Satoshi's BTC, Hong Kong ETFs, Uniswap vs. The SEC, WMT & More!

Summary

The video script features a dynamic discussion on the world of cryptocurrency, with a focus on the potential challenges faced by Uniswap in the face of SEC scrutiny. The speakers express optimism for Uniswap's resilience, citing strong community support and legal complexities surrounding the case. The conversation delves into the significance of Bitcoin for permissionless finance and the advantages of stablecoins in facilitating efficient and cost-effective payments. It also touches on the speculative potential of various cryptocurrencies like NEAR and Sui, considering market dynamics and technological innovations. The discussion further explores the impact of Chinese ETFs on the crypto market, the philosophical implications of Satoshi Nakamoto's potential return, and personal anecdotes about adopting blockchain technology and the benefits of fasting for mental clarity. The engaging dialogue provides insights into the crypto industry's legal, technological, and cultural landscape.

Takeaways

• 📉 The discussion suggests that Uniswap may thrive despite potential SEC actions, given the strong community support and legal challenges in defining the platform's status and actions.
• 💡 The guest expresses confidence in the longevity of permissionless finance technologies like Bitcoin for wealth storage and stablecoins for efficient payments.
• 🚀 Both hosts share a bullish outlook on cryptocurrencies like NEAR and SUI, considering their strong fundamentals and potential for growth, despite uncertainties about market cycles.
• 💻 The conversation highlights the importance of developer experience and the potential impact of projects like Sui and Aptos that focus on making blockchain development more accessible.
• 🌐 The speakers debate the concept of 'Sell in May and go away,' discussing its historical basis and questioning its relevance to modern cryptocurrency markets.
• 📲 There is enthusiasm for blockchain-based mobile network providers like World Mobile, with a willingness to switch from traditional providers for the benefits of blockchain technology.
• 🏦 A comparison is made between Chinese and US ETF models, with the potential for the more efficient 'in-kind' model used in China to influence future US ETF structures.
• 🤔 A hypothetical scenario is explored where Satoshi Nakamoto reappears and attempts to sell their Bitcoin, which could significantly impact the market and raise numerous questions.
• 🎉 There's a light-hearted discussion about the dream of owning a Lamborghini as a symbol of success, tempered by practical considerations and the realities of daily use.
• 🍽 The host shares personal health and fitness tips, including fasting, reduced carbohydrate intake, and a focus on weight training and paddle sports for improved mental acuity and physical fitness.

Q & A

What is the general sentiment towards Uniswap in the crypto community?

The crypto community is strongly behind Uniswap, viewing it as a beloved actor in the space. The community perceives the SEC's action against Uniswap as an egregious move, rallying support for the platform.

What is the Wells notice in the context of the SEC?

A Wells notice is typically a precursor to the SEC potentially suing a crypto company or any other entity. It is a formal notification that the SEC intends to file a civil action against the recipient of the notice.

How does the legal system view the technology behind Uniswap?

The legal system is challenged to define Uniswap's technology, which is seen as a piece of code facilitating transactions rather than a broker. This distinction is crucial as it affects the legal grounds for the SEC to pursue action against Uniswap.

What is the significance of the 'in kind' versus 'in cash' model for ETFs?

The 'in kind' model allows for the direct exchange of the underlying asset, like Bitcoin, for shares in an ETF, and vice versa. The 'in cash' model involves selling the asset for cash first, then using that cash to issue shares. The 'in kind' model is more efficient, cost-effective, and preferred by investors, but it has faced regulatory hurdles in the US.

How does the 'Sell in May and go away' strategy apply to the current cryptocurrency market?

The 'Sell in May and go away' strategy is historically based on the performance of stock markets, suggesting that it's better to sell in May and return in November. Its applicability to crypto is uncertain, as the cryptocurrency market has shown different dynamics and may not follow the same patterns as traditional markets.

What are the implications if Satoshi Nakamoto were to sell all their BTC?

If Satoshi Nakamoto were to sell all their BTC, it would represent a significant supply shock to the market, likely causing a substantial drop in Bitcoin's price in the short term. However, the long-term impact would depend on market demand and the ability to absorb the additional supply.

Why is the development experience important for blockchain projects?

The development experience is crucial because it affects the ease with which developers can build applications on a blockchain. A better development experience can attract more developers, leading to more innovation and adoption of the blockchain platform.

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What is the potential impact of Chinese ETFs on the US ETF market?

The launch of Chinese ETFs could potentially influence the US market by demonstrating the efficiency of the 'in kind' model. This might encourage US ETF providers to push for similar structures, which could lead to more efficient and cost-effective ETFs in the US.

How does the concept of modular blockchains differ from monolithic blockchains?

Modular blockchains focus on specialization, where different blockchains handle different aspects of the system, such as data availability or execution. This contrasts with monolithic blockchains, which aim to integrate all functions into a single blockchain. Modular blockchains can potentially offer greater scalability and flexibility.

What are the key factors driving the adoption of blockchain-based mobile network providers?

Factors driving adoption include the potential for lower costs, better service, and the ability to leverage existing infrastructure. Additionally, the support for blockchain technology and the desire for more decentralized and transparent services are key motivators for users to switch to blockchain-based mobile network providers.

What is the current stance of the People's Republic of China on cryptocurrency investments?

The Chinese government has stringent regulations on cryptocurrency investments and has not fully embraced crypto. Capital flow from China to other markets, including Hong Kong for crypto investments, is controlled and not easily permissionless, reflecting the government's concerns over capital controls and financial stability.

Outlines

00:00

🚀 Crypto Q&A Session Kickoff

The video begins with a warm welcome to a crypto Q&A session. The host, Nick, is joined by a returning guest, Guy, who is a popular figure among the audience. They express gratitude to the viewers for their engagement and questions. The first question addresses the potential legal challenges faced by Uniswap from the SEC. While some believe Uniswap may not survive, Guy offers a detailed analysis, suggesting that Uniswap will not only survive but thrive. He discusses the Wells notice, the legal basis for SEC actions, and the broader community support for Uniswap. He also touches on the technical aspects of whether Uniswap can be considered a broker and the implications of the SEC's potential view of crypto assets as securities.

05:02

🤔 Analyzing the SEC's Approach and Crypto's Future

The discussion continues with an analysis of the SEC's strategy, particularly focusing on its head of enforcement, Geria Greywell. The speakers consider the SEC's decision to target Uniswap and the broader implications for the crypto community. They also discuss the importance of Bitcoin for permissionless finance and the utility of stablecoins for efficient payments. The narrative contrasts the traditional banking system's slow and costly international transfers with the speed and low cost of crypto transactions. The segment concludes with a mention of Stripe's renewed interest in crypto integration, highlighting the growing relevance of crypto payments.

10:03

💡 Permissionless Finance and Its Impact

The speakers delve into their personal experiences with crypto, emphasizing the convenience of permissionless finance. They discuss the ease of swapping coins without the need for account verification or KYC processes, facilitated by platforms like Uniswap. The conversation also explores the potential longevity of various crypto use cases, including the remittance market's shift towards crypto, which could render traditional financial services obsolete. A promotional segment for Coin Bureau's deals page follows, offering discounts and promotions in the crypto space.

15:04

📈 Speculating on the Growth of NEAR and SUI

The Q&A addresses a question about the potential for NEAR and SUI to increase in value by 10 times. The speakers, who disclose their holdings in both cryptocurrencies, express optimism about the projects' futures. They discuss the technical merits of each, the market cap challenges for achieving a 10x increase, and the importance of community support and strong legal backing. The segment also touches on the potential impact of new supply releases on market dynamics and the importance of developer experience in driving adoption.

20:05

🌐 Layer One Blockchains and Their Specialization

The conversation shifts to the Layer One (L1) blockchain narrative and its potential to drive growth during the current bull run. The speakers debate the merits of various L1 blockchains, including Solana, NEAR, and Avalanche, each with its unique focus and use cases. They discuss the challenges of a crowded L1 space and the importance of specialization. The speakers also explore the concept of modular blockchains, which could offer scalability without compromising security or decentralization, and the potential impact of such technology on the future of L1 blockchains.

25:07

🏦 Sell in May and Go Away: An Investor Tradition

The speakers examine the 'Sell in May and go away' strategy, a historical trading pattern suggesting that stocks perform better outside of the May to September period. They discuss the origins of this strategy in the UK and its potential relevance in today's markets. The conversation also considers the impact of this strategy on crypto investments, the changing correlation between stocks and crypto, and the influence of risk-on and risk-off investor behavior. The speakers acknowledge that while past performance is not indicative of future results, certain market patterns may still hold sway.

30:08

📱 Blockchain-Based Mobile Networks

The Q&A explores the idea of switching to a blockchain-based mobile network provider like World Mobile. The speakers express a willingness to pay a premium for such services, citing the importance of supporting blockchain technology and the potential benefits of decentralized networks. They discuss the need for equal or better performance compared to traditional providers and the possibility of leveraging partner networks for coverage.

35:09

🏗️ Chinese ETFs and Their Global Impact

The speakers discuss the upcoming launch of Chinese ETFs in Hong Kong and the potential impact on global markets. They compare the in-kind and in-cash models for ETFs, highlighting the efficiency and cost-effectiveness of the in-kind model, which is more commonly used and preferred by investors. The conversation touches on the potential for these ETFs to influence SEC policies in the US and the broader implications for crypto adoption and investment.

40:09

🤔 Hypothetical Scenario: Satoshi's Return

The speakers contemplate a hypothetical scenario where Bitcoin's creator, Satoshi Nakamoto, reappears and attempts to sell their Bitcoin holdings. They discuss the potential market impact, suggesting that it would initially be negative due to the sudden increase in supply. However, they also reflect on the mystery surrounding Satoshi's identity and the strength it lends to Bitcoin's narrative as a decentralized currency without a central figurehead.

45:14

🏎️ When Lambo? A Crypto Community Stereotype

The conversation lightens up with a discussion about the 'When Lambo?' question, a humorous stereotype within the crypto community that reflects the aspirational wealth associated with successful cryptocurrency investments. The speakers discuss their personal views on luxury purchases and the practicality of owning a Lamborghini, balancing the desire for such status symbols with the realities of everyday use and personal priorities.

🍽️ Health and Fitness: A Crypto Influencer's Journey

The final segment shares personal insights into the speaker's health and fitness journey, including weight loss, dietary changes, and exercise routines. The speaker discusses the benefits of fasting, a reduction in carbohydrate intake, and the importance of mental clarity. The conversation concludes with a light-hearted acknowledgment of the challenges faced on fasting days and the overall positive impact on well-being.

Keywords

💡Uniswap

Uniswap is a decentralized cryptocurrency exchange (DEX) that allows users to swap various cryptocurrencies without the need for a central authority. In the video, it is discussed in the context of potential legal challenges from the U.S. Securities and Exchange Commission (SEC), highlighting the community support and legal complexities involved in such a case.

💡Wells Notice

A Wells Notice is a formal indication that the SEC is considering taking enforcement action against a party. It is mentioned in the script as a precursor to the SEC potentially suing a crypto company, with Uniswap having recently received one, indicating a significant moment for the company and the crypto community.

💡Securities

Securities in a financial context are tradable financial assets such as stocks, bonds, and options. The term is relevant to the video as it discusses whether the assets traded on Uniswap are considered unregistered securities, which could have legal implications and is a point of contention in the SEC's case against Uniswap.

💡Crypto Community

The crypto community refers to the collective group of individuals, developers, investors, and companies that are involved with or support cryptocurrencies. In the video, the presenter mentions that the crypto community is strongly behind Uniswap, indicating a unified front against potential regulatory actions.

💡Stablecoins

Stablecoins are a type of cryptocurrency designed to maintain a stable value, often pegged to a stable asset like the U.S. dollar. They are discussed in the context of their use for payments, highlighting their efficiency and low-cost transactions compared to traditional banking systems.

💡Bitcoin

Bitcoin is the first and most well-known cryptocurrency, often seen as a store of value or digital gold. In the video, it is mentioned as the primary means of saving for the speaker, emphasizing its importance in the world of cryptocurrencies and its use for wealth storage despite its volatility.

💡Layer 1 (L1)

In the context of blockchain technology, Layer 1 refers to the base protocol or blockchain network itself, which serves as the foundation for applications and transactions. The video discusses various L1 blockchains and their potential to grow or '10x' in value, reflecting on their technology and market position.

💡Modularity in Blockchain

Modularity in blockchain refers to the design approach where different components or layers of the blockchain system are developed and optimized independently. This concept is brought up when discussing the future of blockchain technology, suggesting that focusing on specific functionalities within a blockchain can lead to better performance and innovation.

💡ETF (Exchange-Traded Fund)

An ETF is an investment fund that is traded on stock exchanges, much like individual stocks. The video discusses the launch of Chinese ETFs that track Bitcoin and the different operational models they use, such as in-kind and in-cash creations, which can impact efficiency and investor returns.

💡Risk-On and Risk-Off

Risk-on and risk-off are terms used to describe market sentiment and investment behavior. A risk-on approach involves investing in assets that are expected to perform well in times of economic growth, while risk-off refers to moving investments to safer assets during economic uncertainty. The video explores how these concepts may affect investment in cryptocurrencies.

💡Satoshi Nakamoto

Satoshi Nakamoto is the pseudonym of the person or group of people who created Bitcoin. The video poses a hypothetical question about what would happen if Satoshi were to reappear and sell their Bitcoin, discussing the potential impact on the market and the significance of Satoshi's continued anonymity for the Bitcoin narrative.

Highlights

The discussion begins with the question of whether Uniswap will survive potential SEC scrutiny, with the guest expressing optimism that Uniswap will thrive.

The guest references a Wells notice sent to Uniswap, which is often a precursor to legal action by the SEC.

The analysis suggests that Uniswap has strong community support and legal backing, which could help them navigate potential SEC actions.

The conversation touches on the legal complexities surrounding whether Uniswap is offering unregistered securities.

The guest recommends a podcast interview with Laura Shin for further insights into the legal challenges facing Uniswap.

The discussion explores the possibility of the SEC viewing the Uniswap airdrop as an unregistered security offering.

The guest expresses confidence in Uniswap's ability to handle legal challenges, citing their strong legal team and financial resources.

The conversation shifts to the personal use of cryptocurrency, with the guest favoring Bitcoin for wealth storage and stablecoins for payments.

The guest criticizes traditional banking systems for their slow and expensive international transfer processes.

The advantages of permissionless finance and decentralized applications (DApps) are highlighted, particularly for their ease of use and low fees.

The topic of the 'Sell in May and go away' strategy is discussed in the context of both traditional stocks and cryptocurrencies.

The guest expresses a willingness to switch to a blockchain-based mobile network provider, should the service quality be comparable.

The discussion addresses the upcoming launch of Chinese cryptocurrency ETFs and their potential impact on the market.

The guest contemplates the scenario where Bitcoin's creator, Satoshi Nakamoto, reappears and attempts to sell their Bitcoin holdings.

The conversation concludes with a discussion on the guest's personal diet and fitness regimen, including fasting and exercise habits.

The guest shares his thoughts on the practicality of owning a Lamborghini, considering the weather conditions and traffic in Dubai.

Transcripts

GM guys and welcome to another episode

of crypto Q&A and as you can see back by

po leand I've got the man the myth the

legend guy back on with us guy welcome

back man it's been a minute thanks Nick

yes it has I I don't see where this

popular demand is coming from but if you

if you say so I'll no no definitely I

see all the fans I read all the comments

like where is guy we need him back here

with us want him to answer our questions

yeah cool guys so thank you of course

for submitting your questions um we've

got quite a lot to cover today so we'll

be diving right in um and uh guy you

want to kick off man yeah man um so the

first question is from TK 98 will Unis

swap survive the SEC the dreaded SEC

will they survive H I don't think

they'll survive I think they will Thrive

okay I think they'll Thrive I think that

yeah going worry there yeah no to be

honest I think that um a lot of the

analysis I've seen post and obviously if

you guys don't know what's happened uni

swap about two weeks ago they got the

wells notice the wells notice is usually

the precursor to the ACC potentially

suing a crypto or a a company um and

this in about 80% of the time it happens

so obviously this was the the point of

the matter is and some the analysis I've

seen post this is that they couldn't

have gone after a better actor in the

space like unisoft is red they loved the

crypto Community is strongly behind them

uh the even the mainstream press uh and

uh narrative after this is kind of like

these are you know crypto developers

they're struggling to try and find their

way in a very archaic legal system and

they they fight in the good fight for

crypto so the whole narrative and

obviously all the crypto uh you know

lobbyists and all the crypto companies

and the crypto Community is behind Unis

swap y because it is a quite an

egregious action by the ACC but aside

from the narrative and stuff it's the

question around the legal grounds with

which they have to go the SEC has to go

after them and there's quite a few

podcasts I me I'll recommend one from

Laura Shin about a week ago Where She

interviewed a lawyer about this but in

terms of what the acc's case they've got

and obviously they're trying to bring

what they assume they will try and bring

is the question around whether Unis swop

is offering or broker in unregistered

Securities right and they're not naming

the Securities they're just naming they

making the same assumption they did with

the coinbase lawsuit back in 2022 watch

which is that all these they're not

going to name the particular assets or

crypto assets but they're taken the the

line that all of these are crypto

Securities um but the problem is that in

the this the the dismissal suit for the

acc's case against coinbase the judge

explicitly stated that coinbase wallet

which is kind of akin to it

non-custodial uh technology that people

can use to facilitate transactions they

can actually push their own transactions

it's not like it can't be seen as any

sort of broker it's just a piece of

technology it's a code so there in judg

has actually stated that so that's one

thing that SEC is going to have trouble

trying to prove unistop is nothing more

than a piece of code that facilitates a

transfer they're not Ro rooting the

orders themselves they're not um they're

not helping to determine where it goes

so they're not a broker they can't be

viewed as a broker yeah and then there's

also the question they think about

potentially um the SEC could look at the

uni airdrop as some sort of a yeah yeah

an unregistered an unregistered security

offering yeah um and but even in that

case it's very difficult because I I

part of the analysis is that they'll try

and look at a previous example where in

Old Securities Law where if a company

off free stock it's an incentive for

people to increase the value of the

stock um by holding it but even in this

case that's if that on that case it was

based on the assumption that there were

stocks which are actual Securities

defined as Securities in this case

they're not defined as security so you

know I think that um it's it's going to

have a very tough time the the SEC to

take to take on Unis swap I think that

they kind of expected it was coming

there was always these concerns that it

was going to come this is why the unop

if you recall even two years or three

years ago they restricted certain stock

based tokens they took it off their

platform at least the front end um but

yeah I think that the SEC is going to

have a tough time here Unis swop is uh

got a lot of the community behind him

they've got the they've got um strong I

assume a very big legal team that's

going to help them out with this

resourced well resourced they're very

profitable profitable exactly and

they've got um they've got back big

investors a6s he's a big investor um so

yeah I mean it's it's unfortunate that

the SEC wants to go after you know the

good actors in the space the ones that

are actually coming to them asking for

clarity yeah when you when you consider

all the all the other entities the SEC

could have gone after and could secure a

much easier win against I won't I won't

name any names but you know some of them

would be fairly obvious to view like

when you consider what the SEC could

have gone after and they go after Unis

swap it's just it's Madness but as we've

pointed out you know we did um we did

the video on uh is ether security yeah

because obviously uh the SEC is also

sort of nosing around uh elements of

ethereum's ecosystem and as we said you

know it's not Gary gendler um who's the

main villain in all this it's geria

Greywell the sec's head of enforcement

who from what we could tell doesn't

really understand crypto no um so maybe

that explains why they've gone for UNIS

swap you know he just it's sort of the

most the only one that he's probably

aware of that the SEC hasn't already

sued I I think it's also kind of like

the the organizations that seem to get

sued are the ones that are actually

proactively going there asking for

clarity so it's crazy isn't it it's like

it's almost like it it reminds the SEC

that they're there and they're just sort

of lashing out knock on the door knock

on the door God you know know can you

please give us Clarity please give us

Clarity no we're going to give you a

Wells notice you know um but yeah the

sec's taken on a bit more than they can

shoot I mean they're not only facing

unisoft now they've also do did you did

you hear about that story about that um

bag there was this oh yeah um I forget

the name I forget the name of the

company but they're sort of Proactiv

they're Pro proactively suing them um

and I saw a headline as well last just

this just this morning consensus

consensus is also going after them so

they've rarely bit up for more than they

can shoe um and not so I mean yeah like

the SEC The Crusade against crypto they

don't have the public on their side I

don't think I mean I don't know who they

actually maybe they've got some banks

who usually you know Rota IND door to

the secm banks uh but and maybe it's

because if you think in unit is like a

top down and Gary Gensler still wants to

appear strong on crypto maybe he still

has his eyes on the treasury spot um but

um yeah I think that the long answer to

the question is uniso is they couldn't

have taken on a more forbidden opponent

uh you know so yeah I think uh no

they're not going they're going to have

a tough time the ACC yeah yeah yeah and

of course it's going to be very

difficult for the SEC or anyone else to

restrict access to Unis swap I mean I

guess you can try and restrict access to

the front end yeah but like the front

end is just the front end you know the

the protocol itself is is immutable yeah

exactly so and they can always host it

on ipfs there's other ways of doing this

so as a permissionless protocol there

are many ways and people can use it um

same thing like tornado cach like you

know I mean they even sanctioned but

people could still use it so yeah that's

the that's the beauty of permissionless

protocols yeah cool good question next

one is from by danne and he's asking all

speculation aside what crypto Tech do

you actually use the most and believe in

its longevity that's a good question um

I think probably the one that I the one

that I use the most or the one that has

the most of my mind share as well is

Bitcoin because it's you know it's

permissionless Finance um as we've

seeing with this uh recent business with

Samurai wallet you know the the the the

ability to hold your own money outside

of a bank uh outside of anyone else's

control is is getting more and more

important by the day at the moment so I

use Bitcoin you know kind of if you like

kind of every day for for storing wealth

um that's my principal means of saving

obviously it's a very volatile means of

saving but it's worked pretty well for

me so far so there's that um I use

stable coins for payments a lot I find I

I just think the idea of paying I had to

do an international bank transfer the

other day it took hours and they charged

me

£10 and you get lost yeah and when I

think I could have sent that amount in

stable coins in minutes for pennies I

just thought this is this is ridiculous

how much longer can this last but the

vested interests of the banking system

are pretty strong so it will last for a

long time but yeah I think those I think

those two for me are you know they're

the clearest and they're the simplest

the the idea of being able to move

potentially millions of of dollars but

you know in my case a few hundred or a

few thousand but the idea of being able

to move money across the world

peer-to-peer and pay minimal fees I

think is it's still extraordinary even

15 years after Bitcoin was invented so

that's that's too for me yeah 100% and

that was one of the reasons why I ever

got into crypto is the knowing that it's

like actually trying to do International

transfers one a great example because

you know just think about how the Swift

banking system works you know first of

all you got to get the routing numbers

right the Swift number right some

countes don't AR fully plugged into

Swift properly it takes two or 3 days

you have to send and wish and hope and a

prayer that it's going to get there you

have to send and hope that the

intermediary banks are going to get it

it's not going to get returned they're

not going to have issues with the

particular reference you've used so yeah

payments is a massive one for crypto um

and I think that um you know it's

actually interesting you see that stripe

is now going to offer crypto integration

again so payment is becoming a big thing

again a big narrative but it's one of

those things that I definitely use most

often is like payments for crypto andits

and especially from the fact they being

permissionless um and also defi like if

you think about it the idea that you can

actually if you want to swap a coin I

don't have to go through the rig logging

onto an account on Exchange going and

doing kyc all that kind of stuff not

because I have anything to hide not

because I have a problem with kyc I've

got many Exchange accounts but just the

notion that hey I want to swap the

school I want to swap quickly I want to

go and do it through a quick exchange

swap on Unis swap or on Trader Joe or on

you know radium or any sort of defi

decks it's it's a great it's just such a

great feeling and also just like you

know that you know that you can do it

anytime and it's it's this

permissionless Finance which um I think

is one of the biggest uh and most the

longevity I believe in that um I guess

one more thing and this is interesting

is like the longevity of uh potential

other crypto use cases that we don't

particularly lose on The Daily but that

could have longevity and another one

that I've seen a lot about is deepen

obviously um uh so that's another one

but I don't personally use it we'll come

back to that with some other questions

but uh yeah definitely payments defi

permissionless Finance that's always

going to have a need and a use case and

especially if you've been exposed and

have to deal with the traditional

Financial system in cross border or when

you have it been debanked all that kind

of stuff crypto is the future so yeah

one day hopefully not too far away

people will people will say did you

really used to have to pay 10% to remit

money to Africa did you really used to

have to pay X number of dollars or X

number of pounds or whatever to make

just to transfer your own money um and

it will be like yeah it's really stuck

around we'll view it as archaic as we

did and look at how people did a trade

100 years ago right you know so yeah

remittance companies will soon be like

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[Music]

yeah okay so uh SM mukit asks do you

think both Nia and sui will go 10x from

this point I should before I say before

either of us say anything I should say

that I hold SE and near and Su yeah um

do you hold either of those I do I do

hold both yeah I hold both so we both

can be completely impartial here in the

sense that that we uh both hold them so

we can give a good um you know impartial

view on it in terms of um uh so here's

the question obviously it's like what

does he do you mean what in what time

frame yeah because obviously um 10x from

this point yes I do think so I mean if

you think crypto is the future crypto is

always going to be there unless you

think crypto is going to zero I think

these these projects are strong projects

and they will 10x now um will come back

now the question is in the cycle I think

that's a bit difficult especially where

we are in the cycle now let me just stay

obviously why we we both hold the

projects I'm bullish on it obviously I'm

bullish on near Because by the way we

actually got an interview um that justed

with Ilia the Ilia the founder of and

CEO of Nia which is on the clips you can

view that and we also recently did a

year update video but I'm bullish on

year because obviously the tech is

amazing they got a good play they got a

good narrative in the AI space now

because IIA is one of the founders of

you know this paper and obviously the

tech is great Dynamic resharding night

shade the consensus mechanism but in

terms of whether you think that the uh

the price could 10x uh is toomics right

and we've got about a billion dollar a

billion total outstanding near right so

and it's already it's at 17 in terms of

market cap so in order to 10x that's

quite a quite a jump in terms of the

market cap right now so we're going to

need a lot of buying pressure in the

crypto in general in terms of liquidity

to come in to push an alquin like that

to in its market cap by 10x right now so

that's near in terms of sui um you'd

think okay probably potentially has more

potential to reach the 10x because it's

at 61 in terms of market cap rankings um

but and but the problem with that is

that uh sui has only about 133% of the

supply outstanding yeah yeah there's

still a lot to unlock a 10x on the

market cap doesn't equate to I mean a

10x in the market cap doesn't equate to

a 10x on price because the and that's a

large Supply outstanding and by the way

in about a few days they're going to be

um the series B run is going to start

having a vesting out right about 6% of

the supply admittedly it's over a long I

think it's two years vest out so it

shouldn't have that much of an impact

but that will obviously impact on the

circula supply coming onto the market

which obviously will could push up the

market cap but it necess in terms of

price you'd need a lot more buy even

more so than in the near space on the

near case for example so you know I'm

and the I'm bullish on both projects

obviously I hold them uh sui as well

we've also done we did a video

Discord AMA was one of the founders and

he was super smart guy and I think that

Su as well as on this whole move

narrative with the move programming

language that one of the guys developed

move itself is actually one of the

co-founders of sui um and uh you know I

think it's an L1 and al1 it's highly

performing developers love it the the um

actual development company M lab has

raised a lot of money so I'm bullish on

them from a tech perspective and I do

hold both of them and I think that they

can definitely increase in value in this

bull run but 10x I think uh is is a bit

uh is a bit more of an ask I think we'll

need to see like real uh real Euphoria

in the market real sort of euphoric

speculation for them to 10x um but yeah

it's we're supposed to call it s I

should s that's how Adon e um when J

interviewed him swe that's how he

referred to it so yeah we need to be we

need to respect if if that's what the

boss says um uh so yes so S I think I

think I I was bullish on sweet

especially because I think they they

seem to be really pitching towards web 2

as in getting web 2 companies and

entities on board in and into web 3 and

I think that's a potentially you know

huge growth Vector I'm not sure to what

extent other layer ones are doing that

um and obviously uh you know sweet like

Aptos which is another very well-backed

alt L1 um they obviously have a lot of

expertise from Facebook DM yeah the DM

and I think that your point around the

web to on boarding is easier with

project like because um obviously uh the

programming language is very very easy

and this is what we've heard from devs

as well uh it's that a lot easier to

build on the likes of to build with move

and and onu um we actually have a su Dev

in our in our members Discord don't we

um who is uh who's very knowledgeable

about this sort of thing and says that

building on Suite is is is really good

and uh when you consider that uh founder

of salana himself said that building on

salana is like like chewing glass yeah

you know the the I think the developer

experience is something that's that's

underrated because that you know if you

don't have a good developer experience

you're not going to have as much

development so yeah one thing I do

though in terms of can potentially

challenge the likes ofu and Aptos in

terms of this question around move and

EAS ease of using the programming

language is other Solutions which are

leveraging movement the move the the

language uh to be able to use them

within other protocols and stuff and one

of these obviously is movement Labs um

and they recently just completed their a

35 million raise we invested in as well

um and they developing this uh you know

move B modular move based blockchains uh

to leverage move and and other projects

can use it so it can make easier for

development on their blockchain so

that's also something that could

potentially be a challenge to these l1s

yeah cool and um speaking of uh l1s uh

we've got Sven d and he's asking will

layer one narrative work this bull run

as well that is a good question l1's all

alt l1s were a big narrative last time

around and obviously salana sort of led

the charge there and kind of still is

really isn't it yeah and I guess you

could say that this time around perhaps

salana you know last time it was

ethereum Killers like salana this time

around there's a lot of talk around

salana Killers yeah like for instance s

Aptos um there's another one as well

that's gone out of my head say say um so

there's lot so yeah there's definitely

room for that narrative but I think the

L1 space is becoming increasingly

congested now that's right um and it's

about F I think for l1's it's about

focusing on a particular narrative and I

think those that capture a particular

narrative will do well so salana seems

to be focusing very much well salana has

got sort of multifocus doesn't it but it

seems to be kind of honing in on

payments obviously you talked about this

usdc integration recently um salana has

long been big for stable coins mean

coins as well and now and also uh deep

in near on the other hand is kind of

going after AI Avalanche is kind of

targeting gaming gaming r as well yeah

rwa yeah so um I think picking picking

winners from this crop of l1s is going

to be harder yeah um I don't plan on

adding adding any other l1s to my

portfolio

um s and near were my kind of last last

Buys in that and I think be and even

after that you know you then get into

the uh talk around kind of uh modular or

monolithic which is now becoming a thing

um modular this idea of kind of uh you

know making it basically less

complicated you know sort of taking

different elements out and it's more

sort of plug and play so you have a

rather than have a blockchain that kind

of does everything yeah you have a

blockchain that does does one thing and

then it leverages other blockchains for

various things like for instance

leveraging Celestia for data

availability or what it might be so that

kind of further complicates it as well

are you going to go for a a monolithic

blockchain like

salana uh which could be you know which

could now be seen as sort of yesterday's

news or is you're going to chase a

modular play like Celestia yeah no I

totally agree with you I think that um

actually um the modular play is the one

to focus on for this for the rest of the

cycle um because I think that um we've

always been thinking about the whole Tri

scalability trima you know and that's

what's always been played in or one of

the big you know conundrums that a

blockchain and L1 will face it's like

how do you go without impacting on

security uh

decentralization um you know the

security decentralization what was the

third one um scalability scalability of

course yeah so those three parts of the

trma those three legs of the chair um

and um yeah if you can't go with one

without compromising on the other what

cool about modularity is that you can

use these protocols can actually

function and hone and refine their you

know the different Stacks you've got the

execution layer you got the the data

availability the settlement and all

these layers basically they can refine

the layers and and actually work on the

best tech for that particular layer and

then other blockchains and other

builders and D developers can leverage

different uh protocols to be able to

build the best and most and highly

performant deps so don't have to

compromise on any one of the three parts

of the scalability tri

and I think that there's a lot of

projects that are focused on that right

now you know not just celesty but like

lava Network I just mentioned movement

uh this idea that you can use these plug

and play and think about it a good

analogy is um that I've seen is uh think

about like ruction plants right you know

like you one production plant like

producing they produce the whole car

right every single component in the car

whereas now and and with like think

about like airb how they produce an

aircraft right all of these different

plants bring in different components the

guys will specialize on the Wings in

Spain and the guys will specialize in

the engines in the UK and the wheels

will be developed in Germany and these

production plants will specialize in

very specific components that make up

piece of engineering feat that will you

know is the Airbus aircraft so you can

do the view the same way as blockchains

right and um do we have to have these

separate l1s that are all competing to

try and produce the latest highly

performing consensus mechanism and brag

about their TPS when you can just

leverage different technologies that

focus on different uh parts of the stack

so yeah I'm bullish on modularity yeah

just do just basically doing one thing

and doing it really well rather than

trying to do specializ yeah the whole

Adam Smith you know the uh uh the

specialization of Labor the the the

history of capitalism is refined now

down to crypto currency blockchains as

well I'm glad you used Airbus as an

example there rather than bow B exactly

I which is probably a good example of

why where things can go bad as well you

know if you're Outsourcing too much yeah

okay next question is from Arnold Thomas

78 sell in May and go away question mark

yeah that's interesting um this is

obviously something that comes from

tradire it's been a um it's also called

the Halloween effect in the terms of you

know crypto starts doing very well after

November um and it's actually research

on this it goes back centuries in the

17th century UK the concept of Sal Salin

May and go away basically Traders in the

city of London would sell their stocks

in May because and then they'd go to

Countryside for their summer Retreats

because they can't actually in those

days obviously you can't know what

you're not trading the stocks you can't

view the stocks you can't manage them

whilst you're away from the stock

exchange so they would go to their

country homes and they' come back it was

actually called sell in May and go away

and come back in s lias day and

obviously s lias is like one of these

horse races that happened around

September time oh yeah oh the oh yeah

yeah yeah is it the St Le St Leeder

something maybe I'm pronounced but yeah

St lers or St leas essentially so that

was the history of it and it's it's it

goes back many years um and the question

now is of it's also there have been many

studies done and does this actually work

is this the case in trafi and stocks and

stuff and it's more pronounced in Europe

but even in the US um you know they've

done they did studies from 1990 uh the

returns you'd see from uh May to

September about 2% on average and from

November to you know April about 7% so

statistically significant um of course

the question then comes down to how much

of this is actual obviously there's no

point there's no there not the same

drivers as they did in England back in

the day it's obviously this notion of

self-fulfilling prophecies people think

about it and they do it yeah now it's a

thing and also there's been past

performance is not indicator of future

returns and there's been many examples

where in summer you've had crazy rallies

2020 is a good example as well um now

that's just the history of it when it

comes to stocks and obviously you

obviously I assume you're interested in

it from a perspective of crypto we are

after all a a crypto ch and then there

just this just comes back to the

question of um do stocks follow do

crypto follow stocks does crypto follow

stocks and what's the correlation like

and is it a risk on or a risk wor asset

um and you know I think that more

recently I'm I'm iring on to the side

that the investor class in

cryptocurrency kind of bipoc where

you've got some investors who focused on

it from a risk wolf perspective a hedge

um to financial instability in terms of

what happened recently last year when

you had for instance the banking crisis

people ready toward Bitcoin in crypto

and correlation in cryptocurrency assets

to stocks has been coming down more

recently this year so I think that um

the my view is that there's going to

these two investor classes are going to

kind of like compete in the next few

months in terms of those who looking for

liquidity need to be risk on are going

to allocate a bit Bitcoin and crypto

potentially through ETFs in their risk

on buet and those who exist in the risk

off category like I need a hedge that's

akin to Gold that's going to be that can

protect me from for instance uh

geopolitical instability High inflation

that kind of stuff uh so the answer to

your question is I I think that in

stocks you may see it play out

potentially if the people still have

this View and especially now the stocks

have sold off they may continue

liquidity is not in fed pivot is delayed

out but I don't know if necessarily it's

going to have the same the similar

impact on crypto because of all the

factors I just mentioned around risk on

and risk off yeah yeah I suppose I

suppose what's what would be interesting

to see now now that we now that the ETFs

the spot ETFs seem to have brought in

like a new class of if you like trafy

yeah investment trafy Capital into

crypto yeah will they behave with those

ETF stocks like they behave with regular

stocks you know so will we see a

sell-off from the ETFs will we see

outflows which will obviously exct

result in in in the market taking a

downturn and of course there's been

there's been lots of talk in the last

sort of few weeks and months hasn't

there about a potential liquidity crisis

yeah around May anyway because of you

know M things like the emptying of the

or or the refilling I should say of the

TGA so um I think you know perhaps if

those two combined you know if if if

those tradire investors looked ahead and

thought well probably best to have some

liquidity ahead of a liquidity crisis um

so it's definitely something to

definitely something to keep an eye on

yeah I think that um yeah for sure it's

going to be very specific factors at

play this time that could definitely

reinforce this notion of May being a bad

month um in both crypto and stocks um

but yeah um in yeah so but but whether

it's something to focus on his in the

future and use it as a benchmark to

invest sell everything in May well you

could miss out in a good ready like we

saw in 2020 Etc so yeah if in doubt

hoddle yeah if in doubt H if in doubt

hoddle let the let the Trad five people

let to me revert to mean exactly just go

go away to your country home in England

don't look at your crypto portfolio

don't open coin market cap and just come

back in in November just going to chill

in the country for a few mons we'll be

fine we'll take care of it and if it's

completely crashed go back

spend the spend the winter there just

spend as long as you need to in the

country until everything's fine again

cool okay so next question is from

zlot Z and he's asking would you change

your current mobile network provider to

a blockchain uh based one like WM which

I assume is World mobile yeah yeah

interesting would I yeah hell hell yeah

okay hell yeah um I I mean I know this

is I know things like World mob uh

projects like World mobile are already

operating in quite a number of places

Zanzibar notably but also the US uh

parts of Asia Pakistan I think world

mobile has a big uh footprint there um I

do actually own some WMT now so I should

say that um but yeah I would definitely

use I mean I think um I did look into to

using helium back when I was in London

yeah um that was back when there was a

hardware crisis because we had Supply

chains all smed up because of Co and it

was impossible to get your hands on one

of these hotspot devices uh which was

kind of frustrating but yeah I would I

would definitely you know if if a plan

became if a plan became available I

would and I would be willing to pay you

know a little bit more than I would from

one of the big networks because that

would be my next question it's like and

this is a question of where the

indifference curved lives in the sense

that how much more would you be willing

to pay for a crypto or blockchainbased

mobile network over your current one and

how much more would you be to sacrifice

in terms of this is just a hypothetical

potential

coverage I mean I would it would it

would definitely have to work like I

wouldn't pay more for something that

didn't work as well okay so the

performance would have to be equal but I

would be willing to pay more as a you

know as an advocate for blockchain I

would be willing to pay more if I was

getting the same or dare say better

service yeah that's that's for sure um

perhaps I'd be willing to pay a bit less

if the service wasn't so great but I

mean you know connectivity is so

important now if you can't get it it's

almost like you know if you're if you're

someone like if you're someone like us

you know who's used who's used to these

sort of things in life being unconnected

is just disaster imagine how crazy it

will be if your your pursuit of adopting

blockchain technology is the reason that

you can't check coin market cap because

you don't have Network it's like God

damn it that would be that would be the

most painful iron yeah it would be yeah

yeah I think I would as well I think

that also in um you mentioned World

mobile obviously there's helium and you

mentioned helium as well they've

released um in the US $20 plan trial

period in Miami which is much better

than some of the other providers so you

know definitely in that case not only

doesn't make sense from a financial

perspective but um and there's also they

pay backup if you in another place you

can it leverages the T-Mobile network

yeah so you're not going to be out

without coverage um so yeah if they had

the opportunity if any of these mobile

network providers provide a solution

here in Dubai and as long as the

coverage is as good and you can use it

in other places and they have partner

networks that they're able to leverage

their their networks as well and their

infrastructure then I would for sure I

think it's one of these things you want

to be able to use it and we need to be

advocates for it with all these deepen

projects yeah cool okay uh next question

is from think CD Chinese Inc I'm glad

this is going to you Chinese in kind

creation versus US Cash creates ETF

models who wins long-term and why thank

goodness we've got our Trad F no it's um

so I guess it's important to um the back

story here obviously if you guys don't

know already there's going to be Chinese

ETFs in Hong Kong are going to be

launching in about about three ETF

providers are launching ETFs on Tuesday

this week right okay um and uh there's

they've competing very much on fees like

some of the fees are lower than the US

equivalent in terms of what they're

offering to their investors and it's

been highly promoted in Hong Kong and

there there was a lot of excitement

about this now we covered this a bit in

in last week's Q&A um and that's the

question of I it's definitely not going

to be as much of an uh impact on the

markets as the US were no way the

liquidity will just won't be there even

if Chinese investors can invest through

it in a permission stock conect thing um

they are not going to have the same

amount of demand as the US however

having said that the point the question

more specifically uh is the way in which

these ETFs work and it's very different

from the US now just explaining what in

kind and in and cash models or in cash

creates in kind Redemption and issuance

model is when the asset itself is used

to buy the shares so in this case

Bitcoin in shares come out you can take

your Bitcoin to the ETF provider you get

shares out of it you redeem your shares

you get Bitcoin back right right the US

they the SEC was vehemently against that

you know the the issues themselves want

it but the US was vly against it and the

SEC was vly against it and so they've

had to go for the cash model which is a

lot many steps and I actually did a post

on this on coin.com which I'll link to

Below in terms of how convoluted the

incash version is because they have to

there's an extra step you have to go and

you have to have a cash custodian and

you have to go and have you you go and

put the Bitcoin in they have to sell it

for cash use the cash then go and issue

the shares the AP and and the market

makers on the equity side as well as the

stock as as the crypto side have to go

and there's multiple layers to it and

obviously that adds to fees right so it

becomes a more expensive product and

it's inefficient and the issuers don't

like it either

and then there's also the question of

tracking error which is a big thing for

ETFs right um and um in this I'll refer

to a recent bitm uh blog post that

looked at uh other ETFs uh the in kind

versus the incash um and for for one at

least 70% or so of AUM on ETFs is in

kind right so it's like it's it's that's

what's normally the norm in terms of the

most valuable ETFs and then in terms of

tracking error there is substantial

tracking error for the cash equivalent

ones right so obviously it's inefficient

for the investors they're not getting

the fullon exposure as they want and you

have this tracking era which adds to

costs um so it's an an efficient product

now it will be interesting obviously the

in kind will wi long term because it has

been proven to do the case and you've

got if you've got tracking era for so

long you're not going to want to invest

in a product that's always going to and

if you have an equivalent that's an in

kind version you're going to want to

invest in that because it's can be more

efficient and cost more cost effective

um but yeah it'll be interesting to see

how plays out it will be interesting to

see if uh these particular products are

able if there's studies done to see how

the ETFs in Hong Kong are better able to

track the price of Bitcoin uh whether

this will uh potentially Force the hand

of the SEC um whether the ETF providers

in the US will use it as a reason to go

back to the ACC being like look this is

makes no sense look at these ETFs in

Hong Kong they're perfectly efficient

there's no questions of concerns about K

about money laundering or kyc because

that's one of the concerns the SEC had

they perfectly functioning these are top

tier providers so I think it will win in

the long term um and I think that this

could potentially be a reason for the uh

for these ETF providers in the US to use

it to as an excuse to go back to the ACC

and get in kind Redemption versions in

the US so you think you think the Hong

Kong spot ETFs could actually be bullish

more because of the model they use

rather than any sort of inflows they're

likely to see they could actually could

actually change the way that the spot

ETFs in the US are run yeah I think that

um and that's because of the fact that

although Hong Kong many people are

making this assumption oh Chinese

investors can get it exposure to bitcoin

through an ETF now it's not easy

permissionless Capital flow from China

to Hong Kong it's permission the the CCP

decides what goes in and out now of of

course it is bullish if the CCP does

actually pivot and say we love crypto

you can invest in crypto and then

they'll have an opportunity to easily

send funds to Hong Kong through the

stock connect program the through the

Shanghai stock exchange but um there gcp

doesn't you know they don't seem to be

doing that right now and of course

they're worried about Capital flows

they're worried about people getting too

crazy speculatively with these assets

which is why even on the stock side of

it some of these ETFs um you know but

just to give an example back to what we

said last year week in the Q&A in terms

of like how crazy Chinese investors

could be potentially if they had the

opportunity to invest in ETFs like this

is uh there was a uh gold based ETF that

was traded in in Hong Kong that

basically dep pegged to the premium of

30% because people were in China were so

badly wanted to get exposure to Gold

through this you know easy liquid form

in a stock and um that uses a precursor

potentially could we see that on the

Bitcoin side but again it comes down to

actual flows and it comes down to what

will be allowed from whether you think

the eccp will more likely to allow

people to get access to bitcoin through

stock connect than gold yeah so it's so

it it it's so fascinating uh the whole

kind of Chinese crypto scene in general

Chinese they're crazy for it they love

it and I think they I think they I think

they understand it on a more fundamental

level the many many uh investors in the

developed world and yet you know this

this kind of weird situation where it's

not banned but it's you know there are

strictures in place there are you know

fairly strident regulations it's not

very easy to use um but yeah but at the

same time there's just this huge

potential pool of capital yeah I think

it's also a situation of the the reason

I'm slightly bullish on it for the

longer term is I think that the CC the

cont man command and control economies

and and governments like the Chinese uh

as long as they can control things

they're happy with it so that' far

rather people were able to buy crypto

through a through a a pro a system they

can control and View and monitor right

and they can you know also permission so

if you like you know fits into their

whole social credit kind of thing as

well so the point of the matter there is

as opposed to permission of the stuff

right you can people can easily send

crypto across borders and evade the

capital controls of China which is they

mainly worried about Capital controls

Capital flood yeah yeah cool next

question is from uh 19 Dario 886 and

this is actually a very cool

thought-provoking question and he says

hypothetically if satosi reappeared

would they be able to sell all their BTC

oh yeah that's a great

so I guess well I guess if Satoshi were

to unmask themselves um the only way

that they could prove that they were

Satoshi would be to access the one

million odd BTC that are sitting in that

Genesis wallet and all they'd need to do

would be to move one sat yeah exactly

and like so far no one has managed to do

this and obviously there's a whole

Rabbit Hole you can go down there but

yeah it's a great question because if

they were able to move one sa from that

wallet suddenly bitcoin's Supply yeah

has grown by 1 million so this would be

huge and it would almost C well it would

tank the price because suddenly all this

new suppli is hi in the market now I I

think in the short term it would be very

bad for bitcoin's Price very bad but I

think in the long term it I think the

demand is there to absorb those 1

million BTC but it certainly would be a

a a bad Supply shock in the short term

um so would they be able to sell I mean

I guess they they would but they would

have to you know they would have to

accept that they would be selling at a

you know a much lower price just because

all of a sudden that BTC is accessible

um and obviously that's before you get

into all the implications of like well

hang on a sec who is this person like

you know it would be um I so I think

really Satoshi if if they are still

alive um I think they're in a tricky

situation really because if they were to

if they were to reappear and prove their

existence by moving you know by

accessing this wallet there'd be so many

questions I'm not sure even all that

money would be would be worth it you

thought a lot about this guys this the

reason you haven't touched the coins in

your Genesis one well no comment um but

yeah I think it is it is fascinating

because like you know this is the this

is the crazy thing or one of the many

crazy things about Bitcoin is that you

know not only is it so welld designed

but it also had this kind of perfect

ending if you like you know the story or

or that chapter of the story with with

the Creator just disappearing yeah and

leaving so many unanswered questions but

like that is part of bitcoin's strength

that is part of why Bitcoin is so you

know is is not going anywhere because

there is no Creator every other

cryptocurrency no matter how

decentralized it claims to be or to be

there was always going to be a vitalic

figure an a figure whoever Bitcoin no so

um but yeah they they would be able to

sell it but the they would have to

accept that the price would tank I mean

I'm not going to give it I I I can't

even imagine how much it would tank to

but I I yeah I totally agree with your

your thesis and I think that um I prefer

really like whoever he is wherever he is

I do hope he's still alive I do hope he

never does reappear and show himself

just because of the of it right the

whole notion of this Creator you know

it's a figure and there we are all

Satoshi right that's a cool you know we

are all part of this network that you

know there is no essential part person

and could be wherever he is will live on

which is a great you know narrative for

crypto and Bitcoin itself yeah yeah if

if if he she they are still alive I hope

there was another wallet with plenty of

BTC and that they're that they're living

the high life from that on enjoying yeah

okay Stephan uh after that very

philosophical question Stephan cougal

weighs in with the with the goes even

deeper and says when Lambo and if which

Lambo which lamb do you know do you know

think so okay when Lambo well fine maybe

early 2025 perhaps I mean I don't know

man yeah it's like first in the b in the

bare market last year it was uh yeah

Will Lambo and now it's like will Lambo

and now it's like yeah when Lambo and

then the the decision on what kind of

Lambo I'm looking at on my screen is

also Vol you know to go to who on the

markets are up it's like an SVS type

stuff from the event Doors where it

comes down then it's like a 10-year-old

in galor or something so okay so you you

know some models about I'm I'm I'm I'm

just enjoying

looking done some d r on on Lambos um we

are in Dubai happy be you know um but

yeah to be honest at the end of the day

um although I would be cool to own a

Lambo I suppose you know um it's

practically I would I just don't have I

don't have a car yet I use my I live

right near the office I and I would I

don't know if I'll ever need to use it

because I'm only probably on the

weekends uh and I don't it's just quick

and easy for me to travel but scooter

traffic is a bit of a problem especially

in this area so practically as much as

like I want to you know get it and think

about it and you know flexing in a Lambo

problem is is like you know when am I

going to use it the practicalities of it

um you know but you you'd use a Lambo

you definitely Nick would defin Nick is

100% going to get there is a parking

spot you know we have with my name there

it's just waiting for it to be next

we've got two parking spots at this

office my Toyota is in one of them the

other one is waiting to be filled by

Nick's Lamborghini conistor but to be

fair your your your Toyota fared pretty

well last week it saved you in a few

occasions with regards to the weather I

mean you picked up our videographer when

we needed in here and you we managed to

get us a token 2049 without having to

worry about cab liquid you know lack of

cabs because of their situation so that

Lambo couldn't do that so there were a

lot of flooded Lambos don't want a low

riding car when it rains yeah yeah

exactly okay final question and this is

the real important question this is

where the real Alpha is whole been

building building up to guys and that is

from Neil 945 and he's asking guy what

is the new diet looking super lean man N

Neil 945 is actually my ALT account um

yeah uh I have lost a bit of weight um

well I uh fewer carbs I haven't been

drinking this year I mean I don't drink

much anyway no no booze this year I did

have a couple of beers last weekend but

that was it um and I fast once a week so

Mondays I don't eat oh I don't eat from

Sunday evening to Tuesday Morning which

means Mondays which were let's face it

tough enough are even tougher days when

you guys have to do the news right yeah

there's a we know in the office now to

be very careful around G on Mondays

because that's when you usually

screaming coming from the office like

it's just a and a irritable mood but

yeah I think fasting is definitely you

know a hack a health hack like I should

actually try it like but I'm just I feel

uh especially with building muscle on

the kind of stuff like the notion of not

getting my protein in the day my daily

my daily allowance of protein kind of

scares me but I I think it's important

um because for mental acurity as well

right f is very important mental

accurity yeah I do think it makes me

sharper even when I'm not thinking about

food which is quite a lot so there we

are that's it um more uh also less

cardio more weights more oh okay okay

which seems to helps is good for cool

and pedal that's a pedal and pedal lots

of paddle yeah lots of very competitive

paddle very comp cool guys thank you

very much for your questions this is

great um as you know if you guys want to

um submit them you know what to do we've

got our Instagram link to below um and

uh you can put them there and we'll try

and come to as many of them as we can at

the end of the week um this is great guy

thanks for coming back man good to be

back good to be back and hopefully we'll

see you next week then again soon thanks

guys cheers guys