Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / Stop Looking for the "Next" One. You’re Already Standing in the Dust $UFD

Transcript

Stop Looking for the "Next" One. You’re Already Standing in the Dust $UFD · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:01
  Good morning Dusters. Welcome to Duster Club.
• 0:04
  Hey, we got some exciting things to talk about today.
• 0:07
  We're going to meet some new people, yes, some new community
• 0:10
  members within Unicorn Fart Dust.
• 0:13
  We've got a powerful statement from the one and only CEO of
• 0:18
  Coinbase, Brian Armstrong. And we're going to look at some
• 0:21
  data from Wall Street that has everything to do what's going on
• 0:25
  right now within UFD. But Speaking of UFD, stop
• 0:29
  looking. You found it.
• 0:33
  Don't you just want to say that to all these people in crypto,
• 0:36
  especially in the meme coin sector, all these.
• 0:39
  I'm looking for the next project that I can rely on.
• 0:42
  I'm looking for the next project that's going to do this well,
• 0:46
  stop looking. You found it, OK.
• 0:49
  We are the one and only. We are the project that you can
• 0:52
  trust. You're the you're you.
• 0:54
  You can be part of our community.
• 0:56
  We are the project 100% created by the people.
• 1:02
  We are the project. I mean, that's what crypto was
• 1:05
  made to be. That's what made crypto think
• 1:08
  about it. Let's go back in time when
• 1:10
  crypto was invented 15 years ago, it was real simple.
• 1:15
  It was real straightforward. I heard Jack Dorsey say it not
• 1:19
  too long ago, right? Bitcoin was was successful
• 1:22
  because of community and because it was deliberate, easy to
• 1:26
  understand. OK.
• 1:27
  And what's happened between then and now?
• 1:30
  A bunch of crazy stuff, basically 3233, I don't know,
• 1:35
  maybe 34 million other cryptos have been created, right?
• 1:40
  A lot of which not all, but a lot of which almost all of them
• 1:44
  created with some weirdness associated with them.
• 1:48
  And the reality is a lot of it has to do with trying to extract
• 1:52
  money from the ecosystem. We aren't about extracting
• 1:55
  money, OK? We aren't.
• 1:57
  We are about building and adding value just like when crypto was
• 2:03
  invented 15 years ago. That's a powerful, powerful
• 2:09
  advantage that we have. It really is guys.
• 2:12
  We are we are on the light beam. We are following the path we
• 2:18
  have our horns pointed straight down the path of what crypto is
• 2:22
  supposed to be the path that was created by Bitcoin essentially
• 2:27
  and many other projects came and deviated off that path, right.
• 2:30
  There's all these temptations on the no we are on the path and I
• 2:35
  think we're on the path to some really great things.
• 2:37
  Let's take a look at this is this going to happen?
• 2:40
  I asked you a simple question and let's pull this up.
• 2:44
  Caught my eye right before we we got live, King Kaus said it's
• 2:48
  about to be a movie. Get ready, right?
• 2:50
  And they show movies in here. I saw this thing when I was in
• 2:53
  Vegas at the Bitcoin conference. Now it says it's all just
• 2:57
  Unicorn. Partner next year.
• 2:59
  That's the sphere. Obviously this is AI, but hey,
• 3:04
  great things happen because of vision, great things happen
• 3:08
  because of imagination. Do you see this?
• 3:11
  I mean, I can see this. I can see this.
• 3:13
  Let's watch. Look at that, they changed it
• 3:17
  again, now it says it's all just Unicorn fart dust with the
• 3:21
  little emojis and everything Vegas never runs out of.
• 3:24
  Look at that, they changed it again.
• 3:28
  Now it says it's all just Unicorn fart dust with.
• 3:32
  The it's all just Unicorn fart dust.
• 3:35
  And don't forget, it is all just Unicorn fart dust when you boil
• 3:39
  it down. Whether you're talking about
• 3:40
  these things, let me pull this out as a as a manner of
• 3:45
  demonstration these things. OK, don't forget Brian Armstrong
• 3:49
  and he's got more to say. Wait till you're here with Brian
• 3:51
  Armstrong. So we're going to talk about
• 3:52
  that the other later. But he also said that this has
• 3:56
  become essentially a meme coin and and we are the meme coin.
• 4:01
  It all, everything truly is in the end Unicorn Fart Dust and we
• 4:06
  are the original Unicorn Fart dust.
• 4:10
  Okay, we got 3 new people to meet ma'am, new you guys, this
• 4:13
  is awesome. What the Unicorn Fart Dust
• 4:15
  community is doing taking our IP, taking our mission, taking
• 4:20
  the the feeling behind our project and making it your own
• 4:24
  in little deviations, creative ways to express your your
• 4:31
  outlook and enthusiasm about Unicorn Fartas.
• 4:35
  We're going to meet three new people.
• 4:36
  We're going to start here with these two characters, Mr. UFD
• 4:42
  Krusty and Mr. UFD Busty. Now Mr. UFD Krusty loves red
• 4:50
  days because you know, that's when we that's when we really
• 4:53
  forge as a community. That's when the beans are on
• 4:56
  sale. Mr. UFD Busty, look at him,
• 4:59
  ma'am, in his big green suit. He loves the green days.
• 5:03
  And our friend then sent the bully in duster, right, Red
• 5:06
  Bear, everything is doomed. Panic, green bowl nonsense.
• 5:10
  We're going vertical, Mr. UFD crusty bear buddy.
• 5:15
  Thanks for the for the for the discounts.
• 5:17
  Mr. UFD busty bowl, my guy, warm up those legs.
• 5:22
  The bear growls, the bull snorts.
• 5:24
  The timeline screams crusty buys, busty vibes, bull smiling
• 5:30
  because at UFD, we don't fear volatility.
• 5:33
  We dress for it. People say that about the silver
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  market and it's also extremely true for the overall crypto
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  market as well that that volatility is a feature of these
• 5:44
  markets, not a bug, right? Volatility is part of the
• 5:48
  process when it comes to crypto volatility, meaning large swings
• 5:52
  up and down, round and round. And we're going to look at some
• 5:55
  other Wall Street, some psychological.
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  I'm going to be, I'll be your friendly neighborhood duster
• 6:00
  psychologist here in a little bit, kind of explaining what you
• 6:04
  may be feeling right now and explaining from a good
• 6:08
  perspective of where we can go. But let's meet another new
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  character within our community. This one's name is Mr. Gnarly.
• 6:19
  We got Rusty, we've got Dusty, we've got, well, so many new
• 6:23
  people. But that is Mr. Gnarly.
• 6:26
  Meet Gnarly, right? Check out his hair, I love it.
• 6:30
  And his UFD surfboard, Gnarly says.
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  What's up my dudes and dudettes, You can call me NAR.
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  You can usually catch me on the beach or shredding some waves
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  with my narwhal mates. When I'm not out on the surf or
• 6:45
  chill accent next to a bonfire, I'm stacking UFD beans.
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  My mantra is simple, it's all Unicorn fart dust.
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  So there he is again, yet another new character.
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  Make sure you go out there and follow him.
• 6:58
  Let's go out. Let's make sure I'm following
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  him. No, he says, I'm not.
• 7:01
  Nope, I am. There we go.
• 7:02
  I'm following Gnarly. I think he put something out yet
• 7:05
  this morning I saw this. Good morning fam NAR.
• 7:09
  Gnarly is sipping his famous coconut milk and coffee before
• 7:13
  the Narwhal Dawn Patrol catches an early set of ways.
• 7:17
  New day. There we go guys.
• 7:18
  This is great that this is happening within our community.
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  People creating things, right? People creating new personas,
• 7:27
  new characters. Keep up the great work, OK?
• 7:29
  We are alive and we are kicking and it's feeling pretty good and
• 7:33
  I love that Gnarly is like our Narwhal ambassador.
• 7:37
  So for all you narwhals out there.
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  And we all matter right from the top holder to the bottom holder.
• 7:43
  But for all you narwhals out there now you've got your own
• 7:45
  ambassador here from Unicorn Fartus, Mr. Gnarly.
• 7:49
  Thank you, Ledger. Don't forget guys, crypto
• 7:52
  security is very, very important.
• 7:56
  Learn from my mistake. Think about crypto security
• 7:59
  before something happens, OK? And Ledger is the best they're
• 8:03
  signer devices. When you couple that with the
• 8:06
  Ledger Wallet app, you really get to experience the future of
• 8:10
  digital asset owners, ownership, and management.
• 8:14
  Thank you, Ledger for sponsoring Ron's basement and making this
• 8:17
  live stream possible. But wait, there's more because
• 8:21
  we do have Moon Pay as a sponsor as well.
• 8:24
  The fintech leader. We talked about adding value in
• 8:29
  crypto, right? These are companies, Moon Pay,
• 8:32
  that are adding value to the crypto ecosystem.
• 8:35
  They're a major on ramp from Fiat into crypto.
• 8:38
  They're also a major on ramp for newbies into the Unicorn Fartus
• 8:42
  project. Probably the most seamless,
• 8:44
  straightforward, easy to understand way for a new person,
• 8:49
  right to convert Fiat into crypto and then use that to get
• 8:53
  into the Unicorn fart dust community.
• 8:55
  So thank you to moon pay. Thank you to Ledger for
• 8:57
  sponsoring Ron's basement. Now, guys, let's move on madman.
• 9:02
  The madman's back. Let's go check on the madman.
• 9:04
  He had something, I thought great to share it with our
• 9:08
  community. He this was a response that he
• 9:12
  put out to a guy who made a kind of a strange video about how to
• 9:15
  get people into crypto. And he said kind of broad
• 9:18
  instructions. I think it would be best if
• 9:20
  newbies knew they had a community where they could learn
• 9:25
  about crypto in a safe and honest environment.
• 9:28
  And guys, that is US. Don't underestimate the power of
• 9:32
  safety, the power of integrity, the power of honesty somewhere
• 9:36
  like UFD, no hype, real community, right?
• 9:40
  And that's true and and we do we do have hype from time to time,
• 9:44
  right? There's exciting things that are
• 9:45
  going on right now. There's exciting things to come.
• 9:48
  That's great. OK, we love hype and and I and I
• 9:52
  know what madman saying, right? But our foundation and I agree
• 9:55
  with madman is not hype. Any projects whose foundation is
• 10:00
  hype. You want me to give you like 29
• 10:03
  million examples, hype and excitement, it is great, but you
• 10:08
  don't build hype and excite or you don't build a foundation,
• 10:12
  excuse me, out of hype and and excitement.
• 10:15
  OK. You build a foundation out of
• 10:18
  trust and and community and relationship in a, in a, in a
• 10:22
  sense of shared purpose that builds the foundation.
• 10:25
  The hype goes on top of that. It's like, it's like if you're
• 10:29
  building the house, right, you don't build your foundation.
• 10:32
  I'm in my basement right now. You might go see the walls.
• 10:35
  They're built out of concrete. That's trust.
• 10:38
  OK? That's that's integrity.
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  That's that's us. That's what we have up above.
• 10:44
  Trust me upstairs, Susie, she's a really great decorator, right?
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  All kinds of fancy stuff on the walls, all that.
• 10:52
  That's the hype. That's great, right?
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  But you don't build the foundation of the house out of
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  fancy pictures and all kinds of stuff she has up there.
• 11:02
  Does that make sense? I hope that sinks in from live
• 11:07
  down here in the basement. When we moved into this house,
• 11:09
  we had one deal and that was that any any any room that had a
• 11:14
  concrete floor, I got to choose how it was decorated.
• 11:17
  So the basement has a concrete floor.
• 11:20
  I get to choose and the garage. OK, but no, seriously, right?
• 11:25
  The foundations are built on trust and the foundations are
• 11:29
  built on a safe, secure environment like our friend the
• 11:33
  madman pointed out. Let's talk about Wall Street
• 11:35
  psychology or how are you feeling?
• 11:38
  I mean, no, let's just be real, right?
• 11:40
  Most people in crypto right now are like, Boo Hoo, it's tough,
• 11:44
  it's hard, all that great stuff. And I understand it is tough, it
• 11:48
  is hard. But let's look at the psychology
• 11:50
  and where we are and where we can go.
• 11:53
  And then we're going to hear from Brian Armstrong.
• 11:55
  Here we go. This was shared by Gigi,
• 11:58
  actually my friend Gigi and hold on, there we go.
• 12:04
  She said at what part of the cycle are we?
• 12:06
  And I've seen this chart many, many times, but maybe you
• 12:10
  haven't. This is a chart of psychology in
• 12:13
  the market, OK, of a market psychology of a market cycle.
• 12:17
  This can apply to stocks, the stock market, gold, silver, but
• 12:22
  it also applies to crypto and cryptocurrency and meme coins as
• 12:26
  well and guys here's where it starts a state of disbelief, OK,
• 12:30
  and this is price see this over here see the price price going
• 12:35
  up and then on the bottom. Obviously it's time.
• 12:38
  Time goes this way, OK, and, and when and when right now, let's
• 12:44
  just go to where we are right now.
• 12:45
  We're probably somewhere down in here, OK, I'll take this off
• 12:49
  somewhere in the anger, panic, anger, depression place, OK,
• 12:55
  overall in the crypto market, but like this shows up here,
• 12:59
  this all it goes in waves and cycle.
• 13:02
  So let's say we're depressed, we're in depression.
• 13:04
  Well, then the next thing we go to is disbelief, OK, When things
• 13:09
  start to get better, but then as you see, follow my line,
• 13:13
  disbelief comes all the way back over here.
• 13:16
  OK, now I'm going to erase all of this and we're in a state of
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  disbelief as things start to get better.
• 13:24
  Then we go to hope. OK?
• 13:27
  Then people go to optimism. No, this rally is real.
• 13:30
  Then people really start to believe.
• 13:33
  OK, then people are thrilled. If you've been around crypto for
• 13:37
  a while, you know what I'm talking about.
• 13:39
  Then you get to a state of euphoria.
• 13:42
  OK, Now remember we are way down here right now.
• 13:46
  I mean, I don't know how you feel about it, but to me it
• 13:48
  feels like, yeah, the overall crypto sector right now is
• 13:52
  probably, I don't want to be negative, but probably in a
• 13:55
  little bit of a state of anger, depression and maybe disbelief
• 14:00
  as well. But as you see, right from the
• 14:03
  mud grows flowers. The good news here is that from
• 14:06
  these periods and look, you know, I'm a silver and gold maxi
• 14:11
  two years ago, three years ago, the silver market was absolutely
• 14:15
  in a state of depression and disbelief and anger, OK?
• 14:19
  And now that's different, that changes and it's and it got to a
• 14:22
  state of euphoria recently and that changes, right?
• 14:25
  So you got to be ready for this. But the good news when it comes
• 14:29
  to crypto is we are probably, in my opinion, from a psychological
• 14:34
  perspective, it, it, it, it can't get too much worse.
• 14:39
  It could, but it can't get too much worse.
• 14:41
  There's a much larger runway for things to get better.
• 14:47
  Much, much. There's a huge runway ahead of
• 14:50
  us for things to get better as opposed to for things to get
• 14:54
  even more challenging than they already are.
• 14:56
  Let's hear what Mr. Brian Armstrong had to say.
• 14:59
  More good news for crypto. And I love that he put this out
• 15:03
  yesterday. He said most people under
• 15:07
  appreciate how large the addressable market is for
• 15:11
  crypto. Crypto is updating the entire
• 15:15
  financial system from trading to payments to lending and more.
• 15:21
  Multiple trillions of dollars of revenue are up for grabs.
• 15:26
  And he just pointed out a big picture powerful point, right?
• 15:30
  Like crypto is in its still in its early phases.
• 15:34
  Crypto is changing the financial world and there's a huge, huge
• 15:38
  runway. That's the theme of the day
• 15:41
  taking off, right? Yeah, huge runway of opportunity
• 15:45
  for more people to come into the world of crypto.
• 15:48
  OK, We are, we are. I mean, I know we're in a little
• 15:51
  bit of a bubble. Not not a bubble price wise, but
• 15:54
  a bubble in terms of like an echo chamber in the world of
• 15:58
  crypto right now, we don't realize that most people aren't
• 16:01
  involved in crypto yet. And as that changes because
• 16:05
  crypto does offer massive benefits to the financial world,
• 16:10
  more people will come in. Everybody loves fun, everybody
• 16:14
  loves memes. When these new people come in
• 16:16
  and they're looking for a safe place and looking for a meme
• 16:20
  coin project, they can trust a project that's been around an OG
• 16:24
  original gangster meme or a blue chip.
• 16:27
  I think that we're going to be an attractive option for new
• 16:31
  people as they continue to come into crypto.
• 16:34
  All right, guys, thanks for being here.
• 16:35
  Don't forget, be good to yourself today.
• 16:37
  That will give you a platform from which to be good to other
• 16:40
  people. I'll do my best.
• 16:42
  You do your best, and I'll look forward to seeing you.
• 16:46
  Yeah, I see you. I'll see you next time.
• 16:49
  Have a good day.