40 Burst results for "Double"
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Bitcoin Resilience in the Face of Macro Turmoil
"This episode of Markets Daily is sponsored by CME Group. It's Wednesday, October 4th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of the Crypto as Macro Now newsletter on Substack. On today's show, we're talking about bond market alarm, Bitcoin resilience, Ripple, jobs, and more. And just a reminder, Coindesk is a news source and does not provide investment advice. So you don't miss an episode, be sure to follow the podcast on your platform of choice. Now a markets roundup. Debt markets around the world are in turmoil. But before we talk about that and why it matters for crypto, it's worth talking about how well crypto markets are holding up. Given the meltdowns and melt ups going on in traditional assets, you'd expect them to be down by even more. According to Coindesk Indices, at 10 a .m. Eastern Time this morning, Bitcoin was trading at $27 ,428, down half a percent over the past 24 hours. Ether was at $1 ,636, down 1 .4%. Bitcoin continues to lead the market. Its dominance index, known as BTC .d, measures Bitcoin's market cap relative to the total crypto market cap. When Bitcoin is outperforming the rest of the market, this goes up. Yesterday it climbed yet again and is now at 50 .5%. Bitcoin now accounts for more than half of the whole crypto market. Bitcoin's strength is surprising given the colossal tightening effect of rising bond yields around the world, a rising dollar and a rising oil price. Tightening especially impacts risk assets, and crypto assets are arguably the riskiest in that bucket. Were typical correlations to hold, Bitcoin would be suffering. But so far, it isn't. It is easily outperforming most stock indices, even those considered less risky, such as the Dow Jones. This suggests that there is meaningful support in the crypto market. But rather than seeing it in price increases, we're seeing it in prices not falling by more. Ripple was a strong outperformer in crypto markets today, up more than 4 % to trade at 53 cents. This boost comes from two pieces of good news for the network's XRP token. One is securing a license from the Monetary Authority of Singapore, allowing it to keep providing digital payment token services in the region. The other is the denial of the Securities and Exchange Commission's request to appeal a recent call ruling. I'll be talking more about this in a moment. Moving on to strong signals in the macro market. Earlier today, the US 10 -year yield almost reached 4 .9%, while the 30 -year yield broke through 5 % for the first time since 2007. There seems to have been a pullback over the past few hours, but markets are spooked. It doesn't help that Fed officials are out on the speaker circuit repeating the mantra that rates may have to go up some more and at best will be higher for longer. It also doesn't help that global confidence in the US government's ability to function took a hit. Yesterday, the House of Representatives voted to oust the speaker for the first time in history. It also doesn't help that the higher US debt yields go, the more the US government will be paying in interest expense. This is triggering doubts about the US government's fiscal health. The price of insurance against a US government default has more than doubled over the past month and is now at the highest levels since the aftermath of the banking crisis earlier this year. What we are seeing is not just about rising interest rate expectations. That explained much of the climate yields over the past month. What we are seeing now is more about confidence, or rather, the lack of. The jobs market delivered some positive data this morning, however. This has allowed the bond markets to come down a bit and stock markets to recover some or all of the day's losses. The ADP non -farm employment report is a narrower, private version of the official report we will get on Friday. This morning's release of the employment change for September came in much lower than expected, an increase of less than 90 ,000 compared to consensus forecasts of over 150 ,000. This suggests that the US job market is finally starting to cool down, which means that the Federal Reserve might be able to ease up on interest rates ahead of expectations. The official report due on Friday does not always move in line with the ADP version, but we may get some good news then as well. Over in stocks, this economic data point has given markets some breathing room. US stocks were a sea of red yesterday, with all three major indices down more than 1 .3%. The NASDAQ led the decline with a drop of 1 .9%, its biggest daily drop in two months. So far today, however, the losses are much more muted, with NASDAQ gaining 0 .3%. The S &P 500 is still up almost 10 % year -to -date, although its gain is rapidly disappearing. The NASDAQ is holding onto its lead with a year -to -date gain of over 23%. And a sobering statistic for those that are still betting on a soft landing for the US economy – the Dow Jones index is now below its January level. Major European indices were also hit hard yesterday, with declines of more than 1 % across the board. Both the German DAX and the broader Eurostock 600 indices are at their lowest levels since March. The yield on the 10 -year German government bond, considered the safest bond in the European market, broke through 3 % earlier today for the first time since 2011. This morning has brought some signs of relief with more muted losses from the main indices. In Asia, the decline in Japan's Nikkei index accelerated in today's trading with a drop of 2 .3%. This brings the accumulated drop for the month so far to 4%, but the index is still 18 % up year -to -date. Japanese investors are not just spooked by moves in global bond markets – they're also keeping a close eye on currency movements. Yesterday, the yen -US dollar exchange rate broke through the symbolic level of 150 for the first time since late last year. Shortly after, the currency saw a sharp recovery, leading many to speculate that the Japanese central bank was again intervening in the market. That's possible, but it would be unusual for the Bank of Japan to do so without an announcement of some sort. Central bank intervention would be a big deal. It's more likely, at least for now, that it was some buying triggered by the decline in anticipation of eventual intervention.
WTOP 24 Hour News
Fresh update on "double" discussed on WTOP 24 Hour News
"Won the last three Thursday games 27 averaging points a game it'd be nice to see them put up 27 tomorrow okay put up 30 last week against Philadelphia yes you have to do this against a winless Bears team and to add to make a statement at home no that don't just win by three no or four or five all right yeah you want conditions with your double I do yes all right it's a tough turnaround that's for sure after an overtime game on Sunday Terry McLaurin how's the body a little sore I ain't gonna lie but uh uh when you get ready for a game man you gotta put that to a side and figure out if you're a real pro you gotta get your your mind your body ready for the next task ahead and that's Chicago and it's a good opportunity for us to get back on track so you know I'm doing all that I can I know the other guys in the locker room doing what they can to make sure our bodies are right tomorrow night at FedEx Field just after 8 o 'clock baseball it is game twos of these wild card today Rangers in the Rays 3 o 'clock this afternoon how about this last night just 19 ,000 people at Tropicana Field and for a playoff game in Tampa it is the lowest for a postseason game
Markets Daily Crypto Roundup
A highlight from Crypto Update | Bitcoin Resilience in the Face of Macro Turmoil
"This episode of Markets Daily is sponsored by CME Group. It's Wednesday, October 4th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of the Crypto as Macro Now newsletter on Substack. On today's show, we're talking about bond market alarm, Bitcoin resilience, Ripple, jobs, and more. And just a reminder, Coindesk is a news source and does not provide investment advice. So you don't miss an episode, be sure to follow the podcast on your platform of choice. Now a markets roundup. Debt markets around the world are in turmoil. But before we talk about that and why it matters for crypto, it's worth talking about how well crypto markets are holding up. Given the meltdowns and melt ups going on in traditional assets, you'd expect them to be down by even more. According to Coindesk Indices, at 10 a .m. Eastern Time this morning, Bitcoin was trading at $27 ,428, down half a percent over the past 24 hours. Ether was at $1 ,636, down 1 .4%. Bitcoin continues to lead the market. Its dominance index, known as BTC .d, measures Bitcoin's market cap relative to the total crypto market cap. When Bitcoin is outperforming the rest of the market, this goes up. Yesterday it climbed yet again and is now at 50 .5%. Bitcoin now accounts for more than half of the whole crypto market. Bitcoin's strength is surprising given the colossal tightening effect of rising bond yields around the world, a rising dollar and a rising oil price. Tightening especially impacts risk assets, and crypto assets are arguably the riskiest in that bucket. Were typical correlations to hold, Bitcoin would be suffering. But so far, it isn't. It is easily outperforming most stock indices, even those considered less risky, such as the Dow Jones. This suggests that there is meaningful support in the crypto market. But rather than seeing it in price increases, we're seeing it in prices not falling by more. Ripple was a strong outperformer in crypto markets today, up more than 4 % to trade at 53 cents. This boost comes from two pieces of good news for the network's XRP token. One is securing a license from the Monetary Authority of Singapore, allowing it to keep providing digital payment token services in the region. The other is the denial of the Securities and Exchange Commission's request to appeal a recent call ruling. I'll be talking more about this in a moment. Moving on to strong signals in the macro market. Earlier today, the US 10 -year yield almost reached 4 .9%, while the 30 -year yield broke through 5 % for the first time since 2007. There seems to have been a pullback over the past few hours, but markets are spooked. It doesn't help that Fed officials are out on the speaker circuit repeating the mantra that rates may have to go up some more and at best will be higher for longer. It also doesn't help that global confidence in the US government's ability to function took a hit. Yesterday, the House of Representatives voted to oust the speaker for the first time in history. It also doesn't help that the higher US debt yields go, the more the US government will be paying in interest expense. This is triggering doubts about the US government's fiscal health. The price of insurance against a US government default has more than doubled over the past month and is now at the highest levels since the aftermath of the banking crisis earlier this year. What we are seeing is not just about rising interest rate expectations. That explained much of the climate yields over the past month. What we are seeing now is more about confidence, or rather, the lack of. The jobs market delivered some positive data this morning, however. This has allowed the bond markets to come down a bit and stock markets to recover some or all of the day's losses. The ADP non -farm employment report is a narrower, private version of the official report we will get on Friday. This morning's release of the employment change for September came in much lower than expected, an increase of less than 90 ,000 compared to consensus forecasts of over 150 ,000. This suggests that the US job market is finally starting to cool down, which means that the Federal Reserve might be able to ease up on interest rates ahead of expectations. The official report due on Friday does not always move in line with the ADP version, but we may get some good news then as well. Over in stocks, this economic data point has given markets some breathing room. US stocks were a sea of red yesterday, with all three major indices down more than 1 .3%. The NASDAQ led the decline with a drop of 1 .9%, its biggest daily drop in two months. So far today, however, the losses are much more muted, with NASDAQ gaining 0 .3%. The S &P 500 is still up almost 10 % year -to -date, although its gain is rapidly disappearing. The NASDAQ is holding onto its lead with a year -to -date gain of over 23%. And a sobering statistic for those that are still betting on a soft landing for the US economy – the Dow Jones index is now below its January level. Major European indices were also hit hard yesterday, with declines of more than 1 % across the board. Both the German DAX and the broader Eurostock 600 indices are at their lowest levels since March. The yield on the 10 -year German government bond, considered the safest bond in the European market, broke through 3 % earlier today for the first time since 2011. This morning has brought some signs of relief with more muted losses from the main indices. In Asia, the decline in Japan's Nikkei index accelerated in today's trading with a drop of 2 .3%. This brings the accumulated drop for the month so far to 4%, but the index is still 18 % up year -to -date. Japanese investors are not just spooked by moves in global bond markets – they're also keeping a close eye on currency movements. Yesterday, the yen -US dollar exchange rate broke through the symbolic level of 150 for the first time since late last year. Shortly after, the currency saw a sharp recovery, leading many to speculate that the Japanese central bank was again intervening in the market. That's possible, but it would be unusual for the Bank of Japan to do so without an announcement of some sort. Central bank intervention would be a big deal. It's more likely, at least for now, that it was some buying triggered by the decline in anticipation of eventual intervention.
Bloomberg Markets
Fresh update on "double" discussed on Bloomberg Markets
"Raise down from 40 the % hike it initially proposed. Ford also would shorten the time it takes new workers to reach top the wage to less than four years from eight currently shares right now they're down about a half percent And aside from striking workers, Ford also has to worry about its electric pickup. Sales of its F 50 lightning plug -in fell 46 % in the third quarter as the automaker expanded its factory and delayed delivery of trucks for quote quality checks. Ford slashed prices on its lightning models by as much as 17 % in July to compete with Tesla as EV growth slows in the US and new research actually hybrids shows are making a comeback. Ford is doubling production of its F 150 hybrid and lowering the price by about nineteen hundred dollars. Those are the company stories we're following this hour. I'm Lisa Matteo and this is Bloomberg. Global market news changes in an instant so don't miss a minute. Listen to Bloomberg Radio anytime anywhere around the world. On the iHeartRadio app. Tune in. The Bloomberg Business App and Bloomberg .com. The Wheel. Together we have the opportunity to build a more sustainable and inclusive future at the Bloomberg New Economy Forum. We help make this possibility a reality by cultivating new connections among global leaders that transcend geographies, industries and ideologies. Because when global leaders work together, the outcomes benefit all of us. Learn more When you get your news from Bloomberg, you don't just get the story. You get the story behind the story. How your
Level After Next With Katie Barnett
Tim Branyan: Air Force Vet Turned Tech Mogul Shares His Origin Story
"So how old were you when you left the Air Force and started becoming a tech mogul? Yeah, so I don't remember exactly how old I was. I think I was 23, 22, 23. I got out and I didn't fully get out. I still had my toes in. I went to school, was really burnt out and depressed pretty quick and decided to jump at the chance to do contracting. So I did a similar job as a civilian contractor on an army contract. And really that's kind of where the tech adventure started was just after getting that job and playing a position, the mission as a civilian and making really good money, I was just like, man, I really want freedom. I want to own my life. Making this amount of money is great, but I worked a lot and I didn't really own my time. So I just became obsessed with like, how can I actually own my time? How do I make half of this money, but not have to trade hours for it? And how do I extend my vacation time? That was kind of the thought, how do I actually create freedom? I think so many people get feeling that way, but very few people end up asking those questions in a way where they're gonna seek to find those answers. So what did it take for you to leave something that was bringing in good money, but was taking so much of your time freedom away to kind of turn and be like, I'm gonna do something bigger here. Yeah, so belief, and I just got to a point where I was more afraid of regret than afraid of failing, attempting something that had a high probability, or at least that had a high belief level that could potentially work. So I'm pretty risk adverse. I know that's not maybe what you hear normally, like from entrepreneurs, burn the bridge, sink the ships, do your thing. That's not really my mantra. I'm more tactical with regards to working your job, working the thing that's paying you, and minding your freedom. So whatever it is that's paying your bills and taking care of your foundation, and I even try to limit the foundation that I really need. What I mean by that is reducing expenses and living small so it's easy to manage, and then working double time, triple time, focusing on the thing that's going to be my escape. And when I say escape, the thing that I was always working towards was this life I didn't need a vacation from, and the vehicle that would take me there. So that ended up becoming tech. It made sense. Like apps made sense. E -commerce, the digital real estate sort of world made sense to me, versus anything else that I racked my brain on. And yeah, I just, I gave it a shot, and I've been giving it a shot. I'm still learning, and I don't feel like you ever really arrive as an entrepreneur. If you do, maybe, I don't know. That's still, I don't think it's possible, especially at the rate at which things are always evolving. But yeah, I'm still a student. I'm still aggressively curious, and I'm still learning and figuring things out. I just have a different response when things go wrong, I think, or when things need edited, adapted. I think that's what, at least a lot of the people that have hit high success ranks, titles, money in their bank accounts tend to have those characteristics of adapting and overcoming. Absolutely. So that's really kind of the name of the game.
The Dan Bongino Show
Fresh update on "double" discussed on The Dan Bongino Show
"Miss your last. After taking the morning after pill this mom immediately felt sick and nauseous while searching for medical care. She found a preborn network clinic where she hoped to rule out that she was pregnant. I had an ultrasound done right then and there. After hearing the baby's heartbeat, I instantly thank God said and mayor will be done with seven months pregnant now. I thank God every day for my little miracle. This is Dan Bongino preborn is one of the largest providers of free ultrasounds in the country, introducing moms to the life growing inside side of them. We found that an ultrasound more than often doubles a baby's chance at preborn cannot do their good work without us. The community for $140 you can sponsor five ultrasounds and help rescue five babies lives. Just £2 .50 and say the keyword baby. That's pound 250 baby or donate securely at preborn .com Bongino B -O -N -G -I -N -O. That's preborn .com slash Bongino. Your love can save a day. Ever wonder why your business doesn't show up on online search maps, but your competitors do. It's hundreds of things. Things that
Unchained
A highlight from The Chopping Block: Michael Lewis Swindled, SBFs Effective Altruism Ruse, Ethereum Protocol Enshrinement - Ep. 552
"The claim that Michael Lewis makes is that he thinks that Sam lost his way, but fundamentally he was more or less the same guy. He never really believed in crypto. He always saw crypto as instrumental. And that, I think everybody who's ever met Sam agrees with, is that Sam was not a true believer. He didn't really care that much about the industry. He saw it as an opportunity to make money. But it wasn't because he loves cars or private jets or whatever. Not a dividend. It's a tale of two quants. Now, your losses are on someone else's balance sheet. Generally speaking, airdrops are kind of pointless anyways. I named trading firms who were very involved. DeFi protocol is part of the antidote to this problem. Hello, everybody. Welcome to The Chopping Block. Every couple of weeks, the four of us get together and give the industry insider's perspective on the crypto topics of the day. So quick intros. First, we've got Tom, the DeFi Maven and Master of Memes. Next, we've got Robert, the crypto connoisseur and Tsar of Superstate. Then we've got Tarun, the Giga Brain and Grand Poobah at Gauntlet. And finally, I'm Haseeb, the head hype man at Dragonfly. We are early stage investors in crypto, but I want to caveat that nothing we say here is investment advice, legal advice, or even life advice. Please see ChoppingBlock .xyz for more disclosures. Okay, so just for context for everybody listening, we are recording this on Monday morning, US time. The news by the time this drops, I'm certain is going to be 100 % about the FTX sandbankment free trial. So I believe the trial starts on Tuesday. So by the time this goes out, I think it's going to go out Wednesday morning. And so we're televising this from the past, basically. At the end, we should make our predictions and then our listeners can listen to whether we're horribly wrong or not about what will happen. Okay, all right. All right. We'll end the show with some predictions about how the trial is going to play out. The trial is going to take multiple weeks, so we'll have plenty of time to do the play by play as the trial is actually playing out. But in the lead up to the trial, all eyes have been on Michael Lewis. So Michael Lewis, a very famous finance writer. He was the author of the Flash Boys book, if I'm not mistaken, yes. And so he, long story short, he was kind of embedded with sandbankment freed for something about a year and a half since 2021, before FTX collapsed, basically more or less lived with him in the Bahamas and was writing a book, didn't know what the book was going to be about. And he's dropping the book tomorrow. So the day the trial begins, Michael Lewis's book is going to drop. It's called, what is it called? Finding Infinity or something. So I don't know, something like that. And he appeared on 60 Minutes to give something of a preview of what the book is going to be about and his perspective on sandbankment freed. And this interview has got the entire internet in a tizzy. I watched the entire interview. The first thing I'll say about 60 Minutes is it's really weird that 60 Minutes is not 60 Minutes long. Like if you watch it, it's like 27 minutes long, which is like, there are so many commercials on TV. It's crazy. There are multiple stories within an episode. So in aggregate, it's 60 minutes long, but you're right that the content is only like Oh, I didn't realize it wasn't the only story. Okay. You ever see 60 Minutes? Yeah. It's like 40 minutes of, I do not watch 60 Minutes except at very, very brief snippets when something important is on. To be fair, the ads definitely make it less than 60 Minutes, I'm pretty sure. Yeah. Well, I watched it on 2X. It was 13 minutes for whatever the period of that 60 Minutes was. So there were a few snippets from the 60 Minutes story that got the internet really excited. One of them was this anecdote that apparently near the end of the FTX, right before FTX collapsed, Sam Beckman -Fried, in part of his effective altruistic mindset and thinking about ways to ameliorate risk in the world, he believed that one of the biggest risks in the world was Donald Trump. And he knew that Donald Trump was going to be running in the next election. And so he contemplated paying Trump not to run in the upcoming election. And so apparently word of this got to Trump, Trump named a price, which was $5 billion, and SPF, at the time that FTX collapsed, apparently SPF was trying to figure out the legality of paying Trump not to run in the 2024 election, but then FTX collapsed and this never happened. Kind of an insane story. I don't know what you guys think of this. Obviously, there's no way he had the liquidity to be able to pay $5 billion in cash to Donald Trump. So this feels like kind of a harebrained story. Well, Alameda had the customer liquidity. And I feel like at a certain point, when they were doing the math, they did have access to $5 billion. I mean, there was also other stories where he was trying to invest multiple billion dollars in Elon Musk's takeover of Twitter. Like when these multi -billion dollar opportunities came up, I assume they looked at the metaphorical piggy bank, saw that there was high single digit, low double digit billions of dollars available and thought, well, what are the craziest things possible with this? It's not the first time there's stories of him using multiple billions of dollars potentially on something. So I believe it. I believe he probably tried. I'm sure that's not legal. Maybe it is. I doubt it. I can't see why that wouldn't be illegal. Not to rib a sieve like I did at that time, but you know who was doing all of these deals of trying to pay billions of dollars for both Twitter and Trump was McCaskill. So apparently the book describes the McCaskill piece as the interlocutor for all of these kind of ideas. So apparently he was the one who came up with the idea.
Bloomberg Markets
Fresh update on "double" discussed on Bloomberg Markets
"24. urn That's .com a urn .schemas You So capital we're talking plan. know, billions, the -microsoft So I'm big thing guessing is, the -com can you just dude. fix next plan Penn Station? So, um, urn will be Can you double do that, that? .schemas -microsoft tens of True. billions at least. of Can you make Penn dollars. Station -com That's urn Right. kind of the So, like .schemas -microsoft -com 24 hours a day. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Markets. With Paul Sweeney and Matt Miller. We got a lot of green on the screen here, but the volume is light. We underestimate constantly the strength of the U consumer. .S. This is a market that's much more optimistic or bullish than maybe central bankers are. Breaking Market News. An insight from experts. Bloomberg There's still some concern out there in the market that there is room for things to deteriorate a little bit more than what they're indicating. As small and medium sized businesses struggle, they don't present as much competition. The supply chain has still got dislocations globally and here in the U .S. This is Bloomberg Markets. With Paul Sweeney and Matt Miller on Bloomberg Radio. All right, coming up in this hour, we're gonna check in with Michael McKee Bloomberg's International Economics and Policy correspondent. Looks like we got kind of yields stabilizing here that's pushing markets higher. So we'll get his outlook on the economy. Markie Patel is going to join us as well. Senior Portfolio Manager at AllSpring
Telecom Reseller
A highlight from ICAS offers infrastructure, security, and surveillance products to enterprise, schools and municipalities, Podcast
"This is Doug Green, and I'm the publisher of Telecom Reseller, and today I'm with Mirko Notaranjola. Mirko, thank you for joining me today. Hi, Doug. I appreciate the invitation and the opportunity, and it's a pleasure to be here. Well, I want to welcome you. Mirko, we're making our third podcast today here at the amazing Mobile World Congress, and Mirko, you're the director of marketing for ICATS, so I want to welcome you to our podcast program. We're going to be talking about your company and so on, but before we dive into that, could you tell us a little bit about ICATS? Sure. ICATS is over four years of experience in technology infrastructure, and it is a family business in specializing assembly in 1979, and later expanded its core focus to network infrastructure. We have extensive and improved expertise in the mobility industry, IoT implementation, security, and electrical systems. We usually operate on a national scale, and throughout the years, we had the opportunity to partner with Fortune 500 companies to implement and deploy essential components that form the foundation of technology infrastructure. So what are some of the common challenges facing enterprises looking to update or deploy new wireless or networking technologies? Well, before embarking on a network upgrade or deployment, it's crucial to have a clear understanding of the existing infrastructure. The successful deployment of a new wireless networking technology, for example, requires careful planning and a clear understanding of organizational goals and the ability to navigate these common challenges effectively. I will say complexity also. Modern networks are becoming increasingly complex due to the adoption of new technologies, and managing these complexities, especially for large enterprises, can be difficult. So proper network design and management, management strategies are essential. Things run effectively. So how do operating according to industry standards and best practices make long -term performance impacts? Well, many industries have regulatory requirements and standards that organizations must meet. Adhering to these standards helps organizations avoid potential legal and financial repercussions. Following industry regulations pays basically the way for secure and prosperous long -term future. So what advice can you offer an enterprise facilities or IT manager tasked with updating or growing the network? Well, first of all, avoid the temptation of doing everything alone and collaborating with experts in every aspect of the network design and management. Rely on expertise, on the expertise of specialists, and bringing in the people that can help prevent costly mistakes. Choosing the right vendors and solutions for the organization's networks is a critical decision. So how does ICAST support security and wellness initiatives in schools? Oh, that's a good question. Many schools often face a double challenge. First, they lack the necessary personnel or IT expertise to effectively manage their technology infrastructure. Secondly, educational institutions typically operate on tight budgets. So this can lead to various issues including difficulties in maintaining and troubleshooting network, implementing new technologies, and ensuring that security and functionality of a digital learning environment. To bridge this gap, ICAST is offering comprehensive solutions tailored to the unique challenges faced by educational institutions. Through initiatives like the Empire School Safety Program, for example, ICAST provides schools with essential security measures including surveillance systems and access control. And digital signage or smart screens. Furthermore, we offer IoT solutions like pay to promote a safe and healthy learning environment. Basically, the rape detector, what it is, it's an IoT device designed to recognize the use of electronic cigarettes or vaping devices. It is installed in areas where vaping is restricted. And when the vape detector is tricked, it sends an immediate notifications alert, typically via text messages or email only to authorized personnel. So by addressing these technology and security needs, ICAST aims to empower schools and ensure that they can provide a modern and secure educational experience for everyone. So, Mirka, I really want to thank you for joining me today. It's been really enlightening. I hope we get to do this again, and I hope you have a great time here at Mobile World Congress. Where can we learn more about ICAST? Oh, if you're going to find more about ICAST by visiting our website, icast .org .com, they will discover detailed information about our services, expertise, and how we can help your enterprise or institution. It's been a pleasure. Well, it's been mine too, and I hope we get to do this again. Thank you again.
WTOP 24 Hour News
Fresh "Double" from WTOP 24 Hour News
"A strike against kaiser permanente there's no legislative action in speaker mccarthy was voted out yesterday and republicans now must decide on a replacement president biden expected to announce more federal student loan forgiveness today keep it here full on these stories in minutes at ten eighteen traffic and weather dates on back the to the in crawford in the traffic center and back to maryland regal mark on the capital beltway our john finds anderson the correct what he thought was a work zone and that was what we thought it was too on the outer loop as off you come of ninety five southbound and come from college park now we're looking for maryland state authority this is indeed a crash on the outer loop just beyond new hampshire avenue near the bridge over northwest branch and i believe they're blocking a right lane but delays are sizable coming through college park and coming off of ninety five southbound or trying to anyway to get past the crash outer loop after new hampshire avenue on the inner county connector maryland route two hundred still hung up badly after georgia avenue a single right shoulder now squeezing past the crash activity after exit eight on ninety five ninety five i should say we did have the double issues one before route one hundred was a disabled truck in the left center lane the one after route one hundred is going to be a work zone blocking the right lane in the district we work had a zone set up on the southwest freeway that's going to be southbound or westbound from the surgery tunnel toward the case bridge on the ramp to main avenue the left lane of three blocked on that ramp in virginia capital beltway outer loop delays starting to build across the legion bridge as we get through the work zone on the outer loop after georgetown pike should be a right lane to get by still waiting to see any signs of life on the on the inner loop jiffy lube service service centers keep you moving from oil changes and tire rotations to filters and wipers to a full range of services visit jiffy lube dc dot com for a location near you Ian Crawford WTOP traffic now to Eileen Whalen with the seven the news first alert forecast high temperatures back into the low to mid eighties later this afternoon with a mix of and sun clouds we are clear and cool
a16z
A highlight from When AI and Genomics Collide
"We built a language model for biology. The big problem in biology is that biology is hard. Biology is really hard. Biology is very hard. So why are you doing it? What is the big win? I mean, all of it is an AI -enabled architecture. Every part of our technology stack is intrinsically AI -enabled. Where do you think this confluence between AI and life sciences goes from here? There's so very few people who actually have the language of both disciplines and are able to bring them together. If you are a listener to this podcast, you're probably familiar with Moore's Law, where the number of transistors on an integrated circuit has doubled every two years. But what you might not know is the cost of sequencing the genome has fallen even faster. Since the Human Genome Project in 2003, the cost has fallen from about $1 billion to less than $1 ,000 today. And now, in 2023, these two trends meet, and one of the people at this fascinating intersection is Daphne Koller. Daphne, longtime professor in computer science at Stanford and co -founder of Coursera, has decided to step back into the arena with her company, In -Sitro, right at this intersection of computation and biology. In fact, the name is even a nod to this intersection, as a blend of in silico and in vitro. And in today's episode, you'll get to hear A16Z Bio and Health general partner Vijay Pandey speak with Daphne about the why now, but also how machine learning is fundamentally changing our ability to understand genetics. Without machine learning, without AI, the space would be so complex and so high dimensional that you couldn't even make sense of it, far less bridge between those two different worlds. So what can this unlock? We can now finally, for the first time, measure biology at scale. And this is like a truly engineered approach to discovery. Listen in to get a glimpse into what may be a new era of digital biology, and how this AI wave is really not just a moment of opportunity in bits, but also atoms. The next frontier of the impact that AI can have is when AI starts to touch the physical world. I think this convergence is a moment in time for us to make a really big difference using tools that exist today that did not exist even five years ago. This episode also continues our coverage of A16Z's exclusive AI Revolution event from just a few weeks ago, which housed some of the most influential builders across the ecosystem, including the founders of OpenAI, Anthropic, Character AI, Roblox, and more. So be sure to check out the full package, including all of the talks in full, at a16z .com slash AI Revolution. As a reminder, the content here is for informational purposes only, should not be taken as legal, business, tax, or investment advice, or be used to evaluate any investment or security, and is not directed at any investors or potential investors in any A16Z fund. Please note that A16Z and its affiliates may also maintain investments in the companies discussed in this podcast. For more details, including a link to our investments, please see a16z .com slash disclosures.
The Podcast On Podcasting
A highlight from Ep385: Stop Having Boring Shows By Using These Storytelling Tips - Reena Friedman Watts
"Try to find other ways to collaborate and continue the relationship versus being just one and done after the episode. A lot of people like they do an interview and then they never talk to that person again. Don't be that person, then your show will continue to grow. Most hosts never achieve the results they hoped for. They're falling short on listenership and monetization, meaning their message isn't being heard and their show ends up costing them money. This podcast was created to help you grow your listenership and make money while you're at it. Get ready to take notes. Here's your host, Adam Adams. What's up, Podcaster? It's your host, Adam Adams. And today I'm with Rina Watts from Better Call Daddy podcast. Better Call Daddy is where she'll interview just about anyone, about anything, interesting things. It's totally uncensored. And at the end, she has the guest ask her father a question because she says her dad knows everything and anything. And so they will ask. And I was recently featured on the podcast. I didn't know what to ask. I was like, geez, like where do I start? And unfortunately I wasn't prepared. I didn't have my question in front of me. So I came up with a question and it was like, what did your dad think when he had a girl? Because I've got a couple of boys. I have two sons and for the most part, boys are pretty easy. And you do want to raise them as gentlemen, but I think I would freak out if I had a girl. I would lock her in a whatever, like some type of up high thing. I would lock them up and I wouldn't let anyone see them or talk to them. I would be that weird controlling, scared to death dad, like we hear about in history. So I think God or the universe knew that and just gave me boys. That was perfect. So yeah, that's why I asked on her podcast, Better Call Daddy. So when that episode comes out, the link to it will also be in the show notes here. So you could probably just scroll down, check out that link to Better Call Daddy and also specifically that episode. And you can also connect with Rina on any social that she wanted you to connect with. Everything's down there. Her whole bio is also in the show notes as well. So anything you want to do, like finding her, connecting with her, getting to know more about her, just scroll down. Let's get into today's podcast interview about podcasting ultimately. And it's interesting because Rina has had her episodes. She's been going for well over 300 episodes and soon she'll be crossing 400 episodes. She's been really doing it for a little while. I want to find out like what has kept her there because for one, there's something that's true and it's called podfade. And depending on who you ask and which study it was, studies show that most people don't get past six or 10 episodes. Most podcast hosts never get past that. So she's in the 300s right now and she has 173 ratings and or written reviews on her podcast. And so it's like, what did you do to get all of that? Obviously, there's something good that she's doing. I will mention something that's part of her bio real quick. And it's that she worked with another person and she actually helped get ultimately top guests for them. And so I want to talk a little bit about today on this podcast, like how do you get top guests? How do you reach out to them? Because most of them have gatekeepers. So we'll talk about a few of these things. First and foremost, Rina, I've talked a lot, so I want you to say something. So I'm going to ask you a question. When was it that you launched your podcast? I want to hear the when and the why and the how did you launch your podcast? When, why and how? Great question. I launched in July of 2020. But even before that, I was thinking about it for a long time. So I had co -hosted someone else's podcast years prior. It started off where I was just booking guests, but then it was like two guys, they were both recruiters and they were like, Oh, wow, you've brought us some really interesting people. How would you like to fill in? And so that brought me back to my radio days. I worked for an NPR station in college and I really like the radio medium. And so they let me co -host a few times. And I got excited because I saw the numbers growing and I liked booking guests on that show. So I had gotten my feet wet, which I think is actually a good idea for podcasters. Either guest on other people's shows, co -host a show, starting a podcast, like you're talking about this pod fade thing. It's a lot of work that I feel like people don't think about. Marketing is just as big a piece as recording the episode. It's probably a bigger piece. Marketing is where I feel like people get burned out. So here's how I keep that easy. In the beginning, I literally was just sending an audiogram and a graphic and links to the episode. But then I built upon that. Then it was, Oh, hey, here's some copy you might want to use. The easier you make it for people to share, the more they'll do it. So send them different clips, send them audiograms, send them copies, send them links to the episode. And like you just did a pro tip, see how you can link in the show notes to help them. Do you have a website? I have a website. I have a blog. You have a blog. You have an email list. I have an email list. Try to find other ways to collaborate and continue the relationship versus being just one and done after the episode. I think a lot of people do an interview and they never talk to that person again. Don't be that person. Then your show will continue to grow. Can you guys do an Instagram live together? Are you talking to a streamer? Can you do a Twitch? Can you do a social media collab? Are you talking to somebody who's good at graphics? Can they make you a meme? Think of different things or different strengths that the other person that you're talking to has. Are they really good at rev share opportunities? Talk about affiliates. What is the other person that you're talking to doing that's working that you can get in on or learn from or also do? Interesting. Thank you for sharing all that. I keep going. I'm hung up on something though because I did the math. I looked. You had something that went out like on September 4th. You had something went out on August 28th and then August 21st and I'm noticing that it's about once a week. Yep. I've gone down to one a week. In the beginning, I was insane and did three a week. Ah, that's where it is. Okay, because I pulled up my calculator. You basically have been going a little over three years and so I calculated basically there's 52 weeks a year and you should only be on like 150, 160 episodes right now. You're like 330 -ish, so like more than double. I was going to ask what happened there. So let's talk about this because I know some podcasters who launch and maybe they're doing it or triple it. So they switch it to three a week or they switch it to one a week from one a month or I know maybe there's three somebodies actually who have gone to daily who started with like every other week or once a week and now they're at like five or seven a week. But for you, you mentioned that you had at three and that lately has been at one and I want to find the pros and cons. I want to find out why. I want to find out if it's working better. Were you getting burnt out? Why change from three to one? That is a great question. Well, there were multiple reasons. I would say a bit of burnout. Yes, like I wanted to stay fresh and now I batch record too. So I'm like six, seven weeks ahead of like releasing one a week. I think that if you only do one a week, then you're able to market it better. You're able to be fresher. You're able to do better research for the people that you're actually interviewing. You can be more selective in who you're picking. And here's another thing. There are some podcast hosts like yourself that do solo episodes as well. I haven't really done solo episodes. But what I have done is I've had other people interview me. I mean, I've been on other people's shows. So if somebody interviews me well, I will take that interview. I'll create a custom intro. I'll have my dad listen to somebody else interviewing me and then I'll have him respond to a good interview. So I've taken some of my best interviews of other people interviewing me. And I've re aired those on my RSS feed. It just gives you more content gives that other person another boost. It reintroduces an episode a collaboration. So I've done a few of those. But I have talked to other podcasters that, you know, are getting thousands of listens on each episode. And I am finding that they're either doing best of they're doing shorter, solo episodes, or they're doing tips. And those episodes can get just as many downloads as an interview. So I'm thinking about potentially maybe doing some extra daddy segments like me and my dad like reflecting on certain episodes that have stayed with us or daddy tips or I'm playing with that idea as an evolution. So there's a couple things that you said, one of them is that you can be more selective with the guest. And that makes complete sense. If you feel like you have to do seven episodes a week, three episodes a week, then it can get challenging to batch all those it can get challenging to stay ahead of the game. And so there is technically a likeliness going up of you being okay with somebody who is less quality. And so you avoid that by doing fewer. You also mentioned the truth is I'm like thinking on the tip of my head, like there was another reason that you said you slowed down. What was the other reason that you said you slowed down besides being able to monitor them? I was a bit getting burned out. I mean, I was cranking out so many that I wanted to make people want to listen more too. Like if you just give them out so easily, right? Oh, marketing. Marketing was the other one. I did mention the burnout. Somehow I just accidentally mentioned the burnout and forgot that I said it, but I mentioned the burnout and I mentioned the being able to focus on the guest and having good quality. But the other one that I missed that you did say is because you felt like you could market it a sec. Definitely. You can market it better because then you don't have to like, get out your clip, get out the graphic, get out everything. One day you can space it out. And the more you space it out, you're going to hit different people seeing it. I mean, you've got to really promote something like seven times for like your audience to see it. And here's another thing too. I've started working at cool .fm one day a week and I'm re airing best of episodes there. So I'm airing them sometimes a year after they've already aired. And a lot of podcasters, once they air it the first time, they never talk about the episode again. I try to find ways to get my back episodes re listened to. So I just interviewed the Jewish matchmaker, the host of Netflix's Jewish matchmaking. I had interviewed four people from Indian matchmaking a year ago. So I'm like, hey, if you liked Indian matchmaking in her episode, here's the links to those four. And now here's the Jewish version. Okay, cool. So your podcast Better Call Daddy, is it something that you make money from or no? Everybody wants to know that, right? It has led to me making money. Yes. Is it like, does it feed into a business or is it more advertising dollars? How have you made money through your podcast? In lots of different ways like entrepreneurs do, right? So I have made money by advertisers. That is not the route I'm currently going. I have made money through affiliate sales. I've made money by coaching other podcasters who are just starting out in how to do it better. So I do like coaching calls one on one, or I've also helped people produce their own shows. Okay, cool. In that last one, where you're supporting podcasters, is that something that you thought you would do in the beginning? That's a great question. So in the beginning, I did kind of want to demonstrate my love of marketing. Like, hey, if I put together something and package it cool, other people will want me to try and help them do that too. That was a thought, right? But it was kind of a pipe dream. I hadn't done it. I had worked in production before behind the scenes. I got my start in reality TV. I've worked in radio. I love production. I love storytelling. But had I helped somebody from start to finish do it? No, but it led to me doing that multiple times. Yes. You mentioned storytelling and loving storytelling. And I think that podcasts are a lot of storytelling. I'll even tell random stories that are more parables. It's not even a real thing. Obviously, I've made up the characters. They might be ducks or cave persons or something else. So I'll frequently tell stories. I'll tell stories about clients. I'll tell stories about people that have worked with our company and what they're going through. And frequently, if something comes up, I will liken it to an actual story. Because I think that that is really helpful and supportive. And on your podcast, you get interesting stories. Like you're just talking about interviewing people from Netflix on Jewish matchmaking and Indian matchmaking. I know that you've had phone sex workers. I should say the whole thing. Yeah, it sounds totally different if you don't use the whole thing. But on the podcast, and it sounds like the stories are kind of a big emphasis. Would you share why you think that they are and then after the why are they a big deal? Why does it help? Kind of the how the listener can be better with their stories on their podcast? Yes, that's a great question. So why? I just have a fascination and curiosity. And I have crossed paths with lots of interesting people. That's why I also thought I should have a podcast like I've kept in touch with people that I worked with in 9911 and VH1 and E and special effects animation companies and producers and directors. And I feel like a lot of people are and I wanted to bring some of those conversations into the forefront. How the phone sex worker is an interesting one, but I was a coach for Kathy Heller's launching a mastermind. And one of the girls that was in my group was a mental health worker by day and a phone sex operator by night. And I'm like, hell yeah, that's mompreneurship at its finest. I want to hear that story and talk to me like you talk to them. You know, like, wait, so you had her do the voice and everything? Hell yeah. But that was what did she ask your dad? What did she ask your dad at the end? I don't remember, but my dad has got a sons of humor. So I've had women on that have been sex trafficked. I've had a lady on who was a dominatrix. And there's been some funny moments in my dad has a sense of humor. I even had on the host of Netflix's show, how to build a sex room. And my dad was like, he's open to listening to it, but he's like, that's a little out there for me. He was like, I think I'd rather have like a romantic dinner and a walk on the beach. Like my dad. So like old fashioned, he listened to the whips and chains, but for him, that wasn't like so much a turn on. Okay. All right. So it would have been weird if he shared that it was with me. It was how would the listener? No, I'm hearing what you're saying and ignoring it on purpose. Okay. How would the listener think to themselves like the best way to adding in people's stories or their own stories to help with engagement, entertainment, and probably even sales persuasion? Okay. So one thing about storytelling that I've learned is it's really a dance between the and interviewer the interviewee, right? Like you're sharing a bit and I'm sharing a bit and you're really listening for how you can keep the conversation going. You're not just going to your next question. How do you know that? How do you know? I don't just have seven questions that I need to get through in the time of 20, 30 minutes. You can feel it. I can feel it. I like that. All right. Well, keep going. I didn't mean to interrupt you. Hear it and you can feel it. Yeah. So it's okay to have bullet points, but I shouldn't be able to tell it's okay to do your research, but don't be so married to your questions. You have to leave room for magic to happen in the conversation. You have to genuinely be interested in what the person's saying. And I think also new interviewers don't do little things like, tell me more. How do you feel about that? Just little followups like that can make the person who's telling their story open up even deeper. And they love that. So those little tricks of getting a deeper answer from the person who's telling their story will make your story better versus just having a big question and answer, but try to get deeper by just giving them a little yes and. Okay. So to be clear, one of the things that I think I'm hearing you say is if we're interviewing, a thing that we can do that can be beneficial is ask more questions about what they're already talking about. Yes. How did you feel about that? What got you into that? Tell me more about that. These are good things. Is that right? Yes. I love how you just re -paraphrased that and said it better. That's another really awesome technique. Some people are really good at paraphrasing. And actually, the reason I decided to have my dad at the end of my show is because my dad is really good at summarizing what I say and saying it in his own way, but he knows me so well that he's able to connect my crazy thoughts. And I think not everyone when they're starting out podcasting is able to give people the key takeaways at the end. So have a notebook next to you and write down maybe your key thoughts that you want people to remember. That's another really, I feel like, advanced technique in storytelling is what do you want to leave the audience with? Give people those main points at the end. And I love that my dad does that for me and he puts his own spin on it. Yeah. I like it. I'm writing that down. So that's why you don't hear me asking a question. Main points down at the end. I've got some good notes from you so far. We're talking about how you launched a podcast July of 2020. You started out with doing multiple episodes. You slowed it down. And there's a lot of reasons. You were feeling overwhelmed. It was too high of a cadence, but you also justify that with some other things that can be beneficial. For example, it's like, now I can really hone in on who I'm having on. Additionally, not only am I honing in on it, but I can market a little bit better. And I can pull out new things and share them for a while. And you also mentioned how you do what's called callbacks. I was watching a comedian and he was talking about his own callbacks. And he was talking about, he's like, my jokes are so funny because I can do all these callbacks. So he had this whole skit and he kept doing the callbacks. And I think any good comedian will, where they jump into a point that they had mentioned earlier on in the joke. And they wrap it all together. For example, if we found a way to talk about phone sex workers again later on in this, or like where all of a sudden it's just like that phone sex worker or something like that. This is a good way to call back. And you do it with previous episodes. You mentioned that when you're doing the Jewish matchmaking, I think you said, but you had already done with the Indian matchmaking, I think. Is that correct? And so you put the four episodes in the show so now people can get to it easier. And also you mentioned it. And not everybody who comes on this show talks about callbacks like the comedians would, even in the same episode and referring to things that we've talked about before. And not everybody talks about callbacks in the way that you mentioned where you basically share a different episode that you had in a previous time. Like if you like this, then you might like that. Or we're talking about this today, this other episode also talks about it. I like the feedback about using stories, storytelling. And in a way, I just used storytelling of me just watching a comedian talking about callbacks to emphasize a point. And I didn't notice it until I'm looking at the stories right now. But these things where we bring in outside stories or other people's stories can really help to be able to be, as you were illustrating, helps us to be able to be more entertained, to learn more, et cetera. And then you mentioned something that I'm kind of doing right now in a way. It's like it's hitting the main points. And your dad does that at the end of your episodes. I try to do that at the end of episodes as well. I call it tell them what you're going to tell them is the first part. The middle part is tell them. And the last part is tell them what you told them. And so it's like, we're going to learn about this. And then you teach them the thing. And then you say, today you learned, and you share it. And these are like giving those main points, making sure that they're down. And so we've had fun already so far. But we've also learned a few really cool things from you about promotion, callbacks, stories, and repeating the main points. I want to take a quick break. When we get back, I'm going to talk more about how you make money. I'm going to talk about your best advice to a podcaster find and out if there's anything you're struggling with. So how you make money, main thing that you want to share with a podcaster. And we'll be right back.
Evangelism on SermonAudio
A highlight from Hope for the Cursed (2)
"Well, let me ask you to turn in your Bibles to 2 Kings 7, and we're going to read verses 1 -20. 2 Kings 7, beginning in verse 1, this is the infallible, inerrant word of our God. Then Elisha said, hear the word of the Lord, thus says the Lord, tomorrow about this time, a saith of fine flour should be sold for a shackle, and two saith of barley for a shackle at the gate of Samaria. So an officer, on whose hand the king leaned, answered the man of God and said, look, if this thing be, and he said, this is Elisha now talking, and he said, in fact, you shall see it with your eyes, or you shall not eat of it. Now there were four lepers, men at the entrance of the gate, and they said to one another, why are we sitting here until we die? If we say, we'll enter the city, the famine is in the city, and we'll die there. And if we sit here, we die also. Now therefore come, let us surrender to the army of the Syrians. If they keep us alive, we shall live, and if they kill us, we shall only die. And they rose at twilight to go to the camp of the Syrians. And when they'd come to the outskirts of the Syrian camp, to their surprise, no one was there. For the Lord had caused the army of the Syrians to hear the noise of chariots and the noise of horses, the noise of a great army. So they said to one another, look, the king of Israel has hired against us the kings of the Hittites and the kings of the Egyptians to attack us. Therefore they arose and fled at twilight and left the camp intact, their tents, their horses and their donkeys, and they fled for their lives. And when the lepers came to the outskirts of the camp, they went into one tent and ate and drank and carried from it silver and gold and clothing and went and hid them. Then they came back and entered another tent and carried some from there also and went and hid it. Then they said to one another, we're not doing right. is This day a day of good news and we remain silent. If we wait until morning light, some punishment will come upon us. Now therefore come, let us go and tell the king's household. So they went and called to the gatekeepers of the city and told them saying, we went to the Syrian camp and surprisingly no one was there, not a human sound, only horses and donkeys tied in the tents intact. The gatekeeper called out and they told it to the king's household inside. So the king arose in the night and said to his servants, let me now tell you what the Syrians have done to us. They know that we're hungry, therefore they've gone out of the camp to hide themselves in the camp and they'll catch them alive and get into the city. And one of his servants answered and said, please let several men take five of the remaining horses which are left in the city. Look they may either become like all the multitude of Israel that are left in it or indeed I say they may become like all the multitude of Israel left from those who are consumed. So let us send them and see. Therefore, they took two chariots with horses and the king sent them in the direction of the Syrian army saying, go and see. And they went after them to the Jordan and indeed all the roads was full of garments and weapons which the Syrians had thrown away in their haste. So the messengers returned and told the king and the people went out and plundered the tents of the Syrians. So a seah of fine flour was sold for a shackle and two seahs of barley for a shackle according to the word of the Lord. Now the king had appointed the officer on whose hand he leaned to have charge of the gate but the people trampled him in the gate and he died just as the man of God had said who spoke when the king came down to him. So it happened just as the man of God had spoken to the king saying, two seahs of barley for a shackle and a seah of fine flour for a shackle shall be sold tomorrow about this time in the gate of Samaria. And that officer had answered the man of God and said, now look, if the Lord would make windows in heaven, could such a thing be? And he had said, in fact, you shall see it with your eyes but you shall not eat it. And so it happened to him for the people trampled him in the gate and he died. The grass withers and the flowers fade but the word of our God endures forever. Let's pray. Our Father, we thank you for your word. We thank you that it is true truth and we pray that that truth would reach into the minds and hearts of your people this evening and we ask this in Jesus' name, amen. Well, there's congregation of our Lord Jesus Christ. You may recall from last week that I said from chapter 6 verse 24 all the way down through the end of chapter 7 where we're dealing with a text that hangs together. It's a single narrative. I chose to divide it up for practical reasons but I do want you to know this, the chapter break, chapter 7 is a bit arbitrary. Now on the previous Lord's Day, we focused on chapter 6 that highlights some of the implications of Israel's desperate predicament. The Syrian army had besieged Samaria which meant there was a blockade around the entire city, nothing going in and nothing going out. And just as the siege intended, it created in Samaria a catastrophic famine where something as unsavory and unappetizing as a donkey's head or dove dung cost an absolute fortune. So the people simply had nothing to eat. Now you'll remember from last week the implication of their predicament was much worse than donkey heads and dove dung. King Jehoram went out and he was inspecting the city walls and he encountered an evil. That's truly breathtaking. There were mothers who were killing and eating their children and it's important to pause here and remember what we learned last week, that Syria besieging Samaria, the famine and even that grotesque cannibalism were actually implications of Israel's predicament. Their predicament, their actual problem is that on account of their idolatry and disobedience, they had fallen under God's covenant curses. Now if you want to explore God's covenant curses as they relate to this passage, you can check them out at Deuteronomy 28 verses 52 through 57, Leviticus 26 verses 27 through 29. We looked at that passage last week. The point is God had given them over and he's pulled back his hand of restraint and we're Well even Jehoram seemed to be shocked by the events and he made a show of tearing his clothes so that people could see he seemed to be mourning and then underneath the clothes on the outside he was wearing sackcloth on the inside and that of course is a garment typically associated with repentance and his repentance was a sham. We know that because instead of seeking out God's prophet for a word of direction or a word of comfort or a word of deliverance, the king's impulse was to have Elisha murdered. He actually sent an assassin to take Elisha's head but of course the prophet of God to whom God reveals himself knew what was happening and barred the door from the messenger and assassin. And as the men held the door, the king showed up right on the heels of the assassin likely wanting to make sure that the job got done and we began to learn there near the end of chapter 6 that the reason Jehoram was filled with bitter anger toward Elisha is because he's the one who told the king that those events that Samaria was experiencing were the Lord's judgment and that he must repent and wait on the Lord. And now having learned what those women were doing Jehoram's done waiting and chapter 6 ends with Jehoram making it clear that from his perspective the one to blame for this whole sordid mass is Yahweh. It's his fault. Look there at the end of verse 33 in chapter 6. Surely this calamity is from the Lord. Why should I wait for the Lord any longer? Most of Israel is living in spiritual darkness choosing to worship false gods. Samaria is enduring God's just covenant curses and they aren't at all bashful in telling their king that they're engaged in the worst imaginable kind of evil, cannibalism. And King Jehoram no longer has patience to wait for Yahweh and the reason he wants to take Elisha's head is because he can't get to Yahweh's head. And one of the most surprising truths that unfolds when we make the transition to chapter 7 as great and shocking as Samaria's sin is, as great and shocking as Jehoram's sin and impatience is, we come to something more shocking, something that's gloriously shocking. We learn that God's grace and patience eclipses their sin and impatience. We're getting a picture that God's grace is greater than all our sin. I mean the king is at Elisha's house to kill God's prophet and God's going to announce through his prophet a message of good news. That's why I entitled the message this week and last week Hope for the Cursed and that's what we pick up this evening. Look there at verse 1, it sets the stage. Then Elisha said hear the word of the Lord, thus says the Lord, tomorrow about this time a saya of fine flour shall be sold for a shackle and two sayas of barley for a shackle at the gate of Samaria. He said don't miss this. Elisha provides a kind of double affirmation to make it clear what he's about to speak is a divine message. Hear the word of the Lord and then thus says the Lord. It was a way of saying this is God's word you're hearing, don't miss this. This isn't just my voice you're hearing, you're hearing God's voice. And the message from Yahweh is that in just 24 hours there will be relief. Prices will return to normal, commerce will resume at the marketplace, at the gate, at the entrance of the city. It's amazing news and it's nothing less than God's good news of deliverance to people who utterly don't deserve it. Of course the news is so amazing and so good that Jehoram's captain is convinced it's simply too good to be true. And listen to the poetic way he describes his skepticism. Look, if the Lord would make windows in heaven could this thing be? The captain sure knew how to turn a phrase didn't he? But his eloquence simply masks his rank on belief. God's made a glorious promise. He's offered good news in a context of utter despair and hopelessness but that's not for him. He can't make sense of it so he just settles in his doubt. God can't possibly do this thing. And by the way we can rightly criticize this captain but isn't that a thought that plagues our minds often? We hear the promises of God and in the back of our mind. We think God can't really do this thing can he? I think we can struggle with that as well. Well as hope begins to emerge here in chapter seven we also do get this word of judgment. Because where there's salvation there's going to be judgment. And so Elisha tells the captain you're going to see God pour out this promised abundance on his people. You'll see the promise fulfilled but you won't participate in the cursed estate. And we'll see when we get to the end of the chapter that not only is God's word of promise and salvation fulfilled but there's always his word of judgment so sort of hold that thought for a couple minutes. Now Elisha didn't tell Jehoram or his officer how God would fulfill his promise but we're sort of privy to what's going on. You know it's something they used to do in the older movies. Meanwhile over here and that's sort of what we get. Meanwhile over here we find God's rescue and deliverance is going to begin in an unlikely place and with some unlikely man. We're told in verse three that there are four lepers who are at the gate of the city. That's an interesting place to be because lepers were driven out of the city and they wouldn't have been normally hanging out at the gate. They would have been pressed beyond it. So you have to think it's because there's a blockade and because the gate's closed they've gotten over there. Because lepers ordinarily can't enter the city where God's people dwell because they're unclean. So the gates shut up tight. But here's the thing, they're in this weird predicament where they can't get into the city to get away from the Syrians. They're sort of pushed between the Syrian and Samaria and they're in a desperate place. And they start to take stock of their situation and they apply some leper logic. If they stay at the gate they'll die. They think if we manage to find a way to get into the city and this famine continues we'll die. On the other hand if we go to the Syrian camp we could very well die. I mean they may very well kill us but at least there, there's this slim possibility, just a slim possibility that they might let us live. So having weighed their options leper logic said we're going to the Syrian camp. And we're told there in verse five, and they rose at twilight to go to the camp of the Syrians and when they had come to the outskirts of the Syrian camp to their surprise no one was there. And what a surprise it must have been. They certainly thought when we get to the camp we're going to be in grave danger. But they're not. And they must have wondered what in the world has happened. And again we're privy to what God was doing. Yahweh had made the Syrians here what sounded like a great army, an army with a mighty cavalry and they heard these incredible sounds. It's hard to contemplate the volume, the decibels that must have been thundering outside of Samaria. And the Syrian soldiers they're sure that Jehoram has hired mercenaries to come from the Hittites and the Egyptians and the Syrians were so terrified at these loud sounds of soldiers and armies that they don't even bother breaking camp. They simply beat feet out of there leaving behind their tents, their livestock, even their gold and silver. What they heard struck terror in their hearts and then they fled for their lives. It's really something isn't it? And you'll remember we learned this just a couple weeks back. It shows us the story of the sovereignty of God over his enemies and ours. God had blinded the Syrians to protect Israel and especially to protect his prophets. God was feeding intelligent reports to Elisha again to protect his people and protect his prophets. Now he overcomes their enemies with the sounds of a great military. Again, behind this is God's willingness to fight for his people, to ensure this victory for his people. Whether it's blinding, deafening sounds, secret intelligence reports, God is fighting the battles of his people. And when the lepers, again they don't really know this. We know this, but the lepers don't know this. They enter the abandoned camp and they experience what will be for them. A life changing, transforming reversal of fortunes. In that moment they went from poverty to plenty. And basically they're granted all the benefits of the spoils of war without ever having to lift a finger to fight it. And as soon as they get their bellies full of food and drink they actually start stockpiling gold and silver. One moment these poor four lepers were destitute and the next moment they've got a fully funded retirement account. And this really is one of those passages that you read and you can't help but see all kinds of gospel reflections, right? I'm sure some of those have come to your mind. Let me just mention a couple. First, the lepers were transformed from a state of desperation to a state of salvation. They were little more than the walking dead, right? Now they have life and they have it abundantly and it was all God's doing. It was the sheer undeserved grace of God. These lepers didn't deserve kindness any from God and yet they're the objects of the exceeding kindness of God. And this certainly describes how God saves sinners, doesn't it? It's a little picture of that. How God saves sinners and grants us new life in Christ. Even when we were the walking dead, dead in trespasses and sin, God made us alive together with Christ by grace. You've been saved, Ephesians 2 .5. And we've been raised up and seated with Christ in the heavenly places so that in the coming age we will see the exceeding riches of God's grace for us in Christ, Ephesians 2 .7. Grace and riches are what deliver us from the dead lepers experienced. It's only a faint blip on the radar screen compared to the grace and riches God provides us in Christ. And again, we don't lift a finger and the victory is won for us and we enjoy that inheritance forever. A second way we see a gospel reflection is that the lepers experienced sovereign grace. Now it's obvious as day just reading through this passage that the lepers good fortune is clearly God's doing and all of God's doing. But there's a little detail in the text that seems to be inserted here to show us just how precisely God's orchestrating these events. It says in verse 5, the lepers left for the Syrian camp at twilight. And then we see in verse 7, it was right at twilight that the Syrians fled. By the way, this word twilight in the whole Samuel, Kings, Chronicle narrative is used three times. Once back in 1 Samuel 30 and then twice here. So this word is meant to catch our attention. The lepers left at twilight. The Syrians left at twilight. And perfect timing. It's not arbitrary, not accidental, and not coincidental. It's to highlight that God's working out the purposes of his will to bring a salvation to these lepers right down to the precise time that one leaves and the other shows up. God's superintending over the details to provide salvation and an undeserved inheritance to the lepers. And then we see and isn't that what we have? In Christ we have obtained an inheritance having been predestined according to him who works out all things according to the counsel of his will. Ephesians 1. There are a number of little gospel gems here, but I'll leave it there. The lepers, they're enjoying their new fortune. And some are very critical of the lepers because it took them a while to realize this, but they do realize something. They realize while they're enjoying God's blessing, there are still people inside Samaria who are starving. And so in verse 9 they said to one another, we're not doing right. This day is a day of good news and we remain silent. If we wait until morning light, some punishment will come upon us. Now therefore come, let us go and tell the king's household. Indeed it is a day of good news and they want to proclaim it. You know it's interesting, we heard something of that in Psalm 96 this morning, didn't we? Psalm 96 verse 2. Sing to the Lord, bless his name, proclaim the good news of his salvation from day to day. These lepers, they've experienced that good news and they want to proclaim it to the folks in Samaria. The word good news in Psalm 96 and in 2 Kings 7 is from the root word that means that's besor or besorah. And it's the Greek translation of that word is probably one you've at least heard echoes of. It's euangelizumai, it's the evangel, it's glad tithings, it's good news, it's gospel. And for these lepers having personally experienced this good news, it's their impulse to go and tell others and they know if we don't do that we'll be guilty of being stingy with the good gift God's given them. Now you could probably arrange a whole sermon around what this teaches about evangelism and frankly some very wonderful expositors have done that but we don't have time but you could ground a whole sermon on evangelism from this text and you wouldn't be stretching the text. You could describe how these lepers were beggars who had nothing to eat and all they were looking for was scraps and once they had been given bread they wanted to go and tell other beggars where they could find bread. You could work that kind of thing out or you could point out that the lepers were outsiders who are now saved and go to tell insiders, right? Because these are the people who weren't allowed into communion and fellowship with the covenant community and now they're the ones with the gospel. I was talking to someone very recently within the last couple of weeks and I mentioned to them that America receives the second highest number of missionaries of any country in the world, right? So again the harvest is plentiful and those of you who like and have been blessed by the ministry of Alistair Begg, he came to this country some 30 plus years ago to be a missionary and you know what he identified as his mission field? The evangelical church.
Unchained
A highlight from The Chopping Block: Which DeFi Metrics Are Still Useful in a Bear Market? - Ep. 550
"Token economics can do way less than the industry on the whole has claimed that it's able to do and so for the most part I Sort of consider token economics to be a little bit of a dirty word today compared to how I saw it two years ago It's a tale of two fun. Now. Your losses are on someone else's balance generally speaking aircrafts are kind of pointless Anyways, I'm into trading firms who are very involved DeFi protocols are the antidote to this problem Hello everybody Welcome to the chopping block every couple weeks the four of us get together and give the industry insiders perspective on the crypto topics of the day So quick intros first we got Tom the DeFi Maven and master of beams Next we got Robert the crypto connoisseur and czar of superstate then we've got to ruin the giga brain and grand poobah at gauntlet And finally, I'm a seed that had high mana dragonfly So we're early stage investors in crypto But I want to caveat that nothing we say here is investment advice legal advice or even life advice Please see chopping blocks at XYZ for more disclosures Alright, so it's been a crazy couple weeks. There's been a lot of conferencing going on I think most of us minus Robert were at token 2049 in Asia I guess Tom and to ruin you guys are back in the States. There was also main net in New York What's been the vibe? Give me give me the brain dump of what conferencing has felt like in the last few weeks The u .s. Is dead as a doorknob for crypto It seemed like the u .s. Conferences had less attendance than they normally do amongst other things Whereas the Asia conferences were crazy like I just didn't think there were 12 ,000 people who wanted to go to a crypto conference in 2023 and clearly there was much more in Singapore Singapore was insane Yeah, I think token 2049 had more people than East Denver. Like it was it was pretty wild I mean it is like the premier event in Asia and it's sold out. Yeah It was gigantic venue, right? One of the I mean obviously if Denver was a very large venue as well, but it was it was it was absolutely massive Robert you were at permissionless. How did permissionless feel? I mean compared to prior years permissionless Felt, you know pretty quiet really high quality group of people, you know The conference goers that were showing up to a conference in Austin, Texas during a relatively hot week in September We're not totally like broad retail audiences. Most of people that were closer to industry closer to Happening in this space and a little bit more informed than you know, I've seen elsewhere so Small like token 2049 pulled a lot of people last -minute from permissionless I think a lot of people were planning to go and then decided like oh shit This seems like there's so much happening in Asia. I gotta I gotta go out there So I think the timing was a little unfortunate for permissionless, but there was a clip of Eric Voorhees Giving I guess what was like the keynote. It was pretty amazing. If you haven't seen it, I would strongly recommend watching it It's got like a couple million views or something and it's essentially just like a rallying cry Just sort of a credo of hey, you know screw the government Like we're trying to build a decentralized alternative financial system and it really kind of plucked to the heartstrings I don't know. Do you see that live? I did not see that live I actually had to take off right before that speech, but I was able to watch it online afterwards It reminded me a little bit of a his debate with SPF. I think like a year ago It was almost like it was like a month right before FTX collapsed and it was similarly kind of getting back to kind of the core Religion ethos of crypto is very we gotta get him on the show at some point He's definitely he's a very good bear market in a bull market I always feel like Eric is a little too centered and like too grounded bull markets They kind of demand a bit more craziness and levity but in a bear market I feel like he's got this gravity that is very clarifying You know, I really I really appreciate the role that he's come to play as like the elder statesman of the industry Any other takeaways from token 2049? I mean we were out in Asia for a couple weeks the videos have just started going up for token 2049 and I did one panel that I moderated with a bunch of l1s and It was actually probably the most entertaining panel I did I did I did several panels while I was out there But most of them were you know, they were great but this one we had it was Aptos we Avalanche and near all of whom were on stage and Goon who's been on the show a couple times Goon was just like he just basically was ready to pick a fight and so they just got on say they were scrapping they were like interrupting each other and getting super aggressive and It was honestly the most entertaining panel. I think I've ever moderated just from how angry everyone was on stage So any other any other highlights or anything that stood out to you guys while you were giving talks or or moderating? How about being on stage but I'll say there was a bit of a bizarro world moment with them token for 2049 too Where obviously a lot of high quality projects a lot of good representation throughout the industry and then there were a lot of random products I'd never heard of that had these like massive, you know Sort of neon lit up boots that they clearly spent a bunch of money on I believe Islamic coin was one of the large sponsors I am a not an Islamic coin expert, but there was another sort of meme floating around They're doing a public crowd sale for Islamic coin at reportedly a 30 billion dollar f .d .v I think it's like 60 million dollars raise a million dollars wait, so it's Yes, but they went on on Twitter to explain that this is a 100 year f .d .v And so in reality the the near -term f .d .v. They're nothing into is not near -term f .d .v So, um, you're the more than the near -term market cap I think we need we add we need to add some extra f .d .v Numbers in into coin gecko just so we can start the near -term f .d .v long -term f .d .v You know, I think an interesting thing related to this That's a tiny deviation but important to note is the history of finance Actually has had a lot of things where the introduction of a new met financial metric as a form of reporting Completely changes company structure like EBITDA, right? like why does EBITDA exists like earnings before income tax depreciation depreciation amortization and it's like Because it was this some company that was losing money and they started reporting EBITDA instead of like true profits But that kept them afloat for long enough to raise financing and then EBITDA now became like the accounting standard over time Right, so I kind of think that these f .d .v games We're gonna just see this like war of all these metrics and whichever metric is like the market wants will eventually be the standard and everyone Will just try to optimize that. Yeah, this is 100 % what happened to TVL Yeah TVL in principle makes sense as a number right, but how do you count TVL? Do you count your own token? Do you count wrap versions of your token if somebody wraps your token and puts it back in your protocol? Is that double the TVL like, you know? DeFi llama just decided how TVL gets counted and then the rest of the world just warped around the way that you know These metrics decided to get reported and you of course you saw that on Solana where like all these people were recursively Kind of putting TVL from one protocol back in another one back in another one Now I think we've gotten better at not double counting triple counting But you know back in in 2021 when DeFi was in full thrust It was just whatever goes like that's TVL the other chart crime that exists is that I really irks me is when people show cumulative charts instead of like instantaneous charts it I just like kills me I Will say as a VC let this be like a little one -on -one lesson as a VC. We absolutely hate cumulative charts We understand that cumulative charts look good So for those who don't understand a cumulative chart normally when you have a chart you look at look Here are the number of transactions every day, right? cumulative chart is here is the total number of Transaction volume ever if you add it all together and the nice thing about cumulative charts is that they look like they're going up Into the right always no matter what because they're adding, you know It's like the number of how many trades have been acting positive number. Yeah, exactly The problem is that it is useless to look at as a VC We as a VC and you look at a cumulative chart What I assume is that your actual chart looks like dogshit and that's why you're showing the accumulative chart So in general don't show cumulative chart. However, if it's a chart with multiple dimensions shown if it's a cumulative chart and a daily or time period flow Together then it's cool. Is it? You know, I'm already doing the first derivative Okay, let's say let's say you have a daily chart and it's like net inflows We're like some days are positive. Some days are negative. Some days are positive. Some days are negative You don't know the total you find that that's a net chart not a cumulative chart So if you're netting, you know gains and losses and you're getting like P &L or something like that We're net inflows and flows that's not a cumulative chart. That's very different because that does not go up into the right I agree. No, no, I think Then it's well Complimented with a cumulative on the other access behind it. I Net and cumulative are two different things. I did see it. I agree. That's just a U .M. We should have a chart crime episode The truest of VC true crime it was inflows prefer for friend tech, but they didn't take out the outflows So it was literally just any deposits in a friend tech added to the chart And so of course you assume you're gonna be looking at a net chart And in fact, it's any sort of deposit, you know adds to the overall chart, which is kind of a useless metric chart crime chart crime Any other any other chart crimes that come to my lungs are on the topic? I think these like feed accumulated ones where they're like people who are like trying to annualize I think people annualizing certain types of fee accrual and crypto sometimes makes no fucking sense because it's very event driven like oh Like there's a ton of fees from one event and then like zero forever But they always like choose the right time scale so that they can say like we have at least X of fees Like I understand how integrals and derivatives work and you're just trying to play with the boundary conditions Yeah, I mean I saw a lot of this in 2021 when a bunch of people like a bunch of businesses that had a bunch of random core businesses but almost all of them had tokens on the balance sheet and those tokens went up and they counted that as revenue and So they're just like, oh, you know, I had 50 million of revenue this year And if you charge that forward, you know another 50 next year and it's gonna ramp this much I'm like dude your core business made like 3 million and 50 million just came from tokens going up on your balance sheet. Like that's not your business, you know, so that I mean It's kind of charty. I don't know if it's a sharp crime per se but it's like EBITDA, right? Like I think crypto still is so nascent and the idea of like what should count and what shouldn't and what flows are it's still Kind of an open thing of like what the accounting should be, right? So I kind of think I'm kind of curious what EBITDA like the thing that becomes a like meme that sticks That's not TVL and that that's not just like fees What do you think you guys think it is because I do feel like this bear market My prediction is this bear market will end when we have invented what that is like the last bear market ended when TVL started becoming a metric and then people started monitoring it and like not gaming it as much and It was just kind of going up slowly. I feel like the Solana stuff came to even more where it was like, oh Here's the metric that everything's measured on So what if we come up with these crazy ways to like that's usually the end of a bubble, right? Like like once when it goes not the creation of a little baby That was like that was like the kickoff of the book I know I don't know but my point is like once you start getting kind of a shelling point around a particular metric It doesn't get gamed for a little while Like there's like a certain amount of time where it like it becomes a good real standard bearer But then someone eventually realizes that it's the thing to game and then you get this like kind of capital bubble around that So like AI you're having that happen with tokens per second right now Which is also a fucking useless meaningless thing because like the choice of architecture means the tokens aren't really the same There's not fungibility of them. Sure. I think it feels like right now There's a more and more fixation on revenue. And so you're seeing like, you know token terminal if you're looking at there's just revenue There's annualized revenue. There's price to sales price to earnings. So it does feel like we're sort of Morphing more closer to traditional revenue and underwriting metrics, which is a good sign However, these metrics aren't totally normalized in the sense that you know, for example for Uniswap Does Uniswap have revenue like obviously the token holders aren't capturing anything so the revenue is flowing entirely to You could say like cost of goods sold is like 100 % because all the revenue is going to the liquidity providers I would say, you know One of the biggest issues is that you have like protocols that are not businesses and people are trying to strap like business metrics or accounting metrics on them and they're just not like Ethereum Bitcoin like people are like, oh like, you know fees paid like is that revenue? No, it's not revenue, right? Like I don't think anyone thinks that like the transaction fees on Bitcoin or revenue. Are they on a theorem? No, but like I've seen platforms that like talk about That alongside something like Uniswap and it's like none of these really makes sense It's just like someone trying to build not to knock anyone particular company But someone trying to build a company about standardizing data is like, oh great Let's like standardize how we look at everything and I don't think it fits personally I don't think these protocols living on top of blockchains are necessarily businesses or need business metrics. I don't think it's that helpful I think like projects and For success like how many people are you know doing X Y & Z and like it won't always translate to the thing What do you think are metrics that should be adopted in lieu of? You know revenue or price of sales or whatever all the stuff that people are doing to try to account for You know particularly in defy I think for layer ones. It's a little more nebulous I think it comes down to exactly like what the protocol is, right? So like a great example is even taking two things that like seem like there's the same Let's say like Uniswap first like synthetics Well, both of them are for trading like, you know, one of them, you know is for trading spot tokens And one of them is more like derivatives, right? So like would you say like total notional traded like that might look crazy, you know to use that as comparison like I guess my point is like even two things that look the same are gonna be vastly different when you think about how you judge them or measure them and so All I'm trying to say is like, you know, let's slow down and not trying to come up with one size fits all metrics I don't think there is some like EBIT type But they will love defy broadly it trying and and when people get any shelling point on one of those That's when you see capital formation happen because it's like hey look there's this metric we can optimize it we see the growth curve right like growth implies you have a number or a set of numbers and a derivative like a gradient and The gradient can go up and you're like, yes or more money in it and I do feel like there's like a Psychological human behavior element to this and crypto somehow plays with that in a lot of ways and that that's some of its beauty Is that the fact that it kind of plays with these I think the revenue thing also is like a good I agree like it's really difficult to sort of compare across different types of companies, but generally it's a good heuristic for Understanding like product market fit and desirability just showing willingness to pay right like you can't fudge it because I'm literally burning money I'm spending money to use this this protocol saying something with like, you know net dollar retention at revenue retention overall It's like user retention Like yeah like it I think that's generally sort of a good heuristic because it's showing that if people are actually using these things consistently because they want to use it not because ideally you sort of you're tying out the I'm inclined to agree with this is that although it is an abuse of nomenclature I think you're better off thinking of protocols as products and thinking about like if you can just applying very kind of dumb Simplistic like yeah, they don't work perfectly, but they're way better than just like finger in the air What's TVL and kind of how do I feel like the vibes are trending for this particular protocol? I think it at the very least it keeps you honest if you look at the era Pre when people had concrete metrics that they were looking at like protocol revenue and things like that There were just a lot of things that had you know, take for example, then you have and you had 4chan economics Whatever was posted on 4chan was the truth totally totally and also like not looking at like net of emissions Looking at like willingness to pay net of emissions Like you just end up with this crazy town where it's like Oh, there's basically like a negative cycle where people are making money by using your product You're like, wow, I've parked my good fit There was basically an entire year where every hot product in crypto was that it was people it was being like wow Look how much adoption this is getting when it's really just people clicking a button that pays them every second to be very fair That is it's like it's so funny enterprise SAS bubble also had the same thing It was just the way the capital is distributed.
The Bitboy Crypto Podcast
A highlight from BREAKING First U.S. Ethereum ETF APPROVED! (Altcoin Pump Coming?)
"The future is so bright for crypto, folks. I just had to wear the shades. Thank you for joining today. Good morning. It's time to discover crypto. It's Friday, September 29. I'm getting ready to go to Vegas for the CNFTCON, now called NFT -LV. Jeremiah's going to be there. No, no. Sawtooth is going to be there. Jeremiah, just happy he bought some Chainlink. Guys, we got a great show today. We're talking about the ETH futures. We're breaking that down. Also, we're talking about Bitcoin. Tim has something special to show you on the charts. Circle listing. And my fiancé might pop up on camera, and she's going to tell a story how I was the world's worst fiancé ever this morning. So she might come on camera and tell the tale. You know, I am a family -oriented man. And you know what? I'm bringing my one and only woman here on camera. Alright, guys, make sure you are sub to the channel here. Discover crypto. Check out all the other channels. Nothing but love for Frankie. Frankie had a big announcement yesterday. We still love Frankie. There's no hard feelings. And we're applauding and celebrating Frankie here at Discover Crypto. Still going to be collabing with him. Still going to be working with him. He's still working in the building. Yeah, we're going to see him literally every day. Well, I didn't want to tell that much. But yeah, he's still here, folks. Yeah. He's literally still here. Tony, Tony, Tony. I think he's like, he's still in the candle mafia house, though. He's still in the basement. Well, he shoots certain videos from home and certain videos from here. Like literally, his schedule will not change whatsoever. But the difference, and we're very excited for him, is he will completely own everything he does. Everyone here is excited for him. Shout out to Frankie Candles. I still predict, Deezy. There's a lot of, I want to make sure I preface this right, because even I do TA. There's a lot of good technical analysts out there. I still predict Frankie Candles will be the number one crypto TA channel in 2025. I would, I will say I would agree with that with maybe one person still going to be beating him, still going to be putting out a lot of content. And we all love him. Frankie loves him. I've talked to him, you know, MM Crypto. And there's something about that guy. When the bull market hits, I mean, guys, you might see some strong thumbnails now. Wait till the bull market. If you haven't been through a bull market with MM Crypto thumbnails, you haven't really experienced a bull market, folks. And I also love how he has 17 exclamation points on MM Crypto's titles. He has a very interesting title selection there. Well, folks, let's get right into the show. All right, first, should we lead with the world's worst fiance? Let's do it after Crypto Market Cap. Yeah. All right, we're gonna go ahead, show the prices, and I'll tell you why I was the world's worst fiance. Kat, are you okay? Just briefly telling the short section of that story in about two minutes. All right, first, let's get into the crypto market cap here. I just refreshed and we are moving up, folks. We are still above 1 .1 trillion. We are up 0 .8%. 24 -hour volume was right around 50 yesterday. I think it was like 54. Today, it's 48. So, largely the same. Bitcoin dominance has fallen, however. We went from 47 .1. We were hanging out there forever, jumped up to 47 .4, and now we're down to 47 .0. And strangely, gas is only 14 Gwei. I don't get how gas is so low right now. I was swapping some alts the other day. We have Bitcoin down 0 .1 % and Ethereum up 1 .8%. And that is the large reason why you're seeing the dominance change here. Just the two biggest cryptos moving in opposite direction, albeit slightly. We have BNB 0 .5 % to the upside. But I think who's really celebrating today is the XRP community. XRP is up 5 % today. Is it anticipation for XRP's party in New York City tonight, you think? What are your thoughts? Was it a TA level? It was just bound to happen? Or are people really excited about partying in the Big Apple? Well, not me. I'm not that big of a party person. And shout out to New York. But I don't really like going to New York. You don't like going to New York? If you had one reason why you avoid New York, what is that one reason? There's many a reason. I just don't like city life like that. I like being out, not the middle of nowhere, but like the middle of somewhere rather than the middle of everywhere. I like being in the middle of nowhere near somewhere. All right, we have Cardano up 2 .8%. Another big pump for the top 10 here. We have Solana. Solana is up 4 .5%. It is now above $20. Looking like it might turn $20 into support. It likes hanging around that psychological level. Tron is also up 3 .5%. We do have something moving down. And that is TonCoin. TonCoin, the hottest coin last month, two months ago. Now it's a little bit as maybe Chainlink's taken some of its juice. And you can see Chainlink flat for the day. But if you look at the weekly there, you can see 16%. And that is higher than every single coin above it. In fact, no coin has even gotten to the double digits, except for Bitcoin Cash. And Bitcoin Cash, you know, kind of an asterisk next to that coin as far as price movement. Shiba is also moving to the upside. But now it is time to look at the biggest gainers. The biggest gainers in the world is going to be me at the blackjack table. It's going to be a cat at the slots. All right, the world's biggest gainers. What do we have? We have Sweet.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Ether Futures ETFs Emerge as SEC Extends Bitcoin ETF Decision Window
"This episode of Markets Daily is sponsored by Kraken. It's Friday, September 29th, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Crypto is Macro Now newsletter on Substack. On today's show, we're talking about inflation, crypto ETFs and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. Just a reminder, CoinDesk is a news source and does not provide investment advice. Bitcoin's price jumped again yesterday, accelerating the upward trend. Since the jump, it has been oscillating around $27 ,000. At 10 a .m. Eastern Time, it was at 26 ,895, up 1 .2 % over the past 24 hours. Ether has been doing even better as the first Ether futures ETF starts trading today. I'll have more on this in a moment. Earlier today, Ether was trading at $1 ,669, up twice as much as Bitcoin, at 2 .4%. The boost to crypto market is most likely partly due to accelerated launch of Ether -linked ETFs. These put a convenient wrapper around Ether exposure for retail and institutional investors. It also coincides with a drop in U .S. yields, which suggests that macro considerations are still very relevant. Let's dive into these for a moment. The U .S. 10 -year Treasury yield reached a multi -year peak yesterday of almost 4 .7%, its highest since 2007. We also saw the German bond benchmark yield reach its highest since 2011. The U .K. 10 -year gilts hit levels last seen a year ago during the country's bond crisis. And even Japan's 20 -year government bond yield rose to its highest level since 2014. In the latter half of the U .S. trading day yesterday, however, sentiment seemed to turn. Bond prices started to recover, bringing yields down. This coincided with yesterday's jump in the Bitcoin and Ether prices I mentioned above. Yields in Europe today continued the trend. And then early this morning, we got good news on the inflation front. The U .S. Personal Consumption Expenditures Index, known as the PCE, came in slightly better than expected. This is significant, as the PCE is the Federal Reserve's preferred inflation gauge as it measures goods and services bought by all U .S. households and nonprofits. The CPI, in contrast, only measures purchases by urban households. The Core PCE Index, which strips out energy and food, grew by 3 .9 % year -on -year in August. This is still above the Fed's target 2%, but it is lower than July's 4 .3 % year -on -year growth. So far, this has been achieved without a strong spike in unemployment. The downward direction of core PCE growth suggests that the Fed might be able to avoid another rate hike this year. It's too soon to tell, obviously, and the tea leaves are going to get more complicated to read given the government shut down that, barring a last -minute save, starts tomorrow. Next Friday would have given us the latest official employment data, a key factor in the Fed's thinking and in investors trying to with a private sector proxy out on Wednesday. This is useful, but the two data points are not always correlated. Moving over to stock markets, on the back of this good news, U .S. stocks seem to be determined to claw back some of their September losses before the month ends. Yesterday, the S &P 500 was up almost 0 .6%, and so far today is continuing its upward trend another 0 .6%. The Nasdaq, which in theory is even more sensitive to interest rate expectations, is up double that. The more industrial Dow Jones is up only 0 .2%. This is starting to look like a risk -on rally. However, today is the last trading day of the quarter for traditional markets, so there could be some repositioning as well as options expiry manoeuvring going on. Europe also got some good news this morning on the inflation front. The Eurozone CPI came in better than expected, with a 4 .3 % year -on -year increase for September. This is its lowest level in two years and is notably down from August's 5 .2 % increase. Stripping out energy and food, the Core Index grew by 4 .5%, down from 5 .3 % in August. Good news there. This has been Boosting Equities. Earlier this morning, the German DAX was up over 1 .1%. A similar story is playing out in Japan, where the Tokyo Core CPI index increased by 2 .5 % year -on -year in September, lower than expected, and lower than August's 2 .8%. A sell -off in the country's bonds continued, however, and the government resorted to unscheduled bond buying overnight to support the market. The intervention was small and could just make traders even more nervous. The Nikkei stock index was down slightly on the day. In commodities, the oil price is retreating from yesterday's highs in response to the respite in bond yields. The Brent crude benchmark is down over 0 .6%, trading at $93 .5 per barrel. Gold was also weaker today as markets adopted a more risk -on mood. Earlier it was trading at $1 ,860 per ounce, down 0 .25%. Over the past month, gold is down just over 4%. Stay tuned, after the break we'll take a look at more moves on the ETF front.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Ether Futures ETFs Emerge as SEC Extends Bitcoin ETF Decision Window
"This episode of Markets Daily is sponsored by Kraken. It's Friday, September 29th, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Crypto is Macro Now newsletter on Substack. On today's show, we're talking about inflation, crypto ETFs and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. Just a reminder, CoinDesk is a news source and does not provide investment advice. Bitcoin's price jumped again yesterday, accelerating the upward trend. Since the jump, it has been oscillating around $27 ,000. At 10 a .m. Eastern Time, it was at 26 ,895, up 1 .2 % over the past 24 hours. Ether has been doing even better as the first Ether futures ETF starts trading today. I'll have more on this in a moment. Earlier today, Ether was trading at $1 ,669, up twice as much as Bitcoin, at 2 .4%. The boost to crypto market is most likely partly due to accelerated launch of Ether -linked ETFs. These put a convenient wrapper around Ether exposure for retail and institutional investors. It also coincides with a drop in U .S. yields, which suggests that macro considerations are still very relevant. Let's dive into these for a moment. The U .S. 10 -year Treasury yield reached a multi -year peak yesterday of almost 4 .7%, its highest since 2007. We also saw the German bond benchmark yield reach its highest since 2011. The U .K. 10 -year gilts hit levels last seen a year ago during the country's bond crisis. And even Japan's 20 -year government bond yield rose to its highest level since 2014. In the latter half of the U .S. trading day yesterday, however, sentiment seemed to turn. Bond prices started to recover, bringing yields down. This coincided with yesterday's jump in the Bitcoin and Ether prices I mentioned above. Yields in Europe today continued the trend. And then early this morning, we got good news on the inflation front. The U .S. Personal Consumption Expenditures Index, known as the PCE, came in slightly better than expected. This is significant, as the PCE is the Federal Reserve's preferred inflation gauge as it measures goods and services bought by all U .S. households and nonprofits. The CPI, in contrast, only measures purchases by urban households. The Core PCE Index, which strips out energy and food, grew by 3 .9 % year -on -year in August. This is still above the Fed's target 2%, but it is lower than July's 4 .3 % year -on -year growth. So far, this has been achieved without a strong spike in unemployment. The downward direction of core PCE growth suggests that the Fed might be able to avoid another rate hike this year. It's too soon to tell, obviously, and the tea leaves are going to get more complicated to read given the government shut down that, barring a last -minute save, starts tomorrow. Next Friday would have given us the latest official employment data, a key factor in the Fed's thinking and in investors trying to with a private sector proxy out on Wednesday. This is useful, but the two data points are not always correlated. Moving over to stock markets, on the back of this good news, U .S. stocks seem to be determined to claw back some of their September losses before the month ends. Yesterday, the S &P 500 was up almost 0 .6%, and so far today is continuing its upward trend another 0 .6%. The Nasdaq, which in theory is even more sensitive to interest rate expectations, is up double that. The more industrial Dow Jones is up only 0 .2%. This is starting to look like a risk -on rally. However, today is the last trading day of the quarter for traditional markets, so there could be some repositioning as well as options expiry manoeuvring going on. Europe also got some good news this morning on the inflation front. The Eurozone CPI came in better than expected, with a 4 .3 % year -on -year increase for September. This is its lowest level in two years and is notably down from August's 5 .2 % increase. Stripping out energy and food, the Core Index grew by 4 .5%, down from 5 .3 % in August. Good news there. This has been Boosting Equities. Earlier this morning, the German DAX was up over 1 .1%. A similar story is playing out in Japan, where the Tokyo Core CPI index increased by 2 .5 % year -on -year in September, lower than expected, and lower than August's 2 .8%. A sell -off in the country's bonds continued, however, and the government resorted to unscheduled bond buying overnight to support the market. The intervention was small and could just make traders even more nervous. The Nikkei stock index was down slightly on the day. In commodities, the oil price is retreating from yesterday's highs in response to the respite in bond yields. The Brent crude benchmark is down over 0 .6%, trading at $93 .5 per barrel. Gold was also weaker today as markets adopted a more risk -on mood. Earlier it was trading at $1 ,860 per ounce, down 0 .25%. Over the past month, gold is down just over 4%. Stay tuned, after the break we'll take a look at more moves on the ETF front.
The Bitboy Crypto Podcast
A highlight from Ethereum ETF LAUNCHING Monday?! (Leaked SEC Documents)
"Good morning, everybody. It is September 28th. It's 1130, and it is time to discover crypto. We got Tim and BJ on the ones and twos. How are you two doing today? I'm doing fantastic, man. Alright. Ready for the show. BJ, are you in the silent era? Yes. Okay. He's in the silent era. Guys, we got a great show today. We're going to talk about the Bitcoin 1 %ers. We're going to talk about ETH futures ETF and how a senior analyst of ETFs at Bloomberg thinks it is going to be approved on Tuesday, folks. And that's why maybe you're seeing this huge, huge pump in ETH and a lot of alts as well. Also, we're going to talk about Gary Gensler getting roasted. We're going to replay the clip of the Pokemon cards. It's just too good not to share. Also, AI is alive. It's alive right now. How soon do we have a Terminator 2 style D -Day? Give it about 30 years. 30 years, folks. 30 years. Alright. We'll go ahead and start building the bunker right now. Yes, DC's in the suspenders. I know. If you just had the green bow tie, you and McHenry. Alright. One, I'm not going to wear a bow tie. Nothing against bow ties. Just bow ties aren't for me. I'm going to wear a regular tie with the classic winds or not, or I'm going to wear the suspenders. Yeah. This used to be my old bartending get up. I'll tell you what. You wear the suspenders in the button -up shirt. I'll wear the hoodie, but I'll wear the bow tie with the hoodie, and then we'll complete the whole ensemble. Okay. Okay. So you'll be like Fetterman, and I'll be Fetterman's, like, lowest level employee. Exactly. Yes. What were you going to say, BJ? That's like Voltron, yeah. Yeah, yeah. Then we'll team up. Alright. Well, let's just get right to the market cap story here. Alright. Where are we at? Whoa. Did you see that pump right there? Yesterday, we were up around 0 .4%. Today, we are up 2 .3 % for the crypto market cap. We had passed 1 .1 trillion. 24 -hour volume for the first time in a long time is above $50 billion. We're coming in at $52 billion. Bitcoin dominance, Tim's looking a little happy here. It was 47 .1 for a few days. It is now up to 47 .3. Gas, surprisingly low, only 20 Gwei, but it's actually about double of what it was yesterday, but still pretty low. I was surprised to see that. Alright, let's look at the pricing here. We have Bitcoin up 2 .1%. It is now coming in at 26 ,858 bucks. We have Ethereum past 1600, now 1638. It is up 2 .5%. BNB up 1%. XRP up 0 .5%. And we have Cardano up 1 .6%. Solana. Solana is pumping, folks. We have it up 2 .6. And TonCoin erasing about a third of the losses of the past week. It is up 2 .7%. But I'm ready to look at some of these top gainers. Ooh, look at Bitcoin Cash as well. Have you ever thought about trading Bitcoin SV or Bitcoin Cash? Because they do have pretty big moves. Yeah, no, I mean, they definitely are probably better for trading, especially if you want to stay away from leverage, but you still want to be able to utilize the moves of Bitcoin. But yeah, I haven't ever done it. Don't think I will. Okay. Alright. Well, let's look at the top gainers. Let's look at the top losers here. Wow. We have Compound. It is skyrocketing, folks. And Compound has shot back into the top 100. I have RollBit up 12 % just for today. I have a little bit of exposure to RollBit and a little bit of exposure to Apecoin. And I have a couple comic book issues of Thor, but I don't know if that will affect my pricing there. But it is up 10 .8 % and Apecoin up 7 .4%. Bitcoin Cash coming in as the top five gainer here, followed by Lido, DAL, then Aave, GMX, Maker, Arbitrum, Stacks. And then, hey, look, a little Chainlink way down at the bottom. Do you have any of these alts? You're not much of an alt guy, right? No, I mean, I have alts, but I don't go that deep. The moment I have about eight of them, Aave is one that is close to being on the list of maybe I'll come into it. You know what? You don't want to get into, though. I've been watching a lot of maybe... I think he's going to come on the show in the future. Shout out to Crypto Archie. Archie's been going really deep in some degens that are sitting around like a $4 million market cap, and their chances of 100Xing are greater than others. I do think I'm going to start looking into a real good degen portfolio. It's probably not going to take up more than... 10 % is probably being generous in my entire portfolio, but I like where I am. I'm definitely very top -heavy when it comes to crypto. I'm more conservative with my investments, but I'm going to take a little bit of risk this market. All right, BG says, BCH is my secret crush. My dirty girl, he calls it. Where's the one person? A million dollar vision. We're going to give you a million dollar vision. Hopefully, you can stick around and just be part of that positive message. I believe you will. I'm believing in you. All right, well, speaking of believing, I'm believing today we'll not have any of these these coins in the biggest losers of the top 100 cryptocurrencies here. I'm manifesting it. It's failed in the past, but today I'm feeling good. Let's go ahead and look. What do we have? We have Casper. All right, I'm not pale as it goes just yet. Casper is down only 1 .2, then followed by tethered gold. So this is a peg to gold price here, then gate, then another gold. We have another gold coin essentially losing here, then injective, and then stable coins. Wow, I escaped it today. I escaped it today, but gold's on the way down and I have exposure to gold. So does that count? Any day that stable coins are in your top losers, it's a good day for crypto. All right, can we, before we jump over to the top story here, can we look at some gold pricing and silver pricing here? I want to look at gold on Kitco, and if you want to look at silver, maybe we could check out some prices. I like Kitco, K -I -T -C -O. Here we have gold pulling up. Gold is down $14 for the day, so not a whole lot there when the price is coming in at $18 .61. How soon until ETH passes an ounce of gold? One ETH almost equals one ounce of gold. Costco starting to sell gold. I looked into it. They sell out usually within hours whenever they limit two per customer, but they sell one ounce nuggets right around spot price. All right, what do we have for silver? I don't know if this is the right one or not. I looked it up. This says CFDs on silver. Oh, you're a trading view guy. We like trading view. Shout out to Marcus Seifer. Price slightly down, but it's definitely got a consolidation kind of pattern going on here. Yes, we're still kind of moving, setting some higher lows, but we kind of flat out here. After kind of getting kind of in this region, we've flattened out with these lows. The resistance is getting lower, but I'm going to go ahead and say, Deezy, I think that this is a pattern. Watch what happens to support. We're back down at support, but this is a pattern I would almost lean more towards a move to the upside. Let me look at oscillators on this. Yeah, I'm feeling like that's bullish. I'm feeling like that's bullish. Plus, silver has underperformed relative to gold in the past 10, 20 years. I'm feeling pretty good about it right now. Yeah, no, the charts on the daily chart look more bullish than bearish, I would say. It's kind of sitting somewhat in the middle, but more bullish than bearish. All right, and we have Danny Boy saying, look at 100 coin. Maybe, maybe. We'll see. I don't know. Maybe we'll get some time here. All right, well, let's get into the top story here. ETH, futures, ETFs. What is it going to mean? I also got some short form content. Guys, we have an article talking about these Bloomberg analysts. I'm just going to do the deep dive as well, so let's read paragraph or two, and then we'll just see what exactly they're talking about. Let's go to the source material. Let's go to the source code of the simulation here. Bloomberg analyst shares information leaked from the inside that SEC on Ethereum futures ETF. They gave the good news date, folks. We're talking about Eric Balchunas. He's the senior ETF analyst. We're not talking about the janitor there. We're not talking about, you know, the guy that makes a tweet every now then. We're talking about their senior ETF analyst. And he said in a statement, he has inside on info when the SEC will approve the ETH futures ETF. Now, we know there's inside information. Who's going to have better inside info than Bloomberg senior ETF analyst? I'm feeling pretty good about this guy's sources. Now, you got to be careful. Never trust anonymous sources. But if I'm going to trust one, I might end up having to trust this one. All right, let's see what exactly were they talking about? It all started. Let's James Safart here. Nothing yet, but watching for filings to indicate Ethereum futures are indeed being accelerated for launch next week. All right, so what was he talking about here? Here's a repost from Eric. So Ether future ETFs could be trading as early as Tuesday, folks, as the SEC looks to speed things up and in order to get it done before the looming shutdown, just like they sped up delays on spot Bitcoin ETFs. If so, issuers likely in mad scramble as we seek to update the doc. So we have the government shutdown to thank for this actually getting sped up because we covered it I think two days ago. We looked at when the government shutdown happens, what happens through the individual agencies. If you weren't here, guys, SEC will reduce 90 % of its workforce, CFTC along the same line. So 10 poise, there's only going to be one showing up in that office. That's going to be a very lonely office. So what they're trying to do, they're trying to clear all the paperwork off the desks before it's just that one guy alone. I feel bad for that guy. Who is that guy? Shoot us a message here. All right, well, let's go back to X here. So he was quote tweeting this tweet from 14 hours ago. Well, let's, uh, let's see looking like SEC is going to let a bunch of ETH futures ETFs go next week, potentially. And then he was quoting this tweet. So let's look at that tweet. And then that was the one earlier hearing they might update so they can go on effective on Monday and trade on Tuesday. They've asked filers to update their docs by fry, uh, Friday PM. Uh, I'm guessing that's the end of day Friday. So they have till tomorrow, 5 PM Eastern standard time, get your paperwork done. If you get your spot futures, I'm sorry, your futures ETF paperwork filed, you might be able to trade it on a Tuesday. We're going to go ahead and get that in submitted on a Monday. So this guys, this could be very, very big. Now we have to wait till Monday, you know, nothing set in stone here, but however, according to the analyst, they will approve, uh, of the applications that candidates who do update it by Friday afternoon, and they will begin trading on Tuesday. Uh, how speaker McCarthy rejected the stopgap funding bill advancing in the Senate on Wednesday, leaving us just four days from the fourth partial shutdown of the U S government in the past decade. It is thought that a closure event would deeply affect the sec. It is rumored that the spot ETF applications were postponed early for this reason. So chat, where are you coming in? Are we going to shut down? I didn't realize we had done it four times in the past 10 years. I would have maybe said two in the past 15. That makes me think guys, I'm, I'm starting to lean towards, you know, if you asked me three days ago, I'm under 50%. I'm leaning towards 50%. I might even exceed 50 % by tomorrow. Where were you guys coming in on the odds of a government shutdown? Yeah, I think I'm a little low. I think I'd say maybe 35, 40 % it shuts down. I think they're going to have to do with both sides, but it would not behoove Biden to have that shutdown happen. There's a lot of reasons why they'd want to keep it open. Of course, there's a lot of Republicans in Congress, they're kind of pushing for it. They probably like it. They want it. I think they come to some sort of deal. They don't do it. Guys, should we just break down the alpha for you? You know, a lot of part, what makes this live show exciting is we can do things like BJ, while you go, could you look up October 19, 2021 daily candles on Bitcoin, October 19, 2021? Well, I'm going to be the idiot in the room as usual. So if we removed the debt ceiling and put it on pause till 2025, why would we even have a shutdown? Because it wasn't the entire shutdown when we would hit the debt ceiling. So that's not relevant for another 18 months. Yeah, that is a very good point on the debt ceiling. I think that that's a great question. So maybe that debt ceiling isn't as final as they made it appear because I was being told, oh, once this debt ceiling is raised, we don't have anything to worry about. And then two weeks later, we all of a sudden have something to worry about. So now we need to think about the next time they give us a debt ceiling raise. What the f are you actually doing here? Is it actually nothing? These game devs really need to figure out how they're building their ecosystem, because these rules just don't make sense anymore. They don't make, yeah, yeah. There's a lot of bugs in the code here. All right, we have the daily candles. See the date again? October 19th, 2021. If we just look at about a 30 -day period, maybe 10 days before to 10, 20 days after. Yep. So this is getting close to the top, but it was the, there's the, we ended up beating it out. But October 19th is right here. So it's this candle. We have one more day. We topped out on the 20th. Hover over the 19th. Right there. That is the day we had a Bitcoin futures ETF here. Move more to the right side. Let's, let's get a little bit in. That's the top right here. Let's stretch that Y axis. Let's stretch it out. All right, here we go. Go back to the 19th. Yep. The 19th, right? Let me go over here. 19th is right here. So in the lead up, it pumped, it pumped, but guys, that was a buy the rumor, sell the news. We had one more day. All right. They probably didn't want, you know, Fox Business News and MSNBC to be like, oh yeah, it got approved yesterday. Look at the price. So they gave us another 24 hours of pump. We've got the pump of metal pumping. Then, you know, a new cycle, you're probably not going to want to talk about it 36 hours later, 48 hours. So we got that pump. We got a nice strong pump for 24 hours. And then it went down folks. And then it went down. We went from, I believe that was about 55K, right? No, no, I'm sorry. 65K. 64, 64 .3. And then we dropped down to what about a week later? We got dropped down about 57 .8. All right. So we went from 63, 64, all the way back down to 57. And then we set in a new all time high. What was the amount of days from that low? What's the date? If you just hover, it gives you the date, right? On the bottom, it gives you the date. So date October 28th, it peaked November 10th. All right. So 13 days later. So a week later, it put in a local low. And then two weeks later, new all time high. Will the spot or will the futures ETH ETF play out in a similar way? I don't think we're, obviously we're not going to go to 4 ,500. We're not sending in a new all time high. But what I'm thinking is we might have a similar chart pattern. You're the Bitcoin ETF. In reality, this is only a period. That means we might have. All right. So that's the date. That's we're five days away from Tuesday, right? Friday, Saturday, Sunday, Monday, Tuesday. Go back five days from that, from the 19th. So go to the 14th, October 14th. 14th is right here. Boom. Nice big pump. It pumped for five days. Buy the room or sell the news. And then it dropped. And so maybe we're going to have a really good next four days. Maybe. You know, maybe I would say that that's a little bit premature. I think we have to look at a lot of different things going on. Obviously, we're getting close to the part where the market was going to top out and go to the downside. I think there, if anything, the case to be made here, even though there was some pump in that happens here, I would only make the case that this is proof ETFs can't save you from the bear market starting. I think there's I think it's a mixed bag. I think it's a little bit too irresponsible to try to say, well, back in October 2021, this happened. Well, there was a lot of things with timing and a lot of other different things. I think let's watch ETF. It will be bullish long term. But remember, futures ETFs allow both longing and shorting. So volatility is more what I'm predicting, not necessarily a firm. Let me play devil's advocate. That was what a lot of smart people thought was going to be the top or near the top. So if you have some, I have to hold this instrument for six months, and it's October 2021, you have one choice. You open in a long in October 21, you open in a short in October 21. I feel like a lot of smart money is choosing short. Well, let's go to today. We're almost half a year from the having. You have a choice. Are you going to open a long today to cash in in six months? Are you going to open a short today to cash in in six months? I feel like then many more people are going to choose short relative to today. You know what, let's actually that takes us into our next story. Let's talk about the big investors. Will they choose Bitcoin? Will they choose Ethereum? Will they choose, you know, futures or will they wait for spot? Here's what this Fidelity executive has to say. Ethereum investment thesis could be easier for institutions to grasp than this big, then bitcoins. And here is why. This was with the interview with a bankless YouTube channel. I do like bankless Fidelity's director of research, Chris Cooper, I think says the firm's Ethereum investment thesis could be an easier concept for blue chips to understand. With traditional, it's probably more easily go with them something like ether, then show them things where they grasp much quicker than investment thesis for Bitcoin. The investment thesis for Bitcoin, according to Cooper, is to truly understand it, you got to first to dabble into politics, got no little philosophy, got to know some game theory, got to know some economics, got to know some other concepts, you got to know the Byzantine generals problem, you got to know what the white paper is, you got to hate the NSA and the surveillance state. It's a lot, right? It is a lot. I remember that feeling, you know, half a decade ago, maybe more. Well, you know, I learned about Bitcoin, I didn't really get into it to about half a decade ago. I remember watching Andreas Antonopoulos clips on YouTube. And I just, I'm just alone in my living room with, you know, with, you know, maybe Mary J was there, but you know, I'm just alone. I'm watching this and my mind's getting blown here. And I'm just like, my God, I'm just so into what this guy is putting down. And then you go to your friend, and you try to, you're full of zeal. You feel like a religious apostle. And you're like, oh, my God, have you heard this thing called Bitcoin and what it's doing? And then you just get a blank stare back. Yeah. It's like, oh, yeah, I ate the orange pill, didn't I? Yeah. It's taken me back to these feelings here. All right. So yeah, it's a lot. Basically, what I'm saying, it's a lot to wrap your head around Bitcoin, folks. That's all I'm saying. I had the my first exposure to Bitcoin whatsoever was back in 2013. And I was the opposite side of that. What you just said, the staring face. There is this kid I met. He was very passionate about Bitcoin, tried to convince me it was the one world currency that Revelation talks about. He also was a pot farmer. So I looked at him and I said, OK, buddy, good story. Now, it turns out I should have gotten in when he told me to. He he was right. I should have gotten into Bitcoin. But I do hold to when you hear a lunatic who is growing pot for a living tell you that this currency is what Revelation talks about. You got it. You got to at least question it a little bit. I understand people still being stone faced at this point. Yeah. My first two exposure was 4chan and I was like, oh, anything they suggest is a scam, is a honeypot. And they are trying to hack me. And so that honestly, like in a weird way, learning I learned about it from too shady of a source. I was like, oh, yeah, I'm going to stay away from that one. The second exposure was my buddy buying ecstasy pills of Silk Road. And I'm like, again, another thing I want to stay away from. No, man, I'm good. I'm good. And then Silk Road happened. And also he lost his Bitcoin on a hard drive. So I was just like, yeah, I don't know about this, man. I don't know about this. And then eventually, you know, the hook got me there. All right. Well, you know, that's what we're saying about Bitcoin to truly understand it. It is a whole lot, you know, but imagine that you can get in front of them and just say, look, talking about Ethereum, here's the metrics, here's the cash flow, you put in your inputs, and they're looking at it like another financial instrument. And they're like, oh, yeah, that makes sense to me, you can have these scenario analyses where you could get your head around the probabilities. And then that way, people can size their position accordingly. That's how an institutional investor thinks. That's how a good investor thinks. They think around probability scenario analysis. And in fact, they are so strongly about that they capitalize the eye there. That's how institutional investor thinks. They really, they think about the probability scenarios there. So yeah, I think that's a pretty good, pretty good point there.
Bankless
A highlight from ROLLUP: Coinbase Crashes DC | Gary Grilled By Congress | Vitalik Deepfakes
"Miss Wagner is like, yo, MIT version of Gary was pro -blockchain, but SEC Gary is anti -blockchain. And then Richie Torres is like, yo, it's a Pokemon card of security? These people are listening to crypto Twitter. They are like, these are our things. The power of crypto Twitter is like getting into Congress. Well, it's because it's distilled logic. I mean, Bankless Nation, it is the last Friday of September. David, what time is it? It's the Bankless Friday Weekly Rollup Ryan where we cover the entire weekly news in crypto, which is always an ambitious endeavor, yet we persevere nonetheless into the frontier this week with a bunch of clips of Gary getting grilled. So everyone, everyone prepare for that one. If you're not listening to this with coffee, because it's too late in the day, well then you should get your popcorn, because that is what you will need. I mean, this is a catharsis, I think, for many of you in this episode. You'll enjoy this very much. Also, crypto was present in Washington this week. Yeah, Coinbase's stand with crypto day was held at Capitol Hill the same day that Gensler was giving testimony in front of Congress. Convenient. What about the timing of that? David, what else we got? After that, we'll talk about pudgy penguins in Walmart landing a huge deal, a ton of distribution for pudgy penguins, also with each toy purchase having an on -chain identity on ZKSync. So we'll talk about that. And then after, also not only are penguins getting identity, but citizens of Buenos Aires perhaps also getting some on -chain presence as well. We'll talk about that. And then, of course, we're going to do the PSA of deepfakes and phishing attacks that are out there. We got a Vitalik deepfake that we want to show you. It's pretty hilarious, but not if you believe it. Notable VC Fred Wilson got phished for 40 NFTs this week. So if Fred Wilson can get phished, so can you. We will talk about this and more. What else we got, Ryan? You know, the usual Bitcoin ETF stuff. ETH might be getting futures. There's a ton to talk about every week. This is a bullish week, I think. I'm declaring it such, David. It is a bullish week. And we got some green candles when we get to the markets. But before we get in, David, we got a message from our friends and sponsors over at Layer Zero. What do they want the folks at home to know? They want you to know that after a year, over a year of combined effort, Layer Zero and Google Cloud have announced their partnership, and they are ready to build the interoperable cross -chain apps of the future. What is Layer Zero? Of course, Layer Zero is a set of smart contracts that are deployed on every single chain. These smart contracts connect to each other. How do they connect to each other? Well, they need some Oracle service in the center to be the chatterboxes, the passing messages between all of the Layer Zero smart contracts across all of the 50 different chains. Google Cloud is that new default Oracle. That is the partnership that they have created. So there is a link in the show notes for you to go explore more if you're a builder who wants to build on Layer Zero. LayerZero .network is also the URL. Well, you know what I want to learn more about this week, David, is markets. Tell me about the old markets. I think, I think, I haven't looked at this yet, but I think we got some green on the week. We got some green, dude. Let's look at the Bitcoin charts first. What's Bitcoin showing us? Some single digit green. Look at that green right on the right. That's your dose of dopamine for this week. It's like, whoo, Bitcoin up 2%, whopping 2%. Started the week at 26 ,600, ending the week at, well, Thursday morning, if you call it the end of the week. It's not the end of the week. 27 ,150, up 2%. Ether price up a little bit more, starting the week at 1660, up 4 .5 % to the current price, excuse me, starting the week at 1560, ending the week at right around 1660, where we are right now. 1660. I mean, it's still low. That is a low price. We are getting excited about very little right now. Yeah. It's up such a small degree, you shouldn't even be excited about this. And yet we are. Yeah, we are. 4 .5 % on the week, I'll tell you. It's better than flat. When's the last time we had a double digit week, man? Double digit up or down? Up. I can't remember either, actually. We've been in the flatlands for so long. It's just like kind of a little bit of a bleed out all the way from 1900. Weren't we over 2000 a few weeks ago? Yeah, we have touched over 2000 in this bear market, but man, it certainly doesn't feel like it. Last time we were at 2K was July. In July, briefly. We weren't at 2K. Yeah, I can't remember July. Well, I was in the mountains. It's been downhill ever since I caught back for the mountains. Yeah, it really was. It's been all downhill since you guys. The only thing you can do, David, is go to the mountains. Bad things happen to Gary Gensler when you go to the mountains. Although, I guess nothing bad happened to him this week. Anyway, I'm skipping too far ahead. We'll have our Gary later in the episode. ETH, Bitcoin, up 2%. Total crypto market cap, $1 .11 trillion. Layer 2 scaling factor, touched 6 % this week, down to 5 .5%. Still at all -time highs. Layer 0. Wait, what touched 6 %? Excuse me, not 6%. Total value loss? 6x. 6x is what I meant. Oh, activity. That's what you like to look at. Yes, layer 2 activity touched 6x of Ethereum, but now it's at 5 .69. Nice. 60 transactions per second, 64 transactions per second. Yeah, that's where we get the 6x. We got more transactions per second left in this tank, I think. Oh, yeah. David, you want to talk about the general markets, like all the TradFi markets? You want to talk about macro really quick, because it's been super confusing to me. It's been super confusing. And then I read this tweet. We're also doing a macro show on Tuesday as well. So a macro show, so talking about the state of macro from a crypto person, so it's a crypto person who understands macro, so I'm really excited for that show. Are you a crypto person that understands macro, David? Do you understand macro? When I have a smarter macro person with me, then yes, I understand macro. My question to you is, does anybody really understand macro, particularly right now? Oh, you mean current snapshot? Definitely not. Yeah, all right. So here's the tweet. Current situation. One, stocks are falling like a recession is coming. Two, oil prices are rising like there's no recession in sight. That's contradictory. Three, interest rates are rising like we have 10 % inflation. Yes, they are. Four, gold is falling like inflation is gone. Five, housing prices are rising like rates are falling. And six, commercial real estate is falling like it's 2008. Nothing adds up here. That's the way I feel about macro right now. It's very confusing. There is a confusing set of signals going on, and it's not adding up in my head. What do you think about this? Yeah, they follow through, and they say it's beginning to feel like a pivot point in sentiment. I don't know if I'm about to say what I think they are meaning by this, but when there's a bunch of confusion, people, I think, brace for something, brace for clarity, and then whatever that clarity is will define sentiment. Where are we going? We don't know. As soon as we find out, we'll know how we feel about it. But we know it's going to be different from here. Different good or different bad? Those are the only two directions. Yeah, I guess that's the reductive take about it. But it's basically like we don't really know. That's why I'm very interested in doing this macro episode next week to see what the newest macro person kind of knows. I will say one thing, though. I think volatility is back on the menu. I think that's what this means. Because when the market doesn't know what direction it's going to go in, then it can kind of lurch in one direction or the other. So weird macro climate right now. On the back of stimulus, on the back of money printing, like what's going on here? And just to be clear about something, we've previously talked about stocks being at all time highs. That's been kind of the theme of the last two months, I would say. Well, so from looking at the SPY, you don't have the chart up, but it has declined by 7 % since July. So the SPY is down 7%, which is more. That goes to the first bullet point. Stocks are falling like a recession is coming up. I don't know. It's down 7%, just doesn't feel like a lot to me. Well, in the trade market, 7 % is a lot historically, but not recently. 7 % in the trade market is actually, that's just like, trade markets are also volatile. OK, well, we'll try to make sense of this, but let's get back to crypto. This is a negative report from JP Morgan, who said, Ethereum's activity post -Shanghai that was the last hard fork back in March, has been disappointing. JP Morgan calling Ethereum's progress disappointing. They've got some reasons for this. While the shift from proof of work to proof of stake meant that the energy consumption from Ethereum collapsed by 99%, the Ethereum supply is shrinking and staking rose sharply by 50 % since the Shanghai upgrade. While that happened, the increase in network activity has been rather disappointing. Ethereum's daily transactions, daily active addresses, and total value locked on DeFi protocols on the network have all experienced declines since the last hard fork. So JP Morgan, their analysts expressing some bearishness here over the last six months or so. Yes. I'm not mad, just disappointed with that activity. My response to that is, who the hell are you? JP Morgan doesn't know how to analyze these things. Well, I don't know. Ethereum post -Shanghai activity, it's just the broader crypto downturn. And also, they're just wrong, JP Morgan, he is wrong. They say layer twos have displayed mixed results. Well, no, TVL and economic activity on layer twos across the board are all up. I don't know where the hell they're getting their data from, but not only is their data wrong, but their analysis is poor. Well, let's go to the actual numbers, Stephen. Layer two beat provides a good source for value locked on layer twos. What are we looking at? At the 180 -day time frame, it's basically flat. It's marginally up, it's basically flat. It's a flat TVL, $10 .5 billion. Activity is up, it's up so much. It's unequivocally up by a lot. I'm disappointed in JP Morgan. Wow. Have you ever been not disappointed with JP Morgan, David? I'm generally disappointed by banking in general. Really? You should start a podcast called Bankless, David, about escaping your bank over time, slowly. I think Vance Spencer put that tweet in perspective as well. Actually, I don't think he was responding to that tweet in particular. But we are. We got some perspective here from Vance Spencer. This is Ethereum, if you chart it against some of the fastest growing tech companies in human history, companies like Alphabet was Google, of course, and Meta or Zoom or Microsoft, and how quickly, over time, it took them to surpass $10 billion in revenue. How long did it take them? It took Ethereum seven years. When charted against these other tech companies, there's only one that did that faster, and that is Google. Yeah. Ethereum really did all of its $10 billion of revenue inside of 2020 to 2023. I mean, so look at this line. It's just kind of like a slope line up. So I mean, doing pretty well, all things considered, JP Morgan. Not disappointing. I'm not disappointed by this. And I'm not disappointed. Also, long -term perspective, not disappointed in the price of ETH over the last seven years either. And we can keep going. Uniswap this week hit 300 million in swaps. 300 unique million trades, swaps, has happened on Uniswap. Uniswap was invented in 2019. 300 million swaps since 2019. Is that disappointing? Is that disappointing? I'm not disappointed by that in the slightest. I feel great about that. Maintain my disappointment about JP Morgan. You know, I think it's part of a broader crypto sentiment, and I've seen a lot of takes just in general in news, but even in financial analyst news like JP Morgan research, that sort of thing. It comes back down to this, David. Mainstream thinks that crypto is dead, again, like always. This always happens. And this is what makes this a buying opportunity, as with previous cycles. And when crypto 10x's the next cycle, don't let anybody tell you you didn't earn it. Because if you're buying here, when everyone is saying crypto is dead, it's never coming back. That they're disappointed. That's how you earn. It's so easy. The signals are just being laid at our feet right now. They really are. I tweeted something like that out, and somebody responded with this life cycle. What are we looking at here? Yeah, just like the cycle of the bull bear market. So in the top of the bull market, some crypto friend of you will tell you, a bankless listener, you're so lucky. I wish that I bought two. And then the crypto market will go down and be like, you're an idiot. I told you crypto was a scam. Yeah, so especially when they say the words disappointing, it's such an emotional word. It's kind of just playing into the readership. I don't know if JP Morgan is about that game. I mean, we're in the stage of the cycle where everyone thinks you're an idiot. And they told you it was a scam. And you can't talk about crypto at your family events or parties because you're just the crypto moron who knows nothing. And ha, ha, ha, SPF, FTX, that's so stupid. Scams, frauds, NFTs are such a joke. Well, granted, some of those things are actually true. Sure, sure. But if you're still in crypto and you know why you're here. And you're no longer buying the scams because you can identify them. And then you'll swing back to like, I am a genius. I am amazing. I am lucky. Or third parties will say you're lucky when that happens and you'll feel like a genius. You've been chewing glass for three years, but you know, you got lucky, though. You got lucky. How about the Bitcoin ETF, David? Here's a tweet from James Seyfert. What's this about? He just says that the SEC has come out super early and delayed the ARK Invest and 21 shares Bitcoin ETF filing. There wasn't a decision due until November 11th. And typically up until recently, the SEC has always gone up right up until the buzzer. But they decided to delay their decision on this earlier than usual. You know why? Partially? It's some speculation. It's because the government's about to shut down. The U .S. government's about to shut down. That's on Monday, right? On Monday? Yeah. So apparently if by Sunday night, this Sunday night, Congress doesn't reach some sort of compromise resolution, whatever agreement to keep the government running, then it shuts down yet again. I mean, how many times have we been through this? And so this is the SEC just getting ahead of that so that the stuff doesn't expire while the government shut down. And I guess, I don't know what would happen if the government shut down and these deadlines were missed. But maybe they would de facto be approved. I think that could be how it works. Is this some sort of pseudo oracle about how the SEC thinks that if we do go for a shutdown, we'll get shut down all the way until at least November 11th? I have no idea. I have no idea what this could mean. I do know this is good news. So Congress, both Democrats and Republican lawmakers, sent a letter to Gary Gensler pleading that he approve a spot Bitcoin ETF.
The Cryptoshow - blockchain, cryptocurrencies, Bitcoin and decentralization simply explained
A highlight from #464 How to determine Bitcoins value? The most important parameters!
"Welcome to The Crypto Show, your podcast for everything around crypto, blockchain, bitcoin, and more. Here is your host, international blockchain expert, serial entrepreneur, and investor, Dr. Julian Hasp. Are there parameters that you could look at that tell you if Bitcoin's value is going up, or sideways, or down, or is the only thing that we can look at price? Hey, welcome to this video. My name is Julian. On my channel, it's all about making you crypto fit. I discuss the beautiful world of decentralization, blockchain, cryptocurrencies, general investing, and much, much more. I try to kind of look at this from different angles. On the one hand, as a CEO of a large group operating in a crypto space. Obviously, as an investor trying to increase my purchase power, as someone who works with various regulators, and so I try to bring every, like a little bit of an aspect to that. If you look into normal investments aside of crypto, then all these investments, as soon as they are liquid, have a price, right? Then you can track this price. It's very, very easy. But Buffett always says, price is what you pay, value is what you get. So the question always is, how can you look at value? And there are different metrics, ideas, what you can look at. In general, we have cash flow in things like stocks, like bonds, like real estate. And what happens normally is you look at how much cash flow is produced, and you look at how valuable is this cash flow. For example, if interest rates are relatively high, that cash flow is not as valuable because it's very easy to get cash flow simply by lending money to the government, for example. If interest rates are relatively low, this cash flow can be very, very interesting. But in general, you look at cash flow. With some other companies, you look at even more, some more fundamental things, right? For example, a Tesla, Tesla key metric is always how many cars are produced. And so obviously the more cars per week, for example, are produced, in general, you can say, well, Tesla becomes more valuable. With Amazon, this was very powerful in 2000 dot -com crash, Amazon price got slaughtered. But at the same time, the revenue numbers went up, the number of customers went up, the number of purchases went up. So it's undeniable that the value of the company went up while the price may have gone down. Well, this is cash flowing, so generally this is a bit easier. But when we think of non -cash flowing things, we could think of commodities, we could think of precious metals like gold, and we can even think of fiat. Yes, fiat is cash flowing, but most of the time that cash flow is inflation. And so it's also interesting to kind of counterbalance that. Sure, interest rate can have a net yield if it's higher than inflation, and some years this is the case, and in some years it's not the case. But we're going to look at all three. And then we're going to look at crypto, we're going to look at Bitcoin, we're going to look at Ethereum, we're going to look at DeFi chain, and we're going to look at some parameters there. So first, let's look at commodities. In commodities, we obviously have a price, there's no cash flow, but a couple of things we can look at is how much is this commodity actually used. So for example, if we look at oil, we can see how many oil -needing cars are out there, how much oil does the industry actually utilize. In general, and this is key here, this generally means that this commodity, or be it a rare earth or something, is used, so it cannot be put back into its original form. Now obviously this is important here when we talk about usage. Now with gold, precious metals is a bit different, because in general gold cannot be used up. It can be used, but it cannot be used up, because it's an element, and destroying an element is not really possible. Now you can transform it, but with gold this is very very uncommon. But we can look for example, how much gold is used for industrial use, we can look at how much gold is used for jewelry. Now in theory this can be undone, but industrial use of jewelry in general is not a price speculation. So this would be a very very clear utilization, and these are kind of parameters that we could look at. So the more the Indians or the Chinese are buying gold for jewelry, in general we can say the price can be very well supported by something else other than price speculation. Or if more iPhones are being built and they need gold, then well this also drives obviously gold usage. What about fiat though? Is fiat only kind of used for a price? Is the US dollar the only thing you can look at is relation to other currencies? No. The actual use of a currency is that of a unit of account. That's the prime and number one kind of metric. How much is the dollar used as a unit of account? And we have a very good metric for that, and that is GDP. The bigger, the stronger the GDP in general, the stronger the currency. The number one GDP in the world, US dollar, that is why it's the global currency. And other currencies obviously go up there as well, but in general this is the number one utility measure for all these things. So you do have very clear utility numbers for all these things. And then we have crypto. And in crypto, the number one metrics that we always see from people out there are price metrics. People look at charts, they look at moving averages, they have the $200 moving average, they have a 20, a 50, a 200 week moving average. They tell you that the price has never crossed those things. But to be honest, these are absolutely terrible to me, these are not really good parameters. They are just there because we are actually really struggling to find good parameters in the crypto space. And you will see this. Now I have separated the parameters into three different types, into those that are really terrible, those that are okay, and then the gold standards. Now the gold standards measure the actual utilization, and this is always the key, and you will see this. So let's dive in with this. And maybe before I do this, let me know what you think is the key metric to look at when we look at Bitcoin. What is the key parameter? What's the key measurement? How would you measure those things? So let's take a look here. Now I have four really, really bad ones. The first one, anything that can actually be easily gained by bots or by a cyber attack. And actually, Satoshi knew that, and that is why we actually needed mining because he knew that it was impossible to somehow measure those things. For example, anything transaction -based because transactions are actually relatively cheap to make. So you can do a lot, a lot of transactions, and it doesn't really tell you anything. Also, the value that's being sent is a horrible metric because I could send a billion left, a billion right, a billion left, a billion right, and it doesn't tell you anything. Daily active addresses, also very difficult metric to use. Otherwise, Satoshi would have used these kind of things and would have said, look, instead of burning useless electricity, you have to make a thousand transactions, so the more transactions you make, the higher your chance that you're going to find the next block. None of that is the case. So he knew that. Why? Because burning electricity is just really clear, but actually doing those transactions is not clear because it can be bots, it can be easily gained. Now, some people mistakenly think that the hashrate tells you a lot about as a metric. And this is just LOL, I'm sorry. Hashrate is a consequence of the Bitcoin price, not the other way around. Now, I get it. To a certain extent, you need some hashrate, right? Because if you have zero, then this network is not stable. But after a certain limit, it doesn't really matter as much anymore if the hashrate doubles, for example, right? Like at the moment, the network doesn't become more stable just because the hashrate doubles, or even if it halves, it's not half as strong. This is ridiculous, right? It's so, so, so difficult already to attack it. And at the end, hashrate is purely a service provider that the network pays. So the bigger the budget, the more hashrate there is. And obviously, it's hashrate times hashprice. So the hashprice has been going down. So that's why the hashrate keeps going up all the time, even though the budget actually keeps going down slightly just because hashrate is actually going up. So the key metric is not necessarily hashrate. So it would actually be the hashprice. That's the key thing. And it's absolutely useless to look at that because that's just a consequence of the price. So looking at hashrate is just a trailing parameter from price doesn't really help much. Again, looking at price itself is just self -reinforcing. Just think about use price as a metric. Then if it goes down, that means value is going down. That means you should sell, which would make the price go down even further. So absolutely useless. And then there's a lot of those blah, blah statements, right? That are absolutely not measurable. And people love having this like, oh, we need to measure decentralization or the best thing is decentralization or freedom or it's the best thing ever. But there's no metric. There's nothing you can measure. And so at the end, this is just people kind of bypassing that they don't really have a parameter to kind of measure. So these are the really terrible ones. When you see people kind of talking about those, it's either they have no clue, they haven't thought this through, or they just don't have anything. And it's a combination of all three of all those. OK, so let's look at the OK ones. Now, there's a couple of OK ones and they're not really good, but I think they are usable.
Stuff You Should Know
A highlight from Revenge: Bitter, Not Sweet
"Hello everybody, the Xfinity 10G network was made for streaming giving you an incredible viewing experience now You can stream all of your favorite live sports shows and movies with way less buffering freezing and lagging Thanks to the next generation Xfinity 10G network You get a reliable connection so you can sit back relax and enjoy your favorite entertainment Get way more into what you're into when you stream on the Xfinity 10G network learn more at Xfinity .com Xfinity 10G Following in your parents footsteps is never easy, especially when mom or dad happen to be superstar athletes What kind of lessons do Hall of Famers like oh I don't know NBA legend Tim Hardaway and NFL icon Kurt Warner impart on their kids as they chase professional sports stardom How do they teach them the importance of prioritizing health and how to overcome adversity? Well, you can join heart of the game as they explore these questions and more with some of the greatest families in sports Listen to heart of the game on the I heart radio app Apple podcasts or wherever you get your podcasts Hey everybody get this we have a mind -bending announcement to make the stuff You should know episode on vinyl is now on vinyl. You can learn about records by listening to a record It's possibly the first time a podcast episode has ever been put to wax and we did it along with our friends at born Losers records It comes in three awesome colors black white and a super cool splatter core and you can order it for pre -sale now at Syskvinyl .com Records will ship on October 20th just in time for Halloween whatever that means So go to syskvinyl .com right now to get this super duper limited edition super cool stuff You should know thing a record on records Welcome to stuff. You should know a production of I heart radio Hey and welcome to the podcast I'm Josh and there's Chuck and Jerry's here too and this is stuff you should know the podcast about revenge We've done an episode on it was like a top 10 on cases legendary cases of revenge Oh, yeah, I remember that but we didn't talk much about Revenge itself and I feel it was high time. We've been dancing around it for decades now And here we are I Thought this is a great idea. So kudos to you because it Dave helped us out with this one and it's a lot of like science and studies have Sort of and I'm not gonna spoil anything but have sort of About revenge and what it means for the person getting the revenge. Yeah, I think most people How we feel about revenge it's from watching movies and it's like deeply satisfying to watch the Bad guy who deserves revenge get get their comeuppance right sure is or even be killed Just like yes that guy deserved that kind of thing. But in reality carrying out acts of revenge or They just it's not like the movies I guess is what I'm trying to say and yet there's a lot of evidence of revenge in real life so much so that the New York Police Department came out with a study in 2012 and Found out that 42 % of the homicides in New York were motivated by revenge man, so and that actually kind of underscores like a problem with revenge is That when you enact vengeance on somebody and you leave them alive almost Invariably that person feels like you overdid What in response to what they they did it was disproportionate. So now they have to strike back again And it can go back and forth until somebody dies or else somebody can die right away is the first act of revenge But the the point of the whole thing is is that once you do carry out revenge no matter if it's petty exciting somebody up for spam or Killing somebody in response to whatever Slight like road rage. They cut you off in in traffic. You don't feel good afterward You actually feel worse and that's the underlying point of this entire episode Yeah, you know my my favorite petty I don't do it, but my favorite petty revenge to witnesses It's pin and it's so dumb Everyone just settle down is on a highway when someone Is on an expressway and they clean their windows and it gets all over the car behind them Yeah, I see people all the time race in front of that person and do the same thing. Oh my god, really? Yeah, that is Petty that is Tom Petty. That's not Tom Petty because somebody was great That's just petty and I also wanted to say to you talked about Revenge coming back harder or whatever Emily has her own personal Saying like when we're messing around and I like I will do something to her Or I'll say something kind of mean as a joke. She'll she'll eviscerate me if it is and she calls it coming back double She goes I come back double. Oh boy I was one of those people that Think she gets pushed in the corner and is and man she comes out hard So it's it's a good trait and it can and one to be wary of at the same time Yes, I'm suddenly way more wary of Emily than I was before luckily I stayed on her good side You wouldn't come at Emily. Anyway, you're smart. No, so There's a lot of questions revolving around revenge if if the if we know for a fact It feels good to think about but then feels bad to do. Mm -hmm Despite the fact that when we're thinking about it, we're like this is going to feel good It's not the act of thinking about it. That feels good It's fantasizing about how good it's gonna feel to get that person back And set the universe right again to do all sorts of things that revenge allegedly does and it turns out When you carry out an act of revenge you are playing the chump to evolution and on behalf of society as a whole and That's kind of like the whole basis of a revenge. There's a Extensively in the animal kingdom and it really collides with the the modern evolved humans That live in these complex societies. We've formed today When you get those two things together an interesting podcast comes out. That's right what you're talking about the animal kingdom is also called retaliatory aggression and that is the idea that So let's say a lion mama goes out and kills an animal To leave for her little cubs to eat Another animal is like oh, you know Let me see if I could sneak in there eat some of that too The mama lion doesn't just scare this thing off to preserve that meat for the kids The mama lion goes and hunts down and kills that animal. Yes, that's good. They come back double Emily style Right. I mean like the the problem solved the hyena has been chased away But to leave your kids and go find it and kill it. That's that is Seems only retaliatory aggressive. Yeah, and this next one too. I'm gonna mention These are interesting because it made me sort of question the idea of revenge versus punishment Right because I think those are different things. Yeah, the rhesus monkey We've talked a lot about their vocalizations like they're all about the group or they should be at least and like when they find food Let's say they will tell everyone. Hey, I found food But if a rhesus monkey is ever like, you know I'm gonna have a little bit of this first before I call out and if they find that out There's a punishment for that rhesus monkey. I don't think they kill it But there is a punishment and this is the idea that these retaliatory aggressions are Deterrence it's like a punishment for everyone to see to prevent future transgressions like hey, did you hyena see that? Did you other rhesus monkey see that? So that you know would be an advantageous thing Evolutionarily speaking so that gene gets passed on Yeah Because the more the more you're prone to do that the the likelier you are to not have food stolen from you for your kids The likelier it is for your kids to survive and and your lineage to survive. So it makes sense Evolutionarily speaking this retaliatory aggression does at least right? Yeah, which I would still argue is punishment more than revenge. I Absolutely, I think you're absolutely right and there's a there's a story a couple of stories of Tigers actually engaging in what can only be described as revenge and it's very much up in the air whether what we're witnessing is actual revenge, but like you know, like there was a very famous story out of Russia where like a poacher not only shot a But also took some of their kill and that the tiger tracked the guy down found his his little lodging destroyed everything you could find in lodging and then waited outside for the hunter to come back and then kill them and that the Tiger managed to hold this idea in his head Or I think it was a her her head for up to maybe 24 hours after the the hunter shot her There's a there's a couple of stories out there that seem to pertain to Tigers Specifically that it's almost like it does contain an emotional component to it, but for the most part Yes, it's it's solving in a problem and then maybe preventing future problems among the animals Yeah, you know one of my favorite sayings is revenge is a meal best served cold Yeah, I don't know why cuz I'm not a revenge guy really, but I just I think that it's just such a great saying I just like it, you know, there's something about like oh, no, no The real revenge is like when you wait around for a while Oh, yeah, and then when you would might not be suspected you come back and take that revenge Yeah, because if you just immediately do it in response, you're a hothead and a dummy anybody can do that But just sit there and really stew on it and figure out the best way to really get back at the person that takes intellect Yeah, I agree and a little bit of craziness.
SI Media Podcast
A highlight from Andrew Marchand on MNF, McAfee, Swift/Kelce Coverage & More
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It's your journey. Welcome, everyone, to SI Media with Jimmy Traina. Thank you so much for listening. The usual periodic check in with Andrew Marchand from the New York Post this week. He joined the pod to talk about a variety of topics in sports media. We get into the ABC ESPN Monday Night Football staggered star double headers. We get into how ESPN and the ESPN and Pat McAfee marriage is going. Deion Sanders stuff. How the media has handled Taylor Swift and Travis Kelsey. What's going on with WWE and Monday Night Raw most likely looks like it's going to be on the move. Andrew had some stuff on that. A couple of things about local New York radio. So a bunch of sports media topics with Andrew Marchand on this episode. And then Salicata joins me as he does every week for our train of thought segment. Where we get into some NFL things about the Eagles. Should the NFL ban the Eagles one yard play. Joe Namath and Lou Holtz making headlines. Get into these ridiculous prop bets on Taylor Swift and Travis Kelsey. And Sal has a rough Sunday coming up. So if you're a fan of the train of thought segment, you'll want to hear that. Before we get to the full episode. I want you to make sure you listen to past episodes. If you've missed any and make sure you subscribe to us. I media Jimmy trainer. We've had a great run of guests. Kevin Clark from ESPN was on the show last week. Scott Hansen hosted the NFL Red Zone channel two weeks ago. Julian Edelman three weeks ago. Charles Barkley, Peter Schrager, Chris Russo, all recent guests. So if you missed any of those, give them a listen, download, subscribe to the pod and leave a review on Apple. We'll read it on an upcoming episode. All right. Andrew Marchand from the New York Post, followed by Salicata and train of thought. It's all coming up right now, right here. On S .I. media with Jimmy trainer. All right, training me now. S .I. media podcast regular. This periodic visit from the New York Post. And the March and Iran podcast is Andrew Marchand. Andrew, how are you? I'm good. How you doing, Jimmy? I'm good. I just realized I didn't put my phone on do not disturb. So I'm going to do that as we speak. And I'm going to let you know that I had a reader last week for my mailbag column on S .I. com, send it an email and said, when is Marchand's next appearance? So here we go. You made someone happy. Thank you that person. You made someone happy by coming on today. Let's start with this. A lot of media news to get to. Have you heard anything from ESPN or do you have any intel about how they feel about the last two weeks? How the staggered Monday Night Football doubleheader has gone? Because I've gotten a lot of emails and tweets about it. I'm sure you have as well. Yeah, I haven't talked to anybody specifically about how they feel about it. I mean, it is an NFL decision. ESPN is not in control of how those games are scheduled. Maybe they have some say, but it's the NFL decision. Yeah, I don't like it. Actually, in our podcast with John, it was my who's down this week. And the reason I just feel like I kind of said this on our part, it's too it's like having two quarterbacks and you have none. Right. And now if you have Joe Montana and Steve Young, there are two awesome games. Maybe that'd be better. But I just find my attention split and I don't know. And even at like halftime, I wouldn't recommend you go to the other game. Like I get what they're trying to do there, but it's not the NCAA tournament. And usually it's in like the second quarter, third quarter. So I personally don't think it really works that well. Now, I think they want to avoid I'm not positive, but I think they want to avoid that 10 30 late window. We used to get the Monday night and you get the, you know, crazy crew, either Chris Berman or Golick and Greenberg, you know, some of those crews back in the day. They probably don't want that late night game where, you know, you're losing that East Coast audience if it gets too late. But I don't know. I don't think this necessarily works. See, I like it. And what are the tweet? What are the tweeters say? Most people seem to not like it. Yeah. And why do you like it? The more the merrier. Give me as much football as possible. If I can watch eight games at one o 'clock on Sunday and four or five games at four o 'clock on Sunday, I can handle two games on Monday night. So, you know, I have two TVs. I put one game on each TV and two is better than one for me. That's just how I feel. Yeah, I've been a little running around these last couple of Mondays when this happened. So I may be a little bit, you know, my opinion skewed a little bit by that. It hasn't just been like I'm just chilling and watching, been running around a little bit. So perhaps that's, you know, maybe I could be swayed. I will say, you know, I don't know. This is a whole separate discussion. I would love to know your take on this, but I always feel like it's a little tough sometimes to criticize people in this podcast when I also have to book this podcast. So I try to be careful. Yeah, I notice you're very soft. That's what you're trying to say. Sometimes. So I'm sure this guy will never come on again, but they gotta do better than Chris Fowler on the secondary game. Just not, it's just not working. Chris is not a great play -by -player. Right. He was a great host, studio host. Can I say one thing? Yeah. He's on tremendous tennis. Like I watch the U .S. Open every single day. I think he's great on tennis. It's football where it's just something feels off. Well, tennis is also slower. And like you look at people who do really well at the slower sports. Like, you know, Jim Nantz is better than Chris Fowler, but Nantz is really his best thing is golf. And I think he's an OK NFL play -by -player. And at the end of his college basketball run, he was definitely, I don't know, OK is probably, you know, he was OK there as well. And I think if you look at Fowler and his history, now he's been doing play -by -play for a while now. And he has gotten better. Like when he first started on the number one crew, I mean, if I were covering it then, that would not, I probably would not have been that kind. Because he has gotten better, but it's not really good enough. And he's the rare case, I think with Herb Street, that Herb Street makes him better. Usually it's the play -by -player who makes the analyst better. And yeah, I think you're right. And I also think, you know, in fairness to Fowler, you know, ESPN put that crew together. They replaced Levy there and they had a year or two under their belt together as a team. And, you know, not the full team, but him and Riddick, Levy and Riddick, and then Jadolowski. And I think they kind of don't, they underestimate chemistry. It takes time to build it up. And so I think that hurts. And he just, he's a college guy too. It's hard just to come into the NFL. I know he, you know, he's talked how hard his schedule is with the U .S. Open. And then, you know, doing a game a couple days later. And then doing a college. And so, you know, that's hard. And so, yeah, he's not a tremendous play -by -player. To me, this is just me, it felt like when ESPN gave him that gig, it was more about ESPN trying to impress the NFL. Like, look, we have our number one college game. Like you had said earlier, the secondary Monday night game for years was, you know, Golic and Greenberg and Chris Berman with a cast of character. Rich Ryan did it one year. I think this is ESPN trying to say to the NFL, because now they have a Super Bowl and they have this big contract. And, you know, they brought in Buck and Aikman. Like, we're serious, we're going to take our, regardless of what you think about Fowler, he's their lead college guy. So, I feel like they're like, oh, look at us, we're putting the lead when, you know, that. Yeah, I think they screwed up and I think they know they screwed up. I think that they ended up shifting who was in charge of the NFL. It was Stephanie Drewley. And they moved her off the NFL after, you know, I think that didn't help her cause in terms of staying on the NFL. I think they were satisfied with Levy. He was a good guy, which they value. After they brought in Joe Buck, he was very gracious. You know, Levy's a very good hockey guy, especially studio host. I thought he could have, you know, could have been the pregame show on Monday Night Football. He's in, again, not their, in my opinion, they had other people who are better play -by -players for football, but it was good. Like, so, yeah, I don't think it was to impress the NFL. They got Joe Buck and Troy Aikman. They got the Mannings. I mean, they spend, they're spending 50, 60 million dollars a year on their booths. Like, I don't think the second team booth is gonna, you know. If anything, I think it was, there was a thought before Buck and Aikman that Fallon and Herb Street might get the NFL. Might get Monday Night Football. Might get the potential Super Bowl. And then this is kind of a carrot since they didn't get it. But I'd argue, and I even talked to Chris Fowler about this. So, I don't know if this is the case. I just don't know if, I mean, Chris Fowler does the national championship. He does the biggest college game every week for Disney. I can't, like, I get it. Maybe he wanted to do NFL. But is this really gonna satisfy him because you're doing a second game, which generally aren't that great? I don't, I don't see that long -term, personally. And I think also, strategically, if I'm ESPN, I'm putting a young play -by -player. Now, Joe Buck, we both think it's great. Like, he and Ian Eagle are the best two play -by -players going right now. And, um, but, Joe Buck's contract's up in a couple of years. If I'm ESPN, and I, you know, I think they'll probably re -sign Joe Buck, and they should. That said, he makes a lot of money. And, you know, I would be saying, who can I develop? What young guy can I develop? So when I go into that negotiation, I really have somebody who's on the rise. And I can say, hey, look, you don't want this, you know, the 15 million a year? Then we'll go here, you know? But if you start demanding, I'm not saying this is going to happen, but, demanding even more and more money, I'd want an option. I don't think they've created an option. They've actually put somebody in that spot who they've already said they'd rather spend 15 million dollars on Joe Buck than have Chris Fowler as the lead play -by -player. So, I just think negotiation -wise, and strategically, in terms of saving money, it wasn't a great decision. Yeah. I don't understand the insistence on the three -person booth, either. They had Fowler, Greasy, and Riddick. Excuse me, excuse me. Levy, Riddick, Greasy. Now it's Fowler or Lofsky, Riddick. To me, that, and, Fowler's used to a two -person booth with Herb Street. They have Buck and Aikman, which is a two -person booth. I don't understand the insistence on the three -person booth. It's just, for football, it just, I don't get it, but, that's just my - It complicates, it over -complicates it. Yeah. And like you said, chemistry. I think it's much harder to develop a chemistry with three. I mean, you know, the local Mets situation is different with Gary Cohn, Ron Darl - Is it in baseball, is it football? What three men, can you name - I mean, I guess back in the old Monday Night Football days, there were three men booths that had - Yeah, Collinsworth and Aikman with Buck that one year. Yeah, one year it lasted, you know. So, I don't know. But, there's no more staggered double -headers. The next one is week 14, and both games will start at 8 -15. I think that's the one that's going to piss a lot of people off. But, that's a long way down the road. You got the two TVs. Yeah. I asked you if ESPN, how they feel about Monday Night Football. Anything you've heard about how they feel about their new partnership with Pat McAfee. I mean, it's early, but they're bullish on it. I mean, they've kind of handed the keys to the network to McAfee. I mean, you can't - it's kind of like Stephen A. now. You can't really turn on ESPN almost every day except basically Sunday without seeing Pat. And so, you know, I think initially the ratings weren't that good. I think they got a little better in terms of the TV ratings. I think that kind of makes some sense because if you think about it, he was a YouTube show. Yeah, he's got to play for TV. Yeah, and he's still a YouTube show. Well, it is a play for TV because they think that they had Max in there before. They think that the ratings will be high enough that they'll be able to charge more for the ad rates. I guarantee you the money they'll make off of McAfee on social media and YouTube will be 8 billion times more than the money they made off Max Kellerman on social media. Oh, 100%. No, you're right. No, you're right. There's no doubt about that. And look, they want to get, I will say this, like, does it work? I think a lot of times when companies make big moves, you know, big time moves, a lot of times they make those moves when the person's kind of towards the end, you know, they got McAfee on the rise. Like, you know, we, you know, you and I have been aware of McAfee for years now, but he's really like, you know, here, I don't think he's at the plateau, you know, where most people go up and then they plateau and then they go down. He's at, he's still, I think, going up and then maybe the plateau is on the horizon and you can plateau for 20, 25 years if you have the right attitude and personality and just have the right act. So that's where I think that makes a lot of sense as a bet because it's not, I'll hit one close to home, Rick Riley leaving ESPN. I mean, leaving SI for ESPN where, you know, Rick Riley is one of the great columnist ever, but at that point, you know, whatever, maybe it was the internet, I don't know exactly. It just didn't really work as well at ESPN as it did at SI. And so I just think they've done that and that's kind of, you know, teams do that in sports and I think sometimes networks do that. And so I feel like signing McAfee in his mid -30s is kind of like signing a baseball free agent who's in his mid -20s and I think that's what you want to do as opposed to getting a, signing a 35 -year -old and, you know, thinking they can still play, you know, like, I don't know, like a Josh Donaldson, maybe trading for someone like that, Jimmy. You see what I did there? I don't need reminders of the horrific Yankee season. I just did that on purpose. I don't need that. My head was going, who am I going to say? All right, yeah, Josh Donaldson, but it was a treat. Just a, yeah, you want me to say Brian Cashman should be fired. It's amazing too, they replay that. I didn't know this was going to be the situation going into it, but they replay the show as soon as it's over, I think, on ESPN 2 and then they replay it at night on maybe ESPN News or one of their, what you said about if you're going to put on one of the ESPNs at any point in the day, you're going to see Pat McAfee. Yeah. So that's good for him. Like I, you know, people feel like - But I also think, ESPN has to be, they have Aaron Rodgers on their air every week. It's a news making thing that's on their air every week. They've got Nick, he's got Nick Saban on his show every week. Yeah. That's a news making thing every week. I would think ESPN has to be, forget the numbers because the numbers, I think, will be there. It's still a new thing. You have, the ESPN audience is older, the McAfee audience is younger, it might take some, but I would think ESPN just on the brand and the cachet of that show has to be thrilled. I think so. I mean, but if you talk, like I have, again, I'll probably make some calls here in the near future, but so I haven't talked specifically with anybody about that. But generally speaking, when these things first start, everyone loves it. So then we'll see. Again, I'm not saying, I could see it either way. Like, you know, McAfee has not really stayed at any of these, throughout any of these contracts he's had. So that's something to watch. Maybe this one he does, but that hasn't been the case previously. So that is something. I think the fact that he's on game day has to help the relationship there a little bit with ESPN. Here's the thing about McAfee. If you're managing him, in my opinion, and it's like Casey Jones, the former coach of the Celtics, was known for just throwing out the ball and telling McHale, Parrish, and Bird to go play, Dennis Johnson. At least that's how I remember as a kid. That was his reputation. And I think McAfee is sort of like that. Just give him the ball, let him do his thing. He's not looking to, you know, for some strategy. Let's, you know, triangle offense. He's not looking for that. He's looking for, let me do my thing. I know what I'm doing. And the thing about McAfee is he's very smart. Like, I know he plays this, like, he's not smart thing. It works very hard. He works hard and he's very smart. He's very savvy. He acts as if, like, you know, maybe he's, you know, just a dumb jock. But he understands the media business very well. We need, we need to discuss the Kelsey Taylor Swift thing because I actually think it's a legitimate media story. If Fox is going to get these increase in their demographics of the female audience, the young people, the NFL has gone all in on this thing. I mean, they changed their Twitter header to, like, a Taylor Swift thing. They're putting out Travis Kelsey Swiftiest plays on their social media. He's gained, I guess, a ton of followers, the jersey sale. Let me start with this. How did you think Fox handled it on Sunday when she was in the stadium? Do you think they overdid it? Do you think the fact that they had an unwatchable game takes them off the hook? What was your take on the Chiefs -Bears on Sunday when she was there? I think the second part, and I wouldn't take them off the hook, but I think the second part, you have an unwatchable game that you had to switch most of the country out of because it was so non -competitive, that you have Taylor Swift there, it's a big deal. And, you know, there's a lot of Taylor Swift fans who are football fans, a lot of non -Taylor Swift fans who weren't watching that game, but it was a talking point, right? Like, I saw Taylor Swift in the concert this summer, but that was kind of - Look at you! Yeah, how do you like that? Look at you! You couldn't even get tickets. Big shot. Where'd you get tickets? My daughter's friend just won the lottery. No shenanigans. Oh, really? Tickets were $235 each, which is still a lot of money, but not, like, $1 ,000. And it was just kind of happenstance, how I ended up going. I was going to say, if your daughter's friend got tickets, how did you end up at the era's tour? I mean - Were you, like - It's just a long drive to get to the metal lands, didn't want them driving back. They're older, they can drive, but at, you know, one o 'clock in the morning from Taylor Swift, so - But you were in MetLife and watched the show. Yes. Friendship bracelets? Well, you want to know something funny? This is a good one. So, my daughter's friend said to me, do you want a - do you want a jewel? And I'm like, no, no, no, I'm okay. Thinking she's saying a jewel, like a jewel, smoke. But she was saying, like, to, like, get bedazzled, a little jewel, which I would have taken. So later, I was like, I told my daughter, I said, but your friend, she said she asked me if I wanted a jewel. She's like, no, no, she didn't say you wanted a jewel. She said, do you want a - a jewel to put some ju - you know. Right. I didn't have any bracelets, but I was into - I liked Taylor Swift. I wouldn't go again. I kind of felt bad being there, because there's people who give their left arm to be there. But it was - look, she is an unbelievable performer. I mean, it was - you could - first of all, I liked some of her songs. Secondly, the level of performance. It was just, you know, it was an A+. I mean, that - that - and that is something, even if you didn't like her music, you can appreciate it. And also, I appreciate it if I had to go to the bathroom. Easy pass right in there. No one. Right. No one's leaving their seat except for people like you who aren't in it. Yeah, and especially, yeah, and more skewed women.
The Crypto Overnighter
A highlight from 682:SECs Power Struggle: Congress, ETF Delays, and a Pivotal Hearing
"Good evening, and welcome to The Crypto Overnight -er. I'm Nick Ademus, and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax, and let's get started. And remember, none of this is financial advice. And it's 10 p .m. Pacific on Wednesday, September 27th, 2023. Welcome back to The Crypto Overnight -er, where we have no sponsors, no hidden agendas, and no BS. But we do have the news, so let's talk about that. Tonight, we're diving into the SEC's ongoing tango with the crypto industry. From Gary Gensler's controversial stance ahead of a congressional hearing to the SEC's foot dragging on Bitcoin ETF approvals, the regulatory landscape is becoming a battleground. And don't think Congress is sitting idle. They're stepping into the ring, demanding answers and action from the SEC. Buckle up, it's going to be a rollercoaster of a night. US Securities Exchange Commission Chair Gary Gensler has been vocal, and his recent statements ahead of a congressional hearing are stirring the pot. Gensler testified in front of the House Financial Services Committee, and we're going to get to his testimony in a bit. He's holding fast to his stance that most cryptocurrencies and crypto firms fall under federal securities laws, laws that, mind you, have been on the books for decades, according to his testimony. Gensler's view is a direct challenge to the crypto industry's ethos of decentralization and financial freedom. He likens the current state of the crypto market to the 1920s, before federal securities laws were in place. A comparison that's not just a stretch, but a leap back in time, ignoring the innovative nature of blockchain technology. Again, during his testimony today, he reiterated his belief that Bitcoin is not a security. He stopped short of saying that Bitcoin is a commodity. When he was asked if he believes that Bitcoin is a security, Gensler responded that he, the SEC staff, and prior chairs have said that it does not meet the Howey Test. However, he was reluctant to say that Bitcoin was a commodity during a follow -up question. When talking about Bitcoin's categorization, he said, quote, the test is otherwise for other laws. Again, refusing to answer the question. Gensler is not without his critics. Patrick McHenry is the chair of the House Financial Services Committee. He was the one asking questions about Bitcoin and receiving non -answers in return. McHenry accused Gensler of lacking clarity, and McHenry's point is valid. How can you punish digital asset firms for not adhering to laws when it's unclear if those laws even apply? It's like being ticketed for speeding when there are no speed limit signs. On the other side of the aisle, some Democrats like Maxine Waters are siding with Gensler. They believe that existing securities laws can work for crypto firms, but let's be real. This isn't just about regulation. It's about control. The government wants a piece of the crypto pie and they're using outdated laws to stake their claim. The House Financial Services Committee has advanced two bills. One aims to transition a digital asset from being a security to a commodity. The other looks to regulate stable coins. Both are clear indicators that lawmakers are scrambling to catch up with an industry that's already miles ahead. While Gensler was testifying, crypto entrepreneurs were in Washington for Coinbase's Stand With Crypto Day. They met with lawmakers and discussed how crypto is creating jobs. It's a counter narrative that needs to be heard, especially when the SEC is painting the industry as the Wild West. The SEC, under Gensler's leadership, is pushing for crypto compliance based on antiquated laws. That not only stifles innovation, but also contradicts the very principles that make crypto a beacon of financial freedom. And as the government tries to rein in the crypto world, the industry is fighting back, making it clear that they will not be easily tamed. Gensler's testimony is a pivotal moment for the crypto industry. His unwavering stance that most cryptocurrencies should be regulated as securities is a red flag. It's a philosophical clash with the ethos of decentralization that many in the crypto community hold dear. Gensler's comparison of today's crypto landscape to the 1920s is a thinly veiled warning. He's essentially saying that the crypto industry is a Wild West that needs taming. Now let's not forget, the crypto industry isn't Wall Street. It's a new frontier with its own set of rules and innovations. But Henry's criticism of Gensler is noteworthy. It reflects the frustration that many feel about the SEC's unclear guidelines. How can crypto firms comply with laws that aren't explicitly defined for them? It's like being asked to read a book, but the pages are blank. The advanced bills are a mixed bag. While they offer some regulatory clarity, they also paved the way for more governmental oversight, which could stifle innovation. As we unpack the SEC's heavy handed approach, it's clear that the regulatory web around cryptocurrencies is tightening. Gensler's testimony is sure to fan the flames of the ongoing debate on governmental control versus financial freedom. But folks, this isn't the only arena where the SEC is flexing its muscles. The SEC's recent move to extend deadlines for Bitcoin ETF applications from ARK21 shares and GlobalX is emblematic of the same regulatory hesitance. It's a systemic issue. The SEC's rationale, market manipulation and weak investor protections. But as many of you know, the real crux of the matter is control. The same control that the government is keen on exerting over the broader crypto space. And let's not overlook the timing here. While Gensler prepares to defend his stance in Congress, the SEC is simultaneously delaying decisions on Bitcoin ETFs. And why? All under the shadow of a looming government shutdown, adding another layer of complexity to this regulatory maze. And it's not just individual critics or lawmakers putting the SEC under the microscope, it's the entire crypto industry who is watching and waiting. Which brings us to the SEC's recent move to extend deadlines for Bitcoin ETF applications from ARK21 shares and GlobalX. Another chapter in the ongoing saga of regulatory hesitance and it's happening as the US government teeters on the brink of a shutdown. ARK21 shares and GlobalX had their hopes dashed when the SEC pushed back its decision deadlines. ARK's new deadline is January 10th, while GlobalX has until November 21st. This isn't the SEC's first radio. They've got 240 days to make a call after starting a review. But this time they've acted well before their interim deadlines. Why the rush? That looming government shutdown might be the culprit. ARK Investment Management and 21 shares have been in the game since 2021. They faced SEC rejections before. GlobalX is a newer player. They aim to offer investors a safer way to get Bitcoin exposure, but the SEC isn't biting. True to form, they cite market manipulation and weak investor protections as the reasons for their reluctance. Now, a federal court recently called the SEC arbitrary and capricious in its ETF decisions. Despite this, the SEC is continuing to drag its feet. ARK's CEO, Cathie Wood, expected this delay. She believes the SEC will approve multiple Bitcoin ETFs at once, if at all. Meanwhile, the SEC is also reviewing applications from big names like BlackRock, Fidelity, VanEck, and Invesco. ARK21 shares was leading the pack, but now it's anyone's game. The SEC's hesitance is a sign of the regulatory uncertainty that's stifling innovation in the crypto space. And as the government faces a potential shutdown, this regulatory limbo could extend even further. So really, this shutdown could not have come at a worse time. But shutdown or no shutdown, the SEC has been dragging its feet on crypto for years. So let's be real. This is less about protecting the investor and more about maintaining control over a financial system that's rapidly evolving without them. The recent court ruling that called the SEC's past decisions arbitrary and capricious is a signal that their time of unchallenged authority is coming to an end. Cathie Wood expects more than one Bitcoin ETF to get approved eventually, and she's probably right. The SEC can't hold back this tide forever. And they need to be careful because first mover status brings a huge advantage in this kind of market. The delay might be frustrating, but it's also a sign that the SEC is feeling the heat. They're running out of excuses and with each delay, they're losing more credibility. So while we wait for the SEC to make up its mind, the crypto community gets stronger and the traditional financial system gets a little more nervous. The clock is ticking and it's not in the SEC's favor. While the SEC continues to drag its feet on Bitcoin ETF approvals, citing concerns that many in the industry see as smokescreens for control, it's not just the investors and financial firms that are losing patience. The political arena is starting to bubble with dissatisfaction and it's coming from both sides of the aisle. In fact, recent court rulings and bipartisan demands indicate that the SEC's longstanding resistance to crypto innovation is reaching a tipping point. Lawmakers have decided they've had enough of the SEC's hesitation and are now stepping into the ring guns blazing. And trust me, they're not missing words. A bipartisan group of lawmakers urged Gensler to approve the listing of spot Bitcoin ETFs immediately. This comes after that court ruling we were talking about involving Grayscale Investments. Grayscale secured a win when three judges in the US Court of Appeal ruled that the SEC had to re -review its bid for a spot Bitcoin ETF. This was after Grayscale sued the SEC for rejecting its proposal. This exposed the SEC's double standard. The court specifically addressed the SEC's differential treatment of spot Bitcoin ETFs in similar funds based on futures contracts. The lawmakers argued that a spot Bitcoin ETF is indistinguishable from a futures Bitcoin ETF. The lawmakers in question are representatives Mike Flood, Tom Emmer, Richie Torres, and Wiley Nickel. They argued that a regulated spot Bitcoin ETF would increase investor protection by making access to Bitcoin more transparent and safer. They sent a letter to Gensler, stating that Congress has a duty to ensure that the SEC approves investment products that meet requirements set out by Congress. During Gensler's testimony today, McHenry did not mince words. He called out Gensler's lack of responsiveness as unacceptable, which is funny because the SEC, the very agency tasked with enforcing transparency, is itself under fire for being opaque. The irony is palpable. McHenry's frustration isn't isolated. It's part of a broader sentiment that's been building up for months. The SEC has been aggressive in its enforcement actions against various crypto entities. Yet it's the same agency that oversaw one of the largest financial crimes in U .S. history, and within the crypto industry, no less. Congress wants answers, and they want them now. They specifically targeted Gensler's communications with FTX. McHenry said, quote, "'You refuse to be transparent with Congress regarding your interaction with FTX and San Bankman Free.'" Now, this is crucial. FTX was a major player in the crypto space, and any interactions between it and the SEC could have far -reaching implications. I remember back then that people were accusing SBF of setting things up with the SEC to be more favorable to FTX than the competition. McHenry revealed that the committee made multiple requests for documents from the SEC. Seven months pass, they've received zilch. Not one single non -public document. McHenry's patience is wearing thin, and he's made it clear that the SEC is not above the law. McHenry is calling for a path forward, one where the SEC is responsive to congressional requests. If not, they're looking at the first congressional subpoena issued to the SEC. This showdown is a reflection of the growing distrust between regulatory bodies and those who hold them accountable. And let's not forget, this is happening in the backdrop of a crypto industry that's already skeptical of centralized authority. McHenry's ultimatum to Gensler is a significant moment. It's a challenge to the SEC's authority and a call for greater transparency in an industry that values it above all else. The ball is in Gensler's court. Will he play or will he forfeit? Either way, the crypto community will be watching closely. The SEC has been all too eager to slap lawsuits on crypto companies. Yet when it comes to their own dealings with FTX, one of the industry's major players, they're as tight -lipped as a sealed vault. What are they hiding and why is it taking a congressional threat of a subpoena to get some answers? McHenry's frustration is palpable and frankly justified. The SEC is supposed to be accountable to Congress and by extension, the American people. Their lack of responsiveness is not just unacceptable, as McHenry puts it, it's a breach of public trust. And let's not forget the irony here. The SEC, which has been so keen on enforcing transparency in the crypto world, is itself becoming opaque. This isn't just hypocrisy, it's a red flag. If the SEC can't be transparent about its interactions with FTX, how can we trust them to regulate an industry that's all about decentralization and transparency? The bipartisan push for immediate approval of Spot Bitcoin ETFs is a significant development. It's not just a win for the crypto community, but it's also a slap in the face for the SEC. The agency's inconsistent stance on Bitcoin ETFs has long been a point of contention. The court ruling in favor of Grayscale adds legal weight to the argument that the SEC's current position is, in fact, untenable. What's even more intriguing is the bipartisan nature of this push. In an era where political divisions run deep, the united front from both sides of the aisle speaks volumes. It suggests that the benefits of a regulated Bitcoin ETF, increased transparency and investor protection, are universally acknowledged. As I have long said, if crypto becomes a left versus right issue, both sides will lose. So it's good to see the left and the right working together on something for once. The SEC's reluctance to greenlight Spot Bitcoin ETFs is a blockade on financial innovation. This is especially glaring when you consider that futures -based Bitcoin ETFs have already received a nod. This differential treatment is not only consistent, but also discriminatory. Gensler's oversight hearing was a pivotal moment. The lawmakers are not just asking for explanations, they're demanding action. And given the court's ruling and the mounting pressure from Congress, the SEC might finally have to yield. This is not just about one type of financial product. It's about the broader acceptance of cryptocurrency in the financial ecosystem. A Spot Bitcoin ETF could serve as a gateway for mainstream investors, making it easier for them to enter the crypto market. And let's not forget, easier access means more capital inflow, which could significantly impact Bitcoin's value, and by extension, the entire crypto market. So what happened? In the showdown between Gary Gensler and Patrick McHenry at the House Financial Services Committee, the SEC's stand on regulating most cryptocurrencies as securities collided head on with the crypto industry's ethos of decentralization. Gensler likened the crypto landscape to the 1920s, a comparison met with skepticism and criticism. The SEC extended deadlines for Bitcoin ETF applications from ARK21 shares and GlobalEx, citing market manipulation and investor protection. But let's call it what it is, another play for control. And this comes amid a looming government shutdown, adding another layer to an already complex regulatory landscape. A bipartisan group of lawmakers is pushing back against the SEC's hesitance on approving Spot Bitcoin ETFs. This comes hot on the heels of a court ruling in favor of grayscale investments, adding legal weight to the frustrations with the SEC's inconsistent policies. Lastly, McHenry's calls for transparency in the SEC's dealings with FTX and other crypto entities culminate in a broader sentiment of distrust. He made it clear that the SEC's lack of responsiveness is unacceptable and even threatened the congressional subpoena. The overarching theme tonight is the intensing struggle for control and clarity between the SEC and the crypto world. On the one hand, the SEC is holding fast to ancient regulations that don't align with the ethos of the crypto industry. On the other, Congress and the courts are increasingly pushing back, demanding answers and more rational policies. This power struggle is affecting everything from how digital assets are classified to the approval of new financial products like Bitcoin ETFs. This regulatory tussle dictates the rules of the game, affecting your investments, your financial freedom and the future of the crypto industry itself. The struggle is far from over and each move has consequences that resonate throughout the crypto community. As we wrap tonight, it's clear that we're at a crossroads. The decisions being made by these institutions will either open new doors for the crypto industry or erect walls that stifle innovation and financial freedom. What's certain is that Congress is paying close attention to Gensler and exerting pressure on him to act soon, for better or worse. And that's going to do it for us tonight. I want to thank you, my listeners, because when you stop listening, I will stop talking. If you enjoyed tonight's show, then please like, follow, subscribe, leave a rating or maybe a review. And in the meantime, we'll see you tomorrow night. See you next time.
Double Toasted
"double" Discussed on Double Toasted
"Robin. So like i understand being entertained by it but like when's the last time you watched it 'cause it's two hours like fifteen minutes long and it is unrelentingly bad man. It just keeps going and it's hilarious. Freezing hell. batman is still one of the best i've ever heard in any movie. Fuck you citizen kane. But it's not. It's not my favorite thing. I'd probably put it there. But look i'm going to defer i i think we need to come to consensus nick. I will say as much as i like. That movie doesn't belong high fucking this. It probably doesn't belong in the middle. I think diesel combination of both of our values at this particular movie of batman and robin specifically. Okay that's fine. That's fine. Because i gotta tell you i hate batman versus superman wave more than that. It's technically a better movie. I guess it's just a terrible terrible terrible terrible movie. Yeah so okay. I don't my bevy supermax edition. I didn't watch The ethical cut. And tell you also do doesn't really mind original suicide squad. That's you'll all the opinions and the going side just shifted off fucking up. I wanna say that took the wind out of my sails but like bad took the sales off of my boat. You know what. I'm saying like if the wind comes back i'm fucked either way. That's how depressed that sentence just made me so. Luckily that's on here. But berry superman. You said you hate them. Wanted to have in robin nuts. Have what we go in order. I know that we started in the middle. We'll christopher nolan this tarantino. This we go from batman sixty six and then we can work our way up to. The present is that that's perfect. Here's thing balancing. Six is a piece of shit i fucking. Hey all those fucking things. I cannot stand. I stand them but how about you. So here's the thing. Obviously it's not my favorite. I don't think it's better than any of the other theatrical movies. But i think there's some it became very trendy when burton did the darker version of it right because batmans history for the longest time he wasn't this dark brooding thing. A lot of that happened in the eighties. You know like and there were darker arc's before that but that's when the change happened and we're talking about the dark gritty batman kinda stuff for that. It was a lot of batman. Sixty six campy things and so that is just as legitimate. Your big hoorah fan you get us campy is just as legitimate in horror as you know like true existential dread as as a slasher film any of that stuff you know So i wanna give it a fair shot man. I think it's a right in the middle. I think shark repellent spray is the funniest thing i've ever seen. Have you ever have you seen some days. You just can't get rid of a bomb from batman six. I mean come on. That's gold baby. There's a nun ducks. That's gotta give that a c come on you know. I can agree with see i can. Okay 'cause i will say force. Time definitely was better for that time. Versus what obama rob was. It's time now just to get this out of the way. So i'm not confused. I'm looking over here on the very left and we'll probably do you know from left to right now. Some dark knight rises. So i would say that. I still want to do in order. The second one is burton's eighty nine. Okay and and then. I know all the other ones so we can go from there. Okay i'm an eighty nine man. How do you feel about eighty nine. Let's talk about it. So i tell you i'm not a big tim berne. I only like never before christmas. And that's of course bright's fine but yeah i do. I really think that this movie was goofiest. Fuck and and granted. We just talked about atma six six and says it's either romero is. It's such a interesting joker but jack nicholson. I love him as an actor. And he's so fucking hammy as a joker and then like the movie so fucking safe that like literally like his big like ooh. I'm the joker. I'm a bad ass moment. Is he's knocking down. Pitches a fucking art museum right so listen anyone who knows me knows. I adore david bowie and prince. Those are my two favorite people except for in this movie for some reason. There's something about your right like there's not. It's not menacing when we're in a museum were facing are and prince's playing for some reason that takes me out of whatever real drama or darkness. There isn't that movie and that's the weird thing as much as people. Try to say oh. This is a dark version of batman. It's sort of still really kinda can be a lot of parts. I like it a lot. I have always preferred batman returns to this though. So it's like. I don't want to give it an a. because i didn't love it i don't want to give it a si. It's definitely better than batman. Sixty six right. I be a perfect place a pretty good spot for us. Put that right there. Boom and i'm sorry people but like another thing too like i also known for not liking prince over here in our community and maybe it's not for everybody. It's all good. But like here's the thing is i heard like maybe two singles didn't like him but that's subjective but objectively. What a terrible fucking song get the funk up guy ashgabat dance. Video gives me nightmares. I wake up and cold sweats like at least twice a week. Thinking about that fucking video. Nick yeah i mean by the way. Make fun of myself cornerstone. Some basha to. i'm sorry that prints. Aw man if you are someone who likes us on. I think you just really fucking love prince and not necessarily like judge us on its own merit because good fucking lord anyways moving on. What's the next one because comes in return so it's gonna be the second from the right with your right there. I like this movie right. Yeah yeah yeah. I like it a lot because it's got a lot of the weird gothic. Tim burton 'isms that we like but also michelle pfeiffer is killing it chris. Watkins killing it. It's campy as fuck. Like devito is genuinely scary. When i was a kid whenever the nose off the guy would literally scream all the time..
Double Toasted
"double" Discussed on Double Toasted
"Join it really is. It could've done something it's some bullshit. I'm sure everybody here's feeling the sands blue citizen bullshit. It's not even fuck you because it just don't even go hard enough to get that. I'm not. I'm not angry at it. I'm disappointed you could have been so much better. You could have done so much more. Don't wanna go see you go see. Wanna watch a good carey movie. That's that could have been as ridiculous as this arm. Sorry your phrase that if you wanna see karen movie. That's ridiculous that in the way that karen should have been a go. Watch this movie. Called abe are the first black superman. This movie star salad being the the care movie that the karen movies should have been. Can they must be our new neighbours. She's made and that the chauffeur come on my. The kincaid are very fortunate to have such a charming maiden and butler. When will the case be arriving. I'm his odell. And this is mrs jacobson. Ladies are m. mr kincaid and this is my daughter. Debbie my husband. Dr king k. You're you're the made and he's chauffeur maybe get a hold of yourself. You'll never live in that house and pete out. Burn it down my belt. People get your far..
Double Toasted
"double" Discussed on Double Toasted
"This like this like. You've done something import ridiculous. They start changing the neighborhood. Giving the black names on john. Lewis look spoiler but whatever In is the speech is wrapping up. It ends with me in any money. Just looking at the camera. Yeah let heroes. The heroes in now responsibilities passed on to you in the fourth wall. Breaking the is looking at us closing a door sit. Yeah the komo man. Somebody said expect him to stay. Wake up oh you know yeah some bullshit income and this is what you'd expect what you expect it. Well i would even say it should have been what you expected. It should have been should have been so bad. It was a larry's are it should have been the move. We thought we controlled with our. I should have been as a trailer. And that's okay. Yeah 'cause i was like well. There was always at avenue to actually be good but when you look at everything like there was no way that was going to happen to blatant left as a trailer it. It says everything has got to say. The actual movie doesn't lay out anything more than what you see here. Other than you're just taking through the steps of it. The only part where it really crosses. Ob into being laughable is when it gets to the get into it is just such a like despite all head of modicum of hope for together very well and it does the opposite movies looking at you. Oh honey bless you expect. Something good from us even wasn't even bumped. Well you got the right. People were drinking. They get a lot of ours is like shit. We've seen before and not even. Yeah that's the big thing about. The movie was very much. A by the numbers thriller young couple moves in and there costed or harassed by a neighbor whether they're black or she's been whether the racist or whether they're you know crazy or any other combination you know it's the same thing it's it's it's terrorists. It's the one with the intruder. Yeah exactly it's all these you've seen this before it's just don't even worse. i guess. Yeah but it's gonna boring in that way. Yeah no it is really all like all moves just name like the intrude like the intruders. That is this film by this movie can. Instead of instead of a caring. And i liked the intruder man intruders. Funny is funny as hell man and you know and it's almost because what they do is because this movie i've got to mention this movie does not know what it wants to be. The problem with this film is that okay. The movie opens up like it's a horror movie. Yeah i got that that. Are that blood. Drop right then at of blood. Ominous still a wet of karen right there and make it seem like it's going to be a horror movie. They even have a karen. Jump scares kerley. Hey karen stop doing that please. The whole scene where they're actually going out to check to see what's going on like some wild adam dog one moment in this movie where. I laughed out loud. Was when she's just kind of randomly walking by he's a trash can trust. Goes out tomorrow over.
Double Toasted
"double" Discussed on Double Toasted
"To get out there and get your best. Hey stopped talking about car. I like also in the movie. They they they they surprise me with the with the moments of subtlety are holding back. Where like the they have a moment to that all cops not bad which this movie outbound like. I could not believe it really really so they don't try to go in and shade. Cops you know this is a they. They had another thing that they did in there. And i thought was pretty cool with somebody else but i can't remember what it is. Man off the homeowners association yes. I'm the people. Homeowners association was cool but in not just carry man. I mean like. I'm saying. I'm surprised that they were able to do that with the cop because everybody gets broad strokes here. Include the black people. Like i liked the actors man. I like koi heartache in jasmin burke i liked him in the film but like martin was saying earlier like the moment. They move in They they gotta put up all african art around us. Nothing wrong with that. Nothing wrong with that. But then the brother works at. He works at a. What's that center he works. He works at a community center. Man was like a special programs and he works at activists senate so they put up the african art. He works at a activist center. The dre dressed up in the african colors when they throw a party. You know she calls him. My woke warrior is like come on man. He knows like martin we get it. They're black. we got to know this. Because karen is so white so we need the contrast like come on man nothing here. Everybody's got broad strokes here. You know i. I think that there's a lotta things they could have done with this man. A lot of things that could have done with this. And i'm looking at how this could have been. This could have been a great parody. Man they missed opportunities like they're being obvious. What have we had jokes. And they're like what if there's an actual caring then got a cool. What does a black karen in the movie. You know what this was a movie about a racist care and who discovers are racism and tries to get over races ways because she realizes shit because my name is karen. And i'm a i'm an actual care and the other people won't let her bring up every little thing she does man. But i'm gonna tell you if your thought that newswoman closing up your thought that this movie was heavy handed before. Wait until the end boy. That's the thing. I was like all right. This is kind of cruising by it's lower than mediocre but it could have been worse actually expected worse till he starts getting to that third ending with. I regret everything point. Let the gates open heavy-handed wait until the end. They start punching. Usa aussies maybe hands right in. That's it that's what they want to turn to a spike lee production. At the end they want to be a spike lee joint at the in at the man as it is with these eba spike lee. because y'all know spike lee in various subtle himself. Get down kasit bag. Man is with these spike lee shots of black people. This is this is the funniest part. There's a there's a. there's a movie ends would've speech but the speech is being given by a guy that at at a press conference. That podium had a podium and rutten listen. This speech is already kind of heavy. This speech is already ridiculous but the whole time he's giving his speech. There's old black man. The trump that plan american beauty toy..
Double Toasted
"double" Discussed on Double Toasted
"Like good point air enough. Karen fair enough yes okay. They moved to a new house. They curtains were there. You could see the moon like in plano right on the window. They just putting the chocolate show on occasion. Yes trying to piss. Well she she also pissed off bud digging it cheap. But she's wants to fuck with the wife. Yes but see. That's one thing has dropped. You is that. Karen does mess with me and it seems like she's it seemed like she's into her or she fetish and that's not really it. She just wants to break up their marriage and probably ruin them and get them out the neighborhood but then they bring up these these subplots in dropped them so quick. And don't go back that it's not that clear so you know all these ideas that they don't even go they don't even go on a fully through with the arkansas knows so you know what i mean. There's there's a few of them in there that they do that man. Is this the greatest hits of racism and karen. 'isms that's that's the funny thing when it comes back over and he's trying to talk to his wife. Oh i know. And he's like yes. She was trying to get me to wash my shirt lahser. You took your shut off while you they're like do you really think i was gonna have sex at that point the movie they were already. What's the actress name who plays his wife. Oh jasmin burke. They've already clearly showing that. She's absolutely gorgeous and stunning. He's not going to go with this other person. He's christ oh no. No lord seen talk about making babies years ago. Yeah i'm gonna go with the white woman who's always been creepy. You really went over there and took your shirt off like please stop manufacturer conflict exactly manufactured confident exactly. I was stupid. i was mad at her like. Are you serious. Yeah and you know they got while this woman is so bitter and so races maliki trying to get with that. He knows it's just gonna like this. Ten years could.
Double Toasted
"double" Discussed on Double Toasted
"Feels so good. I'll never do that. A soap dispenser chomsky's but the old photos on the wall. Old general's i never met come on Very subtle fuck. Also the man left at this point in this movie because with all these all these racist stereotypes and tropes that they got up when i say racism talking about stereotypes and tropes of racist actual races but would all that going on they do some other things in addition to all those barrel type. Simplisafe's that you see. When i said that this move is nothing but a string of headlines and stereotypes strung together is also a bunch of speeches. Almost all the dialogue ohio. And you can't be doing a bunch of speeches with dialogue this back into booby. The dialogue is terrible. The nothing sound natural in his man. Nothing no one is no one piece of dollar. He wouldn't theater preaching are are trying to nil in a very obvious. They're obvious a message. We say no. It's going to say me literally. They're just they're taking time just to describe the characters you are. You're are black you're strong. You're intelligent you are woke and your beautiful and they did it like three times in the movie. It's like. I know you don't time to actually do care. Development obvious the way talking. This movie is either preachy. Are they're talking in messages. Are the throwing out slogans. All the time man and his and his bad man. There's a part where it's inevitable you know because everything else is covered in here but caring goes to their housewarming party. And that's the one she gets in there where she don't even take a cut off and she's she's already thrown out a little racist hinson jabs slaving away in the kitchen. That's like god. Take your coat off. I if you talk talk some racist should at least sit down. But she gets in there and shot already thrown out these little racist jabs and they don't ever say hey watch tone or get the fuck out my house they say all right komo nia and of course a nothing but black people in their in caring and carrying gets into the whole carrying gets into the the whole all lives. Matter thing you know they they. They know that they were gonna end up on that discussion clean number black people in his house and is five seconds in when she gets house as she starts having that conversation and some in the way it starts is one of the One of the women this woman right here. She's telling her man here she's like and they shot him five times like his life. Didn't matter my man right here says Yeah black lives matter or no. That brother said that like he just invented. I was expecting about these. After you said it'd be like black lives matter. Oh that sounds good. That gotta ring to it. Yeah i'll make a shirt all start a movement. All these saying black lives matter. I get it and it wasn't like he was saying it. Because he's referring to the movement no he actually was saying black lives matter. Sounds like we could go fuck out of here with that. Get the hell out of here. Well i by that point. She's saying just everything. Her mouth is something racist and somehow leaked. The husband is going like we'll guys calm down. Yeah well she's not that bad. Hey hey man chiel damn ho tips in now get to that dominiol. It'd be a hotel is. I'll tell you the mini it's movie. Should've mccall karen versus khotip to because yeah now that would've been a bad movie played with double feature with keen counters. Because i mean the dialogue that say throw out. They don't talk naturally. Make sure to throw out the the key words that we karen says like nobody. Even i gotta give it to karen. Karen would not go up to somebody black at a restaurant. And if she did she tell them. If you don't be quiet. I'm gonna call the manager but now she makes sure to go up there and like throw some terminology straight from the karen.
Double Toasted
"double" Discussed on Double Toasted
"Much as management only feel that feeling behind richard. Pryor yeah right there. Yeah you know. I hope he was trying to do the same thing with tiffany haddish. But you know doesn't work as well. I mean you wonder sometime if somebody if they if they're cast because either they're they're on the up there up and common agent or if they got look and the director says like out can make an actor out of him or if they nail it in the audition and then when it comes to actually doing. There just aren't very good. That's true that could the world may never know but i know one thing mostly was acting as her legs her legs now week. 'cause i just me. What does some things. We're here was getting longer shorter. Yeah yeah and they never said. She was wearing a wig in anything. But i was like wait a minute states. It was almost like doctor. Strange case is that a live ozone man. What i do like about the movie a lot like i said. Is that not time when we have theaters at. A catering to blockbusters got flash. The money are are at least try to act like they got money. You this one is. This was very comfortable being key. This was very comfortable being on the on the on the less expensive side of its look and that's cool because they really do want to make this movie feel like it's a very real world film right here you know not not and not just the real world but with the the very average real world hotels dingy as people. Have you know people shop like these people so like you see in these car tournaments where where they had bunch of hollywood actors. Yeah celebrity tournament. No no these people who look like the people that you see them little cheap ass. Casinos at the at the convenience store show rollers and smoking all night. And yeah yeah you know dry dry as it's and now some funny things in here for movie that's so serious at least pulse rate of knew how to kinda as lebanon to this. I mean throughout the movie. They got these. These people are just always in the background. Tom that's like one per poker player. Just keeps win wearing it on american flag top. Yeah got to cronies when usa you say it. It's funny man. Because he sees we'll be going serious and he's pools go by the background. They try to ruin the almost like labeling as like. Hey whatever's happening up here in front of your face. It ain't no more important than everybody in this casino has a story. This is a lot happier. It does have a very intense ending. Man has a couple of them has a couple of very intense lead ups near the end and As i say you know you don't get to see willem dafoe too much in this but the time you say he's not giving a really really loud performs either. He's it's almost like the good got anybody. But he's got you know. If i had access to willing to fall i would hire him every rate. Yeah still one of my favorite actors out there but yeah has a real intense ending. Couple couple intensely ups. I will say that is just. There's there's one part that their fellow flat near the end thought that was that was quick. Yeah yeah yeah that that. That's the thing for for a slow as the burn. Is the wrap up happens almost instantly. It's like i gosh. All the time we were of sitting around doing nothing. I wished that could have been used to expand on some of this year sitting around waiting like oh hey comes and it was like shit but i mean it's cool. I liked it. I didn't like the very very end. Man will tell you. I was like this is a mistake because this was a this. This is like the sea story and it wasn't even near being on the same level as others and and an intimate that way. I'm like so what are you trying to say here. They got one long. Shot in named make you wait and to like you've spent some the happen it me. Trolling you waiting for something happening. Why you on this. One last shot the credit star rolling mill. Fuck you damn. Maybe there's one of those marvel sting already stung. Thanks for their. It has a lot if i had to compare this anything already. Did it really does have the the pacing of taxi driver but taxi driver had just more intense. Little moments popped up taxi. Driver gave really. It really did give this momentum of a guy losing the whole time and this one is not that this one is like we wanna we wanna kinda like throw off while this guy is losing at the whole time and wait. I throw you off this to make this movie scene very ordinary and then you find out later that is that is actually not and they do have a good twisted. His movie man at caught a lot of people's off shit damn true like man you man man a good way cause upset point one thing here but yeah you search too. I liked it but but but there's so much potential then had to be a better and less forgettable movie they ultimately it kind of is. It is very forgettable. Which is what's to to back because you see so much in it that that makes you think any minute this is gonna kick into that high gear and i'm a i'm gonna go tell everybody about it and it not only doesn't do it. Sorta does the opposite. Yeah no man. I if i was to give it anything i would i would give it a. Oh man that's exact- that i was thinking too. Yeah a little man. Now light it. It's it's a good movie. I think it's cool that we see movies still being made like make movies like the and we need to have more movies made this more movies like this less cards. Take casino good. This is a movie theater there. You go people the data. Oh by the speaking of your birthday. Which is tomorrow. Yeah just wanna give quick happy birthday. Shout out to cargill is right. This is is always the day before that's right is his is today Yeah today don't feel good. If anybody knows him you know wish them happy birthday. He's got a new movie out that no man of god. Yes that yeah yeah. It's it's actually been out i- but the funny thing is like he he wrote under a pseudonym. Okay so you know people like you know not watching it. Okay right well i'll try to see if i can check.
Double Toasted
"double" Discussed on Double Toasted
"I mean you got to look at how they treated obama manhattan. Still treat them. You know he's a terrorist that they're not classy. Look at them dancing. Dancing like niggers man. Look at you know. I mean and then this guy comes in. He's a fucking talks about. Grabbing pussy is wife has taken and i think white house audio waves opposing news tedious making with and photos and shit and yet they're the classes buck people on earth. Hey look tell me what you like. Tell me straight abrasives w bias but also appear neck like stupid. When i can see shit i told you go goya but it makes sense to me right because like like there's the racist idiots who are like rich racist city it's like who is that appealing to that's appealing to the budweiser crowd bro. Like before i want. That guy is their president. Yeah of course of course no. You're very very much right. Nah man i mean they look say what you want to say but let the time for like trying to treat. People like this stupid is done. I had to tell the woman. I was in hung out with a friend of mine woman on a wednesday night and we were talking about stuff and i just i think she kind of thought i was too angry because she said why did this is ridiculous. So why do you. Why do you say to slow article. What's the difference between races. And you say you. Hey wipe i never said. I hate why he never said that at all. I did say that. I'm through trying to be classy and take up you know. Take the high road with people. I say 'cause now you try to take the high road people try to treat you like you stupid and you actually have to be blunt and straightforward people. You know i feel like today is i. You can look. We don't have to agree. We don't even have to debate about it but just don't treat me like i'm stupid because if you do. I'm just going to be very blunt with you and tell you how i feel. Because that's what happens today. You know people try to tell you like we can see things the riot the capital riots. That that those people were just tourists. They just they were just hanging out. They were peaceful Lot black people started that. I can see what's happening right there in front of me but yet you try to treat me like i'm stupid. Say that you're on their side. Say that you like the like the their dues. You cheering them on. We'll talk about that later. But don't treat me like i'm fucking stupid when i said right there. That's all i'm saying. Well i think that's the big difference now is that we're post fact. In a way that we weren't beforehand you know like bad shit still happened but objectively. We could see something on and be like. That's what that is. And we're past that now. Not only that. We have people who make profits to perpetuate those falsehoods. So that's the thing that worries me but korea. you ted lhasa. Positively things in a carry me over today. So i'm going to stop bitching about it. I'm just gonna right to hope for the best. I'll tell you this. Much man. I i've pissed a lot people off by saying very positive things like i said man i. There's anything. I don't hear anybody. Because i don't piss people off of this man. I don't wanna just black friends. I don't wanna have. I believe i don't wanna i don't. I'm sorry blackbeard. I want black friends. Only all right. I think life is so much better when you have a diverse group of friends. Man you know i just think i don i want friends from all backgrounds and i i would. I would be upset of only black friends. I'll be upset. Only friends of any one group so no. I don't think anybody 'cause i can't afford to i need. I'm stupid man. I need as much enlightenment as i need from. Different viewpoints is so you know. I'm all for like people having a diverse group of friends and a and a base. Anyway anyway sir in biology their strengthened bio-diversity and i think friendship in life. There is also strengthen bio-diversity. Yeah man somebody put a great right here. We shouldn't be hating anyway. We got eighty years on this earth. If you lucky y'all lucky you know there's so much now see that was talking about somebody. That chat tomba missed so much as i can understand people being. I don't care what you're angry about. I don't care if he's gay people. Black people white people dogs cats. I'd i if you're a dog hater. Our cat hate. I don't even understand that. There's just too much stuff to enjoy in life. This person all the food that we have all the places to go life itself so many things out there people remember that you know the more time you spend being angry hate no. That's you're taking more time away from being happy. That's the thing about it. yeah. I've always hated the expression you know Stop and smell the roses. But like i think the point of that is that every single thing. We experiences a minor. Miracle if you ever been super super hot. Water is the best tasting thing you've ever had. Have you ever been really hot. And a cool breeze cools you down or you hang out in the shadows or something like these are small things that are beautiful little miracles that we have every day that i think we take for granted because we're so divided. Yeah y'all need to watch nature series well much when nature series. I look at these nature series. And i'm just kind of like damn that's miraculous in on. I'm not saying that has been god did anything. Just that's crazy that there are so many incredible things on this planet man and people who don't see people who spend time being mad. They're the ones that want to destroy all that shit because they just don't they just don't get it. Don't be one of those people be happy. Enjoy life. It's not realistic to say what percent you gotta be. Happy be positive all the time. No one is that you gotta be some time to nothing gets done but don't let it over. Don't let it overtake you. Man find time to be happy time to sit back and take in wonder font on the look at things you never experienced before some amazing things out there man and is too much to sit around and be angry about like plus. She's you man. She's a nice plus. Hey i'm gonna play aired and we do email and then we're out ads. Do i gotta do some stuff today. I gotta go by a lot of things for this trip that we're going to do to new york. I got above a bunch of cases open. New york is okay man speaking. You know you're talking about getting tickets to new york and you guys are going through a flood right now. I hope everybody's fine man everybody's safe hope everybody's dry. I hope you actually join yourself. I saw a picture of a guy who was out there nasr. He was like flow lawn chairs. Something he was.
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"double" Discussed on Double Toasted
"Leaving. Memories took become legend collar insight. You all over the world eric. Different names but it's one thing one and women kentucky protect the world. What happens face break. The wheel keeps turning dark. One has done myself friends coming. The only thing that matters is whatever happens now. There's no turning back right..
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"double" Discussed on Double Toasted
"Comments cop laments insults input and earn advice. And hit us up with the social. Media's instagram twitter facebook do and if you are hitting me up with just two buried in your kindness your kind words emails. I can't move a cab. What can lift a hand. Kristen tell me an instagram at christian dot monster coming on facebook krishna leeann toys and some of you. But i wanna know all of you. Please come find me. Are you sure you want to know all of them. Are you sure about all up. Okay every single one of them. I don't know if i want all of you because some of you might have their own up in you that corona so that case i would say probably stay the hell away from me. I'm already swimming. In just about being in texas level five baby we have achieved but was things level. Hit us cooman. Gino dot com and let us know. What your plans off austin texas whether you're moving here just passing through because we will do our best when it's safe to hang out with you rachel so sexy fade there's a siren going by in the l. A. background perfectly beautiful corey. Thank you for that. Did it for you man. I did it for you. All the lovely crime in l. a. At this exact moment just to that siren would go past my house. I called in. Yeah i'll call in a bomb threat just like a siren by at the right time. A right john felonies for me. Thank you hey yeah man. Why wouldn't you know what that people remembered this. This day. it became known that. I love chris so much i will commit felonies for him. I will be technically passed a felony thing. That's domestic terrorism actually carried it out. I'm again. I'm a terrorist of love for chris that you go. That's beautiful. Sounds like a taliban reality show is done. Terrorists twenty women in one shot too heavy. See people trying to get hype train coming. Hey we'll see it. The hype train comes through. And i thank you for. All the heightened is support that you're bringing us. Let's see who was responsible for that saw juuling him. Dang came in and gave some subs. Who else was in here. Sweet this girl doing. That's my sweetie. Song for her swede scale. And i have a show called swedish girl at the beginning of i walk out of the door and look over a grassy. Hilltop seed got long. That's going to be the name of my production company. You know like like everyone now gets a twenty second thing for their production. Company would be like you walking into a door frame. And there's a beautiful hill with a sunset. And then you describe it and then you look back a camera and it says swedish girl provision right underneath you. Yes you know what i think. I can freeze frame sometimes. Let me let me do it effectively for you. Let me see. Let me someone is going to be some cool shit. Look at this sweet girl for all of them for this The greets eventually. That's gotta be the production company. I'll work on a little bit more. I liked it allied. Let me try it again. You still in full like or rating to a mountain mode. That's what i need. Command like not looking at the camera. Speed is yeah. That's perfect fit together. Come on postseason. You can't do it. I laid oh yeah. That was good. That was good. I'm telling you we we gotta hit this. That is good right there. Thank you for that idea man. Thank you appreciate swedish. Girl for existing. Yes without her. We wouldn't have had that bit a mega magic right there. It's just a magistrate. They they sit in the credits. Roll is swedish grow. Says i love it coy. Thank you oh that is my gift to you. Write a whereas harry ball sack. We need band with stupid reasons. Pain get swamped by hate. Raise but this banned for the name. Harry ball sack. Tom because they want to protect people. Stupid that's real. That's a real story and not a bit. I'm sorry way late to this party what happened. Oh harry balsa got banned for having the name. Harry ball sack name. It's not isn't it spelled like an actual name or is it. Yeah no it's phonetically. It's the same. But it's not literally harry ball okay. I'm sorry. change this unfortunate cards. We were dealt sir. I mean he didn't pick that name name but he he can change it. I'm sorry that's the most fortunate should have done boxing day thing but a joke. That is just sad. I feel really bad now. Justice for ball sack. Yeah no oh. Let's like dude named fuzzy criticism actually dame shit. Today's an idea session see children's show with a puppet named fuzzy clinton swedish girl production. Yes it by swedish girl. Productions.
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"double" Discussed on Double Toasted
"Us because the character. The bald. a and wig joke. That's what you end with the last ten minutes to start going like oh by the way you're both because it had nothing they just looking around the room for days to make fun of shit you ball hit. Get the fuck outta here without a wig joke and you didn't even think about it like you say wow that late in the game the shit you probably have to start with started with or had somewhere early on but now movies so bad look. I know what it was expecting right on on note. I was getting into god. Dammit i mean listen. I guess some progress was made. I'm at least able to point out the things that i thought were funny. That you know can't do that with any other move. No no you know. At least i said there was some improvement. I give them credit for being home got clever. Wow thought i never use that. But i'll also tell you this one. The it's one of those movies. That is so bad. That i liked the out takes better. Oh i hate out takes just a bunch of the the the crew or the actors laughing at each other and fucking up their lines i would normally but first of all none of this shit was all that funny and there's a scene because some of this shit is real comedy like there's a scene where you you boy right here. He's oh he's left the shit out his co. dot babbitt.
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"double" Discussed on Double Toasted
"Oh jesus is funny. That is funny man. I remember seeing that in the theater. I love. I love my ass off at that. Even thought that there were small bits of cleverness popping up here and there that we again making fun of the movie in a way. That doesn't like man. You got them right there. They name on onto characters after the actors who play them do they. Yeah yeah. it's because the sister her name. Is donna the lettie characters michelle. So that's why his name is ben. Yeah okay that's hilarious man because listen one of the oh matter of fact even the brand character it's instead of lewis black. It's lewis white really uh funny. You know there's moments in the movie. 'cause i've always laughed at the fast and fierce later on you know especially with like dom Vin diesels care to pose. Yeah just mean mugging imposes a home. They and they made fun of that in this. What's going let was kind of subtle because in the background. Everybody's like folding arms up trying to look on bad ass and shit but that's quickly ruined quickly. Ruined by an embarrassing joke. That goes on for way too. Goes on way too long. He.
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"double" Discussed on Double Toasted
"Of that scene doesn't go on. Oh you weren't in the room. Like i was off man all people they they had. They have plenty more to go with this. Y'all were in the room when i was watching boarding school cracker. I get no. I don't think you do one hockey. I have a favorite lacrosse team. I've a crush on martha stewart. People mistake me for the rookie underwear to be fair with the man. Something's call me off guard. And i did laugh. I'm not gonna piss stuck up. There probably would have been a time. Just be eight and it's just. Yeah i just couldn't get it out of myself to like to laugh out of afoul genuinely wanted to but there was some things that did catch me off guard here and i was like even some of them was like oh shit and i laugh because you know fair you got me. That's funny but it's fun to see that come in are man nuff said this now i did get them. Free breaking sosa. I did give it to him. I said man. I'm silly y'all know that and every now and then they'll do something as story so stupid so silly. You're ridiculous man. That i i had to laugh no matter what 'cause it's just so stupid amancio heart so i'm be fair that had eleven man our wellness over man. We'll just silicone breast screaming screaming. His.
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"double" Discussed on Double Toasted
"Form that joke with the brand new coming in you know the corny white dude. Oh decor enjoy that. Well fuck. we can't have that. Can we like seven minutes later. They can't even let me have that. Don't let me enjoy this shit. They had to come back a ruin. That joke oh he's white. Yeah we got it. It was funny for that for that. Second you ain't got it yet. Oh no apparently we don't. Oh what did i say. They got a curb. Stop this shit into the ground is just that maybe not the right guy for the job. I mean i'm exactly fit in. i'm really white. You'll be fine from so when i went to an all white boarding school nickname was cracker. No leave it there. No but but but you made the point that this. Oh no don't i might have made point but i don't think you don't think you do. I don't think you'd do hockey. I water ski. I have a favorite lacrosse team. I've a crush on martha stewart. Okay i got it. I got it man no you. Don't people mistake me for the wikileaks sky. Okay not even true civil. I kid rocco kind of pary satchels in my underwear drawer. No we're crocs y'all on bus stop course. Stop no man. Oh man. I had to deal with this shit but we got you making unless staying. Keep doing we gotta suffer together. I loved misery. Loves company side. Why would you misery loves company. My mother bugging name as misery. Right now i take a weekly zimba class. For christ sake. I cried when friends went off the air. My favorite actress of all time is kristen. Stewart and my favorite movie of all time is pitch perfect. We got it. Okay stop now. Oh you're going to act it out. Yeah people did. I get my point across also not the top up core. They did better this top. Fuck all y'all man. I had to sit through this shit you to bear witness to some of this with me to got damaged full disclosure. I got some laughs throughout the movie. It's like it. Just stop there because something would catch me off guard by the way. Even that scene goes on. That's oh i'll be merciful. That's not the in. I mean. I'm mad but i ain't. Hardly the sick kept going. They had they had about bobble white. Comparisons they did they did. Yeah there's a point like. I didn't even think you're talking about white people anymore. Somebody said they can't be more. They're seeing thought the same thing i said. What are they gonna stop. I think this is going to be the rest of the movie. Yeah you motherfuckers in there. You're talking about that scene. Shoot of that scene doesn't go on. Oh you weren't in the room. Like i was off man all people they they had. They.
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"double" Discussed on Double Toasted
"Before the movie that i was talking about. They use all that shit up by the tiny five minutes into the movie. All that shit is used up for childish. Shit what are you almost bitch you. You almost beat me. You not only can't beat me. You can't even beat yourself. Not through serena. I'm beating myself in junior high. Fuck you joe. Childish as really. It took five minutes before beepers and butthead took this shit over i. I saw that joke driving up coming around with everybody did should i almost wrote down. Oh here we are reverting to thirteen year old. But i'm not gonna insult you thirteen that you muggy saw shit coming to be like. Wow that is so fifth grade. That guy looks a lot more like mark strong than he does. Vin diesel. he does. he shouldn't does the. I actually liked that guy. No i do to. That guy was actually pretty cool. Yeah i like him as an actor him in the in the villain that they were my two favorite actors and it took them five minutes to just drop every little bit cleverness they. They just couldn't hang on. They just couldn't do it. You knew you knew what this was. But i thought it showed minute show promise so if you so promised you to put up that screen and all those other posters again. No i feel that. That should have been awarded. That's the thing that i had hope and then abandoned all who calls or whatever the fuck man i but the thing is that those jokes that we just we just showed man those things. They're over quickly even in like the man as cringe. That's bad that's that child is but but but at least it's quick. Let's move onto the what you were doing before. But now man as the movie goes on those jokes that are so bad that they would. They were bad for that split second. They told him they start to stretch them out. More and more they get they get painful along the robot ready see. That's that shit that made me hate. Join us years ago. Stop told how to keep doing and flashbacks thinking about.
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"double" Discussed on Double Toasted
"All is a little reductive and i hate to be the pessimistic one. I'm just saying like this is the one thing that we got like. It's gonna take another couple of decades to really achieve what we're trying to achieve here. Yeah every bit of progress comes with. Hey we gave you something now. Shut the fuck up. Every bit of progress comes with that man. And that's not supposed to be so no i'm not going to sit back and say that this is cool is not cool to the sentencing is not cool not cool. What's so fucking ever man. I'm not downplaying but no. This is not a moment to sit up here and say thank you very much. No keep calling this. Shit's they all right. Got this now the next mother fucker. That does it. They need to stay longer. You know this out is ever bother you man. We get this right to a speedy trial shed but we have video multiple videos of this situation and even admitted it and it still took this long. Dissenting someone like that. Drives me crazy like we try to pretend like we have this really robust and great justice system but like shit like this should be cut and dry and not take up taxpayer money the way it has and then for it to be only a halfway result to it's kind of disheartening man. Yeah yeah i mean. It's getting to the point. That's why that is why. These fools are making alternate realities. Now you this is not a coincidence. Is the making up alternate dimensions because we have proof of this stuff. Now you see it on. Video is in the news at the capitol riots. You saw them terry. People you try and trying to tear people apart. You saw them destroying the capital. You saw them Either i mean they killed a couple of people you know. There's still yet people trying to say that they're patriots and tourists is right fucking camera man so when these people can't continue to deliver this narrative like they used to because when there wasn't proof it was just word of mouth They were able to sit up here and just deny it but now the can't deny it. So what have to. They have to make alton alternative alternate realities. Are they just flat out. Deny are you know. They just warped justice. I mean this guy was on camera. They saw what he did. People are still trying to find some kind of way to say that. Oh if you look at the angle and what he did was with his knee and well the guy he was an asshole. Anyway you know what's on trying to say is what we had cameras bagger rodney king. You know what i'm saying. Like i only like six or seven years ago and i'm so sorry that i forgot the name but it was. It was an unarmed black man. Who was running away from the cop and south carolina and the cop shot him in the back four times. We had that on camera and you also didn't lose his job so my point is like the advent of having cameras. You've talked about this before right like oh all the cameras all the time. Have as many cameras as you possibly can for accountability in the sad thing is that also won't save you some no no and people still also because people do live in alternate realities. I mean we live a different reality than other people. You know people still think the cops so fucking noble because they don't have to deal with that side of the cops rich people and white people don't have to deal with that side of the cops you know well but we see the shitty side of the cops all the time. I'll tell you one more quick story and we'll move on. Because i just came up. I'll tell you all about this guy you know and i'll let i'll put the name out there because he's cool. We'll find but When we will spill we did a video game. podcast did it with Jeff icon professor. Jeff and i'm not getting the details but jeff saami at a bar one night Things icy between us and as he's walking. I said well may want to talk about it. We went over to this to this place called gyms. I got to tell you the kind of reality. I'm fucking living in because my life is good. I downplay but now that is a common occurrence. I see i see more now. I'm like wow. I did go through that. Because i was like man. I don't go through this. I still fight for it. But i don't go through an unfortunate not to go through it as much as other people but i have gone through it. I got fucking carried in kind of a profile by the cops all on one night jeff sitting at the at this booth. We're talking basically glue heated. I guess it gets. It gets too loud for some guy. Some guy comes over. Some white guy who's sitting at a table becomes the next to he comes home and he says i've sat over here and i've had to listen to you. I'm telling you to turn. I'm telling you to be quiet. You know. He came up with attitude. He and come over and say ey. Can you keep it down. Which would have been like. Yeah i understand. I'm sorry you came over and gave me attitude now. I'm telling you to be quiet. Essentially going to do that. I didn't threaten him. I just i just said i wasn't going to be like fuck. You not sit a what it is like now you threaten me now. I'm calling the cops fucking karen by ken before carrying out there do call key calls the cops and i'm thinking like all right. Well i didn't do anything. Let them call the fucking cops cops show up when they get there they pull jeff aside jeff who's white they jeff aside tell jeff they say sir you okay. Did anything happen the threaten. You mean they pulled me aside and like so you wanna tell us happened. What did you say to him. What did you say to him. I'm jeff and i look each other from across the restaurant because jeff and like jeff was like. Oh my god. I'm looking. I'm looking at the fucking difference. Right here in jefferson. I'm looking at jeff and we're looking at like can you believe this shit and i'd finally they. They need station. They say all right. This is bullshit. Whatever we're out this wasted time but they did treat me differently than in the thing is you could ask jeff about this just in case you're making something up. They love tell you what was funny about it. Though is that when they left they left the fuck dude there by himself so when so when it was when it was done they all walked out and i didn't threaten to do what i wasn't even threaten the but when they walked when the police walked out i did go i looked and then when they left that table and pack. This shit up. Walked right to fuck. That's such a great story. I mean yeah you had to have a bucket racist should you. But hey like happy ending at the andrey yeah. Yeah kinda so you know anyway. People can bring one thing l. please. Dan generally related. Because if you saw your favorite people in the world read it they actually came and had my back. This week are in the heights. Video sparked a little bit of controversy. And by that i mean i was told that i am to light skin to have an opinion on what it means to be puerto rican so yes because back me corey. You're always talking about about read it and rightfully so low way. Hold on wait wait wait. Let me stop there. I don't i always talk about read. It i talk about the things that i i..
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"double" Discussed on Double Toasted
"The web's out of our trades negroes line. They don't see you know the original but it was near the first multi verse exactly. Yeah they know spiderman and dan my powers they know superman. I mean the fact that they were able to name check spiderman without challenge. That seem to put them in the mcu officially on a first name basis over for dinner. Yeah before there was the multi verse before those doctor. Strange it was up and away. They went to the dc universe and the mobile universe. They know everybody. They should at least give it a little reference. I think that'd be amazing. They're like the jenkinson university man. Humble beginnings beginning everybody wants to bring back old properties and do a new spin on. Yeah this is perfect. Oh yeah absolutely. I just i just like it. They know they know spiderman they know superman and black folks still can get. That's why still condors bitter you believe this totally q. Yeah well so. I think for you know what i actually think for for. Can we change the halloween plans. Can we cannot be name me and mark. Can you be the back then. Goes cautious together. We'll get to party city today..