WEBVTT - Will CZ Get Arrested? Bad News For April 4, 2023 0:00:00.120 --> 0:00:03.300 Bank runs appear to be the in thing for 2023 0:00:03.300 --> 0:00:06.240 and Bitcoin seems to be holding its own as the 0:00:06.240 --> 0:00:09.959 hedge against the collapse of the US dollar. Tim Draper 0:00:09.960 --> 0:00:13.670 even recommends that startups hold bitcoin for that very reason. 0:00:13.680 --> 0:00:17.489 Now the US government's going after CS and Binance for 0:00:17.489 --> 0:00:22.560 selling illegal securities. Elon Musk trolls Twitter users and Dogecoin 0:00:22.560 --> 0:00:26.820 Pops 30%. Jp morgan Trolls ripple on behalf of the 0:00:26.820 --> 0:00:30.150 SEC and the courts are trolling Michael Turpin in his 0:00:30.150 --> 0:00:33.930 bid to recover $24 million that was lost when his 0:00:33.930 --> 0:00:38.519 SIM was swapped and boy, is he pissed. As for us, well, 0:00:38.520 --> 0:00:41.700 we're going to continue trolling you on this bad news. 0:00:41.700 --> 0:00:47.530 Episode number 677. Of the Bad Crypto podcast. 0:00:47.560 --> 0:00:53.740 543010. 0:00:54.120 --> 0:00:56.890 It's the Who's bad. 0:01:15.840 --> 0:01:17.789 Welcome to the crypto podcast. The show for the crypto 0:01:17.790 --> 0:01:20.819 curious in the crypto serious we are trolling and. 0:01:20.819 --> 0:01:22.949 Rolling and Travis saying. 0:01:23.040 --> 0:01:25.470 That is good. Yeah I bet they're thinking at this 0:01:25.470 --> 0:01:27.420 point like oh, they're going to troll us. Like why 0:01:27.420 --> 0:01:30.270 do I even listen to this show? Because you have 0:01:30.270 --> 0:01:33.480 a sense of humor. You love technology and you have 0:01:33.480 --> 0:01:35.850 a sense of humor, so you've come to the right place. 0:01:35.850 --> 0:01:37.949 If you take in life a little too serious, you 0:01:37.950 --> 0:01:40.620 might be in the wrong place. But if you like 0:01:40.620 --> 0:01:42.600 to crack jokes and have fun, be a little bit 0:01:42.600 --> 0:01:45.240 of a smart ass. Make make corn jokes. You're in 0:01:45.240 --> 0:01:48.930 the right place. You have found bad. Crypto is not bad. 0:01:48.930 --> 0:01:49.740 We are. 0:01:49.740 --> 0:01:52.350 We are. But are the markets bad? I don't know. 0:01:52.350 --> 0:01:56.400 Let's take a look. Timestamp is the 4th of April 0:01:56.400 --> 0:02:00.300 at 1:30 p.m.. Atlantic Standard Time. Total Crypto Market cap 0:02:00.300 --> 0:02:07.650 $1.2 trillion. Bitcoin 28,001 61 Ethereum on a 9% run 0:02:07.650 --> 0:02:12.030 this week. Look at that spike up 1870 BNB 311. 0:02:12.030 --> 0:02:15.840 Even with the news we're going to share about XRP 0:02:15.870 --> 0:02:18.150 has been on a little bit of a move this week. 0:02:18.150 --> 0:02:23.460 $0.50 Cardano 39, Dogecoin, nine and a half cents. Polygon 0:02:23.460 --> 0:02:26.910 a buck 14. What do we got for big winners 0:02:26.910 --> 0:02:30.240 this week? 12. Holy cow. What is. Oh, look at that. Well. 0:02:30.840 --> 0:02:34.110 That's pretty impressive. I'm not even heard of that. But 0:02:34.110 --> 0:02:39.360 look at that 24 hour volume, almost $900 million. That 0:02:39.360 --> 0:02:41.700 to me says, Travis, you should probably look into that 0:02:41.700 --> 0:02:43.800 and see what that is, because I've not researched that. 0:02:43.800 --> 0:02:48.329 Casper never heard of Casper. I have heard of Casper Network, 0:02:48.330 --> 0:02:52.230 which is great. And then look at Dogecoin right there, 30%. 0:02:52.230 --> 0:02:55.440 That was pretty impressive. And there's some other stuff that's 0:02:55.440 --> 0:02:57.959 been popping up as well, but we're looking at Joel screen. 0:02:57.960 --> 0:02:59.720 So there we go. Those are the yeah, we'll. 0:03:00.030 --> 0:03:03.660 We it might be time for a maybe not a 0:03:03.660 --> 0:03:05.940 crypto roulette but for us to do a show where 0:03:05.940 --> 0:03:08.040 we go through the top hundred and look at some 0:03:08.040 --> 0:03:09.899 of these that we have no idea what they are. 0:03:09.900 --> 0:03:12.870 I think maybe the top 300 might be good because 0:03:12.870 --> 0:03:17.700 top 100 is is is a certain class. But it's 0:03:17.700 --> 0:03:20.100 like those ones that are I think are the ones 0:03:20.100 --> 0:03:24.269 that are like 75 to 150 is like a really 0:03:24.270 --> 0:03:27.480 good range probably because it's like those are the ones 0:03:27.480 --> 0:03:30.450 that could, you know, you can go from 150 and 0:03:30.540 --> 0:03:32.550 next thing you know you're in the top 20 if 0:03:32.550 --> 0:03:35.970 something hits big, right? So maybe what we'll do in 0:03:35.970 --> 0:03:37.620 the near future is we'll take a look at some 0:03:37.620 --> 0:03:41.490 of those maybe number 75 to 225 or something. I'm 0:03:41.490 --> 0:03:44.280 looking at 150 of them and see like what's out there. 0:03:44.280 --> 0:03:47.730 So it's interesting. I think I don't dislike that idea 0:03:47.910 --> 0:03:48.690 at all. 0:03:48.870 --> 0:03:51.540 I'm going to look at number 232 because now you 0:03:51.540 --> 0:03:53.190 got me on a thing here and I'm just going 0:03:53.190 --> 0:03:57.270 to be totally random and go number 232 is Energy Web. 0:03:57.270 --> 0:03:59.550 Never heard of it. Not going to dig into it 0:03:59.550 --> 0:04:02.130 right now. Going to go into the story here about Bitcoin, 0:04:02.130 --> 0:04:06.660 liquidity has dropped to a ten month low and it's 0:04:06.660 --> 0:04:10.500 it's getting harder, I guess, for people to to get 0:04:10.500 --> 0:04:14.070 the coins that they want because of the banking crisis. 0:04:14.130 --> 0:04:19.590 And that's where like when Bitcoin eventually does do the 0:04:19.589 --> 0:04:22.320 pop pop, it's going to be because people can't get 0:04:22.320 --> 0:04:24.420 their bitcoin and they're going to buy them for whatever 0:04:24.420 --> 0:04:28.800 they want. Remember, gang, there's only 21 million Bitcoin ever. 0:04:28.800 --> 0:04:32.970 About 19.5 million have been mined. It's going to be 0:04:32.970 --> 0:04:36.930 100 years before the final Bitcoin is mined. You got 0:04:36.930 --> 0:04:40.110 to figure that 4 million are lost. A bunch are 0:04:40.110 --> 0:04:43.320 in strong hands that are never selling. So you've got 0:04:43.320 --> 0:04:46.800 8 billion people around the world that are going to 0:04:46.800 --> 0:04:51.630 be clawing their way for about, what, 13 million Bitcoin 0:04:52.310 --> 0:04:53.120 that is? 0:04:53.430 --> 0:04:55.260 Yeah, I don't know if you mentioned how many are 0:04:55.260 --> 0:04:59.430 potentially lost, but that's like I've heard we've heard as 0:04:59.430 --> 0:05:02.430 few as 2 million. I've heard as many as 5 0:05:02.430 --> 0:05:05.969 million are lost, like how many are lost? And that 0:05:05.970 --> 0:05:08.880 says how many of them are selling them, How many 0:05:08.880 --> 0:05:13.440 people are wanting to get rid of their cryptos. Right? 0:05:13.440 --> 0:05:16.980 So it would almost seem that the you know, on 0:05:16.980 --> 0:05:19.800 a normal cycle, Bitcoin might not be ready to rock 0:05:19.800 --> 0:05:22.230 and roll on a normal cycle. But if you've looked 0:05:22.230 --> 0:05:25.470 at this economy, this is anything other than normal at 0:05:25.470 --> 0:05:28.320 this point. And this could be the mother of all 0:05:29.130 --> 0:05:33.210 for the collapse of well, we know the banking of 0:05:33.210 --> 0:05:36.360 crypto friendly banks are starting to go away. It's almost 0:05:36.360 --> 0:05:39.180 like when you see the Restrict act and some of 0:05:39.180 --> 0:05:42.180 the other stuff that's going on. Joel It's almost like 0:05:42.750 --> 0:05:45.690 crypto is under fire big time in America. It's almost 0:05:45.690 --> 0:05:49.050 like the elites have said, we don't like it almost. 0:05:49.070 --> 0:05:49.920 It's I'm trying. 0:05:49.920 --> 0:05:52.170 I'm trying to not be a conspiracy guy all the time. 0:05:52.180 --> 0:05:55.260 That's clearly under fire. There's not even a question about it. 0:05:55.260 --> 0:05:57.540 Now you have exchanges volunteering. I got an email. 0:05:57.540 --> 0:06:00.539 From Bittrex, which I've used in the past, and they're like. 0:06:00.540 --> 0:06:01.799 Hey, you know what guys do. 0:06:01.800 --> 0:06:05.219 To questions about regulation? We're going to stop offering to 0:06:05.220 --> 0:06:07.740 us customers, You got 30 days to get your stuff out. 0:06:07.800 --> 0:06:09.240 So yeah, so long. 0:06:09.660 --> 0:06:11.490 Have a good yeah, with my son. Last night we 0:06:11.490 --> 0:06:13.200 told him about it and he was like, Oh my God, really? 0:06:13.200 --> 0:06:13.500 And he got. 0:06:13.490 --> 0:06:14.480 A bunch of his stuff. 0:06:14.720 --> 0:06:15.710 Off of there. 0:06:16.279 --> 0:06:19.790 And Julie had a great conversation with him last night. Actually, 0:06:19.790 --> 0:06:21.859 we got I got on Discord Server we were working 0:06:21.860 --> 0:06:25.580 on and I ended up having like a three hour conversation. 0:06:25.580 --> 0:06:28.430 If you have teenagers or somebody who's in their young 0:06:28.430 --> 0:06:31.310 20s or, you know, under the age of 30, get 0:06:31.310 --> 0:06:33.950 on discord with them and have a video call like 0:06:33.950 --> 0:06:36.320 you would normally have on a Zoom business call or something. 0:06:36.320 --> 0:06:39.920 I think that's the kid's choice of place to hang out. 0:06:39.920 --> 0:06:42.020 And so give them a call and hang out and 0:06:42.020 --> 0:06:44.960 share your screen. I was teaching him all kinds of 0:06:44.960 --> 0:06:47.539 AI stuff last night. Joel Which was pretty fun. 0:06:47.540 --> 0:06:51.230 Nice. You know, one of the traditional hedges against the 0:06:51.230 --> 0:06:55.040 the dollar falling has been precious metals. And just, you know, 0:06:55.070 --> 0:06:57.860 to point out crazy times. Look at this, the price 0:06:57.860 --> 0:07:02.480 of gold back over $2,000 an ounce and silver. Yeah. 0:07:02.480 --> 0:07:04.970 I mean, you could see when the when the rails, 0:07:04.970 --> 0:07:07.610 you know, wheels started really falling off here off the 0:07:07.610 --> 0:07:09.290 banking system and ba boom. 0:07:09.290 --> 0:07:11.300 There's not even that big of like, oh my God, 0:07:11.300 --> 0:07:13.280 look at that. Yeah. It's gone up 2%. 0:07:13.940 --> 0:07:14.140 Yeah. 0:07:14.870 --> 0:07:19.310 Right. I mean, it's like not huge, but any, I mean, realistically, 0:07:19.310 --> 0:07:23.360 in my opinion, Joel Gold should be probably $20,000 an 0:07:23.360 --> 0:07:26.450 ounce if not $200,000 an ounce. Really. 0:07:26.480 --> 0:07:29.000 Thing is, we don't know what if, what if, you know, 0:07:29.000 --> 0:07:32.240 huge deposits of gold or in silver are discovered on Mars, 0:07:32.240 --> 0:07:33.860 You know, all of a sudden there's like we don't 0:07:34.040 --> 0:07:35.930 they they estimate how much is in the earth and 0:07:35.930 --> 0:07:38.720 how much is in supply. But all of a sudden 0:07:38.720 --> 0:07:40.070 they could discover all these. 0:07:40.310 --> 0:07:43.340 It's not finite. It's not like Bitcoin where there's only 0:07:43.340 --> 0:07:45.770 21 million because we could literally be there could be 0:07:45.770 --> 0:07:48.590 a big, huge comet that flies by or some asteroid 0:07:48.590 --> 0:07:52.130 that's all precious metals mostly. And there's a lot of 0:07:52.130 --> 0:07:55.430 scientists who think that that's a probability, is that there's, 0:07:55.430 --> 0:07:59.000 you know, big meteor meteors or asteroids. I'm like, Dude, 0:07:59.000 --> 0:08:02.420 give me some of them's or or maybe we just 0:08:02.420 --> 0:08:05.150 need to learn some alchemy. Joel, and turn lead into 0:08:05.150 --> 0:08:07.400 gold and be like, Oh, I need to turn lead 0:08:07.400 --> 0:08:10.490 into Bitcoin. I get into gold, trade it for Bitcoin. 0:08:10.520 --> 0:08:10.790 That'd be. 0:08:10.790 --> 0:08:11.630 Pretty good. Well, that's. 0:08:11.630 --> 0:08:14.720 What we do as entrepreneurs, right? We're always doing alchemy 0:08:14.720 --> 0:08:17.600 and spinning nothing into into something. 0:08:17.750 --> 0:08:19.730 So thoughts, into things. 0:08:19.730 --> 0:08:24.650 This thing about season. So bitcoin is up crazily even 0:08:24.650 --> 0:08:28.100 though Binance and CC could be in trouble. And you know, 0:08:28.100 --> 0:08:32.870 in this story he is under investigation by US regulators 0:08:32.870 --> 0:08:38.990 and is wanted by Interpol. And so like Binance is, 0:08:38.990 --> 0:08:43.579 is not the last exchange by any measure. There's a 0:08:43.580 --> 0:08:46.460 lot of exchanges. But in terms of one that has 0:08:46.460 --> 0:08:50.000 served US customers to some degree and is the biggest 0:08:50.000 --> 0:08:52.640 in the world, this is kind of a big deal. 0:08:53.420 --> 0:08:59.630 This is the to me, it seems like it's it's 0:08:59.630 --> 0:09:03.349 the final frontier, right? And it's like, here we are. 0:09:03.350 --> 0:09:07.250 We're we're fighting for decentralization. But now what's happening? People 0:09:07.250 --> 0:09:09.350 who go, oh, no joke about conspiracies. 0:09:09.350 --> 0:09:10.470 And government has nothing to it. 0:09:10.490 --> 0:09:13.970 Government has everything to do with this whole thing. That's like. 0:09:13.970 --> 0:09:16.820 So when we talk about some of these conspiracy theories, 0:09:16.820 --> 0:09:20.210 it's not so much about, you know, all these people 0:09:20.210 --> 0:09:23.000 are bad because I don't think most politicians are bad. 0:09:23.000 --> 0:09:26.510 I think there's a few that are nefarious and they 0:09:26.510 --> 0:09:29.179 are so in it for their own public gain that 0:09:29.179 --> 0:09:32.840 they don't want to see other people have gains. And so, 0:09:32.840 --> 0:09:35.000 you know, it would seem to me, based on what 0:09:35.000 --> 0:09:37.580 I know and the research that I've done around and 0:09:37.580 --> 0:09:40.370 the conversation we've had with this dude, they seem to 0:09:40.370 --> 0:09:42.560 try to do everything on the up and up as 0:09:42.559 --> 0:09:45.650 much as possible. And it's like if they want to 0:09:45.650 --> 0:09:50.060 go after people. Joel Why is Sam Bankman-fried? Why do 0:09:50.059 --> 0:09:52.010 they just let him go? He came to America and 0:09:52.010 --> 0:09:55.430 he was immediately out of jail. Why? Because he donated 0:09:55.429 --> 0:09:59.510 millions and millions of dollars to a certain political class 0:09:59.510 --> 0:10:02.240 of people who said, okay, you go now we want 0:10:02.240 --> 0:10:05.240 to take down the other people and make people scared 0:10:05.240 --> 0:10:08.300 to even do business in America. Right. So they can 0:10:08.330 --> 0:10:11.480 then kill all the crypto on and off ramps. How 0:10:11.480 --> 0:10:13.819 do you hedge your bet on this? Get yourself some 0:10:13.820 --> 0:10:15.800 Bitcoin because worst case scenario is you're going to have 0:10:15.800 --> 0:10:19.460 Bitcoin be able to trade Bitcoin to Bitcoin and circumvent 0:10:19.460 --> 0:10:23.030 the system that is crashing anyways. Basically, we're going to 0:10:23.030 --> 0:10:25.939 be moving to a BRICS economy before we know it. 0:10:25.940 --> 0:10:31.070 As the dollar becomes worth less and less and less sounds. 0:10:31.070 --> 0:10:33.860 So conspiracy theory and yet all you got to do 0:10:33.860 --> 0:10:36.260 is look and go, This is exactly what's happening right 0:10:36.260 --> 0:10:39.949 before your eyes. And conspiracy theorists are pretty much batting 0:10:39.950 --> 0:10:44.000 a thousand. So Tim Draper, always the optimist as far 0:10:44.000 --> 0:10:48.170 as Bitcoin is concerned, says, Hey, if you're in a startup, 0:10:48.170 --> 0:10:50.660 then you probably want to have some Bitcoin as a 0:10:50.660 --> 0:10:54.050 hedge because you know what money you do have. If 0:10:54.050 --> 0:10:57.410 it's in the banks, it might not necessarily be safe 0:10:57.410 --> 0:11:00.500 and he he might be right about that. Of course, 0:11:00.500 --> 0:11:02.000 you know, if we went back and look at how 0:11:02.000 --> 0:11:06.469 many times Tim claimed something, predicted something, especially the price 0:11:06.470 --> 0:11:10.880 of bitcoin you know he's he's been extremely optimistic about 0:11:10.880 --> 0:11:13.630 where the price of bitcoin is going even in the short. Term. 0:11:13.630 --> 0:11:16.510 And it just it doesn't move like he always says 0:11:16.510 --> 0:11:17.380 it's going to. 0:11:17.559 --> 0:11:20.380 But we're in a place now, Joel, where the liquidity 0:11:20.380 --> 0:11:23.920 of available bitcoin is low, lowest that it's been in 0:11:23.920 --> 0:11:26.859 ten months, it's going to get lower and less and less. 0:11:26.860 --> 0:11:28.510 People are going to want to sell their Bitcoin. It's 0:11:28.510 --> 0:11:30.280 going to get to a point where people aren't willing 0:11:30.280 --> 0:11:32.650 to sell it at this price and so that's going 0:11:32.650 --> 0:11:35.860 to move the prices up. Once Bitcoin starts cruising up, 0:11:35.860 --> 0:11:38.260 most all the other bitcoins are going to start cruising 0:11:38.260 --> 0:11:40.150 up as well. And so then a big bull run 0:11:40.150 --> 0:11:42.550 is going to happen. So we are at the precipice 0:11:43.000 --> 0:11:47.980 of potentially an unprecedented bull run due to the fact 0:11:47.980 --> 0:11:53.020 of aggressive regulation and people trying to put the kibosh 0:11:53.200 --> 0:11:56.950 on crypto. For one, they never understood it. Now they're 0:11:56.950 --> 0:11:58.960 at the point, Oh shit, It's kind of a it's 0:11:58.960 --> 0:12:01.569 kind of a threat. How do we stop it? Oh, well, 0:12:01.570 --> 0:12:03.820 we got to start killing the banks that are most 0:12:03.820 --> 0:12:06.250 crypto friendly. Oh, which one do they start with? Which 0:12:06.250 --> 0:12:10.000 one goes down? Oh, Silicon Valley Bank, which houses and 0:12:10.000 --> 0:12:14.199 helps all these entrepreneurs. So it's interesting. Is there a 0:12:14.200 --> 0:12:18.610 battle going on? Most likely. Is this financial advice? No. However, 0:12:18.610 --> 0:12:21.850 pay attention because, you know, there's a lot of stuff 0:12:21.850 --> 0:12:23.439 going on. And you know what? I was having a 0:12:23.440 --> 0:12:25.720 conversation with Chris Snook the other day, and I think 0:12:25.720 --> 0:12:28.540 I mentioned it on another show, but it's like there's 0:12:28.540 --> 0:12:31.000 no shortage of things to look at. If you want 0:12:31.000 --> 0:12:33.760 to complain about something, there's no shortage of things to 0:12:33.760 --> 0:12:37.030 look and find that upsets you. One of the things 0:12:37.030 --> 0:12:39.070 that we like to do on this show, which we 0:12:39.070 --> 0:12:40.870 have done for the longest time, but we still talk 0:12:40.870 --> 0:12:43.150 about some of the things that that we bitch about 0:12:43.160 --> 0:12:44.949 because we don't like. We're going to let you know 0:12:44.950 --> 0:12:48.250 about them. But we also bring really amazing technologies as 0:12:48.250 --> 0:12:51.400 we learn, as we as we try to help everyone 0:12:51.400 --> 0:12:54.189 understand that things could get a little crazy. So let's 0:12:54.190 --> 0:12:57.010 all figure this stuff out so we can find a 0:12:57.010 --> 0:12:58.330 solution to help us. 0:12:58.330 --> 0:12:59.260 Avoid. 0:12:59.260 --> 0:13:03.579 Massive craziness. And, you know, we're looking for the optimistic 0:13:03.580 --> 0:13:06.609 things and trying to intend and create great things. But 0:13:06.610 --> 0:13:10.300 sometimes there's just crazy shit going on and it's hard 0:13:10.300 --> 0:13:11.110 not to talk about it. 0:13:11.110 --> 0:13:15.160 Joel And on the last episode we had Maine Senator, 0:13:15.160 --> 0:13:19.329 State Senator Brakey on and talked about legislation that was 0:13:19.330 --> 0:13:22.960 going to be coming before the the Maine Senate. So 0:13:22.960 --> 0:13:26.710 John Deaton is going to be testifying before Maine State 0:13:26.710 --> 0:13:29.709 for a crypto policy. This has to do with the 0:13:29.710 --> 0:13:34.990 bill that Senator Brakey is going to bring to to people. 0:13:34.990 --> 0:13:38.290 And John Deaton has been chosen by the XRP community 0:13:38.290 --> 0:13:43.900 to to represent the first crypto policy. It's going to 0:13:43.900 --> 0:13:46.800 follow the standard of the Wyoming laws that have passed. 0:13:46.809 --> 0:13:49.089 Of course, Caitlin Long, friend of the show, has been 0:13:49.090 --> 0:13:55.060 with us many times, is helping support the the Bills advancement. And, 0:13:55.059 --> 0:13:57.969 you know, XRP is just one of those things that 0:13:57.970 --> 0:14:01.720 the people that are in the community, the true fanboys, 0:14:01.720 --> 0:14:05.110 they just they're like Bitcoin purists. They can't see anything else. 0:14:05.110 --> 0:14:09.250 And I'm not saying it's a good or a bad thing. I'm, 0:14:09.250 --> 0:14:12.520 I'm fine. Any, I think any crypto other than the 0:14:12.520 --> 0:14:15.910 Cbdcs and the Fed coin is probably going to be 0:14:15.910 --> 0:14:19.230 good for crypto. But I like to look at all 0:14:19.240 --> 0:14:22.240 these things and if XRP ends up going boom, then 0:14:22.240 --> 0:14:22.600 I'm fine. 0:14:22.600 --> 0:14:24.340 I would not be surprised. I mean, think about it, 0:14:24.340 --> 0:14:27.190 it's all time high. Was $3 in something. And the 0:14:27.190 --> 0:14:29.230 reason the price is so low right now is because 0:14:29.230 --> 0:14:31.990 it's not easy to buy for a lot of people. Like, 0:14:31.990 --> 0:14:34.360 I can't we can't go out and buy any XRP 0:14:34.390 --> 0:14:36.280 on Coinbase like we used to or some of these 0:14:36.280 --> 0:14:39.520 other ones. There's probably some VPNs and some other things 0:14:39.520 --> 0:14:41.410 to try to go. But that's a that's a big 0:14:41.410 --> 0:14:43.810 hoop you got to jump through. And then a lot 0:14:43.810 --> 0:14:46.390 of these exchanges have been doing what they can to 0:14:46.390 --> 0:14:49.750 try to match regulations and be like, okay, we're going 0:14:49.750 --> 0:14:53.200 to try to work with you guys. But the powers 0:14:53.200 --> 0:14:55.360 that be don't seem to try to be working with them. 0:14:55.360 --> 0:14:59.260 They're just trying to create these these ridiculous rules. And 0:14:59.260 --> 0:15:02.020 but I like what you said about that, about Ripple and, 0:15:02.020 --> 0:15:03.790 you know, some of the things that's going on on that. 0:15:03.790 --> 0:15:07.060 It was $0.35 not long ago. Here it is, $0.50. 0:15:07.390 --> 0:15:10.430 This right here could be poised to go kaput. 0:15:10.900 --> 0:15:13.810 Well, and this is something interesting in this that the 0:15:13.810 --> 0:15:19.060 question is, is the SEC being influenced by JPMorgan in 0:15:19.060 --> 0:15:22.480 this ripple lawsuit? There's a Freedom of Information Act that's 0:15:22.480 --> 0:15:23.920 been put in saying, hey, is. 0:15:23.920 --> 0:15:28.330 There something shady going on Here is always. 0:15:28.330 --> 0:15:29.290 Some shady going. 0:15:29.290 --> 0:15:31.210 On. And the answer is yes, of. 0:15:31.210 --> 0:15:32.710 Course there is. 0:15:32.710 --> 0:15:33.790 Of course there is. 0:15:33.790 --> 0:15:36.550 You're talking with people that are they're greedy. They're just 0:15:36.550 --> 0:15:39.760 in this for themselves. They want to stop anything that's 0:15:39.760 --> 0:15:43.900 a threat to them. And there's some confidential documents and 0:15:43.900 --> 0:15:48.160 communications that are being asked for. I really don't know 0:15:48.160 --> 0:15:50.740 how this whole thing is going to pan out, but 0:15:50.890 --> 0:15:54.940 I sure hope that Ripple I'm not cheering for XRP 0:15:54.970 --> 0:15:57.700 as a coin necessarily. I'm not not cheering for it, 0:15:57.700 --> 0:16:01.780 but I would like to see the government lose this case. 0:16:02.830 --> 0:16:04.090 Well, any time the government. 0:16:04.090 --> 0:16:06.760 The judge and the jury. And if those are stacked, 0:16:06.940 --> 0:16:11.200 you know what happens when that happens. And now fun news. 0:16:11.200 --> 0:16:14.320 Dogecoin exploded. I don't think I saw this or not, 0:16:14.320 --> 0:16:18.970 but Elon Musk changed the Twitter icon from the bird 0:16:18.970 --> 0:16:20.550 to the doge there. 0:16:20.590 --> 0:16:23.260 And there it is with how. 0:16:23.260 --> 0:16:27.850 It went up 30 something percent originally. Overall, this was 0:16:27.940 --> 0:16:30.280 out yesterday. I think it was up 37% as of 0:16:30.280 --> 0:16:31.540 now in the last seven days. 0:16:31.540 --> 0:16:32.320 So this is. 0:16:32.320 --> 0:16:36.910 Trolling right here. This is master level trolling that have no. 0:16:36.950 --> 0:16:38.470 What could they say that? 0:16:38.470 --> 0:16:42.400 Oh, you put a doge logo up there. That's doge manipulation. 0:16:42.400 --> 0:16:45.160 Like if he has a bunch of dogecoin and he 0:16:45.160 --> 0:16:47.859 changed that logo and put it up there because that's 0:16:47.860 --> 0:16:50.590 his stake holding, can they come at him and say. 0:16:50.590 --> 0:16:54.040 Hey, you were manipulating your crypto Do like. 0:16:54.340 --> 0:16:57.550 Because they could probably bust him on that because we 0:16:57.550 --> 0:16:59.500 used to be land of the free. But it seems like. 0:16:59.500 --> 0:17:01.180 Those kind of he doesn't care. 0:17:01.690 --> 0:17:06.220 He doesn't care. He just does not care. He's like, 0:17:06.220 --> 0:17:08.619 I'm the richest man in the world. Screw you. I'm 0:17:08.619 --> 0:17:10.120 going to do what I want. Look, he posted this 0:17:10.119 --> 0:17:13.540 meme pulled over by a cop as a doge, pulled 0:17:13.540 --> 0:17:17.140 over by a police officer, and he's got wings on 0:17:17.140 --> 0:17:19.600 them and he's showing the driver's license to the police 0:17:19.600 --> 0:17:21.730 officer and he's got a Twitter bud and burn on it. 0:17:21.730 --> 0:17:23.650 And the doge says that's an old photo. 0:17:25.869 --> 0:17:27.189 I mean that's just. 0:17:27.520 --> 0:17:30.250 That's, that's so Elon Yeah. 0:17:30.250 --> 0:17:32.470 So I'm using the new app, I'm not using Twitter anymore, 0:17:32.470 --> 0:17:34.900 I'm using Dozer, which is. 0:17:35.580 --> 0:17:35.750 It's. 0:17:36.040 --> 0:17:40.450 The new Twitter I guess I just recently went through down. 0:17:40.810 --> 0:17:45.300 So my tweet stream typically lasts about 30 days and 0:17:45.340 --> 0:17:47.500 but then whatever bot I was using to clear out 0:17:47.500 --> 0:17:49.180 those old ones weren't clearing them out. So I had 0:17:49.180 --> 0:17:51.609 stuff going all the way back to like November. So 0:17:51.609 --> 0:17:53.650 I just cleared all of my stuff, so there shouldn't 0:17:53.650 --> 0:17:56.440 be any tweets of mine that's older than a month 0:17:56.440 --> 0:17:59.230 because you never know. Like sometimes I'll get on a 0:17:59.230 --> 0:18:02.220 little rant phase and I'll be like responding to people. 0:18:02.230 --> 0:18:03.910 Then I got all right, I got to I got. 0:18:03.910 --> 0:18:04.780 To delete all those. 0:18:04.780 --> 0:18:07.180 That reminds me, I'm probably do I do the same thing? 0:18:07.180 --> 0:18:09.370 I like treating them as ephemeral. I feel like they 0:18:09.369 --> 0:18:12.520 should be treated like Snapchat used to treat content. You 0:18:12.520 --> 0:18:15.700 put it up and 24 hours, it's later, it's gone. Like, 0:18:15.700 --> 0:18:19.419 what's the point of having old tweets unless you're trying 0:18:19.420 --> 0:18:23.920 to get somebody finally from space, from beyond? We got 0:18:23.920 --> 0:18:26.620 done talking about Elon Musk. He's doing stuff out there 0:18:26.619 --> 0:18:29.920 in space. Well, there is a satellite that is orbiting Earth. 0:18:29.920 --> 0:18:33.669 It is blockchain powered, a crypto SAT, and it's going 0:18:33.670 --> 0:18:39.550 to be a contributor to this Ethereum K, Z, G ceremony. 0:18:39.670 --> 0:18:45.370 This is part of the cryptographic foundation for Ethereum scaling. 0:18:45.369 --> 0:18:49.900 And this contribution is coming from outer space. What exactly 0:18:49.900 --> 0:18:51.640 is it going to do? 0:18:51.640 --> 0:18:52.270 How does it all. 0:18:52.300 --> 0:18:52.780 NICHOLS. 0:18:52.930 --> 0:18:54.250 McCluskey. 0:18:54.250 --> 0:18:56.649 What is this? Is that what did it say? Is 0:18:56.650 --> 0:19:01.150 this the honor, the KGB, the G? Oh, that's different. 0:19:01.270 --> 0:19:03.280 It's like thought they were talking about the FBI for 0:19:03.280 --> 0:19:05.080 a minute. I was like, what do you mean the KGB? 0:19:05.740 --> 0:19:09.129 Anyway, so there's a beacon out there in space and 0:19:09.130 --> 0:19:11.620 the satellites going to be sending data that can be 0:19:11.619 --> 0:19:13.990 verified with the use of this public key that was 0:19:13.990 --> 0:19:18.310 created in space. And this is pointy headed stuff that, 0:19:18.310 --> 0:19:21.040 you know, I don't understand, but it's kind of to me, 0:19:21.040 --> 0:19:24.250 it's just cool that, hey, there's a satellite out there 0:19:24.250 --> 0:19:27.609 and it's on the blockchain and and it's going to 0:19:27.609 --> 0:19:30.489 be sending packets, you know, back to Earth to do 0:19:30.490 --> 0:19:31.420 some crazy stuff. 0:19:31.420 --> 0:19:32.290 And, and I wonder how. 0:19:32.290 --> 0:19:35.320 Long until Elon Musk does that with with StarLink, you 0:19:35.320 --> 0:19:37.300 know what I mean? It's like you're using StarLink. And 0:19:37.300 --> 0:19:38.980 if you're using that with the Internet, then you're earning 0:19:38.980 --> 0:19:41.950 some StarLink tokens or something. You know, it's like there 0:19:41.950 --> 0:19:44.020 could be something cool with all of that. He's got 0:19:44.020 --> 0:19:46.330 all these satellites already up there doing stuff, bro. 0:19:46.500 --> 0:19:49.540 A couple new reviews here, five stars. We appreciate that 0:19:49.540 --> 0:19:53.379 by awesome show host and guest Joel and Travis. A 0:19:53.380 --> 0:19:57.220 unique way of making everything entertaining, even tax. I've listened 0:19:57.220 --> 0:19:59.560 to them since 2020 have learned so much about crypto 0:19:59.560 --> 0:20:03.129 nfts and the macro implications of these. The NFT drops 0:20:03.130 --> 0:20:05.169 have been a great help in understanding how it all works. 0:20:05.170 --> 0:20:07.570 They're now also getting into AI, and I look forward 0:20:07.570 --> 0:20:11.020 to the perspective. Of course they're talking about the bad 0:20:11.020 --> 0:20:15.879 AI show which you can go and check out, subscribe 0:20:15.880 --> 0:20:21.639 either audio or video version. Bad AI show is the 0:20:21.640 --> 0:20:24.670