Discusses the rise of consumer crypto driven by Gen Z and Gen Alpha, their online behavior, need for dopamine hits, and making money full-time.

The Rise of Consumer Crypto

Discusses the potential of making money off crypto apps and the announcement of a documentary, Minimum Viable Product.

Crypto Apps and Startups

Discusses the experience at Bitcoin Nashville, the dominance of miners in the ecosystem, and the absence of Ethereum and Solana people.

Crypto Conferences and Events

Describes the closing ceremony for the ETH ETF launch, the presence of Ethereum community members, and the ringing of the bell at the New York Stock Exchange.

ETH ETF Launch Ceremony

Discusses the technology and distribution of stock exchanges, including the use of specialized hardware and the role of Flashboys in the traditional market.

Evolution of Stock Exchanges

Addresses misconceptions about high-frequency traders and their impact on the market, as well as the sensationalism around the topic.

Misconceptions about High-Frequency Traders

Explores generational trends in social media usage, the rise of anxiety and depression among teenagers, and the impact of social media on mental health.

Generational Trends and Social Media

Discusses the influence of Gen Z and Gen Alpha on consumer crypto products, the rejection of traditional work norms, and the role of content creation and crypto apps.

The Future of Consumer Crypto

Examines the emergence of NFT subcultures such as Malay, retardios, and the generational divide in the adoption of different NFT collections.

NFT Subcultures and Generational Divide

Shares insights on Trump's statements, the potential fulfillment of promises, and the impact of his stance on Bitcoin and crypto.

Political Insights and Speculation

Discussion on Kamala Harris's strategic approach, brand building, and policy development

Kamala Harris Brand Building Phase

Analysis of Kamala Harris's political stance on crypto and the likelihood of her support

Kamala Harris's Stance on Crypto

Discussion on the potential impact of crypto on swing states and the election outcome

Political Impact of Crypto

Analysis of the SEC's stance on Solana ETF and the future of Solana ETF

Solana ETF and SEC's Stance

Analysis of startup buzzwords trends and categories over the years

Startup Buzzwords Analysis

Discussion on the current state and trends in the DeFi space and the need for consumer-related products

DeFi Space Analysis

Comparison of Ethereum and Solana's commercial focus and the impact of consensus on Ethereum's growth

Ethereum vs. Solana and Consensus

Discussion on the future of Ethereum, the need for commercial focus, and Vitalik's role

Future of Ethereum and Commercial Focus

Analysis of Avalanche's focus on enterprise blockchain and real-world use cases

Avalanche's Enterprise Blockchain Focus

Discussion on the shift from questioning why crypto to why not crypto and the potential use cases for blockchain technology.

Why Crypto?

Exploring the concept of putting license plates on the blockchain as NFTs and discussing the potential for property deeds on a blockchain.

Blockchain Use Cases

Analyzing the potential launch of a token by Polymarket and the competition in prediction markets, including the trustworthiness of polls and prediction markets.

Polymarket and Prediction Markets

Discussion on the consensus and uncertainty surrounding the potential outcome of the next election, including the comparison to past elections.

Trump's Election

Speculation about the involvement of individuals in the cryptocurrency industry in politics, including potential roles and alignments.

Politics and Cryptocurrency

Previewing the documentary trailer and discussing the content, followed by the conclusion of the transcript.

Documentary Trailer and Good Game Podcast

- The video discusses the potential of consumer crypto being driven by Gen Z and Gen Alpha with short attention spans and a need for dopamine hits
- It suggests that content creation and making money off crypto apps are potential startup ideas
- The video also mentions a recent Bitcoin conference and the launch of an Ethereum ETF on the New York Stock Exchange
- It also touches on the technology behind stock exchanges and the term "Flashboys"

- The speaker discusses the book "Flashboys" by Michael Lewis, which he believes is misinformed about high-frequency traders in the market
- The speaker also mentions the shift in work fulfillment for Millennials and Gen Z, with a focus on content creation and self-employment
- They also discuss the generational use of social media platforms, with Gen Z primarily using Snapchat and TikTok
- The speaker notes a concerning trend of increased anxiety, depression, and ADHD in teenagers since 2012

- The speaker discusses the rise in anxiety and short attention spans in the younger generation
- They link this to the launch of smartphones in 2010 and the increase in mental illness among college students
- They believe that crypto products will exacerbate these issues
- The speaker also discusses the influence of different NFT collections on different generations
- They also briefly mention Trump's comments on Bitcoin and crypto

- The speaker believes that Elon Musk will fulfill his promises on Bitcoin and crypto because he is making a lot of money from it.
- Kamala Harris is taking a strategic approach to building her brand and is still figuring out her policies and messaging.
- There is doubt about whether Harris will be supportive of crypto due to her leftist political stance.
- The SEC has no appetite for approving any ETF outside of Bitcoin and Ethereum, making the approval of a Solana ETF unlikely in the near future.
- The speaker discusses the rise and fall of privacy-related buzzwords and UX-related buzzwords in the startup industry.
- The interest in Metaverse and NFTs has declined, while SocialFi and meme coins have seen an uptick.

- The speaker discusses various trends in the cryptocurrency space, including social media upticks, prediction markets, DeFi, scaling, and Ethereum vs. Solana
- They note a lack of new innovations in DeFi and a shift towards consumer-related products
- The speaker also discusses the impact of ConsenSys spinning out from Ethereum and the implications for the growth of the ecosystem
- They highlight the need for a centralized force to drive growth in the Ethereum ecosystem, which they believe has been delegated to layer twos, with Base being a potential solution for this.

- The discussion is about the development of smart wallets and infrastructure for base, with the argument that it is being done from a selfish point of view, not for the benefit of Ethereum.
- There is a comparison with Solana and the suggestion that base is becoming more like Ethereum, but not necessarily for the growth of the Ethereum ecosystem.
- The conversation also touches on Vitalik's involvement in Ethereum and the need for a more commercially minded approach for the platform to succeed.
- There is mention of California DMV digitizing IDs and the use of NFTs on the Avalanche blockchain for vehicle titles.

- The conversation revolves around the use of blockchain in enterprise sales
- The potential of using blockchain for license plates and property deeds is discussed
- The likelihood of Polymarket launching a token is debated
- The trustworthiness of prediction markets and their odds for the 2024 presidential election are analyzed
- The possibility of Ryan Selkis getting involved in politics is mentioned

- The video discusses the potential of consumer crypto being driven by Gen Z and Gen Alpha with short attention spans and a need for dopamine hits
- Content creation and making money off crypto apps are potential startup ideas
- Recent Bitcoin conference and launch of Ethereum ETF on NYSE are mentioned
- Technology behind stock exchanges and "Flashboys" is discussed
- Shift in work fulfillment for Millennials and Gen Z, focusing on content creation and self-employment
- Generational use of social media platforms and concerning trend of increased anxiety, depression, and ADHD in teenagers
- Influence of different NFT collections on different generations and Trump's comments on Bitcoin and crypto
- Doubt about Kamala Harris' support of crypto due to her leftist political stance
- SEC's reluctance to approve ETFs outside of Bitcoin and Ethereum
- Rise and fall of privacy-related and UX-related buzzwords in the startup industry
- Trends in the cryptocurrency space, including SocialFi and meme coins
- Lack of new innovations in DeFi and impact of ConsenSys spinning out from Ethereum
- Need for a centralized force to drive growth in the Ethereum ecosystem
- Development of smart wallets and infrastructure for base, with comparison to Solana
- Vitalik's involvement in Ethereum and use of blockchain in enterprise sales
- Potential use of blockchain for license plates and property deeds
- Trustworthiness of prediction markets and odds for the 2024 presidential election
- Possibility of Ryan Selkis getting involved in politics is mentioned"""

- Announcement of second trailer for documentary "minimum viable product"
- First episode to be released next week
- Discussion on crypto and speculation
- Excitement for upcoming launch
- Reminder to subscribe to the podcast

- Second trailer for documentary "minimum viable product" announced
- First episode to be released next week
- Discussion on crypto and speculation
- Excitement for upcoming launch
- Reminder to subscribe to the podcast

Imran and Qiao sat down to discuss how Gen Z and Alpha will shape the future of crypto.
No BS crypto insights for founders.

Timestamps

00:00 Intro
00:41 MVP 2nd Trailer
01:42 Qiao's Bitcoin Nashville Experience
03:47 The Trump Speech
04:54 Is Trump's Speech at BTC Nashville Top Signal?
05:16 Imran's Experience at the ETH ETF Launch Closing Ceremony
07:59 NYSE and Nasdaq's Technology is Pretty Hardcore
09:58 Flash Boys
11:54 "Millenials and Genz have given up on finding fulfillment at work"
17:53 "Every social network is generational"
18:47 What Social App Does Gen Alpha Use?
19:25 "Teenage anxiety, depression, suicide, and ADHD went up to 2 or 3 fold since 2012"
23:53 Speculation vs. Real-World Use Case
24:55 Ranking NFT Collections by Generation
27:52 Wanna Talk About Politics?
28:39 "On day 1, I will fire Gary Gensler" - Trump
29:13 Trump is Telling Us What We Want to Hear
30:04 We Don't Know What Kamala Harris Stands For
30:42 Is Kamala Harris Anti Crypto?
32:17 "Whoever owns crypto will likely win the election" - Mark Cuban
34:35 SEC Moves to Amend Complaint Against Binance
36:17 Alliance's Dashboard for Crypto Buzzwords
37:10 Privacy related
38:15 UX related
39:04 Consumer related
40:34 Trading
41:08 Scaling
51:52 Yield
41:59 RWA
43:45 Ethereum vs. Solana
49:14 Base is Becoming Ethereum
52:01 Imran Bearish Ethereum?
54:08 Ethereum - The Tragedy of Going Decentralized Too Soon
54:55 There are Signs of War Mode Vitalik
57:36 An Ecosystem Emergin on Top of Pump
58:11 Tokenizing License Plates in the Form of NFTs
59:11 Avalanche Focusing on Boomer Institutions
01:01:16 Will Base Launch a Token?
01:01:40 Will Polymarket Launch a Token?
01:03:03 Polymarket Might Focus on Sports?
01:04:20 Polls vs. Prediction Market
01:05:01 Trump vs. Harris on PredicIt
01:09:37 The 2nd Trailer of MVP

Spotify: https://spoti.fi/3N675w3
Apple Podcast: https://apple.co/3snLsxU
Website: https://goodgamepod.xyz
Twitter: https://twitter.com/goodgamepodxyz

Web3 Founders: 
Apply to Alliance: https://alliance.xyz
Alliance Twitter: https://twitter.com/alliancedao

DISCLAIMER: The views expressed herein are personal to the speaker(s) and do not necessarily reflect the views of any other person or entity. Discussions and answers to questions are intended as generalized, non-personalized information. Nothing herein should be construed or relied upon as investment, legal, tax, or other advice.

Good Game, your No BS Insights for crypto founders.

Consumer crypto is going to be driven by Gen Z, Gen Alpha, and short attention spans.

And they're likely not going to work any other job and do this full-time, which is great for crypto, because crypto needs full-time usage, like content creators.

I think the other way is like making money off crypto apps.

Looking for your next startup idea in crypto?

list and get inspired at alliance.xyz forward slash ideas.

We just announced our second trailer of our documentary, Minimum Viable Product, and our first episode is going to go out next week.

In my app, you can earn like infinite money.

We didn't see sunlight for like 5, 6 days.

The idea is like to educate developers that crypto isn't just all about speculation.

Partnership with Alliance is like a huge win.

The vast majority, except for 1, you have a good idea.

Like, when was the last time you went to Bitcoin conference?

The question should be, when was the last time I've been to any crypto conference?

don't even remember when it was the last time.

But I could have sworn you went to a conference Recently, but okay.

But the only the only reason why I went to Bitcoin Nashville is because it's like four-hour drive for me and I got everything for free.

I mean obviously they got Trump, we'll talk about it.

By miners I mean Bitcoin miners, not miners.

When you first said that our entire team was a bit concerned.

Half of the booths were Bitcoin miners and the other half were mix of things, notably Bitcoin layer 2s, Babylon, Lorenzo, which is like the etherfi of Bitcoin.

It's the layer on top of every staking and then see that many apps.

I think overall the ecosystem is still dominated by miners instead of app builders, which is unsurprising, but the vibe, the vibes are good.

Was it crypto natives are more open to the public?

There's none of the Ethereum or Solana people.

It's a lot of Wall Street people, very boomer.

Compared to like ETH events or even Solana events, seems like they're all a bit different in terms of target audience.

I mean, the top speakers they put on the website were Trump, Michael Saylor, Kathy Wood.

RFK, basically all the, either politicians or Wall Street people.

I thought Trump should be a comedian instead of a politician.

I think he's, he was very, at least the first 20 minutes was very funny.

I watched it live and it was, it was very long and he started rambling.

The first 20 minutes I thought it was pretty entertaining and then halfway through the crowd started walking out of the venue.

And interestingly the rumors were correct that Elon was coming.

So There were rumors on Twitter that Elon's private jet was flying.

So remember the first 10 minutes Trump was talking about EVs and electricity more than Bitcoin?

Because he knew that he thought that Elon was coming.

So he talked a lot more about Elon's industry than our art industry.

And a friend of mine thought that Elon was coming and he leveraged Elon Dogecoin.

Is Trump speaking at BTC Nashville top signal?

I mean, he was definitely the local top because everyone knew he was coming in and long the shit out of Bitcoin.

But I still think we'll end up higher at the end of the year than now, especially if Trump gets elected.

I don't think I've ever been to a Bitcoin event.

So I guess what I ended up doing over the week was I got invited to the closing ceremony for the ETH ETF launch.

They were the only company selected to do this.

So They got selected over Vanak and others.

The group of people that were there were very Ethereum, like within the Ethereum community.

So I saw like Luca there from Pudgee, a lot of familiar faces, a lot of familiar faces.

I think Nick Camino from 1 Confirmation was there.

Most of the people that were early Coinbase.

It was, I believe it was the CTO of Bitwise.

So I can kind of walk you through the ceremony and how it worked.

But we walked in, we had like a quick 2 to 5 minute speech by the chief product officer from New York Stock Exchange.

Then we walked into the main pit for New York Stock Exchange.

We walked close to the, there's like a podium on top.

And so the entire Bitwise team walked in and then There was a timer to the left and as soon as it hit like 04:00, they started ringing the bell.

It was pretty surreal for a bunch of DGENs.

I mean, Santiago was there from Santos was there also.

I was with him the entire time and he's like crazy that they let us DGENs into the pit and to actually witness something you know as institutional as an ETF launching on New York Stock Exchange so it was it was pretty surreal experience and you know like I was talking to Hunter who's a founder Hunter Horsey the founder Bitwise and he was kind of telling his story about how he launched Bitwise.

And I mean, you remember this, 2016, no 1 gave a shit about getting Ethereum or Bitcoin ETFs listed on the New York Stock Exchange, right?

But it seemed more like marketing, right?

But his idea and startup started around 2016 and from going from there chewing glass from all the ups and downs till now It must have been a very surreal experience for him as a founder like who would have thought within you know 8 years, you know, the entire world is gonna be talking about Bitcoin and crypto So he kind of told a story about how he started from this very small room and then over time just kind of chewed glass and kind of grew from there.

I was thinking, I think NYC and NASDAQ are pretty boomer in a lot of people's mind, right?

But the actuality is that their technology is really hardcore.

And I know that from personal experience because I was 1 of those Flashbots.

And what that means is, so like on the US stock exchanges, there's like 8, 000 symbols or something like that, something to that order of magnitude.

So they shard the matching engines across symbols.

So there's like, for example, 10 stocks that trade on this machine, there's 10 stocks that trade on another machine and so on and so forth.

So it's actually sharded and it's also distributed in a sense that, let's say there's a bunch of flash boys and retail traders sending orders to the matching engine.

How do they make sure that the orders are received fairly?

Because these orders come from all around the world.

So they have multiple portals that sit next to the matching engine that receive these orders.

And they try to do their best to make sure that these portals are equal distance to the matching engine itself.

And so they have to do a lot of really hardcore engineering like these servers and also the connection between the servers to make sure that they're fair to every market participant.

And these portals are also engineered in FPGA.

So it's not just a piece of software running on CPUs because CPUs just can process that amount of orders, that kind of throughput.

Overall, like their matching engine, their exchange, there's a lot of specialized hardware rather than just CPU run software.

So it's sharded, it's distributed, it's specialized hardware.

And You spoke of a term, I don't know if all of our audience knows this, but Flashboys.

Do you want to describe what Flashboys is?

I think that was a book written by Michael Lewis, which is extremely misinformed.

I can pick out a number of things where he was misinformed, but overall his idea was that the market is ripped because high-finance traders have an unfair advantage compared to the rest of the market participants because they're co-located with the exchanges and therefore they can just pick out retail traders by being faster.

Basically, sandwiching, if that makes sense.

If I use the word MEV or sandwiching, I think people will get it.

Basically, the analogy is that Flashboys are the MEV traders of the traditional market.

Overall, at a very high level, the reason why that book was overhyped is that high-fructure traders actually make very little money.

The entire industry, during the year that that book was published, made maybe $1 billion.

The entire industry of high-fructure traders.

During that same year, the bonus pool of Goldman Sachs was bigger than that.

So if you wanna hate, you should hate the bullish brackets rather than the high-furnace traders.

And I think it, I remember when the book came out and people, I think most of the people that didn't understand trading, it was their like first like insight and they thought it was, they thought, you know, it kind of like confirmed their, their bias, right?

I felt like that's kind of what ended up happening, which was misinformed.

Okay, so he also wrote a book on SPF before the collapse of FTX, right?

And he painted SPF as this autistic tech genius entrepreneur.

Man, these authors, I wonder how much you got paid to write this book.

I was reading an interesting tweet and it was actually an article, but I'll give you the headline.

Millennials and Gen Z's have given up on finding fulfillment at work.

I think Millennials are probably split 50-50.

There's like boomer Millennials and then there's like the younger millennials.

So you would fall into the Boomer millennials.

You said exactly what I was going to say.

Look, like I could tell you from my own experience, I hated every corporate job that was out there.

I mean, that's why you self-selected into crypto.

But I do think that is like 1 like headwind that I don't think crypto has really realized is that people like Gen Z, Gen Alpha, they see crypto as a way out of the system.

And so I'm like, to be quite frank, I'm seeing more and more people that are coming to crypto that are more Gen Alpha, Gen Z.

By the way, did Murad also tweet about that?

Murad, the guy who turned from Bitcoin Maxi into a shit coin or meme coin Maxi?

I mean, I think shit coin Maxi is an understatement.

He was like, I can't remember the exact exactly what he said, but basically the thesis, his thesis behind meme points was, was the nihilism of Gen Z.

And in fact, I look at a lot of tweets from Gen Z and Gen Alpha, and they're trashing on millennials.

But you know, there was an interesting tweet that I read from 1 of the Gen Z folks, I think it was Mitch.

Mitch is becoming a very popular shit-coiner now.

And he said something in the order of like, I wouldn't take any advice from anyone that's older than 23 years old at this point.

You know, they, you know, millennials spent their time traveling the world versus making money, something in that order.

And he went on to details of it, but it was interesting because I do remember when I was growing up, a lot of the millennial people would Go out like we should enjoy life go spend go travel the world.

Everyone used to tell me that yeah And and this generation is like fuck that

we just create tick-tock videos or just become tick-tock creators

We're just gonna become tick-tock creators make content make money I don't know but it was it was very interesting to read some of these kind of threads.

And then I saw that tweet where it talked about how, you know, millennials and gen Z's have given up on finding fulfillment of work.

And to me, it seems like where it's all trending is like content creation, probably, and or finding ways to work for yourself as an individual.

And find ways to make money without doing real work.

I always find- Which is basically content creation and or TikTok creation and Chicago trading both fall under that category.

I was talking and funny enough I was talking to my nephew he is 18 years old he watches he's pretty big on like Kaisanat and all the streamers and I asked him I'm like all right he's a he wants to become a professional basketball player.

I'm like, if you weren't playing basketball or if you weren't selected into the college, like whatever your college team that you want to, what would you do next?

He's like I would just get a bunch of my friends together and rent a house and just stream all day.

Are you saying, I don't know, I'm speculating that the future of crypto consumer products should be built by Gen Z or where it goes.

Yes, that's exactly where I'm going with it.

I think consumer products shouldn't be touched by millennials.

I mean, I'm a millennial, so I can tell you this.

Because millennials, they have kids now, they don't have time to enjoy life as the way you enjoy life.

You enjoy life in other ways, like spending time with the kids and your loved ones.

And you don't really have time to spend with your friends and on your phone.

And so I do think crypto, I think the future of crypto consumer is going to be primarily Gen Z, Gen Alpha.

And I'm not saying, and like Gen Z, like younger Gen Z, not the later Gen Z, because they're becoming boomers, too.

I saw a funny TikTok where a Gen Alpha met a Gen Z and every time he said a word that Gen Z didn't recognize, he felt like he got shot and like bite.

So like the third, like I think what he said, like skibbity or something.

I don't know what it means, but he ended up like, he was like on the ground.

And so and so she hangs out with my kids.

So my kids came home 1 day and they're telling me shit like skibbidi toilet and this and that.

So I looked it up and and apparently it's just you know it's a YouTube show and so that's where that's where it was popularized and then there was a meme coin called skibbidi toilet that was launched and now they're making a movie out of it that's coming out and I don't know next Michael by Michael Bay.

See all Good Game Podcast transcripts on Youtube

How Gen Z & Alpha Will Shape The Future of Crypto