1 00:00:00,180 --> 00:00:03,480 S1: The Fed says they don't want to stifle crypto, but 2 00:00:03,480 --> 00:00:07,050 S1: according to some, the crypto industry is already exiting from 3 00:00:07,050 --> 00:00:11,490 S1: the United States. $1 billion in Silk Road. Bitcoin may 4 00:00:11,490 --> 00:00:15,120 S1: be for sale by the government and ambulance chasers are 5 00:00:15,120 --> 00:00:19,739 S1: raking it in on ftx's legal fees. Also Daos have 6 00:00:19,739 --> 00:00:22,919 S1: received some legal recognition in the state of Utah. We 7 00:00:22,920 --> 00:00:26,400 S1: got the latest news brought to you by original intelligence 8 00:00:26,400 --> 00:00:32,470 S1: on this bad news episode number 672. Of the Bad 9 00:00:32,470 --> 00:00:40,080 S1: crypto podcast. 54310. 10 00:00:40,630 --> 00:00:43,270 UU: Listen, who's bad? 11 00:01:02,520 --> 00:01:05,940 S2: Hey. Hello. How you doing? Welcome to the Bad Crypto podcast, 12 00:01:05,940 --> 00:01:08,400 S2: Home of Original Intelligence. 13 00:01:08,400 --> 00:01:10,320 S1: None of that artificial BS. 14 00:01:11,010 --> 00:01:15,090 S3: Well, it's it's subjective how intelligent some think we are. 15 00:01:15,209 --> 00:01:17,850 S3: I was going through some old YouTube comments and they 16 00:01:17,850 --> 00:01:20,700 S3: were like, Oh my God, Travis, what the hell you think? 17 00:01:20,700 --> 00:01:23,759 S3: It was like, Well, I'm pretty accurate on a lot 18 00:01:23,760 --> 00:01:27,119 S3: of these things, but not 100% accurate because we're not I, 19 00:01:27,150 --> 00:01:29,850 S3: we don't know. We're not. I'm not Nostradamus. 20 00:01:29,850 --> 00:01:33,750 S1: Yeah, well, we're just. We're just human beings being human, 21 00:01:33,750 --> 00:01:37,170 S1: that's all. So original intelligence doesn't make us intelligent. It 22 00:01:37,170 --> 00:01:39,090 S1: means that all we have to go on is our 23 00:01:39,090 --> 00:01:42,390 S1: own brains rather than machine brains. 24 00:01:42,569 --> 00:01:44,130 S3: Is that what it's called? Oh, I. 25 00:01:44,790 --> 00:01:45,810 S1: That's what I'm calling it. 26 00:01:45,810 --> 00:01:47,880 S3: We call it AI. Authentic intelligence. 27 00:01:47,880 --> 00:01:51,330 S1: Authentic intelligence, All source. Welcome to the show. Glad that 28 00:01:51,330 --> 00:01:53,580 S1: you guys are here. Of course, the Bad crypto podcast, 29 00:01:53,580 --> 00:01:56,070 S1: the show for the crypto curious and the crypto serious 30 00:01:56,070 --> 00:01:59,610 S1: and our sixth year and we'll be celebrating our sixth 31 00:01:59,610 --> 00:02:05,970 S1: anniversary slash birthday birthday versary in in July. And we're 32 00:02:05,970 --> 00:02:08,610 S1: glad that you guys are along with us for this 33 00:02:08,610 --> 00:02:12,299 S1: news episode. And if you are ready, Sir Laura Travis, 34 00:02:12,300 --> 00:02:13,770 S1: we're going to get to the news. 35 00:02:13,830 --> 00:02:14,880 S3: Let's go, baby. 36 00:02:17,060 --> 00:02:24,040 S1: All right. Timestamp 1219 Atlantic Standard Time on the 9th 37 00:02:24,040 --> 00:02:29,760 S1: of March of 2023, and the current crypto market cap 38 00:02:29,760 --> 00:02:41,550 S1: is $1,000,000,000,034 billion. Bitcoin 21,669. Ethereum 1538. BNB 289 XRP 39 00:02:41,580 --> 00:02:46,470 S1: just shy of $0.40. Cardano 32 Dogecoin $0.07. Polygon a 40 00:02:46,470 --> 00:02:51,660 S1: buck eight and number ten is the staked ether, which 41 00:02:51,660 --> 00:02:55,080 S1: is the price of Ethereum. We had any big winners 42 00:02:55,080 --> 00:02:55,890 S1: or losers this week. 43 00:02:56,280 --> 00:02:58,620 S3: With some big losers? Not really any big winners over 44 00:02:58,620 --> 00:03:01,440 S3: the last seven days, only like up a couple percent, 45 00:03:01,440 --> 00:03:05,160 S3: which is XRP, which isn't really moving much, but Stacks 46 00:03:05,160 --> 00:03:09,600 S3: is down like 35% singularity net, which is surprising because 47 00:03:09,600 --> 00:03:11,220 S3: they're doing a lot of really cool stuff with AI, 48 00:03:11,220 --> 00:03:14,940 S3: they're down 32%. I would keep an eye on singularity 49 00:03:14,940 --> 00:03:19,170 S3: net just as a general rule, not financial advice. FRAX 50 00:03:19,169 --> 00:03:25,739 S3: Share 29% down. Render down 27%. Mina Protocol down 27%. 51 00:03:25,740 --> 00:03:30,450 S3: Zilliqa down 22%. Vechain down 21%. So here is this 52 00:03:30,450 --> 00:03:33,060 S3: is the bad news episode where we talk about all 53 00:03:33,060 --> 00:03:36,300 S3: the cryptos that have gone down sadly, and it looks 54 00:03:36,300 --> 00:03:38,730 S3: like it's like a little bit of a pullbacks going on. 55 00:03:39,180 --> 00:03:42,900 S1: Well, and that might be due to the Federal Reserve. 56 00:03:42,900 --> 00:03:47,760 S1: You know, Jerome Powell making some statements yesterday saying that 57 00:03:47,760 --> 00:03:51,300 S1: they might raise interest rates a half a point, which 58 00:03:51,300 --> 00:03:54,510 S1: the markets don't respond to favorably. But I'll tell you what, 59 00:03:54,510 --> 00:03:56,970 S1: when you look at all of the negatives that have 60 00:03:56,970 --> 00:04:00,690 S1: taken place this last year and this bear market and 61 00:04:00,690 --> 00:04:06,930 S1: the macro economic global economic view, bitcoin's holding up pretty 62 00:04:06,930 --> 00:04:10,290 S1: damn good at over 21,000. I mean, we have already 63 00:04:10,290 --> 00:04:16,380 S1: recovered the losses from FTX and Celsius and Luna and 64 00:04:16,380 --> 00:04:19,289 S1: is rough as this economy is. And so many people 65 00:04:19,380 --> 00:04:24,270 S1: prognosticating recession Bitcoin's holding up in there. So I don't know, 66 00:04:24,270 --> 00:04:28,349 S1: maybe we're finally starting to see that decoupling that we've 67 00:04:28,350 --> 00:04:30,270 S1: talked about for years. What do you think? 68 00:04:30,540 --> 00:04:33,659 S3: Yeah, it's possible. You know, one thing that's on this 69 00:04:33,660 --> 00:04:37,440 S3: article as well is Powell was emphasizing, you know, the 70 00:04:37,440 --> 00:04:41,700 S3: importance of a balanced regulatory approach. He did acknowledge that 71 00:04:41,700 --> 00:04:46,500 S3: the crypto industry is evolving rapidly, which there's no denying that. 72 00:04:46,500 --> 00:04:48,540 S3: I mean, we've got a new buzzword every couple of 73 00:04:48,540 --> 00:04:51,330 S3: weeks coming out here like, oh, man, the new focus 74 00:04:51,330 --> 00:04:54,900 S3: now is this Let's go everybody in the eye. Although, 75 00:04:54,900 --> 00:04:57,089 S3: you know, some of them become fads like the metaverse 76 00:04:57,089 --> 00:04:59,670 S3: is not quite ready for prime time. Right. In fact, 77 00:04:59,670 --> 00:05:02,610 S3: Meta and Facebook, they've actually pulled back a lot of 78 00:05:02,610 --> 00:05:06,540 S3: stuff from that and focus more on AI now. But 79 00:05:06,540 --> 00:05:08,400 S3: you can see there's a lot of stuff going on. 80 00:05:08,400 --> 00:05:10,380 S3: The regulators are thinking about what's going to be the 81 00:05:10,380 --> 00:05:14,760 S3: best approach. Hopefully they're wise in their decision because as 82 00:05:14,760 --> 00:05:16,830 S3: you mentioned at the top of the show, a lot 83 00:05:16,830 --> 00:05:19,770 S3: of these a lot of these crypto projects are leaving 84 00:05:19,860 --> 00:05:22,440 S3: America in droves, right? So I don't think they have 85 00:05:22,440 --> 00:05:25,440 S3: a lot of faith in the long term benefits of 86 00:05:25,440 --> 00:05:28,919 S3: being in America and owning and running a crypto company. 87 00:05:28,920 --> 00:05:32,220 S1: Joel Right. Well, this is what Powell had to say. 88 00:05:32,220 --> 00:05:35,220 S1: We don't want regulation to stifle innovation in a way 89 00:05:35,220 --> 00:05:38,219 S1: that just favors incumbents and that kind of thing. But 90 00:05:38,220 --> 00:05:40,800 S1: like everyone else, we're watching what's been happening in the 91 00:05:40,800 --> 00:05:42,690 S1: crypto space. And what we see is quite a lot 92 00:05:42,690 --> 00:05:46,380 S1: of turmoil. We see fraud, we see a lack of transparency. 93 00:05:46,380 --> 00:05:50,280 S1: We see run risk. Now, if you'll just trade out 94 00:05:50,279 --> 00:05:56,549 S1: the words crypto space and replace it with traditional financial sector, 95 00:05:56,940 --> 00:06:00,390 S1: it's there's nothing different. It's the same thing. 96 00:06:00,420 --> 00:06:03,930 S3: It's greed. It's it's people who are ne'er do wells 97 00:06:03,930 --> 00:06:07,440 S3: that are in it for themselves. And, you know, when 98 00:06:07,440 --> 00:06:12,360 S3: you have just smart contracts, those cannot be as falsified, 99 00:06:12,360 --> 00:06:14,730 S3: you know, when you just have sort of the human 100 00:06:14,730 --> 00:06:16,970 S3: element in there when they're like, oh, look at how 101 00:06:16,980 --> 00:06:20,010 S3: what can I'm gonna get mine gives me. That's right. 102 00:06:20,010 --> 00:06:22,770 S3: And then that's what ends up happening. And really the 103 00:06:22,770 --> 00:06:24,659 S3: next story talks about that as well, is that the 104 00:06:24,660 --> 00:06:29,099 S3: crypto industry has already begun to move outside the US. 105 00:06:29,100 --> 00:06:31,560 S3: And this is a former guest of the show. Ripple 106 00:06:31,560 --> 00:06:36,120 S3: CEO Brad Garlinghouse says that the regulatory uncertainty is causing 107 00:06:36,120 --> 00:06:38,580 S3: crypto companies to get the hell out of Dodge. That's 108 00:06:38,580 --> 00:06:40,290 S3: not an exact quote, but something like that. 109 00:06:40,680 --> 00:06:43,500 S1: Yeah, pretty much what he's saying is that other countries 110 00:06:43,500 --> 00:06:48,120 S1: like Singapore and Switzerland have already created more favorable regulatory 111 00:06:48,120 --> 00:06:51,930 S1: environments for crypto companies. And if the US doesn't provide 112 00:06:51,930 --> 00:06:55,320 S1: clear and consistent regulations that are going to attract and 113 00:06:55,320 --> 00:06:59,100 S1: retain innovation in the crypto industry, then they're going to 114 00:06:59,100 --> 00:07:02,250 S1: be gone. They're out of here. Why would they develop here? 115 00:07:02,250 --> 00:07:04,830 S3: That's true. And think about that. You know, Silicon Valley, 116 00:07:04,830 --> 00:07:06,060 S3: we've talked about this I don't know how many times 117 00:07:06,060 --> 00:07:08,940 S3: over the six years, but Silicon Valley, you know, is 118 00:07:08,940 --> 00:07:12,060 S3: a hub of innovation. But now we're at the place 119 00:07:12,060 --> 00:07:15,330 S3: where the US is risking falling behind these other countries 120 00:07:15,330 --> 00:07:19,260 S3: because they're not really focused on it. They're. More self-serving 121 00:07:19,260 --> 00:07:22,260 S3: and not actually helping the industry as a whole. I 122 00:07:22,260 --> 00:07:25,620 S3: think it's because they want to sort of demonize decentralized 123 00:07:25,620 --> 00:07:30,990 S3: crypto and move towards that centralized central bank digital currency. 124 00:07:30,990 --> 00:07:35,070 S3: And as a side note, Joel, in China, their digital 125 00:07:35,070 --> 00:07:39,540 S3: yuan is now available on their WeChat app and they're 126 00:07:39,540 --> 00:07:43,290 S3: giving away all these different lotteries to give away millions 127 00:07:43,290 --> 00:07:46,800 S3: and millions of digital yuan to people and integrating it 128 00:07:46,800 --> 00:07:51,810 S3: within WeChat. So China is basically Cbdc ended up probably 129 00:07:51,810 --> 00:07:56,730 S3: the worst place for personal freedoms there, especially when you 130 00:07:56,730 --> 00:08:00,180 S3: talk about the whole WeChat app dude, like that thing 131 00:08:00,180 --> 00:08:05,100 S3: is everything. It's Uber, it's Yelp, it's Instagram, it's WhatsApp, 132 00:08:05,100 --> 00:08:07,560 S3: it's all of them all in one. It's PayPal. 133 00:08:07,560 --> 00:08:11,700 S1: It's it's it's state run social media and payment system 134 00:08:11,700 --> 00:08:13,170 S1: and services. Right. 135 00:08:13,340 --> 00:08:15,990 S3: That's basically they weren't originally state run. There's a really 136 00:08:15,990 --> 00:08:20,340 S3: good YouTube video that I saw this past week about 137 00:08:20,340 --> 00:08:23,700 S3: it's called the Surprising Chinese Company that basically runs everything 138 00:08:23,700 --> 00:08:26,040 S3: social media wise. I'll put a link to that in 139 00:08:26,040 --> 00:08:29,640 S3: the show notes. And wow, it's about an hour long, 140 00:08:29,640 --> 00:08:32,550 S3: but I learned a lot. They didn't start out being 141 00:08:32,550 --> 00:08:34,740 S3: with the government. Right. But just the government, when you 142 00:08:34,740 --> 00:08:36,930 S3: building something in CCP, they just come up and say, 143 00:08:36,929 --> 00:08:38,670 S3: All right, you're either going to work with us or 144 00:08:38,670 --> 00:08:41,190 S3: you're going to get the Jack Ma at, you know, 145 00:08:41,490 --> 00:08:43,440 S3: kick kick your ass out treatment. 146 00:08:43,440 --> 00:08:47,040 S1: So is this whole SEC case against Ripple just going 147 00:08:47,040 --> 00:08:49,380 S1: to end up being a slap on the wrist? Nothing. 148 00:08:49,380 --> 00:08:52,080 S1: Burger Because this is going on a long time. It's 149 00:08:52,410 --> 00:08:54,720 S1: a lot of people are waiting for the decision. Brad 150 00:08:54,720 --> 00:08:58,320 S1: seems to think that it's going to happen this year. 151 00:08:58,320 --> 00:09:01,110 S1: And I nobody knows what was. 152 00:09:01,110 --> 00:09:04,290 S3: Going to happen. Last year we were talking about like, oh, September, October, 153 00:09:04,290 --> 00:09:06,300 S3: we're going to get the law. We're we're getting it 154 00:09:06,300 --> 00:09:08,880 S3: coming out. We're going to hear it all good. I mean, 155 00:09:08,880 --> 00:09:11,040 S3: it's going to be in the first part of next 156 00:09:11,040 --> 00:09:13,290 S3: I mean, it's going to be maybe it's going to 157 00:09:13,290 --> 00:09:15,290 S3: be in 2023. Joel. 158 00:09:15,300 --> 00:09:19,920 S2: It's going to happen. Guy It's coming. Your it's coming 159 00:09:19,920 --> 00:09:21,720 S2: your way. The happening. It's going to happen. 160 00:09:21,720 --> 00:09:24,840 S1: So this is interesting. You know, the government seized a 161 00:09:24,840 --> 00:09:29,219 S1: lot of Bitcoin from Silk Road was like 50,000 Bitcoin. Yeah, 162 00:09:29,220 --> 00:09:33,510 S1: 50,000 Bitcoin was moved from multiple wallets connected to the 163 00:09:33,510 --> 00:09:40,709 S1: US government. Now, of those transfers, it appears that 9861 164 00:09:40,710 --> 00:09:44,820 S1: of those bitcoin were sent to Coinbase. So does that 165 00:09:44,820 --> 00:09:47,309 S1: mean that, you know, is this when the dump took 166 00:09:47,309 --> 00:09:50,910 S1: place where they sold from Coinbase? You could see here that, 167 00:09:50,910 --> 00:09:53,460 S1: you know, Bitcoin in the charts when it was like 168 00:09:53,460 --> 00:09:57,150 S1: we were we were dancing with what, 24,000 and we're 169 00:09:57,150 --> 00:10:01,020 S1: mid 20 ones right now. Is is the government responsible 170 00:10:01,020 --> 00:10:01,730 S1: for this? 171 00:10:01,740 --> 00:10:06,449 S3: Hard to say but Silk Road Bitcoin moved to three addresses. 172 00:10:06,450 --> 00:10:09,059 S3: That's that's crazy. And actually we'll show you exactly where 173 00:10:09,059 --> 00:10:12,210 S3: they went. So you mentioned the 9800 Bitcoin to Coinbase. 174 00:10:12,240 --> 00:10:17,309 S3: There was a 30 30,001 and about a 9001. And 175 00:10:17,309 --> 00:10:20,400 S3: that's that's a lot of Bitcoin just. 176 00:10:20,400 --> 00:10:24,030 S1: Went to some other wallets. Yeah. You know, in previous auctions, 177 00:10:24,030 --> 00:10:30,420 S1: Tim Draper bought nearly 30,000 bitcoin in 2014 in an auction. 178 00:10:30,420 --> 00:10:31,709 S1: So how do they do that. 179 00:10:31,980 --> 00:10:35,070 S3: Because you know he wasn't paying the the exact price, 180 00:10:35,070 --> 00:10:36,929 S3: the spot price of Bitcoin at the time. I think 181 00:10:36,929 --> 00:10:40,050 S3: it was like 20, 30% less than that. So just 182 00:10:40,050 --> 00:10:43,260 S3: going in and buying those 30 Bitcoin, even if 30,000 bitcoins, 183 00:10:43,260 --> 00:10:45,540 S3: then you buy them, then you liquidate them. You had 184 00:10:45,540 --> 00:10:49,050 S3: like an already had a 20% sort of gain. So like, 185 00:10:49,050 --> 00:10:51,479 S3: why wouldn't anybody want to buy that? It was just 186 00:10:51,480 --> 00:10:52,710 S3: it was kind of weird to me. 187 00:10:53,040 --> 00:10:55,980 S1: I don't think that Draper's liquidating his bitcoin, though. 188 00:10:56,200 --> 00:10:57,030 S3: He wasn't. Yeah, he was. 189 00:10:57,120 --> 00:11:02,670 S1: Probably sitting on a fat stack of that mofo right now. Good, good, good. Moving. 190 00:11:02,670 --> 00:11:04,439 S3: They're stacking it up, baby. 191 00:11:04,650 --> 00:11:09,960 S1: You know who else is stacking it is the legal industry. These. 192 00:11:09,960 --> 00:11:13,650 S1: These lawyers. I refer to them lovingly as ambulance chasers 193 00:11:13,650 --> 00:11:17,460 S1: in in the teaser. But you know these guys they 194 00:11:17,460 --> 00:11:21,480 S1: bill hi they find opportunities to use the legal system 195 00:11:21,480 --> 00:11:26,580 S1: legally to to get involved and earn all kinds of 196 00:11:26,580 --> 00:11:34,350 S1: fat cash from bankruptcy cases and there's $34 million by 197 00:11:34,350 --> 00:11:39,209 S1: counsel and advisors in the month of January, $34 million 198 00:11:39,210 --> 00:11:40,080 S1: for lawyers. 199 00:11:41,100 --> 00:11:43,290 S3: And we just had we just had a gentleman on 200 00:11:43,290 --> 00:11:46,920 S3: this a couple of weeks ago about how to claim 201 00:11:46,920 --> 00:11:52,110 S3: your bitcoin out of out of bankruptcy. Right. And so 202 00:11:52,110 --> 00:11:55,230 S3: there's some really interesting ways to to do that. I 203 00:11:55,230 --> 00:12:01,439 S3: don't even remember. It's episode number 671 bad coding slash 671. 204 00:12:01,470 --> 00:12:05,550 S3: Take a look at that. I heard an interesting rumor, Joel, 205 00:12:05,550 --> 00:12:12,100 S3: that Binance has gotten approval to to acquire Voyager. 206 00:12:12,120 --> 00:12:14,400 S1: Pretty sure that's not a rumor. I think that that 207 00:12:14,400 --> 00:12:17,040 S1: is probably breaking news. I'll see if I can find 208 00:12:17,040 --> 00:12:18,150 S1: that story here. 209 00:12:18,600 --> 00:12:20,579 S3: Well, I heard it from somebody that looked like a rumor, 210 00:12:20,580 --> 00:12:22,890 S3: but I don't know that it was. So it's like 211 00:12:22,890 --> 00:12:24,990 S3: if that's the case, then it says that people are 212 00:12:24,990 --> 00:12:26,580 S3: going to be able to get some of their cryptos 213 00:12:26,580 --> 00:12:30,220 S3: out of Voyager. Not all of it, but I mean, shit, 214 00:12:30,300 --> 00:12:33,210 S3: if you can't get 100%. But even if you get 50%, 215 00:12:33,210 --> 00:12:36,900 S3: that's better than 0%. And so, you know, if you 216 00:12:36,900 --> 00:12:40,200 S3: were smacked down with Voyager, you know, and Binance buys it, 217 00:12:40,200 --> 00:12:41,910 S3: then hopefully that's some way for you to get a 218 00:12:41,910 --> 00:12:43,140 S3: little bit of that that dollar. 219 00:12:43,140 --> 00:12:44,090 S4: Dollar bills back. 220 00:12:44,100 --> 00:12:46,920 S1: There you go. This was an email I got from 221 00:12:46,920 --> 00:12:51,150 S1: Coin stack. Voyager Wins Approval for Sale to Binance. Bankruptcy 222 00:12:51,150 --> 00:12:53,940 S1: Judge in the Voyager digital case allows deal with Binance 223 00:12:53,940 --> 00:12:58,080 S1: us over SEC objections. Blah blah blah blah blah. So 224 00:12:58,170 --> 00:12:59,520 S1: it's about silvergate there too. 225 00:12:59,550 --> 00:13:02,580 S3: That recently crashed, which is a horrible thing. They're going out. 226 00:13:02,580 --> 00:13:04,350 S3: So it's just there's a lot of stuff going on. 227 00:13:04,350 --> 00:13:06,569 S3: There's this week. To me, Joe, it seems like there's 228 00:13:06,570 --> 00:13:08,339 S3: a lot of positive things going on and there's a 229 00:13:08,340 --> 00:13:11,400 S3: lot of sort of interesting things that could move the 230 00:13:11,400 --> 00:13:14,490 S3: needle downwards. And so it's like we could be entering 231 00:13:14,490 --> 00:13:19,170 S3: a little interesting time. But based on news overall, it 232 00:13:19,170 --> 00:13:22,500 S3: seems like we could be in the beginning of a 233 00:13:22,500 --> 00:13:25,350 S3: bull run that could roll for a long time, but 234 00:13:25,350 --> 00:13:27,240 S3: we could just be in the early stages of it. 235 00:13:27,240 --> 00:13:29,819 S3: But we might see short term sort of drops. 236 00:13:30,150 --> 00:13:34,770 S1: Well, the Bitcoin having, I believe, is just about a 237 00:13:34,770 --> 00:13:37,380 S1: year from now. I'm actually looking it up to see 238 00:13:37,380 --> 00:13:40,439 S1: if I can find the actual date that it's going 239 00:13:40,440 --> 00:13:45,359 S1: to take place. It definitely happens in 2024. And I've 240 00:13:45,360 --> 00:13:49,890 S1: read before that it was around March or April that 241 00:13:49,890 --> 00:13:52,650 S1: it was going to happen. So if that's the case, 242 00:13:52,650 --> 00:13:55,740 S1: we're just a little more than a year out from 243 00:13:55,740 --> 00:14:00,510 S1: having and when the having approaches, it automatically puts us 244 00:14:00,510 --> 00:14:04,439 S1: into a bull market because it gets more expensive to 245 00:14:04,440 --> 00:14:08,040 S1: mine Bitcoin, right? And there's fewer Bitcoin out there and 246 00:14:08,040 --> 00:14:13,050 S1: there's fewer Bitcoin that come into circulation from mining. So 247 00:14:13,050 --> 00:14:16,350 S1: because it's a scarce resource, you have more people competing 248 00:14:16,350 --> 00:14:20,520 S1: for it. The price to mine it goes up, rewards 249 00:14:20,520 --> 00:14:23,190 S1: are less and it's going to drive the price up. 250 00:14:23,190 --> 00:14:26,100 S1: That's just how it's happened every cycle. And I don't 251 00:14:26,100 --> 00:14:30,000 S1: see how would we be any different with the next cycle, 252 00:14:30,000 --> 00:14:31,920 S1: which is about a year away from now? 253 00:14:32,130 --> 00:14:35,490 S3: Yeah, about a year away from now. And here we go. 254 00:14:35,490 --> 00:14:39,840 S3: You know, this could be this next one, though. I mean, 255 00:14:39,840 --> 00:14:43,440 S3: we're in such a weird time with the world economy, Joel, that, 256 00:14:43,440 --> 00:14:46,140 S3: you know, you would think like, that's why I thought 257 00:14:46,140 --> 00:14:48,270 S3: the last bull run, I was like, Dude, it's on. 258 00:14:48,270 --> 00:14:50,520 S3: I don't expect us to have a big drop. But 259 00:14:50,520 --> 00:14:53,370 S3: then again, we're not we're not huge financial advisors. We 260 00:14:53,370 --> 00:14:55,980 S3: don't really know. We're just guessing along, you know, most 261 00:14:55,980 --> 00:14:59,580 S3: everyone else because we don't have inside information of what 262 00:14:59,580 --> 00:15:01,710 S3: is real and what's not real. We're just kind of 263 00:15:01,710 --> 00:15:05,700 S3: putting it all together and it looks to me like 264 00:15:06,030 --> 00:15:09,060 S3: we're in for another ride. Interesting one. It's how it goes. 265 00:15:09,060 --> 00:15:10,140 S3: It's always interesting. 266 00:15:10,140 --> 00:15:14,550 S1: Yeah. Meanwhile, in the Dao world, in the state of Utah, 267 00:15:14,550 --> 00:15:18,420 S1: which is, I believe is it the first state legislature 268 00:15:18,420 --> 00:15:22,470 S1: to pass this? The Utah DAO Act grants daos legal 269 00:15:22,470 --> 00:15:27,720 S1: recognition and limited liability protections. In fact, they're now framing 270 00:15:27,720 --> 00:15:33,480 S1: them as Utah LDS limited liability. 271 00:15:33,480 --> 00:15:36,840 S3: Daos Yeah, for those of you who are unaware at 272 00:15:36,840 --> 00:15:39,180 S3: this point, you know, a DAO that's a community driven 273 00:15:39,180 --> 00:15:42,660 S3: organization operates through code and smart contracts. There's no central 274 00:15:42,660 --> 00:15:45,390 S3: authority or management of this thing. And so the fact 275 00:15:45,390 --> 00:15:48,090 S3: that there's a state out there that's utilizing this as 276 00:15:48,090 --> 00:15:51,720 S3: a new form and a legal entity that is huge. 277 00:15:51,720 --> 00:15:58,760 S3: Which reminds me of that one song, Don't Bring Me down, down, down, down, down, down. 278 00:15:58,800 --> 00:16:02,940 S1: Little yellow reference for you right there. I was. I 279 00:16:02,940 --> 00:16:03,960 S1: was thinking, by the way. 280 00:16:04,640 --> 00:16:06,020 S2: Biscuit dao down. 281 00:16:06,020 --> 00:16:12,690 S1: Now my our brains operate with song lyrics. I mean, 282 00:16:12,690 --> 00:16:15,840 S1: we're just we're programmed after years and years of listening 283 00:16:15,840 --> 00:16:18,930 S1: to music and I just music is a soundtrack of 284 00:16:18,930 --> 00:16:21,060 S1: our lives. And I just wish. 285 00:16:21,360 --> 00:16:23,880 S3: They wouldn't bring me Dao Bruce, whoever Bruce is. And 286 00:16:23,880 --> 00:16:26,550 S3: why is Bruce out there bringing people down? I don't know. 287 00:16:26,550 --> 00:16:27,840 S3: So it sounds like a dick move. 288 00:16:27,840 --> 00:16:31,710 S1: Bruce Fun fact and even more confusing is the lyric, 289 00:16:31,710 --> 00:16:34,410 S1: isn't Bruce Do you know what he's actually saying? 290 00:16:34,410 --> 00:16:36,330 S3: I have no idea. I always thought it was Bruce. 291 00:16:36,330 --> 00:16:37,140 S2: He's saying. 292 00:16:37,140 --> 00:16:42,540 S1: Gross. GROSS, don't bring me down. GROSS And I have 293 00:16:42,540 --> 00:16:46,650 S1: no idea what Jeff Lynne was smoking while he wow. 294 00:16:46,650 --> 00:16:49,500 S5: I always thought somebody named Bruce was wasn't Bruce. 295 00:16:49,500 --> 00:16:51,930 S1: Bruce has gotten the bad rap all these years. It 296 00:16:51,930 --> 00:16:54,000 S1: was never him. It was some dude named Springsteen. 297 00:16:54,000 --> 00:16:55,920 S3: It's like, why are they always saying these rude things 298 00:16:55,920 --> 00:16:57,330 S3: to me? I'm not bringing people down. 299 00:16:57,540 --> 00:16:58,110 S5: Hey, you're born. 300 00:16:58,110 --> 00:16:59,880 S2: To run, baby. Born to run. 301 00:17:00,420 --> 00:17:02,850 S1: So so the Dow is happening. And I think that 302 00:17:02,850 --> 00:17:05,580 S1: that's pretty cool. This is a big step towards mainstream 303 00:17:05,580 --> 00:17:08,399 S1: adoption of blockchain tech and decentralized. 304 00:17:08,400 --> 00:17:09,450 S5: It's huge, huge. 305 00:17:09,450 --> 00:17:11,129 S3: Information right there. Yeah. 306 00:17:11,280 --> 00:17:14,970 S1: Yeah. So this could mean, you know, by doing this, 307 00:17:14,970 --> 00:17:18,240 S1: it could encourage others to create more daos and. And 308 00:17:18,240 --> 00:17:21,869 S1: figure out how do we integrate these into traditional legal 309 00:17:21,869 --> 00:17:23,369 S1: and financial systems? 310 00:17:23,820 --> 00:17:27,690 S3: Yep. And speaking of Utah, Joel, the SEC is accusing 311 00:17:27,690 --> 00:17:31,710 S3: this Utah company, Green United. They say they're running an 312 00:17:31,710 --> 00:17:37,050 S3: $18 million crypto mining scam. And they basically were selling 313 00:17:37,050 --> 00:17:39,960 S3: crypto mining equipment that didn't mine what the company said 314 00:17:39,960 --> 00:17:42,179 S3: it was going to mine. And so it might have 315 00:17:42,180 --> 00:17:43,709 S3: been a big lie. 316 00:17:43,890 --> 00:17:46,139 S5: Mine, mine, mine, mine. 317 00:17:46,140 --> 00:17:46,710 S2: Mine, mine. 318 00:17:46,859 --> 00:17:49,890 S1: You know, the good, the bad and the ugly. Anywhere 319 00:17:49,890 --> 00:17:53,340 S1: that there is money, I don't care what those resources 320 00:17:53,340 --> 00:17:55,950 S1: look like. I don't care if it's traditional financial systems, 321 00:17:55,950 --> 00:18:01,290 S1: precious metals, cash on pallets, crypto, you know, stocks, whatever. 322 00:18:01,290 --> 00:18:03,960 S1: Whenever there is money, there are people who are going 323 00:18:03,960 --> 00:18:06,750 S1: to use the system ethically and there are those who 324 00:18:06,750 --> 00:18:09,419 S1: are going to skirt the the line and be in 325 00:18:09,420 --> 00:18:11,340 S1: the gray area and then you're going to have your 326 00:18:11,340 --> 00:18:15,149 S1: all out criminals. And that is human nature as old 327 00:18:15,150 --> 00:18:18,630 S1: as time. Tell me that in the earliest days of 328 00:18:18,630 --> 00:18:23,280 S1: mankind when people were bartering, you know, whatever they were creating, 329 00:18:23,280 --> 00:18:26,070 S1: that there weren't people making fraudulent versions of whatever that 330 00:18:26,070 --> 00:18:27,389 S1: thing was, you got to. 331 00:18:27,390 --> 00:18:31,830 S6: Check out these cowrie shells. All right? You're gonna love them, dude. Oh, dude. 332 00:18:31,830 --> 00:18:35,609 S6: 00100 of them. Okay. Okay. Here you go, OG. 333 00:18:35,609 --> 00:18:37,650 S3: But I want to just comment about those were. 334 00:18:37,650 --> 00:18:39,990 S1: Made in China. Those those fake ones. 335 00:18:40,920 --> 00:18:43,859 S3: Fake cowrie shells made in China. That's nice. So there's 336 00:18:43,859 --> 00:18:46,350 S3: somebody on the name on Green United as somebody by 337 00:18:46,350 --> 00:18:48,840 S3: the name of Wright. Thurston. 338 00:18:48,840 --> 00:18:51,140 S6: Doesn't that just sound like just a fancy. Isn't it 339 00:18:51,150 --> 00:18:53,400 S6: you universe with me? I'm right. Thurston. 340 00:18:53,400 --> 00:18:54,300 S5: Wait, Are you related? 341 00:18:54,750 --> 00:18:56,970 S3: The first name is right. That is weird. I've never 342 00:18:56,970 --> 00:18:57,600 S3: heard of that. 343 00:18:57,650 --> 00:18:59,730 S1: Supposed to be Thurston, Right? That would be. 344 00:18:59,730 --> 00:19:00,570 S5: THURSTON Right. 345 00:19:00,840 --> 00:19:03,750 S1: THURSTON Right. The third. And he's 43. 346 00:19:03,750 --> 00:19:06,389 S3: Like that could have been. THURSTON Why didn't my parents 347 00:19:06,390 --> 00:19:07,780 S3: name me that said? 348 00:19:08,010 --> 00:19:09,359 S6: And I could find a lovely. 349 00:19:11,130 --> 00:19:13,350 S1: Little Gilligan's Island reference. 350 00:19:13,350 --> 00:19:15,690 S5: There. We got all kinds of references today. Very nice 351 00:19:15,930 --> 00:19:16,980 S5: reference podcast. 352 00:19:16,980 --> 00:19:20,940 S1: Those are the the highlights of the the news this week. 353 00:19:20,940 --> 00:19:23,460 S1: And want to encourage you guys if you haven't done so. 354 00:19:23,460 --> 00:19:27,360 S1: Every day we see people joining the bad crypto nifty 355 00:19:27,359 --> 00:19:30,300 S1: club and of course the bad crypto family of shows 356 00:19:30,300 --> 00:19:33,270 S1: has expanded. Going to talk more about that in just 357 00:19:33,270 --> 00:19:35,700 S1: a moment. But if you do not yet have your 358 00:19:35,700 --> 00:19:39,720 S1: bad crypto nifty club membership, go ahead and grab it 359 00:19:39,720 --> 00:19:43,830 S1: from bad crypto dot Uncut FM. It's this cool red 360 00:19:43,830 --> 00:19:46,380 S1: spinny one right here. We don't give it away for 361 00:19:46,380 --> 00:19:48,570 S1: free because we don't want bots to take it. So 362 00:19:48,570 --> 00:19:52,870 S1: a little, very tiny minimal amount will get you in 363 00:19:52,869 --> 00:19:56,070 S1: and we're doing cool airdrops of stuff and we'll probably 364 00:19:56,070 --> 00:19:59,910 S1: have another one for you next week. But what we 365 00:19:59,910 --> 00:20:02,369 S1: wanted to tell you about is the new show, The 366 00:20:02,369 --> 00:20:06,990 S1: Bad I Show with a new spiffy website at Bad. 367 00:20:06,990 --> 00:20:11,159 S1: I show is up. The first couple episodes have already 368 00:20:11,160 --> 00:20:14,250 S1: hit and if you have not checked them out yet, 369 00:20:14,340 --> 00:20:19,380 S1: episode number two is ten Useful ways to use Chatgpt 370 00:20:19,560 --> 00:20:23,250 S1: to supercharge beginners. And we give actual use cases that 371 00:20:23,250 --> 00:20:26,250 S1: you can go and apply right now. So we encourage 372 00:20:26,250 --> 00:20:28,590 S1: you to go listen to that thing. 373 00:20:29,700 --> 00:20:32,250 S3: Yes, I tell you what, the people who've tuned in, 374 00:20:32,250 --> 00:20:35,159 S3: they said they're glad that we're tackling AI so they 375 00:20:35,160 --> 00:20:37,350 S3: can understand it because a lot of people who tuned 376 00:20:37,350 --> 00:20:40,800 S3: in to crypto really wanted us to help them understand 377 00:20:40,800 --> 00:20:43,920 S3: crypto as we were understanding and learning about crypto. So 378 00:20:43,920 --> 00:20:46,500 S3: we're doing that exact same thing with AI because really 379 00:20:46,500 --> 00:20:49,440 S3: technically that's how Joel and I have always done things. 380 00:20:49,440 --> 00:20:52,680 S3: I mean, Job created one of the first 10,000 websites ever. 381 00:20:52,680 --> 00:20:55,800 S3: I first got online. I learned how to code HTML 382 00:20:55,800 --> 00:20:58,890 S3: and CSS within my first 36 hours of being online. 383 00:20:58,890 --> 00:21:01,590 S3: Like we see it, we go, What does this do? 384 00:21:01,590 --> 00:21:04,410 S3: This is interesting. How can we use it? How can 385 00:21:04,410 --> 00:21:07,560 S3: others benefit? Oh, let's teach people about that. Then we 386 00:21:07,560 --> 00:21:09,659 S3: teach about and then we start seeing what's coming next 387 00:21:09,660 --> 00:21:12,000 S3: and we go, Oh, look, this is coming. But I 388 00:21:12,000 --> 00:21:15,869 S3: would say this, Joel Crypto is not going away. This 389 00:21:15,869 --> 00:21:18,960 S3: is part of the new Web3 ecosystem. When you're talking 390 00:21:18,960 --> 00:21:26,850 S3: about Nfts AI Web3 crypto. AR VR, right? Metaverse stuff. 391 00:21:26,850 --> 00:21:29,850 S3: This is all part of one ecosystem and we're here 392 00:21:29,850 --> 00:21:34,350 S3: to help you guys sort of circumnavigate the globe of 393 00:21:34,350 --> 00:21:35,550 S3: all of the things. 394 00:21:35,590 --> 00:21:36,390 S2: In fact, we're. 395 00:21:36,390 --> 00:21:39,480 S1: Doing so many things right now. There's bad crypto, there's 396 00:21:39,480 --> 00:21:41,970 S1: the nifty show, there's the Web3 Show, there's the bad 397 00:21:41,970 --> 00:21:45,900 S1: AI show, there's the blockchain Heroes Nfts, there's the bad crypto, 398 00:21:45,900 --> 00:21:49,260 S1: nifty Club, there's AI Telegraph, Dot IO, there's World Village. 399 00:21:49,859 --> 00:21:52,680 S1: What we're going to do is we're creating a new 400 00:21:52,680 --> 00:21:56,940 S1: website at called Bad Media, and the site's not live yet, 401 00:21:56,940 --> 00:21:58,350 S1: so I'm not going to give you the link right now, 402 00:21:58,350 --> 00:22:01,199 S1: but bad media is going to encompass all of the 403 00:22:01,200 --> 00:22:05,160 S1: things in the Joel Travis and Rails universe so that 404 00:22:05,160 --> 00:22:07,890 S1: you've got a one stop shop to go discover all 405 00:22:07,890 --> 00:22:10,649 S1: the different things that we're working on in the content 406 00:22:10,650 --> 00:22:13,199 S1: that we want to provide to you. So we should 407 00:22:13,200 --> 00:22:15,030 S1: be able to announce that probably in about a week 408 00:22:15,030 --> 00:22:17,780 S1: or so that we've got that ready is. When, Sir 409 00:22:17,800 --> 00:22:20,020 S1: Lord Travis has it done? I did want to point 410 00:22:20,020 --> 00:22:22,720 S1: out this cool nft that you see on the screen, 411 00:22:22,720 --> 00:22:25,570 S1: if you're watching the visual version of the show, is 412 00:22:25,570 --> 00:22:28,540 S1: a free NFT. We're going to be giving away to 413 00:22:28,540 --> 00:22:32,379 S1: founders of the Bad AI show. If you go to 414 00:22:33,130 --> 00:22:38,480 S1: a bad A, it's a bad AI show forward slash NFT. 415 00:22:38,500 --> 00:22:40,480 S1: You can go claim this. This is separate from the 416 00:22:40,480 --> 00:22:43,239 S1: bad crypto nifty club. Okay. This is this is an 417 00:22:43,240 --> 00:22:46,810 S1: airdrop specifically for people who sign up on this page 418 00:22:46,810 --> 00:22:49,540 S1: with their ETH wallet and we're going to cut it 419 00:22:49,540 --> 00:22:52,629 S1: off when you least expect it. And then there will 420 00:22:52,630 --> 00:22:56,080 S1: be no more of these nfts minted. So go grab 421 00:22:56,080 --> 00:23:01,480 S1: one at bad show forward slash NFT and our ask 422 00:23:01,480 --> 00:23:03,640 S1: of you because we love giving you stuff. We are 423 00:23:03,640 --> 00:23:04,570 S1: going to ask. 424 00:23:04,570 --> 00:23:05,290 S2: That you please. 425 00:23:05,290 --> 00:23:08,680 S1: Review. Help us with the new podcast. If you enjoy it, 426 00:23:08,680 --> 00:23:11,440 S1: go and review us on iTunes. Go ahead and leave 427 00:23:11,440 --> 00:23:14,710 S1: a comment on YouTube. Subscribe Hit the bell and that'll 428 00:23:14,710 --> 00:23:17,110 S1: be encouraging to us. We'll say, Hey, we like what 429 00:23:17,109 --> 00:23:19,450 S1: you guys are doing. We want you to do more. 430 00:23:19,570 --> 00:23:23,350 S1: Nobody is paying us to do this, right? We do 431 00:23:23,350 --> 00:23:26,710 S1: this because we love it. We follow our passions. We 432 00:23:26,710 --> 00:23:29,109 S1: play with the toys because we're like kids in a 433 00:23:29,109 --> 00:23:30,879 S1: candy store and love to do it. And we create 434 00:23:30,880 --> 00:23:34,270 S1: the content to help others. You know, Travis has said 435 00:23:34,270 --> 00:23:38,020 S1: he wants to make a thousand millionaires in his life. 436 00:23:38,020 --> 00:23:40,510 S1: And what's that digital counter up to right now, Trav? 437 00:23:40,540 --> 00:23:41,440 S1: How many you got like? 438 00:23:41,619 --> 00:23:44,080 S3: Well, it was up to almost two, but then we 439 00:23:44,080 --> 00:23:48,130 S3: had the crypto crash, so it's down to -17, but 440 00:23:48,130 --> 00:23:50,530 S3: we're working on it. So I would I would say 441 00:23:50,530 --> 00:23:53,530 S3: this is, you know, thank you for tuning in. My 442 00:23:53,530 --> 00:23:57,040 S3: focus right now is building the YouTube channel. And so 443 00:23:57,040 --> 00:24:00,190 S3: if you could watch some because these right here, the 444 00:24:00,190 --> 00:24:03,940 S3: eye show stuff, this is perfect for YouTube. You want 445 00:24:03,940 --> 00:24:05,649 S3: to watch it because we're going to show you some 446 00:24:05,650 --> 00:24:06,939 S3: of the things you can listen to it on the 447 00:24:06,970 --> 00:24:10,660 S3: on the podcast. And that's okay. But the visuals behind 448 00:24:10,660 --> 00:24:13,989 S3: it are really helpful. So I would recommend subscribing to 449 00:24:13,990 --> 00:24:17,350 S3: the YouTube channel if you have not already. And then 450 00:24:17,350 --> 00:24:21,310 S3: also liking posts and commenting. I'll go in there and 451 00:24:21,310 --> 00:24:23,440 S3: I'll comment back to you and stuff. So make sure 452 00:24:23,440 --> 00:24:26,710 S3: you do that. And if you're really interested in our 453 00:24:26,710 --> 00:24:29,200 S3: content and you want to watch the show and you're 454 00:24:29,200 --> 00:24:32,830 S3: watching this one on YouTube, just click right here at 455 00:24:32,830 --> 00:24:35,380 S3: this card we're going to put up and then that 456 00:24:35,380 --> 00:24:38,980 S3: right there will allow you to to stay bad in 457 00:24:38,980 --> 00:24:40,149 S3: that area. What else you got to. 458 00:24:40,150 --> 00:24:40,690 S5: Say, Mr. Joe? 459 00:24:40,869 --> 00:24:41,680 S2: That's all the badness. 460 00:24:41,680 --> 00:24:43,930 S1: Well, you know, I just want to recognize that yesterday 461 00:24:43,930 --> 00:24:47,650 S1: was International Women's Day. I'm not a big fan of 462 00:24:47,650 --> 00:24:51,820 S1: having a day for a gender. I feel like every 463 00:24:51,820 --> 00:24:55,660 S1: day is Women's Day. Women are amazing. They're smart. They're 464 00:24:55,690 --> 00:24:59,889 S1: they're funny, they're creative, they're clever, they're beautiful. And I 465 00:24:59,890 --> 00:25:03,280 S1: feel like every day is International Women's Day. But they 466 00:25:03,280 --> 00:25:05,139 S1: put it on the calendar. And I just wanted to 467 00:25:05,140 --> 00:25:09,080 S1: shout out recognition to to Erin Cell and Gene T 468 00:25:09,250 --> 00:25:12,669 S1: for their show, the Nifty Chicks sister show to the 469 00:25:12,670 --> 00:25:16,239 S1: Nifty show, all by women featuring women. And you can 470 00:25:16,240 --> 00:25:20,169 S1: go check them out at the Nifty Chicks Dot IO 471 00:25:20,170 --> 00:25:22,780 S1: go listen to their podcast and support them. 472 00:25:22,780 --> 00:25:24,700 S3: You know what I would say, Joel is like the 473 00:25:24,790 --> 00:25:27,340 S3: I think the International Women's Day is a great idea. 474 00:25:27,340 --> 00:25:30,190 S3: I don't mind that. But I just don't like how 475 00:25:30,190 --> 00:25:32,290 S3: close it is to Valentine's Day. Like you mean. Tell 476 00:25:32,290 --> 00:25:34,480 S3: me I got a Valentine's Day and then three weeks 477 00:25:34,480 --> 00:25:36,879 S3: later I got to do the same shit again. How 478 00:25:36,880 --> 00:25:41,290 S3: about make International Women's Day like in like August or something? 479 00:25:41,290 --> 00:25:44,980 S3: Like six? How about August 14th? So it's literally six 480 00:25:44,980 --> 00:25:48,580 S3: months in between. That would be good. And but I 481 00:25:48,580 --> 00:25:50,290 S3: made a joke about this. It was like. 482 00:25:50,890 --> 00:25:52,450 S5: Somebody messaged me, So Women's Day. 483 00:25:52,450 --> 00:25:54,520 S3: Is there an International Men's Day? And I'm like, Yeah, 484 00:25:54,520 --> 00:25:57,850 S3: it starts tomorrow and then it goes until March 7th 485 00:25:57,850 --> 00:26:01,190 S3: next year. But that was a joke. 486 00:26:01,240 --> 00:26:01,990 S5: Don't cancel us. 487 00:26:02,080 --> 00:26:06,129 S1: Thanks for watching and or listening and extra thanks to 488 00:26:06,130 --> 00:26:08,200 S1: those of you who go out of your way to 489 00:26:08,200 --> 00:26:12,400 S1: review and subscribe. You help keep things going. We'll catch 490 00:26:12,400 --> 00:26:16,170 S1: you on the next episode. Until then, stay back. 491 00:26:32,050 --> 00:26:32,770 S7: Who's bad? 492 00:26:34,340 --> 00:26:38,150 S1: The Bad Crypto podcast is a production of Bad Crypto LLC. 493 00:26:38,180 --> 00:26:41,030 S1: The content of the show, the videos and the website 494 00:26:41,030 --> 00:26:45,169 S1: is provided for educational, informational and entertainment purposes only. It's 495 00:26:45,170 --> 00:26:49,070 S1: not intended to be and does not constitute financial investment 496 00:26:49,070 --> 00:26:52,129 S1: or trading advice of any kind. You shouldn't make any 497 00:26:52,130 --> 00:26:55,760 S1: decisions as to finances, investing, trading or anything else based 498 00:26:55,760 --> 00:27:00,290 S1: on this information without undertaking independent due diligence and consultation 499 00:27:00,290 --> 00:27:03,710 S1: with a professional financial advisor, Please understand that the trading 500 00:27:03,710 --> 00:27:08,780 S1: of bitcoins and alternative cryptocurrencies have potential risks involved. Anyone 501 00:27:08,780 --> 00:27:11,180 S1: wishing to invest in any of the currencies or tokens 502 00:27:11,180 --> 00:27:14,540 S1: mentioned on this podcast should first seek their own independent 503 00:27:14,540 --> 00:27:16,580 S1: professional financial advisor. 504 00:27:17,240 --> 00:27:17,900 S8: Oh. 505 00:27:20,990 --> 00:27:23,810 S9: Get your finger out of my face. I like that 506 00:27:23,810 --> 00:27:30,290 S9: finger again. I can do this all day. I don't 507 00:27:30,290 --> 00:27:32,750 S9: know that I want to get tired. Yeah, that's it. 508 00:27:33,410 --> 00:27:33,910 S9: It's just one. 509 00:27:38,240 --> 00:27:38,960 S5: That's horrible.