 All right, buddy. Welcome to the Wednesday live stream. We got a lot of things to go over. So let's just jump right in and get into it So just like the thumbnail and title suggests really it comes down to where you're at in the cycle And of course some people will say that the four-year cycles are defunct and they don't work But I'm still a believer in them because so far it's been 13 years or so and they still hold up So right now I still believe that we are in the little bit of a dip before we get into our having And just so everybody knows my buddy Tom crown just point this out to me today that the having is supposed to be on 420 Who to thunk it so it is coming up fast. It's coming up quick and that's really just where we're at So when we take a look at this I just made this a quick little graphic not to say that this will be perfectly in alignment because Nothing actually works perfectly But so far it's been the same thing over and over again You get a having then you get an all-time high and a dip and a reset happened 2016 2019 2020 we're having all-time high in 2021 also look like a double top in 2022 We took a big massive hit and got kicked in the teeth and from the tip top of where we were at I think it was November 11th 2020 2021 to the bottom which was again in November one year later 20 I do it take it took exactly Exactly one year then 2023 we get a reset which we just lived through and now 20 94 We're going on the upward incline and of course just like Tom said 420 is coming around pretty quick And we have the having and then we jump in so that is just taking a look at it But as everybody has a reminder and I know that there are some people that have been here since 2012 2013 and some of you have been here since 2021 and for those people I want to say thanks for sticking around He did a pretty hard thing to do which was you know essentially get beat up and you stuck around and you listen to some People and maybe you bought some dips here and there and you're like you know what I'm ready to roll and for those people Congratulations, but I have to remind everybody about this that usually when we go into having's It's a little bit of volatility. So I want to I want to take a look at two data points Because in all honesty, we really haven't had numerous data points to really plot a ton of information First having had in 2012 what I want to look at is 2016 and 2020 and the exact dates for the having of 2016 was July 9th 2016 and I want you to notice something that Just like we had the ETF remember the ETF that came out everybody thought it was gonna be the most fantastic thing of all time Well, it wasn't it could still potentially be I'm not gonna you know attack negatively about it. I think it's doing quite well However, it was a real buy the rumor sell the news and that's essentially what it is now on this case We're gonna see the same thing on July 9th 2016 You will have you get April April April you buy the rumor as it's actually it's not a really rumor That's gonna happen anyhow, but people are gonna tell you like this is it You got to get in you got to put everything in and you can do that I'm not here to tell you what to do not a financial advisor But just know that usually what happens is the price starts to spike and it drops off as we go into like the actual having itself And it kind of tapers off and it gets boring it gets very boring actually and you're gonna take a look at this Like what did I sign up for why am I even here? You know, it's because Essentially the having is the catalyst to kick us off to when we get into the bigger numbers Going into 2024 towards the end of 2025 So that's just the first for peace. Let's take a look at May 11th 2020 and again We can kind of see this thing kind of rolling out and doing the exact same things. We come over here Same thing Things are to do pretty well people are all excited about the having it's gonna happen, baby We're gonna it's gonna be the best thing of all time and moon boots and everything else and down it goes Now this was a little bit of different case because if you remember around March 2020 ish, what was the big event that happened? Surveys of sickness exactly so it's a little bit skewed and people went down But I still think that we would still have a big a big drop-off as we head into the having Which was again until May and then it went sideways forever and people were bored and it's just how it's gonna happen I believe again now not to say this is gonna keep happening again and again again But it's like we're kind of lining up to the same thing happening And I for one kind of feel like we're in the right place at the right time However talking about all that this time will be different and I can guarantee it And the reason why I can guarantee it is because there's these things called ordinals This is a great piece that was put out by Bitcoin magazine and it said the Bitcoin having why this time could be different But it really is I'm gonna skip all this stuff cuz boring Let me see if the good stuff Ordinals if you're a Bitcoin maxi you love more hate him most of you guys hate him That's just what it is But I gotta tell you if you're a Bitcoin minor you love an ordinals because the actual Transaction fees are through the roof Congratulations, you've surpassed the theorem gas fees. I think that could actually happen anyhow Here's what it is Ordinals of course that is the the process as you can inscribe and you can embed different applications or gifts images Text onto the the Bitcoin blockchain and it stays hopefully forever so ordinals There's this thing called a Rarity value to specific satoshis or specific sats. I didn't know this each block has a coin base thus producing an ordinal Does anybody know what a coin base is besides a centralized exchange that usually fails us during the peak of the bull runs Just kidding Coinbase on the Bitcoin blockchain all transactions Executed on chain or combined to form one block when a block is formed It will be immediately added to the blockchain each block should contain one or more transactions The first of which is also called a coin base transaction So every 10 minutes when they produce a block, that's your coin base transaction Interesting the things that we forget going forward. So next piece each normal block produce produces an uncommon Sat or an uncommon Satoshi the first block of each difficulty adjustment produces a rare set So, you know that over time as The Bitcoin miners, I'm not a Bitcoin miners Just what they tell me that over time there is a difficulty adjustment depending on how much hash rate is actually going on Depending on how much actually mining processing power is happening. There is a difficulty rate I know some people say we'll probably understand because the Bitcoin's gonna go a business some are that's just how it is But when they do go out of business and this actually will happen I believe in the Bitcoin having like it always does they're gonna shut out those mining rings because it's the same amount of power For half of the amount of the rewards This is gonna happen the difficulty adjustment will adjust down Then the miners that actually can make it and that's the why they're selling off right now So they can make it later. They're gonna be the ones that are gonna be the big winners So when that happens, there's this thing called a rare Sat and the first block of each having cycle Produces an epic set. I had no idea that was a thing The first block of each having cycle produces an epic set. You know what it's gonna happen April 20th Imagine that somebody inscribing on that sat for that ordinal how much that would be worth a dollar $20 1 million dollars. Who knows that's where I think it's gonna get interesting This having will be the first one since the widespread adoption of ordinal theory There has never been the production of an epic sat while there was material market demand for it The fact that a large market segment of Bitcoin space would value that single-coin base Jurastically higher than any other creates an incentive for miners to fight over and it talks about reorganizing blocks I'm not gonna get into it's very kind of drool, but this is one of those instances where that ordinal I Personally believe it's gonna be worth a lot of money, but we'll see how it all works out But this is definitely gonna be different and that's where we come from So let me just think about that in the comment section and then also I I need to do a video on how to do an ordinal inscription if you'd like to see that put that that comment in the section or a second comment down below and I'll make a video about how to actually inscribe in ordinals and I use all that stuff But I won't do it unless somebody or if you guys actually want to see it because somebody really couldn't care So there is that piece Now I'm moving into what I called the Goldilocks zone because right now we talk about the having all that stuff But around the having is when fireworks happen and this was actually shared with me by Lydia crypto and I had not wasn't aware of this, but it's very true This is Goldilocks zone is when we have having said around that time is when if you're a smart Project you know that this is around the time when things start to take off You're not going to launch a bunch of projects in the bear market when no one wants to do anything and they're out of the Out of the system what you want to do is you want to wait around this time when there's a plethora of liquidity or a more liquidity coming into the sector and That's when you can actually maximize your potential and that's where we're going to see a lot of projects come in and start up They're going to be monsters So on this one, I like this one Maddox April 2019 That did okay axi which we're going to talk about a little bit Solana April 2020 Sand August 2020 Shiba Inu August 2020 Avax. We're gonna talk about that as well September 2020 gala August 2020 All this happened around this Goldilocks time frame and you will notice I did not mention one thing and I will Luna Luna also launched on this time and it was a massive hit But it's your job as an investor to figure out which one of these are gonna be the grand Be all everything and the ones that are gonna collapse now. I can't tell you what that is But I can tell you for me personally. That's why I diversify so talking about that Avalanche and a Vax this was a piece that I pulled this just happened in six hours ago And actually it was a there's a video that was posted by the avalanche team and this is here from the salts salt connections there different Is this the meeting that they had for Different powers or titans of industry I guess in the blockchain sector. This is John Haas and You can follow him here link in the description. He's a senior senior vice president at Aval labs anybody who Has a mullet for their profile picture can't be all bad Just listen to what he says because I think it's it's kind of striking about what people believe About the block chains and the ones that are actually gonna win Let me pull this up so you can hear it perfectly. I want you to actually understand what he's saying Take a listen. This is a 45 seconds or so With people building in blockchain crypto I think the biggest misconception is that there will be a single chain that will win outright or a single chain can be Used for all of the digitization and transfer of value across Numerous different kinds of asset classes previous year cycles. We proved out the main chain thesis that was our brawl We launched subnets that was our walk and now we're gonna be start to connect a lot of these subnets together That's gonna be our run moment where you start to see traditional finance applications enterprises gaming and all these different innovative Applications on their own sovereign chains have connection and see that value transfer and really start to see the next stages Of what blockchain? Yeah, well, we'll see so like with that one It makes a lot of sense of what he's talking about and if you're unaware Avalanche actually partnered up with JP Morgan to do their cross-train Transactions for our WA is a real world asset. So when he's talking about these things about, you know It's not just going to be one winner of a blockchain. I happen to believe that look I'm old and that's not surprised anybody but When when I was coming up when we heard about the internet we thought it was I swear to God We thought that there would be one it'd be one website for everything and I would do it Maybe like a couple maybe that was about it and then of course when social media came about we're like, you know what? How many do we really need? I mean just one probably good pretty good Friendster looks like it's gonna be awesome And then of course here we are we have like tons of them So I know when some people say no, no, no, we're only gonna have one There's gonna be one blockchain and one winner and that's pretty much it. I understand the thesis I get it of course if we're talking about Everything that as far like execution layer for the internet Sure, but I still think there's gonna be more winners than just one, but I could be wrong. So having Being playing on that theme itself. I thought it was interesting about what AVAC is actually doing So they are really heavily into of course. He talked about subnets but gaming and gaming I know this is one of the things that I talk about on the channel for quite some time Because I think that the next narrative is going to be three things AI As we all move to that Dexes decentralized exchanges because a centralized exchanges really can't keep up and the dexes that we have right now are vastly an improvement over the originals and the last one is web3 gaming and One of the reasons is because there's a lot of opportunity there I know some people say well, how much money is really really available? Look if you compare the movies to The revenue that's created in gaming. It's not even close I mean, it's over 180 billion that's in 2021. I don't have updated graphic for this one But the movies just in movies 39 billion that was before the big slump off with a coronavirus in 2019 So they're wildly vastly superior and then the question then becomes well Well, how many gamers are there if you take a look at the tista number of gamers in 2015 is 2 billion and 2023 we had 3.22 and I'll probably get 3.3 billion. That's a lot of people how many people on the planet? Like 8 billion 7.8 correct me the comment section but You know roughly there's a lot of people who played games and that could be a multitude of games that could be hypercasual that could be the goofy games in your phone or that could be the crazy games that are out there like the eSports people and this was a post by avalanche gaming They said hey in case you didn't know eSports being pretty big and then right here under Statist that says the video game market is worth an estimated 3.85 billion and eSports players are increasingly contributing to that figure They just signed a deal With TSM's the Blitz the Blitz will host avalanche branded tournaments and create myriad new ways for fans interact with their favorite games All on their own dedicated chain So there is that piece and I gotta tell you we've come a long way in web 3 gaming as opposed to like this Which is what everybody makes fun of axi infinity although it has made a resurgence on the rona network. I'll give it that I Mean these are kind of goofy Let's just be honest to games like this and this is from avalanche have a vax games off the grid Now these are the games that like two years ago. You didn't see this these are games that are actually Available right now. You can play them. They're on PlayStation Xbox and PC and then you got massive people like Dr. Disrespect who I'm I don't follow him, but I'm just saying Obviously not but he's highly entertaining guy and you know four and a half million Swiss drivers big gamer And then of course, he's one of those for Off the grid and he got other games like shrapnel and those are coming out hot and heavy and looks pretty good And shrapnel and like we talked about the goalie lock zone look at this shrapnel has only been out for like 30 40 days So if you're looking at things, you're like, it's not a bad idea Even though it's dead down 40% from it's all-time high these are the things you might want to start to look into like I am as Maybe an opportunity for too diversify, but again can't tell you what to do not your dad I'm not a financial advisor. However, you got somebody who's a lot smarter than me That's Ed Cheng. I invited him on the show and we did a quick interview about what they are doing behind the scenes What's happening right now and what's going to pop off in the future? So this is an eight minutes roughly interview So I want to share this with you real quick and we will go from there after this We'll come back and we'll talk about do the quick little Q&A and go from there. Let me see if I can Pull up Ed Oh, you probably want to see it. All right, take a listen to this Thanks for coming on for the first time. Yeah, it's a pleasure to be here I know we've been talking about this for a while. Happy new year and like I said excited to chat sweet Okay, so everybody so you may hear a Screaming baby in the background. That is not the stakeholders. That is that is just life Stakeholders. Yeah exactly the stakeholders that so so we'll do this real quick. So Ed first of all I got three questions for you. We'll go over those in detail So tell us about Aval Avax and what's been going on at this point the second thing What's your side about as things are rolling out and then what's beyond that what's really gonna happen the next, you know Six months to a year or something like that. So catch us up Tell us what's going about Avax and what's been gone to this point. Yeah, so avalanche We are a layer one protocol, you know, you probably Know us for a variety of different reasons. So I obviously lead our gaming efforts I've been here for just over two years, you know But we are very prominent and prevalent in things like DeFi and NFTs and culture as well as you know, RWAs and institutional capital So it's been a lot of fun working here just because it's we're not just a gaming chain We touch upon a lot of areas and you know, the reasons why avalanche is very attractive as traditionally It's been known as an EVM chain. So obviously very, you know, solidly friendly But you know, we've got a feature first of all We've got our novel avalanche consensus that allows for the fastest time to finality in crypto And you know, it's probably pretty obvious why, you know Having sub second finality for your transactions and purchases on gaming makes a lot of sense But across the board, you don't have to deal with rior. It's like a lot of this stuff Just just very intuitive, right? The second kind of key differentiator is, you know, we've got a Product called subnets, right? So app chains are very hot right now Although we were probably, you know, the first to market with kind of mass adoption For for app chain. So what subnets allow you to do is effectively deploy your own, you know Private block space on top of our public chain, right? So if you think about a monolithic chain like RC chain as as a freeway or there's different cars and there's you know At a certain point all these other daps will congest that freeway No matter how big like that freeway is right if you hit that scale Well, what some that's allowed you to do is basically have your own freeway and set your rules So, you know, it's it's very fast. You have low transaction speeds. Oh, sorry, low transaction costs You know, you can do things like set your custom like your game token as the custom gas token instead of abax or eath or something So it can burn off supply. You can designate custom validator sets, right? So that could be You know, you can you can choose investors or guilds to be your validators And you can also tap into the over 1,300 validators in our ecosystem today. So We could be permissionless it can be permission. There's a lot of flexibility, right? And that makes a lot of sense and resonates and you can see that with the really cool Companies that we've announced, right? So we've got, you know, Deloitte We announced kind of a POC with JP Morgan and other large banks, you know, SK one of the largest companies in Korea is building on the Subnet we've got, you know, TSM and Blitz who are deploying. We've got really cool games Like shrapnel and Godzilla and the Pegasi team You know merit circle the largest gaming down in web 3 right now is deploying a subnet called beam and publishing over 20 games So It makes a lot of sense. They can once game teams and DAP teams understand like the value prop of avalanche And we're going bigger in the sense that we are known for EVM, but like we're actually VM agnostic, right? So in the very near future, you'll be able to deploy and move or rust or other languages within Within a subnet with our with our novel consensus. And so We're also building kind of the plumbing that allows you to seamlessly, you know Teleport and trans transport assets across different subnet seamlessly And once we can unlock that I think that the sky's the limit there That's crazy. That's a lot of stuff and a little bit of time. Ed. Hey, perfect I mean, that was really great I mean, I've had a lot of people on the show, but very few people can actually Explicitly talk about what it is in such a quick fashion. So we all appreciate it. So let's talk about the next piece What are you excited about because you just gave us a whole handful of things But what do you what's coming up like like relatively soon that you're really excited about getting rolled out? Yeah, you know Because I work in gaming I'm gonna start with that right I think I think the the hard part about games are And this is gonna sound very obvious is that they're very hard to build right? They take a long time and so whenever you're working with really large development teams and these longer timelines and art and app store Approvals and things like that things tend to always take longer than you think they will right? So we announced a lot of really cool projects last year I think we'll start to see those those launch, you know early this year So we've got you know shrapnel and off-the-grid early access coming right You know blitz is gonna go online first with subscriptions on their subnet and then a lot of really cool things in q1 and q2 You know the a lot of merit circle games on that beam subnet are gonna come online, you know mid this year So those are some of the areas there, you know, stay tuned. We've got some other big gaming announcements coming up in the first half of this year We'll be out in full force at a couple conferences this year including GDC So really excited for those things to take off as well as you know Our marketing team has been spending a lot of time kind of building our brand voice and kind of the vision and like Relationships with influencers in the ecosystem. So we think that all that stuff is tied up really nicely I think you know the work that one of my colleagues Dom has been doing on the NFT side has been great too But really building out a narrative and an ecosystem on NFTs and you're seeing some really cool mints And projects in that ecosystem obviously that's very adjacent to the stuff in gaming So you'll see you start to see a lot more crossovers there in terms of what we can tap into as well That's crazy. Yeah, excellent. I didn't know yeah beam in the subnet fantastic So I mean another thing to think about but let's talk about what's beyond all that because that's a little that's a pretty big chunk But there's a lot of things to develop and I know I don't know if you can say tell us but like what's beyond all this What's the what's the the very big end piece? Yeah, I think I think the vision for us is you know, not just to be You know the The layer that benefits the most from bringing all these games on I think when we can show that We can enable large enterprise businesses within gaming and other verticals That's going to be really cool, right? So I think an example of that is what we're doing with merit circle with beam, right? They're building their own version of like a steam like a launcher for web three games They have a massive audience they have a token that supports that they have kind of the shared infrastructure across all that right? And so that's really kind of a one-plus one equals three for us where we can work with you know Up-and-coming mid-core triple-aid game studios that can also publish more games I think you know that the opportunity to enable platforms is one like very few chains can do and I think we're the frontrunner in that so You know as I think a lot of these games and studios get closer to launching right where they are in their like life cycle They realize more and more that the tech and the partnership and who you're working with really matters And that's where you'll start to see you know some big names hopefully come to avalanche very soon So, you know, I'm just excited if you think about Kind of the larger scale and then our ability to also like build out this ecosystem build out like true marketing and user acquisition That's where the team's really been heads down and it's it's a much Less sexy part of building out an ecosystem or doing your job, right? But I think in this we were just talking about like this bear market that lasted for quite a while It felt like it was a good opportunity for us to really spend time and go deep with our teams who were you know Still here and building as well as building out a lot of this plumbing and stuff that you don't normally think about when you're like Oh, let's go. Let's go bring some games to the ecosystem Yeah, exactly and I'll just say like a friend of mine Ken from from meld. He said you know what the great thing about the Bear market is he goes there's not so much noise We can put our head down we actually make things work and we don't have to deal with all the nonsense that's going on So I got to tell you and I think you you you and avalanche made full use your time and thanks for answering all those questions That was fantastic everybody If there's links in the description for everything that we just talked about you can take a look at avalanche the subnet beam and the Different games that are out there, but Ed thanks so much for stopping by. We'll have you back when new things come about Yeah, I'm happy to come back anytime. Thank you so much Yeah, that was it so Ed I gotta say thanks so much first of all for being concise and Well, but your answers that you were giving and then just give us some some great information So again, I appreciate my man Ed coming on and we'll have him back on again when different things happen now Before we get to the Q&A there's a couple of things I have to mention First of all, we talked a lot about a woo-woo stuff and we got very bullish So you have to understand of course I am bullish, but I'm also biased, right? And I'm biased as you can see right here I own Avax I own avalanche I own a heck of a lot more Bitcoin That's why I talk about Bitcoin all the time, but I own a lot of stuff Ethereum Salon and near Cardano avalanche link stacks arbitra mutable injectable cosmos polygon and another like Ronin and stuff that I see in The comments section. I own a lot of stuff that's out there So if you think like, ah, Robert's doing this out the goodness of his heart No, it's because Rob is biased. That's really what it comes down to and then as a reminder It's great to be to be bullish, but don't be stupid There's always something around the corner that can take your money from you There's always something that you have to be aware of when you're investing and there's always opportunities to lose and this is a prime example and we'll get a Q&A but The Solana saga phone. It just lost 750 Solana now. This is only for this is like $60,000 In its treasury, but there was a Solana saga Dow like an unofficial Dow on discord And this is the thing that happens when you don't do the right things. So here's what here's what we got So this Solana the money or the Solana itself was supposed to be securely held in a multi-sig wallet Which multiple or multiple parties would need to approve any transfer But no one ever activated that security feature meaning it only took one of 12 signers to move the funds What this is is when you have a multi-sig wallet It's as many people as you can to do a transaction to transfer it to a centralized exchange or transfer to the wallet You need all the actual signers to actually go in there and go, okay I approve this we can all do this if you do not make that actually happen again This is a multi-sig wallet not everybody has these then you can't move the funds and they're stuck there Which is very safe and in this situation. It didn't happen on Wednesday the group the saga Dow sent 700 D insol tokens to an address control by one of its suit it suited to Duminous Dynamos Jesus suck at this founders ZK red devil that was supposed to have the security in place ZK red devil claimed they were the target of a remote hack and of course that could be true But another of the Dow's Sonomas founders goes by Ashen Push back on the narrative Wednesday accusing this guy of pulling the heist himself Fan club started as a discord server or owners of Solana's exclusive saga phone Cacrogated to chat about their phones perks from free airdrops NFTs That's like great you do you you do that you get together You're like this is fun We're just talking and then they get ambitious and they do a Dow Which is there nothing wrong with that and they secured 700 Sol by selling a pre-launch S coin It had received on a lark. So a couple lessons here first of all easy come easy go and Second of all, it's not how much you You make Some what you keep but just remember that as we roll into the bull market. That's it for today So look everybody like today's video give it a thumbs up consider subscribing when we talk about his time sensitive