40 Burst results for "Eighty"
"eighty" Discussed on Bloomberg Radio New York
"Eighty three percent rated the lowest margin fees by stockbrokers .com their clients can also earn extra income by their fully paid shares of stock join interactive brokers clients from 200 plus countries and territories to invest in stocks options futures funds and bonds on 150 global markets rate subject to change learn more at ibkr .com slash compare culture something that touches everyone how we fill our leisure time and how we enjoy ourselves particularly when you're talking about the famous people in big personalities and entertainment and tech there tends to be a need to sensationalize what i but enjoy is explaining to people how the things that they love get made come to be and how people make money off of it i'm lucas shaw and i cover the business of crop culture for bloomberg my job is to uncover how entertainment is changing and explain what that means for you because context changes everything on demand and in your podcast feed on the latest edition of the bloomberg daybreak us edition podcast a conversation with the CEO of Microsoft, Satya Nadella, on the future of open AI. We really want partner to partner with open ai and we want to partner with sam and so irrespective of where sam is he's working with microsoft and and that is the case on friday and that would be if that's the case today and we work i've absolutely believe that'll case be the tomorrow to your knowledge why was sam fired and was he involved in any wrongdoing has the board giving you a reason as far as i'm concerned we were as i said we were very confident in sam and leadership his team i've not been told about anything i you know they published internally at open ai that uh there is not that the board
Fresh "Eighty" from WTOP 24 Hour News
"Twenty five and fifty five powered by red river technology decisions aren't capitals think red come from one zip down and knock off the kings in l .a. two to two one goals from anthony matha and conor mcmichael for the capitals return right around and visit the end i'm ducks later on tonight wizards were in orlando and they get rolled by a the magic one thirty nine one twenty was unable to make it to in a row for the first time all season fall three fifteen visit the orlando magic on friday night in florida college hoops virginia top in texas a m fifty nine forty seven georgetown just edges merrimack sixty nine sixty seven george mason over n j i t eighty six seventy eight a u falls to harvard eighty seventy five navy top and be a nice sixty seven forty seven on the women's side maryland rolls over nyagra one fourteen forty four in college park backs the man arkansas upsetting number seven seven duke eighty seventy five is part of the a c c s e c challenge in capitals beat the the kings in los angeles two to one frank andrew had to be t o p sports how federal can agencies address cyber vulnerabilities while also transforming operations what smart approach is a tax surface management explains maximus is michael sieber senior director of cyber security in the series forward -thinking government sponsored by maximus becomes a digital transformation you're looking at a bunch of integration of different and hardware software type activity for security something's going to be interoperable out of the box others are going to take some configuration that's the danger misconfiguration making sure that things are integrated across the board tax surface management is where you're trying to make sure that you can see your entire network understand what the risk is based on the vulnerability that's there and prioritize that make sure that you're addressing the high -risk items first and then you're so that there is less attack room for an adversary gain access to your networks visit maximus com slash federal to learn more about how to transform your agency's operations securely when traffic takes a turn for the worse you'll hear about it first on wtop northbound 95 has been shut down in maryland traffic updates every 10 minutes on the 8th i heard it on wtop wtop news granchis does more more than christy and israel's peter mullen star in payback
A highlight from Cleveland Shocks Lamar, Dobbsanity Strikes Again, New York Bad QB History, and Belichicks Bleak Season With Cousin Sal
"Coming up, Sunday, football, the cuz, the pet suck, next. This episode of the Bill Simmons podcast is presented by Airbnb. Maybe you're traveling to see friends and family for the holidays. When you're away, your home could be an Airbnb, whether you could use a little extra money to cover some bills or for something a little more fun. Your home or spare room might be worth more than you think. Find out how much at Airbnb .com slash host. This episode is brought to you by CarMax. Patriots promised me they'd win the Super Bowl. That'd be pretty legendary. When CarMax offers an unrivaled 30 day money back guarantee up to 1500 miles. Well, that's legendary too. CarMax never wants you to settle on a car. They want you to love your next car. That's why every car from CarMax has upfront pricing and an unbeatable love it or return it. 30 day money back guarantee up to 1500 miles. Shop a nationwide inventory on your terms. That's car buying reimagined. Start shopping now. Find a car you'll love at CarMax .com. We're also brought to you by the Ringer Podcast Network. I have a new rewatch that's coming for you on Monday night. It is the second movie of, wait, how much did that movie make? Month. If you tell your friends about it, you have to raise your voice when you tell them what the theme is. This movie is from the eighties. That's your hint.
Fresh "Eighty" from WTOP 24 Hour News
"Is the industry leader in home flooring and commercial flooring since nineteen eighty five whether its entire office buildings professional offices home offices restaurants boutique shops common areas or areas for industrial use floor max has you covered with the right product for your business and count on stress -free installation minimal business interruption to maximize your uptime visit for max floors dot com that's today floor here with w t o p and dean lane for eighty years waypah has offered group term life insurance coverage to help support the health welfare and financial well -being of civilian federal employees current and former fed's enjoy up to one point five million dollars in coverage at rates designed exclusively for you and with full portability this coverage is yours to keep even if you change jobs or retire see why forty six thousand fans choose way to be there for life's biggest moments visit w a learn more for fed's by fed's good thursday morning november thirtieth glad you're with us here at wtop lp time now is one fifty two welcome in is w two p here at home where the changes are coming to fairfax county's fire and e m s leaders say they'll improve how the unit responds to emergencies throughout the community in january fairfax county will have more response units
A highlight from Taiwan's Next Embracing Bitcoin?! | EP 863
"It's all going to zero against Bitcoin. It's going on forever. You're against Bitcoin. You're against freedom. Yo, what's up? We are back. We're back for another episode of Simply Bitcoin. And today is an interesting story. I did have to do some deep dive for this one. So game theory is heating up in China, guys. The first reading of Taiwan's crypto bill passes. And depending on the source, Taiwan might be on the verge of making Bitcoin legal tender January 24th. It almost seems like this is happening. It's almost like it's inevitable. And Taiwan is embracing Bitcoin. And we all know the saga between China, that we know that we won China policy. We've been covering this all year. And we know how many times China banned Bitcoin. They banned mining. We've seen even Taiwan themselves try to ban Bitcoin. But of course, you can't ban Bitcoin. You can only ban yourself from Bitcoin. And even this week, on Mainland, Hong Kong has been mulling over whether they are going to embrace an ETF as well. So it really makes you wonder. And if you go back for a couple episodes, Niko and I went over this, the idea of maybe China is using different proxies to embrace Bitcoin after officially banning Bitcoin. The dip last we saw, I think that was 2021 now, it's all a blur at this point. Some days they're banning it. Some days they're embracing it. Well, it seems like China or Taiwan, forgive me, is about to make Bitcoin legal tender. And remember, one of the IRLs we did, we had a friend come on here and I'm blanking on exactly which one it was. But he said basically that what they mean when they say crypto is really Bitcoin and they do not talk about what they have under their mattress. So whenever you're hearing crypto come out from the Asian countries, from China in particular, remember that they know what we know. It is Bitcoin only. And there's Bitcoin and then there's other cryptos. Anyways, Bitcoin's global game theory chess match is playing out in real time, guys. And as a Bitcoiner, you just love to see it. The Mexican standoff is continuing to get spicier. It's continuing to heat up. And it's going to be very interesting to see which countries get left behind, which countries don't embrace hard money. And also in that same vein, which countries are fighting their citizenry. And as we always say, forcing them to have fun staying poor. Anyways, welcome to Simply Bitcoin. We are your number one source for the peaceful Bitcoin revolution. We cover breaking news, culture and nomadic warfare. We bring on Bitcoiners from all around the world, from the biggest names to the everyday Bitcoiner. We got them all and we will be your guide through the separation of money and state. And of course, I am not here alone, guys. I am here with Dell, the funky hodl sapien. How are you doing this morning, Dell? Good. I'm dandy. I'm chilling, relaxing, moisturized in my own lane, sitting in a 45 gallon tub of lotion right now. It feels pretty luxurious. Absolutely love it. OK, well, Dell, what are we going to cover on the culture today? We're going to cover that you can't really stop the Internet. You can't stop things from happening the way you want it to. I imagine most of the people that come to this channel are interested in Bitcoin surviving. That's my assumption. There might be some people that come pass by like, oh, what's this all about? But I get the impression that the regulars that I see in the chat, you're Roman, you're wine a kiss. Tyler Durden, what I'm not going to try and talk for wine a kiss. He's a he's a he's a strange cat. That one is people that I see in day in and day out. They're people that are they understand Bitcoin to some degree. They like it to some degree. And they're yeah, thumbs up to that Bitcoin thing. But the idea that it could die or shut down is not something that a lot of us think about all that much. We're like, oh, it can't happen. But here's a question for you, Opti. If you were given a challenge, let's say let's say somebody comes along, Michael Saylor, whatever anybody that you know has the money to say, I'm going to give you a million dollar bounty to shut down Bitcoin. Could you do that? You think you could? Not for a million. There's literally a half a trillion dollar bounty on Bitcoin. You got to you got to you got to put those numbers up. Well, like, do you think you could do it at all? Me personally? No. Yeah. Yeah, exactly. And so the idea that there is some individual out there or group of people that can shut it down is preposterous. But yet there's still and we're going to play this clip. People out there that are honestly, they're relatively smart people in many fields and there's a lot of really smart people that don't understand Bitcoin. It's like shut down. Shut down the Internet. What are you going to do? Go in. People, people are concerned about that, Del. That is definitely on people's minds. Well, I get that. But why? Like, tell me how that happens. Like, walk me through exactly how how it how that would work. Like, please. Like, if you can do it, if somebody can do it, I truly as much as I would like to see tomorrow, would like you would like to see somebody shut down Bitcoin. So we're going to be talking about that in the culture. Like, you can't do it. Like, I want you to if you can, if somebody in chat can do that, by all means, go and do it. Because we need to know that that's a vulnerability when we need to know how that could happen. And oh, wow, there's a guy that's in the simply Bitcoin chat that has the ability to go and flip a switch and shut off Bitcoin. That we should know about that. And I mean, that'd be so funny. Someone in the chat just shuts it off. Anyway, anyway, side tangents. I mean, we even see it and we hear this all the time. I hear this all the time when I talk to my normie friends out there. They're like, what if, you know, like in twenty seventeen, it was like, what if China bans Bitcoin? And like they did it and it didn't stop Bitcoin. I am convinced that every three letter agency around the world, that nation states have also tried to attack Bitcoin and they continue to try to attack Bitcoin. But they can't stop this. They cannot stop digital money for the digital world. And even if the even if we got like some weird by chance EMP or something that shut off all of electricity, we will never go back to a time without the Internet. I am fully convinced of that. The Internet is something that that is ubiquitous with the modern world. It put a pause on things. If people talk about that, like, oh, well, what about. OK, well, just imagine if things that are escalating over in the Middle East and then the whole Russia, Ukraine thing, like imagine things really take off. And they detonate a nuke in the atmosphere over every country in the world and all the Internet goes out. What about your Bitcoin then? Like, do you even hear what you're saying? Like, imagine that scenario and the thing that is going to be on people's minds is food, shelter, is my family safe? And then probably after the first 24 hours, where can I get a I'm just going to say it, a hand job where where the sex workers like where where can I go and trade these bullets that have been stocking up for, you know, a little me time with with Old Destiny over there? And I do mean old because she was in the business for a hot minute and she's looking a little more now, but she's got the experience. And that's what you're going to want to go to when times are tough. You're going to want to go to the person that knows how to get you to that happy place. So, yeah, you're going to check in on Destiny and give her some bullets for some fun times. But you're not going to be thinking about Bitcoin. You're not going to be thinking about all my cat pictures and all the trad wives on Twitter talking about how they're grass feeding their goats. No, you're not going to be paying attention to any of that. You're gonna be like, what do I need to survive? That's it. That is that is it. That's all you're going to be paying attention to. So this idea that, oh, what happens to your Bitcoin? It's like, go fuck yourself. What are you talking about? Listen to yourself. Is grandma alive in a nursing home? Because there's no oxygen on. What's your first concern if the nukes go off and there's no Internet Opti? Is it is my note still on? No, it's thinking about people in my local community and can I survive? Exactly. Exactly. All right. Well, this is going to be a spicy one. I can already tell this is going to be a spicy one. Let's get into the show, guys. This time seeds do it yourself kit has everything you need to hammer your seed words into commercial grade titanium plates instead of just writing them on paper. Don't store your generational wealth on paper. Paper is prone to water damage, fire damage. You want to put your generational wealth on one of the strongest metals on planet Earth, titanium. Your words are actually stamped into this metal plate with this hammer and these letter stamps. And once your words are in, they aren't going anywhere. No risk of the plate breaking apart and pieces falling everywhere. Titanium stamp seeds will survive nearly triple the heat produced by a house fire. They're also crush proof, waterproof, non corrosive and time proof. All things that paper is not allowing you to huddle your Bitcoin with peace of mind for the long haul. Stamp your seed on stamp seed. Yeah, the chat. You guys are wild. Love you guys. Anyway, we made this easy for you. Scan the QR code. Make sure your seed phrases backed up on something stronger than just a piece of paper in your sock drawer. Make sure it's backed up on titanium, guys. This is the way scan the QR code. Get yourself a stamp seed kit. And we have been in the talks of getting a simply Bitcoin branded one. But maybe maybe you don't want that OPSEC unfriendly version. But anyways, scan the QR code. Go check it out. Get yourself one. Stamp your seed in titanium. All right, guys. Anyways, we're over here on the numbers. We're at Clark Moody's dashboard. Of course, my favorite number is the block height. We are currently at eight hundred and fifteen thousand eight hundred and eighty six. Take talk next block. Honey, bad you don't care. Blocks keep coming in. We are what? Twenty four thousand one hundred and fourteen blocks away from the halving roughly around April 20th of twenty twenty four. So it's happening in time, guys. We know exactly what's happening with the monetary policy that is Bitcoin. You love to see it. Bitcoin is my stable coin. Bitcoin is stability. Anyways, the current price on Bitcoin is thirty five thousand three hundred and forty dollars per Bitcoin. The Moscow time, a .k .a. how much your fiat dollars worth, a .k .a. how much Bitcoin you can buy for a single U .S. dollar is two thousand eight hundred and thirty cents per dollar. The percentage of total Bitcoin that will ever be issued is ninety three point zero three percent. The market cap and fiat terms of Bitcoin is six hundred and ninety billion dollars or six hundred ninety point three billion dollars. The realized monetary inflation of Bitcoin taking fiat currencies to school is one point seventy four percent. It's going to get cut in half. Well, I think it's going to slowly. Is it going to get cut in half? I think it's going to cut in half. I think that's what the halving does to it. Anyways, Bitcoin versus gold market cap is currently at five point two seven percent. We are only at five point two seven percent of the gold market cap. The hard money gang. We're coming for gold. Gold market cap is ten trillion dollars. Only five percent of that, guys. And you guys are bearish out there. Couldn't be me. Can't relate. Anyways, the total public lightning capacity is five thousand three hundred and five point zero seven BTC. The hash rate has been going absolutely parabolic. Of course, this is just a rough guesstimate of what is going on on the Bitcoin network. But something is happening and people are uploading and turning on a lot of A6. The last 90 days, we are at four hundred and twenty point one exahashes. The pending fees. Oh, my goodness. It's spiking right now. Eleven point four four BTC, at least according to the mempool that Clark Moody is connected to. We've been telling you for a while. You wanted to make sure that you are consolidating your UTXOs because things are going to get crazy. This will probably cool down a little bit. I think I did hear that there's some like ordinal BRC 20 stuff going on right now. Yeah. So that's probably why we're seeing this spike right now in the fee market. So once it gets a little cooler, oops, oops, sorry. It gets a little cooler. Not wrong, though. Yeah, not wrong. Once you once you get a little cooler in the fee market, I suggest you guys take the opportunity to consolidate your UTXOs. Make sure that you have good UTXO hygiene. Anyways. All right, guys, I'm going to connect last night's TTO that I did with CJ. I hope you guys watch that. I do have it up here for you guys to show you that you need to go watch this. And I took a little piece out of there. But here we are. We got Neil Kashkar. And remember who he is. He's the crazy guy that was coming out when we were going through the the, you know, the flu pandemic. And he was telling us that they can print unlimited money. And they clarified that question. And we got the memes of him with crazy eyes, like, wait, so you're telling me you can print unlimited money? And he said, yes, that's exactly what I'm telling you. Well, here he is again. And if you listen to last night's TTO. And you will listen to this this morning. You really start to realize just how detached these quote unquote elites are, how detached the Fed is from reality. You really would ask yourself what is going on. And again, I reference the white paper constantly on here because it's literally in the first paragraph of the white paper. Satoshi was so prescient when it came to this because he saw the fundamental problem of the fiat system. It is its trust based system, inherent trust that you need to just trust that these people know what they're doing. And we're seeing in real time that people still seem to trust them. And if you look at the data. There is no reason to trust them. Anyways, Neel Kashkari in this little video here goes, I'm not seeing a lot of evidence that the economy is weakening. And he discusses market expectations for an interest rate cut by the central bank next year. So let's just listen to him and remember the idea that the only reason the system is continuing to hobble along as it is, is because people out there still believe these people in the suits that they know what is going on. Trust the experts. They know exactly what's going on. Trust the guy in the suit on the television telling you that they have the economy under control, that interest rates are under control, that the Fed knows where we're going. And if you really look at the data, it may be completely different and telling you a different story. Anyways, let's listen to this, guys. You said that people want certainty and that you can't give it to them. And I understand that. But people don't just want certainty. They also want some sort of guiding philosophy. Do you think that Fed Chair Powell has outlined some sort of guiding philosophy on where the bar is to cut rates, on where the bar is to raise them further? Well, I think he's articulated very clearly that we're committed to getting back to 2 % inflation, right? There's been some chatter amongst economists that maybe we should raise the inflation target. I think he's done a great job saying that is not on the table. We're not going to do that. We're going to get inflation back to 2%. And we're going to let the data guide us. We've moved very aggressively. We've made a lot of progress on inflation. We're not done yet, meaning inflation is not back to our target. And if we need to do more, we will. There seems to be a feeling in markets that the bar to cut rates has been lowered over the past week or two weeks. That suddenly, not only are we reaching a pause, and have we seen a peak in the Fed funds rate, but that also the Fed will cut next year, maybe surgically. Neil Dutta is talking about that. He's coming up next. Do you want to push back against that? Do you think that the bar to cut is still just as high as it was? I have no idea where market participants are getting that. There's no discussion amongst me and any of my colleagues about when we're going to start preparing to cut rates. The only thing that's been talked about at all is that at some point, when inflation is well on its way back down, if we didn't back off a little bit, the real rates would be getting tighter and tighter and tighter. And that's real, but that's math. But is there enough weakness currently in the market, in the economy, I should say, to give you that sense at this point? Look at the last GDP print. I mean, does anybody look at that and think, oh my gosh, the economy? For the last 12 months, GDP has been very strong. The labor market continues to be quite robust. Yes, the unemployment rate has ticked up to 3 .9%, but we've also seen a huge surge of labor supply, which is really positive, come online. So I'm looking at this. I'm seeing consumers that are strong. By the way, my airplane that I came here on was 100 % full yesterday. It's going to be 100 % full today. I'm not seeing a lot of evidence that the economy is weakening.
Fresh update on "eighty" discussed on WTOP 24 Hour News
"Said a very beautiful year after you to seventeen shows at the las vegas sphere the band has set a record billboard box score says the residency ranked in more than a hundred nine million and sold two hundred eighty one thousand tickets markets are closed for the day the dow ending in positive territory of thirteen points this is cbs news you don't need a job platform unique hiring partner indeed let's use schedule and conduct virtual interviews all from one place on wtop on this november twenty ninth twenty twenty three already starting to good
A highlight from Bitcoin ETF Frenzy | Bloomberg Intelligence INTERVIEW
"All right today we're going to dive into some ETF news but also some analysis from the experts really looking at the potential of what ETFs might mean for crypto in general but also of course Bitcoin. We'll dive in deep. My name is Paul Berra. Welcome back in to Tech Path. Joining me today is James Safert who is an ETF analyst over at Bloomberg Intelligence. Great to have you back James. Thanks for having me on Paul. Happy to be here. Excellent. Excellent. Last time we had you on early stages of a lot of the ETF activity. I won't let you off the hook about the ETH ETF though because we're going to ask you about that. The potential. But I want to go into first of all a little bit about what's been happening over the last 60 days. And most of this has been around the potential for BlackRock. And let's just kind of get that question out of the way. Obviously BlackRock I would say the number one at least institutional asset manager out there that's being looked at as possibly could be the leader. In your opinion you look at all the filings that have been made. What is going to happen when we do get these approved? If they all come at once do you feel like BlackRock just automatically wins the race here because they're BlackRock or do you think there would be some others that could really win some marketing points? Yeah. So the way that we look at the space is it's a winner take most world. It's not like there's going to be a winner take all type situation. You can't overlook the fact that Grayscale already has 20 billion in assets right now based on the current valuation. So they're also going to be a big player. So there's going to be anywhere we look in the ETF space there's usually one big leader who gets most of the assets, possibly most of the flows and the trading volume. But usually there's other aspects of what these issuers will find ways to differentiate themselves. So in gold ETFs some ETFs are going to be way cheaper than the most liquid ones. So that's grown. Some are going to store through their gold and Swiss vaults instead of the London vaults. So I suspect we'll see something similar on the Bitcoin side of things. You're going to have issuers that are going to focus on the fact that they've been dealing with advisors themselves and talking to them about what this space looks like and what it's going to look like and offer to be like we know this space very well. We're not just an asset manager. We're putting blockchain and crypto first. So people focus on that and then the people that will say like we're going to lend out the underlying Bitcoin and give you dividends or offer very, very near zero fees. Some will talk about like different custodians are going to possibly market on the custodians they're using. As we know, we've seen that has been an issue. So there's like a whole bunch of different ways, but it is likely to be winner take most in this world. And BlackRock obviously is likely to be the leader. But the idea that we have GBDC and Grayscale already existing with 20 billion assets is that's a huge thing to hurdle even if you're BlackRock. So based on you guys's analysis, if you look at the ETF services that could be offered because there's probably going to get some fairly creative services within these companies, what would you think would be one of the most critical things that a BlackRock or 21 shares or even a Fidelity could bring to the market to say, this is what we're going to do. We're going to come out and kind of hit with a splash and try to draw in these investors. I mean, the easiest, most simplest one is going to be fee, right? No matter what you do, no matter what your offerings are, if you're charging double the price of everyone else, you're going to have a hard time competing. Right. But also, you hinted at it. We think there's going to be a lot of marketing around here. BlackRock is likely going to market the hell out of this. You're going to see ARK in 21 shares. We've already seen VanEck start to market this type of stuff already. So we're going to see a lot of these players try to market and get to advisors. Directly to retail, they're going to be talking about why their products are better versus the others. But like I said, it tends to be a winner -take -most type world in the ETF space, particularly when you have just a single asset here, right? It's just giving exposure to this one thing. So people are going to differentiate on what they do as a firm and the products individually and who knows where it's going to go. But like I said, one of the things I did mention is in gold, there are some ETFs where if you have enough money, for the most part, you can't redeem the actual gold. But there are some ETFs that like, if you have $10 ,000, they'll deliver it right to your doorstep, things like that. So there might be a similar situation in crypto down the line and won't, not initially, but that might be a case down the line where like, if you have a certain amount, they'll send it to a private wallet. Right. Right. Okay. You mentioned something here about retail and because I look at this and this was in reference to an article, you know, Crypto Reshaping the American Dream for Younger Generations. This is a report by Coinbase. And within the Coinbase art or the Coinbase report, there were a few things that they pointed out to. One of course, was this millennial age group, 26 to 40. And a lot of this was around just crypto and blockchain as kind of the future of finance. Millennials really see this as a big opportunity. When you look at retail and you look at the current runway for a lot of these institutions today, do you feel that the target audience, because it seems like the millennial audience could be the new holy grail of the investment class, especially in reference to retail. Do you think owning that would possibly put someone out in front or do you think it's going to be kind of old school capital that could be leading the way at first? What are your thoughts on that? So specifically for the ETF, it's probably going to be more the advisor type of space that it's going to be looking at this. I mean, if you're a retail person, anyone, if you really wanted exposure to this, you could have downloaded Coinbase or Gemini or any app, FTX, you could buy at the click of a button. So one of the parallels we like to look at is like when gold ETFs came out, they democratized investing in gold. Yeah, you could always go down to like the corner street and buy like some gold coins, but that's very different from having it in a like professionalized portfolio. So that's more what the ETF is going to do. We don't think the one thing it will do for retail potentially is if you're a trader and you're like to trade these things in and out, the ETF is going to be way cheaper than a lot of these platforms. It's going to trade penny wide, there's going to be no commissions, which is not the case for most of these platforms. So the real people that are going to use these products if and when they get approved are really going to be institutions and advisors who maybe they have clients who have money in their own personal accounts on the some of those apps I mentioned, and it would just be way better if like we could control it. If an advisor, they know exactly how it is, they can basically sell when it gets too large of a portion of the portfolio and buy more when it dips below because we know we all know how volatile the market is. So just getting that professional management. Also from the advisors perspective, if I'm an advisor and you're my client and you're buying this on Coinbase or FTX, I don't know what you're doing. And also I'm not making money. That's not under my purview. Like typically the most advisors nowadays they charge an AUM fee. So whatever those total assets are, they're going to charge a slight fee on those total assets. And this brings us under that umbrella. So what ETF is going to do is going to put DeFi on the TradFi rails in a way that hasn't been done yet, which again kind of goes against the ethos of many of these things. But it's not going to detract from the underlying ethos of Bitcoin and what people want it to be. It's just going to be additive to people who want it in a different basically wrapper. Yeah. I was looking at your partner, Eric Balshunis in there, this is one of the many reasons so bullish on ETFs and think they'll dominate for decades to come is their usage is inversely correlated to age. Eighty -nine percent of millennials say the vehicle of choice versus boomers, which is though it is increasing in the survey data that came in from Schwab. But I guess the future is really going to lean toward these other alternative investors who are going out to advisors and saying, hey, I've got some assets here I want under management and here we go. And with that being the case, you've already got a mindset that's starting to restructure how capital might be deployed in the future. Is that something where do you think the switch would happen? Is there a time frame that you say, OK, maybe over the next three years, this we could truly see a shift in the demographic data that could push these ETFs into kind of a stratosphere? Yeah, so like if we're just looking at ETFs in general, one of the things I track, I obviously don't just cover crypto. I look at the whole space. And one of the big trends recovering is mutual fund to ETF transition, which goes to a lot of those things that Eric was pointing out, specifically on the ETF side. It's not going to be like these things launch and all of a sudden they're going to get like billions of dollars in in one week. Like I said, it's going to be institutions. So a lot of institutions, endowments, pensions, they have restrictions on what they can and cannot hold. So they have to hold securities or bonds, what have you. They can't hold this thing directly. Putting in an ETF wrapper allows them to hold it. So if there is there and we know for a fact that our institutions out there that want to have a one percent allocation to this thing, this might be a way for them to do it. The other part of it is basically it's the advisors, right? They're not going to if they want to put maybe some portion of their clients they think would fit to have a one, three, five percent allocation to a product like this. They're not going to do it the day it launches, right? They're going to do their due diligence. They're going to look at things or they're going to slowly put it in over time. So it'll be like an allocation that goes on over the next one, one to three years, kind of like you mentioned. So it's more about the long term impact of these things being launched necessarily than necessarily like, oh, this week it's launching and all of a sudden it's going to send things to the moon, if you will. That's unlikely to happen, in my view, personally. So obviously we'll get an initial splash once these do hit the market. That's going to be kind of the case. Is there any framework of what you guys think at Bloomberg would be the kind of inflows that would be relevant to what the size of this asset class is? I guess it would be similar maybe to what gold or is it even similar to gold that first hit the ETF market? Yeah. So when we look at gold ETFs, which is like something that people kind of overstate, gold ETFs in the U .S. have a hundred billion in AUM. This is, I mean, Bitcoin ETFs aren't going to get there anytime soon, in my opinion. And like I said, Grayscale, I mentioned like twice or three times already, GBC already has 20 billion in assets. So the idea that all of a sudden there's going to be hundreds of billions in these products in any sort of shorter timeframe than years or decade out is kind of unlikely. But yeah, I think of the upper limit or in like a three year time frame would be that a hundred billion number maybe, but there's no way to actually know what type of money's going to come in. The problem is like, we don't know what advisors are going to do, right? Are they going to do that 1 % allocation, 3 % allocation, 5 % allocation and what percent of advisors are going to use these products? And then also what percent of their clients are they going to want to hold these? Not every, this isn't going to fit for every single client in the world, right? It's going to fit for a subset of clients that they feel like meet their risk profile. So deciding that. So it's hard to really know Galaxy actually did a really good piece on this. I'm trying to guess the numbers. They guess I think 14 billion in the first year, but there's also a lot of things going on. We don't know how much money is going to come out of Grayscale because a lot of money that's in there was specifically playing what was going on with the premiums and discounts. And not necessarily like, Oh, I want this exposure. It was more like, this is a trade I'm making to bet on the discount closing or to bet on the premium or something like that over the last five years. So there might be some flows that are come out of there that might not go into some of these other ETFs. Now, how much of that is going to happen? I don't know. So here's a question to you is with Bloomberg, the way you guys analyze ETFs, but also the advisors within the industry, is there any data out there showing the demographic of the actual advisors? Because I would think that if they are falling into the millennial audience, they may kind of be leaning a little bit stronger into these kinds of assets. Yeah, there are a lot of advisors that are leaning into that. So like this, this kind of gets a little bit out of my wheelhouse. We don't have a lot of the advisor data because most of that is like survey data. There are a lot of really good sources that get into that and we'll use those other sources and let me try to figure out what's going on. But for the most part, a lot of the advisors are much older crowd that aren't really interested in this. That said, if you have a client and you're older and the client says they want exposure to this, this is the way that they're going to do it, right? They're not going to open a Coinbase account for them. They're going to go through and just buy this ETF if it's allowed, even allowed. There's a process that could take one few months or two, three years where these platforms have to get the okay from their risk metric teams and compliance teams to actually be even allow advisors or anyone to brokers to even buy these things for their clients. So who knows how long that could take. You mentioned Grayscale obviously kind of being a potential leader, I guess, going out of the gate. What is the next step for them? Obviously, they've had a much further advancement, but why not, why are we not seeing this just going out as a listed ETF right now? Yeah, that's a good question. I don't actually know. The real answer is like they won their court case, right? And there's likely a conversation that's happening between the SEC and Grayscale. Grayscale saying, probably pushing the argument that, look, the deadlines and the statutes say if there is no issued order here, then all of a sudden we're approved. And your order was vacated and that timeframe means we are de facto approved, which that's a legal framework that's unlikely to actually ever happen in the real world, but that's probably what they're saying to the SEC. I'm assuming the SEC was saying, no, you're going to restart and refile this whole process, which is a 240 -day process to go through this and then we'll talk. And then I'm sure there's some like haggling going back and forth. We'll make a deal. We'll refile if we get X number of days, like you guarantee we're going to give us an answer or maybe even just the SEC is telling them we're going to give you an answer on what's going to happen in the next 30 days. We don't know. It's completely quiet. I thought we would have had an answer to like what the next steps are and what's happening last week, the last week or the week before. So I was like thinking by last Friday, we'd have an idea of what's going to go on. And I think I actually tweeted this out. I was like, we have nothing. They're completely quiet. So we're entering a zone right now starting tomorrow where theoretically they could start approving some of these things. Obviously, I'm not saying that that's what's going to happen, but like up and tomorrow is the first date that it could theoretically happen in the last of the next few months. All right. So with that being the case right now, I know you and Eric have kind of looking have been doing these percentage of probability ranges by end of year. Where are you guys at now on this? We're still at 75 percent by the end of the year, but we think basically one thing that goes into all this is we think the SEC is going to try to allow most, if not all of them to launch on the same day. They're not going to play kingmaker. They played kingmaker with Bitto, which is the pro shares Bitcoin futures ETF, got a billion and a half or over a billion in two days dominate. They have 96 percent of the assets, 96 percent of the volume. They utterly dominate. I don't think they don't want to do that again. So I think the SEC is going to try to find these like angles and areas where they can allow a whole bunch to launch at the same time. And like I said, one of those one of those like time periods starts tomorrow and goes through like roughly the 17th, maybe the 21st, depending on with all these other filings. But if you include GBTC, there's 12 active applications right now in front of the SEC. So the SEC might have to figure out a way to do this. So like I said, November could happen. There's also a period in December. Our view is that the final deadline for ARK and 21 shares is January 10th. And I just don't think if they deny then by that January 10th deadline, if they wait all the way up until that deadline, which they don't have to, they can go very early if they want to. We saw that in September. They went months early in some of these cases. They will approve by January 10th is our view. We're at 90 percent on that now. That said, if they deny at that time period, it's unlikely that they're going to deny ARK in January and then approve everything else in March, which is when BlackRock and all these other issuers are due. So we'll cross that bridge when we get to it. But we think we're at 75 percent this year. I think they could try to get it done just like before the Christmas and New Year holidays. So it's kind of a tight squeeze to fit it in like right after New Year's and before that January 10th deadline, unless they have everything ready to go. And again, the next like opening where we could see like a wave of approvals is later this week, potentially into next week.
Fresh update on "eighty" discussed on Sound ON
"And those changes impact our lives in ways that are both visible and not so obvious i'm lucas shaw and cover i the business of pop culture for bloomberg my job is to uncover how entertainment is changing and explain what that means for you because context changes how you see things how you change things context changes start exploring my coverage and more at bloomberg dot com deal a big idea that's inspired countless new ones from the horse on carriage to a rover on mars thirty years ago state street launched the spider s and eighty s a big idea that inspired the world to invest differently and still does what can can you do it before investing consider the funds investment objectives risks charges and expenses visit ssga
Rich, Successful, and Childless With Alex Berenson
"Alex, you have a great piece out and I want to plug your sub stack unreported truth. Everyone should go to his sub stack and support it about birth rates, having kids. What did you learn in the series of this doing this research? So, I mean, this is something as I write in the sub stack that I'm going to come back to because, you know, it's a it's a it's a vital issue. And I mean, you can argue it's the most important issue, right. You know, Elon Musk may want to take us to Mars. But right now, if you look at birth rate trends and it's not just in the U .S. or Europe, it's sort of in every rich country. They're they're low and dropping low, meaning below the replacement rate. So every woman has to has to, on average, have slightly more than two kids or or the population will start to fall. And actually, I remember in January talking to Elon about this and he said, you know, the demographers make the math really complicated, but it's actually quite simple. Look at the number of children who are born and multiply that times eighty five. And, you know, that will give you, if nothing changes, the number of people a country will have in in eighty five years. Right. At the at the end of the average life of a child born today. So a country like Taiwan, Taiwan has about twenty three million people in it. And this year it's going to have about one hundred and thirty thousand children born. So one hundred thirty thousand times eighty five is about 10 million. So what that tells you is if nothing else changes, and the children of Taiwan who are being born today actually have the replacement number of kids in eighty five years from now, Taiwan's population will be less than half of what it is today. And I mean, that's that's really unbelievable. Right. And actually, you know, in South Korea, it's worse in Japan. It's nearly as bad in southern Europe. It's terrible. Northern Europe is a little bit better in terms of the rates, but they're going down there. The U .S. is a little bit better, but we're below replacement. But this is it's not just again, it's not just sort of, quote unquote, white, wealthy countries. It's South America is like these countries that you wouldn't even expect. Like Saudi Arabia, for example, is barely above replacement level. All over the world, people are choosing not to have children. And, you know, you think about think about Japan and Sweden and Australia and Canada and Germany. These are countries that don't necessarily have that much in common, aside from the fact that they're, you know, they're they're they're wealthy. Their cultures are very different. Their attitudes towards women in the workforce are very different. They're, you know, they're their religions are different. Their languages are different. Their ethnicities are different. I mean, one of the things they all have in common, actually, is that they're they're having this stunning trend towards very few kids. So it's it's something that actually crosses cultures. And if you think about, you know, what is the like what is the ultimate biological goal of any organism? It should be to produce, you know, reproduce to get your genes to the next generation. Somehow, something is happening worldwide that is bigger than culture and bigger than what should be our most basic drive to reproduce.
Fresh update on "eighty" discussed on The Café Bitcoin Podcast
"And we can, we can show the difference with class and honor. Yes, I agree. I spy a Tomer. I don't know, there's a time and a place for everything. There's a time and a place for, for wicked smashing somebody in the face about something and there's a time and a place to just be nice. You know, I think nice works a lot, especially with older folks. There's a huge difference in how you have to approach these things depending on the age of the person. Like I've been working on my parents for years. I'm sure a lot of people here have as well just classic, you know, boomer brains that just cannot really grasp the idea of money at all because it's just never really been a problem for them versus when you talk to someone where I'm living right now in Latin America. Like everyone immediately knows, Oh, like we need better money. Like tell me more, please. Like they get it because they've actually had to live through that. I would, I would take it back to when the older folks, cause there are still people who live through inflation in the seventies and some of the difficulties that we had in the eighties and well, no, the nineties too. So there's always a period in time in which inflation affected people in the first world. Just take them back to those moments and remind them of the struggles that they went through. Uh, because it wasn't an isolated incident or to anyone, it inflation in the seventies affected everyone. So I would take them back. They gotta be pretty old to remember that though, because like my parents are almost 70 and if I remember correctly.
A highlight from Consent Farms are Tricking Consumers into Unknowingly Agreeing to Receive Far More Robocalls Than They Bargained For, iconectiv Podcast
"This is Doug Green, and I'm the publisher of TR Publications, and I'm very pleased to have with us again, Chris Drake, who's the Senior Vice President of iConnective. Chris, thank you for joining us today. Thank you, Doug, for having us on your podcast. Well, I'm so happy you were able to join us again. The last podcast on robocalls was very interesting, very enlightening. Today we're going to be talking about a highly related topic. It'll be maybe new to a lot of people. We're going to be talking about consent farms and the way they trick people into accepting robocalls. So we're going to dive into that in just a second. But Chris, just tell me quickly about iConnective. iConnective is a technology company. We supply data as a service to parties that wish to make decisions with data in the right moment about whether to present a call to their subscriber, whether to allow their subscriber to make a call to a certain number that might actually be high risk, might be fraudulent, whether they are a brand, a business that wants to text message their consumer base. And do they have the consent that they're supposed to have? And this will relate back to the consent farm issue and essentially a lot of information we provide as a service to allow the communication community to deliver traffic to each other, whether voice or text, and even allow extending that to brands, commercial callers who wish to reach their audience who may be customers or prospects. So you know what, during the last month, during the month of September, something like 4 .68 billion robocalls were reported by consumers, something like 17 spam calls per person or per person in the United States. And unfortunately, these calls seem to be ramping up on account of something known as consent farms. And you know what, honestly, I hadn't heard about that until very recently. What is a consent farm? Yeah, some people call them lead generation companies. That might be a more qualified term that you immediately recognize. These are companies that purport to have procured consent from consumers on a given subject or for a given company that allows that company to engage said consumers. And we'll talk a little bit about how big and sort of cottage industry this is. The key thing about consent farms is they are operating primarily on a fallacy. The require regulations a company who gets consent to engage their customer with text or voice is supposed to be getting that consent explicitly and directly. You do not get to outsource your consent to a consent farm or a lead generation company. That is illegal. And yet, you know, you have these consent farms that continue to operate. And I think you'll have some interesting questions that help us kind of delve into that. Why is that the case? But, you know, that's the background on consent. You know, it almost sounds like the that we've joked about this term before, barely legal. It sounds like someone's trying to shoehorn their way into legality. Yeah, they are trying to navigate the gray zone. The fact of the matter is, with certain consent decrees that the federal and state law enforcement have acquired on several companies that are consent farms, those judgments and agreements, consent decree means the company under investigation agreed to stop and to certain conditions and potentially penalties. There's enough of those decisions and mutual agreements to stop behaving this way as a very clear signal there's going to be less of this happening. But it's a journey. And I think when we talk a little bit about the difference between spam and scam, you'll see that the scam side won't disappear quite as quickly. Well, let's get into that. So I guess the first question is, can citizens protect themselves against a consent farm? Well, I would say, as I said last time, I want to quickly hit on this. Freeze your credit in case you do get wrapped into a consent farm and then some nefarious party tries to steal your identity. Back up your phone and your PC in case you download malware and get held for ransom. These are two quick things, but also relative to the consent farm itself. Don't engage. Don't click on any links. Don't agree to anything. Don't ever say the word yes on the phone, because you might be getting recorded and that will be played back by a deep fake artificial intelligence bot down the line to perpetrate a fraud to hijack your account. So don't engage unexpected, unknown senders, callers, just pop up ads to just don't engage them if you don't know them, if you didn't solicit that, if you didn't expect that. That's the number one thing to say about protecting yourself from consent firms or any other unexpected communication. And Chris, I'm guessing that part of the problem here is that these guys sound probably like the legitimate cases we're all used to. I can hardly think of a case where if you talk to a health provider or someone fixing your home and there's a scheduler, you always hear it's routine. This call is being recorded. Yeah, yeah. Well, I think the big issue here is that they are luring people to their place, their website or their conversation with enticement. OK, they're saying you have been selected in a sweepstakes. Well, isn't that lucky? But sorry to tell your audience there is no sweepstakes. They're about to get scammed or you look like the ideal candidate for this job opportunity, fake job offers, top five scam, according to the FTC, or could be just some kind of big sale on. And they have some reason to think that's broadly applicable to their audience. And some people, it's really they're looking for a yield, right? Some percentage of people that do engage and if they just keep going, they can accumulate millions and millions of these leads, consented leads. We'll talk about how big that can get in one of these consent decrees. So what is Operation Stop Spam calls? Yeah, yeah, that is a relatively new initiative led by the Federal Trade Commission, but involving all state attorney generals and federal law enforcement and Social Security and IRS, you know, companies and government agencies that are very often impersonated in order to try to steal identity theft, steal tax refunds, whatever the case may be. They're part of this too. So there's over 100 entities, the FCC as well, collaborating on identifying consent farms, investigating and developing judgments against them, often consent decrees, which is like pleading, pleading sort of I'm not admitting I'm guilty, but I will agree to these conditions you want. So they're pleading out. And we'll talk, I think, a little bit about the main components of these mutual agreed pleads in terms of what they mean and how they look. But that is the trick is they're luring you in, they take one consent that they might even have barely got, like barely legally got consent for something, which isn't probably even real. And then they they use that for 50 to 100 things and say, like, your name is now on a list. You like everything about fashion and retail and frankly, banking. They will pretend for the most part that you've consented to everything, you know, on the planet. So really, all they've done is proven you're a live person on the end of a phone number, which is generally not known to to the caller. This could be an unallocated phone number of an abandoned phone number to know that there's somebody on the other end that's going in that could answer. That's worth something to these robo callers to hide behind the veneer of consent, because a lot of people are on the do not call list. I'm on the do not call list. You cannot text me or call me unsolicited if I didn't consent now that I'm on the do not call list. So this is sort of a veneer of legitimacy that they hope to avoid being found in violation of do not call, which is the telecom sales rule officially by the Federal Trade Commission. And the fines are astronomical for violation of do not call. So they have that claim that they didn't violate and they will they try to stand or hide behind that consent, which isn't even real. So it's it's a house of cards, but it's starting to crumble. And I'm thinking, you know, there's always and it's always hard to keep this in your head. The difference between, you know, the enforcement effort and the judicial process that I'm sort of guessing because it's so hard. It's harder than folks think to walk into a courtroom and actually prove something and to do it on a timely basis that it even matters. Well, what I understand is there a hundred back when this was reported that Operation Stop Scam Calls was underway. They talked about having one hundred and eighty actions in progress. Right. So there are a lot of consent firms. My God, that's a big number, isn't it? And they're all either under investigation or going through the judicial process because the investigation uncovered sufficient evidence to proceed. But that's a lot of people like companies generating false legitimacy that we American citizens get bombarded with nuisance and even worse, fraudulent scam calls. Well, let's look at it from another point of view. We have so many readers and listeners who represent legitimate enterprises, health care providers, repair technology, aviation. You bet you name it right. You have legitimate reasons to be calling and talking to customers. So, you know, what's legitimate business going to do to stay connected and reestablish actually trust with their own consumers? Right. I'd say the first thing is is be careful to be in compliance with the telecom sales rules. So you're only calling people that have consented and that you personally, so to speak, collected this consent. It might have been in a form they filled out. It might have been on your website, but you directly collected this consent and you stick to communication that relates to that consent. So if you're like Michael Kors, you have a ton of fashion lines of shoes, purses, outfits, accessories. You should never assume that you got consent for maybe shoes and you can now bombard people with things about everything you do. That's not what consent is meant to mean. And the Federal Trade Commission and their partners in these operation stop scam calls have all agreed. That's not what it means. And if that's what you're doing, you're going to be in under an enforcement action. So my advice is like stay compliant. Know that the telecom sales rule not only says you can't call, do not call without consent. It's when you have consent, there are limits to what time of day you can call people. There are limits to how many times a day or a week you can call people. So know the rules, stay within the rules and you will not be kind of what I'll call spamming. So you're not scamming anyone, but you might be spamming people with things that they don't want to hear an awful lot more often than they did want to hear. So just try to stay in terms of the frequency, try to stay in terms of the consent management domain and you will be a good actor and your customers will take your calls.
A highlight from 1447: Max Keiser: Bitcoin will reach $10,000,000 per coin
"In today's show, I'll be breaking down the latest Bitcoin technical analysis and this just in, there are now nearly 40 million Bitcoin addresses in profit, which is a new record. So congratulations and shout out to my long term hodlers. Also in today's show, as I shared, the Bitcoin white paper turns 15 years old today as Satoshi Nakamoto's legacy lives on. Let's go. Also in today's show, crypto asset manager Valkyrie amends their spot Bitcoin ETF filing. I'll be breaking down this latest update, as well as a Bitcoin rally to $50 ,000 per coin is now on the cards as the Bitcoin bull market arrives. According to top crypto analysts, I'll be sharing his timeline. Also in today's show, Max Keiser joins the Alex Jones show to predict the latest Bitcoin trends and price predictions and warns of suicide bankers that will destroy the world. Not only that, but Max Keiser gives Alex Jones a simple, very simple five question Bitcoin quiz for 10 ,000 Bitcoin worth $350 million in today's terms. I'll be breaking all this down for you. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at Cryptonewsalerts .net. Again, that's crypto news alerts dot net. Welcome, everyone, to podcast episode number fourteen hundred and forty seven of the Cryptonewsalerts pod. Today is Bitcoin's birthday, October 31st, 2023. Bitcoin is 15 years old and I'm your fearless host, JV. We have lots to cover, as we always do. So let's kick it off with our market watch. As we can see, you should be able to see Bitcoin barely in the green, holding on to thirty four thousand four hundred support. We also have ether barely in the green, a little bit of boring trading sideways action. But if we check out, you know what they say, when in doubt, zoom out. Right. Let's check out the seven day coin 360. Bitcoin's now up four percent. You got XRP up nine percent. Let's zoom out a little more and check out the one month price gains. Let's freaking go. This is a testament that October in full effect, Bitcoin is up almost twenty eight percent this month. Let's freaking go. That's pretty massive. And let's not forget, we're moving into moonvember tomorrow. So do you think we're going to surpass forty thousand? I think so. In fact, if I was a betting man, I'd bet on it. Now, if we zoom out, can we even zoom out a little more? Let's see here. Well, let's switch it up. Let's go to coin market cap dot com. We can see the crypto market cap currently sits at one point two eight trillion with Bitcoin dominance at fifty two point eight percent and the ether dominance at seventeen point one percent and checking out the top one hundred crypto gainers within the top or in the past twenty four hours. We got Celestia, which I've never even heard of before. Up sixteen percent. We got XDC up six percent trading at five cents, followed by TonCoin up five percent trading at five dollars and thirty three cents and checking out crypto bubbles. We can see the top gainers for the past week. We have a mixture. Some are in the red, some are in the green. And let's zoom out. Let's check out the weekly massive gains in the green. Let's check out the monthly. Wow. Incredible. Some of these alt coins are up 50, 60, 70 percent, which is pure insanity. E -Hacks is up one hundred and forty five percent. What about the annual? Holy moly. And let's check out the market cap plus the week and we can see Bitcoin and a big bubble at three point three percent, followed by ether at two point nine percent and checking out the crypto greed and fear index. We're currently rated at sixty six, which is greed. Yesterday, a sixty eight. Last week is sixty six and last month a forty eight, which is neutral. So there you have it, fam. Yeah. So let's kick it off with our Bitcoin technical analysis. Check out the charts with the Bitcoin price action is likely to go next. Here we go. Bitcoin's price trying to push towards the coveted thirty five thousand level. The current high for the year is thirty five thousand two hundred, but has so far been unable to progress. The rest of the crypto market seems to continue with its consolidation, with some of the alts performing better than others. So let's start with Bitcoin here. The Bitcoin price was trading above thirty four G's and seemingly pushing for the thirty five level. And right now we're right in between those two marks. Today, the price remains above thirty four, roughly thirty four five at the time of the live, but is unable to reach the coveted resistance level and is currently at a loss, but barely. We're, you know, kind of tinkering. And liquidation data is also interesting to monitor. According to Coin Glass, the total liquidations for the past twenty four hours are just short of one hundred million bucks. Most of these were long positions accounting for sixty three percent of the total. This shows that the bears were more dominant over the period. Now, the majority of the liquidations, as always, happened on Binance, which is the largest crypto exchange in the world, followed by OKEx and Bybit. And I'm curious, what's your go to recommended crypto exchange? Do you use Binance? Do you use OKEx? Do you use Bybit? Do you use Coinbase? Do you use Kraken? Let me know, fam. And let's now check out some of the technicals specifically for Bitcoin. Right now, as you can see, the oscillators on the left, we have three cell signals. We have seven neutral and one buy signal. And that one buy signal is the MACD, which you can see here on your screen. Now, if we scroll to the right a little bit, we can see for the summary, there's currently eight neutral signals. There's four cell signals and 14 buy signals, which is definitely a bullish indicator. And for the moving averages, which may be cut off on your screen, but I can read it to you. It shows you sell signals, only one neutral, only one. And we have freakin 13 buy signals right now. The market is ripe and ready for continuation of some momentum. So let's freakin go. Now, let's break down our next story of the day and discuss some technicals, which are definitely bullish for Bitcoin. As you can see here, there are now nearly 40 million addresses in profit. If you're one of those 40 million Bitcoin addresses in profit, make some noise in that live chat and let's freakin celebrate. I mean, that's a massive victory, to say the least. Bitcoin has more wallet addresses and profit than ever before. Despite Bitcoin's price being 50 percent below the all time highs. That's right. Right now, you can buy Bitcoin two for one special, but it's not going to last for long. So seize the moment, fam. The latest data is from on chain analytics from Glassnode showing a record number of addresses in the black. Bitcoin may be nearing 18 month highs, but its recent gains were already enough to spark the significant changes in investor profitability. Shout out to relaxing and meditation music. I the appreciate ten dollar super chat. Much love, much respect. Keep it coming. Let's go. Per Glassnode data, the number of addresses in profit as of October 30th was thirty nine point one million. This is the highest number ever recorded for the Bitcoin users and beats the previous peak of thirty eight point one million seen back in November of twenty twenty one. And does this date ring a bell? That's at the time we hit the all time high of sixty nine thousand. Now, at the time, Bitcoin itself traded at those all time highs and thus 100 percent of the addresses in existence with a non -zero balance were obviously in profit. And while the current spot price remains 50 percent lower than those levels, the total non -zero addresses now number forty eight point three million, as you can see here in this chart. And it's just likely to continue soaring and rising. Bitcoiners taking over the world. Yeah, I mean, in percentage terms and profit addresses, they have yet to match their performance in absolute numbers, but nonetheless, at 18 month highs of eighty one point one percent. Let's go. The tally has gone from 60 percent to over 80 percent over the past two months, as Glassnode shares here in the chart. And by contrast, addresses at a loss currently stand at just over nine million at their peak in December of twenty twenty two. Following the FTX meltdown, the total was over 20 million. Now, as reported, the past week has seen the Bitcoin price action pass multiple resistance levels while returning both the long term and short term hodlers back to profit. This in turn sparked profit taken at the much more speculative end of the hodler spectrum, especially as the market passed thirty four G's. Now for crypto analyst Van Stratton, research and data analyst at Crypto Insights Crypto Slate. This underscores the difference in mentality between the cohorts, quoting him here. Bitcoin has shown remarkable strength above thirty four thousand for the past five days while witnessing one of the strongest profit takings in the past two years for the short term hodlers. Now, long term hodlers have barely budged the six largest profit taking this year, but minimal in the grand scheme of things and accompanying the charts from Glassnode tracked these inflows to the exchanges from the long term hodlers and in profit to the short term entities as outlined here in these charts. Now, let's break down the 15 year birthday, the 15 year anniversary of Bitcoin. I mean, this is phenomenal that Bitcoin has been in existence for 15 years. Imagine if you would have knew about Bitcoin back on October 31st, 2008. Talk about a small circle. But yeah, today marks 15 years since the synonymous creator of Bitcoin, the one and only Satoshi Nakamoto, who Alex Jones claims Max Kaiser is maybe because Max holds as much Bitcoin as Satoshi. Who knows? But anyways, shared the Bitcoin white paper to the mailing list of cryptographers on October 31st, 2008. This was after the financial collapse, fam, and a date also annually celebrated as Halloween, quoting the the white paper here. I have been working on a new electronic cash system that is fully peer to peer with no trusted third party, as Satoshi famously said in the opening sentence before linking the document titled Bitcoin, a peer to peer electronic cash system. Holy moly. I mean, again, this is legendary. This is history in the making. You're witnessing firsthand the white paper proposed the decentralized system that could facilitate peer to peer transactions, which can solve the double spending problem often associated with digital currency in which it did. It proposed to achieve this via a network of nodes, validate and record transactions through the proof of work consensus mechanism, launching just two months later, officially on January 3rd, 2009. Satoshi's computer science breakthrough came on the back of other impressive developments in the cryptography and e -money spaces. The first reference cited the Bitcoin white paper is Wade's invention of B money, an electronic peer to peer cash system that never launched, but nonetheless played a key role in Satoshi's plans for Bitcoin and like Bitcoin B money. And I'm curious how many of you have ever heard of B money? We have all heard of B rabbit from 8 Mile, but B money, I've never heard of that one, proposed that participants in the system maintain a database of account balances, which keep track of the ownership of money. Transactions would be initiated and completed by a broadcast message to all participants, which would update the account balances of those involved in a specific transaction. In many ways, it could be seen as a precursor to the nose of the Bitcoin protocol, which keeps a record of the constantly growing blockchain. And I'm curious, how many of you run your own Bitcoin node? Let me know in that live chat. Fam, this process requires proof of work, a form of cryptographic proof in which one party proves to others that a certain amount of the specific computational effort has been expanded. Now, Satoshi implemented this into Bitcoin, citing Adam Back's invention of hash cash in 1997. Shout out to Adam Back, the creator of, I believe it's Blockstream, now, which incorporated proof of work to limit the email spam of denial of service attacks, as shared here by Crypto Leroy, the cypherpunks and fathers of Bitcoin, Hal Finney, he created the reusable proof of work. We got Adam Back, who created hash cash, Wei Dai, who created B money, David Shum, who created DigiCash. We have Nick Szabo, who created BitGold, Phil Zimmerman, who created PGP, Bram Cohen, who created BitTorrent, and Tim May, who is the crypto Antichrist Manifesto, and of course, the one and only Satoshi Nakamoto, who gets credited for the discovery of Bitcoin. Now, Bitcoin's timestamp server works by taking a hash akin to a unique serial number, a block transactions and time stamping, and when the block is added to the Bitcoin blockchain, which we all know. And as Crypto Shama points out here, also giving credit to everyone involved with some of the early developments for the technology that led to Bitcoin. So shout out to all of them, including Max Keiser. If you didn't know, Max Keiser has a patent, I believe the first one for digital currency back in the 90s. That's all on record, fam. So this is pretty amazing. Now, the genius in Satoshi was the puzzling of these pieces into a fully functional system. According to Lop, quoting him here, there is no single piece of the puzzle that I think is more important than the others. Nakamoto's genius was not any of the individual components of Bitcoin, but rather the intricate way in which they fit together and breathe life into the system. Preach. Now, mainstream media highlighted Bitcoin's increased use by criminals, which we know is nothing more than FUD. We got Senator Elizabeth Warren, also Cynthia Lummis pushing those FUD narratives, which suck. We also know Bitcoin became a legal tender in El Salvador, which was the country to adopt Bitcoin as a legal tender, which has been a game changer for their entire country. And I feel we're going to have many other nations lead in the footsteps of Bukele as well as, you know, El Salvador in adopting Bitcoin as a legal tender. So, yeah. Happy birthday, Bitcoin. I'm wishing you another successful hundred and fifty years after these 15 years. You know, the final Bitcoin is not going to be mine, I believe, until the year 2140. Crack me if I'm wrong, but that's a very long time from now. Now, let's break down our next story of the day. Valkyrie updated their ETF filing. We all know right now all eyes on spot ETF. So let's break down this latest development. Digital asset manager Valkyrie Investments, the latest firm to amend its spot Bitcoin ETF filing with the US SEC Valkyrie filed the updated spot Bitcoin ETF with the US SEC October 30th, which is yesterday, according to the SEC database. Now check it. The updated form as one registration statement from Valkyrie Bitcoin Fund aims to offer investors the opportunity to invest in common shares backed by Bitcoin. The shares represent units of fractional, undivided beneficial interest and ownership of the trust and are expected to be traded under the ticker symbol BRRR, just like money printer continue to go kind of cool on the Nasdaq stock market, quoting them here. The information in this prospectus is not complete and may be changed, according to Valkyrie, stating in the filing, adding the firm is not allowed to sell BRRR securities until the registration statement is officially effective. The amended filing comes about a month after the SEC delayed its decision on the Valkyrie Bitcoin Fund in late September. Meanwhile, Valkyrie's updated spot Bitcoin ETF joins at least six others recently amended spot Bitcoin ETF filings made by the following Bitwise, BlackRock, Fidelity, Grayscale, VanEck and ARK Invest. And according to online crypto ETF analysts, the ongoing Bitcoin ETF amendments can be translated as a good sign, definitely a good omen, in my opinion, of the progress and impending approvals. Valkyrie's latest spot Bitcoin ETF update is yet another evidence of movement happening behind the scenes. Bloomberg ETF analyst James Safart believes, quoting him here from X Update, Valkyrie joins the prospectus amendment train for the spot Bitcoin ETF. Things are still moving behind the scenes and following the recent amendments, at least five of the rest of the known spot Bitcoin ETF filers have not updated their filing. So expect them soon, including firms like Wisdom Tree, Invesco, Galaxy, Global X, Hashdex and Franklin Templeton. The SEC currently has a whopping eight to 10 filings at the desk of the chairman, Gary Gensler. But the million dollar question becomes, will Gary Gensler do anything about this and accept any of these spot Bitcoin ETFs? Congress is putting the pressure on Gary. He says you need to prove the spot Bitcoin ETFs immediately, with that key word being immediately. There's some deadlines that are due soon, including ARK 21. I believe it's January 10th. I personally feel we're going to get the green light from the SEC before the Bitcoin having creating the perfect storm. Let's move on to our next story of the day. We covered the ETF filing. Now let's discuss a potential $50 ,000 Bitcoin rally here incoming, according to crypto analysts, Michal Benday Pop, before I break down the latest with Max Kaiser recently on the Alex Jones show. Here we go. A widely followed crypto analyst believes Bitcoin has officially entered the bull market territory and is now primed for a rally towards $50 ,000 per coin. Send it and let's go. We got Michal Benday Pop, who shared on X that the Bitcoin bull market is here. I would agree. What are your thoughts, fam? Benday Pop predicts the Bitcoin will rally as high as $50 ,000 per coin in the coming months before witnessing a pullback and surging to a new all time high. Quitting the analysts here, I think we'll see Bitcoin hit resistance at 38 Gs, baby, but most likely will continue towards 45 to 50 ,000 per Bitcoin pre having after that consolidation and sideways action for a long period before we start making new all time highs. And this is the chart which you can see here in your screen, which if you analyze it, he appears to predict Bitcoin will see $50 ,000 in January of 2024. What is that? November or November's tomorrow. So December, two months. Send it. I love it. Right in alignment with Credible Crypto, who's predicting $48 ,000 in the next two weeks. Let's go. I hope they're both right. The halving, which had historically coincided with the Bitcoin bull run, slashes the Bitcoin mining rewards, as we all know, in half, which is slated for April 2024, under six months out. And for now, Benday Pop thinks Bitcoin's in the midst of a consolidation period and a dip below $33 ,000 is still on the table. Quoting him again alongside this chart, Bitcoin technically constructing a range here slight correction towards $33 ,300 and quickly bought up if the lower boundaries are reached. Probably sentiment will flip bearish the $32 ,800, but that would signal a great long opportunity touche. Now let's break down our featured story of the day and discuss Max Keiser, who was just recently interviewed on the Alex Jones show. He was invited back. And let me share with you a little the back story, just in case you don't know the back story. Now, back in the day, maybe it was 2014, many years ago, Max Keiser, being a kind hearted gentleman, went on the Alex Jones show and he gifted Alex Jones 10 ,000 Bitcoin. I don't know the exact value of the Bitcoin at that time, but I can tell you what the value of 10 ,000 Bitcoin is in today's prices. If you run the math, that is freakin 350 million dollars. Long story short, Alex Jones claims he lost the laptop that Max put the Bitcoin on. Therefore, he has none of it. So Max being the kind hearted gentleman he is, he said, let me come back on the show now. And he actually just released this episode yesterday. So this is brand new, breaking all these predictions and everything I'm sharing with you. And I'm going to give you a basic quiz on Bitcoin, Alex. And if you can answer these five questions, I will give you another 10 ,000 Bitcoin valued at roughly three hundred and fifty million dollars per coin. And so Alex invited Max on the show. They did the quiz. Here are some of the highlights of the show I'm going to be sharing with you. However, if you want to watch it live with me, we're going to be doing a live JV react session exclusively on Rumble after the show stream ends on YouTube. We're going to be watching it together where Max is quizzing Alex and I'll be reacting live to the video. It's something I've never done before. Live reacting to these videos, but I think it's going to be phenomenal considering it's brand new content. Many of you have never seen it before. So make sure you're following me on Rumble because it's going to be lit. But first and foremost, here are some of the highlights from this recent interview. I posted it yesterday exclusively. I was the first one to post the entire interview on X. I already got over 500 hearts, 166 retweets and over fifty two thousand people viewed it. Here's what I wrote. Max Keiser joins the Alex Jones show to predict the latest Bitcoin trends and warn of the suicide bankers that will destroy the world. And here are some of the quotes regarding his predictions when Alex Jones asked them, so where's Bitcoin going to go next? Where do we go from here? Here's what Max Keiser shared. All fiat money and gold eventually goes to effectively zero against Bitcoin because it's demonetizing gold. The same way gold demonetized silver, Bitcoin will be demonetizing gold. So sure, gold will be maybe two thousand, three thousand, four thousand dollars announced. But we're talking about Bitcoin eventually going to five million to ten million dollars per coin. So you're purchasing power in gold terms is almost basically nothing compared to what's happening in Bitcoin. Preach very powerful words. And there is another quote I believe that I shared here. Let's see if I can find it. I click back on here.
A highlight from The 14th Annual Halloween Spooktacular!
"Welcome to Stuff You Should Know, a production of iHeartRadio. Hey, and welcome to the Spooktacular. I'm Josh, and there's Chuck and Jerry the Ghoul Jerome Roland is here. And we're about to get jiggy with it, Halloween style. That's right. It's one of our favorite episodes of the year. Yeah. We'd like to remind everyone this is one of two ad -free episodes we do every year. That's right. And I feel like lately we have been just sort of, for the uninitiated, giving a quick overview of what we do here on Halloween. And that is, we read a couple of public domain scary stories. That's right. Short stories from, now we're up to 1928 and previous. Yeah? I think so. Maybe 1927, one of the two. These aren't even, I think mine was from before that even though. Yeah, we're not even close to the line right now. No, we don't want to get litigious, anyone to get litigious with us. That's right. We're not even dancing close to the line. If you have no idea what we're talking about, go listen to our intellectual property episode. It basically explains our Halloween episode. That's right, but we, you know, Josh picks one out, I pick one out. It has become very fun in recent years as Josh has gotten more creative with his voice work. Yeah, I'm actually really kind of nervous because it's a tough act to follow and I thought, well, I'll just bring Meagle back. And I have been summoning Meagle's spirit to take over my body again. Nothing? Nothing. I've done so many unspeakable acts as offerings to bring Meagle back. And basically I'm like Emma Roberts at the end of Black Coat's Daughter, just screaming in frustration because I can't get possessed again. So I'm sorry everyone, I don't think Meagle's going to be here this year. Yeah, it's like Emma Roberts at the end of Black Coat's Daughter screaming like everyone in the theater, I don't even look that much like that other girl. Yeah, that was a rather serious transition. Yeah, that was just me though. But I know what you mean. It seems like there's nowhere to go but down after Meagle. I mean, that was a Josh apex for sure. So I guess that maybe we'll just call this episode a wash. I won't even try and we'll get back to business again next year. How about that? Yeah, that sounds great. You know, I actually did a little road testing of some different British accents. Oh good. But I have no idea what's going to come out of my mouth or yours and that it's not going to be as rehearsed. I've learned to speak German. Really? No. I had to say that. If I had, I would not have told you or anybody else ahead of time just now. I would have just started speaking German. That would have been amazing. It would have been but this episode's a wash this year so I'm not going to be speaking German either. Which one do you want to start with? You want to do yours or mine? I think they're both terrific. I don't know. I've got no persuasion either way or I'm not being persuaded either way. Is there any of the two that you feel even remotely more like should go first? You know, for some reason, instinctually, I just went to pick up yours. Okay. I think it's a gripping and spooky and a good place setter and it's, you know, it's H .G. Wells. It's a classic author. Yeah. So let's dig into yours. Okay. H .G. Wells. I'm trying to remember my parts though. So you are the old man with the shade on his head. Okay. He's the one that walks in last, right? Yes. And then the old lady. Oh, perfect. Okay. And this is H .G. Wells, everybody, the guy who predicted our current rocket program with NASA and wrote the time machine and did all sorts of really neat stuff. He also wrote a scary story and that's what we're going to read now. It's called The Red Room. So Chuck, how about you narrate first? Okay. Welcome, ladies and gentlemen, to a reading of The Red Room by H .G. Wells. No, I meant in the story. Oh, oh, yeah, sure. That worked too though. I didn't know what you meant. I was like, what narration are you talking about? You're just talking about reading it. You're like, all right, I'll give it a try. Okay. Okay. You ready? Sure. But you're playing the main guy, so you're starting, right? Exactly. Okay. I can assure you, said I, that it will take a very tangible ghost to frighten me. And I stood up before the fire with my glass in my hand. It is your own choosing, said the man with the withered arm. I want to take that again. It's your own choosing, said the man with the withered arm, and glanced at me askance. Eight and twenty years, said I, I have lived, and never a ghost have I seen as yet. The old woman sat staring hard into the fire, her pale eyes wide open. Aye! She broke in. And eighty and twenty years you have lived, and never seen the likes of this house, I reckon. There's a many things to see when one's still but eight and twenty. That was crazy. She's making fun of this guy for being twenty -eight years old. Yeah. She swayed her head slowly from side to side. A many things to see and sorrow for. I half suspected the old people were trying to enhance the spiritual terrors of their house by their droning insistence. I put down my empty glass on the table and looked about the room and caught a glimpse of myself, abbreviated and broadened to an impossible sturdiness in the queer old mirror at the end of the room. Well, I said, if I see anything tonight, I shall be much the wiser, for I come to the business with an open mind. I'm so disappointed with myself this year. Oh yeah, it's me. It's your own choosing, said the man with the withered arm once more. I heard the faint sound of a stick and a shambling step on the flags and the passage outside. The door creaked on its hinges as a second old man entered, more bent, more wrinkled, more aged, even than the first. He supported himself by the help of a crutch. His eyes were covered by a shade and his lower lip, half averted, hung pale in pink from his decaying yellow teeth. He made straight for an armchair on the opposite side of the table, sat down clumsily and began to cough. The man with the withered hand gave the newcomer a short glance of positive dislike. The old woman took no notice of his arrival, but remained with her eyes fixed steadily in the fire. I said, it's your own choosing, said the man with the withered hand when the coughing had ceased for a while. It's my own choosing, I answered. The man with the shade became aware of my presence for the first time and threw his head back for a moment and sideways to see me. I caught a momentary glimpse of his eyes, small and bright and inflamed. Then he began to cough and sputter again. What did you drink? said the man with the withered arm, pushing the beer toward him. The man with the shade poured out a glass full with a shaking hand that splashed half as much again on the deal table. A monstrous shadow of him crouched upon the wall and mocked his action as he poured and drank. I must confess I had scarcely expected these grotesque custodians. There is to my mind something inhuman in senility, something crouching and atavistic. The human quality seemed to drop from old people insensibly, day by day. The three of them made me feel uncomfortable with their gaunt silences, their bent carriage, their evident unfriendliness to me and to one another. And that night perhaps I was in the mood for uncomfortable impressions. I resolved to get away from their vague foreshadowings of the evil things upstairs. So ageist. Very ageist. If, said I, you will show me to this haunted room of yours, I will make myself comfortable there. The old man with a cough jerked his head back so suddenly that it startled me and shot another glance of his red eyes at me from out of the darkness under the shade. But no one answered me. I waited a minute, glancing from one to the other. The old woman stared like a dead body, glaring into the fire with lackluster eyes.
A highlight from 1444: Prepare for $10M Bitcoin Price Tsunami - Michael Saylor
"Happy stat stack and Saturday. Welcome to the number one daily Bitcoin pod. In today's show, we have a lot to cover. I'm going to be breaking down the latest Bitcoin technical analysis, as well as breaking news. Eighty four percent of all the Bitcoin supply has not been moved in over six months. Let's frickin go. Also, Bitcoin hashrate explodes higher to five hundred and forty five quintillion extra hashes per second. A new record quoting the high priest Bitcoin. The hash adjusted implied price for Bitcoin is now in the mid three hundred thousand dollars. Send it. Let's frickin go. Also, breaking news. Alex Jones lost ten thousand Bitcoin and a stash gifted by the high priest, Max Kaiser. But Max Kaiser says he can regain it by doing a quiz. That sounds pretty damn good. Wouldn't you say? Also in today's show, Wall Street Journal corrects their article, citing Hamas crypto terrorism funding data, which we all know is nothing more than Bitcoin FUD. Also breaking news. Crypto rug pulls leaves hundreds of Central African Republic investors penniless. That's right. There is a reason why El Salvador is the standard for nation state Bitcoin adoption. You can say that again. Also in today's show, the SEC is considering eight to 10 spot Bitcoin ETF applications. According to their chairman, Gary Gensler, I'll be breaking down the latest updates with when these approvals are likely. We're also going to be discussing the latest from Michael Saylor. He says, prepare for a Bitcoin price tsunami. I'll be breaking down his 10 million dollar Bitcoin price prediction. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show.
A highlight from BTC Rallies, ETF Nudges Closer, and a Fresh Fraud Accusation
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Saturday, October 21st, and that means it's time for the weekly recap. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello, friends. We are back with another live analysis show. This was a conversation filmed and recorded between me and Scott Melker, also known as The Wolf of All Streets, on Friday morning. Now, for those of you who want to catch this live, it goes out every Friday morning at 9 a .m. It's on all his channels. It's on all my channels. And basically, this is a chance to get a little bit more talky when it comes to the news and what it means. This week, obviously, the big stories were once again, the new NYAG suit against DCG, Elizabeth Warren's attempt to use the tragedy in the Middle East to bully her way to new crypto legislation that really doesn't have anything to do with Hamas, plus a little dose of SPF coverage. I think overall, the way to sum it up, though, is from the last story, which is about a Morgan Stanley blog post that suggests that we are in what might be called crypto spring. Crypto spring is neither the bull market of crypto summer, nor is it the brutal bear market of crypto winter. Instead, it's a period where one day can be very good and another day can be very bad. It's messy and muddy and often rainy. But in it, you start to see the very first seedlings of what comes next. The stories this week, I think, are a pretty perfect encapsulation of that. We have this big Bitcoin jump up. We had ETF news, both fake and real things that are very much about the future. But then we also had a heck of a lot of cleanup and stories about the messy in between that we still face. Anyways, there is a lot here, both in terms of the stories themselves and also what they represent about where we are. So without any further ado, let's dive into the conversation. Happy Friday. Good morning. And man, we've got a lot to talk about today. We do. And it's not all Sam. It's an amazing week. Although I will say, for whatever reason, people really engaged with our conversation about Sam last week. So it's clear that people are watching that trial and really interested in what's happening there. It's our exorcism. So of course, you can't look away. That's what's so bad about it. It's this slow moving train wreck that you have to watch and collective catharsis and therapy all at the same time. Really good. We can dig into the stories of this week. And we've touched on some of this, obviously, in the past. I like to put up her picture just to trigger everyone really early. We've got Elizabeth Warren here. U .S. Senator Warren leads lawmakers to push administration on crypto backed terrorism. Of course, she's getting the headlines, but there are one hundred and two lawmakers that have signed this. Clearly, there's real interest in Congress and the Senate in pushing this narrative that crypto is funding terrorism. Here's a bit of what she had to say or the letter did. It's not just her. Given the clear and present danger posed by the financing of bees and other militant organizations, we ask the administration to provide additional details on its plan to prevent the use of crypto for the financing of terrorism. Congress and this administration must take strong action to thoroughly address crypto illicit finance risks before it can be used to finance another tragedy. Is this a fair criticism of crypto or is it not? This is why people hate politics in a simple, cute little package. A thing that is very, very tangentially related to an actual tragedy and horror show of modern life becomes a leverage point for someone who's just pushing an agenda that they had in advance. Nothing is new, just to be clear, about the bill that's being pushed from what it was being pushed earlier in the summer. It has nothing to do with exchanges that, for example, have been known or proven to facilitate terrorism. It is entirely about just DeFi KYC. It's a very, at most, orthogonally related thing. But in the wake of the horrendous attacks, and particularly after the Wall Street Journal writes this piece saying that it's funded by crypto, it's just exactly what she needed to go leverage this point. Now, there are a couple of things that make it perhaps less bad than it seems. And some of these go back to what we talked about last week. The first is when it comes to these 102 people, my strong guess, now I haven't sat down and gone through this with the fine tooth comb. My strong guess is that about 97 or 98 of those 102 were handed a letter by a staffer that said, this letter says the White House should do something and Congress should do something about crypto financing terrorism. And on the face of it, that's fine. People are going to sign on to that. And I think that this is sort of this point is the evidence of this is the fact that there are a number of pro -crypto Democrats who have signed on. If the premise of the letter is just, hey, guys, this is an important vector for funding of terrorism in the future, we should make sure we have good policies for that. Totally reasonable. Everyone in crypto would agree with that. Now, what we know is that there's a bigger agenda behind it. Here's the other thing about politics, even these 102 senators know or the 102 people who signed on to this, they still know that that's not the same as actually supporting a bill. This is just a letter. It's an open letter. It is actually the cheapest, most convenient and least committal way to associate your name with anti -crypto terrorism financing without having to actually do anything about it. So it's just as toothless as anything else she does, except in so far as it continues to kind of erode and distract from other conversations. So I think it is extraordinarily frustrating. It's completely predictable in some ways, but it in and of itself, I don't think necessarily shows a lot of shift in momentum other than what we might already have have seen around this. When push comes to shove, this bill will either be actually kind of advanced or it won't. And when it is or isn't, it will be debated on the merits of it then. So it's kind of just a distraction. It's a very annoying one. I do think that it has impacts for all the people who are in the crypto lobby in D .C. who are just trying to have common sense conversations and move things forward sensibly. But it's probably less impactful than it is annoying is my kind of short take. I think this goes back to the old adage, never let a good tragedy go to waste. Right. And especially if you're a politician and you have a specific talking point and you can somewhat superficially attach that talking point to something that's happening in the world, you go for it. Now, I will say I agree with you. This should be addressed right. If crypto is being used in some way to fund terrorism, then sure, that should be stopped. But it's crypto. So they are freezing wallets. They're actually taking action against these things, regardless of what Elizabeth Warren says. And so you can take that criticism and it's valid, but you can't take it in a vacuum because you have to make the same criticism for every other form of illicit financing for terrorism, like pallets of cash being delivered, you know, across the border, which we all know is happening. So I think that it's an unfair singling out of crypto. More importantly, when you dig in, I mean, here's the rest of the story. Chainalysis says some reports might be overestimating crypto's role in terrorist financing. And this isn't just an overestimation. I'm just going to read you what Chainalysis had to say easier than discussing it. We've seen recent estimates related to the attacks on Israel that appear to include all flows to certain service providers that receive some funds associated with terrorist financing. In other words, these total include funds not explicitly related to terrorism financing to the untrained eye. It might appear that eighty two million worth of cryptocurrency was raised for terror financing, but it's much more likely that a small portion of these funds were intended for terrorist activity and a majority of the funds processed through the suspected service provider were unrelated. So they're saying that with the estimate that Elizabeth Warren's talking about is eighty two million has an extra few zeros there. It's about four hundred and fifty thousand worth of funds that actually ended up in terrorism affiliated wallets.
A highlight from How Bitcoin Could EXPLODE To $74,347 In 84 DAYS! (MATHS Explained)
"Today is a very serious show. First of all, I want to go through the maths and I want to show you the maths of how Bitcoin goes from where we are today to $74 ,347 in about 84 days, not 85 days, 84 days. I want to show you the maths behind it because I think it's actually quite fascinating and it's actually very, very, very realistic. Probably the most compelling case that I've seen for a price prediction in a hell of a long time. Then I want to talk about this. I want to talk about Joe Biden arriving in Israel earlier today. We saw images of Joe Biden arriving in Israel. So I want to show you why I believe that this may be the beginning of World War III. I think we may be in a perfect, perfect, perfect storm for the beginning of World War III and ultimately for probably the demise or the decline of the United States as a superpower. We're going to talk about that today on the show. So as you can see, a very serious show. Then I'm going to show you some good news, some bad news and some fake news for XRP. We're going to talk about that. I want to talk to you about the Phantom hack. I want to talk to you about a couple of other old coins and then at the very, very, very end of the show, if we get to our target of 1100 likes, I'm going to be giving away free tokens in an amazing launch that actually happens tomorrow. So serious show, fun show, lots to do, lots to get through. Let's go, guys. I see a lot of you here are saying present. You're present on the new channel. Congratulations. Welcome, welcome, welcome. Let me know that you are present. If you are here, smash the like button because and if you haven't already subscribed, join the let's see how many subscribers we have today. Eighty three thousand one hundred and forty subscribers that have already subscribed. Remember, we're not live anymore on the old channel. I know there are a couple of people who just don't get that. In fact, let me be more specific. There are one hundred and seventy three people waiting in the old channel, even though we put up an amazing thumbnail to say we don't broadcast here. We're live on the new crypto advantage channel link in the description. So if you are here, welcome. And if you haven't yet subscribed to this, to the new channel, subscribe to the new channel, because this is where all the content is going to be moving to over a period of time. And there's a lot of content today is actually, I think one of the shows that I've been most excited to do for a long, long, long time. I'll tell you why I'm so excited to show because I don't believe in price predictions. I think people who make price predictions, you're sure to to to to to get them wrong. I like price predictions when they filled with maths. And I'm going to show you the maths behind how Bitcoin actually does go to seventy four thousand three hundred and forty seven dollars in the next eighty four days. I'm going to show you the maths behind it. I also want to talk about where we are in the market cycle, because there seems to be like a battle now between the halving and the ETF. And we're going to talk about the battle of the halving versus the ETF, because regardless of why, where you think we are in the market cycle right now, there is a battle. The battle is a very strong battle. The halving cycle says that the price of Bitcoin is going to go down. The ETF cycle says the price of Bitcoin is going to go up. And we need to understand which side of the fence do you sit on and and whether or not you agree with any of the market cycles. And then, as I said, at the very end of the show, I want to give away only forget over one thousand one hundred likes. I'm going to give away two hundred and fifty dollars tokens to to a new launch, which I think is going to do like a 10 or 20 or maybe even 30 X tomorrow. And you're going to win them today and you're going to get your tokens today. Basically, you're going to get your tokens today. So let's go. We've got a big show. Excited to be up. Let's quickly look at the bubbles just to see where we're at.
Suspicion Surrounds Ex-Iran Envoy Rob Malley After Israel Attack
"Material. Wonder if he'll go to prison the rest of his life. Should face extensive scrutiny for his permissive stance toward the Tehran regime after it aided Hamas and Hezbollah in carrying out terrorist attacks against Israel critics said. Robert Malley deserves extensive scrutiny yesterday today and Representative Darrell Issa after the Wall Street Journal reported that officers of Iran's Islamic Revolutionary Guard Corps planned and signed off on his weekend atrocities they killed at least 900. We now know many more. The Biden administration their intelligence is so poor that the reporting of the Wall Street is better than American intelligence. But the truth is it's a cover. It is a massive cover -up by the Biden administration. These reports could be more concerning could not be more concerning excuse me and what they hit could at be the worst State Department scandal since Aldra Hiss, Issa said. That's funny that's the name that came to my Malley and others created an incredibly permissive environment for Hamas for Iran to do all these things added Gabriel Noronha a former special advisor on Iran at the State Department that's Noronha. Noronha who served under former Secretary of State Mike said Malley and his negotiating team quote purposefully funneled billions of dollars to Iran through lack of sanctions enforcement and provision of sanctions that has given them somewhere between fifty and eighty billion dollars over the last two and a half years. Let's stop and digest that. They purposely this quote funneled billions
A highlight from VanEck Ethereum ETF Launch w/Mathew Sigel
"All right, so let's talk about ETFs, let's talk about the strategies around ETFs and also some of the biggest names that are going to be getting out there in the market. One of course is going to be VanEck. We'll do a breakdown video today with them. I think you guys are going to love it. My name is Paul Beryl. Welcome back in The Tech Path. Joining me today, of course, is the head of digital assets over at Research at VanEck, and that, of course, is Matthew Siegel. Great to have you on the show. Hi, Paul. All right, so, Matthew, let's kind of get into, first of all, just in general what VanEck has been able to do here with the exchange from the aspect of where this futures product is going. Do you feel like this has been a success for what you guys have launched? What was the, I guess, the expectations versus what is actually happening right now in the market? Yeah, Paul. So VanEck was the first mutual fund and ETF sponsor to file for a spot Bitcoin ETF back in 2017, and it became very clear that the SEC was not willing to bless those products. So we pivoted and spent a few years making investments into venture and spinning up what ETFs can trade over in Europe and basically releasing a whole number of products in this space while keeping an eye on the regulatory situation in the U .S. and updating our filings as the regulatory environment changed. So a couple of months ago, it became clear that SEC was willing to consider a futures version of an Ethereum ETF, much like Gary Gensler had signaled back in August 2021 regarding Bitcoin. Bitcoin, yeah. And although it's a crowded space and lots of filers, you have to be in it to win it. So we launched this product, EFUT, and recognizing that these futures -based products are probably not the most ideal for investors who are looking to track the price of spot perfectly because it takes some additional friction to manage these products and you have to roll the futures contracts. So I'd say our expectations for these futures -based products are somewhat limited. And as a result, we made an announcement last week that we'd be donating 10 % of the profits from EFUT directly to Ethereum Protocol Developers, an institution called Protocol Guild, which helps distribute funds to Ethereum developers. So I think by my math, I estimated that Ethereum futures ETFs could have somewhere between $90 to $350 million U .S. That's a one -year target. We obviously haven't hit those targets quite yet, which I think points to, one, the macro environment and we can get into that, but also just the nature of these futures -based products, the fact that crypto is meant to be an asset that you can hold directly. We do think there's a role for the regulated ETF structure, which mandates qualified custodians to hold on to these securities. But with a futures -based product, there's just an extra set of intermediaries that are able to take out some value from this product. It's interesting that you think that the market would be at around $350 million. I was looking at just right now, the ETF itself, total assets around seven. This is down just slightly, a little bit. We've been tracking this pretty significantly around what's happening in the space. Obviously, VanEck is one of the more pro ETH, I would say, investment groups out there. When you look at not only the future of the futures side of this, but also from the scenario of what we'll see in a spot, I mean, obviously you guys have been building a lot of other products out there. How would that affect, I guess, your strategy going forward, once that we do start to see spots hit the market with what the futures product is going to look like at that time? Where do you think that will fall? We'd have to imagine that most clients would want to hold the spot ETF and not the futures -based ETFs. My personal view is that these are kind of placeholder products to give investors some exposure before the spot products come to market. All right. I guess the obvious next question is predictions on when you look at whether you're following what the guys over at Bloomberg are saying, or you're looking at some of the market analysts out there that are looking very strongly in and at the ETH spot opportunity here. Do you feel that that will come fairly significantly close to when we might see a Bitcoin spot? Or what do you think is going to be the lay of the land in terms of spots being approved? We do expect that these spot products will come to market sometime in Q1 of next year. We don't have a firm view on how much time might lapse between the BTC spot and the Ethereum spot products. Yeah. A lot of the same companies all kind of vying for that same position. I think from VanEck's position, you guys were first to market. And obviously, one of the larger entities out there when it comes to Ethereum as a whole from a futures product side of that, do you feel like that has going to ... I mean, it's already kind of proven its case with what happened with the Bitcoin futures product. Do you feel like that's going to happen with the spots as well? First to market's probably going to yield most of the benefit? This is a guess, but I think that the SEC has faced a fair bit of pressure on how the Bitcoin futures ETFs were rolled out and course corrected a little bit with Ethereum futures such that all these products effectively went effective and traded on the same day. So it would be our hope and expectation that will also be the case for the Bitcoin spot products. And then it'll come down to a marketing and a reputation war. So we'll see what rabbits we can pull out of our sleeve to win the number one spot on the Bitcoin spot side as well. I was watching some of the VanEck ads that were coming out. This is coming over from your own Twitter account. I mean, I like this strategy in the sense of just making regular people, one, aware of what Ethereum is and start the education process. When you look at the scenarios that will play out of traditional investors or maybe even some crypto investors that maybe want to go the traditional finance route, do you feel like that is going to be a big leap forward or is there a lot of work yet to be done just on the education, the advertising front to get people aware of really what's happening in them, especially around the ETH ecosystem? I do think that institutional investors are quite aware of Ethereum's value proposition. It's really the only profitable blockchain project. We estimate that the Ethereum protocol is going to generate more than $2 billion in profits stakeholders for this year. The problem from our perspective is just the macro environment. So with Ethereum's transition to proof of stake, you can now earn a yield on your Ethereum if you stake it via the smart contract. But because the T -bill yield has been rising so dramatically, that ETH staking yield has become somewhat unattractive to macro investors. We think that's one of the reasons why these futures -based ETFs have seen limited traction. We're keen observers of what's happening on the blockchain. We do believe in self -custody and holding your own keys. It's not for everyone and institutional investors face higher fiduciary duties that require qualified custodians and regulated intermediaries to help them with that. And a spot ETF product can really facilitate broader adoption. But the main point here is to transact on -chain using your own private keys. And when we observe the blockchain activity over the last few months, we're finding that it's definitely a bear market and there is a lack of on -chain activity at the moment. And we can see that in the price of Ethereum. The Ethereum to Bitcoin ratio, which has been falling quite materially here in the last month or so with Ethereum underperforming. So it's a tough macro environment. You have an imperfect product in these future -based ETFs that are going to be more costly for the end investor. And we think that the spot products are going to have a multiple of demand for them. But it's really Bitcoin, which has the kind of unique regulatory status still. And that's the one where we can be pretty confident that the combined demand from institutional and retail investors looking for a spot product will be in the double digit billions over the course of one year, I would guess. I want to get into some of the macro pressures, because you've mentioned that a couple times, but before I jump to that, kind of talk a little bit about the grayscale situation. Obviously, their deadline coming up this Friday, the likelihood of us getting a delay there is most prominent, I would think. But what's your opinion on the situation right now with grayscale? We think that grayscale has a good case. We've said for a long time that the SEC's failure to explain more clearly their thinking behind the differences between spot and futures based ETFs was a case of kind of arbitrary and capricious treatment under the law. So without commenting too directly on a competitor, you know, support that lawsuit, think they have a good case, think that the SEC is increasingly being confronted with its own lack of logic. The courts are starting to realize that we're seeing a winning streak or a losing streak by the SEC. I'm on paper saying that Gary Gensler is going to be gone before the end of the year. The clock is kind of ticking on that. But there's a lot of examples of SEC chairs that, you know, prefer to step down after embarrassing losses rather than create a further distraction for their president. So that's my personal guess, is that this guy is not long for the seat. But in the meantime, he's created, you know, a very challenging legal environment. And it's good to see grayscale having some early success in court. Yeah, we'll be watching the Coinbase situation because I think that would be the next, you know, you know, shoot or fall, I think, in the sense of at least another loss for the SEC or at least a position that isn't defensible, you know, by that office. I want to go over to a clip here. This is from Eric Balshunis from Bloomberg and play this for you and kind of get your opinion on this. Let's jump to that clip real quick. When the spot comes out, you're going to find a migration over to spot. So these futures ETFs will go extinct. We're still James and I are still holding the line at 75 percent odds of approval this year of a spot Bitcoin this year, 2024 calendar year, no 2023 calendar year, 2023 ether. In my opinion, I would expect that to be a month or two after Bitcoin. All right. So a couple of things. Eric hit on there. He's been on our show before. One, of course, that's a pretty aggressive stance to 75 percent and to happen this year. Kind of curious, do you agree with that? Disagree? What do you what's kind of your theory there? That sounds a little high from from our perspective. You know, there's a number of different divisions within the SEC that need to weigh in on these filings and kind of 75 percent by the end of the year just sounds a little bit high. We're a little bit more tilted towards towards a Q1, but we're you know, we're ready to go. If if Eric's right and I hope he is, the faster that the investment community has access to these products, the better from our perspective is safe. You know, these are safe and liquid and cost effective ways to get your hands on physical Bitcoin. So hope he's right. I know that you guys did a full report. This is one that's been, you know, months in the making of kind of the future of where ETH, I'll flip back to ETH real quick. When a spot does occur for Ethereum, whether that is, you know, Q1 of next year or right after a Bitcoin spot, all those kind of things that play into it. First of all, what do you think is going to be the inflow for a spot ETF on Ethereum? Do you think that will be a landslide inflow? Do you think that's going to take some time to really develop? I mean, I think I think it'll these are going to be billion dollar products in the aggregate in the first three to six months. But I really do think that institutional investors have a lot more clarity around Bitcoin's regulatory certainty, even if an ETH spot ETF is blessed by the regulator. It's my personal view that the demand for the Bitcoin ETFs will be multiples of what it is for Ethereum. Now, the macro environment could change that, right? What we've tended to see during these crypto bear markets is that Bitcoin dominance rises, that Ethereum is the higher beta asset. And then once the bull market kicks off, investors tend to take their Bitcoin profits and try to find something even riskier to bet on. And that's when Ethereum and some of these altcoins start to outperform. So given what we're seeing in the bond market and in the political arena in the U .S., just want to see a little bit more time pass before getting conviction to increase weights dramatically to this to this asset class. And I think that's kind of what our clients are telling us as well. So we're looking for Bitcoin outperform here as we head into the halving next spring. Well, the good thing, I think, for most people watching our show is that you're in the right game. I mean, there are some great opportunities here that are starting to brew within this asset class. And whether you're looking at Bitcoin or Ethereum, what's interesting to me is the amount of adoption, I won't say adoption, but just the embrace, I guess, the embrace that we've seen from the TradFi markets, including VanEck, but, you know, other, you know, other companies like Fidelity out there who have also gone pretty heavy into ETH. When you look at that and then you think about the education factor that kind of takes place within the crypto market, the traditional crypto markets versus what we might see there. I was following your Twitter account and I saw your market factor example that you've got here, these different indices that are now alive on the terminal. And do you feel like when you get into things like this in terms of tools, of especially around Ethereum, that this is going to really kind of maybe level the playing field for an investor that's coming into this market for the first time and say, all right, ETH, Bitcoin, I think I'm going to go this direction. What do you think just what is going to happen with things like what you've got here on your tools, et cetera? Yeah, thanks for highlighting that. Like one of the things that I'm struck by and I'm a former equity PM, you know, worked at some large buy side equity shops that have the really so many tools at our at our fingertips from the sell side in terms of data, benchmarks, access to management teams, you know, research. And when you when you get into digital assets, you realize a hugely fragmented and landscape very little in the way of trusted intermediaries. Not too much of the information is served up on a platter. So it's really a challenge to find the right data sets that are going to help, you know, protect from losses and add to gains. So VanEck owns an indexing company called Market Vectors, which is regulated in the EU. We self index more than half of our ETFs. So Market Vectors has a digital assets business line. They've got several dozen indices that help investors benchmark their own digital asset investments. And VanEck's not the only client Market Vectors has dozens of clients. So one of my early projects was to work with them to develop a taxonomy of the space and create a number of kind of sector indices that would help portfolio managers segment the digital assets landscape in order to figure out just who's winning and who's losing. So we've got indices like smart contract leaders, DeFi leaders, infrastructure leaders, metaverse leaders. These are subcategories of the digital asset ecosystem that are tracked and updated by Market Vectors via these benchmarks that I can look at on my Bloomberg. And one of the newest indices that they recently released is the one that you just showed, which is the Ethereum staking rate, which is an annualized interest rate. So this is the ETH total return index, which includes staking and then the ETH price, which doesn't include staking. So that's one of our new indices. And then the other was that MVETH SRR, Market Vectors ETH staking rate, which actually just shows an interest rate, right? An annualized interest rate that stakers earn on their ETH. And we thought that that would be valuable for macro PMs, especially in the current environment. When you see the T -bill yield keep going up, the ETH staking yield keep going down. You know, that's a tough environment for kind of macro investors to make an allocation to ETH. Now, if it starts to get too extreme, they'll use it as a contrarian indicator because you want to buy when there's blood in the streets and, you know, take the asset away from weak hands into strong hands. But at the moment, tough environment for ETH stakers versus T -bill buyers. So, Matthew, with this, based on the report that you guys did earlier this year, you had a full ETH revenue price target layout here. I'm just going to reference that PDF. But one of the things that I was interested in was the bear for 2030. Would you revise that number right there on the bear case? I don't know if anybody can see that. I'm going to zoom in on that a little bit, but just to give you guys an idea, that was the bear case at 343. The bull case for 2030 is around 50K. So any revisions to that or do you feel pretty strong on that one? Yeah, we actually just refreshed this internally to make sure it's still valid. Our base case is $11 ,000 per coin for Ethereum. And that's based on a top line which grows from about two and a half billion dollars annualized today to $50 billion over the next six, seven years. And then we really do a proper and classic DCF there. We're deducting a tax rate. We are applying the cost of capital to Ethereum based on its beta versus the stock market. So that $50 billion in revenue estimate, I mean, we're going to need to see some decentralized apps go viral and get mass adoption in order to achieve that price target. And if no one is making on -chain transactions and Ethereum becomes a permissioned network, then that bear case may be in play. We look at all these assets as call options on an alternative financial future in which decentralized databases form a material portion of the world's financial transactions. We think that goes kind of part and parcel with some de -dollarization and with a strong desire by some countries that are currently on the fringes of the global financial system to chart their own path via self -custody and to transact on permissionless and censorship -resistant networks. There's always a possibility that that doesn't happen or that's delayed or that the US pushes hard to prevent that from happening and crypto could go through the type of bear market that gold did for many decades when gold was functionally illegal. We don't think that's going to happen and that's why we have those funds. But that is a possibility and that's why we have the bear case in our numbers. OK. So I want to wrap up. I agree with that. I'm maybe looking at it. I just look at it from the sense of view. We put so much research on the ecosystem of ETH. We don't see that kind of bear case appealing. But I think the way you put it. Yeah. OK. There are some windows there that could happen if we don't see a mass adoption. You know whether it's a viral application or a platform that starts to really utilize it could be the case with the things that we're seeing though in the marketplace. There's just so much brewing right now in terms of opportunity. So to your point or to that point I want to hit on the partnership you guys did with L1 that you guys are of course are implementing right now. And that to me also even though it's you know it's a small pre -seed I get that. But these are the kind of startups that really end up changing the game down the road. What are your I guess what's your your feeling of where VanEck is going in terms of a lot of this new entry into the market around startups new trad files. You know a lot of the fintech that's starting to hit the market. Do you see a lot of that starting to lean into crypto right now. Yeah so like the impetus for getting into crypto in the first hand was that our CEO Jan VanEck has significant gold and gold mining positions and you know we're worried that Bitcoin could be a competitor to gold over the long run. And so we wanted to get smarter in this space and that involves you know not just trying to bring ETFs to market but also investing in venture in the space. We own a stake in an early stage venture manager and we just want to make sure that we are not hit by the innovators dilemma here and end up you know ignoring opportunities. So L1 is a software as a service platform that helps registered investment advisors bring their clients crypto holdings you know under their own advisement by giving them a look through into self custody wallets and the ability to recommend transactions to their advisors who would then pass that recommendation on to their end clients. So you know VanEck could be a manufacturer of funds that a platform like that would be a distributor would use to provide investment options to their to their end clients. And as you noted it's kind of a it's a small like almost a pre -seed type investment but we want to scatter some bets in this space. That's not the type of you know business that's going to go necessarily viral but we've got some other kind of early stage investments in more consumer applications or decentralized applications that you know could go viral. Maybe I'll briefly highlight one of them because we put it in paper. In one of our in our crypto hedge fund we took a private investment in a project called a dash cam that it's open source components but you can mount this dash cam in your car and as you're driving around it will take images of where you've driven and upload them into the cloud and you'll be paid these honey tokens in return for doing that work. And what you're doing is really crowdsourcing a competitor to Google Street View and once that competitor is formed enough there will be fleet managers like you know UPS or smaller UPS would who look to license that data that hive mapper data theoretically at a much cheaper cost than what it costs to do so from Google Street View. You can spend eighty thousand dollars a month on Google Street View and never talk to a salesperson so that's a very consolidated large market that we think is ripe for disruption and we did take a position in those honey tokens in a private transaction that we disclosed. And those are the type of consumer facing applications that have the potential to disrupt these super juicy web to margins and that's one of the type of use cases that we're most excited about in this space. Yeah we've actually had the hive mapper team on so we're really aware of the project obviously a Solana based project and when you and I guess that kind of leads me into my next question because you're right there's a lot of innovation happening now you're looking you're talking about one particular one that of course is on Solana what are you what's your theory on whether or not we'll see like a Solana based ETF an avalanche based ETF in the future down the road do you feel like that's in the in the cards right now? I feel like we're getting very close to the point where it would be difficult for the SEC to say no we'll see we got to get these ETH ones out right well so part of it will depend on how the Coinbase suit goes as well yes you know those could be 2024 stories we already have a number of all to L1 ETPs trading in Europe so that there is precedent for this and I think that you'll start to see you know ETFs that can hold these ETFs and you'll get kind of multi token products perhaps as soon as next year.
A highlight from ROLLUP: SBF vs Caroline Ellison | Sam Altman on Joe Rogan | ETH Predictions
"David look at her surrounded by all these reporters. Yeah, easy. That's intense. That's a circus very intense. So Caroline Ellison is like the only person closer to Sam Bankman freed than Gary Wang Like not only was she in charge of Alameda, but like Sam Bankman freed and her were dating they were sleeping together in 2019 They were dating in 2021 then they broke up, but they were still together Yeah, and so like, you know, very incestuous business dating sleeping together relationship Also in the Bahamas like well the business relationship They're not related though, let's just clear that they're not related. Yes. There's many other things like a lot of convoluted They're not related Bankless nation. Happy Friday morning. It is the second Friday of October or should I say flat tober David? It's looking pretty flat out there in the markets. It's down. No, it's I haven't looked at the markets. You just put them in the prices in but we'll get to that What else we got on the week topics of the week the SPF trial of FTX? Continues on to week two Friday of last week before we were able to cover it Gary Wang the CTO of FTX Testified this week Caroline Ellison testified for two days straight There's a lot of juicy stuff to unpack there who days two days two days hours of testimony One day was like eight hours straight so she just kind of dumped it all about Alameda on the table Little did I know that Thai prostitutes would be involved with this story. Did you hear about this? No, okay, like oh you haven't heard about this at all. Oh, you're about to know it's fresh. No Thai prostitutes have entered the FTX arena entered the chat entered the chat the arena He's funny you say that they used to have an arena didn't they? We also have Sam Altman He is talking about crypto on Joe Rogan show. What did he say? What was it? Good. Was it bad? Did he mention world coin at all? We'll get to that too. David. What else we got Why do Americans own crypto the Fed the Fed did a survey result? So we'll talk about that. Also the vampire attack on Lido I got some takes that's at the very very end and then apparently Ryan we're giving our price predictions for ETH Why are we doing this? You didn't know that? I did not sign up. You better be thinking of a number Okay, because we're getting to it But before we get in we've got a message from our friends and sponsors over at a 16 Z You know a 16 C crypto VC firm. Well, they they're telling you they want you to go back to school That is crypto startup school. What are we looking at here? David a 16 Z crypto startup school It is that time of the season where you can apply to join and get accepted by the crypto start -up school It's a 12 -week accelerator program to make you into a crypto founder. So cue the the Mulan music We're gonna make a founder out of you That's what a 16 C is gonna do You're gonna work with some of the best and brightest mentors in the crypto space including some of the a 16 C Partners and sometimes just like external founders come in and just get involved the a 16 Z startup school 12 -week program March 27th through June 11th in London in the UK. So you you will be there. This is on -site. This is on campus And yeah is great you get to work with some fellow founders work with some great mentors You need to apply October 20th That is in eight days from recording seven days if you're listening to this on Friday, which you should be So applications are open. Make sure you catch that deadline. I've got some videos from Chris Dixon there He's gonna be providing some mentorship also Jin Jin Wang from optimism some fantastic people there So yeah, go check it out become a founder David. All right, you ready for it? You said it wasn't flat tober It's not up tober is it over does that mean it's the other direction? What's the other? Yeah, the other is the bad directions the down direction. Yeah What's big kind of accelerating to the downside a little bit started the week at 27 ,900 down four and a half percent We were asking for bigger moves last week. We kind of got them 26 ,600 is where we are this week 700. Excuse me. Okay, I guess it's better than flat We wanted I don't know. I don't know if this is what I've wanted Let's give me some charts too so I can decide what I'm looking at started the week at 1630 down 5 .5 % to 1540 1540. I didn't want that. No, I didn't I mean feels good. I bought this week Did you yeah? Yeah, that's the upside actually. It's like what a fantastic buying opportunity I've got to take about that at the end and of course, we're gonna get to price predictions, but I guess it's not off October, huh? We got we got we got um, we got half the month yet to redeem ourselves, right? Yeah. It's only the 12th Right. It's only the 12th. Yeah. Well, it was tomorrow's Friday the 13th. Congrats to all the bankless listeners Who are listening to some Friday the 13th? Everyone brace yourselves. Should we do something spooky David? Eat. Oh, dude Halloween's coming up. We're gonna have to get our costumes Anymore I'm not doing it. Are you doing? The listeners love it. We got it. Do they we got I think you and I like it Last year for a bankless listeners who are new who the the five new bankless listeners that have come in the last year Up as a crypto dick, but yeah, oh dude, I'll be SPF and you'd be Caroline. Oh My god, I know what I signed up for. I already kind of have my well I haven't got my costume, but I've got my idea Really? Yeah, I've got my idea. But is this the thing where you're not gonna tell me We haven't we haven't impressed we have not told each other this has been the deal we reveal I know okay Do we do the refill at cameras off until we hit record? All right. I'm just saying this year one. I was my crypto punk now now behind me year two I was my crypto dick, but you're three if you continue the trend, it'll be an NFT perhaps perhaps Perhaps an NFT one of your NFTs my NFTs. Yeah, I think that's my rule of thumb It's like I'm gonna scan your wallet It's for some bankless listener go find date go track down David's wallet and and let's see if we can predict It's David Hoffman, Dottie Super secret location Alright, how about the ETH Bitcoin ratio? That's it's bad. It's bad point. It's bad. I've seven seven. Yeah Yeah, I was gonna ask you to give it to me straight and you just did huh? So we're down one point five percent on the week one point five percent of the week Total crypto market cap one point zero eight trillion dollars So it's not great. Come on. Yeah, we can thanks to crackin for those charts We appreciate the charts at least make them look better. Make them go You can make it look pretty but can you make them go up? Hey crackin? Can you help us with that? All right. What are we looking at? Here we go CPI that is the consumer price index inflation Reports came in for September and guess what David and it's not dead yet No inflation is still here. There's actually a little higher than most analysts expected So it's up point four percent in the month of September. So it was not flat timber It was up timber a little bit for inflation And if you if you extrapolate that yeah, I'm working the months in the show David four point eight percent annualized That's what inflation would be starting to feel like five percent. Actually, that's annualized That's if you take, you know, one point four percent multiply that by twelve months, right? But if you look at historic data We are at three point seven percent. Okay annual so no, it's not dead. You see this bump That's a bump up. Yep. It's bumped up a little bit. Okay You know, what's interesting is you and I just did a recording with Lynn Alton So we talked about so it was fantastic guys. That episode is coming out soon. Actually, I still have her book right here broken money David Anyway the contents of that book is in the episode and it's absolutely fantastic But one of her takes was what if inflation just becomes like background noise? For us, you know high background noise Well, I mean inflation is always background noise But but what you're what you mean to say is like it's the volume is increasing still background but higher I'm what I'm saying is like what if we don't go back to the 90s? What if we don't go back to the 2000s, right? What if what if now it's just a sustained like four five six seven percent spikes up maybe tiny spikes Sounds like what if it's in the background and you know Lynn's comment was that's how a lot of countries live right now I'm talking about kind of in Western developed nations right in Europe What if what if this is the new normal in Canada in Australia? What if this is the new normal in the u .s? What if this is the new normal she she mentioned she was just in Egypt 30 % annual inflation Okay, and people just live like that. And so what do you do when you're in a high inflation type of environment? Well, you tend to spend more you you might want to you might be willing to take out more cheap debt if you can find It in fiat that's nominated in fiat. You might want to hold your money in other things You know real estate in a lot of emerging countries that don't have strong capital markets like the u .s Stocks you for know, Western developed countries like the u .s. Maybe crypto Maybe you start to think a bit more short -term about your spending habits as well This is very interesting. If this is what the next decade holds for us is kind of sustained high inflation rates What do you think about this? I was talking to Mariano Conte who lives in Argentina who bought a car maybe a few years ago and he got a 20 % interest loan in Argentine peso, so he's paying 20 % interest terrible loan for for a car loan for a one -year car loan shark It's yeah, it's terrible His first pain but Mariano Conte like lives on dollars like most people who do in lieu who live in Argentina So his first his first loan payment that he had to pay to pay back The loan was most people who can I would say in Argentina live on dollars. Yes Dollars are like most everyone in Argentina. Almost everyone has a person that exchange dollars with so it's not just really Oh, yeah. No, it's the dollarization of Argentina is like very well permeated. It's not like an elite, but it's all great Martin, right? It's it's all like it's all great market and it's like so totally social culturally accepted, right? Everyone has like the guy that comes and swaps currency your dollar guy. Yeah your dollar guy. Yeah, it's not like it It's not like an elite only thing. It's just like everyone. Anyways, his first car loan payment was $1 ,200 so he converted $1 ,200 into pesos to pay his car loan and his most recent car loan Payment he told me was five hundred and eighty dollars because it only took five hundred and eighty dollars To acquire the same amount of peso that he would need to pay back his car loan inside So like when he takes like a 20 % peso 20 % interest rate loan on a one -year loan, which is a dumb loan It actually works out because it's inflating so goddamn much. It doesn't matter Do you know an elder millennial flex? It's just be like, yeah, I got a mortgage at 3 % Yeah, like that's a huge like that what a gift that was I can't get that nowadays and you know You're you're basically making money on that because inflation is higher than your interest payments So the Fed has an idea on why people are buying crypto and it's not necessarily inflation So apparently David every couple years the Fed puts out a survey on why people buy crypto they map Must be interested. I don't know. I don't know if they're worried or just Generally interested at least since 2019 First guess what percentage of Americans the Fed says owns crypto. What do you think? Well coin base said 50 million and there's like over 300 million Citizens so like yes, like what was that number like 20 % quick math 20 % percent one five kind of thing Yeah, the Fed reports less than that. Okay, so this is a survey of about 400 Americans and they say eight point one percent in their survey of Americans that own crypto Which is which is not nothing. It's not coin base numbers, but interestingly enough. This was up from one point nine percent Oh 2019 2019 one point nine percent now eight point one percent That number it's a great. It's a great like that's a great multiple, right? Little 4x for us and I think these numbers are actually 2022 numbers So, you know, although no one's really buying 20 20 Probably salad But one of the questions they asked in this survey is why do you guys why are you guys buying crypto? Why do you own crypto? All right, you want to know the number one reason why 67 % of Americans own crypto David? You want to guess what that is number go up? Yeah, it's number go up as an investment as an investment was number one with 67 % number two was curiosity about the tech was 21. I'm in it for the tech Those are the ones that are down on their bags They're dissident for the tech and then other interestingly enough was 10 % You know, what got no mentions was remittances payments for goods and services So no one using this as a payment in their in their study or number the last one most Dishardingly almost at zero because they don't trust banks. Well, duh, you don't as an American That's by crypto for remittances Well, okay, I guess if you're an American citizen and you are sending crypto abroad Then I guess I guess you are if you're like a if you have family abroad if you've recently immigrated that sort of thing You know, you know, maybe maybe you're probably doing like stable coins, I would expect yeah, but the big use case of Percent is investment is never to go up. So Anything surprising there for you David? No that that checks out. Well, I know you're in it for the tech man. So I'm in it for the means I Here's a number that's all I got at this point in the market Christ. Ooh, okay. Here's a number that is straight down It looks scary. Is this a good chart or a bad chart? We're looking at this. Oh the validator queue Okay, so this is okay now we're talking about crypto Okay, this is aetherium proof of sake validator queue, okay, so quick rock through memory lane We enabled withdrawals the supply of ether and the beacon chain went down because people withdraw and then the rate of inflows into the beacon chain like Accelerated bigly like 3x in chain. It's just people who want to state their state the proof of sake Yeah, there was like a 45 day wait queue to get into The beacon chain to stake their ETH a while ago We have finally approached an equilibrium that acceleration of people Depositing into proof of stake has finally started to come down and so it's currently less than 24 hours to deposit your ETH into the beacon chain staking contract and get your ether staking and so this is this is we this inevitably was going to This was never going to be up only of course, like, you know, not all ether is going to stake And so we are have found the equilibrium that equilibrium is around 27 .3 million staked ether that's 22 .7 % which is about the 20 to 30 percent range that we predicted So about three point five percent APR is about what the market wants And if that goes down then people won't want it anymore and that this is the equilibrium that we have finally arrived at cool It is cool a bullish bearish. I don't know straight neutral as a staker I was um, you know wanting to keep that number above three percent, right? Certainly, right? So I didn't want the queue to stay full and the demand to be kind of perpetual Yes, and so as a state you are not to see that number good. You are not alone Everyone else should unstake please I think it one reason what you know, why was it? Why did it get so high because 45 days is pretty high, right? All these people want to get in the in the beacon chain club and stake their ETH I think it was really because once withdrawals went through post Shanghai people just saw like lower risk I mean, maybe I'm extrapolating but that was true for me. I was like, okay. It was so obvious I was arguing with Bitcoin maxis around like as soon as withdrawals are enabled a theorem is gonna collapse because everyone's gonna unstake I'm like, you're an idiot. That's not how you do. Why do that to yourself, David? Why do you still argue with Bitcoin maxis, huh? People are wrong on the internet Ryan. Oh, okay. You can't sleep Yeah, can't sleep. Someone's wrong on the internet Token terminal speaking of Bitcoin You want to get you all your all your angry takes out about Bitcoin friend tech just surpassed Bitcoin in the 30 -day Fees, okay friend tech is making more money Selling each other as friends friend shares. Sorry, they don't call them that friends keys friend keys Then Bitcoin is making selling block space. That's what this means. That's a little rich bearish So not even a layer one app on a theorem a layer two app is making more money than Bitcoin is Yeah, Sam. I'm paying ether very little for security because it's on layer two friend tech revenue 28 million Bitcoin revenue 26 million over the last 30 days eth revenue 90 million Tron revenue 87 million the Tron revenue is actually such a dark horse Turns out Tron has very similar economics to aetherium and it's it's super duper used for payments And it's it you should be you should be careful saying Tron. Okay, because That old Justin Sun guy is kind of litigious. So you should be careful what you say about him We're gonna open up the store. Okay, can you can you open up the article then if we're gonna open up this article the Okay, Bankless released a Tron bull versus bear case Inspired by I think for me it was inspired. I didn't write it. It was inspired by Paul Enya's Article about the economics of Tron and how they're like their mimics ether and they're kind of bullish. And so we published this article Jack wrote a great great article wrote the bear case and then the bull case and so there was a When talking about the bull case for Tron is already super dubious. Why is it dubious? Well, cuz the founder Justin Sun I in my opinion is a morally bankrupt character And we alluded, you know, I is this my opinion It's my opinion and you could say that we just the article gave that disclaimer is like hey the bear case for Tron Is that you know, Justin Sun is dubious. He's there's allegations of fraud and then The author and the newsletter editor of Bankless got pulled into a telegram group with Justin Sun's lawyers for Tron and They submitted a cease -and -desist We're talking shit and they threatened legal action Against Bankless for publishing by the way, this wasn't just the bear case It was the the bear case and the bull because we just actually said there is kind of a weird bull case about Tron Which is that it's generating a lot of fees and it's burning those transactions Okay, it's completely centralized. It's completely part of the Justin some Sun Empire, but it is actually producing revenue number two behind a theorem yeah, and we got sent this cease -and -desist from Tron and We talked to our lawyers Here's what they say wild Assertations like Tron's primary function is to enrich its insiders and participating in the zero -sum game is a mistake that you will invariably Regret Yeah, if you want to live on a chain rot with fraud and deception then Tron might just be the one for you God, I'm so proud. That's what that's what that's what that's Jack put in the post But but yeah, the Lord Tron's lawyers disputed that they didn't like that. They sent us a cease -and -desist We talked to our lawyers and they said you look you got First Amendment, right? You get to say whatever you want Yeah, yeah, but do you really want to get in a pissing match with Justin Sun? We said, yeah We already shipped the newsletter so we'll just strip that from yeah So we have stripped it from the record because I don't want to go up against a billionaire who's gotten way more money than me Unless he's gonna be a total bully and then right like and then we might talk about it on the podcast. Yeah Just our opinions It's just my opinion Not anyone else's that Justin Sun is morally bankrupt and probably so are the lawyers who work for him There you go. Just an opinion just an opinion Okay, so back to the fees though We're talking about Bitcoin fees 30 days. I mean, I don't know David the quick take is I don't think this is great for Bitcoin and You know, we've said this for a long time since 2019 when it was a lot less possibly popular to talk about the sustainability or the lack of sustainability of bitcoins right monetary schedule and model and You know, it's it's starting to pop up again, it's really bad I'm looking at the graph that you have on the screen Which is just the token terminal like graph of who's making money a theory number one Tron number two bullish Lido number three friend taking before Bitcoin you know swap Where's Solana? There's 25 apps on here. No Solana doesn't make money do not not that not the traditional way It doesn't even make the top 25 and fees So it doesn't doesn't doesn't but you know everyone values the bull case for Solana is fees That's what they say. They make it up in volume. Like I think I think I actually make a volume I think the bull case for Solana is a fees but MEV it's sound you got to sell the block ordering at some point I maybe it's gonna be less the user fees. Yeah, it's MEV extraction for sure. Not our rent extractors their rent extractors Hey semantics You know what there we promised the last thing here is guys private warfare coming out Price predictions though. Okay. Okay. So this was a price prediction from Standard Chartered Bank Don't know who's gonna charter my favorite bank that your favorite bank. Yeah. Uh -huh. Okay. Well, they're analyzing ether and according their analysts ether could reach $8 ,000 by the end of 2026 okay, so but that's not their top side the top side at the end of the journey The long -term range is twenty six thousand to thirty five thousand. Okay. All right now we're talking Yep, and I don't know what timeline that is, but that's it's like in the fullness ten years out It sounds like yeah, something like this final Yeah, the equilibrium so I don't know what like backs their analysts But I know David you have some takes on the price of youth If you don't at this point in the episode when I teased you just like 15 minutes ago To get your take ready because I'm gonna ask you what do you think the top is for this bull cycle for ether? What's the top call? Give me a number call the top for the next cycle. I mean my gut my heart says 15k Okay, okay. So we had 10k was the mean price last bull market and we got to Four thousand eight hundred which in logarithmic terms actually isn't terribly far off from that But you know still a 2x or away from the top so increasing last cycles call from 10k to 15k I think is appropriate so And what what do you think are you willing to time box that you know, are we talking 20 24 25 26? longer Assuming four -year cycles play out then yeah end of 26 by the end of 26 What year is it? 23 15k by 20 soon. That's what you're saying 15k in two years who is starting to get real specific That's making me a little scared. There you go Those are some specific numbers in times which I am just pulling from my absolute. You know what? I don't know I mean, you know, that's only double what standard chartered bank said. So yeah company here All right. Well, wait, wait, what's your number? You say you want to know my number? Yeah I was gonna go twelve thousand five hundred. Okay. Okay, but in honor of Friday the 13th 13 ,000 13 ,000 This is me saying that's the top. That's the eve price top for next cycle 13 ,000 I'm just a little bit under 15 ,000. My rationale is we're looking at it like I was like David's too bullish Yeah rational My is take anything David says and then discount it by 20 % because that's that's what we do in this podcast Anyway, those are our numbers those are our numbers David what we have coming up in the episode kind of next SPF trial week To Gary Wang we got to talk about him because he was last week But we didn't cover him because he was on Friday Caroline Ellison this week kind of a climactic cinematic moment in the trial There's a lot to cover including Ryan don't forget about the Thai prostitutes got to talk about them Wow, you're weirdly excited about that part. I don't know Also crypto is playing a role in the story of the Israel Hamas conflict So we'll discuss the details there And of course, there's always just gonna be the regular old news of the week some new chains coming to polygon Remember ape coin now ape chains We'll talk about that far casters going permissionless all this stuff and more but first I'm going to talk about these fantastic sponsors that make this show possible Especially kraken our preferred exchange for crypto in 2023 if you're not having account with kraken and consider clicking the link in the show notes to get started with kraken today Kraken pro has easily become the best crypto trading platform in the industry the place I used to check the charts and the crypto prices even when I'm not looking to place a trade on kraken pro You'll have access to advanced charting tools real -time market data and lightning -fast trade execution all inside their spiffy new modular interface Kraken's new customizable modular layout lets you tailor your trading experience to suit your needs pick and choose your favorite Modules and place them anywhere you want in your screen with kraken pro You have that power whether you are a seasoned pro or just starting out join thousands of traders who trust kraken pro for their crypto Trading needs visit pro .kraken .com to get started today Arbitrum is accelerating the web 3 landscape with a suite of secure Ethereum scaling solutions hundreds of projects have already deployed on arbitrum 1 with flourishing DeFi and NFT ecosystems Arbitrum Nova is quickly becoming a web 3 gaming hub and social dapps like reddit are also calling arbitrum home and now Arbitrum orbit allows you to use arbitrum secure scaling technology to build your own layer 3 giving you access to interoperable Customizable permissions with dedicated throughput whether you are a developer enterprise or user arbitrum orbit lets you take your project to new heights All of these technologies leverage the security and decentralization of aetherium and provide a builder experience That's intuitive familiar and fully EVM compatible faster transaction speeds and significantly lower gas fees So visit arbitrum .io where you can join the community dive into the developer docs bridge your assets and start building your first app with arbitrum Experience web 3 development the way it was always meant to be secure fast cheap and friction -free Here it is SBF trial.
A highlight from TBGP #416 Disney Preys on EA | PlayStation 5 Slim | Doom Mongering | Last of Us 2 Remaster Value
"What's up everybody? This is Carrick with ACG and I'm here with Abzi doing Radio Free Carrick. We're going to talk all about cyberpunk Radio Free Carrick. It's going to be an entire just a cyberpunk podcast. That's it. Nothing else. Oh shit. We're going to talk about cyberpunk 2 .0. That's it. Yeah, nothing else. I'm switching 120 million. Where did that money go? I've decided at this point to switch the entire channel from reviews to nothing but cyberpunk channel. Yeah, just talk. Even the background cyberpunk. Oh dude. Yeah. And then get sued instantly. I actually worried a little bit about putting Disney on our thumbnail because I was like, does Disney come after thumbnails? Like I don't, I don't know if they do, but if anybody would come after thumbnails, it would be Disney. Did you watch the anime? Edge Runners? Oh yeah. It's pretty good. Depressing, but it's very good. Anime has, anime likes to have the adult learning moment where like shit goes bad. I remember as a kid I was watching transformers and it was always like, Optimus will save us. And he fucking comes back from the dead. And then I watched Akira and people were blowing up into tomato soup and I was all what a good movie though. Yeah. But when you come from a 1980s like Hanna -Barbera or whatever, you come from those illusionaries, magical might, and then the kid's head just goes boom. Existentialism. Yeah. Yeah. It was crazy, man. I was not prepared. That movie is like the godfather of everything cyberpunk. It is. It is. Yeah. Yeah. And it was cool because Robotech became big in America, which was technically not Robotech. It was Macross that was rewritten and like dubbed over to make a cartoon that was edible to Americans. Once Robotech became big transformers and the eighties cartoons became big and we didn't jump to anything like what you're talking about. Like Akira. That was you had to go to the Japanese section of the VCR rental box. Oh shit. Yeah. Yeah. You would go there and you'd be like, okay, I want I want this bro. Well now right. But back then back then there wasn't no spring Netflix Amazon. Which one dude back then dude, I was like, yeah, with my little room. Oh, by the way, we had a TV that was so old that when you change channels, the the analog switch and it would get bad. So you would sometimes have your friend hold it between like channel four and five. So you could watch channel four because if you let it go, it'd go thunk and it go to five, which was yeah, that's how bad it was back in the day. Like you guys, you guys got lucky back in my day. What are we talking about in chat? What about John Riccitello getting fired? We'll talk about that not getting fired. Being told what what is it? We wish him luck, but he's still on the board. So he's certainly I don't know what's going on with John Riccitello because was he who is the the unity unity? Yeah. CEO. Yeah. Do you think it was like a board decision because of what happened? Probably. But okay, so here's the thing with Jim Ryan and I'll just ask you, I mean, I'm sure you've been at companies where they're like, we just want to wish him well and you're like, no, you don't. Oh, yeah, yeah, yeah, yeah. That guy's like you're required, you know, or not required. We we advise you to retire or whatever. So my question to you is if these guys are staying on boards, both of them, Jim Ryan stay until March. So he's certainly not fired. And then and then he's retiring. It sounds like like he's a little like Shawn Layden where they're just like, we're gone. I don't know what it is with Sony CEOs. But Jack Trenton, I believe, also just was like, we're out. And he just left Amy, you know? Yeah. Like, what do you think about that? Do you think that that stays on the board? I mean, the word is a separate thing, right? Like if the CEO has like the manager, like the more hands on. Oh, for sure. Yeah, where he answers to the board. So I'm guessing he just withdrew from that from the CEO position, but still has decisions in the board. Or is he just like not attending board? No, he's and he's also I think I could be wrong on this part, but I think he's also a consultant of some kind. So it's like, he's not he's not gone. I don't know. I don't know. You know how it is when companies say we wish him well. You're usually like, yeah, that guy's, you know, imagine like having consulting services from someone who royally fucked up that hard and like the biggest, biggest fuck up in gaming history. No.
Rob Malley Purposely Funneled Money to Iran, Financing the Savage
"Got a nuance, you know, folks nuance. So Rob Malley, who is a savage supporter, is a quote from a former State Department official under Pompeo. Rob Malley's negotiating team, quote, purposefully funneled billions of dollars to Iran through a lack of sanctions enforcement provisions and of sanctioned relief that has given Iran somewhere between 50 and 80 billion over the last two and a half years. Whoa. So I thought we're talking about six billion. Now we're talking 50 to 80 billion. Now, listen, you guys have been very generous. Life's been good to me. I ain't a billionaire. I ain't close anywhere to a billionaire. A million dollars is still a lot of money for me. Eighty billion dollars? You can finance a whole lot of beheadings and female captive rapes and stuff like that with 80 billion dollars. Eighty billion. Throw a bunch of your infidels in back the of the truck and rape them and murder them and drag them by the hair. Eighty billion dollars pays for a lot of that, don't it? Finance a whole army on 80 billion dollars. Who gave that to them? Oh, we did. Why did we not freeze the money? Because we didn't want to. This is your government. Your government is financing the savage. You understand that? The same government targeting you for going to a school board meeting? The same government targeting you for showing a Latin Mass? The same government targeting you if you were at the Stop the Steal rally? the same government targeting you if you're a MAGA supporter? The same The government targeting you if your name is Donald Trump and you decide to run for president? That same government is paying off fifty to eighty billion dollars whether through third parties, themselves, vendors. Eighty billion dollars to a country that just financed one of the most
A highlight from CXPA Marks CX Day, A Global CX Celebration, Podcast
"This is Doug Green, and I'm the publisher of Telecom Reseller. And I'm very pleased to have with us today, Graham Clark of Amcor CX. Graham, thank you for joining me today. Hey, it's great, Doug. Good to be here. And we also have with us Patty Soltis of Upwork and also of the Florida Network and CXPA. Patty, thank you for joining us. Thank you for having me. I'm delighted to be here. And we have with us once again our friend, Mark Daly, who's helped us with many different things, been involved in many projects and also a co -host at the MSP Expo. Mark, thank you for joining us this afternoon. Always a pleasure, Doug. Great to be here. Well, you know, we were just talking about before the podcast began about this is sort of a pleasure to talk about a fresh topic, at least fresh in the last few weeks. The topic of CX and how, you know, this is such an important issue, actually, for so many of our readers, even if day to day, that's not always the central part of their day job or their mission or what they're thinking about and so on. So we're going to be diving into that. We're going to be talking about CX. We're going to be talking about something called CX day and something called CXPA. But, you know, agreement, Patty, let's first just take a look at what CX means. What do we really mean when we're talking about CX? I would take that, Patty. I would say that. Yeah, I'll take that one. Customer experience, when we talk about that, that's every experience and interaction that a customer has with an organization. It starts from when the customer first realizes or has the awareness of some kind of need or want and goes through that entire cycle, like everything in between, coming out on the other end where hopefully the customers ending up in an advocacy state. It's everything that flows through all of those pieces. It's funny because a lot of people will typecast customer experiences, customer service, or typecast it as the user experience. It's that and everything more. It's the marketing that happens. It's the technology that they use as they go through this. It's the digital contact that they have. It's literally every interaction that that customer has with the organization as they go through that whole customer journey with it. And the thing I always like to add in when I talk about customer experience is the importance that customer experience can have to an organization. Because when an organization is strong in customer experience and they understand how important that customer is to them, they end up with just much better financial results. And the other thing that always gets me about this is when somebody asks me, why is customer experience important? I always want to say to them, because your business can't exist without a customer. Without customers, you don't have revenue. Without revenue, you don't have a business. So it makes perfectly good sense to pay attention to the customer. And it's kind of interesting that it's so obvious and yet, you know, it's, I like what you're saying that you're basically telling me, because it's ubiquitous inside the company, it needs to be ubiquitous and everyone's job inside the company. It sounds like everybody should be thinking about how their work inside a firm or an organization impacts CX. Yeah, that's really true. I've actually seen some other podcasts and speaking engagements and things like that where people, we've played the game where give me a job and I'll tell you how it's connected to CX. Because there is literally every role inside an organization on that customer experience. And that's, you know, some of it's direct, some of it's indirect. Some of it is in how a product is designed. Some of it is in how feedback is taken in. Some of it is in what kind of setting does someone work in. But there is a way to connect every single part and every single person in an organization back to the customer experience. Now, with that said, what is CXPA? Maybe I'll take that. So CXPA is the CX professionals organization. So in addition to customer experience, which Paddy defined, right, which is the customer's perception of how they relate to an organization. There's a thing called CX and CX is or CX management is kind of the discipline. So about 20 years or so. Some people started to put kind of methods and practices around how do you make this CX thing work. And then, of course, 2008, Apple changed the world with the launch of the iPhone and real mobile became a thing and smart apps and social media, I mean, all that stuff. Right. So so CXPA is the global professional organization that sits at the heart is think of us as the IEEE of the CX movement. And so CXPA is an organization that exists globally. We own the most important CX professional certification, the CXP, which Paddy and I are both CXP certified. That's the CX, CXB, what does CXB stand for? Certified customer experience professional. Yes, they get one of those. But it is the most widespread and recognized customer experience certification in the world. And so CXPA's role is to be the gathering place for information, networking, meeting other like minded professionals. We like to say that the CX world is like a cult or religion. And if you believe, you believe. And as Paddy said, you know, fundamentally, companies survive unhappy customers and we all have customer experiences that we rave about. We're raving fans of people. I mean, I'm a raving Amazon fan and Amex is a big fandom of mine in the sense of they're one of my brands. And then we all have customer experiences. We tell our friends about it on the other side, like dealing with our media company about a trouble problem. Or you mentioned this was coming out at the same time as the MGM hack and all the misery that people went through somewhat at the part of the company, somewhat not the company's ability. But people will talk about what happened on their once in a lifetime vacation to Vegas. Right. For a long time to come. And so how do companies recover from that? So CXPA is just the gathering place, the professional association that sits at the heart. We sometimes call it the heartbeat of the CX movement on a global basis. Graham, you actually have CX in the name of the company M -Corp CX. We do. So M -Corp CX is we are a boutique CX consulting company. We were we were founded at what's generally recognized as the birth of the modern CX movement, which is 2002. CX has two birthdays like the king of England or queen of England, king of England now. One is around 1968 when a bunch of crazy marketing people came up with a thing called C -SAT for the American automotive industry. Right. They were called J .D. Power. And that worked very well until a guy by the name of Fred Reichheld in Bain decided C -SAT wasn't a good enough score. And he came up with a thing called net promoter score that people might have heard of thrown around. And Bain created a piece of software, floated that company out as a company called Satmetrics in 2002. And the two other big technology players in the movement, Qualtrics and Medallia were formed at the same time. And then that date is kind of one of those change dates where the last 20 years have been the movement. So in the last five, six, seven years, where every technology company, integrator, agency, BPO consulting company have formed a CX practice. And every company has realized this is a foundational thing that impacts their long term success. You know, most of those companies got into the business the old fashioned way by buying something like us. So in North America, we're the last of the companies. We're about 40 people strong. And so we have been we've been a core part of this of this journey for the last 21 years. And it's certainly an honor to be to be still here fighting the good fight with, for example, a company up there in the northwest where you're from. Microsoft is one of our biggest clients helping Satya Nadella move that company from a product obsession to a customer obsession. Intel, which has a big operation of Portland, we were talking about similarly big client, a lot of pharmaceutical clients, life sciences clients, financial services clients. So we're so it's what we do. We're not just a practice attached to another consulting company who will leave the CX movement the day it becomes not quite so popular. That's the reason and rationale that we exist and all we do. Patty, could you connect the dots for us between Upwork and also the work you do on CX and for CXPA? Sure. So just in case people don't know, Upwork is an online platform at the tech company. And what we do is we match organizations with freelancers. So we are a global organization. We have clients and we have freelancers literally all over the world. What we do inside the organization is we really work on what kind of experience are we providing to our clients and to our freelancers? And this gets connected on many, many levels. There's the the analytics group, there's the product marketing group, there's the user experience and user experience research group. Then there's the customer experience division. And we all co -mingle with each other, taking a look to see what can we do to improve that? The interesting thing is that when successful organizations are working inside a customer experience, what they do is they connect what's happening in that customer experience world and they connect it back to financial metrics. So one of the big things that we do is we take a go in and take a look at what is happening with churn and retention inside the organization. And we will take a look at that piece. Then we'll go in and take a look at what it is the customer saying, what it is that they need. It's called voice of the customer. And we will co -mingle all of that data to come together. And then we can go back to the organization and say, if the platform can do A, B and C, we think retention can improve by X and that will ultimately overall improve our profitability by this much money. So that's really what we do inside the organization. CXPA has been really good. CX has been around for, as Graham said, about 20 years now, but it's still very much a growing field. You look at how long other parts of organizations have been around, things like finance, things like HR, things like marketing, innovation. Those kind of areas have been around a lot longer than the CX division. So the CXPA really comes into pretty much our organization and every organization. And one of the big things they offer is professional development for us. And they offer that through a variety of different things. There's a really great mentor mentee program inside of the CXPA. There's a lot of webinars that are offered. There's the local networks that are out there for people to mix and mingle. And there's an annual event that the CXPA does. So there's a wide variety of different things that organizations can become involved with, inside the CXPA to help that development grow and to really help use CX as a tool to drive the organization. So Mark, you have had a front row seat for a long time in sort of both worlds, in the technology world and the CX world in large and small companies. You've with worked firms to try to organize both sides of that house to work together better and to have better outcomes. So what can you tell us about what this all looks like from the point of view, especially of the IT people that we reach? Sure, I appreciate that, Doug. Yeah, so I've got a technical background, former engineer, but also former sales manager, professional services consultant, that type of world. And one of the reasons why we're here today is I met these folks at the Florida CXPA and was very intrigued because customer experience to me has been around a long time. And using technology and doing it the right way gives that great experience to keep that customer for a long time. And we used to call it the lifetime value of a customer. And if you work with big, bold and old companies like I have in my career, some of the larger ones, they look at generational value of a customer. So not only did I capture you as a client and a customer, I'm now focused on your children as a customer. So I've been with the same insurance company for 40 years. My three children use the same insurance company as I do. And so it was a natural transition. Not all companies have that culture of CX. And so when I saw the advertisement on LinkedIn for Florida CX having a local meeting, I jumped on board and I was fortunate enough to that white paper that I did on AI last February, that was read by several people. So these kind folks asked me to present on AI and really around the customer support, autonomous support using AI. And we just did that a couple of weeks ago. And so I'm very much a big proponent of what they're doing. There's a CX day globally that's happening. I think it's on Tuesday, October 3rd. And these are the reasons why I want to introduce you to these guys, because it's all about the customer. And I learned that early on in my career. And they're the ones that pay you. Your managers come and go. It's about the customer. So I was at the point one time in my career, we used to use a secret shopper and we would call up an agent, not to try to trick them to try to get valid answers, but record the conversation. And then sometimes it was a horrible conversation. They just were not prepared correctly enough. But then I would play that for an executive in the company and I would say, OK, this is how your current state. Imagine technology. This is what it would be like using technology and IVR, for example. And there's a lot of different ways to use technology. And I mentioned AI a moment ago, but there's a lot of different ways to use technology to enhance the customer experience. And that's what I'm all about. So I'll turn it back to you. Thank you for inviting me. No, no. You know, this is the type of thing that I'm hoping to facilitate with this podcast that to connect. They're not necessarily separate worlds, but I think in large companies, they're often separate divisions, people reporting to separate organizations and getting it to work together. Patty made a marvelous point about it being really every or every person in the organization from the newest hire all the way up to the CEO. You know, whether you're washing the windows or or, you know, running the accounting or whatever you're doing, even if it's not customer facing, you're facing the customer. It seems to me, so, you know, so with that said, you know, I want to hear, you know, from from you guys, you know, we have we have a large community of carriers and companies out there that serve certain types of customers. The relationship has always been very stable, but it hasn't been poor. But they're now having to make a transition to probably a more customer facing, more active role in talking to their customer and new technologies, new things, introducing new connectivity and so on. And maybe you guys could tell me a little bit about how do you make that transition to to making sure CX remains there as you roll out, roll out the new technologies and the new products? That's a really interesting question, Doug, because a lot of people for a lot of people, it's a shiny object when a new technology of some sort comes along. And the most important thing that an organization can do is look at what is their strategy and how does the technology fit into their strategy? And the unfortunate part is that what most organizations do is they do it the other way around. There's something out there. It's a new, bright, shiny object and everybody wants to have it. But how does it fit inside the organization? And it's really important for organizations to be aware of what customer experience can do for them. I read a study recently and it said that 80 percent of customers will stay with an organization when they have a good customer experience. Eighty six percent of customers will leave an organization after one poor experience. There's a lot at risk there. I loved listening to Mark talk about the 40 years that he's been with his insurance company and now his children are part of. And that's what organizations should be striving for. It's a pretty well -known number. It costs five times more to acquire a customer than it does to keep a customer. So for an organization to be able to do what Mark's insurance company has done, that's really pretty valuable to an organization. So when you're looking at those technology pieces and you're considering how are you going to leverage A .I., how are you going to really make that part of your organization? You have to look at how does it fit in your company's strategy? How does it fit in how you're going to acquire and retain customers and really drive that customer experience? That's a slightly different spin on that, which I agree with everything you said. So thinking about, you know, the telecom reseller audience. Right. I mean, I come out of that world. Here's working with cable and wireless AT &T. I built I built a telecom reseller, which was a partner with AT &T and SBC and Verizon and Cisco and a boatload of other people supporting small businesses. And so thinking about it from a company in that market, bringing bringing new technology to market rather than inside. So the absolute foundational essence of customer experience is to understand your customer. And one of the biggest challenges that organizations that we work with from from tiny companies, like I mentioned, Guadalupe Valley Telecommunications down in southern Texas, amazing organization, very much a rural telecommunication provider to huge companies that we work with is how they manage. Customer change and customer expectation change. So one of the biggest challenges a lot of companies have got, Mark, you mentioned being with the same insurance carrier for 40 years. When you turn that on the insurance company, one of the things a lot of companies struggle with is that their customers changed in those 40 years. I mean, look at demographic shifts in the United States. Right. We're eight to 10 years away from being a non -primarily white nation. Right. Those things matter when you're a company trying to do business. So understanding the changing expectations of your customers that one day after Apple makes their new iPhone announcement a few weeks ago, everybody's running in going, why can't you do this? Amazon does this. Everybody's like, why can't you do this? And so and you're, you know, Gen Z is acting differently to your baby boomers. So customer personas, customer segments are becoming much more segmented. And you need to think about how do you deliver that magical, personalized experience to that customer as they change. An example of one of our clients over the years who's a retailer that I won't mention because they let us is one of the things they saw happening was the aging of the population. So they sell a lot of electronics products. And so they realized that their customers who used to be, you know, 30 year old, mostly nifty guys to be brutal about it 30 years ago. Right. Who were into the tech stuff are now 60. Right. And they're trying to figure out what to do with their smart TV that's on the wall that they have integrated with FaceTime on their Apple iPhone so they could talk to their grandkids on the other side of the country. And it don't work. Right. And so how do you service that? So I think understanding how your customers are changing, how their expectations are changing and how do you bring all the components to the table to serve that and then really getting into the telecom world. Right. Some of these things are foundational. Companies are focused on the nifty self -service chatbot leveraging chat, GPT, whatever other words you can come out of. Guess what happens when the phones don't work? When the customer can't get through, when the hold time is inadequate. Right. When the IVR scripting in a medical business takes you through nine options before they say, by the way, if you're having an emergency dial 911 as the seventh or eighth or ninth option as opposed to the first one. Right. So so things like, you know, voice and even the other types of telecom interaction and the connectivity and the service and quality of service are absolutely foundational to a company even having a hope of doing all these more esoteric things. And so smart companies recognize how their customers are changing, recognize what their customers want, including things like different languages of service. Right. We have a bank that basically 25 percent of their calls are now answered in non -English languages. Portuguese for Brazilians, Russians for Russians, Spanish. Right. And Indian, I mean, in Hindi for us, they have to service customers because that's what their customers want. So I think starting with the who is the customer? What does the customer want? How's that changing? And then how do you use what you have as a company in order to connect with those customers as they change and drive those segments is really the essence. And that is not easy to do, but it is straightforward and it is basic and it is, you know, eat your vegetables, exercise, don't drink too much, don't smoke. Right. And you will live a relatively long and hopefully relatively happy life. And I think CX is a lot like that. Telecom means everything to us. We can't exist without it. Good point. It's all digital. Everything's digital. It's all bonding together.
A highlight from Congressman Warren Davidson Interview - Crypto Regulations, SEC Gary Gensler Hearing & Subpoena, Bill Hinman Ethereum, CBDCs
"Oh yeah, I mean, I think book Gensler should have been subpoenaed already. I mean, I think the amount of patients that chairman McHenry shown, I mean, maybe that's why he's the chairman. He's like more patient study, kind of working it more diplomatic. Like, yeah, I think the subpoena was due like in February. This content is brought to you by link to which makes private equity investment easy. Link to is a great platform that allows you to get equity in companies before they go public, before they do an IPO within their portfolio includes crypto companies, AI companies, and FinTech companies, some of the crypto companies you may recognize include circle ripple chain, analysis, ledger, dapper labs, and many more, if you'd like to learn more about link to please visit the link in the description. Welcome back to the thinking crypto podcast, your home for cryptocurrency news and interviews with me today is Congressman Warren Davidson, who's a Republican out of Ohio, Congressman Davidson. It's great to have you on. Yeah. It's an honor to join you. Thanks. Yeah. Congressman Davidson, I've followed you for years and all the great work you've done with legislation around crypto. I think you were boy was maybe the first, if I, as far as I remember going back to the token taxonomy days and things like that. Uh, but before we get to all that, you know, tell us about yourself, where you're from and where'd you grow up. Yeah. So I grew up in Ohio, um, a little North of where I live now. So, um, graduated high school in the eighties, 88 listed in the army and, uh, got sent over to Germany when the wall Berlin wall was up, you know, the cold war was there and there, uh, wall separating the East and the West went through East Berlin and got to be there when that came down. And, uh, I'll just say like the people on the other side, weren't looking for more government. They were looking for more freedom and it was definitely a life -defining experience. Uh, from there, I got to go to West point, which, so that's not the normal way you go to West point, but, uh, it worked for me and, uh, graduated, went back into the infantry, served in range of regiment, 101st airborne division, uh, the old guard, you know, so some great units, but ultimately decided I needed to get out and go into a business. So my wife and I, and two little kids at that point in time, moved back to Ohio and, uh, started manufacturing companies, went to Notre Dame, got an MBA, and we basically had a little group of manufacturing companies. And that was what I was doing. And John Boehner resigned as speaker of the house. And a couple friends stopped in and said, Hey, you know, who are you going to back in the race? And I said, Hey, you know, you guys are the political people. And they cracked really a joke. They go, you know, it'd be great if there was an army ranger business guy in the race. So we just laughed and I went home and told my wife about my day. And she said, well, what'd you tell them? Like, well, we just laughed. Cause it's crazy. And she said, no, it's not. You'd be great at that. Well, here I am. So that's been like, you know, gosh, over seven years ago now. So it says it's pretty crazy. So in Congress, I got here and very few people knew much, very few elected office holders knew much about crypto. And I was new on the financial services committee and, uh, you know, kind of started that kind of army ranger business guy, the business guy, financial services also on foreign affairs. And, you know, that's, it's been a, it's been an interesting time to be in politics. Right. Oh yeah. Uh, well first thank you for your service. And, uh, it sounds like that wasn't, uh, just an incredible experience you had with the Berlin wall and so forth and being over there. Um, that must've been something, uh, life -changing it sounds like. Oh yeah. And look, I mean, the military offers a great opportunity for so many people. I mean, it's not a perfect fit for everybody for me. I just love that I got to be a part of it and it turned out phenomenally well for me, but it really is, uh, a great, a great thing to do and, you know, a lot of phenomenal people they'd go in and give a portion of their lives in service. And then unfortunately for frankly, some of my friends and others, they give their full life, um, you know, lost in combat or occasionally a training accident or something, but, you know, it's a serious commitment, but it is really cool that I had the chance to do it. Wow. Um, so let's talk about, uh, some of the work you've done in the crypto legislation front, because I remember as far as I can remember, uh, I, the token taxonomy act being maybe the first crypto legislation, and you can correct me if I'm wrong there, but, um, you know, tell us about the history of the different bills and things you've worked on. Yeah. So when I first got to the committee, you know, it was January of 2017 and, you know, you remember 2017 was like the ICO market people like, oh, you know, I could just write a white paper and kind of skip everything. And there were really good use cases, people trying to do things honestly. And then unfortunately there were just some outright pump and dump scams where people were being taken advantage of. And I'm like, where's the sec. You should be cracking down on these scammers and, uh, you know, they weren't really, you know, reacting well. They didn't really know who was going to do what. So there was this void and, you know, I was trying to get hearings on this subject and you, as the new guy, you don't get to choose which hearing. So this goes all the way into 2018. And, uh, we really couldn't get focused as a committee on the issue. Uh, so I was like, well, I can at least have a meeting. I mean, we won't be able to call it a hearing, so we'll have a meeting. And we did this thing at the library of Congress and it started out with a goal of getting about a dozen people together. And by the end, we had to cap it at 50 and like, people were like, oh, I want to send my CEO and I want to send my general counsel on, you know, we had some of the biggest names in, in, uh, not just crypto, but, you know, venture capital, you know, the New York stock exchange fidelity state street, I mean, you name it, any Andreessen Horowitz, you name it, the big players, we also are like, look, we got to have some startup companies and some founders that no one's ever even heard of some of those kind of knowing that still is heard of. They kind of went away. Uh, but a lot of them have really turned into some of the biggest names in crypto over time. And it was just an interesting conversation. So the goal was this listening to everybody and say, well, how, if we're looking at a tree, how far up can we go before everybody's interest starts diverging and branching out in a different way? And we want to kind of go up to that first level of branches and say, this is the consensus. If you solve these things, uh, you could provide a really difference making piece of legislation. So that was the token taxonomy act. Darren Soto, a Democrat from Florida, and I led the bill and man, think how different crypto would be if we had passed that bill in like 2018.
A highlight from 1410: Bitcoin Will Hit $10,000,000 Per Coin - Binance CEO CZ
"In today's show, I'll be breaking down the latest technical analysis. And also I'm going to be sharing with you a 48 ,700 Bitcoin price target, pre halving according to a top analyst. Also did you know it was exactly six years ago today, China tried and failed to ban Bitcoin for the second time and ever since the Bitcoin price action is up 600 % and the mining hash rate is back at all time highs. Also quitting Max Kaiser, Bukele has restored the human rights to 7 million Salvadorians that have been taken away by murderous runts, the British and American state, a 93 % approval rating tells the story of the most popular leader in the world. And now Bukele -nomics is being copied around the world as a blueprint for freedom and justice preach. Also in today's show, Mt. Gox repayments delayed yet again. Creditors are waiting on Bitcoin, Bitcoin cash and Yen payments until next year in 2024. We'll also be discussing, according to this latest report, Coinbase currently holds 5 % of the entire Bitcoin supply in existence. That's right. While Coinbase holds 25 billion in BTC, the exchange only owns around 200 million in Bitcoin and its wallets. We'll also be discussing the catalyst, which will catapult the Bitcoin price action. According to skybridge capitals, Anthony Scaramucci will also be discussing the latest with the Binance CEO CZ setting the record straight on $250 million loan claims. That's right. The US court had recently denied an inspection plea by the SEC. I'll be breaking down this latest FUD and speaking of CZ, the Binance CEO predicts the Bitcoin price will reach $10 million per coin. In fact, a couple of years back in an interview, he said, if all of the major institutions allocate 1 % Bitcoin, we're going to see 1000 X or more growth of the Bitcoin price. And if you run the math, 1000 times today's price action is 26 to $27 million per BTC. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo what's good crypto fam. This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at crypto news alerts .net. Again, that's crypto news alerts .net and welcome everyone just joining us. This is podcast episode number 1410. I'm your host JV and today is September 23rd, 2023. So welcome to another sat stacking Saturday. Let's kick it off with our market watch as we do here each and every day, seven days a week. We can see Bitcoin back in the green trading above 26 .6 and we also have ether back in the green trading at roughly $1 ,600. The market cap is sitting at 1 .06 trillion with roughly 17 billion in volume. In the past 24 hours, we've got Bitcoin dominance at 49 .1 % and the ether dominance at 18 .2 % as Bitcoin continues outpacing Ethereum and checking out the top 100 crypto gainers of the past 24 hours, we've got theta lead in the pack up 7 % trading just under 64 cents followed by rocket pool up 4 % trading at $21 .63, followed by chain link up 4 % trading at $7 .18 and checking out the top 100 crypto gainers of the past week, we have WeMix leading this pack up 15%. We have PLS up 8 .2 % and XRD up 11, I mean 7 .4 % and checking out the crypto greed and fear index, we're currently rated a 47, which is neutral. Yesterday was a 43 in fear, last week also a 43 and last month a 41 in fear. So there you have it. How many of you have been stacking M -Sats and taking advantage of the recent dip in dollar cost averaging? Let me know. And how many of you are anticipating Bitcoin price action to maybe dip a little further south before packing some new positions? Let me know how you feel with the current status. And also just quick reminder, we're almost at the end of September historically, September is the worst month out of the entire year for the Bitcoin price action, but it's always followed by up tober, which is historically one of the most bullish months for Bitcoin. So we only have another week until we get out of September. So we'll see how this is likely to play out. Let's break down today's Bitcoin technical analysis. Bitcoin failed to reclaim 27 ,000, though we came close. It stalled at 26 ,500 as of right now. Meanwhile, the altcoins are in no better shape with minor losses coming from most of the larger cap ones. With Chainlink, the only one with a notable price increase. So last week was expectedly less volatile, aside from the brief spike on Saturday that pushed Bitcoin then to the multi -day peak of 26 ,400. But after failing to continue upwards, Bitcoin retraced at 26 ,000 and spent the rest of the weekend there. Then Monday didn't start all that positively either, but finished the way. Bitcoin went on the offensive and soared above 27 ,000 for the first time in weeks, but then shortly dumped after. But the bulls kept the pressure on and pushed Bitcoin to a new 20 -day peak at 27 ,500 on Tuesday. The next few days were rather calm with Bitcoin maintaining 27 G's, even after the US Fed's decision to stop raising the interest rates. Yet Bitcoin's momentum disappeared by Friday as it fell to 26 ,400. It even tried to bounce off the end of the day, but failed and currently stands at 26 ,500. Its market cap is south of 520 billion, while its dominance over the alts still just inches shy of 49%. So there you have it. And as we mentioned a little earlier, the altcoins, a lot of them are also in the red with the exception of Chainlink, which seems to be outpacing the rest of the major alts. Now for a prediction from Titan of Crypto, here's what he shared on X. Bitcoin 48 ,700 before the halving rocket ship to the moon. You might want to bookmark this one. Fam, never in history the halving occurred without Bitcoin reaching the 78 .6 % Fibonacci retracement level. So first off, first cycle price reached this four months before the halving, and the second cycle it was two months before, and then on the third cycle it was 12 months before. The next halving is now roughly six months away. Bitcoin might reach the 78 .6 % Fibonacci level within this period as it currently lies at 48 ,700, but the million dollar question remains, will this time be different? So as we enter this fourth halving, let me know where you feel the Bitcoin price action is likely to hit before we have liftoff. I mean, obviously that would be a bullish scenario setting us up for a perfect price discovery in 2024 post halving. So I cannot wait. I hope the analyst is right. And if you didn't know, it was exactly six years ago. China tried and failed to ban Bitcoin for the second time because guess what? You can't ban Bitcoin. You can try. Good luck with that. And ever since the price action on the King Crypto is up 600 % and the mining hash rate continues to hit all time highs. And as you know, hash rate is a good indicator for the strength of the network, meaning the market cap is just north of only $500 billion. And as Max points out here, referring to Bukele, he has restored the human rights of 7 million Salvadorans that have been taken away by murderous runts. The British and American state, a 93 % approval rating tells the story, the most popular leader in the world. And now Bukele Nomics is being copied around the world as a blueprint for freedom and justice. Massive shout out to Najib Bukele and the people of El Salvador. Which country do you feel is likely to adopt Bitcoin as a legal tender next? Let me know your honest thoughts in the comments below. I feel it's going to be another Latin American country. I'd say a great candidate for that is Argentina, which has hundreds of millions of people. We have Javier Malay, the pro presidential candidate. There is a 70 % chance plus that he is elected as the president. And we already know the likelihood he could make Bitcoin a legal tender, especially being orange -pilled by Max Keiser, who is the senior Bitcoin advisor for President Bukele. As Max has already announced, he can't wait to touch down in Buenos Aires to orange pill Javier Malay. Then we also have Mexico. We have people like Ricardo Salinas, the third richest man in Mexico, very pro Bitcoin, claiming Bitcoin has been his best investment ever because, again, Max orange -pilled him back in 2014. Then we have Brazil and so many other countries that make Bitcoin a potential to become legal tender. And we all know that's going to be a game changer. And that's just another catalyst on top of the Bitcoin halving scheduled in six months in 2024, plus the approval of a spot Bitcoin ETF in the United States. So can you say fireworks lays ahead? Let's go. Now let's discuss the latest more bullish news, meaning Mt. Gox is going to be delaying these payments, which means no crypto is going to be dumped onto the open market anytime soon, which again is good for the hodlers. Check it out. Now we got Nobuaki, the Mt. Gox trustee in charge of the funds owed to the exchange creditors, updated the public on September 21st, two days ago, according to the trustee, because of the lengthy discussions with specific payment providers, he could not make the October 31st deadline. That was the initial deadline, fam. And because of this reason, the repayments will start next year. And so they say, quitting him here. Therefore, with the permission of the Tokyo district court, the rehabilitation trustee changed the deadline of the base repayment, the early lump sum repayment and the intermediate repayment from October 31st, 2023 Japan time to October 31st, 2024 Japan time, respectively. By the letter of the Kobashi details, the Mt. Gox creditors waited nine years for payments. Good Lord. Currently, they're owed one hundred and forty one thousand six hundred and eighty six BTC plus one hundred and forty two thousand eight hundred and forty six Bitcoin cash and sixty nine is that billion yen. Good Lord. I'd love to know what that equates to in dollars anyways, though the delay has been extended. The creditors who have completed their claims might receive the payment by year's end, quoting them again. Rehabilitation creditors who have provided the necessary info to the rehabilitation trustee will see the payments made in a sequence as early as the end of this year, according to the letter. However, this schedule could change. Kobashi also said that due to the high volume of inquiries regarding the process, the rehabilitation team might not respond promptly. Well, that doesn't sound so promising, but I guess it's a good sign that most of this cash is not going to be dumped off any time soon, as there's a lot of FUD that's always circulating. The Mt. Gox, you know, sell off is going to crash the entire market. I think that is very unlikely and is nothing more than FUD. And again, we're gearing up for the most bullish sentiment in the four year cyclical cycle amongst us in twenty twenty four. So versus being in fear, I would be very optimistic about what's to come for the king crypto and the crypto market as a whole. But what are your thoughts, fam? Let me know in the comments right down below. Now let's discuss the largest crypto exchange in the United States. Clearly, it is Coinbase. The CEO is Brian Armstrong. But did you know, according to this latest report, they currently control and own over five percent of the Bitcoin in circulation. That's pretty hefty. And let's break this one down. And how many of you have used the Coinbase crypto exchange before? Let me know in the comments below. Here we go. Blockchain intelligence platform ARKAM recently identified the crypto exchange Coinbase holds almost one million Bitcoin in its wallets like, whoa, the coins are worth more than twenty five billion dollars at the current prices. Now, according to ARKAM, the exchanges holdings amount to almost five percent of all the existing Bitcoin. ARKAM said Coinbase holds a total of nine hundred forty seven thousand seven hundred and fifty five BTC. And at the moment, Bitcoin circulating supply is around nineteen million four hundred ninety three thousand five hundred thirty seven, according to coin info on CoinGecko. And as ARKAM shared here on X, ARKAM now identified twenty five billion of Bitcoin's Coinbase reserves with one million, approximately Bitcoin on chain. This makes Coinbase the largest Bitcoin entity in the world on ARKAM, with almost five percent of all the Bitcoin in existence, almost as much as Satoshi Nakamoto. Crazy, right? Furthermore, ARKAM noted that it has tagged and identified thirty six million Bitcoin deposits and holding addresses used by the exchange. And according to ARKAM, Coinbase's largest cold wallet holds around ten thousand BTC. And based on the exchanges financial reports, the intelligence company believes that Coinbase has more Bitcoin than are yet labeled and could not be identified. And while Coinbase holds over twenty five billion worth of Bitcoin in its wallets, the exchange only owns around ten thousand of all the Bitcoin in which it holds, which is roughly two hundred million dollars, according to the recent data. Meanwhile, community members express varying reactions to the news about the amount of Bitcoin on the centralized exchange in which they hold. Some believe it's a sign to withdraw their Bitcoin from the exchanges, warning hodlers not to wait until the exchanges start to halt withdrawals. Others say that since there are legitimate concerns over cold wallets, there is no good way to store your assets. I'd like to chime in real quick. Obviously, if it's not your keys, it's not your coins. So while a custodian such as Coinbase can hold your crypto, you've got to also note that it's not yours. So if something were to happen, hypothetically, like we've seen with FTX and the collapse last year, then not your keys, not your coins, they don't belong to you at the end of the day. So you've got to start to weigh the risk reward with having a custodian such as Coinbase or a centralized exchange hold your coins versus taking the responsibility for yourself and learning how to self custody your own crypto and call storage such as with a Bitcoin cold wallet, such as a treasure. So I just wanted to point that out. There's no right or wrong way to hold your crypto. You've got to do what's in your best interest, of course. So, you know, I mean, just want to keep it real at the end of the day. So check it when it comes to Bitcoin ownership by companies, business intelligence for MicroStrategy still owns most Bitcoin. I believe it's over one hundred and fifty two thousand eight hundred BTC, to be exact, worth over four billion dollars at the time of this recording, making them the largest publicly traded company to have Bitcoin on their balance sheet. Now, another major company that controls over six hundred thousand BTC is Grayscale in their GBTC product, the Grayscale Bitcoin Trust, which they just recently had a lawsuit against the SEC with the plan to convert their trust into a spot Bitcoin ETF. So considering they already control the underlying asset in the sum of over six hundred thousand BTC makes them a pretty strong contender. Wouldn't you agree? Let me know your thoughts, fam. And now let's break down our next story of the day and discuss the Bitcoin price likely to catapult along with the altcoin to coin to SkyBridge Capital, Anthony Scaramucci. Let's break this down. Shout out to the Mooch, SkyBridge Capital founder Scaramucci is detailing how one catalyst could have a bullish impact on Bitcoin, as well as the alt. In an interview with the Wolf of Wall Street, Scott Melker Scaramucci says that a spot Bitcoin ETF could be approved in the first quarter of twenty twenty four, which seems to be a ninety five percent likelihood, according to top ETF analyst at Bloomberg, Eric Balchunes. So according to SkyBridge Capital founder, the approval of the spot Bitcoin ETF and the Bitcoin halving, which is expected to occur in April of twenty twenty four, could combine to ignite a crypto bull market. No, it's not. It could combine. It will combine. Just saying. Quitting him here as Wall Street or products on Wall Street are sold, they are not bought. And so there is going to be tens of thousands, if not one hundred thousand plus people at these Wall Street firms selling these products to their traditional investors. So people that are in Bitcoin understand the finite supply of Bitcoin, right? We all know there's a finite limited supply, 21 million, and they understand the nature and the quality the Bitcoin has. This will push Bitcoin up. Of course, it will have a dramatically positive effect on the altcoin market because it will lead to more capital into digital properties so people can think whatever they want. They can think short term about the near term volatility of Bitcoin. But these macro positive factors are overwhelming. And according to Scaramucci, the potential approval of a spot Bitcoin ETF filed by giant asset managers such as BlackRock, who controls over 10 trillion in assets under management and Fidelity, that controls over four and a half trillion in assets under management, can see Bitcoin increasing its market cap by roughly 24 times from the current level. We'll send it. Let's go quoting the Mooch here. It is important that now the largest asset manager in the world who started out with some level of skepticism related to digital assets and Bitcoin is now willing to adopt Bitcoin. I mean, I guess they mean BlackRock is willing to adopt Bitcoin, but even more important than that, they're willing to explain to their clients. I think BlackRock now has 13 trillion dollars in assets under management. So for them, seven trillion for Fidelity. While these numbers are higher than I even imagine, while their clients need exposure to digital property like Bitcoin. And so we have a five hundred billion dollar plus market for Bitcoin. So you and I know gold is at 12 trillion ish, depending on where it's trading. But yes, 12 trillion. There is no reason why Bitcoin couldn't get gold. So there you have it. And to watch this video interview he did with Scott Melker entitled 37000 Bitcoin. Can it skyrocket 35 percent? Check the show notes below the video in the description. And I think we all could agree it's only a matter of time before Bitcoin returns to price discovery mode, virtually meaning entering new all time highs. My personal prediction is sometime in 2024, considering the two biggest catalysts, which we just covered, the Bitcoin halving and Bitcoin ETF approval, which we know is going to be a given, especially considering the SEC is not going to be able to push it back and push back that deadline any longer because, you know, they just they have been pushing it back now for 10 years while they continue to approve futures ETFs, which can allow them to spoof and manipulate the market, which is all by design. At the end of the day, there's not new under the sun and three things cannot be long hidden. The sun, the moon and the truth. But just saying. Anyways, fam, now let's discuss the ongoing fight against CZ, the finance CEO with this 250 million dollar loan. And then I'll be breaking down his 10 million dollar price prediction and in fact sharing a transcription of him claiming that Bitcoin can thousand X from the current price, which would ultimately mean not 10 million, but we're talking twenty six to twenty seven million dollars per coin. Let's break this down. So here we go. First, with the FUD, the Binance CEO, CZ Shangping Zhao had refuted a recent report alleging that he received the 250 million dollar loan from BAM Management, the company that serves as the holding entity for Binance US. Now, how many of you have used Binance US or Binance before as the exchange? Let me know, fam. The development comes amidst Binance's struggles with plunging trading volume as the world's largest crypto exchange faces mounting lawsuits and increased scrutiny, regulatory which seems to all be by design by the SEC and the regulators. Right. The report published by Decrypt September 19th drew its conclusions from court documents associated with the ongoing lawsuit involving Binance and the United States. SEC, according to the news agency's interpretation, the Binance US legal representatives asserted in the documents that BAM Management US Holdings had issued a quarter billion dollar convertible note to CZ back in December. CZ, however, challenged the accuracy of the report when he tweeted the following. The amount of wrong information is just they got the direction wrong. I loaned 250 million dollars to BAM a while back, not the other way around, and have not taken it back. The Binance CEO clarified that the loan arrangement was, in fact, the opposite of what was reported in the post. The exec explained that he had extended a 250 million dollar loan to BAM Management and asserted that he had not yet received the payment. So there's nothing new under the sun. Just more FUD, it seems like, fam. The legal battle has taken a toll on Binance US, which saw a flurry of employee departures. The US SEC alleged that Binance was not cooperating in the ongoing probe and even claimed that BAM refused to make essential witnesses available for deposition. Concerns were also raised on CEFFU, which happens to be a custody service offered by Binance's international arm, Binance Holdings Ltd. The SEC's filing claimed that the platform appeared to be in violation of a previous agreement designed to prevent the transfer of the assets abroad. And despite the scathing attacks by the financial regulator, Binance scored a small win this week. The SEC's motion to approve an inspection into Binance US was denied by the USDC District Judge, Zia Farokhia. So there you have it. I mean, the ongoing FUD will more than likely continue, as obviously Binance is the largest crypto exchange in the world and regulators seem to have a problem with them and want to go after them for whatever apparent reason. So, like I said, hopefully in the end, you know, truth is revealed and the real story versus all the FUD and, you know, the manipulation of the price action and all the shenanigans we continue to witness in the market. And with that being shared, now let's dive into the Binance CEO, CZ and his 10 million dollar price prediction, as well as him predicting that Bitcoin price action could even a thousand X from here, sending the Bitcoin price parabolic to 26 or even 27 million dollars per coin. Let's break this baby down, shall we? Here we go. JV, have you ever heard of him? A crypto YouTube influencer from Crypto News Alerts remembered CZ's prediction. You're damn right I did. The Bitcoin would reach 10 million per coin. JV referred to the statement in a recent video uploaded on YouTube where he analyzes various aspects of the Bitcoin market development. Now, JV looked back at CZ's Bitcoin prediction while analyzing the Bitcoin CEO's recent Twitter comments. And in a Q &A session on July 5th, CZ addressed several issues, including Binance's reaction to the ongoing regulatory scrutiny. He also spoke about the rising interest of institutional investors in crypto currencies, as well as the proposed BlackRock spot Bitcoin ETF. CZ made the 10 million dollar price prediction back in 2021. In fact, I have the article already pulled up and I'm going to be reading word for word what he shared. Following MicroStrategy's announcement, allocating Bitcoin for the corporate strategy, CZ based his analysis on the possibility of several corporate companies, major institutions across the world, allocating just one percent of their corporate treasury into Bitcoin. And according to CZ, that would lead to a thousand X growth in the value of BTC. JV highlighted CZ's welcoming approach to institutional investors in the Bitcoin ecosystem, and CZ noted that advantages in traditional finance firms they bring to the crypto industry, despite concerns about their intentions clashing with Bitcoin's decentralized nature. And according to JV, CZ identified two key factors driving Binance's strategy for the next 18 months. They include the upcoming Bitcoin halving event now less than six months out, as well as, you know, we could be seeing a Bitcoin ETF here in the near future. The Bitcoin community expects the next halving to occur in April of 2024. Now quoting CZ word for word from the initial interview he made on Bloomberg Radio predicting a potential 1000 X increase in the Bitcoin price action. So here's what he had to say. Right now, I think only 11 companies again, this is right around the time that MicroStrategy announced putting Bitcoin on its balance sheet. They announced having allocating some talking about Bitcoin, like usually less than one percent of their corporate treasury to Bitcoin. And we think that it is most likely what caused the initial price rise. I think MicroStrategy's Michael Saylor started it first, but there are six hundred and fifty thousand companies in the world, like relatively established companies in the world, and their treasury is huge. Preach. So if all of them talking about these major institutions only allocated just one percent to Bitcoin, we are going to see, I don't know, 1000 X more growth in the Bitcoin price. And if they allocate more than one percent, then it's going to be even bigger. So I think people don't quite get the magnitude of the wave that is about to hit us. Now, let's run that math one more time. Fam, today's price is roughly twenty six thousand five hundred times that by one thousand. He's talking about a twenty six and a half million dollar Bitcoin price action. The potential if they only put one percent of their strategic reserves into Bitcoin, you do the math. If it's five X and five percent, what are we talking? One hundred and twenty million dollar Bitcoin price. Just saying this is coming from CZ, the world's richest man in crypto. So very powerful words indeed. Let's get back to this prediction of what he shared. So the finance CEO estimates that the flagship crypto can go up anywhere from nineteen hundred percent to twenty thousand percent from the current price levels from the time he made the prediction. And he goes on to share with price predictions. It is really, really difficult. I think it can go to, I don't know, one million dollars, ten million dollars. It is very hard to tell. And again, if we literally did a thousand X from today's price, we're talking twenty six and a half million per BTZ. So CZ also reveals that the exchange is onboarding new users as an at an unprecedented sustained rate during the bull run, outpacing its user growth during the twenty seventeen bull run. So again, this was during the twenty twenty one bull run. Here's what he had to share. Just to give people the idea, in twenty seventeen, when Bitcoin hit the peak of about 20 G's, we were seeing three hundred thousand new registered users per day. And that only happened for a couple of days. And that kind of trailed off and became slower. Now we're seeing sustained new user registrations above the peak and sustained like for over two to three months. So could you imagine running the world's largest crypto exchange and having over three hundred thousand new registered users every single day for like 90 days straight? That is insanity. And that's the previous market. I think twenty twenty four is likely going to outpace the previous market as Bitcoin becomes a common household name and as Bitcoin game theory continues in full effect. You have presidential candidates making Bitcoin a big determining factor. We have people like Ron DeSantis, Kennedy Jr., Javier Malay over in Argentina. So naturally, it's just going to create more commotion and positive catalysts for Bitcoin as we move forward into twenty twenty four. So, I mean, fireworks are ahead. Let me know how you feel. We're likely to finish out this year by December of twenty twenty three. Where do you feel the Bitcoin price action is likely to be? And don't forget to check out CryptoNewsAlerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
"eighty" Discussed on Merriam-Webster's Word of the Day
"It's merriam Webster's word of the day for March 25th. Today's word is 86, spelled as two hyphenated words. 86 is a verb. It's an informal word that means to eject dismiss or remove someone. It's usually used in the context of banning or refusing to serve a customer. But it can also refer to rejecting discontinuing or removing something in general. Here's the word used in a sentence from 7 days. By Ryan Miller. There are occasional scuffles and a dozen or so near do wells, who have been permanently 86th, but ultimately the last stop is a home away from home, a playful, non hierarchical joint you roll into for a $3 50 cent pint of Bud Light, and an easy conversation with the dude sitting next to you. If you work in a restaurant or bar, you might 86 or eliminate a menu item when you run out of it, or you might 86 or cut off a customer who should no longer be served. 86 is still used in this specific context, but it has also entered the general language. These days you don't have to be a worker in a restaurant or bar to 86 something. You just have to have something to get rid of or discard. There are many popular but unsubstantiated theories about the origin of 86. The explanation judged most probable, according to merriam Webster's research, is that the word was created as a rhyming slang word for nicks and IX. Which means to veto or reject. With your word of the day on Peter sokoloski. Visit Miriam Webster dot com today for definitions, wordplay, and trending word lookups.
"eighty" Discussed on The Dan Le Batard Show with Stugotz
"To the nursing home residents the mistakes that we made during the initial out. What can we do to prevent them in this new role out here with respect to vaccines. Yes he i. I have a lot of reservations about the way. The news of additional doses was announced this week basically that was triggered by some leaks to the media and then they had to move forward with making this announcement but it has not gone through the normal regulatory process of the fda reviewing this The a cip. Which is this advisory board To the cdc were they review all the data on vaccines before making recommendations. That process has not unfolded yet and so to be announcing that. Oh yeah we're gonna move forward with extra doses in late. September is really on premature and it's really unclear that there's evidence to support doing that for everyone You know. I think it's really just very select. Groups like the ones i outlined where. There's the data to support doing that right now. You're very gentle. You are based. You're not calling anyone dumb. I would imagine that a lot of what you're seeing happened. Play out in front of you beyond being cold and cruel is also beyond selfish ignorant. And you're not saying any of that. You know i. I think one thing. I've learned over time and i've worked with a lot of different infectious diseases and different epidemics. So starting my career working in hiv and yellow service. I wasn't a bola aid worker. In west africa. You know when people have beliefs it may not be scientific but there is a logic to them. And i think it's really important to understand that logic not to be condescending To to really hear people out and try to understand where they're coming from now. You may not always agree. You may not always be able to convince them. But i think that's where the conversation needs to start. I think if you start with calling people stupid condescending to them You know. I think you're the conversations already over you've already lost any opportunity to change minds. What would be a good reason to not get the vaccine. Is there one other than the one other than the ones that you've enumerated you know. There's really no good medical reason not to get back stated we had originally seen some very rare Allergic reactions with the first dose of vaccine. This was now studied Where their way are there. Ways to premeditate people with medications like benadryl for example which Over the counter allergy medicine and just very simple things like that have been proven effective in heading off any further allergic. Reactions with additional doses. We've also looked at vaccines and pregnant. Women women who are trying to get pregnant who are breastfeeding. The vaccines are very safe in that population as well and in fact if a woman was pregnant gets cova that can be extremely deadly both to her and to her baby Pregnant women are at increased risk for complications of kobe from the flu. Other more likely to end up in the icu so they certainly should be vaccinated so really from a medical perspective. There is no group that should be excluded from vaccination. Where are we right now. What do you expect months from. Now what is your level of your being very reasonable here. You're not emotional. There was a lot of unknown the first time we talked to you about this and now you have some science and there is less unknown. What do you imagine is going to be happening here. Over the next three months. And how apocalyptic is this going to be if we continue to ignore you. you know. I think it's all going to depend on what we decided. Do i really hope that the fda approval of the vaccines will translate into more people. Getting backs needed That'll probably be. Because employers mandate the vaccine and so people have to get vaccinated for their job. I hope that has a big impact on vaccination rates. I have a hard time seeing people doing some of the other things. I'm talking about masking and then using ventilation and so on at the level that we really need to be The america rescue plan from the biden administration provided funding for things like upgrading Ventilation systems h. systems in schools but the schools right now are so overwhelmed and it's not just with kobe. They're dealing with discussions around critical race theory around. How do you handle on issues around. Transgender students mean they are in this political firestorm on multiple fronts. And so even if there's money on the table to do things like upgrading. H fact systems. They don't have the time to figure out. Okay what do we need to do. Who do we need to contract with. Get the job done And you know again. That's something that could have a big impact. So i'm a little bit skeptical. That will be able to turn this around until early. Twenty twenty two. Because i just don't think we're going to use all of the tools at our disposal doctor. Thank you as always for the information. We appreciate your time a weird question. Just because i don't understand it. Someone asked me at the other day. And i had no idea if you have two parents who have tested positive and are as symptomatic is it then hereditary to the children that if they have not gotten it they won't get it because their parents are a symptomatic. Now you can't. You can't make that leap so If both parents have the infection they don't have symptoms. The kids certainly should be tested. if they're negative. They should be kept away from the parents until the parents are negative It's hard to predict How different people's immune responses will react. Even if they're in the same family even if they're the children of these adults who had no symptoms we. We just can't make that leap. What have you learned that you find the most fascinating just in the science and study of this over the last eighteen months. Yeah one thing that's really interesting And i think we need to be talking about more vaccines work really well for inducing immune responses in your bloodstream in your internal organs Injectable vaccines don't work as well on in what we call me puzzle surfaces. That's like your mouth your throat because And i think something that will be talked about more is should we be combining different vaccine technology. So let's say you get one dose of an injected you get one dose of an inhaled enter nasal Vaccine so that you're optimizing different branches of the immune system. I think that's a really interesting question and One that we still don't have an answer to dr. Thank you as always for the information. My pleasure thank you..
"eighty" Discussed on The Dan Le Batard Show with Stugotz
"Some of them are going to die the fact that some people just have this shrug of one hospital. I don't care. I can't imagine that if i had gone to you when you were originally fearing and crying here and scaring all of us and said we're gonna get a vaccine. Were just not gonna use it right. You couldn't have imagined that you couldn't have imagined that there is an antidote for what it is that we're talking about and that we have it in america's got it a surplus of it and that we still can't get this right. I can't imagine how insane that makes you. It's very frustrating. Especially when people in other parts of the world. Both my parents were immigrants. Would they access in india for example where my father was from is really still very low in other parts of the world. I spent a lot of time working in much of sub saharan africa. They don't don't have access to vaccines and here. We are with that privilege. And we don't wanna make use of it I find that really very frustrating. Very confounding and again it is in our power to turn this around to change the situation to get back to a more normal life if we take these steps but we as a country As a people have refused to do. So what do you say to people who say they have concerns about getting the vaccine because they're concerned about what it could do to your health later on down the road. Well one reference. I would i would turn them to is my podcast as we go through some of that science. So it's epidemic. It's on apple. Google spotify all the usual suspects But that said We these are vaccines ahead. Been administered in hundreds of millions of doses right to date over four billion doses of vaccine have been given around the world Over several hundred million have been given here in the united states. We have yet to see any significant safety signal and in the history of all vaccines going back to the smallpox vaccine. If you're going to have a side effect with the vaccine it happens within two months of vaccination we are well outside of that. We have much more follow up data than that and so we can say in terms of safety. These vaccines are very safe. They're also highly affected and while there are some concerns about well received more breakthrough infections with respect to hospitalization. Cdc for example released data. Couple papers earlier this week. Data from new york state shows that are protection against hospitalization. if you've been vaccinated is still ninety five. Percents that that's as good as vaccines get. And you know we vaccinate to save lives. and the vaccine's are quite powerful in terms of saving lives sling I don't know if. I even want to hear the answer to this question. But i feel like a lot of vaccinated. People started to live some semblance of a normal life before the delta very happened and now we're kind of beginning to become more cautious and some people are going to weddings and concerts and things like that. And i'm wondering what you personally would feel comfortable doing what they're what you would advise people to do in terms of indoor gatherings now if you're vaccinated So those pictures of lollapalooza really had very worried You know i think outdoors in general is pretty safe but when you're talking about packing people For a concert or sports events that is not safe And so there you really do wanna be layering other things making sure people are vaccinated. Attention events That they are still wearing masks terms of indoor stuff You know my husband is still eat outdoors when we go out to eat We don't have friends over If we're going to socialize with friends we do it outside and you know even in a group of people whose fully vaccinated If you are going to be indoors at least at this stage if they're not in your household bubble. I would recommend wearing a mask and opening those doors and windows. What's your advice in terms of the booster shot. And when should we be considering a booster shop. Do wanna be careful with the terminology. Booster so i think for a lot of people that makes them think of the flu shot which we do give yearly and that's because The flu mutates very differently from cova And so you do need it. Yearly shot for the flu with corona virus. We think we're looking at probably a three dose regimen. Now if you think about all the other vaccines we give polio. Tetanus etc most of those are actually three or four dose regimens. And so what we're thinking will will wear net out with kobe is. We'll probably have a three dose regimen but not yearly shots. Now in terms of do we need to Third dose now. There are a couple of groups where that evidence is very clear so people who are highly immuno-compromised so people who've had a solid organ transplant. People who have aids people are who are on certain medications for the treatment of cancer or autoimmune disease. Those are people who don't have a response to the first two doses of vaccine and to be clear they may not even have a response to the third dose but it is worth giving a third dose to give them an extra shot at immunity But at the same time that group really does need to keep masking and using their the other tools like ventilation and air filtration and so on as much as possible and same applies to people who are around them The other groups were. There's good data. Forgiving extra doses would be people who live in nursing homes. That's the one group where we have seen breakthrough infections. Turn bad so to speak and other words. It's not just that. They have some symptoms of kobe but that they get really sick so they ended up in the hospital. They ended up dying so nursing home residents. It does make sense to give an additional dose. Although i would say most of those outbreaks nursing homes have been triggered by caregivers who are not vaccinated. Who brought virus into the nursing home from the community and honestly vaccinating. Those caregivers will have an even bigger impact. On reducing the risk in nursing homes then would giving an extra dose.
"eighty" Discussed on The Dan Le Batard Show with Stugotz
"Live at our show with stu. Gods facts are still important. I know we're arguing about science and just about everything. But if you made the apocalyptic biblical eighteen month journey of weirdness with us you know that at the start of this absurd loneliness and disease and calamity that is engrossed and engulfed our country and others. Selene gown her was here. Dr selene gonder was here scared and crying about what was happening. Or what might happen to our hospital system and in the middle of that craziness we were actually doing fifteen minute segments of how to wash your hands talking to people about how to wash your hands and so here. We are all these months later. And i fear this conversation a little bit. Because she's the host of the epidemic and the american diagnosis podcasts. And she's also part of or was part of is still part of the biden harris transition. Cova nineteen advisory board and. I am afraid to ask you where we are as. I see numbers that florida and mississippi and louisiana or as bad or worse belarus in the republic of georgia. So i say all of that by way of introduction. Doctor thank you for being with us please. Can you give us something that feels good. Is there anything that feels good here. Because i'm i'm scared again. Scared the way Scared the way. I was when you first joined us. Yeah now and it's It's great to be here. i'm glad everyone here is still with us. It has been a really tough eighteen plus months going through this at the hospital and In in the public health world. I think the good news is that this is in our control as it is in our control how the coming months play out but will we do. What's necessary to really squash this thing. We have failed on that over and over and over again. So what what do the coming months look like. If nothing changes right now well we are still looking at Delta variance related peak so the delta variant is this new martin infectious transmissible variant. That arose scindia and then spread here early. In the a lot of the cases that we're seeing right now hospitalizations deaths were being driven by and large by the delta variant. It's almost all of them. And we are still seeing quite a lot of cases in the south. We're probably going to see a bit more of a prolongation of that because you are going to see kids going back to school. Some people going back to the office so we don't really expect that surge to peak and then come back down until probably october and then similar to what we saw last year where it's just relates to holidays in family and friends hanging out together and we tend to trust our family and friends. We may not ask them if they're vaccinated Because we feel uncomfortable doing so. We may not want to mask around them. We want to just be normal around them right while unfortunately that also leads to transmission of. Kobe did and just like last year. We saw this three humped peak or surge over thanksgiving. Christmas and new year's. I don't think it'll be as bad this year because a lot of people are vaccinated now but we will have a similar kind of Surge and then. I think will finally start to see things get a bit better In spring of two thousand twenty two Some of what really remains to be seen is How many more people are going to be vaccinated. We are nowhere near where we need to be in terms of vaccination rates. I think people really need to understand that this is such an infectious virus. You really need to be back vaccinating a lot. More people on the fda approval of the vaccine is paving the way for a lot of employers to mandate back saination. They they feel like it gives them legal cover to do so. Some employers are already requiring it but i think a lot more will start to do so with the fda approval. And then we'll see we'll that really bump up our our vaccination rates so what is in our control getting vaccinated on encouraging our family and our friends to get axe needed and then continuing with all the other things that we know work right now. We're still in a phase where we need to be layering those protections so that it's things like masking masking really does work. I would up our game unmasking to what we call a k. N. ninety five. It's better than a cough nascar surgical masks. But it's not quite to the level of what i might wear in the hospital. Those ninety five but the that bumping up the great of mass will certainly help and then doing things like improving ventilation opening doors and windows as much as possible when the weather allows Improving air filtration And they're cheap solutions to do that in the home And then finally when you're able to socializing outdoors as much as possible Let's talk about things. Sent may or may not be in control which is basque mandates in school boards. Having to defy the governor's about installing mass mandates How do you feel about that. Like here. In florida with governor the zana's trying to not have mass mandates in our schools to me. This is really tragic that such a basic effective and cheap public health intervention to prevent transmission has been politicized in this way I compare it to politicize toilet paper. It would be like saying. I'm a democrat. I use toilet paper on a republican. I don't and i it just doesn't make any sense at all That we got into this place. I think what you're seeing and the kaiser family foundation actually did a survey of children and how they felt about wearing masks. The kids don't care it's the parents that care. The parents were opposed to this. And i think it's because they view it as somehow branding their child with democrat or liberal on their face by wearing that mask. But and i. I really don't know at this. Stage had a breakthrough that hyper politicization polarization of what is frankly again just like toilet paper a super basic public health intervention that everybody should want make use of but is there like a variable like kids with autism or with asthma. That might go into them. Not having them wear a mask in school. There are some kids who have behavioral issues where they may just really be resistant But in terms of things like asthma there is no evidence that wearing a mask is harmful. I can tell you. I have a niece. Who's two years old. And she is totally fine wearing masks back now. She thinks it's weird if she goes to school without a mask. It's sort of like the accessory they all wear And so. I think it's really much more about the parents than it is about the kids. Doctor what do you find most appalling about what you're watching is someone who's been warning us for a while that the hospitals are going to reach a breaking point. Well i did a focus group earlier this year With frank luntz. Who's a republican pollster. And i was with a number of young women. The point of that That focus group was really to find out what were their concerns with respect to vaccines and fragility pregnancy breastfeeding And it was sort of odd because they kept saying they needed more information but then had no questions for us about those issues or really anything. we kicked off that conversation. Also just talking about why each of us got vaccinated. It was me and two other public. Health officials and i described what it was like walking across new york city to bellevue walking by the medical examiner's office which is right across the street from bellevue hospital and at the time we had multiple mortuary trucks parked outside. We saw nurses. We worked with being intimated in front of us On the hospital wards being taken off to the icu and in ensuring that story. I was shocked. That these women just shrug their fuller's and said well we don't work in a hospital. We don't care and that coldness that not caring about the suffering of other americans about the very people who also by the way have been slaving away. The last eighteen months to help people that i found profoundly disturbing Really shocking and so when we're in the middle of this surge and you're seeing people like that in hospitals you're seeing housing report this morning of a emergency room that has twenty plus people waiting for icu. Beds in an emergency room which guaranteed means..
"eighty" Discussed on The Dan Le Batard Show with Stugotz
"He's the best fighter i've ever seen. He's just ever. He's the best fighter i've ever seen. He's gone dana. White leans into a microphone and says what of it. What of it. He just daring you to not by his pay per view heels. He's putting on anything. They're putting more fights than they ever have more disposable bodies than they ever have more guys that you haven't heard of and women that you haven't heard of than they ever happen if the fighters are interchangeable. It sounds like they are then. There is no solution. And that's i mean it doesn't seem like there is one. They propped up an interim heavyweight title. Even though we have a heavyweight champion and francis and gone and cyril gone just won the interim heavyweight title. Like it doesn't matter right like we need john jones to fight friends. It'll never happen. It's a little bit harder to happen too when you're bleeding supported by disney now because it's not going to get smaller. It's just going to get more and more unjust more and more powerful shared among the people who have actual power but in that sport the part. That's interesting to me is what they're doing for a living. Where do you want more valor than that in sports. You've heard me talk before about just the insanity stugatz of stripping yourself down to your shorts and being in front of a whole bunch of people terrified. You're going to get knocked out. But now add to that terror a win just to make money to feed my family and so does that person across from me. And that's the desperation of what you're watching and at the highest levels of it. They're making a ton of money again spilling all over the place. But it's like what we're watching when bezzaz flies into the sky during a pandemic and you're watching these billionaires go into space and with no sense of what is happening beneath them. I'm asking you to examine what the pipeline is here. Same in baseball. You see what's happening with the minor leaguers. They get piece of bread and a piece of cheese. Nobody cares about the minor leaguers who is specifically being put in the meat grinder stu gods. It's the desperate classes. It's the people who don't have money. And the people at the top are making more and more money and they don't have to share an even or even reputable and percentage of it and no one in the audience seems to care. No one i don't i don't see these fights not being watched. I don't see anybody protesting these things. Even as the fighters themselves get voice and they don't do it bitterly stu because they're afraid of authority. They're they're afraid of what power is there. They don't want to be telling you. Oh i'm broken. Also this is unjust. They just tell you flatly. i'm broke. They're not going against the power there that point dan regional. Ma is really sad. I don't think people understand how sad region amaze because you're you're talking about the bottom rung trying to make it up and you're fighting in front of three people bare knuckle fighting like all right. Let's do it and you're fighting for your life. I am made sad daily around here by the strangest things today. It was just going past closed bookstore and the atm that being said. I wanted to fight the atm. The atm filled me with an unholy rate. That was not sadness. I wanted to fight. I wanted to square up with that being said you mentioned close bookstore. I went to an open bookstore on saturday. Love good stroll through barnes and noble. It's unbelievably underrated and stugotz. I can't imagine you to be much of a book reader now but fantasy magazine. You sit down the starbucks barnes and nobles. They have a better selection of starbucks treats at the barnes and novels. do it any other starbucks. I don't think that tonya. I don't think that things you don't see an enormous starbucks you'll find them at barnes and nobles. I like nine dollars coffee. It's great so much of this is implausible up to and including stu just browsing through a bookstore. They saw the cds. I used to love the barn. Don still have cds today. Cody last when i'm on my guy they had. Cd's i barnes and noble. Don't anymore they might. They might still actually. Does tommy performer. There arabi gone garl- donlevatar number three chick-fil-a waffle fries love it. Now i think it's overrated. You guys go catch up or chick-fil-a sauce When you have a chick-fil-a holly that's my brother. Right there gall near my brother stugatz. Oh my god. What a weird.
"eighty" Discussed on The Dan Le Batard Show with Stugotz
"Are powerless. There's a danger. This kind of dictatorship. I don't know that the audience cares though as long as they get their their pound of meat. Every time you have see is showing fight. I do believe if the employees all decide to band together and form like do some exercise some form of collective action and then they're punished for it. That is a violation of the law. The national labor relations board would then get involved. But at that point your career may be over. And if you don't have any money and your leverage is that you could make money one day if you play by these horrible rules. What is the incentive. Dana white is gonna fight anything in the way of the union. I asked him about that and his response was. I've never heard of unions making anything better. They do for some of the people who are mistreated. But when you're in his position they don't though jessica when your hip position unions don't make anything against unions why we have like a forty hour work week and like people can eat lunch now and like the weekends exist got fighters such a stupid thing to say. I'm sorry it's not for him. not for him. They heard him. It's it might be a stupid stupid thing to say it's not a stupid thing to build your business on if you have that kind of power and you can just continue to mind the oil of injustice and nobody seems to care that fighters after winning fights telling you they're broke. They're not being asked about being broke. They're volunteering. they're being asked the question. Can you take some time before your next fight and the answers. How can take some time. I gotta make money. I gotta eat sly understand why it's stupid for him because it's going to cost more money when he has to pay people. But just the generalization that unions have never made anything better when like the vast majority of workers in this country since industrial deletion have had their lives improved in some way because of the original unions that formed at. There's not there's not a billionaire ignorant to snap a billionaire in this world. That hasn't gotten there through the exploitation of something or someone media in to tony's point about the contracts that these fighters sign in some respects. This is born out of a sport. That was maybe not going to succeed right. And a lot of these fighters they probably signed their lives away when they join because if they hit it big than it's worth whatever sacrifice you make on the front whatever freedoms you have contractually george saint-pierre signed at a time where the idea of him becoming a massive star was probably a very remote possibility. Making whatever it is you do. Make is probably massive for him his own at the time and with no union and no collective bargaining. You can't fix the rules that have been in place since before your organization was making all this money. It's what ends up making it more and more like the ncaa's and it's what ends up making these bodies. There's a lack of humanity in it as or more disposable than even the ones in the nfl where you only know a couple of the skill position and you can run through any of the linebackers and you can make a running back position not matter in a salary cap sport but even where the injustices are in football got at least. They're collectively bargain iraq. At least their partners their room and they're negotiating a more reasonable percentage of the profit and the revenue. Even to what he's point you make it to the top of the sport. Tyron woodley was a five time champion in his in his division. And he's got to go. Fight jake paul to make more money than he did a champion. They're making a lot more. That's how they're they're making relevant. The paul's because the polls are smart about just come over here. You'll get a bigger percent of the pay per view. We will end up splitting a pay per view in a way. I wouldn't you do it more reasonable. And someone like ben. Aspirin is going out there and getting knocked out because he's not a boxer and he's fat and everything else and not trying for a fight in a art or skill set that he has not mastered he goes out there gets knocked out and get paid more in a fight for fighting a paul then. He did at any point in his career. It is crazy. I don't know how it changes though unless people get bothered by the too powerful having too much power and abusing that power. I don't know how many more winning fighters have to come out and volunteer to you. That they're sleeping in their truck or that they're just not making anything making any money in the fighting games to guy if they all said. We're no longer fighting. How quickly would it change. Do you think guts he. He can get others to fight there. We will walk. There's no real true. Start our sport. I could just put any two people on the cage. That's all you people. There are true stars in that sport. Conor mcgregor is a monster payday who will get paid anybody who fights opposite him. I'm talking about the feeder system. I'm talking about everything that happens before the five guys who get made but even even the biggest names in that sport have complained about the percentages. They get you.
"eighty" Discussed on The Dan Le Batard Show with Stugotz
"Money and all pit-bull performing live on top of the machine dollars it should be something you're spending twelve dollars just to get your money. Yeah you see another. Ufc fighter after a fight just announced when the microphone. What is in front of him and he didn't even say it with bitterness. I'm broke it's been happening more and more where these fighters Recently won one a fifty thousand dollar bonus and she just said afterward. I needed it so much like i. It's all going to pay loans. But we're all we're we're broke even if we're winning we're broke as we've talked some about this before that the fighters in that sport are paid. I think it's eighteen percent whereas you get in the sports that have unions and collective bargaining. It's closer to fifty percent of revenue. You have espn paying ufc. Just this is just espn. One point five billion dollars and you got fighters all over the way all over the place telling you when after they win. Fight at the height of triumph. And it's not with bitterness. Just telling you to pursue this love. That i have. I have to be broke. And i have to keep fighting. I can't take a lot of time between fights because i'm broke. I have to. I have to keep getting out there. Whether i'm ready or not on a timely manner. Maybe before i'm ready just because i'm broke. Well how do you fix it. Though i mean for me a union right. That would that would help. Is they keep coming back to fight putting pressure on dana white publicly. I don't know if he's capable of shame and embarrassment. But you keep putting public pressure. I told you that the only reason. I didn't wanna fight dana white stugotz that the only reason i did that is because i was trying to circumvent the labyrinth at espn. Because their partners anytime anybody would say anything. That dana white didn't like at espn or anywhere. Because he doesn't have any use for journalism because he wants to do it his way because he's a trump dictator guy and he doesn't have any use for unions or fairness. He just wants his money and he gets his money keeps getting more and more power. And the reason that i said you. You remember how that went correct. The interview was me asking him questions. He was not getting at. Espn about how poorly paid his fighters are and because i knew that was going to swing back on me. I just sort of through a bunch of smoke and sparkle in the air. By you know saying you know whatever was i said about wanting to fight him because i want attention paid to this. I don't know how else you get. I don't know how else you do this. But i would ask you to consider as basketball and football have partnerships with their employees that make it so that any injustice these players may be suffering. Maybe you don't think any of its injustice because it's millions of dollars and they get to share in it but at least they're collectively bargaining to be partners with their employer in a way that allows them to share the money when area. Who wanna comes on here and tells you about all these new deals that the ufc signing you know a kit for a billion dollars a bit. Bitcoin fighting kit sponsorship and that the fighters don't get any of it. It should bother you. Especially stu gods when you start considering the desperation that is the sole and the undercurrent of the fight game choosing that as a living fighting other desperate broke. People for money is about as close as we come to. The gladiators desperate broke people choosing a career path. And yes they chose it. But sometimes desperation makes people choose boxing and ch- just the lack of education. Sometimes that's in play the poverty you come from. This is not a universal truth but largely a lot of desperation in those sports. When you arrive at a place when you're choosing to fight another man for money as a career choice or another woman. It does bother me. It should bother the fighters though and it should bother them enough where they're fine. I think it'd take a stance and do something about it. I don't know the sport as well as you do. So i don't know are there fighters where the draw is big enough where they are so popular. Where if they didn't fight it would really hurt the sport. There are a handful of fighters. To god's who are making fine money you will not hear daniel cormet or conor mcgregor complaint too much actually mcgregor has complained about it but complain too much about the fight payment but can't those guys be leaders. Try to form a union or at least tell the fighters hey we're gonna sit out or let's all sit out until we get what it is that we want eazy out there. It's easy for dan. i'm making it sound a lot easier than it is to exert power you you exert the power of others very well. It's a little harder to do. When you're sport has a bit of a monopoly. You what are you gonna do. You're going go one. Many of them are doing going and fighting the poles because it pays for more money going into the circus tent over there just because just just box. The one person you would say would be john jones. That would be like okay. If this guy steps away. That would be the thing and he stepped away. He's been off of the of the game for what two years now and it doesn't matter right like the the interesting thing to me. Is that as you look. And air haunting talked to george saint-pierre which is in retirement. He wanted to fight. Oscar de la hoya on dana said. No you're not going to do that. Like they still control them into retirement right like if john jones wants to come back and fight. It's gotta be with the ufc. There's no other way. But they all march to the same drumbeat all the fighters you hear the same thing. Hey you know it is what it is we just gotta keep. This is the problem though when you have such an imbalance of power when you've got the funds being created by the people in the system who are physically courageous and powerful but in..
"eighty" Discussed on Monocle 24: The Stack
"A celebrity. We need to have economic influence her than we need to. Have you know a lot of like of the visual language that you would five in nima accounts or you know these fashion me. Mccann said we also love. We've introduced the cobra. An nf t. Which is our digital edition cover at the one of the especially seats in on a toilet and we. I think they're the correct term is minted. We mentioned it as a as an nfc. I think what i'm the knows. Better is an expert mad. I think it's the first magazine cover that has been admitted as an in the world of art it's uploaded in the foundation of which is one of these websites where you can mean that if these Seder you have to be invited by other artists. Who have an account and then upload artist who invited us and we meant to yet i. I think it's the first magazine. Cover an athenian. It's a now live to find out more about that but that's so cool. You guys are always ahead of the game as well. I mean what can i say. Wouldn't you mentioned jay boven there. I mean chris including of course a lot of big names from pop culture but how those people react because of course your coverage of them quite different from the traditional you know fashion magazines like vogue or juku or something like that i mean do they take it on board. That mean your ideas. 'cause it's quite some more creative frappes mean in the case of jabe think it was just a we. Normally you try to approach these type of features conversations which i think they. They tend to get more interested in so we tried to kind of paranoid different people. That could have something interesting to say together. Sometimes from the same field sometimes from different fields in the case this was jay. bollywood Has also were winning a musical producer. He produced He's been educate twigs album. He's origin time stuff. He's super talented producer. So we wanted to talk about reality music from the to spectra so it was you know. Talking to as an artist like the headliner and tonkin. As producers always in the shadow how hard you create viral music and health is music spread. So i think. I think this was pretty pretty fun for for both of both of them or to to have a conversation they actually knew each other so it was also easier that way. In the case of kristen queens. She was at a very specific time in her life which was at the very late stage of federal agency. And this story is the real thing hair photographs by los angeles based brazilian photographer portal. Search in it's just hair being has sales walking around beverly hills and west. Hollywood i think as incredible looks with her huge belly. Ed just like lukine a fierce bold and we also have a feature with marc jacobs and marc ryan. Mac ryan is this guy who has become like the poster boy of hybrid look which is a traditional masculine waist up in traditional feminine..
"eighty" Discussed on Monocle 24: The Stack
"In many many countries. Were there any surprising countries that you found that you have lots of readers people interested. Is there an age group. I don't know if you have access to this data that is more interested in e what were some of the the reception. You've been getting from people. So the margarethen. Fortunately has been very popular since she won. Loads of people receive messages from many many people. Saying this is exactly what i've been hoping for. And it wasn't around but now there is a very happy obviously drinkers. There is a very strong audience in the uk for obvious reasons in america which was surprising to me. There is a lot of into in america people who love and specialize in drinking very specific. Very niche i even had unheard of. That's that's very nice and also. I'm based in portugal and it's very coffee. Focus country to t- is very underdeveloped here but there is lot of reader low. There are a little readers and looked into for it. So that kind of tells me to hopefully not culture will also involved something more sophisticated and people will discover the sort of the magazine. Yes because i have to warn readers. The reason we're doing this in your home is because we couldn't find the place with perhaps you know an appropriate menu of t that he could go to your in lisbon and just finally ask you about your enthusiasm. How many times a day do you drink tea. Do you have an absolute favorites. You know tell me a little bit about your consumption habits. Because the magazine of true and i drink a lot of to you and i used to dream stephen before i started a magazine for me. It's you know in the morning. You have black tea with breakfast and you have something green you go to an all along you end day on something different. I have a lot of tea at home. Obviously through travels because of the magazine before the pandemic i managed to accumulate huge quantities of tea..
"eighty" Discussed on Monocle 24: The Stack
"This this is really interesting. And talking about the new issue. Which i believe just came out july august edition. What can you tell us in terms of the highlights or even the cover story as well. Yeah the one we've just produced. We have one annual summer. Reading issue will risk usually comes out ten times a year in print in the pandemic we drop down a little bit to a couple more double issues but so the summer reading issue is usually the one that people took on vacation. And you know. The mars is the kind of magazine that cells in airports and train stations. And it's been a challenge. The thing okay when people are in lockdown lots of the country. What does that mean for their needs. You know but we did a bunch of fiction poetry. memoir writers are writing about the pandemic. but they're also really being escapist. I think so in now. When there's a story on a norman jewison who's a famous film director who made moonstruck which has been a really popular film independent. So there's a a writer named wells who went and interviewed some of the old cast and characters Cope dukakis on on share and eliminated caucus. Pasta will making the issue. So it's a bit of nostalgia. And and and cultural conversation right now and just in terms of business model invention that the war is sold in airports train stations. A what about when it comes to subscriptions was perhaps during covert was their move a little bit subscriptions or not. We have not seen that. Although i think it's something we could probably engineer. I'm really interested to see what magazines have done. Well out of the pandemic will we saw. Because we're a nonprofit. There was a considerable increase in donations in the pandemic so the funding is fine but the digital has grown hugely for the first part of this year. It's up more than thirty percent of all time. So more and more people are reading this online. The print has dropped. Which is expected again. Because you're not getting people finding it in their their at home so we'll think about how to manage that next year. We're still sort of dealing with and emigrate now. Absolutely as as we all are in one way or another and jessica what has been your of kind of relationship with the war is at. How long have you been working there. For example i been editor Magazine for store. And before that i was a writer or contributor but i feel that i'm part of the new era the you know the the media climate has changed so much in the last five years little in the last ten or fifteen so since thaw was founded it started being. Don't want to say highbrow but like hydraulic it. Was it was for intellectuals than it was wasn't ashamed about that can be a long story but anyway we registered for charitable nonprofit status in the mid two thousands and that slowly has evolved the type of journalism that we do so the stuff that we're working on now is fact based everything's fact checked it has everything has an educational component. Even when we're writing about selene. Dion there's something you learn about like our relationship was deliberately or you know canadianness out of out of that experience. So i've been here. I would say for what. I would call the taming of the digital era which this'll years we've seen huge growth but in a world when the internet has so much available to people we really had to figure out what was already genitive Well and i think magazines like yours. I think there is. There's a bright future. Because i do generally think people are looking for kind of long form pieces especially when it comes to print products like the warriors away. There's a evaluation long form. That's a bit counterintuitive. And that again is what i've worked for a lot of different types of media..
"eighty" Discussed on Baseball Together Podcast
"And then we've got the astros the as I put nineteen. pm eastern time. It looks like that's i'm assuming that's supposed to be ten pm eastern time 'cause i never use military thome my phone that will be ten pm eastern time So i guess if you don't have mlb tv you want to watch something besides your team. You've got plenty of opportunity for me. I'm gonna be i'm in arizona so that's gonna be pacific time zone by then so it looks like gonna be having baseball at Ten from ten. Am until i guess about the time that i go to bed. So that's a neat little thing that's going to be a lot of fun For those of us on the west coast mountain time zone pacific time zone. Wake up watching baseball then. Watch we go to bed. That's going to be a funday. it's gonna be great all right. What else do we have There were a bunch of signings this week with spring training coming up there were teams or i guess. Players free agents were getting in under the just inside the deadline their spring training on time we had justin. Turner finally signed re-signed with the dodgers. Bring talked a few weeks ago about how we had seen and heard nothing about what turner was gonna do. We didn't know who's gonna resign at the dodgers. The dodgers are kind of you know. We've got our contingency plan. Just in case he doesn't return but then you didn't see or hear about any interest from any other teams so i'm not super surprised that he went back to the dodgers I mean i guess we should kind of expected it. Because like i said there there didn't seem to be much interest from other teams but but good for him to year thirty four million dollar deal with the with the dodgers I believe we talked about how he's like three years old so this could be his last big deal. I think his next contract could be either a minor league deal or a or something in the neighborhood of a veteran's minimum. I'm not entirely sure but But yeah so. This is probably his last big deal. Especially with the dodgers guy. Paxton the big maple re-signed with the mariners After a short stint more than a cup of coffee with with the yankees he spent about a year and a half with the yankees and He resigned with the mariners one year. Eight and a half million dollars. I'm i'm excited. I'm happy about that. I like to paxton. He's not the ace. I don't feel like he's the ace that he was when he was in seattle before. But if he's a tour three man. I am absolutely okay with that. He's gonna be a great great piece of that pitching staff and a great mentor to that young pitching staff. The young pitchers. I talked about a lot. coming up with the mariners and i think i think he's going to be a good guy to teach those guys how to work like a big leaguer and a big leaguer so i'm excited about that that deal that's going to be good for seattle. We've got a lot a lot of guys coming through on minor. League deals who got matt harvey with the orioles. Jay bruce with the yankee cj krone with the rockies jason kipness with the braves billy hamilton with the indians and joe panic with the blue jays. These are just some of the notables that.
"eighty" Discussed on Baseball Together Podcast
"We have alan with this still. And you know. I got thinking as we as we inviting on the podcasts. As like you know. I'm a mariners fan a perennial basement dweller terrible team. Alan is a fan of the orioles as we've already established very familiar lifestyle right a yeah. I would actually go as far as to say that. Ours has been a little rougher more rough. And i don't really know your history. I just feel like you guys have been in contention every so often and you've had a couple of hall of famers come through at least in my lifetime and correct me if i'm wrong. Do you still hold the record for most wins in a season or did that capacity. We do for now until the dodgers come right and that's with in our lifetimes. That is awesome like that is something that you know what it didn't happen but that does great. Do you know that. The orioles world series a month. Before i was born like before i was born and most of my life has been this torturous. If you wanna really put the icing on the cake as we also had a team called the baltimore ravens. That moved out of baltimore in the middle of the night three months after i was born so like ma. I personally feel responsible for baltimore. Sports history like sorry guys. It's just one of those things where it look. This is a baseball shown. We're talking baseball okay. But as somebody that is born and raised in baltimore. I've won two super bowls as a baltimore ravens fan. I've won a stanley cup as washington capitals fan and my freshman year at the university of maryland. We won march madness. I would trade all four of those championships for the oriels to get to the world series even if they not i would gladly trade those four things because that is my team and i don't care what you say every year we were in first place for the first game sometimes and maybe even for the second game and i just want that to actually carry through and get somewhere. I i hear every single word that you just said. I'm a seahawks fan like your your line lime. Green chair actually speaks to me for that reason. Respect that i think it's awesome but But you know i would. Trade the seahawks super bowl for the mariners. Just getting to the world series. Okay are just gonna root for the crack and when they come to or no..
"eighty" Discussed on Baseball Together Podcast
"Of feeling yes and save for me. Randy johnson has like just such a special place in my heart. I feel like you can't leave him off because like i said the role that he played on that team in those playoff runs like he was a twenty game winner in ninety seven when the mariners made the playoffs again he was an all star that season he was also an all star. Ninety three ninety four ninety five won the cy young award ninety five and like he didn't strike fear or king felix did not strike the feared two batters. That randy johnson did. Hey now that's that's the one hundred percent true. There's because again. Are you with that. Because i feel like with with king felix a nervousness of you. Know what's gonna come but you still can't hit both randy johnson. This guy might have a screw loose. I don't know where the ball's gonna come. He probably doesn't know where it's going to come. And i don't know if it's going to be one hundred. Three mound are fastball over. It's going to be in ninety. Nine are slider. Yep you know so like there was like a physical fear put into batters that very few other patriots have had course of over the course of a lifetime. He threw his first. No no in nineteen ninety cy young award winner ninety five and four thousand. Eight hundred seventy five strikeouts. That's strikeout nine of ten point six. Yeah he also had one thousand nine one thousand four hundred ninety seven walks which is pretty good for a guy with those kind of control issues and you know just shy at seven feet tall. Yeah yeah that was. One thing that i thought was funny that that yes the ball is coming out of his hand at one hundred plus because he's stepping halfway to the to the plate and he had he had a unique motion. You know a lot of guys have their arm at ninety degrees when they throw but he had that three quarter arm slot cocked. Where was yeah. Yeah it was like a sling. Coming out of there where yeah especially. Since armor so long for left handed batter the ball is starting four feet behind. You then have to swing back across the plate. Everything feels like it's coming at you at that point. Yeah yeah so as long as mustaches. And his mullet. That moore was males. But he just wouldn't been stockcar. That's the only difference. Exactly exactly the one problem. I have with randy. Johnson is that he went into. And i don't blame him for this. He went into the hall of fame as a diamondback as an arizona diamondbacks and you know he. He had good years in arizona. He won a world series of the diamondbacks. So i totally get that. They always wish that he had gone in as a mariners because he had he was so dominant in those years. But you know i can. I could see it because he was one. Two three four five time all star with the diamondbacks last time was when he was forty so it is what it is whatever. It's fine he's he's my he's the fourth guy. My mount rushmore. That's pretty good man i. I can't argue with you As far as not picking king felix. What i can do is tell you that you've left out. Arguably the most important personality in the entire franchise off your mount rushmore. Oh.
"eighty" Discussed on Baseball Together Podcast
"Love that. Yeah yeah. I did used to like that. Because growing up. American league team internationally team like i've always been a mariners fan but because we had tbs we can watch the braves braves fan just like every other kid everybody. Yeah who didn't have a national league team you know so my dream match-up in the world series was the mariners and the braves right you know and i never i always never got it but then when in league play came came along asking like It's actually not that exciting right now and it's not exciting. Yeah it took all the magic away from those opportunities in the excitement of hoping for your teams to play each other was better than whatever they thought the result would have been by having them. Actually play a four-game series or whatever three game series. So i think the if you bring back the pennant races and if you keep them keep most of the intellect interleague play out then you end up with more magic and more fun and whatever it's subtle and it's a slow burn and that's the way baseball is you know so keep it the way it is bad. I'm a traditionalist. I know i am. And that's cool. thanks now. i'm a little bit more liberal when it comes to baseball stuff. Yeah you are at makes it work. You got it. Let's go ahead and wrap it up. Bring you wanna plug the shop force yet baseball family. If you're watching on youtube you always know the cool swag were wearing. And if you're listening on audio we will now jump into a soliloquy about We're wearing no just kidding..
"eighty" Discussed on Baseball Together Podcast
"From that short break baseball family so we have for you some pretty good news. I would say at least news read there. You go like that We have some pretty good. Sorry well excited this spring training starting in a month me to tell him that's encouraging it's going to start on time and it will be good The only problem is that I so fans can go to the games. What they're saying right now fans will be able to attend the games but you can attend workouts which is like the bonus you get by going to spring training that i mean i've done it. I did it last year. My need need to get video up on that on youtube because it was pretty cool but yeah you get to go you walk around and you you stop the players going from field to field. Whatever wilson got much autographs but There won't be any of that this year. It's just strictly a game day experience but it's going to be like a lunchtime game day experience. 'cause they play your noon everyday got that. Mlb says there are no plans at temperatures or get proof of vaccine or onsite testing So they're not gonna make a sweeping indoor sweeping declaration that that's going to be a thing that has to happen. They're leaving it up to the teams and to be honest with you. Something that i've learned in the last year is the most of these facilities are actually owned by the city So the city could probably could quite possibly step in and make that declaration. Yep of course you know saying that. Like we're requiring. Were requiring onsite testing for anybody who comes in that might not be up to the teams that could very well be up to the city. That's a good point so we'll see what happens there Being said brig would you. Would you make it a point to go to a spring training game. That was the situation year. In fact i mean. In fact i have friends in sarasota springs florida and they've been just really chomping to get me down there and i'm thinking like this. I might as well do that. You know like the perfect time to do it. And let's do like what you know and i don't wanna be like flip into irresponsible about the situation or anything but i mean we life must go on so if they can do it safely and if i feel like that. The implications are acceptable rate. That the risks are acceptable than yeah. Well mine i don't mind going. I've never been to spring training. It's been so my bucket list. Yeah and see for me like this is kinda the funny thing so i'm actually probably better off going to a game with a mask on because i have a peanut allergy. All the talk people always ask me so you have. A peanut allergy had eighty baseball games. Like i don't know what's outdoors. Just try to settle in the end. I'm good you know..
"eighty" Discussed on Baseball Together Podcast
"Why would you please back that up. While i vomit into my sweatshirt. Okay so the yankees. The last couple of years have been like up and down as they come. Yeah right like the highs have been really really high. The lows have been really really low for sure and then come the playoffs. It just doesn't seem to workout. You know this is a chance to prove that. Prove everybody wrong about the astros and everything you know about the last few years. He just couldn't do it. Just couldn't make it through the playoffs. The dodgers on the other hand have consistently been the best team in baseball. Yeah you know it remains to be seen in the playoffs. Sometimes and you know a lot who are going to hold the shortened season against them but every it wasn't even playing field so you shouldn't But they. I mean they've gone on some of the longest winning streaks that we've seen the last two three years that they are a steady hand you're almost guaranteed to win to some degree in l. a. And i think he's a guy who just wants to win wants to go out there do his job. He's not gonna doesn't have to carry a team offensively because he was. He and luke void were the only consistent like the only guys who were consistent at all on the news and if he's if he's a dodger he's not to do that he's got guys around him who can help carry the load. He's got guys on base all the time who can drive in if he's in one or two behind. Mookie betts i was going to do is hit on the gap home run. Yeah where which you know. A dj lemay homerun is not outside of the round possibility. Obviously not at all at a dj lemay. You double is soup. Excellent as well as super possible. You know so. I i feel like he's going to go to the dodgers is because he wants to win. I don't know if it's necessarily a money thing. I think that they're probably like i said it's working out some of the some of the final details but because he working on it for a little while. But i think that's what's gonna have. Well what i think position would he play second base. Yeah okay fine. I agree with you. Kike kiki hernandez is out. He's out yet he gone. He got home. Why you got so here. So i.