We break down the state of the Meme economy and make comparisons to what we saw in the 2021 bull cycle. Memes on Solana have strong parallels to the NFT market on Ethereum from last cycle, especially when you compare revenue figures of the top marketplaces like pump.fun to Opensea. We give our thoughts on where we are on the timeline of meme mania and speak about the impacts memes are having on the broader crypto market. This includes methods of launching new projects by leveraging memes as a more user friendly go to market vehicle to onboard community and then adding complexity layers down the road to not off-put sentiment.
Also, when it comes to marketing narratives memes seem to be dominating the mind share so we discuss how we are approaching $NAT from a marketing perspective. Now that $NAT is weeks away from officially becoming Bitcoin’s second subsidy reward coin, how we classify this new coin is important for public perception. Some do not see $NAT as a candidate to fit within the existing market demographic of memes and rather see a new narrative formed around the coin that distinguishes it from the meme asset class due to its technical provenance to DMT and the broader mission of supplying Bitcoin miners with additional subsidy to sustain network security. We discuss our thoughts on this and also the liquidity dilemma when it comes to supporting Bitcoin assets. All sectors of the Bitcoin ecosystem are facing this problem and are actively working toward building solutions that can either bring more liquidity to Bitcoin from other chains or port Bitcoin native assets to other chains like Solana to benefit from those capital markets.
Vitalik Buterin sparks our debate on the merits of stock to flow and how it applies to Bitcoin. Is Vitalik right that stock to flow is a model that doesn’t apply to Bitcoin anymore or at all? The macro economics situation is another factor that is contributing to the value depression of Bitcoin in the last few weeks. The federal reserve has run out of options to get us out of the highest inflation since the 1980s. We discuss the ramifications of our current fiat monetary system.
With our first post since June 2021, we discuss Microsoft's acquisition of Activision Blizzard and what it means for the metaverse. Predictions for where Bitcoin is headed is made. We also go into the intricacies of building in the metaverse. Is Bill Gates part of an ultra secret club to take over the world?
When we started this podcast, we predicted that there will be a phase of the industry that would see the adoption of cryptocurrencies at the country level. This level would be the last phase before we would have world wide adoption taking place. Today was the first step of that phase. El Salvador officially acknowledges Bitcoin as legal tender for the country. President Nayib Bukele of El Salvador is setting a precedence for the rest of the countries as the adoption of Bitcoin is imminent. The Colonial pipeline hack compromised a fundamental part of the US infrastructure, however did the FBI really compromise Bitcoin? Finally we debate on whether we're going to see a resurgence of Bitcoin and the field of cryptocurrencies sooner rather than later.
We return after a few weeks since our last long from podcast. Having projects of our own has taken a focus for the time being but we're dedicated to creating content because it helps us stay knowledgeable about what's going in the crypto space. In today's podcast we take a look at the signal for all cryptocurrencies Bitcoin. We make a call whether we're still on the way up or we've entered a long form of an accumulation pattern. We then shift our focus on Elon Musk and the confusion surrounding the energy consumption of Bitcoin and Ethereum. Our projects are focused on the metaverse and the larger blockchain gaming space including Ethermon and we get an evaluation as to how big the gamin industry can get in the blockchain arena.
After a long Covid stretch where getting together was a challenge in many respects, the crew is back on the podcast to discuss the latest happenings within the metaverse and reality. Elon showcases a new NFT. We discuss why predicting the trajectory of bitcoin matters in the grand scheme of things. The metaverse has huge implications that aren't obvious yet to most people, we discuss why the metaverse will the place many decide to spend their time on. NFT's are all the craze right now, what's next for this vertical in the crypto space?