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A highlight from SBF Testifies; WSJ Errors; Bitcoin Booms - The Top 5 Crypto Stories This Week
"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 Saturday, October 28th, and that means it's time for the weekly recap. Before we get 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. Hello, friends. We are back with another top five most important stories in crypto this week. This of course is the conversation that I have live with Scott Melker on Friday mornings. Now this week, there are two big, big blaring things that stand out. One is, of course, the SPF testimony, and the second, which is way more significant in many ways, is the attempt to blame crypto for Hamas's attack on Israel a couple of weeks back. Now, we got a lot more information in that story this week. Elliptic basically said that The Wall Street Journal had misinterpreted what it said, but of course, we've gotten no corrections from The Wall Street Journal, and even if we did, the damage would likely already have been done. We also talk a little bit about the big pump this week. All in all, a very dynamic and exciting week. So let's dive in. Quite a week that we've had, huh? Indeed. It's been a week. It's funny because we always talk about how hyperbolic and exaggeratory our titles are allowed to be. Yeah. And this time you're actually like, take it off, do whatever you want. Have at it, man. It really did skyrocket, right? I mean, obviously, we have Bitcoin sort of consolidating here under 35 ,000. Meme coins like Pepe and Flocky do 100 % plus gains. Is there real money and interest coming back into this market right now? Are we back in the washing machine and we're going to see it rotating? What do you think? So two answers to that. On the one hand, I still think that the vast majority of it is just our money internally and people moving things around and people kind of putting more of their own capital back in, moving out of stablecoin, stuff like that, right? It is excitement that's predicated on the community itself that's already here. However, the big, big caveat to that is that every institutional fund, every Bitcoin onboarding firm, if you watch like anyone who works in Swann's institutional management, all week they've been talking about just phones ringing off the hook, people coming in. I think Matt Hogan tweeted that there are, that the conversations this cycle have started to move from, hey, you should have a 1 % allocation to, hey, you should have a 5 % allocation to Bitcoin. So I do think that while when it comes to sort of like this vicious rip up that we had on Monday, that's market structure dynamics playing out with regard to this particular community by and large. But it does seem like this one may have finally triggered alongside all of sort of the narrative stuff we've seen, the phone calls to start coming in for people to actually kind of move in from outside. So I think that for the first time when we're asking this question in a long time, it actually is potentially some amount of a mix of different types of buyers. Yeah, I mean, Matrixport being the analyst here that they're referring to, fifth bull market has further to run. That's coming from Matrixport Research. They're saying that this is officially now the fifth bull market for Bitcoin. Of course, they say 125 ,000 by 2024. We don't care about that, right? We don't really care about the hyperbolic price predictions. But to your point, I think that something's different this time. I know those are dangerous words, but we can see that the market cap has risen dramatically. We can see that both Bitcoin rose and things like meme coins rose at the same time. That can't happen with the rotation of capital. That means that there has to be new money in the system. I've spoken with quite a few people. I had James Butterfield from CoinShares on and he said, yeah, we're seeing some inflows definitely at 300 million this year, institutional inflows. He said, interestingly, we're seeing a bit of outflow from the futures ETFs. What that tells me is that everybody now is ready for this ETF's approval. I'm not surprised that we haven't seen billions flowing in already, because why would you start throwing money into this market if you're an institution today, if you think that there could be a Bitcoin spot ETF that you can safely invest in in a month? Yeah, 100%. I think that the other thing, going back to this contention of, is it a bull market yet? Listen, analyst papers love to call those things. They're very useful. They're good for selling research. When it comes to the gut check on this question, because I think from a community perspective, that's in some ways more enlightening, I think that we are just starting to be in a phase where in the long in -between, between a bear market and a bull market, you have the first part in which the little spikes that look like bull markets feel like the exception and then you return back to the rule, which is either down or sideways. Then you get to the second part, where it feels like the retraces back down and the slight move sideways are the exceptions to the larger momentum. I don't want to say this for sure, but it does feel from a psychological standpoint in this space that we maybe have just flipped over into that, even if we saw the first half of November going slightly down, we get back down to 30, 29, I think that it would still feel like, yeah, whatever. It's not going to change. It's not a return to the norm. It's now sort of like, that's the exception, not the rule kind of a thing. No asset in the world loves to leave people behind more than Bitcoin, right? So if we get the retrace, it'll be shallower than people think. It'll bounce a thousand dollars higher than everybody has their orders. We love to talk about the meme of which direction is Max Payne and what can the market do to punish the most people. Right now, it feels like anyone sidelined is really hoping that they get that dip to buy, which means to me they probably won't, that Max Payne perhaps in this case finally is up. And speaking of Max Payne, look at this guy, in a Bitcoin -free trial, live updates from the courtroom. I know looking at him gives me Max Payne. I'm sure even every ex -FTXer is just calling their therapists off the hook for the last month. I'm quite sure that the therapists, that service crypto clients are probably making almost as much money as bankruptcy attorneys who are service crypto companies at this point. But some wild stuff happens here. Maybe you can explain why he testified, but not in front of a jury. Even the judge seemed somewhat confused at why that was happening. They asked the judge a question, frankly was like, I've never done this before. So I don't know. And SPF went on to say things as wild as I had no idea it was wrong to use customer funds. So a couple of things. One is it's worth noting that I don't think that there has been a lot of meaningful progress in the case besides this. I don't even really think that the defense had a chance to make a lot of its cases. I don't know, there's just not much there. And I think that that's sort of what gets us to the situation. There are two reasons that SPF is testifying. One is because he was always going to testify because it's a person who is the biggest thing that he suffers from is narcissism. And there was never a chance, I think that at the end of the day, he wouldn't testify. So that's one. The second though, is that it really is the only chance he has left. Even if it is a literal snowball's chance in hell, it's better than the definitive verdict that he was looking like he was heading towards. And so I think on some kind of perverse way, it makes sense that he asked to at least try. Now what my read on the situation was in terms of why the jury was dismissed. The government said something like there's data that the government doesn't think that jury should hear, but it seems more like the situation was the judge was trying to figure out what Sam was actually going to say because they called it sort of a mock testimony. And he wanted to see like if Sam was just going to be evasive and not give answers, because I think the judge has to rule on whether he's going to allow Sam to testify in front of a jury. And so yesterday was this very weird, there was a lot of obfuscation, there was a lot of, someone noted, I think it might've been Laura Shin or someone else, it was Sam or maybe it was Tiffany Fong, but someone noted that Sam was doing exactly what he was doing during his media tour, which is when asked a question, he slightly sidesteps it and answers something else. Yeah. And unfortunately for him, courts don't work like that. When you do that in court, they say, you know, answer the actual question asked. Right. So it's sort of TBD on how that's going to play out. A second thing that Sam did a lot is they very clearly, the defense very clearly and has from the beginning, wants to make this an issue of FTX counsel. Right. That Sam was just doing what he what he was legally told to do. Every other answer was Dan Friedberg. Right. Who's the name of the general counsel who was formerly involved in a big sort of poker scandal as well. And it's very clear that Sam is desperately trying to throw Dan Friedberg under the bus and say, I just did what he said. Now, I don't know if you have this tweet pulled up or if we can find it, but there was one moment where the judge literally asked Sam's attorneys to explain to him how blaming counsel was different in this case versus if you laundered money from a bank, like the judge was basically trying to figure out. It's like, look, you did a crime and then later the attorney told you how to deal with the crime. Doesn't that mean you still did the crime? And and it's just this sort of very weird moment where, again, the judge is still trying to figure out if he is going to allow the way that the defense is trying to present the case, you know, because it's not a for sure. Yeah, he wants to blame his lawyers for everything and play claim ignorance, but nobody's going to buy that. There was even a point in the trial where they objected and it was sustained and he decided to answer anyway and his lawyers got missed. I mean, this guy is off the rails. I don't know if he got his Adderall or not. To me, that's the bigger story, right? He needed Adderall if he was going to testify. I wonder if I wonder if they gave it to him. Do we have any insight on that important story? That was I mean, that was the most I think that was the most remarkable moment for kind of anyone watching or reading along about it is Sam deciding to that he said he felt he needed to answer a question to which his attorney, you know, after an objection was sustained to which his attorney said, have you not been here for four weeks? Just wild, dude. Chill. Yeah, I loved, by the way, that in this quick summary from inner city press that we had the inclusion of Sam China Bribe, Trabuco and Dan illegal narcotics, Friedberg. This is the first time that we've seen Trabuco's name. He's been the missing man this entire time. I mean, he was the head of Alameda with Carolyn Ellison and it's like he never existed. I think this is still this is still super confusing. I mean, it seems like there has to be something more going on because it's just it doesn't make any sense. No one has ever offered an explanation. No one's ever tried to offer an explanation that the complete silence around it is, you know, as as sort of dubious as anything else. Deafening, as they said, the silence is deafening, you know, we get to move on from SPF because I think that's enough. We all know where that's headed for today. And we get to talk about something much more favorable. I believe we touched on it actually last week. Hamas militants behind Israel attacked raised millions in crypto. Obviously, the bigger story that that was a Wall Street Journal article that referenced data by Elliptic, we saw Chainalysis come out and say this is completely wrong. And then Elliptic themselves, who were the basis for this article, said, whoa, whoa, whoa, we're setting the record straight on crypto crowdfunding by Hamas talking about potentially hundreds of thousands of dollars, not tens of millions of dollars. But the bigger story is that we're not seeing a retraction from the Wall Street Journal and we're certainly not seeing Elizabeth Warren and 100 plus senators and Congress people retract their statement that was made based on this article. And then to dig even deeper into it yesterday, Senator Lummis, who's been very, very favorable, she's the one writing the stablecoin legislation that's being proposed, saying the DOJ needs to do their job and go ahead and charge Tether and Binance for their role in things like this. It's a lot. Yeah, so this is I mean, this has been this is actually one of the most probably the most significant story going on in crypto right now, because there are a bunch of different dimensions to it. There is obviously a larger media story of, you know, the incentives of press. You know, you've kind of seen the journalist who wrote the piece or one of the journalists who wrote the piece on Twitter defending himself. And effectively, his argument has been, well, no, I buried these caveats later in the piece and it and it makes sense. Now, if you go back and read that original piece, the headline and the first paragraph could not make it clear that the thesis of the piece is that Hamas was able to carry out this attack, this specific attack, by the way, because of cryptocurrency financing. Now, by the end, there is a lot more doubt into that. The journalist isn't wrong, that there is more questions by the end than are there in the beginning. But one, it's a fair question of does that matter when you scream out the headline the way that you did? And two, the way that he did these caveats sort of like with with, you know, journalistic, you know, his journalistic covers are things like they raised as much as ninety three million from crypto. It's like, come on. You think that adding and as much as and like that that doesn't imply that it's ninety three million? Like that's not a reasonable journalistic take, I don't think. And so there's the whole media side of the story. But obviously it's even more complicated because it comes at a time when the crypto industry is being absolutely assailed and has been for the better part of a year now for the opponents have been looking for anything to cast doubt on this. This was the sole source of information for a letter that was signed by a fifth of Congress. That's totally, totally inappropriate. And so, you know, the question has been, will the Wall Street Journal issue a retraction? But I don't think that there's any chance on the planet that they will. It also doesn't matter if they do, because we know that it's already seen proliferates so much faster. And once it's seen, the retraction never is that damage has been done. Absolutely. Yeah. There's no coming back from that. Obviously, I also pointed out here that Sherrod Brown calls for crackdown on the use of crypto to fund terrorism. I think what's just most interesting to me is that this Senator Lummis letter comes after we already know that this is a fake story. It was one thing for Elizabeth Warren, I guess, can claim plausible deniability. I read the article. I trust the Wall Street Journal. It was right there. We wrote the letter. Lummis, who we all love, who we all love, she wrote this letter seemingly after it's very clear that this isn't true. So I'm just trying to figure out what the potential angle there would be. My instinct is that the angle there has more to do with a prioritization around where we are, you know, what threats we're dealing with. Like she clearly wants the emphasis to be on offshore, non -American regulated sort of institutions and their role, rather than sort of like targeting the better part of the or the sort of controllable, you know, regulatable part of the American crypto industry. So, you know, listen, it could just be literal politics. You know, instead of trying to say, hey, don't go after crypto, it's instead saying go after this very different part of crypto, you know, go, go after non -American crypto. Right. I mean, that's basically what they're saying. They're saying we're going to pick the winners, which we understand. Maybe this is saying, hey, use USDC. We're regulating the hell out of it. Don't don't use Tether, use Coinbase for regulating the hell out of it. Don't use Binance. I mean, Paolo from Tether and Bitfinex responded. We at Tether are proud of the work we do to stop illicit activity. Tether proactively collaborated since inception with tens of law enforcement agencies, including US, Ukraine and Israel. Crypto used by malicious actors accounts for a small drop. You get it, right? I mean, he very quickly said the same thing they've been saying all along. Listen, we're literally working with you guys to freeze these wallets. Everybody sees it. They're actually doing that work. So it just kind of kind of blows my mind to see that. But I think you actually have it correct, which is that we're going to get rid of the foreign actors in this industry so they can be better controlled by the United States. I mean, I think that that's a fair sort of way to approach this. Yeah, I mean, listen, it's reasonable to not like that approach. It's just this is very clearly there are let's put it this way. If on the one hand you have crypto antagonists and on the other hand, you have like the full on sort of crypto industry, let markets decide, you know, figure it out, folks in the middle, especially in D .C., there is a big space that says, you know, we've got to make some compromises. We have to exert some control. And so the compromises that we're going to make are things like, you know, focusing on, you know, pushing out the unregulated, uncontrollable stuff and, you know, and sort of enshrining and holding up the things that that are sort of, you know, regulateable. Yeah, that makes perfect sense. The next story, I believe this is number four, BlackRock Bitcoin ETF in August got on the DTCC site that just belatedly moved markets. That is a mouthful of a headline from Coindesk. I'm not even sure if they wrote that in English. But the idea here is a story that we've all been discussing, which is that the reason because we need a reason for the last move of Bitcoin from thirty one thousand to thirty five thousand was because BlackRock's Bitcoin spot ETF had been listed on the DTCC was BlackRock that is advancing. They're taking the next steps. They wouldn't do this unless they thought they were going to get approval. And further, once you do that, you start to actually seed the fund, meaning that you have to buy the underlying asset for that ETF, meaning even if in small amounts, BlackRock's going to start buying Bitcoin. We all know what happened next. Apparently, it disappeared from the website. Then the website itself disappeared because so many people went to check if it was still on the website, which actually crashed it. Then when it came back, it was there. It wasn't there. This all, of course, according to Twitter and the ARK ETF was there. But then that wasn't there. Apparently, that was fake news. So basically, we had this massive, confusing, nonsensical story and it turned out when someone actually just bothered to call DTCC that it had been there since August. I personally I just love this story. Everything about it is I mean, listen, what this story tells you more than anything else, hold aside the details, is that one, this is now two weeks running where we've had a Monday fake news story around the ETF. So let's see if we can make it three. And then two, it's that there is so much pent up energy, excitement, anticipation. I mean, look, it is it is very clear that people believe, rightly or wrongly, that this ETF is going to be the starting gun on the next bull market. And anything that hints that we are there is pushing people in. What I would be interested in is knowing sort of how much it's new market participants versus just more new capital from existing market participants, because it feels like it's a lot of that. But anyways, listen, I think it was hilarious that ultimately it was just something that we didn't notice for two months, drove the market that way. But I think that that speaks less to us being insane, although there's obviously always a little bit of that and more to just the the anticipation of what is seen as a absolutely catalytic event. That's right. It shows you that this market wants to go up. It wants to believe and it wants to continue to continue. And so I think you're right. It really doesn't matter what the news is, real or fake. It's giving us a huge hint as to what we can expect from this market when we do see a real approval. My favorite, just to wrap up on that one, was this final take from Philback, my brothers in Bitcoin. I spent six years managing new ETF launches for NYSE 2010 to 2016 and about 15 years in ETF product development and management. The DTCC thing means absolutely nothing, nothing. Get offline and spend time with your loved ones. So just to just to give you the context, all of that, even if it was just there since August, apparently even the takes about how important it was that it was there were false. And this is literally an entire nothing burger. But the bigger nothing burger it is, the bigger the story it is to me on how it was treated and handled by crypto, the crypto world and media. Well, you know, it was interesting. I mean, I think that like so we had this crazy rip up and then when the next day on Tuesday morning, when this ticker symbol was suddenly gone, everyone freaked out and Bitcoin three retraced or four percent. Right. Not not nearly the entire move, but but meaningful. Then when it came out, when it came back, and even when it was revealed that it was nothing, people were like, oh, no, you know what? We like that higher level better. We'll go back to the thing. You know, this this asset wants to be, you know, somewhere around where it is now for the moment, you know, and sort of clinging to that, I think, you know, I don't know. I'm not sure what would knock it off. I guess, you know, another ETF denial entirely if the SEC came out and, you know, kind of wiped off the slate, maybe that was sort of, you know, really, I think it would have to be the January denial when there's actually a final deadline for I think that would probably be it. I think until then, we're just going to sort of maintain this hype. Maybe it'll float down if we hear nothing for a bit. Maybe my favorite actor in this whole story, I don't know if you saw today that Jay Clayton, who's been on his road show, the SEC chairman, saying that we should approve a Bitcoin spot ETF, saying if he was chairman now, he would approve a Bitcoin spot. ETF is the most fair weather clout chasing human I've ever seen in my life because he was literally SEC chairman and had the opportunity to approve a Bitcoin spot ETF. I guess we can say, hey, it's changed. The environment is different. Yeah, it's actually a lot worse. Like we're in a bear market. So I don't really get that. The life of an ex -regulator, it's very good work if you could get it. Living in the sun, man. Just like sunny 24 -7, got a great tan, having a beer and just getting to fight. It's kind of like being the party that's not in power in politics because you don't have to do anything but be critical and say what you would do if things were perfect. So much fun for him. But man, it just aggravates me. He's literally the guy who could have done it. But hey, what are you going to do? Now, moving on to the fifth and final story is not just the approval, but what would happen if we do actually get it, right? Bitcoin spot ETFs could see inflow of $14 .4 billion in first year. This is from a pretty comprehensive report by Galaxy, which we can accept and enter the site. You can see that here on galaxy .com. But we're starting to get the analysis, we can call it research. It's really hard because it's all projection on just how big this could potentially be for the market and how much money we could see coming in. I think the only real reference point we have is BITO, the Bitcoin futures ETF that was approved a couple of years ago. We saw over a billion in less than 72 or 48 hours of inflows, assets under management. That was the most successful ETF of all time. Launch any ETF, obviously, not just crypto ETF. And Valkyrie, which didn't launch for another 48 or 72 hours after that, even being second was still, I believe, the 14th most successful ETF launch of all time. So that was in a bull market. There was huge demand, obviously, for a futures ETF. Now you have 8 to 10 of these, including the biggest names in the investment world. What can we expect and how can we come to that sort of conclusion as to what we can expect? Well, to your first point, it's all just projection. So there's no certainty here. A couple of things worth noting. One, obviously, Mike Novogratz himself is a huge bull. He will always show up in the arena with a price prediction. That's sort of his thing. His team at Galaxy Research are not that. They're super serious. Alex Thorne was at Fidelity. He's been an investor for a long time. These are very serious people. If they're coming out with a $14 .4 billion projection, and that's in their first year, they think it goes up to $21 billion in the second year and $39 billion by the third year. They're looking at that. Listen, they still could have the rose -colored glasses that we all have in the Bitcoin space, but I think that you can take it more seriously than just some sort of errant CEO pumping up this space. So that's one thing. The second thing is, I think that these big numbers are predicated upon either an assumption or a bet that what's different this time is that, one, because you have an instrument which is accessible to a huge array of investors, and two, you have the providers of that instrument being some of the biggest giants in traditional finance, that all of a sudden those messages of get off zero, basically, the stuff that people have been talking about for six, seven years now or more, actually start to resonate. When you start to have some meaningful portion of people who wouldn't allocate before there was an ETF say, sure, 1 -5 % going in, it doesn't take all that much to add up to these seemingly big numbers. So I think that the question will not be, in some ways, so much to me what the actual number is because that's arbitrary. It will be, do the things that we anticipate happening because this instrument exists, i .e., this new set of investors allocating a little bit to it, does that actually happen? That's the big question. And if it does, it's game on in a huge, huge way. Yeah, do registered investment advisors actually say, okay, now that we can, we're going to? Do institutions say, now that we can, we're going to? Is the real demand there? All of these calculations, as you said, they're based on a theoretical, if we get 1 % from all of the investment managers in the world, it breaks down to X number. Mark Yusko came on, he did it. Yeah, it's like, we have some 3 trillion, if we get 1 % of those and they do 1%, it's this number, we're going to see. But I would tell you that the price action in the market is showing that at least that demand is there.
A highlight from John Zmirak
"Welcome to the Eric Metaxas show. It's the show featuring Go -Go the chimp. Nothing like a chimp to liven up the radio show. Easy there. Go, go, go, go, go, go, go. Folks, welcome to hour two. I continue my conversation with Megan Basham. We're talking about a lot of depressing stuff, but it's really kind of it's almost funny, Megan, because you were just talking about this concept of I mean, again, I always have to refer to my own books because I put my thoughts in these books. But in a letter to the American church, I talk about the idol of evangelism. This this crazy idea. I mean, every idol, of course, is a false idol. But this crazy idea that if we just go along with this and this and this and this, we'll be able to evangelize more people. So if we're really kind and using the pronouns people want us to use, if we don't advocate politically against same sex marriage, if we do that stuff, you know, those people will say, oh, aren't you nice? Maybe I'm interested in the Jesus that you're you're preaching about extensively. Well, that is the reason I reference my book letter to the American church is because that is exactly what the German church did in the 30s. Exactly the same thing. We think we shouldn't speak out against the Nazis and their policies because we think this is an evangelistic opportunity. We think it'll all be fine in the end. And they realized, no, it wasn't fine in the end. They had made a grievous, grievous error. And the door to hell was opened. That's that's something so similar to what we're going through now that all of these people I mean, genuinely, we have to give them credit. In other words, even though they were wrong, they this was genuine on their parts. They really thought, oh, it's about the gospel. But they delinked the gospel from the moral law. They delinked the gospel. They acted like we can just have this little religious corner. It's like a hobby. We do it in the basement and it's really nice and come on down there. And but but when we leave the basement, you know, we're just going to live in your world. We're not going to advocate for biblical values in the world because that's harsh. That will push people away. Right. And I think what you see again and again is they sort of make these mistakes at the head of these extremely powerful within the evangelical world organizations with these very large megaphones. And then they sort of quietly go, oh, gosh, maybe we're wrong about that. But they don't ever say, you know what, maybe the next time we should have learned a lesson from that. And when these same voices are sounding warning bells and crying out the alarm, we should listen to them. They don't do that. They continue to take this very sort of high handed dismissive. You guys are culture warriors. This is all political. And so they don't hear the exact same warnings from the exact same people again. And we just talked about, OK, so for a little bit, we had this coddling of pronoun hospitality until the pronouns now are becoming executive orders and you are going to be sued if you don't go along with them and you will their demand, which you cannot do in good conscience as a Christian, but they are demanding that you leave your Christian conscience at the workplace door if you're an employer or if also you could be sued for harassment if you're another employee who says, gosh, I can't go along with this. My biblical convictions will not allow me to go along with this. And so it seems like again and again, we need to have something of a reckoning of who were the leaders who allowed this in the door. And I'm looking at you Christianity today. I am looking at you, Preston Sprinkle. I am looking at you, J .D. Greer, who is a major Southern Baptist megachurch pastor, who was the former president of the convention, the largest Protestant denomination in the U .S. that he was out peddling a message of pronoun hospitality matters now when we see these kind of executive orders coming down. And then they'll very sort of quietly say, gosh, you know what, maybe we shouldn't have quite handled it that way. Now, they don't do what Rosaria Butterfield did, which was a ringing and so admirable repentance of that issue. She said, gosh, I got that wrong. I publicly repent and I ask for your forgiveness. And I was so impressed by her for doing that. You don't see that from these leaders. And when they do do it, you don't see a 180 turnaround like you saw with Rosaria on that issue. Instead, what they do is they continue down sort of the soft accommodationism. So even as they're saying, gosh, maybe we got that wrong. It's only because the outcry grew so loud and it became so clear how wrong they were that it almost felt like they couldn't avoid addressing it anymore. So when I see that sort of, oh, gosh, it's not it doesn't ring sincere for me because it comes with no sincere repentance. It comes with no turning away from that position and going in direction.
A highlight from Rosaria Butterfield (Encore)
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A highlight from SBF TRIAL PODCAST 10/13: Listen to the Things SBF's Defense Lawyers Should Be Freaking Out About and Caroline Ellison Completes Testimony
"Welcome to the SBF trial, a Coindesk Podcast Network newsletter bringing you daily insights from inside the courtroom where Sam Bankman -Fried will try to stay out of prison. Follow the Coindesk Podcast Network to get the audio each morning with content from the Coindesk regulation team and voiced by Wondercraft AI. For a moment Thursday, it looked like Sam Bankman -Fried's lead attorney, Mark Cohen, was lulling the U .S. Department of Justice's star witness, Caroline Ellison, into a false sense of security on the stand. The former Alameda Research CEO was clearly comfortable testifying during her cross -examination. She answered yes or no, questions with unnecessary levels of detail, a generally unwise practice for witnesses in a criminal trial. The government's star witness even corrected Cohen's choppy pronunciation and wording on certain questions. And yet, at the end of a nearly five -hour back -and -forth the press corps hoped would be fiery, Cohen rested without proving his expected point—that Caroline Ellison was perhaps more responsible for FTX's collapse last November than his own client. It was an argument Cohen seemed to telegraph in his opening statement, when he blamed Ellison's failure to hedge Alameda's bad crypto bets as somehow paramount. By his closing question to Ellison, he'd seemingly failed. Cohen, a well -regarded white -collar crime attorney, also failed to severely undermine Ellison's credibility. He landed one solid hit on the crypto empire's insider trustworthiness when he caught her conveniently forgetting the somewhat positive characterization of Bankman -Fried's awareness of their various alleged criming that she'd lodged during extensive pretrial interviews with prosecutors. A feverish -sounding, immediate intervention from Assistant U .S. Attorney Danielle Sassoon indicated she understood the moment's gravity. Judge Kaplan, who hates sidebars even more than the morning's court security officer hates cell phones, then called for one, revealing that he, too, understood. Did the jury? Probably not. Cohen did not bring up any questions about her recreational drug use. He did not deeply probe her past romantic relationship with Bankman -Fried. Granted, doing so might have caught jurors' ire. While answers to his initial line of questioning suggested Ellison ran Alameda on her own with little oversight from the defendant, possibly contradicting her testimony from Wednesday, Cohen dropped that angle fairly quickly. He also did not capitalize on Ellison's aggressive over -answering. Cohen did a verbal double -take when his binary question was hacking a risk to Alameda. Yielded, yes it was, it happened a few times from Ellison. And yet he did not follow up. Cohen's cross -examination plotted through old ground. He wrapped on a superficial kicker that cast Ellison as a baddie, but hardly worse than Bankman -Fried. To be clear, the defense has not yet begun presenting its case or confirmed that it has one at all. We don't know what final arguments they'll make to demonstrate Bankman -Fried is not guilty beyond a reasonable doubt. And the attorneys are limited in what they can discuss during cross -examination. They can only discuss issues brought up during the prosecution's initial direct examination. But Thursday's lackluster questioning of a key witness to the operation and collapse of what was once a multi -billion dollar empire continues a trend by the defense team. Christian Everdell, Cohen's partner in the courtroom, had a similarly aimless cross -examination with Gary Wang, another former FTX executive, on Tuesday. There, Everdell focused on specific details about Wang's signing of loan agreements with Alameda, his cooperation agreement with the DOJ, and the Alameda software bug. But he failed to really poke holes in the former chief technology officer's testimony or argue that his testimony was solely to advance a government narrative. By contrast, the DOJ has so far crafted what seems to be a clear, straightforward narrative. Sam Bankman -Fried took billions of dollars from his customers and investors, and he directed his closest friends to do things that enabled him to take these funds. He then gambled those billions on risky bets and poor corporate governance and lost. But the main issue at the heart of the government's case is that he took the funds to begin with. Thursday's knockout blow came at day's end, when prosecutors played secret tapes of Ellison revealing to her Alameda underlings that the company had used FTX as its personal piggy bank. It was a Watergate -esque moment that captured the jury's full attention. The prosecutors Alexander Butterfield equivalent, an Alameda software engineer named Christian Drappe, testified about the secret tape in a somber, if kind of messy, black suit and black tie. His contribution may well have buried the defense. The defense's ineffective response attempted to discredit Ellison's smoking gun tape from the all -hands meeting by playing a section where she laughed and said it had all been fun. But prosecutors mitigated that attack vector by getting Drappe to confirm Ellison nervously laughed all 18 months he knew her. Judge Lewis Kaplan even commented on the defense's possible fumbled play after the jury was sent out during a break. You have spent the last day and a half doing your level best, and I'm not criticizing. I understand it's your job. You should have been doing it, trying to impugn her credibility. You did that in the opening statement. You are going to do it in closing, he said during a back and forth on admissible evidence.
"butterfield" Discussed on The Eric Metaxas Show
"And one of the challenges we have right now is we live in a world really downstream from Freud, downstream from a person. That it is a personhood issue, not that it is a sin issue. So you hear people say things like, well, that I'm gay and I'm made in the image of God. I'm trans and I'm made in the image of God. Well, separate that being made in the image of God is Genesis 1 27. It means that you were born male or female and that you are reflecting, called to reflect God's image and knowledge, righteousness and holiness. Okay. Now we have to go to a break, but what you're saying now, you're bringing up the big point here. So when we come back, we're going to pick this up because, folks, this is the issue of our age and we're going to get into the book. We'll be right back with Rosaria Butterfield. For 10 years, Patriot Mobile has been America's only Christian conservative wireless provider. And when I say only trust me, they're the only one. Glenn and the team have been great supporters of this show, which is why I'm proud to partner with them. Patriot Mobile offers dependable nationwide coverage, giving you the ability to access all three major networks, which means you get the same coverage you've been accustomed to without funding the left. When you switch to Patriot Mobile, you're sending the message that you support free speech, religious freedom, the sanctity of life, second amendment and our military veterans and first responder heroes. They're 100% U.S. based customer service team makes switching easy. Keep your number, keep your phone or upgrade. Their team will help you find the best plan for your needs. Just go to Patriot Mobile dot com slash Metaxas or call 878 Patriot. Get free activation when you use the offer code Metaxas. Join me. Make the switch today. Again, go to Patriot Mobile dot com slash Metaxas or call 878 Patriot. Do it now. Legacy Precious Metals has a revolutionary new online platform that allows you to invest in real gold and silver online. In a few easy steps, you can open an account online, select your metals of choice and choose to have them stored in a vault or shipped to your door. You'll have access to a dashboard where you can track your portfolio growth in real time. Any time you'll see transparent pricing on each coin and bar. This puts you in complete control of your money. The platform is free to sign up for visit Legacy PM investments dot com and open your account and see this new investing platform for yourself. Gold can hedge against inflation and against the volatile stock market. A true diversified portfolio isn't just more stocks and bonds but different asset classes. This new platform allows you to make investments in gold and silver no matter how small or large with a few clicks. Visit Legacy PM investments dot com to get started. You're going to love this platform. Welcome back folks. I have the joy of speaking with Rosaria Butterfield who is a brave and articulate voice in our time. She has a new book out called Five Lies of our Anti-Christian Age and I'm assuming that one of them is just what you were beginning to talk about. This idea that people say things like well I am gay and I similarly to you would say like that that doesn't compute. What does that mean? That's like somebody saying like you know I'm an adulterer. What are you talking about? Like this is behavior that you're saying must be okay and but the bible says it's not okay. So how do you where do you get this idea this cultural idea that you're identified by this by the particular way that you are that you're broken. We're all broken but I don't identify myself somehow positively in terms of what God describes as brokenness. Right right right and you probably don't have a wolf for a pastor either so you got that you know that issue as well. I say that because these ideas have a battery to them and the five lies are not just in the world. They're in the church and that's part of the problem but yeah lie number one is that homosexuality is normal and you hear that when people say things like well I'm gay and I'm made in the image of God. I'm trans and I'm made in the image of God and it just confuses what personhood really means. Personhood means being made in God's and binary categories of personhood and reflecting that image in knowledge, righteousness and holiness. Homosexuality and transgenderism come from the world the flesh and the devil. You can't be made in the image of God as the world the flesh and the devil. It is simply not possible but the normalization of homosexuality which was you know a little bit of Freud and a in the evangelical church. Way too many hirelings in these parachurch ministries and nobody wanted to have the fight in the street. So what did they do? They hired revoice. They have the gay Christians come in and they simply try to make peace but the problem is LGBTQ plus is the reigning idol of our day.
A highlight from Larry Taunton
"Folks, welcome to the Eric Metaxas show, sponsored by Legacy Precious Metals. There's never been a better time to invest in precious metals. Visit legacy PM investments dot com. That's legacy PM investments dot com. Hey, you have you checked your bucket list lately? Are you ready to take care of item number seven? Listening to the Eric Metaxas show? Well, welcome. Tune in and then move on to item number eight. Skydiving with Chuck Schumer and AOC. Here now is Mr. Completed my bucket list at age 12. Eric Metaxas. Hey there, folks, welcome to the program. Today is Tuesday, September 19th. Exciting stuff. First of all, in a moment, we're going to talk about John Fetterman's clothing choices and how the world is going to hell at the speed of light. That's number one. Number two, we're going to talk to our friend Larry Taunton about everything else in the world and how things are going to hell at the speed of light. Larry Taunton, of course, dear friend. So he's my guest in our one in our two. We talked to another friend, Rosaria Butterfield. She has a book out. I have a copy here. Five lies of our anti -Christian age. She is amazing. We're going to have an hour with her today. That's our two. And then I'm going to get another hour with her, which will play another time because she's just extraordinary. So lots more to say on many other subjects. Tonight, we have a special Socrates in the city patrons dinner here in New York City. I want to talk about that another time. We're launching some very exciting Socrates initiatives, brand new, exciting. But so that's that's the setup. But we have our fashion expert, O .W. Root. He's a fashion blogger, culture critic. O .W. Root, welcome back. Thanks for having me. OK, what do we make of the unbelievably slovenly John Fetterman, who is somehow a United States senator dressing the way he does and not just that, but the headline is somehow maybe you know more about this than I do. The Senate, in a nod to the devil in hell, has said we're going to relax our clothing standards and we're going to let you wear a hoodie in the Senate. It's like we're making this up. What do you think of the situation? There's two things that come to mind when I think about this. First is the unbelievable hubris that exists in Fetterman. I mean, think of the hubris that it takes to serve as a senator in the United States of America, the most powerful empire on Earth, and essentially refuse to meet the basic standards of decorum and then force essentially a tyranny of the unreasonable, force them to relax their standards just for you. Think of the level of selfish hubris that exists there. And next, when we see this, it is a physical representation of the degeneration that we see everywhere. Our clothes reflect civilization and they reflect the health of our civilization. What the does clothing of John Fetterman again? Not some random guy on the street. He's a senator, United States of America, most powerful empire on Earth. And this is what he wears. And this is what they have changed the rules to allow. It is a sign of degeneration. Do we know why they changed the rules? I mean, the whole thing, I guess I haven't looked into it. So I'm not I'm not really clear on why they did that. Well, I know this. I believe that there is a rule that you can't vote unless you are wearing a suit. And he would vote from the corridor or something. Yeah, believe it or not. So he would sort of stick his head in and vote. So this is something like a high schooler. This was something a high schooler would do. You know, someone is like, I'm here, I'm here for class. Right now. And maybe they changed it for that reason. Maybe this reflects a bigger trend, honestly, toward the generation and collapse, because you've seen the adoption of tennis shoes. You've seen some of these senators that are pushing for sneakers to be allowed. Have you I don't know if you've seen these news articles, but there are more senators and politicians who are they've had these articles written about how great sneakers are and how we need to bring them into. The government. Yeah, yeah. I'm sure George Washington, if he could have would have worn would have worn sneakers, it's obvious that he would have worn red, you know, high tops, canvas high tops. No. Now, what's interesting to me about this? And by the way, people want to find you. They can go to necktie salvage dot com o w route at necktie salvage dot com. But we're talking about bigger issues, obviously. It's not about what one wears as much as what does it mean? What is what does it mean when a building is ugly? You know, is that just a architecture thing or does it touch the soul one way or the other? You could talk about brutalist architecture and how it seems to make us feel small and insignificant. There's other architecture. You look at it. It ennobles you. It inspires you. It's beautiful. Clothing is the is the same thing. And we talked about this last time you were on that, you know, since the 60s, there's been this it's almost like this kind of false egalitarianism, this idea that, oh, we don't want to make people feel bad who can't afford to dress well. So we're all going to dress like bums in solidarity with them. Now, the irony is that if you look at pictures from the past, every poor person, you see pictures in Harlem. Everybody is wearing a coat and tie, has tremendous dignity and took pride somehow in looking dignified and adult. And that's really what is happening to me. It's always it's a biblical issue in the sense that, you know, the head becomes the tail, the tail becomes the head. You no longer have this this order. In a sense, you have to say like, oh, we want adults to dress like kids because Federman, he's just like a sloppy kid. I mean, kids wouldn't dress like that years ago. But the point is that now it's like, I don't know, he has so much money and has so much white guilt that he wants to dress like what in his mind somebody would wear, you know, in the inner city. I don't know what's going on there, but it's something to do with that. We want to show solidarity with those who don't, you know, have the ability to. In other words, it's it's not logical, but that seems to be what's behind it. Absolutely. And this it reminds you of. Let's bring it back to those pictures you mentioned. You go back to the 30s, 20s, 40s. You could be destitute and you are you see guys wearing a coat tie. And there is a sense of ascendant dignity there. It's lifting up the impoverished, lifting up the common man because clothes represent him in a higher image. So what does it mean now in our decadence and in John Fetterman's decadence in our? We have so much money, he has so much money, and so he chooses to go down, he chooses to bring it down. Like you said, this false egalitarianism and go down and down. And it's not a shock that when you see those old photos, when things were really tough, times were tough, times were hard. But there was this need to reaffirm one's dignity through the difficulties. But for John Fetterman, there are no difficulties. In fact, he has made he's essentially forced the Senate to compromise to him. And so he has no difficulties. And so he doesn't need to reaffirm any dignity because he can dress like child. a And again, my son doesn't even dress like that. My son doesn't wear hoodies. My son doesn't wear a graphic T -shirts he wears. If I had a son who dressed like that, I'd put a beating on him. No, it's kind of it's kind of interesting. It's very interesting. It's a larger conversation. We don't have time right now, but we have to have it. But because I know that there are probably many men listening to this program right now who say, well, you know, Eric O .W., I don't know, I don't know. I don't like to I don't like to get dressed up. I don't like to I get that. Now, there's there's a there's another conversation there about the whole thing, because I really think what's happened is this used to be so normal that you didn't really have to think about it. Everybody had a certain kind of clothing. You just put it on like a uniform. You didn't have to think of it. I kind of have that. You know, I kind of a couple of jackets. It's not like I got to go, oh, what am I going to do? What? And I think that's part of what's happened is that we have we we no longer know how to dress. We don't know what is the formula. What is the it used to be a basic thing. Kids, young boys would wear shorts, not long pants. At a certain age, you dress like a man. You'd wear long pants and a coat and tie. Kind of a basic thing. Policemen wear a uniform. A nurse would wear uniform, doctor or uniform, white, whatever. All of that stuff was part of the culture. It's gone out of the culture. And now we're sort of confused. And so a lot of people in their confusion, they throw up their hands, they put on a hoodie and they vote in the Senate. We're at a time. Oh, W. Root, thanks for coming on necktie salvage dot com. Coming up, Larry Taunton. And after that, Rosaria Butterfield, folks, don't go away.
"butterfield" Discussed on The Eric Metaxas Show
"Oh, absolutely. But I would say my biggest motivation for telling my story was we were, Kent and I were married and we had adopted at that point two children out of foster care at the age of 16. You know, I think one of the few people I know who have adopted people who stand a foot taller than I am when I meet you for the first time. And, you know, they thought I was just all cleaned up and I wanted them to know I serve a God who can move mountains and can certainly change feelings. So if the question is, can God change my feelings? Oh, God can tell the mountain where to stand and he can't change my feelings? Why do we think feelings are bigger than God? So I very much wrote it, I even dedicated it to my children because I wanted them to know that I serve a powerful God and that you can too. And that is the gospel story. The gospel story is a story about change, of repentance and belief turning. It's not a story about God just loving you right where you are and not expecting any change. That's ridiculous. Jesus Christ is the second Adam. He came to save us from our sins. Now I want to be clear that, you know, when I'm talking to people who were once, in this case, in the gay lifestyle, it's like talking to somebody, you know, who used to sleep around with members of the opposite sex. Then they become a Christian and they stop doing that. There's a continuum in the sense of where those people are in terms of the struggle. Some people still have the desire. Sometimes it's still a strong desire. Sometimes it goes mostly away. Sometimes it goes all the way away. But the point is they're obedient to what God says. God says, no, no, no, you don't do that. I love you. You don't behave like that. And that's what's traction. But now I don't act on it in the same way that many men would say that I have longed for someone other than my spouse. But I don't do that. I don't go there because I know that God says, no, no, no, you don't do that. So, you know, it's important that we, A, say that God is in the business of changing lives, but he does it in different ways every time. Sometimes it's just utterly miraculous. I mean, I know people that have been delivered from addictions, like drug addictions, instantly. Other people, it's a lifelong thing that they're dealing with. And it's just important to say that because the fact is God is God. He's going to do it the way he's going to do it. Right. Could I add one more thing to that, though? It's also really, really important. And we need to learn how to hate our sin without hating ourselves. And so we can't coddle a sinful desire. If you desire an object that God has said no to, that's sin. That's not your sexual orientation. That's your sin orientation.
"butterfield" Discussed on The Eric Metaxas Show
"Welcome to The Eric Metaxas Show. I shouldn't tell you this, but Eric hired someone who sounds just like him to host today's show. But since I'm the announcer, they told me, so I'm telling you, don't be phoned. The real Eric's in jail. Hey there folks, welcome to the program. I am really particularly excited to speak to my guest right now. Her name is Rosaria Butterfield. If you don't know of her, hold onto your hat because her story is amazing. She's been on the program in the past, but it's been a while. So before I get into the details, let me simply say, Rosaria, welcome to the program. Thank you, Eric. It's such a joy to be here with you. It's a joy for me. Now, your story is an amazing story, and I want to start there for people who don't know who you are because very few people have stories as dramatic as yours is. You have a new book out. We're going to be talking about that. It's called Five Lies of our Anti-Christian Age. This is red hot stuff. But your story is that you were a professor of English and women's studies at Syracuse University. You were in a same-sex relationship for years, and then something insane happened, and you became a Jesus freak and got married. You're a homeschool mother. You speak around the country. But your story is an extraordinary story, and I just want to touch on that before we get into this book for people who aren't familiar with it. I've given the highlight. Yeah, absolutely. I mean, it's the power of the gospel to change lives. I was a professor of English at Syracuse University. I was a coordinator of what was then called the Gay and Lesbian Studies Program. In many ways, I was hired and mentored and then tenured to make homosexuality look wholesome, which to my shame, pulled off. I wasn't just any old lesbian. I was the one you were not wanting to have to deal with. I wasn't just any old lesbian. No, not a guard variety one. No, I co-authored the university's Domestic Partnership Policy, steamrolled gay marriage. Listen, Eric, when I look at this world, my fingerprints are all over it, and I think about that every day. But I was working on a book on the religious right, basically just wanted to know why people like you hated people like me. Straightforward question. I didn't need any more friends. I didn't care if I had any more enemies. I just had a question. In the process, the Lord allowed me the amazing opportunity to get to know Ken Smith, who was the pastor of the Syracuse Reformed Presbyterian Church. He was also my neighbor. And after about 500 meals at his house, probably a conservative number there, and reading through the Bible seven times with Ken, we weren't sitting around chatting about whatever. He didn't ask me how I felt. He didn't ask me if needed a gay bowling league in the church. He genuinely wanted me to know that he accepted me as a lesbian, but he didn't approve because God didn't approve. And so I just put that out there because I think people don't understand. I came to faith under the doctrine of the Christian faith, not this garbage that you see out there right now. The idea was that I would change, that God would capture my heart, and I would desire Him, and that I would change and no longer be gay. And so really, when I committed my life to Jesus, it wasn't because I stopped feeling like a lesbian or I was just kind of zapped. It was that the resurrection of Jesus Christ was true, and it was a truth that I had no interpretive authority over. And that's when the there's so much to talk about. Now, you wrote a memoir called The Secret Thoughts of an Unlikely Convert, and I recommend it. And one of the joys of talking to you and to Beckett Cook and to so many others that I've spoken to over the years is to hear the stories of people who were in that world, who are not anymore in that world, because we live in a world that has a narrative, and that narrative doesn't like to hear stories like yours or Beckett Cook's. They say, no, no, no, that can't happen. That doesn't happen. Those people are nuts. Well, it does happen. I have friends to whom it has happened. And it's an amazing thing when you hear the stories of transformation and suddenly you're confronted with the idea that this is possible. I lived in a world where I was told this is not possible, this cannot happen, and yet here's a story, here's a story. And, you know, you go into details in your story. But one of the reasons, as I said, it's a joy to have you on is just because there's so few places where you can hear stories like yours that give people hope that maybe my life can be different or my friend who's going through this or my friend who's going through this. So just imagine that that was one of your motivations for telling your story.
A highlight from Rosaria Butterfield
"Welcome to The Eric Metaxas Show. I shouldn't tell you this, but Eric hired someone who sounds just like him to host today's show. But since I'm the announcer, they told me, so I'm telling you, don't be phoned. The real Eric's in jail. Hey there folks, welcome to the program. I am really particularly excited to speak to my guest right now. Her name is Rosaria Butterfield. If you don't know of her, hold onto your hat because her story is amazing. She's been on the program in the past, but it's been a while. So before I get into the details, let me simply say, Rosaria, welcome to the program. Thank you, Eric. It's such a joy to be here with you. It's a joy for me. Now, your story is an amazing story, and I want to start there for people who don't know who you are because very few people have stories as dramatic as yours is. You have a new book out. We're going to be talking about that. It's called Five Lies of our Anti -Christian Age. This is red hot stuff. But your story is that you were a professor of English and women's studies at Syracuse University. You were in a same -sex relationship for years, and then something insane happened, and you became a Jesus freak and got married. You're a homeschool mother. You speak around the country. But your story is an extraordinary story, and I just want to touch on that before we get into this book for people who aren't familiar with it. I've given the highlight. Yeah, absolutely. I mean, it's the power of the gospel to change lives. I was a professor of English at Syracuse University. I was a coordinator of what was then called the Gay and Lesbian Studies Program. In many ways, I was hired and mentored and then tenured to make homosexuality look wholesome, which to my shame, pulled off. I wasn't just any old lesbian. I was the one you were not wanting to have to deal with. I wasn't just any old lesbian. No, not a guard variety one. No, I co -authored the university's Domestic Partnership Policy, steamrolled gay marriage. Listen, Eric, when I look at this world, my fingerprints are all over it, and I think about that every day. But I was working on a book on the religious right, basically just wanted to know why people like you hated people like me. Straightforward question. I didn't need any more friends. I didn't care if I had any more enemies. I just had a question. In the process, the Lord allowed me the amazing opportunity to get to know Ken Smith, who was the pastor of the Syracuse Reformed Presbyterian Church. He was also my neighbor. And after about 500 meals at his house, probably a conservative number there, and reading through the Bible seven times with Ken, we weren't sitting around chatting about whatever. He didn't ask me how I felt. He didn't ask me if needed a gay bowling league in the church. He genuinely wanted me to know that he accepted me as a lesbian, but he didn't approve because God didn't approve. And so I just put that out there because I think people don't understand. I came to faith under the doctrine of the Christian faith, not this garbage that you see out there right now. The idea was that I would change, that God would capture my heart, and I would desire Him, and that I would change and no longer be gay. And so really, when I committed my life to Jesus, it wasn't because I stopped feeling like a lesbian or I was just kind of zapped. It was that the resurrection of Jesus Christ was true, and it was a truth that I had no interpretive authority over. And that's when the there's so much to talk about. Now, you wrote a memoir called The Secret Thoughts of an Unlikely Convert, and I recommend it. And one of the joys of talking to you and to Beckett Cook and to so many others that I've spoken to over the years is to hear the stories of people who were in that world, who are not anymore in that world, because we live in a world that has a narrative, and that narrative doesn't like to hear stories like yours or Beckett Cook's. They say, no, no, no, that can't happen. That doesn't happen. Those people are nuts. Well, it does happen. I have friends to whom it has happened. And it's an amazing thing when you hear the stories of transformation and suddenly you're confronted with the idea that this is possible. I lived in a world where I was told this is not possible, this cannot happen, and yet here's a story, here's a story. And, you know, you go into details in your story. But one of the reasons, as I said, it's a joy to have you on is just because there's so few places where you can hear stories like yours that give people hope that maybe my life can be different or my friend who's going through this or my friend who's going through this. So just imagine that that was one of your motivations for telling your story.
A highlight from John Zmirak
"Hey there, folks. Welcome to the program. I believe it's Monday. Chris, is it Monday? Check your watch. It is Monday. It's Monday. First of all, we decided to start the week off with a bang. His name is John Zmierak. Everywhere I go, people say, I love John Zmierak. I love John Zmierak. I say, you're welcome. Zmierak is awesome. We're going to talk to him about everything. He's like a human kraken, I like to say. Yes, like a human kraken. It has to be released carefully and not too often. We got Zmierak coming up. A lot of news here, folks, before we get to John Zmierak. Of course, we're going to talk to John Zmierak about all kinds of news. I'm not sure who we have in an hour or two today. It might be Rosario Butterfield, who has a new book out. And we have Jennifer Morris as well. It might be Jennifer Morris, who has a book out. Oh, my gosh, we got some heroes on this program. It's such a privilege over the years to have gotten to know these wonderful people and to have them on this program and to bring them to you, my listening audience or viewing audience, if you're watching this on on Rumble or or whatever. But OK, some big news. I believe I mentioned it last week, but my book Letter to the American Church has struck a nerve around the country. Thank God. And people are giving it to their pastors. And this has been going on for a year. I've never been busier, which is good and bad. So please pray for me because it's a stressful time. But the wonderful news is that a documentary film has been made called Letter to the American Church based on my book, Letter to the American Church. The trailer I saw the trailer the other day I was with Charlie Kirk at TPA USA Faith at a pastor's conference in San Diego. And I just want to say that the trailer is shorter than the film, but it's intense. And everyone raved about it. And I'm very excited about this. If you want to see the trailer, we if you get my email, which is the Eric Metaxas dot com, the newsletter, I'm pretty sure we sent it out this morning. It did go out this morning. You can also go to Letter to the American Church dot com as well. And we will be I'll be posting it on Twitter, probably on Instagram. But it's so exciting to think that the message, which I want to say is not my message, folks. This is what I believe God is saying to his people. And we are just his vessels. But it's about waking up the American Church in the way that the German church did not wake up in time. And that's a big deal. It's a very big deal that we would kind of act like, well, weird stuff could happen in the past, but, you know, everything's cool here. No, everything's not cool. And God is calling us to wake up and to get involved in everything. And, you know, it's an interesting thing because we know that the state, the government is not supposed to have any involvement in the church. We know that. But the church is supposed to have every kind of involvement in the government and politics. We who are in the church are supposed to bring God's values into every part of the culture to propose those values by getting candidates elected who share those values to the best of our ability. OK, we're not going to ever find a candidate that agrees with us on everything, but it's all very important and we're in a very, very crucial time. So the idea that this documentary will be out, probably.
"butterfield" Discussed on Focus On the Family Daily Broadcast
"Well, what a wonderful story about the Holy Spirit at work, drawing rosaria to himself in such amazing ways. And we're really looking forward to sharing part two of her story with you next time. And if this focused on the family episode has raised any questions for you about what it means to surrender to Jesus Christ and become a Christian, we have a free booklet, it's available in print or download called coming home, and it answers your questions. We'd also recommend that you contact us to get a copy of doctor Butterfield's book, the secret thoughts of an unlikely convert. Our number is 800, the letter a and the word family, or check the program notes to learn more. I really hope you will contact us about Rosario's book. It's such an amazing story and a great resource that you can use to share your faith with others. We can send this to you the secret thoughts of an unlikely convert when you make a monthly pledge of any amount to focus. It's our way of saying thanks for partnering with us to spread the good news message of Jesus to as many people as possible in a monthly pledge is super helpful because your ongoing support enables us to produce programs like this one and provide websites and counseling services and articles and videos and so many other practical resources that families need. That's right. And monthly giving is how gene and I do it. I know that's how you and Dina do your support of focus. We're inviting it to join our sustainer team by making a monthly pledge today, even $10 a month amongst a lot of people makes a huge difference. And let me encourage you to consider doing that today. Yeah, we'd ask you to pray and then make a pledge if you're able to. If that's not possible right now, one time gift will also be effective and helps us immensely. Let's work together to share the gospel and strengthen today's families. Do that today when you donate online, the details are in the show notes, or call 800, the letter a and the word family. Coming up next time, the continuation of doctor Butterfield's faith journey. What I realized is that I was standing in a long line of godly women. The Mary Magdalene line. And that that was right where God had me. And that my sin was wiped away. And if he brought to me a godly husband, he would make me a loving godly wife, and the lord did that. On behalf of Jim Daly and the entire team, thanks for joining us today for focus on the family. I'm John fuller inviting you back as we once again help you and your family thrive in Christ. Focus on the family Clubhouse and focus on the family Clubhouse junior magazines are fun and educational for your children. There's a story that Clubhouse does every month where it's pictures, so there were to the story are written and then objects and characters are pictures instead of words. And so that has been great for early reading in a way that I didn't expect. Learn more at focus on the family, dot com slash club radio.
"butterfield" Discussed on Bloomberg Radio New York
"Us. Finance can't be fun. Who's in the zoo, guys? Which one of us? Bloomberg's surveillance must listen must watch. I think they made a great decision separated us both. We did mornings at 7 eastern on Bloomberg radio and Bloomberg television. Happening in New York right now, slack frontiers, the company's annual conference where they've unveiled the latest innovations to a product that's become integral to the hybrid workplace, joining us now, Stuart Butterfield, slack cofounder, and CEO, joining us from our studios in New York, Stewart, great to have you back with us and thanks for coming in. Among the many announcements today, you're building out slack huddles, adding this new video feature, and I'm curious with video conferencing, a very crowded market. What's the unique niche that you hope slacks offering will fill? Yeah, thank you, Emily. It's a little bit different than a video call. So huddles for those of you who are not familiar used by tens of millions of people a week on slack and up till now they've been audio only and the intention is a little bit different than like a call that has a scheduled start time and end time. They're more for serendipitous spontaneous conversations and they've been really valuable in that respect. Fastest growing feature in slack's history, people who love it. So we're adding a little bit more of a coworking space. And I think there's a difference between on the one hand meetings on the other hand, people working together and happening to use computers at the same time. We're definitely on the far left edge of that spectrum and I think that I like all of the people in the audience will be on many, many more video calls. Years from now, but I think there's also a whole set of tools that kind of became obvious that their desirable during the pandemic, but we're just starting to see some of them now. Some of them will come from slack, some of them are come from others. It's actually a pretty exciting time in enterprise software insofar as enterprise software can be exciting at all. Indeed, of course, you know, there's competition here from Zoom and Google Meet and Microsoft Teams and Cisco WebEx. And in the same way that you're kind of moving on to, let's say, zooms turf a little bit. You've got zoom announcing some chat features. Are you at all concerned about them taking slack market share? No, not at all. And to be clear, we hit like our happy zoom customer and I don't expect that to go anywhere. There just is a lot of use cases that aren't covered by the 30 minute video call. There's also a huge amount of stuff that Zoom does that I don't think slack will ever do and also vice versa. But we're at this moment where it really feels like I'm personally as optimistic as I ever have been in the last 20 years. But it really feels like there's an opportunity to create a couple of brand new categories and in the same way that everyone has the standard set of email and calendar and word processor and spreadsheet. There's a couple more slots there that the pandemic made clear were really important. And so we're excited to spend a lot of time experimenting there and releasing new stuff. Now, you don't have to worry about this as much now that slack is part of Salesforce and I wonder actually if there's some relief that you actually don't have to worry about the market meltdown. But you've been building companies for more than 20 years. You lived through the dotcom boom and bust. What's your take on what's happening with the economy right now? If Elon Musk has a super bad feeling about it, how does Stewart Butterfield feel? Well, so I'm done pretty old at this point. I'd graduated from high school in 91, so I worked through the 1992 recession right through the dot com crash that whole roller coaster 2008, of course, as well. Uncouple of other littler ones. I don't want to suggest that there's no dislocation and there's no immediate negative impact for a lot of people in the short term, but at the market level, I see this kind of working itself out over maybe it's 6 months if we're super, super lucky, maybe if it's 18 months, if it's a little bit more realistic, but we do come out the other side and so many great companies, including slack, we're started this company that became slack started in 2009 kind of right in the absolute bottom part of the trough. So I think there's also a lot more opportunity now. Interesting. So how do you think Silicon Valley looks different after this? I mean, if it's not a major dislocation, is it just a sort of evolution? Yeah, I mean, so if we're talking about just stock prices, I think multiples have come down to a pretty realistic level now. And so now we'll see if people can deliver the earnings that are expected. We'll kind of stay in the same box for a while. The bigger question is whether whether we imagine a recession that would really impact this. But I think something else is going on at the same time, which is we've really realized the importance of all the digital infrastructure that supports productivity and collaboration. And just to make that a little bit more tangible for people, if you go back to march of 2020 and imagine a parallel universe where you could keep traveling for work and use conference rooms and commute, go to the office, all of that stuff. But you took away the software. All of these companies would have just disintegrated in like 24 hours. So at some point in the last 20 years, we switched from a world where the physical headquarters was more important than the digital to the other way around. And yes, we use digital headquarters as a marketing term, but I just mean, obviously, all of these companies continue to exist. And when that happens, I think there's a lot more interest in investment. The worst case scenario is the chief information officer who views technology as HVAC for the building. You're just trying to get it as cheap as possible as opposed to an investment in the organization's overall effectiveness. And the latter case is really what we're seeing with customers. Now, slack is becoming more and more
"butterfield" Discussed on Yanks Go Yard: A New York Yankees podcast
"Is this a spot? Is this a spot for him? I don't know. Just consider that, but Brian Butterfield has worked in the Igor organization in the past. He's worked in many organizations. He has one consistently, he has been one of the league's better third base coaches. Is that somebody you want to hand the keys to you? After a season of struggle after a weird Phil Nevin year, art is Aaron Boone's bad cop gonna be a bench coach now. Are we gonna dismiss Carlos Mendoza? Do we need the bad cop to be a third base coach or can we just bank on experience? 'cause I really do like Butterfield and I feel like adding him to the coaching staff would be nothing but beneficial. Also, John Sterling, beloved, we all love John Sterling. Rumor has it is gonna take on fewer games this year, moving forward for WFA and his legacy was complicated a little bit moving forward by the fact that he was not allowed to travel to road games for most of this year. It magnified his struggles, it amplified them and made us feel weird. The fact that he was looking at TV monitors and not looking at game action led to Sterling's trademark it is high as far as caught occurring more often than ever before. The Giancarlo Stanton play, much like the Phil Nevin send around third in the wild card game. The Giancarlo Stanton blast that wasn't a Homer that was called a Homer that embarrassed everybody and he said, what did I do wrong? He's on first. That didn't feel good. The less Sterling I guess the better if he's going to be cotton situations like that. But it still does feel like the end of an era, I'm not ready for it. I'm not willing to admit that it's time to move on from John Sterling and so seeing that admission on Monday morning on the old New York Daily News or maybe the post it made me sad. I just want to still say that a lot of people who think John Sterling is the worst and is a curse and is the worst thing to ever happen to Major League Baseball. Have never lived a full season with his calls and had ever lived and died with his voice. He is the voice of Yankee summers. And he always will be. So you take the good with the bad and if it's gonna be less John Sterling, we've already said goodbye to Ken singleton. It doesn't feel good. I will sign off today. Mini pod, little pod, Thomas back on Wednesday, don't you worry about it. He's gonna be handling solo dudes on Friday. I will be in Los Angeles, California, too late to watch. Dodgers, bummer for me. Anyway, before we sign off, the Red Sox and asters are still playing. I feel like I have to mention it. I said before the series, this was going to be one massive blowout for the Red Sox one massive blowout for the Astros and a bunch of 6 5 games and it was who's gonna be hitting during winning time? Who's gonna be performing?.
"butterfield" Discussed on Who? Weekly
"What's her face like. Took a fork and like hit against a tire a little bit or something dot quite certain how to like perform work is is so funny also i hate to like yeah why is why does the song no work from home and there's so many there's so many ways to like get the point across that you're working from home like construction. Even the construction doesn't eunuch set. Construction is the imagery for work from home makes no sense and i know that work from home is like innuendo i know about like. Let's just fuck it home. Like i understand that. But it's like construction is the wrong metaphor and all actually working on a home talking on a whole rama home exactly and so they didn't know how to translate first of all work from home now has a totally different meaning than when the song came out. Let's say work from home in. This song came out was more convincing as an innuendo. Because people don't didn't really work from home it wasn't like always this about a freelance lifestyle to me. I was like oh relatable like. Is this about you know making sure making sure that you walk around a little bit each day so you don't sedentary is is about leaving your house. It's about like making yourself lunch. Oh i love a song about that. It's my life instruction is one of those essential jobs that simply cannot be done at home. Actually it cannot be done at finished. Home has to be done at an unfinished home. So you're right so they chose like imagery that never ever fit the ever worked for. I'm just saying this has always been a fascinating subject. so same. Scar is is a construction worker from home. He's in slumber party. That's how we met britney spears. He started this career of being music videos. By being ex-girlfriend. Meyer veronica's music video. Nobody friend no problem and she reacted to them getting engaged. Which i love because check. She was very supportive next engaged. Her britney he'll about it. Oh my god. How am i going to feel great. I feel very happy them. You know he finally hit the jackpot is. She had the jackpot to though the port of a really really guy. Yeah after all this year. She's been through she. She deserves a guy like that. Do you think this array reasons because a lot of people online and say he just for cloud burn money but he comes off so charming on social media to be honest with you again. You use a really sweet guy kind of a similar petition. I'm management and my were extremely controlling. Yeah so he was always super super supportive. I think with the rank. So it's like okay. That's a great quote generous line. Yes i if you had to guess what got pulled out of that line to be the the head the the leading quote what would it be on and anywhere else. Tmz or just everywhere else over the internet which line would you pull out to make it. Look shady he hit the jackpot bingo -actly he hit the jackpot all over. You see her. Osama scars. ex-girlfriend reacts to engagement. He hit the jackpot anyways. I just. I really like myrow veronica. Maybe i'm a fan to ben. Barnes has a music. Barnes is embracing. He's starting a music career last week. Ben barnes he was like vaguely dating julianne. Hough remember that We were like ben burns. What's going on with ben barnes. On the other time we saw ben. Barnes was when he was in westworld anyways. He is releasing music his dream. He didn't think he was going to get to release music like this but he put out a song. It's called eleven eleven brings called. Don't speak for him like that. Like one of his friends. He didn't stick asking to be able to do this in his in his. I am so thrilled to be sharing with you. After twenty years of wanting to release my own music and finally finding the right reasons. It is never too late. Does the mirror number time. Eleven have mystical causing significant. Maybe not but it can't hurt to make a wish if you see it my wish. The song is for you to be happy free and fearless and the pursuit of your dreams..
"butterfield" Discussed on Who? Weekly
"I can become a better version of myself. One of the things. I came across. Was somebody talking to me about how to clean your body and how everyone is doing calling cleanses and this person told me that you can do everything. Clean by buy juices. Whatever like me now but if your liver is not fully working then it doesn't make sense to do anything else. So i researched a little bit. And i came to the conclusion that i really wanted to do. Derek huff did a twenty five things. You don't know about me. The headline called out the one. I snuck at the john. Mayer's dressing room but argued. That's the least interesting thing of his twenty-five his his actually quite boring to be honest but one of them is really good. and it's because of brackets. We mentioned we were going to mention brackets again. Powerful powerful brackets the voice of the editor shining through as always what i want to see the most in my you know us weekly and in this one nicole massive brooke or her editor really like decided to take things into their own hands. He said number twenty one he said i'm to read without the brackets and then to add the brackets. Okay haley and. I are obsessed with sack boy on playstation and completed it to ninety nine percent during gordon dean so then nicole comes editor. Was like this isn't gonna work and is said how about number twenty one girlfriend hayley herb bird and i are obsessed with sack boy on playstation have completed presenter and cartoons so they added girlfriend and her last name. We don't know who this woman is and we don't know why we care about her. Okay let's answer those questions and to brackets and in case you didn't know what she is. I'm gonna read from her profile. Which is his girlfriend. Hayley brackets league brackets girlfriend or brackets girlfriend brackets. Herbert is a lover. An animal. Enthusiast and food fiend. She's also a top six. So you think you didn't so you think you can buy lists and she's on dancing with the stars. I guess we know like as a dancer. She's a pro welcome to early unofficial theme song by so today. We are going to be doing something that might potentially ruin our relationship. It might traumatized disconnection it might be the end of daily forever. I'm just kidding. Get heated a warmth saima's garis ex-girlfriend reacts says engagement to britney spears i love this so like samos gary's girlfriend was either tracked down or she was made a phone call but i think it sounds more likely that she made a phone call. This is the first time that she and the other fastening thing about famous ex girlfriend. Whose name is myra veronica. Who is a very popular Spanish spanish popstar is. I don't think she would like to think that she is but she is. She's got some like song. She had like a song she had like a number one song on the dance chart spanish-language dan start like one but it was with other people i think that basically even her wikipedia everything about it is like extremely inflated. I don't think she's as impactful as she would like you to believe but she has released. She's oslo though technical hits yes hustler. She's always working. She's always simply a music video. Always trying to get her face out. Ten point is is it. She dated sam gari after she met him on the set of her music video. And if you remember how. Sam met britney spears xactly. Sam britney spears on the music video for slumber party. Which is larry. Because who also let me tanatshai. Tanaka and sam met myra on the set of her music video. No boyfriend no problem. The problem is that it sounds like this. This is not. This is not no boyfriend no problem. This is what one of her songs sounds like which is like just listen along. Ooh well. it's a womanizer. Rip-off myra moronic asong freak like me. Which is a like. She's a brittany spears wanna-be and them sam oscar. it was like i'm going to get the real deal. That's so also did reggie bush. Who was married to. Kim mary to that they get married. I forget anyways reggie. Bush was ever married to compassion. Okay they dated though..
"butterfield" Discussed on Leading Saints Podcast
"Came up with this great idea to do a recovering out loud. And i'm excited to that. But some of my favorite moments in his journey because really only been open about my addiction recovery since january twenty twenty one he launched. The podcast might release society. Asked me during quarantine to get on a zoom meeting and just talk to release society about my experience uneven. Even that is just allowed me to connect deeper with people in my own community in my own neighborhood. I had no idea struggled addiction because their loved ones. Were in it or suffering with the in some way you know so i think just utilizing recovering addicts in whatever way you can. Whether it's on zoom meeting in release society or sunday school whatever it allows us addicts form new connections in help people. So you don't have to write a book or start a podcast to have impacts. You can impact people right around you in ways you never thought possible just by sharing some one on one awesome. On the end it would imagine if a stake or ward relief society or youth group. You'd be open to doing as a zoom fireside impersonators tighter things like and that's the thing that i've known sure highlight this before as oftentimes you can be corm or a release citing. You're just sort of like you know. They just not feeling it here doesn't seem authentic and the even the going prince thinking. I'd love to make this more authentic but i dunno. I can't just tell people to stand up and tell about their personal stories and so a great way to sort of prime. That pump is to invite a guest speaker. In model the vulnerability talk about their story. Even if it's more dramatic like owning your stories and then then people feel the vulnerability like oh. That's what a cycle. I could probably do more of that. And it just sets the tone that much different in a sort of rejuvenate the the former relief society so awesome. I wanna. I've got one more question for you. But while highlight some of these comments. Coming in eric says thank you both for sharing to help others powerful and inspiring i. I'm proof this one atom. But i i trust he's of mine. I'm catching the tail end. I appreciate your openness about your addiction recovery not sure it came up in leading saints or another podcast but when those who have dealt with addiction share to help others it's such a powerful application of ether. Twelve twenty seven making weak things. Become strong addiction exposes our utter weakness as humans giving in to our humanness. But when will you overcome the addiction and are able to lift others by sharing. The lord is able to make our weakness then cuts it off so it was on that awesome. Thanks adam all right last question. I have for you is. How has your journey through addiction through. Recovery helped you become a disciple of jesus christ it almost seems like a silly question to ask but put words to it and just go first and then kelly will send offer okay. I think i just experienced the grace and love of christ even when i came to a meeting seeking health even when i had doubts in my mind even when i didn't know if heavenly father jesus christ was real. He gave me love in my time of need end going through the twelve step program which the addiction recovery program is the twelve steps of alcoholics anonymous adapted into the framework of the gospel of jesus. Christ i really just learn how to apply the gospel in my life. It was a step by step guide. About how to apply the atonement of christ. And i just in my heart and not only on the outside but on the inside i experienced this amazing change from someone who was lost and broken to someone who became happy full of peace and i am just so grateful for jesus christ and what he gave me and i just. I'm grateful for my rise. Like i'm a recovering heroin addicts. But i have a good marriage. I have three beautiful children. And i had a lot of happiness. And i'm just grateful for christ's. And i don't know if i would be where i am today if it wasn't for him and his determinant so i'm just so grateful for that awesome. Gilly wanna make sure i don't know. Did you ever mention the title of your book. The title of my book is between and mercy and you can find it on amazon or Cedar fort publishing well so it's so good. I mean i despise it enough and it's a short read. It's not like this lengthy biography of life. It's just so good and to the point makes you cry so anyways absolutely allows your journey helped you become a better. I was cheering up. Listening to jessica so i believe that. It's made me a better disabled. Because i have been had the opportunity to get to know who the savior is and what he can do for us and really truly feel has left for me after so long of not experiencing that or believing in it and then all of a sudden having this understanding enlightening that happened and healing. That's happened it helps me see who he is in in that. I desire to be my loyalty to him. Has just grown. And so because i feel his love and what he can do for me. I want to help those around me to help them. See that there is freedom from from this darkness there's freedom from these traps and and that they too can have this experience in this relationship with him like my desire for that is true and authentic and and my loyalty is fierce. Tim that concludes my with jessica butterfield and kelly thompson definitely check the show notes out to for all the resources that they mentioned their podcast subscribe to it. They're doing good work and this could be a phenomenal resource for leaders especially when maybe as a leader or as a loved one to to an addict you can push individuals towards these resources and help them find hope and relies that people have recovered. People do find redemption. It's beautiful and here's your charge right like as leaders. We need to encourage people to tell her story. We need to set the stage for these individuals to tell their story of redemption. I mean there's ever been in a sacral meaning where somebody tells their recovery story like time stops. It is like so enriching and I just brings me back my own personal redemption with the saver like we all have stories right even though maybe i haven't gone through intense addiction. We all have stories of redemption. And if they can share it we could share ours and brother zone so he can share his brother sister zone so can share hers and then it. That's where unity is. This is the secret to unity is telling our vulnerable stories of redemption and addicts are great way to do that and it keeps them sober. Like i'm again. I don't need to rehash the points but so important for us leaders to set the stage for them to share their story and remember text the word lead to four seven four seven four seven in order to access the three most popular sessions of the liberating saints library..
"butterfield" Discussed on Leading Saints Podcast
"I had learned. As a child was true. I held onto that and began to pray and in some of the worst situations that someone can be in some of the most terrifying and scary situations i began to pray and god really truly became my best friend to end in the darkest of the dark. And i think that a lot. When i read pink section one twenty-one dnc where you know it's it's the prophet and heason liberty jail and he's having this experience of wise so hard but it ended up being such a sacred experience for him. I think about that at the end of my using that it was such a sacred difficult time. But exactly what i needed in heavenly father knew exactly what i needed to help build the willingness so that i could turn to him in humility and begin to see what he could do with my life and i've been clean and sober for four and a half years now. The sister missionaries are a big part of my testimony as well. They showed up in kind of a miraculous moment in the church did a really great little his grace video about a story and they just did such a job but that was an eye opening moment for me heavenly father really is there an loves me and cares about me and did not define the way they adversary had defined me a wanted me to believe that i was all of these labels in all of this stigma that i was a prostitute and a bad mother and an junkie in all these names that i had given myself over the years and then here comes father who is like nope. I'm gonna meet you right where you are. And you're just a love child of god and i can turn this huge mass. You've made of your life and help you turn it into something useful for other people. Sorry now i'm gonna try and that's exactly what he's spent the last four and a half years. This is helping to release that. Shame and i work a really rigorous twelve step recovery program in work with others and and share my story. Because i really believe that it's meant to be shared because the savior really can come in and change lives in hearts and an help with this horrible disease of addiction is taking so many of us out there. People are not surviving it and i just want to be one of those voices that says you know what you could do the same thing for all of these years and then and then find a different way and life is so different than what i ever thought it could be So very very grateful for all the recovering addicts who came before me who found the way and and stood up and shared their story with me because it was through their experiences. That was able to have the hope that okay. If they can do this. I can do this too. And so that's you know that's my story a little nutshell anyway. That's great so inspiring. i love it. I just listened to your story. Where does it begin for you. It's interesting listening to kelly story. And i'm so grateful. I have the opportunity to speak with her because her story is. Maybe what people would expect when you hear the term drug addict. Usually people ended up homeless on the streets and mine was very different from that. But i still experience the same sorrow and suffering that addiction entails so i grew up in a small town here in utah county. I lived in utah. My entire lies. My family went to church. I was raised. Lds pies the aged aids and that around twelve years old. My family had become an active in though the gospel fell out of my life. But i wasn't really aware of it. I didn't understand most of it and unfortunately my life just trying to win it in the wrong direction. At twelve years old. I was introduced to drugs and alcohol and from an early time. I liked it. It wasn't something. I used often but similar to kelly. I had anxiety depression any certain issues. That i wasn't aware of end so i turn to drugs and alcohol and by the time i was sixteen and a half. I was a heroin addict. I was addicted to heroin. I had been using pills drinking alcohol. Excessively i'm really a recovering heroin addicts an alcoholic and i was in that addiction for four years. Which isn't a long time. Compared to some people like kelly Longer but it was long enough to feel that low low place to feel like. I wasn't even deserving of living because i hated who i was. I hated what i had done. I hated the person i had become an. I was just a loss person. That went in my life when i was twenty years. Old withdrawing from heroin had completely destroyed so many aspects of my life. I didn't even know if i believed in god. And i certainly didn't want to believe in the mormon god because i was one of those people that was very against the church but i was desperate and i wanted help and i wanted to change and i didn't know how i could but i decided to attend elliott twelve step meeting sponsored by elliott family services. So i walked into this meeting in january. Two thousand eleven in desparation withdrawing from heroin feeling sick milling low feeling lost. I experienced grace. I experienced hope. I experienced the power of the priesthood and received a priesthood blessing. That completely changed my life. And i decided i was going to try god's way i didn't even know for sure if he was there i didn't know he was listening after i experienced a priesthood blessing. That was quite awful. I just decided to try. What could her in trying. On that first year there were struggles. I never relapse with heroin or drugs that i did struggle with alcohol for its time but i worked steps and i learned of the gospel. My fate grew. Every time i went through every step i did. My fake grew into something more and i began and kept out the repentance process for a long time and three months shy of being two years seen i was still in the temple with my husband and i just really experienced the transformation of the atomic of christ and i experienced it firsthand going from a person. This girl at twenty years old who who couldn't see a future without drugs. Even though i didn't want it i just couldn't understand how that was possible. I never would have thought i would be here ten years later clean and sober without one relapse talking to other people sharing my story and yeah like i said my stories a little difference. Every addiction is different but addiction can find its way into every lies in different circumstances different ways and i think is a big thing that we're dealing with right now. A lot of kids are the same as me. Even here in utah. We think we're somewhat safe because we have good communities in good families. But i was able to find heroin at a pretty young age here in a small town in utah county and that is still happening. An addiction is finding its way into people's lives and so i just wanna share that. There's hope recovery is possible and i've experienced that in just wanna share as much as possible with other people. Wow those are powerful. Even melissa says both amazing stories gave him chills. Good job we're doing. You're doing the work we're getting people crowding so yes powerful stories and a few few questions and thoughts come to mind. Is you know. Obviously nobody wakes up and says. I'll try heroin today or math and see how that goes and there's all a lot of talk of gateway drugs and things like like who what i guess people hearing that like that.
"butterfield" Discussed on Just Fly Performance Podcast
"Glad you guys are here. And one thing that i really enjoy about. The world of athletics is how we can learn things from various sports sometimes sports on the more extremes and things and then plug lessons that we can learn their back into our own practice with the athletes that we have in front of us in the case of this show today in addition to a great talks on playa metrics game play long-term athletic development. We'll be looking at the sport of skiing. Snowboarding specifically and talking about how lessons from that sport can also fit with our jump. Training metric progressions ideas on variability. And a whole lot. More our guest today are jeremy frisch and callum butterfield. Jeremy is the director of achieve performance training in clinton massachusetts guests on this show. And jeremy is my go-to guy on all things. Youth training youth performance and that process of long-term development as the training changes over time as athletes move from youth to middle school to high school to college professional. Jeremy works with athletes of all levels and he not only as a strength coach but also skin in the game as a youth sport coach so his holistic perspective is so helpful for this whole umbrella of athlete development. Callum butterfield is the high performance manager at us ski and snowboard calendar worked with access for eight years as a coach prior to his time at us. Snowboard and callan. Jeremy are working together on concepts related to long-term development of ski and snowboard athletes. So on the show. Today greenwich a little bit about this collaboration that jeremy and callan have been up to as well as tons of great info on a really complexity. At if you look to like downhill. Sports and skiing. It's it's intense. It's complex and the coordination and progressions are very substantial. And so a lot of this we relate to. How do we engage our athletes everyday athletes in front of us from a metric perspective robustness perspective a sensory and variability perspective before they get into their main training. 'bout this podcast had a lot a lot of just not only insightful and interesting and diverse material but also just a lot of practical stuff that we can really use as we think about our our own athletes development. The was a lot of fun. And i know you guys are gonna enjoy it. Let's get under the so. With jeremy fresh and cala butterfield awesome. Have you guys here today. So for i guess my open question. I don't necessarily like to get too far to backgrounds. And things like that. But i think at least some sort of background as to how you guys got together i think allen a little bit as well as a little bit of what you do would be awesome. Just so your collaboration and callan your job with ski and snowboard. Yes so. I was familiar with jeremy from work. He wrote articles and things that i had seen in other coaches kind of bumped my way on social media so in my position with. Us ski and snowboard. What i do for the national team is a couple of different things but really primarily bringing jeremy in to help us with our athletic development academies so we have clubs and academies..
"butterfield" Discussed on The High Stakes Fantasy Football Hour
"Is the definitive commissioner of fantasy football. Farrell elliott zero. I know it's not a popular opinion. But i think i've watched that we end super bowl halftime show about four times now i loved it. What about you trying to find something from the weekend that you can be happy about. Is that what it is the koran back into you know balki we we really need. We owe the listeners An apology because some people did have it right. No one had it better than your pal who plays In the f. Fcc the kfc our good friend. Bobby butterfield. I you know and i talk to people across a lot of different places in football different jobs different careers and how they consume football. Nobody had it right. Except bobby butterfield. Gave me the score. Twenty eight to thirteen tampa. So even he had Even even he had. Kansas city scored a touchdown. You know Alex was right about the rushing yards. That was the as far as the props go that was the first prop On over that. I'd ever won seven minutes into the game. Homes of busted through the nineteen yards and then I i got my punt prop right. You know after the beating that. Kansas city backers took in that game. You don't really talk much about going. 'cause she and your ticket on which team at the most punch. She just don't really talk much about that. the two big props. I hit where Will there be a sack. Before a touchdown i won that one and I score of the game to be a kansas city field goal and i feel like giving all the rest of the game turned out. I was pretty fortunate to win that one so it was a it was a solid super bowl financially. Speaking as far as Watching it it wasn't great But we press on. We move forward and as bill belichick said we are onto twenty twenty one or something like that. That's the best ball open. Yes exactly both at the f..
"butterfield" Discussed on Heartland Newsfeed Radio Network
"Fraud ways. Be stars larry four as detective. Danny over with charles calvert. Musical score was composed by alexander. Courage on conducted by wilbur hatch and the program was produced and directed by elliott lewis. Tony barrett genetic nolan. Herb butterfield gakushuin michael barrett and.
"butterfield" Discussed on C-SPAN Radio
"Gentlewoman yells, Doctor, gentlemen from Ohio, which is to reserve this time we do. The gentleman from New York is recognized Menace Speaker. How much time do we have? Police woman from New York has nine and one quarter minute. And Ohio has eight minutes. The gentleman from ill health. It's German from New York. Thank you, Mr Speaker. I know you have 30. Seconds to this thing with gentlemen from North Carolina, Mr Butterfield, the gentlemen from North Carolina's recognized for 30 seconds. Madam Speaker President Trump's incitement to violently overturn the results of a free and fair election is an attack. On our rule of law, Any president in a member of Congress who obstructs the electoral, college or text judges and the court system, where there's no evidence to support their contentions undermines the public's trust and confidence in the judicial process. How do my Republican colleagues expect ordinary citizens to respect and trust the courts in civil and criminal matters all across this country? Think about that. As you make this decision, both gentleman scientist Expired. The gentleman from New York, which is just Carolina Democrat, G. K. Butterfield, serve the gentleman from Ohio was recognized. Madam Speaker We reserved gentleman from Ohio Reserves the gentleman from New York speaker you 30 seconds of single generated from California Miserable. I lord. The gentleman from California is recognized for 30 seconds. Medicine speaker. I take no joy in voting to impeach President Trump. But this president has blood on his hands in the wake of this attempted coup. The fact remains no president of the United States is above the law. And this president has sadly violated his oath to support and defend the Constitution of the United States against all enemies, foreign and domestic. As members of Congress who have taken that same pledge. It is our duty to take this action and impeach this unfit and dangerous president. Are you on this Chinese? Expect she'll horrible, Howard, There are questions to reserve the gentlemen from Ohio, his recognized Mattis figure We reserved the gentleman from our health wishes to reserve. The gentleman from New York is recognized. And speaking out your 30 Seconds to the gentleman from California. Mr Khanna, the gentleman from California's recognized for 30 seconds..
"butterfield" Discussed on KCRW
"And I pray that God will keep his hand upon the greatest nation that the world has ever seen. Are you back? That's Congressman Diana Harshbarger, who's a Republican of Tennessee. And as she just told us newly elected herself. The gentleman from New York is recognized. Gonna speaker. How much time do we have? Police. Okay? Women from New York has done and one quarter minute And Ohio has eight minutes. A gentleman from our house, even its gentleman from New York. Thank you. Mina Speaker. I know you have 30. Seconds to this thing was gentleman from North Carolina. Mr Butterfield, The gentlemen from North Carolina's recognized for 30 seconds. Madam Speaker President Trump's incitement to violently overturn the results of a free and fair election is an attack. On our rule of law. Any president any member of Congress who obstructs the electoral, college or text judges in the court system, where there's no evidence to support their contentions undermines the public's trust and confidence in the judicial process. How did my Republican colleagues expect ordinary citizens to respect and trust the courts in civil and criminal matters all across this country? Think about that. As you make this decision vote elements. Time has expired. The gentleman from New York you just heard from G. K. Butterfield, who is a Democrat from North Carolina. German from Ohio Reserves. The gentleman from New York Speaker You're 30 Seconds of single gentle Lady from California. It's horrible. I lord. The gentlemen from California is recognized for 30 seconds. Medicine seeker. I take no joy and voting to impeach President Trump. But this president has blood on his hands. In the wake of this attempted coup. The fact remains no president of the United States is above the law, and this president has sadly violated his oath to support and defend the Constitution of the United States against all enemies. Foreign and domestic as members of Congress who have taken that same pledge. It is our duty to take this action and impeach this unfit and dangerous President. Ah, you don't want this time. It's expires. Lucille Roybal Yard. She is from California. She's a Democrat speaker. We reserved The gentleman from our Harold pushes to reserve. The gentleman from New York has recognized that the speaker now you're 30 seconds just The gentleman from California Mr Khanna. The gentlemen from California's recognized for 30 seconds. I'm voting to impeach because, as Lincoln said, no grievances, a fit object of redress by mob law, But we must recognize that our hard work begins to address the real grievances of despair and left behind communities. To be worthy of this capital that we hold sacred to fix our broken windows and broken communities. Let's finally convinced to investing trillions and creating good jobs in health care and education and infrastructure for communities in places that are hurting. The gentleman yields barrack the gentleman from New York reserves. Two gentlemen from Ohio was it was Ro Khanna of California and a Democrat wishes to reserve. The gentleman from New York is recognized. Speak right now. You have 30 seconds to the distinguished Gentle Lady from Alabama Masuo. Gentlewoman. The soul is recognized for 30.
"butterfield" Discussed on KGO 810
"From our house, even its German from New York. Thank you. Mr Speaker. I know you have 30. Seconds to distinguished gentleman from North Carolina. Mr. Butterfield, the gentlemen from North Carolina's recognized for 30 seconds. Madam Speaker President Trump's incitement to violently overturn the results of a free and fair election is an attack on our rule of law. Any president in a member of Congress who obstructs the electoral, college or text judges in the court system, where there's no evidence to support their contentions undermines the public's trust and confidence in the judicial process. How did my Republican colleagues expect ordinary citizens to respect and trust the courts in civil and criminal matters all across this country? Think about that. As you make this decision, vote elements. Time has its final challenge. Okay, but research the gentleman from Ohio is recognized. Mattis figure we reserved gentleman from Ohio Reserves. The gentleman from New York Speaker You're 30 seconds. Single, Gentle lady from California. It's horrible. I lord. The gentlemen from California is recognized for 30 seconds. Medicine seeker. I take no joy in voting to impeach President Trump. But this president has blood on his hands in the wake of this attempted coup. The fact remains no president of the United States is above the law, and this president has sadly violated his oath to support and defend the Constitution of the United States against all enemies. Foreign and domestic as members of Congress who have taken that same pledge. It is our duty to take this action and impeach this unfit and dangerous president from California.
"butterfield" Discussed on KFI AM 640
"On the 605 in PICO Rivera. This one is now out of lanes. It was on the south bound side past Pack Road that all the activities off to the side also is you travel through Chino Watch out, forestalled big rig on the 71 North found just before Butterfield Ranch Road. The right land is blocked, and traffic sent a bit heavy getting away from the 91 freeway. Now I'm looking at the five heading into cast ache. It's just a huge mess up here. We had to separate incidents one at Parker Road. With the three left lanes blocked and one just past Templin highway with the two right lanes, But it looks like the one at Templin might have re opened. It looks like we'll highway patrol removed their information from their logs. So usually that means it wrapped up now delays are still served up away from Parker Road all the way to temple in If you see only one crash out there, you can always give us an update Hound to 50 on your cell phone, keyword K a fight traffic. Hey, A pie in the sky helps get you there Faster. I'm Angel Martinez. Hey, it's Dean Sharp with your New year's to do list. You ready? Transform your homes, Water with a life source. Whole house water system, You're going to taste and feel the benefits with every drink and meal and shower and load of laundry that you do, so stop it with the bottles from the store and imagine how great it feels to have clean, delicious water coming out of every faucet in the house. No salt air filters to change. No maintenance for years. Install it. Forget about it, except for all the good stuff. Like getting rid of chlorine and other chemicals that dry out your skin and hair, reducing hard water scale on faucets, tile and appliances and all for less than the cost of your nasty.
Challenging Microsoft, Salesforce to Purchase Slack for $27 Billion
"To be a leader of a company that brings virtual teams together since the pandemic emerged. Software companies. selling. Collaboration tools have found themselves in the corporate. Sweet spot the pandemic is made formerly useful tools utterly essential without videoconferencing document sharing the light corporate productivity would ground to a halt when we all began working from home now that more and more big companies are telling employees. They can work from home forever. It appears that teamwork may never go back to the way it was before remote teams. Could well be the new normal. A world view that both software vendors and investors are banking on. That's one obvious reason behind. Last week's blockbuster deal salesforce the two hundred. Twenty billion dollar sales and marketing. Software behemoth is acquiring work chat company slack the purchase price more than twenty-seven balloon dollars. That's with a b. Ceo's of both companies spared no hyperbole in describing the potential pairing salesforce eeo mark. Benny off described it as a match made in heaven slack. Founder and ceo stewart butterfield. Said he believes. This is the most strategic combination in the history of software with the purchase salesforce could expand beyond the realm of sales and marketing and into all corners of big companies according to observers like box ceo aaron levie and slack could expand its user base something. It's apparently been struggling to do. Despite remote workers needs for better communication tools slack has one of the best brand names in the business who in the corporate world hasn't been slacked at one point or another surprisingly though the brand may be bigger than the business itself last october. The company said it had twelve million active daily users but it has an updated those numbers sense slacks sales jumped almost fifty percent in the second quarter of the year but watching as the corporate world began laying off workers butterfield warned investors that sales growth was likely to cool down. It felt a forty percent of the third quarter the new york times reported. That's all in contrast to what's happening at slacks and sale forces biggest rival. That would be microsoft. Microsoft teams competes directly with slack. Some say microsoft copied slack when it debuted teams in late. Twenty sixteen but microsoft has a built in advantage it bundles teams for free with its office suite. Microsoft three sixty five that strategy was rocket fuel for teams taking it from zero to one hundred fifteen million users in four years. According to urge reporter. Casey newton that bundling is such an obstacle for slack that the smaller company filed a complaint against microsoft with the european commission in july according to the new york times quoted in the times edward jones analysts local perk observed that the salesforce deal is an admission that slack can no longer compete against the eight hundred pound gorilla that microsoft. This is more or less saying we need more firepower. Logan told the times under butterfield's leadership slack at previously spurned other suitors including google amazon and yes microsoft itself. Sales forces pending purchase of slack is the biggest in its twenty one year history. What it represents is nothing less than the potential reordering of the silicon valley universe with this move mark. Benef- is going after enterprise sales up against microsoft directly. That's a bold move and an interesting one given that. Benny off tried unsuccessfully to sell salesforce to microsoft five years ago. What happens next should be interesting for everyone involved especially employees simply trying to be productive in stressful remote interrupt driven circumstances as the pandemic rearranges. Our work lives. It's also rearranging challenges and opportunities for makers of collaboration software. This won't be the last matchup. We'll see for companies that help us get work done together. As common collaboration software appears to be only about ten percent of us. Use it today. Box seo erin. levy says there's a huge untapped market out and so there are likely to be many many more deals like this on the horizon
Salesforce to buy Slack in $27.7 billion deal
"Speaking of acquisitions slack salesforce big deal. Twenty seven and a half billion dollars as forces gonna pay a half stock half cash deal stewart butterfield. Another big payday. He sold flickered because at yahoo. I guess it was yahoo. Soulful who for forty mil for forty mil and and some of the investors were unhappy with that. That was to the that he sold too soon. Yeah but he said He and katerina fake where they were married. Said it was a life changing amount of money. It was gonna have one chance in life to get that much money. Well he got a second chance. You know what's what's right you know. It's a life changing amount of money. Twenty seven and a half billion dollars. That's safe life changing the cap tables on these stories. You have some idea of of who's making one out of this. Well yeah they don't wanna tell people that nobody wants to look. Oh slacks public. They've got a cap table. That'll be in their proxy state. In there i don't fifteen. What is it What does that. Sec filing every year you when the
Political Ad Nauseam
"As much as campaigns want to keep spending secret federal law actually requires TV stations around the country to disclose all the political ads, the campaigns by and those TV ads account for something in the ballpark of sixty percent of campaign ads. Spending a lot of the rest is stuff like Google and facebook ads at those companies actually don't have to disclose as much information about the ads. So today we're going to focus on. TV. Spending the majority of the spending. So think of the United States as a giant game board to campaigns walk around the board they put some of their ad money down this part. Of the country a little bit more over here, and the way they put that money down tells us what places they think are most important for winning the election. If you're looking just at the state level, the bronze medal goes to Wisconsin Sixty, four, million dollars, worth of TV ads they're not surprising. Wisconsin was one of those states that trump flipped from the democratic column back in Two Thousand Sixteen Silver Medal Pennsylvania with one hundred, seven, million dollars worth of TV ads also not surprising Purple State with twenty electoral votes and in first place with one. Hundred thirty, three, million dollars America's favorite election meltdown waiting. Oh Florida, my beloved Florida. Now, this is just are beginning calculation. We're going to dig in more, but there are lessons to learn just looking at the big picture the big campaign game board. Yes. So so take Florida this is not a monolithic place. You're going to have super republican areas like the panhandle and then big democratic areas around places like Miami and you might imagine that the most. Cost effective thing is for the Republicans to completely pull out of the democratic strongholds and vice versa. But in fact, neither political party is doing that the whole state is getting bombarded with ads from both sides Daniel. Butterfield. From the Super PAC PRIORITIES USA she says it can start to turn into something like an arms race. So when you see your opponent spending money in a market, it really raises The question of should I be spending money there to to keep up area competitive and if you want to understand why political spending just keeps going up, it's at least partly because of his arms race if your opponents bins more in, Tampa you have to spend more in Tampa which in turn makes the cost of ads in. Tampa that much more expensive. Next thing you know you blue one. Hundred thirty, three, million dollars in Florida. Danielle says, the arms race thing is not just irrational fear. There's a real electoral cost to waving the white flag in a particular area. If you're in an ad market and your opponent clears out, that is great news for you. You have the airwaves to yourself. Your advertising goes a lot further in terms of impact than if you have to opponents that are. Driving opposite messages is there like a particular tipping point to that that sort of campaign folks like you gotTa. Spend the twenty percent otherwise. Like what counts as as not being drowned out. Good? Yeah. There is actually a lot of areas some data behind like what is the particular percentage that is required? It's I'd say that's probably more of a secret sauce that I wouldn't necessarily WanNa name on this podcast for you know that numbers, you're just tell me. I I. Know. Roughly what percentage I think is useful is, is it twenty three percent? You got it. But okay. So fine lots of money being spent in Florida but this is not a very specific answer to our question who is the most expensive voter we want to be more granular, which is why we got her hands on a more precise data set. Thank you advertising analytics. This data set is GonNa let zoom in on every single television market in the entire country. So for example, we know that forty million dollars has been spent in the Orlando Daytona. Beach Melbourne market. Compare that to the grand rapids, Kalamazoo Battle Creek Michigan market where it's twelve million dollars and sure there's more people in Orlando but still, how are the campaigns arriving at exactly forty million and exactly twelve million to help answer that we brought in some help Michael Beach. CEO. Crushing Media Michael Runs an advertising analytics company now, but he has worked in the past for the presidential campaigns of George W Bush John McCain Mitt Romney, and the reason we wanted to talk to Michael is his whole job. is to figure out where companies or sometimes political campaigns should place millions of dollars. Worth of ads Michael has all this fancy proprietary software. If you're an advertiser, he can tell you whether you should be focusing your ads on like Republicans, with Minivans are Democrats ride motorcycles or neither. He's got all these different attributes in his computer thousands of attributes for. Anything from certain partisanship to likelihood to buy a Ford truck into those do those specific categories correlate. Yes and no it like it's pretty geographic if you're looking at northeast, Ohio or you're you know. You're in Alabama in the Senate race. that. Wouldn't be a probably a good signal. Reich is like. As owner everyone drive structure. Now, the reason we went to Michael is because we thought it might be interesting to look at how many dollars were being spent on any given swing voter swing voters in theory are people who might be influenced by a political ad. The problem is it is very hard to pin down exactly how many of these people are out there but Michael Software can at least take a stab at it what is GonNa do is go through all these data sets to first identify how many likely voters there are in a particular TV market and then identify which of those has even the tiniest probability of changing their vote and a lot of this calculation is just sifting out the diehards. If you are somebody who voted in the last five, Democratic primaries were every year you donate to the R. N. C. You are out. But maybe your party affiliation switched a couple of times. Maybe you're a first time voter that may put you in this bucket the basically using generic party model and generic it's party not not candidate. Driven in other words, we're estimating voters chances to swing between Democrat and Republican as opposed to trump and biden specifically. But there's still does give us a way to compare across TV markets and when you re ranked the country based on dollars spent per swing voter the markets are not in Florida. In fact, the top five ad markets are all in Pennsylvania and number one on that list where campaigns are spending around ninety dollars per likely swing voter. Is My home television market the region in western Pennsylvania in and around Erie Pennsylvania. Okay. So Kenny you grew up there like what is it? What is the what are we talking about just to be clear I grew up in Meadville which is south of Erie, but it's in the market and like yeah, this is a region with a lot of manufacturing jobs these jobs have been leaving. It's predominantly white its having the. Same kind of brain drain problem that a lot of the other parts of the so-called rust belt are having. But look like I don't know anything about who a potential swing voter would be in the Erie television market. This is why we have Michael's fancy software. It can help us understand who that is. What can we know about the Eerie Market area? How does it compare to the rest of the country? Like who's there? It opened up my magic machine here. Michael Punches Eerie plugs in a few numbers so it's running. Then he opens up a tab that lets us compare the Erie population as a whole to just the likely swing voters. So now I look at in. Eerie. For instance, the average adult is fifty three years old if you just take the whole population in the market. Target, audience if you said. swing likely to turn out is forty seven other words. Michael's machine is telling us that the average swing voter is is six years younger than the average, their forty, seven years old, and the other incredible thing about Michael's machine is that it's also able to spit out this whole media plan for how to reach those people. The machine can name the single TV show watched by the most swing voters. Each week that show in the Eerie area is the OT on Fox football shows or wrap up of the day's games. That'd be fair. that is one of the most watched shows in the entire country. But the numbers do show that in terms of efficiency like sports would be a pretty good way to get your ad in front of a decent chunk of swing voters in Erie Pennsylvania Espn you can reach sixty percent on eerie and a week. Again, this target in this market if the secret to understanding what the campaigns are thinking is to learn where the most money is being spent per swing voter. That place
Slack's stock plunges as it struggles to boost revenue growth
"Not all work from home plays are equal and slack proved that exactly just beating expectations on the top and bottom lines shares are plummeting in the after hours slacks numbers they just aren't as impressive when you put them next to other remote darlings, zoom video, which saw revenue sore more than three hundred and fifty percent year-over-year slack has seen revenue grow at a steady fifty percent for the last three quarters even the pandemic billings growth, the metric that investors were focused on that also. Came up short now we have the chance out co Stewart Butterfield and CFO Alan Chimp. Why and they said that the macro environment is still uncertain. Butterfield says that the impact of the economy and employment picture hit the business in a more pronounced way in the second quarter though they are seeing signs of stabilization and improvement. Another ever present concern guises competition CFO Shins said slack did not see year-over-year chain. It's win rate against Microsoft teams in the quarter, and we know how fierce battles with tonight's plunge in share price slack remains the. Warming work from home play back to you Melissa
Tiny Weddings work during COVID-19
"Couples whose nuptials were put on hold by covert nineteen are turning to a fresh trend in the bridal industry micro weddings couples who don't want to wait until the pandemic is over might want to listen to bride Ashley Butterfield we found out about the tiny weddings actually through a Google search in a panic of our December wedding has been canceled what do we do so they decided on a tiny wedding package offered by a farm in dexter Michigan there were family members that definitely wanted to be here and didn't understand when we say tiny wedding we mean a tiny wedding the price tag at two thousand dollars was also tiny compared to what the wedding planning site but not dot com says is the average price of a pre pandemic wedding one hundred and thirty four thousand dollars actually after
Pigeonly Uses Technology to Help Inmates Stay in Touch with Family and Friends
"Butterfield I think as many people know is the founder and CEO of slack, which has just really become an integral part of many of our lives and has seen record growth. We're GONNA. Talk about that on the show. I want to introduce also Frederick Hudson the CEO and founder of Pigeon Louis Frederick you can correct me if I've got this wrong. But last I heard you had evaluation of about five million dollars, twenty employees twenty, million twenty million so I I missed around. I guess missed around. And essentially what pigeon Lee does enable easier communication with inmates who are incarcerated across the United States. For, family members with incarcerated loved ones so connecting people. who mostly live in an analog world with all of us who live in a digital world? Frederick one of the things that caught my attention about pigeon. Louis was that. There's a lot of predatory pricing essentially to make a phone call like a fifteen minute phone call could cost almost twenty dollars like a dollar a minute, and that was one of the animating things here. There's like a market imbalance. It's ripe for Innovation Yeah. Yeah, and that's one of the things that you know. We set out to fix his. In a lot of cases, because this is one of the few industries that that. Operate on the system that allows kickbacks. And, that's how contracts get awarded. It creates a very predatory situation that ultimately the friends and families of whoever's incarcerated. They bear that cost, so it's not even the person who was in prison. That's bearing his burden is to family friends, and that support not going outside there really are. Holding up this you know forty fifty billion dollar industry, so one of the goals of this show is to be very granular and to dive into issues and try to workshop them and see what kind of insights we can gain. That are applicable both to your specific business, but are also useful for all of our listeners out there and Stuart, slack cells to. To everybody big companies small companies, but you have had really good success working with government agencies in the State Department for instance I would love to learn a little bit about. How do you sell to us such a specific channel like a government? What kind of insights have you developed? There's definitely problems with government generally, but I think we have this Era Mentality across the country that you know. Six scariest words are I'm from the government and I'm here to help most of the men and women that I have met who work in in the federal government well-intentioned trying their best, it's. Just. Every federal government plays a saint or anything like that. But I think it's not well understood and we kind of the attitude that we have. which is largely? Dismissive large, throwing up your hands, and what can you do? kind of pessimistic about the possible outcomes helps determine a set of negative outcomes and I think helps entrench. The. Problems that we would most like to see progress on economic inequality criminal justice reform that can go down the list. But as long as we treat kind of government as the as the enemy I think we're going to. Have a hard time solving. Problems that require government help. Frederick. What are you seeing in your business? What is it like working with the government? Yeah, Stuart, raise some good points I think we. My first trip to DC was last year some around last year. This was my first trip going with our lobbyists and meeting with different members of Congress and different congressional offices, and my eyes was opened. To basically what you're just saying that you know there's there's the individuals a lot of these individual offices. They definitely are really trying to do the best. They can and really trying to positive difference and one support initiatives. That they believe is going to make a difference, but there's just so much red tape the so much bureaucracy. There's so many things there's so many layers in order to get something to happen and you know I. I actually started to get an understanding of the inner workings of government. And I saw less as his big beasts and I started to see it more as individuals that actually got to know throughout time.
Chicago - Drying Out After Rain Floods Out Lower Wacker
"Well if the fog is still out there this morning and we seen visibility actually dropping in some places this morning at midway airport down to a quarter of a mile and some light rain out there being reported in places as well that's gonna continue for much of the day today with a high near sixty four a cooler at the lake front then mostly cloudy tonight low down to fifty three tomorrow partly sunny high near sixty five the extended forecast calls for some sunshine coming back tomorrow Thursday into Friday and Saturday and maybe eighties for the beginning of the end of the weekend at the beginning of next week right now in Chicago we have mostly cloudy skies fifty four degrees some light rain you know heron fog fifty four at midway in Aurora it's fifty five and out the lake front it's fifty one and that's too bad on the roadways this time despite the fog and the rain lower Wacker still closed between Harrison and rand off because of all the rain from the last couple days that flooding in the sub basement of the Willis tower it's going to take awhile to clean up may be closed until Saturday the interchange in eighteen ninety four the Indiana toll is still closed until tonight with that continuing roadwork and in Glen Ellyn route fifty three between Butterfield and park still flooded along with the east on I. eighty exit ramp to Chicago and Chicago street between Patterson and Doris that's in the jelly at
Slack onboards more than 2 million users in one week
"Before the pandemic slack was a pretty widely used office messaging platform but in a single week starting March tenth slack on boarded more than two million new users. Among those working remotely are stewards. Twenty one hundred employees who work in offices in ten countries around the world. I spoke with Stewart from his home in the bay area. Where he's been wondering. What is the future of Work and slack? Look like thank you for being your. How are you doing by the way I'm doing? Okay I mean I I I'd feel grateful that we have a backyard that we have two little dogs. That's something on the other end. We have twenty one. Hundred plays around the world in a distribution of of how people are doing right now. People are okay. Many people are stressed and anxious. fears about economic fallout about health of their friends and family and their communities. Some people go a little bonkers trying to work while been the schoolteacher to their six year old a daycare to their three year old and the kids are obviously gone. Crazy people who are cooked up in a small apartment but kind of by themselves And then of course. There's the broader world which is much more mixed. You guys basically shut down your offices in San Francisco on March sixth. How did you make that decision so early? There's other a lot of people talking about it and there is this really you know day by day. Or even in some cases going hour by hour Cumulation of events of things getting cancelled debating whether to cancel our global sales offsite at which we get about eight hundred people together. This year was going to be in in Phoenix and we have guests wide end and that was the next week. I think we need to cancel that with within four days I was in frequent communication with a couple of my my peers other software companies and in the bay area mostly and we are starting to talk about it and I think I realized that it was going to inevitably happen. And maybe we could defer by out week or something like that but the point deferring by week and if one of the incentives here is not just. The health and safety are employs Kind of being good citizens and can stewards. Since we're able to do it. We should do it as quickly as and then. I think you had an employee who was contacted by the CDC that they might have come into contact with. Somebody tested positive. And I'm assuming that that also kind of prompted the decision to just tell everyone at work at home. Yes so actually. I mean on March fifth Thursday. So that was. Our board meeting hadn't really contemplated later that day. We got notified by this employees that the CC notified them that they had been potentially exposed and since they had been back in the office the exposure. We decided we're close. The office on Friday March. Sixth over the weekend a deep clean you know people come in with. I think we have. Eli in a bunch of stuff but by Friday afternoon You know the humidity evidence made it clear that we were going to have to decide to check out completely so we never after Thursday we go back in the office and it turned out that was the last in most people stewart. We've had a lot of business leaders on the show like restaurant. Owners and prominent founders and for the most part their businesses are in trouble particularly the airlines and the restaurant industry For for slack. It's been the reverse I mean after it. It kind of became clear that so many of us were gonNA work from home. Demand for slack just skyrocketed has the demand slowed down a little bit right now. We're we've now entered the quiet period leading up to our earnings call in the early stages of this yes we saw huge increase in the number of new teams being created which kind of people signing up for slack in the first place converting to aid status of the customers who already paid adding more users. The people who are already using it increasing their usage the number of messages they sent per day kind of like every metric Up and I would expect the the the good part I think of having that surge early on is it was great for employs. You know is great for morale to feel like you could help Mostly optimistic about human beings and In Times of crisis like this I think people had really strong instinct. And if there's a place for you to put that energy it's not just productive ineffective. It's also kind of spiritually calming less. If you're if you feel like you're being help so I think really grateful for that. Also we've just invested so much over the last five years in a disciplined culture around communication partly because of the use of our own product and partly just because you realize how important was this transition was relatively easy because we already invested so much in a style of working in ways reporting progress and keeping updated coordinated. People had an office and they had childcare when they felt like addict. What are the cafe and sit outside. Actually people go by and stuff like that. This is different now. There's no child art grandparents can't come and help you know there's there's one part of this that's a that's a little bit. Probably people spending a lot more time with their families. So it's it's really it's an interesting position because we just don't have a crystal ball. None of us do our position. Is this We cannot tell because we just don't We honestly don't.
Jason Lemkin Clip: Why now is the best time to start a SaaS company
"A few weeks ago I had the opportunity to chat with former founder. Active venture capitalists and driving force behind. Sastre Jason Lincoln. Jason Zoster a community for Sassan cloud founders also organized the annual Sastre Conference in San Jose. That now attracts five figures. Were the folks each year. We spoke with Jason before the novel. Corona virus had evaded containment efforts affecting domestic markets after upending their counterparts abroad the current community since dacians forced Jason Deport. Sastre back a bit. But that doesn't mean that our chat with him any less timely in our forty five minute conversation we covered a ton of stuff from the potential for cloud slow down to how founders should use or not use venture debt to Jason's outlook on SAS consolidation. And even half asked. He's writing checks today. We're sharing one of our favorite clips here. The rest is over on techcrunch for excellence subscribers we're GONNA get into VC's lately that have been talking about the beginning of cloud. Slow down and I I. This is a very specific thing. What they mean is cloud is no longer an upstart phenomenon. Saas LONGER NASCENT. We've now seen a large percentage of the inner voice software world move over to SAS and nine means that the growth rate will descend as the actual aggregate basis larger and critically. They think that this might lead to income and squeezing out startups from certain spaces in the Saas market. That might have been attractive before. And this is from Alex over at scale venture partners recently and I thought it was interesting hypothesis. I don't see why wouldn't be correct. But I want to get your take on. I know your cloud optimist. You've always been a believer in my experience. So when you think about the maturing of this ass market does that leave less space for starts in as you look at the the overall landscape. Well let's see. I think there are two different points. I have two different perspectives. If you look at data from Gartner which is imperfect. But at least we haven't you. Can you can say that. Maybe thirty percent of old school on Prem type software has gone to SAS thirty percent so the pollen of user seventy percent left but the flipside is. That's a lot of market penetration right. It actually starts approach forty fifty percent. You should see a slowdown this secular trend into SAS. When when even when you started doing sas certainly when I started doing it was risky. It was quirky. It was weird. It was it disliked. It was it was not trust about two thousand sixteen through about Twenty Sixteen. Maybe even a little later at the first astronaut. Aaron Levy came one week after the box roadshow and asked him what the public markets. He said they're starting to learn about it. They're starting to get comfortable in two thousand fifteen. That's that's only twenty five years ago so we are so that thirty percent was probably eight percent right and so there is so there's so so there's a the good news is seventy percent left. The the risk is like you know there's only so much of this crazy growth and another thing happened. Which if you look at any Gartner or whatever this and this no one anticipated more of. It went we all knew there would be a substitution that of however you define it a trillion three and there's different metrics how much infrastructure include. We all knew that like the old the old on Prem Safra would go to sas we didn't realize that it would. It would take up thirty to forty percent more of those. It budget so they used to so we got an extra boost. People are spending more on software. No no one from scale no one from anybody realized we would spend more on business software because of SAS but has physical limits. It budgets are only be so much of global two thousand budget so these Amazing Trans created many many Saas companies. Doing a billionaire are billionaire are but but they're gonNA hit headwinds there. There's no question those headwinds that's different from whether that's going to box out startups. By the first half of the apotheosis there is going to be a slow down as we just forty fifty percents over the next five years. Yes there has to be and as we stop putting more and more of our fixed. It budget into SAS. These are two great trends and they will reach saturation. Got It okay. Now on certain point and and being boxed out using more skeptic I think this is the best time to start a startup time. Tell me why because all the SAS leaders are billion. Two BILLION COMING UP ON A billionaire. Zenda shop is the hub spots. They don't have taught they don't have time so if you're a billionaire and they're all growing like a weed growing thirty forty percents shop advice. Going fifty percents off. But they're all growing. They're all growing with a few exceptions. They're all growing north of twenty percent. All the leaders true. So let's imagine you're in a building air which now they're like twenty of these companies. How much do you have to add this year? Two hundred even three hundred. Maybe a lot you're thinking about non-organic time to compete with your little startup. That was just on tech crunch. You know ten years ago. Five Years Twenty fifteen. When when Aaron came from box Aaron would see a startup. Doing five millionaire. Get a little worried. I mean not literally worried but they. Hey this may disrupt me. Is that right Stewart. Butterfield doesn't have time he's GonNa read it. He's all over social media. He's an incredible founder but slack doesn't have time going to a billionaire to worry about someone that did five million has got to worry about. Microsoft has gotta worry big guy so that means you have a lot of air cover to get not just to a million before your competed with by maybe one hundred million owes underneath the. We'll just ignore you because they have to focus they have to hold it and adobe turning around now and everyone from fig on down is competing aggressively with them. But why because they're stupid of course not? They're very smart. Sap there they were busy. It's too small. It was too small right and there's too much growth in creative cloud creative cloud fuel the dobies text market cap growth. So they just. It's not that they don't watch what's happening with web flow and figment everyone. It's just too small until it's nine figures in revenue because figure has become materialists. I don't know how they're all super successful and it's not because anyone was dumb. It's just because you can't compete when they were small you just can't. You're too big. You're they've grown too quickly so it sounds like instead of this problem. It's actually there's there's more freedom because become now too busy to kind of mess with you get up to ten fifteen twenty million a are before they even begin the guns on your ship and because cloud got so big. These niches got big. Every niche. That used to be a millionaire NECC- now can be one hundred million Monday dot Com. Where you're talking about who we needed another project. Management for Non Tech folks that went from one hundred twenty million in four years. But that's a that's a piece like ten years ago. That would be a two million dollar business going to two hundred million so let's whole years one hundred times bigger. This little niche that Monday found and they're going to do a billionaire art. So let's talk about Vertical Saas. Jump ahead my question because this is what I wanted to get. Borough Ready It seems like you're thinking about Vertical Saas than isn't that this is GonNa be constricting idea but inside these these these takes on like the dentist industry or whatever and building software for those could be enormous because the niches have gotten larger to your points. I presume your a bowl on vertical sats. I've always been a ball. I would say even more simply. Look at any company to billionaire. Look at his desk job. Okay which is already two billion. That means they're gonNA keep growing. That means they're going to get to five or ten billion. My rough math is there's another billion vertical version of that so there's another billionaire could be more and that means there could be ten UNICORNS. One hundred million ten verticalised desks right And doesn't even have time to meet with them right. I Investment Company gorgeous which is like a vendetta ECOMMERCE. They're almost all on shop. Affi- it's very niche right. They're gonNA be growing three. X Ten million error. Is that tune it? People thought this company was to NICCI twelve. Apparently it's not nine. Three hundred percent honest has an offering it as a great product but all they do is make sure your fulfillment from instagram to shipping. That your contact center works magically. Which is good enough. Note is enough. It is enough to build a three hundred million Arab business. But it's just a niche today. That's so big because cloud is look how shoplifting. Today seventy million dollars in two thousand fifteen it was worth eight hundred million so these niches have grown astronomically and that means these vertical SAS things. We've like gorgeous and others. You turn around. And how could we do be a unicorn? Well it wasn't four or five years ago right when I met I met the founders only twice twenty fifteen. They were great but it wasn't clear it could be as big today but cloud. Gubbay point about Zen desk in there being room for ten unicorns underneath the desk at one hundred air. The implications vertical sights will still generally smaller companies than the original broader. Sass play so to me even smaller than salesforce. That's an example I don't Viva is a Pharma. Sierra Viva is the most successful verticals ass company so the CTO salesforce left salesforce a decade ago founded VIVA. It only raised three million dollars from emergence plus. It's now worth twenty billion dollars. Today he was also in my class. Like everyone did better than me in my bye-bye on the show but you should just get out. We should bring Peter Gassner. He's like a hundred times would have been me and vivas was twenty something billion and then how to products and he. He said look sales versus a great horizontal play I WanNa do Pharma and there. There is a legacy vendor in the space and it's big. It's a big space and all their deals are seven figure eight figure deals. But it's still. It's still a thirty billion dollar company and salesforce is one hundred fifty billion so I can't think of a vertical SAS that is bigger than its horizontal play but it may well it may well exist but thirty billion still outcomes. You're at three million dollar investment. Even if they are smaller by definition you know there's going to be enormous your general point about the client it's up it's becoming growing the high antigone larger piece of the overall. Everyone seems to be very hot. Verticals ask these days. So that's why I wanted to ask because they like it because the cloud got bigger and because competition is simpler the amount of domain expertise you have to do to build a viva is. It's rich compounds on itself and there aren't going to be twenty startups out of y Si. They're going to build that. But but and so there are these verticals because finally they realized they can be three hundred air business and then they can actually millionaire and they realized look it actually works. I can like I. Invested in in a SAS company just for environmental compliance called map history right. They disclosed their first. One million dollar deal okay. They have like no competition not in the whole space but in what they do they can have a few bumps and they can get through it. They have time they have times. There's not ten other players in the exact same thing. We've guys may disagree. But they had like one or two competitors and their original competitor was I think. Ms Dos based in offices. So you have time and so like this because you just. You're you're overwhelmed with the competition. You're overwhelmed with everyone. Wanted to take on snowflake and data dog and and there are many great apm companies. But it's exhausting. How do you know what's the next day doc?
Vimalakirti Sutra 2020 - Talk 8
"Hi. Everybody am here in my house recording. Because I wanted to have a complete set of my own recordings on the Villa Sutra. I was gone the last several weeks of the seminar and Jeff. Bicknell took over for me and his recordings are available. But I wanted to have a set of my own as well so I'm GonNa Talk And share about chapters ten through the end of the Sutra. And I'm going to start here with chapter ten. The FEAST BROUGHT BY EMANATED INCARNATION. And this begins right after this silence of insecurity when he is the last to respond to the meaning of. Non Duality response by keeping silence. And so after that profound response Shari Putra at the beginning of this chapter says. I'm worried about all these buddy sought because it's noon almost and when are they going to eat and and Bill Acuity says to Shari. Put your boy. We're talking about these ultimate thing. So why are you worried about eating? Anyway I'm going to show you now an amazing meal far beyond anything you've ever seen so he enters into a concentration and enables. The disciples gathered at his house to see a universe called. Sarah Gonda Uganda. Which is located. Man has many butterfield's beyond where they are as there are sans in the forty two Ganges rivers so if there were forty two Ganges and each one had innumerable sand. That's how far away this universe is and that's how many Buddha fields are in this universe and they're the Taga named Sugandha Kuta resides and lives in that universe. It is so lofty and the aspiration is so high that nobody even heard of a disciple or a show project. Buddha Solitary Buddha there are no lesser pass only ultimate Mahayana Path exists there and in that universe all the houses all the avenues. All the parks. All the palaces are made a fragrance. They're made of perfumes and the food eaten by those bodies office is perfume. And they're they are now sitting down to eat their perfume fragrance. Food and the body side of his disciples Curtis House can see them doing this. So says to the gathering Would you like to go there and partake of that food but Mon- JUDICIARY Creates Supernatural Power to rob them of any desire to go there to eat food so nobody says they? WanNa go so then. We'll acuity without rising from his couch magically emanates an incarnation buddy southbound sort of magical being a golden colored adorned with US officials signs and marks shining throughout the assembly and. He says to that incarnation. But he's got to go in the direction of Zenith where that world is and whether all those Buddha fields and when you get there find the Buddha there ciganda Kuta he'll be eating and bought him and tell him that asks after his health and that has a request. Would you mind giving us whatever's leftover from your meal so that we can feed it to the people here in this world? So the incarnation body. Sophos says okay. I'll do it. And he looks up and immediately disappears and appears in other universe and makes the requests and the buddy sauces there. He e the request is specifically as we want this food to inspire people with lesser aspirations in the world to have greater aspirations and so all the buddies say well what what does that mean less lesser aspirations. We can't even imagine any less her aspirations and then the Buddha there ciganda Kuta says to them well. They have lesser aspirations because they live in a more corrupt world than ours. Our world is so pure. Of course we have high aspirations but there there's corruption there so they need. They're struggling to get out of the difficulty of their world so their aspirations initially are quite low but vimla courtesy. Listen that world. Nevertheless he has these inconceivable aspirations and he's wants to inspire the body Saunas so the buddy scientists say wow he must be something that if he can create a magical creature like this and live in that world and so the Buddha there said yes he is great and and he really is working for all living beings in all fields so he granted the request. He poured some of his food impregnated with all the perfumes into a fragrant vessel. And he gave it to the incarnation buddy saga and and at that time. Ninety Million Buddy Saunas in that beautiful universe said we'll go along to when he delivers the food. We would like to go to. Let's let's let us go so that we can honor the Buddha shock your money in that Saha World and honor this great visual acuity and see the Buddy Saad there so and the target That other Buddha out of the realm sugandha Kuta says well. If you think that that's a good idea go ahead. But less those living beings become matt an intoxicated. Go without your perfumes and less those living beings of the world become jealous of you. Change your body's and hide your beauty and don't think of any ideas of contempt and aversion for that very imperfect universe. Why Noble Sons? Buddha field is a field of pure space but the Lord Buddha Lord Buddhists in order to develop living beings. Do not reveal all at once the pure realm of the Buddha. So He's giving instructions to these super purified beings how to behave themselves in this less than purified world so they disappeared from there and Boof Pity reappeared in house and since they were ninety million of them it caused them to produce. Ninety million. More lion thrones like the ones he had produced before and they all sat down. So then the incarnation buddy sought for gave the vessel full of food to them acuity and the fragrance from that food permeated the entire city of I- solly and further beyond that to one hundred universes but within the city of the brand's householders and even chubby chieftain Chandra Chandra Chandra Chandra noticing the fragrance. We're amazed and filled with wonder and cleansed in body and mind and came all at once to the House of Milwaukee along with all eighty four thousand of the population of the Chubby territories. And they all bowed. And they were all amazed then Acuity said to Shari Putra in. The great disciples their reverence. Eat of the food of the data. It is Ambrosia perfumed by the great compassion. That's the source of its beautiful fragrance. The great compassion. But do not fix your minds in narrow minded attitudes dualistic grasping attitudes. Because if you do you will not be able to receive this gift. So then they said but how can such a huge assembly here eat such a small quantity of food? And of course he said you know. There's nothing to worry about. Their this food will be plenty for everybody and of course the eight and there was plenty for everybody so then As always they had a bite to eat and they got to talking about Dharma and Maliki said to the office who came from none other room. How does the Taga Sugandha Kuta who lives in your realm? How does he teach Dharma and they said well? He doesn't teach by means of sound and language he teaches by means only a perfume at the foot of each perfume. Tree Sits Buddy Safa and the tree. The tree emits perfumes. Just like the perfume this food and they smell the perfume and they attain the concentration called source of all Buddy Siva virtues and then they attain all virtuous. That's how he does it
Live From The HIBT Summit: Stewart Butterfield
"Hey everyone so today. We've got another one of my conversations from the how I built this summit. That happened in San Francisco last October. And you don't in the world of startups. Most difficult moves to pull off is a pivot to maneuver out of your first idea into something that might have more potential and Stewart Butterfield. He pulled this off not once but twice about seventy years ago. Out of the ashes of failed video game. Stewart launched slack an office collaboration tool that now has twelve million daily users but before slack back in two thousand four Stewart was struggling to get traction Shen with another video game called game never ending. He wound up shedding that one down too but out of that failure he was able to launch a photo sharing site called liquor which he sold just a year later for around twenty million dollars so when I sat down with Stewart onstage. I asked him about both of those pivots. Starting starting with the first one from game. Never ending to flicker there was a point and you talked about this in the podcast where you had to decide whether to drop all this work on this computer game like more than a year. I think two years of work on this game and pivot to the photo sharing site and there was a debate in internal debate. I wonder how did you know that that was the right thing to do. Because our instinct would tell us to push forward Gordon to keep going right like. That's what we think we're supposed to do to just carry on and March forward. Yeah there's a lot of advice that's just persevere grit grit resilience gotta keep going in the face of adversity over and over but there is definitely a point where you either you know. It can't work or kind of like the reverse verse manifesting of I don't believe anymore this could work. which makes it very unlikely? If if the person leading the project doesn't believe it can work. It's it will be a weird fluke for it actually to work out but we were just out of money and it would have been much more difficult complex project. Complete Games would have taken us a minimum of another year but probably realistic closer to two more years. And we didn't have that kind of time. Whereas flicker we figured we can get version of this out in A couple of months and it actually was. I don't remember the exact dates anymore but some time in December two thousand and two that we decided to do it and early February two thousand three launched. So you guys ended up selling flicker to Yahoo and you described yourself as briefly Internet famous. You you actually were on the cover of Newsweek magazine with with some of the people at one point which. I'm assuming Gotcha some attention to allow you to kind of think about the next project kicked you decide to go back and start another company. That was going to be a computer game called glitch. What was driving you then I I mean did you think okay? Now I've failed failed the first time now. I know how to do it right. We can talk about the reasons that we used to convince ourselves that it would work this time. There was actually a lot of realistic realistic stuff. There the cost of hardware so servers in the background had fallen by at least ninety percent and bunch of things change by a factor of ten the number of people online line change by a factor of ten the availability of great open source software tools but stepping back when I got in line in Nineteen Ninety two and I grew up in Victoria British Columbia. which is a pretty small town actually provincial? It's on the edge of the continent and then it's on an island so it feels very remote and cut off from the rest of the world world to kind of an an observer and when I got to college I got an account on the school's unique machine and that meant I had access to the Internet and this is maybe six or nine months before the web really started to take off so the Internet at that time was a thing called newsgroup which is hierarchical directory of kind. Hi discussion boards for more or less everything in the world's hugely popular in the scientific community and academic communities but also recreational in fact kind of mind blowing looming but wreck dot music dot g dead. The grateful dead Newsgroup was the most popular thing on the entire Internet is like in terms of traffic it was the net flicks of its day. Just like the text postings going back and forth and I just really remember that as being one of the most revelatory mind-blowing experiences in my life that even though we were on the edge of the world at felt like and kind of really outside of everything that was really happening. I can connect anyone and that kind of the possibilities for computer technology to facilitate human interaction to me are endlessly fascinating and I think when we you look back. Tens of thousands of years to this time it will seem as significant as the development of written language because it just allows this accretive knowledge allows allows the accessibility allows US instant communication coordination between people. And we're still like one percent of the way into exploring the possibilities. So I mean with with glitch right. This is a beautiful game. Raise money around it. You had great developers. You convince people to move across the country work on this what happened. It just didn't so in this case we had the money in fact acme of money leftover when we decided to shut it down but it was apparent that it wouldn't work and I think this is a if there's one thing that's an actual like practical lesson for entrepreneurs in in all of this history besides the sometimes pivots work it's It's hard if it's really really hard to explain your at an enormous disadvantage wjr. And so what does the way games are marketed. Generally as there's kind of two by two Matrix and in one access it's the kind of veneer. Looks like the World War. Two or post apocalyptic sci fi or it looks like Bennigan's and dragons or it looks like Pika chew or something like that like cutesy cartoon. There's that the flavor of it and then there's the the the mechanics of the game first person shooter real time strategy and puzzle games and stuff like that and games are marketed is. It's like their position on this grid so it's a World War Two first person shooter. Game an instantly people can see like at least I understand what that is and maybe I'm interested in. Maybe I'm not. We tried to sell the world a massively multiplayer game with no combat cooperative. It was kind of Monty Python meets Dr Dr seuss surreal absurd literally. This is the game with you. Would milk butterflies collect milk. You would squeeze eggs. Squeezed chickens to get eggs anyway was very How did you raise? Money are around that I think the fact that we had been successful before but is also right at this interesting juncture where it was around round the year that android came out around the year that iphones actually started to take off and suddenly. There's this massive shift in people's discretionary Internet time from desktop and laptop stopping heaters to mobile's we had made a bat on Flash AS TECHNOLOGY FOR DELIVERING The game which wasn't going to work on mobile's and in the end that that really was the nail in the coffin. If it hadn't been for that I think it would have been worth trying a little bit more but I was committed in everyday came in with optimism and that was sure that this next thing that we were going to try it was going to work and then we did it and it didn't work but by the end I think the kind of technological dead end we had find or sounds going down the fact that it was desktop only a world that was going increasingly mobile the fact that it was already so hard to explain made it really tough. Despite the fact that there it was a super committed very enthusiastic audience I just lost faith and I realized then like once I had done that it was now.