The Ben and Emil Show - BAES 76: Inside Pump.Fun's most outrageous livestreams

Episode Date: November 29, 2024

The crypto world is getting just a bit out of control. Pump.Fun started out as an obscure memecoin site and has recently snowballed into a completely unchecked casino where anyone can launch a coin fo...r just a few bucks. They recently launched (and have since shut down) a livestream feature which...didn't go very well to say the least. We've got some of the best and worst moments and everything you need to know this week. PLUS, another Forbes 30 under 30 nominee ends up being a complete scammer. We love to see it. LINK TO OUR DISCORD: https://discord.gg/CjujBt8g CHECK OUT OUR BONUS EPISODES: https://benandemilshow.com Subscribe to Emil's Substack: https://substack.com/@emilderosa Leave a comment to be featured as the comment of the week next week! And also, like this video, please! Thank you! __ AURA FRAMES: For a limited time, visit https://auraframes.com and get $45 off Aura's best-selling Carver Mat frames by using promo code BAES at checkout! It's their best Black Friday Cyber Monday deal of the year so don't miss it! MASTERCLASS: Give your loved ones the most unique gift they'll ever receive this holiday season with MasterClass. Head over to https://masterclass.com/baes for up to 50% off. MANDO: New customers get $5 off a starter pack with our exclusive code, which equates to over 40% off! Go to https://shopmando.com and use code BAES MOOMOO: Important: The creator is a paid influencer and not affiliated with Moomoo Financial Inc. ("MFI") or its affiliates. Content outside of the moomoo ad has not been reviewed by MFI and reflects the influencer's own views. MFI does not endorse any strategies mentioned and is not responsible for the influencer's services. Click this link https://j.moomoo.com/BAES to get up to 15 free stocks from moomoo U.S when you make a qualified deposit + earn 8.1% on uninvested cash for a limited time for new users!! Terms & Conditions Apply __ Latest MEATBALL SPECIAL HERE: https://youtu.be/Euyfzwmq8WY Last week's episode HERE: https://youtu.be/EANW1f_BSqA We bought suits HERE: https://youtu.be/_cM1XqA9n2U This episode was shot and edited by Connor Rousseau / @ conrad_roussrad Follow us on instagram! @ benandemilshow @ bencahn @ emilderosa Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript
Discussion (0)
Starting point is 00:00:00 Pump dot fun, right? It's a website. Some of you might have heard of it. Some of you might be trading on it. Some of you, I hope to God you're not, because if you are, you got a death wish. If you or me or any jackoff wanted to create our own, let's say, you know, I like my suitcase. We wanted to make the Baron Trump. We need to get in on that right.
Starting point is 00:00:18 Baron Trump's suitcase? We should pause the show and make Barron. Barron Trump's suitcase? I like my suitcase point in life. There's, I like my suitcase with a market cap of 8,000. And it keeps going. There's even more. Yep.
Starting point is 00:00:31 I honestly think we should buy. If I were Trump and my little kid was going, I like my suit guys, I'd be like, get out of my office. I don't know. There's just something that like, I'd just be irritated. That was more. Shut up. Shut up. No, you don't.
Starting point is 00:00:47 I'm broken down time with bed ain't on me. Tell me what's going on. Tell me what's going on. So listen out up. Too many, tell me what's going on. Tell me what's going on. Guys, this episode doesn't count. It's Thanksgiving week.
Starting point is 00:01:13 It literally comes out on Thanksgiving. No one's watching it. We can say whatever we want. I'm thankful for you. I'm thankful for all of you. I'm thankful for... I said it first, though. So I'm more thankful for them.
Starting point is 00:01:25 Keep going. Thankful for Ben. Thankful for our new suits. I'm thankful for this water bottle. I'm thankful for... My suitcase. I'm thankful for my suitcase because I do like my suitcase. My suitcase.
Starting point is 00:01:40 Some guy just... You can't say that in the first minute. Can we bleep that out? Okay. Can we make a note to bleep Emil's naughty word that he just said? God, don't even bleep it. Just like dip it, mute it. Because I think even a bleep
Starting point is 00:01:58 They get mad at These animals These these people These Parasites Turns out I got a little too riled up About liking my suitcase
Starting point is 00:02:10 I'm gonna get riled up this episode I got I got some beef He's got beef I've got beef I'll tell you what He also won't He's making me edge the entire episode We were gonna watch something
Starting point is 00:02:22 Before this episode And I said yeah yeah let's watch that And then he goes No save it for the bonus Is that how I sound, man? Yeah, and I said, come on, you're going to wait an hour? I just won't watch it.
Starting point is 00:02:32 Hey, what do you think of my new suit? Yours looks sharp. Thanks, Belle. I feel like I look like I'm about to shoot up a bank with your wife. Yeah, sure. Hell yeah. I get a wife?
Starting point is 00:02:46 In the 1920s, you do. Everyone did. I'm picturing it now. And honestly, if Donald Trump has his way, we're all getting wives again, baby. Yeah, brother. Well, hey, gang. Welcome to another episode of the show.
Starting point is 00:02:58 I would like to first say, thank you, as always, for tuning in. He did say it first. We're almost to 69,000 subscribers. I'm not even going to make a joke about that because I'm not a teen. But I do want to remind everybody that we have this other show that we're doing on Fridays. And for those of you who really like the old school trillionaire mindset days, it's a nothing like that. It's a real, it's much better. And it's live.
Starting point is 00:03:26 And it's live. We live stream it every week. And we're wearing suits, which is different. So please do us a favor. Go to the Stock Twits YouTube channel. And you'll see our episodes there. It's called The Weekend Rip. The episodes, if you miss them live, they're still playing on there.
Starting point is 00:03:44 You can go back and watch them. They're very entertaining. And it helps us out if you go support that, iterate that other show. And you want to help us, don't you? Yeah, don't you? You'd like to help us, wouldn't you? Yeah. I heard them say that they would
Starting point is 00:03:56 You're a very good viewer You're a very good listener Help us We love you so much Also we're going to do our first Mail opening soon No word on the female opening Folks
Starting point is 00:04:08 We're not going to be doing a kind of Female opening any time soon But we are going to be doing a male Opened soon It's only first of us That reminds me we got some new mail We did I got to edit to the file
Starting point is 00:04:18 Oh my God wait let me see By the PO box No because it has addresses Yeah but I'm not even gonna I'm just gonna see who they're from Oh this is This one's, this one is from Honey, Homieville, Texas, Loney, Lolliville. Can't read it.
Starting point is 00:04:32 Can't read your writing. It's illegible. Let me see. And this one does not have, oh, this one was mailed out of, this is from Ms. Catherine Harrison and Mr. Jonathan Stallings. I've got your address. Yeah, that's the real thing. If you dare send us something, we're just trying to get your address.
Starting point is 00:04:50 We add you to a list and the list is called sickos. And we're going to also sell that information. to Capital One. And Wells Fargo. Yeah. You're going to get so many effing phone calls. So we got a great episode for you this week, actually. We've got, there's some absolutely bananas shit going on.
Starting point is 00:05:09 We're going to be talking about pump fun a lot because I'll tell you what, we're pumping, but it's not so fun. Yeah. It is pump dot fun, and it is, don't worry, we'll tell you all about it because if you don't know what it is, you're in for a treat. Uh, what else do we have this episode? We'll probably talk about another Forbes 30 under 30 freak. We'll probably do a little bit about, uh, Department of Transportation, new, uh, Sean Duffy. John Duffy. John Duffy. Real world star Sean Duffy.
Starting point is 00:05:40 Duffy. We'll probably get into it. Yeah. Um, oh, I just got a little bit of like static electricity in my ear. Ouch. Uh, before we do that, I, I saw this thing. Kyla Scanlan, friend of the show, posted this morning. and I went and I verified it for myself.
Starting point is 00:05:56 It's from a Japanese bank. Oh, is this about the people? Yeah, well, I'm going to read it for the people. Yeah. You're about to blow it before. So this is a Shikoku Bank. And Shikoku Bank in Japan, on their website, they've got this pledge.
Starting point is 00:06:15 And the pledge, it says, on the website, this pledge is part of a document signed and stamped in blood by all 23 employees, including President Miura, of the 37th National Bank, the predecessor of Shikoku Bank, to ensure the proper handling of banknotes. And they say, if any regularities were found in the transactions, he would make compensation with his own money and even commit Sepuku. The oath conveys the importance of ethics and a sense of responsibility, not only as a bank employee, but also as a member of society
Starting point is 00:06:53 and is passed down as a treasure of Shukoku Bank. The pledge anyone employed by this bank who has stolen money or caused others to steal from the bank will pay for it with his or her own property and then commit suicide.
Starting point is 00:07:08 Tough but fair. Can you I mean, what do I? I want to take that into my local chase and go, can you match this? Can you match this? Can you match this? If I'm going to keep my money here, I need this pledge.
Starting point is 00:07:23 I need your bank manager to show me. Sheila, look at me. Yeah, are you going to fall on your own sword? I need to know you got what it takes if you steal my money. Yeah. Also, I didn't even think of Japanese banks. I didn't even think of, like, bankers stealing my money. I would just think of, like, Robert.
Starting point is 00:07:40 It's always the bankers. I guess, yeah, you're right. Yeah. I have something for you that really, really, really, really, really, really, fucking pisses me off and and huge shout out to the trader tree house uh it is still going it is still a real thing um they know that i've been in this one stock for i i've been in it and out of it multiple times over the last i don't know a year or two uh most recently i bought it right before earnings right after they had done a reverse split because the stock was
Starting point is 00:08:18 trading so low that they had to do a reverse split to keep it in compliance with Nasdaq. I bought it like four bucks. Are you going to tell us what the stock is? Yeah, yeah. Can you just Google QMCO stock? Yeah. So why don't you go ahead and do the... Oh yeah, you were telling us about it on, yeah.
Starting point is 00:08:39 Do the 1M. Click 1M there. So yeah, you see that right around. No, scroll back right around to like, yeah, that's right. where old Benny Boy bought it and then one to the right a little bit, that's where old Benny Boy sold it. Well, you want to cut your losses. It was going
Starting point is 00:08:55 down. That's just good strategy. I lost like five grand because I bought like 5,000 shares. Yeah, good thing you didn't hold it too long. And then I was perplexed because you know, I've been following this company and I'm so... Look at that. It kept going down. You made the right decision. I am so agitated because
Starting point is 00:09:11 I'm watching this thing and I'm like... Yeah, he got out right in time. Oh. And then So I bought it at like four bucks. Well, let's just call it four bucks. Sold it at like three bucks. Let's just say. And since then, in the last week, it has shot up to over $20 a share. And that would have been about, I don't know, 100 grand.
Starting point is 00:09:34 Wait, well, so I have something really funny for you. Oh, yeah? You're going to like this. I can't wait. So if you are not watching the Friday weekend rip show, I was- Fuck you first. I was making a joke about Bitcoin rocketing and rocketing and that the only way to bring down Bitcoin
Starting point is 00:09:51 would be for me to buy into it. No way. It's the only way. No way. And I fucking bought into Bitcoin. Did you? Why? I bought in at fucking $98 grand. It is at $93 grand. And it is, and here's what I thought. I said, look, this thing is only going up. At least, I've missed out so much.
Starting point is 00:10:13 At least I can get in before this thing hits $100,000. grand. It's fucking flirting with it. It's gonna hit 100 grand. I'll be one of these people. I'll say, yeah, well, you know, at least I got it before 100 grand, right? And I said, in my head, I said, look, it's win-win. It's either, I either fucking buy in and it goes, and I tank bank going, and okay, that's a win. And it makes you feel good. Yeah. Or it fucking goes up and I make some money, right? But dude, I'm telling you, I bought in. Wait, what did you use? Coinbase? Robin Hood? No. What did you use? I used strike. What the hell is that? I did some research, people. It's, uh,
Starting point is 00:10:45 I like it. Strike. Yeah. You did some research. I'm shocked that you didn't just use Coinbase. Or, or, yeah, Robin Hood. Don't you have Robin Hood?
Starting point is 00:10:55 I used Strike. Okay. He's yelling at me today. He's being so abusive. It is so funny watching it just like fucking tank. I saw. And I don't care. I'm going to keep buying it.
Starting point is 00:11:08 I'm going to bring this thing down to the fucking knot. That's not a bad idea. I saw a guy, someone posted a video. I had to take matters into my own hands, okay? You did the right thing. I saw someone post a video of their, like a screen recording of their Bitcoin purchases.
Starting point is 00:11:26 For the last like seven years, they've been just buying $35 worth of Bitcoin every single day, just an auto buy, and their position is now worth a million dollar. Good for them. Well, not if I have anything to do about it. You probably did. I probably single-handedly wiped out a little bit of his fucking money.
Starting point is 00:11:48 And I'll tell you what, get out now. Because the more I keep buying, the more this thing's going down. You know what's doing real well for me? Fucking fart coin. P-U, stinky-winky. Fart coin, baby. Fucking comment your meme coins. I'm buying into them.
Starting point is 00:12:04 It's not that one. I think it's that second one. Yeah, that second one. I believe I mentioned it on this show. Do the one-month chart. Hit 1M. I believe I mentioned it around November, like 11th. So it was trading, yeah, for like 12 cents, something like that.
Starting point is 00:12:24 And it shot up to a high of like 40 cents. Pretty cool, pretty stupid. Speaking of stupid. Don't tempt me. I'll buy into FarkCoin. Hey, gang. We want to take a quick break to tell you a little bit about Aura Frames. It's the season of giving gifts.
Starting point is 00:12:42 You know, you got Christmas coming up. You got everybody to think about. And why not shop at one place for everybody on your list? That's the nice thing. You can give it to multiple people, but personalize it for them. That's exactly right. You can give it to your mom. You can give it to your grandpa.
Starting point is 00:12:57 You can give it to your sister. I don't know, sister, cousin, whatever. Aunt, uncle. Because what is it? It's a digital, it's a digital frame. It's all you connect. It takes two minutes to set up. We're talking about aura, folks.
Starting point is 00:13:10 Yeah. Orr frames. Or a frame. It's the wirecutter called it the best digital photo frame. It's easy to see why it takes no time to set up and get connected. All you do is you can add your favorite photos and videos yourself from the app. It just connects to your photo library and then you click the ones you want. Couldn't be easier.
Starting point is 00:13:27 For a limited time, if you visitoraframes.com, you'll get $45 off or is best-selling CarverMatt frames by using our promo code, Bayes at checkout, B-A-E-S. That's A-U-R-A-Frames.com. Use promo code Bays. It is an exclusive Black Friday Cyber Monday deal. It's their best of the year. So don't miss out. You got terms and conditions that apply.
Starting point is 00:13:53 And, you know, you get some. Come on. You all got a special picture with a loved one? Yeah. Give it to your mama. Give it to your mama or your daddy or your grandma or your grandpa. Whoever you got on your list. I got one.
Starting point is 00:14:08 Emile's got one. They're great. I love them. I gave mine to Ben, loaded up with pictures of us. We got pictures of Japan in there. We got pictures of us in New York. We got pictures of us live on stage. So cute. So sweet. And every time I come over, I just see all of our sweetest memories. 4frames.com folks, bays at checkout for $45 half. No, this is a good, this is a perfect segue into what we're going to talk about and how silly everything has got. I did skip out on my good friend Drew told me about this one coin called bully. It's an AI, like chat bot. that's a bully and it's mean to you and it has a coin and i was looking at it and it was trading for like two and a half cents and i thought eh i don't want to chase it and i forgot about it and today it's trading for 14 or 15 cents no that's the wrong one it's hard to find don't worry about it um and yeah that's a that's a sevenfold increase you know and uh fuck me
Starting point is 00:15:04 fuck me right between that QMCO that's the thing is just real fast I got a harp on this because I had been watching this quantum co this quantum corporation company the market cap was at like
Starting point is 00:15:22 $15 million dollars like $15 or $20 million companies valued at $20 million and yet their annual revenues are like $300 or $400 million or something like that They don't have that much debt relative to the size of the company. And I just was like, all this needs is more eyes on it.
Starting point is 00:15:42 And I just, after it did the reverse split, I thought, you know what? I should just, I should, sometimes when these things reverse split, they start to catch a bid. And I just, I just can't believe it. I've been following it for over a year and had lost money on it. And then, it just, it's unbelievable. Hey, man, you couldn't have known. we should start a we should start a little joint venture you tell me what stocks you want to short all buy into them yeah a little uh i'll tell you what it's a bit frustrating too had i just bet on donald trump winning
Starting point is 00:16:19 in what capacity how would you lost the election oh oh oh oh yeah like polymarket yeah yeah it's all i had to do uh all right so folks pump dot fun right it's a way it's a website. Some of you might have heard of it. Some of you might be trading on it. Some of you, I hope to God you're not, because if you are, you got a death wish, because this thing just is... It's bad news. It's bad news. It was launched in January of this year. Well, I saw that it was launched in January of this year, and somewhere else I saw that it was launched last year. I don't know which is accurate. Either way, it's been around for almost a year or two years. It allows people to create their own Solana-based tokens in minutes.
Starting point is 00:17:08 So for my mom, Solana is like Bitcoin. It's just a different type of cryptocurrency, right? And on the Solana blockchain, you are able to do certain things on it. For whatever reason, developers choose a lot. It's very popular to have coins on the Solana blockchain. I don't know why. I'm not going to pretend to know why. Maybe it's low fees or whatever.
Starting point is 00:17:37 But either way, so the way it works is you would buy Solana first and then swap the Solana for whatever coin you want to buy. And vice versa, if you want to sell. You would swap it back to Solana and then sell that for dollar. But so if you or me or any Jackoff wanted to create, or let's say, you know, I like my suitcase. We wanted to make the Baron Trump. Fuck, dude, we need to get in on that right.
Starting point is 00:18:07 Baron Trump's suitcase? We should fucking pause the show and make Barron's Berenst's suitcase? I like my suitcase coin. It could happen. This doesn't come out until we're doing it after we record. Let's go to Pump.com. So let's just show the people how it works.
Starting point is 00:18:22 Wait, wait, wait, wait, let's see. Pump prevents, so when you open it, first of all, it tells you exactly how it works. You might be familiar with it. You've probably heard of some of these coins. Like, we've joked about Goatsy coin. We've joked about fart coin. We've joked about all the people are making
Starting point is 00:18:35 huge money on some of the stupidest things ever Honestly part of this conversation The reason we started talking about it Because I was telling Ben I'm sure a lot of people are familiar with the new meme Of the dog I'm a chill guy I'm a chill guy who low-key doesn't give a fuck or something like that
Starting point is 00:18:51 I just know what it is chill guy The dog with the jeans on and the sweater And he's just kind of standing there with his pockets And hands in his pockets he's a chill guy Kind of looks like you He looks like me a little bit And so I kept seeing it on Twitter, and then I finally was like, I guarantee this is a fucking coin. I guarantee it.
Starting point is 00:19:10 And sure enough, pumped up fun, it launched on pump, dot fun, it has a market cap of close to half a billion dollars. Half a billion with a B, he said. Yep. Which, as I'm saying it, I'm going, you have that wrong. Amiel, it's not half a billion you're moron. No, it is. 400 million. I can't quite compute it.
Starting point is 00:19:29 Right. That's the thing is we are applying traditional. finance metrics to this very untraditional thing. And I don't think it necessarily reflects reality to say it's worth. I mean, sure, yeah, according to the raw numbers of how many coins there are times the price. It gives you a total valuation of half a billion dollars. But yeah, it's not like a company that's... But so all that is to say is, if there's a meme you're seeing online, there is a meme coin. associated to match with it now it's you know that stupid fucking dog with the hat and the shorts
Starting point is 00:20:08 and the shirt there's a new one a ski mask dog get in on it yes and that's the that's the hard part too is like i'm sure that when the chill guy coin launched there were a dozen other people trying to make the exact same thing and it's just it's a crapshoot but so normally with the so this is why pumped up fun is really popular in the past when there would be a a new coin launched. Let's say me and Emile wanted to launch the Baron Trump suitcase coin. Which make sure you find the right one. Ours.
Starting point is 00:20:40 Yeah, yeah. If we wanted to launch such a coin, we might first assign ourselves shares. We might give ourselves, hey, we're each going to get like 20 million of these fucking coins. At least. And then we launch it and then we pump it out there and say,
Starting point is 00:20:57 hey, we launched the Baron Trump coin. And then as soon as there's a little bit of volume as soon as people suckers if you will start to buy it we might unload our entire share which is called a rug pull because typically we would overwhelm the buyers with all the coins that we are selling thus pulling the rug on the price so which was like the huge thing in 2021 that everyone was pissed about any creator Logan Paul for example could tweet out to all of his followers and say hey buy into my coin it's going to be really big and then just rug them so pump apparently prevents that by making
Starting point is 00:21:31 just reading straight off their website, by making sure that all created tokens are safe. Each coin on pump is a fair launch with no pre-sale and no team allocation. Team allocation being what I just referred to and pre-sale being exactly what it sounds like. I remember so many
Starting point is 00:21:48 coins in circa 2021-22 people people being fucking chamath getting like early access to Yeah, you're in like a special discord. Yeah. And you knew the right people.
Starting point is 00:22:01 You would get however many tokens assigned to you and then just... And then as soon as it goes live, they just fucking sell it. They just dump it, yeah. So it says reading on here, step one, pick a coin that you like. Step two, buy the coin on the bonding curve. I'm not going to explain what the bonding curve is because I don't really know. Step three, sell at any time to lock in your profits or losses. Step four, when enough people buy, it reaches a market cap of $100,000.
Starting point is 00:22:30 Basically, every coin starts out, you know, just in the basement with a valuation of however much, 5,000, 17,000. Once it reaches a valuation of, they must have changed it to 100,000, because I thought it was... Yeah, I thought it was 69,000. So anyway, once a coin becomes popular enough, it then graduates to this other... platform called radium which is like just if this is like the penny stocks exchange radium is just like a step above that where okay you've gained just enough popularity just enough legitimacy to take the next step and then hopefully from there it would go on but so let's say we're ready to pump let's let's go on to this fucking chaotic website let's accept all the cookies because
Starting point is 00:23:25 fuck it um and here we go just scroll down look at look at at some of these. We've already got, there's, uh, um, Jesus Christ, there's Buddha a coin, angry, angry Rudolph coin. Should we see if there is, I like my suitcase? Yeah, yeah, fuck it. I like my suitcase. Yep. Oh my God. Oh my God. There's, I like my suitcase with a market cap of 8,000. I honestly think we should fucking buy. No, I'm not doing that. I'm not doing that. This is, and you, so you know how much it costs. Cost to launch one of these? $2. Cost $2 to launch one of these. And there are, let's see, $3, 6, 9, 12. Keep scrolling.
Starting point is 00:24:10 How many more? I like my suitcase. 15. There are so far... Just 15 one. Let's click... It keeps going. There's even more.
Starting point is 00:24:19 Yep. There are multiple pages of... I like my suitcase. Oh, yeah, just the one. Let's click one with a lot of replies because this is how it works. right? Yeah, how about that one? That was 21, yeah.
Starting point is 00:24:34 So you see the chart? Okay, this one immediately didn't work. It just didn't fucking catch on. Scroll down. So here's the thread showing you can reply, and there are people talking about these things. Apparently it shows how many people hold it. I don't know. Hey, gang. We've got to take another quick break to thank another sponsor of today's show.
Starting point is 00:25:00 a real important one for you if you're still struggling to come up with a gift idea like I tend to who's coming up with gifts ideas is hard but imagine this all right you got your loved one your brother your sister your mom your dad or whoever and they got the
Starting point is 00:25:15 just picture the celebrity that they loved the one that they wish they could hang out with you know like I know I know I would love to hang out with Mark Cuban and kind of make fun of him but also you know gently get a little wisdom from him get a little wisdom from Guess what? Mark Cuban's got a master class.
Starting point is 00:25:32 Just about anybody you can think of. I'll tell you what. What? I gifted myself this, all right? You know I'm in there watching the Serena Williams Masterclass? Oh, yeah? You know, I'm watching the, I'm doing mental toughness lessons. Yeah.
Starting point is 00:25:47 Advanced net play, round strokes. Yeah, with master class, you know, you don't just give your loved ones something they want. Give them something they want to be, right? Emile, he wants to be a better tennis player. The number one women's tennis player in the world. And with Masterclass, your loved one can finally become whatever they, whatever they strive to be, a better cook, writer, entrepreneur, or artists just like they've always wanted. That is what you get with the gift of Masterclass.
Starting point is 00:26:15 It's really brilliant. And Masterclass always has great offers during the holidays, sometimes up to as much as 50% off. So what you want to do, folks, you want to head over to Masterclass.com slash. bays to see their current offer. That is up to 50% off at masterclass.com slash bays. That's masterclass.com slash bays. Go check it out. So this thing really caught fire in the last several months. And by August it had facilitated over one million token launches. So over a million tokens had been launched just by August. So probably by now it's, I'm sure. it's doubled. And those
Starting point is 00:27:00 million tokens accounted for 67.5% of daily token creations on Solana. And by now, yeah, they've launched over 2 million. It's got a really bad success rate. So, I mean, we just saw there were like over a dozen of these suitcase
Starting point is 00:27:17 coins that are just dead. They're just sitting there. It's just dead money. And one guy, there was what? Making a lot of money for generating tons of fees. while they're at it $27.7 million in monthly fees for November.
Starting point is 00:27:34 27 million. They're like breaking their own records. If activity continues at this current pace, projected fees at months' end will exceed $41.6 million. And the creators of this website are totally anonymous. Nobody knows who they are.
Starting point is 00:27:48 One guy did a studies, some crypto guy did a study in August showing that of the 16,000 coins created in just one 24-hour period, only 175 made it above the $69,000 market cap mark to qualify for an upgraded listing. Yeah, this is kind of the problem, too, because a lot of the stories you see, I mean, everything I'm seeing, it's, you see the big pops. You see the kid who turned $16, put it into peanut, the fucking squirrel they killed. Put it into peanut coin, made $3 million.
Starting point is 00:28:24 So you're like, why don't I just fucking jump on here? play the meme slots. Yeah, it's, I mean, you probably have better odds than Vegas, but it's wild to me because the website in itself is kind of a pump and dump. It's seeing this massive surge in all of these meme coins. I'm sure it's not sustainable. But yeah, like we've been saying, 13 meme coins created there have surpassed the $100 million mark, peanut, which hit $1.5 billion.
Starting point is 00:28:54 dollars. Goatseus Maximus that we mentioned on this show a few weeks ago hit over a billion market cap in Chill Guy which hit 428. So speaking of peanut, let's click that link because I read something interesting today. Wait, just some of the other ones are Act 1, the AI Prophecy. Just the Chill Guy's a big one. I don't know some of these memes. FWOG. It's a, it sounds like It's a frog. Yeah. Just the show guy's huge. Moodang, which I fucking said we should have bought into big.
Starting point is 00:29:30 Yeah, Moudang coin. And then Bully's one of the ones. Yeah. Bully, fuck me. Has Bula's cat? And if you're confused, it's okay. Because none of this does, none of this makes sense. Basically think of it like this.
Starting point is 00:29:47 In as much as before there used to be memes, they would come and go. Now you can essentially buy stock in memes. and there's no value to it, there's no rhyme or reason, there's no profits to be shared, there's no profits to be made because these things aren't businesses, they don't generate any kind of money. It is simply rampant speculation. If you really want to drive yourself crazy, I should find it and post it in the description, but there's some kind of blockchain podcast or whatever, and they're interviewing guys who are talking about how this is a good thing, you know, the internet's changing,
Starting point is 00:30:24 And now, you know... I would love to hear how they argue that this is a good thing. You used to be able to just track popularity by posting stuff and seeing who's posting. Now you can see in real time the popularity of different memes. And you can invest in those memes. But that's a bastardization of the word invest. You're not investing. You are purely...
Starting point is 00:30:46 Speculating. It's just bullshit. You are watching... You're not even watching a dog race. You're not watching horses. you know what let's let's let's let's break it's not horses it's not fucking dogs it's not even like a cockfight you're watching it's it's like a gee i don't even know what kind of it's watching losers online tweet you're hoping oh god i hope i hope people tweet about this yeah you're
Starting point is 00:31:10 watching like a turtle race at a dive bar in boston or something that actually sounds fine oh you fucking turtle that actually sounds nice yeah that does sound pretty cool uh so the owner of peanut the squirrel who died in a hail of gunfire suicide by cop they were calling it peanut squirrel launched his so so this guy according to this tweet launched his own coin cash tag justice
Starting point is 00:31:37 for peanut and Fred as his own project while denouncing cash tag peanut when I'm saying hashtag I mean the little dollar sign before the ticker symbol that's what it's called and currently justice is surging to a $13 million market cap while the original peanut
Starting point is 00:31:55 has been on a steady decline since peaking after its Binance listing. Wait, is Justice... Justice is not related to Costco guys, isn't it? No, no. Those guys fucked up. They should have created a meme coin ages ago. If there's not a boom coin,
Starting point is 00:32:08 I guarantee you there's fucking 50 of them. Yeah, let's check. Why not? I need to buy into boom coin. I need to buy into boom. I need to buy into boom coin. Pumped out. fun.
Starting point is 00:32:24 What should we type? Costco Guys. Costco Guys coin? Let's see. Oh, my God. Yep, sure enough. There's one. There's one. Wow, decent market cap on that one. Yeah, 32,000. See, but these are old. That one's nine months ago. People tried.
Starting point is 00:32:40 Rizler? Oh, Christ. They have 2.7 million. The Rizzer coin? 2.7 million? Fuck. Fuck me. And then they combine them.
Starting point is 00:32:50 They combine chill. Chill gill risler, chisler, chisler, giga risler. Geez, they made him black. Dude. I can't say it. It's N-word with an A-risler. Dude. Look at that way.
Starting point is 00:33:05 Pull up, click the, click the inward risler. Click it. I want people to see this. Jesus Christ. Can we click the... I just like that there was a little pop. On November 19th, people were like, you know what? I'm buying high on...
Starting point is 00:33:20 I'm blackface Rizzler. Look at him. Look at that. Look at that photo. Can we make that bigger at all? Dude. Oh, yeah, yeah.
Starting point is 00:33:32 God. We used to be a real country. We used to be a real country. We used to be a real. This is the most real we've ever been. Okay. So there's definitely a vibe shift. So let's check in on.
Starting point is 00:33:42 Actually, let's, why not? Let's watch. Let's type in justice. Justice coin. Let's see if we can, let's see where it's at for this. this guy justice justice for peanuts uh is it even on here yeah there we go it's as of now there's the very first one as of now it's at a fucking 45 million dollar market cap this tweet was
Starting point is 00:34:04 made i don't even know how many hours ago wow and it had peaked holy shit so wait okay uh you see where it says price um m cap right there hit m cap so let's see what oh it doesn't even show god damn man All right. Let's go back to that tweet. So this tweet is so outdated already. It surged to a $13 million market gap. No, no, no. As of us just now looking it up, it's at a 40-something. And so this guy claims that the peanut community, quote, used my story, my squirrel and my likewise, I think he means likeness, to make millions. Community members have been quick to fire back stating that they had raised and donated $50,000 to him, only for him to sell the donation instantly. I guess they probably gave him
Starting point is 00:34:52 shares in the coin. Squirrel Dad has also announced he plans to be suing Peanut in his own words. He says, wait till I shut it down for copyright infringement. Buddy, you're not going to get shit. I cannot wait for some of the stuff to come, to get to the courts and a judge just has to, wait what?
Starting point is 00:35:12 The chill guy artist is also apparently threatening to sue. We'd just love to see some 65-year-old. old judge trying to, what the I saw it's a peanut. I don't understand. You had a squirrel correct? And they made
Starting point is 00:35:28 a stock for your squirrel. Yes, Your Honor. Pumped up. Fun. And they made the millions of dollars on this stock. Yes, it was about your squirrel? Yes. I don't understand. There's nothing to understand. It's just, it's
Starting point is 00:35:44 it's, it's, um, it's absolutely insane. But so there was some really good. It was, it's, it's like when the whole SBF thing was happening and there was just like hours of them going and here's what a crypto exchange is Hey gang gotta take a quick break to talk
Starting point is 00:36:02 talk about stinky stuff right you stink you stinky you're big stinky winky I know what meal is I know I can be you know sometimes sometimes things just stink you know sometimes your balls smell sometimes your pits your balls your thigh folds your belly button your butt crack your feet your whole
Starting point is 00:36:20 your whole thing is just stinky. Unendless amount of places on your body that can stink. Yeah, that's exactly right. And you know, I used to suffer from that. I know Emile sure did because, boy, this guy's got twice as many sweat glands as the normal human being. I don't know what's going on over there.
Starting point is 00:36:35 I wish you could smell it, guys, because it just stinks to high heaven, but not anymore. That's what happens when two ancient Mediterranean cultures come together. Yeah. He gets profound beauty, but also profound body odor. But now, thanks to Mando, my boy here, uh, smells pretty, pretty good.
Starting point is 00:36:57 You know, they, it was, uh, because Mando was created by a doctor who saw freaks like a meal and was like, I gotta help this poor animal. Well, they saw it was being misdiagnosed and mistreated, B.O. You know what I mean? Yeah, yeah. They found out, they, they, they cooked up something that could, was clinically proven to block odor all day, control odor for up to 72 hours. That's right. You got two product options. You've got a solid deodorant stick, which was formulated and empowered by mandelic acid to stop odor before it starts. And you've got a spray deodorant that's aluminum-free and ideal for those hard-to-reach places. All products are baking soda-free and paraben-free, baby, baby. Clinically proven to control odor better than a shower with soap alone.
Starting point is 00:37:40 You've got a variety of fresh scents to choose from, like bourbon leather, Cloverwoods, Mount Fuji, or Pro Sport. I know Emil likes that one because he's a pro-sport tennis guy. Look, I'm telling you what. I take my Mando pack with me. I can go play tennis before we record. No one's going to smell me. Yeah. And 12 hours after a shower, they say that the average man's grundle odor.
Starting point is 00:38:00 I call it the taint. But the order level was a 5 out of 10. Boy, can you imagine the scientist who's got to go down there and take a whiff of that to give it that rating? But with Mando, the average grundle odor level is a 0 out of 10. I want to be that scientist smelling it after the fact. So Mando's starter pack is perfect for a new customer. customers. It comes with a solid stick deodorant, a cream tube deodorant
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Starting point is 00:38:40 Use code Bayes at shopmando.com. S-H-O-M-A-N-D-O-com. Please support our show and tell them We sent you. Smell fresher. Stay drier and boost your confidence from head to toe with Mando. Yeah. So it gets crazier, folks, because recently pumped up fun, someone at was one of these anonymous
Starting point is 00:39:02 guys over there had the brilliant idea to incorporate live streaming. So now you could launch a coin and you could live stream to help promote and muster up enthusiasm for your coin. You're your own coins hype man. That's exactly right. nothing bad could happen no this is a good idea everything is i can't imagine anybody like pretending or uh threatening to like shoot their own dog or uh i don't know kill their whole family kill themselves surely nothing like that would happen that would never happen but that's exactly
Starting point is 00:39:37 what happened that's exactly what happened here let's just let's go through a couple here this very first one yeah here's a young man who uh was shooting out of his window his gun out of his window every time... So Pump Fun Dev was shooting out of his window every time his coin pumped. Play that clip, baby. It done migrating? Beck. I'm going to blow the bitch on right now. You blew that bitch screen on bro.
Starting point is 00:40:05 You blew that bitch up, chat. I can blew that shit up, chat. Okay. Let's play the next one. Someone's tweeting, something bad is going to happen on Pump Fun eventually, just a matter of time. So this first one, this high. school kid, these are people who have been
Starting point is 00:40:20 following things on Pump Fun. This high school kid looks about 12 years old and yells on his live stream that if his token doesn't reach a $60,000 market cap, he will kill his entire family with a shotgun. All right, let's go to the next one.
Starting point is 00:40:35 Yeah, there you go. For a 60,000 market cap, that doesn't even get you to radium, dude. You're going to kill your whole family? You're not even on radium? Yeah, at least bump it up to 70K. Imagine you're bleeding out when you find out your kid did it for a 60,000 market cap. Did you at least make it to Brady. No, Daddy.
Starting point is 00:40:51 With 60,000, it's pretty good. I like my suitcase. This person, Bo, who's someone in the crypto community, I've been seeing them a lot on my time line. Tweeted at Pump.com. Fun, just the other day, there was currently someone using your live streams to threaten to hang themselves if their coin does not reach a set market cap. And then they call to shut down the live stream feature saying it's out of control.
Starting point is 00:41:18 Uh, let's go to the next one. Oh, here's, um, a couple highlights. Why is that cut off? Oh, whatever. A guy and, and a girl punching their three-year-old in the face every four minutes. And in the background, it says 15,000 market, market, cap. Oh, my God. Again.
Starting point is 00:41:35 Okay. Get to radium if you're going to be doing heinous shit. Apparently, yeah, someone was fucking, what in God's name? This is the kind of horror we see these days and it's happening every second as pump fun grows. Yeah. All right. And let's go back to the outline. There's a couple more I collected here.
Starting point is 00:41:49 This guy won't get off. This one's more fun. Yeah, this is, you know. There's a fun one. This kid is literally sitting. Also, wait, wait, so, what? Hit escape real quick. Not only is it more fun,
Starting point is 00:42:00 he's not getting up until it hits 50 million. Okay? Now, this is what I'm talking about. This is a real. He wants to get on radium. He wants to be a real player. Yeah, he said his coin is called shit coin. And he's not getting up.
Starting point is 00:42:13 Folks, he's not getting up until shit coin hits 50, million in market cap. It was currently at 7 million. And he's also trying to simultaneously break the world record of longest time of sitting on a toilet, which is currently 116 hours, and he's six hours in
Starting point is 00:42:31 and is known for breaking world records. And that's just a let's play a little clip of him, just sitting on the toilet. Real winner here. I guess he's got no sound. There's a little bit of sound. Jesus God. But there's just not much going on. This is poor guys
Starting point is 00:42:47 hemorrhoids. Ugh. Brother, is he wiping? What are you doing? Surely that breaks the streak if you lean up like that. You see, boom, it's over. If I'm Guinness, I'm saying, no, you're not,
Starting point is 00:43:03 that doesn't count. He looks exactly how you think he looks. By the way, for the audio list. What does he say? Wait, yeah. Wait, yeah. I'm gonna don't ask
Starting point is 00:43:16 I'm gonna leak my dick at some point dude I'm gonna leak my dick like he's gonna stand up and show the dirty baby you nasty boy you freaking nasty dog oh my god okay
Starting point is 00:43:29 god bless him all right what's what's one of the other ones I'll tell you what I might be buying into shit going because he's got he's got a record for breaking records yeah here's a here's a young man
Starting point is 00:43:40 here's a recent college graduate it who's got himself locked in a dog cage. So that's what it very quickly became. He locked himself in a dog cage until his coin hit $25 million. Let's not even fucking watch the video because I'm not going to give this the time of day. But I went on Pump Fun last night. There were a lot of women. There were a lot of people doing porn shit being like, I'm going to continue to suck off this dildo.
Starting point is 00:44:07 Or I will start sucking off this dildo if you guys buy my coin. Very smart. Yeah. Because if I'm sitting there, I'm going, damn, I want to see this lady suck off this dildo. Let's get this later to $25 million. Let's get her on radio. She deserves it. There are people doing all kinds of.
Starting point is 00:44:22 It's basically, it basically quickly became, hey, I'm going to do a bunch of crazy shit. Or I will do it once my coin hits whatever. Do you want to see me eat this bowl of poop? I'm going to get my coin up. Bowl of poop coin. There were also some really awful things. Like there were a couple guys who launched a chicken fight club coin. And it bombed.
Starting point is 00:44:43 So they killed the chicken on stream. And then they launched another coin calling for justice for the chicken that they had just killed. And of course, there was this little dipshit who created a coin a few weeks ago and then immediately dumped all of it. And this video is just so endearing. He created a coin called Quant and then dumped all of it, earning himself $29,000 in profit. And then what's great is everybody collectively bid. up the coin
Starting point is 00:45:14 so that his tokens that he sold would have been worth like four million dollars so great let's watch this little asshole oh thanks wait what wait I'm so confused you just made a lot of yours kid
Starting point is 00:45:29 why is it new no way oh holy fuck holy fuck you fuck let holy fuck thanks for the 20 bandos
Starting point is 00:45:38 yeah he did yo You, you, you, you, you. All right, stop it. I can't watch this stupid little asshole. He, thanks for the 20 band, though. They're flipping them off. But what's great is then they went on the people on the website,
Starting point is 00:45:56 then went on to make coins for him, his mom, his dad, his whole family. They created a quant. It was called Quot coin. And they found his whole family. Mom, Quant says, Quint. They tokenized the entire family. the quant ecosystem. I don't know how you say it's his last name is B-I-E-S-K, B-E-S-K.
Starting point is 00:46:17 Beesk. I don't know. Bisk. So they've got his mom, Stacey Bisk, his sis. Quint. Quant. Rest in peace, Quant, Grandpa. I guess he died.
Starting point is 00:46:27 Yeah, because there's the little shit little kid. Stacey Bisk. Quant mom. Quant-S-S-E-E-Sk. Jesus fucking Christ. And Adam B-B-Sk is dead. Quant dad. So anyway, as of this recording, apparently,
Starting point is 00:46:41 They've shut down the live stream feature. It is no longer available. If you click on this Polymarket thing, apparently people are guessing there. The odds that Pump Fund gets banned in the U.S. before 2025, Polymarket has a 97% chance that it will. I'm surprised. I mean, all this crypto shit is just running wild now.
Starting point is 00:47:01 I mean, they're getting rid of anyone who is not friendly to crypto. I cannot imagine. This is just, I mean, this is the crypto community is cooking up things the black the black mirror writer's room could only yeah yeah it's extremely black mirror
Starting point is 00:47:20 it's oof it's just unbelievable you know there's not something you would find on mu mu mu because mu mu mu is where all the legit stocks are you got to check that link in the description folks because mu mu mu mu is uh that's where you want to be going you don't want to be
Starting point is 00:47:35 going to pump to pump fun um you really don't want to be going to pump fun You really don't. Man, I have to pee so bad. Should I go now or should I hold it? What do you think? I can't make this decision for you. If you have to piss so bad that you need to go piss, go piss.
Starting point is 00:47:51 If you can hold it, hold it. I think I can hold it. I think I can hold it. This shit is just so... I should make a token. Ben P.C. It does make me want to create a token just to see... Yeah, why not?
Starting point is 00:48:08 There's no way. Ben and Emil? Did some A-hole make one? Oh, thank God. Yeah. Please don't do it. Yeah, don't make a coin. But if you do give us...
Starting point is 00:48:20 There's nothing for Bays. Wait, what was that? A nuke coin? No, the Channing Potatum. I mean, you really got to hand it to some of these people. They're really creative. It's going to be really frustrating seeing... Just coming in contact with...
Starting point is 00:48:39 Kids who are like 23 with millions of dollars because they traded meme coins, they can barely read. They can barely function. It's truly just millionaires. It really does reward people who have a good understanding of how these things, how memes work, what memes they might think have legs versus what might not. and it sucks that those people get rewarded monetarily. Which, I mean, that kid doing this is like... That encapsulates the whole thing.
Starting point is 00:49:17 It's the entire thing. Yeah. And him saying 20 bandos. Dude, thanks for the 20 bandos. I've never heard of... I mean, I've heard of bands. I know what bands are. The thousand bucks, right?
Starting point is 00:49:28 Oh, yeah. I don't know. I'm just worried about the... It's funny, this is... I would take it from my kid. If my kid made that, it'd be like, you didn't... I'm putting that.
Starting point is 00:49:37 in like a college fund and you don't get to touch it. I'm fully hitting him with the Obama. You didn't build that. Wait, I don't know that Obama quote. You didn't build that. Michelle. Yeah, can we get a quick you didn't build that?
Starting point is 00:49:53 What's that from? Wow, it's got its own Wikipedia page. It was like a huge thing from the election. Wow. If you were successful somebody along the line gave you some help. Wow, can we fix his mic? There's a great teacher somewhere in your life.
Starting point is 00:50:07 somebody helped to create this unbelievable American system that we had that allowed you to thrive somebody invested in roads and bridges if you got a business that you didn't build that you didn't build it somebody else made that up and the right obviously took it as like he's anti small business he's saying we didn't actually build it uh shut them fuck up hey gang we want to take a quick break to thank uh our favorite sponsors this show. You know it. I know it. Guess what's coming. You know it. Just say it with me. Moo. Mo, moo. Moo. Huge shout out to Glenn and everybody over at Moomu. They really got the best, they really got the best finance trading news, you name it app out there on the market. I use it.
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Starting point is 00:52:22 You get five free stocks. I love it. Deposit $1,000. You get 10 additional free stocks. For a total of 15 free stocks. Lastly, you get the transfer room bonus. You can get a 1.5% cash reward on your initial transfer amount. Up to 300 bucks.
Starting point is 00:52:38 That's tremendous, folks. So what you're going to want to do, if that sounds appealing to you, which it should, go click the link in the description to learn a little bit more about it, right? And now back to the show. Shut the fuck up. Real fast. But that's what I'm hitting my kid with. Man, every time you say that's what I'm hitting my kid with, I'm like, what a belt?
Starting point is 00:53:01 In this house, we hit our kids with Obama quotes. I'm putting that on a sign. The only one I'm doing is Michelle. Is the kid's name, Michelle? I would never name my kid Michelle. Sorry. If anyone out there is named Michelle. The Michelle community is freaking out.
Starting point is 00:53:22 It's too bad if we're live and we can't edit that out. No, but there was, I was talking to someone with a young kid this weekend and they were telling me this was secondhand from them. They're obviously talking, I don't even know, seven probably, but they're talking about schools and stuff. And they were talking about how one of their friends they were talking to with children the same age was like, I think I want to look more into schools with programs that have social and emotional learning. And I was like, wait, what is that? Like Montessori, I don't even know what that is. And they were like, well, they think that because of AI, Their kids aren't going to have to fucking do anything.
Starting point is 00:54:05 So they'd be better off like understanding their emotions. Whoa. What the fuck? What are you talking about? That's like saying you don't have to learn math because you're always going to have a calculator. You're still going to learn how to add and shit. Yeah. I was like there's even with AI, you still need to.
Starting point is 00:54:24 I feel like I'm a million years old. I just felt so. Yeah, what? I was like, I feel like the kids still need to. learn how to, like, take in and process information. Even if, like, chat GPT is not going to get to a place where it's not going to make mistakes. And it's, if everyone's just going... Yeah, the computer set of us live, so I don't know what to tell you.
Starting point is 00:54:47 Yeah, I don't know. It just kind of made me go, what? She'd start an emotional learning coin. Don't laugh at that. That's not funny. But that's the thing, but after seeing all these... kids do all this shit. I'm like, yeah, what it? They don't need to go to school. Just let them fucking rip meme coins all day. Let them fucking scan people so they get 20 bandos in one day. God, that little shit. And then that creates a new economy. Now we're doing a whole meme off
Starting point is 00:55:17 that little kid's family. Yeah. Okay, that spawns an entire family of coins. That's how these things work now. I just, it makes my head, it makes my head hurt a little bit. Because it also does make me, like going on that website, it's like ADD. It just, there's constantly, constantly new, I think it auto refreshes and is just constantly throwing the new coins out there. It's very, very, it's very tough. It's very upsetting. We would never be, it's much harder than I imagined. You have to be on the cutting edge of memes to be able to get. And then you have to get in on the right one.
Starting point is 00:55:51 Yeah. And if it's any kind of a big meme, you know, just like I like my suitcase. I like my suitcase. I like it. I want to have lunch and go to school. I like it. my suitcase. I like my suitcase. If I were Trump's dad and my, or if I were Trump and my little kid was going, I like
Starting point is 00:56:11 my suitcase, I'd be like, get out of my office. I don't know. There's just something that like, I'd just be irritated. That was one. Shut up. Shut up. No, you don't. You don't like that little suitcase.
Starting point is 00:56:26 Shut up. That was one of the sweeter I've ever, Swedish that I've ever seen. Yeah, he was very. He was like, he was like, because you're going to go. And he said, you're going to learn arithmetic? Yeah, arithmetic. I like my suitcase. And it's also weird that he's going to have lunch and then go to school.
Starting point is 00:56:43 No, I think he's going to... Of course, a rich kid gets to... He doesn't have to wake up at like 5.30 a.m. like we did and go to school. Go to school? From what I've heard, Aaron Trump needs to go to social and emotional education. Yeah. And also, my esteemed colleague here didn't know that the boy was 6'9. I thought he was 6.5. So assume me.
Starting point is 00:57:02 This is pretty close. But Jesus, God, man, what are they feeding that Baron Trump? And my esteemed colleague, first thing he says when we look at that man's height? What? He must have a huge penis. That is what I said. I totally forgot that I did say that. I am on the record having said that, God, Baron Trump must have a huge penis.
Starting point is 00:57:21 And I stand by it. He probably does. Big hog on that kid. There's only one way to find out. I? Baron Trump? Go undercover as a co-ed at NYU and try to sleep with Baron Trump.
Starting point is 00:57:36 Oh, wow. I thought you were just going to go into the locker room or something. You're going to full-on try to fuck the kid? That could be an easier way to do that. You put your leg out, Looney Tune style. Yeah, exactly. And he goes, aye, aye, aye. His eyes pop out of his head.
Starting point is 00:57:50 Yeah, and I open up my shirt to reveal fake tits. And I say, what do you think about this suitcase? I like my. I'm trying to think of it. I don't know how his voice sounds. All right, enough, Baron Trump. Before we get into the next thing, I just really fast wanted to touch on, because you're probably, I just wanted to educate the people out there.
Starting point is 00:58:11 I'm sure if you haven't yet, you will hear about this stock called Micro Strategy. We've talked about it on the show. The ticker symbol is MSTR. Don't click any of those. I'll just explain it. I'm seeing a lot of speculation out there that Michael Saylor, the CEO, is the next SBF, because what he's describing what, as he describes what the company is currently doing, it sounds a heck of a lot like a Ponzi scheme,
Starting point is 00:58:38 which is what people were saying about SBF when he would describe the inner workings of what he was doing. So basically, they're borrowing or they're selling shares in micro strategy to then they sell however many billions of dollars worth, two billion dollars worth of micro-strategy stock, then they go and buy Bitcoin. And now they've got that Bitcoin on their balance sheet. And that further makes people buy into the micro-strategy stock because it's a way to get easy exposure to Bitcoin without having to buy an ETF. You can buy MicroStrategy with leverage. There's currently a lot of short interest in the stock. So it's just, it's, it's very, it's very hot right now. You can even, um, it's so hot in fact that people are willing to buy
Starting point is 00:59:37 the bonds and receive zero percent interest for it. Just like, yeah, you can borrow my money for free. I'll just give you the money because the promise or the promise is that, hey, in time, the stock is going to appreciate so much that you'd be hard-pressed to get a better return elsewhere for the money that you are lending us. You can go get bonds from the bank at, you know, 4% whatever rate. But here at Micro Strategy, we're not going to offer you 4%. We're going to offer you 0%.
Starting point is 01:00:09 But rest assured, the shares that you will receive in turn will appreciate substantially because of the strategy that we are employing of buying Bitcoin. Some would call it. The micro strategy. Very good. Very good. Although at this point is more of a macro strategy because this thing is fucking huge.
Starting point is 01:00:27 And yeah, they now, they own so much fucking Bitcoin. And there are other companies that are starting to take notice and they're starting to do the same thing. And it's just very interesting and we'll see how it plays out. Anyway, one of the next thing. I will tell you, Michael Saylor, get out while you can because I'm buying Bitcoin, baby. This thing, I'm taking it to fucking zero. That's the very interesting thing to me is they now own. so much they own over one percent of all the bitcoin out there and if bitcoin starts to go against
Starting point is 01:00:57 them man oh man it could be a disaster uh the proportions of which we have not seen in in the modern era financially i can't tell you how screwed you are every time i open my phone i look at the app i have less money and i am so happy oh when you when you look at what's it called stack stop stack it's that's not what it's called you're just belittling me what's it called slice? It's called stack it and slice it. Wow. So speaking of Bitcoin and all this shit, because AI, we've got, the Forbes 30 under 30 stays undefeated for, just send it to the FBI. Just send it to the list to the financial crimes unit and just have them, just you're making their lives easier. Yeah. But this is a, this is another.
Starting point is 01:01:50 really beautiful. Speaks to how easy it is to get funding from these global venture capitalists. Hey, I've got an idea for it's going to use AI. Sure, take my money. This is Joanna Smith Griffin. Yeah. She started the company All Here Education. All Here.
Starting point is 01:02:06 And like here, like listening or H-E-R-E? Like H-E-R-E. Yeah. Which the H-E-R-E will make sense in one second because the goal was the goal of using artificial intelligence to increase student and parent engagement and curb absenteeism. So I'm imagining all here is meaning in school. Everybody's in school. We want all these kids here. We're going to use AI. In school. Because if these kids, how does it fucking work? If kids are thinking about ditching the chat bot is like, you might want to reconsider. Yeah. Hey, kids, if you're thinking about
Starting point is 01:02:40 skipping school today, check them with the chatbot. It's literally like stay in school. Hey, Stacy, go to school today. Go to school today. and of course it's just fucking more bullshit she uh she lied for years about her startup all here educations revenues and contracts with school districts right she was saying she had contracts with all these different school districts uh new york denver atlanta wow the big three some were some were real la us d they were which is just so sad to live in a city and hear about all the problems with education all the problems with teachers not getting paid enough. Teachers have to, like,
Starting point is 01:03:19 dip into their own pockets. My sister is one of them. To make sure they have enough supplies for their students. And then it's just people going, well, we should look to the private sector. And you just have people like this just absolutely fleecing them. And of course, you know, in the years that followed, Ms. Smith Griffin, 33, misrepresented all here's revenue and customer base to fraudulently raise almost $10 million in funds, according to the indict. Once the company's valuation had climbed, she sold some of her stake in it and spent hundreds of thousands of dollars on a down payment for a new home.
Starting point is 01:03:56 Good for her. And on her wedding. Oh, my God. Yeah, she deceived them for years. She said that they had made $3.7 million in revenue the year before and had about $2.5 million on hand. and the charging documents actually say that her company had made only 11,000. Wow, that's quite a leap there.
Starting point is 01:04:21 11,000. Also, that's fucking pathetic. Where did you get that 11 grand from? Jesus, God. Honestly. It's such a weirdly small number. It's like, where did you get that? Yeah, who fucking gave you 11,000 pathetic ass dollars? Jesus Christ. And yeah, she lied about that and got $10 million in funding
Starting point is 01:04:41 and yeah, the grift, the... This is what the economy is now. You can fucking play meme coins, or you can come up with a bullshit AI business and sell it to America's crumbling infrastructure. Yeah. It's all there is left. But you better start now.
Starting point is 01:04:59 If you want a house and a wedding, you better make up a ridiculous AI program. Jesus Christ, these people, man. I am... Well, I mean, there is good news. the Delta CEO. Hey, are you really, really wealthy
Starting point is 01:05:17 and you're the CEO of one of America's top airline carriers? Because good news. Turns out Trump and whoever he appointed to be the Sean Duffy, that's right. But this, I mean, you're going to keep seeing
Starting point is 01:05:33 this. A lot of people are, a lot of business leaders are pretty stoked on the anti-regulation attitude that the Trump administration is going to take. And it's, this has been so funny to watch because they, I don't know.
Starting point is 01:05:48 I lived through the last four years and I didn't feel like, we were living through some kind of like outright communist revolution. But to hear some of these guys talk, it's like, it's like Biden went in and just mucked the entire economy up. But Delta Airline CEO is super stoked. and he's thinking it could be a breath of fresh air and they're going to be taking a fresh look at all this.
Starting point is 01:06:17 But basically the new, what is his fucking name? Sean Duffy, the real world guy. The U.S. Department of, the new Department of Transportation Secretary. He's going to replace Pete Buttigieg. And basically everything that, that Buttigieg did that, you know, forced.
Starting point is 01:06:38 The big one is, which is the funniest one, is that they basically said that if you cancel, if the airline cancels your flight, they have to refund you in cash. And it's very funny that they, he said, the CEO said this is a clear example
Starting point is 01:06:53 of government overreach. I mean, I agree with them. That's egregious. Won't somebody think of the poor companies? The idea of them canceling your flight and them going, you mean I have to give them their fucking money back? They didn't pay 300% more
Starting point is 01:07:07 for the refundable flight. That's not my problem. Hey, you want to fly to New York? It'll cost you $400. You want a refundable ticket? It'll cost you $2,000. I wish I could, I'm like, it's coming back to me, but I'm like blanking on the specific thing. There were such a funny, there was such a funny, petty regulation that Trump rolled back around airlines because it was something Obama did. And it was like, it was something about how if you, I don't know, something like they can't charge you extra on day of or something like that. And he was just like, no.
Starting point is 01:07:40 No. Roll it back. Yeah. Which is interesting. Because, I mean, like, these airlines have already done so much to start squeezing and milking more money out of us, passengers. They charge now for, I mean, it's luggage, seat selection is a big one, obviously. They just doing all the tiny little nickel and diming fees. It's...
Starting point is 01:08:05 Dude, they've made looking for flights just... one of the most frustrating processes. Oh, yeah. Because now everything is listed in basic economy. Yeah. They obviously know everyone's looking for the cheapest price. Right. And so they show you the cheapest price and you're going like, okay, that one's that.
Starting point is 01:08:20 And then you open and it's like, but this one, you don't get a fucking seat. You can't bring anything with you. We can bump you if we want. You actually don't even get the fly on the plane if you want a real ticket. It's going to cost $300 more. It's so fucking annoying. Yeah. The only times I think when you really score from an airline is when, when,
Starting point is 01:08:38 someone has to get bumped and they offer you like $2,000 or whatever that seems to be the only time but even yeah I guess but even then I mean good luck if that ever happens when we were on our way to Greece I did actually it was like real
Starting point is 01:08:54 I'd never considered I would have never considered it but it was getting so high I was like Jesus Christ are we about to skip going to Greece this is insane money how much money did it get up to it got up to like I think close to three grand but I was because it was the last one.
Starting point is 01:09:09 It was one ticket left. Oh, yeah. So they started at whatever, and I was like, eh, not worth it. But by that time, we needed two. Yeah. I think it got to $3,500. Because I remember saying, $7,000, let's fucking take it. And it was just one ticket.
Starting point is 01:09:24 Yeah. One of the things that the Delta CEO did say, and I agree with, would be a good thing, is overhauling the air traffic control, like, infrastructure and processes so that everything moves so that they don't find themselves in situations
Starting point is 01:09:45 sometimes because you know flights get canceled for a variety of reasons be it weather or well big thing is he's pissed because they're under
Starting point is 01:09:52 scrutiny for the whole crowd strike thing right Delta had probably the biggest um the biggest problems with the crowd strike thing
Starting point is 01:10:00 it took them like it took them longer to get back up and running than other people Delta's on my shit list because they devalued their currency
Starting point is 01:10:06 their points currency well that's another thing that's another thing. They were looking into that. They wanted to say that, you know, airlines can't just do this unilaterally. People are buying into these programs. Yeah. Thinking, you know, with an offer of, hey, here's what, here's what your money's worth in these programs. Yeah. And then they're like, ah, you know what? We're kind of getting, um, it looks like the customers are kind of getting a benefit from this. And then they just go, hey, turns out, it's less valuable now. And they can do that willy-nilly. Right. I mean, dude, the, the first time I used my, uh, when I saved up to get, 90. It was going to cost me 90. I mean, granted, this is me, obviously taking advantage of a fucking phenomenal system where my very first time doing the Emirates first class flight, for those of you who don't remember, it was like a $16,000 ticket that I was going to be able to get for 90,000 Alaska Airlines points plus $100. And in order to get that 90,000 Alaska points, all I had to do was get one personal Alaska Airlines card and one business Alaska. Air Lasker Airlines card because both had a 50,000 point sign up bonus. I did it. I got my 100,000 plus points. I was ready to book the thing. And then overnight, they had changed the redemption rate from 90,000 points to 180,000 points. And I was like, fuck, I just got all these points. And now I
Starting point is 01:11:28 need double the amount. So I had to spend a year. I got another, you know, I got another personal credit card. I got another 50,000 points. And then I think. I think I actually got a third personal Alaska Airlines card because Bank of America they had no rules they were like
Starting point is 01:11:44 hey we'll give anybody with a pulse one of these fucking credit cards and then I ended up getting the 180,000 but yeah and Delta recently did it you used to be able to fly
Starting point is 01:11:53 in their first class one way L.A. to New York for example for like 45,000 points and now it costs like 120 and it just it's fucking it fucking stinks
Starting point is 01:12:04 and it pisses me up I'm angry now I'm more worried about the stupid stuff of, you know, they were, they've made some headway with, if they keep you on the tarmac for however long, they, they, which I had a wife to give me some headway. Headway, blow job. Yeah.
Starting point is 01:12:22 Yeah. Sorry. Go on. I'm so sorry. Go on. It's all good. But, you know, things where if they keep you on the tarmac for so long, they, they're getting fined. So they're, you know, introducing all the.
Starting point is 01:12:38 these things to make sure they're not treating you like shit, I think it's going to get worse to fly. I think it's just an already nightmarish system is just going to become worse when they're just, when they just start removing all these, all these protections that I'm sure is on the wish list of every airline CEOs. Yeah. I actually recently saw a video of someone flew first class on India Airlines. Did you see this video? No. They're one of the airlines that has some of the most woefully outdated cabins in a cool way even no even first class it's like in a cool way like when you see no not a cool way like when you see one of those pictures where they're like what it was like flying in the 70s no it's just they they just
Starting point is 01:13:27 hadn't and they're like wheeling out a rump roast i i saw i think i saw a ticot too because not all airlines keep up with their um updating upgrading it I've been on some fucking United flights that hadn't been upgraded in fucking 20 years. And it's disgusting. In a time when we're seeing all this shit happen with Boeing and all these planes dropping out of the air, definitely not thrilled for our first real world star secretary of transportation. Oh yeah. He was on an MTV show called The Real World, for those of you who don't know what that is, because maybe some of you don't. You know what I like to do?
Starting point is 01:14:03 I like to, before I get on my flight, I just Google the flight number, the airline. you know the flight number and then you can you can find what kind of airplane you're flying on and even get more specific you can see like the tail number or whatever associated with the plane you can see the date of manufacture and the history of the airplane who who originally bought it and so forth um i think the oldest plane i ever flew on was like 30 years old and at once it freaked me out but then i was also like nah man this is like this thing's tried and true for me the sweet spot is 10 years I want like a 10 year old
Starting point is 01:14:41 don't clip that out of context don't you fucking do it make it a meme coin sell it yeah making a meme coin 10 year old let's do the let's do the comments oh yeah let's do the comments because I've been dying to watch that video you said we're gonna watch movie trailers
Starting point is 01:14:58 oh my god and I'm gonna I'm gonna share some fun news in the in the bonus fun nude news news news Nudes. Yeah. This one comes from voter fraud frog.
Starting point is 01:15:10 Emil kind of looks like the chaperone for a school dance. And Ben looks like the weird kid. They got a sudden urge of confidence, not derogatory. Okay. So that's nice. That's in reference to our new suits. Yeah, yeah. And this one's...
Starting point is 01:15:25 I think they meant to say surge. This one's kind of my favorite from Tyler. Finally, suits that are bad in a different way. Yeah. Well, I think I look great. Keep broaching us. I think I look great, Tyler. So, we're going to talk a little bit about Logan Paul being a major dipshit.
Starting point is 01:15:44 He thinks he's being cool, but he's not. We're going to talk about Ben's big news. Ben's big news. Ben's big news. Ben's big newts. Yeah. Yeah. I...
Starting point is 01:15:54 Uh, I like my bonus episode. Benadamielshar.com. Thank you so much. Bye-bye.

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