40 Burst results for "50"
Simply Bitcoin
A highlight from $17.7 TRILLION IS COMING FOR YOUR BITCOIN | SB Originals
"I've recorded at least a couple of videos at this point talking about not selling your Bitcoin to BlackRock, how the institutions are coming, Fidelity, BlackRock, ARK, etc. The big players are coming and they want your Bitcoin. And I get the impression that many of you don't really appreciate why Bitcoin is so special, why the institutions do want your Bitcoin and will pay you whatever price they can to get it, and why selling it is the absolute last thing that you want to do. This article from Forbes is titled a fast growing 17 .7 trillion, that's T, trillion, Wall Street crypto earthquake is suddenly hurtling towards the Bitcoin and Ethereum price. Let's ignore that latter part, the Bitcoin price. Bitcoin has been thrust into severe uncertainty in recent months. Okay, first off, no, it hasn't. Maybe uncertainty if you don't understand Bitcoin, but this is baby sleeping time. This is not a time of uncertainty. These don't times matter in the grand scheme of things. The price dip and change from this to that is all irrelevant. It's all going to zero. And Bitcoin, on the other hand, is going up forever. So for the next little bit of the article, it talks about how the price has rose and dipped. And it's just a kind of a bunch of nonsense. But then it down here talks about Franklin Templeton. Franklin Templeton filed with the U .S. Securities Exchange Commission, the SEC, this week for a spot Bitcoin ETF, joining a flurry, that's an understatement, of applications that was kicked off by the world's largest asset manager. That's right, BlackRock in June and includes Fidelity, Invesco, Galaxy, Wisdom Tree, who between them manage 17 .7 trillion worth of assets. You have to realize that that's not really what matters. It's not that amount of money going into Bitcoin. It's what that signals to everyone else, because that 17 .7 trillion, yes, is under control by those asset managers. Yes, but you know what else happens when the big boys do things? Everybody else pays attention. So you get all these family offices going, wait a second, I'm sorry, BlackRock did what? They put what where? Oh, so, OK, I guess that's what we should do. This happens in every arena around the world. You can see it in literally everything. If a movie does something, other people try and copy it. If a technology does it, iPhones, for example, everybody else tries to copy it. So when BlackRock and Fidelity and Invesco, when they do move into the space and it is coming, they wouldn't all be filing for this just to do something to do because they're so bored. No, they're doing this because they want a piece of that. And why do they want a piece of it? Let's cut to something that seems completely unrelated. Post Malone has bought Magic's two million one ring card. And this is from the guy that found it. I believe he was in Toronto, Canada. When I found the one ring, the first person who came to mind was Post Malone. I have played Magic since I was a kid, and obviously it would be amazing to keep this card. But for a guy like me, being able to sell it is a life changing. I just really hoped it would go to someone who would appreciate it as much as I do. This is my dream come true. Meeting Post Malone and him buying the one ring from me is literally a moment straight out of a fairy tale. Post Malone, at Magic the Gathering, you have changed my life. Things like this don't happen to people like me. I guess it's Magic. I am forever grateful. In the past few months, Post Malone was on with Joe Rogan, and Joe Rogan asked him about that. And Post Malone was like, yeah, I did spend that much money on a card, and Joe Rogan doesn't get it. But here's why he did that, because it's the only one that will ever exist. And you might say, yeah, but Dell, you can go over to TCG player and get one for here. Look, with the 37 bucks right here, the borderless one, here's a different version for 60 bucks, 50 bucks, whatever this one, 100 bucks. So you don't need to spend two million dollars on it. Okay, no, you don't to actually have that card in your deck and can play with it. Sure, you can spend 50 odd whatever bucks on it and get it. But to get the exact one that Post Malone spent $2 million on, the one of one, that exact version, no, you do need to spend $2 million to get it or whatever Post Malone is selling it for now. If you've ever experienced a banking kerfuffle, to put it mildly, like I have, then there's a really good chance you already know the importance of Bitcoin. But you might have other questions. Maybe you don't feel quite as secure with your self custody setup as you would like to. Schedule a free 30 minute consultation call and they will help you solve whatever it is that you have about Bitcoin. Don't let a question keep you up at night. Call the Bitcoin way. At this point, I imagine you're wondering at least two things. Those are, what in the world happened with the banking story? What is Magic the Gathering have to do with this at all? And number three, so why in the world does Fidelity and BlackRock, why do they actually want that? Let me go through these. First off, why does BlackRock and Fidelity and all the big players, why do they want Bitcoin? Here's why they want Bitcoin. This one's from at BTC salvation. He says owning one Bitcoin is rare. How rare is it rare than the Magic the Gathering card? No, it's not quite that rare because there's only one ever in existence of that. But here's how rare it is. It's like owning roughly 25 pounds of gold or 107 acres of land in the US or roughly 1754 acres of land in the world or roughly 6 .7 houses in the US or roughly 109 houses in the world. And what has BlackRock been buying? It's homes. What has Bill Gates been buying? It's farmland. What do the people in power, what do these large players in the financial space want? They want, ladies and gentlemen, if you haven't figured it out by this point, I'm not sure what to tell you, but I'll tell you, they want scarce assets. They want the things that there is only a limited amount of. And what will there only ever be 21 million of? Bitcoin. That's right. There will never, ever, ever be more than that. What if somebody else forks it and they make a whole new thing called Bitcoin too? They've done that. It's trash. It's garbage. It's going to zero. It's all going to zero. You can only find perfect digital scarcity once. It's not possible to do it again. Anything else that's a copy of it is, oh, I already told you what it is. It's a copy of it. That's what it is. There is, you can't do it again. Bitcoin is true digital scarcity and anything else that comes along after it is a copy. So now what does this have to do with magic, the gathering and rarest things and scarce things? And well, let's jump over to something else that seems completely unrelated. I've had hedge fund managers, like, reach out to me on LinkedIn to be like, hey, like, could you talk to us about TCGs? Like, we want to know how they work. Like, that's an experience that I'd never had before. Do you see it yet? Are you starting to understand? Am I painting the picture clear enough for you that the power is to be how much of the pie they want? They don't want the tin. They don't want the crust. They don't want that nice top with the different funny shapes cut into it. They don't want the juicy filling. They definitely don't want the bottom. No, they want the whole damn pie. Every crumb, last every single little iota of the pie. If that includes card games, hedge fund managers are going to call card game designers and ask them, how can we get it on that pie? They want all of the pies, every last one. They're going to show up to the marine calendars and just give me the pie. Every last one. They definitely want the Bitcoin pie, every single one. So if that means contacting old Gary Gensler and saying, hey, get this approved, don't do that. If it means contacting drone pal and Janet Yellen saying, hey, print us all of the money ever so that we can entice these goons out of selling every last Bitcoin that they have so that we control and not they because they're just peons. They're just silly people. They don't know what to do with their money. They're clueless. They don't know. We know that's how we got here. Clearly, we're the best players in the room. We know what we're doing with the money. We're the ones in control. Let us have all of it. Print us as many Chuck E. Cheese prize tickets as you possibly can. All of them. Trillions of them. It doesn't matter. Who cares what the debt is? It just goes up and up and up. It doesn't matter. Give us more so that we can buy the Bitcoin off of them. They keep on kicking the can down the road and behind them, the road is crumbling. And where's the new road come from? They're just laying it as they go. And at some point they will stop to catch their breath and everything will come crumbling down. But guess what's under that road? Bitcoin. That's where everything falls to. Everything falls onto the shoulders of Bitcoin. And Bitcoin has some real strong shoulders. Let me tell you what. So where does my story end? My story ends with my banking crisis being averted. I finally talked to somebody that had since they knew how to solve the problem. They said, yes, let me actually get you to the right department. I don't know why those three other people didn't do that. Got to the right department. I was helped by a lovely woman who got me back access to my bank account. So that was a harrowing few hours of that morning. But I eventually did get access to my bank account. But for those few hours, it was a sobering experience to realize that I could be completely cut off from all financial access. I couldn't pay anything that I wanted. Rent was coming due, couldn't pay that, got bills due, can't pay those. Forget about buying a coffee, which might be nice to have or a sandwich or whatever like that. That's irrelevant. But when the bills start going, hey, you owe us this. And then we start turning off the electricity and you don't have Internet and then you can't do this and you can't do that. It's a real big problem. So, yes, the crisis was averted. But there is a global crisis looming, an absolute catastrophic world shattering, meteor impacting the world style event coming to the monetary system. And if you don't have some heavy shoulders to fall upon, I don't know where the road goes when the road crumbles. And if you have nobody to catch you, I don't know what's under there. I think it's just an abyss that falls forever. That's not a place that I want to be. Is it a place that you want to be? No, I don't know. But here's what I do know. If you're here on Simply Bitcoin, the chances that you don't want to be in that precarious situation is pretty good. So get subscribed, learn about Bitcoin, understand how important it is, and the answers will fall into place. And you, ladies and gentlemen, might fall upon the shoulders of Bitcoin. And like I said, this is not the first time I've talked about this. So check out this video right there where I go over in another way the institutions coming for your Bitcoin, because they are. Ladies and gentlemen, they are going to try and get it from you. Guaranteed they want it.
News, Traffic and Weather
Fresh "50" from News, Traffic and Weather
"We're gonna get over 50 degrees here that's when you know it's a true Seattle itis hodgepodge itis itis hodgepodge itis hodgepodge itis chance of rain on Monday why the scattered showers otherwise cloudy and cool for Tuesday and then we're gonna start drying out again partly sunny to mostly sunny then to finish out the week and by next weekend could get near 70 degrees we're right here in Western Washington cloud cover still right now rather calm on the waters of Elliott Bay and our temperature right now at 50 degrees 52 Sunday mornings at 7 puget sound
Discerning Hearts - Catholic Podcasts
A highlight from DC11 St. Jerome The Doctors of the Church: The Charism of Wisdom with Dr. Matthew Bunson Discerning Hearts Podcast
"Discerninghearts .com presents The Doctors of the Church, the Carerism of Wisdom with Dr. Matthew Bunsen. For over 20 years, Dr. Bunsen has been active in the area of Catholic social communications and education, including writing, editing, and teaching on a variety of topics related to church history, the papacy, the saints, and Catholic culture. He is the faculty chair at the Catholic Distance University, a senior fellow of the St. Paul Center for Biblical Theology, and the author or co -author of over 50 books, including The Encyclopedia of Catholic History and the best -selling biographies of St. Damien of Malachi and St. Kateri Tekakawisa. He also serves as a senior editor for the National Catholic Register and is a senior contributor to EWTN News. The Doctors of the Church, the Carerism of Wisdom with Dr. Matthew Bunsen. I'm your host, Chris McGregor.
News, Traffic and Weather
Fresh update on "50" discussed on News, Traffic and Weather
"Money update the united auto workers union expanded its continuing strike to two more car assembly plants on friday workers at a ford plant in chicago and a gm factory in lansing michigan walked off the job ford's chicago plant employs forty six hundred uaw members and gm's lansing plant has twenty three hundred union workers workers the union did not extended strike against dalantis this week because they say negotiations are going better with them the strike started on september fifteenth with three plants and not a great week on wall street more losses on friday the s .n .p. slipped eleven points two point three percent the joe jones industrial average fell a hundred and fifty points or point five percent and the nasdaq added eighteen points up point one percent i'm kelly blier and that's your money now so if your family and you are a fan of shrek have we got a holiday idea for you just ahead here you're listening to northwest news radio i'm mark christopher on your next trip to flower world make sure you also visit their produce market across the street you'll find vegetables including potatoes all grown by flower world most without the use of pesticides and a twenty pound box of honey crisp apples priced at less than two per dollars pound take home a gallon of fresh cider it's the real thing or a dozen rainbow eggs from flower world's chickens own located just north of woodenville flower world flowers and plants and whole a whole lot more flower world u s a dot com waste car fort in auburn needs cars and they offer something no other dealer does hey it's manda factor they will buy your car today and on top of that when they resell your car they will share the profit with you 50 50 shop around compare for yourself it always comes down to this if waste car ford can pay the you same or more for your vehicle pay you up front and then when they resell your car share their profit with you 50 50 why sell your car anywhere else go to waste carford .com that's waste carford .com waste carford in auburn for electric based renewable energy and all your electrical needs the international other electrical workers IBEW Local 46 are your true power professionals for your home your business and large -scale
Crypto Banter
A highlight from This Project Is Solving One Of Crypto's Biggest Problems...
"In today's video I want to dive a little bit deeper into a crypto project which is solving one of the biggest problems in crypto right now and is also offering some of the most attractive yields in the market allowing its users to access incredibly high APRs via a custom algorithm that allows users to earn passive income. Today I'm going to be covering Smartdex which is a leading innovation for liquidity providers and traders who want to stay ahead of the game. I'm going to run you through the unique features of the protocol and unpack why their technology may be game changing in the crypto sphere. For full transparency Smartdex is a sponsor of the show and we do thank them for sponsoring the channel as well as this video. Let's get straight into it. So if you've ever used DeFi before you may be familiar with the term impermanent loss. Impermanent loss is something that happens to liquidity providers when providing liquidity on an AMM DEX where price of one of the assets that you've paired with each other in order to stake and earn yield moves against the price of the other asset on a relative basis which creates a spread which can result in an impermanent loss of your total LP size. So let's say you have $100 in ETH and $100 in USDC. Because USDC is fixed if Ethereum moves up or down in price that liquidity pool has to balance to keep equal value of both parts of the pool. So essentially what it's going to do is sell some of your Ethereum and buy USDC to make sure things are balanced if Ethereum pumps and if the price of Ethereum dumps it will do the opposite. Your USDC balance will go down in order to replenish your Ethereum balance but this happens automatically that's an oversimplification when you provide liquidity into a pool which is pooled with a variety of other people's assets. So impermanent loss is quite annoying because even if you're earning crazy high APRs like 50, 60, 70, 100 % you can still actually end up losing money because if you have volatile assets especially if you're staking altcoins they can move against each other in price and make it extremely difficult to not only monitor your positions but also maintain profitability even in the face of extremely high APRs. Well SmartX has come up with a solution to this problem and in my belief it's the only DEX product that's been able to solve this problem in crypto using a proprietary algorithm and what they're essentially doing is with a fine -tuned algorithm transforming impermanent loss into impermanent gain. I'm going to show you some mathematical examples to show you exactly how this works. As you can see SmartX compared to your typical AMM like Uniswap actually performs very well in this instance of the Ethereum liquidity pool versus its counterpart when Ethereum fluctuates in price and despite the Uniswap pool actually going down in value the SmartX pool over this period actually gained in price because it was re -pricing in accordance to their fine -tuned algorithm. I want to give you some examples now using real simulations from SmartX to show you how it can impact price but firstly let's talk about how this actually works. Essentially what SmartX does is it concentrates liquidity on selling when price rises and on buying when price drops. This essentially mimics what a professional trader would do when managing an active position. As a result this reduces the impermanent loss over the long term and sometimes as we just saw in the example before leads to impermanent gains. I'm going to show you now a simulation table which shows this in action and actually shows SmartX has across this example an average gain of plus 21 percent versus a typical DEX where they experienced an average loss of minus 21 percent. So a huge difference here and you can see in a variety of examples here with varying start dates the SmartX performance with the LP position actually outperformed the normal DEX by a magnitude of difference. You can see here in the ADA example SmartX made 80 percent while the normal DEX lost 0 .02 percent and you can see the token price variation and how SmartX responds in accordance with a normal DEX and across most examples SmartX was able to handle the fluctuations in price much better when it comes to LP positions and this is due to their custom algorithms. So it increases the peace of mind when it comes to stakers on the platform knowing that their assets are at least going to be safer by and large than staking on a typical DEX in terms of the negative effects of impermanent loss and that's the real selling point and the cool unique feature of the DEX that's different from all other DEXs. You can see in front of you these are real examples if we click on it we'll take the ETH USDT pool as an example and look at SmartX versus Uniswap, Uniswap v3 as well and you can see here that in this instance across this pool SmartX has maintained an impermanent gain of 7 .1 percent whereas Uniswap was only able to maintain a gain of 3 .18 percent and actually after fees and rewards they ended up net negative at minus two percent whilst SmartX averaged out at plus 1 .27 percent and Uniswap v3 performed even worse close to minus four percent and I can go through a bunch of examples on Arbitrum. The Arbitrum USDC pool on SmartX performed much better than the Uniswap pool coming in at an impermanent gain of three percent versus an impermanent loss of minus 0 .2 percent in the case of Uniswap v3 and this is pretty much consistent across most pairs across the major AMMs are Wrapped ETH USDT, Arbitrum USDC, you can see the example on Matic USDC as well and USDT BNB as well and these are some of the primary networks that are offered on the SmartX exchange. So what can you actually do on the SmartX exchange? Well it's a couple cool features but one of the main awesome things is the crazy yields that it is paying out to users and these aren't fake Ponzi yields of course there are some emissions on the platform but it's not like a Ponzi scheme like Olympus DAO, this is a real AMM with real functionality and they're able to offer extremely high APRs due to their algorithm so I want to show you some of the features and what you can do on the platform. The first thing you can do is swap just like any AMM of course liquidity providers enable the functionality of swapping on the platform so I'm in the Arbitrum network right now I can swap from Ethereum into a variety of assets on the platform as well I can hop into the Ethereum network I click switch network here and now I can swap you know my USDC for other Ethereum ERC20 tokens SHIB, APE, SAND so just like a normal DEX you can do swapping here and of course they have very competitive rates across some of the major DEXs in the space but here's where it gets way more interesting in the liquidity tab here you can create a new position in order to stake your LP in their farm tab so if you click on farming you can see here across their networks they have many different LP pools that enable you to earn very attractive yields with big multiplier bonuses so for example their wrapped Bitcoin ETH pool is paying 10 % their STX TET pool is paying 9 % their STX ETH pool is paying 25 % but as we go into some of the layer 2s the yields get even better if we go over to the Arbitrum network which is a popular layer 2 network you can see the Arbitrum USDC tokens paying 17 % their Bitcoin STX tokens paying 30 % if we go into the BNB chain we can see USDT BNB is paying 14 % ETH STX 42 % USDT STX 50 % and of course you have to work out whether you want exposure to the STX token I can't work that out for you if you like the token and you're bullish on it then of course it can make sense to stake take advantage of the crazy multiplier and earn those ROIs but it all depends if you're bullish on the token if you don't like the token you don't have to stake it you can stake with any assets that you do hold for example you know you can pair your Ethereum you can pair your BNB you can pair your Bitcoin as well it really depends what asset you do want to pay you can see there's an ETH USDC pool here paying 20 % on base so some of the most competitive yields in the space considering yield overalls dried up the ability to earn passive income is super strong on the SmartX platform for some of the reasons we talked about before and if you do want to add liquidity it's as long as you have ETH and USDC in your wallet for this example on the base network you go over to liquidity you click on new position you add ETH and then you add USDC as well you add them together you click add liquidity then you go back into the farming section of the platform and you stake your tokens there to earn yield now not only can you earn yield on the platform but SmartX and Crypto Banta have actually teamed up together to give a very special offer to Banta users if you stake a minimum of $50 worth of liquidity across any of the layer 2 networks so that's Polygon, Arbitrum, BNB or base then you enter the running to win a $200 airdrop which we are issuing to five random people each week and we even did a one Ethereum giveaway a few weeks ago so we're constantly varying the prizes each week but if you want to be in the running for these prizes then you need to submit liquidity using the link below and provide your wallet address in the Crypto Banta form that is also linked in the description below so once again $50 worth of liquidity into any of these pools allowing you to earn passive income and also enter the potential giveaway to win $200 which five people will get and as we vary the prices we may change that to one ethereum or more in the future so if you were thinking about staking that is a little cool competition that we're running in partnership with SmartX.
News, Traffic and Weather
Fresh update on "50" discussed on News, Traffic and Weather
"Average teacher starting paid nationwide is around $40 ,000. Remember Florida Congresswoman Frederica Wilson who called the teacher shortage a crisis. She says something has to be done about it. These teachers need of race. They are the bedrock of this nation. They are the bedrock rock of this economy. So she has introduced a bill in Congress to raise the starting earning salary for teachers nationwide to at least $60 ,000. Her legislation is called the American teachers act and it currently has more than 50 co -sponsors coming up next one quest man's to find out why and how his brother died leads him to places he never anticipated. And what does it mean to be a no sabo kid?
Unchained
A highlight from The Chopping Block: Which DeFi Metrics Are Still Useful in a Bear Market? - Ep. 550
"Token economics can do way less than the industry on the whole has claimed that it's able to do and so for the most part I Sort of consider token economics to be a little bit of a dirty word today compared to how I saw it two years ago It's a tale of two fun. Now. Your losses are on someone else's balance generally speaking aircrafts are kind of pointless Anyways, I'm into trading firms who are very involved DeFi protocols are the antidote to this problem Hello everybody Welcome to the chopping block every couple weeks the four of us get together and give the industry insiders perspective on the crypto topics of the day So quick intros first we got Tom the DeFi Maven and master of beams Next we got Robert the crypto connoisseur and czar of superstate then we've got to ruin the giga brain and grand poobah at gauntlet And finally, I'm a seed that had high mana dragonfly So we're early stage investors in crypto But I want to caveat that nothing we say here is investment advice legal advice or even life advice Please see chopping blocks at XYZ for more disclosures Alright, so it's been a crazy couple weeks. There's been a lot of conferencing going on I think most of us minus Robert were at token 2049 in Asia I guess Tom and to ruin you guys are back in the States. There was also main net in New York What's been the vibe? Give me give me the brain dump of what conferencing has felt like in the last few weeks The u .s. Is dead as a doorknob for crypto It seemed like the u .s. Conferences had less attendance than they normally do amongst other things Whereas the Asia conferences were crazy like I just didn't think there were 12 ,000 people who wanted to go to a crypto conference in 2023 and clearly there was much more in Singapore Singapore was insane Yeah, I think token 2049 had more people than East Denver. Like it was it was pretty wild I mean it is like the premier event in Asia and it's sold out. Yeah It was gigantic venue, right? One of the I mean obviously if Denver was a very large venue as well, but it was it was it was absolutely massive Robert you were at permissionless. How did permissionless feel? I mean compared to prior years permissionless Felt, you know pretty quiet really high quality group of people, you know The conference goers that were showing up to a conference in Austin, Texas during a relatively hot week in September We're not totally like broad retail audiences. Most of people that were closer to industry closer to Happening in this space and a little bit more informed than you know, I've seen elsewhere so Small like token 2049 pulled a lot of people last -minute from permissionless I think a lot of people were planning to go and then decided like oh shit This seems like there's so much happening in Asia. I gotta I gotta go out there So I think the timing was a little unfortunate for permissionless, but there was a clip of Eric Voorhees Giving I guess what was like the keynote. It was pretty amazing. If you haven't seen it, I would strongly recommend watching it It's got like a couple million views or something and it's essentially just like a rallying cry Just sort of a credo of hey, you know screw the government Like we're trying to build a decentralized alternative financial system and it really kind of plucked to the heartstrings I don't know. Do you see that live? I did not see that live I actually had to take off right before that speech, but I was able to watch it online afterwards It reminded me a little bit of a his debate with SPF. I think like a year ago It was almost like it was like a month right before FTX collapsed and it was similarly kind of getting back to kind of the core Religion ethos of crypto is very we gotta get him on the show at some point He's definitely he's a very good bear market in a bull market I always feel like Eric is a little too centered and like too grounded bull markets They kind of demand a bit more craziness and levity but in a bear market I feel like he's got this gravity that is very clarifying You know, I really I really appreciate the role that he's come to play as like the elder statesman of the industry Any other takeaways from token 2049? I mean we were out in Asia for a couple weeks the videos have just started going up for token 2049 and I did one panel that I moderated with a bunch of l1s and It was actually probably the most entertaining panel I did I did I did several panels while I was out there But most of them were you know, they were great but this one we had it was Aptos we Avalanche and near all of whom were on stage and Goon who's been on the show a couple times Goon was just like he just basically was ready to pick a fight and so they just got on say they were scrapping they were like interrupting each other and getting super aggressive and It was honestly the most entertaining panel. I think I've ever moderated just from how angry everyone was on stage So any other any other highlights or anything that stood out to you guys while you were giving talks or or moderating? How about being on stage but I'll say there was a bit of a bizarro world moment with them token for 2049 too Where obviously a lot of high quality projects a lot of good representation throughout the industry and then there were a lot of random products I'd never heard of that had these like massive, you know Sort of neon lit up boots that they clearly spent a bunch of money on I believe Islamic coin was one of the large sponsors I am a not an Islamic coin expert, but there was another sort of meme floating around They're doing a public crowd sale for Islamic coin at reportedly a 30 billion dollar f .d .v I think it's like 60 million dollars raise a million dollars wait, so it's Yes, but they went on on Twitter to explain that this is a 100 year f .d .v And so in reality the the near -term f .d .v. They're nothing into is not near -term f .d .v So, um, you're the more than the near -term market cap I think we need we add we need to add some extra f .d .v Numbers in into coin gecko just so we can start the near -term f .d .v long -term f .d .v You know, I think an interesting thing related to this That's a tiny deviation but important to note is the history of finance Actually has had a lot of things where the introduction of a new met financial metric as a form of reporting Completely changes company structure like EBITDA, right? like why does EBITDA exists like earnings before income tax depreciation depreciation amortization and it's like Because it was this some company that was losing money and they started reporting EBITDA instead of like true profits But that kept them afloat for long enough to raise financing and then EBITDA now became like the accounting standard over time Right, so I kind of think that these f .d .v games We're gonna just see this like war of all these metrics and whichever metric is like the market wants will eventually be the standard and everyone Will just try to optimize that. Yeah, this is 100 % what happened to TVL Yeah TVL in principle makes sense as a number right, but how do you count TVL? Do you count your own token? Do you count wrap versions of your token if somebody wraps your token and puts it back in your protocol? Is that double the TVL like, you know? DeFi llama just decided how TVL gets counted and then the rest of the world just warped around the way that you know These metrics decided to get reported and you of course you saw that on Solana where like all these people were recursively Kind of putting TVL from one protocol back in another one back in another one Now I think we've gotten better at not double counting triple counting But you know back in in 2021 when DeFi was in full thrust It was just whatever goes like that's TVL the other chart crime that exists is that I really irks me is when people show cumulative charts instead of like instantaneous charts it I just like kills me I Will say as a VC let this be like a little one -on -one lesson as a VC. We absolutely hate cumulative charts We understand that cumulative charts look good So for those who don't understand a cumulative chart normally when you have a chart you look at look Here are the number of transactions every day, right? cumulative chart is here is the total number of Transaction volume ever if you add it all together and the nice thing about cumulative charts is that they look like they're going up Into the right always no matter what because they're adding, you know It's like the number of how many trades have been acting positive number. Yeah, exactly The problem is that it is useless to look at as a VC We as a VC and you look at a cumulative chart What I assume is that your actual chart looks like dogshit and that's why you're showing the accumulative chart So in general don't show cumulative chart. However, if it's a chart with multiple dimensions shown if it's a cumulative chart and a daily or time period flow Together then it's cool. Is it? You know, I'm already doing the first derivative Okay, let's say let's say you have a daily chart and it's like net inflows We're like some days are positive. Some days are negative. Some days are positive. Some days are negative You don't know the total you find that that's a net chart not a cumulative chart So if you're netting, you know gains and losses and you're getting like P &L or something like that We're net inflows and flows that's not a cumulative chart. That's very different because that does not go up into the right I agree. No, no, I think Then it's well Complimented with a cumulative on the other access behind it. I Net and cumulative are two different things. I did see it. I agree. That's just a U .M. We should have a chart crime episode The truest of VC true crime it was inflows prefer for friend tech, but they didn't take out the outflows So it was literally just any deposits in a friend tech added to the chart And so of course you assume you're gonna be looking at a net chart And in fact, it's any sort of deposit, you know adds to the overall chart, which is kind of a useless metric chart crime chart crime Any other any other chart crimes that come to my lungs are on the topic? I think these like feed accumulated ones where they're like people who are like trying to annualize I think people annualizing certain types of fee accrual and crypto sometimes makes no fucking sense because it's very event driven like oh Like there's a ton of fees from one event and then like zero forever But they always like choose the right time scale so that they can say like we have at least X of fees Like I understand how integrals and derivatives work and you're just trying to play with the boundary conditions Yeah, I mean I saw a lot of this in 2021 when a bunch of people like a bunch of businesses that had a bunch of random core businesses but almost all of them had tokens on the balance sheet and those tokens went up and they counted that as revenue and So they're just like, oh, you know, I had 50 million of revenue this year And if you charge that forward, you know another 50 next year and it's gonna ramp this much I'm like dude your core business made like 3 million and 50 million just came from tokens going up on your balance sheet. Like that's not your business, you know, so that I mean It's kind of charty. I don't know if it's a sharp crime per se but it's like EBITDA, right? Like I think crypto still is so nascent and the idea of like what should count and what shouldn't and what flows are it's still Kind of an open thing of like what the accounting should be, right? So I kind of think I'm kind of curious what EBITDA like the thing that becomes a like meme that sticks That's not TVL and that that's not just like fees What do you think you guys think it is because I do feel like this bear market My prediction is this bear market will end when we have invented what that is like the last bear market ended when TVL started becoming a metric and then people started monitoring it and like not gaming it as much and It was just kind of going up slowly. I feel like the Solana stuff came to even more where it was like, oh Here's the metric that everything's measured on So what if we come up with these crazy ways to like that's usually the end of a bubble, right? Like like once when it goes not the creation of a little baby That was like that was like the kickoff of the book I know I don't know but my point is like once you start getting kind of a shelling point around a particular metric It doesn't get gamed for a little while Like there's like a certain amount of time where it like it becomes a good real standard bearer But then someone eventually realizes that it's the thing to game and then you get this like kind of capital bubble around that So like AI you're having that happen with tokens per second right now Which is also a fucking useless meaningless thing because like the choice of architecture means the tokens aren't really the same There's not fungibility of them. Sure. I think it feels like right now There's a more and more fixation on revenue. And so you're seeing like, you know token terminal if you're looking at there's just revenue There's annualized revenue. There's price to sales price to earnings. So it does feel like we're sort of Morphing more closer to traditional revenue and underwriting metrics, which is a good sign However, these metrics aren't totally normalized in the sense that you know, for example for Uniswap Does Uniswap have revenue like obviously the token holders aren't capturing anything so the revenue is flowing entirely to You could say like cost of goods sold is like 100 % because all the revenue is going to the liquidity providers I would say, you know One of the biggest issues is that you have like protocols that are not businesses and people are trying to strap like business metrics or accounting metrics on them and they're just not like Ethereum Bitcoin like people are like, oh like, you know fees paid like is that revenue? No, it's not revenue, right? Like I don't think anyone thinks that like the transaction fees on Bitcoin or revenue. Are they on a theorem? No, but like I've seen platforms that like talk about That alongside something like Uniswap and it's like none of these really makes sense It's just like someone trying to build not to knock anyone particular company But someone trying to build a company about standardizing data is like, oh great Let's like standardize how we look at everything and I don't think it fits personally I don't think these protocols living on top of blockchains are necessarily businesses or need business metrics. I don't think it's that helpful I think like projects and For success like how many people are you know doing X Y & Z and like it won't always translate to the thing What do you think are metrics that should be adopted in lieu of? You know revenue or price of sales or whatever all the stuff that people are doing to try to account for You know particularly in defy I think for layer ones. It's a little more nebulous I think it comes down to exactly like what the protocol is, right? So like a great example is even taking two things that like seem like there's the same Let's say like Uniswap first like synthetics Well, both of them are for trading like, you know, one of them, you know is for trading spot tokens And one of them is more like derivatives, right? So like would you say like total notional traded like that might look crazy, you know to use that as comparison like I guess my point is like even two things that look the same are gonna be vastly different when you think about how you judge them or measure them and so All I'm trying to say is like, you know, let's slow down and not trying to come up with one size fits all metrics I don't think there is some like EBIT type But they will love defy broadly it trying and and when people get any shelling point on one of those That's when you see capital formation happen because it's like hey look there's this metric we can optimize it we see the growth curve right like growth implies you have a number or a set of numbers and a derivative like a gradient and The gradient can go up and you're like, yes or more money in it and I do feel like there's like a Psychological human behavior element to this and crypto somehow plays with that in a lot of ways and that that's some of its beauty Is that the fact that it kind of plays with these I think the revenue thing also is like a good I agree like it's really difficult to sort of compare across different types of companies, but generally it's a good heuristic for Understanding like product market fit and desirability just showing willingness to pay right like you can't fudge it because I'm literally burning money I'm spending money to use this this protocol saying something with like, you know net dollar retention at revenue retention overall It's like user retention Like yeah like it I think that's generally sort of a good heuristic because it's showing that if people are actually using these things consistently because they want to use it not because ideally you sort of you're tying out the I'm inclined to agree with this is that although it is an abuse of nomenclature I think you're better off thinking of protocols as products and thinking about like if you can just applying very kind of dumb Simplistic like yeah, they don't work perfectly, but they're way better than just like finger in the air What's TVL and kind of how do I feel like the vibes are trending for this particular protocol? I think it at the very least it keeps you honest if you look at the era Pre when people had concrete metrics that they were looking at like protocol revenue and things like that There were just a lot of things that had you know, take for example, then you have and you had 4chan economics Whatever was posted on 4chan was the truth totally totally and also like not looking at like net of emissions Looking at like willingness to pay net of emissions Like you just end up with this crazy town where it's like Oh, there's basically like a negative cycle where people are making money by using your product You're like, wow, I've parked my good fit There was basically an entire year where every hot product in crypto was that it was people it was being like wow Look how much adoption this is getting when it's really just people clicking a button that pays them every second to be very fair That is it's like it's so funny enterprise SAS bubble also had the same thing It was just the way the capital is distributed.
WTOP 24 Hour News
Fresh update on "50" discussed on WTOP 24 Hour News
"Night floated passing what's the continuing main resolution but it doesn't have ukrainian aid however the speaker did not commit to placing such a measure up for a vote before the house other republicans say they're still exploring the g o p p only possibilities to vote on shutting out any talk of bipartisanship at this point the washington area will be one of the hardest areas hit if the government does shut down at midnight and that's a source of major frustration for some members of congress w t o p's beyond the hill maryland senior senator ben cardin says the shutdown is reckless and dangerous is reckless because it's going to have an impact on our economy in addition to the nearly 140 ,000 federal workers in maryland who will have to go without paychecks during the shutdown about 50 ,000 military personnel will as well and cardin says they're not the only ones who could feel the economic impact of a shutdown
The Bitboy Crypto Podcast
A highlight from BREAKING First U.S. Ethereum ETF APPROVED! (Altcoin Pump Coming?)
"The future is so bright for crypto, folks. I just had to wear the shades. Thank you for joining today. Good morning. It's time to discover crypto. It's Friday, September 29. I'm getting ready to go to Vegas for the CNFTCON, now called NFT -LV. Jeremiah's going to be there. No, no. Sawtooth is going to be there. Jeremiah, just happy he bought some Chainlink. Guys, we got a great show today. We're talking about the ETH futures. We're breaking that down. Also, we're talking about Bitcoin. Tim has something special to show you on the charts. Circle listing. And my fiancé might pop up on camera, and she's going to tell a story how I was the world's worst fiancé ever this morning. So she might come on camera and tell the tale. You know, I am a family -oriented man. And you know what? I'm bringing my one and only woman here on camera. Alright, guys, make sure you are sub to the channel here. Discover crypto. Check out all the other channels. Nothing but love for Frankie. Frankie had a big announcement yesterday. We still love Frankie. There's no hard feelings. And we're applauding and celebrating Frankie here at Discover Crypto. Still going to be collabing with him. Still going to be working with him. He's still working in the building. Yeah, we're going to see him literally every day. Well, I didn't want to tell that much. But yeah, he's still here, folks. Yeah. He's literally still here. Tony, Tony, Tony. I think he's like, he's still in the candle mafia house, though. He's still in the basement. Well, he shoots certain videos from home and certain videos from here. Like literally, his schedule will not change whatsoever. But the difference, and we're very excited for him, is he will completely own everything he does. Everyone here is excited for him. Shout out to Frankie Candles. I still predict, Deezy. There's a lot of, I want to make sure I preface this right, because even I do TA. There's a lot of good technical analysts out there. I still predict Frankie Candles will be the number one crypto TA channel in 2025. I would, I will say I would agree with that with maybe one person still going to be beating him, still going to be putting out a lot of content. And we all love him. Frankie loves him. I've talked to him, you know, MM Crypto. And there's something about that guy. When the bull market hits, I mean, guys, you might see some strong thumbnails now. Wait till the bull market. If you haven't been through a bull market with MM Crypto thumbnails, you haven't really experienced a bull market, folks. And I also love how he has 17 exclamation points on MM Crypto's titles. He has a very interesting title selection there. Well, folks, let's get right into the show. All right, first, should we lead with the world's worst fiance? Let's do it after Crypto Market Cap. Yeah. All right, we're gonna go ahead, show the prices, and I'll tell you why I was the world's worst fiance. Kat, are you okay? Just briefly telling the short section of that story in about two minutes. All right, first, let's get into the crypto market cap here. I just refreshed and we are moving up, folks. We are still above 1 .1 trillion. We are up 0 .8%. 24 -hour volume was right around 50 yesterday. I think it was like 54. Today, it's 48. So, largely the same. Bitcoin dominance has fallen, however. We went from 47 .1. We were hanging out there forever, jumped up to 47 .4, and now we're down to 47 .0. And strangely, gas is only 14 Gwei. I don't get how gas is so low right now. I was swapping some alts the other day. We have Bitcoin down 0 .1 % and Ethereum up 1 .8%. And that is the large reason why you're seeing the dominance change here. Just the two biggest cryptos moving in opposite direction, albeit slightly. We have BNB 0 .5 % to the upside. But I think who's really celebrating today is the XRP community. XRP is up 5 % today. Is it anticipation for XRP's party in New York City tonight, you think? What are your thoughts? Was it a TA level? It was just bound to happen? Or are people really excited about partying in the Big Apple? Well, not me. I'm not that big of a party person. And shout out to New York. But I don't really like going to New York. You don't like going to New York? If you had one reason why you avoid New York, what is that one reason? There's many a reason. I just don't like city life like that. I like being out, not the middle of nowhere, but like the middle of somewhere rather than the middle of everywhere. I like being in the middle of nowhere near somewhere. All right, we have Cardano up 2 .8%. Another big pump for the top 10 here. We have Solana. Solana is up 4 .5%. It is now above $20. Looking like it might turn $20 into support. It likes hanging around that psychological level. Tron is also up 3 .5%. We do have something moving down. And that is TonCoin. TonCoin, the hottest coin last month, two months ago. Now it's a little bit as maybe Chainlink's taken some of its juice. And you can see Chainlink flat for the day. But if you look at the weekly there, you can see 16%. And that is higher than every single coin above it. In fact, no coin has even gotten to the double digits, except for Bitcoin Cash. And Bitcoin Cash, you know, kind of an asterisk next to that coin as far as price movement. Shiba is also moving to the upside. But now it is time to look at the biggest gainers. The biggest gainers in the world is going to be me at the blackjack table. It's going to be a cat at the slots. All right, the world's biggest gainers. What do we have? We have Sweet.
Bloomberg Law
Fresh "50" from Bloomberg Law
"Slow and drawn out, especially if you rely on litigation in the courts. You can wait for years before your case is resolved, and the longer your case proceeds, your the more case your can cost. Not with the American Arbitration Association. Arbitration or mediation with the American Arbitration Association is faster. In fact, nearly 50 % of our cases settled prior to hearings. ADR .org. Resolve faster. Hey, everybody. It's time for today's STEM tip. Want to know how to make your selfies even better? OK, let's use science. The best time for photos is golden hour. That's the moment right before the sun sets, when the atmosphere scatters blue and violet wavelengths, making perfect, soft, and golden selfie light to show off that beautiful face of yours. Click. Check out a message from the Ad Council. I'm Emily Chang and on my new show, The
The Dan Bongino Show
Prediction: Dems Will Stop Calling for Removal of Sen. Menendez
"But enough about that there's because a lot to talk about today so of course right before we got on the air the news broke through you you know sadly not that surprising I think everybody expected it maybe not today but Senator Dianne Einstein who was 90 years old passed I've read it appears have been last night of course a Democrat senator from California so she was 90 and she was obviously struggling with her health so I woke up before the show and that kind of throws the Democrats a little bit of disarray you know I mean let the funeral and everything happen but it doesn't there's politics you just can't avoid you know the Democrats are now down to what a 50 Menendez 49 split is in trouble senator Menendez a Democrat from New Jersey obviously is looking at it a bunch of serious criminal charges right now I'm I'm gonna make a prediction and I'm gonna dispel one too I'll call it the gym prediction the Jim Verde predict cuz I don't I think it's crazy but if you're free to throw it out throw it out there I'm gonna make a prediction that all the calls now for Menendez to step down you can flag this right now they're gonna all stop because now if he steps down now they're down an additional senator and now it's 49 49 now granted Gavin Newsom is gonna of course appoint a Democrat it's not gonna be that long but you watch you think I'm messing with you they're all of these calls from Menendez to step aside are all gonna mysteriously go away why because it's never about principle or with the Democrats it's it's about power they did they wanted Menendez to step aside because of these corruption allegations why because the New Jersey off -cycle elections are coming up and they didn't want Menendez's name near anywhere the
Thinking Crypto News & Interviews
A highlight from Congressman Warren Davidson Interview - Crypto Regulations, SEC Gary Gensler Hearing & Subpoena, Bill Hinman Ethereum, CBDCs
"Oh yeah, I mean, I think book Gensler should have been subpoenaed already. I mean, I think the amount of patients that chairman McHenry shown, I mean, maybe that's why he's the chairman. He's like more patient study, kind of working it more diplomatic. Like, yeah, I think the subpoena was due like in February. This content is brought to you by link to which makes private equity investment easy. Link to is a great platform that allows you to get equity in companies before they go public, before they do an IPO within their portfolio includes crypto companies, AI companies, and FinTech companies, some of the crypto companies you may recognize include circle ripple chain, analysis, ledger, dapper labs, and many more, if you'd like to learn more about link to please visit the link in the description. Welcome back to the thinking crypto podcast, your home for cryptocurrency news and interviews with me today is Congressman Warren Davidson, who's a Republican out of Ohio, Congressman Davidson. It's great to have you on. Yeah. It's an honor to join you. Thanks. Yeah. Congressman Davidson, I've followed you for years and all the great work you've done with legislation around crypto. I think you were boy was maybe the first, if I, as far as I remember going back to the token taxonomy days and things like that. Uh, but before we get to all that, you know, tell us about yourself, where you're from and where'd you grow up. Yeah. So I grew up in Ohio, um, a little North of where I live now. So, um, graduated high school in the eighties, 88 listed in the army and, uh, got sent over to Germany when the wall Berlin wall was up, you know, the cold war was there and there, uh, wall separating the East and the West went through East Berlin and got to be there when that came down. And, uh, I'll just say like the people on the other side, weren't looking for more government. They were looking for more freedom and it was definitely a life -defining experience. Uh, from there, I got to go to West point, which, so that's not the normal way you go to West point, but, uh, it worked for me and, uh, graduated, went back into the infantry, served in range of regiment, 101st airborne division, uh, the old guard, you know, so some great units, but ultimately decided I needed to get out and go into a business. So my wife and I, and two little kids at that point in time, moved back to Ohio and, uh, started manufacturing companies, went to Notre Dame, got an MBA, and we basically had a little group of manufacturing companies. And that was what I was doing. And John Boehner resigned as speaker of the house. And a couple friends stopped in and said, Hey, you know, who are you going to back in the race? And I said, Hey, you know, you guys are the political people. And they cracked really a joke. They go, you know, it'd be great if there was an army ranger business guy in the race. So we just laughed and I went home and told my wife about my day. And she said, well, what'd you tell them? Like, well, we just laughed. Cause it's crazy. And she said, no, it's not. You'd be great at that. Well, here I am. So that's been like, you know, gosh, over seven years ago now. So it says it's pretty crazy. So in Congress, I got here and very few people knew much, very few elected office holders knew much about crypto. And I was new on the financial services committee and, uh, you know, kind of started that kind of army ranger business guy, the business guy, financial services also on foreign affairs. And, you know, that's, it's been a, it's been an interesting time to be in politics. Right. Oh yeah. Uh, well first thank you for your service. And, uh, it sounds like that wasn't, uh, just an incredible experience you had with the Berlin wall and so forth and being over there. Um, that must've been something, uh, life -changing it sounds like. Oh yeah. And look, I mean, the military offers a great opportunity for so many people. I mean, it's not a perfect fit for everybody for me. I just love that I got to be a part of it and it turned out phenomenally well for me, but it really is, uh, a great, a great thing to do and, you know, a lot of phenomenal people they'd go in and give a portion of their lives in service. And then unfortunately for frankly, some of my friends and others, they give their full life, um, you know, lost in combat or occasionally a training accident or something, but, you know, it's a serious commitment, but it is really cool that I had the chance to do it. Wow. Um, so let's talk about, uh, some of the work you've done in the crypto legislation front, because I remember as far as I can remember, uh, I, the token taxonomy act being maybe the first crypto legislation, and you can correct me if I'm wrong there, but, um, you know, tell us about the history of the different bills and things you've worked on. Yeah. So when I first got to the committee, you know, it was January of 2017 and, you know, you remember 2017 was like the ICO market people like, oh, you know, I could just write a white paper and kind of skip everything. And there were really good use cases, people trying to do things honestly. And then unfortunately there were just some outright pump and dump scams where people were being taken advantage of. And I'm like, where's the sec. You should be cracking down on these scammers and, uh, you know, they weren't really, you know, reacting well. They didn't really know who was going to do what. So there was this void and, you know, I was trying to get hearings on this subject and you, as the new guy, you don't get to choose which hearing. So this goes all the way into 2018. And, uh, we really couldn't get focused as a committee on the issue. Uh, so I was like, well, I can at least have a meeting. I mean, we won't be able to call it a hearing, so we'll have a meeting. And we did this thing at the library of Congress and it started out with a goal of getting about a dozen people together. And by the end, we had to cap it at 50 and like, people were like, oh, I want to send my CEO and I want to send my general counsel on, you know, we had some of the biggest names in, in, uh, not just crypto, but, you know, venture capital, you know, the New York stock exchange fidelity state street, I mean, you name it, any Andreessen Horowitz, you name it, the big players, we also are like, look, we got to have some startup companies and some founders that no one's ever even heard of some of those kind of knowing that still is heard of. They kind of went away. Uh, but a lot of them have really turned into some of the biggest names in crypto over time. And it was just an interesting conversation. So the goal was this listening to everybody and say, well, how, if we're looking at a tree, how far up can we go before everybody's interest starts diverging and branching out in a different way? And we want to kind of go up to that first level of branches and say, this is the consensus. If you solve these things, uh, you could provide a really difference making piece of legislation. So that was the token taxonomy act. Darren Soto, a Democrat from Florida, and I led the bill and man, think how different crypto would be if we had passed that bill in like 2018.
Unchained
A highlight from Heres How Sam Bankman-Frieds High-Stakes Trial Could Play Out - Ep 549
"Even though each of these charges, if you look at the DOJ press release says, oh, it contains a maximum sentence of 20 years or five years, whatever, it's not going to be consecutive. It'll be concurrent. So the estimate I'm getting from various attorneys that I've spoken to over the past few weeks is it'll probably be somewhere in the, you know, 10 to 20 year range. Hi everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin, author of The Cryptopians. I started covering crypto eight years ago, and as a senior editor at Forbes was the first mainstream media reporter to cover cryptocurrency full time. This is the September 29th, 2023 episode of Unchained. Thinking of launching your own stable coin? Start with the open source stable coin studio toolkit on Hedera. Start your journey at Hedera .com slash Unchained. Shape tomorrow today. With the crypto .com app, you can buy, trade and spend crypto in one place. Download and get $25 with the code Laura. Link in the description. Arbitrum's leading layer two scaling solution offers you ultra cheap and lightning fast transactions, all with security rooted on Ethereum. Visit arbitrum .io today. Toku makes implementing global token compensation and incentive awards simple. With Toku, you get unmatched legal and tax tech support to grant and administer your global team's tokens. Make it simple today with Toku. Today's guest is Nick Day, Coindesk's managing editor for global policy and regulation. Welcome, Nick. Thanks for having me. The trial for former FTX CEO Sam Bankman -Fried starts next Tuesday, October 3rd. There's been a lot happening pre -trial. For instance, Sam has requested release from jail multiple times and repeatedly been denied, including as recently as Thursday morning. My personal thought was that it seemed like all these requests that the defense was putting in at this critical juncture right before the trial was supposed to begin was maybe not the best use of their time, but that's just my personal opinion. I'm not a lawyer. Why do you think they made this such a point of focus in the last few days? Yeah, so I'm actually coming, you know, I was in the courthouse just a few hours ago where this very issue was brought up and the defense's arguments were, well, the first time we asked, it was for pre -trial release. You know, this was right after Bankman -Fried was remanded into custody in mid -August. The second time was, you know, they were asking the appeals court to overrule the judge's decision to remand him. And they lost that as well. In court today, the defense said, well, you know, now we want to ask for during trial, which is why we waited until this week to make that request. And they say that they want to, you know, the circumstances are different. They're not asking for Bankman -Fried to be released from jail in the weeks leading up to trial. Now they're saying, well, you know, during the trial, we're going to have to talk to him and check with him about defense witness testimony and cross -examination and things like that. So that's why we're making this request. And the judge didn't really find that compelling. And why do you think the judge has stuck to this position of keeping Bankman -Fried in jail? So in the judge's words, there's a couple of different reasons. One being that Bankman -Fried has had ample time to look at the defense materials. You know, one of the arguments was there are something like 1300 exhibits expected over the course of the trial. And the judge asked today, you know, were these all prepared and shared with you before, I think he said September 8th, so earlier this month. And the defense, they said, yes, we've seen all of this. We've had access to all of this. Bankman -Fried was out on bail for about seven and a half months. And so the judge's argument is, well, he's had time to look at this. You know, there's no surprises here. And he said that the defense has the chance to talk with Bankman -Fried in the Metropolitan Detention Center, where he's currently being housed weekends during days that there are no trials. So, you know, the trial is not every weekday. It's going to be most weekdays. And he said, you know, you have the time, you have the opportunity, you are able to talk to your client. You're not really losing a whole lot. But he added kind of a, you know, made this ruling where Bankman -Fried will even be presented to the courthouse early on trial days where there's certain witness testimony that has to be discussed and let the attorneys just talk to him before the trial begins on those days. So he's saying basically, you know, you have opportunities to talk to your client and I'm going to give you, you know, more time to do so, but I'm not going to let Bankman -Fried out of jail. So the main focus next week as the trial begins will be jury selection. Tell us what you think that process will be like. It definitely will be interesting. I think it's probably going to be very boring from just kind of an observer perspective because it's a long process and we're going to be just sitting there watching this judge ask each individual, you know, have you heard of FTX? Have you heard of Bankman -Fried? What do you think about cryptocurrencies? But it's going to be very interesting because this is the part where we're 12 or so people who are going to determine whether or not Bankman -Fried spends the next, you know, 10 to 20 years of his life behind bars. And so I'm expecting to see maybe as mixed selection. I think if you pluck a random group of New Yorkers off the streets, some of them may have heard of cryptocurrency, most of them probably will not have, and they're going to be tasked with deciding whether or not one of the biggest figures in crypto committed fraud on the way up and on the way down. Something that was interesting to me was the prosecution said that they expected jury selection to take the better part of a day. I've seen some legal opinions that it will take longer than that. What do you think could potentially happen there and why do you think some analysts are saying that it would take longer? Yeah, no, I've spoken to a number of lawyers as well ahead of the trial, you know, where at Coindes we're trying to do a lot of kind of preview coverage, basically saying here's how it might go down. Everyone I spoke to said it will probably take a couple of days. Part of that is because this is a fairly notorious case. A lot of people will have heard about Bankman Fried and presumably formed some kind of opinion that would, you know, disqualify them from being a juror on the trial. I'm not sure where the DOJ is getting their estimate from. It's very possible that, you know, through the questionnaires that the jury pool is sent through the, you know, the kind of the mass selection process or deselection process that the judge engages in, maybe that streamlines a big part of it by kind of, you know, reducing or like immediately filtering out the people who are most blatantly, you know, either knowledgeable or biased or otherwise have their own preformed viewpoints about the case. And so the jury selection might just be focused on, you know, those individuals who have made it through those initial filtering processes. But that's speculation on my part. I honestly am not sure if it is a better part of the day that we could see opening statements as soon as, you know, next Wednesday, October 4th, which would be a pretty rapid start to the trial. And Coindesk did some work to try to suss out what it is that lower Manhattan New Yorkers might say if they were randomly picked for a jury. What did you discover there? Yeah, no, so Coindesk's Dylan and Victor went to Manhattan, downtown Manhattan to the financial district, and literally just went up to people and said, hey, we're with Coindesk. Have you heard of FTX? Have you heard of Sam Bankman -Fried? And a fairly large part of this group just hadn't heard about it. You know, they weren't familiar with it. They weren't comfortable talking about crypto. They weren't familiar with crypto. And of those who were, you know, I think they found a fairly even mix. There were some individuals who had heard about Bankman -Fried, some individuals who had only heard about crypto, some individuals who were very knowledgeable. They actually found a, you know, a Yahoo anchor who was the most knowledgeable about it naturally as, you know, order covering the financial space. But they also found people who were looking for jobs in crypto, people who were investors in the space. By and large, it seems to, you know, a lot of the people they spoke to just weren't interested or talking, interested in talking about crypto or in, you know, being part of this, being part of crypto. So if that is a representative sample of who we'll see next week at the jury pool, it'll be interesting because we'll see a large, potentially large, jury pool of people who aren't familiar with crypto. Again, on one of the biggest, you know, bang in on one of the biggest figures in the space. Recently, the defense proposed certain questions that it would ask the jurors and the government said that they felt these were quote unquote intrusive. What were some of the questions that were proposed and what was the government's response? Yeah. So, you know, the background here is both the DOJ and the defense team filed their proposed jury questions to help filter potential jurors. The defense team in particular had a number of questions about, you know, how these potential jurors felt about things like effective altruism, about political donations, about ADHD and people who have ADHD. And the DOJ response was really, you know, they felt that some of these questions, for example, about effective altruism and about political donations seemed kind of primed to, or designed to prime the potential jurors to think, oh, well, Bankman Fried was trying to do all of this in service of this effective altruism philosophy. Therefore, he was trying to raise money to donate to better the world or designed to try and prime the jury to think, okay, well, you know, political donations is fine. So these allegations about breaking the law in the way he tried to donate funds maybe is, you know, overreach or whatever. And in the intrusive part, you know, treating just kind of this question of ADHD and whether or not people were, you know, involved with individuals who had it or the DOJ just felt that these questions were really designed to try and shape how the jury would see Bankman Fried as opposed to just kind of gauge their existing biases. And so the DOJ opposed these questions and I think we're still waiting to see for sure if there's any public response on the judge prior to jury selection on Tuesday. All right. So in a moment, we're going to talk about different legal strategies that the defense might pursue. But first, a quick word from the sponsors who make this show possible. 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Recently, the defense did propose a number of witnesses, but the judge denied most of them. Who were these proposed witnesses and why were they denied? Yeah, so the DOJ and defense both had a number of proposed expert witnesses. The defense in particular had a number of individuals that they said could speak to everything from the terms of service that FTX operated under to the FTX software to just rebutting certain DOJ witnesses. The judge basically said he agreed with the DOJ in rejecting all of these proposed witnesses. There were seven. He did allow the defense to call for four of them later on, but they have to meet certain requirements and fill out certain disclosure forms first. A big part of the judge's reasoning was the witnesses had just not adequately explained what they wanted to testify about or what they would say, and so they didn't have or he didn't have enough information to allow them to testify, which was functionally the DOJ's argument as well. That being said, some of these proposed witnesses are intended to act as rebuttal witnesses to DOJ's witnesses. I know we're saying the word witnesses a lot, but that's what it comes down to is four of these witnesses could come back and respond to, you know, either FTX intercircle members who are testifying on behalf of the DOJ. One of the potential witnesses that the defense can call forward is someone who can speak to the actual technical software underlying the, you know, FTX program, again, in response to DOJ witnesses. The judge did completely ban, for example, a British barrister who was supposed to explain the FTX terms of service as well as someone who was supposed to speak to kind of the crypto industry at large, saying that, you know, those witnesses and that proposed testimony seemed a bit too far afield from what the case would be about and could probably do more to confuse the jury than to clarify anything. And SPF's team also wanted to block a proposed government witness that was also denied. Who was that and why did the judge deny that motion? The DOJ proposed a University of Notre Dame professor to testify about some forensic analysis he did on FTX financials. The defense objected. They said that this witness would basically just reiterate the DOJ's claims, the allegations, but the DOJ argued that he was doing his own analysis of the data he had access to. And so it wouldn't just be stating the DOJ's claim. He would be providing his own expert insight based on his own work, you know, examining the databases that he had access to. And the judge agreed with that and said that based on what he'd saw and based on what the witness disclosure had provided, the witness was likely just speaking to his own expertise and looking at actual data as a third -party expert witness might do. And so those witnesses are allowed right now. We're still waiting on the full and final witness list, but we now know that there are probably at least a dozen witnesses that we're going to hear from over the next six weeks. And who are the ones that stick out to you on that list? I think the cooperating witnesses, so the FTX inner circle, that's former Alameda Research CEO Carolyn Ellison, former FTX director for engineering Nishat Singh and Gary Wang. I forget which one of them was the director of engineering. The other one was a fellow executive, but you know, these are the three individuals I think we're going to hear from probably first, maybe. Might hear from them as soon as next week, not certainly the week after. They're the ones who were in it, right? They were involved in this. They were part of FTX. They were part of the highs. I think we're going to probably hear from them, you know, how FTX might've fallen apart. I know from court filings, we know that DOJ wants to ask Carolyn Ellison about the FTT token and allegations that Sandbank and Freed was directly involved in trying to argue for Alameda to take a large sum of it and to potentially allegedly manipulate the price. So I think that testimony is going to be really interesting just because, again, it's the firsthand account of what happened. We're also probably going to see the defense try and discredit these witnesses to the extent possible, right? Straight out of the gate saying, well, you know, you weren't threatened with jail if you didn't testify in turn against your former boss. So I imagine we're just going to hear arguments like that from the defense during cross -examination, but either way, I think this is going to, you know, those are the three witnesses I think we're looking forward to most right now. And then once we're past that kind of initial surge of FTX insiders, that's when we'll get to kind of more, I don't because I don't think that is the right word for it, but, you know, people who are looking at it from kind of the, you know, again, forensic analysis perspective, people who are going to be able to kind of dig through and say, all right, well, you know, we've looked through the smoking remains and here's what we found. And I think that will also be interesting because it'll be really a third -party perspective on, you know, here's how this thing was set up and here's where things may have gone wrong or here's where things may have fallen apart. And getting a third -party perspective on that I think is going to be really fascinating because there'll be, I assume, a bit more objective about it than, you know, people who built it and worked on it maybe could be. One other kind of motion that happened this week that was pretty interesting or development, I should say, is that the judge did allow SPF's team to ask some of the witnesses about their drug use. What do you think will be the significance of that line of questioning? I think that goes back to, you know, a witness, cooperating FTX inner circle member saying, while we were at FTX, Sam directed us to manipulate FTT, whatever, you know, just speculating what someone could say. And the defense comes back and says, well, you know, are you sure that's what he said? Were you high at the time of these conversations or were you engaged in recreational drug use during the time you were running this company? You know, if I'm a member of the jury and I hear, okay, well, everyone was partying and on drugs and doing weird stuff or, you know, potentially, you know, in an altered state of mind, that might shape how I view the, you know, the defendant, the verdict, the whole case. So the judge did say that prior to making those, you know, kind of questions, the defense has to notify the prosecution and the judge about it. So it's not going to be a case of like they'll blindside the witnesses about this, but I imagine that's going to kind of go back to this effort to try and say like, okay, you know, Bankman Fried wasn't doing something wrong on his own or intentionally, it's just that things fell apart, but they were well -intentioned. The defense is going to attempt to, I think, pin some of the blame on legal advice that Bankman Fried received. How effective do you think that argument will be at trial? That's a really hard question to answer. I think the problem that the defense has is there's really no denying that FTX fell apart and it fell apart in like a very dramatic fashion, right? The day it filed for bankruptcy that evening, what, a couple hundred million dollars or tens of millions of dollars worth of crypto was stolen, I think. I forgot the exact amount, but you know, it was a pretty dramatic way to cap off what was already a chaotic week. So the problem the defense has is they can't say, well, FTX is fine. And so they're leaning on this advice of counsel defense. Their argument is going to be, you know, Bankman Fried was well -intentioned. He told his lawyers everything he wanted to do, and he did everything they told him to do. And so because it all fell apart, you can't really pin that on Bankman Fried. You have to look at the advice he was given and the information he was acting on. And so I guess part of the problem that the defense might have here is did they share or did Bankman Fried share everything he wanted to do with his attorneys? Did the attorneys have all the information and did he do exactly everything the way his attorneys told him to? And I don't know, you know, I'm sure we'll see answers to those questions over the next, you know, six weeks or so, but that seems to be kind of how that might play out. And it's going to be an interesting argument for sure. But again, I think it goes down to the central problem of FTX for sure collapsed and how you respond to that. One other issue is that the judge did rule that the prosecution could mention SPF's political donations. And there are charges specifically related to that that will be tried in a separate trial next year. So why were those allowed in this case? So this is where we get into what has become one of the new fun parts of being a court reporter in this case is Bahamas extradition treaties. So the original indictment that Bankman Fried was charged with back in December of 2022 did include campaign finance violations as one of the charges. But because it did not appear in the charging document that the Bahamas Police Department had, there's a Bahamas National Police, something like that, Bankman Fried's defense team successfully argued that they could not bring that charge right now because he had agreed to be extradited on the first seven charges, which were wire fraud and conspiracy to commit wire fraud and conspiracy to commit securities and bodies fraud, et cetera. So what it seems like is going to happen is the prosecution is going to try and fold all of that into all the political donation stuff into the other charges, into the wire fraud charges, and say, well, you know, we have the evidence, we have the allegations, and here's what you have to look at what that means for the next trial. And, you know, you're absolutely correct. There is another trial currently tentatively scheduled for either March or April 2024, next spring, either way, where we will be going through all of this again. But a lot of that is dependent on the Bahamas. And yeah, we could probably talk about that for another hour if you wanted to. All right. Well, we'll leave that for another episode. But one thing I did want to ask about is earlier in this interview, you said that his sentence was likely to be in the range of 10 to 20 years. And obviously, you know, there's many charges and we don't know which ones he'll be found guilty of and which ones he won't. But how are you coming up with that estimate? So yeah, I should definitely be more precise there. So I personally am not a lawyer or an expert in this. I have spoken to a number of lawyers about this. And what they said is, if you have a defendant who is found guilty, so these assumption here is that he is convicted on at least one of these charges. But if he's found guilty on even several of the charges, because all of the conduct is similar, because it's all kind of identical conduct at the core, a judge, when making a sentencing determination, will basically fold all the charges into each other, right? All the conduct. And so even though each of these charges, if you look at the DOJ, press release says, oh, it contains a maximum sentence of 20 years or five years, whatever. It's not going to be consecutive. It'll be concurrent. So the estimate I'm getting from various attorneys that I've spoken to over the past few weeks is probably be somewhere in the, you know, 10 to 20 year range. Some estimates came down as low as five years, some as many as 36 years. But they all seem to base that on just kind of the allegations, the charges themselves combined with the amount of money allegedly lost, which is more than 50 million, combined with the severity and all of that. Yeah. And so 50 million is sort of like some thresholds because I think it goes in levels of severity. Yeah. And the higher the number goes, the longer the sentence. However, that's the largest threshold, obviously. Yeah. I literally looked up the federal sentencing guidelines, which by the way, is a very confusing document. I did not understand it. So I asked someone else to explain it to me, but yeah, it's the different thresholds that you mentioned. And it starts with the, I think the thousands range and then just kind of escalates up and 50 million seems to have been the uppermost that they had. So it's 50 million plus. I think the allegation is something like 10 billion loss from FTX. So 10 billions, a hair more than 50 million. Just as many multiples. So that will probably be kind of the way they calculate it, probably. And again, this is dependent on if he's convicted on one or more charges and all sorts of stuff. Yeah. Okay. Well, we will have to see how all that plays out. Thank you so much for explaining all of this on Unchained. Thanks for having me again. Always great to talk to you. Yes. Same here. Don't forget next up is the weekly news recap today presented by veteran crypto reporter and Columbia University night budget fellow, Michael Del Castillo. Stick around for this week in crypto after this short break. Join over 80 million people using crypto .com. One of the easiest places to buy, trade and spend over 250 cryptocurrencies.
The Bitboy Crypto Podcast
A highlight from Ethereum ETF LAUNCHING Monday?! (Leaked SEC Documents)
"Good morning, everybody. It is September 28th. It's 1130, and it is time to discover crypto. We got Tim and BJ on the ones and twos. How are you two doing today? I'm doing fantastic, man. Alright. Ready for the show. BJ, are you in the silent era? Yes. Okay. He's in the silent era. Guys, we got a great show today. We're going to talk about the Bitcoin 1 %ers. We're going to talk about ETH futures ETF and how a senior analyst of ETFs at Bloomberg thinks it is going to be approved on Tuesday, folks. And that's why maybe you're seeing this huge, huge pump in ETH and a lot of alts as well. Also, we're going to talk about Gary Gensler getting roasted. We're going to replay the clip of the Pokemon cards. It's just too good not to share. Also, AI is alive. It's alive right now. How soon do we have a Terminator 2 style D -Day? Give it about 30 years. 30 years, folks. 30 years. Alright. We'll go ahead and start building the bunker right now. Yes, DC's in the suspenders. I know. If you just had the green bow tie, you and McHenry. Alright. One, I'm not going to wear a bow tie. Nothing against bow ties. Just bow ties aren't for me. I'm going to wear a regular tie with the classic winds or not, or I'm going to wear the suspenders. Yeah. This used to be my old bartending get up. I'll tell you what. You wear the suspenders in the button -up shirt. I'll wear the hoodie, but I'll wear the bow tie with the hoodie, and then we'll complete the whole ensemble. Okay. Okay. So you'll be like Fetterman, and I'll be Fetterman's, like, lowest level employee. Exactly. Yes. What were you going to say, BJ? That's like Voltron, yeah. Yeah, yeah. Then we'll team up. Alright. Well, let's just get right to the market cap story here. Alright. Where are we at? Whoa. Did you see that pump right there? Yesterday, we were up around 0 .4%. Today, we are up 2 .3 % for the crypto market cap. We had passed 1 .1 trillion. 24 -hour volume for the first time in a long time is above $50 billion. We're coming in at $52 billion. Bitcoin dominance, Tim's looking a little happy here. It was 47 .1 for a few days. It is now up to 47 .3. Gas, surprisingly low, only 20 Gwei, but it's actually about double of what it was yesterday, but still pretty low. I was surprised to see that. Alright, let's look at the pricing here. We have Bitcoin up 2 .1%. It is now coming in at 26 ,858 bucks. We have Ethereum past 1600, now 1638. It is up 2 .5%. BNB up 1%. XRP up 0 .5%. And we have Cardano up 1 .6%. Solana. Solana is pumping, folks. We have it up 2 .6. And TonCoin erasing about a third of the losses of the past week. It is up 2 .7%. But I'm ready to look at some of these top gainers. Ooh, look at Bitcoin Cash as well. Have you ever thought about trading Bitcoin SV or Bitcoin Cash? Because they do have pretty big moves. Yeah, no, I mean, they definitely are probably better for trading, especially if you want to stay away from leverage, but you still want to be able to utilize the moves of Bitcoin. But yeah, I haven't ever done it. Don't think I will. Okay. Alright. Well, let's look at the top gainers. Let's look at the top losers here. Wow. We have Compound. It is skyrocketing, folks. And Compound has shot back into the top 100. I have RollBit up 12 % just for today. I have a little bit of exposure to RollBit and a little bit of exposure to Apecoin. And I have a couple comic book issues of Thor, but I don't know if that will affect my pricing there. But it is up 10 .8 % and Apecoin up 7 .4%. Bitcoin Cash coming in as the top five gainer here, followed by Lido, DAL, then Aave, GMX, Maker, Arbitrum, Stacks. And then, hey, look, a little Chainlink way down at the bottom. Do you have any of these alts? You're not much of an alt guy, right? No, I mean, I have alts, but I don't go that deep. The moment I have about eight of them, Aave is one that is close to being on the list of maybe I'll come into it. You know what? You don't want to get into, though. I've been watching a lot of maybe... I think he's going to come on the show in the future. Shout out to Crypto Archie. Archie's been going really deep in some degens that are sitting around like a $4 million market cap, and their chances of 100Xing are greater than others. I do think I'm going to start looking into a real good degen portfolio. It's probably not going to take up more than... 10 % is probably being generous in my entire portfolio, but I like where I am. I'm definitely very top -heavy when it comes to crypto. I'm more conservative with my investments, but I'm going to take a little bit of risk this market. All right, BG says, BCH is my secret crush. My dirty girl, he calls it. Where's the one person? A million dollar vision. We're going to give you a million dollar vision. Hopefully, you can stick around and just be part of that positive message. I believe you will. I'm believing in you. All right, well, speaking of believing, I'm believing today we'll not have any of these these coins in the biggest losers of the top 100 cryptocurrencies here. I'm manifesting it. It's failed in the past, but today I'm feeling good. Let's go ahead and look. What do we have? We have Casper. All right, I'm not pale as it goes just yet. Casper is down only 1 .2, then followed by tethered gold. So this is a peg to gold price here, then gate, then another gold. We have another gold coin essentially losing here, then injective, and then stable coins. Wow, I escaped it today. I escaped it today, but gold's on the way down and I have exposure to gold. So does that count? Any day that stable coins are in your top losers, it's a good day for crypto. All right, can we, before we jump over to the top story here, can we look at some gold pricing and silver pricing here? I want to look at gold on Kitco, and if you want to look at silver, maybe we could check out some prices. I like Kitco, K -I -T -C -O. Here we have gold pulling up. Gold is down $14 for the day, so not a whole lot there when the price is coming in at $18 .61. How soon until ETH passes an ounce of gold? One ETH almost equals one ounce of gold. Costco starting to sell gold. I looked into it. They sell out usually within hours whenever they limit two per customer, but they sell one ounce nuggets right around spot price. All right, what do we have for silver? I don't know if this is the right one or not. I looked it up. This says CFDs on silver. Oh, you're a trading view guy. We like trading view. Shout out to Marcus Seifer. Price slightly down, but it's definitely got a consolidation kind of pattern going on here. Yes, we're still kind of moving, setting some higher lows, but we kind of flat out here. After kind of getting kind of in this region, we've flattened out with these lows. The resistance is getting lower, but I'm going to go ahead and say, Deezy, I think that this is a pattern. Watch what happens to support. We're back down at support, but this is a pattern I would almost lean more towards a move to the upside. Let me look at oscillators on this. Yeah, I'm feeling like that's bullish. I'm feeling like that's bullish. Plus, silver has underperformed relative to gold in the past 10, 20 years. I'm feeling pretty good about it right now. Yeah, no, the charts on the daily chart look more bullish than bearish, I would say. It's kind of sitting somewhat in the middle, but more bullish than bearish. All right, and we have Danny Boy saying, look at 100 coin. Maybe, maybe. We'll see. I don't know. Maybe we'll get some time here. All right, well, let's get into the top story here. ETH, futures, ETFs. What is it going to mean? I also got some short form content. Guys, we have an article talking about these Bloomberg analysts. I'm just going to do the deep dive as well, so let's read paragraph or two, and then we'll just see what exactly they're talking about. Let's go to the source material. Let's go to the source code of the simulation here. Bloomberg analyst shares information leaked from the inside that SEC on Ethereum futures ETF. They gave the good news date, folks. We're talking about Eric Balchunas. He's the senior ETF analyst. We're not talking about the janitor there. We're not talking about, you know, the guy that makes a tweet every now then. We're talking about their senior ETF analyst. And he said in a statement, he has inside on info when the SEC will approve the ETH futures ETF. Now, we know there's inside information. Who's going to have better inside info than Bloomberg senior ETF analyst? I'm feeling pretty good about this guy's sources. Now, you got to be careful. Never trust anonymous sources. But if I'm going to trust one, I might end up having to trust this one. All right, let's see what exactly were they talking about? It all started. Let's James Safart here. Nothing yet, but watching for filings to indicate Ethereum futures are indeed being accelerated for launch next week. All right, so what was he talking about here? Here's a repost from Eric. So Ether future ETFs could be trading as early as Tuesday, folks, as the SEC looks to speed things up and in order to get it done before the looming shutdown, just like they sped up delays on spot Bitcoin ETFs. If so, issuers likely in mad scramble as we seek to update the doc. So we have the government shutdown to thank for this actually getting sped up because we covered it I think two days ago. We looked at when the government shutdown happens, what happens through the individual agencies. If you weren't here, guys, SEC will reduce 90 % of its workforce, CFTC along the same line. So 10 poise, there's only going to be one showing up in that office. That's going to be a very lonely office. So what they're trying to do, they're trying to clear all the paperwork off the desks before it's just that one guy alone. I feel bad for that guy. Who is that guy? Shoot us a message here. All right, well, let's go back to X here. So he was quote tweeting this tweet from 14 hours ago. Well, let's, uh, let's see looking like SEC is going to let a bunch of ETH futures ETFs go next week, potentially. And then he was quoting this tweet. So let's look at that tweet. And then that was the one earlier hearing they might update so they can go on effective on Monday and trade on Tuesday. They've asked filers to update their docs by fry, uh, Friday PM. Uh, I'm guessing that's the end of day Friday. So they have till tomorrow, 5 PM Eastern standard time, get your paperwork done. If you get your spot futures, I'm sorry, your futures ETF paperwork filed, you might be able to trade it on a Tuesday. We're going to go ahead and get that in submitted on a Monday. So this guys, this could be very, very big. Now we have to wait till Monday, you know, nothing set in stone here, but however, according to the analyst, they will approve, uh, of the applications that candidates who do update it by Friday afternoon, and they will begin trading on Tuesday. Uh, how speaker McCarthy rejected the stopgap funding bill advancing in the Senate on Wednesday, leaving us just four days from the fourth partial shutdown of the U S government in the past decade. It is thought that a closure event would deeply affect the sec. It is rumored that the spot ETF applications were postponed early for this reason. So chat, where are you coming in? Are we going to shut down? I didn't realize we had done it four times in the past 10 years. I would have maybe said two in the past 15. That makes me think guys, I'm, I'm starting to lean towards, you know, if you asked me three days ago, I'm under 50%. I'm leaning towards 50%. I might even exceed 50 % by tomorrow. Where were you guys coming in on the odds of a government shutdown? Yeah, I think I'm a little low. I think I'd say maybe 35, 40 % it shuts down. I think they're going to have to do with both sides, but it would not behoove Biden to have that shutdown happen. There's a lot of reasons why they'd want to keep it open. Of course, there's a lot of Republicans in Congress, they're kind of pushing for it. They probably like it. They want it. I think they come to some sort of deal. They don't do it. Guys, should we just break down the alpha for you? You know, a lot of part, what makes this live show exciting is we can do things like BJ, while you go, could you look up October 19, 2021 daily candles on Bitcoin, October 19, 2021? Well, I'm going to be the idiot in the room as usual. So if we removed the debt ceiling and put it on pause till 2025, why would we even have a shutdown? Because it wasn't the entire shutdown when we would hit the debt ceiling. So that's not relevant for another 18 months. Yeah, that is a very good point on the debt ceiling. I think that that's a great question. So maybe that debt ceiling isn't as final as they made it appear because I was being told, oh, once this debt ceiling is raised, we don't have anything to worry about. And then two weeks later, we all of a sudden have something to worry about. So now we need to think about the next time they give us a debt ceiling raise. What the f are you actually doing here? Is it actually nothing? These game devs really need to figure out how they're building their ecosystem, because these rules just don't make sense anymore. They don't make, yeah, yeah. There's a lot of bugs in the code here. All right, we have the daily candles. See the date again? October 19th, 2021. If we just look at about a 30 -day period, maybe 10 days before to 10, 20 days after. Yep. So this is getting close to the top, but it was the, there's the, we ended up beating it out. But October 19th is right here. So it's this candle. We have one more day. We topped out on the 20th. Hover over the 19th. Right there. That is the day we had a Bitcoin futures ETF here. Move more to the right side. Let's, let's get a little bit in. That's the top right here. Let's stretch that Y axis. Let's stretch it out. All right, here we go. Go back to the 19th. Yep. The 19th, right? Let me go over here. 19th is right here. So in the lead up, it pumped, it pumped, but guys, that was a buy the rumor, sell the news. We had one more day. All right. They probably didn't want, you know, Fox Business News and MSNBC to be like, oh yeah, it got approved yesterday. Look at the price. So they gave us another 24 hours of pump. We've got the pump of metal pumping. Then, you know, a new cycle, you're probably not going to want to talk about it 36 hours later, 48 hours. So we got that pump. We got a nice strong pump for 24 hours. And then it went down folks. And then it went down. We went from, I believe that was about 55K, right? No, no, I'm sorry. 65K. 64, 64 .3. And then we dropped down to what about a week later? We got dropped down about 57 .8. All right. So we went from 63, 64, all the way back down to 57. And then we set in a new all time high. What was the amount of days from that low? What's the date? If you just hover, it gives you the date, right? On the bottom, it gives you the date. So date October 28th, it peaked November 10th. All right. So 13 days later. So a week later, it put in a local low. And then two weeks later, new all time high. Will the spot or will the futures ETH ETF play out in a similar way? I don't think we're, obviously we're not going to go to 4 ,500. We're not sending in a new all time high. But what I'm thinking is we might have a similar chart pattern. You're the Bitcoin ETF. In reality, this is only a period. That means we might have. All right. So that's the date. That's we're five days away from Tuesday, right? Friday, Saturday, Sunday, Monday, Tuesday. Go back five days from that, from the 19th. So go to the 14th, October 14th. 14th is right here. Boom. Nice big pump. It pumped for five days. Buy the room or sell the news. And then it dropped. And so maybe we're going to have a really good next four days. Maybe. You know, maybe I would say that that's a little bit premature. I think we have to look at a lot of different things going on. Obviously, we're getting close to the part where the market was going to top out and go to the downside. I think there, if anything, the case to be made here, even though there was some pump in that happens here, I would only make the case that this is proof ETFs can't save you from the bear market starting. I think there's I think it's a mixed bag. I think it's a little bit too irresponsible to try to say, well, back in October 2021, this happened. Well, there was a lot of things with timing and a lot of other different things. I think let's watch ETF. It will be bullish long term. But remember, futures ETFs allow both longing and shorting. So volatility is more what I'm predicting, not necessarily a firm. Let me play devil's advocate. That was what a lot of smart people thought was going to be the top or near the top. So if you have some, I have to hold this instrument for six months, and it's October 2021, you have one choice. You open in a long in October 21, you open in a short in October 21. I feel like a lot of smart money is choosing short. Well, let's go to today. We're almost half a year from the having. You have a choice. Are you going to open a long today to cash in in six months? Are you going to open a short today to cash in in six months? I feel like then many more people are going to choose short relative to today. You know what, let's actually that takes us into our next story. Let's talk about the big investors. Will they choose Bitcoin? Will they choose Ethereum? Will they choose, you know, futures or will they wait for spot? Here's what this Fidelity executive has to say. Ethereum investment thesis could be easier for institutions to grasp than this big, then bitcoins. And here is why. This was with the interview with a bankless YouTube channel. I do like bankless Fidelity's director of research, Chris Cooper, I think says the firm's Ethereum investment thesis could be an easier concept for blue chips to understand. With traditional, it's probably more easily go with them something like ether, then show them things where they grasp much quicker than investment thesis for Bitcoin. The investment thesis for Bitcoin, according to Cooper, is to truly understand it, you got to first to dabble into politics, got no little philosophy, got to know some game theory, got to know some economics, got to know some other concepts, you got to know the Byzantine generals problem, you got to know what the white paper is, you got to hate the NSA and the surveillance state. It's a lot, right? It is a lot. I remember that feeling, you know, half a decade ago, maybe more. Well, you know, I learned about Bitcoin, I didn't really get into it to about half a decade ago. I remember watching Andreas Antonopoulos clips on YouTube. And I just, I'm just alone in my living room with, you know, with, you know, maybe Mary J was there, but you know, I'm just alone. I'm watching this and my mind's getting blown here. And I'm just like, my God, I'm just so into what this guy is putting down. And then you go to your friend, and you try to, you're full of zeal. You feel like a religious apostle. And you're like, oh, my God, have you heard this thing called Bitcoin and what it's doing? And then you just get a blank stare back. Yeah. It's like, oh, yeah, I ate the orange pill, didn't I? Yeah. It's taken me back to these feelings here. All right. So yeah, it's a lot. Basically, what I'm saying, it's a lot to wrap your head around Bitcoin, folks. That's all I'm saying. I had the my first exposure to Bitcoin whatsoever was back in 2013. And I was the opposite side of that. What you just said, the staring face. There is this kid I met. He was very passionate about Bitcoin, tried to convince me it was the one world currency that Revelation talks about. He also was a pot farmer. So I looked at him and I said, OK, buddy, good story. Now, it turns out I should have gotten in when he told me to. He he was right. I should have gotten into Bitcoin. But I do hold to when you hear a lunatic who is growing pot for a living tell you that this currency is what Revelation talks about. You got it. You got to at least question it a little bit. I understand people still being stone faced at this point. Yeah. My first two exposure was 4chan and I was like, oh, anything they suggest is a scam, is a honeypot. And they are trying to hack me. And so that honestly, like in a weird way, learning I learned about it from too shady of a source. I was like, oh, yeah, I'm going to stay away from that one. The second exposure was my buddy buying ecstasy pills of Silk Road. And I'm like, again, another thing I want to stay away from. No, man, I'm good. I'm good. And then Silk Road happened. And also he lost his Bitcoin on a hard drive. So I was just like, yeah, I don't know about this, man. I don't know about this. And then eventually, you know, the hook got me there. All right. Well, you know, that's what we're saying about Bitcoin to truly understand it. It is a whole lot, you know, but imagine that you can get in front of them and just say, look, talking about Ethereum, here's the metrics, here's the cash flow, you put in your inputs, and they're looking at it like another financial instrument. And they're like, oh, yeah, that makes sense to me, you can have these scenario analyses where you could get your head around the probabilities. And then that way, people can size their position accordingly. That's how an institutional investor thinks. That's how a good investor thinks. They think around probability scenario analysis. And in fact, they are so strongly about that they capitalize the eye there. That's how institutional investor thinks. They really, they think about the probability scenarios there. So yeah, I think that's a pretty good, pretty good point there.
Bankless
A highlight from ROLLUP: Coinbase Crashes DC | Gary Grilled By Congress | Vitalik Deepfakes
"Miss Wagner is like, yo, MIT version of Gary was pro -blockchain, but SEC Gary is anti -blockchain. And then Richie Torres is like, yo, it's a Pokemon card of security? These people are listening to crypto Twitter. They are like, these are our things. The power of crypto Twitter is like getting into Congress. Well, it's because it's distilled logic. I mean, Bankless Nation, it is the last Friday of September. David, what time is it? It's the Bankless Friday Weekly Rollup Ryan where we cover the entire weekly news in crypto, which is always an ambitious endeavor, yet we persevere nonetheless into the frontier this week with a bunch of clips of Gary getting grilled. So everyone, everyone prepare for that one. If you're not listening to this with coffee, because it's too late in the day, well then you should get your popcorn, because that is what you will need. I mean, this is a catharsis, I think, for many of you in this episode. You'll enjoy this very much. Also, crypto was present in Washington this week. Yeah, Coinbase's stand with crypto day was held at Capitol Hill the same day that Gensler was giving testimony in front of Congress. Convenient. What about the timing of that? David, what else we got? After that, we'll talk about pudgy penguins in Walmart landing a huge deal, a ton of distribution for pudgy penguins, also with each toy purchase having an on -chain identity on ZKSync. So we'll talk about that. And then after, also not only are penguins getting identity, but citizens of Buenos Aires perhaps also getting some on -chain presence as well. We'll talk about that. And then, of course, we're going to do the PSA of deepfakes and phishing attacks that are out there. We got a Vitalik deepfake that we want to show you. It's pretty hilarious, but not if you believe it. Notable VC Fred Wilson got phished for 40 NFTs this week. So if Fred Wilson can get phished, so can you. We will talk about this and more. What else we got, Ryan? You know, the usual Bitcoin ETF stuff. ETH might be getting futures. There's a ton to talk about every week. This is a bullish week, I think. I'm declaring it such, David. It is a bullish week. And we got some green candles when we get to the markets. But before we get in, David, we got a message from our friends and sponsors over at Layer Zero. What do they want the folks at home to know? They want you to know that after a year, over a year of combined effort, Layer Zero and Google Cloud have announced their partnership, and they are ready to build the interoperable cross -chain apps of the future. What is Layer Zero? Of course, Layer Zero is a set of smart contracts that are deployed on every single chain. These smart contracts connect to each other. How do they connect to each other? Well, they need some Oracle service in the center to be the chatterboxes, the passing messages between all of the Layer Zero smart contracts across all of the 50 different chains. Google Cloud is that new default Oracle. That is the partnership that they have created. So there is a link in the show notes for you to go explore more if you're a builder who wants to build on Layer Zero. LayerZero .network is also the URL. Well, you know what I want to learn more about this week, David, is markets. Tell me about the old markets. I think, I think, I haven't looked at this yet, but I think we got some green on the week. We got some green, dude. Let's look at the Bitcoin charts first. What's Bitcoin showing us? Some single digit green. Look at that green right on the right. That's your dose of dopamine for this week. It's like, whoo, Bitcoin up 2%, whopping 2%. Started the week at 26 ,600, ending the week at, well, Thursday morning, if you call it the end of the week. It's not the end of the week. 27 ,150, up 2%. Ether price up a little bit more, starting the week at 1660, up 4 .5 % to the current price, excuse me, starting the week at 1560, ending the week at right around 1660, where we are right now. 1660. I mean, it's still low. That is a low price. We are getting excited about very little right now. Yeah. It's up such a small degree, you shouldn't even be excited about this. And yet we are. Yeah, we are. 4 .5 % on the week, I'll tell you. It's better than flat. When's the last time we had a double digit week, man? Double digit up or down? Up. I can't remember either, actually. We've been in the flatlands for so long. It's just like kind of a little bit of a bleed out all the way from 1900. Weren't we over 2000 a few weeks ago? Yeah, we have touched over 2000 in this bear market, but man, it certainly doesn't feel like it. Last time we were at 2K was July. In July, briefly. We weren't at 2K. Yeah, I can't remember July. Well, I was in the mountains. It's been downhill ever since I caught back for the mountains. Yeah, it really was. It's been all downhill since you guys. The only thing you can do, David, is go to the mountains. Bad things happen to Gary Gensler when you go to the mountains. Although, I guess nothing bad happened to him this week. Anyway, I'm skipping too far ahead. We'll have our Gary later in the episode. ETH, Bitcoin, up 2%. Total crypto market cap, $1 .11 trillion. Layer 2 scaling factor, touched 6 % this week, down to 5 .5%. Still at all -time highs. Layer 0. Wait, what touched 6 %? Excuse me, not 6%. Total value loss? 6x. 6x is what I meant. Oh, activity. That's what you like to look at. Yes, layer 2 activity touched 6x of Ethereum, but now it's at 5 .69. Nice. 60 transactions per second, 64 transactions per second. Yeah, that's where we get the 6x. We got more transactions per second left in this tank, I think. Oh, yeah. David, you want to talk about the general markets, like all the TradFi markets? You want to talk about macro really quick, because it's been super confusing to me. It's been super confusing. And then I read this tweet. We're also doing a macro show on Tuesday as well. So a macro show, so talking about the state of macro from a crypto person, so it's a crypto person who understands macro, so I'm really excited for that show. Are you a crypto person that understands macro, David? Do you understand macro? When I have a smarter macro person with me, then yes, I understand macro. My question to you is, does anybody really understand macro, particularly right now? Oh, you mean current snapshot? Definitely not. Yeah, all right. So here's the tweet. Current situation. One, stocks are falling like a recession is coming. Two, oil prices are rising like there's no recession in sight. That's contradictory. Three, interest rates are rising like we have 10 % inflation. Yes, they are. Four, gold is falling like inflation is gone. Five, housing prices are rising like rates are falling. And six, commercial real estate is falling like it's 2008. Nothing adds up here. That's the way I feel about macro right now. It's very confusing. There is a confusing set of signals going on, and it's not adding up in my head. What do you think about this? Yeah, they follow through, and they say it's beginning to feel like a pivot point in sentiment. I don't know if I'm about to say what I think they are meaning by this, but when there's a bunch of confusion, people, I think, brace for something, brace for clarity, and then whatever that clarity is will define sentiment. Where are we going? We don't know. As soon as we find out, we'll know how we feel about it. But we know it's going to be different from here. Different good or different bad? Those are the only two directions. Yeah, I guess that's the reductive take about it. But it's basically like we don't really know. That's why I'm very interested in doing this macro episode next week to see what the newest macro person kind of knows. I will say one thing, though. I think volatility is back on the menu. I think that's what this means. Because when the market doesn't know what direction it's going to go in, then it can kind of lurch in one direction or the other. So weird macro climate right now. On the back of stimulus, on the back of money printing, like what's going on here? And just to be clear about something, we've previously talked about stocks being at all time highs. That's been kind of the theme of the last two months, I would say. Well, so from looking at the SPY, you don't have the chart up, but it has declined by 7 % since July. So the SPY is down 7%, which is more. That goes to the first bullet point. Stocks are falling like a recession is coming up. I don't know. It's down 7%, just doesn't feel like a lot to me. Well, in the trade market, 7 % is a lot historically, but not recently. 7 % in the trade market is actually, that's just like, trade markets are also volatile. OK, well, we'll try to make sense of this, but let's get back to crypto. This is a negative report from JP Morgan, who said, Ethereum's activity post -Shanghai that was the last hard fork back in March, has been disappointing. JP Morgan calling Ethereum's progress disappointing. They've got some reasons for this. While the shift from proof of work to proof of stake meant that the energy consumption from Ethereum collapsed by 99%, the Ethereum supply is shrinking and staking rose sharply by 50 % since the Shanghai upgrade. While that happened, the increase in network activity has been rather disappointing. Ethereum's daily transactions, daily active addresses, and total value locked on DeFi protocols on the network have all experienced declines since the last hard fork. So JP Morgan, their analysts expressing some bearishness here over the last six months or so. Yes. I'm not mad, just disappointed with that activity. My response to that is, who the hell are you? JP Morgan doesn't know how to analyze these things. Well, I don't know. Ethereum post -Shanghai activity, it's just the broader crypto downturn. And also, they're just wrong, JP Morgan, he is wrong. They say layer twos have displayed mixed results. Well, no, TVL and economic activity on layer twos across the board are all up. I don't know where the hell they're getting their data from, but not only is their data wrong, but their analysis is poor. Well, let's go to the actual numbers, Stephen. Layer two beat provides a good source for value locked on layer twos. What are we looking at? At the 180 -day time frame, it's basically flat. It's marginally up, it's basically flat. It's a flat TVL, $10 .5 billion. Activity is up, it's up so much. It's unequivocally up by a lot. I'm disappointed in JP Morgan. Wow. Have you ever been not disappointed with JP Morgan, David? I'm generally disappointed by banking in general. Really? You should start a podcast called Bankless, David, about escaping your bank over time, slowly. I think Vance Spencer put that tweet in perspective as well. Actually, I don't think he was responding to that tweet in particular. But we are. We got some perspective here from Vance Spencer. This is Ethereum, if you chart it against some of the fastest growing tech companies in human history, companies like Alphabet was Google, of course, and Meta or Zoom or Microsoft, and how quickly, over time, it took them to surpass $10 billion in revenue. How long did it take them? It took Ethereum seven years. When charted against these other tech companies, there's only one that did that faster, and that is Google. Yeah. Ethereum really did all of its $10 billion of revenue inside of 2020 to 2023. I mean, so look at this line. It's just kind of like a slope line up. So I mean, doing pretty well, all things considered, JP Morgan. Not disappointing. I'm not disappointed by this. And I'm not disappointed. Also, long -term perspective, not disappointed in the price of ETH over the last seven years either. And we can keep going. Uniswap this week hit 300 million in swaps. 300 unique million trades, swaps, has happened on Uniswap. Uniswap was invented in 2019. 300 million swaps since 2019. Is that disappointing? Is that disappointing? I'm not disappointed by that in the slightest. I feel great about that. Maintain my disappointment about JP Morgan. You know, I think it's part of a broader crypto sentiment, and I've seen a lot of takes just in general in news, but even in financial analyst news like JP Morgan research, that sort of thing. It comes back down to this, David. Mainstream thinks that crypto is dead, again, like always. This always happens. And this is what makes this a buying opportunity, as with previous cycles. And when crypto 10x's the next cycle, don't let anybody tell you you didn't earn it. Because if you're buying here, when everyone is saying crypto is dead, it's never coming back. That they're disappointed. That's how you earn. It's so easy. The signals are just being laid at our feet right now. They really are. I tweeted something like that out, and somebody responded with this life cycle. What are we looking at here? Yeah, just like the cycle of the bull bear market. So in the top of the bull market, some crypto friend of you will tell you, a bankless listener, you're so lucky. I wish that I bought two. And then the crypto market will go down and be like, you're an idiot. I told you crypto was a scam. Yeah, so especially when they say the words disappointing, it's such an emotional word. It's kind of just playing into the readership. I don't know if JP Morgan is about that game. I mean, we're in the stage of the cycle where everyone thinks you're an idiot. And they told you it was a scam. And you can't talk about crypto at your family events or parties because you're just the crypto moron who knows nothing. And ha, ha, ha, SPF, FTX, that's so stupid. Scams, frauds, NFTs are such a joke. Well, granted, some of those things are actually true. Sure, sure. But if you're still in crypto and you know why you're here. And you're no longer buying the scams because you can identify them. And then you'll swing back to like, I am a genius. I am amazing. I am lucky. Or third parties will say you're lucky when that happens and you'll feel like a genius. You've been chewing glass for three years, but you know, you got lucky, though. You got lucky. How about the Bitcoin ETF, David? Here's a tweet from James Seyfert. What's this about? He just says that the SEC has come out super early and delayed the ARK Invest and 21 shares Bitcoin ETF filing. There wasn't a decision due until November 11th. And typically up until recently, the SEC has always gone up right up until the buzzer. But they decided to delay their decision on this earlier than usual. You know why? Partially? It's some speculation. It's because the government's about to shut down. The U .S. government's about to shut down. That's on Monday, right? On Monday? Yeah. So apparently if by Sunday night, this Sunday night, Congress doesn't reach some sort of compromise resolution, whatever agreement to keep the government running, then it shuts down yet again. I mean, how many times have we been through this? And so this is the SEC just getting ahead of that so that the stuff doesn't expire while the government shut down. And I guess, I don't know what would happen if the government shut down and these deadlines were missed. But maybe they would de facto be approved. I think that could be how it works. Is this some sort of pseudo oracle about how the SEC thinks that if we do go for a shutdown, we'll get shut down all the way until at least November 11th? I have no idea. I have no idea what this could mean. I do know this is good news. So Congress, both Democrats and Republican lawmakers, sent a letter to Gary Gensler pleading that he approve a spot Bitcoin ETF.
The Cryptoshow - blockchain, cryptocurrencies, Bitcoin and decentralization simply explained
A highlight from #465 Ethereum Futures ETF approved?! New All-Time High incoming??
"Welcome to the Crypto Show. Your podcast for everything around crypto, blockchain, bitcoin and more. Here is your host, international blockchain expert, serial entrepreneur and investor, Dr. Julian Hasp. Are we seeing an Ethereum future CTF coming out relatively soon? Hey and welcome to today's video. My name is Julian. On my channel it's all about making you crypto fit. I discuss the beautiful world of decentralization, blockchain, cryptocurrencies. And today we're going to discuss the second largest cryptocurrency, Ethereum. We're going to discuss a potential approval of an Ethereum futures ETF. Maybe even today on Friday, but maybe also only beginning of next week. Looks very promising. I'm going to give you some price targets. Some kind of things that I'm going to be looking for. And I'm going to give you a bit of what my course of action is going to be in all of that. So let's dive right in. First and foremost, because of the impending US shutdown, the SEC seems to speed run a lot of those applications. While the Bitcoin ETFs, and these are spot ETFs, all got delayed to January it looks like. And again, this doesn't mean that it's guaranteed to be approved in January, but at least the decision is going to happen ready in 2024. The Ethereum futures ETF seemed to be taking a different turn. First and foremost, there is a mixed futures ETF of Bitcoin and Ethereum with a 10 % Ethereum allocation, 90 % Bitcoin. That's going to be switched to 50 -50 next week. And that seems to have been approved already. And we can see this in the market. Suddenly, the futures all started to really jump up and generate quite a spread to spot. So someone is buying those futures and it's, I mean, sure, this can happen by anyone. But it's very likely that we're seeing these futures buying because the market or these players are getting ready to be listed. So it looks very promising. We don't have pure Ethereum futures ETFs yet. We have it for Bitcoin, but not for Ethereum. It's very likely that we're going to see an approval today on Friday or maybe beginning of next week. And this would be monumental for Ethereum. A lot of people are saying, oh, this is going to just crash the price of Ethereum. A couple of thoughts on this. First, if you look back on Bitcoin in 2021, a big part of the massive rally was actually those futures ETFs. Sure, afterwards it totally crashed. But this also has had a lot to do more with M2, in my opinion, getting completely compressed interest rates going up than anything else. So I'm not bearish on the Ethereum futures ETF. One has to be very careful, though, in what does the price do. The best scenario here would be that we are seeing maybe a rally up to 2000 or something, right, like a 10%, 20 % rally. I think that would be fantastic. But I think if we're going to see now suddenly a 50 % or 100 % rally, that would really scare me as well. And I would get very cautious on this. So I think the ideal scenario on this would be a strong bullish trend, but not like a 100 % pump or something. So I hope you understand where I'm coming from when I say, you know, I'm bullish on Ethereum, but I'm also not hoping that we're going to see 100 % kind of massive pump and then afterwards a dump. In general, such a futures ETF is definitely bullish because Ethereum doesn't have any institutional rails so far. And this would really be some rails. Now, suddenly everyone can invest in those ETFs, any pension fund could. So sure, they would all love to have a spot ETF, but futures ETF is kind of the second best here. And so you're going to see massive, massive drive. And you can see this also, the Ethereum price is outperforming Bitcoin at the moment. And this is something that I'm actually expecting going forward all the way until we may see a Bitcoin spot ETF. Until that point, I would be surprised if Ethereum rather underperforms simply because there's more speaking for Ethereum at the moment. We have the futures ETF, we have the dank sharding that's planned for November -ish. So it looks all very promising. And I sent out an email already. If you're not getting those emails, head over to ceonews .bake .io and really have a read on all those kind of strategies and ideas. At the moment, if you are not dollar -cost averaging into Ethereum, I mean, you can also dollar -cost average into Bitcoin. I'm also dollar -cost averaging into DeFi chain. If you're not doing this at the moment, you're either not believing that these futures ETFs are going to come out or you're in general bearish. But, I don't know, I am doing this and I think at the moment it makes just a lot, a lot of sense. By the way, on Bake, we do have a really cool dollar -cost averaging promotion right now where you even have the chance to win a Tesla. So if you want to check this out, head over to bake .io and have a look. Let me know your thoughts. What do you think? Do you think the Ethereum futures ETFs are going to get approved in the next two to three days? Do you think it's going to be bullish for the price? What is your course of action here? And again, I'm dollar -cost averaging. I'll stay long. I may take profits if the rally is too crazy, but like a 10 -20 % rally is not something that I'm going to take profit on. But if this suddenly becomes a 100 % rally, and look, this is possible, right? 100 % rally, suddenly we're shooting up to, I don't know, $3 ,000, $4 ,000 on Ethereum. It's easily possible because suddenly you have this institutional money coming in, then I would take profits, but not if it's like a 10 -20%. That's it. If you love these videos, let me know in the comments, share the video with other people, and I hope to see you soon with some more nice insights into the markets. Stay safe, stay healthy, subscribe to the channel, and I'll see you next time. Thank you so much. It was truly trillion. Bye -bye. Unfortunately, we are already at the end of today's episode. If you find The Crypto Show helpful and would like to continue being a part of it, don't forget to subscribe so you are notified when we have the next episode out. If you want to do me a huge favor, please leave a review. It literally only takes a few seconds, but it helps the podcast platforms to rank this show. Hear you next time. Julian.
The Bill Simmons Podcast
A highlight from A Dame Trade Deep Dive With Ben Thompson, Plus Seth Meyers and Million-Dollar Picks
"Coming up, Dame gets traded. Million dollar pick Seth Meyers, it's all next. It's the Bill Simmons Podcast presented by FanDuel. Get in on the football action right from the opening kickoff with America's number one sports book. The app is safe, secure, easy to use. FanDuel always has exclusive offers. When you win, you'll get paid instantly. FanDuel has lots of ways to play, like the spread, money line, over -unders, team totals, player props, so much more. Jump into the action at any time during the game with live betting. Combine multiple bets from the same game in a same game parlay. Download the FanDuel sports book app today. Make every moment more of this football season. The Ringer is committed to responsible gaming. Please visit TheRinger .com slash RG to learn more about the resources and help lines available and listen to the end of this episode for additional details. You must be 21 plus and present in select states. Gambling problem, call 1 -800 -GAMBLER or visit TheRinger .com slash RG. This episode is brought to you by Uber Eats. I just use this. Here's something every football fan should know. You can get everything you need for game day delivered with Uber Eats. Well, almost, almost anything because you can't get the dream flex for your fantasy team delivered with Uber Eats. But Tex -Mex, yeah, great pass protection, can't get it. Great pizza selection, oh yeah. While they can't help on the field, you can get pretty much everything else you need to watch the game delivered with Uber Eats. So this season, get anything, almost, almost anything for game day by ordering on the Uber Eats app. Uber Eats, official on -demand delivery partner of the NFL. Order now. I'll call in select markets and 21 plus to order. Product availability may vary by region. See app for details. We're also brought to you by The Ringer Podcast Network where I put up a new rewatchables on Monday night. We did the big chill. It was very, very exciting. I have Kyle Brandt coming on Monday's podcast. I'm just gonna tell you the movie now because it is gonna be the best moment of your weekend if you spent two hours watching this classic. We're doing Toy Soldiers. It really brings everything possible to the table. So if you wanna watch it ahead of time, there it is. That podcast is going up Monday night. If you wanna hear stuff about the debate, we have Tara Paul and Mary's podcast, Somebody's Gotta Win. That reacted to it as well as the press box with Brian Curtis and David Shoemaker. So there you go. Our debate coverage has been on point. Also, higher learning. Van and Rachel had Larry Elder on this weekend. It made a lot of noise, man. That podcast is great. I hope you check that out as well. Hope you're checking out theringer .com. And on this podcast, gonna talk about the dame trade at the top. We're gonna bring in Ben Thompson from the Techery newsletter, which he's been on this podcast I think four weeks ago. And he's a huge Bucks fan. He's gonna give the Bucks fan side of things. We're gonna do million dollar picks. And then old friend Seth Meyers talking about a whole bunch of stuff. So really good podcast. It's all next. First, our friends from Pro Jam. What's up? All right, I'm taping this on Thursday afternoon. Normally when there's a big MBA trade, I always do the emergency trade reaction right after the podcast. But we just put up a podcast on Tuesday. So I decided to play it a little differently this time. I wanted a little distance, I wanted to listen to stuff, read stuff, and try to form some big picture opinions coming out of this. So I have four smaller ones, then one big one. First one, I thought Portland did an incredible job with this trade. I really liked this trade, especially everyone was trying to bully them in June and July about, oh, you got to take Miami's offer. You just got to. It's where he wants to go. It's the only offer you're going to get. And guess what? They waited. They played it perfectly. They stared Miami down, and they got a much better deal. First of all, they get the Drew Holiday piece that they can flip into a bunch out of their stuff, which we'll talk about in one second. I love the DeAndre Ayton gamble. As you know, on this podcast, I am a big DeAndre Ayton guy. Not in the sense of I'm the biggest fan of his in the world, but I'm a fan of the asset. I just think I love the valued assets, no matter what it is. Whatever market we're talking about, DeAndre Ayton, 18 and 10 for his career, 60 % field goals percentage, 25 years old. He's played in 45 playoff games. He played four rounds in the 2021 finals. Last year, he got his ass kicked by Jokic. Oh, sorry. Like, that never happens. And Phoenix just sold on him, which I can't wait to talk about. But just from a Portland standpoint, they not only get Ayton in whatever they get for holiday, they get the 29 first, they get the two swaps, and they dump Nurkic. Nurkic hasn't had a healthy start to finish all the way through the playoffs here since 2018, which I'm positive was a long time ago. He's basically 12 and 8. He's, you know, a 50 % shooter. I made a list of the top 30 centers. I encourage you to do this at home, because what's more fun than making lists of NBA centers? I can't imagine anything. I made a list of who I thought were the best assets of the center position for talent, contract, everything. He was 29th on my list. The only person I had ahead of him who's technically a starter, unless you start talking about the Detroit or Charlotte guys, was Zubats on the Clippers. I thought he was the 29th best center asset in the league. And Phoenix, you know, just quickly to go to them, they're trying to win this year. They got worse. They turned Ayton's money into Nurkic and Grayson Allen and Nasir Little. Grayson Allen, we already know with him, he can't play in playoff series. We saw him 22. We saw it last year. I heard and read in some places like that, I got two rotation players. Did they? Is Nurkic a playoff rotation player? Is Grayson Allen a playoff rotation player? Because I'm positive he's not. So for the same money that they were spending on Ayton, they got three guys that I don't think are going to help them. In 25, the money comes down a little bit to 23 million just for Nurkic and Little, which is 7 million less than Ayton. And then in 26, that money goes up to 25 .5. But I don't understand what Phoenix was doing. Why not wait to see if Ayton clicks with Vogel? Vogel has such a good history with centers. He rejuvenated Dwight Howard on the 2020 Lakers. He basically created Roy Hibbert's career in 2013 with the defense verticality thing. I thought he was going to do a good job with Ayton. I'm stunned that they gave up on him. I'm almost waiting for one of those, now they tell us stories when, you know, that's where Brian Curtis calls them, where like a week after something happens, there's this kind of notebook dump where it's like, here's seven terrible DeAndre Ayton stories. So maybe that'll happen. But for Phoenix just to be like, cool, we locked this down, man. We got Nurkic. You're trying to win the title. You have KD and Booker and Beal. And like, what are you guys doing? Anyway, from Portland's standpoint, I love the Ayton thing. I love that they didn't get bullied. And I know they're going to turn Drew Holliday into something. So this to me was at least an A minus for them, for where they were two months ago, where Dave's like, I want to go to Miami. That's it. And if you don't trade me there, that's kind of fucked up. And they made this work as it got reported that, uh, I think in the athletic, that he expanded his list to Brooklyn and to Milwaukee in the last two weeks. And that's what Portland was waiting on. You know, they were banking on the fact that he's a competitive dude. He's one of the best 75 pairs ever. He wanted a situation settled. So, you know, you wait, you wait, you wait, they expand the list and then you go. Uh, there's a Drew Holliday piece to this. That's awesome. He becomes a contender prize. I wouldn't call this a Drew Holliday sweepstakes. I reserved sweepstakes for the superstars, but it's a mini sweepstakes. This is somebody that could have a huge impact on the playoff race. You know, not only the usual suspects, everybody's talking about Boston, ironically, Miami is a really good fit for him. And in some ways, um, I'm a little more scared of them with Miami than Dame in some ways, especially at a much cheaper contract with giving up less and keeping some of their assets. Philly, if they could pull it off, they have to be in there in Golden State, Minnesota. I think I have to mention Sacramento, I think is a team that if they could figure out how to get Drew without giving up their core, which is basically Keegan Murray and Sabonis and Fox, like that's, you know, could Davion Mitchell be in that trade with some, with a salary and some picks, who knows. The team that I love for Drew Holliday is OKC. I have OKC, you know, I started doing my MBA research for the over -under spot and I haven't landed on a number for them yet, but to me, they feel like a high forties team with Chet and with the growth of their young guys. And if you just like, let's say they traded Lou Dort and a bunch of their picks, maybe two firsts and two of their lesser picks or three firsts and a second, whatever it is. And they just say, fuck it. And they get Drew and you put him with Giddy and SGA and Jalen fucking awesome Williams and Chet Holmgren and all these other dudes they have, that might be a top three team in the West. I mean, that, that's starting to give me some early 2010s OKC vibes. So where he goes is going to be important. I just feel like there was so much Drew Holliday slander the last couple of days. You know, he's one of my favorite players. Even Haralabob, who was the chairman of the board of the Drew Holliday fan club for years and would have the benefit dinners there and, you know, just did a lot of yeoman's work on that front. And even he was like, yeah, yeah, Dame's better than Drew. That trade makes sense for Milwaukee. I was hurt, Haralabob. I was 100 % hurt by that. But you know, Drew got his ass kicked by Jimmy Butler in the playoffs last year. I get it. It happens. Jimmy was unbelievable. I feel like he would have kicked anybody's ass. By the way, why is Drew Holliday guarding Jimmy Butler? That speaks more to some of the issues with Milwaukee. He was never supposed to be a point guard and a creator. I think he was always better as an off -the -ball guy. We saw that with Rondo and New Orleans and just in general. I want to see him with a point guard. I want to see him just being unleashed, not having the ball a lot, just worrying about hitting threes, being an occasional, you know, make -shit -happen guy and being like the third or fourth best guy on a team without having the offensive responsibility to have. All their half court issues got blamed on him for the last couple of years. And I get it. They weren't like an awesome half -court team, even the other one in the finals, but I really value that dude. I had him, even I did the trade value list in August and I had him 37th and I had Dame 23rd. I think he's one of the best 30 players in the league still. He's 33 years old, which, you know, I'm going to talk in a second about when guards hit their mid -30s, but just in general, I think he's a real asset. If he goes to a team like the Celtics and they can keep Derek White and Tatum and Brown in the center, it's like, look out, man. So little mini sweepstakes, rarely do we get the trade, but then we still get another asset to talk about. Thank you for everyone involved in the trade. And then the fourth small point is just that, you know, not rocket science, Milwaukee bought some Giannis time here. They have one of the best 20 players of all time. They were staring down the barrel of a situation that was not good. I was talking about it on this podcast in late June and early July. I thought he was going to put them on the clock. I thought Mark Lasry selling his stake was a really bad sign for all of this because that dude is smart. As I laid out in June, that guy is really smart. And if he's feeling like, you know what, it's time for me to sell my buck stock, that makes me nervous. And then all the stuff that Giannis said and did, which I thought he did really fairly and really smartly. And I think that dude's about titles and that's it. And I know we say that about players, but I think in his case, I don't think he cares about, you know, what's my legacy, how do I compare against Dirk DeWhisky, any of that stuff. I just think he wants more rings. I mean, think about the guys who have won two rings out of the best 35 guys on my list of my pyramid. Those are all guys in my top 35 that won multiple wings. You go to the one -ring side, Jerry West, Oscar, Moses, Dirk, Jokic, Giannis, Pettit, Garnett, Kawhi, Rick Barry. That's the list he's on now. I certainly don't think he's looking at that list going, I got to get away from these guys, but it's a slightly different list. I think when you win multiple rings in multiple situations, it elevates you in a certain way. I think he fundamentally understands that at least a little bit. I want to be the best player since LeBron James. I think that's a thing that he wants. How am I going to do that? I need more rings. I need more finals trips. He knew from last year and maybe even the Boston series that they just weren't good enough. Whether this trade is going to be the thing that propels them, we'll find out, but he's been in the league 10 years, two MVPs, five first teams, two second teams, and now we have this little two -year window. Kawhi and the Raptors was a one -year window. This is a two -year window, I feel like. With Giannis, he's got two years left in his deals. So does Lopez. Middleton has two in a player option. Dame's got two, and then this crazy $120 million player option extension thingy that he has that just keeps going and going. It's probably two years. There's a world where this could go terribly this season, at least for what the expectations are, and then maybe it becomes Kawhi, Raptors. Maybe Giannis is like, you know what? That didn't work. Trade me. And the Bucks, who have no picks left and no future, they look at it next summer, and they go, all right. We tried it. Giannis, what can we get for you? Dame, what can we get? And they just do a reboot, rehaul. Remember, they won in 2021, which just takes so much pressure out of this. It's so much different than the Clippers situation, where they went all in on Kawhi and Paul George. They give up all those picks and SGA, and they've gotten nothing out of it. They haven't even made the finals. So it's got to happen. I think they at least probably have to make the finals. If they get bounced in round two, do I think Giannis is going to stay because they made this Dame -Mower trade? Probably not. So that leads to the big question, is how good of a trade was this? So there's a big picture angle on Dame, and it's going to sound negative, but I really don't want it to sound negative because I think Dame, I voted for him for NBA Top 75. I think he's been one of the best guards in the last 15 years. I think there's a ton of great things you can say, and there's a chance that he goes to Milwaukee, and this thing is fucking awesome. I know any Celtic fan I've talked to, including Isaiah, who's helping produce this podcast today, the Giannis -Dame pick and roll is just terrifying. Other than Jokic and Murray, it's going to be the single most unstoppable offensive play in the league. It is. We are conceding that point. The spot Dame is in right now, big picture -wise, it's weird. He's a superstar, but he's not, and we've seen guys like this before. I judge superstars by, do you have the resume statistically, and is your team succeeding consistently at a certain level? You can't totally say that about Dame. He's never been on a 55 -win team. He's missed the playoffs completely four times in 11 years. He said three first -round exits. He made the Final Four once in 2019, which was really lucky because Golden State and Houston were the two best teams, and then they got smoked. He's never been on a true contender ever. Instinctively, you go, well, that's not his fault. Who's he played with? Well, he played with LaMarcus Aldridge and CJ McCollum and a couple other guys, but not really anybody. The reason I'm putting this up is there's a success element that he has not had yet that for somebody with his resume is actually kind of unusual. I went and I looked up how many guards in the history of the league averaged 22 points a game for their career and played at least 700 games. I thought the list would be like 20. I didn't know. I didn't know what I was walking into. Only I think 75 guys have averaged 22 a game. So I went and I looked up the list, and it was 10 guys, 700 games, 22 a game for their career. There were some guys who came close like David Thompson, who I think is one of the best guards I've seen in the last 45 years, but had a short career and had some drug issues. He didn't make it. He didn't play enough games. Pete Maravich, 24 .2 points a game, but he didn't play enough games. Kyrie hasn't played enough games yet. Bradley Beale is five games away. I'm actually kind of glad the cutoff's at 700 so we don't have to talk about him. And then Mitchell and Trey Young aren't there yet. There's only 10 guys that made it, and the 10 guys are all fucking awesome. And again, I mentioned this in the context of Dame, who we think he is versus the success he's had. So the 10 guys, Michael Jordan, 30 .1, Jerry West, 27 .1, Allen Averson, 26 .7, George Gervin, 26 .2, Oscar Robertson, 25 .7, Kobe, 25 .0, Harden, 24 .7, Curry, 24 .6, Wade, 22, barely made it, and Russ, 22 .4, and then Dame is at 25 again. All right, what does he not have that those other guys have? Well, MJ, don't need to talk about him. Don't need to talk about Jerry West, who's the freaking logo. Allen Averson, pretty good comparison, right? Big stats, really memorable player, but not a ton of success. Here's the difference. Averson made the finals once. He won an MVP. Dame has done neither of those things. George Gervin was the best scoring guard of the 70s. He made two final fours. He had some bad luck. He really, in 79, really should have came close. And some of it's on him, right? He could have come through. Bobby Dandridge is the one that ended up coming through for the Bullets. They lose. But two final fours, he had four top five MVP finishes, five first teams, four second teams. He was just unassailably the best guard in the league until MJ. Oscar Robertson, don't need to go through him, but he won a ring and an MVP. Kobe, five rings and an MVP. Eleven first teams for Kobe, by the way. James Harden, three final fours, an MVP, six top five MVP finishes, six first team MBAs. And even though Harden has never made the finals as the best guy, he made it with OKC as the sixth man, you could build a contender around Harden. We saw it. We haven't really seen it with Dame. I think that's a fair thing to bring up. Curry, four rings, two MVPs, you know, the Curry thing. Dwayne Wade, three rings, two top five MVPs, two first teams, three second teams. He's more in the Dame waters a little bit, but he had the 2006 finals and he was the second best guy with LeBron on those heat teams. And then Westbrook, who you would say, well, Dame had a better career than Westbrook. Did he? Westbrook made the finals in 2012. He was second best guy on that team. Almost made the finals in 2016. He won an MVP. He had two first teams and five second teams. It's at least like a real argument. And I think when you look at Dame, he only had that one 2019 round three, got bounced. He's only had one top five MVP finish. He's only had one first team MBA and four second team MBAs. Really, really good top 75 career. But the piece that's missing is, have you been on a really good team? Have you made a real run at it? Which is why, you know, I think this Milwaukee trade is so much fun. This is his real chance. I get nervous about a couple things with this trade. One is that, you know, if you look at the 33 and older guards who average 22 points a game in a season. Jordan did it twice. Curry did it twice. Still going. Kobe did it three times. Jerry West twice. Sam Jones once. Hal Greer once. That's the entire list. Now the NBA is different. We have more three -pointers now. It's easier to score. Scoring is the easiest it's ever been. Guys can play at a longer age. So I'm not ruling out Dane being good for the next three years. But just pointing out, history is saying, be a little nervous. In general with guards, like Chris Paul, we saw from age 35 to 36 to 37, like it just dropped. But that's two years older than Dane. Maybe it's fine. I just worry about guards. We have not a lot of instances with guards in their mid -30s of them either peaking as players or being able to sustain whatever success they had during their prime. It always starts to go down with really no exceptions, except for Steph Curry. He's the only non -exception. So if your case is Dane's as good as Steph Curry, or Dane can be as potent as Steph Curry on a winning team, like, you know, Steph Curry is better than Dane, but I'm not going to argue that he couldn't do a lot of the stuff that Curry did in Golden State. The bigger issue for me, the age I'm definitely worried about. Dane has not been healthy the last couple of years, and we have not seen him play nine straight months at playoff basketball with a big bullseye on his back. Everybody coming after you, you're the best team. We haven't seen him do that ever, much less than the last couple of seasons. So can he stay up? Can he stay healthy? That's one thing. The defense with Dane just got kind of swept under the rug the last couple days, and I don't really understand it because there's five categories of defensive player I feel like. There's excellent, there's good, there's average, there's not so good, and then there's bad. And I think Dane's a bad defender. I think the stats back it up. Like, his defensive rating last year was 245 out of the guards. He's the 245th guard for defensive rating. You know, 117 .4 individual defensive rating is 483 overall. Portland's team's always defensively, it was the Achilles heel for them. Partly because of Dane, because he couldn't guard anybody. He's too small. And, you know, think about what we saw from the playoffs the last couple years. I think about the 2020 bubble Celtics playoffs, not infrequently, because I think that team had a chance to potentially win a title. What happened? Everyone hunted Kemba Walker. It was hunting season. It's like, where is he? Got to get a switch. Got to get Kemba Walker guarding somebody who's bigger, or got to beat him off the dribble, and it just became a hunt session with him. And basically, he got played out of the league. He's not in the league anymore. You know, we had this with Isaiah Thomas, too, in the mid -2010s. I think it's been an issue with Kyrie Irving. The Celtics certainly went at him in the playoff series with Brooklyn a couple years ago. Curry, you saw, who I think is a better defender than people give him credit for, but the And he's a much better defender than Dame is. Jordan Poole is somebody that got hunted in playoff series recently. Chris Paul, obviously, is a big one. Jalen Brunson, remember what the Heat did to him? Mitchell, when he was on Utah, this was a huge issue. And then Trae Young, obviously. My fear with Dame is he's a DH, and I think in Portland, part of the reasons he was able to put up the stats he did was because he wasn't playing defense, right? It was just, how many points can I score? My team isn't very good, and I'm just going to do my thing. He's an incredible offensive player. But how much of a trade -off is the defense, right? Well, you think, all right, well, Milwaukee, they're really good defensively. They'll be able to protect him. Here's the team. Giannis, Dame, Lopez, Portis, Middleton, Conaton, Beauchamp, Crowder. Who's guarding Trae Young on this team? Who's guarding Jason Tatum? Here's a partial list of guys that I don't think this team will be able to guard this season. Devin Booker, Tatum, Butler, Trae Young, Kyrie, Curry. Who's going to be chasing Curry around the screens? Dame lowered? Good luck. SGA, Luca, Mitchell, Murray, Edwards, Brunson, Ja, Garland, Fox, Halburn. Are they going to be able to cover Derek White? I don't know. The way this team is constructed, they are not going to have the ability to guard other guards at all, which means they're just going to have to be in a shooting match with them, right? It's going to be not much different than what's going to happen with Phoenix, where they're just literally going to have to outscore the other team. I've just watched too much playoff basketball over the last couple years, where it's like, if you have that weak link on defense, and you're playing a team that's smart enough, they're going to go after that weak link. Like, think about them against the Lakers, right? The Lakers figure their crunch time. Let's say they make the finals. It's Milwaukee and the Lakers, and Lakers crunch time. They're going to have LeBron and Davis and Austin Reeves and, I don't know, a shooter and a point guard, whatever. All they're going to be doing is trying to find where Dame is on the court and going after him. What about when they play Boston? Boston puts out White and Brogdon and Tatum and Brown and a center, and all they're going to be doing is trying to make sure Dame is covering somebody who has the ball who's now torturing him. I think it's a real problem for them. And what's funny is they gave up Drew's defense and, you know, they, what they gave up on defense, which is significant, and they gained an offense, it might end up just being a wash and they might just be a different version of the same team where they still have a huge flaw. It's just on the other end of the court. I'm just shocked that nobody brought up the defense. I agree he's an amazing offensive player and what's cool about this trade and what I'm excited about as a basketball fan is, can he go up a level? Right? A lot of these stats he put up, especially the last couple years. They didn't mean anything. They were, he was on bad teams. Like, who cares? Ultimately, Bradley Beal scored 30 points a game on the Wizards. Who cares? I think most really good offensive players, if they're on a bad team, can get between 25 and 30 a night. Can you do it nine months in a row? Can you do it when you're getting hunted on defense all over the place? How much can Milwaukee protect him? And what does he have in the tank at age 33 with 900 plus games on the O 'Dominor already? I'm still afraid of the Bucks, but people have, like, FanDuel had them as best odds in basketball and I think most people feel like they're the favorite now. I don't feel like there's a favorite. I think you can go through every team. Boston, I could, I'm scared of Porzingis. What's going to happen with Jalen Brown out there? He has contracts. Can Peyton Pritchard, all these different things. Philly, God only knows. Miami, they're unquestionably worse. Yeah, Milwaukee is going to be really good, but depending where Holiday lands and how this all plays out, I just think it's still wide open. And the other piece, so if you're just talking Boston, Miami, Tatum kills Milwaukee. I have no idea why. Boston is kind of built to at least stay with Dame and, you know, Derek White is about as good of a person you're going to have to try to keep Dame in check, at least. And Boston's done a really good job of guarding Giannis over the years. They don't have Grant Williams this year, but I just don't think, I think there's as many ways this goes wrong as it goes right, I guess would be my final thought on this because for what they gave up, especially with that 29 unprotected and the two swaps and, you know, they are all in on this team. And you know my theory, when you go all in on a team, you better think you can win. Not positive, but it's an awesome trade. It really is. It makes the league so much more fun. Dame and Giannis together. I'm going to enjoy watching Portland. I still have my eating stock. Watching Phoenix fans slowly realize that Derkiszna isn't the answer is going to be fun and then we'll see where Drew Holliday goes. So really fun trade. We're going to talk about it a little bit more with Die Hard Bucks fan, Ben Thompson in one second. Let's take a break.
The Cryptoshow - blockchain, cryptocurrencies, Bitcoin and decentralization simply explained
A highlight from #464 How to determine Bitcoins value? The most important parameters!
"Welcome to The Crypto Show, your podcast for everything around crypto, blockchain, bitcoin, and more. Here is your host, international blockchain expert, serial entrepreneur, and investor, Dr. Julian Hasp. Are there parameters that you could look at that tell you if Bitcoin's value is going up, or sideways, or down, or is the only thing that we can look at price? Hey, welcome to this video. My name is Julian. On my channel, it's all about making you crypto fit. I discuss the beautiful world of decentralization, blockchain, cryptocurrencies, general investing, and much, much more. I try to kind of look at this from different angles. On the one hand, as a CEO of a large group operating in a crypto space. Obviously, as an investor trying to increase my purchase power, as someone who works with various regulators, and so I try to bring every, like a little bit of an aspect to that. If you look into normal investments aside of crypto, then all these investments, as soon as they are liquid, have a price, right? Then you can track this price. It's very, very easy. But Buffett always says, price is what you pay, value is what you get. So the question always is, how can you look at value? And there are different metrics, ideas, what you can look at. In general, we have cash flow in things like stocks, like bonds, like real estate. And what happens normally is you look at how much cash flow is produced, and you look at how valuable is this cash flow. For example, if interest rates are relatively high, that cash flow is not as valuable because it's very easy to get cash flow simply by lending money to the government, for example. If interest rates are relatively low, this cash flow can be very, very interesting. But in general, you look at cash flow. With some other companies, you look at even more, some more fundamental things, right? For example, a Tesla, Tesla key metric is always how many cars are produced. And so obviously the more cars per week, for example, are produced, in general, you can say, well, Tesla becomes more valuable. With Amazon, this was very powerful in 2000 dot -com crash, Amazon price got slaughtered. But at the same time, the revenue numbers went up, the number of customers went up, the number of purchases went up. So it's undeniable that the value of the company went up while the price may have gone down. Well, this is cash flowing, so generally this is a bit easier. But when we think of non -cash flowing things, we could think of commodities, we could think of precious metals like gold, and we can even think of fiat. Yes, fiat is cash flowing, but most of the time that cash flow is inflation. And so it's also interesting to kind of counterbalance that. Sure, interest rate can have a net yield if it's higher than inflation, and some years this is the case, and in some years it's not the case. But we're going to look at all three. And then we're going to look at crypto, we're going to look at Bitcoin, we're going to look at Ethereum, we're going to look at DeFi chain, and we're going to look at some parameters there. So first, let's look at commodities. In commodities, we obviously have a price, there's no cash flow, but a couple of things we can look at is how much is this commodity actually used. So for example, if we look at oil, we can see how many oil -needing cars are out there, how much oil does the industry actually utilize. In general, and this is key here, this generally means that this commodity, or be it a rare earth or something, is used, so it cannot be put back into its original form. Now obviously this is important here when we talk about usage. Now with gold, precious metals is a bit different, because in general gold cannot be used up. It can be used, but it cannot be used up, because it's an element, and destroying an element is not really possible. Now you can transform it, but with gold this is very very uncommon. But we can look for example, how much gold is used for industrial use, we can look at how much gold is used for jewelry. Now in theory this can be undone, but industrial use of jewelry in general is not a price speculation. So this would be a very very clear utilization, and these are kind of parameters that we could look at. So the more the Indians or the Chinese are buying gold for jewelry, in general we can say the price can be very well supported by something else other than price speculation. Or if more iPhones are being built and they need gold, then well this also drives obviously gold usage. What about fiat though? Is fiat only kind of used for a price? Is the US dollar the only thing you can look at is relation to other currencies? No. The actual use of a currency is that of a unit of account. That's the prime and number one kind of metric. How much is the dollar used as a unit of account? And we have a very good metric for that, and that is GDP. The bigger, the stronger the GDP in general, the stronger the currency. The number one GDP in the world, US dollar, that is why it's the global currency. And other currencies obviously go up there as well, but in general this is the number one utility measure for all these things. So you do have very clear utility numbers for all these things. And then we have crypto. And in crypto, the number one metrics that we always see from people out there are price metrics. People look at charts, they look at moving averages, they have the $200 moving average, they have a 20, a 50, a 200 week moving average. They tell you that the price has never crossed those things. But to be honest, these are absolutely terrible to me, these are not really good parameters. They are just there because we are actually really struggling to find good parameters in the crypto space. And you will see this. Now I have separated the parameters into three different types, into those that are really terrible, those that are okay, and then the gold standards. Now the gold standards measure the actual utilization, and this is always the key, and you will see this. So let's dive in with this. And maybe before I do this, let me know what you think is the key metric to look at when we look at Bitcoin. What is the key parameter? What's the key measurement? How would you measure those things? So let's take a look here. Now I have four really, really bad ones. The first one, anything that can actually be easily gained by bots or by a cyber attack. And actually, Satoshi knew that, and that is why we actually needed mining because he knew that it was impossible to somehow measure those things. For example, anything transaction -based because transactions are actually relatively cheap to make. So you can do a lot, a lot of transactions, and it doesn't really tell you anything. Also, the value that's being sent is a horrible metric because I could send a billion left, a billion right, a billion left, a billion right, and it doesn't tell you anything. Daily active addresses, also very difficult metric to use. Otherwise, Satoshi would have used these kind of things and would have said, look, instead of burning useless electricity, you have to make a thousand transactions, so the more transactions you make, the higher your chance that you're going to find the next block. None of that is the case. So he knew that. Why? Because burning electricity is just really clear, but actually doing those transactions is not clear because it can be bots, it can be easily gained. Now, some people mistakenly think that the hashrate tells you a lot about as a metric. And this is just LOL, I'm sorry. Hashrate is a consequence of the Bitcoin price, not the other way around. Now, I get it. To a certain extent, you need some hashrate, right? Because if you have zero, then this network is not stable. But after a certain limit, it doesn't really matter as much anymore if the hashrate doubles, for example, right? Like at the moment, the network doesn't become more stable just because the hashrate doubles, or even if it halves, it's not half as strong. This is ridiculous, right? It's so, so, so difficult already to attack it. And at the end, hashrate is purely a service provider that the network pays. So the bigger the budget, the more hashrate there is. And obviously, it's hashrate times hashprice. So the hashprice has been going down. So that's why the hashrate keeps going up all the time, even though the budget actually keeps going down slightly just because hashrate is actually going up. So the key metric is not necessarily hashrate. So it would actually be the hashprice. That's the key thing. And it's absolutely useless to look at that because that's just a consequence of the price. So looking at hashrate is just a trailing parameter from price doesn't really help much. Again, looking at price itself is just self -reinforcing. Just think about use price as a metric. Then if it goes down, that means value is going down. That means you should sell, which would make the price go down even further. So absolutely useless. And then there's a lot of those blah, blah statements, right? That are absolutely not measurable. And people love having this like, oh, we need to measure decentralization or the best thing is decentralization or freedom or it's the best thing ever. But there's no metric. There's nothing you can measure. And so at the end, this is just people kind of bypassing that they don't really have a parameter to kind of measure. So these are the really terrible ones. When you see people kind of talking about those, it's either they have no clue, they haven't thought this through, or they just don't have anything. And it's a combination of all three of all those. OK, so let's look at the OK ones. Now, there's a couple of OK ones and they're not really good, but I think they are usable.
The Eric Metaxas Show
A highlight from Michael and Thomas Pack
"Welcome to The Eric Mataxas Show. Have you heard that some people have a nose for news? Well, Eric has a nose for everything. That's why this is called The Show About Everything. Now welcome your host, who definitely passes the smell test, Eric Mataxas. Hey there, folks. Welcome to the show. It's The Eric Mataxas Show. I play the role of Eric Mataxas. In this show, which is nonfiction, I interview people, usually on subjects that are close to my heart or that I think are important. Today I'm talking to filmmaker Michael Pack, who's been on this show before, who is responsible for a brilliant documentary called Created Equal, Clarence Thomas in his own words, and other things, and also Michael's son, Thomas Pack. We are going to talk about something that is as close to my heart as anything could be. It's the idea of bringing, let's call them conservative values, although that's just a fancy way of saying truth and reality, into media. It is crucial. People of faith, people of Christian values have dropped the ball on this for, I don't know, about 100 years roughly. So whenever somebody is getting into this game, I want to do everything I can to get to know them and to bring them to you, the audience of this program. So Michael Pack and Thomas Pack, welcome and thank you for being with us today. Thank you for having us on, Eric. It's a pleasure to be back on your show. Well, as you know, Michael, I am hot to trot on the subject of what I just mentioned. Now, you just wrote an article at Real Clear Politics. I want to talk to you about that because you sort of summarize what I was just getting at or you explicate what I was just summarizing. Talk a little bit about that and you can mention upfront as well what Thomas is doing. So lead us into the conversation. Well, you're right. The Real Clear piece, which is a bit long, so I guess I explicate rather than summarize, but it tries to lay out what's happened in the culture war over the last at least 50 years, maybe you're right, closer to 100. And what we can do about it. I mean, the fact is, as everyone knows, the progressive left dominates the culture. And they have at least since the 60s where they announced a long march for the institutions and they said they were going to work to take over first the university and then other cultural institutions, and they have succeeded. But I say, Eric, that it is to their credit. This is a battle of ideas. And especially in the area of film and television, they're fighting for the ideas they believe in. You are quite right that we on our side have failed. They're to be commended for succeeding. They're fighting for what they believe in. I agree with you that what they believe in isn't right. So that's a negative, but they're commended for fighting for it. And over those years, they've built up institutions that supported and defended and make it possible. So I lay that out in the real clear piece, which people can also find on my on my Twitter page, Michael Pack underscore. But so I try to give how so over 50 years, the left has poured tens of billions of dollars into this process, and it is their right to do so. And we ought to say that they have allied themselves with a very powerful ally in the form of Satan. We don't need to we don't need to get more specific than that. But people need to understand that, you know, you're very gracious by saying, oh, they're fighting for their ideas. Their ideas are harmful to human beings, not to conservatives, not to people of faith, to human beings in general. And so you're right that they believe in these ideas. But I just have to say, speaking to you as a Jew, you know, Hitler believed in his ideas. So because somebody believes in their ideas, they get, oh, well, they've got their ideas. We have our ideas. I agree with you 100 percent. I know. No, of course, I know you do. And you're being gracious. So go ahead. But but the but but that's right. I mean, one way of looking at their ideas is they have a negative view of America just taking that one slice of it. And we have a positive, upbeat view of America. I mean, we we are documentary producers, and I think this is this left takeover of culture is both in drama, fiction and nonfiction and in the nonfiction realm. It's clear as a bell. The 1619 Project, which began in print, was now a multi -part Emmy nominated Netflix series. And and on like that is America based on racism and the defense of slavery, or is it based on the principles of the Enlightenment? Jefferson laid out in the Declaration of Independence and it matters for the country and the world which side you're on. So I agree with you. But their ideas are wrong. But given that they're wrong, they're right to fight for them. So we need to fight for ours. But but we have we have the model of what they have done and we need to just do it, too. It is not that hard. It's not that complicated. It was not a conspiracy on the part of the left. They announced they were going to do it. It's their right to do it. And they did it. I mean, I mean, even in America, communists, for example, have every right to promulgate their views, which I think is appropriate, given the First Amendment. It doesn't make their views right, but it does give them the right to promulgate them. And it's well, think of the irony, though, that the left is increasingly I mean, just to be fair, that it is because of biblical values, it is because of the values of the founders of this nation, that people on the left. On the wrong side, have the right, which we have given them to promulgate their views, it is why Nazis could march through Skokie, Illinois. It is right, so we believe in free speech. We believe in this kind of stuff. But the irony is that we're now living in a time where we're seeing the left having gained power, use it to squelch and censor voices with whom they disagree. So in other words, they were willing to ride the train of free speech as long as it helped them. And then now that they've gained the upper hand culturally and in other ways, they're suddenly deciding, you know what, free speech was nice. It was nice for a while. But now we don't want those conservatives to have a voice. So there's an irony here, which ought to be mentioned. There is. They're now the enemies of free speech. And in part, it's because, as you say, it's no longer convenient. But in part, it's because of the radicalization of liberalism, the sort of left liberal part of the Democratic Party. I mean, it used to be since the 60s, the new left has been an enemy of free speech. Herbert Mercuza and company never believed in free speech. But that was a minority view on the left. And now, as you say, it's increasingly popular under other rubrics like stopping disinformation and misinformation. And it is. Do they get that from Stalin? I'm always trying to trace these ideas back. I believe it was the Moscow School of Stalin. In any event, I think, you know, legally, you know, Karl Marx did not believe in human rights and individual rights. And he his whole worldview is opposed to that. If you believe in historical determinism and you know which way the world is going, why encourage freedom of speech? So both left and right, Hegelianism, Marx being left Hegelianism, was not really in favor of these kinds of freedoms, these Enlightenment freedoms. And in a sense, they were a reaction against it. I'm not an expert on this, though. Eric, you're going to get into topics too deep for me pretty soon. Well, obviously, we're not here really to talk about this exactly, but it's worth touching on. Well, look, the good news, the headline to me is that you and Thomas, whom we will let get a word in edgewise momentarily, are creating award winning, fabulous documentary films and trying to encourage others to do the same. It's it really is a wonderful thing, as you and I have discussed. I'm getting involved in that a number of media projects and yours have been done with such extraordinary excellence that, you know, even those on the left have had begrudgingly to honor you when we come back. I want to get into everything and I want to ask you, Thomas, about this kind of conservative incubator film project that that you're putting together. Folks, it's the Eric Metaxas show, ericmetaxas .com. Don't go away. Folks, have I told you about Moink? M -O -I -N -K. That's moo plus oink. I get all our meat and our salmon from them. M -O -I -N -K. Moink delivers grass fed and grass finished beef and lamb, pastured pork and chicken, sustainable wild caught salmon straight to your door.
Animal Radio
A highlight from 1243. Should You Trust Pet DNA Tests?
"Celebrating the connection with our pets, this is Animal Radio featuring your dream team, veterinarian Dr. Debbie White and groomer, Joey Vellani. And here are your hosts, Hal Abrams and Judy Francis. Do you know what kind of pet you have? Well, certainly if it's a cat or dog, you probably know the difference. But do you know what kind of breed? Is it a mutt? What is making up the DNA of your dog or your cat? And do you care? A lot of people do. There's about 10 different tests on the market right now where you can send in saliva or cheek spittle, I guess? Yeah, cheek swab. It's actually the epithelial. So it's the cells that you're getting off the cheek, not necessarily the spit. Epithelial? Is that what you said there? I learned so much from you. And they'll tell you if it's what kind of breed it is or if it's made up of several different breeds. You did this, Judy. I think your results came back like lion and elephant. They weren't even dogs. It was so bizarre. She's full grown now. She weighs nine pounds. And it came back all these St. Bernard's, German Shepherds, Belgian Malinois. I thought, really? So that was a cheek swab. And then when I did the blood... Oh, you did a blood test too? I did a blood. It came back Jack Russell, miniature pincher and Maltese. And are you going with that? Oh, definitely. She's definitely Jack Russell. It came out 50 % Jack Russell. And that's what she is. Now, why did you want to know this information? Well, first of all, I didn't want a Jack Russell because I did my research and I know how hyper they are. And I'm not that hyper person. I want a more laid back dog. And so I did my research and got her from a rescue when she was eight weeks old. They said she was a Chihuahua, but there was no Chihuahua in this girl. And I questioned that as she got a little bit older. And I thought, okay, I got to find out. And I wanted to know what she was because people ask, people look at her, and everybody had their guesses. And it's like, I don't know. And I wanted to know what my dog was. But would it be safe to say you didn't want a Jack Russell, but you love your dog? Oh, I would not trade her for the world. I'll keep that little 50 % Jack. So the blood test really made little difference in anything, really, except telling people. Just what it was. It was kind of like bragging rights to know what my dog is and be able to say when people ask. That's basically why I did it. But then again, still, at least I know if there's anything I should look at, you know, with the breeds that she may be predisposed to down the line. You mean like a sickness or a disease? Health? Yeah. If she starts doing something or something happens and I can say, well, that's typical of this breed. So what kind of diseases and sicknesses are typical of, what did you say? Was it Jack Russell? Jack Russell, 50%. And a Min Pin? Well, we can see a lot of things with knees, so we can see patellar luxations. She's had two knee surgeries, two back legs. But that also fits with a lot of other small breeds. But, you know, there can be some host of skin diseases, allergies that we may not have like a specific test for. You know, but there are some conditions in some breeds, like say golden retrievers have a genetic linked with seizures. So if you had a yellow large breed dog and you didn't know what it was and it started developing seizures. And if I knew this dog was a golden retriever, I'd say, wow, you know, sometimes golden retrievers can be very challenging to manage with seizures. And we really have to use every means at our disposal to try to get those seizures under control. So it wouldn't change necessarily, you know, would I treat or not treat, but it might make us say, okay, our expectations are this is going to be a more challenging patient to try to manage. So that's one example. But there's a whole tons of things, you know, cataracts are inherited, heart diseases with certain breeds can be inherited, and kidney problems with cats. There's a type of polycystic kidney disease, a kidney disease in Himalayans and Persian type cats that can cause different problems. So, you know, there's all sorts of things that there are genetic tests for. It doesn't mean your dog or cat will get them. It just may mean they have some genetic tendency or genetic marker for that. So I see these online tests and but you do it in your office there? Do veterinarians offer these tests? Yeah, I mean, not everyone is going to do that. But we we do like that. And it's one is it's kind of the ooh, cool factor, you know, so you can, you know, have a party and people will ask and you can actually have some answer that sounds, you know, like you didn't just make this up. That's one important thing. But I do think it can help guide some decisions on awareness and potentially your pet's health down the road. So I wouldn't say it will make me do something different for a patient as far as putting them to sleep. But I do think it's important information to be armed with to know what you need to worry about to watch for in your pet's life. I agree. And if you can't afford it and somebody asks what kind of dog you have, say snuffle up against it really will throw the middle. It'll be different. So we're going to talk to a lady today, a doctor, Dr. Lisa Moses. She practices pain and palliative care at the Angel Animal Medical Center in Boston. And she says you may not want to bet the farm when you do one of these tests, as sometimes the information may not be accurate. And I wanted to find out about this. How important is it? Are people making decisions with bad information? So we'll have her on the show in just a few minutes to talk about that. Also today, we're going to be talking to the folks over at Smoke Alarm Monitoring. What's this guy's name? It's spelled really weird. Z -S -O -L -T. Zolt. Is that Hungarian? What is that? Sounds like it could be. He says our pets are starting fires. He sells smoke alarms for a living. And he says that our pets are actually, while they're unattended, starting fires in our house. See, I hide the matches. You do? Little delinquents. Oh my goodness. Yes. What do you expect? But first, your calls toll free from the free animal radio app for iPhone and Android. Let's go to Gary. Hey, Gary. How are you? I'm very good, sir. How are you? Very good. Where are you calling from today? You have kind of that southern twang. North Carolina. North Carolina. How is North Carolina today? It's kind of warm. It's not unbearably hot, but it's a warm day. What's going on with the animals? I have the whole team here for you. Okay. Well, I've been listening to your program lately over the last several weeks and was interested in the discussion that I've heard about yeast infections, skin conditions, and the treatments. And then also, there was also somewhat of a separate discussion about the use of human products on animals and how effective they can be, or harmful, or whatever the case may be. And I wanted to tell you about my little guy. I'll give you a little background on him, a little of the tale of the tape. He's approximately eight years old, as far as we know. He's a Yorkie mix, he's a small guy, just a shade under eight pounds, and I found him abandoned out in the country. And he was in pretty bad shape. He was missing hair and had a lot of parasites and skin infections, yeast, and all that. And we've been battling it for nearly three years now, but he's made much improvement, just great improvement. I kind of took it upon myself to use a product that's designed for human females, actually, who might have that kind of affliction, and rubbed it liberally on the elephant skin areas of my dog. And after doing that for three or four days in a row, it really seemed to help clear it up. What do you think of that, Doc? Well, we have to be precise when we talk about different products, because there's some products that actually can have harmful ingredients in them, and some won't hurt, and actually have active ingredients that might be appropriate. So I'm going to back up, because when we talk about elephant skin, and kind of that thickened skin, like for anybody who's not seen this in dogs, it typically is when their skin gets real thick, leathery, they lose the hair in the area, and it actually, from a distance, looks like elephant skin. And that's a combination of what we call hyperpigmentation, so the skin turns dark, and lichenification, which is where the skin becomes thick, and there's extra layers, if you will, that kind of are put on top of the skin. Those things happen from a couple possibilities, and we can see it with allergies, but really with things like yeast and bacterial infections. So it sounds like you're certainly barking up the right tree there, but the cautions I have with some of the female yeast products that are used for vaginal yeast infections, there are some that actually contain anesthetics. A vagus cell, for example, contains an ingredient called benzocaine. And this can be highly - Well, that's actually what I used. I used the generic, but yeah, you're on the right tree there. Okay. Yeah, so actually, benzocaine can cause toxicities in both dogs and cats. So just licking it off their skin, it can actually be toxic to the red blood cells, causes what we call hemoglobinemia. So if it contains that ingredient, I would say, put it back on the shelf and save it for your wife in the household. But there are certainly, say, athlete's foot creams that contain chlorotrimazole, which is an antifungal. In that, we've used that on surface yeast infections. But the reality is, if we've got that kind of change in the skin, most of those pets actually need kind of a two -pronged approach. So the topicals only get you so far, and they really need to be on some kind of oral or systemic therapy. So most of the pets that I have with that kind of skin can take a course of maybe three months to get them improved, controlling the itch, controlling the infection. If they've got yeast or bacteria, then we put them on either an antibiotic or an oral yeast form, like ketoconazole, per se.
Bloomberg Radio New York - Recording Feed
Monitor Show 16:00 09-28-2023 16:00
"Do you need a voice, video, and messaging app with capabilities that grow with your business? Vonage does that. Get a single app for all your meetings and communications, and the flexibility to add new users with their existing phone numbers. You can even add local phone numbers from different markets, integrate with leading CRMs, set up a virtual assistant, and access up to 50 premium calling features globally. It's everything you need to handle your business communications today and tomorrow. See what else Vonage can do for you at vonage .com. Love is a strong word. All right, guys, let's walk us walk through the numbers here on this Thursday afternoon. Higher across the board for all of the major indices here in the U .S., the Dow Jones Industrial Average up by more than 100 points back around that 33 -600 level, about a three -tenths of a percent gain on the day. The S &P 500 just a smidge below 4300, higher by about six -tenths of a percent. The Nasdaq Composite higher by eight -tenths of a percent, and the Russell 2000 posting a similar move higher, about nine -tenths of a percent on the day. Yeah, it was kind of like a civil kind of day. I feel like we trade like that, right? It's like multiple different trend lines in a day, if you will. But in terms of the equity markets, what really caught my attention was what went on with the SOX, the Philadelphia Stock Exchange Semiconductor Index, 2930 names higher in today's session. The index up 1 .8 percent. Micron obviously a bit of a bummer, and that was the only name that was down on the day on that forecast for worse than expected loss. But man, Katie, that was definitely a group that was a standout in today's session. Yeah, really interesting to see the rest of the industry rip on a day where Micron obviously did the opposite of that. You take a look at some of the industry groups. You also had autos having a good day, up 2 .4 percent, and then semis, as we were just talking about, up 1 .7 percent. Those were your biggest gainers. You go down the list, there were a few names in the red, not too many, but down there at the bottom you can see utilities once again in the red.
Mike Gallagher Podcast
Donald Trump Won the Second GOP Debate Without Even Being There
"A reason that most listeners voted for Benny Hill as the appropriate theme song for last night's debate, and it was bad. If you didn't watch it, you didn't miss anything. You really didn't. You want to hear a taste of it? You want to see a little bit of it? You want to get a check out? Let's just pull, oh, I don't know, kind of a random 46 -second clip from last night's debate at the Ronald Reagan Presidential Library and Museum in California. You will give me three times the deduction in income tax, then I will look at your gas tax, which is why it didn't happen. Exactly, Russ. Secondly, on the $50 million— Here is a nice part. Secondly, on the homework 10 because Obama bought those curtains. Did you send them back? It's in the press. Did you send them back? It's the State Department. Did you send them back? You're the one that works in Congress. That wasn't my question. You get it done. You hung them on your curtains. They were there before I even showed up at the residence. You are scrapping. Here's a fact. Here's a fact, though. You wanted a gas tax increase, and then you wanted a state government. We have not begun to go ahead like this. In fact, we're about to take a commercial break. Yep, that's your debate. Uh -huh. Yeah, tell me some more about the productive process that we're witnessing. My gosh. Somebody else has texted, maybe the best theme would be Mission Impossible. Well, yeah, that's what those seven candidates are facing right now, an impossible task of trying to upend President Donald J. Trump.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | SEC Chair Faces Harsh Questions as Ether Spot ETF Proposals Hit Delays
"This episode of Markets Daily is sponsored by Kraken. It's Thursday, September 28th, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Crypto's Macro Noun newsletter on Substack. On today's show, we're talking about Ether ETFs, SEC confusion, and more. So you don't miss an episode. Be sure to follow the podcast on your platform of choice. And just a reminder, CoinDesk is a news source and does not provide investment advice. Now, a markets roundup. Well, Bitcoin has been busy over the past 24 hours. After that nice run -up yesterday that I thought was a sign of strong investor support, the Bitcoin price rapidly fell back down again. It has been climbing since, however. At 10 a .m. Eastern time, it was more or less flat, trading at $26 ,532. Depending on what happens over the next couple of days, Bitcoin could break the trend of negative performance in September. The ninth month is typically a weak one for crypto's leading asset, delivering negative returns over the past six Septembers. Bitcoin's average performance for the month is almost negative 5%. As of this morning, however, the asset price is up more than 2 % month to date. That kind of a break in the trend would be welcome news. In Ether, interesting things are happening. Like Bitcoin, it climbed yesterday and then fell back, only to start climbing again, but with a more consistent slope, suggesting a steadier over the past 24 hours. Relative to Bitcoin, Ether has notably outperformed over the past week, climbing two tenths of a percent versus Bitcoin's drop of 2 .3%. This could be due to the likely listing next week of the first Ether futures ETFs, which could boost demand and market volume. I'll talk more about this in a moment. In traditional markets, US stocks closed more less flat yesterday, rising in the second half to recover early losses. Over the past 10 days, the S &P 500 is down more than 4 .3%, the steepest 10 -day drop since March. You may remember that March was banking stress month. Investors are rattled by the surge in 10 -year Treasury yields, which yesterday rose above 4 .6 % for the first time since October 2007. The rising rates are investors for three main reasons. One, there's the patterns last seen just before the great financial crisis of 2007 -2008. Two, there's also the impact on company earnings. An article in the Financial Times this morning pointed out that interest expenses for the S &P 600 small cap index hit a record high in the latest batch of second quarter earnings. And 30 % of companies in the S &P 500 are now trading at a higher rate. Reason three, there's the message the market is sending. This is that it expects rates to remain higher for longer. This is likely to keep the dollar strong and inflict more pain on global markets. In Europe, stock indices have been taking a breather from their recent drops, with most showing moderate gains so far today. Over the past month, however, the Euro Stoxx 50, which tracks Eurozone blue chips, is down over 4 .3%. An index of Eurozone economic sentiment released this morning showed a fifth consecutive monthly drop in September. Inflation expectations rose. In commodities, oil prices continued their climb in the face of fears of supply shortages. The Brent crude benchmark rose above $96 per barrel for the first time this year this morning and is now almost 6 .5 % above its level a year ago. However, the market is signalling that this could abate soon. The prices of futures contracts six months out is lower. This suggests a scramble for spot delivery. In other words, oil now and not later. This has been most likely triggered by reports of reserve drawdowns in the US and the need in many areas to build up stocks as winter approaches. Moving over to gold, after a brief attempt at a recovery earlier today, gold slumped back to its support at $1 ,874 per ounce. Like Bitcoin, gold is holding up surprisingly well given the strength of the dollar and of real yields, which are yields adjusted for inflation. Gold normally moves inversely to real yields. When these are high, gold is less attractive as it doesn't produce an income. As measured by the 10 -year Treasury inflation -protected securities, real yields are at their highest since 2009. The last time they were at these levels, gold was roughly half the price it is today. One key macro data point to watch out for is the US Personal Consumption Expenditures Index, or the PCE. This is the Federal Reserve's preferred inflation gauge as it measures goods and services bought by all US households and non -profits, while the CPI only measures purchases by urban households. Tomorrow morning Eastern Time, we get the latest data for August expected to show an uptick. This will largely be due to higher energy prices. Stripping out higher energy and food prices gives us the core PCE index growth, which is what the Fed focuses on. This is forecast to show a continued downtrend. Remember, though, that August's core CPI grew by slightly more month -on -month than expected, so there may be a negative surprise tomorrow as well. This will be relevant for interest rate expectations. Stubborn inflation means that rates will remain, and you've heard this before, higher for longer. Stay tuned, after the break we'll take a look at more SEC frustration and at the likely listing of Ether futures ETFs.
Andrew's Podcast on: 50 WAYS TO SUCCEED AT WORK
"50" Discussed on Andrew's Podcast on: 50 WAYS TO SUCCEED AT WORK
"Welcome to 50 Ways to Succeed at Work, where you hear stuff about ways to succeed. Even the most well -intentioned colleagues, advisors, careers officers and HR departments may never get around to mentioning. This episode's called Ask Away. Be sure to ask enough questions and avoid the worst mistakes. When it comes to asking powerful questions, let's start with that pioneer of modern nursing, Florence Nightingale. She showed how just one question could bring about significant change. Nightingale lived and breathed mathematical practice. Statistics drove her actions, and in the 1850s she was sent out to Crimea, where a long and nasty war was in progress. She set about collecting her beloved numerical data. She counted the number of soldiers killed, injured or diseased. She was relentlessly systematic, much like biologists who collect specimens of butterflies and fossils on field trips. When Nightingale returned to London in 1856, her mission was to reach the people who could put her reforms into practice. MPs, government officials and army officers. Few of them had any statistical or scientific training. So Nightingale posed to them her powerful and memorable question. She asked, what do you think causes the most injuries to your soldiers at war? Naturally, they assumed it was from different forms of enemy fire. Using statistics and a clever circular graphic, Nightingale showed convincingly that the worst damage came from infections, poor healthcare and the need to invest in proper medical support. Her questions and statistics worked and led to pioneering changes in how frontline battle staff were treated. It created a revolution in nursing care. Now let's think how this story can connect with your job and you asking questions at work. In my research I've learnt that people have three significant concerns about asking questions at work. The first one is, what are the right questions to ask at work? The second one is, what questions should I ask on my first day at work? And thirdly, what questions should I ask my co -workers? So let's start with the right questions for you to ask at work. There are no stupid questions, no right or wrong ones, only more or less relevant ones. The first issue you might ask concerns your personal growth and development. For example, you might ask your new boss, supervisor or team leader. What projects can I work on to be more involved? Or, can you help me create a personal development plan? Another question you could ask concerns communication. Are there any aspects of our communication here that are not working? Then there are specific challenges, roadblocks and concerns you might uncover, such as asking your senior colleague, What things make your job harder than it should be? How could I make a significant contribution? Who do I need to meet to help make a difference here? You'll also want to ask for feedback on your performance. How am I dealing and how can I improve? When can we meet to discuss this? And then there's company culture and your motivation. How can you help to make me more satisfied at work? What matters in how we work here? What must I absolutely not do here? And lastly you could ask, How could I support you, my manager? What can I do to make your job easier? Now the second question people have when starting work, or with limited work experience is, What should I ask on my very first day at work? You can probably think of scores of things to ask about, especially on your first day or week. But how about some of these? Or see your expectations for my work in the first 90 days? When will I have evaluations and informal check -ins? How can I share my ideas? Can you tell me about the organisation's vision? Is there a company vision statement or a set of core values? What are my main objectives for my first week? And who do I report to? What are my essential daily tasks? And don't miss this one. How do you measure success around here? The metrics. How often do you want me to give you updates? What are the expected work hours around here? Finally, the third concern that I uncovered in my research is, What questions should I ask my co -workers? Your new colleagues may be busy, but most will gladly pause to answer your questions. Just make sure that you do your questioning when they're less busy, or fix a time when you can meet and talk. Your questions to co -workers might include, What do I need to know about the organisation's culture? Can I assist you with anything? What's the organisation's biggest challenge? What do you like best about working here? What should I be reading about my role and the industry? Can I join you for lunch? How does team building happen around here? Naturally, you have to be selective about which questions to ask. But these give you a broad picture of the sort you could ask in the early days of your job. Finally, never forget that one of the most typical failings of people starting a new job, is not asking enough questions, rather than too many. So what action am I proposing that you can take right away? Well, be willing to ask for help. It's not a sign of weakness, so ask away. Prepare your questions so people can more easily offer relevant help, and finally ask your questions when people are likely to be free and relaxed to spend time with you. And the takeaway from all of this? Asking for help is a simple, yet profound, unpredictable way to get what you want at work and in life. Failure to ask questions is all too common for people starting a new job, so be sure not to fall into that trap. Happy questioning. You've been listening to an episode of Andrew's 50 Ways to Succeed at Work. For more episodes, subscribe free to my regular weekly podcasts. You can catch up on past ones of the 50ways .site, where you can also become a Foundation member with access to e -learning units, transcripts, further reading links, and the forum, where you can ask questions, share problems, and join a growing community of people who seriously want to succeed at work. Now there's a new book and an audio version called, you guessed it, 50 Ways to Succeed at Work. Buy it at Amazon or the 50ways .site. Unmissable. Thanks for listening, and bye for now until next week.
Fallen Short Podcast
"50" Discussed on Fallen Short Podcast
"I think we'll talk about this a little later on you know when think about being filled with the holy spirit and and what that means and that's you know it means a lot of different things. It's not just like the speaking in tongues part effusions for verse five reads. There's one lord one faith. One baptism god and father of all who is overall in a living through however he has given each one of us a special gift through the generosity of christ that is why the scriptures say when he ascended into the highest he led crowds of captives and gave gifts to his people. So that's kind of just reiterating. What we just read out acts one that when when jesus christ died for us. He ascended on high. He gave the crowd of people gifts he gave him the holy spirit and then in verse eleven. It goes on to read now. These are the gifts christ gifts to the church. He gives the postles the prophets the evangelists and pastors and the teachers. So that's talking about the fivefold ministry that's talking about the five more evident gifts that we see in the church right. I twelve says their responsibility is to equip god's people to do his work and build up the church the body of christ and again. Those are the gifts that chris gave to the church. And we're again. We're not all going to be called to be apostles and prophets and evangelists and pastors and teachers. Were not all going to be called the do that. We're not all called to be a part of the you know. The churches like the entity of being a part of the church. a however. you could argue that we are still called to be a part of the church in not the physical sense but the church family and still called to be. Some of us are called to be evangelist. Even though it's not like the way that you think of an evangelist right you and your everyday life sharing sharing technically right right evangelize. Last i think we get people read that and get wrapped up the terminology like billy graham right just an extreme example of that right we read these passages and we evaluate you know what it means and we have to really think about it and not just take it for face value necessarily because in our society the way that some of these terms have been thrown around. They get this. I don't wanna say stigma but they get this this definition around them that it's like well i i can't be that when you really can right..
Fallen Short Podcast
"50" Discussed on Fallen Short Podcast
"First corinthians six nineteen says. Don't you realize that your body is the temple of the holy spirit who lives in new and was given to you by god. You did not belong to yourself for god. Bought you with a high price. See must honor god with your body so the last couple episodes we've been talking about purpose. Two episodes ago it was. We were talking about god. Created you on purpose and kind of setting some groundwork of what we're going to be continuing to talk about. Last time we talked about how how. Jesus redeemed you for a purpose and now on this episode we are talking about how the holy spirit fills you with a purpose. Seventy having listened to the previous episodes. Please go back and do so. Hopefully they'll be a blessing to you but we just want to continue with what we've been talking about. The past two episodes and thaddeus were that scripture that our body is a temple of the holy spirit in acts where tax about how jesus was around for forty days after he conquered the grave and he appeared to the postles and all of that talks about that but what attacks vote in. There is how john baptized with water in john even baptized jesus. But it says that in verse five of x one. It says john baptized with water. But in just a few days you'll be baptized with the holy spirit. And of course the apostles were kind of like well. What does this mean aren't you. Aren't you here to fulfill all these other things like become our king and restore israel. And they're you know. Because they had a lot of preconceived notions of what it meant to have jesus as there savior. And jesus as king. But jesus said to them. The father loan has authority authority to set the dates and the times but they are not free to know and then verse eight says but you'll receive power when the holy spirit comes upon you and you'll be my witnesses telling people about me everywhere in jerusalem throughout judea and samaria and to the ends of the earth. I love that scripture where it talks about how you'll receive power when the holy spirit comes upon.
Hot 50 Countdown
"50" Discussed on Hot 50 Countdown
"Occur? I'm not sure. I didn't talk to the please, okay? And you say, so, you know, for sure that show me, okay? And you don't know when it occurred, but it occurred at Bay Beach. Yes. Okay. All right, and you're calling from bertos gas station and you don't have a cell phone. I do not have a phone, okay, moving up. The chart in the top ten from the 13th to the number six spot is Necronomicon by everybody. Let's drink some beer and explore the stories behind some long histories. Most ruthless serial, killers, conspiracy theories alien abductions, Colts. Yes. Sounds like a good time to me. Hanging in number five. Again, this month is Cramer. It's just uncensored with Steve and chest. What was confusing to me? Where I would have respected her more. If she was just like, I respect where you are. I totally get it. Not necessarily something I'm into right now, but, like home. To be friends and meet up in the future. That would have been way better than like this petty shit. Honestly my my response ready this was actually a few minutes keep in mind I'm tired and it's it's 1:15. This is prime nap time at this point, right? Yeah. Not the time to mess with me. What? Between one and three, don't mess with me. I'm a beast. You don't want me. You're a woman. Yeah, I said, wow. Okay? As I said, I don't like, is it? Oh really. And she gave totally opposite. I think that's a a tad presumptuous and immature we haven't even hung out said I'm aware, but that's fine. I'll be presumptuous. And and imagine that then I guess I'm at number for moving up from the number seven spot getting closer and closer to the top position is the marriage V podcast with Alan Sanders & Susan Dell Monica, We are counting down inside the top-10 up three notches into the number three spot from 6 is the Wilder ride with Alan Sanders and Walt Marine. I got the first note I have is this move was not supposed to be produced at 20th Century Fox. That's right. They actually had, I don't know if they had signed papers somewhere else but they were ready to roll with another studio and pull the plug at the last name. Well, part of it was a budgetary issue and part of it was Mel Brooks and Gene Wilder were adamant that this was going to be a black and white film. They were going to do an omage to the original Universal Pictures Frankenstein, which was, of course, Franklin died that it was Bride of Frankenstein that it was the son of Frankenstein and then ghost of Frankenstein. They wanted to shoot in that mode. They wanted it to look like, it was a movie that they discovered out of the thirty. Everything about this film, need to match that kind of temper and tone and they did not want to shoot in color. Well, even if you go as you go through that first minute, and go through the credits, it has the look and feel of the 1931 Frankenstein. And even the the lettering is the same, the overtones of the music are the same and it really does have that same sense of the opening of the original Frankenstein. All right. Who's it going to be the job to holding their own in the number two spot? Again, is certified mama's boy with.
Quizbeard weekly trivia quiz
"50" Discussed on Quizbeard weekly trivia quiz
"Tarintino film in which characters enjoy five dollar milkshakes from jackrabbits. Slim's is pulp fiction number to the fictional pub that stands on london's charing cross road and provides that gateway between the non wisdom world and diagonally. Is the leaky cauldron number. Three the futuristic bar where you find whoopi goldberg. Serving drinks is. Guinan is ten forward from star trek. The next generation number four the comedy series featuring mike of the the nag's head is only fools and horses and number five the fictional pub that has landlords called watts. Royal butcher and mitchell. Is the queen. Victoria from eastenders was first timers. The four star general number six four star general who served as the first african american. Us secretary of state was colin. Powell or colin powell depending on how you say number seven the everyday item. That was used the first time in seventy three by martin. Cooper was the mobile phone or cellphone as distinct from a car. Phone number eight hundred ninety. No one schoolteacher. Any at the age of annie edson taylor. At the age of sixty three became the first person to survive going over niagara falls in a barrel nine in sixteen sixty one. The chemists that became the first person did fine chemical elements and their properties was robert boyle a number ten the icelandic sailor and explorer. That's believed to have become the first european to go to north america. Five hundred years before columbus was leif eriksson round three was the general knowledge round. The lesser of the roman alphabet was added. Most recently was j. Number twelve king kong was born on skull island and he died on manhattan island number thirteen. The new york city street closely identified with the appetizing agency is madison avenue. The before fourteen. The british labour party's longest serving prime. Minister is tony blair. And the fifteen the nuclear bomb. That was detonated. Over the japanese city of nega sacchi was cold. Fatman round four was nursery rhymes at number sixteen. The nursery rhyme at thomas edison recited into his phonograph in eighteen. Seventy eight merry huddle it love number seventeen. The actor burying children alive in the foundations of a stone structure to present prevent. Its collapse is sometimes thought to be. The origin of london. bridge is falling down number eighteen. Cock robin was killed by the sparrow with his bow and arrow the mid nineteen in three blind mice. The farmer's wife uses a carving knife to cut off their tails a number twenty four and twenty or twenty. Four blackbirds baked into the pie in sing. A song of sixpence and brown five was the what comes next. Round number twenty one it goes. Washington adams jefferson and then madison near the first four. Us presidents in order number twenty two tinker tailor soldier. I'll give you a point either. Sailor or spy the twenty-three genesis exodus leviticus. The fourth in the series is numbers. These books of the old testament in order twenty four. Osborne hammond javid and the next is soon. These are the surnames of the last four. Uk chancellors are checker a number twenty five montana california texas and the next one there would be alaska these the four. Us states in.
Hot 50 Countdown
"50" Discussed on Hot 50 Countdown
"Reliever. Hey, it's Rob access and it is my pleasure to can come down from 52. Number one every single month right here on the hot 50 countdown. Ladies and gentlemen, that's a wrap wage another episode of the hot 50 countdown. The podcast magazine hot 50 is ranked by fan votes received at podcast magazine.com. Fifty votes are audited by members of our staff tallied and verified by the 20th of this month with the final chart being released on the 1st of each subsequent month. For more information, please visit podcast magazine, We would love to hear from you. To us and feedback and podcasts magazine.com. And please be sure to join our Facebook community at facebook.com countdown is presented by Page Jazz magazine executive producer Steve. Oh sure content producer Shelly pelker Production Services provided for the hot 50 Countdown by Action Audio studios off. I'm your host Rob active reminding you take time to breathe. Don't let fear stop you and live a life of inspired action in till next time. Thank you for listening to a hot 50 countdown presented by podcast magazine. He's ready to preview And subscribe to the show on your favorite podcast network name..
Hot 50 Countdown
"50" Discussed on Hot 50 Countdown
"Be sure to check out episode number 55 where they wage. Talk about the dad who took his kid into the elephant habitat at the zoo. I am still shaking my head on that one and I have on the line Brian from the commercial break Brian like that's crazy. So this Mensa member this genius decided he wanted to take a selfie in the new elephant exhibit at the San Diego Zoo. He takes his child his two-and-a-half-year-old child into the elephant need to stand next to this huge male elephant tusks at all. And the most shocking part about this is that when the elephant charged the pair the father dropped the child face-first down into the mud. Luckily. The elephant was a better father than this human being because the elephant managed to avoid damaging the child in any kind of meaningful way so that they're both people were safe. But obviously the father was arrested on multitude of charges. It's a great episode. We have lots of fun with it. And of course the kid was okay. It sounds like they have lowered the standards for the Mensa test laid off. Yes that yes they have it's not a match made in heaven. Gaining two spots from number 40 last month the number 38 this month is know your aura by Mystic Michaela discussing all things mystical and practical in Aurora, Colorado. Dropping 27 spots, but still in the hot 50 from number 10 to number 37 this month is dark topic with Jack Luna. Another drop but not too far in the number 36 spot down from number 21 is True Crime couple hosted by.
Hot 50 Countdown
"50" Discussed on Hot 50 Countdown
"They can claim to the number 16 spot for the second month in a row is crime. Junkie with Ashley flowers and brown down just a few from number. Nine to number 15 is necronom odd hosted by Dave Keon and Mike everybody. Let's drink some beer and explore the stories behind some of history's most ruthless serial killers conspiracy theories alien abductions off and cults. At 14 we have another newcomer under society and culture. It's Once Upon a gene with Fe Parks as a new parent of a child with a rare genetic syndrome. If he was lost was notified. There was no rulebook. This was not what she had imagined as she navigated her way through this new reality. She realized something that should have been simple but was not a true that it always been there. But so what have been lost sight of for a time is that she wasn't alone and neither are you these are the stories of her family and families like hers. These are the stories of how they've persevered cried bonded and grown. These are the stories of children who have been told that they cannot and that have proved the world wrong. Now that sounds like a very purposeful show and I can see why they jumped down to the hot 50 at number 14 in their first appearance on the chart. Down five spots from number 8 in the number 13 spot is the Box officer podcast hosted by Mel McKay and Derek zemrak in the number 12 spot. We are getting closer and closer to number one in the hot 50 countdown. It's Robert discount him down with you in the number 12 spot dropping from number five is BK on the air with Barry king drop a few spots from number seven to number 11 is life with hula and here we go with the top 10 shows on the hot 50 as I shared with Iran. There's a bit of a shake-up going on in the top ten now, let's see how it all played out for March 2021. At.
Hot 50 Countdown
"50" Discussed on Hot 50 Countdown
"Designed to educate Inspire entertain and motivate blue stands for business wife universe and the speakers authors and influencers and take part in blue talks about or the fuel that feeds the blue talks fire. You need to step into all of who you are and so my title came to be knocked knocked because literally I was knocked a couple of times in through accidents and and different ways. I mean literally truth came knocking at my door and said you're living, you know, you're living part of your life. If you're not living the mission of why you came into the world at number 29 also new to the hot 50 this month in the parenting category. It's the rock star. Show with host Josh Reddick and Gary Weisman. Being a rockstar is a lot of hard work but it's got nothing on being a dad just asked your erratic and Gary Weisman. You might know them from Bowling For Soup, but behind the pump Rock sing-alongs wage or just two guys trying to get through bullies vasectomies and everything else that comes with being a dad every week Jared and Gary will invite other Rockstar Dad's on are to talk about the highs and lows in between band practice. Whether you're a dad you have a dad or you just like Dad jokes. The Rockstar dad podcast is about to make Monday. Oh so much better. Hey, I'm a Rockstar Dad. I think I'm going to have to see if I can get a guest appearance on the show. Who knows it could happen? Number.
Gamer's Lounge with Ahman Green
"50" Discussed on Gamer's Lounge with Ahman Green
"Together and formed gaming a guidance with gaming guidance is literally on the story of what my grandma gates me and what i'll give it back to the world so when my grandma gave me is giving back to the world through dude the platform of gaming a guidance allowed to take on been down with me for the longest one thing. I wanna say about logitech bro. Is that on. The of narrower right now is pulled to support black gaiters in diversity and inclusion or stuff is cool there. What i can say is the majority of what you see is not genuine. And there's maybe a few percent that is genuine. I noticed because i wanna front end of the industry in the back in the industry. The i'm in every area in the industry does lonesome involved in the up. You know but you're seeing it right now and i played a major role in a lot of stuff on the bathroom. So what i'm trying to say. Is you know before it was cool. Thing to do. Logitech has been downhill years way before you know this stuff so there are certain companies has always been genuine and i noticed because a lot of things that you are seeing today. I'm the one that was telling these companies do because i was the person breaking the barriers the loudest the facing room. You know what i'm saying. We're gonna energy we're going to or basically. Yeah so think about this for a second. 'cause you only see how you say you never got a call back from g four northzone stuff right so think about this second win in. Tom has gi- like especially back then. Has g full gain. Spock talk radio. These companies ever had somebody that was Black or just a person of color overall as their leader for game news never writing the euro. Never were doing very forget you see now so it right so so the thing is what i want to educate people on is on the back end bid certain budgets that companies. Get so. if you don't recieve you don't have anything in motion to support You know Black creators in other minorities and stuff like that. The you lose the money that you is gonna get so a lot of the stuff that you're seeing right now. A lot of is not genuine is a bucket list. There's a checklist cousin. If you're if you're supposed to get two million dollars for your department in They tell you that. If you don't implement these programs be gonna cut your budget to four hundred thousand instead of the two millions. We'll get right now. They're forced to have this. That's why you see collectively as a whole everybody doing the same thing because everybody got bottom lines families to feed so they have to do it right to say so. I just wanna make that real clear because the person i'm the kind of person. I wanna make sure that everything is right. Everything is fair. Because i genuinely love people in are genuinely love. The industry and i want to see grow grow correctly where everybody has a fair shot. These the that's why. Every time i speak until like it is because that's the only way things are going to get better but i don't do it in a whole way. You don't do it in a way outta love and care and understanding but that's kind of journey or what led me to be hip hop gamer. So now on my day to day you know..
Hot 50 Countdown
"50" Discussed on Hot 50 Countdown
"The radio. Yeah, I'm drunk. He's drunk. I live off like what like across the way, you know, he's cute. Yeah where he he he like approached me like whatever and this was the first time that I had ever done this and I was like, well, I mean, he barely speaks English. So how bad can it be, you know something that's probably good so it's exotic. So we we hooked up and then in everything's fine, cuz obviously we had been drinking and like waiting up to that was okay the part that was like the worst aside. The whole thing in general that's terrible and that I regret immensely was like after it's done and I literally was like, okay. Thanks. Dropping a spot and number three certified mama's boy was Steve Kramer and Nancy. Did you catch their interview and podcast magazine? It's a good one. And number two spot up from number four is thank God cancer saved our divorce with Denny Amanda, Jamie and Brandon. I'm thinking these folks have their eyes set on the number one spot long. Can they do it next month? Keep listening to the 50 countdown to find out and here they are reigning Champs eight months in a row. They're holding on tight to the number one spot on the hot 50 countdown. It's the upside with Charlie and Jeff dollars. And you were overly responsible if you often act like you don't have any needs and you don't need any help any of those wrong date with you. I know the feeling. So again, no is a complete sentence don't feel guilty about saying it because at the end of the day your own not only protecting yourself and putting up super important boundaries, but you are also helping them grow improve and learn even if they fail, even if there's a failure involved you are still helping them.
Hot 50 Countdown
"50" Discussed on Hot 50 Countdown
"More returning to 50 countdown in the number 18 spot is who's driving your car with Matthew Steven and Craig jump it up the charge from number 36 that number 17 is the office ladies with Jenna Fischer and Angela Kinsey. I love this show. I am such a big fan if you haven't seen it. Check it out every week Jenna and Angela will break down an episode of the office and gives exclusive behind-the-scenes stories that only two people who were there can tell you Okay lady, I think now you have some background catches for this episode. I do I'm going to hit you up with them. All right, Christine Byrd said at 12 minutes 11 seconds is Mike sitting in his office holding a bottle of chocolate sauce. Yes. Great catch. I went back to this episode. I went right to that time code. It looks like a bottle of Hershey's chocolate sauce. Like he's got it turned around, You don't see the label. He's holding that in one hand. But then if you look there is the cap of it on his desk was he going to take a big Swig out of it, but then Dwight interrupted him like, oh that's good wage and grabbed it. I'll put it in stories. Countdown number 16 jumped up a few spots from number twenty crime junkie with Ashley flowers and bread. If you can never get enough True Crime modulations, you found your people with this one. dropping down just a bit from number eight to number 15 is weird Darkness with Darren marlar narrating true stories of real paranormal events found True Crime just a little bit of a slide from number 11 to number fourteen in society and culture category is the real Queens of Queens with Kathy Francis and Michelle three women born and raised in the heart of Queens, New York who love to talk about everyday life from family to sex In her pants taking a pressured. Look at this. Look at these. Oh my God. Let me tell you tonight is the night of all nights first. We had a little bit of an issue then I got my brother. Unfortunately. He wants me to zoom in to a chat with him. I just declined him. Sorry Carmine, but I'm doing my podcast. Let's change it up because I did a couple of would you rather's but then I just what the heck deck that's what I'm doing now. So we'll alternate back and forth. So, let's see. What is the scariest sound you can hear in the middle of the night? Hmm up 10 spots. Remember twenty-three and the number 13 spot is WKRP.
Hot 50 Countdown
"50" Discussed on Hot 50 Countdown
"By Taya occur. That brings us to number twenty-five the halfway mark here in the hot 50 countdown. Hey, it's Rob accessed. I am down from fifty to number one podcast magazines hot 50 charging. I love it. I love the name of this podcast. It's so cool. It's a paranormal chicks hosted by Donna and carry dropping down from 25 to number 14. Hang on ladies. Thanks, Donna. Sorry I mean Donald Duck born and she does hit a lot of deer. So they hate me she may or may not have a brought that on. You said they hit me knock on wood that they have not hit me and my new car why the fuck would you have said that you just jinxed yourself. Are you talking to see her face off? So it's travel. So sorry. Did your boss? Sorry. I did not mean it that serious that number 24 popping back onto the chart is the corporate competitor podcast hosted by Don Yaeger the business show takes a look at what most fortune five hundred Executives have in common and discuss how Sports shape their professional trajectory off. A number 23. We have a newcomer to the chart and the True Crime category. It's the Ripple podcast hosted by Angela and Rosa who tell you strange and unusual stories and the ripples. They create aka the story after the story. They're podcast recipe house easy a shot of murder a splash of conspiracy a few heavy dashes of paranormal garnished with two Twisted Sisters..
Hot 50 Countdown
"50" Discussed on Hot 50 Countdown
"And number 37 is True Crime couple John & K a couple out of the New York City area that is always had a fascination with not just True Crime but human nature in general. What drives a criminal to commit a crime? What makes a person's crimes Escalade? Is evil something one is born with or does it manifest overtime? Hmm on this bi-weekly podcast they want to discuss some of the crimes people have discussed for years number 36 is POD jerky a society and culture podcast hosted by Master impressive and director gave them to podcast buddies serving up entertaining stories commentary and reviews from their daily lives social interactions and observations. They're serving up Tastykake. Audio jerky and every episode. I don't have to pay for any prescriptions whatsoever. Yeah, no don't even get paper. I have a thousand dollars a thousand dollars a year for massages from a registered massage therapist. I have 1700 magic here. You can't do that here. That's yeah do acupuncture 17 via that down $150 worth of coverage for physiotherapy a year. I have or my orthotics are covered three pairs a year. So I didn't know that at $30 or $35 a month that I'm paying all of this is covered for us and the last of this run of newcomers at number 35. We have Rocky Balboa Cheesesteak fun our a sports podcast. Go figure with a name like Rocky Balboa host Jimmy Matt, Nick Dirty. Mike and Sal Hostess weekly podcast covering Philadelphia sports and utter nonsense. They say the name of the show is definitely not sarcastic. Yo, Adrian. I'm thinking we'd better check these guys out, you know? Okay, I'm sorry. That was probably one of the worst Sly Stallone impressions of all times..
Hot 50 Countdown
"50" Discussed on Hot 50 Countdown
"I'm at them check this one out for myself dropping from number 34 to number 42 is raw true stories of female infidelity hosted by Rebecca Adams jump it under the chart and staking claim number 41 spot is just Dutra part of the Jets and Kramer Duo on Mix 106. She's created Loki a documentary podcast about her cross-country move starting a new job and moving in with her boyfriend for the first time. Reason why I got so emotional about it is because that's kind of what I had to do this year with covid-19. We have the comedy improv show talk and shares with CJ and Maddox. Looks like they underwent a bit of a name change shorten it up from The Amazing World of talking. She has gotta love these guys. There are huge fans of podcast magazine and while they claim the opinions voiced in their show don't matter the opinions of their fans do and that's why we keep seeing them here on the hot fog. Are we are counting down from fifty two number one at the number 39 spot. We have more comedy with Heather McMahon's absolutely not off by number 38 in the Christianity category. It's trails and testimonies hosted by Kim fits. That brings us a number 37 first time on the chart. It's a society and culture podcast hanging with this Italo's hosted by Edgar show boy and Janet. I'm a Mexican-American married couple with two wonderful young daughters on the show. They fully exposed their life including relationship drama and current events in an uplifting thought-provoking way. It will hopefully fill you with laughter faith and encouragement. We want to encourage you to find your why hm your wise that unconditional reason why you choose to smoke him rather than sink. No matter what you're going through. I love that. And also, how can.
Hot 50 Countdown
"50" Discussed on Hot 50 Countdown
"It's so important for a platform like this to Champion in D podcasts that are the heart and soul of the industry invaluable work. Keep it up guys. Thank you Neil C use all the way from the UK. It really is awesome and really makes us feel great to get this kind of feedback from you the listeners. It's validation for us that what we're doing here at podcast magazine the hi 50 chart and of course the hot 50 countdown is serving our mission to introduce podcast fans two shows. They may not have ever heard of but odd Listening to a direct result of that is an increase in listeners for the podcasters who's shows deserve to be heard. It's a win-win-win the third win back in for us. All right, let's get to it. We've got lots of new shows to share with you this month without further Ado. This is the first official countdown of 20 21 jump starting off a number 50. We have the places and travel podcast New England Legends. This show first popped up on October's best of Jorge crime. Now, they're here on the hot 50. Let's see what it's all about. Each week for Cloris author and historian Jeff Ballinger and radio host real eager explore the ghosts monsters folklore history and legends of New England Jeff and re say if you give them about ten minutes, they'll give you something strange to talk about and the bizarre is closer than you think at 49. We have a newcomer to the chart in the self-improvement category Expedition marriage hosted by Chris and Jamie baillie, Chris and Jamie are Christian counselors and marriage coaches. They help listeners to put God in the center of their marriage by sharing some solid Biblical truth along with some practical marriage tips. And so yes, when we don't gain control over them. They are big distractors and disconnect errs here. Let me share some some stats with you here. This is crazy. And this is even from a few years ago, So I would imagine these numbers are even greater, but on average we check our phones 80 times a day. That's like that's great. I can't think of anything else. I do off 80 times a day. You know, what else are we doing? Eighty times a day, you know, there's there's nothing you know and part of that on average being. Oh my gosh, I'd be horrible wage. You're drinking too much water if that's happening. But on average we are on our phones and again few years ago 5.4 hours a day. That's crazy. That's crazy and over an hour is spent on Facebook and over 50 minutes were around 50 minutes is spent on Instagram at number 48 on the hi 50 countdown. Another newcomer in the business category the virtual assistant Advantage hosted by Alyssa event. This is a podcast for new be aspiring an experienced virtual assistants who want to grow their businesses and pursue additional income streams. But let's talk about the second thing that you need to be consistent in order to succeed in your virtual assistant business. Number two is always be learning there is always something to learn in order to continue to be successful in your business. Most likely you're going to have to continue to learn even if it is something that you would know. So even if there is a specific skill that you know, say you are skilled in graphic design. There are always New pieces of your graphic design software to use there is always news updates. There are always always new Styles and this is the case in any particular skill those social media changes. So incredibly fast, you have to Brave practically you're learning on a weekly or daily basis to keep up if you are specializing in social media. Add number 47 drop in from number 35 on second. Watch on second. Watch is a movie Nostalgia podcast hosted by five friends Tim Chris Dana carries, and we can't forget space. Thank you for joining us. We counting down from fifty two. Number one number 46 finds her way back to the hot 50 chart. It's huddle up with gusts. That is dead Gus. Frerotte former NFL quarterback and long time friend Dave Hagar talk with guests about when they fell in love with sports house sports taught them to overcome adversity and help shape their path to success. Tastier than me. He had the ballot, you know, he was a wine nut. He used to Chuck what he fly in California. He would he would fly back with Napa Valley Wines on his plane that team played off one time. We're playing we're playing Chuck Noll. Okay here in a preseason game and before the game. I sent over a box of a variety of Napa Valley high quality wines. Now, I wasn't in the white box, but I could always get what I wanted and I said put it in his locker as a gift because I knew he's a wine nut and we beat the hell out of him the preseason King and by Waka meet him at Midfield. He grabs my hand. He said ramiel don't ever set me up with a case of wine again. That's that's I sent a lot of our Vermeil wine to Chuck before he passed away, even though he had Alzheimer's he still had a he still liked wine in his his wife would work for him at number forty-five dropping from number 28 dead. Is elimination podcast the comedy show from across the pond hosted by Brothers Bob and Mike along with her dad Dave. This is one where the guys make random selections of you, It comes put them head-to-head in a debate and then ultimately eliminate.
Hot 50 Countdown
"50" Discussed on Hot 50 Countdown
"Podcast magazine presents yo, 50 count to 15 countdown each month growth factors a podcast magazine counts down the top 50 podcast Wonderland right here long term End by you the podcast in June in each month to see if yours in the books and The countdown years from Addis happy 20-21 podcast bands. It's rubbish your host for the podcast magazines hot 50 Countdown the sure we take the hot 50 chart published each month in podcast magazine and counting down from fifty to number one. The hot 50 chart is the one the boss only fan-voted podcast ranking in the entire podcast industry. That means you the podcast fans created the list and the number of downloads. Well, they simply don't matter a big shout-out and thank you to all have been subscribing rating and reviewing the show. We definitely appreciate you or give a special shout-out to listener Brooks b thanks to five star rating and the awesome review Brooks b rides as an avid podcast listener. This is a great show to learn about other podcasts. They shed light on an array of different shows and yep. We talked about what you might hear their love this forum at the new shows. I've learned about as a result. Thank you so much Brooks b and Neil C use from the UK for his five star rating. I loved his review Neil C use rights. I'm a big fan of podcast magazine and even bigger fan of the hot 50 podcast why in a world obsessed with celebrity and media shows?.