Non Fungible Feelings

[00:00] It's a biker short. It's a crop. It's a cuffing of the sleeves. Yeah, definitely always plan to cuff the sleeves. Or cut the sleeves. Or cut the sleeves. Yeah, go off. I don't care. To you. [00:12] I individually... [00:14] closed 100 plus one 200 plus i can't even remember packages so just know you know and if you were one of the few uh who requested international shipping and we just blindly agreed to without doing a single ounce of research about how much it does 12 bucks we thought [00:31] We got $12. $50. Every international package to Canada, our northern neighbors. Even just there. Like, forget England. And yeah, so. Mistakes were made. Learnings were had. Merch is hot. [00:45] Hello, 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. [00:57] Just boy stuff. [00:59] Dina. [01:00] Boys club. What is it? What are we doing? What is boys club, Natasha? Boys club is a... [01:07] community and social club for women in web 3 welcoming welcoming women into web 3 they're [01:14] them yep and uh how do we do that podcast fence vibes curriculum merch dive in so the water's warm that's boys club if you're here welcome uh you should apply to join our discord you should follow us on instagram and you should get our newsletter at a minimum

[01:33] Those are like sort of the basic steps. So on today's show, we had a really special guest. Oh my gosh, Dan Wu. The sweetest guy. The sweetest guy. And also learned so much. Learning. Learning was happening. Where learning was happening. We signed on. We started talking. And I had this moment of, oh, class is in session. [01:57] I was so here for it. Me too. I was so here for it. A kind teacher, a professor. A gentle teacher he was. [02:03] So thank you. Really liked him. I like really genuinely. I really liked him too. Shout out to Dan Wu. He works at Orca Protocol, which if you're in the Dow land. And he explains a tweet, which is what we do with our guests. And he explained our tweet. Yeah. So Dan came on to explain a funny tweet. So that was Dan. And then we talked about what's happening in our Dow this week. [02:23] NFT moment. Non-fungible moments. For the Boys Club crew and beyond. It's happening. Or if you don't know what a zaddy is... [02:32] Hit me up. I'll let you know. [02:34] That is what's happening in our DAO. Then we talked about feelings. [02:40] And as ever, there's many feelings. There's many feelings and there's no solution. [02:49] So that's today's. Welcome. Yeah. Today's episode. Welcome. Let's get started. [02:57] Dan Wu, welcome to the show. Hello. So Dan is a product manager at Orca Protocol, and he's sort of a master of all this DAO governance and product management stuff that's in our world. So tell us a little bit about Orca before we go into your tweet here.

[03:19] Thank you. [03:19] Sure thing. Yeah. Thanks. Thanks for having me. I'm such a big fan of you guys and everything you're doing in the space. Wow. [03:26] Yeah, I mean, come on now. That's so kind. Orca protocol is... [03:32] kind of the people first protocol within the DAO and governance space. And we're all about the pods. So it's about how do you kind of formalize and recognize these working group squad pod structures that we know need to exist within DAOs and basically give visibility and transparency to those that have [03:53] really decision-making and execution authority within DAOs. Cool. So that's what we're all about. So really quick. [04:00] Pod is that sort of the same thing as like a guild, like a working group of people. Okay, nice. Yes. Yep. That's cool. I love it. [04:08] So, okay, Dan's our guest for Explain This Tweet this week. [04:13] So just as a reminder to all of our listeners, explain this tweet is exactly that. We invite someone on. [04:19] who has tweeted something recently that we find interesting and we get them to explain it to us because we probably don't understand it. Um, and so Dan, uh, tweeted this, [04:32] Uh, on April 11th. It's at it's Dan Wu. [04:38] Stand with men will literally ignore the fact that quote staking rewards and quote yields are just marketing expenses tied to unsustainable unit economics instead of going to therapy. Oh, it's so good. So good. It's a good one. Classic tweet. Okay. So Natasha, what's your level of comprehension for this tweet? Okay. So right off the bat, I know that we're, we're in parody where this is, I love this format.

[05:05] the go to therapy format. It's great. Um, okay. So I have the, [05:11] most [05:13] basic understanding of what staking and yields are in, in defy. My understanding is that they're very risky positions you can take in defy protocols that often have crazy returns. Um, and then by reading this tweet, I thought, Oh, [05:30] There's something going on here that I don't understand about those. Cause I just thought they were like these crazy mechanisms and the returns were just real. And it seems like there's some, some buffering that's going on. It's very, it's very, it's very, so, um, I would say level comprehension is in like a 35, 40% range. Okay. Got it. Low. Got it. Like true. Thank you. Thank you. True comprehension. I could fake it a little bit, but yeah, [05:57] Yeah. [05:57] Do you know what about you? [05:59] Well, I mean, I I work. [06:02] I... [06:03] It's a protocol that is worth the DeFi. So I'm, I'm, I feel like I have a comfort of interest in this explain the tweet, which is I might need to recuse myself. You might be guilty, guilty of this actual tweet. Yeah, I'm a little bit close here, but I'm pretty high, I guess. Um. [06:24] Yeah, I guess one thing that like is not, which I totally get, but I think is really funny to draw attention to is like the fact of like taking risks in crypto and Web3 as like a way to feel alive. I feel like it's something that like is baked into this tweet that I just really appreciate and I feel like should probably be underlined.

[06:45] more often okay dan yeah so dan talk to us explain the suite all right no those are those are all great takes um [06:54] Yeah, so to start, so there's kind of two [06:57] First, I'll just say that like, anytime you basically get to like, [07:02] shit on men is just always a hit. Like, I think as men, as women, and these like anytime you can kind of [07:11] speak to the idiocy of men is always a hit. So, so really that's what this tweet is anchored on, is that. Wow. You said it, not us. Yeah. Yeah. I'll, I'll take the, I'll take the hit for that. I'll take the hit for the team there. Um, so there's, yeah, there's kind of two components to this and I had to do research before we got on, cause I wanted to be able to explain these concepts. Well, it's really kind. Um, the least I could do literally the least I could do. Um, [07:39] So there's staking rewards and then there's yields. And so just a kind of level set on what staking is. [07:46] basically for any decentralized cryptocurrency network, [07:52] they need to make sure that transactions are valid and that nobody is like spending money twice, right? Like that's what blockchains are. It's like this big ledger. And so you have these consensus mechanisms that basically there's like a group of nodes on the network that are [08:08] doing the work to validate transactions. And so there's two major consensus mechanisms today. There's proof of work, which is kind of the OG consensus mechanism that blockchain uses, Ethereum currently uses. And then there's proof of stake, which is kind of the new consensus mechanism, a little more sustainable. Shout out, Selo. Yeah. Shout out. Sorry,

[08:38] So yeah, so proof of stake is the newer consensus mechanism. [08:42] The idea behind proof of stake is that [08:46] Kind of similar proof of work, you need a group of validators that will basically stake collateral, or in the case of Ethereum, [08:54] Ethereum. [08:56] 2.0 post merge, you'll have to stake 32 ETH to be a validator and [09:04] basically when transactions need to be validated at random based on the amount of eth that you've staked [09:11] and the length of time that you've been staking the ETH, [09:14] that will influence whether or not you as a validator are picked to validate a transaction. Okay. So that's how proof of stake is the consensus mechanism works. [09:24] So kind of the key point behind staking really is that it's about kind of, [09:30] it's tied to the performance and the security of [09:33] the Ethereum network, right? Like you need the stakers. [09:37] doing their work so that Ethereum runs and transactions are validated. [09:42] where things have gone awry, [09:44] And this is where [09:46] Wait, can I ask you one question about that? [09:48] Yes, please. So staking rewards. [09:51] are [09:52] individuals. [09:54] who are validating [09:57] that [09:57] proof of [09:59] mistake. [10:01] And then they're getting some sort of compensation for it. [10:04] So yeah, so proof of stake is these validators that have staked their ETH, and they are kind of in a pool of validators that are selected at random. Okay. But based on the amount that they've staked and the time that they've staked their ETH, they're chosen to, you know, cryptographically...

[10:21] validate these transactions on the ETH network. Okay. [10:24] Um, when they do that successfully, they are rewarded. So that's what a staking reward is that they're basically given more, they're given more ETH. Okay. Um, yeah. [10:33] Thank you. [10:34] And on the flip side of that. And they being in like a wallet, a person. Like you. You can be. Me. Yeah, exactly. I just want to make sure. Yeah, totally. This might be your next career pivot. They're actually like recruiting for post-merge for people to be validators, I think. Okay. Thank you. Okay. And so. [10:52] There we go. And so the flip side of getting the rewards is that [10:56] If a node goes down or if you know you're not basically doing your job as a validator, your staked position can also get slashed. Okay. And so there's actually a penalty if you don't do the work needed to be done to support the network. Okay. [11:09] And so this is like the premise of how staking exists. [11:13] now where things have gone awry is that like, [11:16] You have all of these different DeFi protocols and projects and random apps and platforms that are basically providing staking rewards, but they have gone away from like what the term staking really means. [11:30] And so they're... [11:31] really what they're what these projects are talking about is like, [11:36] Thank you. [11:37] Staking is not like when you stake with these people, [11:39] protocols. You're not really staking to secure the performance of the protocol necessarily. So it's kind of been a water, the term's been watered down, I think. And it's really just like,

[11:52] And depending on the project and the protocol, like it could literally just mean like, [11:55] Who knows what they're doing with it, but they're giving you some sort of return. So hence, like it's a market expense. How am I supposed to know the difference? So this is this is so, so helpful, by the way. Like there's a whole other section here to unpack around the merge, which I feel like I hear the bankless guys talk about all the time, but I'm like constantly like the merge happening. So I don't know. Maybe another session we could have about the merge. Okay. So. [12:24] I actually did not know that sometimes when I'm staking, [12:28] I'm not... [12:29] actually [12:30] doing anything. I thought that that's what it was, but like, you're telling me that maybe it's just like, I'm putting my money somewhere and they are happy that I, [12:38] have that money. I think it depends on the project because there's like staking pools. So like as an individual, right, you can like, [12:46] stake in this pool and they kind of do the bundling and then the pool kind of acts as the staker oh i see okay so that's valid okay for like a staying true to staking but then i think there's like there's other protocols that have like [13:00] soft staking programs like what is what does soft staking mean right like so there's there's you got to just like read the fine print because it's gonna be tough for us it's gonna be hard we're gonna be like hey dan thumbs up thumbs down dgens are gonna dgen so yeah um but yeah i think it's

[13:23] It depends. It's very project protocol. Okay. [13:27] And... [13:27] So, [13:30] One thing that as I was reading this, I was like, okay, maybe this is like, [13:34] the returns that people are potentially getting on these rewards, these rewards that people are potentially getting is also part of it that these protocols are trying to [13:46] just attract new customers. And so they're giving you like these crazy returns that you stay on that network or you stay on that protocol. Is that also sort of part of it? [13:54] Yeah. [13:55] Yes. Okay. Yes, definitely. It's like when class pass was like $90 unlimited and then they like totally raised the price. That's what's going to happen. Uber. It's we're in the early days, right? [14:07] Yes, we're in the early days, definitely. And this is like, [14:10] So that was staking rewards. And now to talk about yields. I literally Googled today, where do yields come from? Because I didn't I didn't know. So we're gonna we're gonna kind of start from the beginning. So in DeFi land, when you lend money to a DeFi protocol, you receive yields right as a lender. [14:29] use receiver return um and so after i did my google research there's basically two places where yields come from today for these lenders there's the natural demand from borrowers okay who need money to buy nfts or start businesses or whatever they whatever they want to do there's a [14:50] That money. Yep. [14:52] And then there's another component of yield, which is basically

[14:56] which I believe is the unsustainable [15:00] component of yields today, which is the assumption that [15:04] tokens or equity that you're given for being a lender will grow. So for example, compound protocol, if you lend to compound, you're, [15:13] Thank you. [15:13] you're getting kind of this base yield from that first component, that natural demand on your money. [15:20] then you're also getting comp tokens. [15:23] and this is part of kind of the liquidity mining incentives program that compound has so when you lend [15:29] you're getting these comp tokens in return. Yeah, okay. And you're basically hoping that, [15:35] comp moons and you're kind of banking on that return. And so I, [15:40] Sometimes maybe there will actually be like growth in the token and other times like you might just be a bag holder. [15:48] But people are basically like lending out. [15:51] getting tokens and basically a lot of times you see that people dump the tokens as well so they'll just sell right away um and they're kind of like [16:00] they're just farming their yield farming, right? They're continually lending, getting tokens selling. And that is [16:07] unsustainable because you're yeah as a protocol you're just dishing out tokens and there's no real utility someone's gonna be left holding the bag basically like someone's gonna lose eventually and so it's just like when is that gonna happen [16:21] Are you going to be that person if you're [16:24] doing you are you going to be that probably i'm natasha and i probably definitely are going to be that person um okay so this

[16:32] I think this is, this has been the most informative explain this week. Wow. It really has been great. I mean, no shade to anybody else. No, of course not. Of course not. Everyone brings their special something, but I really have learned a lot here and I I'm so appreciative. Um, okay. [16:46] Instead of going to therapy is just a classic format. So can you talk to me, talk to me about just your moment of genius with, [16:56] sort of tying this all into that meme format, please. Like if it was, was there a moment where you're like, I got it. [17:02] I got this tweet. It, by the way, has killed 819 likes. [17:07] That was a big one. Big one. That's really exciting. That's excellent. Yeah. It's and it's funny just because, you know, you'll spend I know you guys like share your drafts of your tweets. You're like, should I tweet this or not? And sometimes the ones that you care least about are the ones that just blow up for whatever reason. But, um, [17:22] Yeah, I mean, there's multiple components to there's tweets. There's right like shitting on men, [17:26] Which is like classic classic. He's got a thumbs up just so that for the listeners out there. Staking rewards and yield. So that's kind of like a hot topic today where it's like, yeah, this is sustainable. We're kind of in like a sideways market. So like, what is this all about? Um, [17:44] mental health, you know, therapy, right? You've got that kind of component to this as well. Like, that is like prevalent. We need to be talking about that. We do. [17:50] um [17:52] Yeah, I don't know. It just happened. And I just have one last question, which is, so I'm currently getting some yields in a few areas, but one area I'm particularly interested in. You're farming some yields. I'm farming some yields, but I am farming some yields.

[18:08] with stablecoins. And I'm curious your take on like, does that [18:14] feel like a different [18:17] proposition to you or does it feel just as maybe questionable as all these other ones where you're getting... [18:24] You're a yes. I can tell. You're going to be a yes. We'll have to discuss this off record. Okay. Okay. [18:32] Okay. Honestly, honestly, I don't know. I really don't know. [18:35] All I know is what I Googled today, which is the components of what consensus mechanisms are and what are the components of what I really respect that. And that's totally, that's so valuable. So to close us out here, I just want to read another tweet in a similar fashion that that's also very excellent. And, and just close us out with this. Okay. [18:58] Rachel M. Comedy. [19:00] at Rachel and comedy men will literally die for you and then come back three days later instead of going to therapy really good Easter Sunday so good it's timely and it's topical yeah he is um Dan thank you so much Natasha you had 100 [19:17] Oh, I'm at 100. Yeah, I'm at 100 too. Yeah. Yes. Dan, thank you so much for coming on. Really appreciate it. Thank you. This was awesome. All right, take care. Thanks. [19:32] What's going on in our DAO this week? [19:34] We are gearing up for an NFT launch. Drop. What are we going to call it? I don't know. What are we calling it? Drop feels...

[19:43] - Scammy? - Aggressive in a way. Like, you know what I mean? - Yeah, Drop feels to me like [19:50] I don't know. Like very masculine. Yeah. Yeah. Drop it. But then launch feels weird because it's like. Launch is too clinical. Yeah. Technical. [19:59] Moment. An NFT moment. An NFT moment. [20:01] Um, yeah, that's what we're doing in our Dow this week. I mean, for many weeks we've been doing it, but now we're finally... [20:09] getting ready to release it and send it to the world. [20:13] You have been really shepherding this project, so I want to check in. How are you feeling? [20:18] Um... [20:21] I feel like I'm so deep in it that my only fear is that I'm too close to it and that I can't see it objectively because I'm really excited about it. And I think it's really good. And I think the team on it is amazing and has been so thoughtful and... [20:36] it's been a lot of work. So then when it's like actually close to being out in the world, [20:41] there's just like a moment of like, oh, [20:45] So many decisions were made along the way. [20:48] And were those the right decisions to be made? And yeah, [20:52] that's something that comes up for me. [20:55] But I think it looks great. And I think it's really like the website designs look amazing. Like all of it. [21:01] is something I feel proud of. And that feels like a really big win. That feels important. Yeah. What do you think about it? I feel so excited about it. I have one-- [21:10] Fear. Okay, let's hear it. Which is that...

[21:16] Up until this point, Boys Club has sort of come out unscathed. [21:21] around the [21:23] girl bossification discourse. Mm-hmm. [21:27] And I think that's because a lot of different reasons combined. But one big one is that we haven't done an NFT. We haven't had an NFT moment. Yeah. And I think a lot of what... [21:38] these journalists are pulling up. [21:41] these other groups for is... [21:43] that like and i think like that's a big part of each story that i've seen and they're like boys club like events and stuff and for some reason that's like fine yeah yeah but like once you start to do nfts you're like closer to i guess and i guess a scam you have to have the perspective coming in that i guess it's a scam [22:02] And then you're like that the NFT sales like real. [22:06] clear evidence for it being some sort of [22:09] money making, get rich quick. Revenue driving agenda. Yeah. So my fear is that in doing the NFT, that opens us up to a new, it's a new vector of attack for people to have on Boys Club. And [22:26] I'm just very protective of... [22:28] the people and the women in our community and like I just would hate to see [22:32] That weaponized, yeah. Yeah, I hate to say that weaponized because it doesn't, I mean, obviously it doesn't feel true to me. Um, [22:39] But I don't ever... [22:41] Yeah, I just... [22:42] That's my concern. Yeah. I think... [22:45] a major...

[22:47] distinction between what we're doing and other NFT projects is that, [22:52] were gifting. [22:54] Like anybody who's in our actual community is getting it for free. [22:57] And... [22:58] It's really just proof of being early. Like that's what it is. [23:03] There's one tier that that's what it is. Then the other tier is for supporters and people who want to. [23:08] be a part of what we're doing and continue to like, [23:13] expand the mission of Boys Club. Do you actually want to talk a little bit about how [23:17] It's structured. Yeah, totally. So there's two tiers. One tier is called main character. [23:25] And it's a... [23:27] gift to [23:29] the first... [23:31] people in our community. Boys Club originals. Yeah, the just original ladies who are [23:38] supporting and been a part of what we've been building. [23:42] And that's just gas. So, like, basically it's like... [23:45] You're on an allow list and then it's in your wallet and it's like proof of being early, basically. Awesome. [23:51] And you can do whatever you want with it. You can sell it. You can hold it. Like, it's yours. An important distinction is that you don't need it to be in our Discord. [23:59] Yeah. You don't need to be in our discord. You don't need it to be in our discord. Oh, you don't need it to be in our discord. Exactly. Yeah. There's no, we're not, we're not NFT gating anything. It's just something that is representative of that, of being early. And then. [24:14] The next year... [24:16] is called our zaddy tier, which is basically a supporter tier. It's like all of these

[24:23] people who are excited by what we're doing, [24:28] feel [24:29] aligned with the mission of Boys Club, who want to put their money where their mouth is and have... [24:36] something in their wallet that's representative of [24:40] being aligned with us and being... [24:44] a zaddy of our community um every time i see some dude tweet that's like we're the women in web 3 i'm gonna drop a link drop a link be like here you go here's how you do it yeah [24:56] You buy the zaddy chair. You become a supporter. And then we figure out what to do with that money. Right. Because you don't know. You shouldn't be doing it. Yeah. [25:08] And I'm really excited about the structure because we went back and forth a lot with... [25:14] what an NFT moment would look like. Yeah. How did it come together? So we had talked [25:19] You and I had talked a lot about like, okay, it feels like an NFT. Maybe it's NFT as membership. Like for a while, that was really what the conversation was and. [25:28] what we thought was the best approach. [25:31] And then the deeper we got into that, the more we were just like... [25:35] It's not... [25:37] We don't want to be extracting of our community in any way. [25:41] we, we, [25:43] want anybody who's a part of [25:46] Boys club to like, we want a real expansiveness about who can participate and. [25:52] So then it felt like that's not quite right. And then...

[25:56] we... [25:57] got to this like point of, okay, there's actually... [26:02] Let's just gift it. [26:04] But we still want this to be [26:06] that have some value creation and have some revenue come in. [26:10] And then at the same time, there were all of these... [26:12] People who are really wonderful dudes who have been so supportive and so excited about boys club and like genuinely. [26:21] Thank you. [26:22] willing to [26:24] expend like social capital and connections and all of these things to like improve. [26:30] and [26:31] project our, our boys club to their communities. And, [26:37] One of them, Alexander from OpenSea was like, you should just have a tier that there's so many people who want to support what you're doing financially and want to be. [26:46] associated with Boys Club publicly in some way. And so then this supporter tier came about where it was like, OK, [26:52] This is a really clear way for people who... [26:56] love what we're doing to have a representation of that in their wallet. Um, and a proof point that they've put their money where their mouth is around it. [27:03] And I think a note is that it can be individuals, it also can be organizations, and it can be firms, it can be other brands, other Web3 orgs, like that's a lot more. [27:14] of [27:15] sort of what we're thinking about now is who we should sort of invite into the fold that feels, um, mission aligned and value aligns to what we're doing. Yeah. [27:23] So that's let's talk timeline for NFT timeline for NFT. Okay. Here's what you can expect. You, if you are a part of our community, you better get into announcements and give us your wallet address, your ETH wallet address, ASAP, because you have to be on the allow list. So if you're not on the allow list, it's, it's not going to work. So be engaged alert, look out for that,

[27:53] But that's going to be happening May 11th. [27:56] may 11th is also the public launch of the zaddy tier we do have a bit of a secret drop that's happening for the insiders for zaddy so if you want to support us and you want to buy some nfts before that [28:10] slide into the DMS because we're taking some names, but we'll see. I mean, the plan is to sell out. So build the hype, you know, and then we have some utility for the Zeddy chair. Ooh, I would say big utility. Do you want to drop the utility? The utility is that you can come to our parties, which is a fucking hot get. I'm not even joking. I, I man, our event bright and to have access to the invite is a [28:38] pretty extraordinary i sometimes our core team constantly is is reaching out to you and me and be like hey i forgot to register um and is there a spot for me so with the first event being dina permissionless permissionless [28:53] it's going to be it's going to be under the hot florida sun a really fun party that if you have the nft yeah you can do it you can come um shout out to our co-sponsors of the permissionless party which is gonna be so fun [29:07] uh visa meet us meet us and flow carbon again the lineup of people who are involved [29:14] 10 out of 10. Yeah, I think so too. So that's gonna be really fun. Um, more there soon. More there soon. That's what's happening in our dad this week. I think it's a big thing. It's a huge thing. Yeah. So we'll see more, more there, but that's, that's it. That's it.

[29:29] Feelings check-in. Sure. Let's do a feelings check-in. Let's talk about feelings. [29:33] Thank you. [29:34] How are you feeling? [29:37] I am feeling... [29:39] Sick of my feelings. Too many feelings. Too many feelings. I'm tired of my feelings. I wish I had no feelings. I wish I was less in touch with my feelings. I've been in Nashville with Dina. Uh-huh. And... [29:52] It's been so fun and so great. [29:55] And also just any so much time to talk about our feelings. Driving to the coffee shop. We're talking about it. Cleaning up after dinner. I think eating dinner, making dinner, all of that. We're talking about our feelings. I think what it is more than anything is... [30:13] that you and I have a similarity [30:16] in our lives of [30:19] being really emotionally connected to our work. [30:22] Mm-hmm. And- [30:23] That is, I find very rare. [30:26] to have somebody who is like that, like me. And I think a lot of people in my life, [30:34] I drag them, drag them, drag them. I wasn't going to drag. I know I'm totally just joking. [30:43] no a lot of people in my life i can't even remember it was gonna be a compliment of course it was they all have perspective they all have perspective yeah okay anyway and they they don't make their work their entire personality which you do my toxic trait yeah that's 100 your toxic trait so anyway i think that i feel um just completely out of feelings and also completely filled up with them so yeah that's where i'm at um what how are you feeling i'm feeling good

[31:13] got a lot going on. Got a sick kid, got a screaming kid, got two jobs, got some out-of-town guests. [31:23] Wait, you love having us here. I love having you guys here. I love. It actually makes it easier. That's actually... [31:28] That lightens the load. But... [31:32] Yeah, it's just there's a lot going on. There's a lot going on. [31:36] Oh, we shipped out 175 individually hand-packed. [31:43] Pieces of merch. Oh my gosh. The merch. It was exhausting. So I'm feeling good. I'm feeling like there's this... [31:54] there's this thing that's emerged with Boys Club that's like an existential question around what Boys Club is, what Boys Club becomes. And... [32:06] I think that like we could keep just sort of hanging out. [32:10] throwing events, like having fun. And like, that is fine. Um, and fun. And, uh, [32:19] But like there's another side to me, which is like, man, this could this could really be something. Is that something that. [32:27] a media company. Mm-hmm. [32:30] in the shape as seen on... [32:33] Blockworks, [32:35] Bankless. [32:37] Refinery29 is a bad example. Bad. [32:39] They took on venture money, though. They took on venture money. But one of these...

[32:45] types of [32:47] organizations where [32:49] They are... E-news. E-news. The Daily Mail. [32:56] we focus on content. We focus on, um, [33:02] curriculum building out the curriculum for welcoming women to web three i feel like that's been something that we've seen some traction on uh we focus on building up our audience it is a dare i say podcast empire we bring more more folks on lgfg whatever [33:20] and we uh yeah we we we focus i'm still i'm still on lgf which is [33:32] It's so dumb. [33:34] okay i'm sorry okay i'm sorry i'm focused on your feeling [33:41] Um... [33:44] So that's that's one path. One path is media. And yes, and that work. [33:50] I feel like plays to our strengths really well. I feel like plays to the strengths of the community really well. I feel like is naturally what the community, that's a lot of the work that we're starting to sort of gel around and, and, and contributors are starting to like raise their hand and say, they want to do that type of work. Yeah. One thing I'll add is if there feels like a need, [34:09] And there's like a need for it. Yeah. Yeah. It's not a problem that doesn't need a solution. A hammer looking for a nail. Exactly. Yes. It's a nail. It's a nail. And we have the hammer. We're here. Let's go. LGF. It's time to build. So that's one path. And then the second path is something that looks much more like a protocol or a soft, like looking around and looking, like going, going to crypto conferences, looking around and seeing something.

[34:38] basically... [34:40] All these people who have or are building protocols or have built software. For the listener, what's a protocol? [34:49] is basically software that's open source. Okay. [34:52] Don't quote me on that. [34:56] I'm not sure. But I think. Yeah, yeah. Close enough. [35:01] So the question is, [35:04] So I go to these crypto conferences, even in my day job, I'm seeing all the time, all these founders, all these builders, whatever. They are printing money. They are literally printing money, minting money. And there's so much money that comes from like a scaling, scaling software, man, that's been the last defined the last 15 years of. [35:22] the American economy, right? Like that's where there's a lot of money. And I am sort of acknowledging that and recognizing that not from like a selfish greed perspective, but from the perspective of... Greed perspective. Not from a selfish greed perspective. Yeah. But looking at the boys club community and the women who are being attracted to it [35:43] At this point. And... [35:45] Wanting to truly create value for these women. [35:49] And look and like trying to figure out like where is the clear where where can we create value together and. [35:58] you know, software-like stuff. [36:01] there's a lot of money there. And, uh, so I, anyway, the feeling is, um, [36:08] Like I don't want to... Decision. It's a decision. It's... Yeah. It's like I don't... There could be a wrong decision that's made. Yeah. And I feel just a lot of pressure. Yeah. I feel... Yeah. I think the...

[36:21] Like you're saying, the feeling around it is that... [36:24] we could make a bad decision. [36:26] That could cost... [36:28] That would be affect more than just us. Yeah. Like would affect a lot of people. And also like, I don't like to close doors. [36:35] I think that's actually my toxic trait. It is. It is actually, yes. That is actually, wow. I'm having like a moment. I just, I just realized that too. Yeah. Wow. What an unlock. That was an unlock. [36:44] I don't like to close doors. I only like to open them. And I think that like, I have a sense that like we could close the door if we make the wrong choice with this. [36:51] And does that fix me up? It does. Freaked out. I get that. [36:55] I think for me, [36:57] what a clarity I've had around this and even just talking to you in the last hour is that [37:04] Right now, if we go build software right now around a product that we don't have a [37:09] an immense amount of conviction around. [37:12] we are actually closing a door. [37:14] But we can... [37:16] build a media company, build an audience, continue to play to our strengths. [37:23] And then maybe one day we do have a protocol. Maybe one day there's something that we do there. Yeah. When the timing is right, when the product is right, [37:30] all the things align. [37:33] And so... [37:35] I think the urgency around it feels like in the last like two months, there's been this like, [37:39] huge amount of urgency. [37:42] to make a decision. [37:43] And I think that's coming from [37:46] Impending burnout. [37:48] and a lack of clarity around [37:51] where we're headed, what the goals are, what we're doing, and being very reactionary as opposed to proactive and...

[37:59] having setting goals and working towards them. It's like, what is the inbound and where are we going? And [38:06] I think what's been productive about the last few days is like getting some clarity around like what we feel like the goals are and that might help feel less burnout-y. I don't know. [38:17] What do you think? [38:19] That's the hope. We haven't solved it yet. No, no. There's no solve. There's no solve. But we're chipping away at it. [38:26] I think so. I think so. [38:27] I think we're getting somewhere. [38:28] Any other feelings? No. That's it. Feelings out. Feelings down. Yeah. If you were here cooking dinner with me tonight in about an hour and a half, you'll have more feelings. [38:42] Here we are again. [38:44] It's the end of the week. [38:46] How are you feeling about your draft tweets this week? I honestly can't remember what's in here, which is a little scary. [38:54] Um... [38:54] I have one that's very top of mind. Should I start with it? Go for it. Which, the reason it's top of mind, because... [39:00] is because I actually have to do it. Like today, I have to do it. You have to send it. I have to do the thing in the tweet. Okay. But for the record, you're sending your tweet first. You're just sending your tweet. It might not be this one. Okay. [39:10] Gotta book my Botox appointment before permissionless. [39:15] I got to do it. And then I also have to lie to my aesthetician. [39:20] Because she always says, don't go in the sun. [39:23] Oh, well, Florida, here we come. I know. I don't know what to be like. I know. I knew that this was on the books for you because in a meeting the other day, you took it off camera and opened up a tab for Botox. And I was like, oh, my gosh, it's happening. And then I'm in Nashville. And I thought.

[39:42] Maybe I should join. Maybe we get a little Groupon deal. A few of us there. Yeah. It's not a Groupon type place, but... Yeah. It didn't look like it. It looked very... It's very nice. It's very nice. It looked very millennial. Botox. Um... [39:54] So that's my first one. I have another one, but what's yours? Um, okay. [39:59] Men who think being able to do a backflip is a whole personality. [40:04] This is a person. I actually dated that person in high school. [40:10] That sucks. Who's your person? Yeah, it really sucks. Just like so... I grew up in Florida. So many dudes who were like, oh, backflip off into the water. And I'm just like, it's not... Nice. [40:20] Cool. That's pretty good. I like that one. Thank you. [40:24] This is my second. [40:26] You may or may not get this one, actually. Oh, great. I think you'll get it. Okay. When I see POS, like capital P, lowercase O, lowercase capital S, POS, I will never not think piece of shit. [40:41] Okay. POS is... [40:44] Proof of... [40:45] take take yeah look at me i'm learning she's learning um that's funny that's a good one thanks okay next one [40:54] Buying $45 at Aesop soap like a clown emoji. [41:02] I did this the other day. I mean. And I was just like, what am I doing here? That rings true. I go in, I'm like, I want those hand soap with the little beads. The little beads, yeah. And it's like, great. And then it's like, $47.50. Yeah. You want to know what's worse? Yes. Is when you have kids and you put that soap in the bathroom and they like use it like with abandon. Just pumping it. Just pumping. Pumping. And then it like goes in like a week and it's like, goodbye, $50. Wow. I'll never make that mistake again. But yeah. Huge mistake. Yeah. Okay. Okay.

[41:31] Which one, what are we going with? [41:33] Um... [41:36] I think the Botox, permissionless. Permissionless is topical, but the POS one is more... [41:43] I think you do them both. You do one now, you do one later. Okay. Can I just do a little bit of a deferred send? Because we did have some big press hit for my actual day job. Yeah, deferred send. Deferred send. [41:53] I'm going to do deferred send on the POS one. I love that. Okay. Okay. [41:58] See you later. Bye.