0:00 but this is the thing about investing gambling all this stuff just whatever you want to call it right the mental in emotional game the endurance that you gotta have it's preparing yourself um for all of that like I'm a lifelong player of the game you could lose battles but like at the end of the day when you leave that's when you lose the war [Music] so our boy dokwon was arrested in Montenegro for false documents we can't say our boy that's your boy bro wait you think do you think do you think they're snatching them up or do you think there was some wrong doing because I I have a bone to pick with this guy dude you guys won't pick with who with dokon Mr doe what's your what's your bone go for it you made a
0:50 weak ass product let her rip ████ I don't know anything about crypto okay but I was invested in Tara Luna and this guy ████ me maybe potentially maybe I can swap my money back though Where's My Money doll yeah yeah so my initial investment dude a 15 15 15 15 17 I'm gonna keep that close to my chest dude uh yeah it's it's a it's a toughie so our boy and every single person in this room's boy we have a special connection with this man yeah I'll say um so they got him for traveling on a fake passport in Montenegro which is a country in the Balkans it's like right by Kosovo which maybe you know about because the United States has been heavily involved in that region since the 90s
1:40 so you probably don't know about it cool so what what was he doing out there like um because I thought he was in Korea Singapore all those things like fleeing or some ████ because he's trying to get caught by the cops or something so there he is he is wanted in South Korea and apparently the United States is interested in extraditing him as well um but I don't know about formal charges who gets first dibs so he that's why he has a fake passwords you can try to like you know sneak sneak around sneak around sneak around um if he was traveling with with fake Indonesian or a fake Costa Rican passport they look at them they're like you don't look Latino yeah and he started speaking Spanish to him and he goes see and that's all he knew how to say how do they catch him that's crazy I don't know it just says that he was using Ford's personal documents so probably that was
2:31 a red flag and then they picked him up from that um and they're he's facing trial currently for forged personal documents not for anything else like a lot of people are kind of taking this news and running with it going like they got him for fraud and all this stuff and stuff nothing's been proven yeah we don't know anything really um we just know they got him for forged personal documents obviously the idea that maybe he's running from something could say could tell you a story yeah it's not a good look not a good look plus it got super fat did he he did you think he's stress eating he's stressed out from all the lies dude where'd he get all those extra calories from do the stress eating or uh he's just eating good oh yeah ████ God damn it yeah he's like ████ I got a billion Lobster extra butter please thank you he better not be yeah he better not be he better be stressed eating dude if I find a
3:21 pleasure eating calories I'm gonna be pissed I thought he kept the terraform Labs together they were working on a comeback terraform Maps is still is still a thing yeah it's still out the steak and rewards to this day my boy that's a fact um chair's not dead hashtag terror's not dead but you know what who cares really like it's just about you know for me it's about moving on what does the market need like I don't know about Tara as a solution particularly to what the market needs right now because I looked at Tara's potentially like okay you know we need things to kind of solve the financial issue that you have in crypto where you can't really use crypto as money very well and Tara was kind of helping to do that for a lot of people um until we got exploded so then you know after we got exploded it turns out
4:11 like it's not very good that's hip-hop for exploded oh ████ yeah I think that's just Steve bro that's just Steve like that Steve for exploded yeah let's see for hip-hop what's the whole thing right now though what's the whole Community talking about like well there's a there's a fracture here right so like there's people who are just like and you know you never know what people are going through so some people hella people lost money right hella people are like yo I believe in the mission of crypto matter the ████ what right and then there's hella people who are like hey I think dokwon's a scapegoat I think that it was an attack from maybe Alameda research who's been tied to what just happened with SPF I mean it clearly was an attack it wasn't I mean you know like he withdrew
5:02 withdrew like it was a clear it got depaked from an attack yeah it was it was attacked but we don't necessarily know exactly where the attack the vector of attack came from it could have been Insider the liquidity was pulled from um um Luna from UST by dokwon we don't know yeah that's true that's the thing and you can see it on the blockchain right you can see addresses and all that stuff but we don't know exactly who owns what I could literally create a crypto address right now so ultimately ultimately when it comes to this entire Saga you know there's still just so much that has to happen but everyone wants to cast judgment and we just don't know enough so you could look at all the terraform Labs addresses right and see money being moved around because they're trying to move money around to back UST with Bitcoin at the time they're turning back with like 3.5 billion dollars of Bitcoin um that was hopefully gonna make up for
5:53 you know any kind of issue that could have happened which happened the year prior to that if you remember in May of a year before Tara died there was an issue with UST maintaining the Peg and the biggest criticism from that was hey we need more reserves what is it back and then they decided to back it by Bitcoin which also became the Achilles heel yeah it was because brilliant concept he told everybody what he was going to do and then he he dared billionaires he actually said billionaires following me try to ████ destroy us because it was just it was just like a real cocky moment real hubris cocky mom yeah the downfall is is a dokwon viewed in the same light as sfb or no are they like villains I would say so as far as writ large in the crypto community a part of the whole villains of crypto
6:45 yeah for now yeah yeah we'll see what happens too I I'm not carrying water for the guy I literally just don't know anything I do think though his bravado and all that was interesting but also attracted way too much attention unnecessary attention why dare people to destroy your project stay low-key dude it's not just you who dies if your project dies right yeah be the unsung hero that just keeps it going keep your head down keep focused you know but there was like he was the sun hero almost there but there were like Wagers that he was putting on he's like he said I'll take this bet yeah fine I'll bet you this you know what I mean it came out there he's talking about a guy who bet him he was like I'll bet I bet you a million dollars it turned to more than that by the way um that Tara will be below like 20 bucks by this time next year and dope one's like I'll take that ████ bet you ████ idiot and you lost it you lost it just put that in escrow basically like a smart contract and then that was paid out when pair of dropped in price
7:36 pretty quickly I know you said that um you don't really there's not enough information out but do you have a prediction of how this is going to unfold like based on what you've seen so far and kind of the patterns of everything uh it's really just one of those things where I do believe that UST was attacked by some entity yeah but was dokwon part of it so so we'll see because I don't know like it could have been Alameda worked with dokwan and put some money on it right now you think he was also also though like when you think about it too it's like even if it was attacked regardless of how even if it was ████ evil intention at the end of the day it's still pointing out a giant flaw in it you know what I mean so like exactly that's just kind of part of any like early adoption development or anything if you really wanted something that actually work out you're gonna get ████ attacked at every corner of every flaw until it's proven that it can work you know even
8:27 when it worked like you know I I people get pissed sometimes about this in the Terry Community but the night that it really died and then I was doing crypto Corner live about it I was just saying hey credit to the attackers like they proved of vulnerability and they explorted the ████ out of it and they're making money off of it and that's how this works sometimes like in a decentralized environment where you're trying to prove that you can be decentralized money you need to be able to sustain attacks multiple attacks from multiple vectors like you need to be able to prove yourself and it was almost like war games but we all got caught in a crossfire and the test is still happening like people like the thing I don't like about crypto is how Evangelical and married they become to their coin absolutely and then as I wear blue merch up and down [Laughter] excited about coins I might like talk
9:19 great about it but I'm not the I mean I'm not like in the same cap as like people who are like they live and die by a certain coin because to me that's just way too devout to me it and I always say this to my crypto Corners I'm like look yes uh it's ironic that I'm sitting here wearing blue merch and I have a woman down and all this ████ but like ultimately at the end of the day this is the coin that I am going to Slit the neck of to feed my family right like I am going like I'm raising it like a little cattle right and then one day when the time comes and I made enough money off of it and it's got enough meat on it I'm I need to cook right and that's just how it works and that doesn't mean the project will be unviable by then or anything like that I I don't anticipate any of that I anticipate growth for it but eventually dude you have to pay yourself for for being right about something and you know
10:10 as much as Luna died we were ████ dead on the whole run up multiples out of our ████ but you got to pay yourself for the work too I didn't do that I didn't pay myself for the word me neither I paid myself a little bit yeah yeah but I actually came up with profit but yeah I mean we left way more on the table and that's what always it haunts you a little bit a lot more on it life changing on the table but there's always the next move ████ but always but this is the thing about investing gambling all this stuff just whatever you want to call it right the mental and emotional game the endurance that you've got to have it's preparing yourself um for all of that like I'm a lifelong player of the game you could lose
11:01 battles but like at the end of the day when you leave that's when you lose the war so I'm still in it baby like I'm still like here to fight another day and it seems like the war is really really losing is it though we're still in it crypto hey as ████ on this crypto is I know you're kidding but it's ████ on as crypto is trillion dollar market cap right like a trillion dollar industry like just Clowning it all you want ████ and crypto haters out there it's worth a trillion dollars out there and even the top 100 right you go all the way down the list and coins that are like number 99 are worth like 300 million like just chill out a little bit I know that like your your uncle thinks crypto sucks and like he's a super smartie but like if you if you understand why this stuff has economic viability why having an independent economy from the economy that kills us
11:52 already um is maybe attractive to a lot of people out there you know that's that's the purpose that's kind of the mission statement that's the hope I'm gonna start investing in the Yuan honestly it seems like you might not be going on a bet you're gonna get out of USD yeah I am I don't know dude I might buy a couple of you go on yeah my USD right now for 0.02 percent of my savings account let's go [Music]
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