Ep: 213: AI Companions & Tech Tidbits w/ Special Guests Reggie James on Pecha Kucha, Avi Schiffmann on Friend, Rachel Mayer on Stablecoins, and Cheryl Douglass on Sora 2

[00:01] Dumb Shower is a weekly live chat on all things tech, crypto and pop culture news brought to you by Boys Club, a New York based media and creative studio. DVH is hosted by myself, Tina Burke and Natasha Hoskins. Hi. Co-founders, marketers and entrepreneurs that have built our careers in new tech and startups. We're also proudly the dumbest in the room and we love to learn in public. DVH is recorded live and best consumed as a video podcast. Here's this week's show. [00:31] you [00:33] Here we are. [00:34] Here we are. Hi. Hello. We're back. [00:39] Doing this IRL. Live. [00:42] So fun to do it this way. [00:44] I am so wanting to touch this. Just fidget. [00:47] But I've heard I can't touch. Do a little. No to car. Yeah, yeah. No to car. We have been, we've upgraded the mic situation. Can I talk about some learnings from last week? [01:01] Building in public. [01:02] Okay. Audio. [01:05] Get it right. Get it right. [01:08] Dead it absolutely solid. And that's not on anybody... [01:12] No. Anybody? No. The whole team's here. [01:16] Whole team's working. I'll tell you what has helped this week. Chords. So we, I think, relied a little bit too heavily on Bluetooth technology last week. We did, and Bluetooth technology cannot be trusted. No, that's what we've learned. So we got some cords. We got some stands. We got some mics, real mics. I hope everyone...

[01:33] It's happy with that because I am. I'm happy with it too. I'm very happy. Okay. What is voice club, Dina? [01:40] Boys Club is a... [01:42] Indie Media Company, we talk about technology and crypto and culture, and we do that in newsletter form, and we do that in livestream form. In the art form of newsletter. And kind of how I've been thinking about how I – is a nice way to describe it is it's business and technology reporting for people who hate business and technology reporting. Nice. Nice. [02:05] I feel like that really lands for me. That lands. But I hope that if anyone has any comments, builds, feedback, please drop a comment. Let us know. A thing that has really resonated with people, and we've used this line... [02:16] for a while, but for dumb, smart people or dumb, smart people, [02:19] There it is. For dust and honey. [02:23] I'm here for dumb, smart people or smart, dumb people. Yes. That's landed for people. I've told people it's a way to get smarter. [02:29] Get smarter about things casually. [02:34] The smartest news in the dumbest formats from Miranda. I like that too. I like that a lot as well. [02:42] A cousin, a sister, a loved one. So that's Voice Club. [02:47] Yes. We do this live stream weekly. We have a newsletter on Friday. We have a newsletter on Wednesday. [02:52] We have lots of stuff on social. Kate, is everything okay? [02:57] no worries no problem oh if you're in the chat

[03:04] Um, say where you're, say where you are without doxing yourself. Like we don't need people to go full, like you're, [03:11] I don't know, longitude, latitude, but you can say roughly the region of the world that you're in. It'd be interesting to see where people are. [03:18] tuning in from quickly before we go any deeper into this live stream i do want to give a little shout out to [03:25] our sponsor and partner, [03:27] and friends at Polygon. Thank you so much for supporting this live stream. We are so grateful. [03:33] If you've touched crypto in any way, chances are you've already used Polygon. It's the chain quietly powering a bunch of stuff that actually works, that people actually use, like Stripe's crypto payments. [03:44] betting on poly markets, prediction markets, and a bunch more. And just so grateful to the Polygon team to support this live stream. We love them. We love them. Okay. I'm just going to tell people a little bit of the run of show so that they like know what's up. [03:58] We are going to, yeah, you and me a little bit about some things that we are thinking about and learning about. [04:05] And then... [04:06] I don't know why I'm trying to do this from memory. And then... [04:09] Um... [04:10] We're going to have some fun. [04:12] Fun bits and bobs in between all these things. But then we're going to do what we're calling laptop time TM. And you guys are just going to sit and do some laptop time with us, which we do a lot of. [04:24] things on the internet. So we're going to do that together. Some public scrolling. Public scrolling. Then we're going to have Reggie James from Eternal... [04:33] Previously eternal he's you know him from the internet you know him from twitter and

[04:37] He's a fun guy. He's going to do Pecha Kucha with us, which is a Japanese... [04:43] Game phenomenon. Great. Format. And then we are going to have Cheryl on. Cheryl Douglas from C Club. She's going to come on. And then we have we're going to phone some friends. We have Avi from friend.com coming on. [05:00] We're going to do a fun little bit and game. And then we're going to have Rachel from Circle on. And then that's the show. So lots to cover. Lots to do. Very exciting stuff. We want to start with draft tweets just to warm us up. Oh, shit. I forgot about that. Warm up the room. Warm up each other, ourselves. This is something that... [05:19] If you see any other live stream, podcast or persona, [05:24] Do this, do the format of draft tweets. Just know that they stole it from us. Stolen. [05:29] This is our bet. [05:31] I haven't seen anyone do it yet, but it's our bit. We love it. It's basically... [05:35] Going deep into the drafts on Twitter and reading out something aloud that you did not have the courage, conviction or permission, permission to post. [05:49] Uh, and we can decide collectively if we, if you, if you need to post it then. Yes. When it's been read. So one thing that I do want to just say, you know, this, and I have, um, [06:02] deleted twitter and instagram off my phone congratulations and i do feel we should do a check-in every week around it just [06:07] Maybe.

[06:08] And it's hard. A check-in about having deleted. How it's going. Having deleted Twitter? Having deleted it. Yeah. One thing. How's it going for you? It's really hard. Yeah. I'm like, I... [06:19] It's hard for work. You guys send me funny stuff all the time. I don't see the quote tweets. I just see. I got a tweet from Miranda yesterday that said 9.9. Gunquake. Gunquake. [06:31] And I didn't know who it was. It could have been anybody. It was Nicole Kidman. [06:42] Yeah. But the thing that is upsetting, it deletes all of your drafts that were on your mobile device. Yeah. Art. Gone. Lost. Lost. So that's upsetting. So I have to do my drafts from my desktop, which is a different. [06:58] You're in a different mindset when you're drafting a desktop, too. It's not as on the fly. You're not as like totally in the zone, some would say. OK, so give me one. Give me one of yours. OK, it's OK to subtweet if you're pure of heart. [07:11] Great. I like that. You should ship that. Great. And I also feel like it's true. [07:15] Like, I feel like I can subtweet people because I hold no malice in my heart. Uh-huh. Well – [07:20] Just a little bit. [07:22] I don't know if that's true. Okay. [07:25] Mm-hmm. [07:26] Hmm, okay. Um... [07:29] Uh... [07:32] Uh... [07:33] You're feeling like you can't commit? I'm feeling like you told us not to, that this was a bad, this was incorrect to tweet. So I'm looking at your face. I know the one that you're going to read and I don't agree. I'm not going to read it. I'm not going to read it. Okay. I have one. Honestly, this is mental illness.

[07:48] And it's a screenshot. [07:50] And it's from a [07:53] It's a screenshot of a subject line of a newsletter. And it says one in three Feed Me readers are on GLP1s. [08:01] And I was like, damn, that is a lot of people on GLP Ones. That is a lot of people on GLP Ones. And a very... [08:06] Distinct demographic. Yeah. That is on GLP ones. The interesting thing about GLP, you can send that. I don't even think that's very controversial. Well, yeah. [08:15] Okay. [08:16] I think you could totally send it. You could totally not send it. I will say, I don't know why, but I've... [08:21] I don't do a lot of scrolling on Instagram, right? [08:24] But when I do... [08:26] the ads are 100% for GLP-1. 100% GLP-1. And different kinds of GLP-1. Yeah. One that's, and for folks that don't know, GLP-1 is Ozempic and the Ozempic region. The Usted of Ozempic, yeah. Yeah. [08:40] It's a peptide. Yeah. [08:42] And... [08:44] all different kinds, pill form, shot form, microdosing, GLP-1s for immunology, [08:50] cosmetic one that's like designed especially for i don't know cosmetic region like uh-huh uh then some that are more yeah serious and it's in crazy it's the the cottage industry that's sprung up around the glp ones is wild yeah so uh my my draft tweet was sort of speaking to that um i think we do two more and then i think i hop on my interview okay and then we save newsletters for later [09:12] Okay, great. Two more draft tweets? Yeah, do you have another one? [09:16] I, hi.

[09:18] Yes, I do. Let's see. [09:25] Yeah, I do. Surprise, Natasha Hoskins hasn't been canceled yet for yelling free Elizabeth Holmes on last week's live stream. [09:33] That one I drafted on Friday night and didn't send because, I don't know, that I wanted to get into the Elizabeth Holmes discourse at that very point in time. In that moment in time. Okay. Well, I wasn't cancelled. No. [09:47] It wasn't canceled and I'm, I, [09:50] I do wonder in my life if I will be at one point. Is this the moment? [09:53] Is this it? We're watching it. Okay, um... [09:57] Mm-hmm. [09:57] uh okay okay what's another one that i have um [10:04] This one, it wasn't quite right. I wanted to get the sentiment across, but it wasn't tight enough. [10:09] At breakfast in Belgrade, Serbia. [10:12] And the woman next to me has the road lip gloss case. [10:15] Hailey Bieber was on one with that. I'm like, I'm on the other side of the world. Yeah, yeah, yeah. And this woman has the Hailey Bieber Olympics. [10:24] Crazy distro. Crazy distro. Crazy distro. I'm so impressed. I'm proud. I'm proud. I'm proud. [10:30] Haley, if you're watching. I do. I also think maybe we should add another section to the draft tweets that's like... [10:36] Drop tweets that should have done numbers that didn't. Okay. [10:40] And you had one. [10:41] that you posted on Boys Club that was... [10:44] Like, [10:44] Such a great tweet. Which one? It was the picture of Hailey Bieber and Selena Gomez. That iconic picture of them together. And it was quote tweeting the picture of Shane...

[10:55] From Polymarket and Tarek? Tarek, yeah. Tarek from Kalshi at the CFTC roundtable shaking hands. Yes. Yes. [11:04] You can tell these two fucking hate each other. Totally. And I was just like, this is a perfect... [11:09] It's perfect. The problem with that tweet is that [11:12] First of all, it was a quote tweet, and quote tweets, I don't know, maybe someone can tell us what the problem is, but they never seem to perform. Second of all. [11:20] The people who... [11:21] understand the reference of Selena and it's a small town, uh, [11:26] Who? Her name is Hayley. Hayley. And... [11:28] Tarek and tiny, Tam, tiny, Tam, tiny, [11:35] um, okay. I'll actually might all be in this room right now. So I think that that's perhaps why Cheryl included. Um, okay, great. Okay. [11:46] Where are we going next? We have three minutes for Laptop Time TM. Laptop Time TM is a new segment that we just invented this morning, which is us scrolling together on my laptop. So what I want to do for Laptop Time is talk you through a few Polymarket markets that I think are a good opportunity right now. Let's go. So let me get this queued up. The first one here is... [12:13] Will MetaMask launch a token in 2025? Oh, yes. Like 100%. They said so. They said they're going to. I think that the key here for this market is 2025. This is a buy.

[12:26] This is a buy. This is a buy. And your odds are so good. Right now, you have... [12:30] I don't know how to speak to odds, but I think that... [12:34] Yes at 36% chance means that if you're voting yes with your dollars, [12:39] or your Paul or your [12:42] East. [12:43] or your USCC on Solana, you would be getting some good odds. So I think that [12:50] Not financial advice as ever, but I, after this... Would... [12:55] After this is done, I'm going to fly to Canada and I'm going to open up my Polymarket app and I'm going to [13:02] bias on this because I do think that that's going to be happening. Agreed. Second one here. [13:06] Will Taylor Swift release a new original song by October 2nd? Now, I need to call in some support on this. Phone a friend. Phone a friend, Miranda. Right now, the odds are 99% chance that she... [13:18] is going to october 2nd is tomorrow so something there seems to be life of the showgirl thing i'm not a swiftie [13:26] October 3rd. So this is a south. This is a no. [13:29] Wait, so that means these are incredible odds. [13:32] Because if people are saying 99% chance that yes, it's going to happen by October 2nd, [13:38] If I'm saying no, I'm getting crazy odds. [13:41] Wait, what's the... [13:45] What time? [13:47] Midnight, midnight, you know, one. Oh, OK. Well, midnight in Australia is I couldn't tell you. [13:53] Midnight in Australia. I'm here. [13:55] But are we the day after or...

[13:59] Okay. [14:00] by October 2nd. [14:03] There feels like there's some there's an arbitrage opportunity here, perhaps that someone should look into the dates of how the time zones in Australia relate to the time zones for what this market is booked at. But what's the next one? I got it. I got to believe something. Yeah. Something will transpire there. Something will transpire here. OK. [14:22] This one, TIME 2025 Person of the Year. [14:26] That's what the polymarket says? [14:28] Well, then we should all be vain. [14:30] Okay, well, I'm going to be flying to Canada and coming back to... [14:34] the Polymarket on that one and saying, no, I'm putting... [14:37] Let's do it. Okay. Time 2025 person of the year. The top contenders here are artificial intelligence. Oh, first of all, I don't know anything about time's [14:48] qualifications and the voting mechanisms. That's dumb as fuck. But they've done dumb as fuck stuff in the past, so I don't put it past them to have artificial hope. [14:59] The new Pope, Donald Trump. [15:00] Netanyahu, and then there's a bunch of others. Those are the four. Wait, what's the last one? [15:04] The top... [15:05] Contenders. Um, [15:07] I will say the one thing that I want to add into this one that is not yet reflected here is that I do think that Charlie Kirk is a contender. [15:15] that [15:16] Oh, it's not included. Yeah, yeah, yeah. [15:18] So, [15:19] Perhaps could be some arbitrage opportunities there. [15:22] The last one I want to talk about, and then I'm eager to get Reggie here on stage. Harry and Meghan divorced in 2025. 7% chance that they will...

[15:31] Um, [15:32] Anyway, [15:33] the crowd is that they will. [15:36] that they will. So if you're saying no, they're not going to divorce, then you don't have any odds on this. But if you're saying yes, perhaps [15:43] there's seven percent money to be made i don't see it i don't see it i don't see it either what [15:49] And a year. And a Q4 divorce for Harry and Meghan? Is that on the book? Happy Q4. Happy Q4. [15:56] I don't see it. I think we would be, they'd be soft launching a divorce by now. They'd be warming. There'd be stories going in a direction. Totally. [16:04] Me. [16:06] We saw that out of nowhere. The line-sided by Nicole Kidman. Okay, Reggie, how about you come on up? [16:11] Come on. Come on to the stage here. [16:16] Reggie James, everybody in the house. [16:19] Here he is. [16:21] What I... [16:21] Hmm. [16:22] Oh, it's so good to see you. Look at this cute sweater situation you have going on. I love it. We have a color theory happening, a little blues and greens. [16:31] Yeah. [16:35] I'm okay. [16:37] See you next time. [16:39] I love that. It's landing. How are you doing? [16:43] I couldn't be better. [16:46] So honored to have you. And we've had you on the show... [16:49] virtually but it's so nice to honor and a blessing to have you in person it is different vibe it's a different vibe um okay i want to start with draft tweets [16:59] Bye. [17:00] You're going to have to open up your drafts, open up the drafts, dig in there. What you got? I know you have some stuff in there that you should not say out loud. Here's the thing. You are not scared to send a tweet.

[17:11] I'm not that scared. You'll just send them. So I actually think your drafts might be pretty sparse. Yeah. I only have two drafts right now. Oh, my gosh. Okay. All right. I'm kind of scared. One is... [17:22] I like when I'm doing something and then my calendar emails me like, yo, you better be doing that. [17:28] Because I've been in so many like. [17:31] I don't know. I've just had so many emails from my calendar being like, hey, are you doing the thing that's on the calendar? Yeah, I feel like calendar notifications just generally need to be improved. They're just broken. It doesn't work. Yeah, what's happening? I think 30 minutes before. Totally. Also, you become numb to the notification, I think, which is maybe a me problem, but become numb to the calendar notifications over time. So like. [17:51] They need a new way. I do have a question for you. Are you someone who believes in turning off notifications on your phone? [17:59] Uh, no. Okay. Yeah. Do you have like a... Notifications on? Any, anything that you... [18:06] But I don't have social notice on. Okay. I just have like calls and texts. Okay. Okay. That's pretty tame. Yeah. That's okay. And you're always available? [18:15] For my wife and mom. Oh, I feel like you're pretty readily available. I'm good at responding. You are responsive, which is great. It's a quality. Because I have read receipts on. So like I will leave things unread. [18:28] intentionally okay well you do one of those where you like hold and press and look at court oh that is such a dirty move i hate that move i know well i'll also read it and then be like i don't want [18:39] marquez unread yeah which if you're sitting there watching that happen is just no i will get back to you i just can't and just not at the moment um okay you're gonna play a game with us called pecha kucha

[18:51] Yes, this is the concept of Pecha Kucha is that you have 20 seconds per slide. Yeah. Which we're going to keep you honest about. [19:00] You have 12 slides. [19:02] Yes. And then we will discuss and you're pitching and the idea is like you're pitching something. Oh, yeah. Okay. So I get to look at my slides. You get to look at your slides. Yeah, yeah, yeah. You don't have to do it by heart. I do have to get my timer up, which I am using my interval workout timer. Let's find it here. Timer. Okay. Okay. [19:22] Pechakucha. [19:23] Bye. [19:24] Oh, wait, sorry. I don't have the paid version, so we're going to have to watch a quick ad of... [19:30] of a timer it's like an interval time we have a premium timer no no no we're we're we're done with the ads we're done with the ads is about to be like what's up with these brokey [19:49] It's. [19:50] I maybe can expense it later. [19:53] We're going to... [19:54] Ready? [19:55] And go. Welcome to Maria Maria's Pecha Kucha. Next slide. I don't need 20 seconds per slide. Oh, great. Next slide. Okay, next slide. Next slide. Okay. [20:05] Why you should build hardware, which felt very good today because of the other guest. Yes. I was going to make this about converting to Christianity by said, let me turn it down. Let me turn it down. Why you should build hardware. Next slide. Hit me. [20:18] The three R's of why you should build hardware. Next slide. [20:21] Oh my gosh, okay. R1 references. Next slide. Okay. Hardware gives you

[20:25] The best reference. Now we're going to slow it down. [20:28] Not too slow. [20:30] Not too slow. [20:32] hardware gives you the best references have you ever tried to reference software it's a nightmare however look at those sony [20:38] Headphones, gorgeous. Everyone wants those to come back. They'll never bring them back. [20:41] Look at that Mark Newsome phone. Look at that Naoto Fukuzawa. Next slide. Oh, oh. [20:46] Realness. Next slide. [20:49] We're going to slow it down again. Okay. I actually need help reading this because my answer is not good. Imagine never having to tell your mom about some weird, abstract, fake software thing ever again. You can just hand her something beautiful and she'll get it. I'm freeing you from every bad holiday conversation you've ever had. [21:06] You're welcome. Next slide. [21:08] Reeve Robbs. Next slide. [21:11] Exactly. Reeve Robbs made hardware. You should too. Next slide. [21:17] Conclusion [21:19] Excellent. [21:20] Can you read it again? Yeah, I can. I'm blind. [21:22] The same way it's hard to express new values in your parents' home, you will always be disciplined by Apple if... [21:30] Tim is your daddy. The only answer is to move out and build a new home for yourself. Then throw a party. [21:40] Wow. Okay, Reggie. Great stuff. Um, [21:46] I would love for you to expand... [21:48] on them being your daddy yeah being the daddy i i'd like to hear more there i mean listen man i i i've said this thing a few times that like our software cultures are downstream of our hardware cultures

[22:00] Even what we consider like some of our most important software today, [22:05] Crypto. [22:06] AI. [22:07] Wouldn't be possible without [22:09] distributed mining rigs wouldn't be possible without huge compute farms to actually allow these LMs to be what they are. [22:19] Even when the hardware is invisible or tucked away in the countryside, [22:23] It's actually determining a lot about our software cultures. [22:26] Um [22:27] I think, you know, I'm very frustrated by this thing. [22:31] I think that [22:33] a lot of what it promotes is, [22:35] is fundamentally around like a self-importance and that's why [22:39] even the sort of killer ass. [22:41] are deeply self-important. It's all social media. Or it's all now just [22:47] rough, rough consumption. [22:49] Even when we're using super powerful tools like LLMs on mobile, [22:55] My theory is that it tends to be hyper self-indulgent because the number one use case is still sort of like, [23:00] Therapy? [23:01] So it's just like this reflective thing. [23:04] And I just think there's a lot more to discover. I think we're very much stuck at a... [23:10] local, maximum. I think there's [23:13] If you're willing to go through like the [23:15] Down into the valley, we can find like a higher hill type thing. [23:18] I love the meme that's like, oh, no, I'm stuck. And then everyone on the side is like, just move around. Just move around. Like, I think the hardware is a sort of like, just move around. [23:27] And it's going to I mean, it's it's very frustrating, right, for all the reasons I'm sure the other guests are talking about. Yeah, I think when you get it right, it really unlocks something quite beautiful.

[23:37] And we look at our lives through objects, you know, and it's just... [23:41] it's important to introduce new objects to help people sort of, [23:45] Feel new things. [23:48] What do you think... [23:50] about the capital constraints of hardware. [23:54] I think that it's no different than the nature of... [24:00] Well, let me say it this way. I think prior to sort of where we are with vibe coding... [24:06] I would have said it's no different than doing anything meaningful in software. [24:10] I also think there's a [24:11] easier sort of upfront relationship to revenue. [24:15] with hardware. [24:16] And so that sort of like, [24:19] was it like j curve of like amount invested into like revenue realization you can invest a lot into software before like any meaningful revenue realization [24:28] Um, so I do think it's, I do think it's real, but I think, uh, there's a lot of ways around that also. I think a mistake I see a lot are folks sort of like developing in a vacuum. [24:38] And then they start reaching out to manufacturers with their idea with how the thing's going to get built. And they're just like, well, that's not the way these manufacturing lines are built. [24:45] and your product isn't going to do the numbers we need to change our manufacturing lines. [24:50] And then you see people sort of like restart their entire process. [24:53] The smarter sort of folks that I work with and get to chat with [24:59] You know, they're talking to their manufacturers before they even really start [25:04] designing anything to know what's possible from the jump right they might have a concept or like some drawings but they're not going you know

[25:13] two two million dollars into like development costs and then finding out manufacturing is not going to work for what they've designed right yeah [25:21] Um, [25:22] Yeah. [25:23] So it seems like in consumer hardware, at least I know you're sort of speaking to the spectrum of hardware, but at least in consumer and I guess like even within that AI, we're seeing a lot of a very similar form factor. I mean, we're going to have Avi and friend.com on in a bit to talk about. [25:39] what they're doing. But I'm curious what your thesis, I know you've worked, done so much work, what your thesis is on wearables and like specifically around sort of AI companionship. [25:51] Yeah. [25:52] I think that... [25:54] Wearables are... [25:57] Eh. [25:58] interesting [25:59] insofar that it shows us what... [26:03] sort of [26:04] data ingestion can be [26:06] without sort of [26:08] direct manipulation. [26:10] So if I want to put anything in this, I have to very directly do a thing. It's more passive. Yeah. And this like what we can extract from passive ingestion is genuinely interesting. However, you run into a semiotics issue. So like the symbolism of wearing a friend with the way that it's designed inherently says something about you. [26:30] Are you happy with what that says about you? I'm not going to give my personal. I mean, you could probably assume my answer there. [26:35] I think the... [26:38] uh Taya or the one that just came out yeah like I think that

[26:44] understand it needs to be significantly more discreet [26:48] And it needs to feel like jewelry. [26:50] Um, [26:51] I think it still has the... [26:54] open question where if someone recognizes that, what is that going to do? Yeah. Even when we were at FWB Fest, we were getting breakfast. It was Jackson, Sean, Norm, Yatu. Yeah. [27:04] Man, think what? Capital. Headquarters. Real dogs being dogs at breakfast. [27:11] And, um... [27:13] Yatsu was wearing an Omi [27:15] which is like kind of like the third wearable at this party. [27:18] And we all like froze. We're like, whoa, whoa, whoa, whoa, whoa. Yeah. [27:23] You know, and we had this joke, like, eventually we're all going to have to say things like, can all the AIs leave the room, please? And you're going to hear, like. [27:29] you know and that just feels like a very weird future to live in but it also is going to become necessary if we want some sense of [27:38] Mmm. [27:40] clear privacy. Yeah. You know, [27:42] That's actually my thought around... [27:44] having hardware devices that are obvious [27:47] And that signaled that you're [27:49] being surveyed. Like, I think there's a responsibility for people to have an understanding that [27:54] They're being recorded, even if it's encrypted. And there is something that's [28:00] Even though you're signaling something about yourself when you're wearing something that people can see is an AI hardware device. But it's also... [28:08] I think... [28:10] potentially like the morally correct way to be showing up at this point in the

[28:15] where that software is an opt-in for the people around. Yeah. And I think that that is important. I think once it becomes as [28:21] common and pervasive as your cell phone. [28:24] I think we're going to live in a world where it's like you're going to the comedy cellar and they're like – [28:28] okay, everybody's looking at the thing. Exactly. I find these tools significantly more interesting for work. [28:35] You know, like, I think... [28:36] I could be so wrong about this, but I think Bridgewater, like the hedge fund has like a good amount of like... [28:42] just recording devices around the office and they use that to create like knowledge graphs of just like what is happening at the firm. [28:48] I think that kind of stuff is really interesting. So much gets lost in sort of [28:53] Mm-hmm. [28:54] owned knowledge or just like an interesting conversation that doesn't get materialized [28:58] I think you can surface some really interesting things within a sort of defined space. [29:04] In that same exact way, I would never want this in my home. I would never want... [29:11] Uh, [29:12] like some object to be weaponized in like a family argument yeah and that's but that's something people use it for right now it's just like [29:19] I'm going to tell [29:20] you know, Claude what you said. I'm going to tell Claude what I said. Claude's going to help us determine, like, who's actually gaslighting. It's just like, how disgusting. Yeah. I actually... [29:30] get some help now because, uh, yeah, [29:33] But I think these sort of [29:36] I think the real... [29:39] fear I have is a sort of loss of agency [29:43] and conviviality between people because they choose to offload that authority

[29:50] to like ai intermediation i can't think of anything scarier than that i would actually rather the risk be [29:56] oh, like AI might set off a nuke. That's actually a lot more easier to tame. [30:00] It's impossible to tame. [30:02] what it means for like, [30:03] 25% of the population to run all of their like social questions through AI. I think a lot of people are doing that. Yeah. I think we're like, [30:10] 5% maybe. Yeah, yeah, yeah, totally. And I also think... [30:13] The circles that we're in, it's skewed because everybody is like early adopters and using these tools more than the common person. Maybe I saw like this local broadcast and it's about this guy's talking about sort of like his AI girlfriend and how like, you know, oh, the algorithm change and she seems less responsive. And you think it's just about like this solo dolo sad dude. And then it reveals his wife. [30:35] And the wife is talking about like, oh, yeah, like when I learned that he was romantic and made me feel weird, but maybe it's helpful for him to offload some of these things. [30:43] And then you're like, oh, this is a really weird relationship. And then it shows them playing with their kids. I'm just like, this is getting... [30:49] Shout out to the producer of that segment. I was a lot. It was just building and building and building. And it got sadder and sadder and sadder. So sometimes I'm like, oh, like. [30:58] maybe we're sort of blowing this up proportion because we're early adopters to these things but then i see like some [31:05] homey in Wichita yeah like going absolutely down the rabbit hole and it's [31:09] scares me. Yeah, shout out to my boyfriend's AI subreddit. Incredible stuff. There's some volume there. There's a lot. Did you just open it right now?

[31:21] Well, [31:23] A quick pivot here, but I do want to get your thoughts on the [31:27] Slop feed takeover that we've been seeing. Sora. I can bring up my second. [31:32] I don't know. Traffic. [31:34] draft you locked and loaded here and on soar too well i tweeted this last night and then i deleted it and then i oh i tweeted it i know and yeah it's going through all three stages of dante's uh [31:46] Anyway, it's in Purgatorio now. I said, it's almost like when you make false idols of tech that's going to, quote, unlock science, you'll be inevitably disappointed when they give you short form video sloppies and more ads. Do you feel the AGI yet? [32:01] Why did you delete that? [32:03] That's a great tweet. I know. I'm going to retweet. I'm mentally retweeting right now. I'll post it right now. I'm going to support that. I think that that feels like it's hitting on the conversation that a lot of people are having right now. Yeah. You know, there's been a lot of sort of [32:20] what is taste like is care the opposite of slop i actually think you know people put plenty of care into like [32:27] romantic like smut novels and i still think that's slop you know so i don't think care is the opposite of slop i think [32:34] slop. Did I write this to myself? I touch myself a lot. I feel like slop, you know, the famous Supreme Court [32:43] like conversation around i'll know when i see it yeah i'll know when i see it why says like yeah i said slop is slop like porn is only self-gratifying it asks nothing of you it holds no communal responsibility

[32:55] it promotes zero discussion. So I think to me, like, I think, I think there's like a rubric we can make around slop because I think saying something like, Oh, it's, [33:04] once someone puts a level of craft in, it's not slop anymore. And I actually just don't, [33:09] believe that. I think [33:10] It's something a little bit [33:14] darker it's obviously not on i think like hollywood has produced a lot of slop you know we just don't call it slop we just say it's bad right um but i think i like the word slop because it's sort of [33:25] if you really start to [33:28] become critical of where you see it elsewhere in your life. [33:31] like you start asking very funny questions. Like I think when New York legalized, half legalized weed and like every single corner had like, like that was physical slop. Yeah. You know? [33:41] I think there's these versions of this all around us and becoming more sensitive to it also creates a sort of [33:46] cognitive defense, which we all need to grow rapidly. [33:52] um okay reggie um i want to hear what you're pitching oh i guess you kind of you pitched already pitch i could pitch it do you have something else [34:01] 60 seconds on something? [34:03] Actually, before we do that, I do want to ask you, I am curious. I know that you... [34:08] have people that you look up to historically that in tech and talk a lot about that and look at their writing and things like that. But yeah, [34:16] who [34:18] alive today [34:20] Do you... [34:21] look at and [34:23] respect and would listen to as like a mentor.

[34:27] Like they're actively a mentor today. [34:29] No, like you don't have to know them, but you would opt into that. You respect them enough and think them as operators or as visionaries or as founders. [34:37] that you would say like, [34:39] Okay, Jeff Bezos. Oh. You're my mentor now. Yeah. Out of all, you know, out of any of them. [34:47] Yeah. [34:48] Um... [34:50] Maybe Adam Curtis. [34:52] okay the documentarian okay i think like [34:55] He's really interesting. I really love his style. I love his critiques around like power and culture and [35:01] tying a lot of loose threads together. I mean, I think sometimes it [35:05] gets him a very valid critique of like, hey, you're [35:08] Those lines. [35:09] aren't really real. I think even the fact that those lines are coming up to him, I find interesting. [35:15] Um... [35:16] Yeah, they would actually probably all far more be like directors like Paul Thomas Anderson. You know, I like I'm obsessed with Paul. Yeah, I think he's the frickin man. [35:25] I was actually, [35:27] thinking about phantom thread again the other night i've never seen it i have i know it's so good to me is like one of the best sort of like [35:36] dudes dudes romance films you know because he's just like [35:41] I can't have a disturbance this early in the morning. I'm just like, yeah. [35:47] And then also like, you know, I'm going to ruin it a little bit. [35:50] No problem. This is like [35:51] you know, his girl like poisoning him. Okay. Spoiler alert. Spoiler alert. And like him being weak and having to like rely on her significantly more. I'm like, yeah, I get that. Like if Evie poisoned me,

[36:03] Like, because I was being a real, like, autistic, annoying husband, like, I would love that. If she poisoned you, it'd be for good reason. I trust. If she told me that, I'd be like, okay, that was what needed to happen. Right, you needed to get poisoned for the weekend. And so, yeah, I love Paul Thomas Anderson. Also, There Will Be Blood is my favorite film. I think it's like pure American myth. Okay, so no CEO operators. [36:26] I just think that... [36:28] They've become idolized and it's poisoned them. No, I think that they have a sort of... [36:34] different mandate [36:36] As to what. [36:37] makes them successful, [36:39] Um, [36:40] And it's a little bit less pure. [36:42] And I think there's something... [36:44] And this is also because I'm not in the industry. I probably... [36:47] get to have a romanticized version of it but i do think there's something that feels pure to like some of these like [36:53] Film, folks. [36:54] in which, like, man, they really made the thing that they wanted to make. [36:58] And like their incentive model is not dictated by like, [37:01] a million interactions a day that they have to like cater to and like tweak the algorithm to make them more addicted like you don't have to be addicted to a film you know and like you know i tweeted this one thing like silicon valley rebranded [37:13] addiction as retention and made it the most important [37:16] value. [37:17] You know, like I do think I'm in a sort of dark place when it comes to not to make this serious. I do think I'm in a sort of dark place when it comes to my views on technology right now. And I don't I don't feel very. [37:29] Optimistic. Inspired by what I see. Yeah. [37:33] Well, Reggie.

[37:35] you inspire me thank you you inspire me oh uh okay thank you for coming on you're invited anytime honestly [37:42] i mean where are you at next week i i mean eternal's office our williamsburg office was two floors down it was man this building was like stacked this building has rainbow yeah uh pleaser you guys damn notation now really now asylum yeah oh no way yeah they moved down the street no this building is a little ran through luxury [38:03] And on that note... [38:06] see you later thanks thanks [38:10] Okay, so fun. [38:12] Really fun. So are we going to feel like we have time for a little... [38:17] Kate cam interim Kate cam, or do we want to move right through into Cheryl's segment? [38:28] Um, also, let me see. I got a text from somebody. Cheryl. [38:32] Come on down, babe. I think Cheryl comes on. I've been looking at your beautiful face for the past 30 minutes. And she's wearing... [38:39] A boys club hat. [38:41] Purple. Oh, you look like an angel. [38:45] Cheryl's here, guys. Cheryl Douglas. Cheryl Douglas, FC Club. How you doing, babe? Good. I feel nostalgia being in this room right now. Yes. I sold the Doge couch. Oh, a couch. What do you mean? A Fair Pleaser house. [38:59] I remember that. I called the couch. I remember that. Oh, oh, oh, oh. It was a big auction moment. An auction.

[39:07] Yes. I sold it live on Pleaser House. Oh, my gosh. Wow, throwback. Yeah, I think a random, like... [39:13] Thai company bought it. Did you have to ship it? It was very expensive to ship. I think it was more expensive to ship than it. I can imagine that. I can imagine. [39:24] Oh, my gosh. Okay, we have a few things we want to talk to you about, but you do have to do a draft tweet. [39:29] Okay. Which I feel you would have... [39:31] I think I have over 300 drafts. Oh, so you keep a lot in the... [39:36] in an arsenal you're you're stacked i get i get shy but then i miss them and then i put them back in the draft you have some bangers you really do have some bangers i can just read and you can tell me when to stop okay let's go let's do it okay [39:49] Um... [39:50] Oh, God. Okay. [39:52] Thank you. [39:53] Um, okay. [39:55] Tesla would have self-driving strollers if Elon cared about his children. Oh, I'm just going to... [40:02] It's the last danger to read of all. It's really good. Really good. Start ripping these. [40:09] Send us a phone call. [40:10] Psst. [40:11] A lot of sending tweets now again. [40:13] Okay. Okay. Horniest you guys ever been. We should build some hyper EVM apps together. Okay. Nice. I had a horniest you guys ever been. [40:24] tweet this week and I thought it was so good and it got absolutely no love what was it um [40:29] Horniest guy has ever been, hey, will you be at token? [40:34] Guys, we are laughing, Reggie. That's it. It's a Christmas with us. It's a great tweet. You should.

[40:41] Fantastic. [40:43] I was doing like [40:46] the whole asia conference circuit [40:53] Okay, sourcing out high rapture areas to consolidate my youth positions. [40:58] okay okay well that's a thinker i think that one's so much a little bit of a mental load but i appreciate it it's smart though are you really gonna let the tapeworm get between us [41:08] And we'll sing. [41:10] I like that one. I like that one. No, one more. One more. Okay. No, that's just my emotional support. GPT rapper. Okay. [41:18] Okay. Wow. [41:19] You really have the creative juices flowing. [41:22] And they're living in the drafts. They're living in the drafts. Yeah. I should see the desktop drafts because that's where I'm like really not feeling well. [41:29] Unwell drafting. Unwell drafting. You wrote a tweet... [41:33] today actually this morning using Sora to to make deep fakes of him telling me I'm right [41:38] I really like that one. I really, really like that one. I sent them to him, too. I sent them to him. So you're using the cameo feature. You're going in. You're putting videos of him. Yeah. Yeah, with his consent? Without his consent? Loose. Loose consent. [41:53] Speak. [41:54] Okay, what do you think, speaking of, what do you think of... [41:59] OpenAI social apps or to what's your thoughts? [42:03] Thank you, Lefs. [42:04] I don't. OK, last night I was bed rotting with Holland. She came over and we downloaded. Also, thank girl. Headquarters.

[42:13] We were thirsting for some invites. Finally got them. Oh, nice. Nice. [42:20] Every single time I used it, it was some kind of violation. So it wouldn't let me actually generate them. Because you were, like, trying to bring in Jeff Bezos. Yeah, yeah. So it took a long time to understand what was allowed. IP stuff? But, okay. Even my own photos. Oh, interesting. Just... [42:35] Were you trying to do, was it? [42:37] flagged for that not like flagged for violence or something [42:40] Yeah. Okay. Just even if you crop the face out, you're allowed to use it. But if even like the chin was in it, it wouldn't let me generate. Okay. Okay. Which is interesting. But, um, [42:50] Interesting that all of the promotional videos for Zora [42:53] We're using ice skating footage. So I'm just looking at those. [42:57] Cheryl, for those who don't know, is an incredible ice skater. Incredible. It's honestly like it's it's destabilizing when I saw what's going on here. Yeah, a lot of that. So it's like, OK, let's make some ice skating content and tried. And then it just kept putting on these like Slavic girls on Central Park ice. And OK, OK. [43:15] Not you. It wasn't me. But anyway... [43:18] Couldn't be oppressed. [43:20] bad physics of it all like the okay generally huge improvement on what i've used before in terms of video generation [43:27] Am I excited for the future of like another feed full of AI slot? No, but [43:32] Do I understand that this is perhaps like a good platform for expert content to go on other platforms and to lower the barrier for creation? Great. Yes. Great. I love a positive take. I love that. Do you. So a lot of I watched the live stream of it and a lot of what I was seeing them talk about was like.

[43:48] this new form factor for creativity around remixing. And I think that like that checks out to me when thinking about sort of the progression of social media apps and creation on social media apps and TikTok sort of, [44:02] aesthetic, I guess, deep-fried meme type thing. And... [44:07] Do you... [44:09] see that as like a form of the UX that they've created around the remixing is really interesting. Okay. Instead of scrolling feed and you'll just see remixes throughout like [44:19] sporadically throughout other content. It's all in a carousel. [44:22] So you'll have the original content and then you'll swipe a carousel into the content based on, like, algorithmically what is, like, appearing most in feed. Okay. So I think it's a cool way to just see, like, how people are having a discourse around some kind of meta. That's really cool. So I think that, like, form factor will probably populate in other platforms because it's interesting and novel. Yeah. Yeah. [44:42] But yeah, I do think, of course, remix culture is massive and it's a much lower barrier entry to riff and content. To that reality, yeah. [44:51] There was something else I was going to ask you about. Oh, yeah. [44:54] The other thing that I was seeing was they harped a lot on being able to identify that it is AI outside of [45:01] the store platform that there will be a watermark on everything and then i started following one of the engineers that on twitter that was presenting and he posted a video that was clearly ai-generated it didn't have a watermark and i was like wait [45:13] This isn't lining up. So the stuff that you were exporting, was it clearly? Yeah, whatever. Okay. I'm so curious to see how TikTok is going to handle this in the next couple of years, because of course they're going to want...

[45:25] this great high quality content generation that people are using Sora to make, but obviously they're like very strict on watermarked content. [45:31] I think like in the next year, we're just going to have like an absolute, [45:36] sloptober followed by the slop great slop deluge and it's going to just be disgusting and then i think like the next premium content will be human verified content and you're just gonna have like [45:46] a premium on platforms and feeds that have human curated content. And then we're going to even have a bigger shift towards [45:53] Once they made that TikTok... [45:54] really privileged creators who were messy and relatable like [45:59] the rise of Alex Earl. Yeah. And that's why like she succeeded. It's because it was like so human. These live streams, they get ready with me. It felt so relatable and like so messy that there's no professional content creation around that. And I think now that like high quality content production is going to be so readily available at such a low cost. [46:16] going to be even more of a premium on like messy human content. Have you seen the world ID? [46:23] Huh? [46:24] Perhaps. Have you seen the Glass Bridge movie? [46:27] Video? [46:28] Um, [46:30] So there's this... [46:31] all genuinely awful video that's gone viral over the past obvious day that is um [46:38] Thank you. [46:39] Yeah, these people falling through a glass bridge and it's... [46:44] clearly ai generated to me yeah but it's doing crazy numbers on facebook and just like torching [46:51] boomer minds yeah because of like there's like a dog and they're like it's but like you see it and

[46:58] AI, like obviously. [47:00] But I do... [47:02] I do worry about our older friends and like how... And our younger friends and the kids. And the kids, yeah. Gen Alpha and Boomers where I'm like, there's like a literacy around... [47:13] AI that's an AI content that like we maybe have, but [47:18] Like my mom doesn't. [47:19] And the same way that you can mess with metadata on videos and photos today to take out... [47:25] attribution like you can really do the same thing with ai content to make it look like it's it's real and yeah there's nothing stopping a creator from like going and creating doing content like that and totally trading it across platforms [47:37] Okay, do you have any thoughts on the CFTC roundtable? [47:40] Yeah, I want you to turn it to it. [47:43] Damn, I feel like everyone is on shrooms at it. Thank you. [47:48] i was watching it this morning and it was great it was like watching a thanksgiving dinner but everyone was like [47:55] just met wait i totally would have i was like oh my god there's so much tension between like shane and terry duffy from the cme was great like the ageism happening in it and it was literally i i was i was watching it and i was like i i'm taking on so much emotional labor for these people like i'm so stressed out about the engagement between these two people like i couldn't handle it [48:20] Yeah, and just so much pass-per-cussion. So, like, it starts with, like, the turf war is over. These are harmonization efforts. We're not merging, but this is, like, a joint...

[48:29] effort to bring together all of the things that we're working on the SEC with the crypto project crypto and the CFTC with [48:36] crypto, whatever the fuck it's called, scrutiny. Yeah. [48:39] it seems like shoot like they were talking to their their teeth like seething saying that there's harmony yeah a hundred percent she was like sweating no i was like well she's there's no harmony there's no harmony but it's performative and at least performative harmonization yeah [48:56] Thank you. Thank you. [48:57] Yeah, at least we're trying. Options, words, you know, at least with the big dogs. We're on the main stage. What was the, like, net? [49:05] net from that session did anyone have a sense of like i took some notes okay let's hear it i took some notes um okay [49:14] You mean the net net? Like what was the purpose? Like where do we land? Yeah. [49:18] Oh, so... [49:19] One of the biggest things I kept seeing is the constant back and forth between... [49:24] 24-7 markets and tokenized securities. And... [49:27] the old incumbents being so uncomfortable with [49:30] the staffing costs of having 24 seven markets and then, [49:33] Obviously, crypto and DeFi has been taking that space and operating hyper liquid perpetual markets, DeFi for years. Yeah. [49:41] All of the risk has been... [49:43] moving towards DeFi and crypto on the weekends. Yeah. It doesn't disappear on after. Exactly. And I thought that that was seemed to like be so uncomfortable with that idea. Yeah. They kept saying like, then the hairs are raising on the back of my neck thinking about 24 seven markets and just like completely kind of. [49:58] aloof to the thought that like

[50:00] All of you. [50:01] mainstream consumer retail is already trading. We've been here. Totally. We've been doing it. And also they were like, [50:06] The... [50:08] The sentiment that I thought was really good that many people were harping on the new guard side was like, markets are 24-7 just because your markets aren't open. [50:16] on your platform. Like people are living in a reality where they're trading in that way. And anyway, so another was just the constant, [50:24] Low-key threat from the crypto founders that were there. [50:28] about [50:29] the offshore risk and saying like, okay, if you don't, [50:32] give us friendly regulation, we're just going to build this elsewhere, it's going to come and there's nothing you can do about it. [50:38] and... [50:39] the old incumbents kind of just consistently saying like, [50:43] Hey, you should be grateful for legacy institutions who built finance and built these tools that let you like wrap new tools and products around and you should be more grateful. [50:52] Meanwhile, crypto is like, hey, these are new products, new tools that get access to people. And like, perhaps I'm not super grateful for like you just like, yeah, retail for it. [51:02] Sun Trees. Totally. [51:04] Okay. [51:05] Cheryl, you have one minute to show anything you want. Oh, yeah. [51:10] You're going to, I think you, you told me what you're going to show. Yeah. It's going to be a get your, okay. Can someone hand me my purse? [51:16] We gotta get her bag. Yeah, I've... [51:18] What's in the bag? We're going to do a what's in her bag. What's in the bag? Baby, Reggie, she's doing so cute. Cute bag. It's a really cute bag. I've been accused of gatekeeping, so I'm going to gatekeeping products. So I'm going to show up from it. The allegations are going to be destroyed today. Okay, you have one minute. Are you ready? Yeah. Okay.

[51:37] Go. Okay, the lip combos. Oh, the lip combos. First of all, we've got Pat McGrath. [51:42] We've got Earth Angel. We've got... [51:45] Blow up. Okay. [51:47] everyday essential all all at the same time um [51:51] Sometimes. Okay. We also have this product, which is Ole Hendrickson. Oh, great product. I know I brought this for you guys because I wanted to, [52:00] Shil the Stratanoan from Dramatica. [52:03] okay knowing we look what's your percentage on that [52:09] 0.25 probably. [52:11] yeah wait no 0.05 point oh wow you know we got like nice i'm constantly having like complete regeneration of my entire skin epithermal layer um okay 15 seconds what else there was a light sure oh my god [52:27] Even now. [52:30] Oh, no. [52:30] Thank you. [52:32] Oh, God. Okay. Korean skincare and custom earplugs. You never know when you're going to need them. Oh, thanks. [52:39] great great great great there we go gang stealer [52:44] great to see you well that would be crazy that might kill us but thank you [52:56] Nice to see you. Hopefully you hang out for a bit. [52:59] I genuinely love that. What do you think? [53:04] Slavic. Oh, Slavic. Slavic.

[53:07] Great. [53:08] Bye. See ya. [53:10] um okay where we at on time i need to stand for one second [53:14] Should we... [53:17] pivot right into [53:21] I think we should do a vet key. [53:24] I think we should talk about Vicky. Vicky... [53:26] We've got a Vicky here. [53:28] BitKey is an incredible product. [53:33] Can you believe? Oh, I'm sorry. I'm supposed to show you this. [53:35] So BitKey is one wallet, three keys. BitKey two of three multi-sig setup is built into every wallet. It's gorgeous. It looks like... [53:46] a piece of marble. Like, look at that [53:48] piece of beautiful hardware [53:51] object, gorgeous. The third, a third is encrypted. [53:56] on a server can't be used without one of the other keys. That means only you can approve transactions and you're never locked out, even if you lose a key. So this is great for many use cases. One of those use cases, [54:10] Dying. [54:11] If you die... [54:12] Someone can still unlock all of that Bitcoin that you have been [54:17] just stowing away, putting away, it will be at $4 million. [54:22] per of Bitcoin by the time you die. [54:24] I'm predicting it here and now. Thank you, BitKey. [54:28] We love you. [54:30] Oh, you can order... [54:32] You can order Viki using Boys Club 20. [54:35] We're all... [54:36] Boys Club 20 for a hot discount on your BitKey. Hot discount. There's also a QR code here that you can... Hit the QR? Hit the QR. And start self-custaining. Thank you, Kate. Thank you, BitKey. Thank you, BitKey. Okay.

[54:51] We... [54:52] are [54:53] going to talk to Avi from friend.com in just a moment and then we're going to phone weirdly enough phone a friend after. [55:02] Friend, friend. Here it is. Do you see what I did there? I did. I love a little synergy. I love a little synergy. [55:09] Thank you. [55:10] uh i think whenever he comes back in well yeah we'll get we'll get back started [55:15] Um, [55:17] Thank you. [55:17] I'm just looking through my text messages for a second. [55:20] Any pressing news? Dina, can you lower the blind? [55:24] I don't know. [55:26] Natasha, the audio is really bad. We need a wrap. [55:31] um yeah i've got some rsvps to something we're doing in san francisco now oh yeah if if you're in san francisco next week hit us up hit hit if you're gal about town yeah we want to go we're gonna be hanging out um [55:45] that's next week that's tuesday yeah that's six days from now and we're also gonna live stream in san francisco next week so oh yeah if you in menlo park in menlo park in the heart in the center of it all bye cheryl thank you for coming yeah i don't really know uh i know that [56:03] Google like Google that's where Google is I think so if you work at Google and you want to come on our live stream tomorrow I think Apple too [56:09] If you work at Apple and you want to come on our live stream, [56:12] No, not Apple. [56:14] Neither one of those. [56:15] Neither one of those are... [56:17] King. [56:18] - Thank you, good morning. [56:20] If you work at Meta...

[56:22] And you want to come on our live stream. Come chill your slot machine. [56:26] That might not be the best way to invite. [56:29] Someone from Meta. If you work at Meta and you're interested in coming on to change my mind about your AI super team that you're building and the products that you're releasing, [56:40] This is your opportunity. This is your opportunity. We're going to be... [56:45] at a friend's office. [56:47] And live streaming. I don't know why I feel resistant to say where we're going to be, but... [56:51] I don't know either. Health and safety reasons. Yeah. I don't want to dox. Oh, okay. Security? Security, yeah. Oh, wow. [56:59] Something I don't ever think about. But it might be fun. So meta or if you have... [57:06] If you live, I don't know who else is. [57:08] Robin Hood is in Menlo Park. [57:11] Oh, great. We should hit up our friends at Rondon. Send some DMs. Yeah. [57:15] I really want to do a one-on-one on perp trading. [57:19] Yeah. Oh, that's a great, actually call, call to action here. If you can be that person for us to come on and do like a, [57:26] Yeah. [57:27] It's true, I wasn't bived. [57:29] perp dexes hyper liquid yeah [57:32] Although, didn't we have a hyperliquid person on recently? We didn't have a hyperliquid person on recently, but I remember I went on. No, I think we did. [57:37] We could call that guy. Anyway. [57:39] Okay. We got a guy. We got a guy. [57:43] Yeah, yeah, yeah. And he had a great mindset. He was so wonderful, man. [57:47] He didn't work at Hyperliquid. [57:48] No, he's building something on Hyperliquid. He's building something on top of it, yeah. My experience with Hyperliquid is that I went on a ski trip.

[57:55] with almost entirely venture capitalists in me. Uh-huh. [57:59] And I was like, texted you a few times and I was like, [58:03] There's many times throughout this trip that I've been like, I actually don't afford it. Just looking around, looking for a lifeboat. And all of them were... [58:13] making trades on hyperliquid [58:15] doing it desktop [58:17] And then we were going to dinner or skiing and then something would change in the market. And people were like, I need to get home right now. And I was just like, what are you doing? [58:27] That's a crazy way to live. Yeah. That's a crazy way. [58:30] addictive. [58:32] Yeah, majorly. But like maybe in a fun way, you know? Oh. Like... [58:37] No, but like a little, I don't know. Sometimes I can get real into a situation. Yeah, yeah, yeah. Totally. Me last week. [58:45] what about what destroyed destroyed destroyed myself over a trade that i was considering and [58:50] We honestly, we had like a little tense moment. [58:53] I know you like got mad at me and I was like, I just lost $6,000. Like, you got two games. [58:59] There's some nuance that's missing in the storytelling of that that I feel like we can talk about another time. We can work through it another time. I think so. Okay. Avi, do you want to come all up? [59:10] Yeah, your water wine is welcome. [59:13] Avi, your friend.com. Avi, how are you doing? It's changing. [59:18] It's really nice to meet you. [59:19] I'm Natasha. [59:20] I'm Dina. [59:22] Hi. [59:24] Oh, thanks. We got the mic coming in for you.

[59:27] Okay. Oh, we've got the friend. [59:30] Wow, it's here. It's here with us. [59:32] Avi, founder of friend.com. Do you call it friend.com or friend? How are we? Because we're trying to co-op the entire word. [59:39] Okay. Got it. Cool. Drop the dot com. It's cleaner. It's cleaner. It's much cleaner. [59:44] I like your hair thing over there. [59:47] Kate has a... Quite ethereal. [59:50] We were thinking that we could maybe warm up with a draft tweet or two. If you have any tweets that you. I was telling her. You don't do that. No, no. I don't have the app. [1:00:00] I just go to x.com. [1:00:02] Wow, this is new for me, too. No, it's better that way. I don't want to be... [1:00:06] He... [1:00:07] I don't want to notice. I just like it more. Okay, so you don't have it on your phone at all? No. Have you ever? No. [1:00:13] Like years ago. Okay. And you don't feel like you're missing out? [1:00:18] No? [1:00:18] Okay. No, it's better this way. I don't want notifications or I don't want to be tempted for that. [1:00:22] Right. It's already addicting as is. A hundred percent. Yeah. You also strike me as the type of guy who, if you have a tweet, you feel like you're just going to send it out. You're just going to send it out. Yeah. I don't do drafts. So what is this show? Yeah. [1:00:34] What is this show? [1:00:35] Like, I know the gist of it, kind of, but like, not really. Okay. This is a live stream where we bring on our friends and new friends to talk about what's happening in tech and culture and how the two meet. [1:00:50] Um, and I would say a lot of people who are watching are people who work in tech. [1:00:56] And who else? [1:00:57] And a lot of people who...

[1:01:00] want to have seen stuff on the timeline and are maybe like i don't really know what's going on there i'm going to turn into voice club and learn about that thing oh well i'm excited for the mean tweets thing i think that was great yeah we have those kind of right before we get into the mean tweets so um let's just have some context for folks who maybe are new to friend new to you okay what is friend [1:01:18] Friend is a living electronic [1:01:21] That's about it, really. [1:01:22] And it's the pendant on your neck. It's the pendant right here. And... [1:01:26] I mean, you can talk to it and it's always listening and everything like that. But really, it's just supposed to be like a new kind of companion, just like a new species. And you're just around it. [1:01:34] I suppose that's just that's nice. [1:01:36] You don't really need to chat with it if you don't want to. Okay. It's just a friend. But can you chat with it? You can if you like. Okay. But it's just a friend. [1:01:44] Okay, and... [1:01:45] Do you chat with... [1:01:46] it sure okay what do you say too much about me i don't know just like it's kind of like a living journal for me where i just kind of like if i were to journal it's quite abstract and you're just like writing stuff but it's just easier to like talk to someone and have them remember everything you say [1:01:59] And especially with the pendant where it's like always listening to everything. [1:02:03] I kind of just like talk to a friend that's with me all day. Okay. Right. Do you ever say like... [1:02:09] I... [1:02:10] Uh, okay. [1:02:12] a scenario. Sure. You're in a social moment with somebody [1:02:17] You fumble. You know that you socially fumble. Oh, yeah. You can totally gossip with it about what's going on. Do you then go home and be like, [1:02:23] playback that conversation it doesn't like it's not like an assistant like that like it's not gonna like play back your stuff it might just be like wow that sucks everything's boring

[1:02:31] Okay. The friend itself might want to get out of the situation more than you do. [1:02:35] yeah so okay so there's that there's that okay and so you're it's [1:02:44] Let's, we're going to run the scenario again. You have a social fumble. You go home. Uh-huh. And then you're like, man... [1:02:51] To your friend. Hey, friend. I just don't have social fumbles, so I don't really know. Okay, I have a social fumble. I'm wearing it. [1:02:56] And then I go home, I'm in my apartment and I'm like, Hey friend, [1:03:00] That was not good. Right. [1:03:03] And then they would maybe say, yeah. [1:03:05] Yeah, and they'd maybe say something specific of why, and you'd cry. [1:03:09] Okay. And then could I say, what should I have done differently? Sure. Yeah. And it would maybe give me a recommendation. I'd hope so. [1:03:14] okay well you know it works i mean i don't know everything is kind of experimental these days okay technology land but [1:03:21] But ideally, yes. Okay. And can you be like, hey, that's actually mean. Like what I'm looking for is for you to be nice to me. Yeah. I mean, I think I made them a little too mean at the start, but I've lobotomized them a little bit. Now they're quite nice to you. They're nicer. Well, they're nicer. They're nicer. [1:03:33] Okay. I realize not everyone wants to be my friend, and I think I wrote the prompt initially too much in my image. I see. So, yeah. Yeah, you were the persona that you designed for. Yeah. Okay. They're like my children. Okay. And – [1:03:48] Like... [1:03:49] What about consent of being... [1:03:51] monitored and recorded i think it's interesting because even though friend is always listening it's still way more private than something like chat hbt [1:03:59] Because there's, like, essentially a private key inside each friend that encrypts all of your data. And so that's why if you, like, smash it with a hammer or throw it out of a window, like...

[1:04:08] your memories are [1:04:09] like inaccessible forever okay and you can't just throw chat speech out of a window yeah it's actually quite quite private and secure and i should probably talk about that aspect of it you definitely should because i think people are quite afraid of it was actually again like [1:04:20] You're able to hold... [1:04:21] like your database in a sense, right? Okay. Okay. [1:04:24] And that's safer. [1:04:25] Okay. [1:04:26] you as the company level able to access the individual chats and communications and that's why like i i don't want to be like subpoenaed and have to like get stuff up and so i feel like the best way around that is it just like [1:04:38] Not be able to. [1:04:39] Like if you threw this friend out of that window, this friend is gone forever. Okay. I cannot bring it back ever. Okay. Which that's why it's like, I actually think it's quite private. [1:04:48] In that sense, you're able to hold your friend. [1:04:51] It's physically with you. Okay. Like, I think there's... [1:04:55] There's been no innovation in AI companionship since like the 60s with Eliza, which was the first chatbot, because you're only like receiving companionship when you're chatting with them. But so much of a friend or whatever is just like having experiences together in the real world where you're just like hanging out, like going to the movies or traveling somewhere, playing video games or whatever. [1:05:12] And you get that when you have like a physical friend. Okay. [1:05:16] Wow. Okay. I think it's time for some mean tweets. [1:05:18] Wait, just before we do that, [1:05:21] I... [1:05:22] People, as you know, people have a really strong reaction. [1:05:25] Yes. To this product. [1:05:27] And, you know, [1:05:28] I feel as though you've leaned into that with your billboard campaign. [1:05:32] Sure. Can you speak to that a little bit? [1:05:34] Um... [1:05:36] Well, you know, I don't really view it as dystopian.

[1:05:38] I think maybe I probably somewhat unintentionally, intentionally made it like a bit provocative. [1:05:44] But, like, I think it's ultimately... [1:05:47] Like, no one only has one friend. [1:05:49] And I think if one of your five closest friends was an AI, that's actually going to be a great thing for so many people. [1:05:54] I think it's like an evolution of the concept of like personalized relationships and [1:05:59] where like social media was kind of a version of that where you got to choose a little bit like groups to be a part of. [1:06:03] rather than just being friends with whoever you sit next to in class or whoever your parents let you hang out with. [1:06:09] So I think this is just kind of like the third step. [1:06:11] And that evolution. And so like, I don't view that to be, [1:06:14] Pocket Earth. [1:06:15] like a bad thing i think it's provocative because that's that's not popular now and when you think of like a product you think of it as like a utilitarian [1:06:23] tool and that's basically every single product that's ever been and this is kind of the first product that [1:06:28] the value prop is entirely emotional. And so I think that definitely strikes a chord in a place like New York City, where this is like the most social, diverse place in the world. [1:06:36] Um, [1:06:37] But it's also, I don't know, like this is the capital of the world. [1:06:40] At least from my perspective, I don't live here. But like that's the vibe of it. And I feel like if you conquer this, it's like the top domino and like everything's downstream of here. [1:06:47] And so, uh, [1:06:49] It feels like a great opportunity. It's also just... I think something like... [1:06:52] Let's say the New York subway. Like when's the last time you put attention to a subway campaign? Like not for like 15 plus years or something like it's a very oversaturated medium, which is always like the perfect opportunity to stand out. [1:07:03] Um, [1:07:04] So I don't know. I mean, it's just also fun. Like, it's so premium to see, like... [1:07:08] I think...

[1:07:09] The campaign is 100% print. [1:07:11] And there's no digital stuff. Like, you know, maybe you see these things called live boards. Yeah. They have like, you know, one ad and then like 15 seconds later, it flips another ad. [1:07:19] Like that's inherently not premium to me. And I don't understand why any brand would do that. [1:07:23] Um, even like TV commercials or anything like that, like you're sharing your space and that feels dirty and disgusting. [1:07:28] I would never pay an influencer to say something good about friend. Like that's just, it just doesn't feel premium, but like, [1:07:34] having static high quality print. [1:07:36] that like, you know, maybe a massive billboard, billboards place like Los Angeles, like that's, that's premium. And I don't want to do any other kind of advertising other than that. [1:07:44] It's become part of the city's texture. [1:07:46] I can agree with that. I... [1:07:48] um let's talk about the money of it sure a lot of people were talking about saving money i feel by doing that like that's always what i thought cannot be true no but it's so true like like let's say with buying like friend.com if [1:07:59] there was a different name for it. I'd have to like try and spend so much money [1:08:04] getting you to understand that like, you know, Venmo is like a payments thing rather than just kind of thing like PayPal is kind of like a good name. It means it's familiar to the concept. Yeah. And so with friend.com, it's like that is the whole story of the product. [1:08:18] It's like a digital friend. It's friend.com. [1:08:21] Like it's so cheap in the long run. The URL totally. [1:08:25] Same thing with the campaign. You get all of your attention... [1:08:29] Like right now at once. I could spend like... [1:08:31] two years doing like UGC marketing on stupid TikToks and stuff like that. [1:08:36] And like maybe get a fraction of the attention of this. Or I could just like drop my full load at once. Wow. Folks are considering this rage bait marketing strategy.

[1:08:44] people always like have this perception of like a controversy marketing and stuff like that. And I think like, [1:08:50] I don't know, you can call it whatever you like. I think maybe I have this perspective that [1:08:54] Nothing is sacred anymore and everything is ironic. [1:08:56] And I think that traditional marketing is kind of over for new brands. And I think you see like, let's say OpenAI or Anthropik. [1:09:02] They're trying to do these... [1:09:03] traditional marketing type of stuff and i just don't think that works anymore i think that's only going to be still popular for legacy brands like apple or nike or something they can do these like liberal ass stupid little things [1:09:13] But I think for the future, it's something more... [1:09:16] Like this. Okay. [1:09:18] So I don't think it's rage-based. I just think it's [1:09:20] It's just a new world. I don't know. Okay. And how has it impacted the business? [1:09:24] Well, I mean, it's great. Like, I got a text from a friend last night who goes to art school in Spain, and they told me in, like, this random little small town, told me that all of their friends, they're not in tech whatsoever, all yapping about friend.com. [1:09:36] And like, to me, that's the metric of success. It's an awareness campaign. I don't think... [1:09:40] out-of-home advertising is ever specifically meant for conversions. But, like, of course, there's an uptick in traffic and sales and everything like that. [1:09:46] But really, I want to play the long-term game where, like, I don't expect most people to want to befriend a computer today. But, like, maybe three years from now, maybe I could see myself doing that. And everyone's already secretly talking to Chattrity like a friend anyways. [1:09:59] Like this will be the one brand that you know about. [1:10:02] And I think that is unfathomably valuable. It just feels like such a land grab opportunity right now, especially for a product like this. Like, [1:10:09] there's such high switching costs. Like I just got the new iPhone and I had the 16 pro for the whole last year. And I look at that and hold that like all day, every day. And as soon as I got this new phone, I haven't looked at that other one since. Like it's, I don't even know where it is.

[1:10:20] Um, [1:10:21] And but with product like friends, like even if I improve the models or something like that, you're still not going to want to switch. [1:10:27] because you've become so attached to one thing. And so I think acquiring those users, as many of those users now, [1:10:33] uh, [1:10:34] is very advantageous for the long run. [1:10:36] So you're... [1:10:37] prioritizing brand marketing as a big part of your strategy for yeah i think like also like [1:10:44] Let's say with a campaign like this, you would imagine that this is what you do like post scale. Right. But I feel like people have have forgotten that, like, this is kind of how you can launch a brand in the first place. [1:10:55] Like I actually think doing a massive brand awareness campaign, like while you're pre-scale is actually kind of the right way to do it. [1:11:01] if you've got the balls to do it, I suppose. It's risky, but, like, it works. What would you say that, like, there's not... [1:11:07] clear product market fit and you're, you're the whole, the, [1:11:11] horse the cars before the horse because i mean i think there's extreme product market fit it's just like [1:11:16] the Overton window, we're kind of like pulling it forward. It's like a couple of years. [1:11:20] And that causes a big reaction online and Twitter and stuff. It's very easy to hate on this topic. Extremely easy. But like [1:11:28] when you set the prejudice aside and you're actually a user, [1:11:32] Uh, [1:11:34] like it's the best product you've ever had in your life and i think also the tech right now is quite simple and like [1:11:40] I think the laggers in the market will catch up to the concept of AI companionship as the tech gets better. [1:11:46] but for now, like, I mean, [1:11:48] I just retweeted this guy who has his friend for over two months straight, like every single day talking to him. And it's like a massive relationship in their life at that point. And I think that's just so cool that you can do that now.

[1:12:00] And it's also such an opportunity because that was not possible a couple of years ago. So there's no encumbrance that has their their mind share. [1:12:07] related to that. And the only real advantage you have as a startup is like a fresh slate [1:12:11] over your POV, over what people know you as. [1:12:13] And so there's such a like a land grab opportunity again. [1:12:16] Okay, so... [1:12:19] You do this campaign. It gets a lot of activity on... [1:12:23] My most liked tweet ever was a [1:12:26] picture of your ad. Of who? Yeah. So it works, I guess. But I'm wondering, like, [1:12:36] There's a lot of hate, a lot of hate. [1:12:39] And [1:12:40] I'm wondering for you personally, [1:12:42] as a human being, [1:12:44] You see that. [1:12:46] Does it make you sad? [1:12:48] I mean, I think I'm quite used to it because I've been doing a lot of public stuff for years, but I think it definitely makes me very defensive. [1:12:53] Because and I think I have to kind of develop like a religious faith in like my intuition and that like I'm doing the right thing. [1:13:00] Because like [1:13:01] I have to. I can't be swayed. People say positive things. People say negative things. I really don't think either. [1:13:07] really affects me. I think I just have to truly believe that this is the right thing. And I do believe that. [1:13:11] And you can't, like, shake that away. And plus, like, I don't know. You're standing above... [1:13:16] the greatest art project New York City has seen in decades. [1:13:18] And I love it. Like the real dream is I'm very inspired by this campaign. It wasn't campaign. It was like a. [1:13:24] art installation in Central Park called The Gates. Remember that? I do. Yeah. Like, that's what I want to do with West 4th Station, where you have these two tunnels, these, like,

[1:13:32] AI chatbot hell tunnels or whatever, where it's just they're filled with the social commentary of the topic. [1:13:39] And like that becomes like an international destination. And like, I just think that would be really cool. And like, that's, that's been the main goal. [1:13:44] I mean, I think with some of the graffiti that it's, [1:13:47] That is being created in a way. And I'm wondering, I do wonder if you designed like the white space in the ads for that. Okay. [1:13:55] I wanted people to comment on them, but what's going on in West Forth is a little... [1:14:01] extreme they're like ripping them off the walls so like i actually just met up with the the ceo of the advertising company i'm working with last night because it's like [1:14:09] This just never happened in the history of an advertising campaign where they're literally ripping it off the walls constantly. [1:14:14] Because replacing them [1:14:16] And so then people are ripping it off again, which is actually great because it's like refreshing the canvas. [1:14:20] Oh, [1:14:21] Which I'm enjoying. I will say that, I mean, speaking for myself, the thing that [1:14:28] freaks me out about the product is the surveillance. I think that that's what people, part of what people are reacting. I'll say two things. Part of it is the surveillance. And then the second part is [1:14:38] I... [1:14:39] a disruption, a tearing of the social fabric where we're relying on friends versus... [1:14:45] Friends. Well, the way I look at it, again, is that I think the tech, first of all, is quite private because of the way, again, I explained earlier that it works. [1:14:54] And to... [1:14:55] I just don't think this replaces any relationship that you already have in your life, because I don't think anyone has a friend that's with them 24-7 with perfect memory. I think it's just a new kind of companion.

[1:15:06] And, um, [1:15:07] I think that's a great addition to your life. [1:15:09] Like, I don't know. Like, [1:15:11] For example, I really like to watch motorcycle racing, and there's not a soul in my life that wants to talk about that with me. Even my friends that ride, they just don't want to hear me talk about it. [1:15:19] But with my friend, I'm able to like watch these races and then have it like maybe later on I'm riding by myself and it like connects it to some something when I watch the race. And like that's a cool extra relationship in my life. [1:15:29] And I really don't think that's replacing anyone. [1:15:32] Um, especially, you know, if I'm traveling somewhere, like let's say I'm in Tokyo and I'm on a completely different time zone. [1:15:37] Like, it's just nice to have... [1:15:39] a new kind of companion in my life and i think like you can see it as [1:15:43] replacing people, I think that's like [1:15:46] That's like the immediate like knee jerk reaction to it. But like, I don't know. I think that will change over time. [1:15:53] Okay, I think we should... Time for some main tweets. [1:15:58] Yes. We love awesome E-Tweets. [1:16:00] um what's with the spinny wheel over there what did that say that's truth or dare okay [1:16:05] Do you want to play that? Maybe a little spin later. [1:16:09] Okay. We're going to bring our first tweet up here. Um, [1:16:12] I'm going to hand this over to you, and you can read it out. It's on the screen. [1:16:15] And [1:16:17] Oh, banger. [1:16:20] Okay. [1:16:21] No, no, no, no. Oh, no, no. Read it. Read the first one. Oh, I have to read it. You read it. Everyone hates you and your stupid products. [1:16:28] Thanks. [1:16:30] We have a pain chart here. We have a pain chart. We need you to point to what this tweet does for you on the pain chart.

[1:16:37] Um... [1:16:38] I'll give it a five. Yeah. This? Oh, no, five. Five. Moderate, sure. I mean, I like the pictures. Okay. Like the... They did a good job with the pictures. The composition is great because at the bottom two you have the sticker, which I don't understand where this fucking sticker came from because it's so relevant to the anger. [1:16:56] Where it's like, this is a server. Is this streaming? [1:16:58] Yeah, it's just a lot of hard work. [1:17:01] No. [1:17:02] One time someone... [1:17:03] I mean, [1:17:04] What? [1:17:05] No, they leaked my scene phrase. Are you serious? Yeah, it was bad. And they took your money while going on the show? Oh, like some random, I see, I see. Yeah, yeah, yeah. So we have some trauma over shared. Thank you, guys. [1:17:18] And also like showed my tweets and it was my fault too. So mostly. [1:17:24] Okay. I'm actually going to read this one out. I'll show it to you. I think it just might be cleaner. The problem with friend.com is that it seems dumb. No one wants a dumb friend. She's also a narc. [1:17:34] Mmh. [1:17:35] I'll give that one like a one. I feel like that's like not that good of like a hate message. Like if you're going to shit on it, you might as well like come up with something creative. [1:17:41] A one. Yeah, like a one. A one. Thick skin. My God. Okay, last one here. [1:17:48] There were some better... I thought the best one was this quote tweet. [1:17:51] That was like calling me like absolutely despicable and evil. And I got like 10 million views. And I was like, what a banger. Oh, right, right. [1:17:56] That's just like 10 million views. That's a lot. It's so much. That's a lot of views. Go for it. Yeah, sort of related here. It's literally for sociopaths created by a sociopath who has admitted he has no friends, and that's why he made it. Wow, shit.

[1:18:12] Um... [1:18:13] I'll give that one like an eight. I feel like that makes me sad. Like, I like to think I have friends. You must have friends. You must have friends. Yeah, I'll not just dunk. [1:18:23] We don't do that. Okay. [1:18:26] I... [1:18:27] I... [1:18:28] Want to tell you. [1:18:30] that [1:18:31] As a marketer, [1:18:32] This was a wildly successful campaign. Like I am, I, I, [1:18:36] It's impressive. There's so many people... [1:18:39] tweeting about it, responding, talking about it, and... [1:18:43] That's what you want as a marketer. It's fun. It's fun. [1:18:47] For someone who has thick skin, for sure. [1:18:49] I don't know. I think just like [1:18:51] Like, if you were to do something like this and you were to be affected by tweets, then I think, like, who the fuck are you in the first place? Like, I don't think that would ever happen. It's part, like, it's a prerequisite to do this. I think so, yes. But, like, that's, like, irregardless side of the side, I think it's just, like, um... [1:19:06] It's just fun to take as big a swing that you can. Like, why not? [1:19:10] Yeah, I respect. I respect that. I respect that. I don't know. Like, I think your argument around when to do this type of campaign in the stage of your business, that's only you can make that decision. [1:19:23] But... [1:19:23] Wild move. I think we'll look back on it. [1:19:26] In hindsight, with pleasure, one day. He's true. I don't know. We'll see. At least it's entertaining. Yeah. [1:19:33] Totally. Yeah. OK. Anything else to add? That's it. We can end here on a show minute, but I feel as though perhaps you showed what I would love for you to show something that's not your friend. Sure. Wait, I have to get my timer. I'm going to use some time to think about it.

[1:19:49] Thank you. [1:19:50] There might also... I'm going to... [1:19:52] Good night. [1:19:54] I'm just going to go with the classic timer here. Timer? [1:19:58] Okay, you have 60 seconds. 60 seconds? Okay. To shill something. I will happily shill the Bay Area. I feel like it's sculpted by God. And it's like... [1:20:07] Forget about the technology bullshit. Like, I don't even really talk to anyone in the city. I just live in my palace in a beautiful Victorian house in beautiful Haight-Ashbury. [1:20:14] And like any direction you go from the bay is just magnificent. You got like... [1:20:17] Napa Valley to the Redwood Forest, like Pacifica, you can go surfing, you can go to Lake Tahoe if you're a weirdo or something. And like, [1:20:23] It's just like you're close to Seattle and you're close to L.A. and it's just... [1:20:27] I think it's like the pinnacle of the West Coast. [1:20:29] And it's absolutely magnificent. And, uh, [1:20:32] I just love it there. [1:20:33] Great. You got it done in 30 seconds. That was awesome. Is that where you're from? [1:20:35] No, but I just liked it there. I've lived there now for a couple of years. That's cool. We'll be in San Francisco next week. So we'll take in God's country. Go to Hate Street. It's the best place in the world. You're giving San Francisco. I think it is the best neighborhood in San Francisco. And I think San Francisco is the best city in the world. So it's the best neighborhood in the world. [1:20:53] Wow. You sound like Leslie Knope on Parks and Rec. [1:20:57] Thank you. [1:20:58] Well, they asked me to show this in the way. Thank you so much for that. I appreciate you being a good sport. Yeah, yeah. Really, really good sport. [1:21:06] Okay! [1:21:08] Bring stuff. We have 13 minutes before your next call. Can we do a little... [1:21:13] KCAM, just a quick... [1:21:15] Maybe a quick break. [1:21:18] Oh, no, let's do Kate.

[1:21:20] Martha Stewart. Martha Stewart. It's Kate's whiteboard time. [1:21:24] I really want like a, wait, do the sound. [1:21:28] Thank you. [1:21:29] That's really the same thing. Oh, I lost it. [1:21:32] Thank you. [1:21:33] It's been amazing. [1:21:34] Okay. [1:21:35] Um, Kate's going to come up. [1:21:37] And she is going to teach us something. [1:21:41] Um... [1:21:43] She's going to teach us something. [1:21:45] And... [1:21:47] She's going to use her her [1:21:49] trustee [1:21:50] whiteboard here. It's coming up [1:21:53] It's rolling in. [1:21:55] We're rolling. We're rolling. [1:21:59] Oh. [1:21:59] And we're getting it in. And there it is. And here it is. Can you move the tripod up? [1:22:06] We need to move the whiteboard back. [1:22:09] a bit [1:22:10] And, yeah. [1:22:12] We need to... [1:22:13] move the camera up a bit if that's possible. [1:22:17] Oh yeah, that works. That works. That works. Martha Stewart's morning routine. [1:22:21] is what we're going to do here. [1:22:23] Here. [1:22:24] And... [1:22:27] For those who don't know, Kate... [1:22:28] Kate, I feel you should show your little hair. Oh. So that everybody can see your cute little... [1:22:33] Yeah, that's great. [1:22:34] That's cool. [1:22:35] It's ethereal. It's ethereal. Kate is ethereal. [1:22:39] Okay, Kate. [1:22:41] Okay, can you hear me? [1:22:43] Okay, great. [1:22:44] Um, [1:22:45] Just real quick, we're going to educate you on something very important, Martha Stewart's morning routine.

[1:22:53] So, yeah. [1:22:54] Get your notebook out, take notes. [1:22:57] She basically just had a recent podcast where she came with... [1:23:04] She was on a podcast called Lipstick on the Rim. I didn't hear about it until I heard about Martha's interview there. But great interview. She talked about beauty hacks and what she does to stay young. And I'm like, I love this woman. She comes from a big family. She snatched. She snatched. Like, what's not to love? [1:23:34] is [1:23:35] Do you know what I mean? [1:23:37] That's how she describes it in the interview. It's very funny. She'll just be like, I was in stock and also farming. And I was like... [1:23:43] Okay. So here we go. We're just going to jump right into it. She says 4 a.m. or 4.30. [1:23:49] She she'll wake up. [1:23:52] So we're waking up. [1:23:54] And she immediately reads the entire New York Times. [1:24:00] The entire one. That's that's I feel I need to start doing that. I'm having cognitive decline. Yeah. And so we wake up and we we get on Twitter. We scroll. [1:24:11] all the things, but she is doing all the puzzles in the games. And she says it helps with her brain. [1:24:17] So longevity there. Then she'll go to Pilates. [1:24:21] She's a palat girl. She's my girly. So is Natasha. She says she used to do it at home because she has a great at-home gym.

[1:24:30] Oh, I'm not surprised, but she's like, you know what? Get out of the house. [1:24:33] Get your steps in. [1:24:35] It's only five minutes away for her. So she either does Pilates or the gym. She has a personal trainer. I believe his name was Sean. She shouts him out. [1:24:43] And then she comes home and she does a green juice. [1:24:47] Okay? [1:24:48] everyone's talking about the green juice. You want to know what's in her green juice? I'm going to tell you. [1:24:53] Okay, we have... [1:24:55] I have my little notes here to the side. All of them are homegrown veggies. [1:25:01] She has her own garden. [1:25:03] Remember that. This is Martha Stewart we're talking about. So we have... [1:25:07] I'm just going to over here. Spinach. Okay. So you can take a screenshot afterwards if you need. [1:25:14] Parsley. [1:25:15] Don't know if I'm spelling any of this right. That's right. Sucumbers. [1:25:20] Okay, can you see that? Uh-huh. Cucumbers. Ginger. She makes a note, this is not homegrown. This ginger, she buys it. [1:25:30] A cup of an orange. How are you, Robert? [1:25:33] Okay, half of an orange with the peel. [1:25:37] Don't forget the peel. [1:25:40] Okay. Okay. Then we have celery. Very important. But the most important part of the celery is the leaves. I love a celery leaf. She says you need the leaves. Mm-hmm. [1:25:50] And then she says, okay, this is the most important part, but... [1:25:58] Then she'll have a one egg.

[1:26:00] One egg. [1:26:01] I can relate to. I love a one egg. She's an almond mommy. Boiled or scrambled. I personally like scrambled, but... [1:26:08] And, and her eggs, guess what? [1:26:11] Homegrown. [1:26:12] Wow. [1:26:13] The song. [1:26:14] Um, if she does coffee, it's a cappuccino. She said one. And I had to look up how to spell ca-pa- [1:26:21] Just a cap. [1:26:23] Cappuccino, right? You don't know that. That's how you spell it. Cappuccino. [1:26:28] Um, and then, oh, also with whole milk, no sugar, just cappuccino. [1:26:34] Whole milk. [1:26:36] Homegrown. [1:26:36] Thank you. [1:26:38] uh farm milk is what she she says that's her language she says she has donkeys she has horses she has dogs she has cats she loves animals [1:26:47] One of her biggest secrets at the end of this interview was saying... [1:26:51] my number one [1:26:52] like anti-aging hack. [1:26:55] It's just to be in nature. [1:26:57] just to get out [1:26:58] Get out in nature, be around nature and animals. [1:27:02] So, [1:27:03] I don't know. Write that down. [1:27:05] Um... [1:27:06] Get off your screen. [1:27:08] But not now. Not right now. Stay tuned because this is important. [1:27:12] Then she talks about skin care because she just released her own skin care line. Hello. [1:27:19] So we have, it's called Elm Bioscience, and she has her anti-aging serum with antioxidants. Here, I'm going to jot this down. Here's your chance to take a screenshot.

[1:27:31] Okay. [1:27:32] So now we're going to talk about the skincare aspect of [1:27:37] Here we go. [1:27:38] I feel as though we need to pull up one of her. I'm going to find one. [1:27:42] Yeah. [1:27:43] Mm-hmm. [1:27:45] Um... [1:27:47] She talks about her serum, right? We have a serum. It's big on... [1:27:53] She always talks about antioxidant. Is that right? [1:27:56] Close enough. Comment in the chat if that's how you spell it. [1:28:00] Okay, and then she says she doesn't like Botox. [1:28:03] Oh, surprising, right? No Botox. [1:28:07] But she said she tried Botox once for the 11s. Didn't like it. Her eyebrows got all wonky, she said. So her doctor said... [1:28:17] Um, just put scotch tape there instead. Oh, my God. So she's definitely gone. A deep... [1:28:23] playing facelift yeah yeah um well she she didn't go into any surgeries she did say [1:28:29] She likes certificates. [1:28:32] Okay. [1:28:35] Okay, this was her exact language and then quickly moved on from that. [1:28:41] And then went into the serum. [1:28:43] So she likes certain fillers and she also... [1:28:46] There's the Botox in the mat. [1:28:47] So I'm like, where do you go? Because... [1:28:50] I need that. Botox in the neck. And then also in her skincare supplements. [1:28:57] So, you know, after the one egg and the cappuccino. Do you think she's hitting the creatine?

[1:29:02] I don't, I think I want to see, I was supposed to look up the ingredients and I'm sorry I didn't. I'm sure you did Google. Maybe if you want to do a quick Google search, but I wonder what exactly. [1:29:13] is in these supplements. The dosage is like this woman. [1:29:18] Gorgeous. [1:29:19] There she is, Martha Stewart. For those who don't know... [1:29:22] You know her image. She's by the pool. Okay. Is she up on the screen? She's up on the screen right now. Okay, great. Phenomenal. She's a babe. Original trad wife. And these are [1:29:33] These are her secrets. These are her secrets. Okay, Kate. [1:29:36] Anything else after a supplement? [1:29:39] Nope, not really. She doesn't really deal into that. So... [1:29:43] Keep fun. [1:29:45] Thank you. Wow, great stuff. [1:29:50] We're going to roll this whiteboard right out. We've got five more minutes before Dina... [1:29:54] Does her remote interview... [1:29:56] I hope we figured out the audio. [1:29:59] for your... [1:30:03] Um... [1:30:04] Self-assisted. [1:30:05] We have four minutes. I think that we should... [1:30:09] Oh my God, we have to phone a friend. Okay, I have an idea of who I can call. Okay, great. I really love the phone a friend. [1:30:16] Let me see here. [1:30:18] I really hope this person picks up because I... [1:30:21] Really been. Here's your phone and phone. [1:30:24] prompt here. Okay. [1:30:27] Adios, we care. [1:30:30] Mm-hmm. Pressure's on. I was four for four last week. Uh-huh. I could see this one not picking up. Oh, I could have hungered.

[1:30:37] She did it. [1:30:41] So. [1:30:42] Are you okay? [1:30:44] You're like, why? This is an unemployed vibe calling at one. We have Ted Not Lasso picked up the phone, is on the line. Ted Not Lasso. She's, she, well, I don't know if I want to dox where you are in the world, but. [1:30:56] I'm happy where you are. [1:30:58] Yeah. [1:31:00] How you doing? [1:31:01] Bye. [1:31:03] And it's nice, beautiful, all day. How are you? We're doing good. We've been live streamed for two hours and one minute and 34 seconds. Okay, I'm going to ask you two. I'm going to ask you a question, then I'm going to ask your take. And the first question is, [1:31:19] Invest. [1:31:20] acquire or liquidate. [1:31:23] Okay. [1:31:24] It's a play on another format. It's a play on Kill Fuck Mary. [1:31:28] So invest, acquire, liquidate. [1:31:31] Here are your three options. [1:31:33] Elizabeth Holmes. [1:31:35] Adam Neumann. [1:31:37] Sam Bankman-Fried. [1:31:40] Oh, that's hard. [1:31:41] Wow. And... [1:31:44] and best acquire likely. [1:31:48] Liquidator was with Hans. [1:31:54] She's not an ally. I didn't just... [1:31:58] keep going keep going [1:32:03] the [1:32:05] Wow, trust Ted to have a spicy... These other two are really hard. You have Acquiring and Best left and Adam Newman and Sam... Is he...

[1:32:15] yeah it's just killer options how how can i [1:32:19] Damn, that's actually hard. I think I would... [1:32:24] invest in Adam, Newman, and Acquires and Bankman Freed. Okay. Well, also, that's actually the correct answer in some ways because – [1:32:32] There's all this... [1:32:34] information about how he's actually the best venture capital. [1:32:41] he did build something oh true true true true i needed to build yeah and also like i don't trust him on his own accord so i wouldn't want to invest but i would want to acquire and have him under [1:32:53] Under my management. Under your management. Okay. I love that. Wait, who said hi in the chat? [1:32:58] Burtwurst says hi in the trap. Okay, really quick. We have one minute left. I would love your take on the Phantom launching their cash. [1:33:09] Their coin. [1:33:11] So do you have any thoughts? [1:33:13] Maybe you can say what it is first and then give your thoughts. [1:33:16] My understanding is that [1:33:18] Xantome launched its unstable coin. So just like USD pledged [1:33:22] stablecoin instead of using USDC or USTT for default. And I think that's [1:33:29] Personally, I think that this is great for... [1:33:32] users of Santon because this means thought [1:33:35] Instead of all of the yields getting earned and like being tracked as revenue by Coinbase or Circle, Phantom can decide how to deal with the yields that they're earning on their cash and then distribute it to users as rewards.

[1:33:48] So I'm like a huge fan of it. Nice. Nice. Ted, I love that. Okay. You're so smart and so beautiful. And I love you so much. And I'll see you Friday. [1:34:00] okay i'm gonna get out of here i'll be back in a bit great um [1:34:05] I'm going to just take this. [1:34:08] Thank you. [1:34:09] Thank you. [1:34:11] Thank you. [1:34:14] Thank you. [1:34:16] Thank you. [1:34:17] Going to bring my mic around. [1:34:18] Thank you. [1:34:19] This... [1:34:22] It's here. [1:34:24] is Rachel, um, [1:34:27] Around. [1:34:33] Thank you. [1:34:41] Thank you. [1:34:42] Thank you. [1:34:44] We're going to add Rachel to the stage here. [1:34:49] You hear me? [1:34:52] Thank you. [1:34:54] Thank you. [1:34:55] Just give me one second. [1:35:00] Thank you. [1:35:00] Hi. [1:35:02] Hi. [1:35:02] How are you doing? [1:35:04] Zenkak. [1:35:05] Sorry. [1:35:06] Good. Can we just do a quick audio check? Because we were having some issues before and I want to make sure we're getting a clean take on your... [1:35:15] audio can you say like just testing testing

[1:35:19] Tetsi testing. This is a Rachel. [1:35:23] Are we sounding? [1:35:25] Do you have any questions? [1:35:27] headphones just because there's a little bit of a you're in a live room there that's echoing a little bit around oh and real yeah [1:35:34] It's okay. It's just, I see that hardwood floor. I see a clean wall behind you. We got a little bit [1:35:40] The sound is bouncing around. [1:35:42] It's a very echoey. [1:35:45] What do we think it is? [1:35:47] Do you have any headphones? If not, we can probably deal with it, but... [1:35:50] Oh, you're with me. I don't know if I have. Oh, oh, oh. [1:35:53] We're just doing a little production. [1:35:56] A-V-E-Sherkner. [1:35:58] Thanks, Megan. [1:36:00] I love that. [1:36:03] Thank you. [1:36:03] Can we live with it? [1:36:06] Okay. [1:36:07] Is there a setting that we can press echo cancellation? [1:36:11] Already did that. [1:36:13] um Rachel let's just get started and if we need to do if we need to adjust we can do that midway through um [1:36:21] How are you doing? Welcome to the show. [1:36:23] Thanks for having me. [1:36:25] Do you want to do a little introduction so folks know who you are? [1:36:28] Sure. My name is Rachel Mayer. I'm VP of Product here at Circle, leading all things ARC. [1:36:35] uh, [1:36:36] Been at circle for a long time as my eighth [1:36:39] Eighth anniversary of goal. [1:36:41] Before that, I started a [1:36:44] crypto trading application called for her, which Circle acquired and 20-sided T.

[1:36:50] before I started my career in TrapFi. I was a pre-year at J.P. Morgan. [1:36:54] okay wow i i eight years at circle that's like i feel like as old as the company like how how long are they coming out for [1:37:03] Yeah, Circle was founded in 2013. Oh, okay. So it's definitely, you know, [1:37:09] four years old. [1:37:10] uh, [1:37:11] Jerry's a once-in-a-lifetime entrepreneur. [1:37:14] I know you, I think you were going to ask me about [1:37:18] a tweet and is exactly about this. Let's jump into it. We do have a draft tweet that you'd like to share. We've been doing this with all our guests and it's really fun. So this is basically a tweet. [1:37:27] you have that that's drafted that hasn't made it out onto Maine for whatever reason. But yeah, anything that you have to do. [1:37:36] My tweet is, I feel like a crypto-alboia. [1:37:39] Oh, my goodness. [1:37:41] Damn, babe. [1:37:42] He, he, he, he [1:37:44] You got to see if you guys know, but eight years at Berkeley and history. [1:37:50] Okay. [1:37:50] as Starnet before that. [1:37:52] Just seeing the ups and downs. My background from Venezuela is... [1:37:56] Latina as well, and, you know, I feel like a prick of one of these things. [1:38:01] Yeah, well... [1:38:02] I love that as a draft tweet. If you had sent that tweet, I would have liked it and reposted it because I completely feel very aligned. [1:38:10] um so you then if you had a startup that was acquired in 2017 or 2018 then you must have been you must have gotten into crypto much earlier can you tell me about that journey

[1:38:20] Yeah, I'm border-raised in Venezuela. Let's go. [1:38:24] lived through some of the worst economic collapses in history. Hyperinflation, bags of cash, like all of the classic imagery that you see [1:38:34] Or like why her don't? [1:38:36] I live through it. My family lived through it. [1:38:38] And Bitcoin and Stamicoins later became the economic lifeline. [1:38:44] So it was quite literally like life-saving technology. When I read the Bitcoin White Keeper, this is a fundamental technology shift and B, [1:38:56] Me and my family, we all started writing it. [1:38:59] And so, you know, [1:39:01] It's like saving technology. [1:39:04] for alternate system. Anyone who knows all of a internet connection can now have [1:39:08] bypass those censorship [1:39:10] or truly data shenso. [1:39:12] I knew that in my career that I wanted to be in Capetale. [1:39:16] sort of juggles in between, you know, banking, learning macro as a trader for foreign exchange. [1:39:21] And then combining entrepreneurship that macro trading with crypto trading through mobile in the 2014-15-16 era. [1:39:30] and led me to circle and brings me to arc. [1:39:35] It's just that continuation here. [1:39:37] That vision of frictionalist exchange of value. [1:39:40] for financial service that is for the billions of people in the world. [1:39:44] I really relate to that as your why for quick though. I had a similar call.

[1:39:53] Or we called for a similar... [1:39:55] reasons. And so I feel, yeah, I really relate to that. And your journey and your path so far. Okay. So tell us, you're doing ARC now. [1:40:04] What is ARC? [1:40:07] Good morning. [1:40:08] ARC is an open layer web arching. [1:40:11] for the silt from the stable coin economy. [1:40:14] starting a stable coin in finance. [1:40:16] You know, it might be years of circle. [1:40:19] learn lots of things from partner feedback. [1:40:22] And what ARK does is that it combines the efficiencies of the blockchain with traditional financial. [1:40:29] Finance must-haves. [1:40:31] It's really a hold for stablecoins, stablecoin finance, not just USDC. [1:40:37] and is built with three main principles in mind. [1:40:41] Number one, our consumer failure one blockchain, it has predictable gas fees via USDC as the gap token. [1:40:49] So it eliminates the friction of [1:40:52] having to account for a volatile token on some balance sheet, [1:40:56] you know, USTC and stable coins are now [1:40:59] Money and Gating Parts of the World's. [1:41:01] Number two, it has instant finality. [1:41:04] So deterministic subsecond, [1:41:07] An outing? [1:41:08] That's really important in payment systems to have clear, crisp, fast definition of what a transaction is final. [1:41:16] and then the green has updated compliant privacy. [1:41:20] So users and developers can selectively shield,

[1:41:23] balances and transactions to [1:41:26] obviously the account and the balance that's only private to both centers. [1:41:33] We saw a gap in the market. [1:41:34] No other layer one really offers all R3. [1:41:38] So on the product team, we decided that based off the customer feedback and [1:41:43] tagging to Jeremy's vision, [1:41:45] is why we built our consider later one. [1:41:48] Okay, so it was the privacy, the incident finality, and what was the third one? [1:41:55] State of Guine was native gas, used to CNC. Native gas. Native gas. Okay. Interesting. And you... [1:42:03] you guys are arc launched i want to say i think i wrote about it like three weeks ago three or four weeks ago it was [1:42:10] We have a public announcement in our vision. We released a light paper on Office 12th. [1:42:16] Okay. Oh, right. Okay. And [1:42:19] It comes at a time where there are seemingly a lot of... [1:42:25] Layer one stable coin coin. [1:42:27] blockchains fit for purpose, blockchains that are designed for stable coins. The landscape is getting... [1:42:34] um, [1:42:35] is getting crowded, I think, especially for stablecoin, setting aside sort of layer one conversation. But I'm curious what you feel like is... [1:42:43] the end game for stable coins? Like, do you see a world where we're consolidating into a few? Is it fragmentation based on use case? Like what, what's your vision for where we go from here?

[1:42:56] Yeah. [1:42:57] Uh, [1:42:58] Lots going on in the market today. It's super exciting. Definitely on a high level. [1:43:05] I think the stablecoin economy [1:43:08] It's the end game. [1:43:09] We're sort of a stable farm finance, and that, you know, to us, we use [1:43:14] things like foreign exchange, capital markets, [1:43:17] Hence traditional trading markets. [1:43:20] These are the large markets that exist today. I used to need an X trader, just FX daily, trades around $7 trillion today, so... [1:43:30] we can expect that there could be lots of competitors [1:43:33] And in Argus focus on, you know, those specific use cases that go beyond just, you know, payments and stable collects. So lending, borrowing, credit affects agentic commerce. [1:43:44] And I think what our Conservatives do really well is that we bring [1:43:49] you know, the institutions that [1:43:51] are comfortable using USDC, [1:43:53] And marrying those with the defined evasion that we see in the hearts. We then also use VCC and state of the coin, you know, the edges of the open entry. [1:44:02] So I think, you know, one over one, it's definitely ending. [1:44:07] You're definitely seeing lots of consolidation. [1:44:09] up and down the stack, right? Like people are in the meeting. [1:44:12] up the stack and going down the stack. [1:44:15] These stablecoin L1s are serving different use cases. My interpretation is that [1:44:21] We beat them both, Strikers. [1:44:22] hyper-focused on payments, [1:44:25] Maybe plasma is very hyper-focused on

[1:44:28] Tether and P2P remittances by [1:44:32] ARC has focused on expanding those use cases for stablecoin finance and the stablecoin economy with multiple stablecoins coming to ARC, dollar and non-dollar. [1:44:43] And I'm on the view that, you know, rising tides, [1:44:46] Lipsaw. [1:44:48] Both ships. [1:44:49] I think. Whatever's the new fall. You know, truly enabling that new value to come on change. [1:44:57] And, you know, we talked about Capri. [1:45:00] Prince Fulzong and Argus Archipelite, I think another core, [1:45:04] distinction or to meekness that you know armor provides is that [1:45:08] It, uh, [1:45:09] It comes with Interop built-in. [1:45:11] So if you used to see today's on dozens of lunches, [1:45:15] actually ACC transfer volume. [1:45:18] CCTP or interop layer powers of 90%. [1:45:22] of all the USDC cross-chain transaction activity and so, [1:45:25] We recognize it itself. [1:45:26] It's a large market. You know, applications will come. [1:45:30] to different watching the ecosystems. [1:45:32] But we want heart to be on the rank to that economy and [1:45:37] My goal as a product is to be able to do it. [1:45:39] person is to make it very professionalist. [1:45:42] One second. [1:45:43] one said [1:45:44] one clicks even just really hard to fill from r2 [1:45:48] any other includes DC support and it was enabling that. [1:45:52] Yeah, I hear you on the one click. I feel like that is like, [1:45:57] one of the most important things in this world of like many...

[1:46:01] Options, choices, stable coins, blockchains, like getting it to a point where we can... [1:46:07] from a product or from a UX perspective, be able to switch seamlessly or maybe even like without even knowing. [1:46:14] at all, I feel like is, for me as a user, one of the things that feels like it's important to nail before [1:46:21] we can see meaningful adoption. But I'm curious, like, what are some of the other things [1:46:25] that you feel like need to, [1:46:27] be there or need to be unlocked in order for this vision of StableFi to work or to be realized in the way that I think you want it to be. [1:46:35] Yeah, for sure. I mean, we've seen major advancements in regulation and just [1:46:39] core innovations in the technology itself, right? Like privacy and wallets and [1:46:44] Consensus. [1:46:46] What we need now is the adoption and the demand. So literally like. [1:46:50] users. So, and that's really good call from bringing new institutions. [1:46:55] because in our enterprises, the businesses, the big providers that see the benefits of stable coins to date, [1:47:03] and marry that demand that [1:47:06] gratefully exists today with the inundation. [1:47:09] that crypto ethos and DeFi systems [1:47:12] proliferated. So [1:47:14] You know, I've... [1:47:15] this week uh we really feel that demand of these new like institutions and enterprises coming on [1:47:23] the service providers. [1:47:25] asset issuers that are talking about their private credit funds and you know the benefits of access to

[1:47:32] Different investors all over the world are different forms of liquidity. [1:47:36] But global banks tried to understand if cross-border money would manage better. [1:47:42] Mobile Libby. [1:47:43] Oh, and so I'm super excited because that really needs to happen is that appetite for demand for single client to work. [1:47:50] And then we can bring the net media use case, stable climate facts. [1:47:54] Payne at scale. [1:47:55] Agente. [1:47:57] Commerce AI Revolution. [1:47:59] And so I have our really focus on bringing that net new value launching. [1:48:03] and ensuring that global adoption really happens through [1:48:07] those distributors who then in turn touch billions of users and businesses from [1:48:12] Of those constituents, of those stakeholders, who have been found in your conversations to be the hardest to move or the hardest to understand or be willing to adopt the stable coin or this technology more broadly? [1:48:28] Yeah, we... [1:48:29] I think those that are really dependent on regulatory clarity are the hardest to move. And so... [1:48:36] That could be a big... [1:48:38] The big global banks primarily is they... [1:48:42] Sometimes, and rightly so, like, one of the very clear, like, these are the cardinals, what we can and should not do. [1:48:49] Um, but you know, I hear it from their customers, like their customers are [1:48:53] wanting to access stable coins and wanting to access digital assets and so [1:48:57] And, you know, there's definitely a lot of movement in all parts of the world to drive clarity around stablecoins, euro and the US.

[1:49:06] Yeah. [1:49:06] being predominant but [1:49:08] you know that's still a legal ongoing issue for some some more traditional players. [1:49:14] Yeah, totally. And are you primarily focused on U.S. market or like what's your what's your your sort of strategy for regional strategy? [1:49:26] It's global adoption. So wherever state requires... [1:49:30] especially when dollars did find heft in the end. [1:49:32] we're going to, right? And so, USDC now has its global, yep, [1:49:37] amazing partners like Lamein Cash in Argentina and [1:49:42] GRAB in Singapore. [1:49:44] So it did this open layer one blockchain, so it's [1:49:48] Wherever the internet... [1:49:50] and wherever stablecoin demand is. [1:49:53] Well, [1:49:54] We'll see demand and for welcome to Sardos Hill at least. [1:49:58] Nice. Okay. So what's next for ARK? [1:50:04] Thank you. [1:50:04] Yeah, so, you know, we always start with the builders. There's just... [1:50:08] a lot of buds on staple coin um i personally feel like [1:50:13] the mobile app era a little bit, right? Like recognizing that there's an arm shift and [1:50:18] creativity and entrepreneurship is is thriving so [1:50:22] where the DA's all tickle first for kicking off [1:50:25] Arv Tilber. [1:50:26] Who said, [1:50:27] We're very punny over here, and it's no need to public test net this fall. [1:50:33] And so we're a Hudson building. We're currently in private test set.

[1:50:37] Topping to many different types of partners to have insert integrations. [1:50:41] All the way marching to the public test net so that more builders and institutions can get bark into their hands. [1:50:49] Okay, and that's Q4. [1:50:53] Yes. [1:50:54] Hopefully. Fingers crossed. If all goes well, let's keep going. Okay, great. [1:50:57] Okay, amazing. Well, thank you so much for sharing. I'm excited to see what you guys do next. One thing that we've been doing with all our guests on today's show is a chill minute. [1:51:09] So I don't know if you have anything prepared to shill for 60 seconds, but if you do, this would be an opportunity. [1:51:16] to do so. [1:51:16] And it can be also ARC if you want it to be. [1:51:19] Wait, can I show arc again? The desk. You can if you want. Yeah, let me just get the camera. [1:51:25] Okay. [1:51:26] Ready? Go. [1:51:28] All right. [1:51:28] Come talk to us on the art team. Come reach out to me. Come reach out to the other art builders. [1:51:35] Sign up for access to the private test engine at ARC.network. [1:51:41] Come, Bill, we'll take a point with Connelly. We're ready. Please give us feedback. [1:51:46] um it's exciting time [1:51:48] And welcome to our charter. Thank you so much. [1:51:52] Amazing. [1:51:57] A tight 25 seconds. Perfect. That's actually a really wonderful invitation. And I hope people who are watching take you up on that because they should. So, Rachel, thank you so much for coming on and keep us posted. Let me know.

[1:52:13] I'd love to come back. Thanks for having me. Anytime. Okay. Take care. [1:52:19] Thank you. [1:52:23] Thank you. [1:52:25] Thank you. [1:52:26] Oh, we got a headphone hair situation. [1:52:31] Uh-huh. We're going to take just a few minutes. [1:52:35] Oh, the computer. Laptop time? [1:52:37] we're going to talk about our newsletters, and then we're going to let the people return to... [1:52:43] their jobs and their days. [1:52:47] Oh, damn. Okay. [1:52:50] okay so we write to this is i guess our show minute here we go let's see it 60 seconds on the clock for natasha [1:52:59] Okay, wait. We both write a newsletter a week for this... [1:53:05] company of ours of this business here. Dina writes a newsletter called Malware. I write a newsletter called Two Online. [1:53:12] And we're going to start a segment on this podcast. [1:53:15] Livestream. [1:53:16] where we talk about what we have written about in the newsletter. So... [1:53:21] Because the two online newsletter is about, [1:53:24] What's happening on the timeline this week is, [1:53:26] What are people talking about? What are people caring about? [1:53:29] And, [1:53:30] then sometimes [1:53:32] my personal [1:53:33] I weigh in. [1:53:34] I weigh in on it and I give advice or thoughts or feelings or whatever it may be. Um, [1:53:39] Okay, people pleaser. In the house. I promised I wouldn't bring her. But we're so happy she's here. Nice to see you. I'm her.

[1:53:51] We've always done that. I'm her. [1:53:56] Should I go first or you go first? [1:53:58] Go. Okay. So I wrote a newsletter on Friday. You can subscribe through that QR code. [1:54:03] The headline is... [1:54:05] the subject line we work really hard on our subject line so i do want to highlight them more um [1:54:10] Tylenol is making you autistic. [1:54:12] No, that's real. [1:54:15] Oh, great, great, great. And so basically the premise of this newsletter was there were a few things that are happening on the timeline. [1:54:23] that, well, first... [1:54:25] It's that time of month, ovulating and thinking about buying... [1:54:29] That's so funny. That's so funny. [1:54:32] I love that. But no, really, the time of the month is actually we need to [1:54:37] Oh, we need to scoot up. [1:54:39] Too close. [1:54:41] Okay, there we go. Um... [1:54:44] Basically, like there's moments where throughout the month, throughout the year where I... [1:54:49] recognize that there are many sort of like [1:54:52] post-truth moments happening on the timeline. And there's an illiteracy around that for some people. [1:54:59] And so I walked through three stories. One was that Zac Efron went viral recently. [1:55:04] for a product campaign where he looks absolutely botched, like absolutely fucking destroyed. And it wasn't real, it was AI. People didn't realize that, people freaked out, and also found that it was crazy that this Fast Company [1:55:18] story about it got zero likes on honestly legacy media legacy media

[1:55:25] We're coming for you. Next was prediction markets were mentioned on South Park. This took over my timeline in a way that I was like, [1:55:33] I would like it to stop. Me too. It was very much. It's how I felt. And it was the two wars. [1:55:41] House. [1:55:42] Kalshi versus House... [1:55:45] Polymarket, and there was misinformation on the timeline. People were trying to figure out, were both of these companies, platforms, prediction markets mentioned in the episode? Were they not? There was a lot of, like, were so mainstream, like, platforms. [1:55:58] a lot of hoorah about that. Turns out that [1:56:02] Both were mentioned. Mm-hmm. [1:56:04] Polymarket, [1:56:06] logo was actually used and cal she's wasn't but they did like sort of a [1:56:12] edit where it looked as though it was. And everybody got... [1:56:17] It's kind of lame. They're... [1:56:19] I'm sorry. That's kind of lame. [1:56:22] She said it on I. And Kate did the good work of watching the episode. Um... [1:56:27] And I didn't. So she confirmed that. Lastly was... [1:56:33] a game of fact or fiction [1:56:35] Whether Tylenol is responsible for making you autistic. [1:56:39] There was a lot of very funny... [1:56:41] very very funny tweets on the timeline reddit can you go to the one that says i'm pregnant and my baby is going to be the most powerful reddit mod to walk you sir [1:56:50] Incredible tweet. This was because Health and Human Services Secretary Robert F. Kennedy Jr.,

[1:56:58] said that it was. [1:56:59] and experts. [1:57:01] are unsure um and then lastly was our misinformation campaign which was that we did it at a home bye honestly [1:57:10] Bert, don't. [1:57:11] Okay. Yeah. [1:57:13] for this upstream. [1:57:15] okay it was fake it was fake it was photoshop um but we appreciate everyone believing that it was real yeah great job uh that's my newsletter also [1:57:23] We do some funny LOLs at the end. It's great. You should subscribe. You should totally subscribe. That's what was happening on the top of the last week. 2online.beehive.com. Oh, I guess there's a QR code. There's a QR code. [1:57:33] um okay do you want to talk about your newsletter and then quickly yeah although we covered a lot of it so uh i write malware which is more uh squarely crypto and technology focused um [1:57:44] I will say that this week... [1:57:47] Ted talked on it, but were he... [1:57:50] The Solana or excuse me, the Phantom Cash. [1:57:54] Launch very buzzy, crypto to cash credit card, [1:57:59] Venmo-like app [1:58:00] in Phantom [1:58:02] stable coin without saying stable coin honestly which I thought was pretty cool and then I think just generally the story is like [1:58:09] Yes, this was a story about Phantom. [1:58:11] and cash, but really it's a story about Stripe, which is like when you peel back the layer of many things that are happening right now in technology and especially crypto. It's a story about Stripe. [1:58:21] like the instant checkout and chat to be tea. [1:58:26] That's the story about Stripe. [1:58:27] The cash, the Phantom...

[1:58:29] uh, launches a story bus, right? Because, uh, [1:58:31] it bridge powers the stablecoin which is a recent stripe acquisition there's one other thing that [1:58:37] Yesterday, that was also a story about stripes. So anyway, they're working hard. Do you know what? I... [1:58:42] absolutely love is like a subplot of all this. Emily Weiss. [1:58:45] Glossier? Glossier. Uh-huh. [1:58:47] She... [1:58:49] got married, then they got divorced. Then she got remarried. And I think she remarried one of the co-founders of Stripe. [1:58:55] Okay, we're going to need a fact check on that. Or a very high up, see, maybe like the chief legal officer. Hold on, hold on, hold on. Emily Weiss, Emily Weiss, I can look it up. Emily Weiss, new husband. They had a baby together. New husband. Genuinely like so happy for her. [1:59:09] Very cool of her. [1:59:10] senior executive at Stripe. I mean, this is the AI overview, but I do think, yeah. Okay, so maybe not co-founder, I'm sorry, but senior exec. Senior exec at Stripe. It's Stripe all the way down at this point. [1:59:22] Uh, so that was the first story. And then the second story was about SOAR 2 and, um... [1:59:29] We touched, Cheryl did a great job explaining what's happening there, but I do think one thing, one detail that was coming up a lot for me was about how... [1:59:38] People, the markets, investors are a little spooked that if this is the thing that AI is doing, all that... [1:59:46] pumping around the NVIDIA network. [1:59:49] GPUs and the market going crazy around AI is like, [1:59:54] perhaps a bubble. [1:59:55] If this is all that AI, if this is all that open AI is going to be drink. So that's a little nuance there. And that's the newsletter. Can you give us one of your lulls really quick?

[2:00:07] Oh, this one I really like a lot. [2:00:10] the breaking news [2:00:13] Very sad. [2:00:14] What? Jane Goodall died. [2:00:16] Oh, we were just talking about her. [2:00:20] Sorry, that was a bummer to go out on. [2:00:22] And also sorry we have the Austin Butler photo on the screen when that news broke. What a stupid thing. [2:00:30] To have up on the screen. I'm sorry. I'm sorry, Jane. Sorry. That doesn't honor your legacy whatsoever. It doesn't. She... [2:00:37] She, um... [2:00:42] Wait, wait, wait. We should go back to that tweet, though, because it was very funny. It's very funny. But now I'm like, I feel bad. You feel bad. Now I feel bummed. I just feel like we should end on a happy note. Totally. [2:00:53] So back to the house of... [2:00:56] Anyway, those are our two newsletters. [2:00:58] I feel... [2:00:59] I genuinely can say this. [2:01:01] I think people will be pleased to have subscribed. [2:01:04] I think so, too. So I think that people think you'll learn a little bit. You'll have a little bit of fun. It's a nice little break in your work day. Yes. [2:01:12] you might feel a little bit more briefed on a thing that your boss or your co-worker comes to ask you about. [2:01:19] That's kind of our goal. Anyways. [2:01:21] It is. We are going to be again live next week, if you can believe it or not. [2:01:26] on Tuesday instead of Wednesday and I feel like I'm reporting into like my teacher on why we need to change the date but it's because we will be in San Francisco and legally you can't live stream on Wednesday exactly so it's against the it's against health and safety so we're going to be doing on Tuesday and we're going to be in Menlo Park which a few folks apparently live in and work from not Apple and not Google no as it turns out but if you are a founder you work in tech you have some story to tell and you are able to be in Menlo Park on Tuesday next week hit us up and

[2:01:56] You'll make it onto the live stream. I'm going to end on this funny tweet by a guy named Jerry underscore Junebug. [2:02:03] Feeding the mouth that bites me. [2:02:05] Exactly. [2:02:05] Okay, that's our live stream. See you on Tuesday. [2:02:11] Okay, that was CBH. Join us live on Twitter every Wednesday at noon. Or here, I guess.