Ep. 82: Feelings Check-in. 1) Nouns and the $50M fork with special guest Toady Hawk 2) Personal feelings about working "in crypto" 3) Bonus draft tweets

[00:00] Okay, quick intro. Quick intro. [00:03] Welcome to the Feelings Check-In, a feelings first look at the news of the week. Takes no one asked for on topics everyone's talking about. I'm Natasha Hoskins. I'm Dina Burke. And this is Boys Club. Wait, is it just Boys Club? It's just Boys Club. The Boys Club podcast? No. No. [00:20] just boys club hi hey this is a bit of like a combo episode we're doing a feelings check-in [00:29] on something happening that we didn't understand. So we pulled in somebody to talk about it. [00:34] Yeah, we have kind of had a running joke between us that we didn't understand what nouns was. And then... [00:39] Also, what I love about that joke is everybody's like, [00:43] We need to bring simplicity to crypto. We need to bring simplicity to these governance structures. Like nouns. It's so easy. It's so simple. Anybody could understand it. And I've been on so many panels where someone's literally saying that. And inside I'm thinking... [00:57] I, [00:57] don't get it and I don't know what it is. So... [01:02] That's been my reality. [01:04] Um, totally. That has been the thing between us. We don't know what nouns is. Too late to ask. And then they had a huge thing that happened to them this week and big drama in the nouns universe that spilled over to mainstream media. And we wanted to cover it for our Friday feelings check and pod, but... [01:21] felt like we needed to bring in an expert. So we pulled in Toadie Hawk, [01:26] They are our first pseudonymous guest, which is...

[01:31] its own milestone. And he gave a great [01:35] This rundown of what nouns is and what's occurring in that universe, which is a lot of money. Honestly, it's a lot of money. Yes. And a lot of drama around the money. It's really actually very, very interesting. We had sent out a tweet yesterday that was like, hey, who wants to come on the pod? And then people started. [01:52] adding people into the thread who would be a good fit. And so we reached out to Tony and were scheduled the time. And then like, right before we got on, [02:02] I was like, this could be... [02:04] Anybody, anybody in the world. And this person could be really unkind or unfriendly or not, or be like, you guys are so stupid that you don't know what nouns is. And he was so lovely and so really, really good at explaining something that I've tried to have conversations with people in the past about. And I'm [02:26] really eloquently and simply put [02:29] this very complicated thing. [02:30] before us and i'm really grateful for that so me too i hope people enjoy it oh and then in the second half we do our own personal feelings check-in and then we have a little bonus draft tweet at the end so stick around [02:42] And subscribe to this podcast.

[03:12] just a few clicks. Go to kraken.com backslash boys club, sign up in just a few minutes, and you can even get started with as little as $10. We love you, Kraken. [03:20] On today's show, we have Toadie Hawk, who is the owner of Noun 730. He's been involved in Noun since 2021, owns a media collective called Noun Square, does a lot of educational video content, a weekly podcast called Zero Rights Reserved. Welcome to the podcast, Toadie Hawk. Hey, how are you guys? [03:50] trying to what was going on and it was tricky. So I think just to level set for listeners, [03:57] Can you briefly explain what is Nouns and how does it work? So Nouns is an NFT project, but it's a lot more than that. In a way, it's kind of like a decentralized attempt to build a global brand by using a treasury that happens to be funded by NFTs is the way I would probably describe it best. It was founded by Punk4156 and nine other founders in 2021. [04:27] time so if if any of your listeners were around in 2021 they probably remember how much of a froth there was for lack of a better way of putting it you know everybody was trying to come out with 10 000 of whatever they could think of to try to make money as quickly as possible and then along comes this project where they're kind of turning everything on their head they're saying instead of 10 000 all in the market right away you know what if there's only one per day forever so the idea was like a slow governance start all the funds go directly into the dow it's a true dow

[04:57] The Treasury is actually controlled by the votes of the members who joined the Dow. And so it's kind of been a slow growth since August of 2021. So just over two years now that the project has been going. Before the fork or the split, which we'll get into a little later in the podcast, the Treasury had gotten up to about $50 million roughly, give or take. And so the Dow has been able to fund a lot of really cool things, in my opinion. [05:27] people in the Tao with maybe slightly different visions of what nouns could be. So to give a couple examples, we've named a species of frog after the Tao by making a donation to a wildlife organization. We've donated prescription glasses to kids who can't afford them. We've funded a documentary that's being made by Stupid Buddy, the makers of Robot [05:52] Chicken? [05:54] We had a float in the Rose Parade. We funded collectives like the Noun Square, which we do, which is basically like a media collective that helps to educate our community and other communities in Web3. There's lots of other examples, and I'm sure I won't think of all the good ones. But yeah, just a lot of interesting things have been funded by the DAO. And that's kind of maybe nouns in a nutshell. It's like, can we build this like... [06:19] decentralized collective brand, lifestyle brand, almost all together in a truly decentralized manner with very little top-down leadership? And can we make it have staying power? Cool. I have a few questions. The first one being, is the goal of spending money in the

[06:39] the nouns brand is that like the main motivation of where the money will be spent and what's approved [06:45] within funds being distributed? So I would say yes and no. One thing I didn't touch on in the description of nouns, which is pretty important, and so that's bad on me, is that it's also a CC0 project, which was a pretty important part of the ethos of nouns, meaning all of the code, all of the art, everything is completely public domain and open source. So anybody can use it, they can remix it, they can do what they want with it. And that's a big ethos from within nouns. And so a lot [07:15] around proliferate the meme comes from because it's like, yeah, if everybody knows what the noggles are, that's what we call these little glasses, nouns, goggles or noggles. If everybody knows what those mean, then the brand is succeeding at, you know, to some extent. But I would add to that that I think as the as the Dow has matured, we've also realized like, just proliferating the noggles isn't enough, there has to be something behind that meaning because a brand with no substance isn't really a brand at all. So [07:42] A lot of people, especially those who stayed after the fork, would probably say that Noun's ethos is something like, you know, keeping it weird, funding public goods, funding things that matter. And in so doing, you know, spreading the noggles, spreading the meme. But hopefully the idea is like in 10 years when people see these glasses, they're like, oh, you know, I recognize them. They funded, you know, this short shorts festival that I went to in L.A. and it was incredible. Or, oh, I saw those, you know, I saw those noggles on a skate park that was restored in my community.

[08:12] Even though the different initiatives aren't necessarily connected, they come back to a central thought or brand identity. [08:19] So how it works is there's one NFT that's put up for auction every day. [08:24] Yes. And... [08:25] That's a that's a live auction. So people are bidding and presumably that noun goes to the highest bidder. Correct. And basically, that's how this treasury of 50 million dollars, let's call it before the fork. [08:40] was accumulated through these daily sales. What's the... [08:44] average price that one of these nouns is going for and what was it maybe at the height of the bull market? So noun one went for 600 ETH to someone who definitely wanted that provenance. So I mean, keep in mind this launched at like the height of the NFT bull market in August of 2021. So probably some of that froth went into the project and, you know, we won't get down this particular rabbit hole probably today, but that might've even been part of the problem that contributed [09:14] early on. And then of course the bull market just pulled everything down and nouns was no exception. So even though the vibes were always high in the Dow, in my opinion, even through the bear and up until today, obviously the cost of a noun went down considerably from, you know, the average price early on was like a hundred ETH roughly. And then it went down to like 80. And then for the good part of the bear market, sorry, it was, it was basically like between 20 and 40 ETH kind of,

[09:44] Definitely not something you just, you know. [09:47] wake up one day and buy a noun. It's not an impulse decision. And is it one noun, one vote? [09:53] Correct. And to be in the DAO, you have to own a noun? Yes and no. To be in the DAO to make governance decisions, yes. But one of the really interesting things about nouns is that it never really has been about just the holder base. And that's kind of by necessity because when you're only growing by one token per day and you have only like originally 100 or then 200 and 300 people who are holders, like you're kind of limited into the reach that your DAO or your community can have. [10:18] By funding builders, by employing that treasury, and by making everything CC0, they've attracted all these, call them nouns fans or nouns builders. And so there might be only 300 holders of nouns at any given time, but there'll be a thousand people who are building an ecosystem and thousands of people who are fans of the ecosystem. [10:48] Nouns delegated to them. There are a bunch of people who have individual nouns delegated to them. So again, not to get too far out of the weeds, but there are ways for people to participate definitely without owning a noun. [10:59] Okay, so now let's go into the news from this past week, the nouns. [11:04] Fork drama made its way to mainstream press. I'd call it Yahoo financed. Oh, really? Did we make it on Yahoo? Yeah. So we made it. Exactly. A big deal. Can you give us the TLDR on what went down this past week?

[11:24] Sure. So maybe a good place to start on that is the concept of rage quit. So for anybody that's maybe not very familiar with DAOs, there's a concept that was pioneered by a DAO called Moloch, which is called rage quit. And the idea of rage quit is very simple. It's like if I'm a member of a DAO, and I don't like the direction that it's going, and I put money into the treasury when I bought my tokens, I should just be able to leave like rage quit exactly as it sounds like and take my portion of the treasury and just peace out. [11:54] that didn't think that it was a great idea to implement something like this as is, because it could potentially cause regulatory issues. Okay. You know, this is not my domain of expertise, but this is what, you know, some of the foundation lawyers behind nouns and some of the big brains in the DAO just sort of felt like it wasn't very prudent to implement something like this, because then when you're buying a noun, instead of it just being a contribution to an infinite art project, which is kind of what the original ethos of nouns was, [12:24] take your investment at any point in time and leave. So that's important context. This is something that had been talked about since early days of the Dow, and that was sort of looming large. There are a group of people who look for investment opportunities in Dow's where there is a difference between [12:43] the size of their treasury and the token price. So essentially an arbitrage opportunity. And there were those people who've done this to other DAOs identified that the average price of a noun per day, you know, was way lower at that juncture than it should have been if you took the treasury divided by the number of tokens and got the book value of the noun. So they saw those two numbers, which at the time at the depths of the bear market was like 20 ETH per token, which sounds pretty

[13:13] book value than now at that time was like 50 ETH. And so that attracted a certain type of investor. They call themselves usually risk-free value investors. [13:22] because they see these types of things as a risk-free financial game. And so a number of these people joined the DAO, started buying up tokens, and started pressing for Rage Quit to be enabled. To Noun's credit, and this is one thing that I'm pretty proud of the DAO for, is instead of, you know, when being faced with this kind of... [13:42] opposition to maybe what the goals of the Dao were from the get-go. Instead of just caving or instead of like, you know, rage kicking them or booting them out of the Dao, we took the opportunity to say, okay, well, now is the time that we really need to examine what's going on. [13:56] what mechanisms are available for people to leave the DAO and how can we make the DAO better. And because everything we do is open source, also potentially help future DAOs figure out this problem. And so that's where the fork mechanism came from. Elad and David are two really amazing developers who work on the NounsDAO protocol as contractors. And they came up with this idea for the fork. And the basic idea of it is that if at any time, if at any point in time, 20% or more of [14:26] with the Dow for any reason. They can initiate a fork. It's a very crypto-native solution. They can basically say, I want to leave. And if more than 20% of the token holders agree, those nouns go back into the treasury. They get... [14:40] Doppel nouns in a new in a new dao and they take their portion of the Treasury with them and then they can do They can do whatever they want in that in that new dao. So in this instance, I

[14:52] What happened last week is there was that contingent for sure of risk-free value investors that we talked about before. And then there was also a smaller contingent, as you could maybe expect in any DAO, who were just not happy with the way NALS was going. They had a different vision. It wasn't quite maybe we're spending too much for their liking or not spending on the right things. And so they left as well. And in this new DAO, what's important is that Rage Quit is enabled in this new DAO. So if you fork, now you can just take your ETH and leave if you're not happy. [15:22] The numbers, as of yesterday, the numbers were, during the fork, half of all nouns, roughly, or just over half of all nouns forked, but that represented a third of nouners, right? [15:34] So two thirds of people stayed, one third of people left with half of the nouns. Okay. And then after that, in the days since then, it's been about a week, about 60% of the DAO that left have just taken their tokens and left. They've rage quit. Okay. So now you're left with 40% of one third are hopefully now going to do something different and have a different version of nouns DAO. So can I just sort of repeat it back to you to make sure I'm understanding what happened? [16:01] Yeah, please do. Okay. So you guys have this treasury a few months ago or in some timeline, there were individuals who are these investors who see this arbitrage opportunity to make money based on sort of what the average price of the noun is selling for or auctioning for now versus what's in the treasury. [16:20] band together, I guess. [16:22] start buying nouns with the intention of

[16:26] putting a [16:28] proposal or having enough members within the DAO to, [16:33] enable this rage quitting mechanism so that they can [16:36] basically profit from the difference of what they purchased the noun at versus what the split of the treasury would be per a noun holder am i tracking so far exactly okay yeah exactly cool and then what happened was [16:49] individuals within the down, I'm curious sort of their motivation or intention, said let's [16:55] have this forking mechanism so that [16:58] There's a bucket of people who are investors who want to profit from this trade. And then there's a bucket of people who are participants and now [17:06] that have a different vision of where nouns should go. And then there's people who are committed to the current vision of nouns who [17:13] want to use the existing Treasury, what's left of the Treasury to continue down the path that's already happened. [17:20] More or less, yeah. - A bunch of things happen to make sort of those three buckets [17:24] able to execute on what they wanted based on their own personal motivations. [17:28] Right. Which is a success case, in my opinion, because it means that sort of everybody in a way got what they wanted. So even though the fork might seem kind of cataclysmic when you read it in the headlines and, you know, the headlines are obviously written for a certain goal. Yeah. [17:42] If you actually dig into it, it's kind of like, in my opinion, pretty crypto native and pretty interesting story is that the DAO was willing to say, well, we have $50 million, but let's just... [17:54] split it up, you know, not fight anymore and just go about our ways for our own motivations. How much is left in the non-forked Dow treasury and then how much remains in the forked

[18:06] Dow Treasury. [18:07] I can check that for you. So the treasury right now, if you go to nouns.wtf, you can see the treasury for the main OG DAO. [18:15] It is 13,486 ETH. And as far as the fork, when the fork left, they had over 16,000 ETH in their treasury. And as of now, with the amount of people that have left, it's down to 6,180 ETH. So about 10,000 worth of ETH has been siphoned out of that treasury by people who have rage quit and about 6,000 ETH is left for those who have left. [18:41] potentially plan to stay and do something different. [18:44] Okay, so roughly 20 million in the [18:47] treasury og treasury and then [18:50] There was almost 30 million, actually. So the split at the time of the fork was like 16,000 to the forkers and 13,000 remaining in the original DAO. So the fork DAO actually flipped, if you want to look at it that way, you know, flipped the main DAO momentarily. But by three hours later, after many of the early rage quitters had left, their treasury had come down lower than the original. [19:20] Yeah, I like that. So I'm curious. I hear this and it's really amazing to hear that you have a really positive outlook on this and, and. [19:28] seems like it's really in line with your principles of web three and what you think this technology should enable what comes up for me if i was part of this community is sort of a a sense of feeling sad that like there has been sort of an implosion of what the original sort of community was about um that it seems like a lot of people have chosen to gain a profit instead of like building the community and and propagating the meme and doing the work that

[19:58] And then also working within a community, I imagine leading up to this, [20:03] It was pretty tense. I have to imagine people were. That was the worst part. You know, that what you just touched on was the worst part is that for the last six months, none of the parties have been able to do as much of what they wanted nouns to be because it was just this weird stalemate where we didn't know what was going to happen. We didn't know when the fork was going to happen. All of the auctions were being won by arbitrageurs. So we didn't get any price discovery in the bear market. We had no idea what a noun really should be going for. So all that kind of stuff was really kind of frustrating. [20:31] But if we're talking about like feelings first, I think for me, what the fork represents is sort of we traded a bunch of ETH for increased alignment, hopefully, with everybody who stayed because, you know, everybody who stayed in nouns at this point. And again, like that was two thirds of the people who who are in the Dow, they turned down a 36 ETH guaranteed payday in the in the bear market, you know, myself included. And, you know, we all could have some more than others, but I'm sure we all could have used that money in our pocket. [21:01] us it was like [21:02] a principled stand for a lot of us. We do believe in what Nouns is trying to do here. And come hell or high water, maybe we ride it to zero. Who knows? [21:11] Zero or Valhalla. But it just means that there's people committed enough to try to do what Nouns is trying to do and make an impact within the Ethereum community [21:19] community so i think that there's something special about that and i think to me that alignment [21:25] remains to be seen, but I think the alignment is worth the cost because it was going to take a long time for Nounstow to spend that treasury. It was really quite a blessing to have that huge of a treasury from the bull market. And there's at a certain point in time, there's really not a lot of difference in terms of execution between having a $25 million treasury versus a $50 million treasury. You can still do a lot. And if the thesis of Nounstow proves out, which is that if you do amazing things and you support

[21:53] the Web3 community, you support the Ethereum community, you support public goods, and then somehow that value gets captured back in provenance on the blockchain, then nouns will be just fine because the value of nouns should go up in that scenario over time. And if it doesn't, then this was all an experiment and it was fun. Such a measured approach. I really appreciate it. I totally agree. I think that my kind of takeaway from this is that you could [22:23] but the way that you've laid it out, it really feels like a [22:26] very pure expression of what is possible through decentralized governance. And if you're not aligned with the vision of something or your motivations or intentions aren't aligned, then, [22:38] than having a mechanism to leave and [22:43] pave your own path, if you can build consensus to do that, is powerful. And I think that what remains is a very committed group of people that are left in the Dow to see it through. So, I mean, I'm sure it feels and has felt very... [22:58] uh turbulent but honestly from the outside looking in i'm like [23:02] it's a net positive result for I think the folks that are left to be in community with people that they know share their same motivations for and vision for what this thing is. [23:13] If I can double click on something you just said, just really quickly, one thing I think is interesting is sometimes people will ask, well, why would you cave to the arbitrageurs? Why would you implement this fork mechanism just so that they could leave and take their money or what have you? And that's not really the story at all.

[23:43] imagine a different way that this could have gone down [23:45] Maybe these people just slowly accumulated tokens in the dark and nobody knew that they had 51% of the DAO. And then one day they just put up a proposal that said, we're taking it all. Well, at that point, this fork that has been designed would have allowed the honest participants of the DAO who really care about nouns to be the forkers. And we could have been the ones to say, [24:09] you know, maybe 50% or 49% of the DAO doesn't want the DAO to end and doesn't agree with this, you know, this attack, and we're going to leave. And so that is something that's super important, because it could happen in the future. And then we could have left and we could have, you know, formed NounsDAO2 or whatever, and continued on just like maybe Ethereum did after Ethereum Classic in the fork and what have you. And that's a really important mechanism that people don't focus on a lot is that we had to implement this because you don't know when you might be the [24:39] I am so inspired by your commitment to your community and all the work that you guys are doing. I'd love to just end knowing what you think is next. What do you think is next for nouns and for you as a holder? [24:51] I'm excited for the future, even though we don't know really what's next. But one of the things I'm left feeling like after this past year is that maybe, you know, for all the talk of nouns spending a lot, I feel like maybe we didn't even take big enough swings in some instances. We didn't find big enough projects. We didn't find awesome enough ideas to fund because if we had funded 10 more awesome ideas, that arbitrage would have been gone because we would have spent that ETH on something important.

[25:21] we can go out as a group and find just incredible stuff to fund from the community level all the way up to the art level, to the public goods level. And I'm excited to see what NALS can fund and if it's actually possible to build a decentralized brand that slowly accrues value via provenance on the blockchain. And we'll check back, I guess, in five years, 10 years and see if that proved out to be the case. [25:45] - Okay. [25:46] Tony Hawk, thank you so much for joining us and for giving us this briefing. [26:16] true story. I've actually hit them up a few times with very dumb questions about our account and they were so nice and so patient. It just takes a few minutes to get started today at kraken.com backslash boys club. [26:27] Some personal feelings? Personal feelings. I have a small personal note that I... [26:33] want to chat about quickly is [26:35] I have been... [26:37] realizing that the way that we work, [26:40] And anybody who works on the boys club team or in the Dow or in the community, anybody, our way of working is very feelings first. As we all know, we're constantly like, what's your feeling about, how does that make you feel? Like what's, what comes up for you? And like, that is the culture of boys club full stop. And now that we have like more partners and, and,

[27:02] people that we're working with. I've realized I'm really bringing that into the conversation with people. Where the other day I was talking to one of our partners and they were debriefing on something. And I was like, [27:12] So how does that make you feel? And he was like, um... [27:15] Uh, well, and then I was like, Oh, and then I was like, I mean, no worries. He was like, no, yeah, yeah. That, that I, I do feel disappointed. And I was like, Oh, we're weighing into something here. And I was like, Oh man, it's, it's, I'm indoctrinated into a way of being in the work that is really funny. So I love that. I really love that. I feel like maybe, [27:39] Maybe that's the ultimate contribution of Boys Club. Forget all this other media, DAO. This is bullshit. [27:47] It's just some... [27:49] Uh... [27:50] culture of feeling that we're proliferating. We're proliferating feelings. [27:57] Anyway, there's other feelings. What are you thinking about feeling recently? [28:01] I've been thinking and feeling recently that [28:04] Isn't it funny? [28:05] And [28:08] kind of odd that [28:11] I... [28:13] And by extension, Boys Club and by extension, the wider sort of industry that we're operating in. [28:20] Isn't it funny that [28:22] I have... [28:24] Thank you. [28:26] bet my whole life [28:27] professional [28:29] Mm-hmm. [28:30] on this thing called crypto or web 3. - Scary. - And,

[28:37] I have bet the farm on... [28:41] This is a... [28:42] category as a technology, as a movement succeeding. [28:46] And... [28:48] I... [28:49] every once in a while become present to that. [28:53] and think [28:55] alternating thoughts [28:57] Between... [28:57] Am I just such a fucking clown? Or am I a genius, obviously? Right. But it's very present in weeks where the mainstream media headlines are so negative. Like there was a story that came out that was like all NFTs are bullshit, basically. [29:16] And... [29:17] I don't know, like there's camaraderie within the industry and on crypto Twitter or in the Boys Club Discord. [29:23] for example, because we've all staked our professional careers in this industry. So we're all like, wow, crazy. I don't know, whatever. And like, we're having fun with it. But as soon as I [29:32] And I'm like thinking about other colleagues or people that I've known in the past who are like, maybe they're not thinking about me. But if they come across my LinkedIn profile or whatever, and they're like, wow. [29:41] She chose crypto and went all in on crypto. [29:45] I don't know. That's just a feeling. [29:47] I don't have to do anything with that feeling, but it's a feeling that's come up for me recently. Yeah. Yeah, it's really interesting. I have been feeling like a real, especially the last few weeks when we've been on just like a crazy tear of like, [30:00] events and conferences and [30:03] just really busy and shipping a lot and [30:07] That's been really fun and feels really right.

[30:12] And also in community a lot, like in... [30:16] IRL rooms with [30:18] people that we work with that are in the industry that are in boys club, whatever it is. And, um, [30:24] There being a lot of energy and excitement that has felt different from [30:28] than most of the bear market. [30:30] for me. [30:31] where I'm like, oh, sentiment feels... [30:34] like it's shifting and that the tide is turning and that it's not – [30:40] Like, yeah, we're going to be sending this out for another two years. Like it feels like there's [30:45] movement in the right direction. [30:48] And... [30:49] I feel really present to that. [30:52] And then I, are you saying we're so bad? We're so back. [30:58] Um, no, but honestly kind of feels like, okay, maybe we're back. And then I like, [31:03] I get outside of that. [31:05] whether it be in conversation with normal friends who are in crypto or I read it [31:10] Trad headline or whatever. [31:14] I'm struck by how [31:17] how different and divided and [31:22] I have a lot of doubt creeps in about my... [31:26] finger being on the pulse and my relevance to a broader conversation, because I'm like, have I drunk the Kool-Aid or am I just... [31:33] really close to [31:36] It being on the edge and knowing how to have a sense of it because I'm in it or am I in it? And so I can't see that I...

[31:43] Yeah. And brainwashed. You're an unreliable witness. Exactly. So I've been thinking a lot about that. [31:49] I will say that [31:50] especially when I get into rooms where there's incredibly smart people who are working in the space. [31:56] The most recent example was at the RWA Summit. We were talking with Paul Brody, who is the head of blockchain at Ernst & Young. [32:04] a extremely legitimate, credible, credible, [32:08] very smart, very experienced person. [32:11] and having a conversation with him [32:12] and [32:14] In those moments, I'm like... [32:16] There are really smart people who are here, who are thinking about it, who are building, for lack of a better word. [32:24] my conviction is replenished in those moments yeah and that happens a lot like especially in irl spaces where you're going to a conference or you're at a meet up or something and you're like man there's like still there's a lot of people who are really smart and who are here and who are committed to it and it's heartening for me and it it re-ups kind of my thinking about [32:46] why I'm still here. Because I am committed and I'm fully in and I'm fully here even though sometimes it's like I feel crazy for doing that. And anyway, it's just nice to be in moments where [32:58] you're met with people who are so much smarter than you and who are still here. Yeah. And have a ton of conviction. Yeah. Yeah. Um, [33:05] Yeah, something else that comes up for me is I don't... [33:09] feel like I work in crypto. Like, [33:11] describing [33:12] what I do for a living, what my business is or whatever. Like my husband is a...

[33:16] Corporate lawyer. [33:18] He's very... [33:19] Couldn't be more trad. And... [33:22] whenever he like has dinner with the partners or whatever they're like oh so what does your wife do and he's like oh well she uh where she's a [33:29] He has like this line, but like one of the things that he says, like she works in crypto. And I'm like, oh. [33:35] no I don't and he's like yeah you do and I'm like yeah I do but like it's so that [33:42] feels so weird for me for some reason yeah uh i have like a bit of an identity crisis around it but that's okay [33:50] You don't have to work in crypto. I work in boys club. That's what I do. [33:57] Anyway. [34:03] We should start with draft tweets. I have one. I haven't landed the visual for it yet, but it's waiting. Oh, I have one too. I have one too. Okay. Okay, great. Go ahead. I have, uh, the one that I have that's not yet complete, but it will be soon is POV. I'm your mom. And this is the dinner I made you. And it's just gonna be a photo of something stupid that I make for my kids. I feel like that's only funny if you know the type of thing that you guys eat in your [34:33] onions. [34:37] okay this one I'm so happy because I've been wanting to talk to you about it and I've been saving it because I don't want to engage actually on Twitter but I want to talk about it so I'm

[34:48] It's a quote tweet. [34:51] And the tweet... [34:53] is from a problematic figure. [34:55] Very canceled. A fully canceled figure. Okay. And... [35:00] He says... [35:02] "Okay, I'm convinced." [35:04] Let's do it. [35:05] Switch all currency to Bitcoin or anything with a finite amount. No more money printing allowed. [35:11] Just imagine if the government, and he goes on to make this argument about basically... [35:16] transparent, immutable, [35:18] money. [35:20] Okay. And it got quite a bit of activity. [35:24] And... [35:26] This person is Louis C.K., [35:29] Yeah. [35:30] And my quote is, we don't want him on the team with like 100 exclamation points. [35:36] Ha ha ha. [35:38] But I don't want to... I don't want to... I don't want to... I'd have to sage the timeline after. I'd have to sage the whole profile and I can't. Yeah, yeah, yeah. I would strongly advise you not to step into that one, but I do think it's a very funny tweet and I'm surprised that he... [35:56] Went there. [35:57] went there nothing left to lose nothing left to lose let's support crypto all in on bitcoin [36:03] *laughs* [36:05] Can't get worse than this. Crypto. [36:10] okay those are some drafts wow there it is that's boys club we have two podcasts two online where we talk about internet culture and this podcast where we report on some web 3 or emerging tech story and then talk about our feelings the feelings check-in so thank you for listening please like subscribe share send to your friends anything else that's it thank you so much