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I JUST BEAT THE SEC!
May 7, 2025
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“stablecoin” · 1 mention
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41:44
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37:08
increasing demand, you get increasing
37:11
price based on lower supply. That's it.
37:14
So I think PulseX is way cooler than
37:16
Uni. I think Pulse Chain is way cooler
37:19
than Ethereum. Thank you guys for being
37:20
our test net. We really appreciate the
37:22
work that you guys do.
37:24
Um, hopefully we'll be able to uh give
37:28
you guys some things that uh you can
37:31
adopt as well if you want, but you
37:32
ignore a lot of my advice. You know, I
37:34
told you L2s are stupid. You did it
37:36
anyway. I told you increasing the SLO
37:38
was stupid. You did it anyway. I don't
37:40
know, man. Like,
37:42
uh, there's a little bit of cultural
37:44
difference, you know. Um, Ethereum's
37:46
dual wielding vaccines. I'm not, you
37:49
know, it's a little there's a little bit
37:51
of cultural difference.
37:53
I I like safe,
37:56
secure, non-experimental things, and I'm
37:59
not willing to push the limit or push
38:01
the edge or risk security in order to
38:04
get benefits no one cares about um or
38:07
don't really move the
38:09
needle. So, long story
38:12
short, things I I really do hope the
38:16
Ethereum price goes up more than most
38:18
people. I really do hope. I I think I
38:21
care more about the Ethereum price going
38:22
up than Vitalic. I really do. So, you
38:26
know, but like if just like saying the
38:29
truth about Bitcoin and its technical
38:32
features, if you're afraid to speak the
38:34
truth because you're afraid guys aren't
38:35
going to buy, they weren't going to buy
38:36
anyway. It's the same with Ethereum. If
38:39
you're afraid to tell the truth about
38:40
Ethereum because you're afraid you're
38:41
going to make somebody mad, bro, stop
38:44
cocking yourself. They weren't gonna buy
38:47
anyway. So just speak the truth. Um
38:50
there's a benefit to doing
38:54
it. So everything's better than it has
38:56
ever been as far as technology goes.
38:58
You've got more features. You've got
38:59
higher throughput. You've got lower
39:00
fees. I mean, heck, even Ethereum has
39:02
low fees. Now, let me teach you
39:04
something about fees. Could every
39:06
company lower their profit margin to
39:08
zero if they wanted to? Yeah, sure. I
39:09
guess. Unless you're already losing
39:11
money, and then zero would look great to
39:13
you. But if you're making money, you
39:15
probably could lower your profit to
39:16
zero. Is that good for your company?
39:19
Maybe not because then you can't pay for
39:21
R&D or you can't pay for marketing or um
39:24
you destroy the industry so that other
39:26
count other parties don't want to work
39:28
with you because there's no profit in it
39:29
left for them. Right? There's a reason
39:32
that a lot of manufacturers globally try
39:34
to enforce MSRP manufactured suggested
39:38
retail price because guys have seen what
39:40
happens when there's really a race to
39:41
the bottom and then whereas you used to
39:43
make money now you don't make money
39:44
anymore.
39:46
Block space and blockchains are kind of
39:48
the same thing. If it is true that
39:50
supply and demand exists, then you I
39:53
believe can underpric blockchain
39:56
space. And when you price it too
39:59
low, it ain't great. There's an ideal,
40:03
you know,
40:04
it a race to
40:06
zero is not the ideal way for any
40:10
organization to function that has other
40:13
goals aside from
40:16
price.
40:18
So, would you have I'll give you an
40:21
example. Would you have preferred
40:22
Ethereum to cost a dollar to send a coin
40:25
on but have a $5,000 price or would you
40:29
prefer Ethereum today where it costs two
40:32
cents to send a coin but the price is
40:36
$1,800? Now, I'm making an assumption
40:38
that those two things are directly tied
40:41
together. That assumption is, you know,
40:45
specious. I don't even know if that's
40:47
the right word. This big fancy word, $10
40:49
word right there.
40:52
Uh I I think they are related and and I
40:56
think the fees to transact. I think it's
40:58
a reflective system. If fees to transact
41:01
go up, people have to buy the coin. If
41:02
people have to buy the coin, the price
41:04
goes up. If the price goes up, people
41:05
like the coin has the price that goes
41:07
up. So then they buy it. And then more
41:09
people need to transact it. And then
41:10
that moves the prices and that leaves
41:11
opportunity for our bots. And that
41:13
leaves opportunity for traders and vol
41:15
people love volatility.
41:17
and you get this ratcheting
41:19
magnification
41:21
effect, which is part of the reason why
41:23
networks that price all the other coins
41:25
that launch in them in the native token
41:28
have that reflexivity. They all go up
41:30
together. But if you didn't have that
41:33
mechanic and you had a token that was
41:35
successful tied to a stable coin, if
41:38
that coin became popular, people would
41:41
have to This is what happened with
41:42
Trumpcoin, by the way. Trump was tied to
41:44
stablecoin
on the Salana network. If you
41:47
wanted to buy Trump, you would take your
41:49
Salana and trade it for stable and then
41:52
the stable would buy the Trump and you'd
41:53
get the Trump and the liquidity pool
41:55
would get the stable. But in effect, all
41:57
it did was sell a ton of Salana for
41:59
stable. So if you tie coins to stables
42:03
and they become popular on your network
42:04
and they don't bring new money from the
42:06
outside in and they just take the
42:07
existing guys and get them to buy in,
42:09
you just basically incentivize a bunch
42:11
of people to buy
42:12
stable. And is that why you're in
42:14
cryptocurrency? To incentivize
42:16
counterparty risk because a stable coin
42:18
with an admin key that anyone could turn
42:20
off, not anyone, but an admin or whoever
42:23
stole his keys from him, uh, could just
42:26
deactivate your stable or all the
42:28
stables. that ain't real stable, right?
42:31
So, it's not the ideal reality for
42:34
crypto isn't to be sitting in
42:36
counterparty risk. It's to remove
42:37
counterparty risk. And yes, we have
42:40
volatility, but if it's mostly
42:42
volatility to the upside, man, that's
42:44
just fabulous. You know, um the history
42:47
of Bitcoin's been mostly go up for three
42:49
years, down for a year, up for three
42:51
years, down for a year. Mostly, it's
42:53
been mostly up. which is how you go from
42:56
something that costs nothing to
42:57
something that costs near $100,000
42:59
today.
43:01
So, I I see limited value in talking
43:06
about Ethereum to the Ethereum and
43:08
talking about Bitcoin to the Bitcoiners
43:11
because the real opportunity is in the
43:13
unwrecked and the unwrecked are people
43:16
that hold gold at all-time highs and I I
43:19
guess Bitcoin near all-time highs and I
43:21
guess um the S&P 500 near all-time
43:25
highs, but I think it's in a pretty good
43:26
dip right
43:28
now. No one expected Trump to do the uh
43:32
the things he did. It was kind of a
43:36
surprise. So the market's like, "Yo,
43:38
what are you doing?" Um, very
43:43
interesting. So, long story short, what
43:45
we have is amazing. If you guys talk
43:48
about it, cool. If you don't, I'm
43:50
willing to bet other people will. The
43:53
only thing that's missing is marketing,
43:54
and it's far better than it needs to be.
43:57
And the opportunity is absolutely
43:59
gigantic. It's bigger than what you have
44:02
with Bitcoin in my opinion. You're up
44:04
50% from four or five years
44:08
ago. It's not that great. It's better
44:10
than being down, but it's not like gold
44:13
at all time highs. I mean, gold's up
44:15
50%. Gold went from 2K to 3,300, 3,400.
44:20
That's better. I wish you guys could see
44:22
my hands. I zoomed in too much. I'm
44:25
using my hands and you can't see them.
44:28
Unfortunate. I did this uh like old
44:32
thing like I uh used to in my very very
44:33
first videos where I use like a
44:35
triangular kind of light makes like a an
44:38
up arrow. So I was like ah up arrow that
44:40
would make a cool shape in the iris
44:43
here. Uh what
44:45
else? Anything else? Prices, Ethereum
44:49
opportunity, regulatory certainty. You
44:52
can work with us or discover new
44:54
competitors that are very competitive.
44:57
Your call guys. I mean, what's what's
44:59
the only thing missing?
45:01
On-ramp, privacy, um, anonymity
45:06
set. I maybe margin, some margin trading
45:11
thing. Oh, by the way, like so many
45:14
coins that launch just suck. And it
45:16
doesn't matter if they're on PulseChain,
45:18
they probably just suck. mo like it's
45:22
just so suckville which is why I talk
45:25
about so few things because almost
45:28
everything sucks so I don't want to talk
45:30
about it you know
45:34
um if
45:37
you another
45:41
education if new people come to your
45:43
chain because they discovered you from
45:45
some stupid thing and that new stupid
45:47
thing is tied to the native coin
45:50
Then people will have to buy the native
45:52
coin to get the new stupid thing and it
45:54
will lift the prices of all the things
45:56
on your chain or attempt to it will put
45:58
pressure in that
46:02
direction. If however some stupid thing
46:05
launches and new people from the outside
46:08
aren't coming to buy it and it's just
46:10
existing people on the chain already
46:12
buying the stupid thing, you've got a
46:14
comparison to make.
46:17
Who was more likely to have sold those
46:19
coins and hurt the price? The person
46:21
that just launched the stupid thing or
46:24
the people that were otherwise holding
46:25
the coins? Now, I haven't done 100%
46:28
perfect research or I guess not that
46:30
much research at all, but my gut feeling
46:32
is for some reason. The people that were
46:34
holding the coins were more likely to
46:36
keep holding them that whenever a stupid
46:38
founder launched some stupid thing and
46:41
got rich for the first time. It seems
46:43
like every single time that happens,
46:46
they nuke the
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