if i
can
welcome to gm farcaster bringing you everything from breaking news to spicy memes to the deep lore shaping this vibrant digital community more than just a show gm farcaster is your digital third space where the community connects the stories unfold and the culture thrives whether you're a daily caster or just dropping by we've got the latest buzz to keep you plugged in so grab your coffee and let's dive in with your hosts nanush propp and adrianne for another episode of gm farcaster
gm farcaster i am not nanushkaft and this is not
i'm not adrian nguyen but we are we are taking over the show today
yes we have we're doing a nice little good old fashioned takeover show while manish prav and adrian are on vacation so if you're here for them i would suggest that you put down your computer right now and maybe go outside this is not gonna be your regular gm firecaster
no it won't
maybe that's the reason to stick around though
oh yeah maybe you can you can drop any suggestions we are open to them we might not be able to execute but we'll do our best
and how are you doing this morning naomi
i'm good it's not morning for me actually it's it's afternoon because i'm actually a poor
i totally forgot that
lose a lot of time by the time you guys get up we're like halfway done but yeah
well it's always gm somewhere in the the universe right and so gm forecast will still still works
yes and i always explain it with we are always rising so it doesn't matter
gm that's your mindset gm is a way of life gm is not just
where everybody picking
up yeah
it's like yolo but shorter
alright so yeah i guess like we're gonna take this episode it's gonna be a little bit different i figured if i do a terrible enough job they'll never invite me back and so what i'm gonna do is just try to show as many things as possible and then we'll see how it goes so this is this is the sell out gm firecaster we'll see what it looks like for instance here i have my humankind candle it's actually not lit it it just unlit itself but there we go my humankind candle by samantha on farcaster if you don't have one of these it's amazing she actually delivered it to me yesterday at the pub and yeah nice little this is her scentless candle which i was asking for so if you haven't got a humankind candle you should you should definitely get one
oh and then i i should show something too because look at this oh gosh you can't really see it pretty paper art that i got from christie it's like a flower amazing made of paper so yeah
that is actually awesome it's hard to see with your virtual background though you should you should share that with your
wait i'm i'm just gonna turn off the virtual background so everybody can see the chaos in the background
before you do what is your virtual background
oh it's actually angry khitiv so if i move like this you can see she scrambled all the papers and that's how i feel all the time like i just wanna tear it all apart and then i realized i need a job so yeah
yeah that's the problem with jobs is that they don't really they frown upon tearing everything down
so yeah it's it's like this now you can see it probably
nice and this is also a firecaster creator
yes but i don't know if she made it herself but she sent it all the way to me as a with a postcard so i was very happy
nice good to be and shout out to the postcards channel
yes send postcard to your friends
aren't you gonna ask about my background
of course so tell me about it
well this happens to be another stealth another stealth shill this is from broadcaster creator wanderloots and he's he's actually an interesting person he he quit his job as a lawyer because he burnt out and he takes these lovely photos he just got back from banff and then he also helps people learn how to use ai on youtube so if you haven't checked out his youtube page has some pretty good clips as well so there's my stealth shell and look i get a lovely background out of it too
yeah i think we should have taken some sponsorships
anyways okay should we get into some actual news yeah some actual forecaster news alright let's check it out what do we got here this is a a link that you shared zach xbt you wanna you wanna tell tell us a little bit about what's going on
oh yeah i i just wanted to well share about zach x p t i mean he was he was just sharing a video of some of the victims of his camera called kevin which my brother is also called but he's not the scammer question and he was being recorded as he was doing this scamming he was running a fake security safety safeguard bot in telegram which you know everybody knows those kind of bots that are being annoying when you're doing channels but yeah i just find it interesting that yeah it's it's people being exposed and i think the one thing this relates to is that zach has been doing this work for many many years and i think mostly without actually getting paid for it so mhmm yeah
but i think he has that paid recently
yeah
yeah i wouldn't yeah
yeah recently yes but yeah so i just think it's it's we need more of them i guess more zacks in this world so if you feel like you're up for the task please rise to it
yes yeah i agree i do think we need more zacks in this world because it's scary out there in the crypto space it's like the wild west except way more people are trying to scam you
yeah it's it's pretty true i mean fortunately i i am poor you're poor so i'm not a scammer target only if a american wants to move to europe for some weird reason i could be a target but yeah
it's kinda scary because you're hearing about people getting like kidnapped like the telegram co founder and stuff getting kidnapped for their crypto and she's
like also in in france the ledger founder
mhmm
yeah he he got kidnapped now he's back apparently but he needs medical attention so yeah don't get kidnapped people
more money more problems i just realized that i have a bright sun shining on me so i'm just gonna go ahead and quickly close this such a such a newbie streamer move
yeah alright we don't have sun here that's not a problem
yeah that's that's not the problem exactly great place for streaming alright what about this one it's something from bf
yes i didn't actually know bf but he popped up on my feed and this was something i found very relatable because he was of course talking about twitter like 18 years ago i think you could also probably mention facebook like 15 years ago or whatever they all had had this kind of wholesome innocent vibe where we were just yeah nudging friends or no poking poking that's how it was called poking friends and we were posting silly little pictures when we were in our emo phase or whatever life sucks okay and yeah and then it all turned into a a cesspool of disinformation and yeah i think it's just good to think about that sometimes and to to think about how maybe we make sure that fc doesn't have this right
have you heard of the term intuitification
of course it's by corrie dockshore
yes exactly so i feel like it's playing out all over the place basically if you don't know for those in the audience don't know what intuitification is it's this idea that like these for profit like this kind of profit motive it kind of inevitably leads to a good product turning bad because capitalism is really great at creating amazing things like facebook and twitter and all these like groundbreaking things but that doesn't know it doesn't know to stop it just continues to keep going to start extracting value because every year they've gotta be making their 10% or more if they're vc backed right and so i think you know facebook was kind of victim to this twitter is kind of victim to this farcaster can we avoid it i don't know we'll see we'll have to see let's hope so i mean we're on the gm farcaster show there's at least some cautious optimism for me
yeah for sure i mean and i i don't know for now maybe there's not so much incentive to ensure that i because it's not like it doesn't run on the advertising model which i think was the reason this happened on a lot of these other social networks
well some people would say that things like moxie and are in stratifying the the platform but at the same time it's just like they're so like the platform is so small to be intrittified so i feel like we're just not quite there yet i feel like those are just like let's say figuring out where the network is going kind of thing
yeah we're still too small for intensification problems
that's agreed more money more problems more users more problems i feel like
it could
be small yeah
smells the way
alright back to the shilling let's get less serious yesterday i released something for anyone who's working on their crypto taxes and it is just an income tax calculator it's free which is nice fast free flexible i will i will give you the alpha on this we released it 2 years ago because people at bankless dao like got a huge tax bill because they were like oh i earned all this bank and now i have to pay taxes oh my god and the token price went from here to here so now i have to like give away way more of these tokens so that's why we built it and then this year i just added every token incoming and outgoing and gas expenses and so the nice thing about this little product taxman@duck@bcard.io
is that you can do your taxes and it'll automatically convert to your fiat and then you can get a csv and you can do whatever you want with that if you don't have a lot of transactions and you don't wanna spend like $250 on a crypto tax calculator this is probably a good alternative for you good free alternative
yes i i just never sell so i can avoid doing my taxes on crypto
actually i
i think it's not a great strategy but yeah i think even if you're swapping here it's like a tax taxable event i think so we were we were wondering about that like if you go from ethereum optimism to ether or mainnet is this a taxable event does this reset the like 1 year holding period it's like yeah who knows
yeah in canada as soon if you get an airdrop it's considered income
yeah that's what you have
to pay on airdrops anytime you're getting your degen tips that's income so even before you sell it which means that like usually whenever i get anything i sell like 25% right away to pay for taxes
yeah but what
and i'm getting everyone stressed out so let's go to a slightly i mean this i'm i thought this would be like a slightly like let's see chiller vibe show i see that it's a losing my idealism post and maybe we're gonna get it
done tumborism so i mean
so yeah this was for me since we're shelling ourself and i'm just gonna read this for people who might just listen i've seen this sentiment on the timeline for a few weeks and i'm always battling with not losing my idealism in crypto anyway and especially when it just seems we are running after faster bigger better and we never ask why and what kind of future do we even want and the trigger for me to write that was i was at an ai agent event and i asked the panelist like if they had any positive vision for humans online because they were all talking about how these billions of ai agents are gonna run on the web and yeah and they were just blanking they really had no answer so then i was like okay well this is just another one of those things i mean it it's also now everybody is cheering for certain political figures and i'm not all convinced that they're gonna be great i mean maybe for your backs in the short term and yeah so so i was just writing this as a as a sort of like yeah cartage this get it out i mean i haven't lost it yet i'm still here because i believe that we can build better and maybe we can build an alternative to the existing system instead of joining and becoming part of the state mafia but yeah i think this is something that most people don't talk about in crypto that it's really hard and maybe this relates back to zach as well because he said integrity doesn't really pay and i think i've seen that too many times to yeah still believe that in a sense
it's true and i think like as well i mean so i go through waves of losing and regaining my idealism i call it my innocence but i think it's kind of similar right like i wanna build it in a way that i wanna build it i wanna like do the thing that i wanna do and it can be really hard right because like the people who are succeeding and if you're on my youtube feed all this machiavelli stuff came up recently like the history and stuff like that and just like basically machiavelli said that nice if you're an idealist you will lose you should like have that in mind but you should act or know how these like rule breakers or rule benders will will work so it can be tough and it's one of the reasons i actually really like farcaster is because at least there are other people who are idealists in the space you know they're they're building not just for their bags but because they believe that they can make a better world
yeah and i mean most of the people never read machiavelli because i think he also said if you can escape state power you should so i mean he didn't say become the despotic ruler yourself
oh yeah but yeah can't expect that from people on twitter to read their sources
yeah expecting people to read not in this day and age now ai reads for them
yeah it also makes decisions for them
alright so this from me back to back again to the warp to the farcaster news so this is actually pretty useful they're making their war cast spam dataset public over 400,000 accounts have been processed by our model which determines the accounts that are most likely to generate inauthentic content or unwanted notifications and this is really great for any developer who's building on the forecasting network because i don't know if you've noticed if you go on to other other clients they do exist right sometimes there's way more spammy users there's way more you'll you'll see there's more notifications and engagement but just like bots auto liking your posts and that kind of thing so this gives developers another tool in their toolbox to actually build other clients which i think is pretty great especially considering how difficult it is to get a good spam model using using the machine learning algorithm that they're doing right like it's a professional spam filter for anyone who's using warp cast fids that's pretty cool i thought that was interesting yeah any comments on that
nothing smarter than you just said so alright let's just leave it at that
well so here's some alpha i think it's some alpha so yesterday dan romero posted if you're swapping greater than 3 days per week reply to this cast usually he does that when he's looking for feature input and so i mean does this mean that warped cast is gonna have native swaps in it soon
who knows
what do you how do you feel about maybe
everybody will have a token and then if you click on their profile pic you're just gonna swap with theirs i don't know but yeah i mean it it could be right it it kind of makes sense because that's ultimately what all of these social platforms want i mean there was like speculation back in the day when elon bought a a twitter that he wanted to somehow combine it with paypal and then get the payments in because people are already verified on there and stuff like that i mean it makes sense and people people mint nfts people mint nfts and feed why wouldn't they swap in the feed you know
yeah exactly and they have those token links which i feel like are a building block towards this right okay i mean i definitely think as well if you if you look at the alpha not the alpha but the narrative that dan recently asked people to push on twitter which was go to farcaster to make money and make them make friends too which like i know i don't really feel so great about that narrative either but if you put that
with the token to get rid of this
exactly yeah
that's what comes after this stage but like there's not something that
completely if you're only buying tokens from like if you're only if you're getting a token link from someone you trust like naomi if you posted a token link and you're like hey get this thing and i click on it and i can immediately swap and you know work cast is probably gonna take a fee but am i gonna feel rugged if something happens to that token maybe but it's less likely to happen than some random person on twitter because hopefully there's the social graph to help you i think that's probably the argument they would make yeah i don't know i'm not a i'm not a big fan of this kind of like make money on farcaster framing yeah but i i i do think that that meme coin mania is is something that that merkle manufactory is gonna lean into
yeah i mean the problem is if you put the monetary incentive usually you that's like the crowding out effect right you put like money onto something that people used to do intrinsically and you kind of ruin it so yes but i mean i guess these people would have never joined farfetch'd in the 1st place so maybe
yeah so it's funny too because they're like they're basically trying to vampire attack crypto twitter right like they they wanna get they're the twitter people here and i'm kinda like they can stay there right like that that's fine let's get different people here
i actually like what we had no don't ruin it yeah sure
so i don't wanna get into the glory days thinking but yeah
once upon a time there was a aristocracy yeah which adrienne is part of i've heard but she denies it which is
adrienne is definitely a aristocracy and i think she told me that the other day that if you're not part of the aristocracy it completely defines your your self worth that's that's what she said right
yeah did she also say we should eat cake probably right
yes definitely she said we should no she said the others should eat cake
ah okay yeah sure we'll eat
cake alright coming up in a couple of hours is a new revealing of a of a membership structure at a dao that i'm part of it used to be called bankless dao until bankless rugged the brand as happens in the space rugs abound and so we had to do we had to come up with a new dao name i think you you probably know that i've been working on this black flag brand on warpcast if you haven't seen it into the black black flag space and what they are using now the new membership structure a little bit of alpha i probably shouldn't be giving it away but the same mechanism that i'm using to fund in real life events they're gonna be using to to have dao members so basically members will deposit usdc into a pool together pool and instead of normally pool together works it's it's a lottery they're not supposed to say lottery but essentially it's a lottery like everyone pulls together their funds and then randomly some people are picked to get the yield from those funds instead the yield is gonna go to the dao and they're gonna use that to like run things and then the members can you know put in or or or take out their funds permissionously so pretty cool it's a mechanism i worked on as well which is pretty fun so i think it's gonna be starting in about 2 hours if i'm not mistaken so if you're interested in that kind of thing come on down
nice i like the mechanism i've always thought like it's kind of a shame that people only like earn yield for themselves when you can just and it it it's like probably an easier ask to ask somebody hey you can lock your eth and the yield in part is going to to like a good cause or something easier than asking for money straight up
yeah like that's what they're doing in some i mean so we're doing it i guess like in the blacklight collective we're doing it to fund in real life events and then glow dollar does it like i don't know if you know usd glow it's like a token it's a stable coin and you can if you hold it basically they are taking the yield from those fiat funds that they have deposited and they're giving those out to public goods and then you know there's a bunch of other groups doing this including octant and and stuff as well so i do think that there is some appetite to do that and maybe the next wave of daos will be more likely to do that because i do think like the permissionless nature of like putting in your like donating your yield on a monthly basis is more sustainable than something like hey i'm gonna pay like a $20 kind of monthly a $20 kind of monthly fee to to be part of this dao i feel like donating your yield is a is an easier is an easier sell
definitely
alright so marv p has episode 3 of his of his podcast which is is this the new internet and it's all about the new internet economy so so far he's talked to samantha at humankind he's talked to wanderloots at who's doing these youtube videos and also making money on youtube and this one i haven't listened to yet but it is lisan al gaib also someone from toronto so yeah i mean you can you can count this as another show i'm showing for marv but it is an interesting podcast and he's got a nice nice podcast voice so check it out if i were you
so it's like toronto sponsored by toronto the show today
yeah it's sponsored by yeah
we are we are still in canada
exactly
wanna stay to the us these days come to canada no
you you you better get your shows in now before the tariffs kick in because then otherwise no one's gonna have to put you through
kidding to doing work no order all your humankind kindles now if you are in the us
so crypto will not be affected anyone who's exempting crypto payments will not be affected by these tariffs or we shall see
yeah we shall see until trump finds out crypto can go up
alright so i am increasing the price of of toronto in that certain person who's looking to buy canada by shilling right here right now there you go
yeah it's it's valuable real estate it's getting it it's in a bonding curve more bidders more expensive
exactly okay we can get if we can get brazil or india to to to join on the bidding we should be we should end up pretty good alright this one from ted i actually i actually posted this because i thought you would like it naomi so this one have you seen this one naomi nice yeah so launched a art connections game and it's kinda like similar to like connections game on new york times except it's like with art and so pretty interesting and also they're using pretty so not bad you get an nft like so you do the lynx game and then you get an nft if you if you complete it which i think is pretty cool and they have a new game every
day oh yeah i see well we should do that let's see how who who can have a streak of nft
i tried that last night it was pretty i mean i'll i'll be honest it's not a fun game it's not a very fun game for me but there was a lot of interesting the reason why it wasn't fun was because the the link yesterday was all mediums so it was just like what is the link between these two paintings like iron and it's just like oh boring
oh i see it yeah
so like they had like oh van gogh painted these two paintings or these two paintings are both done like by impressionists or something like that so they do have other kinds of links
okay i'll check it out see if i can get an nft
alright so this was interesting to me and you can see i i i replied don't tease me bro because w here will from splits has has kai was kinda giving some some alpha on this he says the day walletconnect dies is the day we get good ux hopefully that's from samuel huber and then will said something like soon and then he talks about l twos plus plaskeys plus web connect so does that mean that splits is working on something to replace walletconnect i mean i would love it but i don't really see how it's technically possible yet even with his just small description
i don't know i just know everybody hates walletconnect so it's kind of and it's funny we we are just like okay we're hating wallet connect for all these years nobody fixes it so i mean it's about time but will it happen soon we will find out
yeah it's it's tough right because it's the best option that we have like the alternative of nothing is worse right but that's because it's like difficult to use because just the the way that the standard is set up and the way they have to set it up and the technical solution itself is is kind of difficult yeah it's it's kind of a shitty experience and in fact you probably wouldn't be able to get away with that experience for like a full consumer app right and it's why a lot of like apps that have had consumer success they they typically have embedded wallets in them so that you don't have to deal with that kind of walletconnect shenanigans
anyways it's if they fix the app i think everybody's gonna love them
yeah i already like them i already like what they're doing and if they do something about walletconnect i'll go i'll i'll be pretty bullish blitz i'm already pretty bullish i mean they recently hired matthew of events dot x y z fame so we'll see
okay up only now
exactly now at this point it's up only
up only if they hire matthew he knows how to bake bread i think
matthew does i'm actually learning to bake bread tomorrow we'll see
nice okay now we're talking vitalik recently become my lady
yes so vitalik is in his wartime eth arc and he's he's rocking a mokini so he he talks about here about the risk of political coins basically the fact that they're a perfect bribery vehicle that's that's those are his exact words because trump he can release a trump coin and then people can make that value go up he's holding 80% of the coin people can make it a market cap of 26,000,000,000 hey you know what tiktok can buy a bunch of those coins if they wanted to if they wanted to pay donald trump without without paying donald trump and the liability and the obfuscation of that could be pretty pretty let's say detrimental to our politics now i mean it's no it's it's already like in the united states you're already allowed to donate unlimited amounts of money to political packs right and so yeah money's in politics already and that's been since like citizens united i feel like 15 years ago so yeah there's like some sort of yeah let's just say that there's a there's adding tokens to this just means that there's more avenues for money in politics and more avenues to kind of obfuscate where that money's coming from although pacs are already doing it quite a bit
yeah i i don't know i still don't understand why they had an inauguration fund like i'm totally lost when it comes to american politics and money i'm like how is this legal but yeah it is and now anyway crime is legal so
yeah crime is legal
do whatever you want
because yes
to the us to do whatever you want and don't do it like wherever if you live outside
yeah in the us yeah actually so i i remember when i traveled from france to the us i was staying in france for 3 3 months and i traveled to the us west coast and the difference in the culture to me could be summed up with this in france you're allowed to be poor but you cannot be fat that's frowned upon but in the us you're allowed to be fat but you can't be poor that's looked down upon right so that's just the difference in the culture
the same in asia if you're fat you're just gonna get bullied until you're sad enough to lose weight
there you go so the us has has some has some in touch with asia and this is one of the links that you put in right
yeah i figured we should put a meme because it's friday
that makes sense
well i mean it it's basically just the bell curve meme but they added another bell curve for the people who might not see it so on the very left side there's one of those voice that's trying to put a cube into like the wrong hole like this games you give a baby to learn different shapes right and it all of them say forecast is good for ethereum which i think yeah
except for this guy this guy is bad this guy is stuck in the yeah
the the the stupid guy is saying forecast is bad but everybody else agrees it's good yeah i don't know what do you think is farfetch so good for ethereum i mean i think all of the apps that are working and had people and attention are good for ethereum so i don't understand that people would even say that
yeah i think like there was this like someone in the past saying like oh those people should be in the trenches here on twitter and and they shouldn't be on farcaster like they're we're losing attention for eth the token and it's just like yeah because people are just quietly building good shit and i think that that's not a bad thing right like there's a a protocol that actually creates adoption for blockchain under the hood and exposes people to potential blockchain tools and use cases that they like of course that's good not just for ethereum but for the entire blockchain space
yeah i guess this some people were saying it's like its own bubble but i mean every social network has its own bubble so yeah
alright
yep
i feel like that's the last link do you have any do you have any other links
no i have no more links you're you're the guy with the links
so they call me they call me links and not just because i like to golf
no worries you know actually in german links means left
does it no because i like to go left
it's like an ace with links
i'm not an ambi turner i can only i can only turn left i'm not an ambi turner
only left
so how do you think that this takeover went naomi
i don't know i think we did pretty well we forgot to get like $1,000,000,000 sponsorship deals but hey who should we show please if you want to sponsor gmfc please do it especially after you fix waterconnect but but even without fixing waterconnect i mean yeah
it's true yeah we take money seriously actually that was the tagline from money
you can also send it to my ens it's one of the reasons i have one no exactly i don't know if you saw it but on on twitter there was the the one of these big eric's he dropped his ens he was like i'm done with this
yeah he says like i'm i'm moving all of my money to base i'm done with ethereum i'm moving my money to base
that was hilarious because then eric wall he was like hey look i found a new ena who's that guy they're the famous bitcoin guy so we need those people also in fc to do their jokes
exactly
yeah they they joined
us
but yeah i think we did alright let's see if they let us back on eventually
i i i was aiming i was aiming to to like burn the bridge right like i was aiming to to to
oh really
some you know like you know just not do the same kind of job and so that we could just see like
your your your code for fishing
see and that requires advanced operation which i did not do anyways this has been this has been the takeover episode of gm farcaster thank you very much to everyone who's been here thank you so much to professor and adrian for giving us your platform to to show all of our friends in toronto thank you very much of course to you naomi for co hosting with me
but but look i also have a oh gosh you can't see it kiwi ring i wanted to show kiwi but doesn't work you can't solve it out but it has lights on it so so it it changes colors
anyway thanks everybody for listening we will see you again i think we will be back in the chat next time
yes if you if you don't see us on the screen it will be in the chat
we'll be demoted to the chat again
yes exactly are you gonna say bye bye or should i say bye bye
you should say bye bye because you did all of the hard work i was just along for the ride
alright i don't agree with that but i do wanna say bye bye so bye bye