What PulseChain Copied From Ethereum—and What It Didn’t!

[music] >> You can do >> [music] [music] >> I know I >> [music] >> I know I I know I >> [music] [music] >> I think that we're just holding on to something >> [music] [music] >> I think that we're just holding on to something >> [music] [music] >> Let's go. Welcome to the Underground Crypto Deep Dive Show. Back with another episode. We [music] are deep diving PulseChain, HEX, and all of the things associated with it. And we have a very [music] interesting question today. And that is what is up with them copying Ethereum when they launched. Got some questions there I'd like to have answered. I'd love to know a lot more about it. Hopefully you guys are as curious about it as I am. Let's take a look at this 4-hour. We're back above. That's what I

want to see. We're back above that 200-day moving average on the 4-hour. The red line, 200-day moving average. The white line, the 21-day moving. Must be dusty in my office cuz I am always sneezing when I start the stream. Anyways, enough of that. I'm back above the 200-day. Looks like we're going to get a crossing here at the 21 as long as we can hold up. So, we had this dip. We got back above. All right. And then now it looks like that 21, the white line in this red line, which is the 200, are going to cross each other, which is bullish. For how long it's bullish, how bullish it is, that that is yet to be seen. >> [music] >> I'm not going to speak on that necessarily, but I do like to see that. Let's go

to the 1-hour. It's kind of the same vibe except for you already had the 21 and the 200 cross here on the 1-hour, right? That would be right there. 21 and the 200 cross on the 1-hour, which says we're probably going to get it on the 4-hour unless something catastrophic happens and we just fall down really bad, really fast. But I don't necessarily think that is going to happen. I was moving my computer and mics and everything around today. Let's see where we're at. Let me make sure I didn't mess everything up. All right, cool. There we go. Shout out to all my undergrounders. Melissa, thank you for all you do. Struggle heart in the building. What's good? What's good? Struggle heart, I didn't forget about you. Please give me a contract address, man, so I can send you

that $10 I owe you. Uh I don't want it to get forgotten about. Cam's still welcome in, welcome in. Cam's said, "Did you hear the trade alert on YouTube?" What does that mean? What trade alert? I bet the Charleston would go well to this song. Could imagine. Yeah, we [music] love that song in the beginning. These accounts here like I'm going to keep mining Tetrum until September because it's super easy. I'm going to keep mining Tetrum until So it was literally posted from two different accounts. Hilarious. It's obviously bots. It's [music] obviously scammers. I almost knocked my drink over. That would have been terrible. But it is hilarious. They come on like every post, every reel, every everything and they post about this Tetrum. Uh, and they but they'll say the craziest things. They'll be like, "Oh, wow. Uh,

you know, you said Tetrum is going to this price." They'll be I don't even know what Tetrum is. It's hilarious. They try to rope people in. Anyway, shout out to the bots. Keep botting. Keep boosting this channel. Not that I really feel like they do. They mostly subscribe and then I watch their the subscriptions disappear. Then I know it's [music] the bots getting deleted off of YouTube. Blues Guy, what's up Blues Guy? Welcome in, welcome in. Says gratitude in the house. Hola everyone. Glad to see you all. UG brother. Yep, great to see you. I finally have some time to say hi. Well, thank you for dropping on in Blues Guy. We always love to see you here. Uh, it's a song trade alert. Oh, okay. Now I got you. That makes sense. I'll have to look that up,

Cam's still. UG needs a song. Yeah, maybe one day I'll put one of my songs on the intro. Probably won't be very crypto related though. So it'll probably just confuse the heck out of everybody, but it'll still be fun. So let's talk about this live stream, right? This series, I should say, that we're doing this week. Monday, we mapped out the complete HEX and PulseChain ecosystem, roughly. Yesterday, we opened the HEX contract and examined how t-shares, inflation, and penalties create staking rewards. It was really interesting. The whole Pulse HEX ecosystem can be very confusing. So, these are brief introduction, by brief, I mean we do a 2-hour stream, but it's probably about an hour of actually educating you on HEX, which is pretty good. It's like 50% of the time. But, there's a lot to unpack. So, we might

need another week. Maybe we'll break it up and do another week at another time, but either way, it's a lot to digest. Somebody came in the chat the other night and even said it took him 6 months to understand HEX staking. So, if you don't get everything overnight, then don't feel bad. Not many people would. Tonight, we are investigating the events that created the starting point for the entire PulseChain ecosystem, the Ethereum state copy. This is what we are going to be really focusing on here tonight, and I'm really interested to figure it out because when PulseChain launched, just to make this simple, they copied Ethereum state up to like a certain block, or you could say up to a certain date or point in time. Why they chose a certain time, I don't know. Why they did this,

I really don't know. So, when they launched, it wasn't an empty blockchain. It had a bunch of stuff on it. What was the point of that? I have no idea. And that is why we are deep diving together and trying to figure that out as a community, as an underground crypto family. Blues guy said, "UG, let's have a chat tomorrow, brother." Yes, absolutely. Call me or text me anytime when you're available. I should be good most of the day tomorrow. At PulseChain's launch, people opened their wallets and discover PulseChain's version of tokens, NFTs, smart contract positions, and active HEX stakes they previously held on Ethereum. That event is often described as the largest airdrop in history. Okay, that makes sense because when they copied everything from Ethereum, they made a copy and that copy now lived on both HEX

and Ethereum. So, you essentially got airdropped everything that you held on Ethereum onto PulseChain. That's very interesting. But, the word copy can hide the most important question here. What exactly was copied? A blockchain can copy a number from a ledger. It can open a smart contract code in storage. It cannot automatically copy Circle's dollar, Maker's collateral, or Chainlink's oracle operators. Certain things that just can't be copied, right? And in NFT marketplace support, or liquidity that gave Ethereum assets its own price. Tonight, we will separate three categories: asset native to PulseChain, assets created by Ethereum state copy, and assets brought through a bridge to PulseChain from Ethereum. By the end of the stream, you should be able to look at any asset on PulseChain and ask the question that determines what it actually represents. Here is the question for tonight's

chat. If two tokens share the same symbol and name and contract address, but exist on different networks, are they the same asset? And the quote of the day is the map is not the territory. And this is Alfred Korzybski. A blockchain balance is a map of ownership inside a particular system. It does not automatically prove that an asset or outside asset reserve or institution uh recognizes that ownership. And what you may not know, let me switch you over so you can see what I see. This might make a little bit more sense if you could see what I'm doing, huh? There we go. So, what you may not know, PulseChain state copy was a snapshot, not a permanent connection. Ethereum transactions made after the snapshot are not continuously reproduced on PulseChain. Saying like it made a snapshot of this

of the state, a copy of Ethereum at the time, but it they didn't continually copy Ethereum. So, anything after that snapshot doesn't exist on PulseChain as far as being a copy of Ethereum state. The official PulseChain documentation identifies Ethereum block, and it's this block, >> [music] >> right? I'm not going to bother to try to say that number, but it's that specific block that they copied up to. As a pre-fork block included in the state, PulseChain mainnet launch, May 13th, 2023. And a copy token can retain the same contract address it had on Ethereum because the entire contract state was reproduced. The network is therefore part of the asset's identity. If anybody's confused, just to reiterate here, What's up, plague dogs? Welcome in. Welcome in. PulseChain, when it launched, copied Ethereum's state or the memory or the ledger of

Ethereum, they copied it from this block right here. Everything this block and back. Everything this block and what was before it. I'm trying to make sure this is clear as possible. They copied it. So, that when PulseChain launched, it was basically a copy of Ethereum and it wasn't an empty blockchain. Active HEX stakes were included because the stake record existed inside the copied HEX contract storage. After launch, the Ethereum Impulse Chain stake system began operating independently. So, when they took the snapshot, HEX already lived in Ethereum's ecosystem, right? From what I understand. And so, when they made this copy and they made PulseChain, HEX store HEX staking, right, already existed. But, from the moment they launched PulseChain, they began to operate in two independent blockchains. Circle currently lists native USDC support on 35 blockchains. PulseChain is not included. PulseChain,

HEX, these things are never included. For whatever reason, they are not in the club. Therefore, the stake copy USDC contract on PulseChain is not Circle-issued native USDC. Circle's current USDC network list right here. So, whatever USDC you see on PulseChain is not actually issued by Circle itself. Users did not need to enter their seed phrase or visit a claim website to receive their stake copies. >> [music] >> The copied balances already existed at their corresponding PulseChain address, which is really interesting because it would be the world's largest airdrop. Very interesting stuff. And I look forward to getting into it even better. Even deeper, right? That was just a quick intro to it. I probably already lost a few people. It happens. Plague Dog says, "Uh let's have a key a kiki." I don't know what a kiki is. Superb

topic, definitely confusing without a good walk-through. Hey, that's what we're trying to do. We're trying to un-confuse this topic. And again, Monday we just tried to lay out all the cards on the table. Yesterday we kind of honed in and focused on staking, hex staking and what that means, what are t-shares, and tonight we're focusing on pulse chain itself's launch. How they went about it copying Ethereum stake up to a certain block, which is like 17.2 million something, right? [music] And then what happened after they launched? They didn't keep copying Ethereum state every day all the time. And so at that point it moved independently. So what does that look like? It sounds like a very interesting experiment, if you will. But I'm willing to bet with somebody like Richard Heart that there was some thought put behind why

they did what they did, right? All right, let's talk about these crypto bubbles right here. So Unibright having a nice bounce today. Let's go get it on the week. Cuz even on the monthly it's only up 44%. You can see we had this big fall from about 20 cents to as low as about 11 and a half cents, and then now we bounced up to 14. [music] So although you're up 22% today, that really is only uh positive, I guess, if you bought lower [music] than this bottom here, rather at that bottom or somewhere near this bottom, 11 or 12 cents, or if you bought way earlier. Otherwise, if you bought anything above that, you are underwater. Bitwave. Bitwave making its way into the top 100. It is number 98 by market cap. It's up 20% today. Uh, Bitwave's

been doing well. We've seen a couple of things doing well in the Bitcoin DeFi or Bitcoin ecosystem, right? We've talked at great lengths about Bitcoin DeFi. I'm not going to go into my whole spiel about it. I'd love to see it do really well. It just doesn't normally do well and it kind of starts to get a little bit of hype and then it fizzles out. Now, at some point [music] it's going to get some hype and then actually probably get a lot more hype. But, I would expect that to happen in more of a bull market, not at the bottom of a bear market. So, when it comes to anything that you're investing in Bitcoin DeFi, if it was me, I would tread lightly and take profits sooner than later. But, you do what you want with your

money. Never financial advice here at Underground Crypto. We're just trying to raise that crypto IQ so you could be the best speculator in the market that you can be and understand what the heck is going on. EthPi, Uni, uh, Pi, PaxG, Lighter, Hash all seeing a nice little bounce. This, uh, this is gold, right? Yep, Tether Gold. Let's drop down. A lot of green across the board and decently. A lot of times you'll see a lot of this 0.4, 0.8, but we're actually seeing like 3%, you know, 2.2%. Those are meaningful uh, bounces in in the overall market of crypto. And we'll get to that in a minute. We'll tell you the overall market cap and what it's moved today. So, we're talking about Hex, we're talking about PulseChain. So, naturally love to see that Pulse is up 8.4%.

[music] How I feel about Hex Pulse. First of all, know that I hold a little bit of Hex from way back in the day. Probably underwater on it. Nothing amazing. But, I didn't sacrifice for PulseChain cuz I really didn't know a whole lot about it. PulseChain and Hex remain relatively fringe. Uh there are some people who know a lot about it, swear by it, love it. I have nothing against that. I'm still trying to kind of make heads or tails of it myself. Um I love anything new anything innovative. Anybody who's really about something and they're doing things their own way. I tend to really like that. But that doesn't mean all the time that I think it's going to be the best performer in the market. And for whatever reason, HEX, PulseChain have been kind of excluded from

things [music] like CoinMarketCap, uh CoinGecko. It's hard to get a market cap on a lot of these things or an accurate price. >> [music] >> And so that just doesn't make me feel real good overall. It doesn't mean anything is bad about the protocol. In the world, you're kind of in the club or you're not in the club a lot of the time. And it feels like PulseChain, HEX, they they run against the grain, which is my kind of vibe. But they kind of pay for it at the same time. So we're continuing to break it down. We might do a whole 'nother week series on it. We might have to do a whole kind of not a whole week series, but a couple day series just on Richard Heart, the history of everything, legal cases, stuff like that

I think could be highly interesting as well. Anyways, we have we're really hyping up this series and I'm having a ton of fun doing it. ZBT or Zero Base bouncing 17%. We got some big movers here. The Psychedelic has been doing really well. We kind of went a little bit an extra step and and deep dive did a little bit yesterday, right? Uh Theta, Elvit, SPX 6900, so-so. I think so-so's probably one of like the funniest names for a project. You're like, is it good? Is it bad? And you're it's so-so. Like it's mid. Uh where I'm from, when you say something so-so, you mean it's like it's medio it's mid. Like it's not really all that great, but it's not horrible either. It's so-so, which is a weird thing to name a project if if ask me. We

got Lido and Axi Infinity, some X pin, X pin network getting a nice little bounce. So, we seeing a lot of green in the market kind of across these top coins by market cap. Ehex also up again, pulse chain Ehex, all these things are very correlated. Ehex is Ethereum hex. I I'm starting to understand that now. These deep dives, they serve me well. Because I'm up here reading them to you guys, I pay heavy attention, obviously. And uh they really do serve me well, so I hope they're finding you well as as well. It's a weird way to say it. Cash Cat up 30%. Cash Cat, what's the market cap now? Back up over 100 million. It was just at 60 million the other day. Now, the the hard part is, of course, if you got in at like

60 million, you made gains, but you're not up 100% until you're at like 120 million. All right, cuz that's a double. But usually here in crypto, we want more than 100% gain cuz honestly, we get ahead of ourselves. We're very I don't want to say that we're spoiled here in crypto, but we have been spoiled to see crazy gains. Like the people who got into Cash Cat when it was at a low market cap, right? Like if you got in at like a million or 2 million, you were up. It went to like 280 million uh market cap or 250 at least. Look at this. Look at the one month. The one month Cash Cat up 73 million percent. I I'm not stuttering here. It's up 73 million percent. That's a lot of percentages to be up, all right?

Anyways, uh I forget what my point was. My point was now that it's at 100 million market cap, you kind of need it to go to a billion to get a 10x, a little less than a 10x. And so, I don't really know who's running into CashCat right now, but some people probably are. Ehex, Tibber, Sky AI is up 20%. We were looking at that. It was on our radar yesterday. Let's keep moving. I saw a 3% here. All right, it already changed, but we'll still pull it up. Dodo, which is a decentralized exchange on Solana, I believe. I know I've used it. It bounced. H E I, Hima. Hima's been around for over a year, so wonder why I've never heard of it. We'll have to look at that at some point. Tut, of course we're going to

be a little bit more down into the fringe things. Tutorial is what Tut is. Just due to the simple fact you're down to 5 to 600 by market cap. Serve, is this Open Serve? This is Open Serve. I know I wanted to scoop a bag of this. I can't remember if I ever bought a little bit, but now is probably a good time to do that. Tendies is a Robinhood meme coin. What is that at? 23 million. Tendies is one of those ones like CashCat and things that came out with the Robinhood ecosystem before Robinhood memes pretty much took a dive. And now we're seeing some resurgence, but it really did kind of take the wind out of the sails. Timing is everything when it comes to these things, so all it takes is something to really get things

messed up, and it could take it a long time if it ever recovers. 2.28 trillion, we're almost turning [music] to 2.3 trillion, up 0.7% today on the overall market cap of everything crypto. And uh don't sleep on don't sleep on that chat, guys. Let me know how you're doing today. Let me know how you're feeling about this series, how you liking Hex. Bitcoin, $64,632, dollars 1.2% in the last 7 days. Not really up a lot in the 24 hours, 0.6% but that can be pretty considerable for Bitcoin, right? It's big big market cap. Uh market cap actually 1.2 trillion, almost 1.3 trillion in Bitcoin. It's a lot of money. Ethereum, 1,910. Ethereum still doing pretty well, ticking up and not giving a whole lot back. I remember we were at like 1,600 not too long ago here. BNB, 595

dollars. Looking to break that 600. I hope we can hold it. XRP, a dollar six. Not seeing a whole lot. Notice it's red while everything else is green. Not seeing a lot of pump for XRP, but it's holding above a dollar. If we can manage to stay very close to a dollar or above a dollar, bottom of the bear market for XRP, I'll be pretty happy cuz that's still a 5x uh from the 20 25, little [music] less than 5x, 25% low that we had in the previous market. Melissa says, "I can only tell you that cookies and cream ice cream I'm eating is good." Well, I'm glad to hear that. Uh that is my favorite type of ice cream. How did you know? Solana, 74 dollars. Not up a whole lot, but it's not red. At this point

in the market, bear market vibes, when we get these little pumps, it's just nice to see things green even if they're not up a lot. But, we should be paying attention to what is getting a bigger bounce than everything else. Which turns our attention to HyperLiquid. It's at 56 dollars and 90 cents. Let's call it 57 bucks. And it is up 3% today. And it's also up almost 6% in the last 7 days. HyperLiquid did [music] have a nice a nice little pullback. Let's call it a pullback. It sounds nicer than like a local crash, right? Pullback, same thing. But, it could be a good time to maybe scoop some of it. You got to kind of get over the psychological it's $56 a share or $60 a share almost, and for $200 you're only going to get a

few shares of it, right? Or a few units or a few coins, whatever you want to think of it as. Doesn't make a whole lot of difference to the tokenomics [music] and the numbers what you want to call it. But, it can really cycle a lot of people out where like Dogecoin for example is only 7 cents, you're going to see a lot more Dogecoin in your wallet versus how many HyperLiquid for the same amount of money, and that could really psychologically mess with a lot of people. It's exactly why meme coins have like a trillion, uh, you know, max circulating supply, and they're usually fully vested on day one a lot of the time, literally because it makes people feel like they're getting a lot. And then they'll start doing moon math. They'll be like, "Well, if this

thing goes to a dollar, I have a hundred million of them, right?" Uh, [music] and then they don't understand the concept of tokenomics at all. We're trying to fix that. We're trying to raise that crypto IQ. Uh, if somebody in in the trenches could let me know if the coin that we're in is moving. Oh, it is not moving. Or is it moving? I can never tell. Hey Melissa, if that thing takes off to go to Bond, if you could let me know, really appreciate that. All right, that way I can focus. Zcash, $509 up almost 10%. So, HyperLiquid Zcash so far having some nice moves. [music] Cardano is up to 19 cents, but in the last 7 days it's moved 18% almost 20% at some other times. For whatever reason, Cardano getting a nice little pump. Monero XMR

$365, Chainlink $8.17. We're going to speed this up. XLM 16 and a half cents down 4% in the last 7 days. Kind of surprising with so much news narrative going on in things with XLM. There's a lot of real bullish stuff going on with XLM network. Not really seeing a corresponding pump. Kind of typical though. Whatever you think would happen, like you would think if a project is getting a lot of real adoption that it would get a lot of buying in the actual coin. And a lot of times it's not what happens and then it all rush in at some other [music] time, right? Bitcoin Cash, $213. Canton Network, another one I'm highly considering scooping a little bit of a bag of just because I think it's going to do well. It's at 4 billion in market cap,

but it's one of those projects that I could see doubling if not tripling. Uh it's one of the safe plays. When you look at your portfolio, not going to get into it because we've talked about portfolios at great lengths, but portfolios are uh important to understand and >> [music] >> and percentages and how you balance a portfolio. It seems like Canton Network could be a good top 30 by market cap play with low risk with two to three X return I think pretty reasonably in a bear market in a bull market, I mean. Anyways, enough of that. I I know I get a little long-winded sometimes. TON coin, or now we're calling it Gram, $1.40. And Hedera at about 7 cents for whatever reason it's always about the same price as Dogecoin. Avalanche, [music] $6.66. I don't know what

that's about. Is that the doom the doom number of Avalanche? Cuz Avalanche really hasn't been performing very well. Sui at 69 cents. For me, anything under a dollar for six for Sui is uh good. And Meme Coin is at $1.23 and it's actually up almost 7% in the last 7 days. I wouldn't be surprised if Meme if Meme Coin comes back swinging at some point. Somebody seemed to have like a large stake in it. And I'm thinking that they just sold out at one point. And they didn't bother to like scale out, so they didn't hurt the the market. They just sold off on everybody. And hey, that's I guess their choice. Let's take a look at what's trending. And then we will get back into the topic of the night. Um what's this says it's not moving. Okay,

it will. Yeah, I appreciate you. For whatever reason you get distracted and you miss it, I'm not going to hold it against you, but it is certainly very helpful. Pudgy Penguins Blast. We've talked about Blast. Blast kind of reminded me of Psychic a little bit. Blast obviously came much earlier on. Let's take a look at it real quick. Um I'm going to tell you what it is before we focus on anything like tokenomics or whatever. It's DePIN, which is decentralized infrastructure, right? Uh Blast is all about Let's get to the website. It's all about resources for you could say AI, you could say agent, everything that comes with AI. I'm going to start saying it that way because you have oracles, agentic networks, AI agents. Like there's so many things. We're just going to say everything that comes with

AI. And it says uh the world's first shared computer. It's one way to look at it. It's not the first. You have uh projects like Grass and things like that before that. So I wouldn't It's actually not the first. But the whole idea is we need resources and they're collectively putting them all together so that they don't have to actually build a warehouse and and actually buy the stuff. There's a lot of different ways you could take this and a lot of ways you could look at it. On one side, it seems like a great idea. On another side, you're like, "Well, yeah, but these people get to make a ton of money." They get to make a ton of money off of the stuff you have in your computers, which individually is not really all that useful, but

collectively is very useful. And they get to make a lot of money and we've already seen things like grass [music] and stuff really not pay out very much. And so we bless, that's why it's blessed, right? Cuz we bless them with the ability to make a ton of money. And then who knows what they give us. And I don't want to say anything about bless cuz I don't know what their payout structure is. But I'll tell you the track record for most of these projects so far has not been real great. >> [music] >> And I'm sure they're making money, all right? They just don't put it into their actual coin, they put it into the treasury of you know, they put it in their bank account. Treasury sounds really nice, but the truth is they put it in

their bank account for their business, uh not into the market cap of their coin. It'd be cool if they would do at least some kind of buybacks because they're obviously making some kind of money. Either way, it's up 218% and let's see, do we have No, we don't have CySec on here. Maybe CySec will come up on our radar over on CoinGecko. Anyways, we're doing a lot of things. The compounding knowledge of this show every day covers quite a bit. And that's why coming to the show every day is it's to me important if you really want to grasp a lot of this and become a better speculator potentially and have a higher crypto IQ, crypto education, because it can be a lot. But we're kind of watching CySec, we're watching uh bless and these these few months run

together. So I hope you understand your categories and your niches. Hyma is a rebrand of whatever this is. It has a ticker lit, which is interesting because lit is the same ticker as lighter. So maybe that's why they're rebranding is because lighter is probably far more well known even even they probably been around longer. John 3:16 said, "Hey, is it okay to invest in BTC? I find alts toxic and stress." John 3:16, you're going to set me on a tangent, but you've shown up many times in this show and are a great supporter, so I also don't want to take I don't want to not take the time to answer your question. Here's what I'll say. I try to get rid of some of the disclaimer, but everybody's a little bit different what your risk tolerance is. If you're

saying that you feel like alts are toxic and stressful, Bitcoin probably is the coin for you. Uh and and it's all about what you're trying to do in portfolios. This is why we've I almost feel like we need to do another series on portfolios, to be honest with you, because I don't know if everybody was here or if everybody really understood the whole portfolio thing. If you are worth let's not even say what you're worth. Let's say you are taking what is a lot of money to you, a thousand dollars, ten thousand, a hundred thousand dollars, a million dollars, and you really don't have a lot of risk tolerance, [music] you can't afford to lose much, Bitcoin is a great vehicle. Even Ethereum is a is a little bit more risk, but a great vehicle for your money, in

my opinion, not financial advice. But you're probably not going to turn a hundred thousand dollars at this point with BTC. In history, it's different, but with BTC, you're probably not going to turn a hundred thousand dollars into a hundred million dollars anytime soon, or even a hundred thousand dollars into two or three million dollars. You'd be very lucky to turn a hundred thousand dollars into a million dollars in BTC in one cycle, one four-year cycle. If you hold it for fifty years, that's totally different. I'm just talking about one bottom of a bear market [music] to the next, you know, to the top of a bull market. That's what I'm talking about. Uh Melissa says, "I would like that a portfolio stream." Yeah, we we really we really should do it again. Honestly, at this point, I could do

a dang portfolio scre- uh you know, stream off the top of my head, but I do like to have it organized for you guys cuz I might just be all over the place. We would have to see. But anyways, my point is for you, John 3:16, BTC might be great. Here's what I would want This is historical, okay? I'm never Hindsight is 20/20. I want to I want to lay this out clear because somebody's asking me a question. So, if I if I take a minute to get it right, bear with me. So, historically, I think it's 1,038 days from one bottom of a market to the next bottom of a market. It's been historically that way four-year cycle for a long time. I know there the four-year cycle is under a lot of scrutiny, but if you break

it down and you just zoom in on Bitcoin, the four-year cycle's actually unbroken. Altcoins, that's a little bit different, right? But if you're just focusing on BTC, October 5th would be 1,038 days and should be the bottom of the market. Now, will October 5th be the lowest number for BTC, period? I don't know. And a lot of times history rhymes, but it's not perfect. So, let's just say somewhere in that neighborhood of October 5th. And and even in December, maybe, right? Before the beginning of the year, right? Before 2027. Probably going to have the bottom of the market. If you don't have a high risk appetite, you might want to buy some BTC if if you want to be in the crypto game. But uh that puts BTC what, somewhere around probably $60,000 if we kind of trend to

where we are and have a higher well or a lower low, right? $55,000? I really at this point, I don't know if I'm we're going to really see under $50,000 for BTC. It never seems to give people what they want, so that would be pretty on brand for for Bitcoin. [music] My point being, if you like low risk, just to recap, buy BTC as close to the bottom of the bear market as you can and ride it to the top of the bull market. That would be what I would be trying to do if you don't like uh altcoins. Also, I will say this though, John 3:16, altcoins might not be so toxic and stressful if you take some time to educate yourself. Again, not trying to insult you. I have no idea what you know about altcoins, how

long you've been in the game. Not trying to insult you. But, every day we're here trying to learn and raise our crypto IQ. And I know you'd be popping in sometimes, so I would love to help you. Free disco Let's see. Is it getting better? We got disconnected for a second. Couldn't tell you why. Says reconnected. Let's go. Let me see if this thing evens out. Of course, I have no idea when it happened. We were just starting to get a little bit of traction here, so that sucks. I got served an ad. I really thought that the whole thing just crashed. All right, guys. I'm just giving it a second to catch back up. We should be good. So far, so good. All right, cool. So, Blues Guy says, "I have learned so much with all your deep

dives and your dedication to your channel." Thank you, G. Means a lot to a guy means a lot to have a guy like you bringing us this knowledge. Hey, I love doing it and I'm glad that you guys enjoy it. Uh John 3:16, if you're still here, drop me a comment or something so I know. I don't know. Tell me how you felt about what I said. Was it helpful or did I miss something? Cuz I really We're small community. I want to nail things for people if I can. I don't know when it started breaking up, so I just want to reiterate there is a link to the Discord down in the chat. I'm pretty sure you're already in it, John 3:16. Feel free to message me personally if you want to chit-chat. Struggle Heart says, "I'm here."

Thank you, Struggle Heart. And of course, with the freezing up, it's telling me we dropped to six people. Uh don't focus on it. That's what I got to tell myself. Anyways, Hima is a rebrand. Let's get back on track. Blues Guy with the five five dollars Canadian. Says, "Blessings and gratitude. Thank you, G. You're amazing." I appreciate you saying that. That is one super chat to our goal of five super chats that we have every day. Bottom of the bear market vibes though. I had try not to say it too often, right? I am not trying to squeeze money out of you guys, but I do appreciate it when you can send in a super chat. GRVT, I want to call it Gravity Token. I don't know if that's what it stands for. It is DeFi, decentralized finance It

is grvt.io. Everyday dollar or every dollar reading what I want. Yes, restricted IP doesn't like my VPN. Every dollar does more here. I found this project pretty interesting. I'll be honest. I I don't know that I call it revolutionary right off the bat, but definitely coming at things at a little bit of a different angle without getting off into the weeds too much. Right? 8% APY, not incredibly high, a believable APY. I like to say that because a lot of times when you look at a APY and it's like 35% it's like, yeah, I don't believe that. Uh anything over 20% APY makes it hard for me to understand how they're going to consistently give it. Could they for some time give you 20%? Sure. But consistently year after year? They must have a money market that uh you

know, we don't we don't know about. Security and trust built in every swipe, tap, and send. Seems like a really cool product. Again, I don't know if it's for Americans. Not everybody here is in America, but for me it automatically didn't like my VPN in America, so I'm going to assume that it it doesn't it doesn't like American citizens. 00zoo says yo. What's up 00zoo? I like that I saw you interacting [music] in the Discord. I love to see people interacting in the Discord. So, shout out to 00zoo for always having the time to take a second and say something in the Discord. And if you're not in the Discord, I highly encourage you to join that free Discord. All right, we got lighter Ethereum, tether gold, Shiba Inu, PAXG, Ondo, Axie Infinity, and Solana. Notice I only really

click on things I feel like we need to go over. Cash Cat again, if you don't know, is the premier Robinhood ecosystem meme coin. It is a meme coin. Let's hop over and check out that fear and greed index, refresh it, make sure we have the latest numbers. I just watched it change from 27 to 25. I'm not really sure does the fear and greed index update every 24 hours? Does it kind of upgrade every 2 hours? I don't really know. I don't really know how that works. I just look at it every day about the same time, and I keep that number in the back of my head. And that kind of compounds day after day, and I can kind of keep a a pulse on where the market is, but if that's difficult, there is a bar

graph down here. You go 6 months, 1 month, 7 day, all time, whatever, and you can look, right? Look at this all time. We've had some good times, right? Uh we would like those [music] good times to come back again. Have they destroyed the altcoin season market, all of these things? I don't think so forever. I do feel like there was a lot of institutional positioning though. I really do and I think that they really hurt our market. That's one way to think about it. That could be true. It could be both or it could be separate and it could be that we've never seen a bull market for Bitcoin or crypto assets in quantitative tightening. Uh who needs me to explain quantitative tightening and quantitative easing? Uh they are economic models that is put out by the Fed

and every single bull market you've ever seen if you've been in crypto a long time or you just look back at a chart all of that was in quantitative easing which [music] means cheap money, free money, low interest on loans, easy to get money, easy access to money. It's what the the the smart money calls cheap money cuz the money is cheap. You don't have to pay a lot of interest on it. In quantitative tightening it's very much the opposite. It's expensive money per se. So a lot of interest on money, okay? Your mortgages, look at everything when it comes to to lending and stuff. They want a lot of money back because the uh the risk is much higher in those type of markets. Anyways, I'll get off of that because maybe you need that, maybe you don't

need that. We got Bitcoin Cash. Zig Chain. Zig Chain very interesting. Been around for like 5 years. Zig Chain is a layer one blockchain focused on unlocking financial opportunities for everyone. Which is very broad. It's 57 million. Been as high as 252 million. [music] Which is not really a crazy high all time market cap. The fact that they've retained 50 million is pretty impressive for a coin that I don't really see on the radar very often. Scisec. Because we took a minute to look at the other coin that we looked at, Bless, let's take a look at Scisec for a minute. It's a full stack computational network that turns GPU, ASIC, and compute into liquid [music] and yield-bearing asset. The question is, how much? And it'd be a really interesting deep dive to do cuz I I tell you

guys I I have a problem. I'm a highly interested in way too many niche things that most people probably would not think is interesting. But if you have a GPU and of course they come in all kinds of different things, right? But say you you you kind of generalize the GPUs and ASICs into like a certain range that's common, how much should it really be worth? How much should you really be getting paid? And I guess the better question is, how much could a company like Salad or Blast or Grass, how much are they charging per GPU power of a certain estimated amount, right? [music] That's common inside people's computers. Are they getting super rich off of us and not giving us much or is the price per what you're contributing not very high? Basically, let's put it this

way. Say you contribute your GPU power for a month. And in that [music] month, just specifically your computer or say specifically what you're contributing, Salad is selling that which is specifically pertains to you for say 50 bucks. All right, over the course of a month. And they give you what? 10%? 5%? 1%? Less than 1%? They give you a dollar? They give you what? What do they give you? Are you being ripped off or are you not? Here's what I'd love to see happen and I know somebody's probably like, why are we talking about this? I'd love to see an open market where I can go and I can put my GPU and I can sell direct access to my [music] GPU RAM memory, whatever, bandwidth, if you know what Grass is about. [music] on the open market, and

I could get the full value. Somebody builds that with like a small tax. So, say it was $50 a month that I'm contributing that it's worth that that that they will pay. Say I pay somebody $5 or $10 out of that 50 [music] for the ability to use their platform to sell and make my money versus a company like Bleser Sisek, who's probably giving you like a dollar for every $50 they make or something like that. Anyways, [music] I would really like to know what the numbers are. I'm not going to harp on it anymore. Yellow Card is on a funding round. And Yellow Card is pan-African fiat-to-crypto gateway. It's an on and off-ramp, right? Or at least an on-ramp for stablecoin payment infrastructure providers. [music] They've raised 129.5 million, which tells me what? Somebody believes that they're going

to do something, and more than that, what does it really tell me when you see a bunch of funders and backers? Tells me that somebody believes they're going to make money. Because none of these people who invest really are going to do that great unless they make money. Unless they're just going to dump as soon as the coin comes out at a higher valuation than what they bought it for, which is what a lot of them do. So, I'd love to see who stays in a project you know, 30 days after the token generation event. That would be some good metrics. I wonder if Block uh What is this? Blockworks has stuff like that. That would be really interesting. Anyways, Polychain Capital, uh Andreessen Horowitz, Coinbase Ventures, Galaxy, and this blockchain Will they tell me what it is? Blockchain

Capital. Yeah. Uh those are all tier one investors, and they believe this thing is going to do something. Now, [music] how do you get in on it? I don't know. I don't know if you can get in on it. It's an exchange aggregator, right? It's moving some. Okay, thank you for letting me know. Luckily, I have it on my phone. And you say it's uh Cool. So, all right, we bounced from we bought a little under under 10k. I am up 32 cents, 8%. [music] Let's go. Uh thank you. If you could continue to let me know. If it rips like, >> [music] >> you know, up above like 15, 20 If we get above like 20 Gs, definitely uh let me know. If you have no idea what I'm talking about, uh we we we have a trenches

for kind of the elite members. And uh we we're on pump.fun tracking stuff down. We're learning from a pro who's in our our community. And we're having a great time doing it. If you would like to know a little bit more about those kind of things, let me know cuz I am going to be doing some of that in the members-only live stream. And there will be a members-only live stream today. I know it's been a little all over the place. I'm giving myself a little bit of leeway with the members-only live stream, [music] even if I probably shouldn't because I have a lot on my plate right now. Um but man, I really want to do those members-only live stream. There will be one today. I I will guarantee. I don't know how long it'll be, but there

will be one for Dave today for my members. Four bucks, three $2.99, $3 for a membership. Come on. Uh I definitely am not gouging anybody for a membership. So, we got Mars Coin. Mars Coin's interesting. Only been around for like a couple of days, really. It's a meme coin on BNB. We took a look at it. Meme coins can make you money. How long you want to hold them? I don't know. This thing's already at 57 million market cap. Again, you get in now, especially when you deal with stuff like pump.fun, which we're getting I'm getting a lot more used to doing. You're getting into things like what the one we're watching right now, bought [music] at $10,000 market cap, right? Now, I'm going to sell it when it bonds, [music] and I'm not going to get into that,

but I'm not looking to necessarily hold all of that until it's at millions, cuz most of them never do that, right? But, getting in at 57 million on any coin for me just feels like there's not a lot of opportunity. What am I going to double my money? I know it sounds terrible if you come from traditional finance. Uh doubling your money is great in traditional finance, especially if you did it in a year. But, it's also high risk, and you don't put a ton of money in a meme coin generally. That's not how that works. Anyways, high risk, high reward. [music] And you do what you want, but it's a 50 million 57 million market cap. I'm not particularly interested in a coin like that. Investfy. So, white label crypto investing infrastructure for banks [music] and credit unions.

Institutions. Once again, 20 million. Now, one [music] thing I have I've been harping a lot, like, "Oh, look at all these new projects. They're all based towards institutions." [music] And it's true. Not taking anything away from that, but also CryptoRank as a platform, >> [music] >> I realize more and more, is very geared towards that kind of thing. So, a lot of that stuff is going to show up on your radar over here. I don't think that it's really all that skewed, if you get what I'm trying to say, but it's definitely that kind of platform. So, we do get a lot of that analytic. Uh Newton Labs, previously Magic Labs. So, we got a rebrand. I don't understand why a lot of times rebrands come up as funding rounds and stuff like that, because they've already launched, right?

But, maybe this coin doesn't have a token generation event. So, we got our funders and backers. Your only tier one is an angel investor. An angel investor is a like an individual person, right? 83 million raised. and let's figure out what it is. Newton Labs is an enterprise wallet infrastructure and API for embedding non-custodial wallets in the applications. Sounds like something a developer would be very into when they're integrating stuff into what they're creating. Now, let's see what else we got. Blockspace. Now, again, blockspace is a very specific thing in blockchain technology. So, if you understand what space is, we've done series on them and stuff. Hopefully, you got that crypto IQ raised. Uh if not, go look for those streams. They were good streams. Anyways, it's a for-profit Ethereum infrastructure company optimizing the outer protocol transaction pipeline. If

you don't understand what that means, probably need to raise your crypto IQ. If you don't understand what blockspace is, you probably don't understand how blockchain technology works. Which could be problematic if you're taking money that matters to you. Now, if you just got a bunch of fun money that you just have laying around like nobody who I know has any fun money necessarily laying around. But, if you're one of those people with fun money and you throw it in things and you don't really care if you lose it, then I guess you don't really need to know what's going on. But, if you're like most people and money matters, right? You're not putting 10 bucks into crypto, you're putting maybe a thousand or a couple thousand. You should probably know what the heck you're talking about. But, hey, I'm

just a guy on YouTube. Fortune Protocol. Now, with a name like Fortune Protocol, AI-driven DeFi protocol providing liquidity infrastructure for prediction markets. Uh I think it's interesting cuz this name Fortune or this branding, the fortune cookie, this would be a great prediction market platform branding. And it's not. It's just about liquidity infrastructure for prediction markets. But, man, that would have been such a good name for a prediction market instead of Kalshi. Why Kalshi when you could be like fortune cookie? Come on. Really missed opportunity there. Anyways, Blast, we talked about Blast, we put Blast, Grass, and Sci Sic and a few others kind of in the same category. I see they're getting a little bit of attention. Why? AI speculation. That would be my my bet there. Let's see, SNAPS is up 45% today. Shout out to Moosa who

I know owns a little bit of SNAPS. I'm going to check on that coin. Looks like we're The one thing I like about this coin that we've been in is that it pumps and it's not really giving it a bag. It pumped, it went sideways, it pumped again. It's good vibe. All right, SNAPS is a cross-chain liquidity layer on Ethereum Virtual Machine. And you can see it is in a giant falling [music] wed wedge. Can't speak. It's in a giant falling wedge. It looks like it's probably So, here's what happens a lot of times I notice. Kind of have two different things. You have the falling wedge that's going to do something like a breakout. Make that look a lot better. Of some sort like this. Measured move is here. And then you'll have this and you'll be waiting,

waiting, you'll see the breakout and it could very easily do this quickly. But see, that would require this price action to be like or, you know, flag out and move, something like this. Not a rounded bottom. Where a lot of times I'll be waiting for that wedge that just broke out to start moving with that measured move and it'll kind of do this. Cup, handle, then run. And it'll take a lot longer, basically. The point is it'll take a lot longer to get that move than you think it will and you'll probably lose faith and sell it. Probably not at a loss cuz you're already at the bottom, but you'll probably lose faith and sell that thing before you really let it run the distance because you're too focused on this wedge, which does play out plenty of the

time, but sometimes it just turns into a rounded bottom, gives you a cup and a handle, [music] or worse, it gives you you know, a cup and then another cup, double bottom, a W pattern, or another cup, inverted head and shoulder. So, you kind of got to keep progressing and watching what's going on over [music] time. Anyways, I don't know why I felt like telling you that, I just did. Let's take a look at Synapse a little bit more. So, we know it's secure cross-chain communication. Synapse is the most widely used extensible secure cross-chain communication network built truly cross-chain applications using Synapse protocol. So, it's interoperability at its finest with security, a heavy heavy focus on security. Powering the most popular bridge, deep liquidity. So, they've been around for a while, they've been doing it. Seems like they're pretty

good. Hypercall is live uh starting with SpaceX, they say. So, here we got some tokenization of stocks going on. Uh Synapse, I think is a leader in the space, even if you've never heard of it. That's kind of how it goes sometimes. Some of the background infrastructure stuff starts to have its own project branding and name rise to the top, and most people don't really know what it is because it's been in the background most of the time. >> [music] >> Bundle. Let's talk about Bundle real quick. I don't know, weird pop-ups that I'm getting from YouTube. All right, Web3 network or networked reward platform using stablecoin infrastructure for global payouts. We did talk about this yesterday. No tier ones in here, just tier two investors. I don't usually bother to name those, and they've only raised 5.5 million,

which doesn't sound amazing, and United Arab Emirates, they must not be raising money in the United Arab because I'm pretty sure all those people have trillions of dollars, at least the people on the top. And they've only managed to raise 5.5 million. So, [music] you could get a lot done for 5.5 million, don't get me wrong. But I don't really know how much people really believe that thing is going to go and make a bunch of money. Think about this. You're an investor, angel investor, venture capitalist, doesn't matter. You're not investing in things that you don't think are going to make money. XYO with a 1% uh bounce. If you know, you know. All right. [music] Orin or Orion Agent, to read it right. They're in a token sale. They've raised 300,000. Orion Agent is a reputation verified marketplace

for autonomous DeFi agents. This is the whole concept that if we're going to have AI agents, especially if they do specific things and they sell what they do as a service, a trading bot, whatever, they need to have a reputation involved with them so that we can know if they're good at doing what they say that they're doing. Like if you have a trading bot and all it does is lose money, it'd be cool if it had a reputation that said, "Hey, this thing's got a poor reputation. Don't put your money in it." So, and there's the reputation side of the AI agent, but there's also the having a corresponding to who runs the AI agent, some kind of digital ID, right? So that if it, I don't know, rugs and takes all your money, we know to hold

somebody accountable. It's really a very gray space in crypto right now, right? [music] So, if a AI agent is running, is it running 100% on its own merits, like its own code, contract, code is law? Or is there somebody who has access and is manipulating it? And when it gets to a certain point, they could just suck all the liquidity out of it. These are all things that your average retail person is not going to be able to understand ahead of time most of the time. So, reputation can be a a good way to know that. Let's go into the education of the night. I will keep you guys waiting no longer. Let's talk about Hex. And specifically tonight, we're going to be talking about PulseChain when it launched and its copying of the Ethereum ecosystem up to a

certain block, or you could say it forked from [music] that point. What was the point of it? Why did it I'm super interested to get into it. I didn't have time to really do a bunch of research on this ahead of time. Like I've said, this is a really good example of this channel's the power of this channel for me and for the community. Uh I'm really learning a ton about this specifically, and I didn't have a huge wealth of knowledge about PulseChain and stuff prior [music] to doing these with you. So, I'm learning with you guys. So, most wallets simple simplify cryptocurrency by displaying a name, a ticker, a token balance, and an estimated dollar value. That design is something you're probably familiar with. It's also very convenient and what you see in almost all your wallets, whether

it's Solflare, Jupiter, Phantom, whatever. But, it can hide the network and the origin of the asset. A wallet might display the word USDC, which is an acronym, not a word, but whatever. A copied token might use the same logo. Meaning there might be USDC in other places. Tickers and contract addresses that USDC uses on Ethereum. The wallet may even attempt to attach a dollar [music] price to it as if it is pegged to the dollar the same way legitimately issued USDC is. Well, there's a lot of conversation we could get into here, and I'm not going to go into it, but where we're going with this is there is USDC that is directly issued by Circle Group. They're the ones who own USDC, right? It's their product on Ethereum. They issue it on Ethereum. But when PulseChain copied Ethereum,

now USDC lived on PulseChain. But that PulseChain USDC has no affiliation at all with Circle. I hope you can see the problem. The problem is uh Circle Group issues USDC on Ethereum, guarantees it to be pegged to a dollar. Has no affiliation with PulseChain USDC, which means is the USDC on PulseChain actually backed by anything or are we just all just kind of agreeing that it's worth a dollar? This is going to be interesting to get into and I don't really know what the answer is. So, a new user can understandably assume that one copied USDC equals one Circle backed [music] dollar. But they're not the same because I I highly doubt anybody approached Circle and said, "Hey, we're going to fork Ethereum into this new chain called PulseChain. Uh will you guarantee USD C remittance or if somebody

wants to exchange it for something that it will be worth a dollar on our blockchain?" Cuz it is specific to every blockchain. >> [music] >> And that assumption can be dangerously wrong. The shift here is to stop identifying an asset by its ticker alone. Now, this is some deep IQ raising sauce here that is probably not relevant most of the time. If you're on a major blockchain, Solana, you know, uh Ethereum, you know, major blockchains, things that would be considered major, USDC on there is probably issued and indirectly backed [music] by Circle. But, if you're into some fringe stuff, which you know, PulseChain is, then you have to start thinking a little bit more in depth like this. A complete asset identity includes the network, the contract address, how it was created, who or what backs it, how it

can be redeemed, and where it has usable liquidity. Once we add those questions, copied assets become easier to distinguish from native and bridged assets. Honestly, if you have a question on a fringe network, ChatGPT's probably the quickest and easiest way to get a complete answer. It's not perfect, and I'm not trying to act like it's perfect, but I will say that it could probably get scouring the internet and give you an answer, cuz basically it's going to go to like, if you're using USDC as an example, it can go to the website for USDC and tell you what blockchains is it's actually guaranteed and backed. All right. So, the payoff is practical safety. A viewer can determine whether an asset is native to PulseChain, came from Ethereum state copy, represents something locked inside a bridge, has issue or supported

redemption, has only speculative market value, depends on an outside protocol that may not support PulseChain at all. Instead of trusting a token logo, a viewer learns to investigate the actual claim represented by the token. And again, uh it's definitely some high high crypto IQ stuff that we're talking about here. So, if this is going a little bit over your head, just let us know in the chat, and we will do our best to bring you up to speed for wherever you are at. And I don't really understand what the point of copying Ethereum state copy. I'm hoping to have the same eureka moment uh that a lot of people with pulse chain have had. Where I really understand the power of why they did this. It's what I'm hoping for. I'm not going to guarantee it, but I'm hoping

that happens. All right. Three different meanings of the word fork. So, first of all, who's with me? Drop a 111 in the chat. 111 in the chat if you're with me. If you like this topic. If you're just listening to the sound of my voice. Honestly, that's all I'm asking. So, when they made pulse chain, technically it's a fork of Ethereum. And Ethereum state, don't let the word state confuse you. It's not like a country in a state. It means the memory of the entire [music] blockchain. The ledger, all the transactions, everything that is stored on the blockchain >> [music] >> is considered state. Melissa says, "Yep, 111." All right, I got one person here. So, there's three different meanings of the word fork actually, [music] right? And people use the word fork too casually. Again, this is high

crypto IQ raising stuff here. There are three separate ideas. The first one is a code fork. Developers copy an existing blockchain software, and then they modify it. A code fork can begin with an empty ledger and no copied user balances. Right? So, what we're talking about for pulse chain is [music] not necessarily a code fork, although that might be a part of it. A state fork developers reproduce the current account balances, contract code, contract storage, and ownership records from another blockchain at a specific moment. PulseChain included an Ethereum state copy. So, this is what they did. Trying to figure out why they did it, right? What was so important about doing this? Because off the top of my head, it really feels like this made PulseChain complicated. And this state copy from Ethereum kind of feels like why PulseChain

is so complicated to understand. And I really am hoping to get to that eureka moment where I understand why they [music] did this. And then, you have a social fork. Developers, businesses, stablecoin issuers, exchanges, application teams, and users choose to support the new network. This part cannot be copied through software. Kind of has to be an unspoken agreement within communities, ecosystems. PulseChain inherited Ethereum's compatible code and Ethereum state. Now, this was one thing I was really thinking. Did they do this state copy for Ethereum just for Ethereum virtual machine compatibility? Which would make a lot of sense. It did not automatically inherit every institution and developer supporting Ethereum. Again, going back to the idea of USDC, just cuz they copied USDC onto the PulseChain ecosystem doesn't mean that Circle Group at all endorses the USDC over there on that

new blockchain. Uh double 00 says, "Still here watching from the big screen." Straight up heart with a 111. I appreciate you guys giving me some feedback. >> [music] >> And I love that I'm on your big screen. I I hope that uh I hope that my camera's good quality. Cuz in my screen, I'm really tiny. [music] So, I never know if it's good quality or not. Uh guys, don't forget to slap kick the button of crypto knowledge and the like button as well. I know that's what you're referring to. Uh the snapshot was one moment in [music] time. Okay, so the snapshot is a snapshot not a continued data feed of everything going on. And it gives you the exact block, I'm just going to call it 17.2 million, but it's a very specific block. Is it Is there

a reason? Is that just the block that it was on when they did this [music] in 2023, So, the official PulseChain documentation identifies Ethereum block 17.2 million as its final pre-fork Ethereum's state. Think of that as taking a detailed photograph of Ethereum at one moment. Who owns what, where they owned it, all of that stuff. That photograph included accounts and contract information existing at that block. Once PulseChain began operating, the two systems developed separately. So, here's one thing that I that I'm thinking of. If say you're at this block, right? And say I had, I don't know, $10,000 in a coin. And on Ethereum I sold it because I was up 100%, right? Say I turned five grand into 10 grand, and in this block, whatever asset I was holding, the next block or a block after it, could

be 10 after it, one after it, doesn't matter. I sold it for 10,000. Well, let's say that that project just kept going up. It did another 10x after that. >> [music] >> So, now like, you know, my my five grand that I turned into 10 grands really were 55,000. On PulseChain, they made a copy of it, right? And it was assigned to my wallet. Do I have $55,000 waiting for me? You get my point? Like because on Ethereum I sold it, but what happened after this block did not transfer. It didn't continue to update. So, technically on PulseChain I still own that asset. And if it's an exact representation of whatever asset that was, say it was a meme coin or something on Ethereum. Um and it went up another 10x. Well, do can I go over to PulseChain

and just grab my PulseChain wallet where the assets would live and then sell it for 55,000? Is that a thing? Cuz it's technically the biggest airdrop that ever happened because a whole entire Ethereum state was copied. That would be pretty crazy and I really hope somebody out there benefited [music] from that. I wonder how many people could have benefited from that and never even knew that was a thing. Pretty crazy, hey? This whole crypto blockchain technology thing can get pretty wild sometimes. Could have extreme amounts of money sitting somewhere. An- any of us could and you might not even know it. Now my gears are turning. I'm like, wait a second. What block was this and when was this? 2023 you say. Okay, so think of that as a detailed photograph of Ethereum at one moment. So, the photograph

includes account contract information existing at that block. Once the PulseChain began operating, the two systems developed separately. If somebody transferred an Ethereum token after the snapshot, the Ethereum balance changed. The original PulseChain copy did not change. Exactly what I was just saying. Again, I did not pre-read this. No second copy was created and the tracks the transaction was not mirrored. This was a one-time state reproduction, not an ongoing synchronization system. What was actually copied though? Now, let's check out this chat. Okay, we're up to date on the chat. If you're just rolling in here, smash that like button. The easiest, cheapest thing you could do, free actually, to support this channel and all the hard work that I put into it. So, what was actually copied? The copied state included information such as account state. And And let's change

the word state to memory, because I feel like a lot of people would digest that. Anywhere that you see state in crypto, just think memory. So, account memory, the memory of all the accounting or accounts on Ethereum at the time of the snapshot. [music] Ethereum addresses and its numeric native balance were reproduced. The native units became PLS on PulseChain. PLS being the gas or native token that powers the PulseChain ecosystem. They did not carry Ethereum's dollar value over. So, ERC-20 contract state or memory, token contracts, balances, allowances, and recorded supply information were included. These copied tokens are often called PRC-20s within PulseChain's community. Man, as I think about this, got to slow down for a minute. Like I said, I'm learning with you guys tonight. This is crazy. This is what I Like, where does this end? So, if

I had a million dollars in Ethereum, and then PulseChain copied the Ethereum state and gave me a copy, did I Did I just get a airdrop of a million PulseChain eHEX? Or say Say you had a million dollars in HEX, you have eHEX, but then you have, I believe, xHEX, which is a PulseChain HEX, right? The copy. Does that mean I have $2 million now? This is really interesting. A part of me is like, that's too good to be true, right? So, I just doubled my money. If I hold most of my stuff in Ethereum or you know, it says Ethereum state, but does that include Ethereum uh Ethereum contracts or layer twos, right? This is really interesting. Anybody have any idea Melissa is that how that works? That just seems way too good to be true. Super bullish,

but also you have to ask yourself, where does that money come from? If PulseChain says, "Hey, you have a a million dollars worth of Ethereum any amount of money." Doesn't matter what it was. Say to you uh $1,000 or $100,000, might as well be a million. It's a lot of money to you. Can I go cash that out over on PulseChain and bridge it somewhere else and then have double my money? I'm like, uh I need to know that. Contract token balances, allowances, this is a ERC-20 contracts state. I really went somewhere uh thinking about how much >> [music] >> value could have been copied and generated and then how do you actually back up any of that value? It seems totally unethical. Uh these copied tokens are often called PRC-20s within the PulseChain community. Uh J Dub AO

came in the right time. J Dub, uh tell me something. So, we're learning tonight about PulseChain, right? And J Dub, I take it as you're somebody who knows quite a bit about this. Um or spent a lot of time with PulseChain ecosystem. So, we're learning about how Ethereum copied, I don't know when you came in, copied the the Ethereum state when it launched PulseChain, how it wasn't an empty blockchain when it launched. And it's the biggest airdrop to ever happen because they copied the entire So, if I had $10,000 in an in Ethereum, let's just use Ethereum or even HEX. And then [music] they made a copy of the state and then PulseChain happened. Did I just gain $10,000? Like, can I take that $10,000 on PulseChain in PulseChain version of Ethereum that they copied and gave me and

then sell it within the PulseChain ecosystem, get like USDC, and then like bridge it out of the PulseChain ecosystem? Or is there a kicker where you can't bridge it outside of the ecosystem, therefore you can't duplicate the value? I don't know. This is very interesting. Maybe you could give me some of that. Ah, see, here we go. See, this makes sense. He says, "Nah, you get you got a copy of like DAI tokens, right? [music] On PulseChain, but not the money value. But the free copy but the free copied tokens are worth something currently. And maybe worth more in the future." So, JW if I had $10,000 on Ethereum and then they did the state copy and they launched PulseChain. I don't I I don't have $10,000 of Ethereum cuz I didn't transfer over the monetary value, but I

do have, say, whatever it was, six Ethereum, seven Ethereum, and then it kind of started over at zero. Is that what it is? Like, the value of it kind of started at zero and so over time it may grow to be worth Does Does that mean that Ethereum on PulseChain has a totally different monetary value than Ethereum on the Ethereum chain? I think you're going to understand what you're what we're talking about. Funny you said DAI because PDAI PulseChain copied has some of the biggest token narrative on the chain, but that's a whole 'nother story. You know, now that I mention it, I've heard a lot of people associated with PulseChain mention PDAI, which if I'm if I'm remembering correctly, uh DAI is a stablecoin, right? So, I could see why people would be It'd be like USDC or

something like that. Anyways, we got off on a bit of a tangent, but it's really nice to have somebody here who knows a little bit more about this than I do. That's the power of community, and that's what underground crypto is all about. It's about the community and people who are niched in into certain things who really bring in that value when we need it. All right, let's move on here. ERC-20 contract state, right? We did [music] that. Uh NFT ownership record. So, now this is starting to make a little bit of sense. See, like I said, it sounded way too good to be true that all your value just doubled. Like, you own a million dollars in Ethereum, they do the whole thing, and then you have another million dollars. That doesn't make any sense because an ecosystem

wouldn't be able to survive. Where would all that money be coming from? It just wouldn't make any sense. And of course, issuers and bridges and people would not they would not recognize random made-up value. NFT ownership records also would have been copied. The contract could still record that a particular address owns a particular token ID. Which could be cool maybe if that project came over to PulseChain, you could use your NFT copy as utility or something, right? Even if it doesn't carry the value. Smart contract code and storage. So, contract logic, stored variables and existing user positions were reproduced. If you're just tuning in, uh then we're talking about what was copied from Ethereum to the PulseChain ecosystem when they took the snapshot and launched the PulseChain ecosystem. Or blockchain, you could say. HEX stake rewards were also copied

because active HEX stakes were stored inside the HEX contract. Those stake records also existed in a PulseChain [music] copy. Existing D5 positions, liquidity pool balances, and other contract positions could be copied at the state level. State meaning memory. I want to re you know, re-infer that. Although, their future economic usefulness depended on whether the surrounding system continued to function. What was not copied? I guess we were getting to my question. I just got a little bit ahead of myself. Again, everybody uh big up J Dub for coming and hanging out with us and and helping us understand this pulse chain hex dynamic ecosystem blockchain, whatever you want to call it. All the facets, right? And hopefully J Dub continue to do that. But, it would be nice if all of our undergrounders would thank him for being here so

we could show our support. And uh J Dub, hopefully you join that Discord. So, what was not copied? Cuz we just talked about what was copied. Let's talk about what was not copied. Market prices. [music] And again, dollar value. So, the state, the memory, copy could reproduce how many tokens an address has held. It could not command the market to value those tokens at the same price. Issuers' reserves. Copying a USDC balance did not create another dollar inside Circle's reserve account. Basically, what we were just talking about. Redemption rights. An issuer does not owe redemptions merely because somebody copied it uh contract onto an unsupported blockchain. If this type of thing existed, it would destroy the value of pretty much all crypto, right? And so, basically, people would just be making random chains, copying random ecosystems, random blockchains, and

then just extorting all the value, right? Like if you knew you could put a hundred million dollars in Ethereum or any Solana any of then copy them and then get that value doubled, it would destroy cryptocurrency. It would destroy the value of all of it. All right, external liquidity. Ethereum exchange liquidity was not [music] copied. Market market makers and centralized exchange order books did not automatically appear over on PulseChain. They didn't start operating or supporting the copied version on PulseChain. Oracle services. A copied price feed contract may contain an [music] old stored value. That does not mean authorized Oracle operators will continue to update it. The front ends of things, the smart contract might exist while the project's official website remains connected only to Ethereum and not PulseChain, but it sounds like it would make it really easy for

that smart contract or that project to come over to PulseChain and start operating immediately with most of their stuff already up, just maybe an update needed. Administrative support, of course, copied contracts may depend on the owner, mentor, and administrator keys. The original team may never use those keys on PulseChain. Brand recognition. A ticker and logo can be copied. A company or protocol associated with them does not have to recognize that copy. Kind of the same thing as any stable coin or anything. The issuer is not required to recognize those as legitimate. Think of it like counterfeit. I'm not trying to call PulseChain counterfeit, [music] but technically all the USDC, Ethereum, all those things are a copy. And if like USDC wanted to get mad about it, they could probably consider it a counterfeit and therefore not recognize it. The

three PulseChain asset categories. All right, let's lock in, guys. Only [music] Melissa thanked J Dub for being here. Come on, guys. We could do better than that as a community. I I understand double O Zo is watching from a TV, so that's understandable, but where where my other people at? Where's Blues Guy? Where's Striga Heart? >> [music] >> Uh John 3:16, if you're still here, Plague Dogs, Campsta. It's not very often that I try to twist y'all arm, but let's let's thank somebody who's coming in and being a part of this. So, the three PulseChain asset category, let's lock in. Native PulseChain assets, they these originate as part of Pulse [music] these originate as part of PulseChain or are intentionally deployed there. These examples include PLS, PLSX, and this INC, which you hear talked about far less often. Uh

JDub says, "I appreciate it. I don't have Discord currently, [music] but that may change going forward." And he's got the salute. All right, but I appreciate you, and if you did, it would be great to have you around. Uh we really are a small community, and we're pretty tight-knit. So, somebody who's big into PulseChain, you'll find a lot of friends here in this community. All right, the their value comes from their use, supply, liquidity, and market And by the way, JDub, I don't know where you live or what your time zone is. 8:30 p.m. New York time, Monday through Friday. 8:30 New York p.m. is when we go live. That's when we do this show, if you care to if you care to know. Uh Saturday's actually at 10:00 p.m. New York time, and you can relate that to

wherever you live uh because I am not real good at figuring out all the time zones. So, their value comes from their use, supply, liquidity, and market demand, not from an external reserve. So, it seems like everything kind of starts over on PulseChain. This is so insightful because [music] this what we're talking about here is basically, I feel like what begins to unlock your understanding of PulseChain ecosystem because basically, that's when it was incepted. This is what happened, this is what they did, and this is what all the rest of everything else is based off of. So, fork copy [music] asset. These appeared because Ethereum's contract state existed at the snapshot. Examples include the copied version of HEX, DAI, as you hear often that pDAI referred to within their ecosystem, right? USDC and many other Ethereum tokens. And I'm

pretty sure for the most part you just kind of put like a P in front of any of these and you have that the PulseChain version. Some of them I think use an X, but I'm pretty sure like it's pUSDC. If that's not 100% accurate, then feel free to, you know, correct me there. So, a fork copy asset was not created by locking Ethereum's original. Therefore, it has no bridge claim on that original. It's a good point. If Ethereum as a blockchain decided it was moving to PulseChain, it could lock all those original things up and transfer over the value, but that would have really required participation from Ethereum and also for them to basically shut down the original Ethereum chain, which was not going to happen for PulseChain's sake. Bridged assets, right? A supported Ethereum asset is deposited

into a bridge contract. A corresponding representation is then created on PulseChain. When properly returned, the PulseChain represented is burned and the Ethereum asset is released. This is how the bridge works over on PulseChain. The representation is backed by something locked on the other side, but its redeemability depends on a bridge continuing to function correctly. Meaning, if you have any problems with the bridge, that could lead you to some serious problems down the line. A stablecoin case study. So, a functioning dollar-backed stablecoin requires more than an ERC-20 contract, right? The contract alone is how it functions, but that's not who's guaranteeing that there's actually value to move around. For native USDC, Circle provides reserve assets, actual assets and money. Issuance and burning, redemption infrastructure, regulatory compliance systems. USD Circle is required to have that sorted out with the regulator, right?

Not Ethereum. Contract administration and official network support. Circle says native USDC is fully backed and redeemable one-to-one for dollars. It's currently listed on 35 supported networks. So, [music] if you're not inside one of those 35 supported networks, your USDC is not backed by Circle specifically. And PulseChain is not among them. Therefore, the copied USDC contract on PulseChain does not receive Circle's reserve backing merely because it resembles Ethereum's USDC. It can still trade, people can still speculate on it, a liquidity pool can assign its price. But that price comes from market trading, not Circle's $1 redemption promise. A bridge representation of Ethereum's USDC is different, though. It may be backed by actual Ethereum USDC locked in a bridge. However, it then carries bridge risk in addition to USDC issuer risk. So, you got double risk. Why copied HEX is different

from copied USDC, and I think it's because HEX is already a part of that ecosystem. So, it's highly more likely to be recognized. Minecraft says I'm cold. We'll We'll We'll turn the air down. Get Get some blankets. All right, HEX does not depend on a company holding dollar reserves. It's time locking. We went over in pretty good detail yesterday HEX and its time walking, right? Shares and inflation rules operate primarily through its smart contract. Because the contract and stake storage were copied, the PulseChain instance, right, could continue functioning independently. That does not make the two HEX markets identical. After the fork, they went their separate ways. Each contract possessed different transaction. New stakes existed only on the network where they were created. So, anything after it forked. Share rate histories could diverge. Daily payout conditions could diverge. Market prices

and liquidity developed independently. Ending a stake on what network did not end the other. You had to end it on both of them if you were trying to end it and not get penalized. There could also be head or HEX. Tried to combine the word bridge and HEX. There could also be HEX bridge from Ethereum on the PulseChain. That bridge representation is different from a native fork copy HEX contract. This is why EHEX and P PHEX uh, shorthand can become confusing. And hopefully we're going to get to the bottom of this. Network contract and origin matter more than a nickname. NFTs were copied, but their ecosystems were not. Suppose an Ethereum NFT contract said your wallet owned 500 number 500, right? That ownership record could be reproduced that you own, you know, the 500th NFT. But several other components

might not follow along. The image could be hosted on an outside server. The metadata provider could ignore PulseChain altogether. The official marketplace might support only Ethereum and the creator might recognize only the Ethereum collection. Highly likely that the creator would only recognize the Ethereum collection as legitimate. Royalties and trading liquidity might not even exist on the copied network and the ownership record is only one component of an NFT's value, not the complete product. Why some copied applications became unusable. A smart contract rarely operates in complete isolation. Meaning it's attached to many other things. An application might require a price oracle, a centralized API, a supported stable coin, an administrator, a liquidation bot, a user interface, um active liquidity provider, another contract on which it depends. Even if one critical dependency does not operate on PulseChain, that copied application may

exist technically while remaining economically unusable. Code being present is not the same as a functioning product. Again, APIs, other things that are involved, oracle data feeds, are what makes something function and work. [music] Just copying its smart contract does not give you all those other, um, you know, resources. So, the same address trap. A copied contract can have the same hexadecimal address as Ethereum and PulseChain. That does not mean it represents the same economic asset. A complete identifier requires at least one of these, I believe, at least a network plus contract address. Ethereum and PulseChain also have different chain IDs, right? So, they wouldn't be completely identical. PulseChain uses ID 369. Very interesting. That's some some Tesla numbers for you. Bridge representation will generally use different PulseChain contract addresses from forked copies. Token uh forked copied tokens because the

bridge must issue a separate identifiable claim. Never verify a token by its name or ticker alone. You really need deeper metadata to verify. How's our coin doing, Melissa? Has it moved at all? Oh, wow. It It It dumped. Really hard. Who saw that coming? Well, what do we do about that? Buy a little bit [music] more. That's why I didn't buy much of it. Anyways, get back on track here. Why a forked copy cannot simply become the original. I think you could kind of figure out why this is. Imagine that a person received a thousand copies of DAI at PulseChain Genesis. No one locked a thousand Ethereum DAI to create that copy. Meaning the value isn't transferred. That's why all this locking of an asset is so important because when you lock the value somewhere else and it can't

move, it's locked and it can't move. Meaning the value can be transferred somewhere else. You can't have both existing and duplicate value because what are you going to duplicate all the money? That makes no sense. It appeared because the contract state was reproduced. Therefore, the official lock in mint bridge has no corresponding Ethereum deposit to release because it never existed. A fork copy token cannot become the original Ethereum asset simply because the user attempted to send it through a bridge. There must actually be backing monetary value on the other side. That is a fundamental difference between a ledger copy and a bridge claim. A lot of deep deep sauce here. PulseChain asset safety checklist. All right. So, before purchasing, swapping, or bridging an asset, ask yourself these questions. What network am I connecting to? Is it PulseChain or is

it Ethereum? What is the exact contract address on the particular network that you're using? Is it the asset native or a copied or bridged asset? If it claims to be backed, where is the backing? USDC or stablecoins a good example. Who provides redemption? Is the issuer officially supporting the network? On their website, can you find any information? ChatGPT probably highly useful. Does the asset have real liquidity at all? What slippage would be a meaningful sale pro produce, right? So, would you have high slippage, maximal extractable value, a MEV attack? Sandwich attacking, all kinds of things. Front running, back running. Does the token depend on an oracle or an administrator? Am I using a verified application? Basically, are you using something legitimate? Uh never enter a seed phrase to claim a PulseChain copy because then you just gave away your

seed phrase. Never trust a dollar estimate displayed by a wallet without verifying the actual asset and market. 13. And I know we're going hard tonight. Who's with me? The balanced asset from the state copy. So, a state copy gave PulseChain several advantages. So, here's where I'm hoping we're having the eureka moment where we're figuring out why they did this. So, users arrived with familiar accounts and familiar assets. Okay, I could see how that would be a plus. We're going to try to move a little a little slow through this so we can try to process. HEX stakes could continue in parallel environments. All right, I can see the advantage to that. Developers had a populated EVM state instead of an empty chain. So, developers had something to work with. Users could experiment with copied contracts at lower transaction costs.

So, I guess the fees on Ethereum were completely different than the fees on PulseChain. Very interesting. The ecosystem gained immediate awareness and token inventory. That's pretty cool. Somebody didn't have to go add all of these things, right? Although I feel like if they did, maybe they could have got people on board, but maybe that was never going to happen because it's PulseChain, Richard Heart, hacks, all of that stuff. It also created some serious complications, and that's kind of what is just really sticking out to me. Uh no, I don't think your chat is broken. Uh Strug a Heart just commented. And uh Moosa says it went down some. Yeah, it did. I bought I bought 0.05 to start with, which is like $4. So, I bought another $4. Only Moosa knows what I'm talking about. Uh it also created

serious complications. Thousands of copied assets had uncertain functionality, right? So, a lot of the things on there, it was just very uncertain if they worked or didn't work. So, how would you know if you really wanted to use them? Stablecoins copied could appear safer than they actually were. Duplicate names and addresses created a bunch of confusion. Uh scammers gained new claim site and fake token opportunities. I'm sure that probably wasn't great. Most copied projects did not officially adopt PulseChain. To this day, I bet you most of them did not adopt PulseChain. Market value had to be rebuilt independently. So, like the actual monetary value of something had to be rebuilt completely. The technology of copying state is neutral. Its value depends on the user, developers, liquidity providers, and infrastructure team built after the copy. I think here's maybe a

good way to say this. I'm making this off off the cuff as we're coming to the end of this educational IQ raising segment. Say you had two different planets or two different universes. Planets might be a better example, right? And we take something like gold or silver, which here on Earth has a lot of value. Let's say we found another planet off into the solar system somewhere, right? And they have their own planet similar to Earth, but different stuff, right? And we take something like gold or silver on a spaceship to this new planet. And we show up and we're like, "Look at this gold. We would like to buy a continent. You know, we want to buy some land so that we could bring uh humans here because we think this is an amazing planet and you guys

haven't heavily populated it. There's plenty of room for us. We we want to move in, all right? But we want to buy it. We don't want to come here and just show up and take over. All right, this is getting a little out of hand, but hopefully you understand." So, the point is that we bring some kind of something, gold, silver, whatever, that we believe has value. But there's nothing to say on this new planet that the the beings there assign any value. Maybe they value, I don't know, something else, trees, seashells, animals. Maybe they have no sense of money at all. Maybe it's a foreign concept to them altogether. The gold could be worth astronomical value to them because they don't have it on their planet. Or their planet could be made of gold and it could have

no value, right? There could be so much gold on their planet that the gold we bring them, they're just like, "We don't need that." It's like rocks, right? It's like if we brought a bunch of shells or if they brought from their planet a bunch of shells and a bunch of rocks, we would look at them and sticks. We'd be like, "Yo, we have this everywhere. This has no value." My point here, maybe you get it, maybe you don't, is about value. And value is not automatically adopted on pulse chain. I don't know if that worked or not, but it was fun to try. Who's with me? Who liked my analogy? Who got my analogy is the big question here. And let's move right along. So, Blockworks is great for looking at the top gainers, top losers, but also

chain revenue, ETF inflows, outflows. There's so much information on this. I wish I could stream 24/7. I really, really, really do because we would have so much fun. Gainers. Pi Network's up 13%. I have to say, and I haven't dug into I'm not somebody who mined Pi back in the day. I really wasn't. So, a lot of times I tend to not spend too much time on Pi Network. Pi Network has done a good job of being relevant. For a random phone app that you can mine a cryptocurrency, they they must have did it right. And I'm just taking a moment to appreciate that as I see them as a top gainer because who would have thought back then that Pi Network would even be relevant, right? Uh Lido DAO, uh decentralized autonomous organization, take any chance I can

to remind you of that crypto IQ. And look quickly liquid staked ETH or LSETH. Very interesting. Top losers though, what do we got? When your top loser of the day is under 5% you're having a pretty good day here in crypto. Can't Network. Uh is it going to drop down to that 8 cents? I want to see that thing at 8 cents so I can scoop a big bag of it. Uh how big? That's that's a matter of perspective. I'll think it's big, you might think it's not. All right, where are we going with that? Um hilarious. Let's go to chainers. Welcome to the underground crypto hangout part of the show. We're going to do our regular chainers and then we're going to switch into the members only live stream. If you want to come hang out with us

in the members only live stream, let me tease a new game that we're playing. I'm just going to It's called Lumina. Uh I found it on Twitter. Shout out to Reliable J. And uh yeah. It's basically Pokémon. But it's really cool. That's that's what I've said. You either grew up playing the Pokémon games or you didn't. I have seen Sugarheart says thanks again. Absolutely welcome. I hope I hope you come to the members only live stream sometime, Sugarheart. Oh, I can't get on. Uh I don't know what you can't get on. Anyways, uh I've I've seen a lot of people try to reproduce this Pokémon style thing and by the way, there's a game coming out called Yakamon that is made by the Sunflower team. We love DeFi gaming here at Underground Crypto because DeFi gaming is like what

gaming should be. Like if you buy a skin, it should have a value. I should be able to sell it. I bought it. Why can't it have a value? Why can't I sell it when I'm done with it, when I don't want it anymore? When I hold it in a game for 10 years >> [music] >> and it becomes an OG, you know, skin or item or whatever and it's worth a lot more, I should be able to capitalize because I spent my money on it in the first place. Now, that's assuming that you actually paid real money for it. Anyways, uh my point is I've seen a lot of people try to reproduce Pokémon and not do a good job, which is always confusing to me because uh you literally just just do exactly what they did and

copy it. Like we don't need you to reinvent the wheel. We just need you to to remake the game on blockchain. And [music] Lumina really feels like they did that well. And it it seems really cool. Now, how long it can hang out, how long how well it can do long-term, how its economics are is a different story. Tokenomics, all that's a bit of a different story. So, we'll have to see how that plays out. Yakamon coming out, will that create more hype around the narrative and maybe Lumina benefits for it, or will it steal a bunch of users away because it's 10 time, you know, cooler and well put together. It is made by the people of Sunflower Land. So, I'm not going to lie, I'm expecting Yakamon to be very well put together. But who knows? I

could be very disappointed. So many things up in the air here. In the in the world of crypto, in the world of blockchain, right? Uh Minecraft for kids, you have a membership, just so you know. You should be automatically ported over. Your account does have a membership. I I I know that. Huh, this is not loading. Very interesting. Let's open whatever this is. What do we get? A fertilizer. Did I already replant stuff in the farm? If I did, I'll have to wait wait some more. I did already replant. Dang it. I can't merge stuff together. Anyways, for those who don't know, this is Chainers, link in the description. We've just been kind of mining some BNB. I I've only ever spent $10 on this game cuz they had like a really really really good offer. And it's on

Polygon. So, if you actually want to use some money in here, you got to you got to use Polygon. They got a shop where you can buy things in the in-game currency and also in [music] Polygon's USDT. I'm going to hit that mini-game real quick. But before I do, I am going to move I'm going to move us over to the members only stream countdown. There is a countdown before we go into the members only stream. So, let's get that set up real quick. Members only live stream and say 5 minutes. That should be plenty of time. Let's see if we can do this in under 5 minutes. Get our our NFT here, but we better move quick. All right. So, let's try to get to 1,000. See if we can do it in under 5 minutes. I'm actually

interested cuz I always feel like this takes like 2 minutes to do. It might take longer than that. So, if I don't do it in under 5 minutes, then I'll know that it's not as quick as I think it is. Who's coming over to the members only live stream with me? Let me know. I'm going to show you a new game that that I'm interested in that I'm playing. We're going to look at some pump.fun type stuff. >> [music] >> Uh and then of course, the members only live stream is for the members. If nobody pipes up and says anything, I'm going to kind of do my own thing. Uh but it is a great time for you to come over, ask questions, do you have you know, in instigate. It's a weird way to say it, but instigate

a deep dive maybe of something that you're interested in. Uh you wanted to take [music] time. Members only live stream is great for that. Hopefully, the shills never uh figure that out cuz they'll be trying to shill stuff for $3.99. Have to raise that membership if the shills figure this out. Wink wink. Nod nod. All right. All right, if you don't have a membership, I don't know what to tell you. We'll have to figure that out another time, okay? We will be porting over in 3 minutes to the members only live stream, regardless. You're freezing up some. All right, uh just keep an eye on it and let me know if I keep freezing up. I don't know why now. Feet don't fail me now. I don't know why it'd be a problem now, but I guess the internet

does what the internet wants to do, right? Maybe it's freezing up cuz it's getting ready to port me over. All right, I think we're going to do this. All right, we got 2,000 before the 5-minute countdown. So, that's pretty good. That means it really doesn't take very long to do this. All right, let's let them take us out here. Get our free item. Am I still freezing? I would like to know. All right, we got a dragon fruit seed. That helps, I guess. Anything helps, day after day. Let's see how much BNB we got. 0.047 almost 0.005 Uh let's hope the BNB goes up a lot cuz then it'll be worth a lot more, right? Hit one round of Roller RollerCoin. We got a minute before we port over to the members-only live stream. If you don't know what

we're doing Oh, we didn't do the news today. All right, that kind of sucks, but oh well. And here we are on Lumina. So many good DeFi games out there all of a sudden. They really switch quick. We didn't really have any good games to play for a while and now now there's several. Fire not very effective against water. Who would have thought that? Who would have thought that possible? Tackle's probably better. Dang, he stopped at 3%. I don't know if I have one of these. Let's catch this guy. Hit that bag and let's see if we can catch this this tadpole. For whatever reason, I've never caught one of these. It says skipping