Richard Heart vs Charles Hoskinson: Who Built the Better Ecosystem? | Daily Crypto IQ

[music] Yeah. Yeah. [music] [music] Yeah, [music] you can't win. Yeah, [music] [music] yeah, yeah. I never knew it. >> [music] >> Oh yeah. I never knew. Hey, [music] [music] hey, hey. >> [music] [music] >> I think that we just holding on to something. [music] I think that we just holding on to something. I think that we just holding on to something. Just tell me what's [music] Heat. Heat. >> [music] >> I think that we just holding on to something. [music] All right. What's up everybody? Welcome to Underground Crypto. Just running in at the last second. About to go [music] live and turn on the camera. Realize I don't have nothing to drink. I tell you, it is a long long two hours for nothing to drink, guys. All [music] right, but we're ready to go. Let's make it so

you can see what I see. There we are at the 4our BTC chart. Let me turn it on so you can see me. Hey, there we go. Let's go take a look. Well, we did lose the 4hour 200 and we haven't regained it. Obviously, we lost it a little while ago. Every one of these is 4 hours here. And we'll keep switching our our trend lines, our our divergence lines until I guess there is no more divergence. I'm thinking we're probably going to get a bounce at least back up to the 200, which is the red line, 200 day moving average. If you have no idea what I'm talking about, please throw something in the chat. Let me know. Shout out to the Hey, Gig Gaming TV, welcome in. Welcome in. Uh, we're going to be comparing tonight. Richard

Hart to Charles Mr. Husky, right? The founder of Cardono. Looks like Kumar said, "Hello, sir." Hello to you. Thank you for coming back to the stream. Melissa, of course, Raw Handyman Digital Revolution. Welcome in. Welcome in. All right. So, what do we want to talk about here? one to me it looks like a lot like a complex shoulder shoulder head shoulder shoulder and you really should have got a big dump out of that and you didn't. So when those shoulder head and shoulder patterns complex head and shoulder patterns start not giving you the dump that you're looking for that's something to look for as far as a change in sentiment here. Look at this thing before it fell out. Where's my line? There it is. You know, before it fell out there. That's a pretty pretty bearish pattern there.

And [music] it did exactly what it was supposed to do. So, we're just hanging out. We're just watching. We always start show with this. How are my all my undergrounders? Anybody watching the eclipse? [music] I have no idea when an eclipse is supposed to happen, you know. [sighs] Needed that. Welcome in. Welcome in. Smash that like button for me if you're just coming in. We're just kicking off. You haven't missed nothing yet. And let's do the introduction to this stream. So Monday we examined why Richard Hart remained so controversial. Tuesday we tested his claim that Hex is better than Bitcoin and discovered that a product can outperform in one category without replacing everything its competitor does. Tonight we move from the claims to the builders. Richard Hart and Charles Hos Hosaskkin Hoskinasen. It's I don't I've never had trouble

saying that, but of course, now I'm live on YouTube, I will. So, Richard and Charles, right, are two of the crypto's most outspoken founders, but they represent very different ways of building an ecosystem. Where Richard Hart approach emphasizes finished products, immutable contracts, Ethereum virtual machine compatibility, rapid execution, aggressive marketing, and tightly unified community. Charles, on the other hand, His approach emphasizes academic research, formal engineering, a staged road map, multiple development organizations, and increasingly formal onchain governance. This is not based on a personal feud between the two men, and I'm not trying to make it like this is the next UFC fight. It is an editorial uh comparison between the two founder models just for us in this community. We're asking deeper questions than which founder is more likable on social media. Which ecosystem is better prepared to operate, develop,

and grow without its founder controlling every major decision? The Lucas one since we got an early all-time high. Maybe we got an early bottom, too. Very possible. And if you know we got an early all-time high, then you've been paying attention this whole time. I love to see that. So the current ecosystem pulse right now, Cardano's governance is being used, right? Cardano's July 2026 van Razom hard fork was approved, 77% DREP support and 52 uh% stake pool operator support and six constitutional committee approvals. There's a lot of governance on Cardono. It became Cardano's first hard fork proposed, debated, ratified entirely through an onchain governance structure. This gives us current evidence that Cardano's governance system is doing more than just existing on paper. two ecosystems with surprisingly similar reported TVL. At the time of preparing this stream, PulseChain had approximately

67 million in reported DeFi TVL and Cardono, believe it or not, had approximately 67.7 million in reported DeFi TVL. That is so close that it's kind of wild. Now, the difference is PulseChain had approximately 8 million in 24hour DEX volume where Cardano only had 2.1 million in 24-hour DEX volume. Now, that's that's a 24hour uh snapshot, right? But it would it would insinuate that Pulse Chain has got more DEX actual volume. Now, Pulse X represented approximately 50 million, roughly threearters of the Pulse chain reported TVL. These are changing snapshots, right? Changing numbers, and the aggregators can omit or classify protocols differently. Nevertheless, they demonstrate why market capitalization alone cannot measure an ecosystem. Total value locked volume stable coin liquidity user protocol diversity and centralization concentration tell different parts of the story. The quote of the day the first principle

is that you must not fool yourself because you are the easiest person to fool. I just love that quote and I feel like people don't pay a lot of attention to the quote of the day so sometimes I bring them back just because they're so good. Gig gaming. Struggart in the building. Welcome in Struggart. So, the greatest danger in a founder community is not necessarily that the founder fools everybody, right? It's that the supporters and the critics begin filtering every fact that they hear through the conclusion that they already want and then they create an echo chamber. But what you may not know is that Charles Hoskin cannot personally approve a Cardano protocol change. It's decentralized. Cardono divides formal governance responsibility among DREPs, stake pool operators, and constitutional committee. Different decisions require different combinations of approval. There is a

lot and I mean a lot of thought behind the governance in Cardano. I will certainly give the project that. So Cardano's updated constitution received 79% support and it took effect in January 2026. It added stricter transparency standards for governance and Treasury proposals. If you love crypto, then you love this information. Smash the like button. We get into some real sauce here. Formal voting does not guarantee perfect decentralization. Cardano's own community is actively examining voting power concentration participation institutional dreps and voter accountability while pulsechain official execution software was forked from go ethereum while its consensus client was forked from uh purism or pryism which is p r ym [music] that reveals an intentional strategy here though begin with a proven ethereum compatible structure instead of developing an entirely new technical stack. Again, PulseChain EVM compatible meaning same code and language

as EVM as far as I know where Cardono has its own code, has its own coding language. So, an immutable hex contract does not mean the entire Richard Hart ecosystem is immutable though. And if you know what immutability means, it just means cannot be changed. I talk about the word interoperatability a lot as like a word that people will read and get scared and then not really just look it up when all it means is things working together. Immutable is another one, right? It means to not be duplicatable, to not be able to make extras or multiple of the same thing. Pulsechain clients, validators, bridges, websites, interfaces, [music] and surrounding applications still development and coordination. Still require development and coordination that is. And we're talking about PulseChain here. A blockchain can be technically decentralized while remaining socially founder centered.

Validators may operate the network, but the founders can still denominate its narrative, priorities, and public legitimacy. So, of course, like we've said many times, the network can still run without the founders constantly hitting a button and making things work on their computer, right on their laptop at home. But that doesn't mean that they don't carry a super heavy influence over the project to the point where it can really matter socially. Let's drop into the 1 hour here. You see the 200 day moving average for the 1 hour. I mean, the first thing I kind of see here is the shoulder head shoulder. What do you guys think? Would you classify this as a shoulder head and shoulder? Are we going to get back above that 200 day moving average? All of it is yet to be seen. Let's get

over to the cryptobubbles, right? Cuz that's what we really need to do to kick off this stream. And what do the cryptobubbles say? What is going on in the market? If you're just rolling in, smash that like button for me. We're just kicking off the stream. going to be talking about Cardono. Charles, founder of Cardano, and of course, Richard Hart, founder of Hex. So, BTW has been kind of crushing it here. 24% [music] in the last day and 331% if you want to be really specific in the month. And it looks pretty good. Let's go to the month. Look at that. That is a nice run. A little bit of, you know, consolidation there before continuing to run. and it's the biggest bubble in the top 100. Let's do our one through 10,000 drop down here. Looks like category

100 to 200 is up 1.3%. And then 4 to 500 is down 1.3% and the biggest loser 8 to 900 is down 1.7. But let's go through and actually take a look at some of these projects. XMR up 5%. Virtual up 11.2%. [music] Shout out Kindra who has been building. We talk we love DeFi gaming on this channel. So, Kindra is definitely on my radar and everything that they're saying on social media. We have Mantle up 6%. Let's drop down another 100. We could roll through these pretty quickly. APR has been crushing it. I know the lifer put out some calls for this and his people put out calls for this. So, hopefully my fellow lifers are in his paid [music] Discord. If you don't know who the lifer is, crypto lifer, definitely look him up on YouTube. um

161% on the day and and 178 on the week. So most of this move for a priaryy is [music] a prairie a priori I don't know how you're supposed to say it. I don't even know if it matters. Sometimes you can just call it by the ticker APR. And it is up quite a bit today. Velvet has been coming back with a vengeance. Velvet very volatile. It moves up good and then it moves down quick as well. Cisc think of resources for AI and computational power up 44% today and it's been doing really well too. Let's go to the month. Look at this thing on the month. It just took off August 3rd. This thing was still [music] 28 and now it is a$164. Hollow probably the biggest loser in the top 100 to 200 here. Down 21% and

let's drop down another 100. We usually only do the top 300 here. We have BR or Bedrock Token, which always seems to pop up on the radar randomly. Uh, got some more Dexter token. I [music] love the app for token tracking. And he says Dex token. D XT. Okay, I would gladly take a look at that. Let's take a look at that real quick. Dex tools. Okay. The reason why at first I thought you were talking about Dexter AI. I want to say I bought some of this, but I might have never hit the trigger on this thing. Where are we at? Uh, this thing was really kind of popular around the whole AI agent. It is pump.f fun ecosystem, which makes it a little bit hard to know if it's a serious serious project. Probably not. And let's

finish up where we were here. So, Bedrock token is up 75% and SpaceXP a tokenization of SpaceX up 10%. Talis up 20% and KDO or sorry, Talis down 20%. Sorry for that misspeak there. Somebody got excited. Uh KDO down 29.4% and DOS which we've been looking at down 12%. Let's do the price rundown as we always do. But first, let's take a look at the overall market cap. 2.26 trillion. 04% down to the downside. Not really a huge move. I'm not overly concerned at this moment. How you're viewing the market, how you're living in the market, how your portfolio is structured, when you got in, all of these things highly important. Highly important for how you feel. You know, are you very emotionally led? Are you very emotionally swinging with Bitcoin up, Bitcoin down? Bitcoin goes up two grand,

you're having a good day. It goes down five grand, you're having a terrible day. Um, in my opinion, don't take it the wrong way. I think that's a sign that you haven't been in the market very long. And there's multiple reasons for that. One that a lot of people don't talk about enough is that um I'm numb to price action, but I also got in some of my bigger holdings like last bare market. So, I'm not stressing it. Did they mess me up as far as my timing of when I wanted to take profits? Absolutely they did. Um, and they're going to do it again. And hopefully I'm gonna do a better job of selling because they always always always mess with the timeline public whatever the public sentiment is in my opinion of when the bare market's going

to be and when the bull market's going to be tops and bottoms. If you're not actually paying attention to charts, you're probably not going to nail it. All right, Bitcoin 63,523. And that's why you need to raise your crypto IQ here at Underground Crypto. That's where I was going. So BTC $63,523, Ethereum $1,880. We got BNB $610. XRP flat at a dollar. I've been saying over and over, I love that it's been holding a dollar pretty well every day. And there it is. Make or break. Although I don't believe personally that we've seen the bottom of this market quite yet, but don't misunderstand me. I'm also not saying that I think that the bottom of this market is going to be drastically lower like 40k or something like that. But I think we'll at least come back to maybe

double bottom or test that previous low for bit for Bitcoin, right? Because it runs the market. Troncoin 33, Hyperlid $56.39. This thing has come down quite a bit if you really uh were interested in getting into Hyperlid. Low risk, but also low return because of its market cap. 12.5 billion. So, in order for this to double, it needs another 12.5 billion. Now, don't get me wrong, there's a dynamic here cuz you at first you're going to say 12.5, that's a lot of money. I I don't even know why I would buy this. I'd be lucky if it even doubled. Well, these bigger, safer plays that have a lot more institutional traction. They have a lot more big money traction because of how safe they are for one, but also hyperlquid specifically because how much money it generates in revenue.

Dogecoin 7 cents basically 069 very close to 7. Zcash $493 down 4.7. It's very interesting where XMR, another privacy coin, Monero, $349 is actually up 7.4%. So, you just flip those around, you see it. Cardono just had a little bit of a tear up to 20 cents and it is a part of the topic of the day even though we're really talking about the founder. You're still talking about Cardono and that's at 18 almost flat there. Chain link $8.65. XLM 16. Canton network chilling just barely under 10 cents. I'm waiting for it to hit 8 cents and I'mma buy back. Struggle heart. Oh, sorry not struggle. I already said what's up to you. We looked at the Dex Tool token. I love the app for tracking. Hey, if you like a product, it can be a good reason to

buy some. Struggle, did you look at the tokconomics? And I don't know what they are. Good evening everyone. Thank you. Welcome in. Welcome in. Uh Kumar says, "Hello, sir. Sir, can BTC reach $200,000 in December 2026? All right, just for you, Kumar, because you keep coming back. We're going to do something real quick. The coin perspective and we're going to do just a little bit of looking, right? We're going to do a little bit of digging here. Wow, I just got a notification. Apparently, there's a meteor meteor shower tonight. with good visibility where I'm at. I'll probably be streaming, so who knows? Who knows? Let's go BTC and BTC. There we go. And we want to change the price target to $200,000. So that would require a $4 trillion market cap. Again, this is where you have this proportion

because a lot of times your instinct is going to be to say that's a lot of tr that's a lot of money. Like that's just a lot of money to go from the overall market cap right now is only 2.2. So, you're not even 50% there if you took or you're about 50% there if you took all of crypto. We're just talking about Bitcoin. Bitcoin's market cap right now, I believe, yeah, 1.3 trillion. So, you would relatively do a 3x. Not impossible. In my opinion, Kumar, I don't think this is impossible. I don't think this is out of question. I just want you to also think that here in America, we're very much in these markets. They've been taken over definitely by big money, smart money, institutions, hedge funds, banks, like they're in this. All right? And they're playing

the same big money games, market games that they played with everything else, with the stock market, with whatever the currency, whatever. They're always playing games because it greatly favors them. And so, is it crazy to think that we could go to a four trillion market cap for BTC? Not at all. But that would be they have to kind of give it the go-ahhead. They have to allow it to run. Also, here's another thing to think about. Is it going to because there's two scenarios here. Bitcoin goes to 4 trillion in market cap because $4 trillion worth of money comes in or BTC goes to $4 trillion worth of market cap because inflation goes crazy. Those are the same thing on paper, but they're not the same thing, right? $4 trillion in a market cap is $4 trillion in a

market cap. But if all the money is losing value, the numbers go up with the value not really going up. I know you understand some inflation. I'm sure that goes on all over the world. Well, I know it goes on all over the world. Anyways, I just wanted to take a minute to actually do that because you keep coming to the stream and I'm here for my people. We are a crypto family. If you want to be part of something a little bit more close-knit than just some big influencer who's been propped up a lot of I don't want to say it, but I I there's one person in crypto who I know for a fact is not inflating his own numbers on his channel and that's the crypto lifer. A lot of other people I have seen go

from 5,000 subs to 60 70,000 subs literally overnight, which tells me what? They bought those subs. Anyways, I just want to say a lot of people you're like, "Oh, they have a million followers. That's why I watch them. Do they really have a million followers?" Here's how you can tell. Why am I saying this? because a lot of people have a lot of followers or subscribers and then they do live streams and they shill stuff on you. If you want to be a close-knit of community here where we work together, I kind of lead the pack, but we're all about researching and facts. We're not here to shill nothing. All right? At certain points, I might have something to sell. You might choose to buy it, but it won't be a coin. Like, I'm not going to be shilling

you a meme coin to buy that I own. We're not going to do that. But my point is, I might be small as far as subscribers. It's because I don't buy subscribers. Obviously, I could buy subscribers and have way more subscribers and I'd probably make a lot more money. If I wanted to do this for money, I'd probably choose YouTube a different category. Anyways, enough about me. I just wanted to say all that. I appreciate everybody who's here. Uh Kumar says, "Thank you, sir." Absolutely. Feel free. kind of my point where I was going with that I got off track was that because we're small and close-knit, it's a good community in my opinion to be a part of. I tried to build the community I wish that I could find. Also, uh it's really good to ask questions

and be involved here because you get way more attention, way more value than you're going to get at one of those big channels. You can comment all day in most of those big channels. They're not going to do anything for you because most of them don't really love crypto. I've had the luxury of meeting a lot of people in crypto. I'm not going to name any names or say anything about anybody. I've been around quite a few people who you would definitely know in crypto and I just, you know, a lot of them are not real crypto people. And I I ah I want to name names so bad, but they're they're really not in their day-to-day life before they did their channels and things for money and monetize. [music] They they were not crypto people. Some of them

some of them don't even hold some of them don't even hold any crypto in any portfolio. And I'm like, that's a weird thing to learn about somebody who, you know, is well known in the crypto influencer, you know, uh, space. And just for everybody to be 1,000% clear, not talking about the lifer. He is not included in any of that. The lifer is the truth and he is very legitimate. Uh, I've [music] had the luxury of seeing all of that firsthand. So anyways, Tongcoin Graham 135. We need to move on from that. H bar at about 066. So 6 cents, 6.5 cents. Sweet. Is 68. Avalanche $6.36. Uh let's see what else. Memecore at a$110. Memecore is just kind of refusing to fall down. [music] I feel like somebody had a huge stake of this thing and they sold

at one point and that's been that. and [music] not a lot of people have been selling. I was really expecting it to fall down, bounce, and then just get crushed like be at like 10 cents, 8 cents right now. And it's held a$110. I got in at like a $1.13. So, I don't know. I'm not too mad about that. That's uh that's holding up better than expected. And of course, you're absolutely welcome, Kumar. Welcome in. Chris Goss 333, my fellow lifer. If everybody could smash that like button for me. So, we're going to introduce the topic of the day real quick because I don't want to bury it too far. I'm always tempted to put all of the research information right at the front of the stream. Now, of course, it's a Wednesday night. I'm actually genuinely impressed with

how many people are here. I thought a lot of people would be involved with the eclipse. There's a meteor showers in different places, stuff like that. And of course, BTC kind of falling down a little bit, right? But I don't care. I'm going to raise my crypto IQ because I have an obligation to myself and holding myself accountable is a big part of why I started this stream and committed myself to doing it six days a week. We used to do it seven days a week. My other business just really became quite demanding. That's what pays the bills, right? Not crypto. YouTube anyway. Anyways, the problem here. So, crypto communities frequently confuse four separate ideas, [music] and we want to break them down individually and make them easy for you to understand. The founder is influential. Check. The founder

controls the code. Okay, maybe, maybe not. The founder controls the network. I don't think in either of these scenarios they control the network at all. And the community trusts the founder. Actually, I think that you have a little bit of a jadedness when it comes to that. I've seen a lot of Cardono people quite upset lately. So, those statements are not interchangeable, right? Richard Hart may seem extraordinary social influencer without possessing a button that shuts down Hex whenever he wants to. He can't get, as far as we know, he can't get mad Richard Hart and just shut down Hex because he feels like people aren't paying attention to him, right? where Charles Hoskin may dominate Cardono discussions, of course, cuz he's his kind of his brainchild, right, without being able to unilaterally pass a hard fork all by himself.

He purposely gave up the centralization to have true decentralization. One of the things I really admire about Charles, I admire things about both of these people. If we only judge their personalities, we'll never find where the actual power lives. And we want to be better speculators in the market. Sometimes maybe we want to know things about, you know, who we like and dislike. But I'm here for more than who I like and who I dislike. I'm here for understanding how things work, [music] both technical, social, like every little uh leveling category, right? So the shift is to move the comparison away from the charisma and map power across these five different categories. So that would be code capital coordination communication and continu continuity continuation ability to continue. I don't know why I can't say that. You ever have a

word you can't say? Uh John 3:16 says, "Hi, I am stress free with BTC. Smash the like button." Appreciate you saying that and I'm glad that you're stress free. It's a good way to live. Uh, Gig Gaming says you should look into a tropa ecosystem within PulseChain. Okay, that's very interesting. If you're still around, you could certainly bring that up in the underground crypto hangout part of the show. Um, right now we're going to focus on the education, but there will certainly be a time and place for that. So, these are the the five things here that we're using to really buckle down and get facts in a a straightforward honest way of comparing without just trying to argue about who's, you know, uh, you know, gets more engagement on social media. The power, where was I going with

that? Uh, then compare what requires the founder, what requires community approval and what continues automatically. So what is required of the founder? What does he have power over? What does a community approval have power over? I mean there's a lot of great things that we say about Dows, decentralized autonomous organizations, right? But then we all saw what happened to Bonk. So they're not a perfect system and all of this stuff is always evolving. And by the way, Gaming, I appreciate you saying that and giving us some things to look at later on in the show. Stick around. Stick around. So what continues automatically without anybody needing to hit buttons or basically be in power where they can turn things on and off is what we're really saying. The payoff here is that the viewer could identify whether a founder

is a productive leader, a temporary coordinator, a permanent bottleneck, a marketing advantage, uh systemic systemic risk, or several of these simultaneously. The goal is to not find out if the founder uh with the most influence, right? The goal is to determine whether the ecosystem has effectively checks on that influence, right? So, I don't know if you're in the US and [music] you know what we call the checks and balances of our legislation and and the way that our legislator, you know, and the way that our government is set up. Well, that very much exists for things like Cardano. I think Charles realized he's going to have to let the community run by itself and not try to be in charge of it forever because for one, he's not going to live forever. And these things, they're code. They have

the ability to live on, I guess, infinitely, right? So when we come back, we're going to talk about separating the founder, the product, and the ecosystem. And then we're going to kind of cross reference between Richard Hart and Charles and of course Cardono and Pulse Chain. But let's talk about what is trending as we kind of keep a pulse on this market. Also, yes, I use chat GBT. First of all, I use it to organize the topics [music] and stuff like that, not just purely write them. Um, and I go back and forth quite a bit to get what I want. That takes longer than you would think, right? But as far as the news, I let it mostly just do its thing. I just ask it what today's news is. We'll come back to that, but I would

like to look at some news, right? But what's trending today? I just wanted to cue that so we have it ready. This deus which is not a stable coin surprisingly. I do remember when this came out. Um it does seem like it's another language if you ask me. X machuina muina I don't know. I always think of the word mannequin every time I look at it. And I know that's not what it says. Uh base blockchain Salana and PQ which is a very interesting eos ecosystem. We've looked at BQ ecosystem and website a little bit. Interesting stuff over there. If anything, I'm a little bit surprised at how relevant they are. Let's do a quick little look over the tokconomics. There's a billion max supply and there is 350 million out, which would be 35% of supply. Oh, no,

wait. That's the 24-hour trading volume. My apologies. [music] Uh 635 million in circulating supply out of a billion, which is 63% and some change. 17.4 million. But what the heck is this thing? Robotics. Let's go to their website. Decentralized access to humanoid robotics. Now, I do bring this up quite a bit because you have to do your own research. It's so easy to come in here, see this cool website that somebody spent a little bit of time doing, and just be like, "Oh, this is exactly what they told me it is they're going to do. I think that the idea that they've presented to me is great. Therefore, I like this project." To me, that is some very flawed thinking. And I only know this from experience. Just because they prop up a website and they say something, doesn't

mean that they actually have the ability, are building what they say they're going to build, have built what they said they're going to build, or even have access to the players and the money to make this happen. I'm not specifically talking about this project, but this is a good example. It says, "Get early exposure to the world's leading robotics companies before they disrupt a trillion dollar business." Okay, getting exposure to robotic companies before they disrupt a trillion dollar industry is a great thing. Will this project, this one, this coin, buying buying this coin, will that give you actual exposure? That's something you would have to heavily research. Dow portfolio highlights. We got Apptropic, which is hilarious. Um, wording there, is building Apollo, an AI powered humanoid robot designed for real world work, right? Backed by 403 million. It's a

bold bet on the future of labor. Now, we talk about everything crypto, everything cryptoreated, decentralized network, Agentic Networks that might run these actual AI robots. If you're wondering how this relates to crypto, one, this project is on a blockchain and the coin is on a blockchain. There's one, you know, reason why it's crypto. The second would be because maybe the network that runs these robots. The first thing I want to say building robots is insanely expensive. Especially when you're not just mass-producing them, you're actually trying to design and work out flaws and this, that, and the other. It becomes insanely expensive, right? Uh, let's see. So, do they have the capital to do that? Just because they have money. Here's another thing. Can you under can we find out? Do we have access to the information? I'm just trying

to show you guys how to break this stuff down versus just reading something on a website and stopping there and then buying and getting and just getting whooped. Right? So, the first thing I want to say is, do they have the treasury, the money to build these things and experiment and and make that happen? Because if they don't, then they're never going to get to a working product. Do they already have a working product? Uh they have competitors for sure. Uh Tesla being one that comes to mind. Tesla has robots. China has a robot. A lot of people already have these robots. Um are they doing anything that's drastically different than they are? These are all food for thought before you buy something like that. Why am I spending the time on this project? It's a random project to

me. I'm spending time on it because you will see many of these type of projects pop up. This one actually has like a physical robot, but you'll see many of them in many different categories and you have to understand the nuances of the business model and does the company possess the leadership, money, treasury ability to actually execute before you go throwing your money in it. So, 1X technology. 1X is a developing Neo, an advanced AI powered humanoid robot engineered to assist with household tasks and enhance daily living. So, the idea is you have this robot, he's more geared towards going into warehouses and factories and just places of work. Could be a restaurant and working. where this guy over here, Neo, he's more geared towards being in people's homes and doing the laundry and washing the dishes, right? We

have Agility Robotics Development, Digit, a safety approved humanoid robot for commercial logistic and industrial automation. Maybe he's going to be your new Uber Eat driver and also delivery guy. Maybe he just walks and delivers it. I don't know. And then we have this figure. AI uh builds high high dexterity AI powered humanoid robot designed for manufacturing and logistics already deployed in BMW factories. Is that true? Is this thing already deployed? And now here's the question. Is this robot made by this company deployed in a BMW factory? Or is a robot similar to it made by a totally different company developed and launched by BMW factories? Cuz those are two totally different things. I'm just taking a minute to try to break all these down. I didn't realize I had so many different pictures of robots. I don't want to

spend forever on it, but I do want to break down the thinking and how quickly them kind of saying something can take you straight to this is real and they're doing it when in fact they are not. Strategic exposure to the humanoid stack. Building exposure to key components across humanoid value chain, including hardware, intelligence, power, and development. The things that actually run this stuff is highly important. Whether it's chips, whether it's resources, data protocols, you name it. Data oracles, I should say, blockchains, whatever it is, all of those things really all put together, those are all different components. And you can invest at different levels depending on where you think all of this is going. And the bigger question is how quickly you think it's going, right? Are these robots going to run every restaurant, every store, every gas

station, everything everywhere in like five years or 25 years or 50 years? That becomes the [music] big question. I think aside from this actual pro uh project here, that was a great um you know, teaching moment, a good learning moment there for you guys to see where you may have bought projects before and been like, how did this thing not go up in value? They had such a good idea. Maybe they didn't have anything built. There was one called space not too long ago, right? They wanted to do decentralized internet. Well, in order to do decentralized internet, they needed to launch their own satellites into [music] space or they needed to rent satellite, you know, computation or ability from people who already have satellites in space. Stupid expensive for a little crypto project, right? So, you got to break

these things down. I won't spend any more time on that. So, here's what else is trending today. APR, we'll come back to that. Pudgy Penguins, Cash Cat, the premier uh the biggest I should say, memecoin on the Robin Hood ecosystem, lighter, stons, broker, pawns, Bit Tensor, Curve, Dow, PQ, Uniswap, XRP, Thinking Cat, Ticker H, I like that. Ganosis back on the radar, and Avalanche. Just want to see what ecos Okay, so the Robin Hood memes are starting to really cook. I think me and prime minister need to touch base on this again because they're actually starting to really do something. I see a lot of them running now. How many of them are being launched versus how many of them are actually getting the move that I'm not so sure about. Melissa, are you here? I'm willing to bet

you probably are here. All right. So, thinking cat memecoin on Robin Hood. I don't buy at 24 million. Uh I just think that's already way too high. Goss had something going on I really want to come back to and I never did. But before that, let's talk about APR because it is trending pretty [music] hard and I don't think it's actually going to stop. I think it's going to keep goingund. Well, that's according to how the market, you know, continues to go. Anyways, 135 million here in the market cap for APR. It's at about 48 cents. Looks like the coin itself came out about October 22nd, 2025, not terribly long ago. Billion in max supply, outstanding supply, and circulating supply. So, we talk about tokconomics a lot, and this is a good example in time to talk about the

difference [music] between circulating supply and outstanding supply. So, a lot of times you won't have a number for outstanding supply. Sometimes that's because projects don't have an outstanding supply, but some do. And that's where you can get a little bit confused cuz there's a huge difference here. [music] The circulating supply of this project is 277 million out of a billion. That's not so bad. saying that this market cap divided into the circulating supply giving you the price per unit. It's not a bad it's not a bad uh you know tokconomics but then you drastically jump to an outstanding [music] supply of 767 million and that kind of changes everything. So let's read you the description of what an outstanding supply is. You should understand a circulating supply that is the coins that are considered circulating in a given project.

But an outstanding supply is the amount of tokens that outstanding in the market could be circulated and traded tradable in public. They could be or they could be planned [music] to be circulated or traded sometime soon, but they're already minted. So, what is the difference between the 1 billion tokens that are in the max supply, the circulating supply, and a normal project where we have no outstanding supply? Well, the coins that are not in the circulating supply, where are they? They're not minted yet. They they literally do not exist yet for most projects. Remember, every project can be run differently. The outstanding supply is saying, "Hey, we can see onchain because most of them are transparent." [music] That's kind of the idea unless it's literally a privacy coin. That's a different story. But most of them transparent, right? Blockchain.

And [music] we can see that these coins are minted, but we don't know where they are or if they're publicly traded or circulated. And that's where an outstanding supply comes from. Why does this matter? Well, here's a great This project itself is a awesome example of why [music] this matters. Because 277 million is so much lower than 767 million. So, if all of these tokens and the outstanding supply that are already minted on chain were to come out into the circulation officially, um, you know, even in batches, but let's just say all at one time, it would really affect the price. The price would drop like 25% [music] from where it is right now. Probably more. I'm being kind of conservative here, but it could drop 30 40 50 60% in like the snap of a finger. As soon

as though as soon as they're considered circulating, you're done. That doesn't mean most projects are that foolish. It doesn't means it doesn't mean most projects are going to do that because that would be pretty dumb because it would just cause a very harsh drop in their price which is more likely to scare people away from investing in [music] them in their coin. And so it's not the best idea, but sometimes they do it. I don't know why. Some of them just don't think ahead very well or people running the ship are just taking the money and running and they don't care anyways, right? So excluding token supplies that are not planned for circulation or usage used to better understand the current theoretical maximum valuation of a token. Why did I spend that much time on that? Because tokenization is

highly important or tokconomics I should say, not tokenization, but tokconomics. And uh when you have this big outstanding supply looming over you, don't be surprised when it drops. And I hate to say it, there are bad bad actors in the space who will use a convenient narrative, a convenient news narrative to run off with the money and have a great cover story. Whoops. All those coins came out and the price got destroyed and the project wound up getting destroyed and going to zero. Don't pay attention to how many coins I was selling the whole time. You get my point. [music] So sometimes they make terrible mistakes on purpose. Ethereum B&B and manad. I have a lot on that I'd actually like to say. I am going to spend a second to say this because think about this. You start

theoretically. I'm not accusing anybody, right? Just theoretically, this is an idea. Start an exchange, hold a ton of money of customer valuation. Now, this company is just one of many companies that you own because you're a big uh hedge fund, big multi-, you know, million, billion, trillionaire, whatever, right? You got many other companies. Then mess it all up, go bankrupt. Not your coins, not your keys, not your crypto. My exchange holds all of your crypto. everybody's crypto [music] uh millions and millions and billions of dollars and then we time it perfect so that the valuation of how much money you [music] had is like the bottom of the bare market type vibe and then so I already have all of the crypto evaluated at the time of bankruptcy super low compared to what they are and then on top

of that I'm gonna turn around and only pay 50 60% of what that's worth out to the people who claim it. And then I'm going to sell the actual crypto assets to another one of my companies for pennies on the dollar. Effectively stealing all the crypto, buying it for absolutely nothing, and then we have another bull market and the stuff goes way up and people get insanely rich. Um, those are big corporate games. Is that what has happened in the past? I I don't know. I'm not accusing [music] anybody. Anyways, Gnosis, let's talk about Gnosis. I went on a tangent there. It happens sometimes. Hey, what can I say? Gnosis is $103. It's $103 because it has great tokconomics. Notice no outstanding circulating supply. Only 3 million max [music] supply. Circulating supply 2.6. I do use this project as

an example quite a bit, but that's not why we're here to talk about Gnosis right now. Genoland, their website, not exactly amazing. Let's let's refresh it in case maybe they've updated it. No, it looks pretty much the same. So, this is an association with Ginosis, [music] right? We're building Genoland set to become the leading open-source smart contract platform using Geno, an interpreted and fully deterministic variation of the Go programming language for succinct and composable smart contracts. There's a lot of technical jazz that if you have if you haven't been raising your crypto IQ, that probably didn't make a lot of sense to you because I do this every day. I'm actually quite surprised how much sense that made to me. With transparent and timeless code, go.land is the next generation of smart contract platform serving as the quote unquote

GitHub of the ecosystem. If you understand what GitHub is, Genoland will be the equivalent idea of GitHub with probably their own idea and their own their own take on it of the ecosystem with realms built fully transparent audible code that anyone can inspect and [music] reuse. So that's kind of the idea of GitHub is you can go to GitHub and grab a lot of things and just plug and play and use them even though you don't know how to code anything. A lot of people use GitHub for what we would consider to be AI agents. Get a Claude, you know, get a Claude bot, get it running. There are nuances to it. It's not what you think it is, but you can go to GitHub and then get all kinds of different already pre-programmed agents if you want to

call it that. And then you can run them with just plug and play, copy and paste, and you don't really even know what they do, which can be problematic. But if you understand what GitHub is, this is a very interesting idea. Why does this matter? Well, because if this helps the overall project of Ginosis and the tokconomics of Ginosis are really good, then it could make money. That's the idea here. And so, it requires a little bit more of a deep dive, a little bit more information. I really wanted to make a full video on this, but I almost would need to go watch a bunch of videos on the people who like built it and things and and just see really where they're going with this. And the big question, all of this tech is great. I love

learning all about this, but I wouldn't buy Ganosis as a coin to hold unless I could understand how this is going to pump Gnosis, the actual token, right? If you have to buy Ganos token to, I don't know, pay for some kind of code in their GitHub style app. Well, there you go. Now you understand why money would flow into it, it's a no-brainer. It's got great tokconomics. Boom. Let's go. If it doesn't have that dynamic, then I would still probably buy a little bit of Gnosis, but I'd probably wouldn't buy near as much. Uh, another point here is that you kind of have to position yourself an understanding of where money is going to flow or could theoretically flow in the market to raise the value of a token or project or treasury or whatever uh market cap

I mean before it all happens in order to really be the one who takes advantage of the big money that is out there. Let's talk about that fear and greed index. I know I got a lot of things to say every day I'm here. I got a lot of things to say. I guess that's why I have a channel on YouTube. Fear and greed index 29. Um, I've started [music] saying it a while back. It's just a number you keep in the back of your head that gives you an indication of a lot of things, but market sentiment, right? And it's not just is Bitcoin up or is Bitcoin down. [music] That's not what the fear and greed index is really about. It's about sentiment in the market. Are people in heavy fear? The opposite of optimism, the opposite

of believing that the market is going to go up. That is when all the really good prices to buy historically have always been. When the fear and greed index is high and greed or extreme greed, well, it means people are greedy. They're taking profits. You know, uh money is being made and people are also euphoric and highly optimistic. That's a lot of times when people sell, this can be a great indicator of how to how to move in the market without having to worry about somebody telling you what to do. And historically, it's been very very very good good to me. My mentor is the one who showed it to me. He uses it. It's been extremely good to him. He's been in the game a lot longer than me, so he's gotten to take advantage of it a

lot more. Prime Minister, what's up? Hey, Prime Minister. I'm starting to see a lot of tokens uh get some high valuations on Robin Hood. Should we should we consider paying a little bit more attention to Robin Hood coins or is that not really worth it? And it's a couple outliers that are getting a little bit of attention because we had another one thinking cat went to 24 million and it's a Robin Hood coin. Every day I've been seeing like a different Robin Hood coin go to over 10, 15, 20 million. Anyways, let's make this the top 20, not the top 10. And let's talk about some crypto rank tokens, right? Crypto rank is a lot more geared towards institutions [music] and uh you know, seed rounds, funding rounds, ICOs, idos, stuff like that. But these can give us some

great insight into what is being built for the market. He says, "I seen that, bro. Pooch is at 400K." Lol. Oh, is it? Can Cash Cat please get a pump? Cash Kitten, let's go. I'm still in Cash Kitten, you're probably shaking your head at me so hard. I tell myself when I need the money, I will sell this and use it. Uh, I didn't really want to show off cash kitten. What I really wanted to look at was pooch because I still I still do own some pooch. Whoa. Oh, pooch went to 600,000. I know you said it was at like 400, but it went to 600. I I just can only hope that Cash Kitten gets picked up at some point. I just want to get out of it, honestly. [music] Uh for anybody who's just seeing this,

we've been following some of these Robin Hood memes. When Robin Hood first came out, I bought a little bit of pooch. I bought a little bit of Cash Kit and I bought a little bit of a couple things. I totally It's all inspired by of course Cash Cat. Um when it ran I was like, "Yo, we need to pay attention and look at these." And uh then of course all the all the actual launch pads just [music] absolutely folded and we took a step back from them. And now it seems like we have pawns. Pawns. Have you dug into pawns, Prime Minister? It seems to be holding up. I mean, I haven't seen it like fumble and go under yet. Anyways, um let's see what this does. Probably should check these things more often. I'm really interested. I'm not

going to do it right now, but I'm really interested to go look at my uh wallet and see how much what I own is worth because I I legitimately don't remember when we bought it or when I bought it. But I mean, the previous all-time high was like 267,000. So, I feel like I got into it way earlier than that. Like 50,000 or something like that. So, we'll keep watching. This thing's probably going to go to million or a couple million. This could be a nice win. Found pooch at 26k. That thing is still It is. It's given me some kind of weird opium for a cash cat which I own too way way way too much of. That was like the first coin that I bought before pooch and I overinvested for sure. Some of it was rookie

mistake. Some of it was also like Robin Hood memes were coming out. There weren't a lot of them. Cash cat had just ran and I was just like this is that one moment where I need to like go hard on this coin. And of course then all the all the launch pads just kind of folded up, destroyed all the momentum. I'm sure it was a complete mysterious accident, right? Like we were just talking about. I'm sure it didn't happen on purpose and it just destroyed the momentum and it kept the liquidity from leaving other platforms. Wink wink nod nod. [music] Robin Hood just kind of sketchy since the chain is censored. I'm not keen to keeping money over there. They can get hacked easily. Well, that's a really good point, Prime Minister. If you're here, you're hearing this from

a pro. Um, [music] they can get hacked easily. That's not a good vibe. I don't I don't even like hearing that, but it is what it is. I'm not going to pretend like it's not. And, uh, eclipse, if people know that there's an eclipse today, uh, [music] thank you very much for calling me this morning. for calling me this morning so I could sell out of it. Now, I wish I could say that I sold it at like 80K, but I didn't. But I woke up to free money. I had already made money on this coin. I had already sold it. I knew that the event was coming up. It was the 10th, right, going into the 11th. And I watched it all day. And then right at the end of the day, that thing dipped super hard. I

think to like 7K or something like that. Like way back here. Yeah. Nope. It was more than that. It was like way back here. Anyway, it's dipped to like 7K and I was like, well, there's my entry that I wanted. Got in, woke up, had doubled my money, and just walked away. I think I sold it like I don't know, 35, 38K or something like that. Could have sold it at 80, but you know, money made. I'm not crying over that. Anyways, I wasn't planning on going into all that, but you showed up, so I I had to go there because I already had some questions I was going to try to talk to you about [music] and uh it's much easier for me to do on stream to get my thoughts out. I just trust Salana more because

I'm familiar with it and it's and lots of cool people are on Salana, but Robin Hood got lots of sketchy people over there. That's very true. Um, [music] and then of course Robin Hood is new and all that jazz where like Salana is battle tested, [music] right? All of the I don't know weaknesses in the Salana network. I mean, people have prried and poked at all of that already [music] and they're they're not stopping anytime soon, but it's probably pretty shored up any real vulnerabilities and flaws. Who knows how quickly Robin Hood was thrown together and you know how well its security how tight its security is, right? [music] Of course, just so everybody knows, shout out to God. Another play that I'm very interested in. Put my money where my mouth is. I've been mining it. Can show

you right here in my wallet. At one point I did sell a little bit of it and [music] I'm I'm slowly grinding it back up, but I own uh 65 which I think is about $97 worth of uh of God. Like why is this not loading? There we go. Okay. Unrefined? That's got to be like some kind of glitch. I thought it was automatically unrefined. Why does it say I hold no unrefined Gottle? I definitely hold like 97 $100 worth of it for sure. Anyways, I won't spend too much time on that, but they must have changed [music] that. Did have another question for you. I'm trying to remember what it was. A nice jackpot running. I think we should go ahead and we should do [music] some mining. If you're if you're familiar with the project ore, then

you know roughly what this is all about. Oh, look at that. Struggart's trying to win the giveaway. I mean, we're not doing a giveaway right now, but he's going to win it. Uh, you know, by the way, Struggart, I owe you 10 bucks from the giveaway you won. send me send me the coin you want and then send me uh your wallet address. I will send it over ASAP. Just uh you know, send it to me so I can do that. Hopefully, you haven't already done that and I missed it or something, but I don't think you have. Uh let's see. Looks like Boach won. Did he win rush? It's got to be Wow, he has won rush three times. See, how come? This is what I'm saying. This is why I don't know if I can participate in

this, right? Uh somehow they just win win win. Obviously, they have a lot of money and they're probably spending a lot of shovels, but like look at it hit like so low. The one time I tried to seriously play literally the one time I I tried to seriously play this, it went to 60 soul. So, I think I'm sticking to the mines and stacking my godle for now. Eugi, stop rugging us, bro. Hey, I never rug nobody. I don't have a project. I can't rug nobody. And Struggle Heart can get his his money. He won. Anytime he sends me the information, I can't send it to nowhere. Yeah. And Prime Minister's joking for anybody who doesn't understand. I know that, but you know, hopefully everybody else knows that. You said that's the old God. So, what's the new one?

All right. So, what? Now I got to go find the new website. Hopefully, it's updated. God doupply. Is this the right one? Start mining. I guess what? Their social media has the right one. They don't even have a Twitter. I guess we could just go search it on Twitter. They probably do have one. It's just not linked. It's not on Google app or play store. Okay. The new one is [music] an app on Seeker. Okay, got you. Shruggerart says that feels like a threat. I'm confused. What? What is a threat? You're fine using legacy site, bro. They got an X. I'm sure they do. [music] All right, moving on. Yeah, here they are. It's pretty sure. Yeah, I already follow them. So, I can't even get the new one because it's an app. Got you. All right. Didn't mean

to get so off track there. Let's hop back over to the education because I think it's an interesting topic. Who's ready for that? Melissa says, "Touch, grab, press, or smack that like button. It would be truly appreciated." And she is absolutely right. It would be truly appreciated. So, first of all, we're talking about Pulseex for a while now. switch to talking a little bit more in depth about Richard Hart because I don't think you could talk about Hex Pulse Chain Pulse. I don't think you could do that and [music] not spend some time talking about Richard Hart. I mean, Cam came in here the other day. He didn't even know who Richard Hart was. Of course, Cardono, Charles Hoskin, I I'm pretty sure he knows who that is. And we're comparing them, but we're not setting up like a

UFC debut fight, okay? We're just trying to put facts about both of these founders in a nice comparison about the ways things can go in different founders and the different ways they can do things. All right, it's meant to be factual and educational. So every compar comparison tonight has three layers, right? The founder, product, and the ecosystem. Now founder. What has Richard Hart or Charles Hoskin personally said, funded, promoted or prioritized? That would be directly connected to the founder, the product itself. What does Hex, Pulsechain, Pulse X, Cardano or ADA actually do? What is the point of them? It's like when they try, you know, when they said, and he's done it publicly, he's done it on his website, you know, for for Hex and stuff that Hex is better than Bitcoin. But better at doing what? Because they

weren't made to do the same thing. We learned all about that last night. Ecosystem. What have independent developers, validators, applications, users, and communities built around those products that they made? Whoa. [clears throat] Oh, that's hilarious. I get it. I get what Trigger's saying. He's like, you're going to get these tokens. You're go, "Hey, if you never want to claim the $10 that you won, that's fine. Uh, but I don't I don't want people to say, "Hey, he never paid that guy. Like, he won." You get what I'm saying? It's almost better, Struggle Heart, if I just pay you because you won. Um, because if you go unpaid, then people will say that you went unpaid, and I don't like that. It it it's bigger than just just if you get the coins or not, but that's hilarious. You get

these tokens and you you liked him. All right. So a founders's personality does not prove that the code is centralized. Code good code also does not prove the surrounding ecosystem is independent. Richard Hart building philosophy as far as we know. Richard Hart's approach can be summarized as this. Use established technology where possible. Don't reinvent the wheel. Change the economics and incentives because he believes that that's the more important factor. Launch products that are immediately usable. That's I mean it's nice for the user. Keep the message direct and memorable. Good marketing. Build a community that sees itself as excluded by the mainstream crypto. That's actually a big part of the plan I believe. Treat attention as [music] necessary part of distribution. The strengths to this fast path from idea to working product. Immediate Ethereum virtual machine wallet and smart contract

compatibility. [music] things work well from day one. A clear ecosystem identity, a strong community mobilization, products designed to reinforce one another. Hex, Pulsechain, Pulse X each have an easily is easily explained purpose, right? Why they [music] exist is easily explained. That's great. That is a little bit of the genius behind what they built. The trade-off, strong dependence on a public personality. Can't get can't get away from that. Although he has been quiet lately and we are seeing kind of what it is what when he's quiet. Aggressive claims can overpower technical discussions, right? Not having a really factualbased clear discussion and [music] just being kind of aggressive echo chamber type, you know, communities. It happens. It happens to all of them. It's not just hex impulse chain and stuff. It's XLM. It's XRP. It's Cardono. It's tribalism. We've talked about

it for forever in crypto. Critics may dismiss the technology because of the marketing, right? Some people don't like the marketing or some people don't like Charles. So, the critics use that as ammunition. Supporters may interpret outside criticism as coordinated gatekeeping. That's the kind of the whole narrative that they're excluded from the crypto club. Broader upgrade and development coordination is less formally visible to ordinary holders. Now, Richard Hart's strategy is not merely technological. It is technological, economic and psych uh psychological all at the same time. Charles Hoskin is building philosophy and you can see it. Look at his road map. Look at what his road map is called. Uh Struggart says, "I am never unpaid. You deliver quality content every day." That that is a really standup nice thing for you to say, Struggle Heart. I I really appreciate you.

Thank you for being here. uh that that that hit a little different because I know you mean it. So, let me let me continue to deliver that that content, right? Charles Hoskin building philosophy. It's a trip. Okay. First of all, I've loved philosophics and spent the a good I mean, you could spend the rest of your life in phil in philosophy. Don't get me wrong. There's like no end to it. It's almost like numbers in a way, okay? You can always think about something from a new angle or a new perspective. My point here is big fan of what Charles Hoskinson has done with his road map the people the depth in which have have if you looked at a lot of projects road maps go look at any random project's road map and then go look at Cardano's

road map you will see something totally different it's very well thought out and then look at the key figures look at how much thought was put into it look at why he chose this person to be the name of this upgrade in this part of the road map and why and what's happening during that time to the blockchain. It's actually pretty deep. I'm almost wondering if AI wrote it it itself. Right? So anyways, his approach could be summarized as this. This is more about understanding the mind and the thinking process as far as what their actions have communicated between these two founders. So Charles's more begin with academic research [music] formally define the protocol develop through stage eras and road maps build governance institutions before removing founder organizations prioritize correctness and long-term resilience and attempt to turn community participation

into a formal protocol authority. The strengths here, extensive technical documentation, formal governance architecture, looks great on paper, multiple organizations and stakeholder groups, great decentralization, clear procedures for protocol changes, a treasury that can fund development through governance, greater separation between founder opinion and protocol approval. He's not running every little bit of sentiment about Cardano. Now, that can have its drawbacks because if you're just in the coin for it to pump, right? Well, if car if if Charles isn't doing lives, if he's not saying something that gets people going and stuff, it can hurt the price. The trade-off here is research and review can delay delivery. All right, we've seen that with Cardono plenty of times and something that they get frustrated with. Charles has said many times that he is not concerned with the price of Cardano, which is a

little bit disconnected from the people who own it, unfortunately, because a lot of them don't take the time to listen to what Charles says. They I don't know why they're I don't know why they're owning Cardano when they don't take the time to understand the person building it because there's a gap. He says he doesn't care about the price. They are frustrated that the price doesn't go up. Well, he already told you. You're just not listening. He says, "I care about building, you know, remarkable technology with tons of thought put behind it that is going to live on into the future and serve like humanity for, you know, as long as it possibly can before it becomes outdated." And trust me, when blockchain and and AI becomes outdated, that's going to be a crazy time for humanity. It's going

to be much farther in the future than you think. [snorts] Anyways, the point here being why are they in Cardono if they just want to see the price go up? They're not listening. They're not raising their crypto IQ. Anyways, governance structure can become very complicated, also slowing things down. Users may struggle to understand who is responsible for the slowness, whether it's in deployment or price go up. Committees can create bureaucracy without guaranteeing good decisions. Right? Large voting block can still accumulate disproportionate power. So there is still a problem there with your your power uh proportions as far as who who can do things and who can't do things and how quickly. Expectation created by long-term roadmap can exceed actual adoption. You can create a bunch of really cool stuff, but if people don't adopt it because they've moved on

to other flashier things, think [music] attention economy. Think how long is the average person's attention? You could build something amazing. And who knows, maybe like world governments and militaries will pick it up and use it. It could be highly instrumental without ever really mattering to retail. Hoskasen's attempt to replace founder authority with institution. The question is whether those institutions remain effective after the founder stops driving the conversation. Again, appearances, uh, interviews, going live himself, that really helps to push things forward. All right, we're caught up on the chat. So, forking proven technology versus building a new stack. There's a lot of arguments around this. I mean, forking a proven technology, you could say is genius to use what we know already works. Ethereum, that would be forking where like Cardono just set off and built their own thing. It's

more impressive, but it's a lot more complicated for good and for bad. PulseChain took an existing Ethereum compatible foundation and modified it. That offers several advantages. Of course, Ethereum tools are very familiar to developers. Developers can transfer knowledge more easily and probably get their projects up and running immediately over in the ecosystem. What's the other one? Barrachain is a good example of a very familiar idea, very same idea. Wallets can connect using established standards. Smart contracts can adapt more quickly. Engineering does not restart from zero. But the trade-offs are as technical differentiations may be much smaller. Upstream Ethereum improvements must be evaluated and adapted. Client maintenance still requires experienced developers and familiar architecture does not automatically create users or liquidity. Cardano built more distinct stacked with its own accounting model, programming environment, consensus research and governance process [music] that

can produce stronger technical differentiations, right? But it also raises the cost of adoption. Developers must learn different tools with Cardano. Applications cannot simply be copied from Ethereum, right? They have to be recoded. Infrastructure must be built specifically for Cardono. Research progress does not automatically become market demand. Hart optimized for compatibility and speed. Hoskin optimized for differentiation and assurance. Two totally different things. That's why this is so much fun because this research is not about pinning these two people against each other. It's about understanding ideas in multiple ways to do something and the reasons for doing it or not doing it depending on what you want. Right? If you were going to build a house, right? Here's a really good example. I'm going to use this example and I'm totally making this up off the cuff. Right? Two people got

to build a house, right? One of those people is stranded in the woods and he's got to build a house because he needs some kind of structure tonight. Okay. So, he's probably going to build a very temporary structure as he works on building his house. So, he is optimized for what? Speed and effectiveness. Can uh large predators like bears and wolves get in his structure and eat and eat him? Okay. Does the rain fall on his head? Does it drip through his roof? Those are important, but the speed in which he can deliver, how many nights he has to sleep out in the open next to a fire is a big deal now. You have another guy. He's building a house, right? But he already has a house. He's not in the middle of the woods. He's [music] not

in survival mode. He's building his dream house. He has money. He can build with whatever he wants. He has money for land. He has money for whatever kind of structure he wants, roof. He just he he has all the time and all the money in the world to build whatever he wants. Their houses are going to look very different, [music] right? And then we take them after a couple of years, you know, and we compare them and we say, "Well, this guy's house is far more thought out than this other guy's house." And we just totally don't even put any relevance to the to the situation in which they built the house. Okay. Of course, in this example, Hex is kind of the guy who's in the survival world. Okay. And Charles Hoskin is very much the guy with

the money and all the time in the world. But I hope you understand that like comparing those two people against each other is very senseless. Immutability does not end governance. Hex's immutabil immutable immutability contract immutable contract either way is one of the strongest arguments for its technical dependency from Richard Hart because it's non-replicatable. If a contract has no administrative upgrade mechanism, Richard cannot simply rewrite its core economic rules anytime he feels like it. However, the larger and user experience, the larger user experience still depends on the underlying blockchain, wallet support, frontends, bridges, liquidity pools, uh things going on with theium in their code, indexing services, block explorers, developer maintenance, and community coordination. This gives us a very important lesson here. Governance does not disappear when a contract becomes immutable. Governance moves to the system surrounding the contract. [music] Cardano

makes governance explicit. Cardano's governance system uses three major bodies. Now we're understanding Cardano. DREPs. ADA holders delegate voting power to representatives who vote on government proposals. Governance proposals, same thing. I like this idea. And I only really recently had looked at the structure of Cardono's uh you know governance. And I think this actually solves a little bit of [music] um a dilemma that a lot of other Dows have. Decentralized autonomous organization aka a decision-making body made up of the people who are in the network, right? And [music] it can be done by equal share. It can be done by how much of the coin they own. all of that kind of stuff just like a stock traded company would be as far as voter rights. The problem here is that your average person is not paying attention to the

forums. If you ever gone to the forums, right, and I have of different blockchains, they're like crickets most of the time. There's not a lot of people on there. It's not like social media, right, where everybody's commenting and say something. Maybe at the peak of bull markets, it's busy, but for the most part, it's not very busy. And there are votes and stuff that go on. Bonk. Bonk is a great example. Bonk had not a lot of people, if anybody, paying any attention to their Dow. So, somebody bought a ton of coins. So, they had enough voting right to basically force whatever they wanted through just like you would do in a publicly traded stock company. Buy [music] 90% of the stock and you can tell the company what they're going to do because you own all the voting

power. So they bought I think it was 4 million worth of bonk that gave them enough to force something through. They put their own proposal up and forced it through. And their own proposal that they put on the bonk dow decentralized autonomous organization the governance said you give us $20 million from the treasury and also we fire everybody on the board and we take over. And it was a it was a sophisticated Somali pirate takeover of the ship, right? I am the captain now. Uh that will never get old. But anyways, this kind of solves that idea because the actual ADA holders, they delegate their voting power to representatives. Okay, this is starting to sound a lot like the US government and many other governments for that matter but they give their voting power to a representative who they

trust however that works and [music] then they vote on the proposals. So here are the other people who are governance system right has three major bodies stake pool operators they they maintain the network and the vote on certain security sensitive decisions including hard forks to who it concerns is where things go for vote I like that constitutional committee it determines whether proposals comply with Cardono's constitution Cardono has a constitution you can see how much time, energy, and thought has gone into this and how it's very much set up like a government. The system supports governance auctions covering hard forks, protocol parameters, treasury withdrawals, constitutional changes, committee changes, no confidence motions, and non-binding information actions. No single body approves every type of action. That is a deliberate system of checks and balances. What does this remind you of? And where

is this going? What is his vision? Is one day governments going to run basically as a decentralized autonomous organization? It's going to be very hard to get those old entrenched interest uh to let go of the reigns and allow that to happen. I I'm uh don't want to in instigate anything. Not that I have the following, but it would probably take like a revolution of proportion to how we got our government in the United States, quote unquote, to get something like this [music] to even work on that level. Although, I think it would function very well. Anyways, [music] my point here is this very much looks like the modeling of the United States government. So, formal governance has its own risk. Cardono's model creates accountability [music] but it cannot eliminate politics. political weakness includes now remember we did entire

series on uh decentralized autonomous organizations or you would know them as Dows right and we explained a lot of things about them you know who's really in control who really has the power when people it it's so much like the United States government's really weird when people don't show up because it's governance I guess when people don't show up and vote it changes the structure their votes aren't heard their voice doesn't matter and other people get to decide what's going to happen and that's a problem. Look at Bonk. So low voter participation, delegation becoming concentrated, voters following personalities instead of proposals, large institutions accumulate voting influence, [music] technical proposal becoming popularity contests, committee fatigue, slow decisionmaking, and responsibility becoming difficult to assign. Also, they forgot uh bribery, uh you know, being bought and paid for, uh blackmail threats. Like,

if you are one of Cardono's, you know, delegate representatives, right, who large people. So, you you're real real cool, right? And you go on whatever you go on social media, the DAO, and you get people to to put all their voting power to you. So you basically get to decide what's going on and then somebody comes along and finds a way to uh make you do what they want to do. Well, they effectively own everything and that's a problem. It's the exact same problem with almost all governments that today, right? Doesn't change. It's funny how governance is governance no matter where it is. Cardono is openly discussing these challenges including voting, power concentration, and whether governance roles have sufficient accountability and incentives. A vote creates legitimacy only when participation information and complete and competition are healthy and it can

get unhealthy real fast. Take money or you know death threats or whatever it is and it can change what somebody does. Informal governance is still governance. Postchain does not represent the same cardono style constitutional voting system to ordinary holders. That does not automatically mean one person can do anything he wants, right? Protocol changes still require developers to publish software, validators to install that software, infrastructure providers to support it, applications to remain compatible, exchanges to bridge to recognize the resulting network, and users to assign economic value to it. If participants reject new software, they can remain on older rules or support a different fork without a transparent voting process. It can be harder to see when proposals change when coordinates agree and how distant how uh yeah dissent is measured disagreement, right? So Cardono makes governance visible and procedural. PulseChain

relies more heavily on software coordination, validators, infrastructure, and community consensus. Who do you think has the better model? I can see flaws in both of those models. The two community cultures. So, we're going to talk about the cultures of the two communities, but we're going to break it up a little bit. Let's go look at top gainers, top losers, and stuff like that because that was it's a lot of heavy stuff. Not as heavy as some weeks have been. And I think it's a little more lighthearted because we're at least talking about people and not just things, although we're talking about both. Let's refresh this here. Top gainer of the day is APR. Coin right this second is up 174%. That's a nice top gainer for the day. On a day like today, you got Velvet 20%, Virtual Protocol

9%, OKB 6%, but let's see who the top loser is. Double zero arbitum and optimism and Trumpcoin official Trumpcoin uh 7.9% double zero arbitrum 7% and optimism 6.9%. >> Let's go to analytics. It's taking a minute to load, but it's going. There we go. Crypto ETFs. Let's get the zoom. Let's make it big. And then let's make sure we're looking at the right days here. So, a lot of outflows today. Overall, negative negative 134 million. Uh BTC of course always the majority of the money whether it's inflow or outflow. But look, we just went off of one, two, three, four, five days of overall inflows. And of course, PTC being the biggest. Looks like 127 million, 123 million, 252 million, 219 million, 182 million, but we had a really big outflow day here, pretty much proportional to this inflow

day. So lately, if you just take like the last week, a lot more like a lot more inflow than outflow. So that's good. And this is up to the 11th, which is yesterday, you're not going to have today's numbers till tomorrow. That's just how it works. Let's look at chain revenue. I love some data. I never thought I would I would love looking at a lot of this data until I started doing all this deep diving and research. And well, it really changed things. I'll tell you that. So, who do you think is the top revenue for the the most recent day they give us, which is probably the 11th, right? No, it's the 10th. Is that right? Huh? Okay. So, they only give us to the 10th. It's hyperlquid. I was pretty certain it would, but look at

Tron come in, you know, real real second. A lot of people accuse the Tron network of existing purely to transfer USDT around regulation, right? Not through the traditional system. It's just a highway to move money. Tron USDT usually um [music] and makes up a huge percentage of the USDT moved around globally. Is that true? Is that just claims from people who need them to do poorly or go under or, you know, get out of their way? Could be. Could definitely be. But either way, Hyperlid Hyperlid owns the game. Let's look at the uh as far as revenue last 30 days, Hyperlid 33.7 million, Tron at 26.5. If you look at the this is why this is good down here is if you just kind of go daytoday you would kind of think that Tron and Hyperlid are kind of

neck andneck but there are some very distinctful days where Hyperlid dramatically outperforms Tron on whatever that day is for whatever reason and when you kind of put it in a 30-day thing Hyperlid is much higher right 33.7 to it's 26.5 that's a lot more money. Anyways, uh shout out if you love data. If you like looking at data and charts and bars and graphs and stuff like that, throw a 111 in the chat. Let's do chainers real quick before we even return. We're just going to hit the farm real quick. I'm just trying to break up the education for about three, four, five minutes. Give your brain a reset. Just like when you're eating good food in a fancy restaurant, they give you stuff to cleanse your pallet. This is the cleansing of your of your brain pallet. That's

what we're doing here. I like that. We're going to we're going to cleanse the brain pallet. I'll probably start saying that daily and like nobody will have any idea what I'm talking about. That's okay. Grab everything real quick here. Wonder how long it's going to take me to have enough resources to combine my two epic plots into a legendary plot. It It could be a very long time. And let's go to the city map real quick. Grab our daily rewards. Shout out to Chainers. Shout out to the people who come to the stream every day. It's Wednesday and we got great viewership tonight for a Wednesday. I I'm thoroughly impressed here. And we'll grab our our thing here. We'll pretty much do everything but play the game for the free reward. We will finish up our talking points first.

And we're almost through the talking points, the research. It's my favorite part of the show. I mean, the the news and and the what's going on and what's trending in the market is highly important, but it changes daytoday. The stuff that we learn here, it stays relevant for extremely long periods of time, if not forever. Like how a blockchain works, not changing anytime soon. What is consensus? What what does proof of work do? What does the word immutability mean? They're not changing anytime soon. So the two community cultures, so let's talk about culture around the communities, right? And that's going to be very influenced by a founder. So Richard Hart ecosystem common characteristics include high loyalty, strong founder identification, aggressive defense against criticism, emphasis on self-custody, suspicion of centralized exchanges and ranking per and ranking platforms, right? A shared

belief that the ecosystem is unfairly excluded. And in everything that we've learned so far, I I kind of have to wonder how much of that is on purpose. Is that on purpose? Because the way that they have their wallets set up for Pulse Chain and stuff make it very confusing for Coin Gecko, Coin Market Cap, crypto rank and stuff to give like a price per coin. And I understand that because we talk about tokconomics so much. Why don't they just fix that? Like they could just fix it. I don't understand. Yo, this person is hilarious. Says, "Hi, do you know waters above crypto?" Um, I think that's hilarious. I'm glad you have a sense of humor. I wish CCP was here. I I'm sure you're a crypto hater. Um, well, hold on. Let me see. I'm not sure that

you're a crypto hater, but that kind of thing kind of sounds like you don't like crypto, and that's fine. Go make your money in other places. I hope you do great. Uh, if you want to raise your crypto IQ and maybe understand kind of what you're talking about, well, you're in the right place. This is not your average crypto channel. Even if I had 100 million, I'd still eat hot pockets. Chickens are expensive to feed, says Struggart. Okay. Hey, in some countries they just eat mud pies and I I think dirt uh I think dirt is very readily available, right? So, I don't know. Shrugart, have you considered eating mud pies? I I don't think that they're highly tasty. There was a bunch of XRP taken in a bridge attack. I hope they burn it. Is that why XRP

is kind of dropped a little bit? Uh, was it an XRPL bridge? We say it here over and over and over. Bridges are the main point of weakness. They are the main point of exploit. Why? Because they require a third party usually. What is the difference between an atomic swap and a bridge? That is some real crypto IQ raising sauce. When you want to move money between a network, is there an atomic swap that you can use? What is an atomic? See, oh man, I could go on a tangent. I'm not going to do it. I'm not going to do it because I need to finish this. Right. So, the culture around Richard Hart and his ecosystem, right, creates powerful community coercion. It can also make internal criticism more difficult. I love when people come in here and say

crazy stuff. Oh. Uh, Max Maxim Maxim Roy. Actually, now that you say that, I'm pretty sure that I recognize your name. Hey, it happens. It's the internet. I don't always know what people are on. It's funny. It's always recognizable when you think somebody is saying something like, you know, snarky or something and then they're not. But what's really really hysterical is when you think somebody is being nice to you and they're not. That it's even 10 times funnier. But anyways, uh I apologize and I never want to offend anybody uh who's come to this channel because if you love crypto then you're good with me. So bro, that's the guy's name. So above I'll tell you one thing about me personally. I'm terrible with names in real life. I mean, I run service trade company and I don't know

what anybody's name is. Most of my customers who I work for, I don't know what their name is. Um, that's just how I'm built, but I'll recognize them in public 1,000% of the time. My point is, uh, I don't know if I know who he is. What does he do? Yo yo, I'm all in crypto. Well, that's good to hear. You're in good company then. Uh, can I just call you Roy? Is that cool? Wa. Waters Above. I'm not sure who that is, but I can look them up. Let's do that. I'm sure they're on Twitter, right? I think it's interesting because uh I was spending a lot of time today kind of following a lot of people mostly for pumpf fun consensus investing life synergy activation. All right. That's you know what when you first said waters above

uh it reminded me of somebody who used to be on YouTube. I'm sure they're still on YouTube called Infinite Waters. Infinite Waters running deep. Uh that guy, that's what it reminded me of. And it almost seems like the same thing. And that Infinite Waters guy, if you know who I'm talking about on YouTube, uh watch when you watch his videos, look in his eyes. It's He's weird, bro. Yeah. I don't know what to tell you. I I've watched a lot of his stuff. Not my thing. I I usually love a lot of this type of stuff. Red Pill podcast. I love listening to people's theories about things that are, you know, different than most people. I see that he's talking about uh Clarity Act getting delayed. They just took a recess. It's a scheduled vacation waters above app. Um

I don't know if this is Infinite Waters. I have no idea. But um I'll give it a follow. I don't know who it is. What What do you like about them? you just kind of like their daily posts. Let's read one of these. Can you see it now? [music] They made you feel better about yourself for taking the red pill, but what you really needed was the clear pill. And here it is. And you click there and then that takes you uh to the next post and the next post or whatever. Actually, I think you're probably supposed to scroll through the chat. This is seven out of eight here, right? It looks like he's doing social media pretty well, much better than I am on Twitter. My problem is prior to uh running this YouTube channel and stuff, I

really just did not like Twitter. Um it's changed a lot, a lot a lot. So, I like it way better than I used to, but I didn't use it a lot back then. All right. Well, thank you for giving me that. I followed him. says, "I have text. I hate text." Okay. I'm not sure exactly what you mean by that, but uh thank you for uh sharing this with me. I will take a look at it more as he posts stuff daily. I'm getting far more active over on X. I guess it took me took me a little while to warm up to X. I'm very familiar with Facebook and stuff like that. Yo, who heard that MySpace is doing like a formal relaunch? Trying to remember a while ago somebody bought MySpace and I was like, "Oh, that's

really interesting that they bought MySpace, right?" Trying to remember who it was somebody who is like a a celebrity. It's somebody you would know. Is it Is it Justin Timberlake? Somebody bought it. All right. Now, they could have sold it already again. I don't know. So, anyways, we were comparing culture. We got off on a little bit of a tangent, but hey, it's fun when we do. So, we talked about Richard Hart ecosystem. Let's talk about Cardono ecosystem. Common characteristics include academic and technical identity, long- form discussion, governance participation, multiple organization, and factions, emphasis on mission and long-term development, greater comfort with the formal process. It's very interesting. This encourages pluralism, a word I'm sure you guys are using on the daily. It can also produce bureaucracy, fragmentation, and endless debates. It sounds like the right way to do

stuff when you just say it out. Like if you were at a bar, right, and you're like, "We're going to have our own government on blockchain." It sounds great, but um you might wind up with all the problems that we already have with government. And how does that help us move forward globally? If we just move all of our problems that we have with government to blockchain and then what have it be a problem for another thousand years or that doesn't sound good to me although it does sound like what'll probably happen. I can send you the Red Pill podcast. Feel free to. He has a Patreon and a Discord. All right. All of that's highly cool. [music] I I like a lot of that stuff. And uh feel free feel free to send me whatever as I spill

[music] my drink on my computer. Luckily, there was nothing in it or next to nothing in it. Although, I do need to wipe it up with something. Hold on. Well, it could have been a lot worse. Let's put it that way. I'm like paranoid about drinks around my computer cuz if I mess anything up. Uh I I'm not going to have the money to buy another computer right away. Not the computer that I need anyway. So I'm glad that wasn't too bad. But yeah, feel free to send me whatever. I'm a people person. I want to hear. I want to talk to you guys. It's nothing to me. Some people are weird about it. I don't know. Maybe they're not cut for uh social media and YouTube like I am. And I'm not I'm not even trying to brag.

I just actually genuinely like people. It's amazing how many people, like I said, it's amazing how many people are crypto influencers who don't hold any actual crypto. Like they don't own crypto. They get paid a lot of money in USD into their bank account. They're living fantastically shilling you coins, getting you to sign up for stuff, getting, you know, trading uh kickbacks and stuff like that. but they don't hold any crypto because they were never here for crypto. And whatever, to each their own. It's business. Business is business. I'm an entrepreneur. I I don't I'm not mad at none of those people. But also, it's kind of the same thing there. Uh Struggle Heart says, "That's wild." All right, let me get through these talking points. Man, I could just sit here and talk. I don't even need this

stuff uh to continue to talk, but [music] this keeps me on point. If you wonder why we use chat GBT because man, I'd be all over the place if I didn't have this. [music] Activity must be separated from the valuation of the project itself. When comparing ecosystems, do not begin and end with the token price. If you do that, you're very shortsighted. Track daily active addresses, transactions, DEX volume, stable coin liquidity, bridge activity, application revenue, developer activity, number of independent maintainable clients, total value concentration, governance participation in user retention trends. Now, with this long, long list, you might think there's no way I'm going to go look at all of this stuff every day. Just copy and paste that list. tell Chad GBT what network you want to look at those things on and then every day just hey

update me and it'll give you a full update of it and it'll be way better than you trying to do this by yourself every day trust me >> it can be good to know how to get this information by yourself if there's ever like a problem or a discrepancy you know chat GBT gives you a crazy number you're like I don't think that that I don't think that's the true total value lock right and then you go look and maybe it is, maybe it isn't. Anyways, use what you have. If this seems intimidating, then break it down and use the tools that you have. It's just like if I gave you a screw or a couple hundred screws and I was like, "All right, you guys are going to build this deck. I already got it framed out. I

just need you to put the, you know, the boards on top." And then I handed you a hammer and like 500 screws and walked away. All right. You could sit there all day and try to put those screws in with a hammer because that's what I gave you. Or you could use your brain and go find a screwdriver, hopefully a power drill, and and make it work yourself. See the difference? The current Pulse Chain and Cardono total value locked figures are surprisingly close, but their DEX volume, stable coin footprint, application concentration, and market visibility, community structure are very different. Two equal total value lock numbers does not mean healthy equal ecosystems. All right? And it's just right this second at the time of recording that they're very similar. There probably won't be all that similar a month from now.

Run the founder disappearance test. Basically to say if the founder disappeared what would happen? Ask what happens if Richard Hart and Charles Hoskin stop communicating tomorrow. Hex immutable contract core contract should continue executing its rules according to its rules. No problem. Pulsechain validators can continue processing transactions, but future development, public messaging, and upgrade coordination would face a major test. Right here, they just told you where you would see the most problem. Cardono, the blockchain stakes pool, DREP counts, everything that goes along with it. Not to be even more long- winded. However, Charles's absence could still affect morale, development, direction, media attention, and ecosystem coordination. It's almost like when you launch these things, you know, eventually you got to step away and let it run, but you almost can't do it until you absolutely have to. Cardono currently has more

explicit institutional succession structure. The heart ecosystem has particularly strong arguments for core contract continue continuity. I don't know why everybody knows everybody's had this happen. I I'm sure you hit a word and your brain just doesn't want to say it. Those are two different kinds of founder uh resistances, right? So what's the verdict? Richard Hart has a strong case for rapid execution and all the things we already covered, right? EVM compatibility, clear product positioning, community cohesion, immutable core hex rules, and building an interconnected ecosystem around a unified identity. He's got that going for him. Well, Charles has this going for him. Formal protocol governance, documented checks and balances, institutional continue continuity, research and technical processes, transparent treasury decision making, and reducing a founders's ability to approve changes alone. The central weakness of each model, and I know we're long-winded.

Uh, Maximoy says, "Are you still trading?" I know this. >> So, I am, but not probably in the way that you think. I right now maybe you haven't been here in a while. I've been saying this for a couple of weeks or probably like almost a month now. In this period of time and the way the four-year cycle is and stuff, which I believe is still intact, we just would had a very wonky altcoin season, right? Anyways, uh I'm I'm just focused on stacking long-term fouryear cycle, you know, bare market bottom to bull market top style spot holdings. That's all I'm worried about. But I'm not trading perpetuals. I almost should and could do an entire stream on that, but I'mma have a lot of hot takes and I don't know where that's going to go. So, we'll put

that on pause. But I'm I'm not actually a big fan of trading perpetuals. I haven't had a really great experience. I'm not just talking about getting liquidated. It's not what I'm just talking about. more the philosophical and the market makers and the trust and the you have a point like where you have a liquidation and it's weird how it always just goes right to where all the liquidations are right and not just for you for everybody and then when you realize that there is somebody on the other side of it who can easily control where the market goes because they have a ton of money, right? And they can control a lot of different things both on their platform and with their money. And it just seems like they could easily just take everybody's money. And then [music] when

you actually are involved in it, it seems like they do just take everybody's money. Okay. So, very few people win there. I am far more interested in what I've been doing now, which is like pumpf fun meme. a lot of fast money, but a lot a lot less risk as far as getting liquidated or or yeah, or just losing your money. I I've I've how to say it. I've had more better experience with making money over there than I have trading perpetuals. One, in the speed that it happens, right? Because sometimes trading perpetuals in markets is like watching paint dry. If you really lower your um leverage and stuff, you barely make any money without the here. Here's one thing I will say. Perpetuals can work really well when you have a lot of money, right? When you can

put $10,000 in a portfolio and operate that with great rules. And I know a lot about perpetual trading actually. I've studied it for a long time. I have had success with I just don't like it. It's boring to me. I would much rather be on pumpf fun. And if you've been following me, you've seen that very much change. I used to stay away from pumpf fun and in and that type of ecosystem. It it exists in other places besides pumpf fun, but I was very very fortunate to have somebody who's an absolute pro at it um really break down the strategy to me and it just makes a lot of sense. Obviously, I'm still learning it. I've spent years and years and years learning perpetual trading and like I still know what to do and I could go over

there and do it, but I find this highly entertaining uh pump. Fun and just there's just way more money and uh with the strategy that I've been taught, it's just a no-brainer. So, that's what I'm doing currently, right? And I really do look forward to bringing that to you guys more. But I'm kind of one of those people where it seems a little irresponsible for me to learn something for like a month and then just try to show you guys like it might not work as well in every environment. I kind of believe if it works this well in a bare market, it works even better in a bull market. But I'm going to give it a little bit of time, make sure I really, really lock in a lot of stuff. I get better each day at understanding

the game. And I would like to bring that to the community. I have people in mind that out of respect for the person who's been teaching me all this stuff. Um [music] I'm not trying to like, oh, let's bring this person in. Oh, let's bring that person in. But people like Cam, you know, I've watched Camsta trade and and and struggle sometimes and maybe has a bunch of wins I don't even know about. But I know he's up on his hyperlquid uh trade and you're going to hit a good one every once in a while. But how much money uh you know has Campa actually made versus actually lost. I think he would benefit greatly from what we're doing. Uh but that's for another day and I'll wait until I know what I'm doing very well and then I

can show whoever I I feel worthy myself, right? Just like I was fortunate enough to have somebody show me. Very long-winded answer to somebody just saying, "Are you still trading?" But I really wanted to lay that out because I I was thinking about it yesterday and I was like I kind of need to figure out how I'm going to introduce that to everybody because I'm going to start probably doing that a lot more in the membersonly live streams in the you know hangout stuff like that. But it it comes with its rules like it moves really fast like it moves super fast. If you're tired of watching paint dry with perpetuals and Bitcoin, this is the answer, but it might move too fast for you at first. So, you need some practice. Anyways, I keep getting so disrupted that

I worry that maybe you have a little bit of trouble following along here. The central weakness of each model, we're talking about, you know, the models and ecosystem of both Hex and Cardano. for Richard Hart and his ecosystem. It proves that growth, development, and legitimacy can become less dependent on Richard Hart. Cardano must prove that elaborate governance and engineering can translate to faster adoption, greater usage, and better decisions. They both have something that they really need to prove, and they're almost in contrast. So, final conclusion, if better means faster, then Richard Hart wins. All right? If better means formal institutional distribution and stuff like that, then Cardono kind of wins. It depends on who you are and what you think. And you know what's it's really interesting to draw this conclusion. That's the wrap-up of what we're talking about,

but it kind of goes to the whole trading perpetuals or trading like pump. Fun, right? both can be fast money depending on where you are and what you're doing and what your strategy is and the way that you execute and and the way that you get ahead of the game to be position before everything moves, which no matter which one of those you're in, being ahead of the game in position before everybody else realizes what's going on is the name of the game, right? And so, it's kind of actually funny how similar those dynamics are. Anyways, we went over a lot of stuff today. I wasn't sure how this stream was going to go today just because I I don't think I've ever done like a comparable between two founders or or we've definitely done between two projects I

think before, but not founders. And I did did not want to seem like I was trying to pin uh those two people against each other by any means. Here we do have the crypto Twitter doom scroll. Kindra is is building and I love to see that. Where's virtuals? I kind of want to see has that's free yakamon. We stay on top of a lot of DeFi gaming. I love that. Um we have DeFi gaming every Friday. Never enough time. I wish I could do a DeFi gaming stream every day and be on top of that and have that be like a whole big main part of the channel every day all the time. And you best believe when I can do crypto full-time, I absolutely will uh do that. Where what am I looking for? I am looking for

something and I don't even know what I'm looking for. I wasn't going to Kindra. Oh, I was going to virtual. Yep, that's what it was. I wanted to see the price of Kindred. Yeah, it hasn't really moved and it's not a big deal. It is on Robin Hood, right? It's like a Robin Hood meme launched on virtuals, right? I bought a tiny bit of it. Uh I do Oh, wait. You got to flip them. Got about 51,000. Kindra. It's worth like Oh, it's worth nine bucks now. It was worth eight. It's been as high as 15. I think I just bought a little bit of stake of the coin while it's cheap, literally, so I could use it in the game. which somehow I'm still just logged into. Uh, wow. They're gotten way better. When I first started playing

this, they would kick you out constantly if you were inactive, which they should still do in my opinion. Should they should still do that. But anyways, I wonder how many players we have online right now. This is Kendra. They just launched some cart racing. I don't know where it's at. I know that I was I was definitely sent a screenshot of where it's at and I I still don't know where it's at cuz I never went and saw it. Daily devotions. That sounds sketch. All right, let's hit our fortune wheel. This is Kendra. I just wanted to show it off for a second. Defi Friday. We will be playing lots of games. I probably should start it a little earlier because there is so much stuff to go over every day. I was trying to see if I could

quickly figure out where the racing is. Melissa, are you here? Shahart, it's been a great stream. I appreciate you saying that and the kind things you said before. Um, I love this stuff. So, when you find people who genuinely like showing up, you know, it's YouTube. People are all around the world. my ability to like try to stay and I've seen people do this as weird as it is. Try to stay on top of people, twist their arm, uh you know, kind of give them crap when they don't show up and stuff. That is so weird. I've been in a few uh communities like that and it's just it's very strange. Uh because it's like, yeah, we don't even know each other. So when my point is that when people show up consistently just because they want to, it

means I must be doing something right now. We just got to get the news out to everybody else. So if you have any people in your life who love cryptocurrency, introduce them to the stream. I mean, they rather choose to keep coming back or they don't. That's up to them. I rather somehow can deliver perceivable value, something they perceive as valuable, or I guess I can't. Maybe they'll maybe I'll be lucky enough to get feedback as to what in the world I need to be doing because of course we want to grow on YouTube. It's funny for a lot of people, they want to get rich off of of YouTube and all this jazz. I just want to make enough money on YouTube by itself that I can just research crypto and and live, breathe, sleep crypto every day,

which for me is not as not that much money because, you know, I do own my own house and stuff like that. So, I don't really pay rent. So, I'm not drowning. So, we can make this happen and I could 24/7 just be online. for the most part within reason. I don't see the cart thing. They must have put the cart thing through like one of these portals. Anyways, I wasn't trying to spend all the time on that. Roller coin. I play one of these like a day. I don't know. I take the small amounts of small crypto every day. Has anybody been maybe playing this project for years? I don't really get how or why they're giving you anything because I don't see how you're doing anything valuable. That's why I do one of those a day. Takes

five seconds to do, maybe 10. Let's go to mini games and get our free item for the day for Adam Caster. And uh Strugger, did you have any more information about that uh XRP bridge attack? I'll be honest, I did pull the news. I am so tired today. Probably all the like working out and exercise yesterday. I'm exhausted today. So, if if y'all will have some grace for me, I'm I'm not going to do the news today. And a lot of times in the days where I don't do the news, that's why. Going back to talking and I just talk kind of openly. I'm transparent with everybody. you know, when I get to the point where I can focus 100% on YouTube and nothing else, I'll do a daily uh news and kind of what's going on on social

media and stuff like that kind of post uh video. Sorry, I'm playing and thinking at the same time. I'll do a standalone video and then I'll be basically streaming twice a day, which I would love to do. I wish this game would start a little faster. But after I beat this, which will be in about 3 minutes, uh, I'm probably going to hop off. It has been a great stream. I hope you guys learned something as far as comparing what Charles has built and what uh I'm telling you. Blank in here, the founder of Hex's built. I don't know why his name is not coming to my mind. I've said it probably 3,000 times tonight. But anyways, I hope you guys got something out of the stream. I don't know why I'm blanking. Like I said, guys, I'm really

tired. I hope you guys watch the eclipse, wherever that is. I've been seeing videos on social media. I hope it's over. I was in a in a coin about the eclipse and uh I woke up this morning to somebody calling telling me it was pumping and I sold it at like 35K. I'm not mad about that. It went to 80k and I would have probably I don't know made double or more. That's all right. I didn't lose money. That's all that matters. And I had made money off of it twice. So I probably made 30 40 bucks off that coin. I'm happy with that. Especially when I'm still learning and I'm not going hard as far as putting a ton of money in there. Keep the losses small and the wins bigger. And we're way over our thousand points

here. Could easily run this to 20 30,000. Maybe one day on stream we'll do that, but it's not the most entertaining thing. So, you know what it is. Stay on the ground, stay crypto, think long term. Uh, keep raising that crypto IQ. And tomorrow, I'll have another continuation in this series about Hex and Richard Hart. There it goes. I remembered his name. I don't know. I can't believe I couldn't remember his name for a second. What the heck? So, I'll see everybody tomorrow. Underground crypto out. Have a great night. Watch an eclipse if you can and uh you know, I'll see you in the Discord. Free link to the Discord in the chat later everyone. Thanks for being here.