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Rollups Are Taking Over Crypto! 🧠👀
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Written from the stream's auto-generated captions.
- That last one with FXRP and S and S Flare, that that that sounds more re-staking.
- The last one you said it sounds re-staking with the XRP, right?
- That's just staking what you earned somewhere else or compounding it in the same place.
- It takes whatever I earn and automatically you know, puts it back into the pool and stakes it, which is fine, but that's still not re-staking.
- Some things do have protocols where they will compound your staking on Solana.
Show transcript (106 sections, auto-generated captions, expect typos)
What's up everybody? Welcome to the Underground Crypto Deep Dive research show. Shout out to Melissa for always being here first and >> [music] >> putting all the links and things that I need. Speaking of that, let me weak the discord [music] cuz I actually forgot to pin that. And shout out of course everybody who's here, reliable J, plague dogs, all of my people. I'm sure many will show [music] up. Cam's still I'm sure blues guy will be here eventually. All right, we got that pin and we're ready to kick off the stream. How's everybody feeling? [music] Hopefully better. Hopefully better than Monday, right? It's Tuesday. And it looks like there's a high potential my camera won't be working. So we'll be messing with that in just a moment. Always fun to have to mess with your camera. As you
go live. All right, let's see. Let's see. All right, and that just looks like a picture from me earlier. I don't Oh, it is working. Okay, the light wasn't even on the camera. So I had absolutely no hope for it working and it worked. All right, let's check it out. We had a nice Sunday, Monday. I don't know, bounce back pump, whatever you want to call it. Let me look. Where's Bitcoin right now? 73,740 according to TradingView. Let's refresh these crypto bubbles and kick this thing off. Plague dogs says, "I heard a sonic brew boom from a meteorite entering the atmosphere above Ohio today. Google it if you're a space nerd and into that kind of thing. >> [music] >> So scary day, but good day in the end, right? It wasn't like an end of the world movie
where you look up and a giant asteroid is about to take you out." Now, one thing that I saw that was really cool is there's some guy who I don't even know. He looks at reports of meteors coming in and then he goes and finds them and he sells the rocks that he finds. It It takes him a while to find one, but he sells them for like 3 to 5, 600,000 dollars a piece. Insane. All right. Uh who who wants to get together and hunt down some meteor rocks with me? I'm in. We'll split the money. So, top 1 through 100 crypto bubbles, my favorite visual representation of data across the market. We got Meme Core, a up Oh, I'm on the hour. I'm looking at these percentages like this doesn't make any sense. Okay. Now I'm on
the daily. Meme Core up 12.5% to a dollar 89. I wonder what I bought my Meme Core at. I don't even remember. River up 15.9% to 24 dollars. It must have had a hard dip down, right? I thought I saw it went to like 26 bucks at one point, but maybe not. Very interesting. All right, I won't hold too much time on that. Uh Siren up 41.8%. How's the mic? How's the music? Let me know how that's going. I have seems like a new issue with the stream daily. So if anything's out of whack, let me know. Uh yeah, plague dogs says, "Absolutely rare. Glad to witness it. Runs out the door searching the landing site." I would be I mean, [music] the little the the rocks that this guy It was like an interview or documentary. I mean,
he was getting rocks that were not very big, maybe like I don't know. Maybe 7, 6 inches, you know? And he was selling them for insane amounts of money to like scientist laboratories and stuff like that. I just need one, man. Just need one of them. All right, where else are we at? Caspa up 9.4%. As I told everybody, it really felt like a Monday yesterday. I was pretty tired when I kicked off the stream, but today feeling a hundred times better. Melissa says, "Everything is fine." Glad to hear that. All good, G. Thank you, Cam's the Thank you. Thank you. All right, that makes me feel a little bit better. So, Pippin 35.4% to the downside. Didn't it just dump yesterday? Wow, so it it it was able to dump more. Usually when you get a really big
dump like this, you know, you get a little bit of recovery even if it's going to fall some more. You at least get the dead cat bounce. This thing didn't even do that. It just kind of went flat and then rolled over. Uh Cubic down 14.9% Grass down 9.6% Humanity down 8.5% Kite AI down 9.5% Aerodrome down 5%. What is up in the 100 to 200 category? Um looks like Walrus, which is Sweet Ecosystem. Uh Ban or Comedian is the actual name of the actual crypto, meme coin, whatever you want to call it. Ban is [music] the token. And I think it's hilarious. It's a a banana duct taped to a wall. It's about stupid as you could get, but 15.4% to the upside. [music] Uh Lighter up 11%. Nothing else really all that notable. It's dropped down here.
All right, 2 to 300. We don't usually go too much lower than this. Let's toggle the list. Cuz I like to just see the, you know, how it's 1 through 100, 100 to 200, [music] so on and so forth. Next to them you have the percentage overall that that category is down. >> [music] >> It's really quick way to get a pulse on the market if you haven't looked at the market all day. It's a really good way to do it, right? So anyways, biggest 2.2% 900 to 1,000, but really in the more significant cryptos 2.1% [music] 100 to 200. All right. So everything down a little bit on the day, but nothing nothing too crazy, right? We I guess we have to cool off at some point. I said it the other day, I'd much rather see us
pump up very slowly. And so pump up kind of go sideways. And when you go sideways a lot of times you get that -1% [music] -2% nothing crazy. And then, you know, if we can hold that, go sideways, maybe [music] we can pump and then we get that nice over time, you know, slow pump up to the upside. More sustainable. [music] Anyways, Zano's up 16%. Uh Velos is up 16.2% Um Bitway, is that what this is? Yeah, Bitway up 21.9% and [music] Tria up 9.2% Safe up 4.6% Syscoin Or at least that's what I call it. I think I got it right. Up 9.2% [music] and what is down? Deep Book is down. I hate to see that. Raven down 12%. Uh Sahara AI down 5%. Centrifuge down 12%. [music] Internet Cloud Network Token What I I think [music]
I got it right. Did I get it right? Impossible Cloud Token Network. The longest name for a project in crypto, I feel like. Uh hate CCP says win moon. I just need BTC at 1 million. Yeah, I'm with you, man. I'm with you. Impossible Cloud Network Token is down [music] 10.9%. I got to pay attention to this chat. Definitely worth the money, says Reliable J. All right. Yeah, Pippin looks bad on the 4-hour and the daily and weekly just started going down, right? [music] So is there a lot more pain for Pippin out there? Let's move along to our normal price [music] rundown. Refresh it, make sure I give you guys the latest numbers. Nobody wants the old numbers. As far as BTC hanging in at 73,688 at the moment of recording is pretty good, in my opinion. Still
up 5.7% in the last 7 days. Today it's down 1.8%, but if you look at the chart and we'll just pull it up for something simple like say the 7-day. Uh let's do 24-hour. >> [music] >> Ah, I need I really would like something in between like a 2-day chart. I do kind of see like shoulder shoulder head eh shoulder maybe another shoulder maybe a complex head and shoulder. It's the only pattern I really see there. But anyways, it is nice that we went all the way up to let me get an exact number 75,632 according to this chart. And uh we're still we're still got some pullback and chilling around 73,678. So I mean compared to where we were a week ago, I I'll take it. I'll take it. That slow move up. Ethereum chart looking very much
the same. If you look above my head, you [music] will see 7-day charts for each coin right across. Uh for anybody who's new, right? And >> [music] >> of course smash that like button and make sure you are subscribed. When you come to the stream every day, it's easy to think you hit the like button when you didn't. Um B is always [music] going up, it seems. Yeah, I sometimes it's just like the wackiest tokens that continue to pump uh day after day. And it's just like B, really? It just doesn't seem legitimate. Now, keep in mind, there [music] are pump groups, there are, you know, nefarious people behind projects who are affiliated with it. There's people shilling them because they're being paid a lot of money to do so. All of that kind of stuff. [music] So, you
never know if it's organic, but if you're just trying to make a dollar does it really matter if it's organic or do you just need to be in the right place at the right time? Only problem with that is if it is a whole bunch of charades, you better get out before they get out of you, right? There you go. That sounded That sounded awful, but you know what I meant, right? You got to leave before they take everything. Uh total market cap 2.6 trillion down 1.7%. Ethereum $2,313 XRP [music] $1.51 BNB $666.43. I'm glad it's not 66 cents or it'd just be a bad omen. I'd have to just end the stream. We did just have the third [music] you know, Friday the 13th just a minute ago. A couple of days ago. Well, it's the 17th now,
so I guess it wasn't a couple of days ago. Whatever, whatever. All right, Solana $94. I I'll take that. So all the prices up a little bit from where they were like a week and a half, 2 weeks ago. Tron 30 cents, Dogecoin um almost 10 cents. Almost back to 10 cents. A really high [music] 9 cents. Cardano 28 cents. Hyperliquid $40.82 up 19.5%. Hyperliquid looking strong. Uh let's see. Monero $365. They got a dollar for every day of the year. XLM 17 cents. Zcash $269. Litecoin $58. Avalanche $10.19. Hbar a very high 9 cents as well. [music] And Sui still hanging out above a dollar. It's not on sale anymore. Memecoin $1.91. Like that. Memecoin keeping keeping the pump alive. >> [music] >> And where's that flare for the king of flare? And where's that Blues guy? I
have faith that he'll be along shortly. Uh 82. All right, still in the top 100. We're not going to split hairs when it comes to that. [music] Let's drop down to the trending coins. Ah. K rush that orange soda. That's what I needed in my life right there. Anybody else computer have like that like I don't It's like a pop-up. It's like with the It's like down in the corner where your uh >> [music] >> it'll say like mostly cloudy, the temperature, and then it like if you hover over it, it pops up with like their news stories always popping up. If you know, you know. If you don't know, don't worry about it. Um let's see. Pippin was pumping like crazy for a while. And look at it now. Every dog [music] has its day. Yeah, exactly. It's
why you got to know when to hold them and when to fold them, right? Uh hate CCP says uh there's too many of these damn coins. All our funds are too spread out. Yeah, [music] it's very true. I something that every cycle I always am like, don't buy too many different coins. And at the end of it or as I've you [music] know, expelled most of my capital, uh I always feel like I I did I should have kept it more to a couple of coins. Imagine if there was is only BTC and the entire [music] crypto market cap is in BTC. Well, we'd be bumping along, wouldn't we? Can we keep uh Ethereum and XRP? Can we at least have like three cryptos? Feel like we need three cryptos because Bitcoin don't even have really smart contracts and
it's not very fast. So at least XRP is, you know, XRP L ledger is super fast. Look at that 7-day chart for Pippin. My goodness. Talk about just sad. Not that I care cuz I I'm not a huge fan of Pippin or anything like that, but still, my goodness. And it was it was trucking along for a while pretty steady around 35 cents and a big whale or somebody must have just sold out of that thing. All right. Reliable J is saying Prove It on PulseChain Ecosystem pumped. Well, that's great because you said you had uh been really looking at some Prove It. I hope that that did really well for you. Let's talk about what's trending. Of course, Bitcoin. Pippin for all the wrong reasons is is [music] trending. Pudgy Penguins I point out is trending like every
day. Um when we asked about what was going on on Twitter yesterday, ChatGPT told us BitTensor and AI. BitTensor really leading the charge there. No surprise. I think BitTensor is probably the most notable AI project. Probably the most serious. If you've been coming to this channel for a while, we will go to the BitTenser website. We've done whole videos on BitTenser and things like that, and I do have to say, um they seem the most serious. And also, their website is the most boring. You know how I feel about websites, everybody. Hyperliquid. Pi Network, Solana, XRP. I was going to read it to you like I was doing the price rundown. Sometimes I forget where I'm at. All right, Anchor Network. That's probably worth looking at. Siren. It's newer and things, and it keeps staying relevant and pumping. It
just seems like a I don't know, like a AI agent mixed with a meme coin, but I used to always say that that's what, you know, crypto really needed. So, guess I have to eat those words. Aptos, Drive, Ethereum, Aster, and FET. Love to see FET in the conversation here. Let's talk about Anchor Network. Now, we've talked about it before. I I certainly remember this. Well, look at that candle. It's on the 7-day, but woof, that's nice. Yeah, that's a nice candle right there. I mean, there's a lot of zeros involved, so it might confuse some of you, but .0047 to where it is basically now .0059, almost .006. 59.5 [music] million in its market cap, Ethereum contract, a whole lot of other contracts. We got nodes, Scroll, Phantom, Lena, Polygon, [music] ham, spam, potato. Oh, no, okay, that's
not what we're doing. Yeah, it's all of them. It's very interoperable. Uh DePIN, rollups as a service, liquid staking made in the US. I don't know when they say it's like made in the US. It's like, it was created online. It wasn't like physically made anywhere, but uh we'll take it. We'll take it. If it helps me on my taxes at [music] some point that a crypto is made in US, then I'm going to take it. That's that's good for me. All right, we're caught up on the chat. So, Anchor, build any Web3 project with leading performance. [music] The fastest, most reliable connection to Web3. They're they're touting some analytics, 99.9% uptime, but what about that other What about that missing percentage there? What's [music] that about? Um complete rollup and side chain creation, seamless staking experience and integration,
a world-class DePIN to power your projects. What does DePIN mean, anybody? 8 billion daily RPCs. Yeah, we could get really techy with some of these analytics, but I don't think you guys really care too much. So, Anchor provides comprehensive suite to power Polygon with global RPC nodes. Binance uses it for engineering services, overhauled BNB chain performance. Uh let's Mantle maybe. Central to Anchor service offering was global reach. So, it seems like they're very much in the back end of a lot of things. That could be really useful. I always say a lot of the same thing when it comes to these very techy projects that like actually do something, and therefore they probably charge some kind of fee or service on the back end to whatever companies that they're dealing [music] with. Does any of that money go into
the into the market cap? Because I could care less how well a project does if they don't have a burn mechanism, a way of making it deflationary, which would be like a burn mechanism, or something else. [music] Um you know, buybacks. Like if they're not doing something for the price of their token, then I could care less about how [music] much money them and their shareholders are making. Just be honest. It's about price go up. It's about money in my bank account. For most people, that's all they're looking for. That's all they see. And so, when you look at a project like this, you're like, "Wow, that's really cool. They're using [music] in the back end. They're probably going to make a bunch of money from doing what they're doing." That doesn't mean any of it will go into
the market cap. So, when you get real bullish on something, even though it's not fun, you got to dive into that white paper and figure out how the money flows. But either way, it's got a nice pump there. See if it can do anything as far as tomorrow goes. Uh or is it just going to give it back? Cuz right now, it's holding it pretty good. Decentralized physical infrastructure network would be like Helium. Reliable J for the win. Reliable J gets a point. Yes, exactly. Uh decentralized infrastructure, for sure. He even went further and put physical infrastructure. Nice. All right. And he is right. Um let's see. I don't want to talk about Siren, but I feel like I have to because it's been relevant for too many days now. And look at that thing. I mean, I guess
there's like a shoulder head and shoulder, but it kind of looks like it's flagging out. So, 532.3 million in market cap, chilling at 73 cents. Go to the max chart. Hasn't been out very long. I remember when this thing came out, February 18th, 2025. [music] A billion max supply, 728.2 million circulating supply, uh BNB contract, [music] so BNB native. Uh siren.ai.me, or sorry, sirenai.me is the website. AI analysis agent. First AI analysis agent deployed on BNB chain. Siren sings will guide you to treasure islands of crypto. I've a long time said that like AI agents plus meme coin style hype, community, attention-grabbing is is great. But then, when I actually see it put together, I'm like, I don't like it. >> [laughter] >> So, I don't know what to say about that. Um step into the Maybe I just
don't like how they did it here. Um what's with the underwater in the in the dolphin? Like, what are we doing? Go to the dapp. Before we do, uh step into the mystique of ancient lore reimagined for digital age of sirens. Draw Okay, yeah, we're not going to No, no, no. [music] We're not going to talk about silly stuff like Greek mythology. Um not right now. We're supposed to talk about crypto. Hi, we're the siren sisters. So, you have a rational and an imaginative You got the creative one and like the rational smart one. I know which one I pick, the [music] the rational smart one. I don't want the the emotional crazy imaginative one. And moving onward. I I clicked awaken, but it it it's it's not doing anything. All right, this is like the last experience I
had with this website. It doesn't do anything. It's why I wonder why things pump like this. Like, does anybody actually trying to use this thing? Cuz it doesn't work. CEO of Helium mad at me on X because [music] of my opinion was the people's network, and now it's like for businesses only. Been mining Helium for years. Wow, you went you went you went right at the CEO of Helium. Good for you, Reliable J. And they probably did um they probably did make it sound like it was going to be the people's whatever and got everybody on board, be a part of the network. And then once they had a network, they were just like, "Let's sell it to the highest bidder. What commercial, you know, big business wants to come in and give us a bunch of money?" That's
usually how it goes. Even if that's not how they set out to do, some advisor gets in their ear and is like, "Listen, you could sell this to, you know, the big players for tons of money." He came at me was crazy. I'm going to have to check that out. I'm going to have to check [music] that out, Reliable J. Is that on your Twitter? I'm going to go look at that at some point. All right. CryptoRank, where we look at the Fear & Greed Index for one, [music] but I'm also really loving this altcoin index. Now, the altcoin index seems highly sensitive, [music] in my opinion, because we we've had a little bit of a nice little bit of a move with altcoins. I'll give it that. But like, should we be this far in a so-called altcoin
season? I don't want this thing to tell me that we had an [music] altcoin season when we didn't have an altcoin season. That's basically what I'm getting at. But yesterday, it was 54, now it's 56. Fear & Greed Index today is at 26, yesterday was at 28. So, they're moving like in inverse directions there. Uh that's messed [music] up. Yeah, it is. I agree, Melissa. All right, in the house is Blues Guy. Said, "Thank you, everybody. Much appreciated. Glad to be here and grateful to have [music] so much community full of happiness." Absolutely. Uh thank you, kind sir. Much obliged. Full of appreciation and gratitude. Uh love the enormous IQ people. Keep it up, brother. Respect. Absolutely. Thank you for being here, and thank you for always coming in >> [music] >> with all the hype and positivity and
gratitude and excitement. I appreciate it, big time. All right. So, let's see what we're talking about today. Make it the top 20 and not the top 10 here. Pudgy Penguins and Pepe being promoted. Um I think it's wild, this promotion thing they have here, because even even like 200 points is like $200. I don't know. Why would you drop $200 on this unless you really had that kind of bank? Bondex [music] we talked about yesterday. ID operating system we've been talking about for a few days. Sweave, Blue Whale or Blue AI gives away what it's for. Zama, fully homomorphic encryption. Obol Technologies sounds like it's from a book. What was the What was the name of that book? That had literally was named Obol, >> [music] >> not the book but like the people, whatever the book was about.
They had Obol Technologies was like the company. May Is that where they got it from? I'm not sure. Probably. Assiduous. Huh, is that the old one or is this like a new one? It looks like it's spelled slightly different. We'll get into that. We'll get into that. Camp Network, Civic, Sentient. Oh, Celestia TIA haven't seen there. Dent Dent, I have no idea why this thing's pumping. Um kind of Kind of seems to me like the first Helium. Uh Avantis, Puffer Finance, Helium. Oh, so it's in [music] there too. Uh Dimension and LA or Lagrange Labs. All right. Uh there's quite a few things here to talk about but I didn't want to spend too much time on them. So we'll just touch on some of these things here just to make sure we're doing our job and you know
what things [music] are. Bondex is a Web3 I did this last time. Web 3.0 talent network where users own part of the ecosystem [music] via tokenized rewards. And if I'm not mistaken, the chart looked awful. Uh yeah, the 2nd of June 2025. Wouldn't that long ago. It's less than a million dollars. And it has an all-time high market cap of 35. I'm going to go out on a limb to say it rather doesn't work, didn't deliver, nobody knew about it, or somebody sucked all the liquidity out of it. That's all I can think about cuz it is just just dropping off a a ledge and I don't know why it's even trending. ID operating system, well, it's exactly what you think it is. Is a decentralized storage and access management network specifically designed to store users' data so that
they can know who you are regardless of how you try to hide who you are. I assume that's what it's about. The 5th of March 2026, 5.5 million, been as high as 17 million. It's almost lower. Let's see. Almost lower than its lowest. If you know what I mean. On market. There you go. So are we just like falling wedge for this thing? Wrong tool. All right, let's get the right tool here. Like are we we doing like one of these? It's like channel. I wouldn't even call it a wedge. And then what's even the measured move here? I don't even know. Can we You can't pull You can't can't pull that whole wick. That just seems very irresponsible. I don't know. I wouldn't trust this, guys, but um that would be insane if it did that again. I
guess if you were going to be like more responsible and this is like TA on a on a crap coin, so with honestly very little data. This is a daily chart. And it is getting on my nerves. It's not letting me grab the line. There we go. So what, you might get back to like 4 and 1/2 cents from where you are at 2 cents? We'll double up. I wouldn't count on it. All right, let's move on. I don't think anybody cares about ID operating system. It's like that one that was called Sign. [music] I believe yeah, it was Sign was the ticker or the name of the project and they just wanted to work with governments for CBDCs. I'm like, what a what a traitor to the people. Blue Whale AI. I don't need to explain [music] Sweave.
You know what Sweave is. Blue Whale is a Web3 wallet analysis tool that enhances user experience using personalized AI and contextual [music] data. Let's jump to the weekly chart. It's lost pretty much all of its value. [music] Uh 20th of October 2025. Right now it's almost 8 million market cap, been as high as 45. And uh I don't know. Is it just going to round out here? Kind of have this uh the W. Looks Looks more like butt cheeks. Is that a pattern? Where's all my TA people out there? Obol Technology. Obol Network is a distributed [music] consensus protocol designed for proof-of-stake Ethereum. Let's go to the weekly. Uh the 5th of May 2025. 2.7 million. I've been as high as 47. I don't know what's with a lot of these these coins that they're giving us is trending.
I mean, they're rather heating up and they're about to all really really really pop off or just some junk that for some reason is trending. [music] I can't say that I fully understand it. Let's go to their website. Advancing the infinite Ethereum economy. I mean, I feel like I like projects like Gwei probably better than this. Uh Obol secures and powers the Ethereum economy. I mean, a lot of people working with Ethereum, a lot of people trying to make Ethereum even better. I get it. We went over I'm going quick cuz we went over this. Do you remember the staking in-game? Um Obol distributed validators are the most resilient, so they say. I went over this a lot yesterday, so I I'm not going to spend a ton of time here. The Ethereum economy is set to grow to
trillions of dollars is what they believe. Obol devs are built to secure that value. What's the difference, you know, between an Obol dev and a regular Ethereum dev? Are there other devs? Is this like dev games? Are they all competing in some kind of crazy competition that none of us knew [music] was going on? I mean, in in some way, probably. BitTensor, all about AI. If you don't know what BitTensor is, need [music] to raise that crypto IQ. We have Solidus. Uh let's see. AI tech. I feel like this is old, but let's see. Yeah, it looks that way. Let's go to the weekly chart. Yeah, okay. This is not new. This is what I thought it was. Uh the 1st of March 2024. Market cap 10.6 million, been as high as 215 million. I mean, this thing got
crushed. And there was a bunch of these AI agent AI type [music] things that were like posting on Twitter. I can't remember if this is one of them. Uh Solidus AI tech aspires to lead the democratization [music] of AI constructing the technology that will foster safer, more interconnected communities. I don't know why I read that so slow. Let's go to the website. I I really don't want to consent to anything. [music] I just wanted to look at it. Yeah, pretty sure this thing posts on Twitter all the time and then all of a sudden it just kind of died off. Like it just kind of quit posting. Very interesting. It was supposed to be giving us that alpha on Twitter and then it just kind of stopped doing [music] it. Camp Network, we talked about this yesterday as well.
Camp Network is a layer-one blockchain for digital identity and [music] IP in Web3. So let's go to the weekly. Looks like the [music] 5th of August 2025. 5.5 million, been as high as 528 million. Oh, how far it has fallen. Let's go to the website. [music] Built for the future of AI and IPs, very common narrative. Um I can't say that Camp seems to be in that conversation [music] most of the time. Camp Network is a layer-one blockchain built to modernize intellectual property infrastructure and power the next generation of AI agents and verifiable IP. I get the use case. I think most people would want to get away from it, but I don't think you will. I think it's going to be a requirement as the whole AI agent thing kicks off. And who wants to be responsible for
what an AI agent does? Uh if your AI agent goes rogue and uh or is being kind of like shadow controlled by someone else cuz they designed it and you're just using it, then it does something crazy and it's like registered to your IP or your digital ID, and then like what, you got to take the wraps for it? That would suck. [music] Civic, ticker CVC. Civic is building an ecosystem that is designed to facilitate on-demand secure and low-cost access to uh identity verification. So another ID. [music] And it's funny when one thing seems to run, we seem to get several projects that run together. I mean, are we about to see a run for like digital ID coins? That would be really, really weird. Uh let's see when this thing came out cuz I I have the feeling
it's not a new token. Yeah, this is the weekly [music] chart and we got candles monthly. Yeah, there we go. As far back as the 1st of August uh 2019. 25 million in market cap been as high as 630 million. It was a different time back then. And it's not really worth going over. It's another ID verification coin. Sendian, of course, we've been over a bunch. Uh Celestial Dent [music] is just some old Here, I'll even read you the description. Dent Wireless digital and global mobile operator. So, like the first iteration of Helium, I guess it was. Uh Avantis should know what this is, right? Decentralized leverage platform. It's one of the ones that really kicked it off and then that last big run for uh decentralized exchanges and then it kind of faded off and we didn't really
hear about it anymore. And that is Avantis, [music] but it it was Avant. And it's uh it's coming back, I guess. Of course, Puffer [music] Finance we've been over. Puffer Finance is on the Ethereum chain, I believe. Yep, Ethereum. You'll recognize [music] the website. I always say it looks like it should have been built on Sui cuz they went with the whole ocean and fish thing. That's Sui's thing. That's not Ethereum's thing. Anyways, we looked [music] at their app, right? Um you can get, you know, quite a bit of return for locking up with Carrot, which I remember when Carrot was like all the buzz and I haven't heard about that in forever. They got a swap here. You can stake it. You can put it in vaults. They got a bridge. It's all very typical um financial crypto
financial uh project, I guess you could say. They usually have a vault. They have a swap. They have a bridge. And uh you can stake it like that that's usually all the same things there. Oh, I'm on the wrong page. I was like, what am I looking at? That was not the list of coins I was looking at. Says, "Man, I so love the deep dives and talking points. This channel is off the charts. [music] If you like learning and having fun, Underground is the man. Welcome in that house." Hey, appreciate you hyping [music] us up. Saying kind things about me. You shouldn't have. You shouldn't have. Uh but keep it up. Let's go over and do our crypto story. Let's set the foundation for what we're going to be talking about. All the what's trending, keeping up with
[music] the price and things is a lot of fun. I agree. I like to do that. I like to continue to stay on top of what's going on in crypto. The more we heat up, the more valuable it's going to be and probably the more intense a lot [music] of that deep diving is going to get. But let's not forget we need to raise that crypto IQ and [music] learn as much as we can about how all this works in hope I hope that it's going to make people a better speculator in the market without me even having to give them financial advice cuz I don't do [music] that. All right. Talking points. For years people assumed that scaling crypto meant making blockchain faster, [music] increase throughput or speed, reduce the fees and process more transactions [music] directly on
chain. How many people remember what we talked about yesterday? How many people remember what we talk about like just one day to the other day? Anybody? >> [music] >> All right, cuz we are building on what we started on Monday, the beginning of the series. We do a weekly series for anybody who's new. So, increase throughput, reduce fees, process more transactions directly on chain. But as usage increased, developers began to realize something important, scaling. And why is this such a big deal? Why are we talking about this? Why are we talking so much yesterday about us going back to kind of the beginning and how things were and why they were doing what they were doing, decentralization, the 2008 collapse, like all of that stuff? Well, because some of these problems are still [music] problems. Scaling. Scaling has not
been solved. How many projects do we look at trending and new projects being launched and coming out [music] that are literally all about privacy scaling? We see it on so many projects. Privacy scaling, privacy and scaling. Some are just scaling. Some are just privacy, but most of them have privacy and scaling for Web3 [music] in their description. Uh I can't remember what I had for dinner last night. That's because you didn't have anything for dinner, Blues Guy. That's why you can't remember. Um scaling a decentralized system isn't just about speed. Every node in the network must verify [music] transactions. If you increase throughput too much, the cost of running a node increases. And when that happens, fewer people can participate in maintaining the network. So, you have like this whole trade-off thing going off where like if you make
it really, really high-tech like a huge amount of throughput, well, then you you hurt decentralization because you want regular everyday people in some regard to be able to participate or just a large majority of people to participate. The more you make the price to be a node operator [music] and the tech that goes in it that you need, the more you're limiting who can participate in the network and overall that hurts the security and decentralization of the network. So, how do you balance that with trying to improve and get faster? And when that happens, fewer people can participate in the maintaining the network. This creates a trade-off between scalability and decentralization, right? If you go up on one, the other one goes down. It's like a balancing beam. [music] Instead of pushing these limits, developers began exploring the different
approach. What if the blockchain didn't have to do everything? What if it only handled security and settlement while other [music] systems handled execution? This idea led to the development of rollups and that is really what we're going to be dialing in today. So, [music] if you were just thinking the other day you were driving home from work and you were thinking about crypto and you were like, "Man, rollups. I remember those fruit rollups from when I was I really wish I knew more about rollups." Then today is your day. It is divine appointment. Rollups process transactions off chain where computation is cheaper and faster. Then they post compressed data or proofs back to a base layer like Ethereum. So, if you wonder what a proof is in a rollup, um and I I don't hear anybody honestly giving good
explanations for this stuff. I had to figure almost all of this out by myself even though I've watched crypto YouTube for years and years and years. Rollups is like when you take a large batch of transactions and you're rolling them up like into one much smaller transaction. You're compressing them into one transaction that when it becomes verified on the main network, right, it will also verify all the things that are compressed in it. Now, the actual proof, right, they then post compressed data. So, that compressed data itself is the proof. Back to the layer one like Ethereum. So, this is in line with rollups, proofs, layer two type [music] advancement in blockchain technology. Uh this allows the base layer to remain secure and decentralized while the rollup handles large volumes of activity. Honestly, this integration was genius in its
own right, right? Is it going to be the way that we do things forever? Probably not because new problems arise. Every time you fix something in blockchain or a new [music] technology, it seems like three other things break and we have to figure that out as well. So, over time this model has gained [music] traction. Instead of competing to build faster blockchain, many developers are now building layered systems. Rollups are becoming the execution environment where users interact with applications. The base layer becomes the foundation that secures the entire system. This shift represents a fundamental change in how crypto infrastructure is designed. Rather than scaling one endless chain, the industry is moving towards networks composed of multi [music] layer working together, aka modular blockchain. So, why are rollups even necessary or why did they become necessary? Early blockchain, now that
I got you, let's just lock in, right? We just get through this so we can raise everybody's crypto IQ. And uh I love this stuff. Who else loves this stuff? Throw a 111 in the chat if you actually love knowing about what the heck you're talking about in crypto. Like when people say, you know, Polygon was a great buy. I don't think anybody's saying that. But there was a time when Polygon or Matic was a really hot token that a lot of influencers and people were talking about. This technology was really making a big difference in blockchain, you know, networks and everybody was pretty bullish on it. Shout out reliable J. Thank you for participating. Blues Guy, my man. Um so, yeah, let's talk about it. Why rollups became necessary in the first place. Early blockchain struggled with scaling.
It was the biggest issue. Increased block size or throughput often reduced decentralization. And of course, again, repetitive, anytime you see through throughput, just think speed. Rollups emerged as a way to scale without changing the base layer. So you could scale, but you didn't have to like change drastically the base layer in in how it worked in the consensus. Melissa said, "Absolutely. Shout out my people." Thank you very much for participating in my roll call there. So, what a rollup actually is. And a lot of times in crypto when I see a lot of influencers and people talk about this stuff, they kind of just glance over. They're just like, "Oh yeah, this this rollup or whatever." Or they'll be like, you know, uh base the layer two, but they don't ever really slow down to explain it. And I
don't think the average person has any idea what they're talking about. So a rollup is a system that processes transactions off-chain and post data back to a base layer, like Ethereum for example, for security. It rolls up many transactions into a single batch, right? Or compresses them is another idea that you can think of, but rolls them up is better because it's in the name, right? Execution versus settlement. So rollups separate execution from settlement. So execution happens on the rollup. It's executing when it grabs a large batch of transaction and rolls them up or compresses them, but that is just execution. That is not settlement. Cuz it is going to happen on the layer two. So where the transactions are being gathered up and compressed into like a mega transaction, right? But a single one, that is on the
layer [music] two. But settlement itself is going to happen on the layer one. Settlement and security are by the base layer. Optimistic rollups, I love this topic of optimistic rollups because if somebody were to pitch this idea to me, I would have been like, "Get out of my office." That's how I mean, you know, like how else can I say that? I mean, what does the word optimistic mean to you? Think about it while I hit the soda. I can't stop chugging this orange soda. Don't worry. Don't worry, it's sugar-free. Um opta and it's not like aspartame either. Not that you guys care, but I it's for me. It's for me. All right. So optimistic rollups. Optimistic rollups assume transactions are valid unless challenged. I wish my bank would do this type of stuff. Like we just assume that
I have what I say I have unless somebody challenges [music] it. I have far more money in my bank account than I actually do. Um the bank would never optimistically rollup. I just love the idea of it. I don't think it was a bad idea. I think that they didn't have a lot of options. And this one really wasn't as bad as you think it is. All right. But at the end of the day, they were just being optimistic that transactions were actually valid unless somebody [music] came back and challenged them. They rely on fraud proofs to detect invalid transactions. Now, what a fraud proof is, I don't really know. We just talked about proofs. I understand what a proof is, but what is a fraud proof? [music] Hopefully they tell us. Okay. So then came along ZK or
zero knowledge. And it's all really in the name, zero knowledge rollups. So ZK rollups use cryptographic proofs to verify transactions. They provide faster finality, but require more complex computation. So they're more effort, they're more uh resources, but they're much better and the verification of the transaction is far higher quality than optimistic, right? Cuz you actually get to know for for certain. And if you're not sure why it's called zero knowledge, it's because they can verify a transaction's validity if it is legitimate, to say it in another way for anybody who doesn't know what validity means, but they don't even have to actually know what's in it. It's very interesting. One day I'm going to deep dive some [music] actual ins and outs of zero knowledge because I am just wondering how in the world do you verify that something
is [music] what it says it is without any knowledge of what it is. Like what's in it. Like if you have a transaction and it says, "I'm sending >> [music] >> $100 from, you know, this wallet to here, this wallet this other wallet or the centralized exchange." And they can verify that in fact that transaction [music] is legitimate and that it does have $100, right? It's valid. [music] It's not fraud. And um and it and it never even actually looks to see if there's $100 there. Very interesting. >> [music] >> So why rollups scale better? By batching transactions and reducing on-chain computation, rollups significantly increase speed, throughput, speed. [music] They also reduce fees for users, which is really awesome. So you got to think of this, right? And I don't really know how many um I don't really know
how many transactions are in a typical rollup, but you could have 10,000 [music] transactions on the layer one, the main network, and each one of those transactions would have [music] its own separate fee. Well, when you batch up 10,000 of them, 1,000 of them, whatever amount, then they get processed as one transaction and that has one fee. [music] That reduces fees greatly. Now, how much you can actually rollup in a rollup, I'm not exactly sure. Uh Blues Guy says, "I care." I know you do, bro. He says, [music] "If it's not aspartame, what is it?" It is uh stevia. Or I like to call it Zevia because [music] that is the brand of drinks, but it doesn't actually start with a Z. Um it's stevia. All right. So the rollup centric future. So future is rollups. Many developers now
believe that the future of Ethereum and other ecosystems will be built around rollups because of how effective they are. >> [music] >> And when you when you bring in zero knowledge technology to replace optimistic, some of them use it side by side [music] in different variables. Most of them uh projects that I see have moved away from optimistic to zero knowledge for very obvious reasons if you understand [music] what we're saying here. And they then also reduce the amount of cost per fees. It's actually a really great combination. Base layer becomes the security layer. So basically, to reiterate, like this is the idea of re-staking. And we're seeing re-staking kind of popping up everywhere. I think it's an awesome idea that I can stake something and then I can go re-stake the same thing I already staked and earn
even more. That's an awesome idea. Blues Guy. If you don't already know, I want you to do a little bit of homework for me. Where can you do re-staking in the Flare network? And I bet he's already going to know the answer to that. But is there re-staking in the Flare network? A lot of the re-staking that I see is very specifically on Ethereum. Anyways, [music] rollups handle execution. So the base layer is security and the you know, layer two or rollups handle the actual execution. But what are the challenges for rollups, right? Cuz like I said, when you fix one thing, it's like three other things break. And so, what are the challenges? What are the drawbacks? We told you all the great things about it. So fragmentation, rollups introduce new challenges. Fragmentation. >> [music] >> What is
fragmentation? It's like if you take a piece of glass and you smash it with a hammer, um it is now fragmented into a lot of different pieces. That's fragmentation. Uh bridging complexity. So more [music] intricacies and difficulties when bridging because, you know, a lot of times traditionally monolithic systems, Bitcoin, Ethereum, stuff like that that are not modular, when you're bridging an asset or something, it's it's pretty s- linear, right? You're just bridging straight from one to the other. Um we could get into that, but this is this is not a show about bridging. But anyways, it makes it more complex because with layer twos and things like that, you have a lot of modularity or multiple chains working in a network versus just one linear monolithic chain. Uh liquidity distribution, right? Cuz where's the liquidity going to go? It's
not all directly on the main chain. Some of it's going to go into the layer twos and stuff. And user experience, of course, can get a little bit jaded. Let's see. Uh I was looking for Zevia sodas, but I can't find none in Canada. What is What brand is it? Every morning I put Zevia in my coffee. Yeah, Camster, that's funny. I I do that a lot of times as well. See if I can show them here. Zevia. So it's like [music] stevia, but with a Z. And I love these things. You got, of course, carbonated water, natural flavors, and Zevia leaf extract. That's it. And they have a ton of flavors, right? Ton of flavors. I love the vanilla [music] Coke. It is it is fire. All right. All right, Blues Guy's answering my question. Let me finish
up this last one. So, what's the core takeaway here? Rollups represent a shift in how blockchain scales from doing everything on one chain to distributing responsibilities across layers. Now, I just had this thought. For a long time now we've been doing these talking points, been raising that crypto IQ, but prior to Well, we've always done that. But prior to doing a series, I used to just come up with a topic like every day. And I think next week, I think I'm going to do a series on ecosystems again, cuz we haven't done [music] that in a while, and I love those videos. I love doing videos on ecosystems, like, you know, the sweet ecosystem or this that and the other. At that point, we had done a lot of them. So, we really want to pick maybe some more
cutting-edge stuff that maybe is a little more new and on, you know, base like base layer. Base has always got new [music] projects and things coming out. We should do that. That would be a lot of fun. Uh Campster says, "I'm hooked on Diet [music] Pepsi. Have like two to three cans a day. I should get off the aspartame." Yeah. Yeah. Uh aspartame [music] as far as I understand is um you know, very linked to Alzheimer's and stuff like that. Definitely [music] want to get off of that. We're Zevia. Now, this is probably way more in-depth, [music] but hey. If I do crypto IQ, um you know I'm somebody who likes to deep research stuff. Zevia, like, I tell people about these Zevia sodas, and everybody says the same thing. They're like, "Oh, Zevia, I hate the taste of
Zevia or Stevia." The brand is Stevia. [music] There's three different Zevia Stevia. I see, I'm just stuck saying Zevia. I like it better. [music] Um there's three different extracts from the plant, Stevia. And if you've ever grown Stevia, which I have many times yeah, it's a trip. Like, you take a leaf, right? And [music] you pluck it off and you eat it, it tastes exactly like sugar. The whole plant tastes like sugar. I'd literally just eat the plant because it just tastes like sugar. Um and you know, if you do a lot of growing things, you're walking around out there watering stuff. You You typically grab a leaf or something off of different plants and eat [music] them um just cuz you're bored and you're out there watering all your plants. But anyways, so they have to extract that
sweetness. The first two generations [music] of extract that they had were kind of weird. They were kind of wonky. The Zevia brand uses [music] the new version of it, much better. Now, when you first start drinking them for a day or so, you might have a faint taste of Stevia, but the the newer generation [music] of the Stevia extract uh is so much cleaner and so much more enjoyable. The old ones, I could not stand to drink them, and [music] that's why I understand why a lot of people say they hate Zevia drinks because they haven't tried the new extract, the latest extracts. That would just really just sound like a straight-up drug. It's a plant, everybody. >> [music] >> It's not uh it's not just a chemical made in a lab. It's It's actually [music] a plant. I've
grown it. All right, welcome to chainers. Somebody uh Somebody like Somebody like chainers? the word tame in it. Yeah, right. That's a good one. I like that reliable J. It has the word tame in it. Yep, aspartame is poison. Exactly. Spindrift, reliable J. I love Spindrift. Um every time I go to the Lifer's house, there is just Spindrift everywhere. I mean, he's got multiple mini fridges all over the place. Like, one, two, three uh yeah, at least three mini fridges full of them. Uh and it and they're He's got like every flavor. It's amazing. Uh yeah, as >> [music] >> uh Spindrift juice water in a glass, of course, in a glass specifically >> [music] >> um just for Blues Guy, no plastic. Um and coffee out it. Yep. I'm with that. And I mean, coffee, espresso, same thing.
I I love me some espresso. All right, I've been growing some things for a minute, and I haven't haven't sold any of them in a while. So, let's do that. Uh Blues Guy, what's up, man? Says, "Underground." [music] I know what that means. Yes, I asked you a question, and you you did answer it, and I kind of walked right past it. I apologize. Thank [music] you very much. Said, "Restaking compounding, you can restake earned rewards by withdrawing them [music] at the end of the staking period and adding them to your stake or by using a liquid staking approach. The whole platform is about staking and restaking." Hmm. Did you copy and paste that from somewhere, Blues Guy? Because the part that doesn't make any sense to that point is the restaking. Because in my mind, and maybe I'm
wrong, restaking should be I stake a coin, and it's still staked, right? It's [music] not over. It's still being staked. And And then I get a wrapped asset or some kind of something that shows that that that I did that, right? I get some kind of token. And then I go stake that token that it gave me somewhere else in order to restake. If If I'm staking something and then it ends, and I just take it, [music] withdraw it, and then I go stake it somewhere else, I'm not restaking. I'm just staking it somewhere else. Um earn rewards, restake [music] them. Right. That you're I think you're talking more about like compounding the stuff that you stake, like stake, then say you get some kind of >> [music] >> um money from staking it, and then you take that
money and you go stake it as well, compounding your staked interest. Um they'll do that [music] on things like Like, I'm doing that with Solana on uh Coinbase. All right. [music] Uh restaking them win again, restake them compounding again. Yeah, that's com- That's compounding though. [music] That's not restaking. Please go up and text [music] that answer. Yep, I did that. Yep. I'll have to show you, bro. Yes, FXRP. And extra Okay. Okay. No, you I mean, you would be right. Let's see, FXRP. I guess you would be right on FXRP. Cuz you're staking your XRP, but are you That's not restaking in my opinion because you you you mint you lock up your your XRP, and then you mint FXRP, but are you earning a reward for that XRP on the Flare network? I'm pretty sure you just lock
it up, and then it mints you a wrapped version so that you can use it in the Flare network. You stake XRP, it becomes FXRP. Okay. Right there, what are you earning APY on XRP? You stake FXRP, it becomes STXRP. Yes. I definitely understand that part. Right. And I mean, I guess that would be I guess you would be staking it, I guess. To me, to me, in order to be staking, you have you need to earn a reward. Like, if you're not earning a reward from [music] it, then I don't know if I really consider that staking, but at the same time, it's probably not definitionally the definition of um of staking necessarily. He said, "Stop talking and listen." Hey, I have to do something to keep the show going uh while I'm waiting for you to type.
I've read everything you type so far. I can't just sit here in silence while we wait for you to type things, man. The show, it must go on. But I'm watching I'm looking out for whatever you put in the chat. Going to hit a round of panzer dogs. It is 9:41. Feel like the stream's been going fast. Today, I wasn't even trying to do a quick stream. It just kind of wound up being what it was. Am I getting faster, or is there less stuff to talk about? I don't know. I feel like there were plenty of projects to talk about today. He said, "No, I mean about Flare." Not talking literally. LOL. Sorry, bro. Miscommunication. You're all right. Hey, sometimes you do have to tell people uh stop talking and listen to what I'm saying. Sometimes [music] Sometimes
it's called for. I wouldn't be mad. There's plenty of times that I've told people just stop arguing and listen to what I'm saying, so you at least know what you're arguing about. And by some people, I don't mean my wife, ever, cuz she's a saint. And I know all of you guys, your wives are also saints. And they don't ever argue. And have no idea what you're actually saying. That never happens. Let me just gaslight you real quick. Ooh, write novel. Got him. Yeah, I got you reliable J. As soon as this game's over, I usually start around get everybody excited. Can't shoot the broadside [music] of a barn over here. What is going on? I'm just clicking, not aiming at all. Got him. Yo, this guy has so much health. What the heck is going on? Uh, you
let him get the flamethrower? Oh, no, we have the flamethrower. Shh, shh. I guess what I was saying about re-staking was I feel like you have to be earning yield from your staking in two different places. But once I said that out loud, I'm like, well, maybe not. Like from the definitional standpoint of of re-staking, maybe you don't have to earn yield on both of them. Camster says, don't get me started on my wife. No matter what I do, she won't get along with my girlfriend. I used to have that same issue. >> [sighs] >> Not even kidding. I I I literally used to have that same issue. But um one is easier. Let's just say one might be the loneliest number, but lonely has a lot less of a headache, if you know what I mean. All right.
I'm stacking. I'm trying to get to 10K. Probably not going to happen tonight. I'm supposed to be inviting reliable J, and I'm just like talking and staring at it. Come on. Melissa says, you have girlfriends, Camster? Good for you. Hey, we're happy for you. We're all very happy for you. I don't know what kind of you know, polymorphic, pansexual thing you got going on, man, but more power to you. I love the memes. And anybody seen the memes where it's like pansexual? It's like a hot chick like licking a frying pan. And it's like literally what I thought pansexual was my whole life. I don't even know if I'm allowed to say that on YouTube. Who knows? I don't even know anymore. Nobody gives me a printout of the rules. Um I'm sure they're somewhere in YouTube, but who
who It's like reading the terms and agreements. Who reads the terms and agreements? You only care later on when you realize you should have you should have read them. No, she doesn't let me. What a buzzkill. Ah, I feel you. It's a tough life, right? And they say happy wife, happy life. And um I say that is horrible advice. Cuz there's no guarantee she's going to be happy. No matter what you do. Whenever I hear people say like happy wife, happy life, I'm like, you're just one miserable person, aren't you? I know you ain't happy. I have a lot of customers who are older people. Um if anybody doesn't If anybody doesn't know anything about Florida, >> [snorts] >> there's a lot of old people here. And when you run a business where basically you solve problems or fix
things for people, older people tend to be your main clientele. Just naturally, because they're the ones who have all the money. No, it's because they're older and they can't do things for themselves. Right? Uh but anyways, I hear that one from all the time. Happy wife, happy life. And they're always like the people who do not have any say in anything that goes on in their relationship. Or it seems like. I don't know. I don't want to make a complete inference, but it certainly seems that way. When it comes to what we're doing for the job and how much money we're going to pay for it and when we're going to pay for it and how they're going to pay for it, uh they're not the ones making that decision. And I think it started somewhere with the happy
wife, happy life thing. And any women who are listening are probably like, Sky is horrible. He's atrocious. Get him off the airwaves. All right, Blues Guy. He's going in deep on the re-staking, I guess. I mean, I did ask him to do that, to be fair. I thought he was going to give me an answer like, yeah, uh Spark Decks. >> [laughter] >> Yeah, that's hilarious. Hate CCP says, happy cocaine, happy everything. Uh Jerp, that's one way to to to take that. Where is this meme? I'll start using it. Um I I mean, I don't have it on pulse, you know, I don't have it like immediately to whip out. Uh but that's pretty hilarious. Um when you put your flare All right, let's get it let's get into this for a second. When you put your flare on
the network and add it to a liquidity pool, it becomes yield generating. Okay? It's staked. Then with a backslash in it, the yield generated from it, you can choose to withdraw and or re-stake it. Okay, that's not re-staking, though. That's just taking your profit and doing it so and putting it somewhere else. But let me finish. Let me let me read the whole thing. When you put your flare on the network and add it to liquidity pool, it becomes yield generating. It's staked. You earn flare token. And you also earn XRP. Right, but you earn those. The I like they're not staked. You could stake them and compound your staking, but they're not staked yet until you choose to do so. Some things do have protocols where they will compound your staking on Solana. Um on Coinbase, it does
that. It takes whatever I earn and automatically you know, puts it back into the pool and stakes it, which is fine, but that's still not re-staking. You earn flare tokens, and you also earn XRP. Then you can choose to withdraw and re-stake. Um Blues Guy, that's not re-staking. That's just staking what you earned somewhere else or compounding it in the same place. Uh when you put XRP and mint into FXRP, it generates yield. Your exit Yeah, your XRP is stored, right? I I got that. FXRP generates yield, and then the yield gives you S Flare, which is staked version of Flare. You earn on both. Same the Okay, see, that actually seems like re-staking. The last one you said it sounds like re-staking with the XRP, right? And then you get FXRP, and you can get a yield on
that. And when you do that, it gives you S Flare, right? So, you have two different assets. Both of them were earning yield, but they're all backed by one asset. That's re-staking. The first one, not so much. But that last one with FXRP and S and S Flare, um that that that sounds more like re-staking. Sorry, reliable J, uh that I'm taking so long here. Just trying to hash this out with Blues Guy. And uh honestly, after this round, I'm I'm probably going to hop off. Still many things to do today. And I guess I'm just going to be saying that every day from now on, I guess is is what's going to happen, cuz I am very busy. Uh, look at that. He beat me to the rocket and then just wasted it. I'm not talking about reliable
Jay here. First blood. Good teamwork. Good teamwork. Oof, I almost hit him with the rocket. Dang it and then I wasted the rocket on accident after I just complained about our teammate. See how I am? Haven't thought about that in forever. My dad used to say that all the time. He'd be like, "See how I am? See what I do? I do exactly what I complain about somebody else doing." Hey, at least he was honest, right? Thanks for posting the Discord for anybody who didn't have it. Pretty sure everybody here is a regular, but there might be like one or two people. Ooh, I almost dodged that. He thinks he's on one. I don't know how I didn't hit him. Trying to constantly focus and commentary and read the chat, which is fun. Got him. He got too close
to the sun. Now he's gone. Dang it. Why can I not hit that guy? It's so annoying. I'm like just slightly off. All right, stop complaining. Ooh, still got him though. All right, another one bites the dust. I need like a soundboard with that sound on it. Be a lot funner. I wonder how much a soundboard cost. Uh, no, you're just keeping the chat running. Mission make mad about make blues guy mad about uh flare and boost the chat complete. Thanks blues guy. No, I'm just playing. I didn't do it on purpose. As soon as your flare is changed to S flare, it it means stake. Yep, XRP. Savanges into FXRP is stake. FXRP changes change to SXRP. As TXRP, it changes. Flare and the wrap flare is staked. Okay. You were getting me a little lost on that
one. All right, apparently we lost all the music. Let's run that [music] back. Um Underground asked me a question. Yeah, I did it on purpose. He's definitely the flare guy, not the blues guy. Thanks everybody must have Everybody must have hit it like the minute we the music ended cuz they were on it. Got like everybody in unison. Feel like that never happened. Feel like usually I'd be talking just raw, which is just ugly when you're used to having the music. Dang it. One thing I do got to do is turn the music down whenever I do the talking points cuz I clip them and I make a video out of them. And I have a feeling some people are maybe not watching that video because the music in the background. I don't know. That could be why or
it could just be because YouTube doesn't like small crypto channels. I think that's very well possible as well. Yep, favorite song. Oh, we got to start [music] with that one. I got to take a day and like actually redo my playlist. Cuz there's a lot of stuff on there. Well, it's not a playlist. It's like a if you just search something and hit play. I've tried to pick certain things, but I need to go back through it, honestly. Got him. Are you kidding me? There we go. Five to two. Reliable Jay got dropped. Sorry about that. No, I want that. Took him down a notch. Dang it, I wanted that missile. It's like all their tanks have so much health. It's wild. Didn't get him. He says, "I'm off this weekend. We will go over flare together. I'll show
you the stakes. Obviously you did not watch the videos." I absolutely watched the videos. Um I fall in the street fall in love with the stream when I hear this song. Yeah, that's [music] why I put it at the beginning so I can hook you. I just need it to replay. Like I need it to loop like every 10 songs. I need this song to play again. Reliable Jay says, "I stake my seeker. It's not bad." Uh, yeah, reliable Jay, did you have the Solana phone? Did you get a an airdrop of seeker coins cuz you have the Solana phone? I feel like you said that. Somebody came in the chat and said that at one point. Pretty sure it was you. All right, Fogo fishing. Like I said, Fogo fishing has been uh kind [music] of the funnest
thing I've been messing with here for a minute. And I'm I'm up to level 18. Who would have Who would have known? I went I went from not even knowing that I should be uh leveling up. [music] I didn't realize that and that's why I was having a terrible experience cuz I was not earning enough. And now um I'm earning much quicker. Much quicker. Although we just [music] had like a having, I think as well. So, I'm earning less. Hopefully it's worth more at some point. Uh, he [music] says, "Best stream ever, underground. Amazing energies compared to yesterday, bro. Kudos, man. Love the spirit." Yeah, I was just tired yesterday, everybody. I really was and I got to the part of the night where I got to kick off the stream [music] and I was like, "Ooh, I don't
got it. Uh, I I've been running ragged all day." Usually I take a good 30 minutes for myself before I start the stream to like reset. And um yesterday my wife thought that was a stupid idea and I should just work and not take a couple minutes, 30 to 45 minutes to rest. [music] And so I did just just to like show her how that was a dumb idea and I was super tired and my stream definitely showed it. So, at the end of the day, you you should do what you think is right. That That was what I got out of it. Um yeah, I got 5,000 seeker for the phone and I'm up 600 seeker now. Nice. Uh, Melissa wants to know where you staked it at. In the wallet the [music] phone comes with. Okay, that's
cool. Said, "I got the Ton phone from Oyster Labs. I don't think I got any airdrops." Um I don't know. I don't know anything about that. That's really interesting. I don't know how long it's been out. If Reliable Jay, the seeker phone was out or the Solana phone, right? I think it's called the seeker. It was out for a while before they did an airdrop, right? [music] Quite some time before you got an airdrop. Uh, you get a seeker address. Yes, being attentive to our [music] body and listening. Yeah, yeah, ordered it day one, waited almost a year or more. Oh, okay. So, you wait Sorry to Sorry to ask a million questions, Reliable Jay, but you're just so reliable that I have to uh always follow up here. So, did you wait [music] that long to get the
phone or you waited that long for the airdrop? Did you get the phone quickly and then it took forever for them to do an airdrop [music] or did it all Did you get the phone and then the airdrop came out shortly and then you ordered it? Cuz I know a lot of people pre-ordered the phone and I don't really know how long they had to wait before they got it. I guess in my mind you pre-ordered [music] the phone and you got it like three, four months later, not not a year. Airdrops came pretty fast to the SoulFlare wallet first. Okay. I really love the SoulFlare wallet. It's pretty awesome. Let's go hit up our dailies here. All right, let's go. Where's the GM thing? It's not up here anymore. I guess we just go back to the main.
I like how they combined them. That are Robinhood chain test net. Uh it's got the GM and the contract deploy all in the same place. I can't believe I was doing this over and over thinking I was going to make it on the leaderboard. We talked about this yesterday. The leaderboard giveaway that they're doing and then I finally finally uh worked up the courage to just read what it said underneath it and it was like test net excluded and I was like right. Right, I could have saved myself. I didn't spend that much time on it, but I could have saved some time if I would have just read the fine print. Um airdrop came pretty fast. This is what the phone took forever. Was that because like it wasn't out yet? Is that why it took forever? Or
maybe they were just really backed up. And how do you like the phone? Do you have reliable JD? You have service on the phone? Fler has drops every month called our Fler. Uh when using pools and pairs and only holding cool. Yeah, I rock with that. But the more you use the phone, the more you get. It has seasons they call it. Okay, that's cool. [music] They want you to use the decentralized application in the chart daily use. Okay. In chart daily use, kind of like an iPhone. Tells you how many hours you've been scrolling on Instagram. Go check it [music] out and you will see how much time you are wasting with your life. I make sure I never look at that ever because I I don't want to know. And definitely don't look at your wife's analytics.
>> [music] >> You will see how much she scrolls Facebook every day. Complete the mission. Lucky truffle hunt begins. Grab Pirita for half the price. Uh no, thank you. No, thank you. What exactly wasn't out? Pre-ordered. That's what I thought. It's like my backup phone. I have a helium chip in it. See, that's really cool. I I have one, actually. I don't have the seeker or any of the slander or anything cool. Um probably can't really see it. It looks like crap. I don't know if showing you this even matters cuz it just looks like any phone. Um this is Let's see, does it have a marking on it? Of course, the battery. This is something totally This is not the time. It's not anything. Wow, look at that. The freaking battery on this phone just absolutely swelled up.
Look at that thing. The battery swelled up. I don't even use it anymore, but I I used to sell for um Xixor. Which when I first started selling for them, it was really cool, but I I think their products suck because [music] I had a laptop from them as well. It was cool cuz the laptop had a built-in um cold storage wallet, right? Had a built-in cold cold storage and then it was through vault and then like vault went down and that was a a big blow. And they probably have better products out now, but I used to sell for Xixor and then they just never really made it. So, that was my take at a a crypto phone. The phone for when I had it was pretty sweet. I kept it on the charger all the time. That
That might have been a bad idea, honestly. I'll take I'll take that one. It's supposed to be like a crypto phone, all encrypted and secure and and whatnot. [music] Had some pretty cool features. Could even like take your could take your temperature and stuff like that. Not that I ever used it, but they told me it did that. And uh yeah, I used to sell for them, but once my phone battery swelled up and kind of was [music] I mean, it still works if I turn it on, but I mean, who wants to have a lithium fire in their house? Not me. And then the computer eventually did the same thing, too. And it ran on like Linux, which was really weird because like it was confusing to use and not really compatible, but they were based out of
like Romania. So, it was cool stuff they were trying to do, but I had to I had to kind of get away from it, so. Probably spent a little bit too much money on that, but I did make some back. Um it's nice. I highly recommend it. I'm so stuck on iPhone or on Apple. Yeah, same thing. >> [music] >> Um I'm done using it when it comes to Google or whatever. Has a seed vault. That's pretty cool. I I started on Android and then I used to argue with my brother all the time and he'd be like, "If you just get an iPhone." He's like, "You'll never go back to Android." And I'm like, "But I can customize my screen and make it so confusing that I I have no [music] idea how to use my phone and
it's super cool. Look at all these layouts I have even though I don't know where anything [music] is ever. Um and I spend more time searching my phone on Android to figure out where I put stuff cuz it's so customizable and has so many different like layouts and skins, which is cool, but um yeah, I finally took his advice and got an Apple phone, tried it out. [music] And he was right. He was like, "You'll never go back. As soon as you get an iPhone, you'll never use Android again." I argued with him for years about that. But it's so customizable. Yeah, it doesn't really matter when you can't freaking find anything [music] cuz you're always And then of course like the little widgets and things that you download to customize it, apps. >> [music] >> Um they get
messed up and you just get on your phone one day and everything is just all moved around even though you didn't do it. It's a lot of fun. [music] I'm sure they've gotten considerably better. And of course, Android phones come in different ranges. It's not a one-size-fits-all. [music] They have really expensive ones. It's like my mom bought a really expensive Android phone cuz she refuses to learn anything new in this life. She's checked out. She don't want no Apple phone. And uh and yeah. It was so expensive and she didn't even get the one that she wanted. I was like, "That's ridiculous." Like iPhones, although they're not cheap, they're cheap because like your service provider is like, "If you just like like our Facebook post, we'll pretty much just take your old phone and give you a new one."
Like I just got new 17 Pro Maxes for basically trading in like my old phone that sucked and was [music] having issues anyway. And it's costing me like, I don't know, $10 more a month for the latest phone and features. Which for a lot of people probably wouldn't matter, but for me um I did the Max Pro or whatever cuz the camera cuz [music] for my other business, we take a lot of product photos and stuff like that. So, for me, I actually get something out of it. Um otherwise, I would never get like the you know, the big Pro Max kind of upgraded camera. I wouldn't do that if I didn't actually use [music] it. Why am I talking about this? Don't know cuz we were talking about Solana phones maybe and I'm making conversation while I play
this ridiculous game on trainers. Oh, look at that. I'm over a thousand. I don't need to play this anymore. Cool. I just like to crash out with the shotgun show >> [music] >> with the with spray blast. I'm just running the mob and see how long I can keep it up for and I've become really good at it. I can apparently can keep it up for a really long time. So, we'll just kill that for now. Yep. Um Melissa he definitely [music] killed my helium rewards on all my antennas. That's hilarious. Yeah, don't piss off the boss. Blackberry were the best. Yeah, I remember when my when my friend had [music] a Blackberry and I was jealous. That was like That was like uh middle school middle school days. I [music] remember when the Razer came out. Anybody remember
the the flip phone, the Razer? My buddy had it for like two days and he got glue on it somehow and then [music] he I watched him. He tried to wash it off. He tried to wash the glue off off the Razer phone like where the you know, where the buttons are, where all the numbers are underneath the the sink faucet and then was really confused why when it was broken and I was just That's when I knew he wasn't going to make it. Legit, that's I'm not even kidding. That's when I knew he he just wasn't going to make it in life. And um now now he's uh in jail for life. So, there you go. He He I was right. He He wasn't going to make it. That's not true. I went back to Android. Okay. Okay.
Melissa says she likes both. Android, yes, that's the operating system. I use Android then Apple then back to Android. Apple sucks, man, big time. What sucks [music] about Apple? What generation did you have? I would really like to know because um I don't know. I don't have zero I have zero issues using Apple phone ever. [music] Um seeker phone, I know not about. That's why I'm asking. What are these? They're [music] Solana phones. Okay, I'm Googling it. Never mind. Good evening. What's up NW? Welcome in. Welcome in. How safe is the secret phone on Solana? Very safe, I'm pretty sure. We're always We're always forever just [music] taking the word for whoever's telling us whatever, right? We don't know. Um I'm going to say it's very safe. You can choose your carrier, how calls [music] work, how plan. Same
thing. You just get a chip. You can pretty much go with your provider that you already have. What happens when you lose it though? If you lose your phone, how screwed are you? That's what I want to know. I guess you just have to I guess it would be like a cold stored wallet. You just have to have your seed phrases backed up somewhere else where you could, you know, restore them or back them up. Okay, the main reason is Android let me download all the songs I want for free, not [music] Apple. Uh I don't know. There are ways to do it with Apple for sure. It just depends on what you use. Most people use a streaming service nowadays anyways. I don't ever think about it. My buddy has like a family plan for like Spotify and
whatnot. Um I don't I don't pay for it. But I understand that not everybody is going to be operating on that wavelength. I do play Actually, I do pay for SoundCloud. I've paid for SoundCloud for a really long time. Because they're the only people who have uh all the reggae music that I want to listen to. Back when I only listened to reggae music for like 10 plus years. It was very hard to find a platform like Spotify. They'll have the big artists and stuff, but they won't have the the stuff I'm trying to listen to. Anyways, I hope everybody is having a good night, good time. I'm going to go ahead and jump off. Um Mr. Smith says creepy AF. Uh I'm sure you're [music] probably a bot. Creepy what? What is creepy? We were talking about iPhone
Solana phones. Uh this is a crypto channel. What is creepy? People are just weird. May Maybe Oh, I get it. He meant himself. He's creepy. The way that he just kind of popped in here and and started making accusations. I get it. He was He was notifying all of us that he's a really creepy person. All right, check that website. You'll like it, Blues Guy. Hey, I'm Blues. I need specific songs can't find on Spotify. [music] Yeah, that was the problem I used to have with uh with everything when it came to reggae. Let's see. Reliable J says scroll up. I don't see a link, Reliable J. I think they might have blocked your link. But hey, you can always throw the link [music] in um You can always throw the link in the Discord somewhere. Main hangout or
something like that. Can't download cheat codes on iPhone because it's locked, but you can for Android. Okay, cheat codes for what? Like for video games? And yeah, Reliable J once again, I'm pretty sure they blocked your link. It didn't show up on my side. Anyways, guys, we're rolling into looks like an hour and 45 minutes, going into 2 hours of streaming. We've covered a lot of things. Tomorrow will be Wednesday. I hope all of my beautiful undergrounders are going to come back and raise their crypto IQ and hang out with me again. Um Mr. Smith, I was really hoping you were going to give us something else to work with. Oh man, bots are so stupid. Anyways, I'm going to go ahead and shut this down, and I'll see everybody tomorrow. You know what it is. Stay underground. Stay
crypto. And if you guys are loving having a conversation, just move over to the Discord. I don't want to cut you guys off. All right. Oh, did Melissa did NW get you right on on the Robinhood testnet or something like that? I see you thanking [music] him. I'm I'm assuming it's for the Robinhood testnet. He's not going to explain. I highly doubt he's still here. He He literally just dropped in and said that and then left. And >> [music] >> I guess he accomplished what he was got what he was trying to accomplish. Anyways, I will catch everybody later. Stay underground. Stay crypto. I'll catch you in the next one. We talked about rollups today. What will we talk about tomorrow? How will we raise your crypto IQ tomorrow? [music] Guess you got to tune in to find out.
Later, everyone. Underground crypto out.
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