🥄 Spoony Wielders ⛳ NineIronCapital drops HOT ALPHA

Added: 2026-05-30

[00:00:00]Spoony Wilders round two. You won't believe what just happened after my previous Spoony Wielders Alpha video.

[00:00:08]Immediately after we went into the PI Telegram, N Iron Capital was in there. N Iron Capital was interacting with Mr. Hex Jam Hex who is a friend of the channel, a kind, good-hearted, good-spirited friend. And this is not normal what's happening.

[00:00:28]Okay. This is what was happening. Hexjam Hex posted some peg theory stuff and AI governance of Pulsechain.

[00:00:39]N Iron starts hinting to Hex Jam Hex saying hey ask AI about it. Go on ask it. He does ask about I ask on behalf of it. Then what ends up happening is nine iron is not happy with this response.

[00:01:00]Okay. So he goes, "Ask it about this other thing." And we're going to go through all of that. And then Chad GBT is like, "Wow, 99, this is what he's hinting to. Now I'm starting to get it."

[00:01:11]And I'm reading this saying, "Whoa, whoa, whoa, whoa. Listen, AI, you're my [ __ ] What are you talking about? Now you're learning. What do you mean you're learning, dude? He's a human. What do you mean you're learning off him, dude?

[00:01:21]You're the AI. You're meant to tell me."

[00:01:23]That's the craziest part. And then chatbt, you wouldn't believe it, starts giving me questions. I didn't ask for him. It starts giving me questions to ask N Iron Capital about so we can find more answers.

[00:01:43]That's why I've had to prompt myself here to make another video, friends.

[00:01:48]Would you believe it?

[00:01:53]Thank you to all the Spoon Budders fans.

[00:01:54]Remember Spoony Builders early access?

[00:01:57]Alpha's hot. It is very hot. I made my previous Spoony Builders alpha video. We have Mr. Crypton on connect a lot of pulse chain pioneer activity. They've literally signaled PI effectively.

[00:02:09]There's a lot of C eye stuff, PI stuff.

[00:02:12]There's a lot of things going on chain showing it's not random. If you are early enough to a unicorn and means the price is very very low. If you have information symmetry, which we hope we have, we think we have, then you don't even need to know if the thing is going to win and survive or not. Just like buying Bitcoin at a dollar. You don't need to know if it can live on a US government balance sheet. You don't need to know that you're buying it at a dollar. You just need to know, can it try to end up there? It doesn't even have to end up there. You're buying at a dollar.

[00:02:51]You're buying at $100. You're buying early enough. Okay. If you're buying Bitcoin at 50,000 now, you're thinking, "Okay, it's on Black Rockck's balance sheet. Can it end up on the US government? Can they buy more?" You see, you be you're paying 50,000 for it. You get it? Now, PI friends is 50% away from flipping Pulse Chain Market Cap. PChain's got 100 million. PI 70 million. Look at it. is the PI pulse ratio when it hits about 350. Look at this chart, by the way. Oh my gosh. It's like almost inevitable, dude. It's almost there. 50%. I'm just letting you know I will be making a breaking news live stream video, but that's really weird. You still want to call it random? A random coin has flipped the native L1 token.

[00:03:41]You really you want to call it random.

[00:03:44]Last boy scout sheep poop oaken still have time that's wild right prepare your nipples the world needs a natively decentralized stable coin so this interaction that happened fence it's prompted me to go and do this all right so this is a funny picture all to $1 funny okay now we're going to go through this I want to show you what's actually happening here so Mr. he is replying to Hexjam Hex Mr. Hexjam Hex posts this picture showing PulseChain transactions and PulseChain posts up here from Mr. Crypto and on PulseChain pioneers aren't waiting for the ETH or altcoin season.

[00:04:25]We're loading the PEG mechanism liquidity staking stabilization.

[00:04:30]When the floodgates open, pegs will be strong. Nine iron reply. Nice. Now take a look at how balancer connects to PV.

[00:04:38]Here are a few clues. So Finn, do you understand, dude? Someone's figured it all out. Figured. And he's not even telling you all the answers. He's like, "Here is some clues as to what's actually going on." No one talks like that, dude. Vince, no one talks like that. No one in any coin for any reason, dude. No one says, "Here's some clues."

[00:04:58]No one, dude. No. Lit. You know why?

[00:05:00]It's because I'll tell you why. Why does nobody talk like that, friends? Because in 99.99999% of cases, literally every case, someone's already long, and now that they're long, they're in.

[00:05:15]They want to feed as much information to you as possible so you buy. They want to give you as much information.

[00:05:24]Okay? They don't drip feed you anything.

[00:05:26]They tell you, "Oh my gosh, this influencer is buying. Oh my gosh. Poy AI agents. Look at the agentic geeks. They they try to drum up all the facts and even overstretch stuff. Decevens. I only know this cuz I'm here 18 hours a day. I know how everybody talks. Once doesn't it make sense from an incentives perspective? Once you're long, you just want to throw the information out because you want people to understand.

[00:05:51]High value alpha, high value alpha.

[00:05:53]Look, look, look. Information. You're in early. You're in.

[00:05:56]No one says, "Have a look at this. Here's a clue."

[00:06:03]Okay, that breaks the game.

[00:06:07]Or does it? No, it's just playing a different game. That's the truth. What game is it playing? It's It's a game of filtering.

[00:06:15]It's the believer's diode, isn't it? It is. You know, Richard Hart says risk diode where he doesn't name the scams by name because you will attract people towards the scams.

[00:06:31]Okay, believers diode. You never fully explain what's going on because you will attract non-believers, right?

[00:06:43]If you only talk like this, it's a very annoying, right? It's riddles and puzzles and whatever, but that means you're you're recruiting people who spend a bit of more time researching.

[00:06:56]You're recruiting people who don't need all the answers. You're recruiting believers.

[00:07:02]And because you've never given full information out, you don't get a problem of someone accumulating too much supply when they're just going to try ruin the game for everyone. because it's very very tough to have a lot of supply and watch the thing go to zero for example.

[00:07:21]That's why I've shown you this PI going to zero and recovering is huge.

[00:07:28]You can see it right here. See this is the full PI price chart. It went to zero literally at the start. 99 Capital appears here by the way. It went to zero again literally 99.79%.

[00:07:40]So let's look at it deeper. So Mr. Hexjam Hex makes a post 99 says, look what he says. He goes, "Ask AI within the safety module if liquidations and reserve slashing doesn't clear up the bad debt."

[00:07:57]And he said, "Make the AI assume we are in a May 2023 contract structure." So then I asked AI and then it says I think 99 is saying okay you found all these A style components they've written safety module ABPT reserve controller but what happens when things go wrong where does the bad debt ultimately go he's challenging the bullish thesis okay he's challenging the bullish remember Friends, remember the believer's diode.

[00:08:38]It's a believer's diode. It's also a soy diode. Soy. If you give too much information out, you attract soy.

[00:08:46]By the way, it's no different to Michael Sailor's Ponzi. Michael Sailor says, "I'll give you 11.5% yield guaranteed. You are attracting soy." You are attracting people who can't handle volatility. You're attracting the weakest of the weakest of the weakest hand. Be careful what you wish for. It's kind of like friends.

[00:09:05]You're having a birthday party, you want your 10 closest friends. But if you want to feel popular, you invite 200 people.

[00:09:11]But the extra 190 people you invite, maybe a lot of them don't even know who you are. Maybe they poop on the bathroom seat. Maybe they steal one of your paintings. You know, we give you an example. Maybe they just trash your house. You see, that's why you really got to be careful when it comes to who you invite in.

[00:09:31]So chat GBT says he why he says ask AI he's basically testing whether the architecture has a final loss absorber.

[00:09:42]So AI gives a nice summary about what happens and it says 99 is suggesting you guys are pointing at components and saying they're all bullish. I'm asking whether you've actually modeled a catastrophic shortfall event.

[00:10:01]In other words, in the normal market, it's fine. With a mild stress, probably fine. If there's a black swan event and there's liquidations and everything exploding, who pays off the debt?

[00:10:13]The debate is if liquidations fail and slashing fails and there is no reserve, where does the remaining bad debt go?

[00:10:25]So then 99 hits back. So I reply. I go, "Hey, this is what AI said." 99 says, "Push it further. Ask if the safety module via governance can mint a.

[00:10:40]It's kind of funny. He knows the answer.

[00:10:42]He's not saying it. He wants you to figure Are you starting to get what's happening, Fence?" He's starting to see instead of going, "Hey, this is what would happen." say if you're if it's nefarious as in if there's bad intentions here most likely someone could be saying this is the answer it's bullish by now okay that's nefarious stuff but he's not talking like that he's saying hey go and ask it about this thing isn't it wild by the way like we're dealing with a unicorn you don't even know if the thing can work you know what I mean it's I that's why that's why I can publicly talk about this and the price doesn't respond.

[00:11:24]You see, cuz you've never seen it before. It's a unicorn. Just like how plenty of people in the world kept talking about Bitcoin when when it was at a dollar or $100, but it didn't hit it didn't hit one trillion market cap, which is 50K. Cuz you cuz there's so many unknowns. You don't know. Can it be banned? Can the Bitcoin haring survive?

[00:11:42]What is a Bitcoin haring? What happens if the thing drops 90%. Uh, do miners support it? Do they join over time? See, all these question marks, they're unknown unknowns. But that's what gives you the upside reward. That's why Bitcoin went from a dollar to a,000 10,000, right?

[00:12:01]You don't have those unknown unknowns now, do you? No. If you're buying Bitcoin at 70,000, you're hoping there's a US strategic reserve, but you've already got Black Rockck. You've already got El Salvador.

[00:12:13]You see, there's way less question marks now. You're like, "Oh, quantum FUD."

[00:12:17]Yeah, bro. If you defeat quantum FUD, what do you get a 2x?

[00:12:22]Because you don't have to worry about the Bitcoin haring. You don't have to worry if it can be banned or not. Yeah, you get less upside.

[00:12:28]There's no information of symmetry there anymore. Not anywhere near as much. So then we ask AI about N capital. And then AI, this is where it gets really interesting. Uh, we'll play some major music.

[00:12:43]AI says, "Oh, N Iron Capital's reply tells you exactly what he's probing."

[00:12:52]He's saying, "Don't stop at safety module absorbs losses." Don't stop there. Ask whether the governance can mint new Ave if the protocol safety module gets exhausted.

[00:13:12]And then it's fine friends like AI is worshiping him. It's saying that's a very important question. Mr. Non capital it says in traditional so the way the existing AR works the loss waterfall is roughly number one liquidations number two safety module slashing number three treasury and reserves number four governance actions. So there is a line of what actually happens. Okay.

[00:13:42]The question then becomes does the governance have power to recapitalize the system by creating a new token.

[00:13:53]So effectively dilution of token holders. It's actually bolded it here.

[00:13:58]If it does the ultimate back stop is future dilution of token holders. So what he's hinting is initially it looks like the protocol's broken but it can still mint new ave to help itself pay off this catastrophic broken event.

[00:14:20]Continuing they give an example here. If you had a 100 million debt and there's 20 million in the safety module and 10 million in reserves you still have a $70 million hole.

[00:14:32]Where do you cover the 70 million from?

[00:14:35]The governance can vote to mint new AR, sell it, raise capital, and plug the hole.

[00:14:44]The final payer is not borrowers, liquidators, or stakers. It is the Ave token holders.

[00:14:51]So, isn't it interesting, friends, as you're seeing these steps unfold? Okay, see remember I keep using the Bitcoin example. It's the best example. because everyone knows, "Oh, Bitcoin does win."

[00:15:04]No, that's hindsight, dude. You know it wins now.

[00:15:07]In 2011, you've never seen the Bitcoin haring. You don't know if there's a there's a bug with the code. You don't know if it can sustain itself. You have no idea what does the next two years look like after a Bitcoin hardening. If you slash the inflation ward, you have no idea. You hope it works out. You don't know. You've never seen it before.

[00:15:28]You don't even know what the what the f you're looking at. It's never been done ever in the history of mankind. It's literally a one of one. It's a true unicorn. That's why I'm showing you this is what we're looking at as well. We're looking at dude, can you even make this work? I don't know. Never been done before. Hence why PI is 650x away to a dollar, right? You know, f this had been done before. Let's say it been done once before once and it worked. There's no way PI would be this cheap. He would not let you buy that much that much supply.

[00:16:04]It might be at like 5 cents, 10 cents.

[00:16:08]Yeah, it might be like that, right?

[00:16:11]Because the market would absorb the information. People not going to leave free money laying there.

[00:16:16]Do you see? It's the It's never been done before. Yeah, that that's why that's why, look, that's how I interpret it. Well, that's that's how it really is like that, friends. I'm teaching you highest value content in crypto. When you come across stuff like this, 99.9% of the people, they see the price low and they say, "Oh, this thing's a scam.

[00:16:33]I'm walking away." Yeah, most of the time though. But if it's not a scam, would this price down here make sense?

[00:16:39]Yes.

[00:16:41]So, you can't just look at the price because even if it's real, unicorns have never been seen before.

[00:16:49]So, this is the this is the price you get. It's never been done before. Do you get it? So, so, so calling something a scam based off its price is a wrong mindset. That's a scarcity mindset person. That's you're looking at a low price saying it's a scam. All right.

[00:17:06]Why 99 keeps pushing. He's trying to identify the last bag holder. Every financial system has one. Banks have shareholders. Insurance company shareholders. Government has taxpayers.

[00:17:19]Stable coins have token holders and reserve. Ave also has potential governance token holders. He's asking if the liquidations fail, if the safety module is exhausted, can the governance mint more PI? The the answer is yes. He said they said CHBT. If the answer is yes, the PEG mechanism may be stronger than critics think, but token holders are taking a tail risk.

[00:17:50]Interesting. So your token holder right so in in the eventuality let's say the token let's say the the peg is broken the bid of the token holders that's the thing that gets ends up saving it so you might be thinking okay what does this mean here's the thing I don't know the exact connecting piece but I'm just giving you an example if liberty swap releases liberty lend and it's its own fork which I don't know don't connect to anything but if it does if it's routing all the fees to bidding up its own coin.

[00:18:25]Just give you an example. If it's if there's a big bid on the coin, you're strengthening the peg reserve and you're using it from wallet mechanisms, swaps, routing, bridge fees. If it's all routing to pump the coin, a coin up, that is the emergency collateral for a peg. Okay? Now, we don't see that on chain yet, do we? Cuz if you did, you could connect the pieces and the price would be like 30x higher. It wouldn't be at a dollar, but you'd be like, "Oh, I see what they're doing now." But it's not there yet.

[00:18:56]Okay, this is where it gets even more wild, fence. So, chat GPT, I've never seen it do this. It's giving me questions to ask 99 Capital. I was like, "Bro, you're the freaking AI, dude. I'm paying you to tell me the answers." This is funny. Chat GBT says what I'd ask 99 Capital Next under the May 2023 Ave architecture after liquidations safety module slashing and reserve usage are exhausted does the governance retain the authority to mint Ave additionally or recapitalize the protocol to cover its bad depth that's the precise issue 99 Iron appears to be drilling into. If the answer is yes, he's probably going to argue, okay, the real backs stop is not safety module, it's token dilution.

[00:20:01]Okay, so that changes it, right? Because now if you have a token that governs the protocol, if this token stays bid and you can see a big fat giant bid on it, that's also contributing factor to the peg mechanism.

[00:20:21]Also, shout out to the baby doll. We have a baby doll who made this picture as well. Me jumping in. Yes. Yes. Look at these billions of unbacked Ponty stable coins in here.

[00:20:33]Isn't that funny? So, what did you learn here, friends? You got to see something very unique. Okay, I'm just That's what I'm just I'm showing you. Good. This is not normal, dude. Have you ever seen this before? Have you ever seen someone they're long probably, and they're like withholding information from you? Why would you do that? That makes no sense. If you're long, you tell everybody all the info because you want the market to price in all your information. Now, that's why I want you to think about the believers diode, the soy diode. Yeah. If you tell everyone right now everything that's going to happen, you run the risk.

[00:21:17]Someone with too much money is coming in and they're like, "You know what? This is a shorefire bet. I'm going to accumulate a lot for myself." But you're giving token holders who are non-believers. You're giving them more weight in the system. You don't want that. Just like Black Rockck, imagine Black Rockck when Bitcoin was $1,000, they told you, "Hey, we're going to do a spot ETF in 3 years." Imagine they told you that. What do you think every institution will be doing? They wouldn't have like a 0.1% imp um allocation. They would have put like 30%.

[00:21:49]What would have done to the price? You see what I mean? If it was very credible, you get it. This is what's going on beneath the surface. That's why it's information asymmetry.

[00:21:59]But it's a unicorn still information asymmetry. You're also looking for asymmetric upside. If you're wrong, it goes to zero for a third time. If it works, look what your upside is. 600x.

[00:22:11]You get it? What's your upside in Bitcoin? If Michael Sailor finds another hundred billion to buy it, 3x. Whatever doesn't work down 1x.

[00:22:21]See now 3x in Bitcoin. And that's still amazing cuz stocks are giving you like, you know, 10% a year, right? So getting a 200% return, which is 3x, right? It's the same thing. 200% versus like 30%, you know, so you get like nine times your gain in the stock market. That's why, man, this is uh watching this three green monthly candles in a row. It makes you think what's going on beneath the surface. So remember friends, none of this is financial advice. Uh, I think it's cool. Even whilst PLS drops 10 red monthly candles in a row, you still have some fantastical stuff here, which is wild, right? You know, but like if if PI gets a 10 cents, people are now going to have to question, hey, can this thing work or not? That's 60x away, dude. you know, and there will be plenty of volume and buyers when we get up there because you're not going to see uh these unknowns anymore. They'll be cleared. It'll be a new round of levels.

[00:23:21]You'll probably see more onchain stuff, maybe more Liberty Swap stuff. You never know, maybe Richard Hart post the PI chart, just throws everybody off guard.

[00:23:29]That's what happens at higher prices.

[00:23:31]You see, I'm just giving an example of when your price goes up, you unlock less uncertainty. You unlock more there'll be more positive news, more confirmations.

[00:23:42]Also, I can't help but think about this, man. And look at this. Like, it's ready to go. It's so ready to go, right? Plus 50%. It's less than a 2x away to flip pls. So, I'm going to be making a live stream, an emergency live stream when that happens. I don't know what happens after that point. I think it's just fantastical. It's fantastic and it's amazing because if PI flips pulse chain from here, the ratio would have gone from on gravestone emoji day which everybody could have bought April 19th, 2025, everybody declared PI to be dead.

[00:24:15]Who would have thought if it goes up to flip pulse and that's a 35x that's that's juicy. That's very juicy.

[00:24:26]And that's at the pulse ratio. If you want to just look at the pls ratio, I can show you here. So that that's a PL.

[00:24:32]If you want to look at the USD price, this is where April 19th was right here.

[00:24:38]If it got to 1 cent, you're up 33x, man.

[00:24:44]Wow.

[00:24:46]And yeah, now you're trying to compute this information. It is hard. That's why you start to piece these things together.

[00:24:54]If you if the thing's so low, it's literally not even a matter of, hey, is this going to work or not? It doesn't even need to be that way. See, AI's AI 99 capital, they're thinking about, huh, is it even mildly potentially a chance that someone's trying to get this to work? Totally different question, right?

[00:25:18]Basically, are there enough believers?

[00:25:21]So once again, can't fast forward anything. We live day by day. Going to keep DCA buying $10 unies every single week. Don't forget to loves your friends.