The Breakdown #780: Crypto, Markets, AI, and the Meme Economy

I couldn't have done any of it without AI. If we had not had AI, we would be $8 billion less. Five IPOs, none of them would have happened, because I used the AI to design the securities and solve all the tax problems and all the securities law issues.

So I'm a big believer in using AI to design new things. And look, I focus upon digital credit and security, but there's someone there thinking about how to make the car drive and cure cancer. Aren't there like 100 million problems that human race has to solve that you're like, well,

you're going to need 1,000 people with PhD to solve that? Well, guess what? Now every 16-year-old has 1,000 PhDs at their fingertips. And so I'm very bullish. The world's going to be a much better place. And we're going to see an age of empowerment

and abundance because of digital technology. And we could see our resumption of the primary trends in gold and Bitcoin, meaning gold resuming the uptrend and Bitcoin resuming the downtrend. And I think it's also interesting that the main driver of the Bitcoin enthusiasm now

and the buying is coming from strategy selling 11 and 1 half percent preferred in basically the equivalent of a Ponzi scheme, but creating a lot of demand by people who either don't know it's a Ponzi or don't care. They want 11 and 1 half percent yield. And so by offering people 11 and 1 half percent yield,

Sailor has raised billions of dollars, which he has then used to buy Bitcoin. But had he not bribed people with 11 and 1 half percent yield, he would not have had the money to buy all that Bitcoin. So that's interesting that the demand for Bitcoin is not because people want Bitcoin.

It's because people want 11 and 1 half percent yield. Now, they're not going to get it in the long run because the whole thing is going to collapse. But that's what's driving Bitcoin, not demand for the Bitcoin itself. People aren't buying strategy or stretch

because they want Bitcoin. If they wanted Bitcoin, they'd just buy it. They're buying stretch because they'd rather have 11 and 1 half percent return than Bitcoin. Plus, there's a lot of unique technology in Midnight that's going to make the use of Cardano safer.

Like Midnight Passport will be the fastest state that's usually going to use Cardano. So we gain all the usability enhancements and so on. Plus, I'd argue Midnight is an essential point of the business, that Bitcoin is important. When you look at that side of it, you're like, OK,

Bitcoin users, they want private security. So Cardano could do a lot of heavy lifting on the programming side, but what is the private coordination layer and just all that. So we're actually working on the token, our Bitcoin DeFi setup, what we call it, the circle.

So you start with Bitcoin and Caproot. I'm going to put 50 bitcoins of my own money into this free bitcoin. It works. So you start with Caproot and Bitcoin. You lend it to stablecoin.

So that'll occur on Cardano. Sure, that's what I'm trying to add to reduce total bridge. And then that stablecoin will then be deployed into a yield-bearing instrument. And then as you make yield, the yield

is converted to Bitcoin. And then it's sent to your taproot. And then midnight coordinates all that makes it private. So you have all three networks working together. And you have this circle. And then from the Bitcoin users perspective,

you just give them a button, make money, click the button. And then it locks their Bitcoin. As you start generating a yield, the security edges enter the Caproot on the Bitcoin network. So it meets my three rules that I have for Bitcoin DeFi.

One, there's only Bitcoin. The other's no Bitcoin. Bitcoin is better money than DeFi, obviously. It's also better money than gold. I think it's, I believe it's the best form of money that humans have ever come across.

Money being good, being that it's inflation proof. No one, no single person, company, or government can print more money in a way that money they're holding is storing. That's kind of one of the two things about money is if you work hard and make money,

you don't want that to kind of disappear over time, not from your own view. Right, so that's key in Bitcoin and Bitcoin and most of the quick defense is able to do that. If I could have the argument that real estate's better than Bitcoin, for a number of reasons by the way,

depending on who you are. Your audience will probably disagree because they're probably a bunch of Bitcoin maximalists that don't have as much Bitcoin as the real estate guy, by the way. No, I'll tell you right now, hold on one second.

See, that's the funny thing, dude. That's me and my brother were talking about this yesterday. The guys that know the most seem to have the least. 100%, that I can probably agree with you on. I think it should be a bigger issue within the crypto system and the ecosystem.

What do you think? I think it will be. Privacy is going to be the new, if you want, in my view, and this is what I'm tasking the investment professionals at Maelstrom to sort of figure out,

I think that the standout shit coin or few shit coins of 2026, 2028 will be related to similar shape or form to privacy. We already saw the amazing move of Zcash over the last few months. Yes, it's down 50% from the 780 high,

but I think, again, my goal was, my mental model is 10 to 20% for value of the coin. That's what Zcash depends on. So much higher than what it is today. But, taking away Zcash, what is the token project of protocol that's going to utilize some privacy

technology, probably something related to ZTA as your knowledge first, to do something whether that's quantum resistance, where overlords can't be an animizer theater or you know, see a viewing whatever it is, right? These are the things that we are really afraid of,

of what bad things have to happen with the proliferation of big tech, big government. For Trump to get elected, and knowing that we share friends in the White House, for all the populist parties of Europe who are under attack, every single populist leader,

if you look at the leaders, and my last documentary was called Silence, I've got 18 months in prison for my last documentary. The reason I aired it was because the documentary was so bigger than me.

It's exactly what they're doing. Lawfare has been waged. Again, if you go through, I'll pick any of them. Pick Hurt Vilders, the leader of the Dutch tie. Hit Marie Le Pen, any politician in Europe. Anyone, if anyone who has stood up

and tried to speak against immigration and you will see a history. Matteo Salvini, I was living two days ago, the deputy prime minister of Italy, was prosecuted in 2020. They said he collapsed because he stopped the vote.

He was prosecuted in 2021, he was in charge of other crimes. The process is to punish them. Every people who tried to step up was charged. You saw what they'd done to Bannon, you saw what they'd done to Jones, you saw what they'd done to Trump.

That's happening across the board. There's just too many of them. It's a precarious state. But I think it's public, I think it's intellectual. I'm very optimistic about the future. The war is not because we're not in charge.

We're not going to take the ground and assimilate it. We want the public ready, the public in your way. So the other thing about it here is there's a lot of political power still in the state. You know, it's going to have a meaningful impact in the 2020 state election.

And certain races that were just actually going to be lost are still in place because of the coronavirus. And I think things are pretty actualized. It's just been seen a lot. It's had many conversations to try to get it to a better state.

And hopefully, September 15th will actually get it up in line. It had a lot of problems during the year that there were over 300 pages of adjustments and modifications and other things. I don't think anybody realizes how much work's going to do it. I was talking to Sarah Scott.

I said, is there anything comparable? He said, you know, we worked on this three times longer than Obama worked on the CMCB. And that was the response to 2008's financial crisis. I've talked about Solana and how I've talked about Solana. They started to win me over a little bit

with all, you know, Goldman Sachs talking about how much money they have with Solana now. You know, like all these major companies coming out and talking about how much they have in Solana or what they're building on Solana and using Solana as rails.

When you started hearing that, at some point you have to reinvent yourself or you have to adapt to the current situation in the landscape. There is no traffic on Ethereum. So projects like Bobo and others have no other choice

but to leave. Well, there's more to the United States. I think your assessment is on point for the most part. But it's also, it's a double-edged sword because it's a fucking stomping round for people to look great and take advantage as well

whenever we've seen that on full display. And that may just be a process of, you know, kind of letting that play out and figuring out where the sweet spot is or being, you know, so accessible and so, you know, commercially viable, et cetera.

If I had a genie in Three Wishes and I could make gold better, my first wish would be shrink the supply to 21 million coins and make it illegal to make any more. And my second wish is make it invisible and teleportable and indestructible

and let me carry as much gold, you know, in my pocket as I possibly can. And my third wish would be make it programmable so a billion AIs can teleport it and transform it a million times a minute so that I can put it on a billion computers

and have it get traded back and forth 37,000 times while I'm sleeping, right? And I would think digital gold, as I just described, it's gotta be better and more valuable than physical gold and especially in the 21st century when you're looking at 10 billion computers

and 10 billion AIs and 10 billion mobile devices and, you know, you never took teleporting an ounce of gold on an iPhone. So I just think it's digital gold. It's gotta be 10x to 100x better than gold. What first got you excited about blockchains?

Think about it. Oh, wait. I bet it was in multi-million dollar hacks, exposed data or finding somewhere safe to store your seed phrase. Was it? Maybe it was the idea of decentralizing

a broken financial system. Maybe it was imagining a world where people own their own data and get to sharing the value it creates. Or maybe it was a promise of a fundamentally better way of connecting,

communicating and transacting. The next phase of the internet that empowers us is that of exploiting. So why hasn't that happened yet? Why are we still living with the same broken system that blockchains promise to fix?

It's because blockchains can't keep a secret. Enabling open transparent systems was only the first half of the challenge. For blockchains to really change the world, they also have to be able to protect our sensitive data when it matters.

And that's where we build midnight. To bring down the final barrier to mass adoption and unlock the full potential of the decentralized web. Let's build the internet we deserve. Together. Ladies and gentlemen, we all know this in crypto.

Ownership matters. That's why Kate Wallet. Kate Wallet gives you full control of your digital assets, all in one easy to use application. You can store Bitcoin, Litecoin, ZCash, Monero

and many more with just one secure backup. Swap between coins and seconds. No copying addresses, no complicated steps and even includes Bitcoin Lightning for faster payments. And with Kate Wallet built in, you can use crypto in real life

through debit cards or gift cards. Simple secure, self custody, download Kate Wallet and take control of your crypto. There is an astronaut conducting an emergency repair on a global communication satellite that could go dark at any moment.

We have a second angle of this. Is that kind of phomo? No, it's just flashing first. Crazy crazy. Yeah, let's get back to it everybody. It's a big issue.

My it's just true. This satellite has been restored. Crisis appears. There we go. United States of America representatives. Social communism does not work.

Digital assets is a better to move money at the speed of light. People are greedy when they also try to acquire gold. And here providing electricity and that energy that is necessary. I'm the monority.

There we go. United States of America representatives. Social communism does not work. Digital assets is a better to move money at the speed of light. People are greedy when they also try to acquire gold.

And here providing electricity and that energy that is necessary. I'm the monority. Dumb money. That's right. Welcome to the breakdown episode 780 sponsored by Midnight.

Gotta go get a haircut, man. Man, I've been fucking this ear. Somebody's fucking cursing my ear, man. And whoever it is, I hope you get it back 10 times harder. I swear to God, man. I'm sorry, God, but like this is, I know.

Anyway, Midnight is the title sponsor of the show. Shout out to Midnight City as well. We gotta go ahead and chop it up this Friday with Midnight City. Also, Polymarket is the official prediction market sponsor of the breakdown.

Also, Cakewalla, Cakewalla, one of the most secure wallets that you will ever, ever download onto your mobile application. That's right. Cakewalla.com, go visit it, man. We're gonna get right into the memes, by the way.

Right after this, man. Robinhood is cooking. Robinhood is cooking, okay? We're getting right into it. I'm doing it on this right now, on X, formerly known as Twitter.

We're on TikTok. It doesn't matter, even on, but I'm doing a YouTube show dedicated. Dedicated to this goddamn ticker. There is no ticker that is being paired with GME. And this is what, I like this shit.

Anyway, FOMO. FOMO is where I'm at right now. Okay, and I'm gonna explain what happened. Since I wasn't on here, I'm gonna explain, let me put this up here real quick. FOMO, let me put this up real here.

Hold on. I'm going right into crypto. Okay, I don't wanna talk about anything other than crypto today. There we go. I went on FOMO.

What was it? Saturday? I don't even know what day it is, man. No, hold on, it's Wednesday. Monday. Monday morning, I'm on FOMO.

Monday morning, I'm on FOMO. And by the way, for anybody who's subscribed, I did an entire, I broke down everything in terms of where I stand on Augie and all this stuff. Anyway, you should listen to it if you're a subscriber and go ahead and listen to the fucking space

that I did, it's recorded, it can be found in the subscriber section. Okay, let's keep on moving. Dumb money, dumb money. This is, I don't know. If everything's sending right now,

if everything's sending, y'all are just sleeping on this. That's all I gotta say. I put five G's into this, I didn't even think twice. I saw it, five G's bang, done. And this is not one of those things should, hey, a week from now, six weeks, no, no.

This is like the ultimate retail, and I'm even bullish on it more now, so it's like the ultimate retail ticker. It is literally paired with GME. If you know about dumb money and how fucking Wall Street called us retail dumb money,

easy play, lay up, lay up. By the way, I gotta tell you Robin Hood's been cooking. Robin Hood has been absolutely fucking cooking, man. It is absolutely fucking cooking, cooking. That's why I say you can't be a one-chain maxi. Can't be a one-chain maxi, cannot.

Here's the biggest problem that I'm having. Somebody shot this off to me and they said, Dave, people are waiting for you to put 50 grand into a chart. They're waiting for old school DG to come in and put 50 grand into a chart

so they can use you as exit liquidity. So that's a big problem that we have. Besides everybody shilling their own token, and a lot of these narratives aren't narratives. Some of them are hitting, some of them are not. But anytime I come out with one,

because I don't shill tickers, okay? I'm not out here every single day throwing out a ticker unless I fucking like something. But people want me to put 50 grand into things. I'm not doing it. So if it means that I'm gonna put out tickers

that don't go right away, because you feel that I need to put 100 grand into the motherfucker, then so be it. I'm cooking regardless. When I show you guys my P&L at the end of this cycle, a lot of you guys are gonna be like, what the fuck?

And I'm gonna be like, that's because, that's because I told you I'm gonna cook regardless. Take a look at this. Just look at it. I'm gonna leave. Sorry, I'm back.

Technicians up there, I'm gonna shoot. Okay, I'm just gonna stay on this. I gotta tell you, man, one part of me, so one part of me I know the right thing to do is not to go ahead and put in money. I know the right thing.

Look, I'm holding 320 million. I was early on Floorke and look where Floorke is. Bro, I'm early on everything. I'm literally early on everything. So this is what I'm gonna do. First of all, whoever's holding 4%, that is not bullish.

Rhythmic base, bro, like you're holding 4%. Nobody's going to come into this shit if you're holding 4%, okay? If I store this, I'm not going in, bro. I don't know who you are, but like you went ahead and dumped Aggie

and then you think you're gonna dump this. Bro, I'm not even going in. How about that? I'm not gonna go in until you're at least splitting some shit. What the fuck is this? Is like 1% not enough for people?

I went in and bought 320 million because it was just spawn of the moment. I was like, dumb money, this makes fucking sense. You're out here fucking buying 4%, 5%. Nobody knows who you are, bro. You're like literally keeping everybody out.

I'm just keeping it in a buck, man. You are literally keeping everybody out of a dope ass fucking play. This is a dope fucking play. And this is literally a Robin Hood fucking chart. Like this is legit a Robin Hood chart, which I appreciate.

But you are keeping everybody out. So continue to hold. Nothing's gonna happen until you fucking split. This is crazy, bro. 4%, like 5%, like, y'all really, like this is why I gotta tell you.

I gotta tell you, this is why, from some facets, I gotta trade, I just gotta trade on chain without you motherfuckers knowing that I'm trading. Cause this is like y'all hold up projects. I really, this is what I mean by supply control is necessary because you got people like this

that come in and they're trying to fucking destroy shit. This shit could have already ran up to millions. It's crazy, bro. It really is. Y'all, you guys really don't think. You don't think, man.

I don't know what the fuck you're trying to do. I don't know what the fuck you're trying to do, man. I'm gonna send this motherfucker either way. I'm just wondering. Times bad guys or people like David get, listen, I'm not, I'm not go, listen.

You see, like if people see me holding 30% of something, they trust it because everybody knows. Like everybody knows who I am. Like what did you need like fucking 90% for, bro? Like what did you need? That's why when I focus in, I have to,

especially for my, if this was my project shit, I would have had fucking 90% on this bitch, okay? Fuck that, fuck that. I really got to start breaking some of this shit down. I got to really show you guys that you're not winning because it is fucking greed.

It is greed. You guys are like, I swear to God, the one thing I'm not going to do this cycle, I'm gonna tell you right now, the one thing I'm not gonna do this cycle, I am not, I am not going to fucking lose.

I am trying to kumbaya with everybody, but the greed is showing on chain. You guys are not gonna make me look stupid. So I'm just gonna fucking start. If I need to go to a place where like I just start calling things without, and it just comes out

out of the blue, so be it. This is 100% greed. This is greed. This is motherfucking greed, bro. It's crazy, crazy, man. And I'm looking at this shit.

You know what, I'm just gonna, you know what? I'm actually thinking about this. I'm gonna just start trading. You know, I am, I'm just gonna probably start trading. Go back to just trading. You know what?

I don't know if everybody wants this kumbaya shit. I don't really know if everybody really wants a kumbaya, man. As I'm staring at this, this is pathetic. Like I don't really know. This is absolutely trash.

I have one of the biggest brands in crypto, outside of crypto. This is trash. Motherfuckers just waiting for exit liquidity on me. Like nah, like I'm done. Done.

I'm sending these things on my own. That's it, man. Fuck that. It is crazy. It is absolutely insanity. It really is.

It's fucking insane. This is crazy. I don't even, you know what? I don't even wanna talk today. I don't even wanna talk today. I'm on my show right now and I'm keeping a 100.

I don't even wanna talk today. I really don't. I'm thinking to myself, right? I'm gonna keep it open, a fucking open conversation. What am I doing? I have turned away every VC, every institutional player.

Y'all see them on this fucking show. People come on here, big time players. I'm on here talking with big time people. Notable people. We're having conversations, hopefully getting value from it.

What am I doing here? I'm trying so hard to, you know what I have happening? I'm trying so hard to unify a fucking space that doesn't give a shit, that only gives a fuck about their fucking gains. There's a few people that are honest about,

hey, I wanna ride with you, D, but otherwise it's not, it's not, that's not it. I got people telling me what fucking token I should fucking pick. They send me tokens, I gotta pick a token that somebody over-leveraged and over-invested it.

No, that's not how it fucking works. You don't get to milk my fucking brand. This guy, you're wasting your time on Robinhood Chain. Meanwhile, we're all cooking on Robinhood Chain. What the fuck are you talking about? This is what I'm talking about,

not being a multi-chain fucking maxi. I have people telling me what I should go ahead and pick. And how dare if I don't, what world did I pop into? Did I miss something? And then I got motherfuckers front running, the same people that dumped Augie,

go into a fucking play on a dank meme like fucking dumb money. This is, I gotta tell you, it is beyond pathetic. Beyond. This is absolutely dog shit. Y'all can keep waiting.

I will not, anything that I've talked about now, I'ma just keep it 100. Anything that I've talked about now, I will obviously still, I still love Augie. I love fucking dumb money. I love whatever else that I fucking got into, I love it.

But moving forward, like I'm moving like a ninja. Fuck that. I can't be out here talking about unite communities, unite, unite, unite. And y'all are just looking to milk, milk, milk. So it's all good.

No problem. I'ma win anyway. And I hope you're watching in silence here. I win anyway. You think you're gonna out-trade me? You motherfuckers think you're gonna hold me

and out-trade me and destroy charts that I talk about? You think you can out-trade, no problem. No problem. Let's play. Let's fucking play. Let's play.

I have no problem with this. Not a single problem. This right here, and I'm just showing you, this right here was the easiest, beyond easiest. Again, I gotta tell you what's frustrated. Let me move into the camera here.

You know what's really frustrating? How many times do I have to talk about the same thing over and over and over and over and over and over and over and over again? How many times do I have to talk about the same subject over and over and over again?

If you guys over leveraged on something that you thought was going to be something, that is on you, is that more clear now? Cause if you're holding the community ransom based on that, you fucked up. Man, man.

It's like, it's weird. I've traded last night. Let me keep it 100. Like I traded last night, it was a fucking pleasure. It was a pleasure just trading yesterday. I'm being, I'm literally, you know,

beefy, I'm literally being held for fucking ransom. It is so fucking true. Like it's the first time I'm even fucking talking about it. I'm being fucking held. It's the weirdest shit. And I'm telling you right now,

it's ruining the entire movement that I've tried to build out. It's ruining everything. So you know what? I'm sorry guys. I can't say nothing more.

And this happens all the time. You have just a bunch of people that are not, they're just here to go ahead and milk away. There's nothing I can do. There's nothing I can do. Zero.

My intentions are good. My intentions are to find plays. Look at it. Guys, you see Floorxenden? Who called, who talked about Floorx before anybody else? Me.

Joshua, me. Crying cat, me. Doe, sheba, pepe, me, me, me, me. Guys, like, I'm telling you. Like I know what the fuck I'm doing out here in these streets.

Have you guys looked at nude? Nudes? Nudes on, that's fucking paired with, with Snap? 10 million. I'm telling you.

Nothing more I can do, bro. Nothing more. I think I need to adjust because I cannot, I cannot be sidelined. I cannot be sidelined in this market. We're in a pre-bull run, right?

Think about it. We're in a pre-bull run, I cannot be sidelined. I can't. I love everybody, but I cannot be sidelined. It's wild. It really is wild.

Here's a guy who says, David doesn't give a shit about his own coin. What coin are you talking about? Do you understand? You guys are leading people off of a fucking cliff. What coin are you talking about?

The 19 fucking hundred coins that have been sent to my fucking wallet? Like how many times do you need for me to come on here and say I have not endorsed? I have not said anything about anything. Not endorsed have not blessed,

have not said anything. And here comes Bro does not even give a fuck about. Absolutely, I don't give a fuck about what you over-leverage yourself on. Send it to zero. Nukem, how about that?

Now I feel better. Now you got the 2016 G. Now you got me. Now you motherfuckers got me. Since you wanna play these games with me, no problem. Let's play.

Send them me fucking tokens. Send them me tokens. Send them me motherfucking tokens and telling me what I should be claiming. This guy telling me what I'm supposed to do with my brand. The fuck is this?

Y'all selling me tokens, telling me what I'm supposed to claim. And then calling me the bad guy. I'll pick whatever the fuck I want. How about that? You don't like that?

Too bad, move on. Sell. I don't even know why you're bored in the first place. Sell. The fuck are you betting on? You ain't gonna put me in a corner

and tell me what I gotta do with my brand? Since when did you start working with my brand? What the fuck are you talking about here? Every single day, the most consistent thing in crypto has come onto this goddamn show. Ain't nobody calling shots from me.

Ain't nobody gonna tell me if I'm a leader or not. The fuck are we talking about if I'm a leader or not? God, motherfuckers in this industry that respect the fuck out of me. I can care less about you thinking if I'm a leader or not.

I've been leading since fucking decades ago. What the fuck are you talking about? I'm a leader or not. Did you all pressure me into picking something? Ain't pressuring this boy into picking anything. You over-leveraged yourself on a bad bet that is on you.

Ain't nobody told you to go into anything. How dare you put that on me? Then you're gonna go ahead and disrespect communities that are trying to rally about a real movement? How fucking dare you? What the fuck out of here?

Think you scare a Russian? You don't scare Russian blood. Don't think about that for one second. I ain't scared of none of you, motherfuckers. God is all I fear. I ain't scared of not a single motherfucker.

Try to be nice. I try to be nice. I try to be nice. I come on here every day, same fucking language, same fucking words are coming out of my mouth and it's just like, we're gonna ignore you.

We're just gonna fucking ignore everything you're saying and we're gonna leave people off of a cliff and then we're gonna blame you. No, no, no, no, no, no, no, no. We ain't gonna do that. You wanted this side of me, you got it.

You got the side that you didn't want. Trust me, you didn't want this side of me. Every day I gotta come on here, disclaimer, guys. I didn't pick anything. I don't know what the fuck you're talking about. There is a movement, but I don't know

which movement you're going into, guys. My whole audience is fucking confused because every time they hear me say something, a bunch of other people are saying something else. Guys, if you don't understand that this shit, if I do anything, it comes from my official channels

and you don't get that, I don't know what to say. I just don't know what the fuck to say anymore. It's like I gotta get somebody who can go ahead and translate this in Spanish, translate this in fucking English for you. Apparently my English is not good enough.

I gotta get people to just translate this shit. I don't know how much more I can do. Take a commercial break, man. What first got you excited about blockchains? Think about it. Oh wait, I bet it was an multimillion dollar hacks,

exposed data, or finding somewhere safe to store your seed phrase, was it? Maybe it was the idea of decentralizing a broken financial system. Maybe it was imagining a world where people own their own data

and get to sharing the value it creates. Or maybe it was the promise of a fundamentally better way of connecting, communicating, and transacting. The next phase of the internet that empowers us is that of exploiting us.

So why hasn't that happened yet? Why are we still living with the same broken system that blockchains promise to fix? It's because blockchains can't keep a secret. Enabling open transparent systems was only the first half of the challenge.

For blockchains to really change the world, they also have to be able to protect our sensitive data when it matters. And that's where we build midnight, to bring down the final barrier to mass adoption and unlock the full potential of the decentralized web.

Let's build the internet we deserve, together. Ladies and gentlemen, we all know this encrypt of ownership matters. That's why Cake Wallet. Cake Wallet gives you full control of your digital assets,

all in one easy to use application. You can store Bitcoin, Litecoin, ZCash, Monero, and many more with just one secure backup. Swap between coins in seconds, no copying addresses, no complicated steps, and even includes Bitcoin Lightning for faster payments.

And with Cake Wallet built in, you can use crypto in real life through debit cards or gift cards, simple secure, self-custody, download Cake Wallet and take control of your crypto. There is an astronaut conducting an emergency repair

on a global communication satellite that could go dark at any moment. We have a second angle of this. Is that guy on FOMO? Oh, he's just looking for him. Crazy crazy.

Yeah, let's get back to it, everybody. It's a division of the United States of Europe. The satellite has never stored. Yes. Crisis appears. There we go, United States of America,

representatives of the United States of America. Obnism does not work. Digital assets, is it better to move money at the speed of light when people are greedy when they also try to acquire gold? And here, providing electricity

and that energy that is necessary. I'm the modern day token. The token that I will pick for the movement will be my token and my token only. So, bottom line. And everybody's gonna have to,

everybody's gonna have to be good with that. And let me tell you something. At this point, if you're not, so be it. And it might not even be in my wallet. I don't know, maybe I'll fucking create one

at this point, I don't know. I don't know, now I'm gonna do things a lot. I've been very nice, been extremely nice, been extremely detailed, extremely transparent.

And it's just like nobody's getting it. I got a bunch of people here. Shout out to the ones that ride. I got a bunch of people here that are just trying to milk the brand. And I'm just gonna go back.

I'm gonna want to do what I did yesterday in the days before, I'm just gonna trade. That's it, I'm gonna just keep on trading. That's fine. And you know what? A lot of people will miss out.

That's all, what else can I say? I try to go ahead and do it differently. I got VCs mad at me. I got institutions mad at me. I got cobalt members mad at me. I got influencers mad at me.

I'm trying to unite communities. I'm doing everything possible. And it's just like, it doesn't matter. So you know, fuck it, it is what it is. Like that's it, fuck it, it is what it is. That's bottom line.

It is what it is. I'm gonna have people tell me what I should trade, what I should get into, what I should be picking. Like this is, I've never, in the life of me, for the life of me, since I've been in this space, I've never had anybody tell me what I need to be doing.

I've never had motherfuckers tell me, you have to pick this one or else. I've never had that. If anything, everybody was happy to be a part of whatever I was doing. Nobody was ever fucking telling me,

listen, you gotta pick this. Anybody who's been riding with me since fuck it, even before 2016 knows like, if anything, everybody always wanted to be a part of things that I'm building. Now all of a sudden, 2006, 26,

I don't even know half the people here. We haven't even had time to get to know each other and people are telling me what I'm supposed to be doing. I don't even know you. I don't even know you. I got DMs, Dave, putting 50K into the chart.

I'm not putting 50K into charts anymore. I'm not, because this is a community thing, right? This is us riding together, we're all at the front lines. I don't have to address, again, what's in my wallet. My wallet was very simple. Do you want me to pull up the post?

Let me pull up the post. Let's break this whole thing down. Maybe it just, maybe I have to do a visual. Maybe it has to be visual. Maybe this has to all be visual. Hold on, it has to be visual.

I think in order for us to move forward, what I need to do is visual. This has to be a visual thing. Otherwise, we're not gonna go nowhere. Let me find it. I have to do a visual thing.

It has to be visual. Give me a second. I'll find it. I will find it. Even if it takes the entire, like this time, if I have to ruin a show,

where I wanted to talk about some of the dankest crypto that I've seen out here, if it has to ruin that, I have no problem. Give me a second. Let me find everything so everybody understands. Because it can't be this way.

It can't be that every single time I come onto this platform, or every time I do a show that I have to explain. Bro, rhythmic care. You are absolutely scaring the fuck out of everybody. Okay, out of everybody dumb money.

See what you're doing? I don't know what you did with Augie. I don't know what you're doing with dumb money. But I gotta tell you right now, you are acting like dumb money. Okay, 100%.

I'ma let you know that. The whole I'm not planning to sell thing. Nobody knows you. And nobody's gonna go into something with somebody holding almost 5%. Like, that is absurd.

What do you need 5% for? It's wild. You think somebody's gonna go in? You're holding 5%? You're holding 5%? Nobody knows you.

Respectfully, you think they're gonna go into a chart with 5% being held by somebody? You're not doing anything exciting. And if anything, you're making the shit stall out. We could have been having fun already. Like, it could have been sending.

Crazy shit, man. I've never seen this shit. You guys are like fucking greedy, bro. Like legit greedy. Y'all are full of greed. I bought 320 million

because like it was the spawn of the moment. But people know I, I'm not gonna do no fucking crazy ass things. It's wild. Y'all are just absolutely wild. Motherfuckers can do whatever they wanna do.

God bless you. Y'all can do what the fuck you wanna do. I can also. This is fucking wild shit, man. I've never seen you have a play like Dumb Money, which is the fucking one of the most insane plays

narrative in the little workout because you got people out up here just being fucking monsters, bro. Like, it's wild. But you know what? I'm gonna make sure to scan for it

if that does happen. So I'm in it because I'm first to everything. I am literally first. Floric, all these things. Crying, everything that's standing right now. I've caught two, three years beforehand.

But I don't know what else I could. Y'all want me to throw 50 grand into shit? I ain't doing that. Done. You wanna go ahead and buy 30% of the fucking bag? Buy it.

Have fun. I don't give a fuck. I am seriously, I'm laughing. People are saying like I'm having a breakdown. I'm not.

I'm just breaking it down. I'm passionate about it. I'm tired of repeating myself too. It's annoying. Shit, I would hate listening to myself. I'm just trying to,

can somebody give me the tweet? Can somebody find the tweet of the, can somebody please find me the tweet that I made about my first, about creating my pump.fun profile? Can somebody find me the tweet

where I made my pump.fun profile, please? I beg you. Because I want it to be, I wanna showcase something because I'm gonna break this down like we're in elementary school, okay?

And after this show, we're gonna figure out who wants to move forward and who doesn't. And that's totally fine. I'm good with it either way. I'm good with it either way.

But you know what? I gotta protect my audience at this point because I've done everything possible to protect my audience. But now we gotta go a step further with this motherfucker.

I can't. I fucking can't do this anymore. It's annoying. Like I don't wanna fucking talk about this no more. Every single time I come on here, I'm talking about it.

I say this the last time I'm gonna talk about it, but I'm still talking about it. It is the craziest thing in the world. It is absolutely insane that I continue to fucking talk about these things. Yes, June 27th tweet.

Yes, please, Dr. Crypto, please. Give me that. Give me that. I made the account on June 27th, I think. I need that right now. I really don't get animated like this.

I really don't get animated like this, but you know what it is? It's just nonstop. Like I'm trying. I have tried. There we go.

Thank you so much. You liked it. Thank you. That's what I needed. Okay. That's what I need.

Let me save that. Hold on. Let's go step by step here. Before we go into things that I've looked at, let's go step by step here. Let's see if I can get into fucking history here.

History. Okay, boom. Okay. Guys, I want you to look at this. Let's go ahead and get me out the picture. Here's the picture, okay?

Follow me here. Okay, follow me here. Guys, I want you to follow with me. On June 27th at 11.53 AM, I asked, should I make a pump.fund page and just buy memes on there?

And that's after our conversation about, hey, maybe it's time to showcase the real memes like Bobo, like Troll, like others. For anybody who was in the space and heard me talking about it and on other streams talking about this,

you heard it, right? I'm pretty sure you did. Let's go through this. So here it is. Should I make a pump.fund page and just buy memes on there, okay?

On June 27th, tonight, that's when I was thinking about, okay, you know what? I'm gonna make one tonight. You see that? Is everybody reading with me? Is everybody reading with me?

Is everybody reading with me? I hope so. Okay, let's continue. Here goes June 28th. I'm going to repeat this again. Let's go ahead and highlight this for everybody.

I am only buying from this page, nothing more. I'm gonna read this again for the hearing impaired. I am going, excuse me, well, I'm gonna read this. If you can't hear me, put the captions on. I'm going to repeat this again. I am only buying from this page, nothing more.

Are we all clear? Are we all on the same page here? Day one, okay? Day one, I'm only buying here. Shit, I gotta transfer money because I wanna buy the money.

As I'm talking about this right now, that guy's telling us, you know, I gotta get fucking my money right. Oh, shit. I gotta get my money right. Ah!

Oh my God, live on TV, man. Live on TV. Don't buy. Don't do not buy. Don't buy. Don't buy.

Please don't buy. Don't buy, don't buy, don't buy, don't buy, don't buy. Let me buy it. I'm gonna buy the whole fucking supply. Oh, don't buy. Stop buying.

Transfer, transfer, transfer. Come on, transfer. Ah, anyway, while we wait, while we wait for my transfer so I can buy. Oh my God, stop buying. It's like it'll be on purpose.

It'll go up, stop buying, please, please. Don't buy. Anyway, going back to my pump, my pump.fund page. I'm going to repeat this again. The day that I started this,

I am only buying from this page. Nothing more. Is everybody? Chat, are we clear? It was the messaging. Like, fuck, are you guys are buying?

I want to buy. My transfer is not hidden. Come on. This is ridiculous. This is, this I give up. I give up.

This is dumb money. This is dumb money. Oh my God, this is dumb money, man. This is dumb money. This is dumb money, I swear to God. This is dumb money.

This is such dumb money, man. It's just, oh my God, oh my God. Anyway, going through this, waiting for my fucking transfer. Ah, you know what, I'll buy higher. It is what it is.

I get the price that I deserve, I guess. Get the price that I deserve. It is what it is. Will you explain the 15% bundler? What is the 15% bundler? What is the bundler?

Do you understand I bought this off of a whim? Now I was sitting there bored and I saw this and I said, hey, this makes sense. What are you talking about? Dude's talking about the liquidity pool. Oh my God, I'm done.

I'm done with these people. Oh, this is dumb money. This is dumb money. This is absolutely dumb money. 100%. 100%.

This is dumb money. This is legitimately what it is. It's dumb money. This is dumb money. The dude's like, who's holding 18%? It's the fucking liquidity pools.

I can't believe you even said that. I can't even believe you said that. Oh my God. Oh my, I can't. I'm having a nervous breakdown. Hold on, I gotta retweet this.

Oh my God. What is happening? Jesus Christ. Oh my God. This is, I can't. I can't.

I can't. This is crazy. This is absolutely fucking crazy, man. This is absolutely crazy. This is crazy, man. This is wild.

This is crazy work. This is fucking crazy. This is the dumbest shit I've ever seen in my life. This has got to be the dumbest shit I've ever seen in my goddamn hits. In the time that I've been in crypto,

this is by far the dumbest shit I've ever seen. Absolutely 100% the dumbest shit I've ever seen. Who's the 11%? Are you kidding me? Congratulations. Congratulations, bro.

Like congratulations. By far the dumbest shit, the dumbest. The money. Dumb money. This is dumb money. About 100.

No doubt about it. I've never seen something like this. That is a first for everything. There is a first for everything. Anyway, let me finish this up, guys. Okay, let me finish this up

because I didn't get to finish this. So as you can see, for those who can't see, hopefully you can hear, I'm going to repeat this again. I'm only buying from this page nothing more, nothing more.

And this page says view coins, live streams, and trading activity. Did I ask people to send me anything? No. How many times has David told you to send him something?

Never. I don't know. I really am, I'm probably, I'm probably losing my mind. I'm sitting here right now thinking I'm losing my mind. I don't have to say David, say fuck you to all.

I don't have to, you're not my agent. You don't have, I don't, I don't have to say David, say fuck you to all. There will be no endorsement or blessing or whatever the fuck you say. You say we could, no, I don't have to say that.

I've already said I haven't endorsed nothing. What you're doing is you're assuming, I've been sent tokens and you're assuming and then people are trying to put, you got to pick this one. No, I don't got to pick anything.

You sent it to me. If I go into things based on hypotheticals, that's on me. If there's clearly somebody saying I have not endorsed anything, I have not picked anything, guess what?

If I'm going into these things, I'm going based on potentially maybe a person picks it, but if he doesn't, then I am the one who went and made that decision. Anyway, this is cleared up now because I'm not going to talk about it no more.

So you guys can think whatever the fuck you want now. I'm not the bad guy. You guys are not going to put that whole, oh, he's the bad, he picked my, no, no, no. We're not doing that. That's it.

Now that I completely, I don't know, I've gone to the deepest lengths to go ahead and be transparent with my audience. Crazy, wild. I've never been through it. Like, honestly, this is the first,

it's not even, we're not even into the cycle. We're not even into the goddamn cycle. There's the first, bro, let's gang together. Let's grow together. Let me, let me build, no, wild. I've got to tell you, I've never seen this.

And then I got a guy here telling me that, well, explain to me who's the 11% holding. I mean, do you even read? Do you even know how to read chains? Fuck, it went down. I could have got more, man, and I didn't.

This sucks. This sucks. Now to address, somebody did say, somebody did say, so I'm going to say this one last time. I have never picked anything. I have never picked a white bull token.

I don't know how much more clear I have to. There are people that said they have gone into all five and six or 11 or 12. Guys, that's on you. I will pick and choose what I go into based on my decisions and my decisions only.

But for the time being, I am building up a list. So I see somebody came in here before and said, yo, Dave, hold on, let's get to this fucking comment. I'm ready for, I'm ready today. And for those who have been watching me, you already know what you're getting today.

Well, you know, smelly cat wanted to come in here and say, just get back to Augie. Don't change tokens every day, man. You'll ruin your reputation. I've spent almost, how much did I spend? I spent almost, I think five grand.

Have I spent up to five grand? I think I spent, or 4,500 to five grand on Augie and I have this fucking remark. Motherfuckers have dumped on my head with the Augie shit and I have this remark. And then in a market where you could participate

in anything, I have somebody telling me, well, you need to stick to one thing only. Well, we can go ahead and trade everything else. You stick to one thing. What planet am I on? Where, what fucking planet am I on?

David, please continue to put in more liquidity as we go ahead and drop these nuts on your forehead. David, please continue. Continue to put in more money. David, come on, bring back to old David. David, throw in a hundred grand like you always do.

Throw in 200 grand. Throw in fucking 300 grand like you've been accustomed to doing. Do it so we can dump on your forehead. Oh my God. Oh my God.

Dumb money. This is literally the perfect ticker. But I am feeling this today more than ever. What started off as a fucking complete joke of me just saying, fuck it, boom, here's $5,100 into something.

What started as a complete fucking joke because I saw the narrative and I'm in love with this narrative. This is it. This is it. This is the Robin Hood meme

that connects with GameStop. This is perfect. Oh my God. Oh my, I am so fucking speechless. Today is a day where your boy is absolutely fucking speechless.

If there is ever a day where David Gochstein was speechless, it's today. Y'all won. You have absolutely won this one. If there was ever a day

where I could even find the words, it's today. Y'all win. No more. I've never been speechless in my life. Today's the day.

Never have I been at a loss for words. Never have I been at a loss for words. Today's the day. This is the definition of dumb money. For the man to come in here and say, let's replay the show in real time.

Man comes in, who's that 11%? Not recognizing, that's the LP. Wall Street was right. Wall Street was right about us. Oh my Lord. Oh my Lord.

Oh my God. I am speechless. And then I have people telling me I can't trade either. Focus on this. David, why haven't you? It's not like I gave a speech about it yesterday.

It's not that I have a recorded fucking space on Augie. But I'm being told now, you must look at that one. And then if you look anywhere else, you're gonna ruin your reputation. Okay? I guess I ruined my reputation.

I'll give you an example. When I talked about Pepe and Bobo and fucking Mog and all these other things that fucking went multi-millions. Guess I ruined it by calling good calls. Okay, okay there. Thanks.

The Wojacs and the Moomoo, Moomoo the Bulls, yeah. Yeah, remind me again? How did I ruin myself? Remind me again? Oh, it's cause I'm not talking about your shit. Wow.

Wow. Let me go back to this again. I have to go back to this again. I think I have to go back and share this page. I created a pump.fund page in June of 2026. June 27, 2026.

I'm gonna read this again to everybody. Should I make a pump.fund page and just buy memes on there? I said then tonight. Then the next thing was this. I'm going to repeat.

I'm only buying from this page, nothing more. You guys decided to send me tickers. I'm gonna be very loud now. You guys decided to send me tickers. You decided to make images of me onto tokens. You guys decided to do all these things

and send it to me. Thank you. Appreciate it. I can go ahead and do whatever the fuck I want though. I have not endorsed, and let's say this for the fucking,

since June, 2026 of the 28th of June have been saying the same thing over and over again. I have not endorsed. I have not blessed if people are buying five, four, three, all of the fucking bulls. That is on you, not on me.

And I will choose whatever the fuck I want if I ever choose anything related to a white bull. Me going out there on social media, liking the white bull, which I've been called the bull since the longest time on this goddamn fucking,

and within this industry, I get to go ahead and choose bottom line. I don't know how many times I'm gonna say this. And people are gonna have to accept it. Whatever I choose, you have to accept it. And there, and that is because it is my brand

and my movement that people are going to be a part of and that we're gonna build. People forget about paying taxes. See, this guy over here probably doesn't pay taxes. So he doesn't know, you guys send me this shit and I have to pay taxes.

Fucking idiots, man, honestly, holy shit. Yeah, you can't even build. Yeah, yeah, yeah. I'm gonna keep building. I don't give a fuck, but it's just like, this is what it is.

This is dumb money. I mean, this is the definition of it, man. The ticker makes sense, no wonder I bought it. No wonder I bought it. No wonder, no wonder. Anyway, welcome to the breakdown.

We'll be back right after this commercial break. What first got you excited about blockchains? Think about it. Oh wait, I bet it was in multimillion dollar hacks, exposed data, or finding somewhere safe to store your seed phrase.

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Or maybe it was a promise of a fundamentally better way of connecting, communicating, and transactive. The next phase of the internet that empowers us instead of exploiting us. So why hasn't that happened yet? Why are we still living with the same broken system

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you can use crypto and real life through debit cards or gift cards, simple, secure, self-custody, download Cake Wallet and take control of your crypto. There is an astronaut conducting an emergency repair on a global communication satellite

that could go dark at any moment. We have a second angle of this. Is that guy on FOMO? Probably. Just like she first. Crazy crazy.

Yeah, let's get back to it, everybody. That's a good thing. By instant crew, the satellite has been restored. Crisis appears. There we go. United States of America, represented.

Socialism and communism does not work. Digital assets. Is it better to move money at the speed of light? People are greedy when they also try to acquire gold. And here, providing electricity and that energy that is necessary.

I am the monitor, Dave, Tony Scott. There we go. United States of America, represented. Socialism and communism does not work. Digital assets. Is it better to move money at the speed of light?

People are greedy when they also try to acquire gold. I am here, providing electricity and that energy that is necessary. I am the monitor, Dave, Tony Scott. There is an astronaut conducting an emergency repair on a global communication satellite

that could go dark at any moment. We have a second angle of this. Is that guy on FOMO? Probably. Just like she first. Crazy crazy.

Yeah, let's get back to it, everybody. It's been restored. Crisis appears. Is that guy on FOMO? Yeah, let's get back to it, everybody. There we go.

United States of America, represented. Socialism and communism does not work. Digital assets. Is it better to move money at the speed of light? People are greedy when they also try to acquire gold. I am here, providing electricity

and that energy that is necessary. I am the monitor, Dave, Tony Scott. Welcome back. Uh-uh. You know, in some ways I do feel bad. I really do feel bad for the community

that really wants it. I do feel bad for you guys. Because, you know, obviously I'll try my best to continue to put out things out there, but for whatever it is, whatever it is, it's what I've seen.

You know, I was thinking about this. It's what I've seen in other projects that become really big. There's a lot of mutinies that happen. A lot of things within these communities that cause fractures,

and then you have this kind of shit going on. So it sucks, because the intentions are pure in sending something, but motherfuckers can't even count. I mean, where am I? You know what, I haven't sold my agi either.

I haven't sold it either. Now what? No, I haven't sold it. Now what? Like I said, I'm not making the memes my personality. There's only one meme that I would ever make my personality.

That's it, bottom line. Other than that, these are things that I'm gonna hold and hope they become multi-cycle. Dumb money, ridiculous narrative. Ridiculous narrative. This is like a, absolutely,

this is like, this is a slam dunk. You guys wanna participate on Robinhood? You wanna get your first kicks on Robinhood? I don't even know what else I can say. I'm just praying that maybe y'all will sell some shit. So I can come in here and grab like a good,

I don't know, maybe I'll grab them more at a good percent. Maybe I'll do that. I'll wait. Fuck it. I gotta wait another, if this the one where I fucking wait, I wait.

Anyway, let's see what's, I mean, this is a joke, a joke narrative. Please sell, please sell. I'm like, I'm praying for people to sell. This is the first time in my life that I'm praying for people to sell.

Sell, please sell. Sell it, sell it, sell it down, just sell it. Don't hold it, bad token. Sell, sell it, sell dumb money. Sell it, sell it, sell it. I know that's bearish,

but fuck, I hate talking like that, but fuck. Anyway, thank you for tuning in to the show today. Appreciate it. Let's go to Polymarket real quick. I wanna see what's happening on Polymarket. Let's, oh shit, so this shit is changing.

Shit is changing on the Fed's decision. Well, at least the people feel that way. Let's go ahead and pop that up real quick. Things are changing. Fed decision in September has now, has now moved to no change 43%.

25 basis point increase 56%. Wow. So that's what the people feel. That's what the people are feeling. That's what the people are feeling. Okay.

That sucks. Don't wanna see the rates raised, but it is what it is, man. We shall survive Polymarket. This is what's, again, Polymarket is coming out with this

and making this statement. So that's what it is there. That's what it is there. Yes. Somebody's selling, somebody's selling dumb money. Yes, sell.

Good. Good, good, good, good, good, good. Keep selling. At 114. Perfect. This is what I mean.

I have people that are inside the charts and I'm showing this in 4K that are trying to, because I'm talking about something, they're trying to do this. And this has been a very critical learning lesson for me

to understand how everybody has set up their things, have my AI agents run nonstop, have my team run things nonstop to see what's actually happening so I can see everything in 4K and I've seen everything.

So it's one of those things that I really appreciate. It's been a grand learning lesson that there are some people that want to be a part of something that I'm doing which I got to start thinking about it myself. I've fucking thrown away all connections

to go ahead and do something epic and here I have, I don't know what the fuck I have here. I got people telling me what I should be calling, what I should be talking about, what I should go ahead and endorse.

It is the wildest. People at OGs have contacted me like, yo, you have people telling you what the fuck to do, are you crazy? I'm like, I'm not, ain't nobody telling me what to do.

Anyway, the Fed, people think 56% believe that the Fed might raise rates by 25 basis points. Shout out to Polymarket. Shout out to Polymarket. Anyway, I'll be back on YouTube

because I'm going into dumb money. On YouTube, that's right. You can catch me talking about the latest things on Robinhood. You know what? I wanna look at Robinhood real quick

and see what's populating on Robinhood. I think it's a really good time to go ahead and take a look at that. Again, I'm gonna play this for folks because I think people don't understand and I have to make people understand.

Here you go, guys. I'm going to repeat this again. I'm only buying from this page nothing else. And I've said, don't send nothing to me and you continue to send something to me. Don't know what more I can say.

I've said enough and I won't say it again. Even though I said I won't say it again and I'm saying it again, I won't say it again. I'll try not to say it again. Anyway, on that note, thank you very much for tuning in.

Shout out to the sponsors, Midnight, Poly Market, Cake Wallet and FOMO. Appreciate it. We got more shit cooking up. Goxing.com, you can go ahead and check that out. Gmarcus.io for the latest information.

I'm gonna be on YouTube. I'll let you guys know when I go live. And on that note, I'm out.