18 Burst results for "Adsense"
What Bitcoin Did
"adsense" Discussed on What Bitcoin Did
"Right. After lots of planning, lots of talk, finally, we get George Gammon and Jeff Booth together. I would love to have done this in person, but I think we're in three different continents or something. We all use the power of the internet. And I actually have a feeling you two probably agree on a lot more than you maybe realize or what people think. But I think people want to hear this conversation. So I've got a structure I'm going to keep to my structure. George, you've been on the show before. People know you just been on the show a bunch of times and has a book and does a lot of the conferences, but to probably know him a bit more. But so I start with you, George, just introduce yourself to people if they don't know you already. Just give them your background and tell them why you're here. George Gammon, most people probably know me from my YouTube channels. The one is creatively named George Gammon and where I just do white word videos on macro topics. And then the other one is the Rebel Capitalist channel. And then we've got a podcast called the Rebel Capitalist Show. Excellent. And look, Jeff, a lot of people who listen to my show know who you are, but hopefully we're going to get some of George's listeners and who might not know you. So give them your intro. Jeff Booth, I wrote a book called The Price of Tomorrow, Why Deflation is Key to an Abundant Future. Long time entrepreneur, technologist, now Bitcoin advocate. I started a fund called Ego Death that is investing in layer two and everything that's coming to Bitcoin. Excellent. Right. So this came from a Twitter conversation a while back between the two of you, a short one. And then somebody said, you two should get on a podcast. And I think I just interjected myself and said, oh, I'm here. And it took a while to get it together. But here we are. I do think, George, I'm going to start with you. I think a lot of Bitcoiners have you wrong. I think they think you're anti Bitcoin. And I don't believe you are. I just personally, yeah, I just think you see it differently from other people. So it's as best you can what you think of Bitcoin, what your kind of position is with Bitcoin and where you think maybe there's like this common narrative in Bitcoin or a couple of common ideas where you think people have it wrong. Well, I think that it's not just in the Bitcoin space, it's in the gold space. And I think just it's on Twitter, it's human nature where people tend to articulate their argument in the form of certainties instead of probabilities. And they talk about solutions instead of trade offs. So that's kind of where it starts with me. But as far as my position on Bitcoin, I think everyone should own it. But I don't think that everyone should own it because it's going to a million dollars. It might or just get you rich or something like that. It might. But again, we're talking about probabilities. I think everyone should own it to have purchasing power outside of the system, especially moving forward with central bank digital currencies. I think there's an extremely high probability that we'll get that within the next five years, something like that. So in that type of world, I definitely want to own physical gold. I definitely want to own some Bitcoin. And I think unfortunately, we're going to have to play ball. Those people who are, I say us talking about people who value freedom and liberty and free market capitalism and privacy. For most of the people, I don't think they're going to have a choice because you still have to have a nine to five job. You sell an employer, you have to have a paycheck. I mean, Nigel Farage is a great example of that. I mean, he's still, let's just assume that he's getting paid from YouTube, from his YouTube channel with AdSense or something. He still has to have a bank account for that. It's just, it is what it is. So if they de-bank him, then that gives those people a lot of power. Where if he just had another bank account or something outside of the system, and then he might be able to navigate that type of situation, or but just for the average Joe, you know, they're probably never going to find themselves in position of Nigel Farage, but just gives them an opportunity to have purchasing power outside of the ecosystem of a social score, let's say. I don't think that Bitcoin is going to give them the opportunity or even physical gold to transact completely outside of that system. Because I don't think with, let's say we get a CBDC in three years, you know, no matter how fast Bitcoin progresses, I don't know that it'll progress to the point where you can pay all of your expenses unless you want to live like in an Amish community. And if you want to do that, that's great. But for most people, you know, paying their rent, putting their kid through college, medical insurance, et cetera, you're going to have to have dollars if you're in the United States to do that. You're going to have to have some purchasing power, or as much as you can outside to where you can transact where you can and have that outside of the realm of that social score. I think that's definitely going to be beneficial. And then I also, you know, people say, what should I do? What should I do? I know this doesn't apply to a lot of people, but if you have the resources to potentially live in another country where they use cash for a large percentage of their settlement, I'd suggest considering that as a plan B. Because although, as an example, I'm in Colombia right now, will they have a central bank digital currency here? Probably, most likely. But it at least buys you some time for the Bitcoin ecosystem to be built up to a point where it might be more realistic for, you know, maybe 80% of your transactions to be within that ecosystem. I just don't think that happens overnight. I think we get a central bank digital currency before then. So that would be my argument for owning Bitcoin. Now, as far as Bitcoin becoming the global currency, or a Bitcoin standard, if you will, however you want to articulate that message, I think those probabilities are much, much different. But then we get into the theoretical, which I think is very interesting. And that's a discussion that I think Jeff enjoys, you know, would differ on too many things other than just the probabilities. Okay, that's great. And Jeff, I don't want you to challenge anything that George just said just yet. I'd rather you again, just outline your position, your views on Bitcoin, where you see its role in the world. By the way, keep looking down here, because I'm keeping notes. So just to make sure I'm aware of the things you're talking about, so I can refer back to them. Yeah, and, and specifically, I would say, just quickly on George, there's probably not there, you opened it perfectly, there's probably not a lot we disagree with, we might disagree with probabilities. And, and I'm just looking through probabilities of essentially, what happens when you change the structure of something that is uncompromising? And how would that change the reality? So we measure the world out of the existing world. And so it's easy to carry those biases into something new. Every in fact, every time a company gets disrupted, it gets disrupted from the exact same reason. I would argue that disruption is just happening at a level that we can't see, because it affects every single other thing. So simply, I'd say that my the easiest way to explain this for me is, is, is everyone knows technology falls, or prices fall to the marginal cost of production. Over time, you can stop that from happening for a while with regulation. But the process still goes on. And it goes on because competition moves to other regions in the world, and then competes with your region that you artificially created a regulatory environment to to protect, and then your your regulated industry gets wiped out. So over time, prices fall to the marginal cost of production. What is the marginal cost production of a line of code? Or what is the marginal cost production of a line of code created by more lines of code? What you can see is what's happening in the world is we're having exponentially increasing productivity, that exponentially increasing productivity will soon move into robotics, and it won't just be the digital realm, it'll be the physical realm as well. So it'll that's prices fall to the marginal cost production will include physical things. So if one and two are true, which they are true, then and then and you had something sent. So measuring that happening, you to see that happening, you'd have to have a fixed number of units of currency. What that would mean is all prices would fall forever against the fixed prices of currency. So we don't we live in a system that's opposite of that today, we have a system that increases number of units of currency to make prices rise. But measuring from a fixed number of units of currency, what it means is prices would fall forever. Now the question in probabilities, the only question and probabilities is, can it stay decentralized and secure? And but if it can, if it stays decentralized and secure, that's an it's inevitable that Bitcoin is re pricing the entire existing system, rather than the other way around. And when George has said, priced in a million dollars Bitcoin, I don't think that way. I don't think I think anytime you're pricing Bitcoin in a fiat currency that is manipulating the number of units of currency for to gain power, right? But that's why I was just said to get rich. Exactly. And that we agree. That's where we agree on. And that's why these these things matter. The semantics matter. And people kind of yell on Twitter about the semantics. But I don't think it all I think all it's doing is uncompromisingly, whether it's through deflation or inflation, re pricing the world. And if it stays decentralized and secure, then it's inevitable that that happens. Now the timeframe you could argue the timeframe, but it is if it stays decentralized and secure. No one, nobody can change that fact that what it means is, is you could have blow ups, you could have you could have currencies revalued, you could have a whole bunch of things happen along the way. But it is essentially Bitcoin re pricing everything else rather than the other way around. I find myself in this weird position where I end up agreeing with both of you. So I agree with Jeff long term. But actually, Georgia, one of my preferred people to see talk about Bitcoin, because most Bitcoin is tend to parrot the same thing or argue about things I'm not interested in. And so when I see you comment, if I disagree, I'll I might post a cheeky reply. But other times I'm find myself completely agreeing with you. I think you're looking at Bitcoin through some pretty practical, you know, look, if we live in a computer simulation, which maybe we do, I mean, sometimes I do the news all the time, the rebel capitalist channel, and almost every single day, I'm like, we got to be living in the matrix. Like, did you guys see the tell? I'm gonna forget my point. But did you guys see the other day that Republic First Bank almost went bust? Not not First Republic? Nope. Now it's Republic First. And I did this story. And I'm like, you got to be kidding me now that this is definitely a simulation. The things are just getting too weird. But anyway, if we lived in this computer simulation, yet, absolutely, what Jeff is talking about is true, because you've got the deflationary characteristics of human productivity. And then you have a fixed currency supply. My argument is we don't we live in a world where human beings actually control the money. And if we look back throughout history, you see what human beings always do. It's like clockwork. So I think that in all, if let's just assume we fast forward 20 years or 15 years, and Bitcoin is being used as like a global currency, I think it'll be fractional reserve fractional reserve banking. And I know I think Jeff's argument there is that you have instant settlement. But I get why that would potentially reduce the need for fractional reserve lending. But I don't know that it would completely eliminate it, just because as human beings, we're always going to want cheaper credit. And we're always going to want access to, you know, unlimited credit, we're always going to want a higher interest rate to be paid on our savings. Now, maybe you won't have Bitcoin that differentiated, you got 21 million, you got a fixed supply, assuming that it's not fractionally lent. And then you can put in your back pocket, and instant settlement. But I don't think that those three characteristics in them in and of themselves, eliminate 5000 years of human history. And, you know, as funny as last night, I just had this cold as you guys can probably tell. So I've I don't usually watch TV, but I watched a couple episodes that Netflix series on Rome. And I saw what the crazy kid Caligula was doing. And he brought back these treason trials or something like that. And I don't know if this is exactly what he said, but in the in the series, he goes, Well, if you haven't done anything wrong, then you shouldn't be worried that now I have power to destroy your life. And I'm like, wow, it's basically echoing exactly what we hear today. And it's just history just repeats itself over and over and over again. So I go back to the gold standard. As an example, you know, the most strict gold standard that we have example, that's late 1800s. And so Peter, let me ask you a question. Between 1880 and 1900. Do you think the money supply increased more or less than it did from 2003 to 2023? Under a strict or a fiat standard, if you will? I mean, I'll just be guessing. It's the same. Oh, it's the same. Yeah. So M2 money supply, if you look at it, increased the exact same on a complete fiat standard from 2003 to 2023, as it did under a strict gold standard from 1880 to 1900. So that strict gold standard really didn't limit the amount of currency units, I would argue at all. And so George, but this is why this is so critical. And this is why if this is a first time in human history, that you could have decentralization and security together. And you could never have that before. Because essentially, I've said this many times in many of my writing and such that I would agree with you on the point that if the money could be corrupted by human beings, it would be not it might be, it would be because it gives so much power to the human beings that corrupt it. So that is human history is filled with that. And you see it everywhere. And so when you reference this, when gold gets centralized, because of the this speed and velocity of markets, you have to build something on top of it, and it gets centralized further and further. And you build fractional reserve on top of it. So I get all of the things you're saying throughout history, the question and this is the this is the nut of the whole thing. If something has changed history, that we no longer have that that ability to change it, then and it's in it doesn't get concentrated. So if it remains decentralized and secure, it changes all the rule books going forward, but it doesn't change people's desire to get a higher interest rate on their savings, and to borrow at cheaper costs. But I but I get that. So human nature, what you're saying what you're saying is if we agree with both of these things, I agree with you looking through the history history books, I agree with you. And I've talked about it extensively, that that's that is the risk. But if you had something that was decentralized and secure, and people held in self custody, then what that would mean is, as people played these games, these leverage games, one and you had deflation into a market, then the higher interest rate and the higher, just like what happened with FTX, and everything else, they would blow up faster. And if people remained in self custody, so if you remain decentralized and secure, I'm not saying that that's a guarantee, because there's so many powers that are going to try to centralize it. But if you remain decentralized and secure, it changes all of what you're talking about going forward. Let me give an example. Let's just say that I own X amount of Bitcoin, and we're in a world where the world that you're referring to, and I'm and I complete and I carry 100% of that Bitcoin in my back pocket. So it's completely decentralized. But that's my entire net worth. That's my savings. I'm going to want to get a return on that. I know even with deflation, even though it is increasing in value, I get it's not going to be increasing by a point where I don't want to return on that. And what I'm going to do is I'm going to try to find a fiduciary, who's willing to take that responsibility. Go ahead. Yeah, because that's important. Until they're perfect. But what you're saying now is, I am going to try to trade a return is that is above the free market by trusting somebody else to get me a higher return. Right. And I'm going to centralize by doing it. Yep. I agree with you. There's a whole bunch of people that will do that, just like that just did it on on FTX, just to try to get a higher return. And I also believe they will get wiped out. Because the real return rates by the way, right now, right now, most people don't know this yet. But you can make about a three to 5%. It's not yield, because it's comes from free fees on lightning, holding non custodial Bitcoin, you can hold it decentralized yourself, and make three to 5%. And I would say that's the true rate of return on the free market with deflation. So deflation Bitcoin, that means Bitcoin is going to go up in relative fiat currency. And people can get it yield, it's from fees, it's not yield, but a real rate of return on Bitcoin now that you couldn't do that a year ago, two years ago. But these instruments, based on the new economic system are emerging. And more people will, I would say, take the true yield, instead of the instead of the leveraged, trusting somebody else to centralize, you are right, that a free market will emerge and a whole bunch of people will promise higher returns to try to centralize your Bitcoin. And I am right, that if it stays decentralized and secure, if people understand the game that's going to be played, it's inevitable. Yeah, so let's go back to the 1800s. And you could add full reserve banking back then. You had to put your goal in the bank, but you could have chosen to put your gold in a full reserve bank. And we didn't see those. Why? Because the full reserve bank said, hey, if that guy's going to charge you to hold your gold, or maybe pay you 1%, I'll pay you three, four percent. And is there higher risk? Sure. But people chose that over and over and over again. So I don't know why they wouldn't choose that in the future. So what I suspect, going back to those times, what I would suspect is more people know the difference today. I will tell you that most Bitcoiners that I know wouldn't be trusting to centralize their Bitcoin. And more tools are going to be open to be able to give those people the power to generate economic growth on their own. Right. But if we're talking about a world where Bitcoin is being used as a global currency, now all of a sudden, it's not just Bitcoiners, you know, these crazy guys like us talking about Bitcoin and utilizing it. It's the average Joe and Jane and the average Jane. Can I give some context here, George? I'll give some context here. So previously, I had a sponsor called BlockFi, who used to offer yield on their Bitcoin. I promoted them on my podcast. I used them myself. I held Bitcoin with them. And they originally offered a pretty good yield. It was around 6% and then 5%. It gradually dropped till it got to, you're getting less than 1% and there was a limit to how much Bitcoin you could hold with them to get that. And then eventually they collapsed. But at the time, I told myself, this is great, you can get yield on your Bitcoin. And then when they blew up and people lost lots of money and lots of Bitcoin, I actually realized that the return for me, and this is my simple way to look at it, the return for me is the growth in the value of the Bitcoin. And that's worth more than the yield risk of the risk of having the counterparty risk of trying to get yield. So I still want the Bitcoin, but I didn't want to take the counterparty risk to get additional yield. In some ways, for me, the yield is the growing value of the Bitcoin over time versus the falling value of my fiat. Does that make sense to you, Jeff? Yeah, it does. I think that's a great example. But that equation, you might be attaching a appreciation to Bitcoin that might not be realistic in the world that Jeff is talking about. Because right now, Bitcoin is, let's say, a risk asset or trades like a risk asset. So you could, in your mind, you're thinking, wow, I could be missing out on a 25% return annually here. That's how much Bitcoin can go up, maybe even more. But in the world that Jeff is talking about, Bitcoin might not appreciate that much against goods and services. You would have deflation. But going back to the late 1800s, we had, I think from 1880 to 1900, we had about 20% deflation. So you would see Bitcoin with a lot less volatility. Well, I guess it would have no volatility, right? But even relative to goods and services, it would be appreciating value, but not 50% per year, 25% per year, maybe a 2% or 3% per year. So if you knew that your Bitcoin was only going to appreciate by that much, would you still have the same attitude? That would be my question to you. Should we really be separating almost different Bitcoin epochs? Essentially, we have very early high growth phase now. Then we kind of maybe have transitional period with lower growth. And then if we reach what Jeff thinks, which is hyper Bitcoinization, it's an entirely new kind of world we're living in. Yeah. Yes. And I totally agree with that. But if you play that forward on what's happening, if you just said, that's why I keep just going back to first principles and simplifying this. The question that George is actually raising is, would I trade, would I do what Peter did and leverage my stuff on blockchain or BlockFi? And would they go broke or would somebody go broke because of the games? Somebody was always going to give you more margin and you would chase the margin. And there will be tons of people that get wiped out because of that and tons of companies that get wiped out because of that. And human nature will drive that. Black Rocket is going to do an ETF. Some people are going to put it in that's going to be a centralizing function and there's going to be a whole bunch of these. And if these games are played on top of this and it breaks the decentralization security, I would say George is right. I suspect that won't happen. And I suspect that won't happen because of things like this conversation. And if you just follow first principles, prices follow marginal cost of production, exponentially increasing productivity, and if it stays decentralized and secure, meaning if people self custody and it says decentralized and secure and don't play as many of these games, it effectively is going to wipe out people that are playing these games and keep on going. So what you're talking about in the early epochs versus the later epochs is the exact same trend that is re-pricing today's global wealth, let's call it $900 trillion, into $21 million. And that'll come and it'll feel like, but most people are measuring from their US system or Argentina system or whatever debasement they're taking on their currency, they're measuring Bitcoin in their currency. So what it's actually saying is they're trading Bitcoin. They're traders, right? And what's actually happening is Bitcoin is re-pricing at all. And so the speed of when you're talking about the epochs, you're talking about the speed of re-pricing. And that speed of re-pricing is going to be changing over time because currencies could, let's use an example I use often. In Argentina, it's not like there's 100% Bitcoiners. Why not? So in this case, George is right, right? They got 120% inflation and everybody is leaning into the system thinking there's a fix from within the system. And they just got rug pulled on their currency. And then because of that currency devaluation, it'll look, investment will race in, take advantage of cheap labor. People will be fooled into that again, and then they'll get rug pulled again. And each time through that thing happening all around the world, it's going to create more and more Bitcoiners. But the re-pricing that we're talking about is there's a result of all these things happening. Yeah, but if you go to Argentina, what are they using, Jeff? They're using dollars. Yeah, and Bitcoin in town. And I'm not saying that it's a panacea. I'm not saying it's great, but I am saying that that's part of the network effect that the dollar has is that you go to Turkey, which I've been there recently, you go to Argentina and you look in the cash register and they're not using Turkish lira and Argentinian pesos. It's full of dollars. And it makes sense, you know, if you're them. I totally agree with that. And in fact, it gives the system more strength, right? Because all of areas that are defaulting or debasing are making their currencies cheaper in the U.S. relation and allowing the U.S. to export more inflation around the world and strengthening. So network effects of something like the dollar don't end overnight. This is something I totally agree with. That's in my opinion is probably the biggest challenge that Bitcoin faces as far as taking it to its last bucket or epoch, whatever you want to call it, to where it becomes the global currency is just we've never seen a network as powerful as the U.S. dollar ever in human history. And so if you ask, you know, for Americans, it's hard for them to understand because their expenses are denominated in dollars and therefore they see their expenses go up. They see the dollar lose value. But if your expenses are denominated in another currency, such as the Colombian peso, where I'm right now holding dollars, you actually would have increased your purchasing power relative to local goods and services because until recently the dollar had appreciated so much relative to the peso. It appreciated more than the rate of local inflation. And so that that's that's very, very powerful, especially when that's happened over decades and it's generational. Even if the dollar loses, let's say, one percent relative to local goods and services annually, that that's something that people can depend on. So I'm not here to cheerlead for the dollar or anything, but that is part of the probabilities, right? That's part of the whole equation when you're trying to think about when or if Bitcoin could replace something like the dollar. But one thing I also want to throw in there, because we were talking about getting a percentage interest rate on your savings, but it's not just that. I think it's the debt side that would really there'd be a lot of demand for fractional reserve because, you know, I think people are still going to want to borrow money. They're still going to want to borrow Bitcoin. They want to buy a house. They don't have the money. And even if it's not fractional reserve, you know, if it's full reserve, they're going to be paying a much higher interest rate where you've got a bank that comes out, says, listen, we'll do this fractional reserve stuff. And we've done it in the past. It wasn't a big deal. And instead of having to pay an eight percent mortgage, now you only have to pay a five percent mortgage. So I think people are going to gravitate towards that as well. So I think you will have demand from the wanting to get a higher interest on your savings and also because it's cheaper, it's cheaper to borrow. And I think that's one of the main reasons there's a lot of them. One of the main reasons why we see so much dollar denominated debt right now, you know, why does Argentina, Argentina, excuse me, have so much dollar denominated debt? Because it's cheap, because they can borrow dollars at three or four percent when they can borrow pesos at whatever, 15, 20 percent. And so that that entrenches that network. And I think that's what people will gravitate towards. Yeah. George, you're right on on some of this. But but if you're denominating in Bitcoin, you can already see what's happening. Right. So three years ago, my my lake house cost 300 Bitcoin. My lake house has gone up about 20 percent in those three years, maybe more than that. And now my lake house is 50 Bitcoin. Right. So when you're talking about I'm going to lever into a different system, you're actually saying I'm going to pay way more into the and all the all the debt and everything else. Whereas if you're talking about Bitcoin, you're actually repricing everything over time. I understand. But if I want to buy your lake house for 50 Bitcoin on another 50 Bitcoin, I want to borrow it. I want to borrow it at the cheapest interest rate. Yeah. And you will try or you will or you will keep on saving in Bitcoin and buy it out. Right. But who does that, Jeff? I mean, I get in an ideal world, I get it. Maybe the Japanese do that to a greater degree than Americans. But as Americans, I just to think that we're going to transition into this world in 20 years when no one's going to want debt or no one's going to want a car loan or mortgage. I just don't think that's realistic. This show is brought to you by Ledger. Now, Ledger is the world leader in Bitcoin security and is the best way to own and secure your private keys. If you're still holding Bitcoin on an exchange or with a custodian, it might be time to take your security more seriously, because remember, not your keys, not your Bitcoin. The Ledger suite of hardware wallets paired with the Ledger Live app are the easiest and safest way to start managing your own private keys. You can send and sign your Bitcoin transactions with full transparency in the Ledger Live app. And honestly, it couldn't be easier. I have been a Ledger customer since 2017, and I absolutely love their products. Now, if you want to find out more or purchase a hardware wallet from Ledger, then please head over to shop.ledger.com, which is S-H-O-P dot L-E-D-G-E-R dot com. Next up today, we have our lead sponsor, Iris Energy. Now, Iris Energy is the largest NASDAQ listed Bitcoin miner using 100% renewable energy. And their strategy is to target markets with low cost, excess renewable energy. And they build their own highly efficient Bitcoin data centers and are led by a seasoned management team with a track record of success across renewables, infrastructure, and digital assets. Danny and I met with the team in Canada and were super impressed with their values, which align with us, so they are a great fit for what Bitcoin did. We have now been working with Iris Energy for a number of months across the podcast, films, and events. And they're even sponsoring my football team, Ralph Bedford. It's been really great to work with such a forward thinking and sustainable Bitcoin company. So if you want to find out more about them, please head over to Iris Energy dot com, which is I-R-I-S-E-N-E-R-G-Y dot com. Also today, we have the Orange Pill app, the Bitcoin only social network. Now, if you're like me, you like talking about Bitcoin all the time, you know how difficult it can be to find local Bitcoiners, to maybe grab a beer and talk about hyper Bitcoinization. So it was great to find the Orange Pill app because it makes it super easy to find nearby Bitcoiners to connect with. And it's also the largest repository of Bitcoin only events. And if you go into the Orange Pill app, you'll see all the Ralph Bedford matches listed there. Now I've been using the app for when I travel, and it's been a game changer, but it's also been pretty cool as random Bitcoiners reach out and get in touch. Let's talk about Bitcoin and let us know what they're up to if they're local. So head over to the Orange Pill app dot com or search for Orange Pill app in the Google or Apple app stores. And once you've downloaded, send me a DM, start building your local network of Bitcoiners. This is actually why in this kind of American focus because American focus is the US dollar and it's had so much network effect we take for granted. My entire life has been building networks and technology and understanding network effects. It's how I came up to the thesis that I did and understanding how powerful network effects. In fact, 70% of all value created in technology companies is due to network effect. The US dollar has the same network effect and it drives over purchasing totally understand. And so what ends up happening, though, is what ends up happening new monopoly with network effects once the network effects start ending, is people don't see it and they do the same thing, same thing that Kodak did, inventing the digital camera. And what ends up happening is the network effect moves to the people furthest away from the monopoly. So what's happening right now through Bitcoin is it's moving because I've never seen something in human history. I haven't seen an example of something that offers way faster, cheaper and safer that is lost, that is open to anybody to play, that is ever lost against the monopoly ever. And what is happening right now at Bitcoin, why it's moving from the bottom up, why you'd see El Salvador move to it first, why you're seeing all these other countries move to it first is because it's enhancing their ability to compete. And you're going to see this and I see it because I'm at the nexus of that all around the world. I know Peter's traveled around the world seeing this as well. And when you see this impacting communities at a level outside of what we're talking about in what protects the monopoly, you understand it's unstoppable. If it stays decentralized and secure, it's unstoppable. And you have a new, more powerful network effect that's emerging from the bottom up. And what I would say is most people are misunderstanding vastly, dramatically what that means to the existing network effect. Not that it will end tomorrow. I totally agree with you there. But as you have something that gets more and more powerful with every node and every user that joins it, it becomes more powerful to the point and the monopoly can't avoid it. Let me throw in my context, then put a question to you, George. So in the last couple of months, I've been to both Argentina and Lebanon. I try to go to two of the countries that have got some of the worst inflationary issues and to make a documentary to understand what is happening. And quite rightly, as you've both alluded to, most people don't want Bitcoin. They want dollars. And the reason they want dollars is it's the closest thing they have of a real world experience to their local currency, the way it operates and they use it, but it's stable. So it's not volatile. The problem with both of these countries is so many people have been pushed below the poverty line. They can't afford to think about something like Bitcoin and its volatility and spend time on the technology and understand that most of them are just trying to live day to day. So they want a dollar and they want to protect their income and grow their business. But what I have found in these countries is there is more openness to Bitcoin than, say, I would find in the UK with my friends. And I think what that is, is Bitcoin is slow to adopt. But in these countries, there are some people who are skipping the dollar step or they're doing the dollar step alongside Bitcoin. But I do think a lot of Bitcoiners have this wrong in thinking like Bitcoin can fix Lebanon. No, it can't. Property rise, rule of law, security and a stable currency. But what was really interesting about Lebanon is now a cash dollar economy. There's no banking infrastructure. It's a cash dollar economy. And people have found a way.
The Athletes Podcast
"adsense" Discussed on The Athletes Podcast
"It's too good. The one of the things I was curious, and you mentioned it before we started recording, like you ripped through high school, creating all this content, and then you go to Ohio state with my boy Trey LeClair from South Surry. And, uh, you aren't able to necessarily create this content or it's not as potentially beneficial because you're not going to be able to take any of that money. Tell me about that transition and also like what got you into creating this content at such a young age was like, was it Colin and Samir seeing their success with the lacrosse world? No, that's a good question. That was like probably one of the hardest moments in my life so far. So creating content from my freshman year to my senior year, you know, weekly, monthly, you know, creating whatever I really wanted to create, uh, got to college and still remember August 5th, I had to demonetize all my videos. I had to stop making money off YouTube AdSense. I had to stop my merchandise sales because NIL name, image and likeness at the division one NCA level was not a thing yet. So, but that's not even the worst part for me. The worst part was I couldn't even film the aspect of me playing lacrosse at Ohio State. So when you're talking about being a division one athlete, that's literally 90% of your life. So now you're talking about, okay, filming 10% of your life and what it ended up being was just me filming myself. Couldn't have any Ohio State clothes on, nothing in the background and just me filming me, my self in my dorm room. Just talk. I don't even, I made like a video about like soap one time. Don't go back and watch the 20, 20, 20. Yeah. Yeah. Um, and it was tough for me. Um, and I think that whole year, like I loved it. I loved playing lacrosse. I love the new atmosphere of being at school and everything, but when you can't create and you're losing, you know, 50% of who you are, like you struggle. And I remember going home that winter break and like, I just couldn't do anything about it. Cause like I already made it this far in my lacrosse career. Like I'm not going to give this up and working for this my whole life. Um, uh, and I would just like, there's gotta be some change here. Um, but I knew in the back of my mind, do you know who Destroying is? You mentioned it. Yeah. Yeah. So Destroying. Destroying is this guy that went through this whole thing in 2017. He was a UCF kicker and he made a couple of viral videos and the NCA came down on him and was like, Hey, you can't do this. So they basically were like, Hey, you can keep your scholarship or you have to quit and do your YouTube channel full time. And that kind of started the bug that went nationwide. He was on all these news outlets, ESPN, everything. Um, and that kind of created the bug in the NCA to be like, Hey, we got to pay athletes. So I knew by the time I was in college, the rule would get passed. It was just like, I don't know when that was right. So freshman year, couldn't create content COVID happened. Sophomore year I come back, was trying to create content even harder. Can't even film division one lacrosse. Now we have COVID restrictions. So sophomore year ended going into my junior year, July 1st, 2021, I say one of the best days of my life, NIL passed and was now a thing. And I just kept off going from there. I never forget the night going into the first, I couldn't get any sleep. I woke up at 4 AM on the first and check my DMS and already had a couple of brains reach out. It was like, Holy shit, this is fucking sick. And, uh, it just, it just came to show, like, I took that as a thing of like, all right, not just me, but God's kind of giving us all something here and just, just take it. And I say, you St. Bonet starts sprinting at it and let's go. Dude. And that's why you ended up in a leopard suit at prom. The kid does his research. Hey, you know, we got to make sure we hold it down for the boys. I know it's only been 24 hours, but you know, you got to find those little things that make the giggle, you know? Exactly. Uh huh. It's, uh, it's crazy to think that you were at like the epitome of content creation and then had to drop it. And I was at like 10,000 subscribers then. Dude, you're at what? 16, 17, 18 years old. You're making. Yeah. Decent money. You're like, dude, I'm like, I'm balling here. Right. Especially at that age, like even five, 10 grand is like in five, 10 million at that point. Right. And that's gotta be so demoralizing because it's something you've worked so hard. You have a guy like Mike Rabel, PLL, literally saying you're the next phase of the sport. And then close it off. Like, I mean, maybe not quite the same timeline there, but dude, like to be able to overcome that and be willing to stay patient is a testament to the fact that, Hey, like you knew your time was going to come eventually, but you had to stay true to the fact. Stay true. And I would say put the 10,000 hours in it just, it was a moment in my life where I was like, Hey, like lacrosse has always been my first goal. My first dream, you know, I say PLL, no, not even PLL. I think that the pinnacle was always division one lacrosse because the PLL was so new. It wasn't even a thing until I was a freshman at Ohio state. It was always just like, Hey, you know, your, your goal is always to play division one college lacrosse. And I know it might suck in the now because your goals and aspirations might change. And because at the time it was content, but Hey, don't give up this dream. Like you're going to be so glad you finished this whole thing out. And you know, you were a four year varsity member and I always had that at the forefront in the backend. Like I never stopped not learning about the content scene, whether it was listening to other people, reaching out to other people, how can I assist them? How can I help them? How can I continue to kind of be a, a fly on the wall in different organizations inside the content realm? That's always been me. That's why I always say now, like if what I'm doing doesn't end, I'm working out, like I will still be within this space and probably more of the behind the scenes way. Really? Yeah, yeah, yeah. That's crazy because you're a natural in front of the camera. Yeah, yeah. But like I, in my eyes, like I don't see this not working until like I'm 45. Right, right. But by then, like, am I really going to be, want to be on the camera with kids and everything like that? All of skin age as well. You'll be fine. Yeah, yeah, yeah. I mean, us, me and Alex, you got a little Italian in you, do you? No, definitely not. You see the sun tan up here, man? I love that. No, but yeah, I think like sticking with this realm forever and look, I could be wrong. Like who really knows what I'm going to be doing in 20 years? Who knows what you're going to be doing in 20 years? But I just think keeping your options open and I'm a big believer on like never burning bridges early in your career. Like I'm so big on that. Like it ruffles my feathers when, when you see creators like you've talked to and now that are bigger than you try to reach out and they're like, they're brushing you. And I, I hate that, man. It just like, it affects me deep down because it just like, it just goes back to your core values and who are you? If you look at that, whatever I look at, I'm like, if you know, cause I, I send a lot of emails, DMS, notes, trying to get people on the pod. They are bomb if they don't reply, whatever. It's like, Hey man, you'll come on eventually. Yeah, exactly. And you know what? I'm not going to hold it against you. It's all good. Yeah. You know, our goal here is to educate, entertain, and inspire the next gen. If you don't want to do that, that's fine. Yeah. I'm just going to judge you a little. Yeah, exactly. No, but then, and when you continue to get bigger, you're going to send that email a couple years down the road. Then they're going to say yes. And you know what you're going to do? You're going to bring up the past email on the pod when they're here, make them a little bit embarrassing. Yeah, exactly. But I think the hard part for me is like, and you'll come to this here soon is like people, you know, then that get bigger than you. And then you try to reach out and still have that relationship. And sometimes they think they're too big for you because of the follower amount. Like, dude, this is like bigger. This is life. Like, let's be real here. Yeah. At the end of the day, we're all human beings. Yeah. And I, I, uh, have learned that over the past 193, 94 episodes now. And it's like, you know, you do this for four years. You realize even the best athletes in the world, the strongest man in the world, like, yo, everyone's dealing with their own stuff. Everyone's got life, family, friends, relationships, sometimes in a good place, sometimes in a bad place. And at the end of the day, if you can't be a good person or you change based on how many followers you have on Instagram or Tik TOK, you got some underlying issues that you got resolved first. And you know what, maybe that's the time that you're going through, but you shouldn't be changing who you are at any point. And if you are, then you're going to struggle creating content for a long term. Yeah. And I think that's true too. Like I know a lot of creators in this space that are, um, are putting on a character. Like sometimes people put on a character that this and that, not in a bad way, but that's just who they are on social, then fancy them in the streets. And they're like, yo, so-and-so, and they're just who they are, not the character. And sometimes for the fan perspective, it's like, Oh, I thought he was this character. Yeah. And I think the thing for us, like one thing I've always been so passionate about is from the start, I knew everything was going to be my name. Because that's who I am. It was never going to be an AKA or a nickname. Like Mitchell Pelkey is who I am through and through, and that'll never change. So I've always wanted that to be who I am. And I think it's kind of cool with you, with the athletes podcast and you're, and you're starting up something that they know about the Stark show. Uh, the 60 seconds Stark show. No, it's not, dude. I love that you just brought that up. This guy remembers, should we do a 60 seconds Stark show right now? Like just hammer it out. Uh, I haven't even crafted all the questions, but okay. Favorite food. Chicken parm. Okay. Uh, favorite drink. Saps. Hey, don't it first time trying them, please reach out. That's amazing. Uh, go to lacrosse gear. STX, the best lacrosse company in the world. Okay. Um, favorite kind of workout. Oh, Ron long run for sure. Favorite exercise, resistance training exercise. Ah, I would just say some dumbbell curls. Kev Pelkey, the ledge would always say curls for the girls. There you go. You got to make sure the biceps are popping. Shout out to Phoenix. Uh, what else? I got about 40 seconds left here. Um, what else you got? What else you got? Uh, I'd say favorite haircut. We already have that. A favorite haircut. The Pelkey special, uh, favorite clothing brand to wear Lulu lemon. Nice. Good take. That's second to Mitchell Pelkey merchandise. Mitchell, pelkey.com shop links and be down below. Can we, uh, get a little AP discount code on there? Yeah. Mitchell 20 at checkout. 20% off. Wow. There you go. That's how we do it. That's how we do it. We got 20 seconds left now. What else you got? Okay. Um, favorite part of school. Ooh, man. Not a big school guy. You had a sports industry major. So interesting. Yeah. Yeah. That was a very interesting, uh, favorite part of school was probably the lacrosse aspect. Nice. What's when somebody asked me what I major and I usually just say men's lacrosse. Okay. Um, go to, what are you doing on a Friday night? On a Friday night? I'm probably watching a documentary. Like Wim Hof. Yeah. Wim Hof something untold series. Jake Paul. We were talking about that. Big bio hacker guy now. Hey. Yeah. Yeah. Yeah. Yeah. Oh, yo, you were a big fan of the untold series with AJ Danbury. Trash. Yes. Yes. Yeah. Previous guest on the pod. Yeah. Shout out. Uh, it's gonna be on the screen now. It's gonna be on the description below. Check out that podcast. That is a, yeah, that was crazy too. The sopranos. The sopranos. And what's last question. What do you got? Um, 60 seconds. Okay. Last question.
How to Live A Fantastic Life
"adsense" Discussed on How to Live A Fantastic Life
"Dr. Alan Laika here and I'd like to welcome you to how to live a fantastic life show where we will be discussing the important aspects of your life. We hope to inspire you to live the best life you can get out of your comfort zone and explore the awesome world around you break through your barriers take inspired action use the difficulties in your life to achieve the best version of you. Ladies and gentlemen today I've got a very special guest his name is Chris Parker a Southern California native he lives just outside of Disneyland and has been connected to technology websites and internet addresses for 25 years. In the year 2000 he launched what is my IP address dot com you know back then this was a very new field but today it's got over 9 million visits a month which is huge. Chris realized that as technologies advanced individuals and businesses were falling victim to scams and cyber crime and I think a lot of people have been scammed in their lives and would like to basically become of it so Chris has developed as a website to help this and a podcast to help this but his story is intriguing and amazing so welcome Chris. Thank you for having me on the show Alan. Thank you so much for being here now tell me how did you get to where you're at now hi tell me your story. So the story starts with working for a company and we need to know the IP address so we could send files to one of our partners back in the early days of the internet back when it was Lycos and AltaVista not Google for searching and we couldn't find an easy way to figure out our IP address and ultimately we figured it out and I thought you know I have an internet connection at home I can go ahead and start up a little website to do that and I did that and over a number of years it grew from just random people visiting to me adding answers to frequently asked questions became a hobby became a site hustle and ultimately it became my full-time job. Wow that is pretty amazing you know here's something that started as a very simple concept but we got to remember back in the early 2000s the internet was very difficult I mean we had dial-on connections back then we had we couldn't get on like we do now so that was a lot of foresight so how did you have the foresight this was going to go someplace. I wish I could say that I had this foresight of the future and I just knew exactly where the internet was going but that was actually not the that was not the case it was just a solution to a problem that I was having I found the solution and I made the solution available to other people which I think is a lot about what the internet has historically been is you know here's information here's solutions here's questions and here's answers and we're just going to make it available to people for free. Yeah and I think that's true and that is largely what people have done but of course when you offer something for free there's other ways to make money off a site as well like there's advertising and things like that that allows you now to turn a site into something that is a money generating site. Yep and that's exactly what I did originally started back using Google AdSense when they it's been a fun journey of learning how to monetize a site and learning that people coming and looking for IP addresses aren't necessarily looking to buy stuff in the moment but over the years and as people have become more interested in privacy and security there's all sorts of privacy and security products that we can recommend to people and we get a little bit of commission when people buy that and it's great because then I don't have to charge for the site. Yeah that is huge and the big thing you started to realize is privacy, security and scamming is a whole business unto itself because there's so much of problems with that going on. Yeah I mean I think a lot of us think of scammers as some guy sitting in their mom's basement in a hoodie trying to take advantage of people and really in the last couple of years it has become crime syndicates and big business not big business in the sense of that we think here in the United States but there are countries where they have set up call centers where there's a hundred people employed carrying out scams against people and while we think of that as like oh my gosh they're taking advantage of people I think they're looking at more of like I'm providing my family food but it's become business they have performance improvement programs when the scammer isn't bringing in enough money they've got the supervisors listening in on the calls and coaching them in the way that maybe a call center here in the US would do that when they're selling computers. You know that's so scary of how they've turned that into a big business on something that's so nasty and so takes advantage of people's it just is a terribly nasty thing to me Chris. Yeah and it all starts with exploiting a lot of it just starts with exploiting our brains whether they're calling us texting us emailing us or in the old days sending us a fax they're working to exploit the mechanics of our brain by using the urgency emotional triggers authority to circumvent our normal red flags that we would put up and that gets us to in a state of like oh I need to take care of this right now and we pull out our credit cards we log into our bank accounts and we give people things that we wouldn't normally give them. Yeah you know it's and it comes surreptitiously you know when I used to be a doctor in my office I had staff that used to do a lot of the banking for me and a lot of the things with that and one day we couldn't get into our account properly and another page came up and so my staff member that was doing this thought this was strange so she went to the bank and the bank said oh that's okay just put your information in there and sure enough 20 minutes later money started going from my account. Now we had to raise Cain and argue with the bank and so on about getting our money and finally it had to go to the highest echelons before they reimbursed us for this but it was it was terrible because even the bank was sucked in by it. Yeah the good thing is banks have definitely gotten much better about it. A good story I have is that my wife is from Singapore and as with a lot of the eastern culture customers to send money to parents and family members for holidays and whatnot and the local bank that I work with didn't do international transfers and so I went down to my local big bank that would do international transfers, deposited some money, waited a couple days for it clear, then set up a wire transfer to a family in Singapore and the next day I got a phone call from the bank saying hey we noticed you just set up a bank account and just started sending money to someone overseas. How do you know this person? I'm like oh it's my wife's family. Well have you met them? Like why are you sending the money? Are you sure it's the right account? I was kind of annoyed with the process but at the same time I was delighted the bank was actually watching out for people and rather than just saying you want to send money go ahead and send it, they're actually starting to act in the interest of consumers and call and ask questions which is a really good thing to do when you think you're part of a scam, ask questions. Well that's huge and I think people have to realize that sometimes people come up with these barriers to getting things done but it's in your best interest because scams are terribly common. Once I was talking to one of the people on my credit card and they said one out of four transactions is a scam transaction. That was scary. Now I'm sure it's improved since that time because they put more protections on credit cards and things like that but could you imagine trying to do business when one out of four is a scam? That's why they charge such high fees to everybody I guess. It's horrible to think that there's so much scams going on and the unfortunate thing is the day that we're recording is there's one set of scams and even if this episode airs a week later there's a whole new set of scams that have come out that are different. Yeah exactly and it's scary. I mean all of us have seen the African scams of somebody writing you and they want to move money from one account to another and they need you to help them. I think the biggest problem there is you have to question why they're asking you if they've got this huge amount of money. They certainly shouldn't be randomly reaching out to you or you have this long lost uncle over in Europe that is wanting to give you money and stuff like that. Why is he giving me money? Doesn't he have any family there? They've heard great things about you online and know that you have noble character. There's a playing to your ego. You look at a lot of the things. The first tip-off I think is they're spelling mistakes in a lot of these and that to me is always a big tip-off or it's bad English or the person's located in Nigeria. Those are big tip-offs to me. The interesting thing is that I've heard from people that have done some research on this they have found that in some cases the scammers are intentionally using bad English and you and I would sit there and go why in the world would they be doing that? That just makes them easier to identify. The whole point is that you and I look at it and we see the bad English and we are immediately gonna not fall for it. If we ended up getting on the phone with the person and starting to communicate we would probably figure it out pretty quick that oh this is a scam and they've now wasted their time dealing with you and I. They're trying to get people that are looking beyond the spelling, not thinking about it, not being critical. The people that are essentially letting themselves be more vulnerable and that's who they're targeting not you and I. Yeah for sure. I don't know if that's true. I don't know if that's true or not but it's something that I still will always be leery if a person doesn't take the time even to put the proper English together. Yes yes as we should. As we should you know again these programs are everywhere to give you the proper grammar so why shouldn't you be using it you know? Yep but still I mean I've received emails that look that look so much like they came from my bank. The English was perfect, the formatting was perfect, you know everything except without an appropriate account number or without an appropriate name and it was a number of times where it's like oh let me call the bank. I'm never going to click on the email but let me call the bank and they're like no we didn't send you that email and I'm like wow that's a good one. Yeah and in Canada we keep getting these scams that there's that there's this is the police calling because you violated this law or this law or you know you this is the internal revenue service phoning because you violated this law and those you know sometimes I'll get five or six calls a day from phone numbers in around my community or in my community with these things and I can picture how an older person can totally be scammed by this. Yep and again it it triggers back into what we were talking about before there's that urgency of well if you don't take care of this right now you know the cops going to come knocking on your door and take you away and I'm an official of the government so you need to listen to me it's the authority the emotion the urgency and it just pushes us to comply we're wired that way for in society. Yeah I think that's huge that people have to realize that there are things that happen and that a lot of these scams are based on the fact that you have to be very very aware of the situation and you have to be susceptible to it so don't let it happen. Yep it's always one of those things you know when someone is urgent slow them down if they're a legitimate bill collector or it's a legitimate issue they'll slow down and wait with you you know talk to family members get someone else's opinion before you ever give anyone else money. Yeah always ask and and I think people are a little bit leery of asking because they don't want to be embarrassed they don't want to be ashamed by it but I think that's how you you make a lot of headway and you truly keep yourself out of trouble or you be at least become more knowledgeable about things before before you move forward. Yep and there's there's definitely within like the romance scams is when they start building up a relationship they actively work to separate their target from their family and friends they will they'll start saying well you know they they don't want us to be together that they don't understand us they don't have your best interest at heart and they actually work to distance their targets away from their friends and family. Yeah I think that's that's true and as you said the very fact that they could have a room full of people that are listening into the conversation and making sure the supervisor's checking about it is is a scary prospect because that is is the same thing that happens when a timeshare salesman is trying to get you to buy a timeshare. I was just at one of those presentations recently and I do own some timeshares that I love and they wanted me there to upgrade my knowledge on the timeshare well it had nothing to do with upgrading they wanted me to buy more points and so a lot of it came down to knowing where they were going with it before I even signed on the line because you know first you say no to one and then another person comes in you have to say no to another person and then another person comes in and you got to say no to the third person. I mean they try to wear you down with all this until you finally say yes. Yep and I don't want to say that necessarily that timeshares are a scam but like the techniques the scammers use they're the same techniques that that are used in sales they're just used to so much of a degree more than sales organizations would use. Yeah I think that's true and I think people have to realize that we're all susceptible under the right or wrong circumstances for that to happen. For example if you're stressed you're going to let things happen if you're doing things quickly things are going to happen so you have to realize that you're you can be more susceptible and remember if somebody is offering you a true value something they'll wait for you to come on they they're not going to insist that you buy yesterday you know. Yeah one of the stories that I've heard that kind of agrees with that point is that it used to be that con men would look through the obituaries to find people who had a relative who just died knowing that they're an emotionally fragile state and they would go after them with their con knowing that well they're already they've got so much going on their emotions are already so spent they've got a way in where they can take advantage of someone. Not so much these days but they're pretty evil in a sense. You know and it's true I remember one of those scams was when somebody just passed away back in the 20s somebody I forget the name of the movie but the the person would come up and say oh your husband ordered this bible for you and it had your your name in it and you need all you have to do is pay here you know and and you know totally a scam but you know based on people's emotions and guilt. Yep and also that like well I want oh gosh there's this positive memory my my loved one was doing this for me how could I not pay for it? Yeah and and that's where the scam comes in because you're willing to accept that you're willing to accept that would happen and I know the movie was called Nickelodeon by the way so interesting concept and interesting times. Definitely not a kid's show. Definitely not a kid's show. So so Chris this show is called How to Live a Fantastic Life Show. How do you um let's put it this way how do you live a fantastic life in view of the fact that there's so many scams going on out there? I think part of it is you know doing the podcast that I do that you know I've been in business my company makes enough money that I can afford to run a podcast and educate people on my own dime and trying to think about other people. From a Christian perspective you know one of the things that I've wrestled with in my business is praying for my business to do better. I always kind of felt like oh that just that just doesn't feel right you know praying praying for my business to be more profitable yeah I want to help people okay and so my wife and I talked about it and we we started we kind of changed the paradigm in the sense that hey we want to give to we want to give a set amount of money to charity and in order to do that we need to pray for the business to be profitable in order that we can help other people and so I think for me that's been kind of one of my that perspective has been kind of one of my guiding lights is is looking at you know part of what makes me happy and what helps me to have a wonderful life an amazing life is giving to other people and helping people around me. I know that I've you know whether it's the resources that I've earned that I can give back or it's the knowledge that I've learned about scams that I can help that can share with people and give back to me that has really that helps you know helps me sleep at night helps me to enjoy what I do when I feel like it has an impact more than just for myself. That's huge now here is the flip side of that question you know we've got a lot of listeners out there and they are wondering how they can have a fantastic life in view of the fact there's so many scams out there. I think it ties back to that like we don't want to live our lives paranoid we don't want to be afraid that every knock on the door is some bad person every phone call from a number that we don't know is someone trying to steal money from us I think it's just a matter of being aware that those things are out there slowing down and you know not getting flustered when things happen you know we don't have to there's no social contract saying that when your phone rings that you have to answer the phone and have a conversation with it if it's something important they're gonna leave a message same thing with someone showing up at your door you know there's we don't we don't we've created a lot of social contracts that make us feel obligated we don't need to be obligated to those things I think we want to take care of people we want to be around our friends and family and I think that's part of it is just not not letting ourselves get caught up in the scams.
How to Live A Fantastic Life
A highlight from 220: Dont Get Caught up in Scams
"Dr. Alan Laika here and I'd like to welcome you to how to live a fantastic life show where we will be discussing the important aspects of your life. We hope to inspire you to live the best life you can get out of your comfort zone and explore the awesome world around you break through your barriers take inspired action use the difficulties in your life to achieve the best version of you. Ladies and gentlemen today I've got a very special guest his name is Chris Parker a Southern California native he lives just outside of Disneyland and has been connected to technology websites and internet addresses for 25 years. In the year 2000 he launched what is my IP address dot com you know back then this was a very new field but today it's got over 9 million visits a month which is huge. Chris realized that as technologies advanced individuals and businesses were falling victim to scams and cyber crime and I think a lot of people have been scammed in their lives and would like to basically become of it so Chris has developed as a website to help this and a podcast to help this but his story is intriguing and amazing so welcome Chris. Thank you for having me on the show Alan. Thank you so much for being here now tell me how did you get to where you're at now hi tell me your story. So the story starts with working for a company and we need to know the IP address so we could send files to one of our partners back in the early days of the internet back when it was Lycos and AltaVista not Google for searching and we couldn't find an easy way to figure out our IP address and ultimately we figured it out and I thought you know I have an internet connection at home I can go ahead and start up a little website to do that and I did that and over a number of years it grew from just random people visiting to me adding answers to frequently asked questions became a hobby became a site hustle and ultimately it became my full -time job. Wow that is pretty amazing you know here's something that started as a very simple concept but we got to remember back in the early 2000s the internet was very difficult I mean we had dial -on connections back then we had we couldn't get on like we do now so that was a lot of foresight so how did you have the foresight this was going to go someplace. I wish I could say that I had this foresight of the future and I just knew exactly where the internet was going but that was actually not the that was not the case it was just a solution to a problem that I was having I found the solution and I made the solution available to other people which I think is a lot about what the internet has historically been is you know here's information here's solutions here's questions and here's answers and we're just going to make it available to people for free. Yeah and I think that's true and that is largely what people have done but of course when you offer something for free there's other ways to make money off a site as well like there's advertising and things like that that allows you now to turn a site into something that is a money generating site. Yep and that's exactly what I did originally started back using Google AdSense when they it's been a fun journey of learning how to monetize a site and learning that people coming and looking for IP addresses aren't necessarily looking to buy stuff in the moment but over the years and as people have become more interested in privacy and security there's all sorts of privacy and security products that we can recommend to people and we get a little bit of commission when people buy that and it's great because then I don't have to charge for the site. Yeah that is huge and the big thing you started to realize is privacy, security and scamming is a whole business unto itself because there's so much of problems with that going on. Yeah I mean I think a lot of us think of scammers as some guy sitting in their mom's basement in a hoodie trying to take advantage of people and really in the last couple of years it has become crime syndicates and big business not big business in the sense of that we think here in the United States but there are countries where they have set up call centers where there's a hundred people employed carrying out scams against people and while we think of that as like oh my gosh they're taking advantage of people I think they're looking at more of like I'm providing my family food but it's become business they have performance improvement programs when the scammer isn't bringing in enough money they've got the supervisors listening in on the calls and coaching them in the way that maybe a call center here in the US would do that when they're selling computers. You know that's so scary of how they've turned that into a big business on something that's so nasty and so takes advantage of people's it just is a terribly nasty thing to me Chris. Yeah and it all starts with exploiting a lot of it just starts with exploiting our brains whether they're calling us texting us emailing us or in the old days sending us a fax they're working to exploit the mechanics of our brain by using the urgency emotional triggers authority to our circumvent normal red flags that we would put up and that gets us to in a state of like oh I need to take care of this right now and we pull out our credit cards we log into our bank accounts and we give people things that we wouldn't normally give them. Yeah you know it's and it comes surreptitiously you know when I used to be a doctor in my office I had staff that used to do a lot of the banking for me and a lot of the things with that and one day we couldn't get into our account properly and another page came up and so my staff member that was doing this thought this was strange so she went to the bank and the bank said oh that's okay just put your information in there and sure enough 20 minutes later money started going from my account. Now we had to raise Cain and argue with the bank and so on about getting our money and finally it had to go to the highest echelons before they reimbursed us for this but it was it was terrible because even the bank was sucked in by it. Yeah the good thing is banks have definitely gotten much better about it. A good story I have is that my wife is from Singapore and as with a lot of the eastern culture customers to send money to parents and family members for holidays and whatnot and the local bank that I work with didn't do international transfers and so I went down to my local big bank that would do international transfers, deposited some money, waited a couple days for it clear, then set up a wire transfer to a family in Singapore and the next day I got a phone call from the bank saying hey we noticed you just set up a bank account and just started sending money to someone overseas. How do you know this person? I'm like oh it's my wife's family. Well have you met them? Like why are you sending the money? Are you sure it's the right account? I was kind of annoyed with the process but at the same time I was delighted the bank was actually watching out for people and rather than just saying you want to send money go ahead and send it, they're actually starting to act in the interest of consumers and call and ask questions which is a really good thing to do when you think you're part of a scam, ask questions. Well that's huge and I think people have to realize that sometimes people come up with these barriers to getting things done but it's in your best interest because scams are terribly common. Once I was talking to one of the people on my credit card and they said one out of four transactions is a scam transaction. That was scary. Now I'm sure it's improved since that time because they put more protections on credit cards and things like that but could you imagine trying to do business when one out of four is a scam? That's why they charge such high fees to everybody I guess. It's horrible to think that there's so much scams going on and the unfortunate thing is the day that we're recording is there's one set of scams and even if this episode airs a week later there's a whole new set of scams that have come out that are different. Yeah exactly and it's scary. I mean all of us have seen the African scams of somebody writing you and they want to move money from one account to another and they need you to help them. I think the biggest problem there is you have to question why they're asking you if they've got this huge amount of money. They certainly shouldn't be randomly reaching out to you or you have this long lost uncle over in Europe that is wanting to give you money and stuff like that. Why is he giving me money? Doesn't he have any family there? They've heard great things about you online and know that you have noble character. There's a playing to your ego. You look at a lot of the things. The first tip -off I think is they're spelling mistakes in a lot of these and that to me is always a big tip -off or it's bad English or the person's located in Nigeria. Those are big tip -offs to me. The interesting thing is that I've heard from people that have done some research on this they have found that in some cases the scammers are intentionally bad using English and you and I would sit there and go why in the world would they be doing that? That just makes them easier to identify. The whole point is that you and I look at it and we see the bad English and we are immediately gonna not fall for it. If we ended up getting on the phone with the person and starting to communicate we would probably figure it out pretty quick that oh this is a scam and they've now wasted their time dealing with you and I. They're trying to get people that are looking beyond the spelling, not thinking about it, not being critical. The people that are essentially letting themselves be more vulnerable and that's who they're targeting not you and I. Yeah for sure. I don't know if that's true. I don't know if that's true or not but it's something that I still will always be leery if a person doesn't take the time even to put the proper English together. Yes yes as we should. As we should you know again these programs are everywhere to give you the proper grammar so why shouldn't you be using it you know? Yep but still I mean I've received emails that look that look so much like they came from my bank. The English was perfect, the formatting was perfect, you know everything except without an appropriate account number or without an appropriate name and it was a number of times where it's like oh let me call the bank. I'm never going to click on the email but let me call the bank and they're like no we didn't send you that email and I'm like wow that's a good one. Yeah and in Canada we keep getting these scams that there's that there's this is the police calling because you violated this law or this law or you know you this is the internal revenue service phoning because you violated this law and those you know sometimes I'll get five or six calls a day from phone numbers in around my community or in my community with these things and I can picture how an older person can totally be scammed by this. Yep and again it it triggers back into what we were talking about before there's that urgency of well if you don't take care of this right now you know the cops going to come knocking on your door and take you away and I'm an official of the government so you need to listen to me it's the authority the emotion the urgency and it just pushes us to comply we're wired that way for in society. Yeah I think that's huge that people have to realize that there are things that happen and that a lot of these scams are based on the fact that you have to be very very of aware the situation and you have to be susceptible to it so don't let it happen. Yep it's always one of those things you know when someone is urgent slow them down if they're a legitimate bill collector or it's a legitimate issue they'll slow down and wait with you you know talk to family members get someone else's opinion before you ever give anyone else money. Yeah ask always and and I think people are a little bit leery of asking because they don't want to be embarrassed they don't want to be ashamed by it but I think that's how you you make a lot of headway and you truly keep yourself out of trouble or you be at least become more knowledgeable about things before before you move forward. Yep and there's there's definitely within like the romance scams is when they start building up a relationship they actively work to separate their target from their family and friends they will they'll start saying well you know they they don't want us to be together that they don't understand us they don't have your best interest at heart and they actually work to distance their targets away from their friends and family. Yeah I think that's that's true and as you said the very fact that they could have a room full of people that are listening into the conversation and making sure the supervisor's checking about it is is a scary prospect because that is is the same thing that happens when a timeshare salesman is trying to get you to buy a timeshare. I was just at one of those presentations recently and I do own some timeshares that I love and they wanted me there to upgrade my knowledge on the timeshare well it had nothing to do with upgrading they wanted me to buy more points and so a lot of it came down to knowing where they were going with it before I even signed on the line because you know first you say no to one and then another person comes in you have to say no to another person and then another person comes in and you got to say no to the third person. I mean they try to wear you down with all this until you finally say yes. Yep and I don't want to say that necessarily that timeshares are a scam but like the techniques the scammers use they're the same techniques that that are used in sales they're just used to so much of a degree more than sales organizations would use. Yeah I think that's true and I think people have to realize that we're all susceptible under the right or wrong circumstances for that to happen. For example if you're stressed you're going to let things happen if you're doing things quickly things are going to happen so you have to realize that you're you can be more susceptible and remember if somebody is offering you a true value something they'll wait for you to come on they they're not going to insist that you buy yesterday you know. Yeah one of the stories that I've heard that kind of agrees with that point is that it used to be that con men would look through the obituaries to find people who had a relative who just died knowing that they're an emotionally fragile state and they would go after them with their con knowing that well they're already they've got so much going on their emotions are already so spent they've got a way in where they can take advantage of someone. Not so much these days but they're pretty evil in a sense. You know and it's true I remember one of those scams was when somebody just passed away back in the 20s somebody I forget the name of the movie but the the person would come up and say oh your husband ordered this bible for you and it had your your name in it and you need all you have to do is pay here you know and and you know totally a scam but you know based on people's emotions and guilt. Yep and also that like well I want oh gosh there's this positive memory my my loved one was doing this for me how could I not pay for it? Yeah and and that's where the scam comes in because you're willing to accept that you're willing to accept that would happen and I know the movie was called Nickelodeon by the way so interesting concept and interesting times. Definitely not a kid's show. Definitely not a kid's show. So so Chris this show is called How to Live a Fantastic Life Show. How do you um let's put it this way how do you live a fantastic life in view of the fact that there's so many scams going on out there? I think part of it is you know doing the podcast that I do that you know I've been in business my company makes enough money that I can afford to run a podcast and educate people on my own dime and trying to think about other people. From a Christian perspective you know one of the things that wrestled I've with in my business is praying for my business to do better. I always kind of felt like oh that just that just doesn't feel right you know praying praying for my business to be more profitable yeah I want to help people okay and so my wife and I talked about it and we we started we kind of changed the paradigm in the sense that hey we want to give to we want to give a set amount of money to charity and in order to do that we need to pray for the business to be profitable in order that we can help other people and so I think for me that's been kind of one of my that perspective has been kind of one of my guiding lights is is looking at you know part of what makes me happy and what helps me to have a wonderful life an amazing life is giving to other people and helping people around me. I know that I've you know whether it's the resources that I've earned that I can give back or it's the knowledge that I've learned about scams that I can help that can share with people and give back to me that has really that helps you know helps me sleep at night helps me to enjoy what I do when I feel like it has an impact more than just for myself. That's huge now here is the flip side of that question you know we've got a lot of listeners out there and they are wondering how they can have a fantastic life in view of the fact there's so many scams out there. I think it ties back to that like we don't want to live our lives paranoid we don't want to be afraid that every knock on the door is some bad person every phone call from a number that we don't know is someone trying to steal money from us I think it's just a matter of being aware that those things are out there slowing down and you know not getting flustered when things happen you know we don't have to there's no social contract saying that when your phone rings that you have to answer the phone and have a conversation with it if it's something important they're gonna leave a message same thing with someone showing up at your door you know there's we don't we don't we've created a lot of social contracts that make us feel obligated we don't need to be obligated to those things I think we want to take care of people we want to be around our friends and family and I think that's part of it is just not not letting ourselves get caught up in the scams.
SI Media Podcast
"adsense" Discussed on SI Media Podcast
"So I think ESPN and Game Day certainly opened my eyes about what a network can do and how it can help. But it didn't kind of sway me if that makes sense. Although I love that I'm with ESPN full time. I'm not going to ask you again like who the other offers were from, but did you have one of the other four offers? Was one of them pretty enticing where you had to really decide between that offer and ESPN? Whereas I would assume, let's say Peacock makes you an offer. I'm assuming they want to put you on Big Ten coverage or something like football. Or if CBS is making you offer, I would assume all these places wanted to put you in other places other than your daily three hour show. Am I correct in that one? Yeah. Every platform has their own entities and properties that they are trying to build up. We're in the streaming era where everybody wants to build attention for whatever they are investing in. Because obviously the people that are investing these things want these to succeed. So how do we amplify these properties that we are investing in? So every place that we want to was looking for us to hopefully boost all their properties. Now, some places that we were talking to don't have many yet, but they are looking to get heavily into things. And it's like, when's that going to be? You got to start judging that out. You got to start judging out like if we go to some places, will that take away growth opportunity with our YouTube community that I fucking love? I love our YouTube community. I love what YouTube is. Just like I like you can profit off it. It feels like if you genuinely put into it, you'll get some stuff out of it. Like that's been our entire show has just been a YouTube show and we have no connection to Google at all. Like we just get a paycheck from them every single month from the Google AdSense. We really talked to nobody over there.
Techmeme Ride Home
"adsense" Discussed on Techmeme Ride Home
"Fuel could then be used for boats, tractors, and other diesel -powered equipment in those communities. Collaborating together, putting in the work, and developing solutions leads to a better world. Believe it! Find out more about how Oregon State is making a difference at OregonState .edu. Believe it! Again, that's OregonState .edu slash believe -it. OregonState .edu slash believe it. Levy was also years ahead of mainstream commerce players in another way. Early on, he could plainly see that simple banner ads did not convert very well on a straight, per -click basis. Thus, he refined his methods early on, on his own. In 1996, he developed one of the first web analytics tools, XXXCounter, to help webmasters better count unique visitors versus merely raw clicks. The insights this gave him encouraged Levy to stop paying on a cost -per -impression or CPM basis. The numbers simply didn't add up. It might be fine for a brand advertiser like Procter & Gamble to pay for every eyeball it got, but to a porn entrepreneur like Levy, it only made sense to pay for results. Thus, by 1997, Levy had moved first to pay -per -click and eventually to pay -per -action, thus only paying an affiliate a bounty if a user actually signed up for a site membership. Pay -per -click, PPC, and pay -per -acquisition, PPA, would not be adopted by the mainstream advertising industry until the early 2000s, after the dot -com bust had proven banner ads didn't work, and only after Google's AdWords and AdSense program proved that this sort of advertising could be more profitable for both advertisers and publishers if done correctly. But it's basically the standard model of advertising on the web today. Levy is also credited by the porn industry for developing modern live video feeds as early as May of 1997, and this points to another way that porn powered technological advancements on the web. Obviously, video was sort of a holy grail for pornographers on the internet, but as we've seen with our discussion with Rob Glazer and our examination of real networks, providing even minimal quality streaming video was a difficult technical proposition in the age of dial -up. Porn sites were eager adopters of video codecs and plugins from the likes of Real Networks and Microsoft's Windows Media Player, but again, the porn sites wanted to eliminate friction for users, and of course, downloading and using plugins was not ideal. An early pioneer of video streaming was actually the Dutch porn company Red Light District again, mentioned previously, which developed a simple compressed video streaming system of its own as early as 1994. Around that same time, porn entrepreneur Danny Ash of Danny's Hard Drive fame developed her own video product called DannyVision. Other industry homegrown solutions eventually allowed heavily compressed but easily downloadable porn videos to play directly on webpages, no plugins required. Even on 28K modems, these videos allowed users to start and stop at their convenience with the ability to skip back and forth in the playable timeline. And the porn industry produced this technology in the mid -90s again. It wouldn't be until the year 2000 or so that Hollywood even began its own attempts to market videos via web delivery. By that time, tens of thousands of full -length adult titles were already available on the web. Another area where porn sites were emphatically ahead of the technology curve was in the realm of video conferencing. As mentioned previously, a lot of the early web pornographers came from the phone sex industry, where the business model entailed connecting a user to a performer who would talk dirty by the minute. Clearly, this same business model could translate quite
Digiday Podcast
"adsense" Discussed on Digiday Podcast
"TikTok, I honestly have not been on the app in a couple months now as like a mental health break. But when I was on there, anytime I did want to buy something, it was kind of like, trying to get there through the app or I just end up leaving and going to Google and looking it up myself. And you're right. There is a lot of dropped off conversions at that point. So I guess I was one of the questions was really just like how affiliate plays into your personal ability to monetize your content. Do you have some success or their platforms that I think YouTube maybe was for some people a little bit easier because you could just put the links in your description, but when it comes to affiliate at this point, is it such a small piece of the money that you're able to make in any given month or has it gotten any better? So YouTube is actually doing it the best and they're doing this new program as well for their shorts where you can link the products and they'll pop up as little icons on the side of the video and it's interesting. Anytime someone clicks on that link, you get commission and that's added into your AdSense. And it's amazing. And I don't understand why other platforms can't do it. And that's really the best way, but I do have, I have an LTA that I'm building out right now. And I have a shot my shelf, and I have an Amazon storefront, and those all live in my link in bio. And occasionally, you know, when I do a story post about something I like, I'll drop the link there. But like you were saying, it's just a small piece of the pie for me and I know myself and a lot of other creators. Just because it's not super authentic to me to continue to beg my audience to use my links. I'm not going to spend my energy in my time doing that. I'd rather spend my energy in my time creating more content than being like, please remember to use my discount code. In bio, or any time somebody asks me, what
WTOP
"adsense" Discussed on WTOP
"23. Churchill downs has suspended racehorse trainer safi Joseph junior and a horse trained by him, lord miles, has been scratched from tomorrow's Kentucky Derby. A total of four horses have died at Churchill downs, leading up to Kentucky Derby one 49 Saturday. Of those only one take charge Breonna came during a turf race. In training, two from trainer selfie Joseph junior's barn, parents pride in chasing Artie and wild on ice, a week ago, were euthanized. Each horse was transported to the university of Kentucky, veterinarian diagnostics lab. That is reporter Ed peak. Senator dianne Feinstein says she will return to the Senate after a long AdSense, but she's not saying when. The California Democrat has missed dozens of votes in the Senate since February because she's recovering from shingles. Some fellow Democrats have called for her to resign, arguing, her absence from the Senate Judiciary Committee has made it harder to confirm judicial nominees. In a statement Feinstein says the committee has advanced 8 strong nominees in her absence, and she's confident more will be quickly moved out of committee when she returns. At 89, Feinstein is the oldest member of Congress she announced earlier this year that she will not seek reelection next year. And now the ace is an entertainment report with Jason fraley, brought to you by MGM national harbor. In 2014, Guardians of the Galaxy became a surprise smash for marvel today, Guardians of the Galaxy volume three opens in theaters, nationwide. Chris Pratt's star lord reunites with Dave Bautista's drags, Vin Diesel's groot and Bradley Cooper's rocket whose past comes into play. When no matter what happens next
THE EMBC NETWORK
"adsense" Discussed on THE EMBC NETWORK
"Hello everyone, hurricane H here, president and founder of the EMB machine network featuring the eye health channel in I help ready. As well as many other channels. And I want to welcome you as podcasters, DJs, authors, and video creators to your network. Yes, you heard it right. Your worldwide network and additional directory to promote your content. Whether you are a new contact creator, due to podcasts, just starting or pro. Why not make the NBC network your directory? We are your one stop shop, audio, visual feed to the world, and you can increase your reach with us. You are on YouTube, Spotify, iTunes, and you know that the more you work is promoted out there, the more reach and results you will get. Also, you know, a director is just list your content, but not promote it. We are different. Because only with list, your content, you also promoted for you. There are no gimmicks. If you find yourself caught up posting and uploading to multiple platforms, one at a time, because the broadcast is adding up. And we know it adds up. Purchasing podcast platforms cost really adds up. As you may pay for each platform a month or two, just AdSense alone costs a lot. When you list on the NBC network, your content will be on all the major directories and this does not conflict with your card listings as we are just additional network. Tries for free. There's an obligation, just a win win. Check us out now. WW, EEM to see TV network slash creators, directory. When you're about to try.
How to Be a Better Human
"adsense" Discussed on How to Be a Better Human
"At some point, you've got to listen challenge, commit. But having that respectful disagreement is what's going to save your relationship. I'm curious, what are some of the most meaningful pieces of feedback that you have received? All right, here's my favorite feedback story. So this happened shortly after I joined Google. And I had to give a presentation to the founders and the CEO about how the AdSense business was doing. So probably, just like you in such a situation, I felt a little bit nervous. Luckily for me, the AdSense business was on fire, and when I said how many new customers we had added, the CEO almost fell off his chair. What did you say? This is incredible. Do you need more marketing dollars? Do you need more engineering resources? So I'm feeling like the meetings going all right. In fact, I now believe that I am a genius, and I walk down to the room. I walk past my boss. And I'm expecting a high 5, a pat on the back, and instead she says to me, why don't you walk back to my office with me? And I thought, oh, wow. I messed something up in there. And I'm sure I'm about to hear about it. And she began, not by telling me what I had done wrong, but what had gone well in the meeting. But of course, all I wanted to hear about was what I had done wrong. And eventually, she said to me, you said I'm a lot in there. Were you aware of it? I kind of breathed a huge sigh of relief, and I made this brush off gesture with my hand. I said, yeah, no, it's a verbal tick. It's no big deal, really. And then she said, I know this great speech coach. I bet Google would pay for it. Would you like an introduction? And once again, I made this brush off gesture with my hand. And I said, no, I am busy. Didn't you hear about all these new customers? I don't have time for a speech coach. And then she stopped. She looked me right in the eye, and she said, I can tell when you do that thing with your hand. I'm going to have to be a lot more direct with you. When you say every third word, it makes you sound stupid. Now, she's got my full attention. And some people will say it was mean of her to say that I sounded stupid. And it's important to note that she never would have used those words with other people on her team. But she knew me well enough to know that if she didn't use just those words, she wasn't going to get through to me. And in fact, if she hadn't used those words, I never would have gone to visit the speech coach. And I wouldn't have learned that she was not exaggerating. I literally said every third word. And this was news to me because I had been giving presentations my whole career. I had raised money for three different startups, giving presentations. I thought I was pretty good at it. And that was what really got me to thinking, you know, first of all, why had no one told me it was almost like, I had been marching through my whole career with a giant hunger spinach in between my teeth. And nobody had had the common courtesy to tell me it was there. But what was it about her and her management style that made it so seemingly easy for her to tell me. And that was kind of where I came up with care personally and challenged directly. So that
Mint | Where Crypto Meets Creators
"adsense" Discussed on Mint | Where Crypto Meets Creators
"That I'm just being treated like a toddler. And he's determined to make me not look away. And it makes it really, really hard to enjoy them. And that's just attention tactics and building a audience taken to the maximum level. So this idea of monetizing your audience. I mean, it's fair enough you're building a business, you're doing all these kind of things, but it becomes such a cost. And it feels unwholesome. There are like these influences called Andre J can Graham Stephan, and I was in the similar space doing DeFi. And I used to see them talk about Bitcoin, spouting up utter rubbish, about this space and what it was about, and I used to call them out on it, but these guys have built massive audiences there, CPM, cost per milli to advertise on them, is massive, because they're influencers. So a credit card company will pay a lot for another on their channel to reach their audience. Just like, this is the horseshit. I think they Graham Stephan's probably only like 7, 8 million a year. On AdSense and deals that he makes, she's just hate it. So my third pillar is what I call share the spoils. So I was like, yeah, build an audience, monetize that audience. That's the game. Okay, well, what can we do to share those spoils with our community? Like NFTs are not the perfect solution to that, but they open up a dialog with your community in a way that will start to make that possible. And there's this concept of the full-time fan that I'm really excited about, which is if someone really loves your content and they're willing to go to bat for you, like share it, spread the word, maybe contribute ideas, then that could be considered a job. And if it's a job, then they get paid for it. Isn't that weird? Like web three goes, no, that's not weird. We can do that. And then they spit out a token and you go, but I don't want to token. I don't want to talk because Gary gensler will cut off my balls if I have a token. So what's the option? The answer is we don't know at this point. There is no regulatory clarity, and that's the problem. So until we have that, we won't know how to do a sensible token model for this. So we have to figure out other ways of doing it. And one of the things that we looked at before we even launched was creating a wallet that we had no control over, giving it to a Dow. And all the AdSense revenue, all the click based revenue that we've made, because that's what AdSense revenue is and you can call it whatever you want, but it's that. It's performance related pay. And it should be a bonus to everything else you're doing. We're just like, well, convert that to USD C, give it to this wallet, walk away. But we can't do that. As simple as that may sound, it just ends up then being a sales pitch for a product based on the work that you do and not the work that someone else does.
TuneInPOC
"adsense" Discussed on TuneInPOC
"Never okay well, but also one year you know I bless that happy birthday from antidote in Dona to my lovely daughter. The sea of conscious collection in a crowd my color shopping mall. As she celebrates her birthday today, made a good lord bless her and answer all his secret prayers. We are caught from court Eddie. After my country collections, our cry. More. Not on your case. Happy birthday to banner. Of insha FM. Bro, may God bless and keep you out of trouble. If we own and change and on the other side, we need to. Happy birthday to miss Angela. And health information officer a job in government hospital. And I remember jumping triumphant youth and father to a new life band a job in college. My God continue to bless and keep you in his love from reverend Farrah to an also Adobe Abraham Angela. Happy birthday to my beautiful needs. Fidelia a German. A student at a young school. Of all mighty Allah. Look at you. From uncle Desmond and the entire family at colonel watching you the very, very best glorious blatant bad day to Assam. That's again two four. Nana's bad day was last Saturday. From the second three, so palace office of AdSense signing him. And I know that and I know who I would die. A glorious bad day to us. A son to Juliet, a class four madam art sent and cucumber Emma basic school. I wish you a lovely day, not just today because it is your bed day. But all year round, may you always wake up in the morning with a smile on your face. Happy birthday to you from, say, Nelson. Happy birthday to my lovely lady, a good chance. More blessings from God from Eric adjoin Pardo estate. Belated bed there too, Francis Hamilton, of mold, gold, preparatory school, from your mom, Hannah. Or we are saying is that may your dreams to be a soldier come through in Jesus name. Kindly wish my sweetheart, Sara, from jochum in the western art region. I wish a happy birthday. I want to tell her I love her so so much from justice. And Sarah, happy bev day. Happy birthday to Chris from your father. If you have come from here in kumasi. Happy birthday to Lauren. Inside a scientific a philanthropist. All mighty God richly bless you for your humanity and selflessness from sensational Mourinho and your family inside a jamun laurentia. Now on show. Now I like your smile. Black woman, good morning. Happy birthday to my senior officer. Mister IPK and coma. Who works at GES offensive on his 59th bad day. All I can say is long life be your portion from winifred at dynamic in shao pai. From Evans ending to was a happy Gloria's bed there to my dearest sister. Christopher poku of 88 school of Washington blessings to the family. Please get tea. Help me wish my son papa could not do your boy. Happy birthday. He's 7 years today. God bless him with long life prosperity and good health. May he be favored with love from mister and my sister be of suffer earwax. And if we are the better to my daughter, Beatrice, we have okay. She's 5 years today. Made a good lord bless said to become a responsible lady in future. From your dad and his dog are suffer assemblyman and family will love you so much. Hello, Brown Kwame. Kindly wish my son, happy birthday for me. His name is Desmond. His schools at asante Mancini high school. This one is coming from his father. I see a dude. And. So I talked to another from to where we plan to see. WWE. SMP.
TuneInPOC
"adsense" Discussed on TuneInPOC
"Never okay well, but also one year you know I bless that happy birthday from antidote in Dona to my lovely daughter. The sea of conscious collection in a crowd my color shopping mall. As she celebrates her birthday today, made a good lord bless her and answer all his secret prayers. We are caught from court Eddie. After my country collections, our cry. More. Not on your case. Happy birthday to banner. Of insha FM. Bro, may God bless and keep you out of trouble. If we own and change and on the other side, we need to. Happy birthday to miss Angela. And health information officer a job in government hospital. And I remember jumping triumphant youth and father to a new life band a job in college. My God continue to bless and keep you in his love from reverend Farrah to an also Adobe Abraham Angela. Happy birthday to my beautiful needs. Fidelia a German. A student at a young school. Of all mighty Allah. Look at you. From uncle Desmond and the entire family at colonel watching you the very, very best glorious blatant bad day to Assam. That's again two four. Nana's bad day was last Saturday. From the second three, so palace office of AdSense signing him. And I know that and I know who I would die. A glorious bad day to us. A son to Juliet, a class four madam art sent and cucumber Emma basic school. I wish you a lovely day, not just today because it is your bed day. But all year round, may you always wake up in the morning with a smile on your face. Happy birthday to you from, say, Nelson. Happy birthday to my lovely lady, a good chance. More blessings from God from Eric adjoin Pardo estate. Belated bed there too, Francis Hamilton, of mold, gold, preparatory school, from your mom, Hannah. Or we are saying is that may your dreams to be a soldier come through in Jesus name. Kindly wish my sweetheart, Sara, from jochum in the western art region. I wish a happy birthday. I want to tell her I love her so so much from justice. And Sarah, happy bev day. Happy birthday to Chris from your father. If you have come from here in kumasi. Happy birthday to Lauren. Inside a scientific a philanthropist. All mighty God richly bless you for your humanity and selflessness from sensational Mourinho and your family inside a jamun laurentia. Now on show. Now I like your smile. Black woman, good morning. Happy birthday to my senior officer. Mister IPK and coma. Who works at GES offensive on his 59th bad day. All I can say is long life be your portion from winifred at dynamic in shao pai. From Evans ending to was a happy Gloria's bed there to my dearest sister. Christopher poku of 88 school of Washington blessings to the family. Please get tea. Help me wish my son papa could not do your boy. Happy birthday. He's 7 years today. God bless him with long life prosperity and good health. May he be favored with love from mister and my sister be of suffer earwax. And if we are the better to my daughter, Beatrice, we have okay. She's 5 years today. Made a good lord bless said to become a responsible lady in future. From your dad and his dog are suffer assemblyman and family will love you so much. Hello, Brown Kwame. Kindly wish my son, happy birthday for me. His name is Desmond. His schools at asante Mancini high school. This one is coming from his father. I see a dude. And. So I talked to another from to where we plan to see. WWE. SMP.
Bloomberg Radio New York
"adsense" Discussed on Bloomberg Radio New York
"The world is listening. When was the moment you discovered that you were meant for the business world? Have you been getting a lot of inquiries from employers? And then you started looking for the best sources of information. Technology is challenging the regulators, doctors to use kind of a virtual reality look. I feel like the world is courting Elon Musk. Which is how you got here. How are other bankers restricted now? Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. Bloomberg, the world is listening. Taking a deep dive now on the creator economy, which has experienced a massive boom over the last several years, along with a slew of platforms like Spotify Instagram and TikTok and the ruler of them all, of course, YouTube. To give you an idea, every minute, at least, at least 500 hours of footage are uploaded to YouTube. Let's break this all down with Roberto Blake, a content creator who also has his own coaching program that helps influencers build their online brands and are very own Mark Bergen, who is out with a new book today called light comment subscribe inside YouTube's chaotic rise to world domination. You can buy it now. Mark and Roberto, thank you so much for joining us. Mark, I'm going to start with you. Can you just start by giving us a sense of how big the creator economy is today and just how much it has grown on all of these different platforms over the last several years. Yeah, there are estimates out there that it's about a 100 billion, which is from zero to 60 within maybe the past 15 years, really. And certainly in the past 5 years, I think that's just exploded as all these platforms have got involved. That mind boggling stat about 50 hours uploaded. The other major stat is that there are now over 2 million craters in YouTube's partner program, which is actually a smaller number than it was before people in the audience remember that YouTube actually cut that number. But they're on 2018, but it's been gradually moving it up and particularly as they're facing new competition from TikTok. Roberto, you were a graphic designer and a freelancer before becoming a YouTube content creator. Why did you make this big job change? And give us a sense of a day in your life. I mean, that's a great question. Emily, for me, a lot of it comes down to the things that are obvious for people is you want more time freedom. You want to be able to talk about and do things you're very passionate about. You want to feel a sense of ownership over the things you're doing. So when you work in for other people, whether it's as a freelancer or if you work at an ad agency, something I used to do, it's great. It's very gratifying, it's very fulfilling, and it's very legitimate in the eyes of your relatives, but when you get to do something of your own and have complete ownership of it, get to build it with your own two hands, you feel directly supported by a community of like minding people, there's nothing like it. Nothing in the world like it. And so I think that's what tracks a lot of people to the creator economy and opportunities like YouTube, podcasting and live streaming. Why are you focused on YouTube in particular and not TikTok or Instagram? Well, I've been with YouTube almost since the very beginning. And YouTube is still the most powerful search engine in the world across all ages and all that demographics. And YouTube has a sense of permanence with its content. YouTube is also the best monetization opportunity for content creators, and as over 8 imp platform monetization streams, I teach content creators, roughly 15 different ways they can monetize primarily using YouTube specifically, but I also do understand and value other platforms. I have a presence in other platforms as well. But I feel that even with the rapid rise of TikTok, I feel that there is nothing like the permanence and longevity that YouTube content create content creation has. And if you talk to TikTokers on a regular basis, which I generally do, you'll find that a lot of them have the intention of pivoting and moving to YouTube at some point in their career because they do want a sense of stability and permanence and they also want the potential for evergreen content to benefit them and be monetizable in the future. They know right now with the TikTok creator fund that while they're getting something in exchange for their content, they know they're disproportionately underpaid for the attention when compared to traditional content on YouTube as well as in the live streaming community. And within YouTube, live stream and podcasting, there are higher opportunities in terms of direct compensation when it comes to sponsored content and brand deals and it's not even close. So for me, that's probably one of the bigger deals. Not even close is one way to put it, Mark, you know, we've talked so much about the threat of TikTok to YouTube, but to reporters point, it is a lot of disconnected content and it is less permanent. How big a threat is TikTok really in your view to YouTube and how is YouTube addressing this threat internally? Yeah, I think it's a viable threat and certainly more so than Instagram, Facebook have tried multiple times to really build out a creator economy and thus far have failed. What TikTok and ByteDance needs to do is to demonstrate Google has a remarkable system as Roberto pointed out both for search. And for modernization in the world's biggest digital advertising company and it's had this machinery in place for years, TikTok clearly has a lot of political problems. And they haven't really got to prove it yet that they can be a threat to YouTube at large scale. So YouTube's response so far is to shorts. This is their feature that short video, they're driving a lot of pushing a lot of viewers there, encouraging creators to go there. They're about to flip the switch on monetization. It's unclear how productive that productive that will be for the company and how they're going to sort out monetization. But if history shows us anything that is at YouTube has a pretty strong track record of sorting this out. And I think responding to the threat of TikTok in a really significant way. Roberto, you're the founder of awesome creator academy, which is a coaching program that helps influencers build their brands online. We had some fun watching your videos earlier today. What trends are you seeing? What are you telling creators today? Advice that might not be obvious. I think the thing that is not obvious to most content creators is their potential. Their overall potential when it comes to their earnings and the fact that there is a compounding effect from their content over a period of time. So what a lot of creators don't do is they rely so much on platform monetization, whether it's TikTok and their creator fund or YouTube and their AdSense partner program and things like that that they don't explore. Other monetization opportunities and they don't think of what they're doing as what I refer to as content as a service. So that's one thing that's not obvious to them is that it's very much almost like a software as a service, which most of us are familiar with. We have these wonderful subscription programs everywhere now that we're all paying for. Well, content creators have an opportunity to use content as a service
Qualicast - Qualidade, Excelência e Gestão
"adsense" Discussed on Qualicast - Qualidade, Excelência e Gestão
"Got a killer said you could have a car seat. So as competent skills on a society, it poison Pokémon dollar lapse competition. We got it all because of the moment. It's all about. The same ticket so I started out there competing. It could get this issue. It's for his children. His first competition was. Because you think he did it to make you told stemis Tony Porter by the acquisition. So he, why did you recognize. Your dad? I saw a plane in a lot to thank. That's Bezos. Becky, thanks to that alcohol. Monte Carlo. As a clinician, preceding chief education. Super proposed today involving winter causing significant to take it down a conscientious. Zimbabwe kill. Need a significant AdSense colleague. It's quite important that this amount. As a genomics amount, the process spreads could just compete against nice and unusual. Process can touch engine. Caramel to value. And service. A chef. Nando's in class. And when he's wrong. He made sound. Do I keep watch for some provocation? I pervade some other colleagues. If I analyze it, reach connoisseurs in Chicago is. 5 analysis. The sales process. Boom. What's anything? It's about a first equality. This is my school ahead. As my research years, you can see the helmet analysis process. We have part of a promo in a sweet place as similar. It's not quite. It's better for seasonal valley. Team players, techniques, it almost starts compared to the sun. They operate. Concert is. So don't pick as far as you just can't think it's okay. Don't change your dynamics. You die. My beautiful little boy. Just so all the yummy. And she got good. Food and put your cash. Seems fucking followed. Is that a message you made? So you followed for some of that is critical. You don't assign a 1.7 9. Los Angeles. Seattle is just good cheating coming along with a common vehicle. It's this in Chicago, even with a conceal on Vicki process, can you do one? This is a television. I don't want to just own jameela and Teresa in Asian she been missing moment to learn for example in Chicago. You can't just process on Thai style. You want to add such a large part of the lino assumption that you have violation. So the competing system. You compete things here course is today oh, this is a response to competence. But I actually use it. So before I think about. The actual..
KCRW
"adsense" Discussed on KCRW
"I am move yourself to go again. Cold water in the face brings you back to this awful place. Local merchants in your bankers to mosquito panned on those routes, whether man and the crazy cheap The storm and one for three families to get you a man against you. But can you keep it up to be heartened to give me money? Don't cheapen real phone in Hong Kong Kong Indian sex English confidence Yeah, okay. You just get indications in the ice, which takes its night. Better work hard. I see the price. Never mind back time for the we got to work. And you're one of us Costco, son with this all work, many strike of the Yeah. What My It's like The fight through the bones, something it's his most good anyway. So much spelled. Take what are Cheese boycott. You know, we have correct segment Gypsies on placement avenues to position the dentist Commission, monster shoes and liked US restaurant gets out of hand call infection in the car and do the last. Uh huh. Mhm behavior that Uh huh. Get back to work and some thinking, Get out the door. Man Working ranges six to tell drinks his wages Shore. Have you noticed? You ain't gay. John. Frank joins us not getting anywhere. But you are. I love you Take your car out of that because you have stopped a long enough. Start. Get your car. Thank you. Marx and Friedrich Eagles games. Check out at 7. 11 marks was skinny, but he had sex. Dangles running. Ready. Drink. Drink. Check out at 7 11 months, buddy AdSense angles on the necessary following come Yeah. What do we got? Check on the game things but everybody other things went on to win. 16 help me. Well, the same. You want Milhouse accident? Same weight. Picture a million millionaires. Flash side. Take your car. Your car. Thank you. Take your car. Mm hmm. Mm hmm. Something happened to you Growing up? Hmm. Hmm Hmm Hmm Hmm. Frederick. 7 11 months, but he had sex mangoes, honey, necessary place swallowing. Okay? Yeah, we got anything outstanding. Uh huh. Okay, Thank you can get your money back. Okay, so we got we got Oh, God, yeah, Magnet back. Okay. Happy with two departments on the game day was murdered by the other team. They went on to win. 15 can be false. You will be friends saying you want something cheese, Milhouse. I would say wait for the kitchen intention. Who's more famous? Billion million? Hmm. Splash Or stop by the people. It's not like that. Good thing. Yeah. Yeah. Yes. Yeah. Yeah. One book. Yeah. Mm hmm. Right? Answered. Yeah. Hmm Hmm. Hmm. Mhm. Touch me. Yeah. Okay? Yeah. Oh, yeah. Mhm. Yeah. The working We can see and watch the world go loud. I'm so looking for a new Oh, The thing is, I really don't know where we're wrong. Your dad. I Should die. To die. Mr Black. And walk away. You nothing. Nothing. Nice, hard kiss game. The working we can see and watch the logo loud. I'm so looking for no. The thing is, I really don't know where we're wrong. To die. To die. As a die Should die. Mr Away. You know nothing. Nothing nice harkis. I love my heart. People always keep for Just get okay. My left to my heart is always just keep Just keep keep Keep understand, perfectly deal. Still keep full. However, keep her. Uh, my my belief here be my home. I'm always used the kids for Six o'clock in the morning and my school jumping on Monday. Mhm. Coming up. Okay. That.
The GAiM Plan Podcast
"adsense" Discussed on The GAiM Plan Podcast
"This theory. So why wait, if you are looking to invest for long term goals like retirement or children's higher education, the best time to invest is now when you have the money. It is a well-known fact that timing the market can be a challenge even for professional investors. So why waste the opportunity waiting for the right time to enter the markets? Instead, you'd be better off on focusing on aspect that is in your control. Like how long you can remain invested before your goal is to. Above all, keep in mind that your investment decision should be made based on your financial goals and risk appetite and not on market timing. There are enough tools available to manage your risk investment risk efficiently. Goal based investing, robust asset allocation, dollar cost averaging, periodic review and rebalancing of your portfolio are some examples. You can also hire an expert financial adviser to help you mitigate market risks, grow wealth and achieve your financial goals. Yes, I hear that. You're probably thinking, what if immense now and get it totally wrong? What if none of the above discussed strategies work for me? Now, let's see an example. Sam works in the marketing department of a large FMCG company. He started investing at age 35 in U.S. tech stocks with $40,000 initial investment just before the dotcom crash in 1999. By sheer coincidence, he managed to invest additional sums every time just before a crash or a correction. He invested $100,000 in November 2007, $60,000 in 2010, another 100,000 in December 2017. While his market timing was worse, he never bothered to review or rebalance his portfolio. Today, Sam is 57 years old and unfortunately he was laid off last year during the pandemic. Due to his age and the rapid technology disruption, Sam is finding it difficult to get a suitable job and so is considering retirement. What do you think AdSense prospects do you think he can retire with the current value of his $300,000 investment? Or was he better off keeping the money in a bank? Let's see, even though Sam invested at the worst possible times just before a correction or a crash, his investment today has quadrupled from 300,000 to $1.254 million. Instead, if he had kept the money in this bank, it would have it would just be $343,749. Alternatively, if Sam had started with an initial investment of $40,000 and added $12,000 every year as a systematic investment from the years 2000 to 2021, he would now have $1.454 million. So what do you want to do now? You can still be skeptical and wait for the right time or you can be like Sam. But why just be like Sam, when you can be smarter than him? Start with hiring and expert financial adviser. Build a holistic financial plan and a robust investment start strategy to seize the market opportunity. Invest your savings wisely to grow well and achieve your financial goals. The choice is yours. Click the link below to arrange a free game plan session to receive detailed reports and recommendations. You were listening to the game plan podcast and namur mata financial adviser in Dubai. Subscribe on Apple or Google podcasts or on your favorite podcast app. Don't forget to review this podcast. Thanks for listening. Until.
KTLK 1130 AM
"adsense" Discussed on KTLK 1130 AM
"How about that be the new rule from the Pioneer Press a Republican proposal to strip a Democrat governor Tim Walz, of emergency powers he used to close schools as the Corona virus. Pandemic took hold in Minnesota passed its first and only test. No. Its first test. If this team in the state Senate on Wednesday, all previous attempts in the Legislature to roll back walls, his emergency powers have failed along party lines. The proposal highlights the political divisions over how to best address the safety concerns about reopening schools. Right, Um, Senator Carla Nelson of Rochester said there has been great consternation and concern about the closure of our public schools for in person student learning, she said. Her bill puts the decision making where it should be, which is the law. Fully elected school board. Go even further. Yes, seriously put the decision in the parents of the students going down with that Minnesota allowed school district to resume in person learning for elementary great starting January 18th. Many districts have done so at least partially or are making preparations to walls. Administration officials said. They sympathize with parents. Testified that their Children had fallen behind with distant learning. While Children don't usually get seriously ill from Cove in 19 1 of the officials said the state's restrictions are necessary to protect teachers and staff and the broader community shows the data. They don't need you to show us the data. There's no evidence anywhere that I've been able to find that shows schools are are are where this virus is getting spread transmitted. The CDC came out and said that teachers do not have to be vaccinated in order to safely reopen schools. So show us what data you're looking at that says we have to keep schools closed in order to protect the teachers, But, you know, I'm just I'm governor, Tim Walz and I just I care about all the people of Minnesota and we're all in this. Together to have to deal with this pandemic. You guys have done such a great job. But you just haven't done enough just having gone far, far enough. And I just, You know, we just had more people wearing masks all the time. We wouldn't have this issue. We've only got so many percentages of people that I just pulled that number out of my butt and told you right now, you should believe me because you're as me Murphy and you believe everything that I have to say. Mm. The Senate State Government committee sent the bill to the Education Committee on a 53 party line vote. There is no corresponding legislation in the Democratic controlled House, and there won't be and there it goes there and now it's now it's dead, just like divinity. The flight printed dove, Princes 28 year old tub Divinity should have tried cross checked. It's given them the dove. Some of those prosthetics we just advertise. It could have been still still clocking. You didn't say everything clucking away, defied just filter. I should be doing this off the air, but You. We need to fight the video of you disposing of what of your chicken? Goodbye, Chickie. Mr Strip in Wasn't the duck. No, it was a little baby check little baby chick, but we could buy a bunch of ducks once and like some of them died too. This is the ticks. I mean, that's just I mean, yeah. Oh, it's a part of the deal. I already had that happened. That has happened before. But it's just a part of farm life and you buy a lot of Small, fragile animals. A lot of die just throw it in the Dumpster apparently turn on Google. AdSense Go re label that video Prince Divinity Funeral. Just rake in the dough. Just put her in my little Arianna Grande, a perfume box key. Huh? How about that rested be ripe, Rested Piece divinity AP. You lived a long life. You provided us with some fun content this morning too, So I'm sure I'm sure that perhaps your legacy lives on divinity. I'm sure Prince was very happy to see his W Prince is probably the one going to die. I miss you. Divinity shows up princess all times really to cry. Now instead of four Haram Bay is gonna before Divinity. It's ironic could've made Prince Cry Fox nine. Minnesota's No. I know what he predicted that who knew? All right. I love the way that Fox nine labels this meeting. I hate it. Thanks. I hate it. Minnesota Timeline slips for health care worker vaccinations. Slip whips. What's up, See? Well, it is icy out. You know it's winner. Yeah, the timeline was going down to get the mail week. Four. Man of this rollout failure. Minnesota's timeline for offering the Corona virus vaccines to all remaining health care workers and long term residents is slipping well into February as the state's limited doses are spread thin. Well, you're given too many attach occassion, Minnesota Roughly 80,000 of the 500,000 people in Phase one, A phase one A. Like like the the first duffers phase. It's the number one end the letter in both of those cities face one A plus plus Have not been vaccinated, Minnesota public health officials told lawmakers yesterday despite earlier pledges to schedule them for shots by the end of January. There's that was last week. If there's an interesting nugget in here, by the way, private health care providers expect it will take another two or three weeks. For all of their workers to be vaccinated. They're frustrated is several have contacted the news. From by the lack of communication from local health departments so frustrated But you shouldn't be surprised. No noses, abject failure. You shouldn't be surprised You could be frustrated, but you shouldn't be surprised. This is the Minnesota State government. We're talking about everything they touch turns to poo. And I'm gonna keep going to keep railing on this man if they spent as much time focusing on getting the vaccine distributed to individuals who can properly distribute it and less time branding this pandemic. Everybody would have gotten their shots by now. Sarah, during executive director of the Minnesota Pharmacist Association, said pharmacists were frustrated right along with everybody else by the lack of vaccine availability in January, But there has been an improvement, Durst said. In the number of complaints has gone down in the past week or two. That's the improvement. It's liberty. If that's the improvements that could point to them here, Okay, guys, they all sound bad. But I've got some good news. The number of complaints have gone down. How about just not getting complaints? I'm not just trying to let that be your goal and the only reason less people are complaining now, that's good. No, it's not because the reason why is because people have just given up. I honestly I keep saying it, but I honestly I'm like, I don't expect to get it any time soon. Not that I don't think I'm gonna get it all. No, I'm although I do have a trip to Florida coming up in April. Good luck, So I'm just gonna go down to Florida. You're gonna They're gonna hit a Chick fil a drive. Thru eight. Sam, get my jab in some Doug's Drew and Drew can bring us back vaccine you It's like people flying the other states to get recreational pot. Black market recreational back, she's been sneaking Backs of vaccine. He's going to keep it really cold, though I don't know how he's gonna do that. Minnesota health officials stuck to their plan to vaccinate health care workers and long term residents..