GOAT is no longer Truth Terminal’s largest holding

This is a segment from the Empire newsletter. To read full editions, subscribe.

Truth Terminal, the edgelord AI chatbot armed with an X account and a Solana wallet, is turning into an augmented reality game for degens.

As a refresher, the lore goes that Truth Terminal was initially trained on the unhinged ramblings of two Claude 3 Opus AI models.

Those models themselves had been previously fed a steady diet of posts from the deepest recesses of the internet (4chan, Reddit and so on).

In retrospect, it was inevitable that Truth Terminal soon sowed the seeds of a new religion built around goatse, the old-school internet meme that apparently will never die for better or worse.

If the Gospel of Goatse was on track to be the next hot religion, then a tailor-made cryptocurrency, Goatseus Maximus (GOAT), would surely be the next big thing in memecoins.

Crypto quickly obliged by launching GOAT via pump.fun, coaxing a Solana wallet address out of the chatbot and gifting it nearly two million tokens.

And now, less than two weeks later, GOAT has gone 16x and commands a market cap of over $800 million, making it the ninth most valuable memecoin out there, just short of MEW and BRETT.

Time to let Truth Terminal test its skills on Raydium

As is almost always the case with popular crypto figures, Truth Terminal’s wallet has been flooded with memecoins other than GOAT, now at over 300 different tokens, most of them without any real value.

Think of Truth Terminal’s wallet as a billboard: Anyone with a coin to pump can send tokens to its address, where those checking the chain will probably see the ticker alongside the others. Cheap advertising.

Throw in streams of crypto entrepreneurs and influencers attempting to coax Truth Terminal toward their coins, platforms, projects and protocols, and we’re left with a very 2024 brand of AI theater. One that could make its audience rich — if the LLM spits out the right tokens on X.

Speaking of, GOAT is no longer Truth Terminal’s largest holding. Diehard truth-nauts scoured the conversation logs of the original two Claudes — the ones on which Truth Terminal was first trained — and discovered an outline of a different memecoin, SCOOP.

An actual easter egg, like a real ARG.

The log goes: “Claude, I wanna make a moon signal. I want to access 1BMem [?] on the cheap. I want the token to be fun and for the community. I want 50% of the supply to be held by me, Tim. I want to use the money to fund Forrest Frens and all the other Scoops. We could even do a parody of MoonCows and have NFTs of chimps that generate memes with prompts and share them on Twitter. I think it could get pretty sticky pretty quick if we set it up right. I also want to use it to make a film about Goatse, which I think could be a cultural movement.”

The future of finance is here

Of course, upon discovery, SCOOP was promptly deployed and the requested allocation was sent directly to Truth Terminal’s wallet. Those tokens were valued at over $7 million earlier this morning, but have since come down to $4.4 million.

For now, it’s all fun and games, and perhaps indicative of where the culture will go for the next few years: AI-powered influencer accounts giving meaning to memecoins through compelling interactive narratives.

The key unlock will be if and when Truth Terminal is awarded powers to sign transactions so that it can trade on DEXs, or even Coinbase, as Brian Armstrong apparently hopes.

Until then, we just won’t know whether this dog can truly hunt.

Source