17 Burst results for "Crypto Bros"

"crypto bros" Discussed on Markets Daily Crypto Roundup

Markets Daily Crypto Roundup

07:55 min | Last month

"crypto bros" Discussed on Markets Daily Crypto Roundup

"Power of their respective governments. And so, the beat goes on. Futures out of the S&P 500 and the Dow Jones Industrial Average, each gained around 7 tenths of 1% in early morning trading on Tuesday following the long holiday weekend. That suggests stocks could rebound after a turbulent session Friday that drag major index is lower. Future standard of the tech focused NASDAQ 100, meanwhile, added 6 tenths of a point. In European equities, the original stock 600 share index gained 8 tenths of a percent, while Germany's Dax added 1%. In London, the FTSE 100 edged up by half point as incoming prime minister Liz truss prepares to launch a British package aimed at dulling the impact of the energy crisis. And while in Europe, let's take a look at currencies, the pound popped 7 tenths of a percent against the dollar currently sitting at a buck 16 per pound, having just one day earlier hovered near its weakest point in decades at a buck 14. The British currency commonly known as Sterling has not treated at such weak levels on a regular basis since the mid 1980s. The Euro, meanwhile, rose slightly on Tuesday, but remained at less than a dollar in value. An ominous sign. Continuing to the east, Hong Kong's hang seng index fell by one tenth of 1% while China's Shanghai composite gained 1.4%. In fan, the nika two two 5 was roughly flat. In energy markets Brent crude retreated falling 2.9% to $92 and 97 cents a barrel amid growing concerns that lockdowns in China could stem demand. Meanwhile, benchmark European gas prices fell by 9.7%. After jumping by as much as a third on Monday. In other commodities, gold is currently trading at $1721 per Troy ounce relatively flat over the last 24 hours. Today's traditional markets coverage in The Wall Street Journal, the FT and market watch. Stay tuned for after the break, we'll take a look at what some crypto startups are more concerned about and how regulation could help. But at what cost? Back in a minute. Hey folks, this is Adrian blust, associate producer on coin desk podcasts. If you like markets daily, it'd be great to hear from you. Give us a shop by leaving us a comment or review on your favorite podcast player. And check out our other podcasts on the coin desk podcast network. Like the breakdown within LW for a more macro perspective on the crypto market or the hash for a roundtable discussion on current hot topics in the crypto world. Also remember you can always reach us at podcasts at coindesk dot com. If you have any questions, feedback or topics you'd like to share with us. Just send us an email. Thanks again for listening and let's get back to the show. Today's featured story is an opinion piece from Joby Carpenter, the crypto assets and illicit finance global subject matter expert for the association of certified anti money laundering specialists. Today's feature is entitled beyond the Silk Road, crypto needs a regulatory course correction. For all the hype in recent years, the crypto asset sector does not have a history of showing itself in the best light. From its genesis in 2009, Bitcoin was quickly appropriated by criminals intent on making it their currency of choice for prohibited goods. While public facing responses by government's telegraphed and air of unconcern, internal reactions were quite different. In the early 2010s, I sat in meetings with intelligence professionals muttering about darknet markets using invisible funds that were impossible to trace. This sort of thing tends to put law enforcement on edge and so it remains. The perception that crypto is under this way of criminals has never gone away, despite data indicating that illicit activity is an all time low compared to legitimate usage. As the application of crypto assets has expanded to include an array of services, typically conducted by the traditional financial sector, institutional take up has grown alongside public adoption, and the volume of illegal crypto transactions has declined proportionally. The reason for this shift is structural, it turns out that money laundering long a primary concern for financial regulators is harder to do in the crypto sector than we once believed. For one, crypto's traceability is a consequence of the fact that blockchain technology serves as a public ledger, mapping transactions on a global scale. A function that law enforcement now sees as invaluable. Criminals also face mundane barriers to adoption, including the question of whether low liquidity and price volatility may crypto worth the trouble. In many ways, the risks of the sector are looking more and more like those of cash. It often seems as if crypto is supportive of crime or at least neutral to it. And in cases where regulations are followed, founders might best be called reluctant good citizens, profits seem to be the ultimate guiding principle, not compliance or safety. Celsius network, three arrows capital, and most strikingly Terra, have all been brought to ground by dubious business models, questionable working practices, and a profit first attitude. This is emboldened skeptics who loudly decry crypto assets as a Ponzi scheme, or at best, a solution in search of a problem. Yet glimmers of a broader acceptance can still be found. As recent headlines have noted, crypto platforms have facilitated humanitarian funding to Ukraine and Afghanistan. Human rights advocates have lauded the technology for providing payments rails in unstable economies, and even non fungible tokens have been praised for protecting vulnerable individuals. In this raises the question, will the crypto sector's most prominent figures the individual sometimes pejoratively described as crypto Bros, be willing to abandon their laissez-faire attitude and embrace governmental expectations. And I'll just interrupt this as an observer of the space to say that there is zero chance that that will happen among that particular group. But back in. Because if not, it is reasonable to assume that the industry's rocky relationship with law enforcement and regulators won't be improving soon. For an example of this, consider the industry's difficulties meeting registration requirements under national anti money laundering or AML laws. While the steps for registration are typically simple, some firms have failed to take them in the apparent belief that they should not be obligated to comply with such rules in a global scale, particularly if the regulations vary across jurisdictions. It's a problem of the industry's own making, and one that's not gone unnoticed by regulators or the banks that serve as counterparties to cryptocurrency exchanges. In other words, without a course correction, more crypto firms will fail when they could have stayed solvent by investing in their anti money laundering controls. That isn't an inevitability, however. Crypto asset providers could come in from the cold of the crypto winter and demonstrate that they can make the technology both functional and safe. What can the sector do to improve its standing? Implementing a top down compliance culture, adequate training and strong risk management controls can ameliorate concerns, though more may be needed to address the damage already done. To better engage with supervisors, firms should consider testing and validating business models through government led sandbox exercises that allow for two way dialog. Companies should also make clear that they will share intelligence on fraud, market abuse, and money laundering threats with regulators and their competitors whenever possible. Market abuse should be taken as a serious threat from organized crime groups and not merely a problem created by unsophisticated opportunists. Another piece of advice for crypto firms is stop shielding your products with caveat mTOR or buyer beware. If market conditions require tweaking your business model, update your financial crime risk appetite to reflect this reality. Regulators will appreciate it. And more than anything, the industry should consider whether it wishes to continue to be associated with the silk roads of the world or embrace its inherent ability to trace illicit funds and fight financial crime. Hey, listeners, thank you for listening. On behalf of markets daily, you're invited to coin desk's new event. The investing in digital enterprises in the asset summit or ideas for short. This event facilitates capital flow and market growth by connecting the digital economy with traditional finance. Join us on October 18th and 19th for a 360° investment experience where you can source invest and secure your next big deal in digital assets in one place. Use code markets 20 that's all one word and with the number 20 for 20% off a general pass. Register today at coindesk dot com slash ideas.

prime minister Liz truss Adrian blust Joby Carpenter association of certified anti blockchain technology China Bitcoin The Wall Street Journal crypto Bros Shanghai Sterling Hong Kong Germany
"crypto bros" Discussed on How I Built This

How I Built This

04:47 min | Last month

"crypto bros" Discussed on How I Built This

"Rarely in the same place. So you brought in some outside funding from andreessen Horowitz, one of the biggest, most famous venture firms in the world. I got a backup there, because what had happened was we got through a mutual connection, a guy named beeple, who's a really celebrated NFT artist. He's incredible. One of his paintings for $69 million. That's right. And we didn't know him at the time, of course, but we followed each other on Twitter. And he reached out to us and Greg, you tell this story. So perfectly. Yeah, I mean, he's incredibly energetic and likes to text him like all caps and all that. And so he just was like, hey, what's your phone number? What's your name at this point? It was just like an anonymous board API club. Twitter that he was even DMing and I was like, okay, I guess I'll tell him. Here's my number and then he connected us over text with a guy named guy O Siri, who he introduces as in all caps Israel's sexiest man alive and the manager to Red Hot Chili Peppers and U2 and Madonna. So he wants to be work with you in some capacity and that's what leads to you bringing in outside investors. Well, so yeah, I think I saw us as a band and to some extent, that's true, the four of us, krems, Deshawn Gregg and I, we did feel like a band. Because we were not tech Bros, we weren't crypto Bros, but we didn't come from business. We were just kind of creatives and weirdos. And we had sort of a band like energy in the way we sort of interacted with one another, I think. And he saw that and he saw it maybe we could use a manager. And then ultimately what we realized was that guy was so insightful, strategic and would just hang around with an idea and box it out with me and Greg and Kremlin for hours and hours every night. They realized, you know, let's just make this guy a partner. Let's get him in the building and let's build this together. And that's what we ended up doing and guy took the lead with Nicole, our CEO, on the race. And just did an incredible job connected us with amazing, amazing people like andreessen Horowitz, who have just been invaluable.

beeple andreessen Horowitz API club O Siri Twitter krems Deshawn Gregg Greg Red Hot Chili Peppers Madonna Israel Bros Kremlin Nicole
"crypto bros" Discussed on Bitcoin Audible

Bitcoin Audible

02:27 min | 3 months ago

"crypto bros" Discussed on Bitcoin Audible

"The biggest honeypot the world has ever seen. Everyone in their grandma would love to break it. Further the powers that be are, at least in part, powerful because of the Fiat money printers that are rendered obsolete by the orange coin. Attacking Bitcoin becomes a necessary strategy if your very survival is threatened by it. But what parts of Bitcoin to attack? It is difficult to nail down what Bitcoin is and what it consists of in the first place. I like to think of it as a big hot mess of two part software and two parts hardware or wetware to be more precise. A mix of technology and biology, with a large dash of economics on top. Viewed in this light that Bitcoin is made up of ideas, people, code, and nodes. It is easy to see that some attacks would be more obvious than others. An obvious attack would be a software exploit that shuts down a large number of Bitcoin nodes, for example. An even more obvious one would be a large scale attack on its physical infrastructure. If the foundries that produce the current generation of sha two 56 asic chips are bombed or various large scale mining operations go up in flames, we can confidently say that Bitcoin is under attack. In the same vein, if bitcoiners are declared the enemy of the state, and are incarcerated or killed in mass, we can also deduce that Bitcoin is under attack. But how do you attack an idea? With bad ideas. That's how. The Civil War of the block size debate was such an attack on Bitcoin from the inside. And its resolution was a hard fork, an economic instantiation of said idea. In addition to attacks from the inside, we already had many attacks from the outside. Almost as soon as Bitcoin appeared, it was attacked by politicians, central bankers, traditional investors, wedded to the Fiat system, as well as the economically and technically illiterate. We've heard it all before. Bitcoin is only used by criminals. Bitcoin is worthless. Bitcoin's value is based on pure speculation. Bitcoin is old technology. Bitcoin is too slow. Bitcoin is a bubble, and so on and so forth. Allow me to highlight some of the more recent terms and phrases dreamt up by those who hang on the tits of various money printers, whether it be politicians, special interest groups, or crypto Bros.

Bitcoin Fiat crypto Bros.
"crypto bros" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:46 min | 4 months ago

"crypto bros" Discussed on Bloomberg Radio New York

"Crypto report I'm so pleased to welcome in while our of course crypto contributor shin Ali basic along with Nadia telecom She is of course one of the cofounders of the feminist protest art collective pussy riot and an outspoken social activist Nadia so great to have you here with us today First talk about sort of this new initiative that you have underway and sort of the more equalizing within the LGBTQ community that you're looking for within the crypto world It's called and they bring together one of the biggest minds influenzas artists collectors in the digital arts space to close the gender gap Our thinking is that crypto and digital space promise to build a new world and a lot of people in this space belief that the world has to be more open excessive accessible for everyone Equitable and we believe that if we bring together in the room one of the most influential people in space people like people see a portrait club grinds pussy red and a lot of other prominent artists in space Then we are going to be able to establish deeper than everyone else who's going to come to web three later could be following this model of the world that are going to be able to build where there are ecommerce Really curious about diving into that a little more your website also for unicorn Dow points out some of the issue here Nadia that there is not a lot of diversity in the space yet So when you're getting together with all the members of this Dow how do you defeat this problem and are there challenges to doing so We get to go down weekly calls sometimes we do parties When it comes to membership we try to make sure that we have this amount of members and we have systems in place that help to maintain that Like for example we have sponsorship program that is sponsored by monthly so there are a number of female artists who are not able to contribute 50 for a sheet So instead moon based space for them when it comes to in real life events we obviously prefer to party girls and LGBTQ+ people so we also always maintain people who we watch people who we invite So it's never a group to broke party I think this is one of the biggest problems in web three encrypted culture that is created by crypto Bros which is so repulsive for a lot of people from the outside and that it doesn't allow and if she's a really skilled and bridge master option and what a story I mean this was launched in the ten year anniversary since your arrest in Moscow for an anti Putin protest And I'm wondering if you'll talk a little more about the power you found in crypto to bring people together especially because you were such a big part of what had raised money for Ukraine through the doubt world All those being connected with the world of technology was avoided to be good effective activists have to be also smart about what's going on in the tech world So I would love to I love to use whatever this world gives us in order to achieve better results in maximus So with the same mindset I came into crypto I started to actually work in the beginning of last year And the core it didn't change really over the last 15 years It started to be feminist and everything just anticipated and activist 15 years ago So doing the same thing trying to achieve the same goals but with new tools and for example when they were in screen started in the end of February we put together Ukraine down and I wanted cofounders of the rainbow and we were able to raise $7 million just a few days and disperse those money in the next 24 hours and last for transparency speed and efficiency that's not really seen before The sort of argument against that though has been sort of the high flying NFTs high flying crypto it's come down a lot in terms of price Are you worried about entering and continuing in this market when prices weren't what they were a few months ago Not worried because I'm here for different reasons I'm looking at crypto as a tool for activism and nothing really changed in that since I also think that there are a lot of use cases all considering applications for building better governance models and the founder of Ethereum that I put down to talk a lot about that So obviously looking forward for decoupling lust for money and crypto and looking at crypto and I think this current market allows us to actually take a look at crypton better and more interesting deeper than just means to get rich You know speaking of deeper reasons for cryptocurrency one of the things that your Dallas talked about is reproductive rights And what you've called the summer of rage in the release out here So how do you see that playing out for members of the community to really talk about reproductive rights in the United States We are working currently on the auction with Christie's and the auction is going to be revolving around the topic of reproductive justice and big portion of what we're going to be able to raise We're going to be donating to various reproductive justice organizations in the U.S. and also we are in computations with various Organizations like when parenthood and women's march to see how we can actually help them to onboard their members to work through YouTube Hopefully provide them better governance tools and also fundraising tools for their goals Really appreciate it Nadia to look over of course in our very own Bloomberg Chanel basic.

shin Ali Nadia telecom Nadia crypto Bros Ukraine Putin Ethereum Moscow Dallas United States Christie YouTube
"crypto bros" Discussed on The Breakdown with NLW

The Breakdown with NLW

12:53 min | 6 months ago

"crypto bros" Discussed on The Breakdown with NLW

"Crypto using three factor authentication, providing a simpler, safer and smarter way to store, buy, swap, send and receive crypto. Arculus is offline cold storage. Your private keys are encrypted on the Oculus keycard and are never online. Stay safe from hackers with no cords, no charging, no Bluetooth. Just crypto security made simple. By arculus on Amazon today. The breakdown is sponsored by FTX U.S.. FTX U.S. is the safe regulated way to buy and sell Bitcoin and other digital assets. With up to 85% lower fees than competitors. There are no fixed minimum fees, no ACH transaction fees, and no withdrawal fees. One of the largest exchanges in the U.S., FTX U.S. is also the only leading exchange that supports both Ethereum and Solana NFTs. When you trade NFTs on FTX, you pay no gas fees. Download the FTX app today and use referral code breakdown to support the show. So to wrap our heads around a little bit of what this means, we turn once again to Patrick or patty Hansen. He's the head of strategy and biz dev it unstoppable DeFi and has become the interlocutor of European Union politics for the crypto industry during these proceedings. He wrote last week, I hate to ring the alarm bell again, but the EU parliament leaves us no choice. First red flag, different from the initial proposal that only required to collect not verify personal data from transfers made from slash two and un hosted wallet, the draft now requires to quote verify the accuracy of information with respect to the originator or beneficiary behind the un hosted wallet. But it doesn't say exactly how a crypto service provider should be able to verify the un hosted counterparty. The consequence of this, in my opinion, is that most crypto companies won't be able or willing to transact with un hosted wallets anymore in order to stay compliant. Second for every crypto transfer from an un hosted wallet over one K Euro, companies are obliged to inform the quote competent AML authorities. For all these transactions, even if there is no sign or suspicion of money laundering, this is an absolute violation of privacy rights. Third red flag, one year after entry into application, the EU commission will assess the need of quote additional specific measures to mitigate the risks posed by transfers from or to un hosted wallets, including the introduction of possible restrictions. This means that the EU commission might be prohibiting transfers from and to un hosted wallets entirely, as was already suggested by some members of the parliament in an earlier draft. Fourth, while the financial action task force travel rule only requires these measures for transactions over a certain amount, one K USD, and the TFR for Fiat only requires the information sharing for transfers over one K Euro, the draft sets no minimum thresholds for crypto transfers. That means that soon every single satoshi transaction that is not purely P2P will have to be accompanied by the sharing of personal information. This is a totally unjustifiable double standard. If anything the AML requirements for cryptocurrency should be lower, since blockchain based transfers offer new and additional ways to track and monitor. There are more problematic passages in the text, but these are the main ones to focus on. This proposal cracks down on a hosted wallets and creates huge data honeypots for hackers. What's concerning is that this time different from the proof of work ban in the Mika regulation, the council or member states seem to be on the same page with the EU parliament on these issues. No threshold for crypto transfers and crackdown on un hosted wallets. Now to this thread Paul Tang, who's a member of the progressive alliance of socialists and Democrats for the Netherlands, responded, and Tang has made himself the chief provocateur on Twitter as it comes to this legislation. He writes, another week, another social media storm by crypto Bros. Now about the transfer of funds regulation. Just like bank transfers transferring crypto like Bitcoin should be accompanied with information about the person sending and receiving the funds. Now the European Parliament wants to cover also transfers to and from un hosted wallets. These are wallets where crypto assets are stored on your PC without the involvement or knowledge of anyone else. Similar to holding cash in your pocket. But cryptos are extremely mobile and operate in a borderless world. This means that funds from un hosted wallets often come from unknown sources. And money going to un hosted wallets may end up in the wrong place, for example, with terrorist groups. So the identity of unhosted wallet holders needs identification, just like you need to identify yourself when you deposit money at the bank. And we want authorities to be notified in case anyone person receives a total of €1000 plus from un hosted wallets. This is a red flag. The parliament also covers all crypto transfers regardless of their monetary value. The unstable value of crypto assets makes a threshold in Euros difficult to enforce. And smurfing allows for many small transfers to be coordinated so as to escape any threshold. These are important tools to fight money laundering and terrorist financing. Some crypto lobbyists won't like the extra work, but being part of our society comes with obligations. Banks already fight criminal money. Crypto Bros should step up to the plate and do so too. And so here in a single tweet and a quote tweet response, you have the gist of this argument. The great debate is about financial freedom and sovereignty on the one hand versus the boogeyman of crime and societal obligations on the other. On the side of the state or MPs like Tang and aurora le Luc, who said we are talking here about a serious subject. The fight against money laundering, the financing of terrorism crime, keto crime, a subject that deserves no controversy, no buzz. Avoiding new victims, defending the general interest, these are our values. On the other side are those who view these rules as overly strict, more strict in fact than the banks. More its corner from the liberal free Democratic Party representing Germany says, if we impose stricter rules on the crypto economy than on the traditional financial sector, we risk once again over regulating and innovative economic sector that will, as a result, thrive in markets outside the EU. Michael Hugh Gavin, a member of the European conservatives and reformists for the Netherlands says, the greatest asset of blockchains are traceability and transparency. The amendments to the transfer of funds regulation make transfers to a wallet unnecessarily complicated. Come with privacy risk and will hinder innovation. I will vote against it. Pure person again, though not in the EU parliament also articulated the position of many. Regulating the uses of crypto requires a good understanding of how it works. We can not transpose banking and financial regulation applied to a centralized ecosystem to a brand new ecosystem. We have to invent a whole new KYC AML model adapt to this new technology. This leads us to the determination of political objectives by the regulator. To date, the Fatah has not been able to adapt its recommendations to the new technological dimension. It needs to use tools enabled by this technology to work on a new framework based on the risk approach. To date, the presumption of guilt weighs on the centralized actors and users. The prohibitive approach seems to dominate in Europe. These choices will condemn these nations and financial competition. The nations that have the courage to work to learn without dogma will be the winning nation in this international competition. Not because they will be the lowest bidder, but because they will have known how to regulate intelligently. So there are obviously a lot of specifics to this debate. While at company ledger wrote a blog post, for example, pointing out using figures from chain analysis compared to figures from the UN that Fiat currency money laundering is 232 times as large as crypto money laundering. Another starker way to put it is that the amount of money the UN estimates was laundered last year through traditional means, it's around the same size as the total crypto market cap. These are the types of details that should be debated with more time. But I don't think those specifics are really why this issue gets so hot. I think why these debates are so triggering is that there are a microcosm of the great and central conceit of really all modern politics. The rights of individuals versus the obligations of participation in a society. I point that out as a way of saying that it is not only fair but good to have those debates. Especially when they are had in good faith. This is a precarious balance that is constantly shifting. New threats and new circumstances do require new evaluations, but so too do threats to individual sovereignty. If we really decide as a society that we have zero tolerance for any financial crime, then yes, we can also put human financial surveillance to 100 and financial sovereignty to zero. But that would also necessarily mean the end to cash, among other things. What it seems strange as it admittedly outside observer is the way in which two major issues now of dramatic importance to the cryptocurrency industry have been pushed into legislation at the last minute without a lot of time for the industry to comment and engage. Now I will admit I could have the wrong of that. It could be partially on the industry that we haven't been paying enough attention or engaging enough. But it's still feels strange and hurried. This sentiment was sort of validated by silk Noah, a lawyer at gnosis, who pointed to Russia's invasion of the Ukraine as an accelerating force for, well, everything. She writes, since 2021, negotiations have been ongoing to extend the scope of the TFR to crypto. IE virtual asset service providers must collect and make accessible info about the sender and beneficiary of crypto transfers. Due to the Russian invasion of Ukraine, the drafting of amendments has been speeded such that it now represents a masterclass in how to kill the EU's most promising industry. Whatever the case, unlike the Mika proof of work ban, this one did not go our way. At ten 21 a.m. this morning, east coast time, Patti Hansen writes, breaking the econ and lead committees of the EU parliament voted in favor of the FTR compromises D and E that cracked down on quote unquote un hosted wallets. The entire regulation draft to be voted on later today, but will certainly go through. So what happens from here? Well, one, I will not pretend to understand the EU legislative process at all. But again, here's what Patrick Hansen had to say about it. After the vote today, the econ proposal will be announced in the plenary session probably sometime in April. If no one challenges that by requesting a plenary vote, the between the EU parliament commission and council will start shortly after. The trial usually takes a couple of months and offers the last chance to introduce changes. Individual voices from the council and commission make me optimistic that we can still achieve changes. But the situation is undoubtedly more difficult than with the proof of work ban. Now, what about partisanship? Obviously I talk about that a lot in the U.S., monitoring, if and how crypto is becoming more or less partisan. And I've described how I believe that it is to crypto's benefit, how it seems to be bucking the tide of rampant partisanship. In the EU, it would be tempting to look at these results and see it as a left alliance for this identity verification and a right alliance against it. But even here, that's not fully true. If a Cali is the vice president of the Euro parliament and is from the progressive alliance of socialists and Democrats and a member for Greece, she wrote on March 29th, head of the vote for AML, it seems necessary to not put EU in the backseat of DeFi and innovation, but to support the initial approach of TFR. Proportionality and smart regulation for innovation friendly principle should be the spirit. Hopefully EU will make the right decision. Ever kept up for tweeting this morning, she retweeted Cameron winklevoss from Gemini who said when it comes to AML efforts, the inherent attributes of the blockchain, traceability, auditability, and transparency, allow it to be an effective tool to combat illegitimate activity. Subject to protecting privacy and other individual rights. She also added transfer of funds from un hosted wallets to EU crypto asset service providers should be possible in a proportionate way, otherwise EU risks circumvention of EU infrastructure via non EU providers to fight crime and corruption while remaining tech neutral and innovation friendly. And finally, no matter what happens today, there is a need to discuss further in the European Parliament. We will host workshops with experts and work with colleagues that have the best intentions for a proportionate responsibility of European Union, crypto asset service providers. So there will be a lot more ink spilled on this. There will be debates in the EU around the specifics of wallets around the practicality and legality of requiring parties to provide KYC of third parties of crypto's relevance to the EU economy and more. There will be a temptation by many in the crypto industry to say screw them all to believe firmly that this means that the regulators in the European Union do not have the best interest of this industry anywhere near their priorities. But I think that it would be a mistake. It may be late in the game, but the process isn't over, and what's more, even if it's a slim chance, changing laws before they're made is a hell of a lot easier than changing laws after they become laws. I will, of course, be keeping track of this and sharing resources where I can. For now I want to say thanks again to my sponsors, nexo IO, arculus, and FTX, and thanks to you guys for listening. Until tomorrow be safe and take care of each other. Peace. Hey breakdown listeners come join coin desks consensus 2022. The festival for the decentralized world this June 9th through the 12th in Austin, Texas. This is the only festival showcasing and celebrating all sides of blockchain, crypto ecosystems, web three, and the metaverse, and is designed for crypto newbies, investors, entrepreneurs, developers, and creators. Don't miss speakers like Kathy wood, SPF, CZ, punk 6 5 two 9 and Joe lubin to name just a few. Use code breakdown to get 15% off your pass at coindesk dot com slash consensus 2022..

un European Parliament EU commission European Union U.S. Solana NFTs patty Hansen financial action task force Paul Tang progressive alliance of social crypto Bros. Crypto Bros Tang aurora le Luc liberal free Democratic Party Fiat
"crypto bros" Discussed on The Tech Guy

The Tech Guy

04:23 min | 7 months ago

"crypto bros" Discussed on The Tech Guy

"And ant will walk, it's basically getting started with NFTs. He'll walk you through it. Bless you so much. I really appreciate all your help. My pleasure and bless you, I like what you're doing with the conscious planet dot org. That's great. It's all about it's all about vegan. Yeah. Well, that's another sustainability also is energy usage, right? Absolutely. Yeah, and so but you know being vegan is the most powerful statement towards sustainability in my opinion. I completely agree with you. If I could do it, I would. It's easier now than ever before. That's true. That's true. For 40 years, do you have it? Do you have a company where I could get consultation though? No, this is it. You're getting the consultation right here. I don't do any I don't have time to do anything else. But I do wish you luck, and I am believe me. If I could be vegan, I would, I'm going to work on it. My wife and I both want to do that. Absolutely. All right, well, you could give me a shout out sometime about doing it. Thank you. Thank you, Neil. Dot org. Thank you. Yeah, you just, I'll put a link in the show notes. You just got a nice big plug on the radio. Bless you so much. Thank you, Neil. Take care. Bye bye. Leo Laporte, the tech guy. On average, a minting, a creation of an Ethereum based NFT, which stands for non fungible token. If you've not heard the term bless you. It's all over the place. And it's highly promoted as is cryptocurrency. It's highly promoted by people who stand to make money from it in my opinion. And of course, the crypto Bros hate it when I say that, because they have this vision, well, some of them have this vision of a brand spanking new world where I don't know what, something, something something blockchain. There's also a much, I think, a much larger group of them who say, but wait, I haven't sold my NFT yet..

Neil Leo Laporte
"crypto bros" Discussed on Opening Arguments

Opening Arguments

05:43 min | 8 months ago

"crypto bros" Discussed on Opening Arguments

"Except accept that this is not too crypto Bros saying it's in the blockchain is not like saying it's in the fine print, right? That's the fundamental feature of this entire structure. Okay. I think it goes to show that it isn't a feature. So that leads to and I have to read this because it is the funniest part of the article. It is with deep regret that we have to inform the community of this total and irrevocable loss of build DAO treasury assets through the deeds of one malicious actor. Team members have made direct contact with the attacker. But there seems to be no appetite for a dialog much less any reparations. Of course. Yeah, no, the guy who did the trick take over and got on the money isn't from the kindness of his heart gonna undo it. Yeah, that is like writing back to the Nigerian prince. It's like, come on, don't you feel bad about this? Hey, I noticed you haven't replied to my emails, Ned. How's that all going? We used to chat all the time before I set you all my money. So look, daos are bad, and you should feel bad. So, of course, someone wants to create a magic the gathering DAO. Ah, here we go. They have released a 7 page white paper as to what it is. This is I buy cards because I buy really, really good cards that are expensive and then magic the gathering either changes the rules or releases a new set that nerfs those cards. Yeah, I mean, kind of, yeah, sure. So the exact sentence is the reality is that individual cards are unpredictable investments at best and many lose value. Of course, yeah. So their fundamental complaints about the game are power creep, wizards has built a great game that invites you to invest in its economy, but it's hard to justify investing any significant money in individual cards when the value of the card could change at any time. So the crypto bro. Right. And I swear to God I am not making this up. Talking about wizards of the coast. They say these negative aspects are not exactly the fault of wizards of the coast there. There are for profit company that's built a business model on selling packs. In crypto terms, they operate in the world of Fiat. Just like central banks. I'm not making this up. They exist and profit by building an ecosystem that builds demand, managing a perception of scarcity, and then printing and selling into the demand curve. Oh my God. That's what they're going to solve. How are they going to solve this? By creating a DAO that uses as its voting mechanism, NFTs, of the cards that you already own. Okay. So as part of that, their FAQ on the white paper is golden, right? It has a question that says, what's fun here? And the answer to that does not persuade me like this seems desperately doesn't it sounds like you already still have to buy the cards then. Yeah, so you buy the cards, but then each card gets a single NFT, right? So the first people in put NFT, one copy, the whole group only needs one copy of each card. Is that what it is? You have to have a copy of the card that you want to play. But you also must own the NFT for that card in order to be able to play it in their system. And there's only one NFT, Dex utilize four of a card routinely. How does that work? I don't know. And basic land cards utilize somewhere between 18 to 20. I do know, I do know what those are. I assume that there is I'm going to make two assumptions here. The first is for those stock kind of things. They would be a lower they would come in later in the process, right? Because this again has the way you generate the NFT as this kind of exponential, it requires millions of units to move from NFT number 8 to NFT number 9. And it continues to grow exponentially after that. But the idea is basically to take the good cards and the NFTs on the good cards will be outrageously expensive so that you won't just have the same players playing with the same 203 hundred cards in various combinations. How that deals with the lands in the common card. For those, who is paying who what for what? I don't even understand. I don't either. I can try and read this to you, but you're going to suffer as much as I will. Sure. Supply slash scarcity is determined by how many copies of a card will be printed. When a card is introduced, the number that will exist is determined by the rarity of the card. How many packs will be sold? So that's the way it is right now. Yes. And then this combination of lack of scarcity and changing demand leads to a boring meta where 99% of all games being played at any given time are using the same few hundred carts. There's no strong scarcity for top cards, so any player who wants to have fun playing some games knows they must play with the same cards as everyone else. You don't pay to keep up with the meta you have a hard time finding equally equipped. Opponents. Okay, I get all this. Let me translate that as a magic player. What happens is a card pool comes out. They do for a year. There's different formats, but to simplify it essentially, those cards will often change the meta game. And what happens in the metagame is like the top one, two, three best decks get figured out pretty quickly with the cards, but it's a cool process,.

DAO treasury Bros Ned wizards Fiat
"crypto bros" Discussed on Opening Arguments

Opening Arguments

05:37 min | 8 months ago

"crypto bros" Discussed on Opening Arguments

"Down. Down. Okay, Andrew, I can't wait for you to explain exactly what happened here, but from the looks of it, we had some sort of NFT NFT people. Some sort of NFT company that was like utilizing magic the gathering IP and then they got a cease and desist. It seems delightful. Tell us what went on here. It is even more delightful than it seems. I want to apologize in advance. I did a lot of research on this. I am sure I am going to get some of this crypto stuff wrong. So, you know, in advance, open arguments at Gmail dot com when I have somehow managed to make an error, but I put a lot into this. Okay, here's what we start with. We start with MTG DAO, a DAO is a decentralized autonomous organization. What does that mean? Here's what it means in plain English as best as I can do. It's an effort to take the rules of corporate management and then write them into software. And that's it. That's what a Dao is in general. That's so so a DAO is not a real thing. It is not a legally recognizable organization for obvious reasons that we're going to make kind of even more obvious. But the goal is to have everything that the organization because you can't call it a corporation does be public and then stuck on a blockchain. So put yourself in the mindset of one of these anarcho syndicalists. Well, is this an effort to democratize, is this like seizing the means of production a little bit? Like instead of having corporate infrastructure with the CEO and blah blah blah, is this an attempt at a worker owned thing? It is certainly not a worker seizing the means of production. It is a modification to normal corporate governance. So why don't we start with that? Under normal corporate governance rules, one share is one vote. Put an asterisk by that because there are non voting shares and you can write whatever you want into the structure of the articles of incorporation and we do that for my business clients all the time, but basically that's kind of the idea. One share, one vote, you buy more shares, you get more votes. This does nothing to change that. Except that instead of one share being one vote, this is you take NFTs, you turn, you turn the NFT, the non fungible tokens. They then become each one of those is your one token becomes one. That becomes the replacement for stock. Exactly right. Oh, so that doesn't really do anything. It absolutely does nothing to democratize. It makes the problem of if you were super wealthy and control the corporation, you get to say what happens, it makes that more acute, right? Yeah. And the idea is that you don't need any corporate governance at all because everything can just be decided by vote and one token is one vote. So that's why I started with the anarcho libertarian utopia, right? The idea is that they look at so you and I look at a corporation and go, well, the problem is that a corporation employs 10,000 workers who get no votes and the guy at the top gets to make all of the decisions and maybe that should be more equitable. And sometimes the guy at the top gets in trouble if they do something wrong for the shareholders. If they mess anything up for the shareholders. So this is like, let's just have the shareholders run the whole thing, but it does nothing about the employee. That problem of the employee is getting a say or getting more of the revenue. Correct with an asterisk. So I want to do my very best to steal bought the other side, even when the other side is crypto. They would argue that there are mechanisms that will enable you to earn more NFTs, the harder the work you put into the DAO. How that operates, I do not know. I can actually see this being a good idea if and again, we're not talking about the MTG one. This is just general whatever this DAO structure is. Forget the magic gathering for a second. I could see this actually working if the people who hold those non fungible tokens are the workers are the, you know, like so then it would be like a worker owned, they would all have this, it would be the equivalent of like the company being owned by the workers because they controlled all the stock essentially. So I could see that being a good idea. Well then let's make the crypto bro argument a little stronger because what they would say is, yeah, yeah, yeah. Not only could you have all the employees own the NFTs and then get to vote in order to get admitted into the DAO you have to have a crypto wallet. Yeah. I'm doing a certain motion with my arm that I'm not going to describe, but yeah, that part all is nothing. But let me give you their argument. They say, look, all of those transactions are on the blockchain. And then every thing the DAO does as a matter of corporate governance instead of being written down in the corporate minutes would be recorded on the blockchain, right? So you know exactly who to hold accountable and something something something. Yeah. All right. Instead of being in the shared drive, it's in some stupid thing that doesn't, that doesn't really change a whole lot. Right..

MTG DAO DAO Andrew MTG
"crypto bros" Discussed on The Gargle

The Gargle

08:11 min | 9 months ago

"crypto bros" Discussed on The Gargle

"Transition, you just have a chassis. So she's tagging a wall with graffiti. Yeah. She signed her name on my boom, which I thought was weird. But it's weird because she's just gonna get used to anything. And you just have to surrender yourself to the whole process. But it's very enjoyable. So 5 stars in me. Oh, beautiful. My repeat today Alice is there. Eating pink chicken. I've never been eating pink chicken, happened to me yesterday. I went to a place that did a meal deal for 20 quid. I was listening to a very horrible audiobook about the patriarchy and decided you know what I'm gonna do I'm gonna go get myself a 20 quid meal deal in this shop, and I waited, and I had a chicken soup, which was fine. That was white chicken in that, with noodles and stuff like that. And then I ordered chicken thighs on roasted vegetables. I could see it was not cooked properly, but I didn't want to be rude, to the waiter. So I just ate the pink chicken. And I swear to God, I am gonna make tea towels that say it's not polite to eat pink chips. Don't do it. I mean, who was I try to save who's feelings was I try to I looked at it, it was that weird thing of like, I would describe it as a sunset over a misty Moore. Do you know it was pink and gray at the same time? Which is a beautiful image for a landscape. But not so good for cooked chicken. That's it if it should be like you know that old sad sketch at night shepherd's delight. Pink chicken in the evening, you're gonna be very unwell in the morning. And I'm gonna give it one star out of 5. One once they're out of 5. Pink chicken in the evening, you're going to be heaving. There we go. There we go. I wish it was just heaving done. Like we need to add a bit more nuance to that. Okay, okay. I've got this. I've got this Patrick in the evening. You're going to be heaving and then PTO on the bottom of the detail out here IR. That's my PTO and everything is out of your ass. If the chicken is pink, you'll shit in the sink. Yeah, yeah. You can take it as pink. It's gonna be stink. You know, it's not gonna happen. So pink chicken monster. What's there? But I would give the restaurant tree stars. I shouldn't have went in. It was empty. Why do I think I was like, oh, this is gonna be a cool new spot that no one knows about. And it's just genuinely because there are food hygiene is very bad. I like to be you said it happened to me. That was the phrase you've used. It happened to me. Yes. Did this to yourself? So somebody held you down a chicken ran over. Clocked itself. Killed itself in front of you. But made sure it was far enough away from a heat source to it not cook itself. Yes. And when it's dying breath because it can still move around after its headless guys jumped into your waiting mouth. Yes. I can't believe you that you were nodding along to a book about the oppressions that are put onto women to consent to things that they're not entirely comfortable with. Wild gagging down. They one thing that you are not meant to eat. Yes, 'cause I wanted to be polite to the mail away or like genuinely. I need to read that book more. There's a definite issue there. Now it's time for our festival section. This is the most exciting news all week. You know I love my crypto stuff. This is a video that's gone out publicizing crypto land. This is a story that comes around again and again in which crypto utopian crypto maximalists try to leap forth from the mainstream of society and create their own society of crypto Bros and sisters and inevitably fall short at the feet of something like rubbish collection. Neil Della, you've got crypto Bros, what is this story about? Yes, some crypto Bros are trying to buy an island in fijian. Set up crypto land. And you can use NFTs to bypass the land. It's about a square mile. I think it is. And this sounds like an absolutely disastrous idea. I'll be perfectly honest with you. Some will argue that this is a book the evolution of money and we know that money was sold, and it was gold. It was cattle in Ireland for a long time. Then coins then notes. And I'd argue notes are better than cattle. And if have you ever tried to snort Coke through a heifer, very difficult. Very, very important. It's got four stomachs. It's called forest Starbucks. I mean she has a gray type, but I mean, the stuff you get out the other end, not great. I would say it is harder to counterfeit title, so that is a plus for them. Like you can't walk into a shop and go please oh, I like your goods. Please accept this calf as payment. And they're like, that's not a calf. That's dug and leather jacket. You're full of nobody. They're all just catfish. They're all fish. Pretend they got fish of pretend to be other species. It's evolution. But this sounds like it sounds like a Ponzi scheme. You pay for stuff in cryptocurrency and the shortened version of the cryptocurrency like ETH's Ethereum and this is a con and you're like. You can't say they weren't warned, you can't say. What's the reason about this place is that there's been some questions on Twitter, somebody asked what is the age consent on crypto land, and crypto and replied from their official tree their official Twitter account said, mental maturity should be more than enough, winky winky smiley face, which imagine imagine going to court and you know you're under the feds theory. Excuse me, your honor, the mental mature. You should be more than enough smiley winky faith. Like, and then they tried to say that what kind of violent are they trying to build? I mean, the silence already been done. You know, a pioneer in that market would have been Epstein. But it's just that it's just a very, very weird, a weird thing. It feels like Disneyland in a way that it's really there for emotionally immature people, and weird older people who should know better. You know, it feels like Disneyland in that respect. Except, in the way that it isn't like Disneyland in that there aren't people who are going to think through the complex logistics of actually running a society. These are people who will say the market will decide in the market will decide that nobody can have any milk. The market will decide why hasn't it rained. Yeah. Good luck with that. The NASDAQ has decided there's no food today. Well, the market does know best yet. That's gonna turn into lord of the flights within about an hour, I'd say. Oh, definitely. Absolutely. Delicious these Bros battered shit out of each other with racquetball or squash or whatever the these people play in films. Listen, put on your strangling each other with red braces. That's how I imagine it in my head. Fantasizing about an island like this is what young teenage boys do now instead of masturbating. Like this is unfortunately. Did you guys actually watch the video? It's completely bananas. It's incredibly bananas. What's the name of that mascot? The coin thing that number one, what's bananas about? They're all white people depicted in it. Did you notice that? Like the island is filled with white people. There's no people of color. I'm there to picture of what this island is going to be. I really hope that this whole scheme is from somebody who is a person of color. Yeah, just put them all on an island. Yeah, yeah. That was great. I got this Ponzi scheme needs more representation. Like I'm looking at this. And I'm going like, where? Where are the people.

misty Moore Neil Della crypto Bros Alice shepherd Patrick smiley winky Coke Twitter Starbucks Ireland Epstein racquetball Bros
"crypto bros" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:54 min | 10 months ago

"crypto bros" Discussed on Bloomberg Radio New York

"And then ultimately making money for yourself That was it We just lived for the bonus that was 90% of our comp Times are different now The kids coming in are different now They want to know that what they're doing has meaning has the greater good perhaps That's got to be a tough thing for these Wall Street managers to kind of manage because again when they came up it was all just about making money But things are a little bit different now Well and part of that's because you can't like Wall Street is no longer the place where you can make the most money And I think there's also a feeling of complete exhaustion right now when I talk to people about what's the mood like you know they say honestly I'm exhausted I hope that I can some of these some people haven't had a vacation since December 2019 I talked to people who are M and a lawyer who I was talking to was supposed to go to The Bahamas this week But he's bracing for the fact that he might have to close another mega deal which it's like boo hoo but also you know you kind of feel like people need a break Yeah what I noticed is again when I was young investment banker working those hundred hour weeks I had the support of all the other young bankers like myself to prop you up when you're down The kids today don't have that 'cause they're stuck in their apartment zooming on all these things I can really see where that's tough for them Yeah and again I do think this does speak to a broader issue in society right now where everyone is burnt out There's a feeling that employer employees are not getting paid for the work they're doing I don't know if that completely applies in the case of investment bankers but generally you know it's people need a break So what happens when this is something that kind of seems like a no brainer on Wall Street that eventually this quote speculative nonsense is going to fade away the spac kind of boom is going to go away The crypto Bros are going to get what's coming to them That idea what happens when hypothetically if you start to see cryptocurrencies take off more how much kind of longevity is there in that attitude I think what's interesting is at this point in the story max talks about how last year a lot of bankers looked at crypto as kind of like a cute speculative thing increasingly as it's become mainstream Maybe that view isn't shared by everyone But it's hard to say what will happen next year and you know how what will happen in terms of views around also stocks A lot of it is with the crowd thinks you know And if there's an existential shock or geopolitical thing that takes everyone by surprise that seems to be the only thing that people expect will cause on your list to come crashing down Michelle great story you and max worked on that That's great The shell Davis from Bloomberg news with the big take story here You can see it on Bloomberg dot com slash big take or any big take go on the terminal with our news in New York Here's Michael bark Thank you.

The Bahamas Michelle Bloomberg news max Davis Michael bark New York
"crypto bros" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:44 min | 10 months ago

"crypto bros" Discussed on Bloomberg Radio New York

"Off with crypto been some problems with some cryptocurrencies lately But it has been a huge year for coinbase Yeah hard to believe the nation companies direct listing was just in April An Emily Choi president in chief operating officer of coinbase tells Bloomberg's Emily Cheng crypto is on pace to hit a billion users in the next 5 years So she kicks things off here at the Bloomberg technology summit talking about how much coinbase has grown Yeah I can't believe we went public this year either I was thinking about it I was like asking somebody I was like do we have public this year What was the last year It's all a blur I think this was definitely a breakout year for crypto And it was kind of cool to just see how everything evolved So from our perspective I think this was the year that institutional finally really broke out It was something that had been discussed for so many years And we found institutions actually participating actively and growing in a space this year DeFi another huge trend I think we're now at a 150 billion of DeFi value in the market and that was a number close to zero not too long ago NFTs was obviously a big story for the year And then I think for us just being the first major crypto company to go public was kind of a watershed event for the whole community I think And so that was very special as well So everyone wants to know about the price Are we heading into a crypto winter You and I have talked many times over the last year you always say crypto is a roller coaster Is a roller coaster taking us into the winter We do not make any predictions about winters or summers What I will tell you is that everybody who kind of disproportionately benefits from crypto tends to just ride it out on the long term and beholders throughout the ups and downs It's definitely not for the faint of heart The thing with the winters is the OGs in the space absolutely love the winter Like Brian Armstrong loves a winter And the reason that they love the winters is frankly the fakers get out of the space the builders keep building They can focus without all the crazy hype around The fakers Well you know what you'll see is that they're in whatever the next winter is There will be companies that talk to big game about crypto but then we'll pull out And that's great because it means that the mission oriented companies and the mission oriented builders will stick through it and get disproportionate value as crypto Bros For coinbase the thing I learned was that we took advantage of these downturns to buy to go me which was the foundation for a prime brokerage We bought zappo which was the foundation for us to be the largest crypto custodian in the world So we tend to double down during those times when everyone else is fearful So talk us a little bit about how crypto crypto winters work because as you say you know a lot of new investors are here and especially over the last couple of years A flood of new investors think it's carrot they go away they don't understand the cycle How would you describe the cycle and what to prepare for I would describe this cycle as basically every cycle of crypto There's been a new high and then there's a low And with that low there's actually a higher trough So if you look at it on a short term basis what happens is it looks like oh my goodness it's crazy And then if you look at the long-term it's smooths out and then it creates this new higher higher peak every time And so it's just one of those things where you have to truly believe in the idea that long-term And if you stick through it it's great If you're a short term investor it's probably not a great thing Coinbase just raised a lot of money via bonds over the fall Is that coinbase preparing for the crypto winter We see so much opportunity I think the biggest struggle we have as a company is that we see no dearth of opportunity From M and a to organic investment and we're now at 3000 plus employees and so we just want to be able to as I mentioned take advantage and double down when we see these incredible opportunities and that includes everything from international to just the upper case we're seeing within our core business Last week alessia house your CFO said at the crypto regulatory hearing on Capitol Hill that coinbase now stores about 12% of the world's crypto assets That is huge How much bigger can coinbase become and how fast I think that we can become bigger and bigger and bigger I think that we have opportunities on multiple fronts of the business to become bigger and bigger and bigger And I think that the 12% is representative of the kind of trust that we have And this goes to the zappo acquisition that I was mentioning We bought zappo because we recognized that that was a very unique asset doubling down on this store of crypto that this custodian had kind of accumulated over time And that helped us create the foundation to continue to build this custody And so when you think about that the 12% number to me conveys the trust that both our retail and in social investors have in parking their assets at coinbase It seems like legislators are paying attention to crypto but there is not broad agreement in any way shape or firm about how crypto should be regulated What was your takeaway from that hearing I was very optimistic after that hearing If you heard the tone and tenor it was so positive and it was almost the acknowledgment that the U.S. is so behind the times in terms of approving a Bitcoin ETF in terms of the innovation that's starting to go offshore And so I felt like it was this reckoning almost like an acknowledgment that we need to make sure that innovation and entrepreneurship happens the United States And that was Emily Choi president and chief operating officer of coinbase with Bloomberg's Emily Cheng at the Bloomberg technology summit.

coinbase Emily Choi Emily Cheng zappo Bloomberg Brian Armstrong alessia house Capitol Hill U.S. Bloomberg technology summit
"crypto bros" Discussed on Kinda Funny Games Daily

Kinda Funny Games Daily

06:04 min | 10 months ago

"crypto bros" Discussed on Kinda Funny Games Daily

"Like, what's going on with the X defiant? What's going on with the heartland? What's going on? Where did go? What's going on with so many of these CBC? Where the fuck is roller champions? Oh my God. What happened to the pirate game called? That game's been announced for 20 years at this point. Dude, I swear like these, it's becoming like what Google does with their apps where they just try to experiment with a new thing and they go ah nah, that's not working out. We'll get rid of that. If you're entrenched in the entrenched entrenched. I like in drenched as well. If you're just if you're fully wet with Google sort of news and stuff, you'll see that that's how Google treats a lot of their apps that they try out and they say, oh, we're going to make a podcasting or we're going to do an app to kind of copy what Apple does and a lot of them just ultimately get thrown at toss aside because they just don't really concentrate on them anymore. Holy shit, we just rattled off like four or 5 titles that we don't have any answers for now. And I'm sure if we thought harder, we could rattle up probably 5 more, right? I think it's a symptom of ubisoft, like the UE soft ship, no pun intended, constantly moving and changing where the ubisoft announced beyond good and evil too. And even you thought that probably announced roller champions has gone through so many shake ups with their editorial team and how like a lot of people were exposed and a lot of people have left and gone and come back and all these things. Let alone business strategy changing. There was that the time where they delayed a bunch of their games because ghosts recon breakpoint didn't do well. That was kind of the final straw in terms of we got to get shit together. And so that's when they delayed immortals, Phoenix rising from the camels back. The straw that broke the camel's back. The camel that played bass, they deleted that they are not deleted. They delayed that and then delayed ghost recon nachos recon Rainbow Six quarantine at the time, now no one has extraction. And they change things a lot too. It feels like it feels like just a chaotic time at ubisoft. And I hope they get their shit together, right? They're a humongous corporation. They're a big, they're not an indie publisher. They are huge. And to see them kind of struggle for the last three to four years. It gives me concern because right now they have announced some big titles. They have Star Wars, right? They have avatar. And now they have splinter cell. They also have other things too. There's the Assassin's Creed free to play Assassin's Creed infinite thing that's in the works. They have a bunch of big things on the horizon, but this former UE soft gives me concern in terms of are they going to be able to knock that stuff out the park? I hope they are able to. And it's possible that all of these things just kind of come and go in ways because I remember when I got hired to kind of funny, we were talking about ubisoft on the upswing. And how Rainbow Six siege was this game that they dedicated time and love and resources to. And it found its footing, it found its audience, and suddenly there was this groundswell of support because they stuck with it and they made it right where at first it launched in a not so great state. And a lot of players weren't super happy with it, but it finally got to where it needed to be, and then we were talking about not only that, but Assassin's Creed kind of breaking that formula and bringing on every two years as the creed as opposed to every other year sort of Madden thing or whatever. And we saw more quality being put into that as well. So I felt like we had that upswing and we're slowly going back down, but hopefully this is the signs of a new sort of upswing coming up here with Avatar with Star Wars with Sam Fisher's all coming out. And hopefully management gets in line and hopefully, again, you hire me. All bad people, get the fuck out of here. Go, go. Get out of here. Get out of here. And I also don't want to be all doing gluten because I feel like I feel like I make it sound like every single UV soft game is a mess. And it's not, that's not the case, right? Like far cry 6 people like that assassin's revolver last year people like that. Watch dogs legion existed, right? It's not all demons about here, but you know did you say all this just for that joke? That was the only reason he did this job. Let's keep talking about use of those story number two. Ubisoft devs don't understand the companies NFT push either. This is Ethan at kotaku. Last week, we saw revealed its new NFT tech platform called quartz, and it didn't go well. The announcement that Tom Clancy's ghost recon breakpoint would be the first game to implement cryptocurrency backed items was downvoted on YouTube over 40,000 times. Now it turns out even many developers at the Assassin's Creed publisher have no idea what to make of the publisher's new NFT scheme. According to messages reviewed by kotaku, a post announcing courts on ubisoft's internal social media hub, mana, quickly filled up with questions and concerns from developers across the company. Some didn't understand which old problems the new tech actually solved, while others were worried about receiving mandates to start integrating NFTs into their own games. Quote, I still don't really understand the problem being solved here, wrote one employee. Quote, is it really worth the extremely negative publicity this will cause another asked? Quote, how can you look at private property, speculation, artificial scarcity and egoism than say, yes, this is good. I want that. Let's put that in art and quote. Quote, I normally try to stay positive on our announcements, but this one is upsetting, wrote a third. Some developers raised environmental concerns, while courts is being while courts is based on a cryptocurrency that derives its value from proof of stake technology rather than an exponentially more energy intensive proof of work algorithm. There's still a lot of debate over the strengths and weaknesses over this alternate form of crypto generation. Others simply felt like the announcement was just a vehicle for meaningless buzzwords and another unnecessary PR disaster. Quote, 600 hours to earn an NFT tweeted YouTube critics skill up. Quote, now crypto Bros will just AFK bot to farm hours so they can collect their shitty helmet. UE wins money or no, you be wins because they can book these metrics as, quote, increased MAUs, aka.

ubisoft Google CBC Sam Fisher Apple Phoenix Madden Tom Clancy Ethan kotaku mana YouTube crypto Bros
"crypto bros" Discussed on This Week In Google

This Week In Google

02:28 min | 11 months ago

"crypto bros" Discussed on This Week In Google

"That means about half of the people who donated are now going to either lose basically everything they put into Ethereum network fees. So who gets rich? By the way, same thing with NFTs. Who makes money in FT's? The people who generate the NFTs, the miners who charge the gas fees. That's who's making money on all this stuff. Yeah, well done. I mean, that's not terrible. I mean, if you are a creator, then NFTs might be interesting to you because you can generate NFTs get the fees. But if you don't sell it if you can't sell that NFT, you still had to pay the fee to generate it. And the people who made my point is they're always going to be a platform. They're the people making the picks for the gold miners. And they're going to be in the long run that people are going to make the money because they make it on average. That's not true. There will be the few gold miners who make money and some that will make a little money. And then you need picks and shovels. I mean, let's not nobody was demonizing the people making the picks and shovels back in. It feels like you're kind of demonizing the platforms here. It's not the picks and shovels. It's the boat captain who's going to rip you off, getting you up to the gold country. Yeah. Oh, okay. That's fair. I'm like, I don't know if this metaphor. I don't think the folks who organized constitution DAO made any money on the gas fees. I don't think so. In fact, they say it was a victory. If you go to the website. They say this project has been such an incredible experience, and we are so honored and appreciative it been on this journey with you. That's like when I fall down and I hop back up and I go, tada. This project was a landmark event that showed the entire world that a group of Internet friends can use the power of just a lot of money. Web three. Another buzz word to face a seemingly insurmountable goal in achieving incredible results on an impossible timeline. It is our sincere hope that this project will spark many others that take inspiration from the enthusiasm and accomplishments of everyone involved to use the power of web three to make a positive impact on the world. We love you all and are truly humbled to be part of this history together. I think there's a lot of potential to crypto and cyber and blockchain accept that. It got taken over by a bunch of crypto Bros. That male male jerks. Yeah. Okay,.

tada crypto Bros.
"crypto bros" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:39 min | 11 months ago

"crypto bros" Discussed on WNYC 93.9 FM

"Your stage where Carlos was speaking And every one of us has the power of poverty Yeah Carlos made his pitch for the auction very similar to the one he made to me that his NFTs would appreciate into a family nest egg a ticket to generational wealth Well that's not true What Don't you see some of the things that are going into the market and if these selling at home even knows enough these selling at $69 million There's this one part of the presentation that I can't stop replaying in my head When we all started watching this video being projected onto a screen on the stage Are you guys like crypto Bros Was that what kind of would you consider The day before the event Carlos and his team from metamorphosis had done an interview with Ethan Klein host of the H three H three podcast One of the most popular talk shows on YouTube This video which again is being projected at the club slowly turns into a roast I don't believe that Carlos owns the rights to that video Am I wrong How are you guys licensing that The actual person in the video is me But whoever took the video probably owns the license to the work right That's how that works They're exploiting who I am and they did it without my consent But it is ironic because it's called the redemption arc It would be funny if you guys have gotten legal trouble for this Yeah I'll be hilarious Hopefully the beds have a sense of humor For.

Carlos Ethan Klein YouTube
"crypto bros" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:23 min | 1 year ago

"crypto bros" Discussed on Bloomberg Radio New York

"It's giant. So, so they have music. They have television. They are into end, and I just am continue to be shocked. The biggest American publicly traded company still seems to be misunderstood by by analysts. It's amazing. Underestimate you've done this in your book and your writings over the years I've enjoyed 345. Buys where I sold and should have hold. What is the mental framework to not sell? So when you're younger, and and a little broker, you know, you start looking at trades that are working out. Hey, If I sell this here, I could buy a new car. And if this goes a little further, well, that's a down payment of the house and that sort of mixing the real world to your investment portfolios thinking about What it means in the real world. That's a That's a problem that a lot of young investors run into. That's very different. I've told the story many times that mid to late nineties I have vivid recollections of investors. Who had written through the seventies and enjoyed the eighties and nineties, saying, I'm going to take a little bit off the table from my portfolio, and I'm going to buy that vacation property I'm gonna do that's very different when you rotating from one asset to another. Then starting to think about your individual holdings and PS the crypto bro's love to do this with lamb bones. Hey, 40,000 on Bitcoin. I'm getting a Lambo. Well, now it's 50,000 And the question becomes. Is this a trading vehicle? Or is this something that you're using? To change your lifestyle to jump on that he Danek treadmill, not the best idea. Barry, if you're looking to take risk off the table, what would be your reason for doing? So, what is the biggest risk that you see? Um, well, Historically, investor behavior is always the biggest risk time and time again. That demonstrates itself I've written starting in July, and I think the street is kind of moved in this direction that the anti-vaxxers and having 30% of the American Population who is eligible for vaccine, refusing to take one. Potentially puts out at us at risk for an echo of 2020, not a full lockdown put an ongoing drag. I think the FDA approval yesterday. Might help that situation a little bit, and we've also seeing corporate America's leadership. Step up. I'm not a big New York Post reader. But there's a very amusing story Tweeted out this morning about Wall Street, marking the anti-vaxxers anti logic anti rationality, anti science. Members of their own. If you work on Wall Street, and you're not fascinated, expect to be humiliated and not be invited back to the office. Very riddles. Thank you so much. We greatly appreciate it. It's time now for a Bloomberg surveillance moment of silence. We do that for Mr and Mrs Lines Room, whereas they will survive the weekend as well. How your parents holding up cut to the chase. Everybody's doing great. Tom. Countdown is on. We're so excited. So ready. I didn't ask about logistics to take asked about you ever merits They're doing good. Martina and Andy. I bet they're listening right now. And and And this was deep planning into this Was this put together in 30 days. There has been one of these six year extravaganzas one year in the making, Tom, which I would like to think is a pretty short time and wedding wedding terms. Are you doing the grand tour of Europe? Is this the basic idea where you're gone? For three months and we see you know, I'll be back next Wednesday. I can't say what are too long. Like another romantic budding here. What are you coming back? Let me see. That's very funny. Well, where you Kaylie Thank you. Thanks. So much for your support here of Bloomberg surveillance with Pharaoh away, And we wish you um I don't know what we wish her my thoughts to your parents more than anything. Yes. Yeah, it'll be financed. And folks, this was a rumor that cut out on Twitter. Zac Brown is not playing the lines. Wedding Caylee. Best of good fortune coming up here. Balance of power. It's an eventful day in Washington. This morning. The president I believe, scheduled.

Martina Andy Zac Brown Europe July 30% Washington Kaylie Barry 30 days Twitter 2020 next Wednesday three months Tom 40,000 50,000 yesterday seventies Pharaoh
"crypto bros" Discussed on Giant Bombcast

Giant Bombcast

09:03 min | 1 year ago

"crypto bros" Discussed on Giant Bombcast

"Is it Did someone a group of people go out and buy a lot of other sealed copies of this and they're trying to bring the overall price up show that they can dump them on the market to unsuspecting. Do like what is the. What is the player. Even that doesn't make sense now. That doesn't make a whole lot of sense to it's a good story. It's like a good fun. Ocean's eleven ass story need to come in with to corner the market on the old mario sixty or is this like dad's going after like dad. How you might liquor store and use that money to invest in fuck in some dumb critic by some fucking. Nfc's and scam people that way. I mean it does feel like an investment for sure it is perceived value and. I think people are there you look. You are making a bed make no mistake you are rolling the fucking dice But i just don't believe that this is not done with out that investment portion of being considered for sure i just this is a bad investment. You know like did someone lose a bat and they're like Bro like did to crypto bros. Get fucked up and bid each other a copy of this. Because they're bored like you know like the is the the the other thing that happened alongside these price spikes. Is you have a lot of like young new money out there because people fucking hit it in a weird way on crypto or just did some shit on the stock market parents rich. Yeah a lot of sites to make money on z and there are so many to make money on game stop like the first game game stop was it was mario sixty four and someone else here. We are in a runoff bid turnpike kid who's dot owns shares in haliburton dumb money country right because viking Other law and then it goes for five grand six grand seven grand. There has to be more than one of these people with no impulse control to bid up that high right race right. It's the young. That is the most suspicious right. Like the thing i think. That's the the historic close on like was closing like a pay. Pay this and it doesn't go to auction price. I don't think there was a buy it now on it No i think they're suspicious. Quote fishy nece around this. Is the exponential jump from the last one that was sold that orbited a similar rating right. Like it wasn't old is that The only thing that happened is that it so keep in mind. Also we've had other auctions of actually rare items like very early printings of Original super mario brothers. There is a we just got. It was like just last week. It was like they held the record for like a few days where i run or very limited. Run copy of the first legend of zelda bright For like eight hundred seventy grand. That's something that like. A sealed copy of that is probably few and far between and a lot of ways. And it's almost certainly more rare even if we take the conditions into account year. It's a very nice condition. Nine point eight rated. Mario sixty four still. It's still only twenty five years old like there. There are more of those out there than these fucking these this run of zelda that the only made for like two fucking months like that's the thing the the rarity decides the market for right so like but not necessarily because like that's like there is a there is a level of people spending money on stupid stuff which is about how much it cost. That's the like super mario. Sixty four probably has more street cred than a lot of other retro games like i was picking up mail in my mailbox a couple of days ago. I haven't dude how to. He said it was a new oakland brand but it had like some stuff written on the back of it written in mary's sixty four text. Do you think about people who are our age. Think about what a cool game was that. Probably even some rare is game. They'll probably has more of like this is like the nfc thing or like buying expensive sneakers. The whole point is at a cost money because you fucking showed off on your look at your fight. go fight mayweather spin it. But there's got it but like if there's a bunch of nine point eight. Mario sixty four is floating around out there. The they're they're not out to nine point having down there potentially are like i would assume if there are this will make sure it shakes the tree and they will come you know out of the woodwork. But like i believe. That is the thing. And i agree like it. It does seem like it is inflated in a way that give me i run. Oh my gosh sealed hundred. Don't it dude million we talking here what you get it's fucking Arena collector's edition. Gold cars is that the one before patchy music this is. Yeah this would be very first run fucking carina like i already tight tight print on it. You should get that rated. That actually would be. I'm going to. I have a collection of things here. I need to get raided here about break out the big guns here. Here's a very well sealed copy of yoshi cookie for the any s. I mean box. One hundred grand in it. Yeah right this. This was unsealed. It's puts a copy of fun school two for the amiga six hundred. Oh i'll give you eighty five cents for that danny. It's the six to eight year old addition of fun to this. So let's go attraction that they only. I got the audio box copy of frog. Fractions fuckers sealed copy of magical chase for the turbo graphics. Sixteen only sold via mail order and the last offer i got on. It was about thirteen grand. Oh my god of we'll how you keep it bobble jeff. Jeff doesn't want this stuff to be expensive because then he's got no justification for. I want to get rid of all of it. I wanna get graded so so the original thing i want to do and i don't know that i'm gonna have time to do it so i might just go do it is i. Wanted to see if we could go out to wada and like talk to them about their operation and how they great stuff and all this other stuff and bring games out there and be like what about these pay them preserve located. Is it las vegas. It's okay yeah the country of las vegas which i would not recommend going to right now but yeah like i'm really fascinated by that whole operation and i happen to have some sealed games that i wanna get. Graded say only does cards and comics. They don't do gains or they do. They may have done games so wata is relatively recent in the grand scheme of things. There was another company. That was doing it before. But i think wada has risen to become kind of the the standard these days and And they also grade prototypes like they actually will send them to videogame history foundation for authentication and all that sorta stuff and they will kind of authentication prototype and then seal it up For people that want to do that and Which is super awesome as well Denver denver. Okay that's not that far not a great state to go to at the moment but But yeah so so. I actually went through the process of looking at like. Oh how much would it cost me to get this graded. And they're you know as a factor. I think a lot of this fucking land rush around this. Vj was the other one. Mr bad guy says that's right. Yes they were dehradun stuff their their response times to grading stuff and sending it back have increased. I think as a result of some of this as well as co it and all this other stuff. So they've got tiers of service now that like to get at magical chase graded would probably cost me. Five hundred six hundred bucks but like again for some of the offers that i have heard over the last couple of years that i almost took and.

mario haliburton Mario Nfc mayweather nfc oakland carina mary Arena las vegas danny jeff Jeff wada Mr bad Denver denver
"crypto bros" Discussed on Giant Bombcast

Giant Bombcast

08:45 min | 1 year ago

"crypto bros" Discussed on Giant Bombcast

"Even that doesn't make sense now. That doesn't make a whole lot of sense to it's a good story. It's like a good fun. Ocean's eleven ass story you need to come in with to corner the market on the old mario sixty or is this like dad's going after like dad. How you make liquor store and use that money to invest in fuck in some dumb critic by some fucking. Nfc's and scam people that way. I mean it does feel like an investment for sure it is perceived value and. I think people are there. You are making a bet. Make no mistake. You are rolling the fucking dice But i i just don't believe that this is not done with out that investment portion of being considered for sure i just. This is a bad investment. You know like did someone lose a bat and they're like Bro like did to crypto bros. Get fucked up and bid each other a copy of this. Because they're bored like you know like the do is the the other thing that happened alongside these price spikes. Is you have a lot of like young new money out there because people fucking hit it in a weird way on crypto or just did some shit on the stock market parents rich because a lot of site beta someone managed to make money on z and there are so make money on game. Stop it like you know with the first game. Stop was it was mario sixty four and here. We are in a runoff bid. Some kid whose dad owns shares in haliburton. There's dumb money right because viking other van then it goes for five grand six grand seven grand. There has to be more than one of these people with no impulse control to bid up that high right right right. It's the that is the most suspicious right like the thing i think. That's the the. The stark closed amish was closing like a pay. Pay this and it doesn't go to auction price tweeden. I don't. I don't think there was a by our on it. i think the suspicious quote unquote fishy. Nece around this is the exponential jump from the last one that was sold that orbited a similar rating. Right like it wasn't old is that The other thing that happened is that it so keep in mind. Also we've had other auctions of actually rare items like very early printings of Original super mario brothers. There was a we just got. It was just last week. It was like they held the record for like a few days where i run or very limited. Run copy of the first legend of zelda. Bright win for like eight hundred seventy grand. That's something that like. A sealed copy of that is probably few and far between and a lot of ways. And it's almost certainly more rare even if we take the conditions into account here it's a very nice condition. Nine point eight rated. Mario sixty four still. It's still only twenty five years old like there. There are more of those out there than these fucking these this run of zelda that they only made for like two fucking months like that's the thing that the rarity decides the market for right so like but not necessarily because like that's like there is a level of people spending money on stupid stuff which is about how much it cost. That's the point. Like and super mario sixty four probably has more street. Cred than a lot of other retro games like. I was picking up mail at my mailbox. Place a couple of days ago dude how to he said it was a new oakland brand but it had like some stuff written on the back of it written in mary's sixty four texts. Do you think about black people who are our age. Think about like what a cool game was that. Probably even some rare is game. That probably has more of like this is like the nfc thing or like buying expensive sneakers. The whole point is at a cost money because you get the fucking showed off the ground. You're at your fight when you're go fight mayweather spin it but there's gotta be there's a bunch of nine point eight. Mario sixty four is floating around out there. They're they're not out tonight. Point having value down there potentially are like. I would assume if there are. This will make sure it shakes the tree and they will come you know out of the woodwork. But like i believe that is the thing. And i agree like it. It does seem like it is inflated in a way that get me i ron oh my gosh sealed hundred dude million we talking here you know what you get. It's fucking carina. Collector's edition gold. Tars day patchy music. This is yeah. This would be very first run. Ooh fuck and karina. Like i already tight tight print on it. You should get that rated. That actually would agree on going to. I have a collection of things here. I need to get rated here about break out the big guns here. Here's a very well sealed copy of yoshi cookie for the s. I mean box has like one hundred grand. Yeah right this. This was unsealed puts a copy of fun school. Two for the amiga. Six hundred eighty five cents for that. Danny that's the sixty eight year old edition of fun. So let's let's go attraction that only got the audio box copy of frog fractions motherfuckers. Copy of magical chase for the turbo graphic sixteen only sold via mail order and the last offer i got on it was about thirteen. Grand oh my god of how you keep bobble jeff. Jeff doesn't want this stuff to be expensive because then he's got no justification for. I want to get rid of all of it. I wanna get graded so so the original thing i want to do and i don't know that i'm gonna have time to do it so i might just go do it is i. Wanted to see if we could go out to wada and like talk to them about their operation and how they great stuff and all this other stuff and bring games out there and be like what about these. Pay them preserve the. I don't know where they're located. Is it las vegas. Yeah the country of las vegas. Which i would not recommend going to right now but yeah like i'm really fascinated by that whole operation and i happen to have some sealed games that i wanna get. Graded only does cards and comics. They don't do games or are they. Do they may have done games. So wata is relatively recent in the grand scheme of things. There was another company. That was doing it before. But why think wada has risen to become kind of the the standard these days and And they also great prototypes. Like they actually will send them to videogame history foundation for authentication and all that sorta stuff and they will kind of authenticate a prototype and then seal it up for people that want to do that and which is super awesome as well Denver denver okay. That's not that far. Not a great state to go to at the moment but But yeah so so. I actually went through the process of looking at like. Oh how much would it cost me to get this graded. And they're you know as a factor. I a lot of this fucking land rush around this. Vga was the other one. Mr bad guy nine says that's right. Yes they were dehradun. The stuff their their response times to grading stuff and sending it back have increased. I think as a result of some of this as well as co vid and all this other stuff so they've got tiers of service. Now that like to get at magical chase graded i think would probably cost me five hundred six hundred bucks but like again for some of the offers that i have heard over the last couple of years that i almost took and.

mario Nece haliburton Mario Nfc van nfc oakland karina mary ron las vegas Danny jeff Jeff wada Denver denver dehradun