38 Burst results for "Coca"
The Bitboy Crypto Podcast
A highlight from XRP & TOP ALTCOINS BREAKOUT! (COSMOS Set To Explode?)
"To get in I would it's a very finite space and then you're in the overflow yep it's not easy getting that spot up front you have to work hard for it so 2 a .m. all right well so what is my testimony gonna do is it gonna hurt me is it gonna help me well some say might land me a higher sentence gulp that's not what I wanted to read so face a potentially higher present sentence after taking the stand I was in court last week to present testimony on the collapse of his once 40 billion dollar empire I don't know why I was still wearing the headphones don't ask me I'm Sam I didn't see it in my hair you know what Sam's gonna be able to get a lot of government -sponsored cucumbers all kind of metrics someone said this is to charge me what is how would I plug it in I don't get that man yeah I'll be singing all right alto all right let's see Twitter now let's talk a little Twitter here Twitter it's now worth almost 19 billion dollars that was kind of a bad deal he got right it was 44 billion dollars and then he's like you know Dorsey and the previous co I forget the the previous CEO but no they handed him a piece of paper and on this paper is all the Twitter numbers and it's all accurate and Elon Musk looked at it and his team looked at it said okay well this says you know it's probably worth about 44 billion and a tomb Elon signs it with the cucumber signs it and then they're like all right well this number says you know this is how many active users we have and you're like oh that number was wrong okay well let me see how many bots we say we have okay well that number was right way way wrong okay well this is how many humans actually use our platform right this it has to be an accurate number oh well that was way under two and so he could have fought it it looked like he was gonna have to buy it anyways but that was fraud yeah what the Twitter team did to Elon Musk that was 100 % fraud they lied to him they knew they were lies you read in the Twitter files they knew all these numbers were fake the reason they lied about the numbers sounded better to advertisers it's a lot better saying you have a hundred people using your platform versus saying we have 20 humans and 80 robots using our platform then coca -cola Toyota whatever is gonna say well maybe I don't pay that much for that ad if it ain't a hundred humans I didn't know there's only 20 humans and 80 fake people that's what they were doing it was all a facade well now now the value is around 19 billion so I wonder what hey thank you altcoin daily I went for the the Aaron this is the Aaron not the Austin yeah Aaron has more hair and so this is the Aaron I'm guessing that was Aaron Austin would tell me to get a haircut so Twitter now worth 19 billion dollars how does it feel to lose 23 billion dollars Elon Musk he probably paid 23 billion dollars knowing he was just buying a crime scene overpaying for a crime scene some say he bought it to read his ex -girlfriend's DMS I don't know what the real answer is I'm not saying that of course I would never say that I mean the value I think really is in the the access you know the access that the infrastructure and access that Twitter provides the user base yeah yeah user base but but then also the access of like actually opening up this this control of media that we see pervasively across the world right now and especially in the u .s.
Bloomberg Surveillance
Fresh update on "coca" discussed on Bloomberg Surveillance
"Did raise its full year forecast citing strong results over the Thanksgiving week and progress on its strategic growth plan so the retailer now expects a full year comparable sales decline of about eight and a half percent to nine percent that does compare with a prior forecast for decrease of as much as ten percent so those comparable store sales which we know is a key retail metric did fall eight percent for the prior quarter but that was better than Wall Street was anticipating so looking at that stock it had been down 37 percent through close but looking at that jump today of course another retailer reporting Dollar Tree DLTR slipping nearly one percent it did report comparable sales for the third quarter that did miss the consensus estimate due to weaker than expected performance at its family dollar unit Dollar Tree also did cut its annual comparable sales forecast for family dollar and slightly lowered the division's net sales guidance of course discount store five below ticker simple five it does report results after the closing bell that's another beneficiary of a deal seeking shoppers so it is set to post a 13 percent rise in sales when it does report results later today paul that stock does have a market cap around 10 billion dollars all right jessica and thank you so much we appreciate that so is our entire report now i have others i cannot let it work i wanted to i was just giving paul a chance to to jump in over us since now labor remote more just more right well i wanted to bring up another retailer so let's take a look at pecco the ticker symbol on this is wolf w o o f it's down 17 percent so it did report third quarter adjusted loss per share that did miss estimates there so it's another retailer that is under pressure ahead of the opening bell and of course octa ticker civil ok ta dropping one and a half percent the application software company did find that hackers also that had breached its network stole information on all of its users do you have a beast at home because i look at petco oh if i do you would like that you use an act of god no wonder uh... no other website idea with can i get more done with fewer clicks eight then chewy yes they take my money for that bill for that bill and kelsey it's just like it's it's just like it's like unbelievable date every uh... for all of you listening in web design just go study chewy yeah ninety click click eight dollars i don't even know what i got for it i got a chew toy that tastes like turkey for ninety eight dollars so tom you're bullish on uh... but pecker chewy chewy chewy it's a part of the show so i don't i uh... adjustment thank you so much greatly appreciated uh... this morning lot what's going on we said david rubenstein and a list of things to talk to we didn't even get to all of them bloomberg surveillance brought to you by cone resnick advisory assurance tax their game changers to the and e s g awards honors organizations driving sustainable value for their stakeholders meet the winners at cone resnick dot com slash e s g awards cone resnick c o h n r e z n i c k cone resnick dot slash e s g awards interesting uh... had to say uh... that lease attacking in our glorious studios here and uh... are you a general motors dealership poll where are you this one no i am downtown in lower manhattan in what we we used to call the world financial center tom which i think it's been renamed brookfield properties worth it offices of build uh... mutual folks that insurers municipal bonds for let's look at the time there is that successful i mean i'm a ten looked at it as a result what and it's like actually like really worked right it does absolutely so uh... yet you'd like to have a your missile bond insured right it's very good really really really looking uh... for the build american mutual and uh... of course we have much more with paul swenier through the day futures of twenty four they advance uh... half a percent of its well under thirteen further move yesterday bond move today i think that's important tenure yield at at four twenty seven earlier four point two eight percent this in four basis points of low yields is really some of the uh... on fear to the stock market also some economic data will get to that here uh... in uh... of a moment uh... mister monger is died thanks to our team bloomberg surveillance team working on this through the late early evening i should say yesterday what an honor of howard marks with us from yes excellent doug casse outstanding and joining joining us now with a fabulous essay everyone's talking about his work this morning john authors of bloomberg opinion john uncharlie monger please on sally monger i thought when i was trying to sit down to write that last night the greatest problem i had was that the man really his own eulogy you know the success of berkeley heatherway and his connection to brooks no argument uh... tried to go through this i mean thank you great people in that uh... over the years he's tried to uh... who've tried to uh... dissect their uh... success try to explain it away it never works and then his ability to express something clear language brilliant aphorisms was second to none he was even he's much sharper more quotable even above it well the general office what i think i it's think so important here is here's a guy who was a first -order mathematician pack john i don't even know what the british experience maybe imperial college in london you would know but this guy it was the real deal academically and yet he did not think much dynamics and mathematics of security analysis he sort of walked ratio game yes i think i think that was another critical part of the virtue of success was that they uh at heart they still had what was basically a ben graham opinion so throughout i weren't interested in the dynamics of the market they were asked interested in how much is this worth can i buy it for less than it's worth uh and that really ultimately underpinned everything they did it was a much more common sensical approach and it makes much more sense going if you're to do what they did which is avoid you know the big diversification that goes with mathematical techniques and just back themselves with a concentrated portfolio and john you know i guess what i'm learning i think a lot of people are probably learning today's as they read more and more about uh charlie monger is you know he really was influential on mr buffett in terms of its and here's the quote from in buffett's words own it's far better to buy a wonderful company at a fair price than a fair company at a wonderful price boy how important was that over the years for percher hathaway i think that's what turns warren buffett from a really great value investor in the tradition he actually went to columbia business school he was taught by ben graham himself the father of uh value investing that it turns him from a great value investor to a great if not of the greatest ever investor by taking those principles and applying them broadly if you've got a company that is really good then just paying a fair price for it can still be thoroughly worked at you you see the uh expansion into looking at um rather than uh the graham idea of seeing if you've got a margin of safety the idea became to look for an economic moat is this a protected company are these earnings going to carry on into the future and that adaptation in buffett's approach seems to have come more from monger than from buffett himself and your wonderful palace folks i'll get this out on twitter you talk about the home run investments coca -cola and apple do they have a home run investment right now other than apple did charlie monger leave us with one the next decade
Tech Path Crypto
A highlight from Coinbase Wallet INTERVIEW | Base Growth & Massive Updates Coming!
"You guys are always asking about wallets and today is no different. Today we're gonna do a little bit of a deep dive on a project and one that I think you've probably seen us report on a little bit before and that is Coinbase Wallet. We'll dive in deep with the project lead there. It's gonna be a fun one. My name is Paul Baron. Welcome back into Tech Path. Joining me today is Chintan Tokariya, who is the Senior Director of Engineering over at Coinbase. So great to have you, Thanks Chintan. so much, Paul. Really, really happy to be here and talk about wallets, one of my favorite subjects. Well, you know, right now it's a big topic obviously with everything from self -custody but the growing interest around how you can hold your own tokens and of course wallets have been a big part of that. Talk to me a little bit about where Coinbase is. We've had you guys on before here on the show. It's probably been about seven or eight months, maybe even a year, since our last interview. And I know you guys have come a long way. Where are you some of the big things that have happened in that period of time? Yeah, you know, we've been heads down shipping. The team's just been really focused on making the best, most simplest and reliable Web3 wallet. And really our goal here is to bring users on chain, to bring users into the crypto economy in like a really simple way. And at the end of the day, what we've been focusing on is, if we think about sort of the primitives here, it's really at the end goal is to create real utility, real use cases for crypto. And on Wallet, we've been really heads down on shipping power user features, simplifying onboarding, safety and discovery. So we're probably like the only wallet out there with such a rich set of features and we're really proud of that. We're really excited to have launched multi -wallet support where you can import multiple mnemonics and multiple addresses into your wallet and see them all in one place, all really clearly laid out, really nicely identified with labels. We've also like started pushing out things like a Web3 starter kit, how to bring someone on chain. Everyone asks like, hey, I heard you are building a wallet, what should I do with it? And we want to make that experience really simple. So what are the first few things they should do? Establish an identity. So we offer free L2 usernames, right? And so everyone can establish their decentralized identity. And then we've been also making sends really simple. So really excited to have launched in the last six months, this notion of gasless sends or sponsored sends. So Paul, you know, like if you're trying to do some basic things in crypto, like just move some USDC from your wallet to someone else's, many times you need like multiple tokens, right? You need the USDC, but also the native gas token like Ethereum. Well, we've taken care of that. Like we just take care of that behind the scenes for users. So they don't need to think about having multiple tokens. And the send is actually just free. So anyone today can just send USDC from one person to another, not worry about these native tokens. And it's just really, really simple. So we've just been proud to focus on those areas and along with safety and discovery too. I want to talk to you about OnChain Summer, because this was a huge success for Coinbase. You guys were able to really accelerate a lot of growth here. I was just looking at some of the Dune Analytics, you know, and the amount of growth that you guys saw in OnChain Summer. When you look at that, I mean, I know Brian and I know some of the team there. Would this be considered, this is a pretty easy question, do you think this was a huge success? But in a success ratio of say one to 10, how big was this for you guys? I mean, I think the data speaks for itself, right? And this is a resounding success for Coinbase, for Base, which is the new L2 protocol we just recently launched. And also, I think for the whole crypto community. And so if you're not familiar with OnChain Summer, for the audience, what was it? We launched this 30 -day campaign, this 30 -day sort of like fun Web3 OnChain program that was available to anyone out there. And what happened every single day was it was an opportunity participate to OnChain with a daily drop. It could be from an NFT artist. We had a drop from DK, who's like just this amazing artist. We also had big brands like Coca -Cola and Atari participate as well with a daily drop. So it was a really cool way to push ourselves here at Coinbase on just making our products better. Right. And we felt that throughout all of OnChain Summer, which every day the team was working really hard. These drops were all on Coinbase, and we could see users trying to onboard by funding their wallets, interacting and minting the NFT, and then taking part of what that creator community wanted, which is like, what do you do now once you have that NFT? So Parallel is this Web3 game on Base. We could mint their cards, and then people then started playing the Parallel game. And it was great because it was like this amazing distribution power that we have at Coinbase and bringing users OnChain through this OnChain Summer program. And then people are like engaging in the crypto and on -chain economy. How important is the next move for Coinbase to really draw in, you know, other major brands? And are you getting interest from other major brands to do some more activities like these? Yeah, absolutely. We are. We are. And it's exciting that major brands are seeing that there is a new audience they can reach, and they can reach this audience in a different way, in a way that rewards both innovation. And what Coke did here is really cool. Like, I'm just watching this. And it was just new, beautiful art that in this case is also like just 3D interactive, right? And so we're seeing brands come in, and brands are really excited about a few things. And we're excited to work with them. One, what they're excited about is the audience. Two, it's sort of like the left pocket, right pocket, right? So left pocket is like my fiat or my credit cards or my traditional TradFi bank accounts. My right pocket is my crypto assets. And of course, they're excited about that. But they're excited about the community that they can create with this and the loyalty and engagement they can create using on -chain technology. So for example, if I mint the Coca -Cola NFTs here, Coke can also start thinking about or another brand can also start thinking about like, what is this long -term engagement? As more people mint these NFTs, do I want to reward them in the future? How does this play out? It actually opens like a real sort of Pandora's box in a good way of different loyalty programs and different ways to bring in the community. What about something like an on -chain winter? What's going to be next step for Coinbase and Base? Yeah, so you know, what we're thinking as a group here and how to continue to engage the Web3 community and also find ways to keep providing on -chain activities, right? So one thing we're doing is just like this idea of just daily drops, right? So one example, Unlonely. Unlonely is an on -chain dating TV program where two folks are, you know, you can watch them like a reality show and you can see how that date's going on. But then you can also like, you know, there's a little chat view. You can chat about how this date's going. You can also bet on maybe the outcome like, you know, will they end up in a real date or will one person say, no, you know, this is not for me. So it's a really interesting sort of way to sort of marry and bring together stuff that people find interesting and also to put it on chain. I think Base Paint is another really interesting example. I really enjoyed it. That launched during on -chain summer. You can participate by buying a brush and then pixel artists will come together every day and this is happening in real time. They'll draw for 24 hours this art and it will be based on the theme. And then once the 24 -hour window hits, boom, anyone can then mint that piece of art. And the great, the coolest thing here is many artists came together and contributed and as users are minting that art, the royalties are paid back to the artists that contributed. On L2Beat, which is showing kind of the arbitrum, there's a optimism and then base number three right now. So with that being the case, I mean, you're not far behind possibly flipping optimism. So, and this is just beginning or at least it feels that way in the sense of what we've seen so far. What are what are the bigger grander picture, I guess, for Coinbase in general with what you guys are doing that kind of integrates all of this together? Continuing to find and highlight beyond financial use cases for crypto but utility -driven use cases. But also a bigger part of Coinbase's responsibility is how to bring users that are not into crypto, that haven't quite onboarded yet, how to bring them into the crypto economy in a much easier, simpler, and more meaningful way that goes beyond just financial use cases. Like buying a coffee, for example. How to make it just sort of really simple, like, hey, I could buy this coffee with crypto. Boom. Great. Awesome. Shinten, do you think that, I mean, when you look at what's happening in blockchain in general, we'll see a handful of projects that really take off. And then some that, you know, think we think they're going to take off and then they kind of, you know, fizzle out. You look at SocialFi. This is a good example. I mean, you mentioned, you mentioned FriendTech, but obviously SocialFi's growth is really kind of starting to compound here. And do you think social potentially is one of those use cases that could be massive in terms of growth and big opportunity in the few years? Or is there another aspect around utility that you think might emerge? So when we think about social, what's interesting about it? One, you can engage and interact with anyone that is on -chain. It's permissionless, it's borderless. It will work with anyone in the world. And that's really interesting. But then what are the other properties? Well, if people have established their identity, you can actually learn about someone's on -chain identity, what their likes, dislikes are and engage. FarCaster has done something really excellent. It's a social app that allows users to chat with each other. Right. And chat's amazing. But beyond that, the formation of groups with similar identities and likes and preferences. But all this data is on -chain. And because this data for social is on -chain, folks can build value add on top of that. If I want to message you, Paul, I could message you. Hopefully you have paulbarron .eth, but I can message you there and say, Hey, Paul, how's it going? Thanks for, you know, it was great catching up for dinner and boom, I can send you the 20 bucks I owe you for dinner, whatever it might be. And even then we should think of that as like a really simple social use case where you can connect one person to another. Tap to pay with my phone, Google Pay, Apple Pay or my credit card. It's really simple. So how do we make this exponentially better? Right. And so if I go into a coffee shop or a restaurant, like what Blackbird is doing, it's really cool. I can go into a restaurant, I can check into the restaurant and that restaurant can say, Hey, welcome back, Jintun. This is your 10th visit here. Here's a reward. Here's like a free drink on us. I've dined at the restaurant. How do I make the payment really simple? Right. How do I make the payment flexible either from my left pocket or right pocket as an analogy where I can just scan or tap and I can select USDC as an example and the payment just lands instantly. It's settled, it's gasless and it's using crypto behind the scenes. Do wallets become a type of crypto super app or an on chain super app where someone is holding their crypto assets? That's great. But then what do you do with it? And that's really the core of I think everything we're trying to do in this industry to grow adoption. What next? What's interesting? What's compelling? Payments and messaging, merchants are loving it. We actually, in the summer, we went to Paris. It was for the ECC conference and we worked with the local cafe, Cafe Saint Victor, really old established cafe. And we took over the cafe for a few days during the conference and ran the entire cafe using Coinbase wallet. And what was really cool to see here was the throughput, the number of orders that were coming through to the cafe with just something so simple as Coinbase wallet messaging and payments. We basically doubled it because the volume just went much higher because the payments were faster and getting the orders from the customer to the customer. That was kind of a captive audience, obviously, with ECC there in Paris. So there would be a lot of people that would do that. But you look at this out in the wild because this is something I get when I talk to a lot of retail industry is the complexity of them getting started on it, or at least they feel there's a complexity. What is Coinbase trying to do or doing to kind of overcome that? Because that's a hurdle I feel like really is in front of us right now. Step one is just getting a wallet. Even at that point, that's complicated. That's complicated for someone who's new into this space. What is the concept of keys? What is backing up the keys? Oh, you're saying that if I lose these keys, I lose everything. That's really frightening. And then the second step after the keys is how to fund the wallet and on -ramp. And then the third step is, wait a minute, I have to sign transactions to use crypto? This seems a bit foreign to me. Oh, you know what? Forget it, right? I'll try to quickly break down. How are we thinking about these three basic things? On the onboarding as an industry and even what we're doing in Coinbase wallet, we've simplified the onboarding drastically, where it's just one button push, you're onboarded. And we are looking at technologies like MPC, multi -party computation. And just think of it this way where your key material is split amongst different parties, right? Trusted parties. Coinbase could be a trusted party. So if you do lose your keys, for example, you can have them recovered across these trusted parties. That does make the onboarding much easier. And we can move into a world in the future of account abstracted wallets, where it's actually a smart contract powering the wallet. So then it feels like you're logging into email, but there's a wallet behind the scenes. And that I think, we're exploring that space and there's a lot of interesting tech being developed there. Onboarding. Onboarding should be just one click. I think of when I buy things on Amazon, I put in the cart, boom, one click it's done. And that's how easy onboarding needs to be. So what we're doing in wallet is basically making that whole experience down to one button push once you've gone through the KYC process. And then the last piece around merchants already have established point of sale systems. Why would they want to bring in another one? Why would they want to just go through that hassle? And I think what's important to, fees, right? So why should a merchant care? Fees, yes. Chargebacks don't become a thing anymore. And that's a big portion of merchant fraud or customer fraud towards merchants. We can't go into a merchant and say, hey, come accept crypto. That's already a little scary. I've heard only interesting things about crypto. I'm okay with my current setup. We have to tell them you'll save fees, credit card fees. You could even earn yield on that USDC, like 5 % yield, for example. And that's pretty powerful. You can even set up loyalty programs. So now that if I went into a coffee shop and paid, that merchant knows how to reach me. They can message me. They could airdrop an NFT into my wallet saying, hey, come back again for a free cup of coffee. There's really amazing loyalty plays that can happen. And it's all in the control of the merchant. And our goal here is to make that starter kit for a merchant really simple and easy, where it's just a few button clicks and they're like, oh yeah, this is cool. And this is more about the issue with these walled gardens, because I concern myself now with what's happening over at Apple. We saw MetaMask being taken down off the App Store for a short period of time. Everybody was freaking out. Everybody I knew had an Apple device and a MetaMask account, or immediately I'm going to just put it on. Hopefully you can get to an Android, if it was worst case, or sideload it in some scenarios. But my point is this is a problem within the industry, Apple and its relationship with the app makers. So are you guys worried about this? And if you are, what's a strategy? In this example you gave MetaMask, when they're gatekeeping, it creates a real challenge, right? Where if someone has stored their crypto assets in an app like MetaMask or Coinbase wallet, and it's no longer available for updates on the App Store, let alone even a new user coming in, that's really scary. And I think what we need to do is really, both along the education piece and build those good relationships, but also just continue to highlight why this technology, going on Chainway, blockchain technology is allowing for true access and freedom to use the apps you want, the technologies you want, and move value between users. There's also other good initiatives out there. For example, folks are building crypto OS's, like one for Solana, one for Ethereum, where it would be on their own hardware, right? And that's actually a really compelling future. If you are, for example, going back to merchants, if you're a shop owner in a small rural town, you should be able to set up shop by just downloading an app and creating a wallet, right? And once you have that 0x address, you can receive funds, you could even message your customers, they can message you. That is the beauty of what we're trying to build and create in this fully permissionless world. You mentioned USDC and the potential of earning yield. What is the likelihood of us seeing USDC? I look at this right here in terms of what's happened on just L2Beat. Again, this, of course, was what you guys are doing in terms of multi -chain around USDC and this idea of earning yield. Do you feel like this is going to be something that's going to be available in the wallet soon to where I could earn yield there versus just my Coinbase account? So today in our main Coinbase account, you can obviously earn 5 % yield on USDC. Exactly. And of course, we're looking at ways to make that also available in Coinbase wallet. And that's an important piece of just participating in this ecosystem. What about just the interactivity with banks? Because obviously, most people are going to say, at some point, I got to move money out of a wallet, whether it's an online or a hardware wallet, into my bank. You've got Beam, of course, who has already started to make this work. The potential of going from a Coinbase wallet via Beam directly into my bank account, just smooth interaction like that, is that also in the roadmap? Where are you guys going? Yes. So what you're describing is a cash out, right? That's an important use case that we definitely have to get right in our building for and to make that super, super easy. Even today, inside Coinbase wallet, you can very easily send funds from your wallet to your retail account and then cash out. But that's like a multi -step process, right? And so we are looking at ways to make that easier and simpler. Also looking at Phantom, their NFT shortcuts, which is something, again, as we see more NFT usage within wallets especially, I know we have a lot of our own team that we utilize a lot of NFT collection. Obviously, Solana and Phantom have been the choice here. What does that look like for Coinbase in terms of the wallet being able to integrate like that? We built out really interesting things as well, like iOS widgets, where you can put your NFTs or your friends' NFTs onto your home screen on Apple. And of course, in the future, we're looking at ways to just make interaction with those NFTs easier. Like today, for example, inside Coinbase wallet, if someone actually bids on one of your NFTs, let's say you have a Ute like you were showing in this video and I want to bid on your Ute, you'll get a push notification saying, hey, Jim then wants to bid on your Ute. This is the offer. You can tap it and actually accept that offer right then and there in the wallet. So we're really pushing for more use cases, both from a commerce perspective, as well as making the long -term benefits of NFTs clear. Folks have been looking at token gating for NFTs, applying discounts if you hold certain NFTs. All of that does work naturally inside of our wallet. With that being the case, because UX is going to be a part of that, let's talk about what that might look like for you guys. 3D and AR. Let's talk about, is that something that's coming down the pipe for Coinbase wallet? We've seen this in some wallets already. How about Coinbase wallet? If it's specific to NFTs, Coinbase wallet can support rendering of all these NFTs, to see. We're looking at the creators out there that are painting this future, and we're seeing more stuff come into 3D space, more stuff come into AR space. I think just recently I noticed a team building a Pokemon Go on -chain type of game that works right inside of our Coinbase wallet dapp browser. You actually don't even need to leave the wallet, because really what we've designed here is a way where if you want to play an on -chain game, you can through the dapp browser. If you want to view 3D NFTs inside the native experience, you can. But I think there's a new world where if I'm using hardware or at a physical experience somewhere else, maybe it's an art gallery, how might that art gallery tap into the assets I'm holding, the NFTs, for example, in my wallet? Taylor, for me, a really unique experience. If I have a Finney NFT, for example, or a Utes NFT, how might that art gallery, if I'm walking through the art exhibit, show me things that might actually be relevant towards the art I've curated in my own wallet? It's almost like this personalized experience inside of an art gallery. That's kind of like this bold new future that I'm pretty excited about too. I've been surprised at how much has been accomplished with some of these projects out here. So very impressed with the movement forward. Last up here, I just want to talk a little bit about the potential for Coinbase wallet for retail businesses. And then you step back and say, OK, what is Brian Armstrong, your CEO, thinking about when you look at all these advantages that are starting to prop up in the wallet sector versus traditional, whether it's base or what Coinbase as an exchange is doing? How does he see this? I mean, I'm sure, I don't know if you can give us that answer, but how does he see this? Because I would think I'm leaning a little bit here toward wallet because of all these monster markets that are developing for it. Coinbase, the exchange, it's where folks start their crypto journey, they onboard, they move fiat from their bank into the exchange, they buy some crypto. But then what's next? Well, how do we bring them on chain? And we can do that through wallet.
Bloomberg Daybreak
Fresh "Coca" from Bloomberg Daybreak
"A high of 50 degrees. I'm Rob Carolyn with your three day forecast on Bloomberg 11 30. Live from the Broker Studio Broadcasting Coast to Coast Bloomberg 11 30 New York Bloomberg 99 1 Washington Bloomberg 1061 Boston Bloomberg 9 60 San Francisco Sirius XM 1 21 The Bloomberg Business app and bloomberg .com. This is Bloomberg Daybreak. And we're coming up to 6 30 on Wall Street. Good morning. I'm Karen Moscow and I'm Nathan Hager. We're nearly three hours away from the open of US trading. It's time for the five things you need to know to start your day. Brought to you interactive brokers. IBKR's redesigned fundamentals explorer provides comprehensive worldwide fundamentals data to clients at no cost. Take your research to the next level. Visit ibkr .com. Well Nathan, we begin with the Israel Hamas war. Today's the final day of an extended six day pause in fighting. Hamas handed over a dozen more hostages last night and White House national security spokesman John Kirby hopes the pause will continue and is working to secure the release of American hostages. We don't have perfect visibility on where they are. We know Hamas can get to all the hostages if it wants to and has the ability to We'll do that. keep pressing to get these Americans out as much as we can. And White House spokesman John Kirby says the pause will depend on Hamas continuing to release hostages. CIA Director Bill Burns is in Qatar for talks about extending the ceasefire. Now we remember Charlie Munger, Karen, who died yesterday at the age of 99. Bloomberg's Tucker John is here to look back on the life of the legendary investor. And Nathan, as Warren Buffett's alter ego, Charlie Munger helped engineer a 3 ,800 ,000 percent return over the life of Berkshire takeaway. And one of Munger's biggest roles was steering Buffett away from investments he thought wouldn't pan out. There were so many of them that Buffett would refer to Munger as the Obama of old no man. A lawyer by training Munger helped develop a style of investing in companies for the long term. In 1962, they began investing in Massachusetts companies that made suit linings. Berkshire Hathaway became the corporate vehicle for a conglomerate. In 1987, they would make one of their best known investments, a billion dollars in Coca Cola. At their investment meetings in Omaha where they both grew up, Munger would become known as the scold of corporate excess at Buffett's straight man. I'm John Tucker Bloomberg radio. All right, John. Thank you. We want to now look at the Fed. Yesterday Fed Governor Christopher Waller told an audience in Washington he thinks policy may be tight enough to bring inflation back to two percent. Fed Governor Michelle Bowman echoed his view, saying she'll support more hikes if necessary. Elsewhere in Washington, Karen, two competing resolutions to oust George Santos House from the are on the fast track after a scathing ethics committee report the Republican says Congress left a force amount. I ask that all my colleagues in the Senate and to set the straight record and put this in the record. I will not be resigning if he is expelled. George Santos would become just the sixth member of the House to be removed. And we are watching some headlines crossing the Bloomberg here from General Motors it announced a 10 billion dollar accelerated buyback and it also said it's going to boost said the the dividend 33 percent in 2024. That's the five things you need to know to start your day brought brought to you by Interactive Brokers. S &P futures up three -tenths of a percent this morning up about 15 points. points. Dow futures up a quarter percent or 91 points and NASDAQ futures up four tenths of a percent or 67 Seven points. This is Bloomberg. a quick look at GM shares. They're up about four percent off the back of those headlines. Thank you Karen. $6 .31 on Wall Street. Let's bring in Michael Barr for a look at what else is happening in New York and around the world. Michael? Thank you very much, Nathan. New York Mayor Eric Adam says the 25 -year -old woman who was his top fundraiser is no longer in the post. It comes after FBI the earlier this month raided the home of Brianna Suggs involving a federal investigation into the mayor's campaign. During a news conference, Adams would only say Suggs is no longer doing fundraising for the campaign and declined to explain the reasons for the change. Mayor Adams also talked about the migrant crisis in the city and had some pointed words for the federal government saying we need to have a national solution to the problem. And as long passed through for the federal government to do its part and pay its fair share, New York City remains clear -eyed that for a year and a half now New Yorkers have been paying the federal government overdue and New Yorkers are angry. Mayor Adams says the city continues to receive 2 ,000 to 3 thousand asylum seekers a week. Billionaire Richard Branson is using fat to fuel his planes. The Virgin Atlantic owner sent a Boeing 787 passenger jet across the pond on a purely high fat low emissions fuel from London's Heathrow Airport to New York's JFK. Branson said that the commercial airliner was fueled by 70 tons of cooking oils and animal fat. Flight is flying from London to New York on sustainable fuel and that's a first and very exciting. Sustainable aviation fuel or SAF reduces greenhouse gas emissions by about 70%. No passengers were onboard the flight. A New York City holiday tradition takes place tonight. Christmas tree lighting takes place at Rockefeller Center. Tonight they will light an 80 foot tall Norway spruce from State New York. Global news 24 hours a day and whenever you want it. With Bloomberg News Now, I'm Michael Barr. This is Bloomberg Nathan. Thank you Michael. 33 on Wall Street. Time for the Bloomberg Sports Update brought to you by TriState Out. We'll be here again. John Stanchard. Okay Nathan in an effort to drum up interest in the early part of the regular season the NBA took a page from European soccer and instituted tournament. an in Last night -season it was determined which eight teams will advance the Knicks or one of them. It came down to point Parental and the Knicks won their game with Charlotte at the Garden easily 115 to 91 Julius Randall 25 points 20 rebounds Emmanuel quickly scored 23 so the Knicks will play a quarterfinal game next Tuesday in Milwaukee in Brooklyn the Nets beat Toronto 115 to 103 in Newark the Devils rallied past the Islanders five to four scored the winning goal in the final minute the latest college football playoff hole has Georgia still number one then Michigan Washington and Florida State all four play conference championship games this weekend including Georgia's game with Alabama and the SEC in Washington on Friday facing now fifth ranked Oregon in what's likely the final game ever in the Pac -12 Aaron Rodgers went on ESPN to give what's become a weekly update on his Achilles injury expects to practice next week hopes to play Christmas Eve but Rogers admitted that if the Jets are in not contention to make the playoffs that could affect his decision Tiki Barber stand out Giants running back for a decade among the 25 still on the modern -era ballot for the Hall of Fame Mark Cuban just announced he's leaving Shark Tank after 16 years on the show and now there's word he's in still early tops to sell a good chunk of the Dallas Mavericks the to Adelson family reportedly Cuban would retain decision -making powers he's on the map since 2000 all right John thank you the Bloomberg Sports report was brought to you by Audi don't let someone else drive off in the Audi model you've always wanted visit your local tri -state Audi dealer to get behind the wheel of yours today or visit audioffers .com for more information S &P futures up 14 points or three tenths of one percent Dow futures a Nasdaq quarter percent higher futures up four tenths of one percent the global leader pop is culture always evolving and those changes impact our lives in ways that are both visible and not so obvious I'm Lucas Shaw and I cover the business of pop culture for Bloomberg my job is to uncover how entertainment is changing and explain what that means for you because context changes how you see things how you change things context changes everything start exploring my coverage and more at Bloomberg in business and financial news is now I'm on YouTube is this a counting achievement this is brilliant watch Bloomberg radio all day is it exactly what the Fed wants to see market news conversation and insight from Bloomberg's signature radio shows surveillance markets Sound On and Business Week we've got a rally in stocks this is a market that's much more bullish Bloomberg watch us every business day live on YouTube Bloomberg radio text changes everything mom is this how you feed a hamster uh I think so it's it's my homework right hmm I think so is this milk still good I think so when it comes to parenting sometimes it's okay to think you know but when it's something as important as your
The Café Bitcoin Podcast
A highlight from Macro, SBF Trial, and Is Mark Zuckerberg a Bitcoiner? with Alex Stanczyk, Wicked, Joe Carlasare, and More - October 12th, 2023
"Hello, and welcome to the Cafe Bitcoin Podcast brought to you by Swan Bitcoin, the best way to buy and learn about Bitcoin. I'm your host, Alex Danson, and we're excited to announce that we're bringing the Cafe Bitcoin Conversations Twitter Spaces to you on this show, the Cafe Bitcoin Podcast, Monday through Friday every week. Join us as we speak to guests like Michael Saylor, Len Alden, Corey Clifston, Greg Foss, Tomer Strohle, and many others in the Bitcoin space. Also, be sure to hit that subscribe button. Make sure you get notifications when we launch a new episode. You can join us live on Twitter Spaces Monday through Friday, starting at 7 a .m. Pacific and 10 a .m. Eastern every morning to become part of the conversation yourself. Thanks again. We look forward to bringing you the best Bitcoin content daily here on the Cafe Bitcoin Podcast. Wow, Twitter has been really weird for me this morning. It's doing some odd things. So anyway, good morning. Good morning, Peter. Tomer and Mickey. I want to wick it out in the audience. Why are you in the audience, Apple? Throwing you an invite. Jacob, all the UK Bitcoiners, Lindsay out, shout out to Lindsay, met Lindsay in person for the first time at the party at Pacific Bitcoin. She's pretty cool. She's aight. Becoming a toxic maxi now. Is she? Fantastic. Yeah, dude, it's really cool. So I have some breaking news, if you want to hear it. Yeah, let's hear it. We're Peter adopting as our local grandfather, and he's going to come visit us on Sunday. He's going to grant your children to be grumpy bastards. You know, it's funny you should say that, Alex, because I did tell Mickey that I was going to teach his youngest how to swear. All right. Let's go. Morning, Terrence. Terrence with two R's and Terrence with one R to both of you. Good morning. Morning, dude. Shout out to Joe Carla. Sorry. I'm glad Mickey laughed. It felt awkward when I was the only one laughing at that. Laughing at what, Shelley? Shelley might be delayed. Shout out to Joe. Joe, I don't know what you've been doing lately. We miss you up here. You must be very busy. All right. Welcome to Cafe Bitcoin. This is episode 53. Shout outs to Alon Fountain and Noster Nests and to us over there, our mission for this show. Let the signal in a sea of noise. Teach the other 7 billion people on this planet why there is hope because of this bread owners future. We call Bitcoin. We've got a bunch of topics today. Scalability of digital theory systems, new stuff being revealed in the Alameda FTX court process. New stuff from Fidelity, new stuff from JP Morgan. It's a time. First up, we have David Marcus, who I believe is the CEO of LightSpark. David used to be, was it PayPal or was it Meta, aka Facebook? Does anybody know? I think it was PayPal. PayPal, then Meta. He was working on Libra as well. Yeah, it was, yeah. PayPal and Meta. Yeah, he went to Meta to do the Libra coin for Zuckerberg, which is kind of interesting because that was after the Winklevii did their Gemini. Yeah, that was a crazy time. I remember that. Like if you rewind the clock, I'm trying to remember how long ago that was, but I can recall when Zuck was dragged up before Congress. in To testify regards to Libra. And I watched the process. I watched the testimony. And the thing that I remember taking away from that experience was that the faces and the body language of the people that were debriefing him, they were terrified. It was the first time that those people woke up to the idea that the US dollar might lose supremacy and that this digital stuff might be a thing because Facebook was huge. I don't remember how many people they had, subscribers or whatever at the time, but it was a lot. It was like they were like a country in terms of population size. Tomer? They were huge. And they also, it wasn't just Facebook. Facebook was leading this consortium that included Visa and PayPal and JP Morgan. It was like the who's who of financial services companies and brands. I think Coca -Cola was on and I may be misstating, but it was just every brand in the world was like, we're getting together and we're launching this basket of currencies so that people can pay online. Of course, you'd never saw the light of day.
Bloomberg Daybreak
Fresh update on "coca" discussed on Bloomberg Daybreak
"Burns is in Qatar for talks about extending the ceasefire. Now Karen we turn to Charlie Munger who died yesterday at age the of 99. Bloomberg's John Tucker is here with a look back at the life of the legendary Berkshire Hathaway investor. And Nathan, as Warren Buffett's alter ego, Charlie Munger helped engineer a 3 ,800 thousand percent return over the life of Berkshire Hathaway. And one of Munger's biggest roles was steering Buffett away from investments he thought wouldn't pan out. There were so many of those that Buffett referred to Munger as the Obama of old no man. A lawyer by training Munger helped develop a style of investing in companies for the long term. In 1962, they began investing in a Massachusetts company that made suit linings. Berkshire Hathaway became the corporate vehicle for a growing conglomerate. In 1987, they would make one of their best -known investments, a billion dollars in Coca -Cola. At their investor meetings in Omaha, where they both grew up, Munger would become known as the scold of corporate excess and Buffett's straight man. I'm John Tucker, Bloomberg Radio. All right, John, thank you. Well, we shift now to the Fed and interest rates. Yesterday, Fed Governor Christopher Waller told an audience in Washington he thinks policy may be tight enough to bring inflation back to 2%. Fed Governor Michelle Bowman echoed his view, saying she'll support more hikes if necessary, but did not endorse one next month. Elsewhere in DC, Karen, two competing resolutions to oust Republican Representative George Santos from the House are on the fast track. After a scathing ethics committee many reports, Sanso says Congress will have to force him out. I ask that all my colleagues in the House consider in and Washington. And what this means for the future and to set the record straight and put this in the record, I will not be resigning. George Santos would become just the sixth member of the House to ever be removed if is he expelled. And in corporate news, Nathan Jack Ma is urging Alibaba Group to correct course. In a surprise demo, the founder called for fundamental change across the company, which is currently trading near its lowest value this year at a fraction of its peak in 2020. S &P futures up a third of a percent this morning, up about 16 points. Now futures up three tenths of a percent or 104 points. And NASDAQ futures up half percent 75 or points. Straight ahead, more global headlines plus a check of sports and this is Bloomberg. All right, Karen, thanks. It's thirty one on Wall Street. Michael bars here with a look at what else is going on in New York and around the world. Michael, thank you very much, Nathan. New York Mayor Eric Adams says the 25 year old woman who was his top fundraiser is no longer in the post. It comes after the FBI earlier this month raided the home of Brianna Suggs involving a federal investigation into the mayor's campaign. During a news conference, Adams would only say Suggs is no longer doing fundraising for the campaign and declined to explain the reasons for the change. Mayor Adams also talked about the migrant crisis in the city and has some pointed words for the federal government saying we need to have a national solution to the problem. It's long passed through for the federal government to do its part and pay its fair share. New York City remains clear -eyed that for a year and a half now New Yorkers have been paying the federal government's overdue and New Yorkers are angry. Mayor Adams says the city continues to receive two thousand to three thousand asylum seekers a week. Billionaire Richard Branson is using fat to fuel his planes. The Virgin Atlantic owner sent a Boeing 787 passenger jet across the pond on a purely high fat low emissions fuel from London's Heathrow Airport to New York's JFK. Branson said that the commercial airliner was fueled by 70 tons of cooking oils and animal fat. Flight 100 is flying from London to New York on sustainable fuel and that's a first and very exciting. No paying passengers were on board the flight. York City A New holiday tradition takes place tonight. Christmas tree lighting takes place at Rockefeller Center. Tonight they'll light an 80 foot tall Norway spruce from upstate New York. It has about five miles of lights and they'll flip the switch just before 10 pm. It will be lit until January 13th. 24 Global news hours a day and whenever you want it. With Bloomberg News Now, I'm Michael Barr. This is Michael, thank you. 533 on Wall Street Time for the Bloomberg Sports Update brought to you by Tri -State Audi. Here's John Stashauer. Thanks Nathan. An effort to drum up interest early in the part of the regular season. The NBA took a page from European soccer instituted an in -season tournament. Last night it was determined which eight teams will advance. The Knicks or one of them came down to point differential. The Knicks won their game with Charlotte at the Garden easily. 115 to 91. Julius Randle 25 points 20 rebounds. Emmanuel quickly scored 23. So the Knicks will play a quarterfinal game next Tuesday in Milwaukee. In Brooklyn next week Toronto 115 -103 in Newark. Devils rallied past the Islanders five to four scored the winning goal in the final minute. latest The college football playoff ball has Georgia number one in Michigan Washington and Florida State. All four play conference championship games this weekend including Georgia's game with Alabama in the SEC in Washington on Friday facing 5th ranked Oregon in the Pac -12. Aaron Rodgers went on ESPN to give what's become a weekly update on his achilles injury expects to practice next week hopes to play Christmas Eve but Rodgers admitted that if the Jets are not contention in to make the playoffs that could affect his decision. Tiki Barber standout Giants running back for a decade among the 25 still on the modern era ballot for the Pro Football Hall of Fame. Mark Cuban just announced he's Shark leaving Tank after 16 years on the show now there's word he's in early talks to sell a good chunk of the Alice Mavericks to the Adelson family reportedly Cuban would retain decision making. John Stashauer Bloomberg sports. No Mark Cuban on Shark Tank heaven forbid. Thank you John. Bloomberg Sports brought to you by Audi. Don't let someone else drive off in the Audi model you've always wanted. Visit your local tri -state Audi dealer to get behind the wheel of yours today or visit AudiOffers .com for more information. S &P futures are up three tenths percent as well up 98 and NASDAQ futures are up 69 points that is a gain of four tenths of one percent. Bloomberg Radio pop culture something that touches everyone how we fill our leisure time and how we enjoy ourselves particularly when you're talking about the famous people and big personalities in entertainment and tech there tends to be a need to sensationalize but what I enjoy is explaining to people how the things that they love get made come to be and how people make money
Bitcoin & Crypto Trading: Ledger Cast
A highlight from Inside Baseball
"Hello and welcome to Larry's Cast. My name is Brian Krogskard. I'm here with my archenemy for this next week, Josh Olsowich. Hello, Mr. Phillies fan. You know, I didn't take you very much of a baseball fan, but... Oh, dude, I grew up with the 90s Braves. I mean, how could you not love the Braves in the 90s? It's true. Clavin, Schmoltz, Maddox. That's right. Lopez, Lemke, Blauser, David Justice, Fred McGriff. Fred McGriff. Chipper Jones. Chipper Jones. That's a name I haven't heard in a long time. Yeah. I'll be at Game 1 of the Divisional Series tomorrow, Saturday, for our listeners who are catching up later. You'll know if I enjoyed it or not based on the outcome if you're listening on Sunday. Or if you're on another planet, you know that it's Saturday. We're going to have to specify that eventually. It's true. We're going to have to say this is Earth Saturday. In these space shows, it's just completely derailed us entirely. They always say like, you know, they give a time point and I'm like, is that an Earth day? Is that like, relative to what, right? You have to like specify. Like 24 hours. I do give a lot of leniency to fantasy stories based on other planets where they talk about length of days. And it's like, I mean, does the planet rotate? Well, it does. But I mean, yeah, it's like, they never really specify. It just sort of like implied like, it's a day is 24 hours because it's an Earth day. But anyway, anyway. Um, well, for anybody that has no idea what we're talking about. The Braves, the best team in baseball are playing the Phillies, who just finally clinched it like yesterday to play in the divisional series, which starts tomorrow, Saturday, and Josh lives in Philly. And I live in the south, which is the Braves circumference of fandom. The south. They're like the team of the south, basically. Anyway, you know, I'd bet a mistake about the series, but I don't want to owe him two steaks. You owe me a whole cow pretty soon. I just like carrying this debt. Based on the interest. I'm gonna owe you like a 45 ounce steak. I mean, yeah, it's gonna be like, I mean, mashed potatoes, and, you know, steams, the whole thing, cream spinach or whatever. Um, Josh, the we had a good little conversation going in one of our chats today about is the world falling apart, or is this establishing potential trend reversal, sentiment, and assets. The S &P is not really a great, like, asset to look at, though, is it, in terms of what the carnage has been? Like, if you really want to see where carnage shows up, it's got to be like rates in the Dixie, right? More than just the S &P. It looks like a little correction on the S &P. But there's definitely a lot of doomerish talk out there, wouldn't you say? Oh, yeah. I mean, the energy doomers were out in force the week before. And look what happened to oil. You've got, what do we got now? We got like consumer staples doomers because of the consumer spending numbers that came through. Excuse me. And we're seeing that on the S &P. But I'm trying to think like, what chart can I even pull up here? IWM maybe? There's there's some consumer staple ETF. I can't remember what it is. But I was looking at McDonald's, you know, it's like, this is, this is a chart that like, is happening. The golden arches. But these charts are just like happening. And everyone's like, yeah, it's a bull market. You know, I don't think everybody's saying it's a bull market. But, you know, if you look at the S &P and the Q's, whatever else. Yeah, there's an equal weighted S &P ETF. Yeah, I was just trying to find the consumer. Is this is it XLP? The point is, some of these charts just look just terrible. That's the equal weighted ETF right there. Chad can see that. Mega, mega yearly lows. There's some banks that are melting down that nobody's talking about that are small, but it's kind of emblematic of the whole market. You know, there's like we can have a crypto bull market with stuff like that going on. But if this is institutional led, as in like ETF led, then maybe it doesn't matter. You know, I don't know. There's two things that are still in good shape. One is the like, top eight stocks or whatever. And then two is basically employment. The jobs report that came out today, even this might hint at this bottom, the jobs report was very positive, meaning lots of jobs is bad now. So put that in your head first. Too much employment, which indicates potential further inflation, but that actually created a bit of a bottom on this turn that the market flipped pretty quick on that. But yeah, unemployment is still very low. The first thing you need to ask yourself is, what does the jobs number mean? Is it good news or bad news? And then you need to ask yourself, is good news bad news? Or is bad news good news? You know, are we in that paradigm? Currently? We have been except for terms today. I don't know. Honestly, you could argue either way, right? I saw the revisions for last month jobs revised was higher, I thought, for the first time in a long time. I think that's correct. Which the doomers aren't probably not going to talk about because it's been like eight consecutive revisions down. I don't know. The data is all over the place, honestly, for me. I think if you're paying attention to the macro, you get like analysis paralysis because TLT is melting down, yields are rising, housing is melting down. But yeah, here we are. Bitcoin's at almost 28k. So I don't know what to think, you know? Yeah, it looks okay. Bitcoin looks okay. It doesn't look great. I put a big yellow box on this chart for you. I knew you might need a big nice chart to see it. Well, the question that I'm asking myself is, how much of this stuff melting down is eventually at a point where it's just like, everything melts down, right? Yeah, but if the dollar, if things turn around, if money gets a little easier, let's say. But that's not happening. It's not happening right now. Whether it's happening soon, you don't know that. Higher for longer, bro. Higher for longer. Look at the bond market. We have Rick Santelli on CNBC talking about 13 % rates. I don't think it's going to go that high. It only takes a few months of like, uh -oh, stuff's hitting the fan, so we need to get easy. And the market could price that, start to price that in even before. I was listening to a Luke Gromen interview. Oh, man. Oh, man. Yeah. One of those macro people. But his point was, once that easing becomes known that it's that it could be, the economy might still be bad and it might still have a highly inflationary economy, but at the same time, the stock market and hard assets start to do very well. And he included Bitcoin in his analysis. As he would, because he's Luke Gromen. Yeah. I like Luke, but what I don't like about these macro people are they bring out these charts that say, you know, inflation is fine. The Fed needs to start easing now. They're going to be behind the curve. Well, they might be. They have tended to be quite late to the right move, right? They should have started raising earlier and instead they had to do it incredibly steeply, which caused lots of problems. They have been, but prices are still out of control regardless of what CPI is telling you, you know? Like everybody knows that. We see data points for that every day. Go to the grocery store. It may not be accelerating, but it's still. I think demand is way less than what numbers say. Demand for what? Spending. Well, we had the, so the consumer spending numbers came out Monday, I think it was, and TLDR it's down to the left. Sorry, not down to, down to the right. And in a big, big way. Like consumer discretionary. Yeah. I don't even know where that chart was pulled from or what data point that was, but so there was this implied demand picture, I think, for people that, you know, everything's going to be in trouble. Target, Walmart, you know, we showed McDonald's, you know, the consumer staples are all down. Not Rite Aid. What's another Walgreens, I think? Walgreens. Coca -Cola. Like all these are just melting down and you've got Walgreens blaming Ozempic for their, their lack of spending. It's. I think that's actually really cool. I think it's great. I think it shows you how much that they rely on people. Like people relying on a culture of. Sickness. Sickness. Yeah. Yeah. But the Ozempic story is pretty cool. Like, I feel like that is unsung, but maybe I'm just not paying attention to pharma stuff. But like, that drug is making a difference and. Yeah. Seems to be really helping people and. I don't know. Seems like America should be excited about that, you know? Well, that's why it's funny that you have the retailers coming out and saying, blaming Ozempic versus like talking about, I mean, they talk about shrinkage a lot, but that's also a massive problem. So is consumer spending, right? It's not like. What is shrinkage in your context? Shrinkage in retailers context is theft. Lost to people stealing things. Gotcha. Yeah. By the way, you didn't tell people you had the hat on to cover up your grades. That's really why. Oh, man. Dude. And the ear hair. First ever. I've never in my life had one of those hairs just sticking out of your ear until this week. I'm an old. He's an old now. But in all this, you know, gold melted down, oil melted down, dollars melting down. Dollars not melting down. OK, look, look, it's reverse. So I'm going to drive here for a second. So, yeah, I can't. I can't. I'm a pancake, not a waffle. I can't. It's the first Red Weekly here, Josh, in two plus months. I'll take it. Twelve weeks of up. It's about time. That's not normal, you know? Yeah. I'm not just saying that because I'm on the other side of that trade. It's just like that's not normal activity from anything. You don't see that on any chart. Listen, DD12 called it perfectly. Tone Vays, where are you at? Well, what I was saying on the Daily Cloud for DXY is that this is a massive TKC clamp, a .k .a. overbought conditions. 104 would be very possible here on the DXY, just based on technicals. So we'll see if that actually plays out. Look at that. Wow. That was a weekly Kiesian slam. Weekly edge -to -edge too on the DXY. Yeah. Interesting. I clearly hadn't been looking at the cloud lately. So look, on the Bitcoin side, we've held up. The ETFs for ETH has come and gone. It's been a nothingburger. But on the Bitcoin side, we held up. Gosh, look at this. More cloud news. We just got to keep talking. Yeah, so look, again, Bitcoin has done well. We've done oddly well. Some people saying we're decorolating, decoupling, talking about store of value. I don't think that's quite the case. I just think the people that were trading this... Hold on. Yeah, go ahead. I haven't watched your videos in a while, but I'm assuming the edge -to -edge on Bitcoin weekly is like top and front and center. Top and tail? Top and tail. Yes. Been talking about it for the past couple of weeks. You've been acting kind of bearish, though. I thought you were a dirty bear right now. Well, the problem with... So for those who don't know, the cloud trade, the setup, these weekly moves through the cloud have only happened two or three times historically. You don't see this often, right? This is like a once a cycle setup. This is basically a 2016 repeat. It's what you're hoping for. Really what this is, it's a mean reversion to the 50 % retracement of the all -time high to the local low. That's all this really is. That's what the math behind it will show. Correct. So once we get in the cloud, that's a really good sign that we have a chance to actually move to 42 in this case. The problem for me was that diagonal head and shoulders, every legacy looked super bearish, right? Legacy broke down a lot since the past two weeks, right? But we haven't broken 25. Sailor's buying, tether's buying. Sailor buying is not bullish. I agree, but somebody's buying something, right? We're all sitting here like, who's going to buy alts? Who's going to buy alts? Well, nobody, but somebody's buying BTC at the very least. And we get closer to the ETF every day. I am worried about recession. I'm worried about yield curve shenanigans. I'm worried about consumer spending. But if I'm just looking at the chart, it looks really good. You like 42K. I like 42, right? And back to analysis. I like 42. Send it to 42. Back to analysis paralysis. If you're paying attention to every little data point every week, it's so hard for me to have a true straight and narrow, this is what I believe in as far as trading.
The Bitboy Crypto Podcast
A highlight from Is Polygon Underrated? (Matic Price Prediction)
"Welcome to BitBoy Crypto, my name is AJ and this is the Price Prediction Department. In crypto, there are two words you will hear a thousand times, mass adoption. That is the goal, that is the dream, that is the rocket fuel in a spaceship made out of hopium. And when mass adoption happens, that's when we go to the moon. So when I think about which altcoin out there has done the most to get crypto that mainstream attention, two more words come to mind. Polygon or Matic, whatever you want to call it, let's get it. In this video, we will be dissecting Polygon, which is Ethereum's number one layer two project that is setting out to revolutionize scalability and security. To start off, Matic has always been a coin that's been on everyone's radar. That's not just because of it being a great scaling solution, but that's because of the impact that it's had of putting crypto into the mainstream in a big way. It has literally paved the road on how to get a crypto project backed by legitimate companies. Because all it takes is to get one or two top upper echelon companies and once you lock that in, the floodgates will open because everyone else knows that you are safe to work with. Polygon has earned its great reputation with its partnerships and its product, and it shows. Regardless if the partnership is for an NFT marketplace or building Web3 applications, it's bullish because it's only going to leave to more exposure for crypto. And a lot of these big companies really like to partner with projects that are carbon neutral. And in my opinion, this is kind of an optics thing, but optics matter. So what kind of partnerships are we talking here? We're talking draft kings, Stripe, Reddit, Disney, Adidas, the NFL, Starbucks, Adobe, Meta, Nike, Coca -Cola, and JP Morgan's first DeFi transaction was on Matic. Just last week, Polygon partnered with SK Telecom to create a Web3 ecosystem. And for those of you that don't know, SK Telecom is a giant in Korean telecommunications. Also, the Reddit NFTs on Polygon have been a big hit, and they just hit 40 million in sales last week. In regards to this, one of Matic's founders, Sandeep Nabal, commented on this and he said, Polygon ecosystem's mainstream products are silently reaching magic inflection points of growth. Be it Reddit avatars, draft king NFTs, or Nike dot swoosh, many others lined up too. Soon, AAA gaming too. Slowly but surely, fam. Him hinting at the AAA games really gets me excited for the future, especially because we've seen how successful all the other partnerships have been. And really, it's only a matter of time until real crypto is integrated inside our favorite video games. There's already rumors circulating about crypto being integrated into GTA 6, and if I can get paid to drive down a busy sidewalk, I'm here for it. And as you can see, that list of partnerships I said a little while ago, those are some of the biggest names, the biggest brands on planet earth. So my question is, how far can that visibility take us? Before we get to the price prediction, I want to thank you for being a member of the BitSquad by liking, subscribing, and commenting on this post down below. And thank you to Stake for sponsoring this video. So Matic describes itself as the value layer of the internet. On their website, polygon .technology, it reads, the fundamental protocol that allows anyone to create and exchange value powered by zero knowledge technology. And that's exactly what they're doing. We all know how expensive Ethereum's gas fees are, and this is exactly why we have layer twos to scale this out and make it cheaper for the user. The layer two projects are so good at scaling that Ethereum is not rolling out sharding the way they originally intended. And that's because the layer two projects like Polygon have it covered. To be clear, there is more to Polygon that meets the eye and with Supernets and Polygon ID and Midan coming in the future, it is going to get wild. And if you're on the fence thinking about jumping in, buying into the Polygon ecosystem, I implore you to do hours of homework and research outside of just this video before making that decision. So it's worth noting that back in March, Polygon rolled out the ZK EVM or the zero knowledge scaling solution that is equivalent to the Ethereum virtual machine. To be clear, the Polygon proof of stake sidechain is compatible with the EVM. It runs parallel to the Ethereum mainnet and the gas fees are paid in Matic. But the ZK EVM is built on top of Ethereum. It utilizes zero knowledge to speed things up, and it still benefits from Ethereum security. But unlike the proof of stake, the ZK EVM, the gas fees are paid in Ethereum, not Matic. Shout out to Finn Miller from the Daily Coin who wrote this article here. This article really helped clear things up for me in regards to the difference between the Polygon scaling solutions, and you should definitely check it out if you have a spare moment. So when Ethereum's founder Vitalik Buterin carried out the first transaction on the ZK EVM, he said this. He said millions of constraints for man, unconstrained scalability for mankind. That is an excellent quote, and the ZK EVM is really breaking the mold on what's possible for a scaling solution, and they already have exceeded 400 ,000 unique wallets. To be fair, you know, they do have some serious competition with Optimism and Arbitrum, but I kind of feel like it will be a gradual run up as we inch closer to the bull run with the activity on the network. And with all that said, let's get down to the price prediction. Remember, the equation for On December 26, 2021, Matic put in its all -time high of $2 .90. Its market cap at the time was $19 .75 billion, with a supply just over $7 billion. Today, Matic is ranked 13th by market cap and is currently priced right around $0 .55. Unfortunately, Matic has lost over $14 billion from its market cap, and it currently sits at $5 .12 billion. On the contrary, Matic's circulating supply has grown over 2 billion coins and sits at $9 .31 billion. And as you can see, Matic's supply has gone up about 31 % since its previous all -time high. For context, if we took Matic's previous all -time high market cap, but put that with its current circulating supply, that once $2 .90 Matic would now only be a $2 .12 Matic. Tokenomics matter. Unlike other coins that have terrible emission schedules and terrible tokenomics, Matic is already 93 % vested since its max supply is 10 billion coins. This is very good news. Originally, Matic was supposed to finish its emission schedule and be fully vested by mid -2025, but now the remainder of its emission schedule is changing since the release of the Polygon 2 .0 The new whitepaper is a very interesting read. It only took me like 30 -40 minutes to read the whole thing. And if you want to read it, we will link it below in the description. I highly suggest that you check it out. It is sort of unclear exactly when Matic will migrate to POL. I read that they're giving people four years to kind of get ready for this thing, but it could happen earlier than that. So with the release of the Polygon 2 .0 whitepaper, that does change the how the last 7 % of coins will come in really won't make that much of a difference. And since things aren't as cut and dry now as they used to be, I'm going to estimate that Matic supply will be around 9 .5 billion by the top of November 2025. And for the record, I'm saying November 2025 as the projected top for the top of the next bull run since it is a year and a half after the Bitcoin halving. And that has been the case the last three times. So now that we have the supply, what about the market cap? A lot of people have really liked that I've been using dominance as a gauge to see what is possible. If you look at this chart here on your screen, you will see that the 0 .87 % level has been a very important support resistance line on the Matic dominance chart. So the idea with the dominance chart based off previous videos is the idea that the total crypto market cap could get between 7 to 10 trillion by next bull run. So if Matic gets to this 0 .87 level by the top of the next bull run and the total market cap is 7 to 10 trillion, what would that make its market cap? So if Matic got back to that important support resistance level at 0 .87 % and the total crypto market cap went to $7 trillion, Matic's market cap would be 60 .9 making its price with the heightened supply $6 .41. Using the same equation, if the total market cap for crypto went to $10 trillion, if Matic got back to that same dominance level, its market cap would be $87 billion. And with the heightened supply that we estimated earlier, Matic's price would be $9 .16. Some of you might know that the price prediction department was actually a segment on the BitBoy Crypto livestream before it became an every Sunday show. Some of you might know that I covered Matic on the livestream about three months ago. And at the time, my price prediction for Matic was $7 to $8. So for Matic, I'm saying $7 to $8. Is that too high or too low? And at the time, I was not using dominance as a gauge like I am now. And reflecting on the price range I got by using the dominance, it actually opens up my range from $7 to $8 to $6 .40 to $9 .20. And I really think $6 .40 to $9 .20 is a larger range since it covers more of a gap in market cap, a gap in price. And honestly, I feel like this time, the dominance gauge is going to be my price prediction. Sometimes I just use it as a gauge and don't make it my price prediction. In those cases, my prediction is normally lower than the gauge. But in this case, I'm going to hang my hat on the dominance prediction. And my Matic price prediction for the top of the next bull run is $6 .40 to $9 .20. Boom, there you go. There is my Matic price prediction. I hope everyone out there got a lot out of this video. And what did you think of my prediction? Was I too bearish? Was I too bullish? Let me know below in the comments. For the next couple of weeks, I do have a couple coins planned that I want to do. But if there is a specific coin that I have not covered yet, also let me know down below. One last thing, there is now an official playlist for the price prediction department that has all the videos I've made for the past couple of months all in one spot. Be sure to check that out if you haven't seen them all. And with that being said, my name is AJ writes crypto and I hope you have a great rest of your weekend. Later. You've been dreaming about the dress. Come find the one at David's bridal. The most glamorous designer wedding gowns are now 15 % off bridesmaid dresses that fit beautifully start around $99. Whether you need a veil, jewelry, shoes, or even lingerie and shapewear. It's all at David's bridal. Take 20 % off outfit making accessories for a limited time. Stop by your local David's bridal store or shop David's bridal .com today, terms and conditions apply. 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Tech Path Crypto
A highlight from 1212. Trump Crypto Portfolio | FULL BREAKDOWN
"All right, so today we're going to dive into Ethereum and also into President Trump and his whole plan of maybe how to go into NFTs, cryptocurrency as a whole. This will be a good one because I think it'll start to paint out a narrative that a lot of you are going to want to pay attention to. My name is Paul Baron. Welcome back into Tech Path. All right, let's get into it. And there's a lot happening today. We'll have a few clips for you as well, so make sure and stick around for those. It's going to give you some narrative on not only Ethereum, but also some other projects out there that I think you'll be interested in. Before we get started, I do want to thank our sponsor, and that is iTrust Capital. If you're looking at long -term holding, iTrust is the way to go. You can get into crypto IRAs over there. You can do Ethereum, Bitcoin, get into precious metals, all sorts of things. You get to direct your own trades. All of that is available to you. No monthly fees. It's very easy to join. Just click the link down below, and you can get started. Plus, you'll get a $100 funding reward, so take a chance and go that direction. Let's go into a couple of things here I want to get into, and one of them is a report that is done. It's called the Executive Branch Personal Public Financial Disclosure Report. I'm going to zoom in on this just a little bit so we can go through some of the highlights our team was able to go through and kind of break down where President Trump is getting his investments from, where his revenue is coming from, all those kind of things. All right, so as you can see here on this first one, license agreement with Parler for the sale of NFTs, collectibles, all of this is available over on Parler. So again, $380 ,000 for that. Further into his investments, you've got BlackRock, McDonald's flowing into here. A lot of corporations, BlackRock, Exxon, JP Morgan, McDonald's again, Nike, Pfizer, further into there, Starbucks, Coca -Cola, Visa, Apple, et cetera, and the reason I bring up some of these investments is because it starts to kind of set the narrative of where Trump as the candidate potentially for president is getting his income from. Of course, another area is U .S. Treasury, so he likes the dollar and obviously dividends. This is the traditional way that people with a lot of money will be able to go out and kind of generate more money. The other aspect is the fact that he is investing in this area around NFTs, and of course, all of that being driven by Ethereum. So further into his disclosures, again, more U .S. Treasury bills, and then down here you're gonna see a lot of this under his family trust, and this gets into everything from his brokerage accounts, which are his money markets, a couple of other aspects within there, including some other funds, Vanguard, SDPR, BlackRock, JP Morgan, all the way into Schwab, et cetera. So typical investments, nothing new here other than obviously what we had saw with the early part of that with Parler, but the other aspect is what everybody has been reporting on is this cryptocurrency wallet, and that's around 250 ,000 to 500 ,000 right now in Ethereum. So holding no other crypto asset other than ETH. And then of course, let's see, what else? Oh, last up, he gets some speaking engagements from Cardone Enterprise. Of course, we all know that. So man, a million dollars from that, that's crazy.
Bloomberg Radio New York - Recording Feed
Monitor Show 07:00 08-16-2023 07:00
"It's on 659 Wall Street. Stay with us. Bloomberg Surveillance with Tom Kean, Jonathan Farrow and Lisa Abramowitz. Starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. It's no mystery that consumer is strong. It's very clear that consumers are beginning to slow their activity. At the end of the day, this is all about the labor market. I think there is enough support from the labor market to prevent the U .S. consumer from completely rolling over. Eventually consumers will come to the realization that things are a lot more expensive. This is Bloomberg Surveillance with Tom Kean, Jonathan Farrow and Lisa Abramowitz. I love Bob Dole. That quote there, eventually, that was like eventually six, nine months ago and we're still sitting here and saying eventually the consumer will weaken. Live from New York City this morning. Good morning, good morning for you all. This is Bloomberg Surveillance on TV and radio alongside Lisa Abramowitz. I'm Jonathan Farrow. Your equity market right now unchanged on the S &P 500. Lisa eventually will see some weakness in the U .S. consumer. This seems to be the mantra and now increasingly I think there is a new feeling in markets that maybe eventually isn't going to come unless there is some sort of break in the labor market and that I think is the tension that you feel in the bond market right now with yields up so significantly on the long end. Earnings season. Are we starting to see signs of it just a little bit? We've talked about the airlines a few times, JetBlue, Southwest, the domestic players. Are we starting to see signs that maybe the domestic demand is starting to tail off just a bit? It depends where you look because you see certain companies that have serious pricing power. You think of Coca -Cola and Pepsi and clearly people are willing to pay for shrinkflation and whatever else, but other places not so much.
CoinDesk Podcast Network
A highlight from GEN C: Understanding Web3 Talent and Opportunities With Lesley Silverman of UTA
"The new In Gen C. The C stands for crypto, but it also stands for creators, the connected consumer and collectibles, both digital and physical with on chain provenance. It stands for culture and characters, the ones we play in games and the companion ones that AI is building alongside us. It stands for community and digital citizenship and the new set of transparent and trustless tools being built to govern them. These are the people who were raised on a different philosophy on how they look at money, how they look at identity, how they look at privacy and how they look at the hybrid, digital and physical spaces being built all around us. And finally, how they reimagine their relationships with the communities and companies they interact with. We focus on how brands, large and small, are building for these audiences. Welcome to Gen C. Avery, we are back. Episode something. I don't even know what number we're at. I think 39. A lot of episodes. A lot of episodes. I'm very excited for this one for a couple of reasons. The first is we have Leslie Silverman, who's the head of Web3 from United Talent Agency joining us a little later. Leslie is someone I started to talk with probably two years ago about this stuff. Always has a lot of opinions, represents a lot of the big artists in the space and is someone I think really brings a lot of sort of intuition and knowledge. Would love to like learn more about her career. So I'm really excited to have her on. Me too. I heard she was a lawyer. She was a lawyer. I wish I went to law school now that I think about it. But still time. Still time. You could reverse age. Go back. Maybe just buy an NFT of a legal degree. Right. There's a lot of interesting stuff happening. I want to start, Avery, with saying are you prepared for Hot Chain Summer? And what I mean by that is today when we're recording this is the beginning of Coinbase's OnChain Summer, which is like a month long festival celebrating on chain activities. They're doing a ton of stuff around getting people's attention and they've also partnered with like Coca -Cola, Atari, Zora, Manifold, a bunch of the both like traditional Web2 brands as well as a lot of the great Web3 brands in creating a sort of month long experience for people to mint things, get things, meet people, follow artists. And I just want to understand your thoughts on what Coinbase is doing around OnChain Summer. One, I think it's fun. I think they're trying to make on chain happen to be determined if on chain is going to enter the sort of normie vocabulary. I like it. I think it's interesting on the blockchain, on chain, I think creates also an avenue for communication that lives outside crypto, which I think is smart for a company like Coinbase knowing how polarizing crypto is right now to sort of mainstream American investors and just in the financial services sector broadly. We did not work on that campaign. We do partner with Coinbase, but not on this. So I can't tell you any of the in depth approach or their strategy, but I think if I were Coinbase, I would be trying to lean into communication and brand building that lives a little bit outside of crypto, degens, trading audience and appeals to more broad based folks who might have a little money to spend, might have a little money to invest, and they want to enjoy their summer. And they like block parties and artists and soda and all the fun things. And I also think summer is the right season. Summer is about positivity. It's about getting together. It's about outside and groups and music and concerts. And I think it positions just tonality wise well. I like the colors. Our direction is very vibrant and fun. And let's see if they can make on chain happen. They're also the first public company to release a decentralized blockchain. Exactly. That has been a hot topic, though, as you know, I think that there's a little bit of a back and forth with the base and the optimism. And I think there's two sides to every story, right? Yeah. Well, and I think that combined with like PayPal releasing announcement of creating a stable coin actually just challenges the U .S. to sort of like step up to the plate and make a decision. To me, that is big news. Yeah. And I think that's beyond a campaign. That's beyond a marketing effort. That is a big move by PayPal. And many people don't know, but PayPal, you know, has been very crypto friendly. So has Venmo. And Venmo is, of course, owned by PayPal. And this is in the app. This is existed for years, I believe, as a method of sort of storing, saving those little increments of crypto. And I actually think PayPal kind of has an interesting moment right now. They're a bit underpenetrated from a crypto adoption perspective from that kind of low to mid end user who might have gotten burned with some of the highly decentralized, highly volatile, a little bit more risky assets over the past two years. Now it's got a little bit of crypto and might not trust themselves with, you know, to be fully self -sovereign. I think they've got an interesting place to play and to leverage the trust and scale that they have with to consumers kind of onboard some of that audience. But I haven't seen like a big marketing push around it. And I know they've been thinking about it and exploring. But with this announcement, I think that this is actually quite a BFD. 100 percent. And I think when you have big brands who are mainstream, like PayPal, like Coca -Cola, like Atari, like Coinbase, who are really kind of challenging the system, it may be one of those moments we look back on and say this incrementally brought us forward to something. And I do think that everyone in the crypto space would love to know that the government of the USA, in addition to the other major Euro governments and Asian governments, have a point of view. So just so you know how to work within those constraints, that's, I think, been one of things that's really hindered adoption is that no one knows if they're actually potentially going to be breaking the law. I think that's 100 percent right. Yeah. These kinds of things, I think, get us to something that at least makes people have to go on record and figure out whether they're comfortable with. I also think it's coming at an interesting time, right? It's coming at a time when a lot of Americans are reading very mixed reviews on crypto and blockchain. And the fact that PayPal is releasing this now, I think actually ultimately underscores their conviction in the future of blockchain and the future of crypto. I don't know, I'm sure that went through many hoops and hurdles to choose to launch this in August of 2023. But I think it really demonstrates their commitment to the space, actually. Absolutely. Another story we reported today, which is interesting because we were talking to Leslie later, who represents the artist Grimes, but we reported today that Grimes claims to have made more money from NFTs than she ever made from music, which I thought was a really interesting statement. Now, for anyone who doesn't know, Grimes did release some very sort of highly sought after NFTs during key NFT timing of 21, 22. I believe one of them went for $400 ,000, which was a unique artwork that was a one of one. So she's done pretty well in the NFT space. She's always been a big supporter of blockchain and crypto, but it actually really exposed, I think, how hard it is to make money as a traditional artist in the streaming world that she was able to make more because I think a lot of people know Grimes, whether it's through her relationship with Elon or just as a avant garde artist. But I think you and I have spoken so many times about the idea that music and blockchain still isn't really there. And the one thing that I took away from this was that Grimes is sort of still reinforcing that because where she made most of her money was still with herself as an artist, not as how many people bought a single or bought a song.
Daily Crypto Report
A highlight from "Coca-Cola launches "Masterpiece" NFT collection on Base" Aug 14, 2023
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Tech Path Crypto
A highlight from 1205. Coinbase Ethereum Event Begins! MASSIVE Adoption Boost Coming!!
"All right, so some big things happening with Coinbase and Base today, and we're going to break down a little bit about on -chain summer and what that might mean around a ton of projects that are starting to roll out and what it could mean for Ethereum. So we're going to break it all down for you. It's going to be good. My name is Paul Baron. Welcome back into Tech Path. I want to thank our sponsors, that is iTrust Capital. If you guys are looking at long -term holding for your crypto, let's do it. In an IRA, it's very easy to set up, and it's super simple. And the best thing is the fees are low. So all you guys have to do is click the link down below, use our code, it does help the channel out, and of course, you get a $100 funding reward if you decide to do it. All right, so let's get into a couple of points here. And one thing I want to hit on first is this tweet right here, just in Coinbase becomes first publicly traded company to launch its own decentralized blockchain base. This is big, in my opinion, because of the fact that, obviously, it has to be Coinbase to do this because they are one of the only real ones out there that are, of course, a publicly traded company. But I think this also could lead the way for many others. So this is a good picture for Coinbase, and I think it's a good picture for the industry as a whole. Here is OnChain Summer. Just so you guys know, this, of course, today is launch day. I think we're going to get this video out. So you'll notice that the story of base is bringing the world on chain and to be continued. Now, there are some things that are happening within this. There's a little bit about the community. You can kind of learn about Jesse Pollock. He's one of the leads over there. But you get into the projects that are upcoming here. And as you can see, Parallels in here, another block, we'll talk a little bit about them. Coca -Cola, Stand With Crypto, Blackbird, a restaurant application, and so on. Point is, is that this is going to get big. I think that this is just the beginning. We're going to see some pretty amazing things come out of this. I want to go over to a clip real quick, and this will get into a little bit more detail on Brian Armstrong talking about OnChain Summer, what it might mean. Listen in. Going back to Coinbase, I think my biggest fear was always that Coinbase would be kind of this old, basically it would be the AOL of crypto, that it would be kind of old, it would be this fiat on ramp, but it would forever be this centralized company in this decentralized world. And one of the reasons I'm really excited about base is it's a true experiment that is crypto native coming from what could have been sort of the centralized dinosaur. It's really a celebration of OnChain art, culture, music, gaming, all the different pieces that are coming together to be built on base. And we've got an amazing set of partners that we're launching with. So we've got a bunch of crypto native firms, Zora, OpenSea, Parallel, Blackbird. We've also got a bunch of legacy or I don't know, traditional non -crypto companies, I don't want to call them legacy, Coca -Cola, Atari. So people can engage in a lot of real world utility like restaurants or minting a Coke bottle. But there's also a bunch of OnChain stuff where people can start to engage. And if you or your friend or your dad or your mom or your grandparents even just get one goal from those shots on goal where they get to try one thing that appeals to them, whether it's music or food or art or gaming or social or messaging or community, like one thing that gets you to set up your first wallet, that gets you to do your first transaction, that gets you to experience what's happening on chain and experience what you can create, what you can do, how you can participate. I think that that's how we bring a billion people into this new world. All right, so a lot happened there in that clip. First of all, it's good to see Fred still kind of communicate. He's the co -founder of Coinbase with Brian. And if you don't know the story about Coinbase, you should watch their documentary. It's a good story about how they started and all that. But the cool thing is, is all this has evolved into what they're doing now on base. And this to me is one of the most dynamic things that's happened in crypto maybe since I even remember, and it's a very significant one. One of the tools they were using was Livepeer. This was their live streaming. This is, again, one of the key elements of how base will be used in the future. But you got LensTube, Beam on here, Bonfire. We'll break down Bonfire here in a second, what they're doing, some cool things. So the good thing is, is that this really starts to open up a lot of opportunities. And you probably heard us talk a little bit about Chainlink earlier this week around this topic. And of course, this was around Chainlink's price feeds. This is now live on base. This is a layer two that of course is incubated now on Coinbase as well. Simply meaning live price feeds. So if you're thinking stock trading, crypto trading, etc., this is Chainlink and how they're going to be integrated. So if you're brand new to crypto, this will start to get into your everyday functionality and use cases around some of this more innovative tech in terms of apps, exchanges, and eventually what I think will happen with a lot of the trading platforms out there. So a definitely lot going in the right direction. Here, of course, is Uniswap. We reported this on this this week as well. What are you swapping on BuildOnBase? We want to know. This, of course, is live now. So good stuff there. Just to show you quickly kind of the interface, it's very simple, very easy to do. So connecting your wallet, going directly into Coinbase, very easy to do the bridge here. So again, this is a big benefit for ease of use. And I think this is one of those things that kind of what Pollack and Armstrong were talking about is to be able to get people onboarded very simply in a way that's passionate for them. So that's a cool thing and what will apply going forward. Now, part of that is going to be the strategies of companies like RAMP, projects like RAMP. They're opening a direct path now from fiat into the base network, which is interesting because this will get into a lot of things. RAMP will be able to support base right from its inception and able to transaction with ETH and USDC from day one. Big deal. The other aspect of this is it's going to open up RAMP into a lot of functionality of how this will interface for just traditional fiat onboarding. So just think about that and the potential for where this is going. All of this is good science, definitely. I want to go over to a clip real quick and how RAMP works. Listen in.
Coronavirus
A highlight from Stader Introduces Liquid Restaked Tokens
"Welcome to your Ethereum news briefing. Here's your latest for Wednesday, August 9th, 2023. Stator Labs introduces liquid restaked tokens, BaseMainnet opens for all users, Fluent unveils its zkWasm execution layer, and CarpaKey launches a DAO treasury dashboard. All this and more starts right now. Optimism is providing us with 500 OP tokens to onboard users onto the network. Visit ether .fm forward slash NFT and enter code word restaking for a chance to mint today's podcast as an NFT on OP mainnet and earn a share of 500 OP tokens. Stator Labs introduced the liquid restaked token, a synthetic receipt token that represents ownership of restaked Ether, including assets restaked on Eigenlayer. Liquid restaked tokens increase capital efficiency by allowing holders to secure other applications, earn rewards, and further leverage their capital in DeFi. Stator Labs aims to address the challenges of node operation by introducing the liquid restaked token DAO, which will be responsible for selecting validators and staking services. End users will be able to deposit native Ether and liquid staking tokens in exchange for liquid restaking tokens or LRTs. LRT contracts will then distribute tokens to various node operators and accrue rewards. Stator Labs is a liquid staking protocol that allows node operators to deploy a validator with as little as 4 Ether and 0 .4 Ether worth of its native SD token. The protocol has its own liquid staked token called ETHX. Stator plans to implement a multi -pole architecture similar to ETHX to facilitate the new restaking project. Base, an OP stack chain by Coinbase, is now available on mainnet for all users. Users can now mint a commemorative base day one NFT marking the launch of on -chain summer. According to Coinbase, wallets that mint an on -chain summer NFT are eligible for a 60 -day trial of Coinbase One, a program that offers reduced trading fees on its centralized exchange. Users can visit onchainsummer .xyz to mint an NFT each day this month. The NFTs feature artwork with partners like Coca -Cola, Atari, and Opensea. Over 100 dApps and infrastructure providers are now available on base mainnet, including Ave, Uniswap, and Balancer. Base is now the 5th largest rollup by Total Valley Locked with over $140 million. Fluent unveiled its general -purpose ZKWasm execution layer for Ethereum. Fluent seeks to allow developers to build apps on Ethereum, written in Rust, TypeScript, and Go. Fluent consists of a ZK rollup for scalability, WebAssembly VM for multiple language support, and EVM tooling for compatibility with existing infrastructure. Fluent is currently accepting applications for its Early Builders program ahead of a testnet release later this year. And lastly, CarpetKey, a DAO treasury risk manager, introduced its first public treasury dashboard, allowing users to track portfolio performance and token allocations. Users can filter reports by month, year, and DAO. The monthly report provides a snapshot of capital utilization, farming results, and yield. CarpetKey currently manages treasuries for CalProtocol, ENS, Gnosis, and Balancer. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ether .fm.
Ethereum Daily
A highlight from Stader Introduces Liquid Restaked Tokens
"Welcome to your Ethereum news briefing. Here's your latest for Wednesday, August 9th, 2023. Stator Labs introduces liquid restaked tokens, BaseMainnet opens for all users, Fluent unveils its zkWasm execution layer, and CarpaKey launches a DAO treasury dashboard. All this and more starts right now. Optimism is providing us with 500 OP tokens to onboard users onto the network. Visit ether .fm forward slash NFT and enter code word restaking for a chance to mint today's podcast as an NFT on OP mainnet and earn a share of 500 OP tokens. Stator Labs introduced the liquid restaked token, a synthetic receipt token that represents ownership of restaked Ether, including assets restaked on Eigenlayer. Liquid restaked tokens increase capital efficiency by allowing holders to secure other applications, earn rewards, and further leverage their capital in DeFi. Stator Labs aims to address the challenges of node operation by introducing the liquid restaked token DAO, which will be responsible for selecting validators and staking services. End users will be able to deposit native Ether and liquid staking tokens in exchange for liquid restaking tokens or LRTs. LRT contracts will then distribute tokens to various node operators and accrue rewards. Stator Labs is a liquid staking protocol that allows node operators to deploy a validator with as little as 4 Ether and 0 .4 Ether worth of its native SD token. The protocol has its own liquid staked token called ETHX. Stator plans to implement a multi -pole architecture similar to ETHX to facilitate the new restaking project. Base, an OP stack chain by Coinbase, is now available on mainnet for all users. Users can now mint a commemorative base day one NFT marking the launch of on -chain summer. According to Coinbase, wallets that mint an on -chain summer NFT are eligible for a 60 -day trial of Coinbase One, a program that offers reduced trading fees on its centralized exchange. Users can visit onchainsummer .xyz to mint an NFT each day this month. The NFTs feature artwork with partners like Coca -Cola, Atari, and Opensea. Over 100 dApps and infrastructure providers are now available on base mainnet, including Ave, Uniswap, and Balancer. Base is now the 5th largest rollup by Total Valley Locked with over $140 million. Fluent unveiled its general -purpose ZKWasm execution layer for Ethereum. Fluent seeks to allow developers to build apps on Ethereum, written in Rust, TypeScript, and Go. Fluent consists of a ZK rollup for scalability, WebAssembly VM for multiple language support, and EVM tooling for compatibility with existing infrastructure. Fluent is currently accepting applications for its Early Builders program ahead of a testnet release later this year. And lastly, CarpetKey, a DAO treasury risk manager, introduced its first public treasury dashboard, allowing users to track portfolio performance and token allocations. Users can filter reports by month, year, and DAO. The monthly report provides a snapshot of capital utilization, farming results, and yield. CarpetKey currently manages treasuries for CalProtocol, ENS, Gnosis, and Balancer. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ether .fm.
Crypto Curious
A highlight from 91 - FTX 2.0 - FOR REAL!! Coinbase's BASE Launch, and Optimism's Meteoric Rise
"Welcome to the Crypto Curious podcast, proudly brought to you by the Bamboo App. Crypto Curious is your go -to source for all things cryptocurrency. Whether you're a seasoned pro or new to the world of crypto, we've got you covered. Each week we'll break down the top news stories of the past seven days, giving you the information you need to stay on top of the latest trends and developments. Plus we'll share quick bites of news and insights that you won't want to miss. If you're new to crypto, we recommend starting with our early episodes where we break down the basics and give you a solid foundation to understand the crypto world. Join us as we explore the ever -evolving world of cryptocurrency and educate ourselves along the way. On this week's episode, we talk about the rebirth of FTX exchange and get some insights from someone who's lived through the pain and lost money in last year's meltdown and what it means for those who got burnt. We chat through Coinbase's new L2 blockchain base, which launches this week. And we've got a mover and shaker of the week. And this one is optimism. We'll tell you a little bit about why that token has been pumping. My name's Tracey. And finally, Craig is back from his epic holiday. We were sick of seeing the photos. So it's three of us again. Welcome boys. Good to have you back, Craig. Thanks guys. I'm tanned. I've taken a huge break from the markets, but it seems like nothing's really been happening. I don't know, I've been listening to the podcast and it seems I just got caught up on the way home and it's been good to have a bit of a break. Look, you just hit the nail on the head there. Nothing's happened in the markets. I reckon we're probably at the same place we were when you left a month ago. Yeah, literally like Ethereum and Bitcoin, same price. Ethereum greed is still neutral. It's just a bit boring right now, isn't it? Mate, is this correlation or causation, guys? Craig, you're not trading. Look what happens. True. I've stopped pumping the markets. I'm back now. So we'll see the markets turn around. Well, look, it's good to have you back and I'm glad that you're nice and rested and you're ready to jump back into some crypto news. So let's do that with story number one. This, ladies and gentlemen, is the current state of play. Coinbase is being sued. Binance is being sued. So both are being basically choked out of the US. But FTX exchange is relaunching. Hmm. Are we in the twilight zone? Yeah. After much speculation, FTX has officially submitted a proposal to restart its services for non US customers. How do you feel about this? And what do we actually know, Blake? Yeah, you know, there's a lot going on here. It looks like there's been a lot of assets that have been found, 7 .1 billion and maybe a couple billion dollars in cash, which means that they can, you know, get the business back up and running. You know, those people that are creditors to the administration may not get all of their funds back, but it looks like they might get a majority of their funds back. We're looking, you know, 50 to 70 percent at least. So that's really great to hear. And as we've heard, there's a line of people looking to buy or acquire FTX from the administrators, which is interesting as well. But you know, it's a valuable asset. It was a great product. There's millions of users there. And there's a potential for somebody to turn that into a very prosperous business. So what we talked about a few episodes ago now that there were literally over 100 different entities looking to buy this, but we still have no idea, do we, on who it is that will be taking this off? That's right. And you know, it might be worth pointing out as well that we're talking about, you know, the organization, global which has, you know, subsidiaries or entities based in Europe, based in Australia and based in other jurisdictions and the purchaser would be acquiring all of them. Right. Okay. You got any thoughts on this one, Craig? What's SPF? What's he got to do with this or is he completely out the game now? I would say he's completely out of the game now, yeah. And have you guys heard the conspiracy that he did that, be that bold hack? Have you guys heard about this? I did read a little bit about this last week, but fill us in. Okay. So there was this project called Bold, which was a meme coin on bold, meme coin on base. And it did like millions of percent increase in like a week and, but you couldn't bridge off. So once you were in, you couldn't get out and then it literally got rugged and there's to SPF as like an elaborate way to recover the FTX hole. But I don't know if it's true, but I think, you know, it wouldn't surprise me. It keeps on unraveling, keeps on going and it's insane. Now we did speak to a well known crypto trader, Dax from Crypto Dojo here in Australia. Dax has been vocal at offering up input and help to make sure that those affected had their claims sorted via the correct legal channels. We thought he would be the best person to get an idea of how the feeling was out there amongst the trader community and ask him a few questions earlier this week. What is it that you and the other creditors are pushing for? Do you like the idea of a token? The creditors and the community of creditors would like to see a debt token for sure that is tradable. So, you know, if people want to get access to any of the gap that they're not going to get back from the debtors when they do give the final payout, we can trade that straight away or, you know, we can hold it to maturity and get paid out over time by the exchange fees. All right. So just to give a little bit more context about what a debt token or a utility token for creditors could look like is that, you know, when I used to use Bitfinex back in, you know, 2016, 2017, they were hacked for hundreds of millions of dollars. And they said that they would pay back their customers through revenue, but it could take several years. Right. So what they did was they created a token that and anyone that had debt received the token. And it was initially trading, I think, 10 cents or even 30 cents in the dollar. So if you wanted to recover 30 % of your debt, you could sell that token down. However, over time, it became clear that they were paying down the debt, Bitfinex was, and this was adding to the value of the token. People were eventually made whole. And then this actually became an asset that people traded online. And not from memory, people could also leverage traded. The debt token. You're in poignomics right now. Yeah, yeah. But they came through in the end. And I think what people are wanting here is a similar thing. For example, if creditors only receive 50 cents in the dollar or 70 cents in the dollar and the project, FTX, restarts, then they want a share of the revenue moving forward until their debt is fully recovered. And this is a really interesting mechanism to keep all of the users on the platform and promoting it. As well as that, I think creditors are pushing to have, to be equity holders in the holding, global holding company. So the creditors could actually end up making some really good money out of this. Obviously it's going to take some time and they're going to have to be patient. But if they execute this well, it's going to be an incredible feat. That leads into another question that we asked Dax, which was how the users are feeling about using the FTX exchange again. In terms of like, why would people use that exchange, right? So for example, if you have $100 ,000 or a couple of million dollars on FTX right now, and maybe you get back 50 or 70%, and you know if you trade on that exchange, it's going to add liquidity to the books and the fees that you're paying eventually going to come back to you over time. And also it sort of like creates an entire army of promoters for that exchange as well. You have literally 200 ,000 to a couple of million people that want everyone to use that exchange. I think there's not that many quality exchanges at the moment in the crypto space. So if they can come out and build a lot of trust because of everything that's happened, you know they have a good VC company buys them and they know they do things the right way and they have a really strong custodian that's separated from the business that buys them and you know they don't have a hedge fund that's trading against the traders using their own capital like all the other ones seem to be doing at the moment. It could be a place where it ends up performing very, very well. So we'll have to wait and see. I might just point out one thing that I think we missed here is that one of the key factors that increased the pool of assets was that they removed all executives from the list of creditors as I suppose a punishment. So you know that's one of the other factors that's contributed to people getting a little bit of extra money back. But kind of continuing on from that thought as well, you know FTX had a massive venture book which means they invested into hundreds of companies and many AI companies have done really well in this latest AI boom. So some of these companies I think had done a 10 or 20x. So these things are really helping to chip off the debt for creditors. So there you go, it remains to be seen who will take the reins and exactly how it rolls out but it seems there's some hope for those affected FTX users in this rebirth, ladies and gentlemen. Coinbase is launching their Base Layer 2 blockchain. Starting this Thursday, users will be able to bridge their ETH with the official launch of the main net. Base is the latest Ethereum Layer 2 network developed using Coinbase's OP stack and that's on optimism. Although Base testnet was launched back in February, the main net goes live on August the 9th. Craig, do you want to tell us a little bit more about Base? Yeah, so Coinbase as we know is going to be a Layer 2 on the Ethereum blockchain which is pretty much a whole new network with cheaper gas fees, quicker transaction sizes. So Coinbase are trying to do what Binance have been doing. So Binance launched their own smart chain called Binance Smart Chain which is essentially a fork of Ethereum and now Coinbase are launching their own Layer 2 called Base which is going to be built on top of optimism which we'll talk about in the movers and shakers. But this has kicked off a bit of an on -chain summer where a lot of people are trying to bridge over to the new Layer 2. There's companies like Coca -Cola, Atari, OpenSea all building applications and making art on Base. So it's going to be really interesting. It's going live tomorrow. Actually at the time of recording it would be going live now so it's going to be really interesting to see how the market reacts especially with the Coinbase share price and see how many users actually jump over. And I know we were saying before that they've come out and said that there is no plans for a token but as you know early adopters do tend to get rewarded in these situations. And Layer 2's definitely are the flavor of the season right now. Blake, what are your thoughts on this one? Yeah, you know obviously Binance did a similar thing with Binance Smart Chain. They want to open up the world of DeFi for their organization and build products and services on chain. Essentially Coinbase is a centralized application. They want to diversify their offering clearly and create value for their shareholders but also de -risk a little bit. And I think from a regulatory point of view, these platforms like these side chains and Layer 2 chains are a little bit more regulatory safe right now because it seems like the centralized players are getting sued left, right and center as you see. So yeah, I think it's a great move and it does stick it to Binance a little bit trying to compete with them. Binance did so well with the Binance Smart Chain and PancakeSwap and all the dapps that build on top of them, all the NFT activities. That feels like forever ago but when was that? And all the, I'm sure it was less than two years ago. So I think it's an incredible thing and yeah, it's great to see them evolve and I think this is Brian Armstrong's long term vision, you know, to become a company that builds products and services across the whole ecosystem, centralized or decentralized. Don't forget, Coinbase have a huge venture team where they've been investing in DeFi Web3 projects built on Ethereum and I guess now they'll be the intention to get all those guys building on base and they've got millions of users, 120 billion assets on the platform. So it just seems like an obvious value add for Coinbase. There you go, Coinbase adapting to the market and moving forward. Time now for our Mover and Shaker of the Week. Everyone loves a crypto pump and each week or two we will feature a cryptocurrency or token or project that is grabbing attention and popularity in the market. We want to share the reasons why it's on the rise and what utility and value it holds. This week we take a look at optimism or OP which we've just mentioned in the previous story. This monthly move has been 46%. So Craig, what is it? Yes, so we've just gone through this a little bit. So optimism is a popular layer two solution that makes transactions on Ethereum cheaper and faster, very similar to Arbitrum. They're both actually probably competitors. So optimism now has 120 ,000 users, 850 million in total value locked. They've actually overtaken Arbitrum with transactions and users in the last few months which is, you know, translated into this token pump. So all of the dev environment and all the users are now trying to bridge over to optimism, get involved and try to be the early users on these new Coinbase products. So as you know, actually we've covered this before but optimism was actually one of the big airdrops that happened probably around six months ago. So now I guess all the sellers of the airdrops have ran out and now optimism is now sort of in its second phase. What do you think, Trace? Yeah, look, that's a big one. It's definitely contributed to but there's also a second reason that that pump's occurred and another really well -known project. What's that, Blake? Yeah, exactly right, Trace. Worldcoin has also decided to launch on optimism. While the release has been controversial to say the least, it's helped optimism bypass or surpass the Arbitrum daily transaction number for the first time. And as a result, optimism is up 30 % over the last week and 46 % over the last month. Massive gains. And yeah, so Craig, did you sell your airdrop? I'm an Arbitrum man, no I haven't. Oh, watch out, nice work. I'm huddling, I'm huddling. Yeah, there you go. You've got a bit of long -term commitment to the project. That's good to hear. Look, a lot of projects are also committing to the OP stack, so this one could be one to keep your eye on, folks. OP optimism. Before we head into the break, let's chat really quickly about Litecoin, boys, or LTC, because this one has been a bit of a build -up for the last two or three months to their halving event, which actually took place last week on the 2nd of August. This one's also been a coin that we all speak about in our little chat groups as well. But so far, the Litecoin halving hasn't really done much for the bullish price. Actually, it's quite the opposite. The price of the coin is down 8 .5 % since the event, trading at around $82 .20 at time of recording. So all the price action that was positive happened in the lead -up to the halving, hit $110 early in July. Why has this happened, Blake, do you think? Yeah, is it kind of buy the news and sell the event type of deal? Potentially. Buy the rumor. Buy the rumor. Buy the rumor, yeah, and sell the... could be. It's just a sign of how boring this crypto market is, that our group chat and Twitter was getting excited over Litecoin halving, a coin that no one's used since 2017. I think it's just a sign that we're just looking for something to do, we're looking for something to trade, and there was a narrative that did pick up and then it... yeah, it's over. Yeah, I think it might be worth drawing some similarities and parallels between Litecoin and Bitcoin here, because generally when the Bitcoin halving happens, we see massive price appreciation, but we don't see that with Litecoin, because it's not a dominant player in the ecosystem. And Litecoin is a copy of Bitcoin, it runs a little bit faster, it has some cheaper fees, so it's very similar in dynamics, just... yeah, it looks like it's primarily used, however, for speculation now. Yeah, so just following off that, Blake, the Bitcoin halving is now 252 days away, so 26th of April.
Simply Bitcoin
A highlight from Adam Back Predicts $100k Bitcoin by Halving | EP 797
"Welcome to Simply Bitcoin Live! We're your number one source for the peaceful Bitcoin revolution with code breaking news called Traumatic Warfare. We will be your guide through the separation of money and state and make no mistake, that's exactly what we are living through these days. Anyways, very interesting, over the weekend, Adam Back, who was cited in the original Bitcoin whitepaper, made a bet with our boy, Vkingo, stay solvent everybody if you know you know, and the bet was that Bitcoin, Adam Back bet Vkingo that Bitcoin was going to hit $100 ,000 by March 31st, 2024. But there's a reason that he originally quote tweeted an article and it explained what his reasoning was behind making that bet. So I think that's really interesting. We're going to break all of that down today. Also on the Tetherfront, their lawsuit in New York, the lawsuit originally claimed that Tether was not backed one to one by the dollar and whatnot. That was dismissed. The judge kind of just threw it out. So find that interesting. That Tether FUD was a huge deal. I think it was like 2017, 2018. There was this massive account called Bitfinex. And it's interesting because when all these blow ups started to happen, it was USDC that was affected more than Tether. Right. And USDC was the one that was supposedly regulated because it was by Coinbase. And you know, it was it was supposed to be the safer bet. So it's just funny how that plays out. And then if anyone who's not in the know, Tether plays a massive role in the entire ecosystem. It's used to trade on a lot of these altcoin exchanges overseas. And so Tether plays this like weird type of role in Bitcoin. So it's just interesting how that played out. And of course, obviously, Tether is not a fan of the US government. The US government is not a fan of stablecoins. Obviously, they want to be the stablecoin. That's why they launched, I think lot a of people are going to learn over time that you will only find financial sovereignty in Bitcoin. Anything that is centralized, meaning everything other than Bitcoin, I think will inevitably inevitably be co -opted by government. So I know that's very popular. Stablecoins are very popular overseas in countries that are going through high inflation. But I think it's just a matter of time before they kind of wake up to the reality of Bitcoin and stuff. So anyways, before we start the show, I want to bring up my legendary co -host, always optimistic. Dude, what do you think of the new intro? Shout out to Daf, by the way. I kind of messed it up with leaving the thumbnail up, but tomorrow I'll nail it. But I like it. I like it. You guys requested a change up. So we heard you. Dude, it feels official, Nico. It feels like we are back. We've always been back. But now we're officially back and we're professionals here on the stream. We got an intro, bro. If that didn't get you vibed up, I don't know what did. But man, let's go. It's Monday. We're back for the grind. We're back to give you guys content, keep you guys up to date on the peaceful Bitcoin revolution. I'm hyped, Nico. And I think I only drank two cups of coffee this morning. So maybe it's just yelling in everyone's ears on Twitter Spaces that gets me hyped in the morning. But I'm excited for this one. Anyways, we do have a guest today on our culture. Bring him in, Nico. Or should I? We got Shah from noaa .com talking about Bitcoin, Bitcoin payments, all that good stuff that they're working on. So this is going to be a good episode. How are you doing, Shah? Good. How are you guys? Glad to be on the show. Wonderful, bro. Wonderful. Yeah, man. Super excited to have you on the show. And with Bitcoin payments, I feel like that's not enough of a that's so that's so vague. Yeah, I mean, so we started like noaa around two years ago. We saw that, you know, the there is a need for I mean, of course, there's a lot of Bitcoin wallets out there. But what we are really solving here is the intersection of the on and off ramps. We believe that, yes, it's good to have Bitcoin. But to make Bitcoin really usable, you have to enable users to cash out very quickly. You know, right now, we're live with like, you know, the cards on RAM, so you can globally at very competitive rate buy Bitcoin, Apple Pay, Google Pay, MasterCard, Visa card, but also pay out into your Visa card and MasterCard globally. So let's say, you know, you're about to go on your holidays, of course, you should never sell your Bitcoin. But who knows, like most people are probably living in a Bitcoin first world, where they hold most of their assets in Bitcoin, but it's kind of a friction to kind of cash it out in short term. So within a day, you put it put it on your Visa, MasterCard, and it's popped up, and then you just go out and spend it. So that's right now. Soon, in two or three weeks, we will have global off ramp, USD, GBP, Euro, Nigerian currency, anything you want. So we've been working hard, quite, you know, behind the scenes. But I think by payment, I really mean how on and off ramp so seamless, that it's, you know, almost like no friction. That's really cool. Wait, wait, before we go, though, is Noah a reference to Noah's Ark? Correct. Yeah. So the initial idea was, when you want to build a really big consumer brand, like look at the big companies like Coca Cola, Zara, you know, I don't know, Mango, you know, you have to have a name that is globally recognizable. And I think, you know, we just brainstorming. And normally, when you start a company, you have like five top names. But with this one, it was just like, it has to be Noah, right? Because it is a name that's basically transcends every religion. So in Christianity, in Islam, as well as Judaism, it is the same story. It's the only story that combines them all showing that, you know, these religions are all basically all the same, we're all the same, there's no borders, really, only the borders that we put between us. And, and also, it has to do with helping people. So you know, like the flood is coming, and we're building the Ark to save everyone from the flood. And there's so many other meanings. But most importantly, and I always say, unlike the other Ark, this Ark has space for everyone, not just a pair of animals. So I think there were so many, many aspects that I have to name Noah, you know, there are, we also went to, to get the domains, because I think it's very important to make it very simple. So people understand. Very, very cool, man. Well, that's awesome. And yeah, that domain is huge. Noah .com. I think that's a big statement. But yeah, man, I'm super, super excited. Love having Bitcoin entrepreneurs here, you know, pushing or mass adoption worldwide. But anyways, guys, no more delay. Let's jump straight into into the show today. We got a lot to talk about. We got a lot to cover. Let's check it out.
CoinDesk Podcast Network
A highlight from THE HASH: Coinbase Gears Up For Public Launch of 'Base' Layer 2 Blockchain; Patreon Payout Concerns
"This is the Hash Podcast. Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more. All on the Hash for your ears. You're listening to the CoinDesk Podcast Network. Hello and welcome to CoinDesk TV. I'm Will Boxley, your host for today. Joined alongside Zach Seward, Danny Nelson, and David Z. Morris are watching us or listening to us on the CoinDesk Podcast Network. Either way, give us a thumbs up or a like or drop a comment. We love to hear from you guys. A lot of great stories to start the day. We're going to talk about Coinbase, which is moving forward with Base. It's a layer two proposal built on top of the optimism OP stack. Base is a new way to build on chain. Coinbase is pushing forward with this idea of on -chain summer, bringing in huge brands like Coca -Cola, Atari, and other groups like OpenSea in order to build more applications on chain. They first launched this in July for developers and are now opening up to the public this month. Already seen a few different things happening with Base, notably the Bald token, a meme coin, which took off just last week and developed into a $100 million market cap token in short order and then quickly fell apart. Lot of development for this story. Zach, I'm going to throw it to you first of all. Talk about Bald, Base, and a lot of different things happening with the optimism stack. Wow. There's so much to go on here. First of all, yeah, optimism looking pretty good in terms of the scaling solutions out there racking up some key wins of which Base is a good one. Bald, we talked about yesterday and the potential Alameda linked shenanigans that some breadcrumbs on chain suggest could be at play. And yeah, on -chain summer, man, I mean, that's a bit aspirational for sure, but I think L2s and roll -ups are very much part of the conversation right now in the broader crypto space, right? How do we make mainstream throughputs possible? You can't do it on the base layer. You can't do it on Ethereum mainnet. You got to do it on these roll -ups, right? Whether that's the optimism stack, whether that's something like ZKSync or whether that's something like Arbitrum, we've seen a lot of momentum around these faster, cheaper alternatives to Ethereum mainnet. And I think Coinbase in choosing the optimism stack sort of put a big stamp of approval that I think others in the space are sort of following. So yeah, OpStack is definitely looking pretty good out there at the moment. But yeah, we'll see. I mean, we'll see if this will be the thing that ultimately entices more people on chain. I think it's always worth stating that the numbers of crypto users who are interacting with on -chain applications is still pretty ridiculously low. So if this can move the needle through a big brand name, Coinbase, that's fantastic. But still, we're far off from any type of on -chain season. But hopefully this is something that gets us closer to those on -chain ideals rather than interacting with the Coinbase is on the centralized exchange side. David, curious for your thoughts on this one. There's a lot to go on. OK, Zach, I'm going to kind of not exactly push back, but I have a different take, which is that I want to exactly do all this stuff through my Coinbase account, which I publicly admitted to having for the first time a couple of months ago. And what I want to be able to do is take my Ethereum on Coinbase and put it into a liquidity pool on Uniswap through base. And I think that if they can make that happen somehow, and regulators, who knows, but that I think is the play here that makes this incredibly insanely powerful for Coinbase is if they can onboard somebody onto an L2 through a Coinbase account somehow in a way that's reputable and trustworthy, then this is potentially a huge L2. And just to clarify for people who might not be familiar with some of this terminology, this is built on top of Ethereum, just like Optimism, just like Arbitrum. And I don't know a lot about the capabilities, but it has that basic security model of sharing Ethereum security. So I think there's a lot of potential here. And it is really, you know, it is a bridge of a certain sort of kind of, I don't know, spiritual bridge where you have Coinbase itself telling people, you know, it's great to go do things on chain on these layer twos. And I think it's a big deal. And I think it has real potential. Regulators are going to do what they're going to do, so we'll see, but I'm pretty bullish on this one. Danny, what do you think? Yeah, I'll jump in here. I'm interested to see how Coinbase handles the public announcement of the launch of its layer two, because they've already missed the opportunity to seize the narrative from the outset, as you guys talked about on the show yesterday. This meme coin, Bald, took all of the energy out of this announcement, I think, because people are already aware that to a certain extent, you can already use base, you can get tokens in through what's currently a one way bridge on August 9th, I think they're going to open up so that you can take tokens out. But there's always this risk in creating permissionless systems that you don't know what's going to happen on top of that, right? So if I'm Coinbase, I want to be seen as a buttoned up a company that people can take seriously. It's kind of hard to accomplish that when the very first headlines that are coming out of your layer two are this meme coin that gets rug pulled because of just all of the liquidity getting withdrawn. So I'm really curious to see how Coinbase handles and tries to retake the narrative here. Zach, I'll toss it to you. Yeah, we've seen this with the Binance smart chain, now the BNB chain, right? Sort of like a at time cesspool of permissionless crap that got a lot of people into a lot of trouble in terms of getting rugged and getting otherwise exploited by various nefarious actors. So again, I think you're right, Danny, to home in on that point, right? To have the Coinbase brand name so closely associated with a permissionless system could ultimately backfire, right? I think the pro side is, hey, Coinbase has long said we need to push people into more on -chain applications. That is sort of the true power of crypto. You don't need us. You can just interact with the chain. And that's a beautiful thing. But the flip side of that coin is anyone can interact with that chain. And that includes disastrous blow ups that we've seen on BNB chain and other chains across the world. So I think there is that potential brand risk that Coinbase could face. I want to know what David thinks about that. I mean, I don't know. The super app, I'll leave that to one side, but the idea of the brand risk involved in a decentralized platform, I think that what I hope for here is that things will go badly, you know, that like there will be bad stuff to happen because I don't hope for it. I just think it's inevitable. Classic David. He would. But the point is that you have to change the way that people perceive this. And Coinbase being involved in this is going to do that right where Coinbase is going to be out there telling the story that like, no, we genuinely don't control this. And that's why bad things are possible to happen. And there are other ways to treat this than like blaming it on us. We built the platform, but we're not the ones in charge. And that's real. And that's why the bad things are happening. So like it kind of makes a good point in a certain roundabout way. I think. Two bits of context for this before we go on to the next story I want to throw in there. One, Brian Armstrong, the CEO of Coinbase, did make an announcement yesterday on Twitter that Coinbase is going to actively integrate the Lightning network into its stack. For a long time, Bitcoiners have derided Coinbase, not only for listing tons of tokens on this exchange, but also for failure to integrate Lightning into the stack. Another story I think is important here is, of course, the ongoing deal with SEC and Coinbase in court that sparked off earlier in the spring and is ongoing. Coinbase's decision to move forward with a layer two stack and move forward with listing other tokens sort of shows you what they think about the entire case with the SEC. I'm sure the SEC has its own opinion on something like bald token launching on Coinbase's own product. But give it to you, Zach, for the next story. All right. I'll take the next story. Let's talk about some SAM coins, y 'all. Let's talk about SPF, FTX and Alameda and the interwoven connectedness of those three entities. As illustrated here in a nice report from a team that does social media analytics, they found that several Alameda linked coins, a .k .a. SAM coins, were pumped by Twitter bots immediately after their FTX listing. So anyway, this sort of shows the interwoven nature of FTX and Alameda, where some of the incentives weren't really properly aligned for those in the space, but were properly aligned for Alameda, the hedge fund, to make a lot of money on some pretty low float tokens that have historically not performed well at all. So that's the finding as presented here by this research report. I'm going to toss it straight to Danny for his thoughts. Danny, what do you think? Just another detail in an unwinding, unfolding saga or something new and substantive? Oh, I think this is not substantive at all, right? This is really just traders trying to take any indication of a pump, seize upon it, make some money, right? If you've got anything to do with FTX, anything linked to the FTX is going to go up just because it's in the news. And so that's what you see here. Because FTX is back in the news with this listing, any Alameda linked token, maybe that's Serum, maybe that's Saber, a whole bunch of different ones are out there, is going to go up just because there's more eyeballs on it. So I don't really think that this provides any long term value. It's really just a short term opportunity to make some money. David, what about you? What do you think on this? Well, my first question is we're showing a render chart there. Is render something that Alameda was big in? Anybody know? It's not. Anyway, that's a tangential question. But no, I think that my initial takeaway here is I think this is a good demonstration of the limits of artificial intelligence. If you've got Twitter bots or, you know, I guess you're talking about Twitter bots, but also if you're doing algorithmic trading and people are trading on the Twitter bots that are pumping this stuff, you know, maybe somebody will make some money off the pump, but a lot of people are also going to lose money because, you know, these bots don't necessarily understand the real world subtleties of everything that's going on. But also, yeah, I mean, I don't know. I don't know what to say about this, except that, yeah, it's the same as it ever was. People are playing stupid games and some people will win real prizes. But I mean, these the Alameda tokens in the sense of like FTT and the internal projects like, you know, those are those are dead. I think it's safe to say so. If you're if you're in those tokens, you're just gambling. I can't speak to why we had a render chart there, though. I was just going to say, like some of these allegations are not especially new, right? I think this was sort of an open secret, right? That Alameda was sort of trading its own book relative to FTS listings. And again, that sort of incestuous relationship between FTS and Alameda led ultimately to the downfall of both firms. Right. And I think this was something that existed for a while now that people have been talking about, at least in those some data to support support that, because, you know, you'd see, you know, Alameda major doing investments in early stage token projects, you know, getting those allocations. Somehow there would be a listing on FTS in short order, boosting those positions again. And now we're seeing that some of that was was aided seemingly by some Twitter bot activity. Will, toss it to you, though. Yeah, definitely. Just following up on what you're talking about there. I don't think it's a surprise to people at this point that there was absolutely zero firewall between Alameda Research and FTS, the fact that FTS was listing tokens and then immediately having already Alameda to be holding the bags or be pushing them on Twitter isn't surprising anyone. The Twitter bot campaigns, it's part of crypto, right? If if you're not familiar with that, well, now you are. If there's a token you're seeing on crypto Twitter that's, you know, being talked about, there's a lot of hashtags for it. Well, there's definitely a chance that someone has an interest in you purchasing that. And then perhaps I'm dumping on you later once they find it a good time. This is a pretty normal campaign. And for FTS Alameda to be engaged with this, I think just adds more power to the punch that although these allegations are not done yet, we still have to go to court. We still have to see how all that works out. There was a lot of slime and a lot of scammy tactics underneath Alameda and FTX in order to get more people in the door for these retail bags. I think it just kind of goes to the heart of the case that the SEC is bringing up right now as well. Right. The SEC is concerned about retail investors who are getting suckered into these games because they don't know what's going on. And the SEC's purview, they're probably unsophisticated. They see something online. They see it trending. They might purchase a little bit of it. And then a few days later, all the liquidity has been pulled out from it. And I think that's something that going back to ball token, we just saw, right? A lot of people want to purchase the ball token because it was trending on Twitter for a little bit. There was a lot of hype around it. But within a few days, all the liquidity was pulled from out from the project itself. And people went from a lot of money to no money very quickly while others profited on top of it. I think this just, again, goes to the problem with crypto and the problem with these off -seat exchanges that the SEC is trying to hammer down on top of. I think we've been fairly critical of the SEC and a lot of the times we've talked about them on hash. But in other instances, you look at stuff like this and you're thinking, oh, I kind of wish that a government regulator would come in here and hammer them a bit more so we wouldn't see more of this activity. It's kind of hard to put these two things together with like the libertarian strains within crypto and then also like the ways that we see people get harmed on the retail market. David? Yeah, just to follow up on my previous comments, I had somebody clarify for me that, yeah, this was listing non Alameda associated, non FTX associated tokens like render. And then, yeah, the Twitter bots were pumping it. So just to kind of repeat my previous point, like Twitter is not a great signal necessarily for long term investments. I guess let's put it that way. If you're willing to speed trade and get in and out and ride pumps and you know how to do that, I guess play the game. But but if you're looking for investment, investments, this is not the way to go because things like this happen all the time. Amen. Play stupid games, win stupid prizes.
Dove and Dragon Radio
Coca-Cola CEO Larry Thornton Reflects on Social Constructs and 'Too Syndrome'
"Let me first say that social construct was more of the culprit, and still is today, I think the culprit that is responsible for so much failure. How society speaks to, and about unspoken words, those unspoken messages that our culture sends to women, to ethnicities, to gender variance, educational status, housing status, sexual orientation, and we fall victim kind of inconspicuously to these, and it's up to us to change that, to reject that messaging and understand who we are. And I've had to take a lot, I'd say that just about any other ethnicity, other than white in this country, women, African Americans, we've walked a very interesting line. We have a very storied and sordid history and past. But if we do not allow that to define us, because of that circumstance, I would fail every year, summer school, ninth grade, 10th grade, 11th grade, I didn't even graduate with my class. I in graduated summer school. Had there been a category ML that would have identified anyone who was the most unlikely person to succeed at anything in life, my photograph would have been next to it. And so I look at some of the things to your earlier point that I get to do today, and I couldn't be more humbly grateful for those opportunities. And I hope that we'll get an opportunity to talk about, I don't know how much time we have, but to talk about the turning tide, what changed in my life, and I think your listeners will find it interesting. Well, please, in what changed, because everything about what you just said, we have so many people out there today that fall into that category. We are failing in the education system. We are failing in the housing situation. We are failing our citizens because of the social concept. So where would your turning point? Well, let me say this to you. There's a line in my book or a piece in the book that talks about the T -O -O syndrome. It's what I call it. We tend to close people out and we marginalize people because they are too something, too tall, too short, too black, too white, too yellow, too red, too dumb, too smart, too, too, too. And if the truth were known him okay, other people will get us to our destinies much more expeditiously than we can ourselves. And when we close people out, we close out all of those human resources that could otherwise get us to our end. But we're not necessarily aware of that. We don't relate very well. And I didn't, I fell victim to that. So in the 11th grade at all white Robert E. Lee, your entire purpose it seemed was to so position your schedule to take senior English from anybody other than this too mean T -O -O. There we go. Too mean. Ms. Nichols. Ms. Nichols, to give you some context, had retired from the military. She was a World War II veteran. So she's working on her second career. And I have Ms. Nichols for senior English, O -M -G, as they say around my McDonald's restaurant. How would I survive Ms. Nichols? And she lived up to her name immediately. Firm, stern, never heard of grading on a curve, not believing in makeup work, you either did it or you didn't. But Ms. Nichols assigned a book for me to read, ML. The name of the book was The Pilgrim's Progress. I was fascinated by this book written by John Bunyan, I believe. And the characters would act out the essence of their names, mercy, forgiveness, love, charity, kindness. And I think it tapped into my level of creativity. And Ms. Nichols placed a B -plus on my desk. She was shocked. I was shocked. But it was enough for her to know that there's something to this young man. And I'm going to do something about it. What a statement of paramount proportion and a message to all of us. Our accomplishments, our achievements, our great titles, and I have three or four, thank God. But they mean nothing if we can't make life better for somebody else.
AP News Radio
Blaney wins Coca-Cola 600 at Charlotte to end winless drought
"Ryan Blaney's 59 race winless streak came to an end Monday evening in The Rain delayed Coca-Cola 600 at Charlotte Motor Speedway. Blaney led 7 different times during NASCAR's longest race of the season staying up front for 163 laps and taking the checkered flag. Following behind him was William Byrne, who traded the lead with Blaney numerous times, but couldn't chase him down at the end of the race, finishing third was Martin Truex Junior. I'm Jerry Jordan.
AP News Radio
The Latest in Sports
"AP's sports and Mike Reeves, it was a frantic finish at the Indianapolis 500, our Tom McKay reports. Josef Newgarden used a one lap shootout to grab the lead from 2022 champ Marcus Ericsson to win the Indy 500. You know, I wasn't looking to take anyone else out of the race, but I was going to put my car on the line to win. And I was either going to win the race or I was going to end up in the wall. Newgarden driving for team owner Roger Penske survived a chaotic final 40 miles, which saw the race stop three times for Rex. Major League Baseball the rays win a wild one over the Dodgers in Tampa Bay, correspondent Steve Carney provides the details. The Tampa Bay Rays used a 7th inning RBI ground out by wander Franco to break a ten ten tie and defeat the Los Angeles Dodgers 11 to ten. Both starters got hit around as Gavin stone allowed 7 runs in two innings of work, while Josh Fleming allowed ten runs in 6 innings, including 5 home runs, Tampa Bay finishes at ten game home stands 7 and three, while the Dodgers complete their longest road trip of 2023 with a four and 6 Mark. The Yankees used a 7 run third inning to defeat the Padres ten to 7, Aaron judge and Harrison Bader hit home runs to support winning pitcher Garrett Cole, who is now 6 and zero. This was a good team win today for sure. I mean, being able to kind of subdue them through the middle innings and keep the momentum. I thought played in our favor, but it's just such a luxury to have the offense. Other winners on the diamond were the guardians Orioles tigers royals, Blue Jays, brewers, reds, rockies, Astros, Marlins, Diamondbacks, Mariners, and braves on the PGA Tour emiliano grillo wins the Charles Schwab challenge in a playoff against Adam chic. It was his first PGA Tour victory. It over 7 and a half years. So it was great. The way it was definitely worth it, it was long, but it was worth it. Steve stricker won the senior PGA Championship in a playoff over podrick Harrington, NASCAR's Coca-Cola 600 was postponed due to wet weather. I'm Mike Reeves AP sports.
Bet The Board
"coca" Discussed on Bet The Board
"Showed speed at mile and a half before, and he's a closer. He's a guy that late in the race. If you give him a chance to win, he's going to do it. And I do think that, you know, everyone calls him a hack. I call him Clutch. I like Bowman. I think if, you know, there's an argument to be made where you get 16 or 18 to one on him, I think now is a decent time to enter the market just because I do think he'll qualify well with that Hendrick stuff and he'll be around. He he can kind of he's a guy that also can kind of work his way back up to the field. He might not do it as fast as the five does, but he is able to do it kind of consistently. And those are the guys that I'm looking to bet on when it comes to this super long race where it's a battle of attrition. Now, Tyler Reddick, this price is kind of shocking. You know, if you were to tell me last year that you would get him at a price like this, you know, I'd be shocked. But you know what? He just hasn't shown form outside of just the road course this year. So this is definitely a high line track where you're kind of searching for for grip. And especially as the track changes, it's really important that you're able to find multiple grooves, whether it's the bottom or the top. And you're going to have to make your car both work at both bottom and the top, especially the transitions that the track is going to go through. When it's super hot and slick, you're probably going to migrate to the top. When it gets dark and cool, you're probably going to be right there on the bottom for a few laps. So if your car only works at one of those particular spots, it's really hard to maintain your track position. Tyler Reddick is great at searching. I do like Tyler Reddick a little bit at this 18 to one price. Bubba, I'll tell you what, if if he had he has speed in his car week in and week out, it's just he doesn't recover well. And, you know, just to go back to what I said earlier, you have to be able to recover in a 400 lap race. You have plenty of time to do it. You're not going to do it in one or two laps. It's going to be methodical, but you're going to have to do it. You have to compose yourself and Bubba just gets so upset that if ever he makes a mistake, he tends to really let that bother him. And I do think that there's speed there. He showed speed at Kansas. I know that this is a completely not a completely different animal, but I just think the longevity of the race really makes Bubba a little bit weaker than some of these other drivers, like an Alex Bowman or a Tyler Reddick. Hey, I mean, these are the kind of things you look for. And obviously it takes a different kind of disposition and maturity to win a race of this magnitude. That's why you don't take it lightly in terms of the pantheon of great race car drivers that can call themselves Coke 600 champions. Want to remind all of you are loyal listeners. You can follow Chris on Twitter at Chris Wormie 15. I'm Todd Furman. You can follow me there as well. Most importantly, follow the podcast at bet the board pod. And when we look at long shots, I mean, I should call this the Ford bucket of works, full of recent disappointments. Kevin Harvick, 20 to one, Ryan Blaney, 25 to one, Joey Logano priced the same way. Three names that you normally would grow accustomed to looking to try and make a case for given their merits and the resumes that they've been able to compile in the cup series over the years. But I look at Kevin Harvick, four straight finishes outside the top 10 before coming to Charlotte, Ryan Blaney for the last five races. He's finished outside the top 10 and was outside the top 10 at both Kansas and Vegas and then Joey Logano, Daytona, Atlanta, Martinsville, Richmond have been his best finishes this year. Those two short tracks, a little bit of hook and by crook to try and get there. Six to Kansas, but never showed a ton of race winning speed by any stretch of the imagination and we never got to see him at his full capacity at Vegas. Look, these are three guys that I think have to be extremely frustrated with the equipment that they're working with. But the reality of it is you can be a great race car driver. You're only as good as the race car you're bringing to the track. Yeah, this is one of those where. Man, right now it looks like, well, I'm probably not going to touch them because you think that Hendricks is going to qualify. Everyone will probably qualify in the top seven or eight. And I don't see either or any of these guys qualifying that well. However, these are great prices on really talented race car drivers. If for whatever reason, Ford or SHR or Penske hit on something, these are awesome payouts on these talented guys. Kevin Harvick. You know, he's the closer. He's a guy that will be there at the end. I kind of, I imagine he'll just run 10th kind of all day. He'll qualify maybe a little worse than that. He'll work his way up on the long runs, but his short run speed and some of his restarts just haven't been as competitive of some of these other teams. Man, I I'd like to think that the Kevin Harvick could kind of go out on top here at the Cope 600, but they got to find something it needs to click. And I think you're going to have to sacrifice a price here because it's, it's going to be obvious if Kevin Harvick or the Fords have found something. And, but at this point, I still think it's a gamble to say that they will. Um, that's why I kind of, I'm not out on these three, you know, if they all of a sudden show me something in practice, I think that there's, there's definitely going to be some value, but I like Harvick the most out of all of them. I just think he gets the most out of a race car, Ryan Blaney. I mean, this is usually a track where he'd be really good. You think there's a lot of on throttle time, not a ton of tire wear, like we see at some of the other mile and a half track. So, but still, you know, we haven't seen much out of them this year. And Joey Ligano, I mean, yeah, he has the Paul Wolf effect, which means he's probably one or two steps ahead of a lot of the other crew chiefs when it comes to strategy, but there's only so much you can do when you don't have speed in your race car. So until I see something out of them, I think that getting in at this point in the week is still a little bit of a gamble, and that's something that I am not interested in doing at all. Outside of the drivers that we've touched on already, is there anybody else who catches your eye in terms of a long shot price, or is this really going to be a race that we look at and go, hey, look, it's a separation of the haves and have nots. You either have elite equipment and you're able to put together very fast laps on mile and a half tracks, or is there somebody else that we should be at least focusing on, maybe from a matchup standpoint that we think are going to be matched up against second tier drivers or a guy that is a fringe top 10 or even a top five candidate? Well, I think that, you know, Daniel Suarez actually drove to the lead and led some laps last year. Um, you know, I don't know if this is a track that he just kind of likes the feel or his car,
Bet The Board
"coca" Discussed on Bet The Board
"You mentioned William Byron, and of course, his odds, not exactly long shot pricing by any stretch of the imagination, just a tick lower. When we talk about his recent form, the North Wilkes -Barrell race that he would just as soon forget as he finished well off the pace. But before that, four straight top ten finishes coming into the non points paying race, six top fives this year, seven top tens, a couple of wins, one in Vegas, third at Kansas. And we look at the 600 form for the 24 car, three straight top five starting positions in the race and his last three finishes. Not exactly the model of consistency, 32nd, fourth or 12th, but clearly 24 has shown plenty of speed week in, week out. Yeah, I think if you actually look at William Byron's history, you're actually not doing him very much justice because this year it's almost like this team has taken off. The other thing that I like about William Byron is and I think this is something that Ross Chastain actually doesn't understand quite yet is sometimes you don't have a race winning car and sometimes a fourth or fifth place finish is great for the season long, you know, championship. And that's another reason why I like William Byron is he's not going to put himself in a position to to maybe, you know, checkers or wreckers. That's just not his style. I think he'll take if he's got a third or fourth place car, he's happy finishing there. Obviously, these guys want to win. But if you look at, you know, a couple of weeks ago at Darlington, that's exactly what he was doing. And then what happens, you get the top two guys to wreck each other. And then he has to be a three legged donkey and Kevin Harvick and win the race. So I do like William Byron for his patience. And I think that anything that has HMS under the hood, that Hendrick, that Hendrick Power is is the real deal. And I think everyone is kind of chasing the five and twenty four. And I expect him to to kind of run up front all day. If he gets out to the front, you know, I think it might be hard for Kyle Larson to pass him. I do think it'll be it'll be a possibility. But, you know, if anyone's going to snooze this entire field, it's going to be the five or the twenty four. If we're going away from the HMS camp, clearly JGR is a force to be reckoned with as well. Denny Hamlin's price right around seven to one. And when you look at his recent form, just three top fives this season, five top tens overall. His average finish, though, at 12th this season, his second best in the series behind only Chase Elliott and Chase, obviously a much smaller sample size in the grand scheme of things. Denny wins Kansas on the last lap pass over Kyle Larson, finished 11th at Vegas. But we look at the 600. I mean, this is a guy who we know gets better as the race gets longer. The more he has a chance to tune his car and work through some of the issues that are there, there's no doubt the 11 very much a contender, at least on paper. Yeah, absolutely. I just think they're a tick off on speed. And he was the best car at Kansas. I fully believe that, you know, even though I was heavily invested in Larson there, I still think that Denny Hamlin had the best car. And, you know, then you kind of look to Darlington. And I know that Darlington is an exact replica, but he really usually is really good there. And for the fact the fact that he struggled a little bit at Darlington, I know that he mentioned on his podcast that they did have some damage to the car. But, you know, the car that I saw in practice was not anywhere as good as some of the other cars out on that track. I think that, you know, that they were not destined for that top five finish from, you know, the the one practice even going green. So I like Denny Hamlin. He's just a gritty guy. He's always going to be there at the end and a late race restart. He can always, you know, pull something, you know, pull the rabbit out of a hat. But he does make a lot of mistakes. And, you know, at seven to one, I don't know. He's going to make a mistake. It's just a matter of was it going to be in stage one, two, or is it going to be in stage three or even four? So I think, like I said, I don't see this price going anywhere. He could pull it. And I still think he's going to go off at seven to one. So I don't think there's any reason to get involved with him at this point in the week. Denny, probably not the only one in the JGR camp that'll have a chance to have a very good race car. Martin is Truex shown to be heating up a little bit before his 31st place, 31st place finish at Darlington that came after he messed up his car at the closest stage to five straight races, 11th or better before that, if we remove Daga, which we obviously always should. 292 of the 383 laps he's led this year came in the last three races before going to Wilkesboro. And we look at the 600 form best finish in the last three 600s was actually ninth in 2020. But he has shown capabilities to go out there and snooze the field. I have to imagine it's rinse and repeat when you're looking at the preweek odds for the 19. Yeah, listen, I think that when it comes to raw speed, I think that the 19 is probably the fastest Toyota. I think Denny's probably getting a little bit more out of his car than than Martin Truex Jr. But what we've seen with Truex is and we saw a little bit at Darlington is when he loses that track position, if he's out there leading a lot of laps and he was super fast out front, he when he lost track position, his was car not great in that disturbed air. And I don't know if they made the proper adjustments to help him work his way back through the field where Truex, I think, actually has a little bit better chance if maybe he starts maybe ninth, tenth or eleventh and is able to drive up through the field and understand the way that his car is going to act in that dirty air. So that way, if he does find himself losing track position in whatever capacity, they can actually adjust in that car and recover a little bit. I certainly think that this is going to be the fastest Toyota. It's just a matter of, you know, can can they stay out ahead of the track? I know that, you know, Martin and his crew chief definitely have an interesting, I guess, communication regimen when it's listening to the radio. And it's just a matter of can they stay ahead of the track? And if they do find themselves in trouble or they lose a little bit of track position, are they able to dig themselves out of that hole? They don't have adjustability in their car. You could see him kind of right around in 10th place. But if they do work in some adjustability, I think he can work his way back up to the front. Again, his price is not going anywhere, even if he, you know, pulls it and looks great in practice and qualifying. You know, Adam mentioned a driver who we know is been the model of consistency, unfortunately, just isn't getting the finishes there. That, of course, being Ross Chastain. You see him priced in a very similar range to a lot of other very talented drivers. Chastain 10 to one ish, Christopher Bell 10 to one as well. And Chase Elliott going into that same mix. Ross Chastain, look, he doesn't have a lot of history to go off of here So I think that's all relative. Christopher Bell hasn't shown race winning speed by any stretch of the imagination as a model of consistency in the two starts for JGR at the 600. He's finished fifth and 24th, picked up stage points last year with a very good driver rating, just shy of 100. And then Chase Elliott, recent form 12th or better in the five races since he's returned from
Bet The Board
"coca" Discussed on Bet The Board
"Jordan's heart as well to see the powder blue out there on essentially what amounts to his home track and home race there. As we start stage three, we obviously talk to Adam a little bit about the Indy 500. And I know you are a man of many talents and many disciplines. You've handicapped the Indy 500 extensively in the past. You find the sport to be as beatable as what it's been previously. Have you adjusted your handicapping? And quite frankly, do you have any plans to be invested for the greatest spectacle in motorsports Sunday afternoon before all I shift from IndyCar to the Cup Series? Well, I used to, but then I started this podcast and that takes up just a little bit more of my time. So here we go. Here we go. Let me take out my mini violin for you to play right now. And I'm sure all the listeners will be very sympathetic to your cause. No, I do. And it's not as much as I would say, like the Cup Series. It probably looks more like a cup card where I have just a couple of outrides, I think, provide a little bit of value and in entertainment. I love watching the Indy 500. I thought that going to the race last year, seeing the pageantry and, you know, kind of just everything that goes into this massive, massive event is is awesome to see. I recommend everyone go see it if you have a chance. But, you know, I like to wait till Carb Day. I think that that's usually the best indication. That'll be Friday when we get these cars. They're shaking them down for the race. Everyone kind of has, you know, they have an idea of what the forecast will be so they can kind of set up their cars more geared towards what it'll look like on Sunday. And I feel like that's usually the best indication of where these guys should pan out, you know, when the checkered flag drops. So we might even have some if if something kind of stands out from a matchup perspective, might be able to give that out on the at bet the board dot com or bet the board pod dot com. Yeah, exactly. We'll tweet it out. Hopefully we got something potentially in the crosshairs, maybe a little double dip on Sunday. I can't imagine we'll find anything to stumble into for Monica unless you want to lay thirteen dollars on Max Verstappen to lead every single lap.
Bet The Board
"coca" Discussed on Bet The Board
"To your sponsors. You can you can promote anything and anything you want here, Adam. Well, I'm not promoting them, but I was in there because I had an issue with an item I had purchased and I'm a customer service and I'm waiting for the manager and taking a little time and whatever. And and I had on it was the week of the Masters and I'm wearing like a Masters golf shirt. It's got the logo on it, right? And this man walks by and he's got a different color vest on. And it says like assistant manager. I'm like, oh, this this guy is going to be my lifeline, you know, and he reaches down in his vest and he pulls out his phone and he's like, I got some numbers for you here. And he's like, I like your shirt. And I said, thanks, you know. And and I'm like, well, he's going to tell me about what I think. He starts reading off his bets for the Masters to me. I guess what's happening here, like I thought I was going to get my new grill. I'm here and who's got money on when it comes to the tradition, unlike any other. So I guess what I'm saying is if you got a little money on it, you're going to follow it closely. And that's good for all of us. And a little John Ron exposure, hopefully, was one of the names that he rattled off of, he was able to cash an outright ticket there, to say the least. When we look to Memorial Day weekend, obviously one of the biggest race weekends across motorsport in general, we kick things off overseas with the Monaco Grand Prix. We obviously go into the Indy 500 and then we close with the Crown Jewel on NASCAR, the only race on the schedule that has three different stage breaks with the 600 mile marathon. You mentioned India and how close you've been to that sport. When you look at the Indy 500, you look at the Coke 600. How important is this race day on the calendar and what it means to you in general for how all the things fit together, Adam? Yeah, you know what? It is really big. And it's a great day for me just as a fan and to know that you've got it all to wall. And it's always great when you go out to the Charlotte Motor Speedway for the Coke 600 and the buzz starts building mid afternoon because the Indy 500 is finishing. And even though this is the foundation of what our sport is all about in NASCAR, you can't help but keep one eye on what's happening at Indy because typically there's a great finish and it's going to be, you know, a huge part of the equation. When you talk about motorsports at the water cooler on Monday, you want to know what happens there. And so everybody's got one eye on what's coming up at Charlotte. But you also have one eye on what's finishing in Indianapolis. And, you know, you had said it, but we've had it before. And we'll have it again next year with Kyle Larson. Any time a driver is doing the double, what's happening in Indy obviously takes on added significance because you're so curious about what someone can do there before they come to Charlotte and run the 600 miles. So the magnitude of that day as a race fan is enormous. I think the one thing that, you know, Chris and I have talked about at great lengths, when you hear some of the iconic names in F1 that have tried driving stock cars and going sight unseen into driving with some of the best in NASCAR, whether it's Jensen Button or Kimi Riken and how they talk about how difficult the transition is. So as a NASCAR fan, selfishly, I think we'd love nothing more than to see Kyle Larson go out there and be able to dump as much whole milk on his head in victory lane as humanly possible since he can race anything and everything out there. We know he will definitely be prepared. But Chris, before we let Adam go, I wasn't sure if there are any other questions. You wanted to pick a winner for the 600 or anything along those lines. Well, yeah, last year, I actually, Adam, I had a chance to do the double. So I went to the Indy 500 and had a friend help me out, getting me to to Charlotte. And I'll just I wanted to always do the 500. It was like I just want to do the pageantry. I needed to do it. But I'll tell you what, when I when I got to to Charlotte Motor Speedway and to just see kind of, you know, you know, side by side racing, I was like, oh, I love this. And I don't want to necessarily go for a pick for the 600. I'm just kind of curious. I'm kind of curious who you think could compete with this five and 24, those two cars at this point. You know, I know that there's going to be a lot of changes that happen throughout the summer, the heat and some of these other tracks where we don't have a lot of history. I'm just curious what teams or they're going to be drivers are going to step up because right now it looks like it's the five, the 24 is a tick behind. And then everybody else is, you know, kind of just vying for third. I would say keep an eye on one. I feel like Ross Chastain, regardless of what kind of track we go to, is competitive and obviously has been consistent. He's leading the overall points right now, even though he's not been able to win. The Fords have struggled. And I have concerns about that organization right now. But I would say, you know, don't write off yet. The guys from Joe Gibbs Racing and Toyota as a whole. North Wilkesboro, forget about it. I mean, they were second and third at 2311 and Ty Gibbs, you know, did find his way in from the open and got a top 10 finish. But if you go back to our last mile and a half race, Martin Truex Jr. was outstanding early. You know, Denny Hamlin obviously closes another top five for Bubba Wallace. I have tremendous faith in Tyler Reddick and not just as a driver. And he's got a great average finish in the Coke 600. But when we get into this road course portion of the season this summer, he's going to be someone you have to deal with. So if I'm betting this weekend, even though it might not be a good return on my investment, I would put money on the five and the 24. But but I think you have to really keep an eye on what's happening, not only with Ross Chastain, but that Toyota group to me. This is their time of year when they typically turn it up. And I would anticipate you'll see see some of that, especially with it being a mile and a half this weekend. Hi, I'm Ali Raisman. I've been living with migraine for a while. As an athlete and gymnast, I was taught to just power through the pain. Now I use Ubrelvy or Ubros Japan to treat my migraine attacks. As soon as I feel a migraine attack, I take Ubrelvy, which provides me with quick relief. Once I get relief, I go on with my day. I'm partnering with Ubrelvy to share my migraine story. Ubrelvy quickly stops migraine in its tracks within two hours without worrying where you are. Most people had pain relief and some even had pain freedom within two hours. Ubrelvy treats migraine attacks in adults and is not for prevention. It's available by prescription only. Do not take with strong CYP3A4 inhibitors or if allergic to Ubrelvy. Allergic reactions
Bet The Board
"coca" Discussed on Bet The Board
"There are many that are like, what are we doing? But again, it's been a good promotable event. And I thought the racing we had there on Easter this year was a, was an enormous upgrade over what we saw last year, which is a step in the right direction to make that event something that could stick around or have a place on the calendar, maybe every other year in the future, the clash. Now the all -star race at North Wilkes -Barre. I do believe the door is open and NASCAR's vision is growing wider and much more into the future when it comes to the opportunities that exist, whether they're here in the States or maybe doing something overseas. And I would say that the tracks you should have on your radar, Nashville's Fairgrounds Speedway is a place that everyone has circled. And I believe all anticipate the money is going to be there to go in and renovate that place, upgrade it the way it needs to be upgraded. So at the very least you could go there and run an all -star race, but I think the long -term plan would be to make that a permanent stop on the calendar so that you can go there and run a points paying race. We know what's happening in Chicago on the street course. That's a big, big wild card, but if that goes well at all, there are going to be a lot of cities around the country. They're like, wait a minute, we don't have to build a racetrack. We don't have to spend millions, maybe a billion bucks to get all this infrastructure and parking and everything that comes with that. All we got to do is rework the city for, you know, a couple of weeks and now we've got a racetrack that can host NASCAR. So that's a big one to see how that goes and what doors that opens down the road. But I really feel like NASCAR is as open -minded now and out of the boxes they've ever been about trying new things. And a lot of that is because they bought themselves grace with some of the items I've talked about that they've done in recent years and how successful they've been. Well, I mean, Adam, you mentioned this Chicago street course, and I think when you look at that from a NASCAR standpoint, do you think the success of that weekend will be graded more on the carnival atmosphere and some of the musical performances and everything that's going into it more so than the actual on track racing product that we're going to see? Speaking candidly for Chris and I, when we look at it and try and figure out exactly what it's going to mean for us, selfishly as sports betters, we're not expecting the best racing product by any stretch of the imagination. You look at the configuration. I mean, I'm a Chicagoland native and I've driven some of those areas and I'm going, where the hell are the passing zones going to come from there? And we're actually going through it on a different scope out here in Vegas right now with the repaving that's taking place for the much anticipated F1 race that'll be out here in November. And I've driven these areas in Las Vegas going, you know what, this may be great from a spectacle standpoint, but I'm not quite sure if it's going to be single file conveyor belt type racing where there's going to be opportunities for true bumping and banging. I think there's a couple of ways to look at that and how you measure success if you're NASCAR and how you measure success if you're a race fan might be a little bit of two different things. And I'm not here to suggest that NASCAR doesn't want to satisfy the fan and send everybody home happy or give you a good experience if you're watching on television. But the one thing I would say is NASCAR continues to go through the growth process. You have to get to new markets. You know, I go to last year and they go to St. Louis and that's a racetrack at Gateway Worldwide Technology that over the years was a, you know, it was a facility that wasn't on par with some of the others. Now they've made tremendous upgrades and got it ready to host a cup race, but I felt like that venue being added to the schedule last year was more about the market than it was the track itself. You go there and it was an event. They did a great job with concerts and everything that went around the race to enhance the experience for all the race fans. So that is big. And that will be a key element in what will help measure the success level of what we see in Chicago. And we saw it at the Clash too. And I love a short track and you know, what they did with the LA Coliseum and turning it into a quarter mile racetrack was amazing. But what also made that weekend a success is the fact that they had the concerts and everything was right there and the fan got more than just their ticket to come in and watch the guys compete on the track. So I do believe it is the atmosphere around, maybe not as much, but right up near the top of being as much as it is about what you see on track and how the drivers race when the green flag goes in the air. So I want to kind of stay on the, you can't make everybody happy, you know, whether it's with the on track product or, you know, some of the festivities that you can partake in, you know, uh, the who's the, there was a, uh, a producer on yesterday or on door bumper clear. It was Artie. Is that who Artie Kipner? Yeah. And that was, I thought that was fascinating to hear his side of the broadcast because he kind of peeled back the curtain a little bit and, you know, it selfishly as a sports better. And I like predictability. I want to see long green flag runs, you know, um, you know, in, in some fans want to see a lot of wrecks, you know, as someone up there in the booth, what's kind of the best race for you to see, because I guarantee you don't want to see all the long green flag runs. You want to have something mix it up, but then also you don't want to have a silly. So I was just kind of curious. What's like an ideal race for you to, uh, you know, be in the booth and comment on. Some of that might depend on what kind of track we're racing at. You know, I, I look at the Xonatown and the racing typically sells itself, even though, you know, you're probably going to get a big wreck at some point, the big wrecks there, what
The Final Lap
"coca" Discussed on The Final Lap
"So, yeah, I'm glad that it wasn't worse than it was, but they will be adding additional right side door supports, where obviously on Larson's car, the right side, you know, rail bars were just like shoved in all the way. And when he got t boned by Ryan Priest at Talladega. So that I had never seen that word that NASCAR used. So I called them door supports. What did they call them? Some weird. I have no idea. I never heard of the word. OK, so I changed it. Interesting. It's probably some engineering term that nobody really knows on the. Got to be. Yeah. Let me find it real quick. The word is right side bar gussets. Gussets. Yeah, I think Bozie has been calling them gussets. And I'm assuming that they're like these corner pieces that into go the the the, you know, the lattice work, I guess, of the roll cage. Yeah. And it kind of keeps stiffens it up more. So it doesn't doesn't, you know, pop in on impact like that. So, hey, what do we call these? How about gussets? So that will be changed. And of course, the front clips of the cars, the V brace in the front of the thing has been removed to reduce the stiffness of the front clip of the car as well, because as we know, the rear clips were really stiff last year, which was causing the concussions and the stuff we were seeing and those very minor looking rear end accidents. Well, the front ends were still just as stiff. They just hadn't really addressed it because there was no need to yet. Well, now when a car pretty much knifes through another one, probably a good time to address that. So that will also be adjusted in the front clips. And the cars will be a little less stiff as well, which should help alleviate all these issues. Guys, guys. Yes. NASCAR Cup Series next gen car. I'm here in Ohio and I'm inside a warehouse and they said they're going to test something on me. I'm not sure what. Well, what? I hate to break it to you, buddy. This is going to be a bad day for you. Why? What's going to happen? I love being a NASCAR Cup Series car. Well, you're going to love being a show car after this. What? Why? Why is that wall right in front of me? What are they going to do? They're going to. Well. It's why? Why am I attached to a catapult? Oh, they haven't had the button yet. Why are you still here? Button. That is an unfortunate situation that has unfolded in the final half weekly, the next gen car in Ohio. Yeah, has been destroyed. So I guess they crash in Ohio, by the way, they live tested, crash tested right here on the show. But why were why was he in Ohio? I don't know. That's what it says here. Wednesday and Thursday, crash test facility in Ohio. They couldn't just crash it somewhere closer. No, had to be Ohio. OK, I mean, it makes sense if you ever been to Ohio, I guess. And we just lost the whole state. We're joking. We kid because we care, guys. Texas is much better. I'm from there, too. It's OK. It's all right. So there we go. Those are the two major headlines heading into the Coca -Cola 600. Rowdy is Dragon is waiting in the wings. He wants to talk, so take it away. Rowdy Dragon with your fantasy NASCAR picks for the Coca -Cola 600. Hey, everybody. How are you doing today? Rowdy Dragon here. Just going to pop my head in real quick to get you some fantasy picks dial in for this weekend at Charlotte Motor Speedway. We don't have any updates for you, so let's just jump right on into the picks for this week. Now we've reached the midpoint of the season. It's about that time to evaluate your team. If you've got, say, five or more uses left for each of your drivers, you're doing well. So for now, we'll stick with the top tier picks and we'll start looking a little deeper in the field as we go through the season now and our driver picks start winding down. So looking at this week's first pick, I'm going with the one car of Ross Chastain. He's got five races running the track with an average finish of twenty six point five. He has zero top five or top ten finishes and has led 153 laps over his career at the track. No wins as of yet. Looking at his stage point picture, he has collected stage points in two stages out of 14 tries. Still has yet to get a stage win. Looking at Ross's overall career stats doesn't show much there. Pretty lackluster. But what caught my eye is his loop data stats for the last time we raced here at Charlotte. Chastain had the highest average running position at four point three eight, as well as topping the list with the best driver rating with a one twenty one point three on the day. He showed good long run speed as he topped the charts as the fastest driver late in a run, as well as leading the list with the most fastest laps on the day. He ranked eighth in green flag speed while running in the top 15 for 92 percent of the race, also leading the field in laps lead. It's a long race Sunday. If Ross can keep it clean, he should be a ringer for a top ten finish. All right. A second guy to look at for this weekend is the 11 car Denny Hamlin. This year on high speed, one and a half mile tracks, Hamlin raced his way to Victory Lane at Kansas, where he had the best total speed ranking, a three point six average running position, and he led 34 laps on the day at Las Vegas. He was a front runner until a late caution finishing P11 on the day. Now, Charlotte is a great track for Denny over the last three races. He has an average finish of three point three. In the last race, Denny had the second best average run position of seven point three, also coming home with the second best driver rating on the day at one 14 .9 while running in the top 15 for 96 .4 percent of the race and brought home the checkered flag for his team. So look for Denny to be a front runner on Sunday. Now, our final driver pick for this week is the 45 car Tyler Reddick. He's got four races run at the track with an average finish of nine point three. No top five finishes. And he has one top ten finish finishing up there in 75 percent of his runs. Tyler Reddick has 25 laps led at the track and has
The Final Lap
"coca" Discussed on The Final Lap
"Talk about all things NASCAR. My name is Kerry Murphy. I'm a longtime host of all things. The final app co -host of the show is Toby Christie, founder and editor in chief at Toby Christie dot com. Yes. And before we get to the show, Kerry, we've got to thank the people who sponsor this show. Oh, I forgot about that. Do we have to rewind or anything? No, we can just do it right now. Oh, yeah, because, you know, we're the bosses. That's right. We can do anything we want to do. Let's do it now. Our sponsors are cool with that. So, yeah, let's go through this. We've got some awesome people who contribute to this show. How about the guy who was the first one to jump on and say, you know what? I'm going to sponsor this thing. Joe Bike, first guy to jump on. First guy to jump on the bike, so to speak. So there he is at the only a mattress giant level two. Thank you, Joe. We've also got Louisville Max over there at the ultimate final appers tier. We've got some shirts going out to him. I think we're going to sneak in. I don't. It hasn't known about this yet. I think we're going to sneak in a TFL and a T .C. shirt for that guy. I don't even have one of those. I know we're going to have to get a package out to you, I think. So we're going to do that. So thank you, Louisville Max as well. And of course, Devin, our latest patron that has popped into the sponsorship tier, the only at Mattress Giant level tier as well. Thank you, Devin. Thank you, Louisville Max. And thank you, Joe Bike. Let's get in the show, Kerry. Yeah, let's do it. All Star Racing Cup series action going down at someplace called the North Wilkesboro Speedway. I haven't heard of it. Yeah, it's been a while. So I think it stretches beyond before you were following the sport. Well, that six was the last last NASCAR Cup and truck series races there. It's crazy. It was. So I was there and I've got to say it was really, really cool to just kind of take in everything there because they left a lot of stuff intact the way it used to be really because it looks so modern on TV. Yeah. So they did a good job. So they did a good job modernizing what needed to be modernized, but they left a lot of stuff kind of close enough to the original. And if they did kind of do over things, they kind of kept it retro where it looked faded and stuff, even though it wasn't. Yeah, they did a really good job and it looked really, really cool. It just felt really cool to be there as a kid that was watching NASCAR last time they were there on TV to be walking in the track. I remember seeing so vividly when I was on TV, like on TV when I was younger. It was really, really cool to to be a part of. And energy the at this track, Kerry, was it was electric all weekend. There were so many people. The truck series had so many people in attendance for that race. I don't know the last time we saw a truck race stands that packed. I mean, it was it was just wild. How many people were there for the truck series race and then that transferred over to the Cup series All -Star race day. And it was insane. I mean, we went out through the concourse and the midway was so packed. I had not seen a midway that packed for so long. We had a report from Davey Siegel, by the way, who was on call in case you somehow weren't able to do this by way of jury duty. He told me that he went out to the Kevin Harvick Holler just to kind of see how diecast prices and stuff were looking and see how things are going. They had the 29 diecast there. The special paint scheme was already and diecast at the track. Wow. And they had sold out. And it was like two hundred and fifty bucks for the autographed one. Yeah, it sold out. So it was impressive. I'm telling you, it was something to see. We went to the tweet up. And I joke at not at all that this was literally one hundred and fifty, possibly 200 people at Jeff Gluck's tweet up. I mean, it was it was packed. It was insane. That's cool. Insane. It was so cool. It was so awesome to put faces to these people. We talked to on Twitter all the time. I hadn't been to tweet up in a while, but I talked to Jeff about it. And he was like, dude, I have not seen one this bid ever. Daytona 500 wasn't even close to this. I mean, it was just crazy. Wow. Wonder why it was nuts. I'm just there was just people wanting to be there. We met people from New York that drove down that were just there to be there. They didn't have tickets. They just want to be in the stands and hang out. So that's what they were doing. So it was like, wow. And in order to get the truck series ticket, you had to have gone all days. Like it was literally an all weekend package. So if you didn't buy the whole weekend, you can get in. So they were just there to take in the ambiance. And they said they were going to the Coke 600 this week, but they just wanted to kind of be there. They just wanted to say they were there. So it was really cool. I mean, it was truly something special. I know we're going to kind of get into the All -Star main event and how lackluster the product ended up being. But the entire week as a whole, I want the takeaway to be how cool it was to see this track one back and two to see the people coming out to support it as much as they did. It was incredible. It was so cool to see. Well, that's really good to hear, because like you said, the product needs some help. But the I'm glad to hear that the atmosphere was good, that the track did their their best to make it, you know, welcoming and accommodating and modern and all that stuff. So that's very cool. With the small turnaround time they had, it was only eight months that they had to try to turn this thing into a dormant, just destroyed racetrack into a usable facility. I can't
Gastropod
"coca" Discussed on Gastropod
"Money by not spending it on water or paying market rates for their sweetener or investing in infrastructure, but they didn't just sit on that pile of cash. They used it to grow even bigger by almost inventing mass market advertising. You don't get an advertising budget like that. If you're spending money on other things, the fact that they can plaster their name on almost everything and spend so much money on posters and Super Bowl commercials and everything else is because they keep that overhead cost down. Plastering their name all over everything has been a Coke strategy from the start. As early as 1894 they were painting Coca-Cola's logo all over the side of buildings. Later on, Coke's boss commissioned a huge study of national traffic patterns to find the busiest intersections in America in order to put up billboards there. Coca-Cola ended up with the most billboards of any company in the country. Coca-Cola also basically invented the concept of national merch. In the mid 1910s, they spent more than a $1 million every year on all sorts of crap to get people to notice them. They made calendars and serving trays and playing cards. There were painted drinking glasses. They also branded the American built environment by giving out Coke awnings and signs and decor first to soda fountains and then to small groceries and diners all across America, and that's before we get to all their TV ads.
Gastropod
"coca" Discussed on Gastropod
"Is something else entirely. Coke's secret formula is not what it did, but what it didn't do, you know? I think it's staying out of the business of owning things. They became quite religious. At some point in their history, in recognizing that the best way to generate the most amount of money was by staying at kind of arm's length from the actual process of manufacturing the sugar owning the decaffeination plants, even the bottling. Honestly, it seems like from the beginning, this was the Coke way. Like we said, keeping its own costs super low by only shipping syrup and having the soda fountains add the sparkling water was one of the real keys to its early success. Yeah, I mean, you know, look, 80% of the finished product was essentially water. You know, if you look back even at the beginning of this drink, it's a little bit of syrup, a lot of water. Which Coke didn't pay for. And then once Coke started bottling soda instead of selling it at fountain shops, well, Coke didn't actually do the bottling either. They worked with independent bottling facilities all around the country that basically only existed to bottle Coca-Cola. The bottlers are the one in my story who take a great deal of risk. These are independent bottlers who for most of the history were the people who made Coca-Cola work. They paid for the gas. They paid for the trucks they paid for the, you know, the water, which is 80% of what Coca-Cola's finished product is. Basically, these independent butlers made the investments and took on the risks that allowed Coca-Cola to expand across the country without increasing its own overhead. Sweet deal. Another sweet deal was the fact that Coke didn't have to worry about purifying the water. That would have been a major cost, but in the late 1800s, early 1900s, the government began to take that on.
Gastropod
"coca" Discussed on Gastropod
"The coca and John pemberton's original drink came all the way from South America. Comes from the coca shrub that grows particularly well in the Andes. It was consumed in part because it gave folks vigor, gave them a kind of ability to deal with altitude sickness and to deal with long treks in the mountains. This is still common today, either to chew the coca leaf or make tea out of it. I drank coca leaf tea regularly when I was in Peru to try to deal with how the altitude was making me feel. It tasted kind of green and herbal and it probably helped, but also I didn't feel any particular energy or lift from the coca. Pemberton note realized at that time and people did at that time that there was a big difference between purified cocaine powder that you might snort or something like that. And the cochlea leaf, which has, you know, this is just a very small amount of this these alkaloids, and when consumed in a tea, it's not going to, I often argue with my students, I said, you're going to get more affected by drinking espresso from Starbucks than you would from having coca tea. But Europeans, once they came across the coca leaf, they figured out how to extract and purify the active ingredient, the cocaine. And they went wild for it. In the 1880s, like Cola nuts, cocaine was all the rage. Everyone's favorite psychologist Freud loved it. He thought it was a magical substance that really helped with feelings of depression and lethargy. He wrote a whole treatise about it, Uber coca. Of course there was the vin mariani we mentioned and how much the Pope loved his cocaine spiked wine, and in the Sherlock Holmes stories, Arthur Conan Doyle has Sherlock regularly using cocaine to stimulate his brain. He injected himself with something called a 7% solution. That was something doctors usually injected in real life. Doctors were having a blast experimenting with cocaine. It was popular as a topical anesthetic for eye surgery, which is kind of a terrifying idea, but probably worked. Pemberton first heard about it when he read a report from the 78 year old head of the British medical society, who, apparently, chewed coca leaves, and then climbed a mountain and didn't even need lunch afterwards. This wonder drug sounds pretty awesome, and unlike today, cocaine was really easy to get a hold of. There was no federal laws in the late 19th century or early 1900s that banned either the consumption sale or importation of coca leaves in the United States. It was recognized that this was at a medicinal product. And a lot of different people were using it. John pemberton always used coca leaves to make Coca-Cola not purified cocaine, but coca leaves obviously still do contain some cocaine, so like we said, the original formula did contain a small amount of cocaine. But as you probably already assumed, there's no actual cocaine in Coke today, so what happened? The U.S. did ban cocaine in 1914, but even before that, the head of Coca-Cola, a guy named asa candler, he already had the idea to take the drug out of his popular soda. At the time, more and more poor people were using cocaine to help them work long hours with the not enough to eat. And in a lot of the U.S.,
Gastropod
"coca" Discussed on Gastropod
"Coca-Cola, you'd have gotten as much caffeine as you'd get in a cup of strong coffee today. Bad plus what, as far as historians can tell, was about a tenth of a line of cocaine. Sounds like quite a drink. The only problem, at least as far as the baby Coca-Cola Company was concerned, is that colonized had to be imported all the way from Africa, and they were really freaking expensive. So the company needed to find other sources of caffeine to keep up with the demand. The first place The Coca-Cola Company turned to for a cheaper caffeine was the sweepings from the floor of factories that dried tea leaves. You couldn't sell those tea sweepings for tea, so chemical companies bought them and extracted the caffeine and sold it to Coke, which was a win win until the teabag came along. In the 1950s, tea companies began gathering up their own sweepings and putting them in these newly invented sachets and Coke was out of luck. By the mid 1950s though, decaf coffee really takes off, decaf coffee wasn't a big thing in the early part of the 20th century, and Coca-Cola realizes that, wow, that's a huge opportunity if you've ever wondered where all that caffeine goes. That's being taken out of decaf coffee, it went to Coca-Cola and the soft drink industry. And it was actually the Maxwell House brands owned by general foods that were a big supplier to Coca-Cola. Problem solved.
V103
"coca" Discussed on V103
"With Coca Cola. Wherever you're going this week, don't forget to grab an ice cold, refreshing Coca Cola from 7 11. Here's another classic moment from the sweat hotel. How this keeps sweat. Oh, my speaking to this idea, Asia. You remember me, right? I remember you. You remember me? Okay. How do I remember you? Where do I remember you from baby? I told you pictures of me already. Okay, baby, I remember how you doing, baby? Okay, Now you remember how you doing? I'm good. How's everything with you? I'm fine. Of course. We'll call you like last time, but I couldn't because I went to a concert. Okay. Well, how was the concert advisor and come back home until three. In the morning? Okay. We asked me to call you that, but it got late, so I wanted to show and came back. Okay. Well, what can I do for you tonight? Asia? I have a confession. You already know? Yes, I think I do owe you remember. Remember your confession, baby. I've been thinking about you. Really? You've been thinking about me. Yeah. What thoughts have you had? Well, every time I think about these are the two songs I always listened to and reminds. It reminds me of you. Okay? What song is that? All those baby One is keep licensed. AnAnd, It's kissing you. Okay? And the other one is straight, expensive Tender kisses. Okay, Well, let me see if I can get one of those on for you tonight. Okay, So you want to play it for me? I'll do that for you. Okay? Okay. Bye. Bye. Gary. Listen to the sweat Hotel Sunday through Friday Pips and more summer of soul Now playing in theaters and on Hulu. Alright, Come on, Steve, introduce J. Anthony Brown so he can murder another hit year. You know, I used to gladly introduce him, but I've started.
NASCAR America
"coca" Discussed on NASCAR America
"They got to me. I love. I love every moment the cameraman on the far right. There's my cameraman. Kevin and allies like a talk to our producer. Trevor and i'm like down there and get him after like twenty minutes and the scene played al and the answer was rightly know. Let let it play out. What an incredible scene and it never gets old watching it. And you're happy for everybody. You know mike chang and elliott obviously but the fans just soaked it in. That was the amazing thing to me. And i kept telling the television. Nobody's leaving nobody's leaving. I mean this was thirty minutes. Forty five minutes afterwards even known as victory lap. Nobody left and it just was incredible. I mean it had the the palpable sense. And i don't know if it had the same thing for you and the various hugging jim meyer in the in the media's internet but you just knew you're watching history and the fans knew they were watching history and for me when it reminds me the most marty was probably two thousand five brickyard four hundred when tony stewart finally broke through them one indianapolis motor speedway his hometown track and the same sense of history. Sort of took over at the end of that raised. I think happened. Sunday with alia was closing on the checkered flag and jeff. I love to get your perspective. You've raised at the brickyard for years. And what morning. Just said i think is really true. The fans appreciate racing at the speedway. I think in a different way than a lot of other racetracks for you go to a lot of nascar tracks and i feel like you have your fan base. Is there cheering for different drivers with indianapolis motor speedway almost feel like the fan base cheers for the story. Lines are cheers more the race itself. I agree.
NASCAR America
"coca" Discussed on NASCAR America
"And that's you know that's what makes good crew chiefs better. Right is the work in the effort but clearly it's working for you guys. Why has it happened so quickly with you and call i think. Naturally he came in with the years under his belt cup experience with everything that kind of took place with his twenty twenty season In let him go kind of pursue a passion that he hadn't erasing and kind of rejuvenate is drives To come back to nas cards earned his way back to nascar In go you know do all the right things at other right arts to compete at a high level every week. so his mindset's in a great place Obviously his skills are razor sharp. You proves that might lead of when he goes to the race all over the country and certainly in the cup series our team. We've been through a lot. The last few seasons certainly had some ups and downs. The last few seasons on the forty eight with a with jimmy. And and that was kind of the process of inter motorsports getting itself built back to germany to be And of course eight. We didn't close out. Some of the good runs that we had gone with jimmy So we kinda got seasoned along the way and we learned how to deal with adversity We learned how to you know app or finish a week before or something crazy happens bad luck and input another fast car on the racetrack. So now Through that kind of process of meath. We've learned how to kind of o'hanlon on what we need to do to prepare fast race cars every week. very thank all the guys here at the shop. They do such a great job. All the folks motor sports So i think there's a lot of different factors from kyle seidman from our side on the team that The timing of this just worked out really well cliff obviously on what hand things really couldn't go better through fifteen races. I think you guys have a clear championship favorites. You got two victories. But on the other hand kyle was on the show a couple of weeks ago and he said that we probably have four victories. If things had fallen right when you look back at their twenty twenty one so far four runner up finishes yet three in a row. Coming into the six hundred victory could have won the daytona road. Course race i do. You allow yourself to think at all like if this wasn't the first year together you guys might even have. I don't know four or five or six victories. If you were seems like there's a little bit of an acclimation process allow yourself to think about what could have been. Is that some of that circumstantial. How do you look at all that. Yeah i think that's a great question in really we've done So daytona recourse. You know we were the first running card that had the freshest ours at the end Spun out inside of kurt. Busch socal and i learned how to communicate to him who's pressuring him from behind knowing how many laps are left so that he doesn't feel so pressured in that situation to force himself into a mistake. led the most laps in atlanta. Got past late in the race lead. The most laps of kansas got asked late in the race at two speeding penalties at phoenix and You know came from the back pass. A lot of cars got back up into the top five So so the theme and to answer your question is every week after. He had a challenge. So beat face where. We didn't capitalize on the strong performance that we had a. We came back on monday morning. We both looked in the mirror. They're certainly things that i needed to do better to help them. Execute raised. There's things we don't. The car communication all the little up just a finesse and via the nuance that goes into making our cars fast and executing a good race i had to learn and improve the at to work on a few things with with the team but for the most team the strong and then kyle wanted to understand how to communicate through things that he could do better so we didn't waste each time and looking in the mirror making sure we learned from the mistakes that are going to be inevitable with any new pairing of a driver and crunchy of a coach player. Argument to say it in a competitive sport So you know facing those challenges learning from them I think really set us up for what we saw at charlotte the other night where thankfully we had a fast car. Kyle made a lot of you know well time moves on the track to you know have good injuries and impasse when he needed to We did you know. Fortunately keep up with a car throughout the night. We had to make some adjustments at the end and things came together. Where all those lessons that we've learned You know king to pay off. And now i think hopefully that that cadence amount rhythm of doing for the justice whereas the end they were right. I ain't off.
Trill MBA Show - For Black Women Surviving Corporate America
"coca" Discussed on Trill MBA Show - For Black Women Surviving Corporate America
"Volunteerism. The people of our company can help create the changes our communities needs. We can all play a role and make a difference so you may have a protest. This what i heard was this- proud legacy of advancing civil rights guests. You not talking about that. Two thousand discrimination lawsuit cook settles. 'cause now is sales when a racism plays the best so then evening after. I did the good check. 'cause i was like does don't feel this feels like coded language to tell me how can react in what i can. Do you know giving me the bounds of parameters. 'cause i'm a coke employees so i emailed him bang. Msa i knew to the coca cola company. I love my experience manager. Hearing is definitely one of the top three best managers my career. That's i joined in october. Senior brand manager for cca sparkling i'm in frisco seagram's cna mixing strategy and spirits partnerships prior to joining the coca cola company. I worked for kane name. These companies things mama for this organization will not allow me to ignore or be indifferent to the communication below on sending this note in the spirit of our leadership framework specifically be the roma leaning into the following pillars one building an environment of trust and safety assume positive intent in everyone create an environment. Where okay for someone to be. Imperfect be approachable and empathetic understand. The power of your words encourage people to take smart risk and have their backs if they fail. Help them learn and make it better next time in to seek the right outcome. Not the comfortable be courageous. Make the tough decisions required for the long term sustainable growth speak up and help the business make informed choice camel your energy into positive momentum. Progress don't let bottlenecks bureaucracy or failure. Stop you help. People make effective decisions without delay. Not also wonderful review. The leadership framework is really. Don't apply but okay. It's aspirational then. I wrote know in my heart that email below was sent with the best of intentions in a small way. I appreciate that you did not remain silent. After week of silence at enright the apart i was thinking with that said as a black woman. This message was painful to read. It's so painful. That i cannot in this moment articulate this pain in a way that would be productive impactful in her. My proposed solution with our leadership behaviors in mind connect with reverse mentors one black woman and women black man hold a couple of safe-space meetings with complete iran honesty to have a dialogue and allow us to explain why people specifically black people will be offended by the below email. I'm happy to serve as mentors. I would also like to nominate a name. Moco works that this was wrong because Dissent him afterwards. Billy elliot. Just throw your name of being And i said. I also understand that you may be more comfortable with other colleagues in what you have close. Relationships might only hope is that you have the real conversation as to why the below emails impact does not match its intention. We are all humans doing our best. I am happy to help in serving everywhere. I can sincerely felicia an roseola. Millicent when i tell you that is master flea rate was very proud piece work but i knew i was.
600 WREC
"coca" Discussed on 600 WREC
"And so they adopt these things, because in reality, it's a dumb company, and they don't actually care about any of this. They want to act as if they are doing the right thing, and they can check these boxes. And then they go down these roads because I will say a lot of people. Some people do not. Do not. Do you know the difference, but a lot of people don't you know to the point of like when you know you have a situation like my wife on Instagram. She's at Lisa Paige made me do it. And she was kind of just doing a little video where she the anti races. Baby book was there and she covered it up with another book because she's just making the point that he Bram Candy should not be teaching your baby's at. And if you should not be able to buy that book, a target, probably. Considering buying conservative books. The target is not an easy task. And when she did that the reaction by people who are attacking her was largely Hey, um, e. I can't believe this white woman doesn't even met imagining so offended that you're, um that your kid might not be a racist that you have to hide a book. Uh, because they don't even understand the difference between this left wing nutjob ideology. All of this woke nous times 10 crap that everyone has to deal with now is now being promoted as just the opposite of racism. She does not. It actually is racism. Racism is built into the book written into the book Discrimination is in the book by race. And now these companies are advocating racism and Glenn to to take it to another step here. This is why the California Constitution has things like well, we used to say we're not going to discriminate based on race and create and sex and gender and all those things. Now they took that out because to execute this philosophy, they have to discriminate on race, So they took it out of the constitution. So Tell me, Do you think that it's Coca Cola, saying We're stupid. We don't know what this is or we don't want the backlash from the left. Yes, And yes, And there's more, huh? Because when you're over in Davos, and you are looking to put together a corporate coalition for workplace racial justice. And there's explaining to you at the World Economic Forum. This this new world order that is coming this new great reset. Where corporations are going to be partnered with this global entity and your your governments. Wouldn't it make sense? To you if I said Yeah, we're only doing that. Because if we don't, we will probably only be able to sell Coca Cola in America, maybe for a limited time. But then if we don't jump on this bandwagon, we're going to start losing. All of these companies are all these countries because they're part of the great reset and if we're not part of the great reset We won't be able to do business. We won't be able to get banking. We won't be able to sell our product around the world. So the choices Yeah. We take a hit in America for a while because people are upset about it. But we win in the long run because and those other markets are so much more powerful now. Yep, and just Justus. Coca Cola knows the first time around. Being on the boat and the first on the boat. Is so much more profitable than being second or third or fifth on the boat, And in this case, you may not survive. If you're third in the boat.
Suburban Folk
"coca" Discussed on Suburban Folk
"You talk about the chapter in georgia. An art professor at the university of georgia got his students together and they formed a little group called the color of the world bright and they have gone around the state contracting making a ringlets with communities that have these signs that need to be restored and the that chapter tells about the different communities. Were they've gone. What the sign looked like before it was restored what it looks like now and and wyatt was restored. That and it's amazing. The effort is communities have gone to save our signs. You know it's a. Here's a the university. Professor this got his students involve as a learning process and then pick up a few bucks in the process. It's a great into into a wonderful thing to have the coca cola bureau zelter. I also picked out the very end of the section with georgia and specifically for columbus georgia. There's the picture of birthplace of coca cola so it sounds like there's well. Let's hope a friendly competition between columbus in atlanta claiming the birthplace of coca-cola. Can you tell me a little bit about that. In who wins f i. I'm a underdog guy. So i'm pulling for columbus. Well actually i guess it depends who you listen to. the supposedly. the truth of the matter is pemberton. invented the cer- created the surf's when he was in fact a druggist in calm. Okay and he went to. He moved to atlanta. Took the formula with him. And that's where it was actually produced. I think the backup the underdog story here One of the x. Archivist from coca cola on mr mooney goes with the theory that yes it was not in the developed in atlanta. It wasn't vetted in columbia and columbus that here that says that's why story up stick to it so i guess it was. I probably put on sale in atlanta and that little drugstore where it was sold for medicinal purposes supposedly and it went from there so let them both fight over. They both have monuments and statues to to the birth of coca cola. Long as we've got it in the right state. I guess that's another task for people that are following your book and trying to go on the coca cola trail maybe they can go to atlanta. They can go to columbus and decide for themselves who gets which piece of the pie. And i in turn will get to see a good amount of the state of georgia so that that's a good point. At least they're not too far from each other that you could do that. Comparison in columbus to while they're there. There's a lot of pemberton memorabilia. They're supposedly worked in his home. And there's a lot of coca cola industry in columbus georgia trip. And i i know i keep referencing. It's a theme that we talked about before. That's another one of the things i like about. The book is these are towns that people might not have on their bucket lists otherwise but there are a lot of historical items to appreciate in again especially with what we face this last year. It's a better time than any other time to realize. There's a lot of cool stuff in your backyard again. I'm in virginia. So there are certainly towns that get into the western side of the state that i need to put on my list and we were just in the smoky mountains for me the first time actually this past year as kind of stay and clearly there are some tennessee. Towns that are highlighted. plenty of tennessee. Towns that you can find out a lot more and what their history is one piece..