40 Burst results for "BAM"
RADCast Outdoors
A highlight from RadCast Rewind: Episode with Fishing Legend Al Linder, Now on Carbon TV
"Hey, Radcast is on. And welcome to the show, Mr. Jim Zumbo. Gentlemen, I am pleased to be here and I use that term loosely when I say gentlemen. Al Winder. Just want to welcome you to the show. Thanks for taking time out of your busy schedule to hang out with us on a podcast for a little bit. I am looking forward to it. There's nothing makes me happier than a coke in Minnesota. If I can't be out fishing, I should be talking about fishing. Hayling from Wisconsin, Janna Waller. Thank you so much for having me. It's Radcast. Hunting, fishing, and everything in between. Powered by Bowspider. Brought to you by PK Lures and High Mountain Seasonings. And now, here's your hosts, Patrick Edwards and David Merrill. Again, Al, it's great to have you on the program. I do want to give a quick shout out to Danny Kertola, my cousin, for helping set this up with Al. That was a big deal. Thanks, Danny. Yeah, so I really appreciate Danny and Al. Just want to welcome you to the show. Al, thanks for taking time out of your busy schedule to hang out with us on a podcast for a little bit. I am looking forward to it. Nothing makes me happier than a coke in Minnesota. If I can't be out fishing, I should be talking about fishing. It's going to be well below zero tonight. So Al, that's probably one of the big motivations for Patrick and I to start this podcast is we both have young families and we're both avidly into the outdoors, whether it's fishing, hunting, or a little bit of both. So that's our goal is to recruit new anglers and new hunters to the outdoors. The timing is really appropriate for it. We've got a whole new recruitment coming in because of COVID that our sport has never seen before, experience in the outdoors. And they need some guidance in a lot of cases to respect the resource. And that's an important part of what's happening now with these whole lot of these newbies coming in. Yeah, it's been fun to watch you over the years because you've really helped teach everybody about that. And I know as a kid, I always looked forward to outdoor life coming in the mail and also in Fisherman Magazine, because that was the thing was I wanted to learn more about fishing and growing up in Cheyenne, Wyoming, it was like a dead zone of fishing. There's really not much close unless you're going to drive two hours to Glendo, three and a half hours to Seminole, five hours to Boyson, you just forget about it. There's just nothing there. You talk about teaching people. I was reading that as much as I could, because I knew when I went, I had to really capitalize on those trips. And you've done an amazing job about that. And I just wanted to know if you could just share some tips with us, what's some key strategies of getting kids and just other anglers out on the water? What are some good strategies and tips? Number one, make sure you take them when you can get them back. I can't hold eyes how important that is, especially with the younger ones that have shorter tension spans. And it is critical that barber is going down or something pulling on the end of that line. And that's one. And even with new adults, and we have a lot of those coming into the sport now that have never fished before. And yes, they have patience where the young people don't, however, their patience will reign after one or two trips without getting a bite. It's the biggest hindrance that I've seen to our sport and your people back. The key is getting a bite to light that fire. They got to catch something. And you don't want to take them out in miserable weather conditions. You have to weather good and do everything in your power to make sure that they get back. And the reason people fish and continue to fish is they had a good experience and a good experience is something pulling on the end of their line. That's really the reason you're out there. That's what motivates people. It's the miracle of a fish. It is amazing to me, my entire life in this business to see what a fish can do to change somebody's life. Yeah, a kid sitting on the dock catching bluegills and all of a sudden nowhere, a two pound bass runs out from under the dock and grabs your bait. You never had your catching your six and having a ball and out of this bass is there. Your hook did break where you landed your life forever. Somebody has never met fish. Yeah, they heard something about it. They're going out with somebody that knows something about all of a sudden next to the boat. This monster opens his mouth and bites on it. It's an image that burns into your spirit that will change. It never goes away. That's what lights the fire in this sport. And it's why it's so important that the end of good weather to do it. And that's the key is to get them action. And then if they're really young, you know, after two, three hours, they like to think around and alive. You get a few fish around all kids like that. They're fascinated with fish bouncing around in the life. And that's the key. It really is the key to keep them motivated, keep them fishing action in a short period of time. But again, with the adult or even a young person after after. So you get them out for two trips the third time. Yeah, you're going to say you want to go fishing with me today. You got too bad experience that they're going to go back and play video games. So the interest won't be there. Well, I was fortunate enough to grow up near Saltwater and my dad in the Pacific Northwest. We did a lot of salmon and halibut and deep sea. And I got introduced very young to fishing. We actually just had a podcast with my dad on talking about starting that fire that you're talking about. I'm curious, who was the fishing mentor in your life? The person that got you hooked on fishing? Well, actually, my brother's 10 years my senior. And he took me everywhere from the time I was a little kid. He's seeing a burning passion. He shared that he said there was something about it from the time you were little. You were obsessed with fish and fishing. And he nurtured that. He actually nurtured that in him being 10 years older than I am. Yeah, he took me under his wing. And I had some really good experiences in those years. One of them that really fed my passion for fishing was my mother. And this is strange, but I got to share that story with you. My brother obviously loved the fish. So he took me everywhere we could go. We fished all over the ponds and lakes and creeks and rivers in between Chicago and Milwaukee. And there's many of them. And we were out every moment we could go. He'd be able to go the way he took me. But my mother really liked to fish. And she's seen people would ask me at a young age, wouldn't you go to a Christmas gathering of family or friends like this? And yeah, what are you going to do when you grow up? Boldly coming? I'm going to be living fishing. That's what I'm going to do. I'm going to look at you. Oh, OK. You're going to blow it off. And my mother, she, under the guy, my brother, would she at Christmas time or birthdays or special event every time I found my Christmas presents and gifts were the latest, greatest fishing tackle in the industry, whether it was a rod, a reel, a lure, magazines, books, anything that she fed that fed it and fed it. Never said that's a dumb thing. How are you going to make a living in a fishing industry? Especially at that time, that many years ago. Yeah. And the only thing you get, you tackle manufacturers and outdoor writers that at that time, one of the inspiring outdoor writers to me as a kid was Jason Lucas. He wrote for Sports of Field at that time. And he wrote a book called Lucas on Bass. And I'll bet you I read it a dozen times. It marked every page, the experiences burned into my mind. But experiences like that, and then television, I remember pioneers of the TV fishing business, the first one, his name was Gattabot Gattis, the Flying Fisherman. He was the first one that syndicated television fishing shows. And he'd fly to different locations all over the country and share his fishing experience, Gattabot Gattis. And then that led to Virgil Ward, that was the true championship fishing. And he was the one that lit by fire to get into the fishing industry and do a television show in the business. He was here in my hometown in Brainerd, Minnesota, when we were starting Lindy Jackal Company. And his producer, his name was Jayden, he gave us a call at the office one day and he says, Hi, I'm Dave Jayden, I'm with Virgil Ward, championship fishing. We've been in the area for three days. We're having, we want to do well, I should have went to Bass Busters gig. And he says, can you help? And I understand with the way you're a really good fisherman, everybody says, go call Al if you want one. So should we do a show? That's absolutely. We went out, we got a phenomenal show shot in four hours, he got everything done. He's all happy. He took off, went back to Missouri, and we finished that. My brother looks at me that night, we're talking. He says, that's great. He does a television show and talks about the lures that he manufactures. I said, we could do that. We got, why don't we start a television fishing show and help with that's what led our fire. And that was it. That trip went there and we bought a camera. I mean, that's what camera and my brother learned how to use it and how to voice tape together. And you're shooting with film at that time. You had to rewind these stories on how you get into the game and into the fishing industry and into the sport and the different aspects that are available. You get these different stories from everybody that is enough to make a living business. But I'll go back to what I said just a little bit. Just what a fish could do to change somebody's life. It's astounding to me how it happens all the time. One experience with a fish and just bam, your life is changed by it. Yeah, I agree. It's an amazing experience. I remember catching fish when I was little and how it lit my fire. And again, I promised that I would do this on the podcast and I hope it's not lost because you hear this stuff a lot. But my friend Seth Ewing, who lives in northern Idaho and myself, we grew up just eating up your shows and the magazine. And it really did benefit both of us. He's an incredible fly fisherman and he learned a lot from your fly fishing video that you guys put out with Dahlberg. And I love the smallmouth and the walleye and those kind of species. And so it's just one of those things where I hope it's not lost on you when you hear us say thank you so much for doing all of that because it really did inspire a lot of people across the United States and the world to go out and fish and to take other people fishing, which I think is really cool. One of the things that I always enjoyed and my dad and I always enjoyed watching you fish was just the joy on your face. You were always chuckling and laughing and having a great time. We were just living vicariously through you as the wind blew about 70 miles an hour through Cheyenne, but it's just, it really did make a big difference. And I do want to, I want to ask about this because this is really important to David and I, we both have little kids and we take them out fishing, hunting different activities and you have kids of your own. And I know like he's very influential and big into the fishing business as well. But can you talk a little bit about what that was like raising your kids to be fishermen, but also raising them during that time that you're just so busy and you got all these things going on with the fishing world and the fame that you had going on. How did you manage all those things and still make it a great experience for your kids? They grew up in the business they did. There's not all seven, Ron had seven children. I've got two boys, all of the kids, even the girls, three of his kids are girls. They all served in the business doing something. Yeah. From the time we started Lindy Tackle Company, they were pouring sinkers and learning how to tie snails, raffle them on cars. They were exposed to the business as a family run business all their life when they grew up in different fields and did other things. But a number of them stayed in the business and are in the business today, like Jimmy and Banny and Billy and my son Troy.
Bloomberg Markets
Fresh update on "bam" discussed on Bloomberg Markets
"Stories today, Charlie Munger passing. Any experiences, any thoughts there? You've this been in business a long time. You know, Charlie Munger was one of the great credit thinkers, really in the history of credit thinking. Last night, I actually reread an essay that that he wrote when he was in his late 60s and then rewrote when he was 81. It's called The Ecology of Human Misjudgment. He essentially articulates 25 ways that people convince themselves to the make wrong decision. It's excellent. I'd recommend, I'm sure you can get it right online, but it shows how brilliant individual an he was. Absolutely. Yeah, but the stories we're seeing in the reporting today is really, I think, that bringing to life for a lot of people. All right, Build American Mutual here. Tell us about your business. Explain to our listeners really what you do, how you guys are integrated into the municipal bond market in country. this Sure. Build American Mutual is an insurance company that keys municipal bonds. And so essentially what we do is we act like a parent. If you have your kids and they get a student loan and you need to co -sign for that student loan, you want them to get a job and pay it back. Our job is, if they fail to make that particular payment, that we make that payment for them. our So job is to sort of make bonds more secure by being AA rated or we're AA rated by Standard & Poor's. And in doing that, we create greater stability in the market for the bonds, less volatility in terms of how they fluctuate, and we provide credit diligence, which we share for free on our website. They're called credit profiles, a description of each deal that we underwrite and we update that annually. And it's just available as a service because we're a mutual insurance company. I love that analogy, the parents of the bond market, all keeping the kids in line. But now let me ask you, what's the demand for insurance in this particular type of market? So if you think about what the insurable market would be, it's not, you know, for the Great Recession, municipal bonds were guaranteed up to about 60 % of the total market, which would have been about over 80 % of what could be insurable. So if you look at market the as a whole and you think that AAA bonds won't use bond insurance, and there are certain credits that are not investment grade or outside of the underwriting appetite of ourselves or the industry, what's left in the middle are insurable transactions, and in that area about 25 % of the bonds are insured. So that's quite a bit. That's quite a big growth. It's about a 30 % growth since COVID started in terms of how much market penetration there is. So changed has that pre -COVID to post -COVID? Yes, it has. So investors demand more insurance, more guarantees, more stability now. They're using bond insurance more than they did before, and so there's a number of things that bond insurance really does. Not only is it providing the default protection, which I described as you standing behind your children and their student loans, but it also provides stability in the market and it provides a security so that you may not have the time to understand small or complex credits. We're guaranteeing them, and then essentially what it says is we're promising to pay timely payment of principal and interest on that bond when it's due. there's So different than other forms of insurance, which once you file a claim and there's a negotiation, we pay immediately and we then mitigate later, which is one of the strengths and why individual investors can count on the strength of a guarantee. financial Can you give us a sense of what the sentiment is that you're experiencing in this market? And it's kind of like a pre and post COVID question, but also like, is there some key lesson about investor psychology? As we started off talking at about the beginning of this segment that you'd want to say that you've noticed. So I'd say two things. One is interest rates have gone up a So the primary market, meaning the new, the overall volume in the market new for issue has been lower for the last two or three years. That being said, the new money portion, the portion of the market that's just building new projects, new schools, new roads, that's this year will be its second highest year ever. 2022 was the was was the highest. But there are no more refinancings if you just think about it. With interest rates going up, the concept of saving money by refinancing that bond has gone away. And that was about a third of the market historically. So that's one thing. But if you look at the sentiment in the market overall, a good example would be this last election in 2023, there were 70 percent of all bond issues that on were the ballot were approved. So that was 60 billion dollars worth of new transactions that are going to come to the market just from the 2023 elections. So now we look at the credits generally and we think ourselves two things have have happened since COVID. One is the federal government stepped in and gave an awful lot of money to all kinds of communities and some of that money still is being spent by them. It sort of explains in one way why the bipartisan infrastructure bill has not actually been drawn on a lot because the really most municipalities survived well through that crisis of the pandemic and part of that was that they went into the pandemic being strong. I mean you so know you think three or four years ago there was lots of you know all the coffers were filled at most municipalities. So now what we're looking at is to see what happens as the rest of the money that they've been given runs out and what is the real environment for what's going to happen to municipal credits going forward in terms of an operational standpoint. Who decides whether a bond is insured? issuer Is it the or the underwriter? Who decides that? So nobody uses us unless we the save money. So when you're issuing your bond the underwriters on the desk first the financial advisors who advise the municipalities will say you should consider bond insurance. We'll underwrite the transactions. As the time comes to bring the deal to market they'll look at it and say well how much is BAM charging and how much are we going to save as a municipality. So that's really the decision that's made right at the time in the market. So when markets are more volatile bond insurance is used more when markets are more more stable and people have the time or when volumes are lower they have more time to take a look at the credits and they say I'll just take that bond without the insurance. It's interesting because one thing I'm wondering is about how the election next year the US presidential election is going to demand impact for this kind of insurance. Already we're expecting maybe some market volatility the with Fed shifting direction but how does the election figure into that? So two things to remember.
Accelerate Your Business Growth
The Seven Biggest Mistakes Business Owners Make
"And the question is, am I doing everything I can to optimize every line item? So, for example, what about my insurance costs? Have I really audited those things? Am I really sure that I'm spending an efficient amount of money on insurance? Am I not overspending? What about capital costs? Should I be spending more on things that help me make more money? And so every time you look at one of these reports, it should trigger your curiosity. And how can I use this report and the information on the report to make my business better now? Oh, that's so great. Because that's the other thing we do. I'm so glad I'm asking these questions. This is the other thing we do. We purchase something that we need, then we never take another look at it to say, is it still meeting my needs? Do I even need it at all? Should I be shopping it to see if there's a more competitive product or service out there? So it sounds to me like these are reminders of where we're spending our money. Absolutely. And boy, I'm going to steal that point. That's a great point. You do that. Because it should stimulate some thought in your mind when you look at these reports. I hate too much detail in my life, but there are times when you really do have to drill down and take a look at this stuff. And a business report is something that you can do either by yourself or if you have a key person with whom you share this information, this is an opportunity then to ask them questions. Do you think we're optimizing this line item? And if not, what could we do to optimize it? So talk to me about key person. Who is that? And why are they considered a key person? What's their value? Another great question. We all know that finding good people is hard to do and it's not getting any easier. And so what happens then is a key person is someone who simply, if you're not there, essentially, the business is going to run. Or if you can't be paying attention to their part of the business, you're going to be okay. There's someone who gets it. And it's entirely possible that a business owner listening to your show right now doesn't have a key person yet. So there always has to be someone who they can hand things off to. And don't forget, that key person may end up buying your business one day. So treat them well. And there are ways to incentivize key persons, key people. And so once you have one, celebrate it because first of all, not everyone has them. But that key person is someone that you trust, that when you're not there, you know they're doing it, that they care, that they're emotionally, psychologically invested in the growth of your business. And it's in that way that you can provide them with certain financial motivations and incentives that will make sure they continue to care that much. And it's so simple. These are people, even if you just say good things to them, positive things to them once in a while, what do they do? They go home and they tell their spouse. And they're excited. So if you find a key person, make sure they're involved and incentivized and make sure they know they're appreciated. Excellent. Yeah, thanks. I'm sure we're not doing enough of that either. Of course, we are talking about the biggest mistakes business owners make. So let's talk about business tax mistakes. Like what would you say is the biggest business tax mistake? Okay. And this is something else. I guess I wouldn't have come up with these if I hadn't seen them a thousand times. But it's organization. What do you mean by that? The issue is that many times, and I get them out of this, but I'll have a business owner client in the early years who will hand me a shoebox. And I'm sorry, but that's not how you should be organized. You should organize yourself in such a way that every bit of information is not only available to your CPA once a year, but is available year around. And there are many reasons for that. You want to audit yourself, first of all. But also, I sold my business last October. In July, I wasn't selling it. I just got a call out of nowhere. And weird, right? Four months later, it's over. I sold it. And I had all of my financial ducks in a row. I listened to myself. I took my own advice. And I had all my numbers, all my taxes, all my costs. And they asked for it. Bam. I gave it right to them. And when someone is going to buy your business, that kind of organization matters. But your CPA is not a mind reader. And so you have to know what they want from you. And you have to have a system in place that you can run by yourself that ensures that you're that organized. So that you're going to give them a nice, tight document. And that sounds kind of trivial, but I'm telling you that's the biggest mistake we make because they can't read your mind. And that's where we miss stuff. And it's not just missing income. It's missing outgo. Or it's missing opportunities to save money. When you're doing taxes, Diane, when you have someone doing your taxes, what are they doing? They're looking in the rear view mirror. They're looking at last year. Well, you have to look through the windshield too. You have to do your planning for the future. And so if you know your tax situation, if you know your numbers, and if you're organized, it makes it much easier to plan ahead to save money. I see. Yeah, that is great. And you mentioned something about selling your business. And I think there's a lot of business owners that either never really think about that or really think they're not going to sell their business. think But I the belief is that they still need some sort of an exit plan. So speak to that. If there's people listening, there's going to be a variety. People listening who it's never entered their mind. They're going to keep doing it till they die, whatever. Okay. I call it the look. And the look is when I'm working with someone for the first time, I'll say, so what's your long -term plan? What's your exit strategy? And they'll look at me like they have no idea what I'm talking about. And I got to tell them, you're building equity in this business, just like you're building equity in your home. And really you want to start planning for the exit of your business five or 10 years out at least. Because there are things... And you know what? This is something that it was like an epiphany that I had about how the things you do to make your business more valuable to sell later, help your business today. It makes your business... Think about selling a used car. You're going to spiff it up. You're going to make sure the oil's changed. And you're going to make sure that it's running for years. And then when you sell it, it's going to sell more easily. Right. So you have to think about exit planning. And the reason for that, not only do you want to maximize... You want to maximize what you get for the business. You want to minimize taxation. You got to plan for that. And you've got to minimize the future legal potential things as well. And so again, this is looking through the windshield instead of the rear view mirror. Remember that when you sell your business, that may be your retirement. And so you may not have had... Maybe instead of putting money into an IRA, you've been putting money into the business. Okay, now it's time to get it back out for retirement. And when we do retirement planning for businesses, it's a little more complicated because we have to think about things like multiples. How much will you be able to sell this business for? What will that look like when it's wrapped into your retirement plan? And so if you're looking down the road... Or it may be that you're going to sell your business and roll that money into another business. Well, we got to plan for that too. And taxes aren't small. They're not insignificant. And so there are ways to minimize your exposure to taxation when you sell your business. The earlier you get to do it, getting in on this, the better for you. But don't forget again, the things you do today can help you later and today. Yeah, right. Right. I'm really glad that you said that because once again, I think people hear exit plan and they think about the future. And what I'm hearing you say is, okay, and it helps you right now because it helps you problem solve, create better efficiencies, things like that. Exactly right. Yeah.
Bloomberg Surveillance
Fresh update on "bam" discussed on Bloomberg Surveillance
"Asian community. Learn how at LoveHasNoLabels .com. Brought to you by Love Has No Labels and the Ad Council. Do you love Elon Musk? Do you hate Elon Musk? Do you have no idea what to think about Elon Musk? Then we have just the show for you. He's become even more larger than life. Get us closer to Mars. Oh, Elon, I volunteer, put a chip in my brain. Each week on this podcast, we'll break down, analyze and debate the most important stories on Musk and his empire. It's all one big universe. You just work for Elon Ing. From Bloomberg Businessweek, this is Elon Ing. Listen, wherever you get your podcasts. America is strong and today's investments in essential American are even stronger. Build America Mutual only ensures US municipal bonds, providing an added layer of security to improve any portfolio with guaranteed income that investors reach their goals. Be part of building America. Get a better portfolio. Invest in BAM insured bonds. Hi,
Fading Memories: Alzheimer's Caregiver Support
A highlight from Vibrant Living: Brain Health Strategies Matter Even in Memory Care
"Are you struggling on navigating the complexities of specific dementia behaviors? Well, join me and my guest, Krista Montague, the brain behind Dementia's Success Path, as we unravel this tangled issue. Krista, with her riches of experience in dementia care, shines a light on the intricacies of caring for dementia patients. From handling physically active patients to dealing with violence in caregiving, we delve into the importance of balancing physical and emotional needs, and how fostering one -on -one relationships with recreation therapists or activity directors can revolutionize patient care. Welcome to Fading Memories, the podcast for caregivers of loved ones with dementia. I'm your host, Jennifer Fink. My mom had Alzheimer's for 20 years, and when I went looking for answers, I had the start a podcast to find them. Join me as we navigate the challenges of dementia caregiving together. This podcast is your beacon of support and empowerment. Let's share our experiences, find solace, and discover the strength within us. Get ready to embark on a transformative caregiving journey with Fading Memories. If you're looking for additional advice, be sure to sign up for our weekly email newsletter. It's brief, gives you great advice, you can read it in less than five minutes, and you know where to find the link in the website, on the show notes. We're working on subscriber -only information and specials, so you're not going to want to miss out. When I learned that despite eating as healthy as possible, we can still have undernourished brains, I was frustrated. Learning about neuro -reserves, Relev8, and how it's formulated to fix this problem convinced me to give them a try. Now I know many of you are skeptical, as was I, however, I know it's working because of one simple change, my sweet tooth is gone. I didn't expect that, and it's not something other users have commented on, but here's some truth. My brain always wanted something sweet. Now fruit usually did the trick, but not always. One bad night's sleep would fire up my sugar cravings so much they were almost impossible to ignore. You ever have your brain screaming for a donut? Well, for me, those days are gone. I believe in my results so much that I'm passing on my 15 % discount to you. Try it for two or three months and see if you have a miraculous sweet tooth cure, or maybe just better focus and clarity. It's worth definitely a try. Now on with our show. Welcome back, everybody. Thank you so much for joining us. I know you're going to love today's episode. With me is Krista Montague. We are talking about challenging dementia behaviors. And for those of you who know, who have listened long enough, you know, I had a few of those with my mom, so we'll be talking about those and others. So thanks for joining me, Krista. Oh, thanks for having me. So why don't you introduce yourself, tell us about your company, maybe your background with caring for somebody with dementia, and then we'll dive right into the topic. Yeah, absolutely. So I run a platform and a business called Dementia Success Path. The reason I started it is when I was very first getting started with my career, I ended up working in Jerry Psych. And that's where you run into the most challenging of dementia behaviors. That's why they're there at the hospital and my job there as an activity therapist was to provide natural intervention. So what to say and what to do to get them to come to a certain baseline in order for the doctors that work there to really be able to correctly prescribe medication. So anyways, that is how I got into the space. And over the course of many, many years, I cared for thousands of dementia patients with challenging behaviors. Thus, now I help caregivers on the Internet with said challenging behaviors now. So that's that's a little bit about me and my background. Awesome. While you were talking, I remembered a different scenario, so I hope I'm not going to throw this out of left field because this was a really challenging behavior. And I want to keep it as anonymized as possible. So a resident who was very tall, who had been a what do they call like a endurance athlete, did those like endurance marathons for people who are not watching the YouTube video. This is a very I don't want to do that kind of face. And he got very agitated if he couldn't get a hold of his wife on the phone and she was out of cell reception and he got so agitated, he pushed over another resident who broke a hip. We all know what happens when older people break hips. And this was an issue she had with him. It's just like he had obviously greater than average. What is the word? Oh, it's Monday and my brain's not going to work. He just had a ton of energy and he needed people to like take him running or he needed a way of getting rid of the energy. But he was out of stage of his dementia that taking him out wasn't necessarily safe for himself or others. So just off the top of your head, what do you think you would do with that? Just we're going to start off with the hard question first. Yeah, well, so I guess I'd be curious to figure out some of some of the why behind that, because ultimately behavior is just communication. The main thing with most of the dementias, whether it be Alzheimer's or from a temporal or blue body or whatever, is that it takes away language if you stick with the disease process long enough. So over time, those behaviors become a way for them to say, hey, something emotionally or physically with me isn't right. And I can't tell you any other way than maybe to shove this over or something like that. So it sounds like a couple of things are there, which is he has a physical need of moving around if that's been a part of his life and that's not being that that could definitely be part of it. The other part is maybe an emotional need that's not being met, which is he's wanting to get a hold of his safe person, the person who he feels gets him and can help orient him. And it's not happening. And I can just feel so overwhelming when you've lost control of everything else in your life with dementia. So as far as tackling those issues, I usually like to start with the physical issue first before I tackle the emotional one. So I understand it could definitely be challenging to get them to maybe run around the block, but I know where I happen to work, we had a pretty substantial backyard area, a garden area that people could walk around or even like a little mini trampoline event. That'd actually be a great idea if you can't move anywhere and he's like, there's nothing physically wrong. He has no mobility issues going on. Just have him bounce on that trampoline and just count it out, like almost treat it like a workout he's having like he might have had in sports or something like that, or maybe run laps a around few times or make it like some type of competition, like he's beating himself with it. So there's all kinds of ways that you can help productively put that energy towards something where it's safer. That was a lot of my job is figuring out how I could safely get these folks needs met so that if things continue to be an issue that then the doctor would come in with, say, like your Ativan or your Seroquel or, you know, whatever, things like that, it's a delicate balance trying if you're a psychiatrist that specializes in geriatrics to really get that right. And he really depended on us trying everything before he gets the medications. We're like, OK, so roughly we probably need this amount. But I was so I'll go there first with getting this physical needs. If he has a lot of energy and he just needs it met, there's there's always a safe way to get it done. It just takes a little bit of creativity and knowing a little bit about his life and his background and what would make the most sense for him. So all that's very important. And then beyond that, the emotional need could be maybe he feels like there isn't anybody else that just sits and talks to him. And I know it's challenging facilities. I get it. I worked in a facility, but at the same point in time, that's really where your let's just say your recreation therapist, your activity director can really be helpful with that. Chances are maybe he could like wall that person's activity planning or something like that could be sitting next to to her him or whatever and help him with these ideas and really building that one on one relationship so that it's not such a desperate bid for that person. You know, ultimately, there's always there's always something you can do. But I hear you. There's always going to be challenges when you're looking at an institutional place with staffing, training, all that type of stuff. But, you know, every single person's different. And it was it was rare when there was ever a person where I'm just like, no, we can't we can't help them. But it was it was very, very, very rare that that would ever be a situation that we find ourselves in. I'm wondering if they actually had gone to a geriatric psychiatrist. I'm thinking no, but I didn't know everything about their situation, obviously. Sure. That probably would have been a really good solution because he'd been in one memory care community and they just I'm not sure they tried very hard. That one used to be a mile down the hill from my home and there was a reason my mom wasn't there. And the one my mom was at, he had been moved there. So the whole incident with the shoving was in the person who got shoved was the parent of a client of my husband. So it was like, it was all the dramas. Yeah, it resolved. It resolved pretty well. I mean, there wasn't lawsuits or everybody was level headed and came to some some agreements that were positive. So that was good because I was like, oh, God, we don't. We're like, do we really need to get lawyers involved? Because, you know, this is just a really ugly situation. But I question whether whether they had a psychiatrist because that might have helped because they did have a really beautiful outside courtyard. I don't know that it would have been enough space. I mean, it was basically the size of an Olympic pool, so he could have run down and back and around. But I'm wondering if he would have felt like like a hamster on a wheel, just kind of going in a circle. But I like the trampoline idea. It depends on the context you're putting it in. It really does. If you're really treating it like, hey, this is, you know, a workout that we're doing together, like a training workout, if he was a big sports guy, then it could make sense for him. It just depends. As far as, I'd say it's unlikely the facility had one. And the reason being is in the place that I worked at, it's a hospital, so it was meant to be short term and that's usually how it goes. Oftentimes we see, rightly so, medication being a very last resort because it could take someone like him who is nothing's physically wrong with him. He's extremely physically active and it could mess with his balance and make it so he becomes a fall risk. So it's almost like you're borrowing from Peter to pay Paul when you're introducing medications. Oftentimes the folks that come to our hospital, they were violent, like they were spitting, they were fighting, hitting people, danger to themselves or others. Like it was very, very extreme situations where they'd be like, OK, like the drugs are like the very last resort to managing this. And I can understand in, you know, memory care or skilled nursing or something like that, it's challenging to have somebody so physically strong around with a bunch of frail people around, for sure. He certainly had quite a few of those. Yeah, he's really tall and then none of the caregivers, most of them, like 99 % of them were women and they weren't, none of them were more than average height. Most of us were pretty, yeah, we're talking like five foot two to five, six or seven at best. So it's not like they had like big, tall, you know, burly women to control him, which, you know, physically controlling him isn't really in the options either. But yeah, it was just, it was one of those situations where it's like, you know, his care partner was just at her wit's end and she was out of cell range because she was doing something for herself and their religious community. And so the fact that she freaked out that he couldn't get ahold of her was really unfortunate. But, you know, and I'm hoping that they learned something, you know, like all of this happened in like 2019 and then we had the pandemic and my mom passed away. It was like, oh, like, it was just, it was like a whole lot happened in a couple of years. But you were talking about violence. And so now we're going to shift back to mom, my mom. And the more we, so we talked a little bit about this, the more help she physically needed. Now, my mom walked fine with no AIDS. She had nothing physically wrong with her either. She had just had Alzheimer's for nearly 20 years. The more help she needed, the nastier she got. She didn't want people to help her. She didn't think she needed help. And if you pressed the wrong way, she literally scratched people and drew blood. So a little bit violent. They were always so surprised because like, oh, she's so easy going. I'm like, you're not talking about my mother. My mother was never easy going. She was, she was a very lovely, nice lady. Did lots of things for the community, loved her family and all that. But don't piss her off because that was a bad idea. And it did not help after Alzheimer's if you pissed her off. So I know we're kind of going back to lack of training, lack of time, lack of staff, which, you know, is actually has gotten worse since my mom passed away. But they never seem to be very good at diffusing the anger that came up kind of quickly. And it was always, it always made me feel so bad when she's, when she drew blood on the gal that took care of her. Because that gal put up with way too much garbage. So it's, go ahead. I was going to say, when you've got somebody who doesn't think they need help, that was the worst with my mom. It's like, you know, and I actually experienced it. We'd come back from, I always took her out. We went and watched kids in the park or whatever. This was what gave her the most joy. And we came back, she needed to use the restroom and she was, you know, she was still fairly continent, but she needed depends, just in case kind of thing. And as we all have happened, you know, her toe gets caught in the elastic and she's grunting and groaning and pissing and moaning, trying to pull the, first off, she crossed her legs and then tried to pull up the, you know, the incontinence underwear. And I'm like, I know exactly what's going to happen if I help her because she's going to get angry at me. And so I let her fuss and fume for a few minutes and I thought, this is ridiculous. And I went in and I said, oh, you just have your toe caught. That happens to me all the time. And I like grimaced and I bent over and I unhooked her toe and I literally backed up and stood up as quick as I could. Thankfully, I did not get smacked. That was what I was expecting. And I left the bathroom. I left her to do the rest of her stuff. She had her clothes back on. She comes back in her room, absolutely spitting mad. And I'm like, you know, this is ridiculous. It's not like I, I didn't even touch her. All I did was unhook the elastic from her toe, which, you know, if she didn't have Alzheimer's, she would have understood that that was the problem. But she was so mad. She was like, right, right, right, people come here. And she stomped out of her room and I thought, okay, well, I guess I'm going to go home now. And she made a circle around. The residents came back in her room. She goes, oh, hi, what are you doing here? I was like, oh, crap. Now we can start the visit all over again. Like, should have left a minute and a half ago. Oh, no. Oh, man. Yeah. So, you know, it's funny. I was actually having this discussion recently. I don't know if you've heard of Dan Salinger. He's pretty big on TikTok, like a really big caregiver on TikTok. I was just interviewing him on my Instagram. And we were talking a little bit about really how memories aren't quite as straightforward as a lot of people initially think. Something I really noticed with a lot of people with dementia, like all kinds of dementia, is that while the dementia stole the information aspect of their memories, and memories are really both comprised of both emotions and information. So you notice that a lot of the emotions behind their experiences would really linger. So, for example, if I'm sure if mom like so my thought when you're talking about mom is it's possible, maybe somebody else pissed her off earlier in the day, and she didn't necessarily hang on to the information of what made her mad earlier, but she was maybe hanging on to the emotion from it. And it's possible that maybe the her toe getting stuck in you helping her. She's like, no one respects me like this is just like the fifth thing that someone's disrespecting me with. And now my daughter's doing it to me like gosh darn it. For emotionally, her it feels like this is I'm just so tired of not having any control over my life, or I'm just so tired of like people telling me what to do all the time, talking to me like I'm a little kid, like just all those are very valid feelings of anger. But since the information gets like poof out of their brains, all it looks like is, wow, they're really overreacting to that being stuck in their pant leg. So sometimes it's not always the easiest to try to discern like, was I the fifth thing that pissed her off? Because she probably won't be able to tell you. But anyways, how I guess Dan and I came through that is he noticed that like maybe when after he got his dad to shower and his dad is mad, the anger would just kind of linger for a few hours afterwards, even when he completely forgotten he even had a shower. So it's just so, yeah, it's so interesting how all that works. It could be both helpful and unhelpful simultaneously as far as them forgetting things or the emotions lingering. So anyways, those are the thoughts I've had. The lack of control, something that she had. So she was the oldest of four kids. And so, you know, she was always responsible for the younger siblings. And I mean, I'm the oldest of two, so I can relate to that. My dad wasn't the easiest person. He, you know, he worked. My mom took care of my sister and I, and he kind of kept control of things. And whenever she wanted to do something, like if she wanted to repaint a room in the house, she'd think about it. She wouldn't talk to anybody, but she'd think about it. And then she would announce, tada, I'm going to do this. It sounded like, literally like it came out of the blue and I knew that it didn't because I think about things and then say, I think we should do X, Y, Z. Like our closet door, it's irritating. And it's like, we're going to put a barn door on here. So I talk about it, then I research it, then I share the research. So I'm not like, bam, we're going to do this. And it sounds coming out of the blue. So I don't think she felt like she had a lot of control, like her whole life since she was a teenager, probably, or maybe younger. Um, you know, like both my grandparents worked. So my, you know, both my uncles were kind of rowdy. She had the rowdy cousin that wound up. So yeah, I don't think she felt like she had a lot of control. So even if it wasn't the fifth thing that pissed her off, even if it was only the second or the third thing that day, yeah, I can totally see where that would have. That would have been an issue. So I've learned so much since she's passed away. It's like, dang, I really wish I'd known this five years ago. Yeah. Yeah. I mean, it's, it's interesting. I find that anytime, regardless if they have dementia or not, if there's like a huge reaction that feels disproportionate to the situation you're in, chances are, it's probably not about you. It's probably about a bunch of other stuff. And it's very much the same with our folks with dementia. And that's usually the fastest way I can get them calmed down from anger is I would say it sounds like there's just a lot of things that are frustrating you here. Let's just go outside and you can just tell me what's on your heart. And usually I was right. There's usually like six different things that were all pretty valid sounding that was pissing them off. And it was really relieving for a lot of them to have someone actually really sit down and listen to them. And it was a very unique position to be in as far as the facility goes. To actually be the person who had a little bit more time to spend with, with my folks to really understand where they were coming from a little bit more. I was really special. And it's really unfortunate because COVID, many of the other things COVID has taken out has also taken out this particular facility as well, which it stinks. But, you know, COVID did a number on all of it and everything on everybody on all the things. I guess I want to circle back real quick when we were talking about the staff and the training and things like that. Something I notice oftentimes just because of maybe because it's just severely underpaid they're asking their folks to do is you and oftentimes you'll find culturally people who maybe came from more of like an authoritarian type parenting background and they see these adults who are acting like children in their eyes. So they almost instinctively go back to like this authoritarian style parenting to these adults. And it just doesn't work. It just it just doesn't work. And that's why, you know, the training is so, so important. But now it's just rough when you live in a country where everything is all about the dollar. Yeah, my so where my mom lived, my husband's a real estate broker and we were talking about this exact topic because the people that did the hands -on carrying on my mom did not get paid worth beans because some of them worked at Starbucks for eight hours and then went and dealt with these, you know, these people with dementias. And like I could barely deal with my mom for two or three hours at a time much. And that was on top of what all the other stuff I did, but I didn't work at Starbucks for eight hours and then come deal with my mom for eight hours. Like, nope, that was outside my abilities. So I always, you know, tried really hard to, like, make their life easier. But the gal that my mom was always drawing blood on, she just worked at the community and she was freaking poor at it, you know. And I had a really good relationship with the executive director. If he was making big bucks, he wasn't spending it. He had an older model Honda Accord. You know, he wore polo shirts and khaki pants, you know, not dissing pennies. I shopped there, but that's kind of where he looked like he shopped. You know, he wasn't wearing suits. And I always, I thought, I don't know how you do this job because you've got the staff to deal with. You've got the residents to deal with. You've got the residents' families to deal with. Like, there are too many people to try to make happy. There's not enough money for you, but somebody's making money. And so I had my husband, like, pull up the property taxes and when the building was built and we, like, kind of assessed, like, their expenses. And it was like, God, I don't know how anybody's making money doing this. And it was expensive. We paid $5 ,600 a month for my mom. And then she moved in March 2017. So every March she was reassessed. The memory care director was very kind. Always, you know, when you kind of got somebody who's in a range of needs, always kind of scaled it to the lower end. And my mom fell, broke her leg, was bed -bound, wheelchair -bound, and she still skewed everything, like, as minimal as she could. And the fee was going from $5 ,600 to $7 ,200. And I've said this a lot. I think my mom had a moment of clarity where she realized there was this COVID thing going on. You know, people were not allowed to come in to the community. We weren't allowed to take them out to go watch kids in the park. She was going to need this wheelchair. The fee was going to, oh, forget it. I'm out. I really seriously think she had that moment because she died March 31st. The new fee was supposed to take place April 1st. So she saved us some money. Yeah. I was like, man, you've done that just right, honey. I mean, and it just, yeah, it just seemed like there just had to have been a moment of clarity. So yeah, it was crazy times. We were very blessed. They let us come in. I saw her the day before she passed away. They called me on the 31st and said, come now. She passed away before we got there. But literally, so this is March 31st, 2020. We're still in the initial stages of quarantine, you know, two weeks to flatten the curve. All that, if you guys remember back then, it's like, I almost forgot that was the beginning of the year, basically sitting at home. No, we were so innocent back then. Yeah, we thought we were doing really good sitting at home, baking sourdough bread. Oh, I was most certainly not doing that at that time. I was working with the ventilation staff. Oh, wow. Oh, so yeah, nope. I was doing my same stuff, but there was 10 of us. So there was my husband and I, my daughter, son -in -law, my sister, her kids and husband, and one, my mom's sister and one brother. And my aunt wore a mask. So this was a little bit before masking because my aunt took care of my grandmother, who had vascular dementia, lived on grandma's social security. So when my grandmother passed away, I don't understand why my family made this choice. Still don't. Well, obviously when my grandmother passed away, my aunt didn't have a career or money. So my aunt lives in subsidized senior housing and she has her own mental health struggles. She obviously knew that maybe wearing a mask was a good idea. And again, great relationship with the executive director, but that man looked like he was about to have a complete stroke because literally there's 10 of us standing outside my mom's room, including two kids. My niece was a teenager and my nephew was almost a teenager. And he never basically said, get the hell out. But it was very obvious on his face. That's what he wanted to say. But a lot of people didn't get to see their loved ones at all. So I felt really blessed and that must've been really, really hard for them.
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Fading Memories: Alzheimer's Caregiver Support
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"Are you struggling on navigating the complexities of specific dementia behaviors? Well, join me and my guest, Krista Montague, the brain behind Dementia's Success Path, as we unravel this tangled issue. Krista, with her riches of experience in dementia care, shines a light on the intricacies of caring for dementia patients. From handling physically active patients to dealing with violence in caregiving, we delve into the importance of balancing physical and emotional needs, and how fostering one -on -one relationships with recreation therapists or activity directors can revolutionize patient care. Welcome to Fading Memories, the podcast for caregivers of loved ones with dementia. I'm your host, Jennifer Fink. My mom had Alzheimer's for 20 years, and when I went looking for answers, I had the start a podcast to find them. Join me as we navigate the challenges of dementia caregiving together. This podcast is your beacon of support and empowerment. Let's share our experiences, find solace, and discover the strength within us. Get ready to embark on a transformative caregiving journey with Fading Memories. If you're looking for additional advice, be sure to sign up for our weekly email newsletter. It's brief, gives you great advice, you can read it in less than five minutes, and you know where to find the link in the website, on the show notes. We're working on subscriber -only information and specials, so you're not going to want to miss out. When I learned that despite eating as healthy as possible, we can still have undernourished brains, I was frustrated. Learning about neuro -reserves, Relev8, and how it's formulated to fix this problem convinced me to give them a try. Now I know many of you are skeptical, as was I, however, I know it's working because of one simple change, my sweet tooth is gone. I didn't expect that, and it's not something other users have commented on, but here's some truth. My brain always wanted something sweet. Now fruit usually did the trick, but not always. One bad night's sleep would fire up my sugar cravings so much they were almost impossible to ignore. You ever have your brain screaming for a donut? Well, for me, those days are gone. I believe in my results so much that I'm passing on my 15 % discount to you. Try it for two or three months and see if you have a miraculous sweet tooth cure, or maybe just better focus and clarity. It's worth definitely a try. Now on with our show. Welcome back, everybody. Thank you so much for joining us. I know you're going to love today's episode. With me is Krista Montague. We are talking about challenging dementia behaviors. And for those of you who know, who have listened long enough, you know, I had a few of those with my mom, so we'll be talking about those and others. So thanks for joining me, Krista. Oh, thanks for having me. So why don't you introduce yourself, tell us about your company, maybe your background with caring for somebody with dementia, and then we'll dive right into the topic. Yeah, absolutely. So I run a platform and a business called Dementia Success Path. The reason I started it is when I was very first getting started with my career, I ended up working in Jerry Psych. And that's where you run into the most challenging of dementia behaviors. That's why they're there at the hospital and my job there as an activity therapist was to provide natural intervention. So what to say and what to do to get them to come to a certain baseline in order for the doctors that work there to really be able to correctly prescribe medication. So anyways, that is how I got into the space. And over the course of many, many years, I cared for thousands of dementia patients with challenging behaviors. Thus, now I help caregivers on the Internet with said challenging behaviors now. So that's that's a little bit about me and my background. Awesome. While you were talking, I remembered a different scenario, so I hope I'm not going to throw this out of left field because this was a really challenging behavior. And I want to keep it as anonymized as possible. So a resident who was very tall, who had been a what do they call like a endurance athlete, did those like endurance marathons for people who are not watching the YouTube video. This is a very I don't want to do that kind of face. And he got very agitated if he couldn't get a hold of his wife on the phone and she was out of cell reception and he got so agitated, he pushed over another resident who broke a hip. We all know what happens when older people break hips. And this was an issue she had with him. It's just like he had obviously greater than average. What is the word? Oh, it's Monday and my brain's not going to work. He just had a ton of energy and he needed people to like take him running or he needed a way of getting rid of the energy. But he was out of stage of his dementia that taking him out wasn't necessarily safe for himself or others. So just off the top of your head, what do you think you would do with that? Just we're going to start off with the hard question first. Yeah, well, so I guess I'd be curious to figure out some of some of the why behind that, because ultimately behavior is just communication. The main thing with most of the dementias, whether it be Alzheimer's or from a temporal or blue body or whatever, is that it takes away language if you stick with the disease process long enough. So over time, those behaviors become a way for them to say, hey, something emotionally or physically with me isn't right. And I can't tell you any other way than maybe to shove this over or something like that. So it sounds like a couple of things are there, which is he has a physical need of moving around if that's been a part of his life and that's not being that that could definitely be part of it. The other part is maybe an emotional need that's not being met, which is he's wanting to get a hold of his safe person, the person who he feels gets him and can help orient him. And it's not happening. And I can just feel so overwhelming when you've lost control of everything else in your life with dementia. So as far as tackling those issues, I usually like to start with the physical issue first before I tackle the emotional one. So I understand it could definitely be challenging to get them to maybe run around the block, but I know where I happen to work, we had a pretty substantial backyard area, a garden area that people could walk around or even like a little mini trampoline event. That'd actually be a great idea if you can't move anywhere and he's like, there's nothing physically wrong. He has no mobility issues going on. Just have him bounce on that trampoline and just count it out, like almost treat it like a workout he's having like he might have had in sports or something like that, or maybe run laps a around few times or make it like some type of competition, like he's beating himself with it. So there's all kinds of ways that you can help productively put that energy towards something where it's safer. That was a lot of my job is figuring out how I could safely get these folks needs met so that if things continue to be an issue that then the doctor would come in with, say, like your Ativan or your Seroquel or, you know, whatever, things like that, it's a delicate balance trying if you're a psychiatrist that specializes in geriatrics to really get that right. And he really depended on us trying everything before he gets the medications. We're like, OK, so roughly we probably need this amount. But I was so I'll go there first with getting this physical needs. If he has a lot of energy and he just needs it met, there's there's always a safe way to get it done. It just takes a little bit of creativity and knowing a little bit about his life and his background and what would make the most sense for him. So all that's very important. And then beyond that, the emotional need could be maybe he feels like there isn't anybody else that just sits and talks to him. And I know it's challenging facilities. I get it. I worked in a facility, but at the same point in time, that's really where your let's just say your recreation therapist, your activity director can really be helpful with that. Chances are maybe he could like wall that person's activity planning or something like that could be sitting next to to her him or whatever and help him with these ideas and really building that one on one relationship so that it's not such a desperate bid for that person. You know, ultimately, there's always there's always something you can do. But I hear you. There's always going to be challenges when you're looking at an institutional place with staffing, training, all that type of stuff. But, you know, every single person's different. And it was it was rare when there was ever a person where I'm just like, no, we can't we can't help them. But it was it was very, very, very rare that that would ever be a situation that we find ourselves in. I'm wondering if they actually had gone to a geriatric psychiatrist. I'm thinking no, but I didn't know everything about their situation, obviously. Sure. That probably would have been a really good solution because he'd been in one memory care community and they just I'm not sure they tried very hard. That one used to be a mile down the hill from my home and there was a reason my mom wasn't there. And the one my mom was at, he had been moved there. So the whole incident with the shoving was in the person who got shoved was the parent of a client of my husband. So it was like, it was all the dramas. Yeah, it resolved. It resolved pretty well. I mean, there wasn't lawsuits or everybody was level headed and came to some some agreements that were positive. So that was good because I was like, oh, God, we don't. We're like, do we really need to get lawyers involved? Because, you know, this is just a really ugly situation. But I question whether whether they had a psychiatrist because that might have helped because they did have a really beautiful outside courtyard. I don't know that it would have been enough space. I mean, it was basically the size of an Olympic pool, so he could have run down and back and around. But I'm wondering if he would have felt like like a hamster on a wheel, just kind of going in a circle. But I like the trampoline idea. It depends on the context you're putting it in. It really does. If you're really treating it like, hey, this is, you know, a workout that we're doing together, like a training workout, if he was a big sports guy, then it could make sense for him. It just depends. As far as, I'd say it's unlikely the facility had one. And the reason being is in the place that I worked at, it's a hospital, so it was meant to be short term and that's usually how it goes. Oftentimes we see, rightly so, medication being a very last resort because it could take someone like him who is nothing's physically wrong with him. He's extremely physically active and it could mess with his balance and make it so he becomes a fall risk. So it's almost like you're borrowing from Peter to pay Paul when you're introducing medications. Oftentimes the folks that come to our hospital, they were violent, like they were spitting, they were fighting, hitting people, danger to themselves or others. Like it was very, very extreme situations where they'd be like, OK, like the drugs are like the very last resort to managing this. And I can understand in, you know, memory care or skilled nursing or something like that, it's challenging to have somebody so physically strong around with a bunch of frail people around, for sure. He certainly had quite a few of those. Yeah, he's really tall and then none of the caregivers, most of them, like 99 % of them were women and they weren't, none of them were more than average height. Most of us were pretty, yeah, we're talking like five foot two to five, six or seven at best. So it's not like they had like big, tall, you know, burly women to control him, which, you know, physically controlling him isn't really in the options either. But yeah, it was just, it was one of those situations where it's like, you know, his care partner was just at her wit's end and she was out of cell range because she was doing something for herself and their religious community. And so the fact that she freaked out that he couldn't get ahold of her was really unfortunate. But, you know, and I'm hoping that they learned something, you know, like all of this happened in like 2019 and then we had the pandemic and my mom passed away. It was like, oh, like, it was just, it was like a whole lot happened in a couple of years. But you were talking about violence. And so now we're going to shift back to mom, my mom. And the more we, so we talked a little bit about this, the more help she physically needed. Now, my mom walked fine with no AIDS. She had nothing physically wrong with her either. She had just had Alzheimer's for nearly 20 years. The more help she needed, the nastier she got. She didn't want people to help her. She didn't think she needed help. And if you pressed the wrong way, she literally scratched people and drew blood. So a little bit violent. They were always so surprised because like, oh, she's so easy going. I'm like, you're not talking about my mother. My mother was never easy going. She was, she was a very lovely, nice lady. Did lots of things for the community, loved her family and all that. But don't piss her off because that was a bad idea. And it did not help after Alzheimer's if you pissed her off. So I know we're kind of going back to lack of training, lack of time, lack of staff, which, you know, is actually has gotten worse since my mom passed away. But they never seem to be very good at diffusing the anger that came up kind of quickly. And it was always, it always made me feel so bad when she's, when she drew blood on the gal that took care of her. Because that gal put up with way too much garbage. So it's, go ahead. I was going to say, when you've got somebody who doesn't think they need help, that was the worst with my mom. It's like, you know, and I actually experienced it. We'd come back from, I always took her out. We went and watched kids in the park or whatever. This was what gave her the most joy. And we came back, she needed to use the restroom and she was, you know, she was still fairly continent, but she needed depends, just in case kind of thing. And as we all have happened, you know, her toe gets caught in the elastic and she's grunting and groaning and pissing and moaning, trying to pull the, first off, she crossed her legs and then tried to pull up the, you know, the incontinence underwear. And I'm like, I know exactly what's going to happen if I help her because she's going to get angry at me. And so I let her fuss and fume for a few minutes and I thought, this is ridiculous. And I went in and I said, oh, you just have your toe caught. That happens to me all the time. And I like grimaced and I bent over and I unhooked her toe and I literally backed up and stood up as quick as I could. Thankfully, I did not get smacked. That was what I was expecting. And I left the bathroom. I left her to do the rest of her stuff. She had her clothes back on. She comes back in her room, absolutely spitting mad. And I'm like, you know, this is ridiculous. It's not like I, I didn't even touch her. All I did was unhook the elastic from her toe, which, you know, if she didn't have Alzheimer's, she would have understood that that was the problem. But she was so mad. She was like, right, right, right, people come here. And she stomped out of her room and I thought, okay, well, I guess I'm going to go home now. And she made a circle around. The residents came back in her room. She goes, oh, hi, what are you doing here? I was like, oh, crap. Now we can start the visit all over again. Like, should have left a minute and a half ago. Oh, no. Oh, man. Yeah. So, you know, it's funny. I was actually having this discussion recently. I don't know if you've heard of Dan Salinger. He's pretty big on TikTok, like a really big caregiver on TikTok. I was just interviewing him on my Instagram. And we were talking a little bit about really how memories aren't quite as straightforward as a lot of people initially think. Something I really noticed with a lot of people with dementia, like all kinds of dementia, is that while the dementia stole the information aspect of their memories, and memories are really both comprised of both emotions and information. So you notice that a lot of the emotions behind their experiences would really linger. So, for example, if I'm sure if mom like so my thought when you're talking about mom is it's possible, maybe somebody else pissed her off earlier in the day, and she didn't necessarily hang on to the information of what made her mad earlier, but she was maybe hanging on to the emotion from it. And it's possible that maybe the her toe getting stuck in you helping her. She's like, no one respects me like this is just like the fifth thing that someone's disrespecting me with. And now my daughter's doing it to me like gosh darn it. For emotionally, her it feels like this is I'm just so tired of not having any control over my life, or I'm just so tired of like people telling me what to do all the time, talking to me like I'm a little kid, like just all those are very valid feelings of anger. But since the information gets like poof out of their brains, all it looks like is, wow, they're really overreacting to that being stuck in their pant leg. So sometimes it's not always the easiest to try to discern like, was I the fifth thing that pissed her off? Because she probably won't be able to tell you. But anyways, how I guess Dan and I came through that is he noticed that like maybe when after he got his dad to shower and his dad is mad, the anger would just kind of linger for a few hours afterwards, even when he completely forgotten he even had a shower. So it's just so, yeah, it's so interesting how all that works. It could be both helpful and unhelpful simultaneously as far as them forgetting things or the emotions lingering. So anyways, those are the thoughts I've had. The lack of control, something that she had. So she was the oldest of four kids. And so, you know, she was always responsible for the younger siblings. And I mean, I'm the oldest of two, so I can relate to that. My dad wasn't the easiest person. He, you know, he worked. My mom took care of my sister and I, and he kind of kept control of things. And whenever she wanted to do something, like if she wanted to repaint a room in the house, she'd think about it. She wouldn't talk to anybody, but she'd think about it. And then she would announce, tada, I'm going to do this. It sounded like, literally like it came out of the blue and I knew that it didn't because I think about things and then say, I think we should do X, Y, Z. Like our closet door, it's irritating. And it's like, we're going to put a barn door on here. So I talk about it, then I research it, then I share the research. So I'm not like, bam, we're going to do this. And it sounds coming out of the blue. So I don't think she felt like she had a lot of control, like her whole life since she was a teenager, probably, or maybe younger. Um, you know, like both my grandparents worked. So my, you know, both my uncles were kind of rowdy.
The Bill Simmons Podcast
Fresh update on "bam" discussed on The Bill Simmons Podcast
"Embiid's the other great big. And Embiid doesn't even have to play four quarters. He exits after three quarters. He gets a triple double. So this guy's supposed to be like, I picked him to be the defense player here at the beginning of the season. Anthony Davis, yet he allows Jokic, he allows Embiid both to record triple doubles and severely outplay him. It's massively disappointing. And the other way you look at it is like LeBron like basically handpicked him to be his guy, right? Can you imagine if he handpicked Embiid, if he handpicked Jokic to be his guy? He'd have multiple championships out there in Los Angeles. And that should tell you the difference between like Jokic and Anthony Davis and Embiid and Anthony Davis and Giannis and Anthony Davis. A couple of years ago, I think Rich Paul said, well, if Anthony Davis played on the 2019 Bucks, they would have won the NBA championship. Anthony Davis not capable of being the best player on the team. The guy gets to be the sidekick of arguably the greatest player of all time. And he's still like frustrates you immensely. Imagine if he had to be the guy or imagine he was the sidekick to like somebody that wasn't LeBron, it would be even worse. So, yeah, I think that ship is kind of so what do you think? I think it's sailed. Yeah, it sailed for me a while ago. And there's always a lot of a lot of hype that comes with this is going to be the year or this is his moment. It just feels like we're doing this year after year after year. The durability thing, he hasn't really gotten hurt this year. I remember the pivotal in the finals. It seemed like he was having his moment against my against Miami in the bubble, and he had that huge game. I can't remember it was game three or game four. And there was a couple of days off or a day off or whatever it was. And it was all the Anthony Davis stuff. And I remember doing it on my podcast. I was like, it's happened. He's here. This is it. This is our next great big guy. He's having his moment. He's putting his he's putting his stamp down. And this is where we are headed going forward. It's the Anthony Davis era. And then the next game, he sucked. Do you remember that? I think it was game five. Yeah. And it was like we just spent two days being like, this is it. This is happening. And then he just kind of no showed the next game. They ended up winning anyway. I think the game after. But I remember thinking, that's not a good sign. You know, where is it? Like compared to Giannis heading into game six of the twenty one finals. It's like, oh, Giannis, can you can can you do it? Can you get in place the greatest game of his life? It just feels like every time there's been a chance for Davis to have that moment, right, to have his Oscar movie, to have his great season, something's always gotten in the way. And at some point, you are who you are. It's going to be 31 later in the season. And I just I don't know if he has the competitive intensity that the great, great, great guys have. I even think Embiid has it way more than Davis does. Like once that hard and trade got settled, Embiid is the most locked in. He's more locked in than he was last season. I love the way he's playing, you know. Yeah, this is the best he's looked right entire career, like he's playing, like he's playing like Jokic, like the style. Right. Yeah. You see, like he had what? Eleven assists through three quarters yesterday. He's averaging over six a game. Like I think it's a combination of, hey, I don't have to play with Ben Simmons who needed the ball. We need to play with James Harden. We're now running the no more soap operas, no more moodiness. Exactly. And a little bit of the Nick Nurse system as well. Like so all that coming into play at the same time and like Maxie emerging. It's led to him being the best of his career. But like on the Anthony Davis thing, you have to be consistent. And I wouldn't like get on his case if he didn't have the talent and we wouldn't get on his case if they weren't hyping him up. Like LeBron earlier this year, Bill said, well, he's one of the great Laker bigs. Well, if you're one of the great Laker bigs. Exactly. No, he's not, because if you are, that means you're in Shaq's category, you're in Wilt's category, you're in Kareem's, you're in Mikan's. And he clearly doesn't belong in that conversation. And then like you got Darvin Hamil after a game, I think he calls him Wilt Davis every now and again. So like you're the reason we're getting on his case, because you're comparing him to Wilt, you're comparing the Mike and you're comparing them to, you know, Shaq. And if you're going to compare him to those guys and you're there, then I from the outside, you from the outside can go like, well, you're not living up to what everybody is saying you are. And I don't want to play center. Even the stuff he was saying this year about, well, we got Christian Wood. Now I don't have to spend as much time getting switched on the guards. And it's like, hey, but nobody else complains like this about being a seven foot guy in a league that's like that's the biggest advantage if you're athletic that possibly anybody has. But yeah, it's it's frustrating because I thought the Lakers are going to be really good and I'm not ready to write them off by any means. I still think they're going to get there. They'll figure it out. You know, they're going to make a big trade. They have a lot of different pieces. They can you know, they have a couple of rookies that I think people like. They still have a pick. They have some contracts they can put together. Whether it's a Zach LaVine type of trade. I think that would be a major mistake, like just to go get somebody else who has we have no idea if the guy can come through in a playoff series. But there's like, could they be the Caruso team? It's going to be them or Philly. I would say it would be probably the two biggest candidates who have stuff to trade. I think the ship has sailed for me to answer my own question. Oh, my next sports writer argument. Would you trade for Zach LaVine? Well, I hope the Lakers do. As somebody that's not rooting for a LeBron. Somebody who's not like. Yeah, exactly. Same thing with like Philadelphia. If you're rooting against Philadelphia, I want them to trade for him because like think about Philadelphia, the way the ball is moving, the offensive hierarchy where, you know, Embiid your number one guy. That is clear. You know that Tyrese Maxie is your number two guy. That is clear. You know, Tobias Harris is your number three guy. That is clear. And it kind of all, you know, trickles down from there. You bring in Zach LaVine. Do you think Zach LaVine is going to think that? No, he's not going to think he's Embiid. But do you think Zach LaVine is going to say, I need to take a backseat to Tyrese Maxie? I don't think like he would necessarily. They're not going to do that. I don't see them doing it. Exactly. So I don't see them doing that. And I don't think that they should do that. And by the way, what is the Zach LaVine team? I was going through all the rosters. Yeah, well, what do you think about Orlando, for example, where they're going to do it? Orlando's Orlando's made their bones on defense. And we haven't seen that guy play defense to me. It's a team. It's like a Charlotte, right? Where they have the Hayward expiring. And maybe you wouldn't have to give up that much. Maybe it's like a Bradley Beal type trade where the other team just wants to get out of the contract and you can kind of throw them with LaMelo and see what it looks like. But you go through all the rosters and it's, you know, could Utah be a potential team? I don't know where that gets them. You know, it's just so funny when like Zach LaVine trade, where is it going to be? And I always anytime I hear somebody say that, I'm like, have you gone through all the rosters? Because somebody's got to have the 40 million or so to give back. They have to have the pick. It's got to make sense for them. It's got to be a team that's willing to take a chance on a guy who's never been in a winning situation ever, who doesn't seem like he wants to play defense, who seems so unhappy tonight. That Bulls team was the most unhappy. I had a couple of friends in that game. They were like, oh, my God, this Bulls team was like miserable. So you're trading for somebody who's in a miserable situation. Why? You're the best player on the team. Why is your team miserable? I would. That's a stay away from me. No, I agree. Like DeRozan, LaVine and Caruso, he's the guy that's going to be the hardest to move. You'll get the least probably four because of the contract, because of the knees, because of the defense. And, you know, he's got that that tunnel vision, right? Where he doesn't make anybody better. We're talking about Jokic is the best player in the sport. Why? Well, not only because he can get his own, he makes everybody better. Why is Curry, you know, one of the great players of all time? Not only because he can get his own, he makes everybody better. You know, Zach LaVine doesn't make anybody better. Now, in fairness, like if he was in Miami, if he was in, you know, Boston, if he was in Golden State, would he have been developed differently? Would he play differently? Would he be viewed differently? Yeah, probably to some extent he probably could win there. But, you know, he doesn't make anybody better. That to me is not a winning player, especially at that money. Plus the no defense. So I wouldn't take a shot on Zach LaVine, no. Heat culture? They're being interested in testing the heat culture. They could turn him around, you guarantee. But again, they're going to ask for him for free because you're not allowed to. They don't have to give anything up. Right. Hey, we'll take Damian Lillard. You have to give him to us, but we're not going to give you anything in return as long as you understand that. Well, remember that Jovic was a big prize for them in the Dave Lowert sweepstakes. By the way, he hasn't been seen since. You can watch him in the G-League. He was one of their big prizes. All right. Last one. Will Hal Burton become the best pacer ever? I'm putting this on a platter for you because I treated that out a couple. Like you look at like so, you know, Mel Daniels, if you want to go back to like the ABA days, right. He's got a couple of these kind of championships. So if you want to include that, like you can certainly make the argument for Mel Daniels. I don't know how you view the the ABA stuff and whether that should count. Like, so you want to count him. Maybe you can make the argument. No, I think it's not the most like it's not like he's playing for the Lakers, not like he's playing for the Celtics, not like he's playing for like the Heat of the Sixers. His competition's Reggie Miller. So you tell me, can Tyrese Haliburton be Reggie Miller? What, four or five All-Star games? Reggie Miller never made a second team All-NBA. Haliburton could make a second team All-NBA this year. So like if you think he can be Reggie Miller, which I think he can be, then I think he's got a chance to be the greatest pacer of all time. If he if he sticks around. What do you think? I did a book, a basketball pot on Reggie, and I pulled out some of the stuff I did. Yeah. Third team All-NBA three times in the middle 90s, which was probably one of the weaker talent stretches in the league. Twenty five thousand points, five All-Star games. His three year peak was twenty two points, three rebounds, three assists a game. Now, slower pace, all that stuff. Two year playoff peak was twenty four points. He was a fifty forty ninety guy twice. Statistically, it looks pretty good for the era. And he was way ahead of his time with the threes. But the fact that he never made even a second team All-NBA. Is pretty alarming if you're talking big picture stuff, and that was why I always had Ray Allen ahead of him, because I always felt like Ray Allen's best season was just better than Reggie Miller's best season. Like if you go to the 05 Sonics or the 01 Bucks, he just had a higher ceiling. And then he was able to reinvent himself the second part of his career. To me, I'm like Ray Allen over Reggie in that I think Reggie's still top 75 to me. I don't think it's going to take much for Halbert. And if he if he stays there 10 years, he stays healthy. He could make first team All-NBA this year. He's another guy whose hat's in the ring. And I think he's a guy bringing it back to the end season that he could. That could be a really special week for him. You know, like if they beat the Celtics on Tuesday, you're in the semifinals. There's a lot of people, you know, we all watch we watch all these games, but the normal sports fans have not watched a lot of Pacers this year. They have one nationally televised game. So it should be more and that'll give them that like they're already going to have another one because they're going to be in this midseason tournament. They're going to play a nationally televised game and they get to go to Las Vegas. They'll play more of them. And like on the on the Reggie thing, like you always get the comparison, not just to Ray Allen, but the clay. I think Reggie's, you know, the third guy on that on that ladder behind clay and behind behind Ray Allen. I think he's third. And then you also talk about like, well, I'll tell you the thing with Reggie. This is what we talked about in the book, a basketball pot, his and why he's why I would defend Reggie, even though I didn't seem like I was just now. His superpower was he carried himself like he was as good as whoever the best guy was in the other team. And he carried himself like that, whether it was Jordan, whether it was Kobe. Pick a guy if Reggie was on the other side, Reggie is like, I'm as good as that guy. And he really believed it. And that's how he played. And that's how he carried himself. And it was effective. And you look at some of those Pacers teams, they kind of overachieved. You know, they had big wins, big upset wins. And part of it was how he carried himself, especially at the end of the games. And that's something that doesn't if you're looking at basketball reference, it's just not going to come up there. You know, you kind of had to watch it and see it. And I that's a really special quality. So that so I would defend him on that. But I just think like if you're never a top 10 guy in the league, that's a tough one. Yeah. Well, speaking of like basketball reference, that's what I was going to say, too. It's like I like the idea like you had to be there because it's the same thing with like Russell and Wilt. If you just look at basketball reference, you're going to go, oh, well, Wilt over Russell. And you did a pretty good job in your book as to explaining why. And then you get the guys like Bob Ryan who were around to see it. And they can go more in depth with that. But like someday we're going to look at basketball reference. We're going to see like, oh, well, Russell only made like what? For first team, all NBA's, I believe. And the reason for that is because they could only have one center. I don't like the idea that they're changing this thing up. And that has to do with Halliburton as well. Like so Halliburton now, you know, he could make first team or second team. But does that necessarily mean he's like the, you know, the third best guard? It doesn't necessarily mean that. So it's we had that with a member of the forwards in the 2000s. We had this issue where there was KG and Dirk and Duncan. Yeah. You just look at the guards right now and then we'll end on this. But. Curry, is Luca a guard? I always forget. Is he a guard or a forward? I guess he counts as a guard in the NBA, right? Yeah, he's dribbling the ball nonstop. So he's a guard. So Curry, Luca, SGA, Booker. Anthony Edwards and and Halliburton are are all in the mix. Exactly. So like you could like so they're going to be a higher seed, maybe, or a higher like vote on the all NBA just because there's no guards or, you know, it's just we're going to we're not going to have like any centers and we're not going to have any forwards like it just it messes it all up. I like the idea of Fox. That's the other one. So Fox deserves to be in that conversation. I just like to be able to say like, you know what? Bob Cusi was the best guard or one of the two best guards 10 times in his career. Chris Paul only did it four or five times. You can't do that anymore moving forward. So I guess we started build the podcast with me saying I like this new initiative. By the NBA, right with the mid-season tournament. But then I'll go back into curmudgeon for him and say, I hate that change that the NBA made with the way we're going to vote on all NBA teams. Well, our guy Shangun really loses because he's behind Jokic and Embiid and maybe even Bam Adebayo. He might not even get all NBA and he's the best part in the league. Well, I don't know how that happens. Yeah, we could put all centers in the top five, you know, first team, all centers. Did you see the stat that Joe Mazzola is one of the only two coaches ever after 100 games to have a 70 percent winning percentage? Somebody sent that. Somebody sent that to me and I had to call a time out because it shocked me so much. So I called a little time out. Joe Mazz, 71 and 29, lifetime.
Tech Path Crypto
A highlight from Tokenized Assets Explosive Growth | Circle $USDC Web3 Platform Launches
"All right, so you guys don't want to miss this one, we're going to be breaking down tokenization of digital assets, but also securities, how this plays into the bigger market architecture that essentially is being built right now. And it's kind of what's happening behind the scenes. You guys don't want to miss this. We're going to break it down for you. My name is Paul Baron. Welcome back into Tech Path. This was a report that really got into the state of tokenization. If you think about the state of tokenization and what it means to business, what it means to economies, what we're about to see in blockchain is pretty dynamic. We're going to show you some clips today that will probably blow your mind. I mean, if you've been in business, if you've been involved in organizations, you're going to see some pretty cool stuff here today. Just to give you a kind of a table of contents here, tokenized assets, venues, demos, they did a full report here. I want to jump over to the first section here, which really is talking about the capacity of size. And a couple of things that they highlight here in the total assets is that right now we're talking about 6 million daily active users, settlement of like super fast, around half a second. And right now, 58 % of this all in Ethereum accounts, over 58%, which is about $69 billion. Further on down in the, what they call the 2030 opportunity, let me zoom in on that just a little bit here. You're going to see a couple of note numbers here. You're going to see the $3 .5 trillion number. This is the potential market addressable that is out there, but that's the bear market and up to $10 trillion in the bull case by 2030. All of this happening by 2030. Further in this report, if you guys are following this, this is on page 8 of this report. This starts breaking down some of the blockchains. Obviously you see Solana and Avalanche there. And the cool thing that you're going to start paying attention to is exactly what's happening in terms of the amount of interoperability that we'll talk about in a second, but also just how much Ethereum is playing a role in this. Further into this, I just want to show the blockchains that are available. So you see Circle right there at number two. The reason at $24 billion on AUM, but right now, Ethereum and then, that doesn't work too well, but Ethereum and 14 blockchains, let me kind of zoom in on that a little bit so you can kind of see what I'm talking about. And 14 blockchains that are integrated into this. Now that to me is one of the reasons we're going to continue to see Circle, USDC, win the case going forward, because the future of blockchain and tokenized assets is who can bring the tool sets to the table to make it really easy to use. Now I'll show you what that might look like. You can kind of see the tokenized users there starting to grow. This is going back to August 2020, or April 2020, hard to read on that chart. But the point is, is that this isn't up and to the right growth. Now, when you look at the pivotal moment for crypto adoption, this is really where we are right now, is this whole crash point that we are dealing with today. And then what could happen on the other side of this is what they call a recomposition of the market. And that is because people have been building so much in this bear market. We're going to start to see applications and really the use of those applications starting to roll out into real business and become mature. Once they become mature, that's when, it's like e -commerce. Think about when e -commerce was first starting, first time you ever used a Reddit card on the internet. It's like that. You were very skeptical then all at once, bam, it's available everywhere. That's exactly what we will probably see here going forward. I want to go to this first, actually, let me go over to this last slide right here. This is the size of the market again, multi -trillion dollar market. Let me kind of zoom in on that a little bit, 3 .5 trillion right now in the bear, the base case 6 .8 trillion and then 9 .9 trillion by 2030 on the bull case. So you can see this really started to really take a huge, huge growth in the potential. And remember, this is a very, very small percentage of the market. That's the other scenario that plays out. When I look at adoption, like we saw in social, mobile, all the tech models that we've seen over the past two, three decades, I don't think this is going to be any different and that is tokenization of digital assets in general, but also the use case of smart contracts and blockchain. Now I know to some of you, maybe you're coming to our channel for the first time, step back, take a deep breath, subscribe right now. If you are in business today or if you're looking at investing in things like this technology, you want to stick around on this channel because we break down a lot of these kind of things that will give you guys some insights going forward. All right, tokenized treasuries, you can kind of see the value continuing to grow right here. Obviously, when you go to just the rwa .xyz, this will kind of give you a site that you can track this on an ongoing basis along with the yield right now to maturity that's available. Again, Ethereum holding at around 370 million, so over half of what we have currently in tokenized treasuries. This is, again, going to be another area where we're going to see just absolute explosion. I want to jump to this first clip of Jeremy Allaire, who is the CEO over at Circle, which is of course USDC, is the stablecoin, if you're brand new, a stablecoin that essentially is pegged to the US dollar and how it's going to be integrated into society. Listen in. We have decisively entered the utility value phase of blockchains and digital currency. This will scale to billions of people and millions of businesses and trillions of dollars of economic activity in the coming years. We have many companies in here, both very large companies and startups that are tokenizing real world assets, treasury bills, digital funds and other things.
Bloomberg Law
Fresh "BAM" from Bloomberg Law
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Crypto Critics' Corner
A highlight from Can crypto companies get bank accounts?
"Welcome back, everyone. I am Cass Pianci. I'm joined as usual by my partner in crime, Mr. Bennett Tomlin. How are you today? I'm doing pretty good. How are you, Cass? Good. I wanted to talk about something that seemed kind of random when I brought it up, banking and cryptocurrency. We've talked about specific banks before. We've talked about Silvergate. I think we've talked about Moonstone to some extent. We've talked about a few other banks, Signature. We've talked about cryptocurrency struggling to get banking for any amount of time. However, lo and behold, as we were about to jump on to discuss this, a new article came out from CoinDesk by Ian Allison. It says, Bitstamp courts European banks as region's incoming crypto rules boost confidence. The article goes into detail just kind of about how Bitstamp seems to be in talks with a bunch of banks to offer cryptocurrency, which if they're going to be offering cryptocurrency, you would think they would be partnering with the bank so that they could onboard clients, do deposits and withdrawals of fiat or whatever. It looks like, at least in Europe, banks are starting to embrace this stuff. Part of the point of the article is also that the United States is on the other end of this and doesn't seem to be keen to move quickly and start accepting cryptocurrency exchanges as a client. What's interesting to me about this article is that it's about Bitstamp potentially having banks in the future. Maybe in three to six months, Bitstamp says, we'll be able to announce at least one of the three banks that we're currently in talks with about them serving us. It is not a super immediate or super positive piece of news when you take it that way. Like the fact that an entire article is dedicated to an executive from one cryptocurrency firm saying we're talking to three banks and maybe in three to six months we'll be able to announce something. The fact that that's news is itself a terrifying reflection of the current status of the cryptocurrency industry. Yeah, I think that that's probably true. However, at least Bitstamp sounds optimistic. We do know, for instance, that Coinbase, it seems like, at least to some degree, has never had banking issues the likes of which some of the other exchanges have seen. I don't know about Kraken. We know that Kraken and Coinbase have worked with some terrifying partners. For instance, Bitfinex, Crypto Capital Core. My point here is there still seem to be some crypto exchanges that are able to get banking and not lose it immediately. So I think that's an interesting question. Right. And we talked about that a little bit when Leo Schwartz was on in the context of Circle because Circle is the largest U .S. domiciled stablecoin. And over the last couple of months has gone from like eight banking partners down to two. And during that same period, Coinbase has now taken their equity stake in Circle and Coinbase themselves have had issues in the past, but they've generally been able to find new banking partners to replace those they lose pretty quickly. What I think is interesting and something we haven't talked about much because the FTX news has been dominating so much is that Coinbase is still facing that SEC lawsuit that alleges they're an unregistered securities exchange, as does Binance face their own SEC lawsuit, CFTC lawsuit, and all these other things. And so one of the things you wanted to discuss was where this is going to go in the future, especially in the United States. And so I think in the United States, we've seen a large number of banks stop servicing cryptocurrency companies since we started to see that they've been given additional indications that this is a high risk industry. Right. Since they started doing that, FTX collapsed. Sam Bankman -Fried was arrested. Multiple executives of FTX have pled guilty to multiple felonies each. Coinbase has been sued by the SEC. Binance has been sued by the SEC. There has been additional reporting on charges waiting in the wings for Binance, etc. And Bitstamp represents what, one and a quarter percent of total global volume, may be optimistic that they've got new banking partners coming on in three to six months. But Binance, who is 68 percent of global volume, has been de -banked from basically all of their European banking partners over the last couple months. Right. Now, that's fair to say. I do want to say that when you talk about the SEC, you're talking about civil lawsuits. You're talking about a regulatory regime that is not the one that people are necessarily super scared of anymore. It's the one that makes bank compliance and risk officers go, this is not worth it. I understand that. Here's some examples that I'm just going to quickly name off because I think it's a good frame of reference here. So we have BTCE, we have Mt. Gox, we have Quadriga CX, we have the hack from Bitfinex, we have the collapse of FTX, we have and probably missing two, three, four, five, six, seven, 10, 15, 20 more off the top of my head. But all of the ones that I'm mentioning were either criminal or close to criminal, like criminal adjacent, where I think people are going, oh, this isn't just a civil matter. This isn't just securities or unregistered securities or a civil regulatory regime coming down and saying something to you. This is far greater than that. This is the Department of Justice or an exchange owner possibly faking his death or you know what I mean? Like these are things that are just so much grander than the SEC saying you're being fined for a million dollars. Sure. But I think broadly, so like if we take it from its very beginning, we've got the OCC, the FDIC and the Federal Reserve Board of President statements from almost a year ago at this point, which really sort of changed the way banks started to view the risk of cryptocurrencies. Since that time, we've had this entire series of collapses that has made cryptocurrency increasingly unappealing. We had bank failures in the United States, many of which were banks that serviced a disproportionately greater than average portion of cryptocurrency as part of their business. And so each and every single one of these things make it harder and harder for these banks to continue justifying service in cryptocurrency. And the other kind of undercurrent to this is Coinbase and many of that type of firm have spent a lot of time advertising themselves as the legitimate alternative to places like FTX and Binance. And so regulators coming in and treating Coinbase as if it is not regulated or a serious alternative to those means when banks are trying to decide whether or not to service cryptocurrency companies and even the one that was previously considered one of the most legitimate is now under this lawsuit, it becomes harder and harder to justify banking sub Coinbase level crypto firms. Well, okay. So my pushback here, Protos published a piece about the SEC is suing Prager Metis, which is the auditor that helped audit FTX US or FTX, FTX, they aren't getting sued for that. They're not getting sued in relation to FTX. This is not related to that, but it is related to their SPACs, which special purpose acquisition companies. These were super popular. They're still happening, not to the degree that they were. And basically Francine McKenna had the perspective of we're seeing a similar problem in both the industry banking and the auditing industry, where what you have is you have the big major industry players and they obviously can take on more risk than super duper small players because they have larger balance sheets and they and paying fines and paying regulators comes with a part of doing business. But the issue that she's seen and I tend to agree with this and we saw it play out with Silicon Valley Bank and with First Republic and other regional banking services is that these smaller providers also have to take more risk, it turns out, right? Because to even compete with the larger guys now, well, it means that you have to do the same kind of thing. So perhaps there is actually a willingness in these very small banks to take on smaller than Coinbase style exchanges or to take on Coinbase, take on Gemini, take on Kraken, right? Like, I don't know why, but it does seem like the risk profile is accepting of some of this stuff for these smaller community banks. Well, and I think that makes a bit of sense, right? We've talked about in our coverage of Farmington elsewhere that like one of the big things that Hanvi are envisioned for the bank was that by taking on some of this activity, which they perceived as not as risky as their competitors did, they would be able to grow disproportionately fast. And it was working and maybe could have continued working if, you know, they had told the Fed they were planning on doing this or, you know, not been getting all their deposits from the same people who gave them the money to buy it, whatever. That's not the point. I think you're right. The smaller banks are probably more likely to do that because that's their path towards no longer being a small bank. More broadly, though, what I think is interesting, and I'm going to tie this back to FTX and Alameda Research, is that the period where many cryptocurrency companies were able to get banking accounts seems kind of anomalous, right? Even 2019, 2020, FTX was not able to get a bank account. It wasn't really until 2021, right, that FTX digital markets finally got their bank account at Silvergate. And by 2022, Silvergate's gone, FTX is gone, Alameda Research is gone, Signature Bank is gone, Moonstone Bank is gone. Like there was a 18 month period where it was reasonable for many of these large firms to actually get banking and not have to rely on shady payment processors, shadow banks or money launderers. And that window seems to have kind of aggressively closed. There are still, yes, firms that have banking and firms that are going to continue to be able to access banking. And maybe Bitstamp is right that firms that have like gone through serious licensure will be able to continue to get bank accounts in Europe. I just want people to remember that that type of firm is a vanishingly small portion of the industry. Like I said, Bitstamp is like somewhere between like one and 3 % of total spot volume. It is one 20th or less of Binance. And so they kind of don't matter. It's funny that you bring that up. I think part of the reason why I wanted to discuss this is yesterday I re -listened to the one single time where I was able to ask Sam Bankman Fried a handful of questions. And the last question I was able to ask him was basically, can you help me understand how you moving money, accepting customer funds that are destined for FTX and you just send them to Alameda, can you help me understand how that isn't wire fraud? And he goes, yeah, yeah, yeah, fine. We have our back and forth. He gets very mad. He says he's not going to answer any more of my questions, whatever. But like what I realized having re -listened to this is that his actual explanation was, well, yes, at the beginning we were committing wire fraud. And I'm just like, oh, he admits it. I forgot to listen to that part when I was so pumped up on adrenaline asking him questions and him refusing to respond that I failed to hear that he goes, well, in 2019 and 2020, you know, FTX didn't have banks. And so we would move money into Alameda and make a ledger account for them on FTX. It was like just a ledger number, which tells me. So you never move the money over to FTX period. And you say you did it with the customers like tacit acceptance. But I don't think a bunch of these customers knew what was actually they were like, oh, wire it to Alameda. I mean, OK. They didn't think about it after that. There was no like, oh, I'm wiring it to Alameda because it's going to show up as a ledger number on FTX. No one was thinking this stuff. Hardly anyone, hardly anyone. I think many I think many of the people wiring the money did have some suspicion that it was less than holy kosher when we had Jason Brolin to talk about like the end of online poker in the United States. One of the things he talked about was how for many of these payment processors, you had to do extraordinarily strange things to get your money onto them. You had to like buy a fake diamond necklace and that money would then get deposited in your account. And cryptocurrency has a long history, that same kind of thing with Linden to Global Trade Solutions AG and then somehow ending up credited to your Bitfinex account. Right. That's typical for crypto. It's not typical for things that aren't crypto. No, no, no. So hold on. Here's here's here's my pushback on that. My pushback on that is and I urge everyone to listen. I think that's a really underrated episode, actually, of ours is the Jason Braule episode where we talk about Poker's Black Friday. And it's just crazy how many things end up coinciding and commingling between the two industries of cryptocurrency and poker. But I will say this poker, at least, you know, at least back then you knew what you were doing was highly gray and or illegal. You knew that this was not something that most people were doing. People who are gambling online, they're pretty aware of the risk because these are people who are like really, really into gambling. And you could argue many of them are probably just addicts of gambling. And I think they're very, very aware of the risk. In in the run up right of twenty twenty nineteen and stuff like this, when you when you had a rational like exuberance, I think you had more retail consumers and more normal people who genuinely were not understand. They were like, why are Italian media? I mean, OK, there was no secondary part of that thought, whereas I think you're right in poker or maybe even in twenty seventeen, twenty eighteen, people who were buying cryptocurrencies and stuff were like, oh, you OK, you want me to I'm wiring this to BAM trading or whatever. OK, I see what's going on here. I will concede you get a different audience of consumer when you start like using Giselle and Tom Brady to do your marketing instead of, you know, hey, you used to be able to trade your magic cards here. Now you can trade fake money here. I will concede those are two distinct, mostly non -overlapping audiences. There you go. That's that's my main point. And that that is part of why I'm like, I don't know. It is interesting. I think banking has a lot of cryptocurrency advocates would argue the problem is that they can't get the banking if they could get the banking, then many of the issues that have been seen over the past five, six, seven years would not be seen because they wouldn't be struggling and jumping through hoops to try to find banking. I mean, when we talked about Bitfinex and Tether's early days, you know, if we go back to episode one and two, the stuff they were doing to try to keep bank accounts open was insane. I don't even know. I mean, I assume they're still doing similar stuff because they're changing banks every four months or whatever or whatever. Like you don't do that if you have a normal operational business. So clearly they're still struggling. Clearly that has not changed. But what to what to the argument now that if more banks that could do the due diligence on these companies started accepting them, perhaps customers would get hurt less. Kind of I guess I'm kind of giving the ETF James Safart argument of this where it's like, why not just accept it so that you can at least track it and and ensure that customers aren't hurt? Well, have you considered the possibility that cryptocurrency companies financial transactions very often included disproportionate amount of crime or other risk that banks don't want to carry? Well, then what's the difference for Coinbase and Coinbase invest significantly more into like monitoring of their customers than Binance, you know? Right. So then is the conclusion that in reality exchanges playing by the rules can get banking and the ones not playing by the rules are the ones struggling? I mean, is that the real answer here? I think there's still times that exchanges that are commonly believed to be playing by the rules still have struggled with banking. Coinbase has at times struggled to maintain banking. There have been a couple of close calls where, like, they switched shortly as they were like getting cut off and things like that. But then, as I'm saying this, there's the counterargument that maybe Coinbase isn't as legitimate as people think. That's the SEC stance on the issue, right? Yeah. Yeah. Without predicting anything, because I think predicting isn't worth much. But do you think this will get resolved at least temporarily in the near future? Because something is going to happen with Binance. I don't think anyone's sure what that something is going to be. Maybe it's very, very small compared to what people are expecting. Maybe it is the kind of crazy things that people are indeed expecting. Who knows? But do you think, let's say hypothetically, that something happens to Binance and that volume diminishes significantly? Do you think that would help legitimize a lot of these other exchanges and their abilities to acquire consistent regular banking services? No, absolutely not. For the reason that I just said, Binance is 70 percent of the fucking market. You can't have 70 percent of the market be declared criminal. And suddenly people are like, oh, yes, the remaining 30 percent. I bet most of that's things we want to have. Right. That's not what's going to happen. And like I will make predictions, I'm going to make predictions right now, a whole series of them. Clip this people come at me in a year. It'll be harder for cryptocurrency companies to get a banking account than it is today in the United States. By that point, Sam Bankman -Fried will almost certainly have been tried and the results of that trial will be known. It is, I think, likely there will be additional indictments of key criminal figures in the cryptocurrency space and we will have seen additional progress on some of these key civil suits, which affect the vast majority of the actual economic activity in the industry. I do not see a clear path towards an easier ability for cryptocurrency companies to get banking, especially when Congress is teetering on the verge of a government shutdown. The Speaker of the House just got ousted by his own caucus. And there's no real way to bring any kind of like regulatory exclusion or anything that would make it so banks would want to reconsider their stance towards crypto. So there I'll make predictions. Don't listen to Cass and his fear of predictions. I'll make them all day. I know you said a lot there, but I do want to quickly say, even if something catastrophic happened to Binance and CZ, like, I don't think that the whole market at Binance is criminal. And I want to be specific here because I think the whole idea of money laundering, the concept, the wording is that you're mixing good money with bad money. And the people who are sending you the good money don't know or don't care or don't realize that it's getting mixed with the bad money. The better way for me to phrase it would have been people will react negatively when they find out 70 percent of the volume was facilitated by a criminal enterprise. Sure. OK. Sure. Yeah. OK. Sorry. I just wanted to clarify that. That's cool. I mean, I think that's that's it for this. Unless you have anything else you want to add. Well, I just want to tell people to get their deposits into Cass Coin Bank as soon as possible. I mean, really, as soon as possible, get your deposits in. Listen, I just that's all I'm going to say. Yeah. And while it is called Cass Coin Bank, I do want to make sure that everyone understands it isn't actually a bank. We don't have a banking license. We don't have a charter. Like we are a we're not even a money we're not even a money services provider. Like we have no licensing whatsoever, but we do accept donations. That's what we're classifying them as. It's complicated, but obviously your money is safe. I can't honestly can't think of a safer counterparty than me. It's a fool at least. It's a fool. Well, we have an insurance fund, guys. We do have the Cass Coin Insurance Fund. Thanks for thanks for tuning in. Tuning in, everyone. And remember, each time you hit the like button or give us a good review, you get one hundred and fifty thousand Cass Coin. It's amazing.
On The Rekord
A highlight from Episode 124 - Oct. 1st, 2023 - Bringin In The Fall
"Yes indeed, another episode of On The Record Podcast. I am your host with the most DJing tents. I may sound like I'm under the weather, I am not. It's just the sports blues that's been going on right now. My beloved Jets, they fought hard. They did. At one point it was 17 to two. Wow. But they lost by three, 23 -20. I saw some good things. I'm seeing the elevation of Zach Wilson in front of my eyes. When he has time to think and do what he needs to do. Maybe Aaron Rodgers being there tonight was a boost. We don't know. We shall find out as the weeks progress. They are one in three right now. It is a long season. I saw the Jags make it to the playoffs, starting off terrible and ending it off hot. A lot can happen. I think it's good signs when your best player who unfortunately got hurt the first game is still there, even if he's in a VIP box, still there looking and offering more support. And I'm sure he'll offer him words of encouragement and tell him this is part of the process. Exactly. Exactly. That voice you hear is I am Walt. What's up, Walt? Life, man. Yeah. Life is going to. It's the peaks and valleys and but, you know, I'm pretty good for the most part. You know, I got some got some lows, but I'm working through them and I don't want to be too high at times, but I don't want to be too low. But when you are low and stuff like that, you just got to realize it's not forever. Even if even if it feels like it's forever, even if it feels like you mind to get past all the little things that happen throughout your days and stuff like that, or you try to make sense of things that don't make sense. So, yeah, man. Yeah, the valleys. Yeah. Let's get real for a second. IDG, as you know. Of course. Up and down, up and down. Yeah. Trying to get this, I strike the right hot again. This month was September was a very iffy month, a very iffy month. OK. Business wise, I got you. Even this past weekend, yeah, I have been locked in. And unfortunately, the weather just derailed my whole entire weekend plans and just just derailed everything for people out there. If you guys don't know, we're located in the tri -state area of America in New York. And it was a torrential downpour. It's horrible. I've never seen something like that. And New York City got hit hard. Actually, that's why. I've seen something like that before, but it wasn't too long ago. Yeah, but a year or two ago. No, I know. Usually when it rains heavy like that, flooding is inevitable, especially out here in Rockland, as the more they cut down the trees to build these houses, these luxury apartments, et cetera, et cetera, these storefronts, they're changing the terrain, and there's more flooding every time. Bro, the city was looking like Miami, bro. And during the hurricane, it was bad. It was bad. And this wasn't a hurricane, this was a tropical storm. So you had that going on, and I had one of my gigs supposed to have been out there, and they were like, look, our area is flooded. People can't come outside. I'm like, understandable. And the worst thing about it, which I hate, especially for the self -employed people and the people who run their own businesses, I tell myself going now, going forward, I have a ticket deposit. I usually say, nah, it's OK, because I always get it. But now when your back's kind of to the corner a little bit, you're trying to shimmy out of that little corner. So going forward, deposits are a must. Like I said, I do not usually take them, because I'd rather get it all. Because if my whole thing is on my end, in case something happens, I don't want to be held responsible. Fair. That's why I'd rather just get it all, walk through the door. Here you go. At the end of the night, here you go. Boom, bam, thank you, ma 'am. But it so goes, man. It so goes. How have you been? Yo. Man, yo. I've been like, honestly, when it comes to the fall, it's a period where I get a bit moody. I get a bit reserved. I'm more isolated and stuff like that. This is just due to stuff that happened in my early 20s with depression and things like that. And every fall since has just been like moody, isolation, and stuff like that. Now I'm just trying to be in a situation where I find things to keep me motivated, whether it's like watching one of my good friends. He'll be sending me YouTubes of religious stuff and stuff like that. I'm not the most religious person, but some of those things that are said in those videos, I can apply to my life. And then there are the things where we talk about business and things like that, things I don't understand. And I just try to watch videos and try to to listen learn, listen to understand. Now I'm going to get to a point where I'm just going to start writing things down just to keep my mind going. And yeah, man, that stuff I have going on, then what I told you earlier this week I had going on, that was a lot of BS, bro. I can't make sense of that. I can't make sense of that. I'm not trying to dismiss it off as weird behavior, but it feels like it and stuff like that. In a way, because my thing is just like if I'm cool with you and I've always treated you good and stuff like that, I've never called you out your name, said anything disrespectful to you and stuff like that. If you have an issue with me, I would like to know that and stuff like that. If I've done something wrong and I know it was wrong and stuff like that and I reach out and I apologize and I get nothing back, I'll leave it alone. I'll leave it alone at this point. But when I know there was something I did wrong and stuff like that, it's just like, yo, I'm going to be like, yo, and I addressed it, I was just like so -and -so person, what you did was foul. I'm not going to badmouth you, disrespect you and stuff like that. But if I ever see you, just keep it pushing.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1410: Bitcoin Will Hit $10,000,000 Per Coin - Binance CEO CZ
"In today's show, I'll be breaking down the latest technical analysis. And also I'm going to be sharing with you a 48 ,700 Bitcoin price target, pre halving according to a top analyst. Also did you know it was exactly six years ago today, China tried and failed to ban Bitcoin for the second time and ever since the Bitcoin price action is up 600 % and the mining hash rate is back at all time highs. Also quitting Max Kaiser, Bukele has restored the human rights to 7 million Salvadorians that have been taken away by murderous runts, the British and American state, a 93 % approval rating tells the story of the most popular leader in the world. And now Bukele -nomics is being copied around the world as a blueprint for freedom and justice preach. Also in today's show, Mt. Gox repayments delayed yet again. Creditors are waiting on Bitcoin, Bitcoin cash and Yen payments until next year in 2024. We'll also be discussing, according to this latest report, Coinbase currently holds 5 % of the entire Bitcoin supply in existence. That's right. While Coinbase holds 25 billion in BTC, the exchange only owns around 200 million in Bitcoin and its wallets. We'll also be discussing the catalyst, which will catapult the Bitcoin price action. According to skybridge capitals, Anthony Scaramucci will also be discussing the latest with the Binance CEO CZ setting the record straight on $250 million loan claims. That's right. The US court had recently denied an inspection plea by the SEC. I'll be breaking down this latest FUD and speaking of CZ, the Binance CEO predicts the Bitcoin price will reach $10 million per coin. In fact, a couple of years back in an interview, he said, if all of the major institutions allocate 1 % Bitcoin, we're going to see 1000 X or more growth of the Bitcoin price. And if you run the math, 1000 times today's price action is 26 to $27 million per BTC. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo what's good crypto fam. This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at crypto news alerts .net. Again, that's crypto news alerts .net and welcome everyone just joining us. This is podcast episode number 1410. I'm your host JV and today is September 23rd, 2023. So welcome to another sat stacking Saturday. Let's kick it off with our market watch as we do here each and every day, seven days a week. We can see Bitcoin back in the green trading above 26 .6 and we also have ether back in the green trading at roughly $1 ,600. The market cap is sitting at 1 .06 trillion with roughly 17 billion in volume. In the past 24 hours, we've got Bitcoin dominance at 49 .1 % and the ether dominance at 18 .2 % as Bitcoin continues outpacing Ethereum and checking out the top 100 crypto gainers of the past 24 hours, we've got theta lead in the pack up 7 % trading just under 64 cents followed by rocket pool up 4 % trading at $21 .63, followed by chain link up 4 % trading at $7 .18 and checking out the top 100 crypto gainers of the past week, we have WeMix leading this pack up 15%. We have PLS up 8 .2 % and XRD up 11, I mean 7 .4 % and checking out the crypto greed and fear index, we're currently rated a 47, which is neutral. Yesterday was a 43 in fear, last week also a 43 and last month a 41 in fear. So there you have it. How many of you have been stacking M -Sats and taking advantage of the recent dip in dollar cost averaging? Let me know. And how many of you are anticipating Bitcoin price action to maybe dip a little further south before packing some new positions? Let me know how you feel with the current status. And also just quick reminder, we're almost at the end of September historically, September is the worst month out of the entire year for the Bitcoin price action, but it's always followed by up tober, which is historically one of the most bullish months for Bitcoin. So we only have another week until we get out of September. So we'll see how this is likely to play out. Let's break down today's Bitcoin technical analysis. Bitcoin failed to reclaim 27 ,000, though we came close. It stalled at 26 ,500 as of right now. Meanwhile, the altcoins are in no better shape with minor losses coming from most of the larger cap ones. With Chainlink, the only one with a notable price increase. So last week was expectedly less volatile, aside from the brief spike on Saturday that pushed Bitcoin then to the multi -day peak of 26 ,400. But after failing to continue upwards, Bitcoin retraced at 26 ,000 and spent the rest of the weekend there. Then Monday didn't start all that positively either, but finished the way. Bitcoin went on the offensive and soared above 27 ,000 for the first time in weeks, but then shortly dumped after. But the bulls kept the pressure on and pushed Bitcoin to a new 20 -day peak at 27 ,500 on Tuesday. The next few days were rather calm with Bitcoin maintaining 27 G's, even after the US Fed's decision to stop raising the interest rates. Yet Bitcoin's momentum disappeared by Friday as it fell to 26 ,400. It even tried to bounce off the end of the day, but failed and currently stands at 26 ,500. Its market cap is south of 520 billion, while its dominance over the alts still just inches shy of 49%. So there you have it. And as we mentioned a little earlier, the altcoins, a lot of them are also in the red with the exception of Chainlink, which seems to be outpacing the rest of the major alts. Now for a prediction from Titan of Crypto, here's what he shared on X. Bitcoin 48 ,700 before the halving rocket ship to the moon. You might want to bookmark this one. Fam, never in history the halving occurred without Bitcoin reaching the 78 .6 % Fibonacci retracement level. So first off, first cycle price reached this four months before the halving, and the second cycle it was two months before, and then on the third cycle it was 12 months before. The next halving is now roughly six months away. Bitcoin might reach the 78 .6 % Fibonacci level within this period as it currently lies at 48 ,700, but the million dollar question remains, will this time be different? So as we enter this fourth halving, let me know where you feel the Bitcoin price action is likely to hit before we have liftoff. I mean, obviously that would be a bullish scenario setting us up for a perfect price discovery in 2024 post halving. So I cannot wait. I hope the analyst is right. And if you didn't know, it was exactly six years ago. China tried and failed to ban Bitcoin for the second time because guess what? You can't ban Bitcoin. You can try. Good luck with that. And ever since the price action on the King Crypto is up 600 % and the mining hash rate continues to hit all time highs. And as you know, hash rate is a good indicator for the strength of the network, meaning the market cap is just north of only $500 billion. And as Max points out here, referring to Bukele, he has restored the human rights of 7 million Salvadorans that have been taken away by murderous runts. The British and American state, a 93 % approval rating tells the story, the most popular leader in the world. And now Bukele Nomics is being copied around the world as a blueprint for freedom and justice. Massive shout out to Najib Bukele and the people of El Salvador. Which country do you feel is likely to adopt Bitcoin as a legal tender next? Let me know your honest thoughts in the comments below. I feel it's going to be another Latin American country. I'd say a great candidate for that is Argentina, which has hundreds of millions of people. We have Javier Malay, the pro presidential candidate. There is a 70 % chance plus that he is elected as the president. And we already know the likelihood he could make Bitcoin a legal tender, especially being orange -pilled by Max Keiser, who is the senior Bitcoin advisor for President Bukele. As Max has already announced, he can't wait to touch down in Buenos Aires to orange pill Javier Malay. Then we also have Mexico. We have people like Ricardo Salinas, the third richest man in Mexico, very pro Bitcoin, claiming Bitcoin has been his best investment ever because, again, Max orange -pilled him back in 2014. Then we have Brazil and so many other countries that make Bitcoin a potential to become legal tender. And we all know that's going to be a game changer. And that's just another catalyst on top of the Bitcoin halving scheduled in six months in 2024, plus the approval of a spot Bitcoin ETF in the United States. So can you say fireworks lays ahead? Let's go. Now let's discuss the latest more bullish news, meaning Mt. Gox is going to be delaying these payments, which means no crypto is going to be dumped onto the open market anytime soon, which again is good for the hodlers. Check it out. Now we got Nobuaki, the Mt. Gox trustee in charge of the funds owed to the exchange creditors, updated the public on September 21st, two days ago, according to the trustee, because of the lengthy discussions with specific payment providers, he could not make the October 31st deadline. That was the initial deadline, fam. And because of this reason, the repayments will start next year. And so they say, quitting him here. Therefore, with the permission of the Tokyo district court, the rehabilitation trustee changed the deadline of the base repayment, the early lump sum repayment and the intermediate repayment from October 31st, 2023 Japan time to October 31st, 2024 Japan time, respectively. By the letter of the Kobashi details, the Mt. Gox creditors waited nine years for payments. Good Lord. Currently, they're owed one hundred and forty one thousand six hundred and eighty six BTC plus one hundred and forty two thousand eight hundred and forty six Bitcoin cash and sixty nine is that billion yen. Good Lord. I'd love to know what that equates to in dollars anyways, though the delay has been extended. The creditors who have completed their claims might receive the payment by year's end, quoting them again. Rehabilitation creditors who have provided the necessary info to the rehabilitation trustee will see the payments made in a sequence as early as the end of this year, according to the letter. However, this schedule could change. Kobashi also said that due to the high volume of inquiries regarding the process, the rehabilitation team might not respond promptly. Well, that doesn't sound so promising, but I guess it's a good sign that most of this cash is not going to be dumped off any time soon, as there's a lot of FUD that's always circulating. The Mt. Gox, you know, sell off is going to crash the entire market. I think that is very unlikely and is nothing more than FUD. And again, we're gearing up for the most bullish sentiment in the four year cyclical cycle amongst us in twenty twenty four. So versus being in fear, I would be very optimistic about what's to come for the king crypto and the crypto market as a whole. But what are your thoughts, fam? Let me know in the comments right down below. Now let's discuss the largest crypto exchange in the United States. Clearly, it is Coinbase. The CEO is Brian Armstrong. But did you know, according to this latest report, they currently control and own over five percent of the Bitcoin in circulation. That's pretty hefty. And let's break this one down. And how many of you have used the Coinbase crypto exchange before? Let me know in the comments below. Here we go. Blockchain intelligence platform ARKAM recently identified the crypto exchange Coinbase holds almost one million Bitcoin in its wallets like, whoa, the coins are worth more than twenty five billion dollars at the current prices. Now, according to ARKAM, the exchanges holdings amount to almost five percent of all the existing Bitcoin. ARKAM said Coinbase holds a total of nine hundred forty seven thousand seven hundred and fifty five BTC. And at the moment, Bitcoin circulating supply is around nineteen million four hundred ninety three thousand five hundred thirty seven, according to coin info on CoinGecko. And as ARKAM shared here on X, ARKAM now identified twenty five billion of Bitcoin's Coinbase reserves with one million, approximately Bitcoin on chain. This makes Coinbase the largest Bitcoin entity in the world on ARKAM, with almost five percent of all the Bitcoin in existence, almost as much as Satoshi Nakamoto. Crazy, right? Furthermore, ARKAM noted that it has tagged and identified thirty six million Bitcoin deposits and holding addresses used by the exchange. And according to ARKAM, Coinbase's largest cold wallet holds around ten thousand BTC. And based on the exchanges financial reports, the intelligence company believes that Coinbase has more Bitcoin than are yet labeled and could not be identified. And while Coinbase holds over twenty five billion worth of Bitcoin in its wallets, the exchange only owns around ten thousand of all the Bitcoin in which it holds, which is roughly two hundred million dollars, according to the recent data. Meanwhile, community members express varying reactions to the news about the amount of Bitcoin on the centralized exchange in which they hold. Some believe it's a sign to withdraw their Bitcoin from the exchanges, warning hodlers not to wait until the exchanges start to halt withdrawals. Others say that since there are legitimate concerns over cold wallets, there is no good way to store your assets. I'd like to chime in real quick. Obviously, if it's not your keys, it's not your coins. So while a custodian such as Coinbase can hold your crypto, you've got to also note that it's not yours. So if something were to happen, hypothetically, like we've seen with FTX and the collapse last year, then not your keys, not your coins, they don't belong to you at the end of the day. So you've got to start to weigh the risk reward with having a custodian such as Coinbase or a centralized exchange hold your coins versus taking the responsibility for yourself and learning how to self custody your own crypto and call storage such as with a Bitcoin cold wallet, such as a treasure. So I just wanted to point that out. There's no right or wrong way to hold your crypto. You've got to do what's in your best interest, of course. So, you know, I mean, just want to keep it real at the end of the day. So check it when it comes to Bitcoin ownership by companies, business intelligence for MicroStrategy still owns most Bitcoin. I believe it's over one hundred and fifty two thousand eight hundred BTC, to be exact, worth over four billion dollars at the time of this recording, making them the largest publicly traded company to have Bitcoin on their balance sheet. Now, another major company that controls over six hundred thousand BTC is Grayscale in their GBTC product, the Grayscale Bitcoin Trust, which they just recently had a lawsuit against the SEC with the plan to convert their trust into a spot Bitcoin ETF. So considering they already control the underlying asset in the sum of over six hundred thousand BTC makes them a pretty strong contender. Wouldn't you agree? Let me know your thoughts, fam. And now let's break down our next story of the day and discuss the Bitcoin price likely to catapult along with the altcoin to coin to SkyBridge Capital, Anthony Scaramucci. Let's break this down. Shout out to the Mooch, SkyBridge Capital founder Scaramucci is detailing how one catalyst could have a bullish impact on Bitcoin, as well as the alt. In an interview with the Wolf of Wall Street, Scott Melker Scaramucci says that a spot Bitcoin ETF could be approved in the first quarter of twenty twenty four, which seems to be a ninety five percent likelihood, according to top ETF analyst at Bloomberg, Eric Balchunes. So according to SkyBridge Capital founder, the approval of the spot Bitcoin ETF and the Bitcoin halving, which is expected to occur in April of twenty twenty four, could combine to ignite a crypto bull market. No, it's not. It could combine. It will combine. Just saying. Quitting him here as Wall Street or products on Wall Street are sold, they are not bought. And so there is going to be tens of thousands, if not one hundred thousand plus people at these Wall Street firms selling these products to their traditional investors. So people that are in Bitcoin understand the finite supply of Bitcoin, right? We all know there's a finite limited supply, 21 million, and they understand the nature and the quality the Bitcoin has. This will push Bitcoin up. Of course, it will have a dramatically positive effect on the altcoin market because it will lead to more capital into digital properties so people can think whatever they want. They can think short term about the near term volatility of Bitcoin. But these macro positive factors are overwhelming. And according to Scaramucci, the potential approval of a spot Bitcoin ETF filed by giant asset managers such as BlackRock, who controls over 10 trillion in assets under management and Fidelity, that controls over four and a half trillion in assets under management, can see Bitcoin increasing its market cap by roughly 24 times from the current level. We'll send it. Let's go quoting the Mooch here. It is important that now the largest asset manager in the world who started out with some level of skepticism related to digital assets and Bitcoin is now willing to adopt Bitcoin. I mean, I guess they mean BlackRock is willing to adopt Bitcoin, but even more important than that, they're willing to explain to their clients. I think BlackRock now has 13 trillion dollars in assets under management. So for them, seven trillion for Fidelity. While these numbers are higher than I even imagine, while their clients need exposure to digital property like Bitcoin. And so we have a five hundred billion dollar plus market for Bitcoin. So you and I know gold is at 12 trillion ish, depending on where it's trading. But yes, 12 trillion. There is no reason why Bitcoin couldn't get gold. So there you have it. And to watch this video interview he did with Scott Melker entitled 37000 Bitcoin. Can it skyrocket 35 percent? Check the show notes below the video in the description. And I think we all could agree it's only a matter of time before Bitcoin returns to price discovery mode, virtually meaning entering new all time highs. My personal prediction is sometime in 2024, considering the two biggest catalysts, which we just covered, the Bitcoin halving and Bitcoin ETF approval, which we know is going to be a given, especially considering the SEC is not going to be able to push it back and push back that deadline any longer because, you know, they just they have been pushing it back now for 10 years while they continue to approve futures ETFs, which can allow them to spoof and manipulate the market, which is all by design. At the end of the day, there's not new under the sun and three things cannot be long hidden. The sun, the moon and the truth. But just saying. Anyways, fam, now let's discuss the ongoing fight against CZ, the finance CEO with this 250 million dollar loan. And then I'll be breaking down his 10 million dollar price prediction and in fact sharing a transcription of him claiming that Bitcoin can thousand X from the current price, which would ultimately mean not 10 million, but we're talking twenty six to twenty seven million dollars per coin. Let's break this down. So here we go. First, with the FUD, the Binance CEO, CZ Shangping Zhao had refuted a recent report alleging that he received the 250 million dollar loan from BAM Management, the company that serves as the holding entity for Binance US. Now, how many of you have used Binance US or Binance before as the exchange? Let me know, fam. The development comes amidst Binance's struggles with plunging trading volume as the world's largest crypto exchange faces mounting lawsuits and increased scrutiny, regulatory which seems to all be by design by the SEC and the regulators. Right. The report published by Decrypt September 19th drew its conclusions from court documents associated with the ongoing lawsuit involving Binance and the United States. SEC, according to the news agency's interpretation, the Binance US legal representatives asserted in the documents that BAM Management US Holdings had issued a quarter billion dollar convertible note to CZ back in December. CZ, however, challenged the accuracy of the report when he tweeted the following. The amount of wrong information is just they got the direction wrong. I loaned 250 million dollars to BAM a while back, not the other way around, and have not taken it back. The Binance CEO clarified that the loan arrangement was, in fact, the opposite of what was reported in the post. The exec explained that he had extended a 250 million dollar loan to BAM Management and asserted that he had not yet received the payment. So there's nothing new under the sun. Just more FUD, it seems like, fam. The legal battle has taken a toll on Binance US, which saw a flurry of employee departures. The US SEC alleged that Binance was not cooperating in the ongoing probe and even claimed that BAM refused to make essential witnesses available for deposition. Concerns were also raised on CEFFU, which happens to be a custody service offered by Binance's international arm, Binance Holdings Ltd. The SEC's filing claimed that the platform appeared to be in violation of a previous agreement designed to prevent the transfer of the assets abroad. And despite the scathing attacks by the financial regulator, Binance scored a small win this week. The SEC's motion to approve an inspection into Binance US was denied by the USDC District Judge, Zia Farokhia. So there you have it. I mean, the ongoing FUD will more than likely continue, as obviously Binance is the largest crypto exchange in the world and regulators seem to have a problem with them and want to go after them for whatever apparent reason. So, like I said, hopefully in the end, you know, truth is revealed and the real story versus all the FUD and, you know, the manipulation of the price action and all the shenanigans we continue to witness in the market. And with that being shared, now let's dive into the Binance CEO, CZ and his 10 million dollar price prediction, as well as him predicting that Bitcoin price action could even a thousand X from here, sending the Bitcoin price parabolic to 26 or even 27 million dollars per coin. Let's break this baby down, shall we? Here we go. JV, have you ever heard of him? A crypto YouTube influencer from Crypto News Alerts remembered CZ's prediction. You're damn right I did. The Bitcoin would reach 10 million per coin. JV referred to the statement in a recent video uploaded on YouTube where he analyzes various aspects of the Bitcoin market development. Now, JV looked back at CZ's Bitcoin prediction while analyzing the Bitcoin CEO's recent Twitter comments. And in a Q &A session on July 5th, CZ addressed several issues, including Binance's reaction to the ongoing regulatory scrutiny. He also spoke about the rising interest of institutional investors in crypto currencies, as well as the proposed BlackRock spot Bitcoin ETF. CZ made the 10 million dollar price prediction back in 2021. In fact, I have the article already pulled up and I'm going to be reading word for word what he shared. Following MicroStrategy's announcement, allocating Bitcoin for the corporate strategy, CZ based his analysis on the possibility of several corporate companies, major institutions across the world, allocating just one percent of their corporate treasury into Bitcoin. And according to CZ, that would lead to a thousand X growth in the value of BTC. JV highlighted CZ's welcoming approach to institutional investors in the Bitcoin ecosystem, and CZ noted that advantages in traditional finance firms they bring to the crypto industry, despite concerns about their intentions clashing with Bitcoin's decentralized nature. And according to JV, CZ identified two key factors driving Binance's strategy for the next 18 months. They include the upcoming Bitcoin halving event now less than six months out, as well as, you know, we could be seeing a Bitcoin ETF here in the near future. The Bitcoin community expects the next halving to occur in April of 2024. Now quoting CZ word for word from the initial interview he made on Bloomberg Radio predicting a potential 1000 X increase in the Bitcoin price action. So here's what he had to say. Right now, I think only 11 companies again, this is right around the time that MicroStrategy announced putting Bitcoin on its balance sheet. They announced having allocating some talking about Bitcoin, like usually less than one percent of their corporate treasury to Bitcoin. And we think that it is most likely what caused the initial price rise. I think MicroStrategy's Michael Saylor started it first, but there are six hundred and fifty thousand companies in the world, like relatively established companies in the world, and their treasury is huge. Preach. So if all of them talking about these major institutions only allocated just one percent to Bitcoin, we are going to see, I don't know, 1000 X more growth in the Bitcoin price. And if they allocate more than one percent, then it's going to be even bigger. So I think people don't quite get the magnitude of the wave that is about to hit us. Now, let's run that math one more time. Fam, today's price is roughly twenty six thousand five hundred times that by one thousand. He's talking about a twenty six and a half million dollar Bitcoin price action. The potential if they only put one percent of their strategic reserves into Bitcoin, you do the math. If it's five X and five percent, what are we talking? One hundred and twenty million dollar Bitcoin price. Just saying this is coming from CZ, the world's richest man in crypto. So very powerful words indeed. Let's get back to this prediction of what he shared. So the finance CEO estimates that the flagship crypto can go up anywhere from nineteen hundred percent to twenty thousand percent from the current price levels from the time he made the prediction. And he goes on to share with price predictions. It is really, really difficult. I think it can go to, I don't know, one million dollars, ten million dollars. It is very hard to tell. And again, if we literally did a thousand X from today's price, we're talking twenty six and a half million per BTZ. So CZ also reveals that the exchange is onboarding new users as an at an unprecedented sustained rate during the bull run, outpacing its user growth during the twenty seventeen bull run. So again, this was during the twenty twenty one bull run. Here's what he had to share. Just to give people the idea, in twenty seventeen, when Bitcoin hit the peak of about 20 G's, we were seeing three hundred thousand new registered users per day. And that only happened for a couple of days. And that kind of trailed off and became slower. Now we're seeing sustained new user registrations above the peak and sustained like for over two to three months. So could you imagine running the world's largest crypto exchange and having over three hundred thousand new registered users every single day for like 90 days straight? That is insanity. And that's the previous market. I think twenty twenty four is likely going to outpace the previous market as Bitcoin becomes a common household name and as Bitcoin game theory continues in full effect. You have presidential candidates making Bitcoin a big determining factor. We have people like Ron DeSantis, Kennedy Jr., Javier Malay over in Argentina. So naturally, it's just going to create more commotion and positive catalysts for Bitcoin as we move forward into twenty twenty four. So, I mean, fireworks are ahead. Let me know how you feel. We're likely to finish out this year by December of twenty twenty three. Where do you feel the Bitcoin price action is likely to be? And don't forget to check out CryptoNewsAlerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
The Breakdown
A highlight from Courts Hand SEC Half an L in Binance US Case
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Tuesday, September 19th, and today we are talking about Binance and their SEC court decision yesterday. Is it significant? And is it just kicking the can down the road? We will go through all of that. Before we do, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Well, friends, it is a day that ends in Y, so there is, of course, another Binance story. Binance had a fairly big day in court on Monday in their legal battle with the SEC. Leading into the hearing, the allegations and speculation had started to reach a fever pitch. The SEC had begun to hone in on the theory that Binance U .S. did not and never had exclusive control over customer assets. That if true would be a big deal as Binance had always maintained that U .S. customer assets were strictly segregated from the international exchange. Indeed, they used this argument to defend an SEC injunction shortly after the legal proceedings commenced in June. If granted, the injunction would have frozen assets at Binance U .S., which would have functionally been a death sentence for the domestic exchange. In deciding that injunction, the court ordered the parties to come back with an agreement that they could both live with rather than making a decision on their own. As part of those consent orders, Binance agreed that they would ensure that only local U .S. staff would have access to customer assets. However, as the SEC dug further into their investigation, they claimed that Binance U .S. which they viewed as intimately linked to Binance International. Cefu was launched under the name Binance Custody in December 2021. It was renamed in February of this year, around the same time that rumors of an in -depth government investigation into Binance first emerged. On Friday, Cefu asserted in a press release that they were entirely separate from Binance International and that they don't even service BAM Trading, which is the company that operates Binance U .S. They wrote, We strongly reject this claim. As a custody technology services provider under Cefu Holdings, we are committed to servicing institutional clients with digital asset custody solutions in select jurisdictions, excluding the United States, among others. Furthermore, Cefu's operations and services are distinctly separate from BAM and Binance Holdings Limited." A Cefu spokesperson added that, Unfortunately, earlier in the week, Binance U .S. had contradicted parts of that claim in a legal filing. Rather than denying the use of Cefu in their operations, Binance U .S. acknowledged that the service was developed by Binance International and licensed to the U .S. entity. And while the specific origin of the Binance U .S. custody system might seem like a minor detail, this is the main focus of the lawsuit at the moment. The SEC is claiming that Binance International had de facto control over customer funds at the U .S. exchange. If that's the case, then Binance could be viewed as deliberately misleading the court surrounding this issue. It would also advance the SEC's argument that Binance U .S. was nothing more than a front to allow U .S. customers to access the international exchange and provide a veneer of domestic regulatory compliance. So that's a bit of the background. Now on Monday morning, the SEC filed additional material to support their order, which asked the court to compel Binance to cooperate with the discovery process. They said, quote, Indeed, in earlier filings, the regulator had raised issues surrounding the lack of disclosure. They noted that Binance had only produced 220 documents, many of them characterized as quote, unintelligible screenshots and documents without dates or signatures. Further, according to the SEC, Binance U .S. were resisting the deposition of a number of key executives. In a court filing in August, Binance claimed that the deposition of CEO Brian Schroeder would be, quote, You'll remember that Schroeder was confirmed to have left the company in early September, although his lack of social media presence has led some to speculate that his departure was closer to the beginning of the year. The SEC appears to have been informed of Schroeder's departure only recently and clearly haven't recruited him yet as a cooperating witness. They said that this strange turn of events and Binance's continued resistance to producing Schroeder, quote, Now, the SEC was primarily concerned that Binance U .S. was continuing to use SEFU for its custody, which could be used to shift customer assets offshore. They said that Binance U .S. had failed to convince the regulator that they had control over customer assets, adding that these claims were, quote, Binance U .S. had provided, quote, They said that, quote, BAM insists that this court, like the SEC, should accept packaged counsel narratives, carefully drafted declarations, and small curated sets of documents regarding control of BAM's customer assets, and that any lingering concerns are much ado about nothing. To top it all off, the SEC warned that Binance CEO CZ is, quote, The SEC claimed that they have demonstrated that, quote, Binance has a long history of controlling BAM to serve Binance's own unlawful purpose. Ultimately, the regulator asked the court for an order, quote, Now, in their opposing court filing placed on the record on Monday morning, Binance U .S. reiterated their claim that SEC demands were unreasonable. They called the documents requested overbroad and too much of an inconvenience. Binance U .S. further alleged that many of the documents requested are either not in the exchange's possession or fall outside the scope of the lawsuit. At 3 p .m., the parties entered the courtroom for what would be a tense hearing. Binance U .S. called the demand for documents so broad they would be impossible to produce. A lawyer representing the exchange said that, quote, The judge indicated that Binance U .S. really would need to provide a bit more documentation of their custody arrangements. They said, adding that they weren't, quote, The SEC lawyer, meanwhile, explained that the problem at the moment was that, quote, They argued that the SEC needed much more information about the wallet set up at Binance U .S. than they currently have. At one stage, the attorney for Binance exclaimed, They said that the exchange had responded to every targeted request from the regulator. The lawyer added that, quote, So what came out of all of this? Well, ultimately, the judge declined to make any orders to compel discovery from Binance, but it was made clear that the exchange would need to increase its cooperation, let's say. The judge said that they were not, adding that, quote, I'm not going to order from the bench right now that they produce or not produce things. Let's continue to try to work this out. I just want to keep things moving. The judge also noted that, quote, As investor Adam Cochran summed it up, the judge did deny the inspection but also said they needed Binance U .S. to comply and produce more documentation as the judge was not convinced of the asset backing. This is saying the inspection is overkill for now and giving Binance the chance to comply. Now, ultimately, these issues around Sifu are largely still about litigating whether the assets of Binance U .S. should be frozen to prevent customer funds from being sent offshore. However, given that volumes on the exchange have collapsed by more than 99 percent over the past six months, it seems likely that users have largely taken that issue off the table already. The matter is scheduled to return to court on October 12th for a follow -up hearing. Now, outside of the hearing, the court docket continues to bloat with additional evidence gleaned by the SEC. Much of this evidence was originally filed under seal or in a heavily redacted form, but the regulator is currently in the process of unsealing documents. Earlier this month, the SEC obtained the cooperation of the former auditor for Binance U .S., which produced in excess of 6 ,500 pages on the accounting at the exchange. The document was unredacted on Monday, revealing the auditor's conclusion that it was, quote, very difficult to ensure the company was fully collateralized at specific points in time. One of the SEC's requests for further information filed in June related to a 250 million dollar intercompany loan given to Binance U .S. by the international exchange in December of last year. The convertible note was funded using BUSD, 183 million of which was sent to Paxos to convert into dollars. The SEC wanted some additional details about the reason for this transaction. The topic was initially flagged as confidential by Binance, but that designation was apparently successfully rebutted by the SEC. Now, there was a lot of chatter on this on Twitter. With many people taking it as evidence of some smoking gun, Binance had been less than honest about their dealings with Binance U .S. Perhaps the most intriguing tidbit, however, filed recently was a declaration given by J. Emmett Murphy of the SEC's trial division. The document, again filed on Monday, introduced into evidence three additional depositions. All three were filed under seal, but were used to support the need for further examination of the SEFU system. The declaration identified one witness as Eric Kellogg, BAM's chief information security officer, but the other two identities were redacted. All three depositions occurred over the last month, with the latest taking place last Wednesday. So here's the way that Adam Cochrane summed this all up, which I think is a pretty good TLDR. He tweets, SEC seeks court order for inspection of Binance U .S., now expressly calling out that SEFU is indeed a Binance -related entity and that Binance U .S. has been misleading the court. The SEC calls out that this violates the consent decree that required new wallets expressly away from Binance International Control and Access, but interestingly specifically notes this is important as Binance has controlled BAM for its quote, own unlawful purposes. That's a claim we've not seen the SEC lobby here before, at least not outside of anything sealed or redacted. We also learned for the first time that the SEC sought the testimony of Brian Schroeder, U .S. CEO, and Jasmine Lee, U .S. CFO, but have been denied and fought on that and only just got told that Schroeder is no longer CEO, despite Schroeder being missing for eight plus months. They had argued that Schroeder's testimony would be too disruptive to business and now got told he isn't on the job, which is wild, as I think we all assumed he pulled a Catherine Coley Brian Brooks and gave testimony. Seems he's just disappeared and gone silent? Either way, the SEC here is suggesting, one, there is evidence of crimes, two, there is indeed evidence that SEFU is Binance International, three, SEFU is not simply a wallet provider, and four, BAM executives themselves lack insight on Binance U .S. assets and tooling. Now, for completeness, Adam Cochran also tweeted about the deposition from the auditor that said that it was impossible to tell whether Binance U .S. had been fully collateralized at specific points in time. He said, if your own external auditor can't say you are fully collateralized when you are supposed to be a 100 % reserves exchange and have your own proof of reserves that claim you're over collateralized, that is a problem. Binance uses the SEFU wallet custody system, previously Binance Custody, for both Binance International and Binance U .S., as noted in their filings. If this system is not capable of managing the small Binance U .S. numbers, how could it keep track of International? And if Binance U .S., its more compliant exchange, never commingled or misused client funds and was isolated from International as they claim, then it would be literally impossible to have a gap. The only way this is possible is the misuse of customer funds resulting in losses. I believe at some point in their scaling, they had material losses when misusing customer funds and exposing themselves to leverage via BNB. They've continued to misuse customer funds to try and cover this hole, but a declining market has made that an ongoing shell game. Whether you think that is a fair assessment or not, there should at this point be absolutely no doubt that the correct risk model is to move your assets off of Binance. Now, for the sake of a counterpoint, Bruce Fenton tweeted this morning, Binance is perhaps the most scrutinized and attacked company in modern history. The United States has investigated them and thrown everything they can at them. Yet, despite all this, we don't have a single accusation, let alone evidence, that Binance has lost customer funds. Now, trying to wrap this all up, a lot of the commentary around this is trying to figure out if the SEC won or lost this court trip. Will Clemente from Reflexivity Research tweeted, courts have been handing the SEC L after L lately, but others aren't so sure. CZ certainly didn't think so, retweeting someone who wrote, seems like they can't find anything but they want to continue making headlines. Maybe the most middle of the road interpretation came from the headline from Bloomberg, which read, SEC fails to win immediate inspection of Binance US software, and I think that that fails to win is probably a better representation at this point than actually getting the loss. But my friends, as you can tell, we are well in the minutia of this, but the details matter. There certainly is a feeling of crescendo to this story. And either way, it's hard for me to imagine that the industry isn't better on the other side of it. Better because Binance has vindicated, or better, unfortunately, because the last giant has fallen, and we can finally move on, largely rid of what came before. In either case, I will be sure to keep you updated. So until next time, be safe and take care of each other. Peace.
The Crypto Overnighter
A highlight from 670:Binance and Celsius Scandals, Bybit Defies UK Exit
"Good evening, and welcome to The Crypto Overnight. I'm Nickademus, and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax and let's get started. And remember, none of this is financial advice. And it's 10pm Pacific on Friday, September 15th, 2023. Welcome back to The Crypto Overnight, where we have no sponsors, no hidden agendas, and no BS. But we do have the news, so let's talk about that. First off, we take a look at the SEC's tightening grip on Binance US, unravel the legal quagmire ensnaring Celsius network, and expose the political maneuvers around central bank digital currencies. We'll also dissect Senator Sherrod Brown's stern warning to crypto regulators and explore Vitalik Buterin's skepticism on Hong Kong's crypto landscape. Lastly, we'll discuss Bybit's stance on the upcoming financial regulations in the UK. The US Securities Exchange Commission accused Binance US of not cooperating with its ongoing investigation. The SEC filed a lawsuit against Binance, leveling 13 charges against the platform. These charges include breaking US securities laws and operating as an unregistered exchange. Binance US's holding company, BAM, produced only 220 documents during the discovery process many of which were described as, quote, unintelligible screenshots and documents without dates or signatures. The SEC raised questions about Binance US's use of Kefu, a wallet custody software service owned by Binance's international entity. According to a previous agreement, customer assets were supposed to be solely in BAM's custody and not shared with other Binance entities. However, the SEC argues Kefu appears to have control over customer assets. Binance US has been accused of responding to the SEC's demands for relevant documents with blanket objections and refusing to produce documents that it claimed did not exist. The SEC also expressed apprehension regarding Binance US's use of Kefu, which appeared to contravene a prior agreement aimed at preventing the diversion of assets overseas. Several Binance US executives, including the CEO, head of legal and chief risk officer, have recently departed the company amidst two rounds of layoffs. The SEC's ongoing probe into Binance US is a glaring example on the exchanges, operations, and compliance measures. The SEC's focus on Kefu, the wallet custody software, is particularly noteworthy. It raises questions about the integrity of asset custody in the crypto space, especially when international entities are involved. The SEC's skepticism isn't unfounded. The lack of transparency from Binance US, especially during an investigation, is a red flag. It's about trust. If Binance can't be transparent with a regulatory body, how can users trust them with their assets? The departure of key executives from Binance US adds another layer of uncertainty. It's not just a matter of corporate reshuffling. It's a sign of instability at a time when the company can least afford it. In a space that champions decentralization and autonomy, the SEC's actions serve as a reminder that regulatory oversight isn't going away. And for those who view such oversight with skepticism, this case serves as fuel to that sentiment. And the SEC isn't just knocking on Binance's door. It's knocking on the door of the entire crypto industry. And how Binance handles this will set a precedent, for better or worse. Now, if you think Binance's SEC woes spell chaos, you can hang on. Celsius Network's legal inferno makes it look like a tea party. One executive's guilty plea could set the stage for a seismic shakeup. But first, if you're enjoying this deep dive, hit that like button and subscribe to your daily dose of crypto clarity.
Crypto Curious
A highlight from 95 - Greyscale's Legal Slam, Musk's Crypto Tease & BitBoy's Dramatic Exit: Crypto's Tumultuous Week
"Welcome to the Crypto Curious podcast, proudly brought to you by the Bamboo app. Crypto Curious is your go -to source for all things cryptocurrency, whether you're a seasoned pro or new to the world of crypto, we've got you covered. Each week we'll break down the top news stories of the past seven days, giving you the information you need to stay on top of the latest trends and developments. Plus we'll share quick bites of news and insights that you won't want to miss. If you're new to the world of crypto, we recommend starting in our early episodes where we break down the basics and give you a solid foundation to understand the crypto world. Join us as we explore the ever evolving world of cryptocurrency and educate ourselves along the way. On today's episode, we'll talk about the SEC's loss in court to grayscale and the Spot ETF deadline news. Twitter or X as it's now known's application for a digital currency license, as well as his own brand for some less than honest behavior, plus so much in the short, sharp news bites. So please stay around to the end. My name's Tracy and I'm joined by Blake and Craig for this week's crypto catch up. Hey guys, how are you going? Very well, Trace. How are you? Very well. How are you going, Craig? Good, thanks. My favorite topic today, regulation, but we'll get into it. It's always some regulation talk, but I mean, you know what? It's getting interesting because it's about ETFs and exciting things that mean crypto pumps down the way. So should we crack in? Not financial advice. Not financial advice, never financial advice. Let's do it because this news broke basically after we finished recording last week. The biggest news of the past seven days was another crushing defeat to Gary Gensler and the SEC, this time against grayscale investment funds. The US federal court ruled that the SEC acted unfairly in denying grayscale's request to turn its grayscale Bitcoin trust product into an ETF. So the long awaited decision provided a pump to the prices across the board in the crypto market and even the crypto related public equities like Coinbase got a bit of a pump. So everyone was pretty excited, weren't they, Blake? That's right. So just for a little bit of context, grayscale Investment Trust, I think holds currently three to five percent of all the Bitcoins. And it's basically like an investment fund that they're looking to get listed on the Nasdaq to be freely traded and it's going to attract a lot of capital to the space. And, you know, this was favourable because, you know, previously the SEC had just denied the application and now the court has ruled that they've unfairly made that denial. So this is very, very positive for the sector. Not only does this help grayscale's case, but likely to help other applications for the Bitcoin ETFs. And as we know, there's about seven others that are currently or maybe even more that are going through the process of trying to get approved for a spot Bitcoin ETF. So not really exciting stuff, but I must say the SEC will fight tooth and nail to continue to kick this down the road with every lever that they have available to them. And that looks like what they've done here. They've kicked the can down the road another 30 days before they have to make a decision. I have no doubt they'll be doing it again. But since that news, the SEC has come out and said they're delaying all applicants of the Bitcoin ETF until October. So a few weeks ago, we reported on ARK Invest, they were the only one that copped the delay, but turns out all of them will now cop the delay. So this rained on the parade somewhat, and the short -lived pump was, what, two or three days worth, and then it just came back down to where it was before. So of a pump and dump chase. Yeah, so just going back to grayscale and what that means, their petition, they've been granted a petition for review. And what this means is the SEC now needs to review the application again and either accept the application or pick a different reason to deny the application, which will drag this out even longer, appeal the court's decision and try and get a end back review, which is apparently a fancy legal term. So that's the three options there. But, you know, either way, like Blake said, big win for the industry. And I think this just proves the fact that the SEC isn't the be all and end all. You know, you can fight this. Yeah, and it's really great to see that the court system has a level of independence here that hasn't politicised other government factions. And the market is still so sensitive on this news, like this came out, bam, five percent pump, then the other thing came out, five percent decline. So the market just seems like we're waiting on what direction to take and any of these catalysts are providing, you know, huge movements. And like we said, now it's just been the can has been kicked down the road a little further, another 30 days into mid -October until we'll have any more information and we will keep a keen eye on that, folks. Moving on, Elon Musk's ex, formerly known as Twitter, moves closer to crypto payments with a new state licence being granted. Regulators from Rhode Island have approved X's application for a currency transmitter licence over the last week, Craig. Yeah, so Elon's spoken about making X a WeChat sort of application, which of course involves payments. But here's what you need to know about this scenario. So the licence required for companies conducting financial activities on behalf of users sending and receiving money, the licence lets companies store, transact and exchange digital assets and the licence also includes service providers like crypto wallets, payment processes and exchanges. So he's taking small steps to integrating crypto in the platform. And as we know, I don't want to be a sceptic or a conspiracy theorist, but he is bullish on Doge and he has spoken about or joked about integrating Doge. So it could be that obvious trace. What are your thoughts, Blaine? Yeah, that's right. Initially, I think it's just going to be regular payments, but over time, I think it makes sense for them to also integrate cryptocurrency payments as well. We know Elon is fond of crypto, so it just makes sense. And I think this is a big win. But, you know, there is there's lots of competition out there. There's CashApp, VMO, there's VMO, PayPal. Yeah, that all provide cryptocurrency trading and investing and buying and transferring. But I suppose what's different about X's proposition is that it's also a social media platform. And this is, you know, I think maybe Meta or previously Facebook maybe approached it a little bit wrong. With Libra. Yeah, with Libra. And it sounds like Elon will execute. You know, he's the founder of PayPal. He understands internet banking and payments. And I think he'll execute like he executes on everything else. Yeah. So this is important and necessary in the steps forward that Elon is pushing for X to become the everything app, which he's he's pushing for. And we'd expect crypto and fiat payments to become part of that. And you've mentioned obviously a minute ago, Craig Doge, he's you know, he loves. So I think everyone's talk recently has been when he does this, what will be the tokens in there? Because everyone said X and now there's XRP and Doge. And he's even hinted at Shiba at some point. So there's the guess now. What will be the crypto token that he will use? Let us know, folks. Send us an email. Well, Trace, what do you think? Do you think you might allocate some cash to Doge after this news? You know what? Not financial advice, folks. But I do potentially think Doge and we do have a little side bet going with our with our friends at Equity Mates with Bryce and Alec. And we did say at the start of the year that we did tongue in cheek think Doge might be one of the best performing assets of the year. There's a bit of a joke. Look, I don't know that he'll be making any head roads into this by the end of the year. Like Blake said, I think it's going to be fiat first and we won't see any cryptocurrency trading or being used on the X app for quite some time. But my money would be on Doge. But he's got the license. So it is going to happen eventually. You know, as we know, the favorite bull market indicator for me is when Doge has a pump. That's when you know that we're back. So, yeah, let's keep an eye on it. But then again, Trace, Doge didn't move at all after this news. Which I thought was very surprising. It hasn't on a lot of his comments recently. Gone are the days of Saturday Night Live where he's on there and we have like a 20 percent pump. It's just not like that anymore. Good times. Good times. Let's move on boys. It feels like there's been a long list of shady crypto characters getting their comeuppance this past year. Doquan, SBF and a few other dudes. But there's one who's facing his consequences over this past week. Ben Armstrong, also known as BitBoy, has been ousted from his own brand. Ben was removed from BitBoy Crypto by parent company BJ Investment Holdings due to alleged substance abuse and harm to employees and the community. Craig, what else do we know? Yeah, so BitBoy Crypto, he's been in hot water for a long time. He actually had his media kit leaked, which actually was giving projects prices on what sort of promotion that he would give them. But what we can gather from information that's been filtered out by the staff and insiders is they've kicked him out for various reasons, harm to employees. But he's also done extensive promotion of unvetted tokens. He had a lack of transparency regarding his personal holdings. And he promoted coins and tokens in his video only to sell them after his viewers started buying without disclosing his intentions. So typical grifter. And you know, it's good that these guys are getting weeded out. And look, we were talking about this. He was obviously, for those who might have remembered him off, chasing down Sam Bankman -Fried as the big baddie member. He went over there. Yeah, he was the hero. And even the hero is a scammer. And you might recall, folks, we talked about Ben .eth token a little while ago, which popped up and he shilled that one to his users. And that was a bit of a nail in the coffin, too, because that didn't go too well. But the proof is in the pudding here. We look at his views and they were up around 250 ,000 a year ago. They went down to 120 ,000. And you know, the last six months, he's only getting 20 ,000 views. He lost his audience. They just lost trust in him because of these pump and dumps. So, you know, it's good to kind of shake out this kind of behavior from the market. And I just wanted to put it to you both that I feel that, unfortunately, we'll see a fresh bunch of this coming through. A hundred percent. Because we're going to get, you know, an influx of new retail people coming through that don't know what to look out for. And there'll be another BitBoy Ben coming up and doing the same thing. Yeah, that's definitely one of the challenges. We've been in the space for a little while and we see these characters come in and out of the sector and it's quite obvious, you know, they all display similar traits about their behavior and how they project in the marketplace. And, you know, they gather big followings and it's very hard to convey to people that follow them that, you know, they might not have the best intentions or, you know, they might be doing something against, you know, what they say that they're doing. So, yeah, I think you're right. Trace, more and more will come through, more will gain popularity with new narratives and then churn out, hopefully sooner rather than later. It's a bit of a double -edged sword because, you know, back in the bull market, BitBoy would be shilling these projects that would go to do ridiculous percentage numbers because people are following the trade. And then obviously they're the ones that pump the hardest, but also the ones that dump the hardest. But BitBoy is obviously laughing because he's selling into his audience. As you mentioned, Trace, there's decrease in views like probably to do with the market cycle as well. Like the big guys, like even locally, like the Pacino Brothers, you know, they produce some amazing content over the last bear market and now the next bull market, they've obviously become popular. So there'll be a bunch of new people now that are making content right now that will become very popular. And in saying that, though, there's great content. You can tell which ones are good and which ones not. Like I just mentioned the Pacino Boys. They're very technical. They talk about Bitcoin and ETH, but someone like BitBoy, which is shilling Ben token, like big red flags. And, you know, I'm really a big fan of Guy from the Coin Bureau. He doesn't shill anything. He just gives you good information, you know. And Ben Cowan, he just talks about the big two. He's very technical as well. And that's it. And we're all about the big two as well. Bitcoin and Ethereum. We talk about all these other coins on here, but really for noobs getting in, even for not noobs, like 75 percent of my portfolio is Bitcoin, Ethereum. OK, with that, let's go to a break. When we come back, a short, sharp news bites.
The Breakdown
A highlight from What's Going On with the SEC's Sealed Binance Filings?
"Welcome back to The Breakdown with me and LW. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Wednesday, August 30th, and today we are talking about everything that happened yesterday that wasn't the SEC in Grayscale. Before we dive into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Well, friends, yesterday was obviously a huge day, one of the bigger ones we've had for a while, so much so that I had to scrap a planned show and record all about Grayscale defeating the SEC in their lawsuit. I don't have too many updates on that front today other than a return to this question of to what extent this means that a Bitcoin spot ETF is more likely to occur. There were many who cautioned yesterday that just because the SEC is now forced to reconsider Grayscale, it doesn't mean that they are being forced to approve a spot Bitcoin ETF. However, the ETF analysts at Bloomberg certainly think that this was a big deal. Eric Balcunas writes, So there you have it, clearly a pretty big deal, although again, nothing is guaranteed particularly with this SEC. Now still, as I said, quietly a ton of other things were happening in and around the jubilation around this news. Travis Cling summed up at least part of it, saying, So let's start with that. In the wee hours of Monday night, a curious filing was made to the court docket in the SEC's lawsuit against Binance. The SEC filed a sealed motion along with 35 exhibits and a proposed order. Now, documents can be filed under seal for a range of reasons. This allows information that is sensitive or confidential to be submitted to the court without disclosing the contents publicly. The motion and proposed orders are almost certainly a request to file under seal, so the big question is what the huge amount of exhibits related to. Once discovered, the secret filing set minds racing across crypto Twitter. John Reed Stark, a former chief of the SEC's Internet Enforcement Division and someone who has effectively remade his second career hating crypto publicly over the last year, explained that Filing any court document under seal is a rare move by the SEC. It's in the public interest to know and understand the SEC's use of US tax dollars and the US SEC wants its messages heard loud and clear to deter future securities violations. Stark offered two possible explanations. That the SEC were using information from a simultaneous DOJ investigation and wary of interfering with that process or that the SEC were concerned with putting another company or witness at risk. He did note, however, that the second explanation usually involves redacted filings rather than a complete seal. Stark said that the move was so unusual that during his 20 years at the agency, including frequent joint operations with the DOJ, he quote, can't recall ever seeking to file a motion or any other court document under seal. He explained that the big tell will be whether Binance objects to the documents being filed under seal. If they don't, then the documents clearly related to something Binance would rather not to be known to the public. If they do, then it's more likely the documents are being sealed to protect someone providing evidence against Binance. So pretty dramatic cloak and dagger stuff, right? Well, some other commentators had more mundane explanations. Lawyer Clayton wrote, The last filing was discovery dispute, so more of the same if I had to guess. Something along the lines of a motion to compel responses, production depots, and sealed because exhibits contain AEO materials. BAM says they've given us all docs related to X, but the email in Example F references other responsive docs that exist, etc. can be easy to rack up exhibits and discovery motions. Commercial litigator Joe Carlosare writes, In SEC versus Binance, Binance agreed to provide a written accounting by August 1, 2023, pursuant to the consent order that they agreed to with the goal of avoiding a TRO hearing when the case was filed. Binance failed to meet that deadline and sought an extension to August 7, 2023. An accounting was supposedly tender on this date, but the SEC claims it is not sufficient to ensure customer assets are secure. On August 14, 2023, Binance filed a motion for a protective order seeking, among other things, an order blocking the SEC from deposing CZ. This order concludes as follows, Although it has expressed its concerns otherwise, the SEC has still yet to identify any evidence suggesting that customer assets were misused or dissipated in any way.
The Breakdown
A highlight from What's Going On with the SEC's Sealed Binance Filings?
"Welcome back to The Breakdown with me and LW. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Wednesday, August 30th, and today we are talking about everything that happened yesterday that wasn't the SEC in Grayscale. Before we dive into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Well, friends, yesterday was obviously a huge day, one of the bigger ones we've had for a while, so much so that I had to scrap a planned show and record all about Grayscale defeating the SEC in their lawsuit. I don't have too many updates on that front today other than a return to this question of to what extent this means that a Bitcoin spot ETF is more likely to occur. There were many who cautioned yesterday that just because the SEC is now forced to reconsider Grayscale, it doesn't mean that they are being forced to approve a spot Bitcoin ETF. However, the ETF analysts at Bloomberg certainly think that this was a big deal. Eric Balcunas writes, So there you have it, clearly a pretty big deal, although again, nothing is guaranteed particularly with this SEC. Now still, as I said, quietly a ton of other things were happening in and around the jubilation around this news. Travis Cling summed up at least part of it, saying, So let's start with that. In the wee hours of Monday night, a curious filing was made to the court docket in the SEC's lawsuit against Binance. The SEC filed a sealed motion along with 35 exhibits and a proposed order. Now, documents can be filed under seal for a range of reasons. This allows information that is sensitive or confidential to be submitted to the court without disclosing the contents publicly. The motion and proposed orders are almost certainly a request to file under seal, so the big question is what the huge amount of exhibits related to. Once discovered, the secret filing set minds racing across crypto Twitter. John Reed Stark, a former chief of the SEC's Internet Enforcement Division and someone who has effectively remade his second career hating crypto publicly over the last year, explained that Filing any court document under seal is a rare move by the SEC. It's in the public interest to know and understand the SEC's use of US tax dollars and the US SEC wants its messages heard loud and clear to deter future securities violations. Stark offered two possible explanations. That the SEC were using information from a simultaneous DOJ investigation and wary of interfering with that process or that the SEC were concerned with putting another company or witness at risk. He did note, however, that the second explanation usually involves redacted filings rather than a complete seal. Stark said that the move was so unusual that during his 20 years at the agency, including frequent joint operations with the DOJ, he quote, can't recall ever seeking to file a motion or any other court document under seal. He explained that the big tell will be whether Binance objects to the documents being filed under seal. If they don't, then the documents clearly related to something Binance would rather not to be known to the public. If they do, then it's more likely the documents are being sealed to protect someone providing evidence against Binance. So pretty dramatic cloak and dagger stuff, right? Well, some other commentators had more mundane explanations. Lawyer Clayton wrote, The last filing was discovery dispute, so more of the same if I had to guess. Something along the lines of a motion to compel responses, production depots, and sealed because exhibits contain AEO materials. BAM says they've given us all docs related to X, but the email in Example F references other responsive docs that exist, etc. can be easy to rack up exhibits and discovery motions. Commercial litigator Joe Carlosare writes, In SEC versus Binance, Binance agreed to provide a written accounting by August 1, 2023, pursuant to the consent order that they agreed to with the goal of avoiding a TRO hearing when the case was filed. Binance failed to meet that deadline and sought an extension to August 7, 2023. An accounting was supposedly tender on this date, but the SEC claims it is not sufficient to ensure customer assets are secure. On August 14, 2023, Binance filed a motion for a protective order seeking, among other things, an order blocking the SEC from deposing CZ. This order concludes as follows, Although it has expressed its concerns otherwise, the SEC has still yet to identify any evidence suggesting that customer assets were misused or dissipated in any way.
Evangelism on SermonAudio
A highlight from Kidderminster: Made in the Image of God
"So I'm here in Kidderminster on the afternoon of Sunday the 27th of August 2023 to preach the gospel. It's quite relevant. Father I pray that you bring people to hear the gospel, people whose hearts have been prepared for eternity. I pray Father that you give the preacher strength and liberty and unction and utterance Lord to preach the gospel of Jesus Christ faithfully. I pray Father that your work will be accomplished now, that the name of Jesus Christ will be lifted up, that sinners will be drawn to him Lord. I pray that there will be conviction of sin. I pray that there will be weeping and wailing and mourning and lamenting over sin. There will be a looking to Jesus Christ alone for salvation. I pray Lord that you would discomfort the people of Kidderminster. I pray that they would be aware of their lostness, of their ruin Lord. That they deserve the judgments of God, that they do not deserve the mercies of God. I pray that the whole town would be abuzz with people talking about their souls and what must I do to be saved. I pray Father that by your Spirit's power you would come down upon this town of Kidderminster and have mercy upon the people of Kidderminster and save souls in Kidderminster Lord. I pray that the preaching would come with power and with conviction and I pray Lord that people would have nowhere to hide from you. I pray Lord that they would be, that your Godliness, your glory would be revealed to them in super abundant power so that they would cry out, Men and brethren what must we do to be saved? Father I pray that you would be with the preacher now. Forgive me for my sins. Cleanse me in Jesus blood. Thank you for my salvation. Thank you for my saviour. I commend myself to you now in his precious name. Amen. Amen. Well a warm day but one that's threatening in terms of rain could happen at any time but the forecast was for very heavy rain I think. We'll see what happens but by God's grace the gospel will be preached. Well good afternoon it's my privilege to be here and to declare the gospel to say that Jesus Christ is the saviour of the world. To say that he is the one that will take away your sin and give you peace with almighty God. To say that without Jesus Christ you cannot be saved. Without the Lord Jesus Christ you cannot be delivered from the wrath to come. And without the Lord Jesus Christ you will go to hell. That's why I preach this gospel because I know the Lord Jesus Christ as my saviour from my sin. I have believed on him. I sought him. He found me. He delivered me from my sins. He delivered me from the wrath to come and he gave me everlasting life. Well in the book of Genesis chapter 1 and verse 1 we read as follows. In the beginning God created the heaven and the earth. We are told that there is a God who pre -existed everything. God is eternal. God has always existed. We are told that there is a God who has the power to make all things. To make the universe. To make the planets. To make our earth. To make animals. To make plants. To make us. We are told that there is a God who has that power. We are told that all things are made by God. God has made all things. He is the creator of all things. Now you may choose to believe in a big bang. That would be foolish. Even the scientists now are saying that's been disproven. But you may choose to believe in that and somehow you're going to believe that everything you see around you here today came out of nothing. An explosion of nothing. And bam we have Kidderminster. How did that happen? But the Bible tells us in the beginning God created the heaven and the earth. God did it by his power. The eternal God. The God of all glory. The God who is infinite in his glory. In his holiness. In his power. He created the heavens and the earth. He made the universe. He made the vast expanses of space. He made the galaxies. He made the billions upon billions of stars in those galaxies. God made the heavens and the earth. God did it by his power. He is the eternal God. The living God. Now people say how could God do that? And they say they'd rather believe as I said in the big bang or that everything happened by chance. But I think it's a lot easier to believe in an infinitely powerful God who made all things than to believe in an infinitely powered nothing that made all things. After all nothing is nothing. There is no power in nothing. There is no space in nothing. There is no ability in nothing to create all things. But God made all things. In the beginning God created the heaven and the earth. God did it by his power. But you see we are created in God's image. Verse 26 of Genesis chapter 1. And God said let us make man in our image after our likeness and let them have dominion over the fish of the sea and over the fowl of the air and over the cattle and over all the earth and over every creeping thing that creepeth upon the earth. So God created man in his own image, in the image of God created he him, male and female created he them. So mankind is the pinnacle of creation. Mankind is the greatest of God's acts of creation. Mankind is over the rest of creation, over the fish of the sea, over the birds of the air and so on. But mankind unlike the animals we are created in the image of God. Genesis 1 27 tells us. We have a moral aspect. If we break God's laws we are guilty. Now the animals don't have any moral accountability to God. A fish cannot sin. A dog cannot sin. A bird cannot sin. But you and I are sinners by nature. We are guilty before God. And we are not just animals. We have not just come out of some primordial soup. We are created in the image of God. Male and female we are created in the image of God. God made us. He made us for his glory. He made us in his image, accountable to him. And he gave us a purpose and that purpose was that we should know him, that we should love him, that we should glorify him, that we should worship him, but we have not done that. We have fallen. We have turned aside to our sins. We are guilty before Almighty God. We are all together become corrupt. There is none righteous, no not one. There is none that seeketh after God, the Bible says. So you see the God who made us for his glory, that very God who had the power to create the heavens and the earth, the God who made all things, created all things, according to his wisdom, majesty and power, that is the God whom we have rejected. That is the God to whom we need to be reconciled by repenting of our sin and believing on the Lord Jesus Christ. That is the God with whom we have to do. And we must one day stand before the judgment throne of Almighty God and give an account. You must stand before the judgment throne of Almighty God and give an account for your sins. For your corruptions. For your wickedness. For your transgression of the commandments of Almighty God. You must stand before God and give an account. Every lie, every swear word, God sees it. God knows all about the sinful desires of your heart. And God will judge you for your sin. And God will cast you into hell for your sin, except you repent and believe on the Lord Jesus Christ. That's the way of salvation. That's the way back to God. Jesus said, I am the way and the truth and the life. No man cometh unto me except by the Father. You can only come to God through Jesus Christ. There is no other way. There is no other name. There is no one else. There is no other saviour of mankind. The Lord Jesus Christ. He is the saviour of the world. So we read here, God made mankind in the image of God. Male and female created he them. That means you and I are made in the image of God. We have a moral component. We are created to worship God. We are created to know God. We are created to fellowship with God. We're not created God. We're not created gods. We are not God. We are not gods. We will not become God or gods. We are created beings. We are human beings created in the image of God. We have no divine capacity in us. But we are ourselves created in the image of God. And that makes us accountable. It makes us accountable for everything we do. It makes us accountable for everything that we say. It makes us accountable for everything that we think. And we are accountable to Almighty God for every aspect of our lives. The Bible says the wicked shall be turned into hell and all the nations that forget God. We are sinners by nature. Sin is rebellion against God. All sin deserves death and all sin deserves hell. Mankind was never created to die. We died as a race when Adam and Eve fell in the Garden of Eden. Adam and Eve fell in the Garden of Eden. They took of the fruit of the tree, of the knowledge of good and evil, the Bible tells us, and they ate it against the express command of Almighty God. And in so doing they died. And not only did they die physically, they lived a long time, but they died physically. Death came into the world through that transgression, through the fall of Adam and Eve in the Garden of Eden. But they died spiritually, so that the Bible speaks about a second death, a place called hell, a place which is known as the lake of fire. Again, that is why I have to preach this gospel to you, because there is a second death. There is a place called hell. There is a lake of fire, and men and women will be cast bodily into the lake of fire. There is a judgment to come. There is a wrath to come. That is why we need Jesus Christ, because the only way that we can stand before Almighty God on the day of judgment is if our sins are forgiven in their entirety. And the only way that our sins can be forgiven in their entirety is through the death of Jesus Christ. We must believe on him. We must have faith in Jesus Christ if we are to be saved from our sins. But God made us male and female in his image. That means that God's image is present in every man and in every woman. You see, God has done an extraordinary thing. He has made us human beings. But he has made men and women different from each other. And those differences display or declare the glory of God. They declare his wisdom, his power. It was God who created DNA. It was God who coded the DNA. It was God who made it so that DNA would code for the proteins in our bodies and coordinate the manufacture of those proteins, and also coordinate the construction of our bodies in the womb. It was God who did all of that in his wisdom. But he made us male and female. And if God has made us male and female for his glory, that is a glorious truth. But it also tells us and makes very clear that men can't become women and women can't become men and that men can't be trapped in a woman's body and that women can't be trapped in a man's body. God made us male and female. So you are what God has made you. If you are a man, God has made you a man. If you are a woman, God has made you a woman. And that cannot change. All of this stuff about people changing sex or there being hundreds of genders and all of this stuff or people being trapped in the wrong body is all merely man's attempt to flee and escape from God. It is just another way for us to say we are masters of our own destiny, captains of our own ship. It is the height of foolishness, madness and folly to say that a person can change sex. It is the height of madness, foolishness and folly to say that a person can become a member of the opposite sex or be a member of the opposite sex. It is impossible and most of us are wise enough to recognise that fact. But we live in a generation, we live in a nation, we live in a world where these things are these fantasies, these foolish lies are promoted by our governments and our education system and our healthcare system. Our healthcare system taking away the term mother and replacing it with birth parent which is offensive to women, which is nonsense. A mother is far more than just the person who gives birth, but she is also the person who carries the child. And of course childbirth may be very traumatic, but she is a mother not a birth parent. Her responsibilities don't finish at birth. God has made us male and female in his image and you can't change that, but if we are made in the image of God we are accountable to almighty God for our sins. The wicked shall be turned into hell. There is none righteous, no not one. The wages of sin is death. We need Jesus Christ. We need the one who is the saviour of the world. We need the one who has delivered sinners from sin. We need the one who has proven by his resurrection that he has the power of life and also that he has the power to defeat and to destroy death. And that's the Lord Jesus Christ, the Son of God. Now the Son of God, the Lord Jesus Christ, is the saviour of the world. He came into the world to save the world. He came into the world to be that saviour, that salvation that God has made. We cannot save ourselves. That is not possible. Now in our generation people are very blasé about their souls. Oh they say, oh they say, we'll come to God in our way and God will accept us as we are. But my friends there is a holy God on the throne of heaven, a God to whom we must answer, a God who says we can only come to him one way, we must repent of our sins and believe on the Lord Jesus Christ. That is the only way. A holy God who hates sin, a holy God who has said that the wicked will be turned into hell, who has told us about hell, a holy God to whom we must give an account. And so rightly, if we understand the majesty and glory and power of Almighty God, then we will never ever be trivial about our salvation. God is not to be trifled with. God is a God who hates sin. God is a God who takes sin seriously. God is a God who will cast the sinner into hell. The wicked shall be turned into hell. Whose server's name was not found written in the book of life, was cast into the lake of fire, the Bible tells us. So we must turn from our sins. We must believe on the Lord Jesus Christ. We must seek the Lord Jesus Christ if we are to find the salvation that comes from Almighty God. Now here's a description of the ungodly. Psalm 10, Why standest thou far off, O Lord? Why hideest thouself in times of trouble? The wicked in his pride doth persecute the poor. Let them be taken in the devices they have imagined. For the wicked boasteth of his heart's desire and blesseth the covetous, whom the Lord abhorreth. The wicked, through the pride of his countenance, will not seek after God. God is not in all his thoughts. His ways are always grievous. Thy judgments are far above, out of his sight. As for all his enemies, he puffeth at them. He hath said in his heart, I shall not be moved, for I shall never be in adversity. His mouth is full of cursing and deceit and fraud. Under his tongue is mischief and vanity. He sitteth in the lurking places of the villages. In the secret places doth he murder the innocent. His eyes are privily set against the poor. He lieth in wait secretly as a lion in his den. He lieth in wait to catch the poor. He doth catch the poor when he draweth him into his net. He croucheth and humbleth himself that the poor may fall by his strong ones. He hath said in his heart, God hath forgotten. He hath hidden his face. He hideth his face. He will never see it. Arise, O Lord, lift up thine hand. Forget not the humble. You see, there is always a time when God arises against the wicked. There is always a time when God arises in his wrath and in his sore displeasure and judges. We go to the book of Revelation and the account of the last judgment. We see that there is a resurrection of the dead. And those who died and were buried in their graves are raised from the dead to stand before the throne of God and give an account. Those who were lost at sea and eaten by fish are raised from the dead to stand before the throne of God and give an account. Those who were burned to ashes or vaporized in a nuclear explosion are raised from the dead to stand before God to give an account. There is a day of God's wrath. There is a day of God's judgment. There is a coming day when God will judge the world. And God, my friends, is not to be trifled with. One lie would see us cast into hell for eternity. One swear word, one blasphemy, one covetous thought, one foolish thought, one evil thought. God looks at the heart. He knows you. He knows me. Now I know the Lord Jesus Christ is my Savior. I know what the Lord Jesus has done for me. Though I am a hell -deserving sinner, though my sins are very great, yet they are forgiven. And I have received mercy from Almighty God through faith in the Lord Jesus Christ. I know that mercy. I know that forgiveness. I have found that salvation that comes from God. And I have obtained that mercy. You see, it is the blood of Jesus Christ that cleanses us from all sin. He was taken by cruel hands. He was crucified. He was nailed to a cross. He was raised up between the heavens and the earth. The Lord Jesus was crucified. He died in the place of sinners. He laid down his life in the place of sinners. He loved sinners. He gave himself for sinners. And he is the propitiation for sin. That means he turned away the wrath of God from the sinner. God's wrath against sin is exceedingly great. If you were to tell one lie, you would go to hell for eternity. If you were to tell one lie, you would go to hell for eternity. And in eternity's time, which is never, you still wouldn't have paid for that sin. And God's wrath would still be justly kindled against you for your lie. That's how serious sin is. That's how holy God is. Hell is the just recompense and reward for sin, for lies, for swearing, for blaspheming God's name, for unbelief, for wickedness of every kind in our hearts. And we have all sinned and fallen short of the glory of God. There is none righteous, no not one. We are guilty before Almighty God. We are under the wrath of God. We need a saviour. We are ruined, damned, wretched, lost. We are vile and corrupt. God sees us in our sins and He will cast us from His presence into everlasting fire and torment, into hellfire because of our sins.
Cinemavino
A highlight from Amadeus
"And welcome back to cinema vino. It's good to have you guys here with us. Ahoy, bitches. Yo, yo, yo, yo, yo. Got Travis Budd. One ones and twos. Sean Jordan. Threes and fours. Then Taylor Owens. Yo. And I'm playing nothing but the kick drum the whole night. Seven Nation whole time. Exactly. I'm Meg White the whole night. She rocked that kick drum. She did. She was four on the floor. One of the first songs I ever learned on drums. Yeah. Super easy. It's very straightforward. That and smoke on the water on bass. Just yeah, it's easy. Bam, bam, bam, bam, bam, bam, bam. Exactly. Summer chaos for us continues this week with my pick Amadeus. And I'm not exactly even sure why I picked this. I think it's something I hadn't seen in a while. Yeah, I think we had talked about wanting to do Amadeus. Yeah. And I think a clip of it probably popped up on YouTube because we talked about it. I was like, man, I don't really want to go back and watch that. It's been a long time. Yeah, I think since I was a kid. So it was interesting now. And then now watching the director's cut. So Travis, did you watch the director's cut? Yeah, I yeah, that was the first thing I saw. I got time. I think I watched the director's cut. Yeah. Not positive. And you did not. I did not. Yeah. I'd be curious to see you right here is talking about it. See what the differences are. Yeah. It was a scene. I was like, what the hell? Yeah. I think I watched it like three or four weeks ago at this point. Yeah. It's been a while. Yeah. It's been a minute. Wow. Bring it back up speed. So with this one, it was actually luck. So I did all regions for this wheel that we the random wheel picker and it came up for the Italian one. So that kind of fits the movie a little bit with Salieri. And so for this one, we have a Rosso de Multipulciano, a Prunello, which is fun to say. Yeah. Prunello is just a Sangiovese. It's another fancy way of saying Sangiovese. I think Sangiovese is a fancy way of saying Sangiovese. Exactly. So this comes from Multipulciano, which is a small town in the Tuscany region of central Italy. Sangiovese from this region get age one to two years in oak barrels or three if they are a reservo. Sangiovese is a classic example of what's called old world wine. So as the name implies, these wines exhibit, they're acidic, they're tannic, they're kind of bold, full bodied. This one has a lot of depth and complexity to it. You could do this with big, heavy Italian dishes, pizza, stuff like pot roast, just big meals in general. I mean, I think I get a lot of fruit on this one, kind of dark like current flavors. It's earthy. It's a little bit like oaky flavored. I mean, it's just a big, full bodied red wine. This is a classic, like heavy European wine. But yeah, I think you could do this with pizzas. I'm told you can do this with lamb. I don't eat a lot of lamb. I don't eat any lamb just because I was raised on the farm with lambs, so I can't eat it. But people have said that this is a good lamb pair. You can see that. But yeah, this is about a $25 bottle of wine. This is the Boscarelli Rosso di Multipulciano, just the region. So basically, this is like a red from Multipulciano. Sangiovese is one of the grapes you'll find in Chianti. So it's one of the components of Chianti, which is also in this region of Italy. So there you go. It's good, tasty. Exactly. A little bit about this movie, a little background. So this was released September 19th, 1984, coming up on 39 years ago. Grossing $90 million against an $18 million budget, nominated for 11 Oscars and won eight, including Best Picture, Best Director and Best Actor. F. Maria Abraham, who won Best Actor. He was competing against Tom Hulce, who was, it's the last time in recent memory that both two actors from the same movie were nominated for Best Actor together. Last time I heard Tom Hulce's name. Or my favorite, Pinto. Yes. Yeah. Only thing I can think of that he turned up in after this was Hunchback of Notre Dame, the Disney. He was the Hunchback. He's typecast. Exactly. So this was written by Peter Schaffer, who adapts his own stage play. He would also win the Academy Award. Mark Hamill was in the front running to play Mozart in this movie. I actually read that. But was not cast because the director felt he would be too recognizable as Luke Skywalker and he would be a distraction. Kenneth Branagh was also in the running for, but the director preferred American actors for the lead roles. He wanted to keep it for an American cast. They were like, you know what this German really needs? An American. Yes. Good, solid Midwestern accents. Let me do this some good. But yeah, this is a, it's a quasi biopic. It has the feel of a biopic, but it is not historically accurate. This is a fictional fictionalized version of Mozart's life. Okay. Basically Mozart's death was so shrouded in mystery that basically people like don't know what happened to him. And so this is like the, the play kind of imagines what might have happened. So it creates a rivalry between Mozart and Salieri. I mean, this is my head cannon though. Yes. This is what happened. Yes. Well, this is the only reason what people know Salieri's name and they, and when you say Salieri, they're like, oh, it's an archenemy or you're jealous. It's now, yeah, it's a trope of like the jealous, treacherous, mediocre person who's jealous of what he can't have. And so, and so basically, you know, Mozart died at 36. He's very young and no, they didn't have a good understanding of medicine. Obviously nobody really knows what happened to him. It's been everything from like some kind of mystery to poisoning like, you know, some kind of virus that, you know, they didn't ever identify it. It just kind of happened quickly and nobody knows. He just kind of ended up dead. That's what we now know is the day the music died. Yeah. That's before even Ritchie Valens was born. Who? Exactly. So basically this movie imagines that Salieri was the jealous, mediocre, you know, very ambitious, but underachieving composer who was, you know, basically killed Mozart by having him compose the Requiem, which he ended up never finishing. So it's almost like an unrequited love for Salieri. Yeah. You know, because he's so passionate about music and he's like, this gripped me from the day that I heard music. It's all I ever wanted to do, but I'm so bad at it. Yeah. Yeah. I mean, he's almost like an Ed Wood. So mid. Yes. Yeah. He's not terrible, but he's passionate and it's like, he loves Mozart's composing. He's just so insanely jealous of it. He could only become the court composer for a court where the King had terrible taste. Yeah. And it's like, to me, it's that thing about how you can only rise as far your ceiling is how far your talent can take you. It's like, you can work hard, but that will only take you to a certain point. It's like Mozart, which is blessed by almost like supernatural talent that came to music. I mean, he was a prodigy. He had just a natural ear, but that was like one, you know, one of the most talented musicians who ever lived. And it's like, you know, he was given, you know, automatically what Salieri prayed for and would never even got close to it. It's like Good Will Hunting. Yeah. Yeah. Oh yeah. You know, anybody else think that Salieri, like after watching it and I watched the director's cut, I'm like, Salieri should have been like a fucking Baker. Cause he's always like offering people food and they're like, Oh my God, what's this? It's cream cheese, cream cheese with spun sugar. And this, once you have these nipples of Venus, you know how they make it, they do this and this and this fucking cheesecake cheesecake. It was like, dude, just pivot. Just be a fucking Baker. Yeah. The Baker. I mean, you got that. He was definitely in the wrong trade. Yeah. You know? Well, not that he sucked at it. He just wasn't as baller. Nipples of Venus would be a great band. Yes. And it's like, he punished himself with chastity and all these other things. I mean, it's like he put himself through punishment to achieve his goal because he just immediately attributed all his success to God. And he was like, this is what you want. You want me to be celibate? I'll do it for you, buddy. And then renounced God. But once he truly saw like Mozart's was the marriage of Figaro, I think is where he chucked his cross into the fire. Now, see, that was cooler when Gary Oldman did it and then became a vampire. Yeah. Salieri does the same thing. He should get some vampire powers. Yeah. Can you imagine like the devil comes and it's just like Salieri. I will make you a great composer. That would have been a great movie. Yeah. That would be a great alternative fiction for this is like the devil comes along and Charlie Daniels style makes a deal with Salieri and says, you know, you can, you can have it all, but played by Nick Cage. Salieri gets to fuck all he wants, you know, would have been a different film. Yeah. Yeah. Could have all the nipples of Venus. Vamp dick. Yeah.
The Cryptoshow - blockchain, cryptocurrencies, Bitcoin and decentralization simply explained
A highlight from #456 WORST WEEK SINCE FTX!! Whats Next??
"Welcome to The Crypto Show, your podcast for everything around crypto, blockchain, bitcoin, and more. Here is your host, international blockchain expert, serial entrepreneur, and investor, Dr. Julian Hasp. The worst week in crypto is behind us since the crash of FTX last year. My goodness, what a week, especially Friday, Saturday, I think, or Thursday, Friday, depending on which time zone you're in. It was brutal. And I want to discuss what could be the potential reasons for the crash. I want to discuss how long is this crash going to keep going. And obviously, I want to discuss what are other things that we need to look at. So let's get going. We're going to start with crypto. Normally, we've always started with earnings. We've started with macro. This is completely irrelevant right now. Someone is selling bitcoin and is selling it aggressively. Now, obviously, the big reason for the massive crash were all the liquidations that got built up. Why these liquidations? Well, it's very simple. When the market goes sideways, people get very boring. They are overconfident and they build up these leverage positions because they want to make money even out of the small volatility. A lot of those people who use a lot of quant models during those times, for example, they start realizing that the volatility is way too low. Then they start building the positions, get well confident, and then bam, over a billion dollars got liquidated in 24 hours. And so this just kind of highlights again, don't trade dollar cost average, invest for the long term. Now, there was a trigger. And the question is, what was that trigger? And there are several factors. First, and that was kind of the big rumor here, SpaceX slash Elon Musk selling bitcoin. Now, I want to be very clear, there's absolutely no evidence to that. It could easily be that SpaceX and Elon sold bitcoins. But absolutely it's that there's no evidence in that that this actually had anything to do with the sell off. Sure, it may have exacerbated it with the news, but if those bitcoins were sold, then they got sold already way earlier. So completely irrelevant, in my opinion. If that had been the case, then I would expect a bounce back up relatively soon. Now, I don't think that was much of a case, so I'll discount that. Number two was the Evergrande debacle, where Evergrande is filing for Chapter 15 bankruptcy. Why Chapter 15? Very simple, in comparison to Chapter 11, which basically puts all the assets into the US jurisdiction. Chapter 15 only segregates those assets. Now, a lot of people are talking here that this is a very smart move from Evergrande Everyone who invested in the US because they only get what are the assets in the US and they kind of segregate everything out from the rest of the market. So this is obviously a key topic and it's definitely part of the issue. I want to be very clear, we also saw this with stocks. Stocks also sold off quite heavily, so something to really kind of keep in mind. Let's see how this kind of goes on. It's going to be interesting to see, is China going to support its local investors? Yes or no? And I think that's going to be a key kind of focus point. Now, obviously, topic number three is the entire story around Michael Burry. I had discussed this last week already. People knew that it was not $1 .6 billion as a short bet, but then there's just a lot of iffy stuff going on in the markets. People are worried about recession, people are worried about things not going so well. So there is some belief or there's some credible kind of story that, well, it's just not going well. And so people are on their toes, right? I think there's no secret about this. You feel this left and right. And so with all this, it does make sense that people are just a bit more on the worried side. And I do think that kind of just helped that kind of crash, but I don't think it was probably the main kind of consequence. One that I kind of threw around, because at that point it wasn't clear if it was going to have an impact or not, was the entire Grayscale stuff. Now, the Grayscale stuff is the only ETF. If that one gets approved, then we're going to see a strong sell -off in Bitcoin. And I know a lot of people don't understand that. But the reason for that is very simple. These Bitcoins in Grayscale are already sold. They got sold. Otherwise, there wouldn't be a discount. So these Bitcoins are basically sitting in limbo and are just waiting to hit the public market. And this can only happen once either Grayscale actively decides to do this. And they don't want to do that because they are making 2 % net on that. And they know exactly what's going to happen. At the moment, that discount is whatever, 20%. So there's a couple billion dollars that are just waiting to hit the market. And that would cause a massive crash. Now, once it gets converted to an ETF, then anyone can do this. And what the trade would be that people are going to use US dollars, they're going to buy Grayscale. So Grayscale is going to go up slightly. So they buy back those Bitcoins that are in limbo. They are not going to buy new Bitcoins. They're going to buy those Bitcoins that are in limbo. And then they're going to use a short position on Bitcoin futures, pocketing the difference, which is like a 20 -25 % net gain. So I would do this trade if I would have the information up front that there's actually this conversion. And I had this speculation that on Friday, there was going to be news around this. And so a lot of people front -ran that. Now, there's the story that this may only happen on Tuesday. I don't know. So we're going to see. And the odds of there nothing to happen is actually the highest. So I just kind of said, hey, look, guys, this could be one of the reasons. And I still think it could be one of the reasons. I want to be very, very clear on this. So let's see how this Grayscale story is going to continue. Again, it's the only ETF, if that thing gets converted or gets approved, then I think that would be bearish for the Bitcoin price, especially in the short to mid -short term. Now, let's go to two reasons that I think are very possible. So I think those reasons so far are okay possible or okay relevant. Let's say it this way. Binance. Big, big, big topic. Story is that Binance has a BNB liquidation level at $212. I want to be very clear. A lot of this is rumor. There's not much substance to kind of put a lot of evidence there. So people have been sharing all kinds of flaky kind of things. They've been sharing screenshots, transactions. Again, I think it's I would give this like I'm not saying this is not possible, but I would probably give this. Yeah, like if in court this would never hold. Right. So I think this would this is way too much kind of hocus pocus and way too little of substance. But there is a strong possibility that Binance needs to support the BNB price. We that know Binance bought a lot of Bitcoin and a lot of ETH in the first half of the year, especially in the first quarter of the year, actually, in January and in March. And we know this for a fact. We see the transactions. We know that. We know they sold off their BUSD and we know they bought a lot of Bitcoin and ETH. And that is actually the reason why crypto did so well. That's the number one reason. And now we know Binance is sitting on this and they're going to keep sitting on Bitcoin and ETH simply because they don't want to go into anything else. They can be censored or seized and so on. Right. So they need to have this decentralized asset pool. And obviously, they're going to have loans versus BNB because that's going to allow them to get access to other funds without having to sell those BNB. And the BNB are absolutely central to the ecosystem. So there is this strong rumor that Binance sold off Bitcoin super aggressively on Binance and on OKEx. That's at least the kind of the data here. And caused that this price drop massively down. So it could be. Now the question, right. So this is the first actual reason. Obviously, Grayscale is also a reason that's going to continue. But that is a reason why we may see more pain ahead. That's really, really important. The Michael Burry story, sure, but that's a fundamental big thing. The Grayscale stuff, I mean, that's just a question on is this Grayscale stuff going to get approved. Both SpaceX, that to me is more like story and more emotions. Evergrande, sure topic. We're going to keep seeing this. But this Binance stuff is going to be something that's very, very, very dangerous. And I mentioned this a couple of times. Binance is the reason why the price went up. It may be the reason why the price really, really goes down. And we have seen this now. So let's see. And that's going to be a key focus. And the other point that's obviously very important is to know that obviously the US has over a billion US dollars of Bitcoins that they want to sell. And we have seen fund movements in July about this already. And now, I mean, we're talking about 300 million US dollars back then. And so there is a high probability that part of these funds actually got sold now. Now, we don't know that. But I just want to point this out. Now, the interesting thing about this is that if this is a reason that why Bitcoin went down, then this would stop now. Because at some point they sold them and that's it. And so very, very interesting, very kind of questionable to ask for the week. So it really depends on what are we going to find out. Do we find out that it was Binance? Sure. I don't give much to this tinfoil hat theory that this is just like large banks trying to manipulate the price down. I mean, everyone always says this about their investment. This is just the big banks manipulating the Bitcoin price down so that they can get an entry point. I don't know. I mean, sure, maybe. But this to me is like always just the coping mechanisms of people who just don't want to deal with the fact that their price just went down. And they're trying to kind of tell people on what the price is going to go up soon because people just sold to buy. I don't know. So that to me is always a bit of a tricky one, to be honest. I don't give this too much credibility. And so it's going to depend a bit on this. Now, from that, and that's going to be the main focus obviously in crypto. I think that's going to be key. Bitcoin is going to set the direction here. But I have to say, most altcoins actually outperformed over this period. And that's quite crazy, right? Ethereum outperformed, DeFi chain outperformed. Most of the altcoins actually outperformed Bitcoin over the weekend since Thursday, simply because it was really Bitcoin who was pressured with the price. And so that kind of clearly shows it was Bitcoin that sold off. And I mean, yeah, it was also the asset that was mostly bought in the first quarter of the year. And then obviously with the Bitcoin spot ETF hopium in Q2. So kind of makes sense that it's also being sold off right now. Now, we do have two macro things, in my opinion, or two non -crypto things to watch this week. We have Jackson Hole, where the Fed is going to make a few speeches and talks and kind of shares a little bit about their thinking. I think that's happening on Thursday. So that's definitely something to watch that's going to give us a bit of an idea. Are we going to see higher interest rates for longer? Does the Fed think that, you know, we need to actually print money to pay off debt, which then causes obviously potential inflation? That means we need to have high interest for longer. So kind of this cycle of how am I going to repay debt that no one else wants to buy? Well, I just print the money myself. I basically debase my own money. So that's kind of a bit of a, that's going to be a bit of a story. And the other one is going to be Nvidia. Nvidia is the last kind of company to report, very separate from the rest of the group. Why is this relevant? Why? Well, it's going to tell us a little bit about AI. And that's going to be key to understand here. How is AI going to go? And look, AI has been a main detractor away from crypto. A lot of VC funds, a lot of entrepreneurs and so on that normally would go into crypto now going into AI. And so that's going to be a key focus point. It's going to be very interesting to see. And that's definitely something to watch out for. So I think that's crucial. On the big side, on my company side, dollar cost averaging going strong. We're raffling off a lot of beautiful things. So if you're not dollar cost averaging yet, check this out. We're also going to be launching a few cool things this week. So I think that's interesting. A few updates. If you haven't downloaded our app, go to big .io. The DeFi chain improvement proposal just got approved about staking the collateral ETH. So those are going to get staked and those ETH are going to generate cash flow. This ETH is going to be used to buy and burn DFI. So that's going to be an interesting one. So yeah, very, very smart move, in my opinion, from the community to go this direction. So that should be very strong for the DFI price. Obviously, Testnet. I think the final version of the Testnet just got uploaded to GitHub. So if there's no further bugs found or no further things found, that's going to be the version that's going to go into mainnet, fingers crossed. So we are on a good track here. Yeah, mainnet isn't too far away now. That's quite exciting. So a lot of very constructive, supportive things in all this. But let's see. I mean, at the end, it's really going to depend a bit on what's the dollar price of all these things doing. My tip for you, focus on things that you can control. Don't trade dollar -cost average. Focus on your business, on your work. Focus on yourself. I don't know. Go to the gym. Go running. Focus on your family. Focus with friends. I just had a beautiful barbecue yesterday, Sunday, with friends. So look, that's the key thing. And so, yeah, with that, I wish you a beautiful week. All the best. It's a rainy morning here in Singapore. Stay safe. See you next time. Yours truly, Julian. Bye -bye. Unfortunately, we are already at the end of today's episode. If you find the crypto show helpful and would like to continue being a part of it, don't forget to subscribe so you are notified when we have the next episode out. If you want to do me a huge favor, please leave a review. It literally only takes a few seconds, but it helps the podcast platforms to rank this show. Hear you next time. Julian.
CRYPTO 101
A highlight from Ep. 559 The World of Magic Edens NFT Marketplace
"All right, everybody, Bryce and Pizza Mind here coming at you with some big news. Pizza Mind, how are you feeling about this big news? Well, change is scary no matter what it is. But this is going to be a change that's going to benefit everyone involved. Even if it sounds scary at first, once we get more comfortable, I think people are going to be very, very happy. Go ahead, Bryce. Make the announcement. Yeah. So Pizza Mind, you know, we started this company together, what, four years ago already. And life changes. Pizza Mind wants to take on a lot more. OK, he wants to take on more, more, more. But what does that require him to do? It requires him to kind of go out and travel and become one with the world and become one with crypto conferences and get all sorts of different advisorships and with his day to days here, which is insane day to day, insane hours. You know, ultimately, he wants to be able to have a little bit more freedom. And we think that what we're crafting here together is actually going to add a lot more value, giving Pizza Mind this new level of freedom to go out, travel, network and actually make our community a lot stronger by him being boots on the ground out there. And it's, you know, it's just going to result in, you know, you and me actually seeing less of Pizza Mind on a day to day basis. So Pete's probably won't be as active in our community, but you bet your bottom gold and Bitcoin he's going to be reporting back what he finds. I'm sure you'll join us, you know, once or twice a quarter to report back. And when I find really good things that I want to invest in, you can bet I'm going to report back. I'm still here for you guys, but I'm going to be traveling around the world, taking on a slightly different role as more of an outside correspondent going forward. All right, everybody. Welcome back to another episode of the Crypto 101 podcast. You guys know what time it is. We're bringing on more legendary builders in the crypto space. Pizza Mind, I'm particularly excited for this one. And I think anybody at home who's listening will be, too, if particularly if they're interested in learning about NFTs. What would you say, Pete? I would say there's going to be a magical episode. And why do you say it'd be so magical? Because we have co -founder Joshin from Magic Eden on the show today. Bam. Yes, let's do it. Zed, aka Zed from Magic Eden. How's it going, man? Yo, what's up, guys? Thanks so much for the tea up. No one's ever done a magical episode before, so that's dope. Yes, Pizza Mind is legendary for his puns, but no, we're excited, man. You guys have been building incredible, really cross chain NFT tooling and an awesome platform for a year or two years. We want to know the whole founding story. We want you to just kind of tell all. But before we do that, let's just get acquainted with you. And who are you and what were you doing really before founding Magic Eden? Yeah, for sure. Excited to be on here. So thanks for having me. I first got into crypto in about 2017. My background before that was a little bit all over the place. I tell people that I did actually spend about a year of my life in my pre -crypto days doing mining. And people think they automatically assume that that's kind of some kind of Bitcoin mining or Ethereum mining or something. But I was actually working in underground mines. Literally was in like a uranium mine for like a year. And that's how you got your superpowers. That's not going to make sense. Yeah, you could call it that. But this was back in another lifetime. I'm from Australia, hence it kind of makes sense that I was working in mining at the time I was in a consulting firm that put me there. And then I moved to the US in about 2015. Yeah, generally just been a very inquisitive dude. Like, I just enjoy getting into new technologies. And around that time when I moved to San Francisco, there's no shortage of interesting things going on. But one of those things was lucky enough to kind of come across crypto. Had a few friends who were working at Coinbase, sort of 2015, 2016 era, and was lucky enough to kind of learn a bit about Bitcoin. And then in 2017, all this stuff started happening on Ethereum. And in many ways, it's kind of funny, like the 2017 ICO boom was very analogous to what happened with NFTs in 21. And that's when I first got interested. I ended up joining a team, DYDX, as a second employee in late 2017, early 18. Shout out to those guys. Antonio was on the show recently. Oh, sick. Yeah, solid, solid guy. And anyway, I spent a few years there, learned an absolute ton about what it takes to build in crypto. I mean, we went through obviously the cycles, went through various rounds of product iteration. He's famously known for kind of like throwing away the previous thing and making 10x bets, and I really, really, really admire that. I spent a little bit of time at Coinbase after building institutional products, which is really interesting as well. That was during the time when hedge funds and corporates macro was really full into Bitcoin. And then I left in sort of like mid -21 and we started Magic Eden in September of 21. And the whole kind of founding story is that we were all DJ -ing on the side, doing our own little thing, right? We were trading NFTs, we were obviously part of DeFi summer before that. And we started using a bunch of different things on all the chains. I remember I had Avalanche wallets, I had Polygon wallets, I had Solana wallets. We were just kind of using all kinds of things. And there was something magical when we first used, first set a Solana transaction because it was so fast and so cheap. And we thought that immediately if NFTs are sort of the consumer use case, there must be something that happens on a chain that is much more performant. And that was the original thesis.
The Aloönæ Show
A highlight from S12 E15: Exploring Music, Houston Roots, New Single
"Hello, welcome to The Ohlone Show. I'm your host, John Mielelone. In this episode, we don't have any regulars, because reasons, you know, the same stuff. As for our guest, she's from Pittsburgh and Houston, currently living in North Carolina. She's a songwriter and a performer. Ladies and gentlemen, I give you, Pam Ross. Hello. Hello. So, how's life? Can't complain. Busy. Very, very busy. But going well. Busy in a good way. Fabulous. And have you been up to much recently? Yes. I have an album and I'm releasing one song every two months. So, I just released my fifth single from it on Friday. And it's already doing really well. And playing a lot of shows. You caught me on a night off, actually. So, yeah. Just doing a lot of releasing songs, performing. A lot of different interviews and things like that. Very good. So, what brings you here, exactly? To speak to you? No, I meant in your career. Well, Oh. what brings me to this? Music is what I've always loved to do, really. I've done other things, but everything always comes back to music. Ever since my first memories, that's always what I wanted to do. And I started writing songs when I was really young. I'd just get little beats in my head and I'd start putting words down to them. And eventually, of course, I started playing guitar and started writing songs. And it just kept building from there. Very nice. And how long, exactly, have you been doing this for? Oh, goodness. I have been doing this most of my life, really. So, I'd say since the late 90s. Oh, that's long. Yeah. Most of my life, yeah. Impressive. Are there any music artists you would like to collaborate with someday? Well, right now, actually, I write alone. But sure, there's people who I love, who I'd love to write with someday. I don't know what Dave Grohl is up to. He'd like to get together and jam. I'd certainly love Elton John. If he ever needs any lyrics, I'd love to help him out if Bernie's busy. There's always a lot of people that you love and you've spent your life listening to, like to get together with. That was just a couple. All right. Very good. So, what was life for you growing up? Normal, I guess. When I was young, I lived in Pittsburgh. Suburbia. You know, typical suburbia town, small town. And single parent, just my mom. And I have two sisters and a brother. Just, I don't know. I don't think there's anything extremely abnormal about it. Typical U .S. suburbia, really. All right. That's cool, I guess. This is a question from the top of my head. Have you ever thought about sending mail to Bigfoot? No, I have not thought about sending mail to Bigfoot. I think it's the same problem with Santa Claus. I don't know the exact address and I don't think it would get there. But, you know, he's elusive too. He's not big into contact. He just kind of comes out when he wants to say hi. So, I don't even know if he would answer if I wrote him. Fair enough. I can see that. How much time do you spend on the internet? Far too much. More than I like. But, you know, Facebook, Instagram, you know, all the social media is a necessary evil in the music business. You have to be on it. You have to be doing it. So, I definitely spend a lot more time, a couple hours a day on it. Which I would much rather be playing my guitar and writing, playing keyboards, anything. But it's something you got to do. Very good. Is it better to use shampoo or soap or soap as shampoo? I'm going to go with the shampoo. Yeah, I think it's better for my hair than just regular old soap. Yeah, shampoo and conditioner. Very good. Would you rather have extra fingers or extra toes? I'd go with extra fingers as a musician. You know, I could probably come up with some really cool chord formations on guitar. And imagine what I could do on the keyboard with an extra finger. Oh, yeah. Oh, yes. Very good. That'd be pretty cool. That would be, yeah. Oh, yes. Would you ever try space tourism? No, not at the moment. I don't think I'd make it back safely. And I'm not really big on heights. I don't even really like to fly, period. So, shooting into space is not on the list for me right now. Yeah. There's no little wire holding you up there. You're just up there. So, now I'm going to skip on the flight to space thing right now. All right, fair enough. Who was the last person you talked to? My wife. Now, on person or on the internet? Because the last person I talked to literally would be on the internet. And that would be my manager, Michael Stover. Last person I talked to on person was probably my wife. Oh, okay. That makes sense, kind of. Yeah. Would you rather speak all languages or talk to animals? I want to talk to the animals. I have a dog and two cats and I wonder what the heck they're thinking sometimes. I'm watching a squirrel out my window right now. What the heck's he thinking? I'd like to talk to the animals. Ah, very good. What improved your life quality so much you wish you did it sooner? Probably Hmm. got back into music. I quit for a little bit. So, I would say I wish I wouldn't have taken that couple year lull and got back into it a little bit sooner. Because I felt a whole lot better once I got back into it. Ah, okay. If your mind was an island, what would it look like? Oh goodness. It'd probably be a massive jungle. It'd have all kinds of crazy trees and shit growing in it. It'd be crazy. It'd be a mess. Yes, we've all been there. I'm constantly thinking. My mind's always racing. It'd be an overgrown kind of jungle island. Yeah. What is your favorite life hack? Life hack? Describe life hack a little better for me. Alright then. So, life hack is something that is a little cheat code like in a video game that just makes your life a whole lot easier. You do it once, so simply, and then boom! Your life is much more convenient than it is already. I don't like that. You mean like turning on the A .C. from my bed? I love doing that. Turning the A .C. up and down from not having to get up and do that in the middle of the night. Oh, okay. That's a pretty good life hack. It's awesome, actually. You wake up, you're warm. Just reach over, grab your phone, turn it down. It's beautiful. Ah, yes. What is something popular now, but in five years, everyone will look back? Well, everyone will look back on and be embarrassed they liked it. Oh, you know, I'm afraid to say because right now it's popular and people are going to be like, What did she just say? Did she just say that? And freak out. It might actually happen at some point. Yeah, I'm thinking rapping and country music. Okay. I think it's already kind of starting to decline a little bit. But yeah, I think country music is kind of moving back more towards its rootsy side, 90s side. So I'm thinking it's kind of something that people are going to look back on maybe and be like, Huh? Ah, okay. But I could be wrong. I could be wrong. It could be worse. That is all. What is the most comfortable piece of clothing you own? Sweatpants. Sweat shorts, either or, depending on the weather. Definitely. Sweat shorts right now. Ah, yes. They're good. Very comfortable, too. As they should be. Would you consider yourself to be an extrovert or an introvert? I'm probably more of an extrovert. As I get older, I kind of, you know, don't mind being alone so much. Maybe I get a little more introverted. But yeah, I love being out there on stage and playing and meeting people. Ah, nice. Would you rather never age physically or never age mentally? Well, I don't think it's good to not age mentally. I think it's a good thing that we start thinking a little more rational as we get older. So I'm going to have to nix that one and go with the other. Okay. If you could get an exotic pet, any animal at all, what kind of companion would you like to have? I want an elephant. I love elephants. I just think they're really cool. They have great memories, they have emotions, they actually cry. Oh. I never knew that. Yes, they do. They actually shed tears and cry whenever they're sad. I never thought of it that way. What do you disagree with most frequently? Well, I meet a lot of different people, so what I most often probably disagree with people is something political. But I don't want to talk about it or say anything about it because I keep those things to myself. Okay, fair enough. What could you give a 40 -minute presentation on without any preparation? Songwriting. Ah, that's a good one. As long as I don't run out of material, but I could definitely talk for a while on that. I'm actually giving a talk on that in July at a film festival. Oh, that's convenient. Yes. Which reminds me, thank you, I do have to write some stuff down. I've been working on that. I've got a 30 -minute presentation to do. Ah, yes. Well, convenience. If someone wrote a book about you, what do you think its title would be? Hmm, man. I'm not sure on that. Let me try to think here for a minute. I don't know. Honestly, I don't know. You caught me on that one. Okay, that's cool. There's always time for reflection. Yes, I'll keep it in the back of my head. Yes, very good. What should they teach in high school, but they don't? Hmm. Well, I'd like to say common sense, but when we're in high school, we're not ready for that course anyways. probably So, something financial. How to deal with your finances whenever you leave home. I know that for something. I was kind of like that. I'm like, ah, money, who cares? You know, when you're young. So probably, I think when we're young, we probably need to learn how to handle our money better. Yeah, I agree. There's always come a point that you have to use money wisely, or else who knows what's going to happen. What kind of music do you often listen to? A wide variety. Like, I can't say I listen to one particular genre over another. I listen to a lot of old, you know, older rock, roots rock, newer rock, you know, stuff that's still coming out today. A lot of country music. More so, I would say, the older, like, 90s and early 2000s, but really all decades of country music. I like blues. So, I really don't have one particular type that I stick with, and that comes out a lot whenever I write, because I'm always listening to different styles of music. Okay. It's nice to have a wide variety, just like myself. Yeah. Yeah. What is your favorite season? Fall. Ah. Well, you know, it was always fall because in Houston, it's really hot. And I like it hot. I'm not complaining. I like it hot. I lived on the water. But when it got to be August, you know, after like a couple months of 100 degree plus weather, you're like, okay, I'm a little tired of this. It starts kind of wearing on you, especially, you know, I like to go running. So, it's 105, 110 out every day. So, when you get to September, you start getting a little break in the weather, and then there's football and, you know, Halloween's coming up. So, there's a lot of things to look forward to. That's why I always liked fall. But now that I'm living in North Carolina, fall is just starting to represent cold weather to me. I don't like cold weather. Ah. So, it's lost a little of its pizzazz living further up north, but I still love fall. Yeah, me too. What takes a lot of time to master, but it's definitely worth it? Well, for me, I say patience. It takes a lot of work. Maybe that comes naturally for some people, but I think for most of us, it takes a lot, a lot of work to be patient. Yes, absolutely. What show, actually, if you had a song for every time you entered the room, what song would that be? Oh, goodness. I have no idea. I really don't know. I don't know. That's like one of those, I'll have to get back to you on that and think about that for a while. That's all right. That's cool. Well, besides where you are now, if you could live anywhere in the world, where would it be? Anywhere in the world that I could live. It's hard to answer because there's a lot of places I haven't been that I might really want to live at, but right now, I'd say maybe back home in Houston, down in the water. Yes, down in the water. The nice hot, sizzling weather. Yep, yes. I miss the water. I'm definitely an ocean person. Oh, okay. Intriguing. All right, this is another question that just, bam, just right in my face. Okay, let's do it. All right then. So, have you ever heard of a different, do you know what the bourgeoisie is? Nope. Okay, that's interesting. So there are two kinds of bourgeoisie's. There's the one definition a lot of people know of, which is like the rich, the upper class kind of people. But then there's the other kind of bourgeoisie, which is the bird. The bird? Yes, the bird. Okay. And it's like a flock in a crowd, observing your every move. It's like big brothers watching you. Ah, okay. So yeah, have you ever thought at some point until now? Have you ever thought about... Have you ever thought about the bourgeoisie as in the bird up until now? Nope. Well, now you know. I do. I am a more enriched person. Thank you. You're welcome. If your life was a meal, what kind of meal would it be? Let's go back to the song about when I walk in a room. Okay. So what song would it be? We'll do Barroom Blitz. I don't remember who wrote that, but Barroom Blitz. Ah, very good. It just popped into my head. All right, cool, cool. So if your life was a meal, what kind of meal would it be? I'm not going to say. Is it a bit touchy, a bit triggery kind of? I'm really not sure what to say about that. That's all. Okay, that's cool. I'm actually like that most of the time. There's always a question. I don't know how to answer it because my mind is blank. How many countries have you been to? I think only three, really. Yeah, three. I've been all over the United States, but as far as actually leaving the country, I'd say about three. Ah, all right then. Do you have any pets? Yes, a dog and two cats. Oh, that's nice. If life is a game, like some people say, what are some of the rules of the game? So Hmm. we're making up rules to a game. Oh, life's a game. What do you think are some of the rules? Let's make up some rules. All right. Hmm. Well, the rules that we're supposed to have, you know, like, you know, trying to compare it to Monopoly, I think, trying to come up with rules like we have in Monopoly. Okay, that's interesting. You know, speeding, you lose $200. Oh, dear. That's unfortunate. Yeah, things like that. I guess that's kind of what I think of. All right. So I think I would say the rules to this game is you must always be chill. You've got to stay calm because you never know if things are going to just, bam, right in your face. Yes. There's always some kind of surprises somehow. So, yeah. Yeah, I would go along with that. You have an open mind. I like the chilled part. You've got to take chances. Yes. Seize the opportunity. Yes. Because eventually, once it's too late, it's too late. Life will pass you by. The game will pass you by. Oh, yes, indeed. I think that's pretty much it, really. It's as easy as that, honestly. All righty. Yes. Well, thank you for those crazy questions. Those were definitely... Yes. You're welcome. But it was cool, though. No idea what was coming. Very unique questions. I enjoyed it. Yes, me too. It was great having you on, Pam, talking about your music career and your next journey, your next chapter. And hopefully, there's much more yet to come. There is. I can assure you of that. Yes, absolutely. And until next time, stay tuned for more.
SI Boxing with Chris Mannix
"bam" Discussed on SI Boxing with Chris Mannix
"Yeah, you don't have a problem going into hostile territory, whether it's the Valdez fight, I saw you tweeting right after Joe cordina won his piece of how to 30 pound title that you were ready to go overseas to the UK for that fight. Yeah, but all I did now let them boys at one 30 B after that I'm not there no more. They should be very happy. So before you move up, you have cancel, is this the fight that you wanted after the Valdez fight where you hoping something else materialized after beating Valdez? Nah, this is the fight I wanted. I think that this is the fight that I needed. I also think that he deserved it because a lot of people say that he won the fight. So I disagree with him winning no I don't I didn't score home to win a fight. I think he let out the gas and let Valdez in the fight. So it was either a draw or one of y'all one, it wasn't like I won clearly and I got robbed. I don't respect that. Just because the fact that I felt like he let out the guys, if he would have fought the first four rounds, I mean, the last rounds. Like he did the first four rounds. We'll be calling him champ. Yeah, his fight against Valdez, that was probably the best of him. Two fights earlier, I thought he was kind of gifted a decision against Louis corio. Like, what are you expecting from him in this fight? What do you expect him from? I've seen that he don't like pressure. When Cory has stepped to him and he even dropped him, I think in the second round I want to say with a left hook, he went down, so I mean, I mean for whom to just act like he just a champion and all of this stuff he was saying that the press conference I didn't understand because if that's the case, you'll be champion, bro so one 35 is fertile ground for you. Are you looking at that division saying, all right, well, Devin Haney's there. Lomachenko's there. Bob Aaron wants to match the two of them early next year. Maybe I get the winner of that fight or have you not looked that far ahead? 9 looking that far ahead 'cause I ain't worried about who they are at the end of the day. Whoever it is, they do. I don't care. I'm there now. Demand is in the way class now, and that's how I look at it. It's always good to talk to you, man. I always appreciate you calling me out for certain things. Like my scorecard is still great. You're wrong about that, but I will, next time, next time I get a chance to talk to tank, the first thing I'm gonna ask him is do you wanna fight Shakur Stevenson? I promise you that. Log as you ask him about me, then I can answer questions about him. But good luck. For my fight, score of right, man. I'll be scoring it from TV on ESPN on Friday. You better believe it. And two, three, four, have a long ago. So you gave me, you gave me a death stare at that when I was kiddingly saying that I gave Valdez a bunch of rounds. You gave me this death stare at Barclays center. He said he didn't win a single round. He may have got one, maybe, maybe. If you tried to give him one.
SI Boxing with Chris Mannix
"bam" Discussed on SI Boxing with Chris Mannix
"Pound champion, Olympic silver medalist already one of the top pound for pound guys in all of boxing on Friday who will face ropes
SI Boxing with Chris Mannix
"bam" Discussed on SI Boxing with Chris Mannix
"There's the other title holder from Japan that is potentially in the mix for Bama Rodriguez before the end of the year. That's the one I was thinking of. So stay away from him. Stay away from him. Yeah, that's the one I'm because that's too much of a risk, not enough rewards. That title holder. I get it, but this is what I'm talking about. This is what I'm talking about by maneuvering your career to avoid the wrong matchups I hope is a wrong matchup. I believe. I think you should go for chocolate but from what they told me, they're not going to fight each other. So it's going to be a struggle. Before the end of the year, Gaius strade and chocolatey, that's locked. December 3rd, that's happening in probably Texas. I remember what I hear. Bam wants to fight again on that car. You have to fight somebody. And if he goes back to one 12, the most available guy right now is ayoko is coming off that win over Donnie dietz. So what are we talking about? Face your number one mandatory. Okay, there is no mandatory. He's the 115 pounds. He's going back to one 12. There's no mandatory for him there. He needs to have a decent fight. Why is I oke a bad fight? He's 29 two. He's not some power punch. Have you seen him? Have you seen him fight? Tricky fighter. Okay, so we should avoid all tricky fighters. No, you're coming off a performance where you didn't turn heads in Gonzalez. Why are you going to go into another one where you're probably not going to turn that again? How it goes. In this division, you have to fight good fights, or else there's no interest in them. Like there wasn't a ton of interest in bam versus Israel Gonzalez. There was interest in bam because he's on a march to fighter of the year, but and look, if he wants to be here, hold on.
NBA Front Office w/ Keith Smith & Trevor Lane
"bam" Discussed on NBA Front Office w/ Keith Smith & Trevor Lane
"And it didn't get physical. It was just two guys you happen. It was awesome. You know, and then, I mean, I think KD came down, I felt like made a million jump shots. It was an automatic. Yeah, it was just unbelievable, but yeah, sorry, that was just a little side. It's Friday. And I was just thinking, I should have had something better saved and reserved to finish off the show with, but all I've got left on our notes here is cam reddish out for out for this season. So yeah, that's not a great one to finish on. But yeah, I mean, that's tough too, because he was starting to get some minutes. For them. As well, I think the Knicks were starting to maybe realize, hey, we should probably look a little differently here. But they've won three in a row there. Kinda hanging around the back end of the playing chase. Yeah, it doesn't seem like the hawks or hornets are overly interested in putting this thing away. They should have by now. And wizards and necks are just kind of hanging around there just enough to stay interesting. And you know, be able to those two teams, I think they both would like to get into the play and if they can, even if they probably should have, you know, we should probably just take your step back and take your draft pick, but yeah. Well, that's it for today. Heading into the weekend. That's all I've got. I don't really have much to add on cam reddish. And the Knicks, I mean, one of the teams in the hunt, I don't know if they actually catch up, but we'll see. We'll see. Canada don't want them to, I think, docs and hornets are more interesting. In the plan, then the next are the wizards would be, but, you know, I mean, I just kind of want to go, let's go into the last week with.
NBA Front Office w/ Keith Smith & Trevor Lane
"bam" Discussed on NBA Front Office w/ Keith Smith & Trevor Lane
"I think that what the kings do this off season is going to be important. They didn't come into this season with the team built around, hey, we've got sabonis. Let's put pieces around him. That's going to come this coming off season. And so that's where a lot of people are already speculating. You know, Sean Holmes probably winds up getting moved and let's see what the kings do to try to make all of these pieces fit, but I mean, it's good that he's happy right now. We'll see what happens this summer and then off you go. And there have been a lot of kings players who said we're going to break this playoff drought. Obviously it hasn't happened. But sabonis is also really, really good. So who knows? Did you see that thing about worked Edelman about the whole case? Since they had an insect. Every season he was the coach, they had a winning record. Every other season in Sacramento, the team is not had a winning record. That's starts to get up there with that whole up until their playoff thing with snapped. I want to say the spurs. First 44 years in the NBA, only missed the playoffs four times. It had one of those years. They got David Robinson in the other one. They got Tim Duncan. No, I mean, there's just sometimes when you look at some things and it's just like, 'cause that bright. I always thought of that too when I was thinking about talking about Kyrie Irving's monster game. Oh, the other night. And it's like, then you see somebody threw us up and it's like, well, Chamberlain did this, you know, 58 times. And it's like, how's that possible? Have you seen two, there's people who are like, will Chamberlain, the stats aren't real because there's no video. There's a whole thing too about people believe the hundred point game didn't happen. Like there's like this whole thing of like the hundred point game never happened. It was the NBA made it up for publicity reasons. Like that one around. Really? Really? I didn't realize that was a thing. Like in my head, I'm picturing, now Wilt Chamberlain standing on the moon with the American flag because it seems like we're putting this in the same category. Like, Wilt Chamberlain truthers and the moon landing truthers, it's holy moly. Wow, I did not realize that was a thing. Yeah. Again, you know tide. See the sunshine a little bit, people. I mean, there is a world out there that doesn't exist in your computer. What? There is? Jay, I know. I say that as I spend a lot of time in front of my screen each day. Anyway, moving on. I should have gotten to this when we were already talking about the heat earlier, just bad planning by me, but the heat are reportedly rumored to be looking at guys like Christian wood and PJ Washington for this off season, ideally looking for a partner for bam adebayo. And the Miami front court. Interesting targets, I mean, just kind of versatile guys, make some sense..
NBA Front Office w/ Keith Smith & Trevor Lane
"bam" Discussed on NBA Front Office w/ Keith Smith & Trevor Lane
"It assuming I would assume they feel pretty good about his ability to stay healthy care slovers getting close to Raja rondo is also back. So my guess is that's the good news in the gaps. They're backward as healthy. So they felt like we can let the veteran point guard Tim Frazier go. And then we'll go get ourselves the big band to replace on this ten day and we'll see what Moses brand does. One thing I want to jump back to the west just because I want to make sure I note it. Congrats to the Phoenix Suns first team once your playoff spot. You know, very first team so that they are in the playoffs. We're not a worldly maybe another week. To air up 8 and a half games on Brazilian warriors who are now tied for the two and three seeds. So that's just keep rolling on, just keep doing what they do. Yeah. Almost no matter who's out right, they just plug guys. I mean, there's 7 and three in their last ten. I think all of those maybe are pretty close, didn't have Chris Paul. And a whole bunch of them didn't have Devin Booker. And the last couple didn't have Cameron Johnson either, and they just keep winning games. They are, you know, they're the best team in the league. Most confident. I'd say this all the time. I'm radio appearances and stuff. If you made me pick any one team in the NBA right now that I feel most confident would go to the NBA Finals, I would pick the suns without hesitation. It's a testament to how important continuity is and how important finding the right pieces is and then sticking with those pieces. Because they've done that. And you can see it when they're out on the floor. They've been together long enough to where when things start going south, they know what to do in order to dig themselves out. They know where they're going to find an open shot. They know where they need to be in terms of their defensive rotations and everything because they've had so much time together. Part of that is health wise too. They've been relative on Chris Paul, obviously hurt right now. Devin Booker. But for most of the season, they've been pretty healthy and so they've gotten so many reps together. This team just knows they know how to play together how to get wins, how to get it done. And yeah, I think you're right. If I had to pick anyone team to win the whole thing this year, it would be Phoenix, but as we've said, this is also one of those years where there's like what, 6, 7, 8 teams, there you could point to and say, these teams all have a shot. Oh yeah, yeah, it would not, if I was like, if you may be going through it like a sign percentages to teams, I wouldn't assign them all that high of a percentage, but yeah, I mean, they're just really good. And the other thing is, they don't beat themselves. Yeah. If you're going to beat them, you have to go beat them. I think they are. They've slipped a little bit, which my guess is Chris Paul. But they're right near the top, turnover percentage. They don't turn the ball over. Very often they shoot it really well. They kind of do almost everything that you would want out of a team. I mean, they're just, they're just they're excellent. There's just not a real way to put it..
NBA Front Office w/ Keith Smith & Trevor Lane
"bam" Discussed on NBA Front Office w/ Keith Smith & Trevor Lane
"But yeah, here they are. They're the top seed. They've been playing great basketball this season. I think they're going to be really tough to deal with come play on time. And they might be ready to spend quite a bit of money on Tyler hero. This off season that was a story that came out today from Jake Fisher, max contract for Tyler hero. Is that where we're heading Keith? You know, it's funny too. I'll give everybody the peak by the curtain. I my initial thought when we started talking about this topic. And I was like, yeah, that seems crazy. And then I go looking at the numbers. It seems a lot less crazy. You know, I knew he was having a good season, but I didn't realize he was at 21 points per game. 5 rebounds, four assists. Shooting percentages are all pretty good. 44 from the field, 38 from three. 86 from the free throw line is up to three a little over three attempts per game from the stripe to 32 minutes per game despite the fact that he comes off the bench that's this is one of those he's more rather than be your first reserve. He's like, you're 6 starter. In a lot of ways for Miami. But I think the bigger things with the heat is, where are you going overall with your salary structures? Because you already have Jimmy Butler on a max. And Jimmy Butler signed an extension that will kick in in 23 24. And to be clear with hero, he's got one more year on his rookie scale deal. At 5.7. So we're talking an extension. He would sign this summer that would start in 23 24. But Trevor, here's that they would have on the books that year. Bam adebayo 32.6 million. Jimmy Butler right now probably going to be around 44 45 million. We don't know yet next year hasn't settled, obviously. For that year yet. Then Kyle Lowry 29.7 million in the final year of history year deal, Duncan Robinson 18.2 million. And then the max salary for Tyler hero in that first season projects to be probably somewhere in the 30 one ish million range. I don't think that's tenable to have three max guys on your roster. When one of them is Jimmy Butler, who will be in that season? He will be 34 at the start of that season. Like that starts to get to be a little bit of where are we going here? And I think that leads to, by the way, this is all from Jake Fisher over bleacher report. This leads to something. He mentioned something. I mentioned during the trade, we had up to the trade deadline is it's not a lock to Duncan Robinson stays on this team. And I think if you're going to max hero out or come close, Robinson becomes a sacrificial lamb for you because you just can't have that many. You can't have that kind of money locked in a 5 players. You can't build a functional roster behind it. And if anything happens, just looking no further than the Lakers this year. Anything that goes wrong, it's all going to fall apart on. You're very quick..
NBA Front Office w/ Keith Smith & Trevor Lane
"bam" Discussed on NBA Front Office w/ Keith Smith & Trevor Lane
"May vary single item irregular price can not be combined with any other offer. Hello everybody, welcome back to the NBA front office show front officers. Sorry, yeah, I'm sticking with it. Sorry, we didn't have a show out yesterday. There wasn't a lot going on yesterday. So, Keith and I felt like, you know what? It was a good day to take a little bit of a break a little bit of a cooldown, and then we'd hit today fresh. I kind of enjoyed a little bit of a step away. I got a few things done around the house. Keith, how about how about you? I got nothing done around the house. I watched a whole lot of college basketball yesterday, but that was great. This is a great time of year for that with all the conference tournaments going on. It's awesome to dive in. To those. So I'm really enjoying that. And then I'll join the tournament itself next week, of course. But dude, this is great to be able to see some of the guys we don't see. For us, right? We're so focused on the NBA. It's really cool to see some of the guys that were on the draft boards and that. And I used a lot of that to kind of guide me, I guess. This is the best way to put it, so who I should check out. And as I generally try to do, it is I fall in love with a couple of these kids and we'll see where it goes. But yeah, it's been a fun day and then only a couple games last night. We're in a weird schedule this week and next is the NBA does their best to avoid as much a March Madness as they can. So packed Wednesday, light Thursday packed, Friday. But yeah, it was good. You know, I was hoping for more out of that net sixers game though. I will say I at least got a little bit done that benefits the front office..
Open Floor: SI's NBA Show
"bam" Discussed on Open Floor: SI's NBA Show
"Okay, Rohan. So before we dive into the mailbag, I wanted to have a quick conversation with you about the all star starters. And in particular, one all star starter, maple Jordan, mister Andrew Wiggins, who was named to his very first team when the starters were announced last Thursday night. I know that we've had a few days to digest this news. Everyone has. But we haven't had a chance really to address it on the show. And I think that there are a few fascinating questions to ask that are connected to all star itself. I know neither of us had Wiggins as a starter or I don't think either of us had him on I know I didn't have him on my Western Conference team. I don't think you did either. And we talked about him in our last episode. But I don't think you did either. I'm curious, what was your reaction to Wiggins getting the nod do you think this is a dessert? Do you think this is deserved and you're fine with it or is it closer to a travesty that should have us completely rethink how these teams are selected in the first place? I don't think it's a travesty. I mean, I certainly don't think he should be a starter. You know, we talked about this on the last bot. I think we both realistically liked dejante Murray over him instead of what ended up happening. You know, the fan voting is also gotten to a point where it's not just about fan voting. It's like, oh, which celebrity did you have tweet out? Bam bam. Yeah. Is that his name? It was like a KPop star or something, right? So, like I said, I know that more people care about all star stuff that I do. At the end of the day, it's not a really big deal to me. At the same time, in a situation like this, I'm sure Andrew Wiggins is happy, but that one..
The Bill Simmons Podcast
"bam" Discussed on The Bill Simmons Podcast
"Because you promised we'd get Deandre joined to, by the way, since it's been traded. You let Jared Allen go. Think about that. He's been a player empowerment. Wow. You know? He's been unplayable for three years. And when the Lakers sign Jordan, who's a nice guy by our accounts, but he's washed up. He's been washed up for years. And they kept him because, you know, whether Durant Kyrie told them to keep them or whether they were just trying to appease their guys or whatever. But he absolutely should have been thrown that trade. There's no question. So it's unbelievable. And the weirdest thing is that Houston didn't want him either. It didn't have to be a three team trade. He said, could have just been like, cool, we'll take them. So you have this calf situation where, you know, the best teams in the east, Brooklyn, Milwaukee, Chicago, although the COVID stuff with them. But I think that's the top three right now. And then you have, well, that's just because that's just because bam's heard, though. I mean, if bam bam's healthy with the heat, I think they're right there. Yeah, I'm just saying right now. I think healthy Miami would be our four spot. Yeah. And Cleveland, I think is in the running. I think I like their roster and their team better than everyone else. Staying hard, they're young, they play together, get Garland as a star, mobly might be a superstar, a koro, you know, I liked that pick for them, but they were just, you know, it's been hard to judge them at all up until the season because they were just bad all the time. So it's hard to say. And then your boy, mark and then he's helped them. He helped them your guy. Yeah. I've watched a lot of the cabs a share, and I might have even wagered on them a few times. They're always well. They're always in games. I thought the most interesting one I watched, it was like the 7th I'm looking it up 7 30th game of the season gets the Lakers. And LeBron was really trying because it's Cleveland, right? He's not giving them an easy game. And they kind of went toe to toe with them. And then in the end, LeBron and Davis bully bald Cleveland and they ended up winning the last 5 minutes. But it was like a weirdly impressive loss. Because I didn't even think they played that well, but they hung around, they hung around and right after that, they lost the Phoenix, they won four straight, barely lose to Washington. Then they had their little bump when I think bulby was her and the team immediately tanked mobile comes back. The teams immediately get together. They're going to get because it's their identity as defense. It's just too bad about Sexton because, you know, it would have been nice to see him with them. You know, through the course. And I think he's out for the year. Sexton. Yeah, but it's tough because I think he was a trade asset for them. Yeah, but I actually think he did, but I think basketball wise, it was and I hate saying this about injuries, but basketball has, I think it was good for Garland. It kind of just made them the car keys, you know? It's like, all right, but I think that was going to happen anyway. And I just think whenever you have depth, guys, young guys that are playing hard and you create competition within your roster. I always think that's good. But maybe in this day and age, it isn't. I don't know. For the people listening who are not focused on the calves, just a couple of pedestrian stats for you. Garland is 19 a game, 7 and a half assists a game. He's taken 7 threes a game and he's shooting almost 39%. And the eye test backs it up because one of the reasons I like them, I like the shots they get at the end of games. The same thing for Chicago. I think they get good shots and they can also get stops and the other end, which is why I think they have to be taken seriously. Jared Allen is basically 17 and 11 this year. Yeah, he is. And they gave him that contract. I didn't like it. They gave him a 100 million for 5 years and it was like, that's way higher than what the center market is. But it turns out to be good. And Bill, that's what you have to do. If you're Cleveland, see all those mid market teams. Whenever you talk to the owners or the GMs, they tell you the same thing. We have to overpay or they don't stay. Right. And Jared Allen was young enough that you didn't. I liked that signing. Well, easy for me to say now. But I didn't like the money. I liked him period. I just thought young energetic seems like a really good team guy, all the nets players are really sad that he left because you know he was just starting something. And it's interesting. They felt the same way about carousel of air, but it's so hard to, you know, he's had so many bizarre things happen to him. It's kind of hard to say now. I don't think he'd be fun to play with either. It's funny. I talked before the season Zack and I were on the phone. We're trying to plan what we're going to do for whatever and just catching up because he just got back from his vacation and we were kind of talking about a couple teams that we may or may not like. And.
Charger Chat
"bam" Discussed on Charger Chat
"The wool over coming for you. Bam bam bigelow author dick roberts because what could take out craig bulldog and that's a fact. Oh my decision. I'd pay money to watch that per me backstage. You don't have the camera on the back page. Guys we're like. We're like latimer and alvin mack. And the program and we come out throw. Just throw you guys like you walk in. Like what was i think there were the bushwack boys or something like that they. Did you both come out walking like this. Oh god i'm listening that question. He's gonna say. Coach coaches like the most physically fit out of all of us. And i'm working on it. You just send it yourself. Working craig.
Skip and Shannon: Undisputed
"bam" Discussed on Skip and Shannon: Undisputed
"Rookie year. I just flat beat him out. He said he's never seen anybody that that that prepares and does this thing takes when he learns to practice field and then put it on the game tape. Troy wanna hear that. I was doing well remember as raw rookie as a fourth round. Pick that mack truck as in mac jones. Tony romo mack jones. He just ran over a little different that he got an opportunity to actually start. While tony was supposed to be the incumbent it would happen. Skip twenty roll. We'll gave him an opportunity to be seen hurt. He got hit the back and he got hurt. The ball game that was in seattle. Even prestigious dad got how tony romo got in. That was he got. He got hurt in the third. It was the dress rehearsal. Preseason game at seattle. And and. I'm like this kid back is something here. We went yet right so you got up so he let them get an opportunity to see that for an extended period of time. Matt jones talked about w. w w ee. I was about the opportunity that he got to get extended rips. He did because of go. Hold a misunderstanding understanding so now back to dak prescott. My owner is not sold on. Do and you have said that. The most pressure in dallas is on the quarterback. he's going to make seventy five million and don't think braided and have this up on his bulletin board. He make seventy five. I make twenty seven point five and brady second on the quarterback palest last year will. That's fifty million different forty-five off the field. Okay we'll you can argue. Dax making somewhere ballpark will will. I think it's more than twelve. He's got so many national commercials but the point. Is that in the big picture. This is a huge year for dak prescott in it starts tomorrow night with with no reps. No preseason is. That's why i say that has the most pressure because you said it. He's playing for owner. Dave i i agree so it's up to dak challenged back right here right now to show us show him shut him up or turning around the next time he blows about deck. He should be glowing for legit reason where he did that. He threw for three fifty and beat. Outplayed tom brady at tom. Brady skjei some something to be said. Sometimes no matter what that does a less dak wins the super bowl. He's i still believe he's going to be that. Tony romo was better in. His thing is like if i had given twenty role these weapons. Yeah tony romo tried. What he believes agreed. Well here we go. i'm sorry just give. It is what it is and the nfl. Kickoff week guys. It is sponsored by las vegas because finally football is here. Your home for all live sports. Every game match race and competition is always on more undisputed long former usc and patriots fullback. Sam bam cunningham passed away at the age of seventy one. Yesterday cunningham famously ran for one hundred thirty five yards and two touchdowns to beat an all white alabama team in one thousand nine hundred seventy which led to bear. Bryant's decision to start recruiting black players. Jerry claiborne former crimson. Tide assistant famously said sam cunningham did more to integrate alabama in sixty minutes. Martin luther king did in twenty years shannon. What is your reaction to this. News and cunningham's impact on football. I did not know sam cunningham. Personally but i play with his younger brother randall. The referred to his bam but i understood who he would what he represented of a lot of people realize this but that was his first game. Starting it was. He's a freshmen. Because freshmen could play. Football and basketball was the only college sports that didn't allow freshmen play. All the other sports allow college freshman the plate so it wasn't until seventy two seventy three which college freshman got an opportunity to play. Let's get what he did now. Nineteen i think the first year was maybe sixty seven. I think kentucky had a guy a black guy that would play net nor nor his name but in football it wasn't until bam cunningham because back this kept the only time the alabama played the. Us's were in bowl games. Team from the west didn't go south and play him going down there and and and coach bryant seeing up close and personal. What black players could do. That was also the first time. But all black backfield. Clair's davis and jimmy. Did they have black quarterback and black and black fullback. Who right before your very good da. Da li behind it just thinking about this. This was this was the early seventies. Jackie robinson broke the color barrier forty seven nineteen sixty four with the civil rights. Act that was supposed to be in compliance. That was sixty four. we're talking about delays seventies. And they still hadn't come into compliance. It wasn't until the federal government says we're gonna withhold federal funding. If you don't do the right thing. The eighteen eighty six case. Plessey bertha ferguson separate but equal was no logo ago platt getting scale and once they did it the floodgates open having the same thing in football get what he started doing going to black collagen getting like. Did you see what happened. It changed the trajectory. They got these black players in baseball Jackie robinson open all of a sudden. The willie mays the henry era. The frank frank robinson's it changed the dynamic and bam cunningham the reason why a lot of these black athletes what you see going to usc and into alabama and all these schools bam cunningham. This was legion. Field in birmingham alabama. Packed house yes opening game. Opening saturday afternoon. I watched it. But i wasn't old enough to get the magnitude of what was about to transpire but usc from the west coast. Yeah from southern california which was much more open minded emperor aggressive said. Watch this and you're right. Coach bryant washed it up close and very personal just for the record. He had already recruited one player. Wilbur jackson who is not yet playing team but all of a sudden. The floodgates opened and coach bryant was going to win three national titles through the rest of the seventies through that decade. And it's because of this. This was momentous this breakthrough that happened in large part because bam had that game a hundred and thirty five and two touchdowns and he was one of the first to the one yard. Leap touched mike. That's how he got the nickname ban. One of the great nicknames in the history sports has say am band right because he he was a he was a fullback skin. There we all know you tailback because they had oj might garrett and they already had oj oj. might gary then all of a sudden got class. You've got bam cunningham. Reggie bush charles white worrying. They will and i had the privilege in about seventy five ish of interviewing sam bam cunningham. Remember he became new england's all time leading still in in. He was a delight because he was very wise beyond his years. He knew what was happening that day and his point was to me they wanted to. We beat the hell as forty two to twenty one. They won to because it opened the door. Now officer either answer. Ozzy talks about they aren't they gave me. Yeah because he ended up going to alabama yep very interesting thank you rest in peace. Our thoughts and prayers are with bands family. What a legendary legendary.
WBZ NewsRadio 1030
"bam" Discussed on WBZ NewsRadio 1030
"Heavy rain. Watch for some flooded roads and in poor drainage areas. The high Thursday 78 degrees Right now it's 73 in Danvers. We have 77 in Chelsea 73 in Milton and 75 in Boston. All right, a sad day for the New England Patriots. Sam Bam Cunningham, the former running back who remains the all time rushing leader in team history, died today. Cunningham was drafted by the Patriots in 1973 over 107 regular season games rushed for 5343 yards, the most in Patriots history. He was inducted into the Patriots Hall of Fame in 2010, Sam Bam Cunningham dead at the age of 71 years old is 7 36 and a 13 year old is dead. A man is injured after a dirt bike crash and wear him the Plymouth D. A says that around four o'clock yesterday Eve We are. We was riding on the dirt bike track on cranberry highway when she lost control. After landing a jump, she swerved into another lane and collided with another writer. Both poppy and the other writer were taken to the hospital. She was pronounced dead. The other writer is expected to survive. Children going back to school are facing all sorts of mental health concerns, especially after a rough year because of Covid WBZ TV's Liam Martin reports some schools on Cape Cod. Are trying to help students cope. Data from the Centers for Disease Control show Mental health emergencies spiked during the pandemic. 24% increase in kids 5 to 11 years old and 31% higher in adolescents 12 to 17 a lot of that anxiety and especially if you already had a social anxiety. I think really, really kind of contributed to higher levels of depression. Kids at Monomoy, which serves Chatham and Harwich will take mental health assessments. There are 46 questions, including. Are you struggling? Do you have an adult you can go to if you don't feel safe. Have you ever thought of harming yourself to live survey, meaning that when they take the survey, I can see the responses immediately. That's when school counsellors step in to help. And an emotional court hearing for former Massachusetts State Trooper James Coughlin and his wife, the denim couple charged in connection with the death of a teenager who drowned at their home during a graduation party in June. So Paul's family simply wants to make sure the Coughlin's are held responsible..
PTI
"bam" Discussed on PTI
"Them slender <Speech_Male> then and now. <Speech_Male> We looks like a <Speech_Male> model and by <Speech_Male> the way in <Speech_Male> the football wing <Speech_Male> of broadcast. Tv randy <Speech_Male> moss best dressed <Speech_Male> guy most stylishly <Speech_Male> investment <Speech_Male> got period is <Speech_Male> in first place. <Speech_Male> I know <Speech_Male> this this back and forth <Speech_Male> about him <Speech_Male> and <Speech_Male> jerry rice. <Speech_Male> And i'm i'm of <Speech_Male> an age. I'm always gonna <Speech_Male> take jerry rice. <Speech_Male> But i taken <Speech_Male> anybody else <Speech_Male> over him. Tony <Speech_Male> and that run. <Speech_Male> Marshall we just saw <Speech_Male> the highlight. <SpeakerChange> That was insane <Speech_Male> randy <Silence> moss man <Speech_Male> <Speech_Male> a melancholy trails <Speech_Male> to sam bam <Speech_Male> cunningham who passed <Speech_Male> away today at the age of <Speech_Male> seventy one <Speech_Male> cunningham played nine <Speech_Male> seasons with the new england <Speech_Male> patriots rushing <Speech_Male> for more than five thousand <Speech_Male> yards <Speech_Male> but he was most noted <Speech_Male> for his college career. <Speech_Male> Cunningham was part <Speech_Male> of the integrated nineteen <Speech_Male> seventy. Usc <Speech_Male> team that <Speech_Male> went into birmingham <Speech_Male> and be bear. Bryant <Speech_Male> in alabama <Speech_Male> which fielded an <Speech_Male> all white squad <Speech_Male> cunningham <Speech_Male> ran for one hundred thirty <Speech_Male> five yards and two <Speech_Male> touchdowns on just <Speech_Male> twelve carries <Speech_Male> in a forty two to twenty <Speech_Male> one win. <Speech_Male> His performance was <Speech_Male> said to lower resistance <Speech_Male> from the university <Speech_Male> of alabama and its <Speech_Male> fans towards <Speech_Male> recruiting black players <Speech_Male> which bryant went on <Speech_Male> to do cunningham <Speech_Male> and usc <Speech_Male> went on to win the national <Speech_Male> championship. Two years <Speech_Male> later he <Speech_Male> scored four touchdowns <Speech_Male> in the trojans <Speech_Male> rose bowl win <Silence> over ohio <Speech_Male> state. <Speech_Male> Tony as you <Speech_Male> know. There's a legendary <Speech_Male> quote variously <Speech_Male> attributed to either bryant <Speech_Male> or <Speech_Male> his assistant back <Speech_Male> then jerry claiborne <Speech_Male> that quote <Speech_Male> sam cunningham did <Speech_Male> more to integrate <Speech_Male> alabama in sixty <Speech_Male> minutes that <Speech_Male> night then martin <Speech_Male> luther and accomplish <Speech_Male> in twenty <Speech_Male> years close <Speech_Male> quote and i <Speech_Male> was always offended <Speech_Male> sort of by <Speech_Male> the line but his <Speech_Male> spoke most importantly <Speech_Male> to the power. <Speech_Male> That sports <Speech_Male> has in the culture. <Speech_Male> We've seen <Speech_Male> it in various indifferent <Speech_Male> in new ways <Speech_Male> over the last couple <Speech_Male> of years. But <Speech_Male> back then tony <Speech_Male> to have sam cunningham <Speech_Male> on <SpeakerChange> that <Speech_Male> field was <Speech_Male> an extraordinary <Speech_Male> thing and it shook <Speech_Male> up the university <Speech_Male> of alabama <Speech_Male> no matter who <Speech_Male> said to quote and <Speech_Male> no matter how offended <Speech_Male> i <SpeakerChange> might have been <Silence> at the nature of it. <Speech_Male> <Speech_Male> What's the most democratic <Speech_Male> thing <Speech_Male> in all of the culture. <Speech_Male> It's sports <Speech_Male> is <Speech_Male> the big finish. <Speech_Music_Male> Steelers coach <Speech_Music_Male> mike tomlin tj. <Speech_Music_Male> Watch at practice <Speech_Music_Male> for the first time <Speech_Music_Male> <Advertisement> on. Wednesday your thoughts. <Speech_Music_Male> <Advertisement> He's <Speech_Music_Male> <Advertisement> reported <Speech_Music_Male> <Advertisement> but it's not practice. He's <Speech_Music_Male> <Advertisement> been there want to <Speech_Music_Male> <Advertisement> deal. They need <Speech_Music_Male> <Advertisement> him at the steelers.
Talk Nerdy to Me
"bam" Discussed on Talk Nerdy to Me
"Welcome back to another edition of talk nerdy to me. I'm your host troy stagner before we get into this boxing. I wanna ask you for one favor. One favor subscribe this channel man. It really does help with the metrics pandering done i have boxing. Here is going to be another lookie lookie comic. Mookie is the look at this bandbox. This thing is huge is big is faring. being this is the Ultra box is the one you get a grieving inside. And i believe they use. Cbs cbc. and i am correct. That looks like a. Cbs box You gotta bam monthly giveaway. Let's just read some of the stuff here. Bandbox presents the june monthly giveaway. Halloween scanners qr code winners announced. So we got that key bam their little. Qr code down there. You can scan it to win. So that's the monthly giveaway for kuni. Was june yeah june This month the bam feature celebrity is took the garth ennis. If you don't know that that that face he's the man behind. I believe is punish the max series pretty brutal the boys. And if you haven't seen the boys wound very brutal preacher same difference. I guess i'll have to scan later to see. There's a qr code there. I'm guessing it a little intro or something. Maybe from mr ennis three two different. We're good bombers garth. Ennis air signed a loaded. Comex for you hope you like them on there in the home of the store in the remake of firefighter. Jerry we also get Give you a loose comic book of the same one. That has been graded. This is garden is innocent. Garth innes belongs to guard. The boys numeral horno so they give you one you know that you can read without cracking the case and This is really cool. They send you a. It's called a wall or shelf. Mount for your for your greatest comic. That is very cool. that's the hardest thing for how to display these things So now they got your answer. I haven't seen these before. I kinda like it kind of put them together and make a tall colder for the shelf or you can Connected to the waldir in holds it in. I like i like it a lot. Good job. let's just see here until maybe also the hawks pete nature the tiny think no. This is all just package. You are holding ultimate collector's experience. Was i have the boys number one from dynamite twenty twenty. it's the second printing not a first printing. If is the first printing. That'd be a waco. But i'm happy with a second printing cover art by derrick robertson Story by gardenias verified signature of garden is exclusive bandbox signing Even on the top there. So yeah this is kind of happy with this man. You got the iconic one there you know with all of them staring down at somebody. Something signed by. Mr garden is and you know it signed by him because cbc s said so so Cbs doesn't have to actually witness the autograph. That's not saying they didn't witness. This was saying it's not a requirement for them. Cdc kind of the gold standard for autographs. Because they must have one of their people physically witness the autograph or religious. They'll do it is riding on cover. They won't verify autograph see. Bcs little more lenient. They do a little bit of investigation comparison. Different things to make sure it's not auto pan or the somebody didn't Fake autograph but it says this is a bandbox exclusive signing. I'm pretty sure. Garth ennis probably came into wherever they were assigned to stack them for these guys so they can put them in. The ultimate collector's bandbox. So in every month is going to be a different created comic signed by either the artists the writer or even that they said you know even possibly a celebrity. So you might get you know. A deadpool signed by ryan. I mean it's a possibility. So i i like it. The total cost. I believe was seventy five bucks plus shipping. So you know for seventy five bucks the grading process a loans gonna cost you. You know no less than twenty forty depending on all the other things done. But yeah i like it. I think it's well worth it. Go to bandbox the ultimate collector's experience in your own graded comic subscription. So every month you're going to see a new great comic so that was That was my interview for the may of two twenty one twenty twenty one bandbox mc liquors. I liked it. I i can. Recommended polar delete so. Yeah there you go well worth it if you like this video. This unboxing and you'd like to see more like it. Subscribe like i said earlier. It does help with the metrics. Ought it out. You can hit the balance. You'll be notified whenever we put up a new video until you see that new video later nerds not with me and we won't gain is.
Talk Nerdy to Me
"bam" Discussed on Talk Nerdy to Me
"Welcome back another episode of talk nerdy to me. Either host troy stagner and i have another unboxing for you.
A Bowl of Soul A Mixed Stew of Soul Music
"bam" Discussed on A Bowl of Soul A Mixed Stew of Soul Music
"Enough. That always want. Nobody's thinking about the new. Do bob though read shuns so this kind of music. Bam intention bad no sermon. Up by big vet stay fit and and the screw the.