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if Wolf of Wall Street were about crypto - YouTube
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[0]
(humming noise)
[16]
- Well, I gotta say,
[17]
I'm incredibly excited
to be a part of your DAO.
[19]
I mean, the community
you've built is absolutely--
[22]
- Fuck the community.
[24]
Your only responsibility
[26]
is to get their liquidity on the table.
[29]
You got a girlfriend?
[30]
- I'm engaged, I'm (clears throat)
[33]
my fianc茅, Sunmi she's a blockchain dev.
[38]
- Congratulations.
[39]
- Thank you.
[40]
- Think about Sunmi.
[41]
Name of the game, move the
money from your LP's pocket
[46]
into your pocket.
[49]
- LP?
[50]
- Liquidity Provider.
[52]
- Right, but if you can make
your LPs money at the same time
[55]
it's advantageous for everyone, correct?
[57]
- No.
[59]
Number one rule in crypto.
[61]
Nobody
[62]
I don't care if you're
Su Zhu or Su Lung Tang (ox bone soup).
[65]
Nobody knows if the token
will go up, down, sideways,
[69]
or in fucking circles.
[71]
Least of all us DAO founders.
[73]
It's all a fugazi.
[74]
You know what fugazi is?
[76]
- Fugazi, it's a fake.
[79]
- Fugazi, fugazi, it's a wazzy
[81]
it's a woozy.
[82]
It's fairy dust.
[84]
It doesn't exist.
[86]
It's never landed.
[86]
It is no matter.
[88]
It is not on the elemental chart.
[90]
It's not fucking real, alright?
[93]
- Right
[94]
- Stay with me
[95]
We don't create shit.
[98]
We don't build anything.
[100]
- Well, we are building a
decentralized reserve currency.
[103]
We are bringing stability into--
[105]
- What the fuck even is stability?
[108]
From who's perspective?
[111]
The US Dollar?
[112]
Gold?
[113]
Bitcoin?
[114]
Your girlfriend's birkin?
[116]
Stability, utility, credibility,
[118]
just more words to mask
the same old protocol
[121]
of "give me your money,
[122]
and I promise I'll make you more money,"
[124]
maybe.
[125]
- Michael, give yourself
a little bit more credit,
[128]
it's a bit more complex than that.
[130]
I mean most defi 2.0 protocols are--
[132]
- Nobody knows how it works.
[134]
We just take their garbage coins
[135]
and put them in a stew
with other useless coins
[138]
and call it a treasury.
[140]
Now it's a whole new thing.
[142]
The code is all forked from Olympus,
[145]
I don't fucking know how it works.
[148]
Like I said we don't build anything.
[150]
So if you have users
[151]
who staked and earned 10,000%
APY in the last few weeks,
[157]
he's all fucking happy,
[158]
he wants to swap his tokens, liquidate,
[160]
take his fucking money and run home.
[163]
You don't let him do that.
[164]
- No.
[165]
'Cause that would make it real!
[166]
- Right.
[167]
- What do you do?
[169]
You get another brilliant idea.
[170]
A special idea.
[172]
Another situation.
[173]
Another staking reward,
to reinvest his earnings.
[179]
And he will, every single time,
[181]
'cause they're fucking addicted.
[184]
And we just keep doing this.
[186]
Again and again and again.
[188]
Meanwhile, he thinks
he's getting shit rich.
[191]
Which he is... on paper.
[194]
But you and me,
[195]
we're taking home cold hard cash
[198]
by dumping our governance
tokens on them, motha fucka.
[202]
(laughs)
[203]
- Right, right.
[207]
That's incredible sir.
[210]
Can't tell you how excited I am.
[213]
- They don't call me Sifu
for no reason am I right?
[215]
- Right right (laughing).
[220]
(humming sounds)
[226]
- Come on!
[227]
(humming intensifies)
[241]
- Yes, yes.
[242]
(sounds of approval)
[249]
(This is definitely not weird)
[252]
(more moaning)
[256]
Yes, yes, yes.
[258]
(that's what she said)
[259]
Oh fuck.
(Sifu laughs)
[263]
All right, cool.
- Alright cut.
[266]
- Let's do it again?
- Let's do it again.
[267]
- Alright let's do it again
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