35 Burst results for "Five Days Later"
The Breakdown
A highlight from How the Crypto Investing Landscape Has Changed
"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 Sunday, September 24. And that means it's time for Long Read Sunday. 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. Welcome back to Long Read Sunday. Today we are getting into a topic that relates to maybe one of the biggest themes that we're watching right now, which is capital fun flows and the institutional engagement with the cryptosphere. Now, our piece today comes from Jeff Dorman, the CIO of ARCA, who has some really interesting insights to share about the time that he has been running his fund. The piece is called What I Learned Managing a Crypto Fund for Five Years. And because I am recording my sixth podcast of the day, I am going to enlist a little help from AI me, but I will be back as regular old NLW with some wrap up thoughts at the end. I've been running a crypto fund for one thousand eight hundred and twenty five days. ARCA just achieved a major milestone, reaching a five year track record of managing outside capital in our liquid hedge fund. Five years in any other industry may not seem like a long time frame, but in crypto, we often joke that one crypto year is equivalent to five normal years. And with twenty four seven trading hours, it's not untrue. During these past five years, I have seen many of our peers come and go, leaving a bit of survivorship bias as it pertains to crypto asset management. As chief investment officer overseeing this fund, as well as three others under the ARCA umbrellas, I experienced firsthand the evolution of this industry through good times, bad times and constant innovation. The five year anniversary provided a natural timestamp to reflect upon what I learned about managing money and about the industry. Here are five of the most important takeaways from managing a crypto portfolio for the last five years. In short, investing in these markets is very challenging. One tweak assumptions and risk models. This perhaps goes without saying to any person who has invested in this market, but this is not an easy asset class to invest in. For starters, the frequent booms and busts creates a false sense of liquidity and an often accurate depiction of expected beta and returns. All risk models, expected loss provisions and sizing parameters are based on historical data and correlations, which change incredibly quickly. There is a reason why most funds in this space are early stage venture funds, where many of these real time market related issues are not relevant. For those like ourselves who manage liquid funds, it is a constant game of tweaking assumptions and risk models to interpretation over speed. Contrary to popular belief, just because crypto markets trade 24 seven globally does not necessitate 24 seven trading coverage. Overtrading every tick is costly in any asset class, and the additional hours of crypto trading often try to lure you into more activity. But the reality is that the fragmented global investing landscape actually gives you more time to react to news and information. While there will always be bots and algorithms that react immediately to news, much like after hours equities trading post earnings, these initial knee jerk reactions are often wrong. And since one third of the world is sleeping at any given time, it often takes days for the true market reaction to play out. A correct interpretation of information is much more important than the speed with which you react. Three, careful documentation is crucial. On the flip side, the 24 seven workday does lead to difficulties not seen in traditional markets. In TradFi, even your worst day week eventually comes to an end, giving you ample time to reset and think through decisions while markets are closed without price gyrations clouding or influencing your thought process. In crypto, these natural resets often don't exist. Take the events of Terra Luna, for example. The entire unwind of a 30 billion dollar ecosystem happened within three days, with continuous trading and new information flow over the 72 hour period. We made decisions during this stretch that in retrospect would not have been made with more of a grace period. And we have since learned how to better implement risk management during a future period like this. In hospitals, mistakes don't often occur because doctors are overworked or tired, but rather because of improper handoffs to the next doctor who lacks that full set of information because the previous doctor failed to document fully. Crypto asset management requires similar knowledge, handoffs and documentation for balance between short and long. In debt and equity markets, quiet periods of time, summer holidays often lead to slow grinds higher in price. It is expensive to stay short and dividends and coupons continue to accumulate, adding more buy interest to the market. The opposite is true in digital assets, since the majority of crypto projects accrue value through network activity, slower periods of time tend to slow momentum of an asset. And since most assets have no distribution of cash flows, the cost to short is minimal. As such, negative price action tends to be more prevalent when markets are slow, leading to difficult decisions with regard to hedging and long exposure. As a result, active management continues to trump passive indexes. Rules based passive index strategies simply cannot keep pace with the innovation and changes to these markets. Similarly, these indexes can't take advantage of the volatility, which creates quite a bit of alpha. Over time, this will likely change as the market matures, but we're not there yet. Building a good team is fundamental for success and incredibly challenging. I've worked for seven different financial firms over the past 25 years. I've seen thousands of resumes and have interviewed hundreds of people. I've worked personally in just about every financial department, banking, trading, research, sales, business development. If a TradFi Wall Street firm asked me for a candidate, I could find them one pretty easily that best fits their needs. Five, hire people passionate about the industry. But what are the best attributes and qualifications for a research analyst in crypto? What makes the best trade ops person? Who is best suited to handle investor relations? These are still not easy questions to answer in crypto. During the first few years of our fund, we took what we could get, which is to say, whoever wanted a job. The pay sucked, the hours were long, and the future was very uncertain. Anyone who wanted a job in this industry in 2018 shared a true passion for blockchain success and was willing to learn any part of the job necessary to succeed. Most people who joined this industry pre -2020 are still working in this industry, and their job responsibilities evolve in real time. But in 2021, I could have handpicked any person I wanted from every major bank, brokerage, and hedge fund, who all had zero crypto experience but saw big money ahead. The resumes were pouring in. Many of these employees didn't work out. In 2023, we're back to the passionate souls who will do anything to work in this industry. Six, everyone wears multiple hats. This is a very hands -on business where research analysts have to test functionality of applications, challenge status quo financial modeling, and network live with other industry veterans at conferences. Traders have to navigate back and forth from US macro to Asian currency markets to crypto -specific on -chain wallet movements depending on the current correlation du jour. Back office employees have to test new service providers every three weeks to keep up with changing regulation, best practices, and LP demands while navigating constant bankruptcies, closures, and hack attempts. The common denominator seems to be a real willingness to test new theses. If you give 10 equity analysts the same inputs, they will give you largely the same answer and will present the same homogenous modeling techniques to arrive at this answer. If you give 10 crypto analysts and traders the same inputs, they will most likely give you 10 different answers using entirely different analyses. That's refreshing and often leads to outsized alpha, but also creates challenges when it comes to creating a repeatable formula for success. Seven, trade ops is the most important department. When I worked at credit and equity funds, the back office was overlooked. They were usually young kids eager to move into a real trading role as soon as they could. The job was basic blocking and tackling. Make sure trades settled, make sure your brokerage statement was accurate, and make sure the fund admins did their job. Compliance teams were there simply because they had to be. We all knew the rules, we obeyed them, and if there was any doubt, we checked with compliance but knew the answer would be, don't do it. We should be so lucky in crypto. Trade operations is the single most important job in crypto. You have to touch the assets every single day and a single mistake could cost the firm millions of dollars. As a result, not only do these need to be the most trustworthy people in the firm, but they need to build redundancies that can still operate even if they themselves vanish. Getting into a trade ops role is more glamorous than getting out of trade ops, and those who build their careers in this subset of the fund business end up learning the most about blockchain. Similarly, compliance is not an afterthought in crypto. Unlike in TradFi, it cannot be assumed that your employees know the rules, as most come from completely different backgrounds than Wall Street. Constant education and monitoring is a must. Further, a compliance officer can't just read the rules and assume compliance since there are few clear rules to follow, despite Gary Gensler telling us otherwise. To do your best as both a fiduciary and a law -abiding company is a Herculean effort. 8. The sell side is getting better. In traditional finance, the sell side offers a pretty valuable role. They underwrite new transactions, create novel financing ideas, advise companies on how best to participate in the capital markets, facilitate trading in existing securities, write research on new and existing securities, and pass along market color between participants. Both full -service investment banks and niche broker -dealers exist, but regardless of whether you use a one -stop shop or piecemeal the services with multiple firms, the services themselves are all covered. While the sell side is getting better in crypto, it is still incredibly fragmented and many of these services still do not exist. As a result, fund managers are often on an island, forced to manufacture its own deals, structure its own financings, and do its own research from scratch. Written research from OTC trading shops has greatly increased in volume and improved in quality, providing a necessary channel check on the state of the markets. But the trading itself continues to be very exchange -based, black box, and therefore lacks natural axes between investors. Trading color about flows and activity has improved, but there are fewer market participants to glean information from. There is still no full -service investment bank, and in fact, true investment banking services for underwriting and advisory of token launches is probably the biggest white space going forward. I'm constantly shocked at how few well -known Wall Street capital markets tools are utilized within crypto. Most token launches are doomed from the start. From low float, high fully diluted valuation, FDV token launches, to direct listings at insane prices, to poorly written tokenomics, token issuers, who are often developers and lack financial knowledge, continue to have to come to market without the assistance of those who know how to do this best, which subsequently leads to worse investment opportunities for asset managers. Some service providers are getting a lot better, like Custody Solutions, OTC Trading, and Options Liquidity. Still, others are getting worse, like fund admins and auditors, who in the wake of FTX are pulling back from these offerings. On the tech and research side, it's amazing that Bloomberg's crypto services continue to be irrelevant. The coverage list, their index, and all functionality is still from 2017 and does not take into account how much this industry has grown and evolved. Fortunately, newcomers like Nansen, Masari, Glassnode, Dune Analytics, Telegram, and others have innovated fast enough to take this corner, and we are grateful for these companies. It is entirely possible to run a crypto fund in 2023 without ever logging into a Bloomberg terminal. Overall, fund management is still challenged by the lack of sell -side tools. As the sell -side improves, so will the number and breadth of funds. 9. The investor base is getting smarter. When we began our fund five years ago, we knew the educational journey for prospective LPs would be slow. We were learning constantly as we invested and doing our best to educate interested investors in real time, but it was not practical to expect anyone who wasn't focused full -time on this industry to keep pace. Questions from prospective LPs tended to focus more on how we invest versus what we invest in, and there was definitely a bit of a leap of faith by investors. Fast forward to today and the script has completely flipped. LPs are getting much smarter about the asset class and the investment universe, thereby asking better questions. In some cases, the LPs now know more than we do as they are exposed to different areas of the industry that may not be in our everyday focus. That said, the amount of bad information that continues to flow effortlessly through the media and influencer accounts continues to reach LPs as well, often surprising us in regard to certain topics of interest that we deem irrelevant, but our investors believe are topical. As investors start to become more digital asset savvy, they want far more control over investments and specificity has increased. Asset managers in this space have launched highly specialized funds based on investor demand, including DeFi focused funds, NFT funds, etc. Many asset managers, including ARCA, have started creating funds of one inch that allow for more specificity, but provide the professional team to manage the investments. In 2018, if you asked us, we would recommend going with a professional investor, but as information is more readily available and UI UX of projects get better, we encourage retail investors to research and invest. However, to generate alpha where information asymmetry exists, it's still valuable to have professional fund managers who can take advantage of the 24 -7 news cycle, market volatility, and a murky regulatory environment. Overall, running a fund in this new and innovative space has been incredibly rewarding and we look forward to the next five years. Fund managers will continue to straddle the line between becoming more TradFi -like and adopting best practices of Wall Street, versus finding ways to take advantage of crypto -only opportunities, yield farming, airdrops, testing new applications. The most important factor for success in the digital asset space is faith in the future. We have to believe we are at the frontier of building a new financial system that has the capacity to transform society. While we fully expect bumps in the road and pushback from incumbents benefiting from the status quo, we know that as long as we continue to move forward, fight for the necessary changes, and adapt as needed, this industry will succeed. Okay guys, back to regular old non -AI NLW. The thing that stands out to me after reading that article, as trite and as cliche as it sounds, is just the how early we are theme once again. Every cycle it feels like we see it as the mass flow of new institutions into the space and to some extent it's true. We obviously got a lot more market participants from the traditional sector last time around than we had before. It feels, however, now that we're inching ever closer to a period in which those traditional actors aren't just tourists, but are long -term participants in the space. Certainly right now you have an interesting jockeying for position where the Blackrocks and Fidelities and Franklin Templeton's of the world are laying the foundation for what seems like a much more proactive end -to -end from the beginning of the cycle on through whatever happens after kind of approach. I've said before and I'll say it again that I think Blackrock's ETF application will mark a significant pivot inflection point of this cycle when we look back at it historically. I think we will see it as a firewall that stopped whatever further slide might have happened and reinforced for market participants that crypto, despite being as down as it was in every sense of the word, was going to come back. And so I think about Jeff's next five years running a fund and how different they'll look. The different participants that will make up the market. The different ways in which people will engage. It's pretty hard to imagine from where we are, but it's certainly interesting to think about. Anyways friends, that is going to do it for today's Long Read. I hope you are having a wonderful fall weekend wherever you are. Until next time, be safe and take care of each other.
The Maverick Paradox Podcast
A highlight from The productivity trap
"In this episode I speak to Kate Cocker about the productivity trap and the importance of everyday happiness for leaders focusing on mindset and effective communication. We discuss the importance of maintaining a positive mindset and finding happiness in your work, realising that happiness is a personal responsibility and that taking control of your own happiness leads to a more fulfilling and productive work life. In this conversation we also look at the importance of communication and understanding expectations in the workplace. I create clear thinking and decisive leaders who can amplify their influence. Contact me to find out how I can help you or your organisation. And today our guest is Kate Cocker, how are you doing Kate? I'm good thank you Judith, how are you? I'm good and it's very warm here. It's very warm. I've just come back from Kenya and I can report that it was cooler there than it is in the UK right now. That is absolutely crazy talk. I know, I know. Crazy talk. So Kate, what makes you happy in life? What makes me happy in life? My brain immediately goes to being on the water. So I love my paddleboard, I like going out on my paddleboard and spending time on the water just being able to think and empty my brain and that makes me happy and my family make me happy as well. And also just feeling like you're being productive, I don't know if you have that, that productivity hit that you could sometimes get. Feeling like you're moving forward as well. But yeah, my happiness is really, you know, if I think about the things that make me happy, my brain goes straight to the water. That makes sense because it's so peaceful and there is a thing about being in nature isn't it that makes a big difference. Yeah, and I think as well, like if I ever get to do some open water swimming with friends, I'm always quite alarmed by how the world looks different when you're looking up at a duck. That makes sense. When you talked about happiness and productivity, it's interesting because that doesn't make me happy, but it would make me unhappy. So if I was not doing things in a productive way, I would be unhappy, but it wouldn't be a source of happiness. That's interesting, isn't it? So talk to me a bit about that. So what makes you unhappy about the productivity element? Like not achieving that, sorry. Well, it's just a waste of time and effort, isn't it? It's just like, what's the point? I'm very much one of those people that I don't run lists, so I don't do lists of it. I put it in my diary, right? So if it's not diary worthy, then I'm not going to do it anyway. And if it's in the diary, I like looking in the diary and going, right, today there's these things and here's the time, which of the times I'm going to do it, and I just do it. I run by the diary and I just don't like lists because it feels like lists are running me rather than I'm running the list. And almost everybody I know who runs lists never complete them. So again, for me, it feels like a waste of time and effort to write down a list of stuff to do, which you're not going to do, it seems a bit silly. Whereas I guess for me, I make the decision, I'm going to do something as I put it in the diary. Yes, I'm led by my diary. And it's funny, I've got friends who say, you know, they have other friends who will say they're going to do something and then don't, but if it goes in the diary, I'm almost like I'm controlled by the diary. I'm like, I'm there, I'm committed and I'm in. And if I don't make it, I move it. But you move it. You go, I can't do that today. So I'll move that. Yeah, absolutely. But I am a list maker as well. I've definitely had to learn that there are two things. One is that really there should only be two or three things on your list, right, each day because then you actually do feel like you tick them off. But the list is always going to be there. So I seem to have wrestled with that slight disappointment of not getting things done is now replaced by, you know, it's okay to step away from the list. It's almost just a tool for me to remember, you know, I'm actually more afraid of forgetting. That makes me unhappy when I forget. So actually having the list is a useful tool, I suppose. Yeah, I think for me, the very few times I'm on a list is if there are things that is a discrete thing, so like if I'm designing a new website, and then I might start putting things on the list of things to do, but in my head, I call them, it's my snagging list. Yes, I like that. So it's things that is like, you know, it's the snagging list as opposed to a list of stuff to do, but then that maybe that's just the way my brain works. Yeah. And you have to find that. I mean, I do think that there's a level of, especially for business owners, we do fall into the productivity trap, don't we, in terms of having to get things done, like feeling like we've moved the needle every single day is the key to the happiness. As you just said then, like if you have a list and you don't tick things off, it can be a real source of disappointment and unhappiness. So whatever works for you, really, you know, the biggest trap that people fall into, I think, with lists is that you write this huge long list and you forget to do what you do, which is allocate the time to the task. And then it's always very frustrating when it takes a lot longer than you were expecting it to, you know, but at least if it, you know, I am exactly like you, if it goes in my diary, it gets done. And if it's on the list and it doesn't get done, well, you know, it'll find a place in the diary and wait till tomorrow. I think that's what you said. There was a key, allocating time. So I think I've got a project to do. I will allocate the time and put multiple points in the diary of the amount of hours I think it would take. Yeah. Whereas I think you're right. You look at a list and somebody says, I don't know, I don't know what people list like, clean house or something. It could be 10 minutes or five days, couldn't it? Yeah. And that's where the frustration comes because, I mean, it's the time management thing, isn't it? It's like, I remember starting in work and having to learn how to manage my time by writing lists of, well, tracking what I was doing in the day versus how long I think things took me. And that's where the wrestle, I think, of unhappiness comes because you can only disappoint yourself when you're setting yourself up to fail. If you haven't actually assessed what it is that you want to achieve and how long that's going to take you and have got good at understanding yourself, then that's when the disappointment and the unhappiness flies in, I imagine, because you're constantly just looking at all the things you've not achieved.
Bloomberg Radio New York - Recording Feed
Monitor Show 16:00 09-21-2023 16:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand. You get context, and context changes everything. Go to Bloomberg .com to get context. What Carol said. All right. Well, you know, I'm glad we're thinking alike here. I look at the indexes and how they are below these key technical levels. Volume, it should be noted here, is higher than average. About 6 % above, I should say, the daily average to last five days. And remember, for all the up changes, the upside changes that we've seen in price targets, a lot of those analysts and strategists have said that it is possible we could go back and test some of the year -to -date lows, and at least for today, we're starting to see that effect. The Dow Jones Industrial Average lower by about 1 % on the day, down about 370 points, right around that 34 ,000 level, while the S &P 500 looks like it's going to finish the day right around 4 ,329, down about 72 points, or 1 .64 below that 100 -day moving average. Similar story for the NASDAQ Composite, which is lower by about 1 .8 % on the day, and the Russell 2000 also lower by about 1 .6%. Yeah, Roman, and a sign of the bearish sentiment and risk -off trade. Look at the S &P 500, 465 names to the downside today, 37 to the upside, one unchanged. If you look at the NASDAQ 100, you've got 95 lower, Scarlett 6 higher for the day, so really investors not really wanting to even think about being even a bit bullish, it feels like, in today's trade. Yeah, well, look at the … And can I just say, too, this was one of those days where you had basically 90 % of the S &P in the red, and that's something that is, at least as of late, has been relatively rare. Absolutely. And that shows up in the industry sector performances, too. This is the S &P 500's two dozen industry groups. You can see everything is down.
Crypto Curious
A highlight from 96 - Token2049 Highlights, Binance's SEC Showdown, Yuga Labs Update & Friend.tech on roids!!
"One of the big questions is - What is money? For practical purposes, it exists in a series of heterogeneous databases, very different databases. Do you believe in crypto? Digital currency may be an answer, but it is a highly respectable disaster. I'd go on Bitcoin. There is no second best. Welcome to the Crypto Curious podcast, proudly brought to you by the Bamboo app. Crypto Curious is your go -to source for all things cryptocurrency. Whether you're a seasoned pro or new to the world of crypto, we've got you covered. Each week, we'll break down the top news stories of the past seven days, giving you the information you need to stay on top of the latest trends and developments. Plus, we'll share quick bites of news and insights that you won't want to miss. If you're new to crypto, we recommend starting in our early episodes, where we break down the basics and give you a solid foundation to understand the crypto world. Join us as we explore the ever -evolving world of cryptocurrency and educate ourselves along the way. On today's episode, we'll give you a complete rundown on the token 2049 event that Blake and I attended in Singapore last week. Sneak peek, it was pretty amazing. Then we'll get into a number of big stories over the past few weeks, including Yuga Labs producing a movie, Binance are in hot water again, the Friend Tech field day, and we can't miss out on more FTX shenanigans. So stay tuned. My name's Tracey, and I'm joined by my pals, Blake and Craig, as we catch up on the crypto news. Hey guys, how are you going? Very well, Trace. Back in the swing of things this week. How are you? Yeah, good. After a week off. Did you miss us, Craig? Yeah, sure. No. That convincing. was I got an extreme FOMO from the group chat photos that you were sending and the talks that you guys went to that looked like a lot of fun, and I wish I went, but maybe next year. Yeah, definitely. Definitely next year. Maybe we should just dive straight in then and talk all about the token 2049 conference, which is the largest annual digital asset events in Asia and Europe. And this year it was bringing together the leading voices and the most sensational projects in Web3. And we did. We had an awesome time. Singapore is amazing. It was my first trip to Singapore. And Blake, give us your initial impressions and what you loved about the event. Yeah, so this is probably the biggest crypto conference in Asia, really. And I think about 10 ,000 people came to the main event itself, but then there were also about 400 side events, more than you could pick, or even too many, too many, really. And really, I think it's an industry focused event. You know, there weren't that many retail investors coming along. Tickets were priced accordingly. And yeah, it was an incredible event. They brought the who's who of the crypto industry to speak, talk about where the other projects are at and what the future looks like, the state of regulation and where we are in the market cycle. And it was fascinating to be there learning and hearing about how everyone else in the industry is thinking. And there was certainly no indication of us being in a bear market. My God, no, it was money, wasn't it? It was out of control. You know, the big exchanges were, were splashing cash around. The Formula One was on at the same time. So lots of people added a bit of excitement, didn't it? Yeah, we're coming over for that. And yeah, we could probably, you know, maybe give us your high level thoughts, Trace, and then we can get into a couple of the interesting things that we learned. Yeah, look, I think it was a really vibrant atmosphere. There were some excellent speakers. I was impressed with the setup. And the event ran really smoothly trying to get 10 ,000 people in over two days. You know, you'd expect a few hiccups, but there wasn't. I thought it was pretty, it was pretty well done. You know, there was a real big emphasis on, on building. And like you said, you certainly didn't feel like you were in a bear market at all. There was just money being splashed everywhere. Lots of giveaways, you know, certainly went trying to get a bit of merch to make Craig feel jealous. Definitely got a few to pop into the chat. What about the talks, guys? Like, which one was your most impressive project, most impressive person that you saw? Yeah, there's a couple that really stood out for me. Firstly, there was a talk on stablecoins, looking at the data and the adoption rate. What was really interesting is that you're even through this bear market, the stablecoin adoption rate has is increasing as you know, the crypto prices go down and less activity happens on chain and on exchanges. And this is really pointing towards the utility of stablecoins and what they're going to mean for the future. And importantly, what was recognised in that talk was that in the US, US -based stablecoins are being used less and less and offshore and algorithmic stablecoins are being used more and more. And this is really because of the regulatory pressure in the US market. People don't want to interact with US businesses, essentially. And, you know, probably the second most interesting talk that I saw was, you know, the founders Yeah, that was my favourite. Yeah, that was interesting. I didn't think I'd love it as much as I did. But I think me and you both sat there and was like, this is really interesting. Yeah, we had the founder of Polygon, the founder of Arbitrum and the founder of ZK Sync. You can see that the ZK Sync group, probably the most technologically advanced and that's a scaling solution that uses zero knowledge protocols on top of Ethereum. And yeah, definitely the most advanced, you know, scaling solution on top of Ethereum. Secondly, your Arbitrum is very focused on research and creating a really great product that anybody could use. And of course, Polygon's focus is on business development and getting adoption from web two companies. So coming at it from three very different angles there, but all for the same purpose of increasing adoption and scalability of the layer ones. I really like that layer two talk, but much like a music festival, you had to pick who you wanted to see because they're all overlapping. There was, you know, there was a main stage upstairs, another one downstairs. There's a few different talks. I ended up stumbling into the Neo founder, do his chat, which was really interesting. I quite liked that one. And for everyone's information, Neo is a layer one blockchain that was founded in China, very much focused on, you know, being an Eastern kind of competitor to Ethereum or so on. You guys remember the Chinese Ethereum narrative and it pumped Neo like 200X? Been around for a long time. Yeah. So you just kind of, but there was a lot of stans, a lot of people, you know, shilling a lot of different things and, you know, you could kind of get lost there for a while. There was a strong push for mainstream adoption through Web3 and gaming. And I think that was on a lot of panel discussions and a lot of side events were also pushing that. I know Animoca Brands had a lot of big events as well. So I think that was a big focus also. I think we didn't get to see him, but Robbie from Immutable was over there speaking as well. Now, was there one project that you didn't hear of that sort of came across a token at the conference? Like, was there a project that you put into your watch list? Not really. Just the big dogs just reinforcing there. Yeah. Just talking about where the innovation is moving, you know. And one thing that really stood out to me is that, you know, the regulation conversation just isn't that prominent in Asia because the regulation in Asia, the regulation in Asia, there's no issues. And, you know, I think that we can easily have a US -centric point of view sometimes. But in Asia, they're ready to do business there. You know, there's lots of investment happening. There's lots of deals happening. There's lots of growth happening. And some of those stories we'll talk about in today's episode. All in all, the event was memorable one for us and worth attending for our team. And it really did reinforce, you know, our love for the industry and just how far we have all come. And so if anyone's referenced token 2049, the next event will happen in Dubai in early 2024, in April, I believe. So you can check that one out. In April? That's only like six months away. I know. I did say to Blake that I thought that was quite soon. I think they have multiple events. You know, they have them in different regions. There you go. Well, I'll go to that one for the crypto curious community. I'll fly the flag. Cheers. Now, folks, we're going to mix it up a little bit this week, and we're going to cut out our short, sharp news bites at the end, and we're going to go to a few biggest stories because, as you know, we missed our show last week. So we're going to cover off a few biggest stories, starting with Franklin Templeton, a large asset manager who has joined the race for the holy grail, the Spot Bitcoin ETF. As we've previously reported, the aim of many of these leading institutions applying for ETF is to attract large institutional investors, which could potentially bring trillions of dollars into the crypto industry. So Franklin Templeton's ETF will be based on a mix of crypto exchange Bitcoin prices to deter price manipulation. So just another big boy entering the space and solidifying the general thesis that it is inevitable that this Bitcoin Spot ETF will happen. There you go, boys. What else are we going to catch on that's happened in the last few weeks, Craig? Yeah. So last week Vitalik, the Ethereum founder, he had his Twitter or X account hacked, and he shared a malicious link, and it actually led to just under $700 ,000 that was drained from people's wallet. So it was just a scam. People connected their wallet, got drained. But it was coming from his official Twitter. Right. Okay. This was due to a SimSwap attack. Right. These big dogs, even they get hacked. So stay on it. Stay safe, everybody. Yeah, we had that story a couple of weeks ago where your people's private keys were being stolen from their password manager, which had a vulnerability. So even when you're doing best practice activities, you know, sometimes you're still not safe. Can't trust anything. All right. Next up, we have a story that came out on the 13th of September. So received FTX approval from the US bankruptcy court to sell and hedge its crypto holdings valued at $3 .4 billion. That's a lot of bloody crypto. This is when everyone was freaking out about where they were going to drop their salon. Yep. Yeah. So we talked about Galaxy Digital was engaged to help, which is a big crypto focused asset manager to help the liquidators or the administrators sell down these assets. So what they have is $1 .16 billion worth of Solana and they have $560 million in Bitcoin and the rest in other tokens. So, you know, this is a little bit concerning. I think the Bitcoin market could probably absorb, you know, the sell down of $560 million of Bitcoin over, you know, a period of time. But what's the market cap, Craig, of Solana? Well, Solana is still, you know, in the billions. Let me just fact check. They can't sell all the Solana at once or it's going to be $9 .2 million of Solana released for them to sell every month, which I think is fine. So not all the Solana will be dumped in the market, but they have an $8 billion market cap. Yeah. And Solana did take a bit of a dump. I think it dumped around 5 % off this news. It's about 20 % of 15 to 20 % of Solana's market cap. But if they're smart, they're going to do this strategically over time anyway. Yeah, well, the three biggest holdings are Solana, Bitcoin and Ethereum. And then the other ones I've got is APT, Updos, Doge, Tron, Matic, Ripple and BNB. Very minuscule amount of BNB. So, yeah, this caused a bit of a shakeout, didn't it guys? Yeah. But, you know, I'm sure that they'll work on a strategy to release those tokens back into the market over time. I will potentially suppress price, but, you know, hopefully not for too long. Next one. This has happened over the last four or five days. The SEC has gone after the Stoner Cats project. I remember this one from a few years ago and mainly for its connection with Mila Kunis and Ashton Kutcher because it was, you could buy the rights to, it was a TV show, a cartoon Stoner Cats show. I think they only produced a couple of episodes and Mila and Ashton were the voices of the Cats. I think Jane Fonda was also one of the voices. So the SEC has charged a project for conducting an unregistered NFT offering that raised $8 million and one of the arguments the SEC used was that the entire, the entity promoted the potential for its NFT prices to increase in the secondary market, similar to all NFTs. So Stoner Cats agreed to pay a $1 million penalty and to destroy all NFTs in its possession, but they did not have to admit that it was guilty of the charges. So setting precedent there, so I'm not sure if that was the best way to go for them. And the SEC, you know, are really going for different projects at the moment. This wasn't the first one in recent weeks. So one to watch here, I know Elliot from our marketing team, who you guys see sometimes on our Instagram page, sent an article around talking about the SEC going after NFT projects and Guy from the Coin Bureau also made a big statement about it recently that he's slightly concerned. What are your thoughts, Blake? Well, I think there's a big lesson here. Don't sell cryptographic assets to Americans. Stay the hell away and you'll be fine.
Mike Gallagher Podcast
A highlight from FULL INTERVIEW - David Trulio, President & CEO of the Ronald Reagan Presidential Foundation and Institute
"Your challenge, if you choose to accept it, is this. Let's go, let's go! Show up on day one, work out with us for 30 minutes, feel good right away. Yo! Repeat five days a week for three weeks. Three weeks? Five workouts a week. We're a body, and we call that a body block. You pick the block and you're gonna love the experience. On week four, this part is really important. Take the week off. Seriously, we mean it. Rest, go on vacation, or try something new. Maybe some yoga. Notice you're not holding onto any tension here. Or a dance class. Get sexy with it, daddy. You do you, and then start again. Be committed to this process. Choose a new body block each month. Get a new challenge each month. Have fun every day. Avoid burnout. You're not gonna quit on yourself today. This is how you reach your goals. You in? There is nothing that we can't do if we work together. Sign up for your first body block today. Visit body .com for a free trial. That's B -O -D -I .com. Are you ready to get started? Mike Gallagher. Boy, we are in the middle of an election season, aren't we? The next presidential debate is gonna take place at the Ronald Reagan Library, the Ronald Reagan Presidential Library and Museum, which is the most visited presidential library in the country, and I urge everyone to see it. It is absolutely amazing to witness the beauty of it and the majesty and remember the tenure of one of the greatest presidents the country has ever seen. David Trulio is the president and CEO of the Ronald Reagan Presidential Foundation and Institute. As they are scrambling and getting ready, I gotta believe you're a busy man these days, David.
Dennis Prager Podcasts
A highlight from Shallow
"Hello, my friends, and whoa, let's see here. Adjusting. Haven't been here. I've been on the road for a week. Things need to be adjusted. Here we go. All's good, everybody. Dennis Prager here, finally back. Four time zones in five days. I do have a sense of my country. Many different countries in this country, but really two different ones, left and right. There's something that I need to stress aside from the moral character being so low on the right, but many of them are fine people otherwise, but the intellectual shallowness of the left is something to behold. There is no day that has passed in the last two months that some major medium has not attacked me and or PragerU. The attacks are so, so revealing about the intellectual shallowness of the left. You can't be deep and a leftist. It is not possible, literally not possible, because leftism is foolishness. It's like you couldn't be a communist and deep. Your perception of the world was so flawed as to enable you to do immense amounts of evil. I'll give you an example. To show how bad a person I am, they take one of my essays, which says that just as men have to be taught to control their natures, otherwise they end up engaged in terrible acts of violence, so too women have to be taught to control their natures, otherwise just as in the case of men, where their passions and appetites, etc. would rule them, women's emotions would rule them if they're not taught to control them. So across the board on the left, I'm called a woman -hater for saying that, but why am I not a man -hater for saying that men have to be taught to control their natures? Because they're so intellectually shallow, and because they believe that a criticism of just the nature of women, just as the criticism of the nature of men is important, you can't criticize anything about women. They are apparently, according to the shallow of the left, perfect. They don't have to be taught to control themselves or their nature. I'm actually called a misogynist, a woman -hater. And the comments of leftists also give you an idea of the intellectual level of these people. Here's one. He probably writes that because he doesn't get sex. This is a typical comment. There you go. That man knows my marital life. He probably believes it. Or she. I have no idea. They never put their names in. Your children are being taught not just often by sick people, truly sick, not always by any means, but often, who truly do believe that sex is not binary and that children should be exposed to drag queens at the age of five. But these people are intellectual midgets. That's the other part you should understand. When they attack PragerU, they are attacking an intellectual achievement that so dwarfs that of the people who attack us as to be laughable. I could literally read to you for three hours attacks on us because Oklahoma, Texas, and Florida are considering allowing teachers to use our materials and classes. God forbid children should be taught to love their country. Literally God forbid, well, they don't believe in God for the most part, which by the way is something I am going to share with you later. There was a piece recently in the New York Times about the decline of religion in America. I need to read to you the comments. I'm sure you didn't see this, my dear, dear producer. The comments of New York Times readers about what a joyful day it is in America that religion is dying. Those are the most very rare for a one article to get 2 ,895 comments. This is from a sweet, usually foolish, not always man, Nicholas Kristof. America is losing its faith. So I will share that with you later on because a new story is out of another young person mutilated by the left, literally mutilated. If you don't understand that the left is morally vile, then you don't have a functioning moral compass. I distinguish between left and liberal all the time. I wish liberals made that distinction. There's another story about another mutilated young person because of the sick people who are called doctors and therapists. At 16, I was diagnosed with gender dysphoria in under an hour. This is from the Daily Mail. Is this from today? Yesterday, yep. And given sex change surgery after just two appointments, I am suing the doctors who permanently mutilated me. Is there anything in American history in which the medical profession has participated? And this is an open question. There might be. I mean, eugenics, would that be an example? Would be the use of blacks for the Tuskegee experiments? But this is so much more widespread, I believe, is it not? I don't know. I don't know enough about the, you know what I'm referring to with the Tuskegee experiments. It was very hard for me in life to acknowledge that doctors could be evil, partially because we so venerated doctors in my home. Doctors are close to God in Jewish homes. And my own brother is a distinguished doctor. So it's very hard for me to, just as it's been hard for me to acknowledge that religious people could be evil, because I think of a Bible -based religious person as almost inevitably inclined to goodness. That's not the case always, to say the least. It's very hard to guarantee goodness in this world. A woman who claims she was rushed into transgender surgery is suing the doctors who gave her a double mastectomy as a child. Wow. Boy, do I hope. The lawsuits, that will be the issue. I hope these people are sued into bankruptcy. I hope they are financially crushed. And the despicable children's hospitals, again, to think of the word despicable in the same sentence as children's hospital, can you think of a more beautiful place than a place that treats children? And look at what the left has done to children's hospitals, because the left destroys everything it touches. Say that when you wake up, when you walk by the way, when you go to bed, when you stand up, when you sit down, and you will understand what is happening in America. The left destroys everything it touches. Luca Hein was given the irreversible operation at 16 and says the surgery has left her with daily pain, while the hormone drugs may have robbed her of the chance of becoming a mother. The Minnesotan, now 21, suffered a traumatizing few years as a teenager when her parents went through a bitter divorce and she was groomed by a man she met on the Internet. Poor thing, poor thing. Yes, there is such a thing as bad luck in life, my friends. Religious people are annoyed at me for acknowledging that. It's hard for me to believe this was God's will. She became increasingly withdrawn and spent more time online where she began following trans influencers and became convinced she was born of the wrong gender. Luca claims she was diagnosed with gender dysphoria by a therapist within an hour during her first session and was referred for top surgery after her second appointment. Top surgery. The left comes with great euphemisms. We shall return. I'm Dennis Prager. Gold dealers are a dime a dozen. They're everywhere. What sets these companies apart and whom can you really trust? This is Dennis Prager for AmFed Coin and Bullion, my choice for buying precious metals. When you buy precious metals, it's imperative that you buy from a trustworthy and transparent dealer that protects your best interests. So many companies use gimmicks to take advantage of inexperienced gold and silver buyers. Be cautious of brokers offering free gold and silver or brokers that want to sell you overpriced collectible coins, claiming they appreciate more than gold and silver. What about hidden commissions and huge markups? Nick Grovitch and his team at AmFed always have your back. I trust this man. That's why I mentioned him by name. Nick's been in this industry over 42 years, and he's proud of providing transparency and fair pricing to build trusted relationships. If you're interested in buying or selling, call Nick Grovitch and his team at AmFed Coin and Bullion, 800 -221 -7694, americanfederal .com, americanfederal .com.
What Bitcoin Did
A highlight from Orange Pilling Through Sport with Steven Nelkovski & Patrick O'Sullivan
"The beautiful thing about Bitcoin is if it works with baseball, it works with anything. If you think about value for value, the model, it changes everything. Right. Hello. How are you all? Hello from Lebanon. What a cool country this place is. It's really strange. As I travel around the world, sometimes I go to these places where you worry about the economic situation, you end up meeting the most amazing, incredible people, most amazing resilient people, and Lebanon is exactly that. So I cannot wait to get this film out. Anyway, welcome to the What Bitcoin Did podcast, which is brought to you by the legends at Iris Energy, the largest NASDAQ listed Bitcoin miner using 100 % renewable energy. I'm your host Peter McCormack, and today we have Perth Heat on the show. We've got CEO Stephen and chief Bitcoin officer Patrick, Patrick O 'Sullivan. I was going to try and say Stephen's name. I think it's Nelkowski, Nelkowski, I think Stephen Nelkowski. Danny, what is it? Nelkowski. We've never had Danny on an intro before. Nelkowski. Yes. CEO Stephen Nelkowski. Now I've known Stephen for quite some time. When we announced Rael Bedford, he'd already announced his Perth Heat Bitcoin project, and then I met him out in Miami. He gave me a jersey, and we've kind of been knocking back DMs on Twitter for this whole time sharing ideas, talking about what they're up to, what we're up to. There is so much alignment between the Perth Heat baseball team and what they're doing in Australia and what we're doing with Rael Bedford over in the UK. And so yeah, I've been keeping an eye on their progress, been impressed with everything they're doing. They're definitely a little bit ahead of us, but there's so much alignment between us and them. And I know not everybody loves the football side of things, but this Bitcoin and sports thing, I'm telling you, it's so important. It's important on so many levels, there's so many chances to orange pill people by meeting them where they're at. And I'm telling you, Bitcoin and sports is going to be big. So give me your feedback. Let me know what you think. I hope you enjoy the show. Absolutely loved it. Steve is a legend. Patrick is absolutely beavering away like a legend trying to get all the Bitcoin stuff going for them. I'm going to be nicking some of their ideas. Hopefully, we will have some cool ideas. They can nick as well. But yes, let me know your feedback. Let me know what you think. It's hello at whatbitcoindid .com. Welcome, brother. Good to be on. Who's your friend? This is the chief Bitcoin officer of the Perth Heat. You actually the chief Bitcoin officer? That's it. That's the title. Chief Bitcoin officer. That's all I do. That's what I'm trying to get Ben Ark to do for us. You know Ben Ark? Yes. He doesn't even like football. But he comes along. He gets the whole thing. Great role to have. Emerging role. Yeah. You saw that job ad for that Bulgarian team. Yeah. That's amazing. Yeah. We've got a call with them. Joe Hall's trying to get me to talk to them. But there's two upcoming Bitcoin football teams, young whippersnappers. The league is expanding quickly. We've had a couple of recent inquiries from teams in Europe wanting to speak about what we've done with the baseball team. But as we've said so many times on Twitter and in comments that the Bitcoin sports league is a lot closer than what most people think. There's a lot of interest. Yeah. You beat us to it. I think you beat us to it. We had a couple of weeks between us, I think. Was it that close? It was. There was a nose between, I think, the two announcements. We were early November. I think you were late November, early December, something like that. We're talking 21, aren't we? 21? 20 said? Yeah. It was 21. Because I think I announced - November 21? Yeah. I think I announced December 21. Yeah. And we took over the team in April 22. Yes. That's right. Yeah. Yeah. Yeah. Yeah. You just beat us. Justin. So many things have changed since then as well in so many ways. What we thought we'd be doing in two years has just dramatically changed so quickly. It's awesome. There's loads we can get into and we're going to. But let's just do a bit of background stuff just for people listening so we can build the picture of what we're doing. So, like, introduce yourself, what you do, and yourself. I know we know you're the Bitcoin officer, but like, and then just tell people about Perth Heat, who they are, and then we'll build from there. Yeah, easy. So my name's Steven. I'm the chief executive of the Perth Heat, who are Australia's most successful baseball team. We've won 15 national titles. We've had 34 players who have played Major League Baseball. We've got an exceptional relationship with the Tampa Bay Rays, who send us out six to each eight players Australian summer. And these are top end draft picks. So one of the players they sent us last season, Junior Caminero, is on the verge of playing in the big leagues right now. So they send us the best of the best in terms of their young talent. And we build a squad and we play a season in the Australian summer. We've got a history of winning. We've got a history of producing great players. We're also the Bitcoin baseball team. And it's been, yeah, it's been an incredible ride. How big is baseball in Australia? It's big. It's look, it's obviously we've got the big sports in terms of Aussie rules. You've got rugby. You've got strong national teams with the Australian cricket team. You've got the Socceroos, you've got the Matildas. So it's not a tier one sport. But in terms of the quality of the competition, if you look at the fact that Perth Heat have had 34 players who have played for the Heat and then gone on to play Major League Baseball, there's no other team or competition that could produce that sort of statistics. So if you looked at one of the football teams like the Perth Glory, they haven't had 34 players who have played in the Premier League. So it's the competition is extremely tough and would be one of the best winter leagues in the world, especially with our association with Major League Baseball. So they send players out to you to get game time. And they also scout players that you have got of your own. There's a bit of scouting. There's international scouts in every city. But the idea of sending them out to us is they will see how the players will react in a foreign environment, a different style of baseball, different time of year. How do these players go in an environment over Christmas, New Year? Some of them are coming back from injury. Some of them have had interrupted seasons. That's a good chance for some of them to also build game time. But it's a program now with Tampa. Then in the last five years, we've had five players already play Major League Baseball. Jacob Lopez was the last just a couple of weeks ago. And as I said, Junior Caminero is knocking the house down, his 27 home runs this year. It's just a phenomenal generational athlete. And what kind of crowds do you get? Yeah, they vary across the weekend. We play a series. So we'll play Friday night. We'll play two games on a Saturday. Two? Two games on a Saturday. And then we'll play another one on a Sunday. So there's four games in the space of 72 hours. And the crowd's roughly between 5 ,000 to 7 ,000 over the weekend. OK, wow. So two in a day. What kind of demands are put on the players? Well, it's different. So baseball, if you're a pitcher, the demands are extreme. Every time you throw the ball, it is logged. It is monitored. It is counted. If you're an outfield player or an infielder, one of the batters, then that's what you're built for. You're built to play every game. So all the pressure's on the pitcher? Pitchers, yeah. Good pitching will win you championships. You need a really strong pitching lineup to bring in the different times of the game. And that's the part of your lineup which you really have to monitor so carefully. Because you could start a series with a pitcher. And if he doesn't perform well, when you bring him out of the game, when you introduce someone else. And then if they don't perform well, how quickly do you run through your rotation knowing that you've got four games to get through? So there's a lot of analytics that we look at, we monitor. And as we said, that pitch count is very, very closely watched. I've been to a few baseball games. I've been to see the A's. I've been to see the Dodgers a few times. I've been to see probably your team. Yes. We went to the Yankees. Yeah, we went to the Yankees. It was too hot, wasn't it? Yeah, it was so hot. It was so hot. Our knees were burning. There's not many roofs on the stadiums, yeah? So you're sitting out in the sun, yeah, baking. But there's heat, but it was too hot. Our legs were in shorts, our legs were burning, so we just went and stood at the back and drunk beer. Then the Yankees get absolutely back. I think they were 10 down within two innings. It was like insane. Yeah, but it's a crazy game. It can be 10 down, and you can still win. My wife has now accepted that no matter how far in front we are in a game, she won't relax until that last out. You can be 6 -0 up, 8 -0 up, and you can still lose a game just like that. It's very, very different of football. In football, if you're 3 -0 up, it's effectively game over, yeah? But in baseball, a three -run lead, a four -run lead, it can change with just one pitch if a batter walks, and then suddenly things just change. It's taken a while to understand and to even get comfortable with it. When I first started in the role five years ago, baseball traditionalists would say, well, that's baseball. It's like, no, it's not. It's bad game management. But yeah, it's baseball. It happens in the big leagues. It happens in Australia, and sometimes it happens with Perth Heat. And so your wife, is that because she's got into the baseball, or she's planning for what your move's going to be like? Bit of both. She has to be into it, but I'm not a good loser at all. Yeah, I'm not probably the best person to speak to if we lose a game for a good 24 hours. After we lost the championship series, that 24 hours was probably four months. Mate, honestly, I know exactly how you feel. We lost three games last season in the league. We lost one cup game, and then we got thrown out of a cup because we played an illegible player should have been suspended, administrative error. Every single one of those, I was not good for 24 hours. I spent the next 24 hours saying, what did I do wrong to contribute to that? Even though it's the team and the manager, it's like, what could I have done more? Could we have prepared the team better? Did we not provide the right resources, or did we not get the balance of the roster correct? There's so many things that go through your mind, but yeah, I'm certainly not a good loser. Were you a Perth Heat fan before? No, with a surname like Neil Kobski, you grew up with a round ball in my household. I was a football fan from an early age. This is a true story. Before I took the role with Heat, I had not watched a baseball game from start to finish. I had not watched a full nine innings. I'd watched parts of a game, but I hadn't watched a whole game. That first year in charge was challenging because you'd be with corporate partners, and I didn't know all the rules, and something would happen during a game, and they'd ask, why did that happen? I'd scratch my head and say, I'd have to find out for you. I'm obsessed with it now. My wife loves watching players steal bases, just running from base to base or trying to steal. Then I look at my family, Grey Caritage, and they're all into it and enjoy coming to the ballpark. Most people I introduce do enjoy it because, again, it's a different sport in terms of the pace of the game. You can relax a little bit more and then sit back and enjoy the menu of the hot dogs or the crackerjack and see some home runs in the background. Well, you don't understand the sport. It's a bit like cricket, right? Most Americans, almost every American does not understand cricket. Are you trying to explain test cricket, that it's five days, two innings each, it could rain and end in a draw? Nobody understands it, but when you understand the game, you understand what brilliant test cricket is. Like my son, he watched the Ashes with me, and I had the first two tests, I was explaining how this works, why they might declare, what the follower knows, which never got used. Trying to explain the strategy of it all. And then once he understood, he got into it, and I was mentioning going to watch baseball. I said to you before we started recording, I was dating that girl in LA, so we were going to watch the Dodgers. It was a playoff season, and I must have gone to maybe five games. I went to the game, I don't know if you know the one where Justin Turner hit a walk -off home run in the playoffs. I think it was against, it might have been the Cubs, but by the way, that itself was an unreal moment. The great finish there. Unbelievable. But I had a guy who was sat with me each game explaining it to me. And one of the things I'd never known about is the whole pitcher strategy. My from assumption the little I'd watched here or there, it was just one guy all game. And if somebody came on and it was injury, I didn't realize you're strategically placing different pitchers in the game, especially towards the end of the seventh, eighth, ninth innings. I didn't know any of that. And so once you understood that, you understood the strategy. And then there's huge strategy, whether you're bringing in a left -handed pitcher to pitch to a right -handed batter, left -handed batter, or someone that can face up to a curveball better than a slider, et cetera. Explaining the game to someone in baseball is a lot easier in the ballpark. If you're watching it off the screen, it's a bit harder to pick up. If you sit in the ballpark and you've got someone that can explain the rules, you will understand it a lot quicker than watching it at home. But the strategy behind pitching is nuts. The movie Moneyball and the strategy behind the analytics is spot on. There's so much you can gain out of the numbers. And that's a big part of our relationship, even with Tampa, is the Tampa front office and what they have in terms of identifying talent and how they use it is something that is a great benefit to an organization like the Perth Heat as well. There's a whole Moneyball thing that started coming to football as well. I know specifically teams like Brentford and Brighton have used it. But they're using it in a different way. They're trying to identify talent, which they sell out. I mean, Brighton. Can you look up their sales of players? I mean, Brighton. They have a profit of 130 million pounds, was it, this summer? I mean, historically, they weren't ever a Premier League team. No. It's only in the last, what, five, six years did they become Premier League? They're now established. But the volume of players they sell and the rates they sell their players for, have they got recent sales? Yeah. Let me pull it up. It was the same with Southampton. They kind of had that strategy as well. So there we go. Okay. Caicido, 160 million euros. McAllister, you went to Liverpool, 42 million. Sanchez, 23 million. But there's more in the previous. I mean, is that just this season? Yeah, that's this season. Did you have last season as well? I don't think it was on him. What was up at the top when you scrolled to the top? That was people who had come in. Right. Okay. But this is their whole strategy. I mean, they're now talking, this guy just got a hat -trick. The other Ferguson got the hat -trick against Newcastle the other day. People are starting to talk about him. And they've managed to have this rotation of players. Even though they're selling their best players, they've got these new ones coming through and they've got like an identity, which means it's a profitable business. Luton were the same. So Luton Town managed to get back in the Premier League from going into non -league, which itself is incredible. But they had a whole strategy of bringing players through and it's part of their revenue model. Does that perform part of your actual revenue model to develop players? For Perth Heat, it's a little bit different because if we have players that we continue to develop, they'll get drafted. And the draft system works a little bit differently to football where the club doesn't take the profit. The actual transfer fee goes direct to the player. Oh, wow. It's one of the first questions our board of management asked when they took the license over. How can we develop players and on -sell them? But it doesn't work like that in baseball, unfortunately. So, yeah, we've got a great farm system of producing young Aussie talent to go and pick up minor league contracts. But there's no return there to the club, unfortunately. Were you a baseball fan before you joined? I mean, I played when I was a kid. But not much of a fan. No. No, it was strictly because of the opportunity that came up that I joined. And when did you join? When? Same time. So about a year before, when the talks happened about, well, maybe this is something that we might be able to do. And then what the details look like for making it a possibility for a team to embrace Bitcoin as much as the team has. And then suddenly realizing that it's going to be significantly more work than what it first appeared to be. Because I didn't really have a role there to begin with. I didn't have a job. I wasn't working there at all. But then sort of trying to orange pill the board after Steve got it and to show them what we could do with it. It was very much, this is the idea. This is what we think we can do with it. And their attitude was, OK, go out and prove it and show them exactly what we could do to kick things off. And then from there, it was just small win after small win. And then realizing, well, if we're going to actually do it and announce things in November about just how far down the rabbit hole we were going to go, that we couldn't just, you know, Bitcoin is not at the point now where you can just launch and say, OK, everything worked perfectly. I mean, you know, it's so hit and miss with things that will work and things that won't work. And that's integration with systems that are already in place, especially when you're talking about a business of this size. You know, it's not your micro strategy. We don't have teams and teams of lawyers or people that can look after all of the various elements. And to go all in on Bitcoin means really restructuring how you do everything. And eventually that came back to me as my sort of ability to transition and see what will work, what's going to work now, what will work in 90 days from now and what it's going to look like in 180 days from now. All of that has changed and just somewhat to stay on top of that and to help integrate it into the systems that Steve is already looking after. Yeah. So I'm going to be interested to compare and contrast what you've done to what we've done, because like we're tiny. You know, our crowds are tiny. When we take, if you want to pay with Bitcoin on a match day, we're talking a handful of transactions. You got up to 7000 people there. So that's that's an entirely different beast. What were you, sorry Steve, what were you doing before you joined? My background is media marketing, so I used to be a sports reporter on one of the commercial networks here in Australia with Channel 7. I was there 14 years as a broadcaster, used to commentate to football games. But after being a reporter for the best part of 15 years and seeing how sports organisations run, that's where the real appetite for running a sports organisation came in and wanting to win championships. So I went and worked for a local football team, which is the Perth Glory, who play in the A -League. I was in a media marketing role there for a few years. Is that where Robbie Fowler played? He did the great man. God. Yeah. He used to come over to Mum's house every week for dinner. Shut up. Yeah. Are you serious? A gentleman. One of the most beautiful men. Yeah. We're always on the text to each other. He's a... You're friends with Robbie Fowler? Yeah. There we go. You're in. I want an interview with him. He's one of my childhood heroes. Oh wow. Yeah. And you know what? He's just a lad. He's just brilliant. He came and played for the organisation. And yeah, it was Monday night's dinner at Mum's house. He loved the Greek food, so we kept to a winning formula. That's unbelievable. Do you know the song the Liverpool fans sing about him? About we all live in a Robbie Fowler house. Do you know about this? I don't know. So Robbie Fowler is one of the footballers who was very smart with his money. He just bought just properties all over Liverpool constantly. And see, he's got this huge property portfolio in Liverpool. And so the Liverpool fans sing, we all live in a Robbie Fowler house. Yeah. He's a... He's God. He's God. He's just an awesome guy. Good fun to hang out with. And yeah, made so much time for the people of Perth. We had a great year together. And he's also very cheeky as well. There was a time where we weren't performing too well. We'd lost, I think, five games on the trot. And it was the time that Wayne Rooney was having a whole heap of issues with Manchester United. And we were about to do this live TV cross for Channel 7. And we knew the chairman wasn't too happy at the time. So I said, we've just got to try and deflect here. And Robbie had been in the UK for a week. And the presenter said, so Robbie, what was the trip to the UK all about? And he said, it was to chat to Wayne. And my phone had been, the media marketing guy just blew up, Fleet Street just went mad with this. It was just an off -the -cuff joke that we were trying to sign Wayne Rooney. And it was just everywhere within hours and we had to put out a press release and it was great because it deflected off the five losses that we'd had, but it was just a bit of a piss take. What was his scoring record like at Perth? Look, it wasn't as good as what it was at Liverpool. We would have been nice for him to score a few more goals, but the team struggled a little bit that year. And I think he ended up maybe with a dozen goals from memory somewhere around there. But it was a good year. And then again, I remember him taking out a little urn when England won the Ashes out before a game. And he put it up on his head and there was photos of it. He's just a great prankster in a lot of ways. He's an awesome person to have in your change room. And yeah, I'm really happy to call him a friend. So I went down the Robbie Fowler rabbit hole with my son the other week because, did you watch the Liverpool Newcastle game the other week? No, I missed it. Right. So I said to my son that there were two games when I was a kid when Liverpool played Newcastle. There were four, three consecutive years. The first one was a back and forth. I think Liverpool went 1 -0 up, then Newcastle went 2 -1 up, then Liverpool got it back to 2. Then they went 3 -2 up, then 3 -0. Liverpool went 4 -3. Stan Collimore in the 90th minute. It's an unreal game. And then a year later, Liverpool went 3 -0 up, Newcastle got it back to 3 -0. And then in the last minute, Robbie Fowler scores ahead of this flying header to go 4 -3. And so I then just had to explain Robbie Fowler to my son, why everyone said he was God. And we went down this kind of rabbit hole of Robbie Fowler goals. I was always really sad, though, because when he left Liverpool, I'm trying to remember, was it Leeds and Man City he went to? Did play both, yeah. Yeah, and I just couldn't accept him, not in a Liverpool shirt. Not in a Liverpool shirt, yeah. It didn't make sense to me. No, iconic to that club, and yeah. Absolute legend. Sorry, there's a bit of a tangent. OK, so going from commentator to chief exec, that's quite a jump. Did you have to kind of prove yourself you were capable? Did you have to pitch yourself for it? Look, I did the four years at Perth Glory in a media marketing role. I then stepped outside of sport for the first time in my career and just did some sales, what they called home and land packages here in Australia, selling some land in the house with it, and quickly went into a management role there with one of the companies. And then the opportunity came with the heat, and I was given the chance to run my first club, which was good because at the time I'd just started as president of a football club as well. So the management position was quite similar. I've run both roles now for the last five years, which has been brilliant. What is the mandate for the chief exec? How does it compare to, say, a chairman in a football team? Just look, every club's structure can be a little bit different, so yeah, a chairman for us is one of the shareholders, majority shareholder of our club, so he's who I report to. I've got the day -to -day running of the organisation, and I report to our chairman. What are the main things that you're responsible for the team in ensuring they've got the resources they need? Everything, yeah. Everything, yeah. I run the organisation. So it's basically probably almost identical to my role. Correct. Yeah, absolutely. Bigger numbers. Yeah, there's bigger numbers, but I don't think it really matters, and there's probably a good contrast with a football club. Whether you've got 10 members, 100 members, 1 ,000 members, a million members, the communication is still the same. You still treat your members the same way, regardless of how many zeros are involved. It's the same if you do a social media post, whether your club's only got 50 members or 50 ,000, you're still putting out information. So in some ways, don't get scared by the numbers. It's treat the position with respect and your members and partners, et cetera. Again, corporate partners, regardless of what the partnership value is, they're a corporate partner.
The Hugh Hewitt Show: Highly Concentrated
A highlight from Senator Ron Johnson unloads on Hunter Biden scandal
"Your challenge, if you choose to accept it, is this. Let's go, let's go! Show up on day one, work out with us for 30 minutes, feel good right away. Yo! Repeat five days a week for three weeks. Three weeks? Five workouts a week. We're a body, and we call that a body block. You pick the block and you're gonna love the experience. On week four, this part is really important. Take the week off. Seriously, we mean it. Rest, go on vacation, or try something new. Maybe some yoga. Notice you're not holding onto any tension here. Or a dance class. Get sexy with it, daddy. You do you, and then start again. Be committed to this process. Choose a new body block each month. Get a new challenge each month. Have fun every day. Avoid burnout. You're not gonna quit on yourself today. This is how you reach your goals. You in? There is nothing that we can't do if we work together. Sign up for your first body block today. Visit body .com for a free trial. That's B -O -D -I .com. Are you ready to get started? Welcome to today's podcast, sponsored by Hillsdale College. All things Hillsdale at hillsdale .edu. I encourage you to take advantage of the many free online courses there. And of course, to listen to the Hillsdale Dialogues, all of them at Q for hillsdale .com, or just Google Apple, iTunes, and Hillsdale.
Bloomberg Radio New York - Recording Feed
Monitor Show 16:00 09-08-2023 16:00
"When you look back in history, September typically is the weakest, particularly when it comes to the S &P 500, but still questions, right? We still CPI next week, obviously the Fed decision on the 20th, so it'll be interesting to see how particular funds are squaring things away once they get closer to the end of the third quarter. I feel like a lot of the excitement of this week happened early on in the week on Tuesday with the corporate bond issuances, for instance, stealing so many headlines, and then it just kind of petered out, Katie, over the last few days, especially what Matt Groh was telling us of Invesco. Yeah, and we'll see whether that was just the post -summer rush, but you take a look at this equity market right now. Five seconds to go. The S &P 500 actually managed to claw itself back into the green. We had dipped into the red. Going to finish this Friday almost two -tenths of a percent higher, though. It is a down week for the big benchmark. The NASDAQ composite, oh, it's up about a tenth of a percent as well. The Dow Jones, your relative outperformer, but just barely going to finish up about two -tenths of a percent, Tim. Yeah, looking at the last five days, even though it was a shortened trading week, we're seeing the NASDAQ down 1 .9 percent over the last five days, the S &P 500 down more than 1 percent. That's 1 .1 percent. The Dow, Scarlet down four -tenths of 1 percent. All right, so let's dig beneath the big, broad numbers and look at how the industry groups have performed on the day. Energy higher by 1 percent. That's as oil prices stay elevated. They did stumble a little bit in the middle of this week, but very much the story here is on production cuts from Russia and Saudi Arabia. And in fact, energy stocks are the best performers of this holiday shortened week as well. Software and services, your third best performers up eight -tenths of 1 percent. They are the second best performers of the week. And then you have utilities, a little bit of defensive positioning here, at least to end this week. On the downside, you've got telecom services, autos and parts. And of course, we're waiting for some kind of development there on the negotiations between Thank you.
Mark Levin
We're Still Here After Many 'Government Shutdowns'
"On a plan budget that would start from zero zero -based budgeting he called he had problems from Democrats and he shut down the government a lot total of 60 days out of four years that then the great Ronald Reagan comes in Congress wants to spend money everything on but defense 1981 he shuts down the government for two days in November 1982 he shut down the government for one day September 30 to October 2 again 1982 December he shuts it down three more days 1983 shuts it down three days 1984 shuts it down two days 1984 again later shuts it down one day 1986 he shuts it down one day 1987 he shuts it down one day Here we are America. The federal government's been shut down about 80 days until that point can you imagine? Clinton George H .W. Bush shuts it down for three days 1990 in Bill Clinton shuts it down for five days in 1995 95 facing 1996 Clinton off with Newt Gingrich they shut it down for three weeks Guardians George H .W. Bush advised by Karl Rove the other lightweights never vetoed a spending bill never shut down the government and spending went through the roof you
Veteran on the Move
A highlight from Hiring Veterans with Matthew J. Louis
"Matt Lewis is one of the nation's leading experts in career transition for veterans and public service professionals. He coaches individuals on their transition efforts and advises employers on hiring programs designed to successfully assimilate these valuable talent pools. His new book, Hiring Veterans, is up next on Veteran on the Move. Welcome to Veteran on the Move. If you're a veteran in transition, an entrepreneur wannabe, or someone still stuck in that J -O -B trying to escape, this podcast is dedicated to your success. And now, your host, Joe Crane. Service isn't just what Navy Federal Credit Union does, it's who they are. That's why Navy Federal created tools to help you earn and save more. Find out more at NavyFederal .org. Army veteran Matt Lewis, author of Hiring Veterans. Matt, welcome back to the show. Had you back in 2019 on the show. Talk about your first book. And your second book, Hiring Veterans, is coming out here real soon. This episode will release in September, so it's almost perfect timing for your book release. And your last time you were on was pre -COVID, now we're post -COVID, so we're both still here. Take us back. Tell us what you did in the Army. Yeah, Joe, first, appreciate it. I really enjoyed coming back on the show. And by the time this airs, the book Hiring Veterans will be published. It's due out on Labor Day of 2023 here. So again, just to kind of refresh people's minds, if they didn't listen to the episode a few years back, quick thumbnail sketch on who I am and my Army involvement there. I'm a West Point grad, class of 91, first Gulf War veteran, was in the Army as a tanker, an officer. Spent five years active duty, another 16 in the Reserves, and ultimately retiring as a lieutenant colonel. Did a number of things in the Reserves, working at the Pentagon for a while, serving as a recruiter more or less for West Point, my alma mater. Really enjoyed the time there. But that made for a couple transitions, one out of active duty and one that was a little less challenging in the Reserves because I'd been in the corporate world for quite a bit of time by then. So that's kind of the short story. And so as you transitioned out of the Army back then into the corporate world, what were some of the highlights of your transition, the good, the bad and the ugly? And you've learned a lot about transition because you're basically in the transition business at this point. So I'd like to hear what your initial transition was like. So I left, and this is ancient history for those coming out of the military today, but I left active duty in the mid 90s. These were the Clinton drawdown years. And because of that, that was part of my motivation for getting out. There wasn't, again, being part of the armored force. That branch was hit a bit disproportionately from some of the others. I didn't see a big future there at the time. So I used graduate school as my transition vehicle. It's still single digits in terms of veterans that choose higher education as their path. It worked for me. It doesn't work for everyone. And then I went from there on onto the corporate world. I was very purposeful about it because I had kind of put a plan in place a couple of years ahead of actually leaving active duty. So I did quite a bit of study, actually took some graduate level courses while I was still on active duty and purposely transitioned. But even so, that still left quite a struggle I faced in leaving. At the time, the support systems that exist today were nonexistent, pretty much. The Army, again, I'm an Army guy, had in place in its infancy a little program called Army Career Alumni Program, nothing like the SFL TAP or its various permutations today. It was administered literally within your last five days on active duty by those that, frankly, had just departed the service themselves, took the off green suit, came back in wearing a civilian suit the next day. So it was kind of an exercise in the blind leading the blind. So I kind of figured out myself. I'd assumed that was going to be the way anyway. And again, I was a little more proactive and purposeful about it. But that still didn't prevent the issues that a lot of us face. Yeah. And so your experience with corporate America and having the J .O .B., where did the interest in transition and hiring veterans and getting involved in the military transition come from? Yeah. So there's a couple of interwoven themes there. One would be just the focus on entrepreneurship. And we covered some of this ground on our last time together, whereby in spite of all the planning that I did, I was ultimately impacted by a couple of rifts over the course of my career. That alerted me to the fact that I need to have a plan B. And that ultimately came what is now Louis Advisors. It's well over a decade old now, but it oversees all of my publishing work, which is a good segue to the second theme around how I've kind of pivoted my personal journey, career journey, over the better part of the past decade, to focus on this core issue of eliminating the civil military divide in the country. And really what spurred my book efforts and what I'm doing now, having left the corporate world entirely as president of a little startup called Purepost. So just to outline how, one, my work is driven today and then maybe get into a bit of the rationale specifically on the book efforts. But I'm tackling this vision of eliminating the civil military divide in the country on three different fronts or in the military. We would call them lines of effort. The first on military side was the first book we talked about on my last appearance here several years back called Mission Transition. It's gone on to be the most awarded book of its kind. I'm proud to say it's a practical guide to help our service members find full employment, optimal career fields when they leave the military. But that's only half of the civil military divide. The other half is the civil side, and that's what hiring veterans is all about, which comes out on Labor Day. This is a practical guide for organizational leaders. I'll use that more agnostic term, whether it's for -profit, nonprofit, academic organizations, governmental organizations, they're all case studies in the book. A practical guide for them on how to put together programs to successfully assimilate members of the military community. Veterans, mill spouses, what have you. Even if you're successful with those two, there still exists in my mind, by my way of thinking, a lack of a warm handoff from an employment standpoint. Again, all of this is focused squarely on employment for reasons we can get into.
Bloomberg Radio New York - Recording Feed
Monitor Show 18:00 09-01-2023 18:00
"Video, they're coming for you, Stanovec. And you've got the Cities issue, the double issue of Bloomberg Business Week magazine. Be sure to check that one out. It's on newsstands now. We take it to all corners of the world. This was fun. This was really fun. It's going to be good next year. I love doing it with you because you like the game. You play the game. Can I say the game? Yeah, you can say the game. Really good, fun stuff. If you missed anything, check out our podcast, The Ford, Tim Stanovec, and the whole Bloomberg Business Week team. Thank you so much for watching and listening. That does it for us. Wall Street Week. Start. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is a Bloomberg Money Minute. Wall Street heads into a long weekend on a mixed note. The Dow finishing up less than one half of a percent. The S &P 500 gaining less than one quarter of a percent. The NASDAQ went the other way, falling less than one tenth of a percent. The Labor Department reports the U .S. added 187 ,000 jobs last month. Wages continue to grow, but unemployment did as well. The jobless rate climbing to 3 .8 percent. Open AI wants chat GPT to be used in classrooms. The generative chat system is adding special tutor prompts to help students and teachers use AI to enhance learning, though educators have raised concerns about plagiarism and cheating. Several big banks and Wall Street firms plan to toughen their return to office directives once we get past Labor Day. Citigroup, JPMorgan Chase, Goldman Sachs, BlackRock, Bank of America, and others have been reminding employees they'll have to work from their offices at least some of the time. That's not enough, though, for some firms that want employees back on site five days a week. Steve Rapoport, Bloomberg Radio.
The Podcast On Podcasting
A highlight from Ep368: Vegan Vs. Carnivore
"So, it's not really this or that that is going to give you the real result. The thing that's going to give you the actual result that you're looking for is cutting out the shit. Most hosts never achieve the results they hoped for. They're falling short on listenership and monetization, meaning their message isn't being heard and their show ends up costing them money. This podcast was created to help you grow your listenership and make money while you're at it. Get ready to take notes. Here's your host, Adam Adams. Hey, Podcaster. It's your host, Adam A. Adams, and we are talking today. It's vegan versus carnivore, but really, we are going to relate this to podcasting because in anything and everything that you do, this lesson, this analogy is going to work for you. And I thought it was interesting. There are people that only, only, only eat meat. The only thing they have, let's just say that they have beef three times a day or they might have eggs and beef three times a day or simply only, only, only, only beef, or maybe they're mixing it where they can have all sorts of meats, turkeys or fish or turkeys, turkey, fish, chicken, beef, bison, elk, you name it, duck, duck. That's my favorite. So we're talking about vegan versus carnivore in a way, and we're talking about how do we get to a result. And these people that only, only, only eat meat, they say that their inflammation goes down. They say that their body burns a lot of fat, a lot better than it used to because of ketones or whatever. They say that they feel stronger and healthier than ever. They feel more limber. They feel faster. Their heads are sharp. Their brains are really, really working. And then just if you go to the complete opposite of somebody who's practicing veganism, that means, I'm sure most of you know, but practicing veganism means you never eat meat. You probably don't even have fish because that's pescatarian. So you don't have any types of meat. You don't have really hardly any omega -3s. You don't have very much protein. It's pretty hard to get a good amount of protein. But somebody who's practicing a vegan diet, they swear by it. They say, I feel healthier. They feel happier. They feel lighter. They feel faster. And they try to say that their cholesterol is better. Their blood markers are better. And that's proof that it's working. And in both cases, here's the problem. Listen carefully. Here's the point that we're making. A strict carnivore diet cuts out a bunch of shit. It cuts out boxed crackers. It cuts out things that are processed. It cuts out a bunch of that crap, the shit. And veganism cuts out a lot of the shit too. You can't be a raw vegan and eat potato chips or French fries. You can't be a raw vegan and eat almost anything from box. So the carnivore diet and the vegan diet are opposites. A carnivore, literally, if somebody says I'm 100 % carnivore, it means I never eat vegetables or fruit. And if somebody who eats only vegetables and fruit, obviously they never eat meat. But here's the thing that's interesting. Listen carefully. In both cases, they swear by their diet. In both cases, they get results. So what's the difference? I've mentioned it before. And it happened to be in the teaser today. First part that you heard. A vegan and a carnivore, neither of them are eating the crap. Neither of them are eating the stuff that's terrible for them, the stuff in a box. Now, in case you don't want only dieting tips today, I'm gonna give you one more analogy. Here's the thing. I have been really focusing on my fitness. And somebody at CrossFit, we'll talk about CrossFit being so good and so helpful. And CrossFitters, and I am one, I was one. I actually went today. I love CrossFit. CrossFitters might say that's the best way to exercise. They might say that because we do a little bit of strength training and we do different movements every time. We're always mixing up the movements and the muscles and we're always surprising the muscles. And that's really how you grow. And I know a lot of CrossFitters, if they've been doing it for more than a year, and certainly if they've been doing it for more than two years, they probably look fantastic. They are probably able to do things that most of us can't do. They're probably able to do just fun acrobatic things. Like today, we did something called a muscle up. Look it up. Look up a muscle up. Go find this on YouTube or something and see what it is. They are not easy. And that was part of the workout. And so I did some muscle ups today. And what I'm saying is CrossFit is going to get you healthy and fit. It's going to allow you to have a variation of different things. So you can do some cardio. You can definitely do some strength training. You can do some HIIT workouts. You can do some high intensity stuff like HIIT workouts. You can do a variation of things. You can lift this way. You can lift that way. You do some power lifting. You do some Olympic lifting. You do some gymnastics. You do some cardio like running and biking and rowing. You do all of those things. And you are an all around a very, very healthy person. And so a CrossFitter is going to say, this is the best way. And then you look at somebody who just does this type of workout or that type of workout. Or you even narrow it down to just CrossFit. And you find out that almost no two gyms are programming the same workouts each week. And so it's like, well, how could that one work? And how could that one work? How could the carnivore diet work? And how could the vegan diet work? How could the bodybuilding diet work? And when you go even deeper to bodybuilding, I put together an idea, a five day workout split. And I gave it to, I think, four people that I trust. And one of them said, that's perfect. They agreed with me. Another one said, that's never gonna work. You have to get the result that you're looking for. You have to do this and this and this. And another one basically said it was so far off that it's not gonna work. Here's the thing. If you are moving and exercising, you're going to get fitter than if you're staying stagnant. And it's interesting. You could follow all of the diet advice. You could follow all of the lifting advice. You could do this person's workout or that person's workout. They're probably going to work because you're cutting out the shit. You're cutting out the bad stuff. When you are focused and motivated on doing this, you're probably cutting out the other things. So it comes also to your podcast. And I want you to be careful and cautious and notice that everybody's gonna have a different opinion. Somebody is going to say that you should just start your podcast right now and go ahead and do it on your cell phone and have bad audio quality because the audio quality doesn't really matter because nobody's really listening, they say. And another person will say, just start. You can change it later. Another person will say, you have to use this Blue Yeti, which please don't use the Blue Yeti. If you're curious what that is, it is a microphone that is terrible for podcasting, but they're really good at marketing for podcasters. And so they get a whole bunch of people using the wrong type of mic in their office and then they have a worse quality than they could if they didn't use it. But anyway, the point is somebody's gonna say, oh, just use a $20 mic. Another person is gonna say, you gotta spend at least 200 bucks. Another person is gonna say, you could just start with this one thing and upgrade later. Another person is gonna say, this $500 mic is the best one, that's the right one to go. And the problem is your head starts freaking spinning. Vegan, carnivore, bodybuilding, powerlifting, Olympic lifting, cross training, cycling. What should I be doing? Should I start a podcast? Should I not start a podcast? Should I start a podcast with this mic or with that mic? Because it's differing opinions. And here's the point. One is, yes, some people will give you some shit. The vegan diet, it'll probably work. Carnivore, it'll probably work. It's basically because you're not eating the crackers. But there are people that are like, oh, you can eat processed food all you want and then it changes your hormones and then you're grumpy, you're fat, you're this and that. So the point is that there's all sorts of advice and the right advice gets rid of the shit. The correct advice, the better advice gets rid of the shit. On this podcast, I do my absolute best to get rid of the shit, to allow you to be able to narrow it down. But there is gonna be somebody that says something opposite from me, but it'll work too. The vegan diet works, the carnivore diet works. Keto might work for a temporary amount of time and CrossFit could work, bodybuilding could work, maybe even running could work. It gets you out, it gets you moving. There are pros and cons to everything. There are probably pros and cons to veganism. There are probably some pros and cons to carnivore, but they will both work if you stick strict to them. CrossFit will work if you stick strict to them and whatever the advice is that you get from people, if you feel like it's not shit advice, follow it. Do it to the best of your ability. Follow what you hear on this podcast and if you focus on it, it will work. I know that it works because it works for me and it works for 60 of my clients. So the stuff that I share on this, it does work, but somebody might have a different opinion. Somebody might have something else that also works. As long as you're not doing the shit, you'll be able to get some value out of it. And so that's really what I wanted to talk about is just be careful who you take advice from, but just know, just cut out the crap and you'll be just fine. You'll be just fine in your business. You'll be just fine in your podcast. You'll be just fine in your nutrition. You'll be just fine in your health and fitness with your exercising, as long as you are doing more good things and less of the bad things. And it's gonna help you. It's gonna benefit you. So anyway, very short episode. Next episode is gonna be an interview where I interview somebody that I think you'll get some value out of. So you don't even have to go anywhere. I will see you on the next episode right now. This is serious. Don't go. Now that you've gotten whatever value that you feel that you've got, the actionable takeaways, you need to implement the stuff that you learn. If you remember me talking about bird church once and they learn how to fly and then they walk home, I don't want you to walk home. I want you to fly home. So take the steps, take the actionable steps for your benefits that you can become a better podcaster. That's the only thing that I ask of you. And I'll see you for more actionable tips on the very next episode.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1387: One Bitcoin Will Be Worth $1 Billion By This Date - Fidelity
"Let's get it. In today's show, I'll be breaking down the latest technical analysis, as well as breaking news. Google Cloud to digitize El Salvador's governance, healthcare, and education, as well as Elon Musk's ex moves closer to crypto payments with their newest state license they just received, as well as breaking news. The SEC's first deadlines to approve seven Bitcoin ETFs are coming over the next week. We'll also be discussing Grayscale's roadmap to a Bitcoin spot ETF following the most recent SEC triumph, as well as Fidelity, one of the world's largest asset managers that currently control over four and a half trillion in assets under management are predicting a $1 billion price action for each Bitcoin. In fact, did you know they started accumulating Bitcoin all the way back in 2014, literally almost a decade ago? We'll also be taking a look at overall crypto market, all this plus so much more in today's show. 87. That's right. I'm your host JV. And we have a jam -packed session for you today. Looking at the market watch here, we can see Bitcoin after almost staying above 28 ,000. Unfortunately, it broke that support and we're back down to 27 ,200 at this time, but Ether also back in the red down 2 % for the day trading at just above $1 ,700. And checking out coinmarketcap .com, we're barely sitting above a trillion dollars, which is that milestone we've been sitting at for quite some time regarding the overall crypto market and about 34 billion in volume in the past 24 hours with the Bitcoin dominance at 48 .9 % with the Ether dominance at 18 .9%. And checking out the top 100 crypto gainers of the past 24 hours, we have XDC up 8 % trading at 6 .4 cents, followed by TonCoin up 6 % trading at $1 .75, followed by BlockStax up almost 3 % trading just under 53 cents and checking out the top 100 crypto gainers for the past week. Yesterday was a sea of green as the price action pumped literally $2 ,000 in a span of 30 minutes off of the news of the SEC losing their trial versus grayscale with the conversion of the GBTC product into a spot ETF. But today we have corrected some with HEXB crypto greed and fear index. We're currently rated a 49, which is neutral. Yesterday was a 39 in fear last week at 37 and last month a 50, which is neutral. So there you have it. How many of you are currently bullish on the king crypto? Let me know. And how many of you are anticipating a lower price action so you can keep stacking them sats on the low? Holla at your boy. Now let's break down today's Bitcoin technical analysis. Check out the charts and what is popping right now in the markets. As you can see here, Bitcoin drifted towards $27 ,000, which again, we're just sitting above $27 ,200 at the time of this recording. At the Wall Street open, the dust settled on the digital asset manager, grayscale's legal victory. Here you're looking at the Bitcoin one hour candle chart. Now data from Cointelegraph showed a positive verdict for grayscale against US regulators, sparking almost 8 % gains. Bitcoin managed to tap $28 ,100 on Bitstamp, its highest in almost two weeks, before returning to the current level. So despite closing the daily candle above two key moving averages, these had yet to return as definitive intraday support. And on the day, analysts were quite cautious. In a quick take post from on -chain analyst Crypto Quant, he goes on to share, noting that the grayscale move had originated on derivative exchanges. So despite funding rates remaining fairly neutral, there was a clear absence of value. However, it is difficult to see that the spot exchange led the price increase when the Bitcoin price rose yesterday. The reason is that the trading volume ratio shows that it had decrease rather than increase. Now additional data showed trading volumes were still below those seen during the upticks of earlier this year, quoting them here. Of course, there is a tendency for prices to change significantly, even with small trading volumes, because of the overall liquidity in the crypto market, which has decreased. However, it seems that there is a need to be a little cautious about the fact that this rally leads to a dramatic rally. Now let's discuss many similarities to Bitcoin's all -time high. According to crypto analyst Brett Capital, quoting him here, we're seeing many similarities between the double top of 2021 and what we're seeing right now, he warned. Should the similarities play out and Bitcoin produce a full fractal, 26 ,000 would flip from support to resistance to initiate further downside. So for the time being, we're seeing a lot of signs really playing into all of this in which he reiterated alongside this chart. Now, another target analysts are talking about right now is 23 ,000 becoming increasingly important. Rec capital likewise flagged that level of 23K as a prominent level versus the 2022 bear market bottom structure and inverse head and shoulders pattern, as he mentioned here, that's the level that we can see the price rebound from. So there you have it. Let me know if you feel we're likely to drop sub 25 ,000, potentially touch 23 before rising back up. Or do you think we'll take off from here, off of one of the biggest news stories of the year, which is a big fat L for the SEC and a big fat victory for the entire crypto industry. Let me know your thoughts. And with that being shared, fam, now let's discuss breaking news coming out of El Salvador with Google, which is actually quite interesting. Yesterday, I saw Nigel Bokele made a tweet and this is what it was in regards to Google Cloud announced a new partnership with the government of El Salvador. Interesting, right? On August 29th to establish an office and provide Google distributed cloud services in their country, the partnership aims to digitize the country, update government services and improve the healthcare and educational systems. The GDC will also help bring infrastructure closer to where data is generated for El Salvador. Bokele, the country's president said he believes El Salvador is quickly becoming a hub for innovation. As he shares here, El Salvador is moving forward. We believe technology and foreign investment are key for development. And here's where he announced the partnership in this, I shouldn't say tweet anymore, but on this post on X quoting Bokele, Google plans to establish operations in El Salvador and he shared the official press release from Google. Now, Thomas Curain, the CEO of Google Cloud said he believes cloud computing can truly transform Latin America. As shared here, access to cloud computing has dramatically expanded across industries and regions throughout the world, he said, enabling both small companies and the public sector to utilize the very same apps and services as more mature markets. Now, Cointelegraph also reached out to Google Cloud for additional comments on its recent expansion. The additional GDC infrastructure will help support El Salvador's active stance on Bitcoin adoption and integration into society. It allows for Bitcoin full nodes with ordinal protocol support. And additionally, back on August 8th, a few weeks ago, El Salvador granted the crypto exchange Binance a license to offer crypto services to users in the country. Bitcoin had began as legal tender in El Salvador back in 2021. And recently the Bitcoin Beach Initiative took to the classroom and taught over 25 ,000 students about Bitcoin, helping them earn a Bitcoin diploma via the country's educational system. The country has already seen immediate returns on the program with the example of one teenager who earned the diploma and then returned to his former school to teach the educators about the digital asset. That's what's up. I think mass adoption is likely to continue, especially in places like El Salvador that are ahead of the rest of the world. And I think more and more major companies are going to be opening up shop because it just makes so much sense. Why wouldn't they? That's why Binance just got their license. Jack Mallers Strike Company just got their license. Bitfinex got their license and they're opening up shop. And I believe that the Bitcoin game theory is in full effect and will continue to play out as the days go by. And with that being shared, fam, now let's break down our next story of the day. As you probably know, major news was actually released yesterday regarding X, which is the platform owned by Elon Musk to integrate crypto payments. We made a pretty big development, so let's break this down before we dissect the ETF deadlines. Rhode Island's regulators have granted X, formerly known as Twitter, a currency transmitter license, marking a step forward for the company's foray into the financial services sector. The license is legally required for companies conducting financial activities on behalf of users related to sending and receiving money, a definition that includes both fiat as well as crypto assets. Now, this approval will allow for X to custody, transfer and exchange digital currencies. Now, X's Rhode Island currency transmitter license was approved on August 28th, two days ago, according to the nationwide multi -state licensing system, NMLS. The move marks an important step forward for Elon's push for X to become an everything app, which would include crypto as well as fiat payments. Now, naturally, social networks like X are massive, so this could help usher in that mass adoption. Now, while sources have suggested that X's upcoming payments feature will initially only offer support for fiat currencies, Elon had reportedly instructed developers at X to build the platform's payment system in such a way that crypto functionality can be added into the future. Yeah, if you're not integrating Bitcoin into your payment system, then do you even have a payment system for the future as Bitcoin is the future of money? Just saying. The approval comes nearly two months after X secured money transmitter licenses, also in Michigan, Missouri, and New Hampshire, which were well -approved on July 5th. X's latest license marks a total of seven American states it secured transmitter licenses in, so my guess is they're going to have to continue getting more and more licenses for all the states. It remains unclear exactly what financial offerings will be made available if and when X rolls out their payments feature. People familiar with the company's plans have indicated that X will initially offer fiat currency transaction services similar to PayPal, which Musk co -founded with room for future crypto integration. Do you think Bitcoin will likely be an announcement that they will be accepting crypto payments? I mean, who cares about Doge if you don't have Bitcoin integrated? So, I feel Bitcoin is a given if they're going to be integrating crypto and it seems to be going that way. But how do you feel this is likely to play out? Let me know your honest thoughts in the comments right down below. And now let's break down everything you need to know regarding the recent spot ETF deadlines for the United States and regulators. And after we discuss all these deadlines, we're going to specifically be talking about the GBTC Grayscale product, getting that victory over the SEC and what that means moving forward with the Grayscale Bitcoin ETF. And then we'll be dissecting Fidelity, one of the largest asset managers in the world, and their $1 billion Bitcoin price prediction. And then we'll wrap up with our live Q &A. So yeah, let's discuss this. The US SEC is facing its first deadlines to decide on seven spot Bitcoin ETF apps, with the latest being September 4th, which is what, virtually five days away amid its defeat to Grayscale Investments in the US Federal Appeals Court. Investment firm Bitwise will learn if its ETF will win the SEC's approval September 1st, which is what, two days away. While BlackRock, VanEck, Fidelity, Invesco, and WisdomTree will all be awaiting the SEC's decision for their funds by September 2nd, three days away, according to several SEC filings. So, that's right around the corner. It's going to be a big week. Meanwhile, Valkyrie is set to hear back from the SEC on September 4th. The US Court of Appeals ruled on August 29th that the SEC's rejection of Grayscale's app to convert their GBTC into a spot Bitcoin ETF was arbitrary and capricious. But this doesn't mean that the SEC must approve Grayscale's app or others in the future, says Bloomberg ETF analyst, James Safart. And in August 29th Bloomberg Review, he explained that Grayscale's win will definitely increase the odds of a successful outcome for the SEC. But he is unsure when that day may come though, as the SEC can delay his decisions and has two more proposed deadlines for each fund before being forced to make a final decision on the 240th day post filing. Now, what a shame it would be if they make us wait the 240th final day before giving an answer. But hey, don't run it by them. I mean, don't put it past them, especially with Mr. No Clarity Gary as the chairman. But anyways, for the awaiting applicants, the final deadlines for the SEC are all in mid -March of next year. And as someone shared here, odd and free, 99 .9999 % chance that the world doesn't know that the SEC has to decide on seven Bitcoin ETFs within the next three days. And this does include the largest asset manager in the world, BlackRock, Bitwise, VanEck, WisdomTree, Investico, Fidelity, and Valkyrie. The suits are at our doorstep per each. And how many of you weren't aware of that, that the decision within the next seven days is going to be on those seven major asset managers. Now, after the August 29th ruling in favor of Grayscale, the regulators have 90 days to file an appeal with the US Supreme Court or apply for an en banc review where the full circuit court can overturn a ruling made by a three judge panel. However, the SEC hasn't made clear what the next move will be. If the SEC doesn't appeal, the court will need to specify how its ruling is executed, which could include instructing the SEC to approve Grayscale's app or at the very least revisit it. But either way, Safer only saw two viable options for the regulator. The first option is to concede defeat and approve Grayscale's conversion of its GBTC as a Bitcoin spot ETF. But alternatively, the SEC would need to revoke the listing of Bitcoin futures ETFs entirely or deny Grayscale's app based on a new argument, says Safer, quoting him here, the second potential avenue is to deny on reasons not used before yet, which I have been saying for months could have to do with custody or settlements of Bitcoin, which is not something that futures ETFs have to worry about. The SEC has made a lot of noise around custodians. However, fellow Bloomberg ETF analyst, Eric Balchunes, considered the odds of the SEC revoked in the Bitcoin futures ETFs as highly unlikely because of the SEC reported openness to Ethereum futures ETFs, in which he makes a great point, quoting Eric here. This guy turned the last paragraph of Judge Rao's legal smackdown today into a MGMTS stylish banger, really captures the modern. Well done. Well, so there you have it. I guess this is some song I haven't even listened to yet. So I'll jam to it a little later on. We'll see if it's any good. But anyways, fam, how do you think this is likely to play out by the SEC? Do you think they're likely to approve any of these seven ETFs or do you think they'll just continue to push it back until next year? Let me know your honest thoughts in the comments right down below. Now let's dive deeper with the latest breaking news regarding the grayscale ETF and their conversion of their product into a spot ETF. And did you know that their product literally has over 600 ,000 BTC? Hence, they'd be the perfect candidate for a spot Bitcoin ETF because they already hold the underlying asset. They don't need to purchase it. So I mean, they'd be a prime candidate along with BlackRock. Which one will get approval first is the million dollar question, but let's break it down. In a seismic shift for the Bitcoin industry, the DC Circuit Court ruled in favor of grayscale investments yesterday, which is breaking news, which we've been hearing all across social media. Now, Jake Stravinsky, the chief policy officer at Blockchain Association, described the ruling as massive, emphasizing it's extremely rare for a federal circuit court to find an agency like the SEC in violation of the Administrative Procedure Act. Stravinsky stated that the DC Circuit soundly rejected the SEC's view that grayscale's ETF proposal was not designed to prevent fraudulent and manipulative acts and practices. So good for them. He also pointed out that the court did not order the SEC to approve the proposal, but rather mandated a review of grayscale's proposal with the court's ruling in mind. Stravinsky speculated on two possible scenarios for the SEC's next steps. One theory suggests the SEC could find another reason to include no clarity Gary towards crypto. And alternatively, the SEC might take this as a semi graceful exit from their anti ETF stance, especially under political pressure from traditional finance sectors ready for a Bitcoin ETF as we are long overdue. They first rejected the first Bitcoin ETF for a spot in the United States over a decade ago. And the app was from the Winklevoss twins with Gemini, just FYI. Now, many other issuers have proposed ETFs this year, include BlackRock and Larry Fink throws heavy punches in DC. Therefore, here's what the lawyer thinks. The only question is if the SEC wants to make this more painful for itself. Trust me, if there is another denial, there'll be another lawsuit. I strongly recommend that the SEC picks sooner. Let's see. Now, James Safart, the ETF analyst over at Bloomberg, corroborated the significance of the ruling stating it's a complete and utter rebuke of the SEC spot Bitcoin ETF denial orders. And quoting him here, I was initially thinking something like a deadline of 45 days or 60 days, but nothing in here saying that. However, he noted that the SEC has 45 days to file for that en banc hearing, which would involve all 17 judges on the court, good Lord, as opposed to the initial subset panel of only three judges. The Bloomberg analysts also outlined two main motions for the SEC. If they still wish to prevent the spot Bitcoin ETFs from listing, they either need to revoke the listing of Bitcoin futures ETFs or denied based on new reasons, possibly related to custodial or settlement issues, which have been a focal point for the SEC staff accounting bulletin 121. Now, Adam Cochran, partner of CEHV added another layer to the timeline speculation. He alludes to the SEC's pending decision on six other Bitcoins spot ETF filings due by September 1st for Bitwise and September 2nd for BlackRock, Fidelity and others. Here's what he had to share. Some folks are getting ahead of themselves thinking that grayscale decisions means bulk approval of ETFs by this Friday. Likely not the case. My hunches were looking at a late October, November timeline for an approval still, unless the SEC appeals in which case next spring. Now I'm not a gambling man, but if I was a gambling man, I just want to throw out there. I don't think the SEC has any intention to approve a spot Bitcoin ETF in the United States anytime soon because their actions demonstrate the complete opposite. The only thing they have interest in approving are more futures ETFs so they can continue to manipulate the markets through derivatives, which are financial weapons of mass destruction. Quoting Warren Buffett, it is what it is, but nonetheless, this is still a victory overall because they could only push it back for so long. And especially with BlackRock demanding, I shouldn't say demanding, but in so many words, they're the one that started this domino effect with new ETF apps arising with the SEC. They are the largest asset manager in the world, controlling over $10 trillion in assets under management. So I think if Larry Fink wants something, it's going to get done. But the million dollar question becomes when? I think they're going to push it back this year and probably spring next year, we're going to finally start to see the approval of spot Bitcoin ETFs in the United States. And as soon as we get that approval, that can help usher in literally trillions upon trillions of dollars that are currently sitting on the sidelines directly in to the best crypto asset in the world, which is none other than BTC. If you'd love to see that happen, let me know. And by what date or deadline do you think we're likely to get that first approval? And you already know once that approval comes, money is going to start ushering in and the Bitcoin price is going to go parabolic and in perfect time because we also have another major bullish catalyst around the corner. Six months out, the scheduled halving is estimated to be sometime in April of 2024. So between the ETF apps being approved by the United States regulators and the Bitcoin halving, I couldn't be more bullish on Bitcoin right now, which leads us to our next story of the day, which is going to be a $1 billion prediction from one of the largest asset managers in the world, which is Fidelity. Let's break this down. Then we'll dive into our live Q &A. Make sure to say hello in the live chat. Let me know where you're tuning in from. A massive shout out to everyone interacting. I greatly appreciate all the continued support. So here we go. $1 billion. That's a lot of zeros. That is nine to be exact. In 2021, a billion dollars seems like a lot of money. FYI, Fidelity initially made this prediction in 2021. I also want to point out here from some tweets, Fidelity head of sales, quoting them here, we started mining and accumulating Bitcoin all the way back in 2014. I bet you a lot of you did not know that. This was kind of under the radar, but they have been accumulating BTC almost for the past decade. So is this a surprise that they're predicting a $1 billion Bitcoin price by 2038? They're putting their money where their mouth is. But anyways, we have Julian Timmer, Director of Global Macro Fidelity, believing that one Bitcoin could be worth $1 billion per coin by the year 2038. Send it and let's go. Timmer also believes that the orange coin could hit $1 million before this decade is over, which means by the year 2030, roughly seven years away. So that would represent a 20X multiple, the current Bitcoin market price of 48 ,000. But now obviously we're half that price of what we was. So that would now be 40X. And I know anyone can make predictions like that, but Timmer lays out his cause using his own valuation model and another well -known model, which we all know here on the channel, known as the stock, the flow. Timmer's demand model is based upon Metcalfe's law. Metcalfe holds that as the number of users of a network grows linearly, the value of the network grows exponentially. Thus, if the number of users doubled, its value would grow at four times or the square of two. Now Timmer's demand model grows steadily to about $1 million by the chart. Now, by contrast, now let's discuss the stock to flow model created by synonymous analysts. Plan B is based on the supply of new coins growing at a decreasing rate each year. This occurs because of the built -in happenings every four years. So given increases and adoption and demand, the result will be prices expanding exponentially. Indeed, the price of Bitcoin has grown approximately 10X every four years. Take that, Peter Schiff. These are facts, not just by 50 % slowdown in supply, pretty powerful stuff. That's right. Now, stock to flow predicts even faster growth in the price than does Timmer's demand model, especially after the year 2030. As I commonly cover here in the show, the stock to flow model is projecting roughly a half a million dollar Bitcoin price past the halving in 2024. In fact, the model shows a very wide array in their expectation, anywhere from a hundred thousand to a million dollars, with a half a million being dead in the middle, hence in a couple of episodes previously, if you missed it, we discussed Plan B's most recent prediction, which he shared on his YouTube channel, that he believes the Bitcoin price will be north of $530 ,000 per coin proceeding the Bitcoin halving in 2024. But let's get back to this math. This is the stock to flow model you're looking at right here. Now let's go back over here. This is some more insights. Timmer stated the value of the dollar changes in relation to other assets. And he further pointed out that just a dollar invested in stocks in the 18th century would be worth $4 billion in today's money. Isn't that insanity? Talk about super hyperinflation. So going by this assumption, $1 million in today's money can be worth a billion dollars in 20 years time. Good Lord. You better start stacking them now, fam. So changes in the dollar's value, especially depreciation over several decades, render the same amount with less purchasing power, which is why huge sums back then appear less by today's standards. For instance, $1 million can purchase a lot of significant things a few decades ago, but in today's perspective, reasonably higher end houses in the US cost between, I would say $200 ,000 and $500 ,000. The same $1 million may not suffice for the same class of houses today. This is a fact. Just here in Puerto Rico alone, I've seen the real estate market literally shoot up 100 to 300 % since moving to this island roughly four years ago. And that's not just an exception to the rule. It's all across the United States, hyperinflation. I mean, check out the rent prices. That will give us some insights to the true nature of inflation. You can check out Zillow, check out real estate five years ago in comparison today, and you'll probably see something quite similar. But anyways, there's an increasing number of billionaires across the globe. Facts. Some observers even believe we may see the first trillionaire in this lifetime. I think it could potentially be CZ, the finance CEO, or even Michael Saylor of MicroStrategy. Now, the same applies to organizations with several companies now passing the $1 trillion mark valuation cap. Fidelity previously pegged Bitcoin to hit $1 million in initial prediction made by Jerry and Timmer by the year 2035. However, he ultimately said, we're way too conservative. Let's move this target on up from $1 million by the year 2035 to $1 billion by the year 2038. So there you have it. Do you feel the Bitcoin price can likely exceed their conservative target of $1 million by the year 2030 within the next seven years and hit as high as $100 million to $1 billion per coin by the year 2038? Let me know your honest thoughts in the comments right down below. 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.
CoinDesk Podcast Network
A highlight from THE HASH: FTX Founder Sam Bankman-Frieds Planned Defense Irrelevant Without More Details, Govt Says
"This is the hash podcast. Stay informed with the latest on Bitcoin, ETH, the metaverse, Web3 and more. All on the hash for your ears. You're listening to the Coindesk podcast network. Hello, hello, and welcome to the hash on Coindesk TV and the Coindesk podcast network. This right here is the penultimate episode of the hash before we go on an extended indefinite hiatus. And we are going to have a fun time, I assure you. My name is Zach Seward. We got Jen Senassi, Wendy Oh, Will Foxley. We're the hash. We have plenty of news to get to, including an SPF update that Jen is going to explain for us. Thanks, Jen. What's going on? Another day, another SPF update. We can't get away from it. All right. The Department of Justice said in a filing on Tuesday that Sam Bankman Fried's plan to argue that his lawyers approved alleged fraud during his time at FTX should be struck down for being irrelevant. U .S. Attorney Damian Williams said in the filing that SPF should specify the legal advice or abandon the proposed defense altogether, while SPF's attorneys say that sufficient disclosures were made and that his client's conditions in jail have violated the U .S. Constitution. Will, tossing this one off to you, what do you make of this? Is this just lawyer stuff? Is this just stuff we got to get done? Can I ask you that? You're the lawyer on the show. I'm not I'm no lawyer, no lawyer at all. I'm just a crypto boy. The alleged lawyer. Oh, wait, wait. Crypto boy or Bitcoin boy? Choose your words wisely here. In reverence of the famous TikTok video, I will be a crypto boy. Back to SPF, our other crypto boy in this story, not having a great time. Apparently, he's also having some bail bond issues. Of course, he covered that last week where they got rid of his bail. He was on bail for $250 million. But then he started tampering with witnesses and the DOJ wasn't a big fan of that. They went to the prosecutors, went to the judge, got his bail revoked. He went to prison. He's in Brooklyn right now in jail, awaiting his trial in October. And there's some disputes going back and forth about him being able to prepare for his hearing. He wants to be let out five days a week. That doesn't really work in jail. So that didn't happen. But they did give him some leeway to go on the internet. They gave him a laptop that had like Microsoft Word and Adobe on there. It was kind of like some fun little nuggets. And then also some limited access to the internet. But he's still not even happy with that. And he was like refusing to go back to his jail cell apparently at one point. So we do have a little bit of a prima donna moment in jail, Brooklyn, which is just, again, more drama for SBS saga. Zach? Zachary Reality I think this is a lawyer's gonna lawyer, right? They're trying to dictate the terms. They're trying to say what's in play, what's out of bounds. They're going back and forth with the judge trying to, again, get their client the best possible shake that they can. I don't know if it's gonna work. There's a lot of crazy information out there, thanks in large part to Sam Beckman -Friede's public statements as he tweeted through it all. He was very much vocal in public during this whole thing. And so it's gonna be hard, I think, to land the things, land the requests that his legal team is asking the judge in this instance. But hey, that's their job. They got to try to get the best possible shake that they can for their client. They're doing so. And now we get to talk about the different drives of the legal proceedings leading up to the crypto trial this century in October. I don't know if there's a ton more to say beyond that. But you know, there's these little updates. They keep happening. This is the legal system. Everyone in crypto now is an expert in bankruptcy law and an expert in the finer points of the legal process. So we get to witnesses, we get to learn as we go. And we get to see little headlines like this that, again, are those sort of little minor updates leading up to the big thing this fall. I think Jen may have some more nuance to offer and I saw her raise her hand, so I'll toss it her way. Maybe not more nuance, but I want to add here just as an addition to what Will was saying, the DOJ is saying that the tech that SPF has access to goes above and beyond what other defendants have been offered. And I think that's important to note here. You know, they're saying that he doesn't have enough to be able to prepare for his defense. But if we look at other people who are in the same situation, they may not have the means or the resources to fight as hard as SPF is to meet with his defense lawyers. I also want to point out here that the DOJ has filed another motion to dismiss all seven of Sam Bankman -Fried's expert witnesses. They're saying that the disclosures are insufficient, experience may be misleading, and that their planned testimony is not relevant. So it'll be interesting to see what happens there. He has seven expert witnesses and the DOJ is saying that none of them should be able to testify. Wendy? I was actually going to ask you that, Jen, because I didn't read all of the article. I know I come so prepared every day. No, there were so many articles. It's not your fault. It's not just one. There were so many. But that's what I was going to ask is, is the tech that he has, is it comparable to other people in kind of similar situations? I don't want to say similar because the type of case it is. And I also think it's important to know, I mean, he is extremely tech savvy and I can understand why the judges are like, no, we don't want you to do this because you have a long history of committing crimes with this type of technology. So to me, it would make total sense. And this is why he has a team of attorneys to kind of navigate and deal with this stuff. And I do understand when you go through the legal system, you were very much involved in your particular case, regardless of the legal representation you have. But at the same time, is he really to be trusted with these types of devices? And I know a lot of people are saying, oh, that's kind of conspiracy is. But really, when you think about it, it's he did bad stuff using technology. So why would we give him access to technology so he can do more bad stuff? And there are ways to get around things and whatnot. So I don't know. I kind of feel like this is warranted. He doesn't have a good track record. All I want to say is he probably had the best tech at his parents' house and he had to go and keep flapping his mouth. So I do actually have some some information really quickly. I did speak to somebody and they did, in fact, say that he does keep track of like a lot of football statistics and just won't shut up. And his legal team is telling him to shut up and he's not listening.
The Charlie Kirk Show
A Father's Fight With Harrison Tinsley
"One of the more disturbing trends happening in America is how the courts are either neutral, indifferent, or against reality when it comes to this gender stuff happening in our country. This is a very chilling story. Joining us now is Harrison Tinsley. Harrison, welcome to the program. Thanks for having me, Charlie. So your story is really striking. You have a three and a half year old son. Correct. Born as a biological male. Correct. Your former partner, ex -girlfriend, wants to raise him as non -binary. Is that correct? To the best of my knowledge, yes. And it has started this massive court battle. Tell us about it. Well, so it starts a few years back. I met a girl in the Bay Area. We started dating, we fell in love. We never agreed politically. I always thought, you know, that was something we could get past and just agree to disagree on some things. Unfortunately, the country's become so polarized. I'm not sure you can do that anymore. But shortly into us dating, she became pregnant. And we were both very happy about that, thankfully. And we basically, she suffered with some mental illness problems, like borderline personality disorder. It's like, it's pretty serious. And it was just super up and down relationship. And as her pregnancy went on, she was constantly threatening me that I wouldn't see my son if I wasn't exactly who she wanted me to be, particularly politically. And she would bring up things like, oh, what if our kid's transgender? Why aren't you at the woman's March? Things like that. And it got to a point where she sent me a cease and desist letter. It's about halfway through her pregnancy. So I respected it. And I didn't find out my son was born. I found out about one week after he was born from social media. And it was two months after that I filed in court. It took 13 more. And this is right during COVID. And so I met my son finally when he was 15 months old, even though I was aware the whole time. And then there was this idea of the gender confusion, right? So tell us about that. So it goes on a little bit. I moved to the Bay when half custody, then it's right around the time I went half custody. It's a little bit before he's two years old that she starts, or at least to my knowledge, seeing pictures and stuff, calling him a day, putting dresses on him, makeup on him. There was a time she took him to Disneyland. And my son told me a couple months later, he's like data. When I went to Disneyland, I couldn't go on the rides unless I wore my princess shoes. I didn't want to wear my princess shoes. I wanted to wear boy shoes. I was super heartbreaking, just as one example of the things my son tells me. And so that happens. There's a lot of defamation of me on social media, et cetera. At the same time, I get granted a restraining order on a temporary basis. It's violated. Bring all of this to trial. Get granted a trial by the court, because his mom was also arrested for child endangerment and placed on a 5150 hold while he was in her custody. She ended up getting let off the charges, but she was charged originally. And so I get granted a five -day trial, which is a super long time in family court. Usually you get a lot, you get like 30 minutes. And so we have the trial. I'm super confident about it. There's witnesses, 850 pages of evidence on my side, almost nothing on the other side. And I'm super confident about it. After the trial, about two months later, I get a decision from the court. They decide they're going to keep custody the same. They won't rule on gender. And my son had to continue to see the doctor that the mom preferred. And the doctor was open to the trans thing, right? Yeah. The doctor admitted on the witness stand that she transitions kids as young as 12 at her clinic and that a place down the street does it to kids as young as six.
The Podcast On Podcasting
A highlight from Ep364: Discipline Vs. Motivation
"I might not feel like excited to put out this episode. I don't know if I'm excited or not, to be honest, because sometimes I don't even think about my motivation or my desire. Sometimes I just think about the discipline and just putting in the work. Most hosts never achieve the results they hoped for. They're falling short on listenership and monetization, meaning their message isn't being heard and their show ends up costing them money. This podcast was created to help you grow your listenership and make money while you're at it. Get ready to take notes. Here's your host, Adam Adams. What's up, podcaster? It's your host, Adam Adams. And we are talking about motivation. Is that enough? Discipline. What's the difference? And this is a theme that continues to come up. In fact, I would say that I've gotten clips of what's that guy's name? He used to be really, really, really heavy set. He's a black guy, bald guy. He was in the army. Can't remember his name right now, but him. Oh, David Goggins, David Goggins. So he's just an inspiration to me. I've been watching him for a long time and he cusses and he's like, look, your motivation, right? And it's really discipline that you need. Another guy that I follow, his name is Huberman, Andrew Huberman. He works at Stanford. He's a doctor. I think of neuroscience. Perhaps it's neuroscience. Point is, he's a brilliant guy, really relatable. And everything that he talks about is based on evidence. He's somebody that most of us follow. I think a lot of us know who David Goggins is. I think a lot of us know who Andrew Huberman is. Andrew Huberman, he doesn't cuss. I mean, not that I know of on any of his recordings, probably because he works at Stanford and he needs to uphold something. Anyway, he's really relatable. And he's talking about, hey, really motivation comes and goes. Motivation is fleeting. Motivation doesn't get you everywhere. What if on that day you're not motivated? There is something else you need. And he talks about it's discipline. And famous another person talks about this as well. He's the short, he's also bald. He's muscly, Joe Rogan. So he worked with the MMA and he's got his podcast and all of that. And I think he tries to sell Alpha Brain. Anyway, he has some really good content that comes out. It's like three hour interviews with different people. And he also talks about how it's really not motivation, it's discipline. And because this has come up so much, it takes me back to some memories. Some memories over the last recent years. Now, when I turned 40 a couple of years ago, I wanted to make sure that when I was 40, I was in the absolute best shape of my life. I wanted to look better than I had ever looked in my whole life. And so at 40, I hired a coach and I was motivated at first. I was motivated. And then it became kind of like just part of my schedule. I rarely felt motivated anymore, but I still did it. I still put in the work, but it wasn't not motivation. It was truly, it was discipline. And here's the thing. People were like, oh my gosh, I wish that I had your motivation. And I say the same thing as David Goggins, Anders Huberman, Joe Rogan. I say, look, you're trying to tell me that I always want to go to the gym. They're like, oh, I just wish I liked going to the gym as much as you. What? Oh, I just wish that I was motivated like you. What? It has nothing to do with wanting to go to the gym. It has really very little to do with your feelings about that. And it goes to something called discipline. And this is going to apply to your business. This is going to apply to your health. And this is absolutely going to apply to your podcast. Discipline versus motivation. So I got my six pack. For the first time in my life, they weren't covered up by a layer of fat. And it was when I was 40 and I needed it to happen while I was still 40. And it did happen. And then I hired another coach for a year and it got for bodybuilding. And the truth is you couldn't count in that one year working with my bodybuilding coach. You could not count how many days that I would rather not be going to the gym. That I would rather not be eating the meals, the exact same meals every single day that he told me to eat. I wanted to just be like, do I actually have to take these supplements every day? Do I actually have to eat this many meals a day? Do I actually have to cut this much? Do I actually have to feel grumpy when I was cutting the fat? Like at the end of a bodybuilding right before the show, you are a grump. And I had a plan. I had a desire to compete in a bodybuilding show. And like I said, you couldn't count the amount of times that I didn't want to go. I just didn't feel like it. I was already sore from the last couple of days. I was still sore on muscles that I needed to work out today. I was tired because I went to the gym at 10 30 p .m. And I already had a long day. I was tired because the only time I could do it the next morning, I get home at midnight from 10 30. I get home after midnight and I got to wake up at 6 30 and go back to the gym again. I didn't always want to do it, but I was disciplined. I said, hey, it doesn't matter how I feel. I'm just going to do it. And that goes along with David Goggins, Andrew Huberman and Joe Rogan. That's exactly what they talk about. And all of this stuff can apply to your business. All this stuff can apply to your podcast. I don't know how to explain it. Yes, I do like recording these podcast episodes. However, like before I do it, I realize that I've already recorded like 400 episodes that have published on this podcast. And I'm like, in some ways, isn't 400 enough? Do I really got to do another one? These things cross my mind just as much as they cross your mind. And it's the discipline. It's like I might not feel like excited to put out this episode. I don't know if I'm excited or not, to be honest. Because sometimes I don't even think about my motivation or my desire. Sometimes I just think about the discipline and just putting in the work. David Goggins, I don't remember how much he weighed. I'm going to take a random guess, 350 pounds. Whatever it was, he was a big guy. He looked strong. I'll give you that much. He looked like he could still push some weight, but he absolutely looks like he's in the mid 300s in some of these pictures. And he got to where he like, I guess he set a world record in pull ups. But here he is one day where he's like, there's this video of him. And he goes, I was like you. I was just like you. I didn't always want to do it. I didn't always feel like it. And you know what I had to tell myself? Quit being a little bitch, right? Quit being a little bitch. I don't know if that offends anyone. So if I offended you, I'm sorry. I'm just really quoting. But for him, he's basically saying like, we control our freaking destiny. You can control how much money you make. You control your health. You control your relationships around you a lot more than you think you do. The world doesn't happen to you. It happens with you in many ways. It happens for you, but it happens with you. You're along for the ride. You are making tweaks and changes and you can tweak and change how much you weigh. You can tweak and change. If you've got abs, you can tweak and change like David Goggins. How many pull -ups you could do. You could tweak and change like many of these other influencers. It's not motivation. It's discipline. So it'll happen with your podcast. It'll happen with your business. It'll happen with your health. It'll happen with your relationships or whatever it is that you're looking to improve. The other day, this episode is about to be done. This is like my last story. The other day, I keep posting. As of yesterday, I got 125 days in a row of a consistent streak of practicing Spanish on an app called Duolingo. I downloaded the app. I paid a little extra for the app so that I don't have to have any commercials. And I can do a little bit more. I can do more lessons per day. I don't know, probably out of the 125 days that I've been in a row, I've published probably more than a hundred times. So it's like every three or four or five days a week, I will still consistent practicing Spanish. And there's this gentleman, great gentleman, just somebody that I look up to admire and respect. He does a lot of good things, except for this one thing. When I was more of an influencer in the real estate investing place, he kept posting, Oh man, I wish I was doing real estate investing. Or, Oh man, I wish I had an apartment like that. And then when I start publishing about my health journey, when I got to the six pack from my dad weighed, I wasn't quite 350 pounds, but I was 220 pounds. I was pretty chunky for myself and I didn't look that great. I did not look healthy. My face didn't look healthy. My gut certainly didn't look healthy. And I decided to make a change. And this guy is like following, he's like, man, I'm going to work out one day. Hey man, you're really inspiring me. I want to do this one day. He keeps saying that. And then I start putting about real estate. He did it about my fitness journey. And now about Spanish, he's like, Oh, I've always wanted to learn Spanish. And I kept rolling my eyes. Here I am just rolling my eyes. I'm like this guy, I mean, just freaking do it, man. If that's what you want, if what you want is a better business, if what you want is a podcast, if what you want is to increase your podcast, if what you want is six -pack abs, if what you want is learning Spanish, then all you really have to do is download Duolingo for free and start practicing. And so it was something that was in my head the whole time. And I never said it out loud. I feel horrible. Why didn't I just say something sooner? After the dozens and dozens of times that he was like, this is so awesome that you're doing this. I wish I could do that. I finally said, brother, what is stopping you from just downloading the app that I use and just start practicing this afternoon? And he thought about it. I see the dots going and then they stop. And then because this is on Facebook messenger, because I had posted something on Facebook and he replied to that and the dots start coming back and then they fade out. You can see that he's deleting. You can assume that he's rethinking what he's writing. And then the dots come again and then they stop. And then a fourth time the dots start coming and he said, I just downloaded it and I'm going to start today. And that's what you can do. Discipline versus motivation. I guess I should say versus motivation because there's a lot of purists out there that hate. They're like, it's not verse, it's versus. I just say verse because it's fast. Discipline versus motivation. You can just start right now. You can just focus on that right now. If you want to change your diet, if you want to change how much you're moving in a day, if you want to change how much money you make, if you want to change your podcast, if you want to start a podcast, if you want to improve a podcast, if you want to market your podcast, if you want to get more clients, it's discipline, even when you don't have the motivation. And that's a way to real success. Just let you know real fast before we jump off that every other episode is a solo episode like this one. And on the opposites, it's an interview episode. This one was super duper short. I'm sure you got time to listen to another episode. And I've got somebody great that I interviewed. I don't want you to miss it. So instead of jumping off the podcast, just stay tuned and I'll see you on the next episode. You're not alone if you're ready to either get your very first affordable microphone or if you're ready to upgrade your equipment to some legit podcasting studio equipment. Because on all of the forums over the last few months, I'm seeing this all the time. Even my own personal clients that work with my team, they're ready to get that next microphone. They're asking us for it. Additionally, when I'm on discovery calls with potential clients, they're always asking for this stuff. Hey, what mic do you recommend? Hey, what lighting do you recommend? What webcam should I be using? So many questions. And so what we did, my whole team has put together a PDF so that if you're one of those people who is looking to either get your very first affordable microphone or if you're ready to upgrade your equipment to more professional podcast studio equipment, whether it's soundproofing or whatever, we've got you covered by going to growyourshow .com forward slash PDF, and you can download the PDF for free or right there on the webpage is everything that you would have and you don't need to download the PDF. Either way, just go to growyourshow .com forward slash PDF, which will put you to the podcasting equipment that me and my team have personally vetted. I'll see you on the next episode.
CoinDesk Podcast Network
A highlight from THE HASH: FTX Wants Galaxy to Manage its Crypto Billions; 'Napoleon Dynamite' Star Jon Heder's Journey to World of Web3
"Hey there, welcome to The Hash here on CoinDesk TV and the CoinDesk Podcast Network. I'm Zach Seward. That's Jen Sanasi and that is also Will Foxley. We're your hosts today and we are here to get you up to speed on all that's going on in the world of crypto news. I think I'm starting us off with an update on the FTX bankruptcy proceeding. Let's do this thing. So FTX has tapped Galaxy, formerly Galaxy Digital, to sell, stake and hedge its crypto billions. This is a major development for the bankrupt exchange as it looks to get back on its feet and also return value to its many stakeholders. Let's talk about this one and then we got another little quick story that we can get to here. FTX tapping Galaxy, interesting. Galaxy, obviously the merchant bank helmed by Mike Novogratz, very prominent in the space with a number of different arms, touching ventures, touching trading, touching all sorts of things. Going to throw this to you Will, reading between the lines here, what do you think is going on with this headline? Yeah, I think there's just like a lot of cash that the FTX estate needs to get working for the creditors. I mean, they even talked a few weeks ago about how the FTX estate has not moved forward with putting a lot of the treasury into UST bonds, which would make about 4 % to 5%. That'd be pretty awesome for the billions that they're sitting on top of and they declined to do that because it's another risk factor. But maybe they can't take these crypto assets and give them to someone else to do staking operations or something that's more native to cryptocurrency itself. And they can't do it right now with like the technology they have in hand because FTX itself has shut down and perhaps it never really existed in the first place. But Galaxy Digital certainly can do it, so they're going to hand it off. My question here is like, how much is Galaxy Digital going to charge for this? I'm sure it's not cheap. As we'll get into for the next story here in a second, the FTX estate has not held its hand from spending money from its vast treasury. As of right now, they're spending about $1 .5 million per day. So I could see Galaxy Digital making quite a bit of money on top of this. I just think that speaks to Galaxy Digital's strengths, right? They have so many different arms out there. They're really crypto merchant bankers, but they've kind of been called. They have staking, they have trading, they have a research team, they have so much going on over there. So it makes sense for them to be tapped for this role. Yeah, you said pretty much everything I was going to say. The article says that John Jay Ray III is worried that selling all in one go could cause the price to plummet. So there has to be a strategy here. I think that Galaxy Digital is probably the right entity to tap in. If we think back to that story we talked about a few weeks ago now, there's this tension building between the creditors committee and all of the lawyers and executives that are trying to tie up FTX as a state. The creditors committee is saying, hey, you're spending $1 .5 million a day. It's equating to about $50 million a month. And then we have all of these assets that are just sitting around and doing nothing for us. I think this is one step in the right direction, maybe came out of that tension between the creditors committee and John Jay Ray and his team of lawyers and executives. And so I think this is a good step, but that $1 .5 million is such a big number to swallow. I just wonder at the end of all of this, once everything is balanced out, how much will be left for the creditors. But unfortunately, this is just the way that bankruptcies go. Zach, what did you make of the numbers we saw in this? Yeah, Jen just front ran that next headline. Let's see the headline guys, $1 .5 million a day, $50 million a month, $200 million. It's very expensive, this mega confusing and complex bankruptcy case. And yeah, it's absolutely a point of contention for people who are looking to get as much on the dollar back as possible. If you see a legal team that's burning through these types of expenses, and you're just a small holder looking to get your cents on the dollar, it's very frustrating. So I think this is certainly a point of contention, as we see, again, this war of words between the competing parties in this long and protracted bankruptcy case. Those are my thoughts. So that's kind of the high level of this other development with the FTX bankruptcy story, although it's a will for any additional thoughts that you might have. Yeah, I don't have much besides that. Like I'm not an expert on Chapter 11 estates, and I guess I don't have a reference for how much they should be spending. It seems like too much, and like the creditors definitely think it's too much, and they've made a lot of appeals to both the estate and then all the governing parties are overlooking the sell of these assets and saying like, hey, you guys need to back off, you guys need to like feel tired with these things, because every dollar that is not spent on legal stuff should be going back to the creditors of the FTX estate. That seems to be falling on deaf ears. Again, that $1 .5 million per day is pretty astounding. At the same time, you're looking at like the amount of credit that needs to be unwound, the amount of debt that needs to be unwound, the amount of just different various deals and fake or real business entities that need to be understood. There's a lot of work ahead of these people. So at some level, it does make sense and good lawyers, good CPAs, they'd be expensive. Yeah, another sort of like corresponding development is that like SPF, right, who's in jail, he had been granted unlimited access to his lawyers ahead of the October 3rd hearing, stressing the need for being able to prepare for this case and look through troves of documents relating to this thing. So this is the dribs and drabs of the legal process as it relates to the most spectacular implosion in crypto history. And you know, I feel sympathy with Wendy who on the show yesterday said, I just don't care. There's a lot of stuff going on a lot of procedural stuff. But it all adds up to just the mounting tension and excitement, or what will surely be the trial of the century as it relates to the crypto industry. So pretty wild, but I'll toss it to Jen. Yeah, I just want to add to that story you just brought up there, Zach SPF is now allowed to be visited by his lawyers an unlimited amount of time while he's in jail. That is, of course, after he requested to be allowed to leave jail five days a week to meet with his lawyers in their Manhattan offices. That was declined, but his lawyers can visit him. But that's not anything new. Lawyers should usually be able to visit their clients during visiting hours for as long as they want and for as many times as they want. We had a lawyer on first mover this morning who said the issue is that often the prisons have there are some barriers with dealing with the prisons and actually getting access to clients from lawyers. And so the reason that the judge said this is so that if there are any issues, the lawyers will be able to go back to the judge and get some kind of document saying that they are able to access SPF. So just a lot of legal stuff happening here, but nothing here is out of the ordinary. Okay, let's move over to tornado cash land. I want to see you guys something Zach. Legal stuff. I just want to sing. Legal stuff. So much legal stuff. All right, let's get to a more serious topic. Let's talk about tornado cash. Yesterday, the Department of Justice charged two tornado cash developers with helping hackers launder $1 billion including infamous North Korean Lazarus Group, Roman Semenov, and Roman Storms were both charged yesterday by the Department of Justice with Storms being arrested. There's still allegations out for Semenov. This $1 billion number just goes back to how much tornado cash application in which they both helped co -found has moved over the various years since its launch in 2019 and then its relaunch in 2020. The hardest case is a debate over privacy and crypto. Can you move funds back and forth on one of these applications that swapped your crypto with another participant and sort of breaks the trail of where your crypto has been in the past? The Department of Justice thinks not and it's coming after the developers for the people who made this. Of course, Alex Percefi or, excuse me, Pertsev was another developer for this application and he has been in jail in the Netherlands since last year. And of course, those charges were similar, money laundering and assisting to launder money. Jen, I'll throw the story over to you. Get your take on it. I'm going to request a fact check from our producers here. I believe he was let out of jail in April. He's awaiting trial now, but we will wait. I think you're right. It was. Stay tuned. Well, I think, okay, I think that this story is incredibly important for anyone who works in this industry to watch. Like the issue at the core of this is a huge one for anyone who works in DeFi, anyone who deals with DAOs. I think last week we had a judge say that tornado DAOs should be seen as an entity. And so anyone working in the industry, any developer who's working with a DAO or DeFi product, I think should be watching this very closely because this is going to set precedent on whether if you are building something that is used by a bad guy to commit an alleged crime somewhere, you may be held liable. And it just really blows my mind every time I see a headline come out of this. I think the fact that it's attached to the North Korean hacker group Lazarus that I think we speak about on this show at least twice a week really kind of like makes it important for regulators and law enforcement and lawmakers to come down on tornado cash. But I think it's really important to highlight that, yes, bad guys use this platform, but also a lot of good guys use it. And Zach, I know that you're probably going to elaborate on that because you really drive that notion home every time we talk about this. So I'm going to pass this off to you now. Pass it off to me. Yeah, the DOJ here is saying, hey, just because you made this tool that can be that is a neutral platform for good and bad doesn't mean you can escape liability when bad happens. Right. And that's a really significant blow to the crypto space, right? People who are making these immutable smart contracts that are often used by people doing less than good things, right? So it is, I think, going to be a core tenet of the US legal system's approach to crypto enforcement going forward. Hey, just because you did this and put it out in the world doesn't absolve you from future actions that take place. And again, we're talking about North Korean hackers, we're talking about funding nuclear weapons development. This is big stuff that the government takes very seriously and kind of, again, goes to those big geopolitical issues that we were talking about yesterday as it relates to the future of crypto kind of unfolding here. Jen, I think I saw your hand. That could have been... Just back up. No, I wasn't drafting an itch. I had it up. That same criminal defense lawyer that was on First Movement this morning I referenced in our first segment said that the DOJ will have to prove intent here and he will have to prove that they knowingly facilitated these crimes for these hackers. And so it will be interesting to see what kind of arguments are used and what kind of evidence they have against the developers to prove that they knowingly facilitated these crimes. And so I think it will be a good one to watch. Will, any last thoughts here? Okay, I got factored myself. So Alexei was let go of prison or removed from prison a few months ago. He doesn't have to wear an ankle monitor. Of course, he's facing similar charges that both Romans here in those cases are also facing as of now. Just OFAC coming down on everybody who is attempting to help them, quote unquote, wander money. I think like the DACA is still out in that. These are still allegations that have to be proven in court, but definitely a negative look for, I think, privacy when it relates to cryptocurrency.
TalkRadio 630 KHOW
"five days later" Discussed on TalkRadio 630 KHOW
"Want the magnificent You know. You are magnificent. I got to tell you something. I love your voice. I love that you're out there. I love your following. Go and follow them right now. Diamond and silk com Watch them on television. Go and follow every social media. Everything you have to say is so pertinent right now We've talked about this for a long time. We know that President Trump should still be in office. We know that We've got this guy instead. I just want to shut up and hear your thoughts on what we're seeing going down in Afghanistan because of this feeble man we have in the White House. Well, you know, whenever you install somebody, this is what happens. It makes the America America itself look weak. Very we how we're looking around the world. You have this man that then pull the troops out of Afghanistan. Leaving those people there to ride dirty you have are Americans being to me in my humble opinion being held hostage there? Because if you can't get them out, what else is it? That's right. And then you have him somewhere. What was he at at? Can't baby chilling and playing golf? Yeah, like, ain't nothing happening. I think that this is embarrassing. I think that it really makes America look weak around the world. You know where we go the rest of the world Follow? Yeah. And they see this. They won't ever our allies people will never be able to trust the United States of America. Because of what Jim Crow Joe Biden this install. I call him a squatter because he ain't doing nothing but squatting up there at the White House. That's right. Empty because what? I could not agree. Go ahead. Whenever you really think about it acts yourself this question. Was this deliberate? Yeah, with the way that they pulled out of Afghanistan, you know, President Trump had a strategic plan as the way the how he would have did did this And you have by now want to blame President Trump? Well, what it is. This is not a matter of stopping the war. It's the way that you did it, Jim Pro, Joe, because how is it that you're going to leave the weapons there and you're gonna leave the Americans there, But you Remove the truth. I mean, you're going to remove the military. I mean, what type of cyst does that make? And then now American citizens is there with no pathway to the airport, And then you want to come on the TV five days later and want to talk about We're gonna do this, and we're gonna do that. What happened today? 123 and four, right? Okay. He was so we're playing golf somewhere. Yeah, Somewhere chillin, you know, and and what? I see this individual with the way that they removed From magic that President Trump even had in place when it came down to rescuing Americans from war torn countries. A crisis like this right here. You gonna remove those measures? But then what? To blame President Trump? No stop. This smells fishy. And it ain't tuna Joe. As as you call him, Jim Crow, Joe, By the way, it's diamond and silk Diamond and silk com Watch your TV show on Saturdays, right? Mm hmm. Can make sure you watch it on Newsmax, right? And it's great. Make sure you go and check them out on all the social media by their books, See their movies do everything they do, because they're amazing. When I had Trump on yesterday, I asked him what was your plan, and his plane wasn't this his plane was the military stays into the last American is out. The military doesn't leave until the last Afghan that helped us is out and we tell the Taliban if you try anything, we blow you to smithereens. Joe Biden, either A didn't know about this plan, and I think that's probably it and be he's got A secretary defense who's more worried about personal pronouns that he used about saving American lives. Diamond and silk. We don't even know how many will even know how many Americans are there right now. We have no clue. Go ahead. But but but but y'all If he if Joe Biden didn't know about President Trump's plan, right? He's supposed to be the leader day and stop him, right? Right. I thought you was. I thought you knew about national security. Yeah, you didn't know to leave our military in place before you can get our weaponry in and the American people done then the people that helped us out first before you remove our military, That's common sense. That's not let's look at everything that President Trump already had in place before Jim Crow Joe was installed. Okay. But then, as soon as he came in, he started I'm doing a lot of different. He's rewriting a lot, a lot of different things. Even though he might not have knew about President Trump's plan, he could have made the plan. He could have really should have had a plan. But his plan was no plan. And he was down there and camp David a vacation and all of this was going down. Did you see that picture of him sitting in that room watching a zoom call? We're in a golf shirt. He looked like he was a lost old guy. They didn't know where he was like taking. Back to go get go get dinner at the nursing home or something. It was very strange. No strength, no power, no authority. He's not answering any questions, even from the complicit media that's backed him up the entire time. But let's go back to the whole idea that he followed what Trump did and it's diamond and silk. I want you to go to dominate silk com Get everything they've ever done consume their books. Their movies watch their TV show. Here's what we know. When Joe Biden got in Obama and Harris because only by doing anything, decided to stop the Keystone XL pipeline opened the southern border. Stop drilling for our own natural resources. Beg OPEC to drill more oil for US changed completely prove 41 or 45 executive orders in the first week, everything that Trump tried to do and now he's following what Trump said. Come on, man. Come on. Yeah. And when you look at that picture, just think about this right here. We saw what we saw. But who did we not see in the picture who was behind him? Who is the puppet string master, pulling his history for him to act and react to a lot of these different things, because some stuff is not adding up here, and I'm beginning to think it's trying to running things. That's right as our country. How about how we've already handed it over? Why is it impaired to that job? Odd makes America look weak? Everything that he touches. It's a disaster once is the problem here. I know that you said this from the beginning, and I've seen some tweets about this as well. It's diamond and silk. China has benefited from every decision Joe Biden has made so far. Fill me in on that lady's. I mean, that's a little stinky, isn't it? Well, not only have they benefited but remember now we do have we're in the midst of a pandemic. And there's this China virus and not one time have Joe Biden held China responsible for unleashing is Onto the world..
Boomer & Gio
"five days later" Discussed on Boomer & Gio
"Was clear we already went through this. With his side. Stuff scratching star with his side and then ended up making a star five days later and then of course he is leaving. that game. Early believes the game early with the elbow tendinitis and then he makes his next start. He leaves this game early. He just needs to take some time off. It's clear and i really think a lot of this has to do with the fact that he's in the midst of this magical season and people don't want to shut them down and they're listening to him because he is the king of the world right now and obviously he should be. I mean he. He's basically watch in the stadium. The the tickets that people by as much watch on tv. He's just that guy when he says he's okay. Everybody's okay he's okay. He's saying he's okay. So he goes out there and pitches will somebody's going to have some balls even if this. Mri on his shoulder comes back. Clean to say clear. Your body's telling you something. Let's just hit the pause button little bit on you because we need at the end of the season more than we need you right now. Well we need you you know for the second. Half of the season is really when we need it. And maybe you're right side of your body is telling you something whether it be your latte. You're flexor tendon or your shoulder. And i think ronnie perfectly last night because garry asked him a question about you know what does what injury due to your body and how do you compensate board in. Does that create other problems somewhere else and seems like this. I don't wanna say seems this is the problem. Yeah so wherever. The initial injury came from whether it'd be the latte or the elbow wherever that wherever it was coming from subconsciously. He is making amends for that. He's trying to deal with that and maybe he heard something else because of that and it's subconsciously he's doing it. It's not something that he's doing when he's on the mound us throwing free and easy last night. He looked great. I know and so look. It's a treasure. It's he's not twenty seven years old. He's a guy that i think that could use a couple of weeks off that that would be assuming that there's nothing wrong with the mri. Now if the i comes back with something then that's a whole different story now. We're talking about a different attack to taking care of it so but it's three injuries..
Scale The Podcast
"five days later" Discussed on Scale The Podcast
"Please favor and proved to me that it doesn't work. Excuse me hang up this call. We go outside. Get down out of your apartment. The first person you interacted on you choose you to be present. Day halftime manasseh. Did i know anybody think about buying. He said okay can't do it so this is after months of talk to me. He does it. He talks to a street bender. Who vaguer he said. Bob i even picked somebody. I thought when it one so the street better. He's really nice to her. You know having a great time as they caught by selling all you and she says i need to sell my place here. So two days later goes enlisted forty. Five days later he closes. It gets a chuck for eleven thousand four hundred dollars. Not bad right. yeah. I love it but we pass authors people every day. Isn't that sad as people everyday. Yeah i wonder why. What's the mindset. Shift i. I think it's i do have an answer for that. Its value most agents don't deliver. They don't know that they're worth at eleven thousand four hundred dollars. The great thing that is he had the tools and so forth in place he had something to deliver to that woman even though he never never listened property before he now had the value he had homeselling guy had a brochure that he showed her that. Be for how. He showed her how to price her home with an equity evaluations. A lot of value. Even though as i listening you know. I think it's agents don't have the by. Therefore they're intimidated. Ask a question like thought or they say that's just not for me. I can't do that. And then i always say when somebody says that's means walk bragging bite might not be for you either but once you start trying it gets pretty fun and you get good at it. And it's easy sympathetic. It just takes a little bit of time. so what are the other couple ideas about referrals. Like i love be present and having fun i. That's a brilliant move What what other. So thank you cards. That must be bold. We all have well. Hopefully we all have past clients right that we worked with but the sad thing is most of us will stay with those people haven't stayed in touch with them. We got guilty about starting it back up again and that's really sad because i can't remember ever calling somebody early on that i had involved with and saying you know. Hey how's things wanted them on the phone saying you jerk. Don't ever call me again and hanging up that's never happened. But that's a feared most agents. Mine so stay in touch with your pass clydes show them what you're doing. Show them the value. Because maybe you added the value later. So when i ask people do i haven't go around and show the buyer presentation or listing presentation. Which is very professional. It shows so. I know this if you had a buyer in the past when are they going to be an future solar okay. So even if they're not selling right now. I want to go deep with them. I want that collision that interaction with them. Because i want to show them what. I'm doing now because they have a perception. Everybody has a perception what we do in real estate ninety and usually it's wrong or it's justified because there's a lot of unfortunately the threats will be getting into the industry's pretty easing zero threshold Somebody could get some and you can't do anything else so make sure Fixed or lichen climbing routes xr will stay the real estate industry climbing. If i made a mistake what you okay so in real steak there's there's effects you make a mistake but god says too dark for these. Hang out that this teeth. Business like that daniel where you would take if you treated the business that serious. If you spent the time on your business you know. When i was climbing living i can remember hanging out front of my house upside down with a rope tied to me outright hiding upside down with my mixon and having my kids. Swimming hit me with the whistle batch. Why tried to tie knots and they said what are you. This is crazy doing this. I said well. Would you rather me practice now. Here at all or when i'm hanging upside down inside of a crevasse and i've never packed before when you start taking this profession is serious is your life. Depends it. then.
Change Lives Make Money
"five days later" Discussed on Change Lives Make Money
"There's an agreement it across the board so sent that off. Get them to do it on the phone. So they're committing to their goals their lifestyle change etcetera on. The phone is optimal like you can do it if you do it off the phone. That's fine. I'm not gonna give you ship but on. The phone is optimal get the payment. Kate called nextstep really quick. This'll take thirty seconds. Medicine the climate agreement. We can go through it together. If you have any questions you can answer it. But let's just do this on the phone just takes care of it right away on the phone if you do it after. That's fine. I've some clients that do it after but we recommend on the phone next step. The on boarding process is we are going to send the questionnaire to the client. And you're going to tell them to fill it out and get it back to you within twenty four hours now. The reason that we need to get back within twenty four hours is because human beings are emotional creatures and so right now. They're feeling excitement of transformation and they just paid you which is exciting but we need to get them to take that next step within twenty four hours otherwise what might happen is after three four five days. They don't feel the questionnaire and then how many of you guys have ever had this happened. They don't fill out the questionnaire three or four or five days later like. I don't think it's a good time for me right now. And then they asked for their money back right so we need to prevent that from happening by once we get the payment we give them to sign the agreement and then we send him the questionnaire we say. Thank you so much for you know becoming my client. I need this back within twenty four hours so that i can design your program It helps with avoiding buyer's remorse guys because not only.
Newsradio 700 WLW
"five days later" Discussed on Newsradio 700 WLW
"Chatting with someone in jail was arrested for what jail monitors saw her. Do Not only to herself but in front of her Children. The Boone County sheriff's office at 22 year old Jessica All brand of Florence, while on the video chat with her incarcerated boyfriend May attempt was seen describing to him that she could not find her snacks that their 18 month old child had eaten The snacks, which gave deputies reason to believe the snacks contain THC. She would show her boyfriend pictures of the child who appeared to be under the influence and incoherent as they laughed at them. In that same video chat. All brand can be seen walking into the toddler's bedroom, then performing sexual acts on herself while the child was present. Another video chat five days later, she did the same thing again in front of her baby. All brain was arrested Wednesday in our faces, sexual abuse and criminal abuse charges. I'm Sean Gallagher News Radio 700 WLW and the man suspected in the Clermont County shooting yesterday at Orchard Lake Mobile Home Park in Miami Township is due in court today. Adam Blevins is charged with shooting a man during an argument and then running, triggering an intense manhunt. Schools nearby had to be locked down till he was taken into custody on Wall Street. Right now, the Dow is up. 220 points. NASDAQ Up to 11, the S and P Up. 39 Your Reds Update Game day today. Reds looking to avoid a four game series sweep taking on the Giants at 12 35. Former red Johnny Cueto pitching against his old Reds team from four San Francisco Tyler Mallie on the mound for Cincinnati. The inside pitch starts next of Sandy Collins. Our next updated noon on NewsRadio 700 wlw use The following is a special sports presentation on 700. W L. Jealousy Thing is Cincinnati Reds baseball. The home run for Big Pasta plane by Jonathan India Except on the money.
Free Your Inner Guru
"five days later" Discussed on Free Your Inner Guru
"And i'm listening to you and i'm also thinking like it. Just from the standpoint of you must have also just felt incredibly helpless even in a way maybe would have felt helpless if you were sitting right there but from the other side of the world that that had to amplify the shock and the experience yelled incredibly helpless and incredibly out of control. I am somebody who has always been like super planner and controller and so it was like not get only my helpless. But how can. I fix this from where i am right now. I can't so you return home. And i can't. I'm just trying to recall. I read the book about a month ago. So you did you come home immediately or would be able to. And i also have to say. I'm having traveled and right now. This this was seventeen when we travel. No i so i couldn't. I couldn't come back immediately. We were on an island that you had to get willow private boat to get to and we had taken like three connecting flights to get there from la so it took so we looked into. I think we were scheduled to come back about five days later and we looked into coming back immediately and the earliest we would have been able to come back would have been still been like three days later instead of five days later because of the connections involved in all the planning and so it was just like it. Just didn't seem worth a to spend lots of money to come back two days earlier so i talked to my mom and my mom. We assured me that she had everything under control and that she was gonna watch her the entire time and make sure that she was okay and not let her out of her sight for a second. Until i got home which ended up being actually a good thing at first it was like. How am i going to stay here for five more days while this is happening in l. a. being on that little yoga retreat with closer circle of people ended up actually being a good thing in time to do a lot of sort of just thinking processing. Yeah yeah i can imagine and as you said you were super planner and if you can't sue There was no feasible way to super plan your way out of there. No mamas control which is really interesting. Yeah and for us. We actually had a rule that we didn't fly anywhere. You couldn't fly direct and this was like the one time we had not just broken our role. Broken it a massive way. Because we've gone somewhere that you had to take three different Flights anna little boats. To and so i was so mad at myself. L like this is what happens. When i don't follow my own rules of. Don't go anywhere you can't you know. Get to direct so yeah hard just to give some context to the conversation and also to bring your daughter into it talking about genders fauria and gender transition..
The Clapper Report
"five days later" Discussed on The Clapper Report
"I hesitated on a few pickups that should have made I should have done that. Fucking trade where i got. The guy was trading preparing for trans low. But much time. Yeah we didn't know in portray job are when back in trying to injure like five days later. I what a bad break. Yeah but by That's where i'm at. Hopefully i would my fifth place game and Finished fifth man and luckily enough. I'm winning right now. I mean it's only constellation game. So i'm not really like excited. I'm projected to win too. Which is cool. I guess you know what is it. I'm fighting for six or seven place. seventh i believe he am fighting for seventh place. So i'm not all too thrilled all through the moon about it but hey we're having some really good games especially as of late from a couple of guys such as our wears he. Oh sam bennett dude. Pick him up on his way to. The panthers has been unbelievable. Dude yeah pick uh dude like just really quickly fourteen points. Eleven points twenty one points eleven points. Twelve points twenty three fifteen points like ever since he made it to the panthers like something like five goals and looks like a ton of assists. A ton of shots on goal dude. He had eight shots on goal asking. I mean he's just going off for me so that was really good pickup in that. Little bitch evgeni malkin. He's gonna maybe come back this week. He's traveling with the team again. Asshole for can herb such a loser. Ride the fucking press box until the playoffs comes back. A magically ready to play guaranteed he was ready to play beforehand but whatever morgan riley and felino both getting day today because they're getting rest like what is this the nba. We're doing like pain. Management or load management games. Like i forgot that you know. We're we're basketball players now. Whatever load management gains. What kind of nonstop. whatever. Anyway i could care less what happens at the end. Still a loser anyway. Yep i agree with a felt about still loser anyway. Yeah well. I mean there's always next year we'll do. Oh we didn't mention. Oh my god. So on tuesday right in our league. How did we forget. Yeah the drama. That happened right So what places. He eleventh i think. Yeah he was in eleventh place right. So eleven hundred. Twelve you know He's in the eleventh place game. He's still winning to his matchup But so this loser also. On tuesday morning i get a bunch of notifications as i pull into work That this guy drops like the grittier ones drops this player. This player this player this like and like all of his players and goes how fun. Yeah and he goes have fun. I give up laughing emoji and daming. Text me immediately. It was like what the fuck is this. I'm like wait what. I was like dealership work. I'm like wait. What the fuck and everybody says going off in our lead chat. They're like you can't do this. This is bullshit. Commissioner unique to reverse the commissioner can you please versus and online. And i'm the commissioner. I've never been commissioner before. I'm like what the fuck do i do. So mobile at work. Just give me a few to figure sale borough bonkers but we basically had to do a gentlemen's agreement Because you can't reverse things.
Get A Grip On Life
"five days later" Discussed on Get A Grip On Life
"It's on the inserts in the packages and basically what that means is they test. They put it in much people. Nobody died five days later. we're shipping. That was the safety testing. They did for that. So i know the vaccine topic fairly well can go into more if you want. But that there is. There's something different about this product. That should have extra scrutiny. I think not less because we're trying to give it to every person on the planet and do it in the most rushed fashion in history. And what could possibly go. Who knows right. Yeah yeah so the checkered past. The vaccine companies. You're talking about. I mean johnson and johnson's on a three year rotation of massive settlements. Every three years something goes wrong with johnson and johnson. Let's roll into If you're ready. Spencer the ugly history of attempts to make corona virus vaccines which i think a lot of people they think that oh we can make a vaccine for everything. They just haven't tried. Well you know. Cold sores and genital. Herpes cannot be. There's no vaccination for that and that's full blown epidemic. I think forty percent of the. Us adult population has that virus. And you know you're talking of common colds flus very tricky talk to us. A little bit about corona viruses. And why you think. That history's ugly. Well it's their part of the reason there's incentive to make a corona virus vaccine is because they're so darn contagious there the flip side just not very deadly. It's basically the common cold and so if you can however find a vaccine that could stop transmission. That's that's the vac the type of viral load unplanned that goes around and can infect the most people the quickest and so the market for that would be gigantic if you can make once they have been trying for decades to do this on ferrets and civics and mice and even primates attempting to make vaccines to corona viruses. That would reach the end point. They're going for and unfortunately they've never been successful. Doing you could go back to may sorry marcher so of last year and you can watch peter hotels and pull off at talk about all of the problems. They've had attempting to make toronto virus vaccines stating this problem of Paradoxical immune enhancement where the body treat society kind storming goes in and just destroys itself..
Self Made Strategies
"five days later" Discussed on Self Made Strategies
"That's that wallet. Well that's what the chain is right. So the blockchain is basically at its core because it's evolved now because of a theory and it's going to evolve even beyond that but the blockchain which people seem to have a really hard time wrapping their heads around is like the internet right in the sense that the internet is open source and self sustaining because of the network of devices on it that keep it alive right. it's not the internet air quotes little abstract. But just sit back for a minute and try to wrap around this on here. We go hang on to your seats. The internet exists not in a server in particular right. it exists because of the network of servers and computers and Devices in general. Now because there's probably more mobile devices and smartphones and tablets on connected to the internet than there are actual computers and so it exists abstract lately because of the network that keeps it alive and the blockchain is like that right in the sense that it's it's verified created and continues to exist in a decentralized fashion not on a server somewhere but because of all of the devices that are constantly the veracity of this ledger right of the transactions like you said so basically the civilised way is Bitcoin was the first essentially. Right i'm sure. There was probably something before bitcoin. But but bitcoin was the first like real use case in the real world right. That's what they tell us. And then so but the one of the downfalls with bitcoin. As far as i understand it is And please correct me. If i'm wrong because i consider myself far from an expert. I'm usually enthusiastic about this stuff. But but i don't know that. I would run around with bullhorn shouting at people that i know what i'm talking about here but But one of the downfalls was bitcoin was created on essentially its own blockchain the bitcoin blockchain and really does not have they don't really allow people to build to on that blockchain right right and then rosario imperium is exactly so then curium comes along and creates a new blockchain where it says much like the internet. You can code. You can build things abstract things but you can build things on here. You can build like decentral end right where you can build like a virtual worlds of sorts where you can buy virtual real estate and and all of these things You can create things like smart contracts like chain link right which is basically an oracle service basically for predictive making smart contracts faster. So here's an example for those of you who are listening and jason's going to correct me because he knows a lot more than i do about this stuff but but we'll we'll try we'll try we'll see we'll see and we'll see where we're going so with a smart contract and this is again another real world use of of the blockchain and of crypto and general. A smart contract is basically a contract where it's digitally verified by the blockchain by this ludger. So that when an event happens a triggering event that would essentially create A trigger for the transaction to happen it would happen. Virtually automatically you know within a matter of milliseconds basically or several seconds a lot faster than the real world so for example jason. I have an agreement. I'm going to write a contract for jason as his attorney and jason is in exchange going to pay me my legal fees. If we had a smart contract jason would put up. Let's say ether. Or another crypto currency. Like a chain link token for that contract he would stake it for the contract once. I have completed my task. And i deliver the contract jason. Those funds are transferred instantaneously whereas in contrast to the real world. Where if we have that same exact transaction in jackson drafted me a check. Believe it or not. I would take that check and deposit it in my bank and three to five days later those funds maybe would appear after a whole bureaucratic chain of events to do the same thing that could happen almost instantaneously using a smart contract right and more or less more or less. Okay all right good enough for a layman at least so so. That's how all of that. The blockchain aspect of this is created. But then you have these non fungible tokens which you associate with a unique set of goods or something creative but we're about to take that a step. Further and basically those transactions are tracked. It like jay track like jason said. The creator creates the digital piece of art then. He sells that or she sells at the creator cells that they sell that and whoever purchases that the artist gets however many usually it's ether. I think right. E t h the theory of token is usually the transacting currency. Yeah currently that's most of the marketplaces are backed by so right. That's what you're going to pay or receive into a wallet. So on contract is what governs. How much of that goes to who seller will get x. Amount in the artists might get you know why amount And someone else might get. Gm amount who knows you know right depends on how the contracts setup and that's the really cool aspect of this on top of that is that you can create a royalty structure that forever compensates the artist right or their work which it the smart contract can do anything really it can. It can modify the token bright it. You know it's not it can change that on t- if they wanted to at that point An example of that is a product hash masks Which if you buy a house hash max. Top to say i am mass. Acquire another token. I kind of token and once. You've acquired a certain number of these tokens you can trade those tokens in and changed the name of bash mess. To- interesting so you you inherently cheese the art in the context of the art Changing the name. And that's that's kind of like if you hold that token for long enough In part of the value pulling it you just sell it and you won't get enough of this secondary token change the name. But it's a that's an interesting project. Yeah the that creator. A knee alex's of very interesting to follow His dischord servers have been enlightening Following along with this projects before that the project he did not call. My attention was called chief faces and it essentially is a token that our collection of tokens degenerated Much like crypto punks where he created a whole set of these and it's ascii art something. It's like maybe eight characters in a row of ascii letters in numerals and symbols. And the idea is that They get a score. And that's part of what makes them unique if they look more like a bear or.
The Bronx Pinstripes Show - Yankees MLB Podcast
"five days later" Discussed on The Bronx Pinstripes Show - Yankees MLB Podcast
"That was the real case and could just been. He was sore as well. And then i just wanted to give it a day and everybody makes a huge thing of this. I mean look. There's everybody's right to do that because there's been a lot of you know not an non clarity how you call it with with him and it seems like the injuries. That don't seem like a big deal. Turn out to be weeks months and is that he was going to miss a couple of games and then they were going to try and get them back in there for one day and then he was going to be pulled in the middle of this game. And it's like oh yeah he's going to have to go on the i l. Forty five days later he's back. Did you see marley. Rivera's question in on the on the zoom call post game. It was between. I think it was between his postgame. Asking about asking boone. Directly is aaron judge. Do would you consider him injured. And he's well more or less a great question. Oh that's why he didn't give an answer now he couldn't and i think maybe potentially that's also kind of leading down that the fact that he did play the next day maybe it wasn't a covid the shot and a lot of talk about it so was injured. Kerley say that can't really say no can't really say yes. I don't know what you do there. What would the reason be for judge not allowing them to tell people. It was because of the vaccine. Maybe he didn't say don't say that but they just can't say it because it's it i didn't say don't say it but i didn't say say it's just messing with everybody because everyone is so fierce public. There's a protocol just like period for you not to talk about. You know things like that at all so it even if the player but even if okay that's fair enough i don't know i don't know i don't know why you're right. They did say not in the lineup because he was feeling sick from the vaccine boom maybe judge thought was maybe he thought it would come across a soft. I don't know and he's sick of people think it he solved so instead overrides they got great. He's going to have an oblique issue. It's going to keep him out for six months. Yeah now our expectations. Like oh my god. He's in the lineup for all excited. You know who's not in the lineup for two straight days is clint frazier breath for a couple of days. What happens when he struggles over his last thirteen but he had he was off to a hot start. So it's like okay. You give him six days and he's he's good and then the next four days he's bad it's like you're going to really make decisions based on these drastic samples one way or another earn other. He's either you're starting field or he's not if if he's got this tiny leash with clint frazier. It's not gonna work again as long as brad gardner's on his roster boondoggle just lean on brett gardner because he's a veteran any loves them fine. But it's not gonna work if you're going to have this short of leash with frazier. No they definitely need to allow him to work out of things. I mean it's so early in such a small sample size to. It's tough to tough to even sit see that that was the reason because of the i mean. He clearly said that he was not benching him. It was just a matter of the plane. Whatever you like sit hicks another day and let let frazier play the game. The guy needs reps. We want him out there. He's one of our best. Ob guys i don't care if he's a slump him out there every day every day key she in fact helps this lineup get get a little bit different he does. He is part of the solution. He's not part of the problem or prior to the oh for thirteen. I think he was. He didn't reach base in his last thirteen plate appearances prior to that he had like a five fifty on base percentage again. We're talking about a few games here. It's not it's that see. It's very difficult to go anywhere. No matter what you want to give them a day after going over thirteen fine give them a day for going after going over thirteen. Get back in their boots that he'll be back in there monday. Good he just liked the way. Brett gardner was going head to get him in there. Okay that's a feel thing. Fighter carter actually has had competitive and brett gardner had a a bat late in the game against a left handed reliever which i was surprised like. That's an opportunity if you're going to pinch hit for brett gardner lefty on lefty brek gardeners terrible against lefties at this stage in his career. And yes. I know like kay in florida we're talking. Oh the razor. Just gonna counter with another random reliever fine but so you're deciding okay. I'm more confident in lefty on lefty matchup with garner than righty unready. Matchup with clyde frazier. Yeah no. It's definitely telling surprised. Because i thought that was an obvious move but no. He went with the veteran guy. And you know garnered has had good at a boneheaded a play today. Although i got i i'm going to defend him. A little bit on the base paths because when that balls up in the air. It's hard to see where it is. I think depth perception wise and most timed apples kicking back. Not just straight up. It was kind of like a very favourable. Bouncers in you know so. I like his aggressiveness. It didn't work out. Unfortunately it made him look stupid and it was a bad time but it's hard it. I think it might have been a tough ball to read at the place..
Heartland Newsfeed Radio Network
"five days later" Discussed on Heartland Newsfeed Radio Network
"That's it's mark with you and chris and funny six. Oh three two eight three six one. Six zero six zero three two eight three six one six zero and i'm calling today the first day of recovery for me from covid out big one their big question mark on that one. I hoping that it doesn't return. Because that's one of the things that hooked. Kobe is known for but i really feel like today's today's the first day of my recovery. I bet a lot of people out there like have been waiting for the day that freetalklive would get covid and it happened masala freetalklive. All you know is wasteland. Yes scott it. Yeah you know. All the people who are like super mask maske. They absolutely were waiting for the state Just so they could ask us. Yeah and well. If it makes anyone feel better. It was a guy that was Using the hospital came out. Well that's where people get sick right and you know so drug it out of there and spread it around because that's how viruses work and that's how viruses work. I actually thought it was possibly along for officer that causes originally but i was not equally skeptical because it was just so close to the time where we got rated and then you know biological warfare has certainly not something the governments above but i wonder it wasn't suggesting that they intentionally affected us. So what happened was during the raids. One of the keen police department employees. Jason shortly was he actually came up so close to to myself. I'm bob and bob wasn't feeling well like the next day i think or something like that or no. Maybe it was like five days later. I forget exactly but it was. The timing was right is what he was telling me that he coughed on. Bob he coughed on bob. Yeah he actually coughed on bob right in his face and selena well anyway but he certainly wasn't keeping this doing this thing and you can actually see it on the video. If i'm not mistaken that was released so now with our speculation but we didn't. We didn't know at the time that it i mean. Yeah it's possible that that was what caused it but it might also just as likely chance that it one of the other people who are arrested. Or i'm sorry not arrested one of the other people in our community here that spread it. Yeah i think it was. What marks on the person who's been in the hospital thing is like he doesn't come hang out with us ever until after the raid. So it's a perfect time for him to give it to us was around that time after the raid so it could be that it was him that i'm pretty sure. Yeah but i mean. Look into sue the guy or anything like that i mean and why would you just some poor guy who did it for me. I'm happy that he didn't come down with it the way i did because it could killed. Yeah yeah yeah. i haven't actually. I haven't heard from him. But i hope hopefully he's doing better. I haven't checked on. I checked today. But the person with whom i his roommate didn't know anything. There's a few people that are actually concerned about. There's one of the other people who are infected of the six. I haven't heard from as he hasn't been on any checked on the captain yesterday and he was doing. Okay okay on break. we'll talk about somebody else. Because there's i'm a little concerned okay. Well the best of my knowledge the ones who got it the worst were me. And the captain so yeah. The person i'm thinking of has medical conditions that could be a problem including hypochondria. I'm sure the number six three two eight three six one. Six zero six zero three two eight three six one six zero and interestingly bitcoin dot com very interested in the story that peter the'll is saying that it's it's likely that china is trying to weaponize bitcoin against the united states. And if you want to keep up on your crypto currency news. Bitcoin dot com is a great place to do it. I'm not sure that they've got commentary on this yet but it is. It's just sort of thing they keep track. Keep track of their bitcoin dot com. So go ahead So back to yahoo finance about peter. Thiel says heels comment on the potential use of bitcoin. Chinese financial weapon was followed by his forecast of its threat to fit current or money and the us dollar specifically this comes as china recently trialled at central bank as you digital currency according to field this internal stable coin will amount to nothing other than some sort of taliban measuring device however he did urge policymakers to consider these crypto forward moves from a geopolitical point of view. So what i think. I think he's correct. I first off. You're not going to regulate yourself out of this problem. Okay now you know that. A little bit of Closing the door barn door after the horses of left. Now sorry. that's not gonna work but you The united states government can take certain policy stances towards bitcoin. That will head off problems with china in the future or it continuing acting. It can continue acting like buying and selling. Bitcoin is somehow attack our banks and our world monetary system. And you're going to have to go to jail. That's not gonna work and you know what's funny about this whole thing is they haven't even scared. The people in new hampshire like away from doing the things that like. They arrested six people. But there's a lot more people in new hampshire. Doing the exact same thing arrested six people for crimes that aren't crimes right exactly and this is the thing that people have to remember. They're not just coming for the six people. They're coming for your money to your crypto. They're willing to lie about their own laws to lock you up to you. And that's why the crypto six dot com is an important website to go to and start donating so that we can defend these people because well your freedoms are at stake. Ladies and gentlemen and you can also get a t shirt from the knicks dot com to And help support and advocate for other people that you're advocating for the crypto as well where conversation starter the thing about las paragraph though. That sounds weird as he said that. The internal stable coin would be some sort of totalitarian measuring device. But then he says that. The us policymakers should consider these crypto moves. So they're already. I mean so look. China is already made its digital currency and the united states and the e. u. or looking at creating one themselves so they're Two three four years behind so like they haven't had any warning. Yeah i mean. I think we have to be careful about this. It's a digital currency but it's not necessarily a crypto currency because digital doesn't mean it's so afraid of crypto currencies. That's why they're creating a digital currency to try and compete even good definitions as to. What a crypto currency is. This is crypto currency but it's not a crypto currency it d- centralized because it's a crypto currency it's crypto currency because it's backed by crypto. It's guys unbreakable cryptographic cryptographic code. And so we don't even have good definitions as to what makes one of these things good and one of them bad which is a huge problem in the whole where we've created all this stuff You know when we first talked about bitcoin. It was going to be microtransactions. Anonymity basically know all kinds of stuff. It's just you know free or nearly free transactions and all this other sort of thing none of that's so anymore. Well i mean. There are crypto currencies that match all of those things still. it's just not necessarily bitcoin. Bitcoin certainly. I think some of the there are some essential elements to a crypto currency. And one of them is the decentralisation aspect of it and there not being any control over.
Marketing To Millions
"five days later" Discussed on Marketing To Millions
"Benefit. You getting people's attention span. Distraction free for sixty minutes to have them really engaged. during the presenters training or or coaching lesson to get them to be that much more ready to purchase your program at the end will end the other benefit to that is a fat presenter has a really large list and now they're part of your list. If you're on live with that presenter people are gonna come because they want to see that presenter but now they're building a relationship with you because they seen you interact with the presenter with their expert hero so there's lots of benefits to the live also the downside to live is you're never gonna pick at times in that works for everybody. He just kind of have to roll with it and let him watch the recording And be okay with that. And that's why we why recommending to have that recording available to everyone in not limit the timeframe that people get access to recording until five days later. Yes great so another thing that i would love to touch on is our post summit strategy so with a webinar we have a strategic post webinar strategy that marketings millions listeners have heard me talk about before but i would love for you to touch on how we continue to connect with our new leads. Even if they haven't know i'd love to hear how we encourage them to an invite them into our memberships programs but also what is our strategy for those people that don't purchase. Maybe because their brand new to you. And they're coming from in affiliates list or something. You are there ways that you recommend. I probably already know the answer to this. But i would love for you to of share with us. Know the ways that you would recommend to continue to connect and make sure not losing the momentum from that summit excellently and. I'm sure that my answer is not very far different from yours in keeping nurturing keeping contact with them three regular emails. And don't just have some experts that i follow that. I get like three four emails a week from and that's just too much because i've already tuned off. A unsubscribe. I quit listening. But touching base with them wins of week offerings. The more it always always comes down to valuable content. You work really carefully with people about content and one of the things. I think we get hung up on. I know i see with my clients. And i'm sure you see with your clients is that they build the content and it's so precious and so valuable to the her steer client but not looking at it from the subscriber so really making sure that you're not just using your content as a platform to share your opinion. But you're actually offering benefit they. You're actually offering ways to grow to the subscribers. I feel like. I should be using names getting might by your client drivers vendors but maids..
A Desi Woman with Soniya Gokhale
"five days later" Discussed on A Desi Woman with Soniya Gokhale
"To be that way. And there was no reason for him to hit me. Just because i had difference of opinion because i believe differently. And you know. That's that. I wasn't willing to go along with the fact that he was in a different relationship. Here with somebody else that i just wanted to be independent of. I don't mind if you have a relationship with somebody else as long as you know. I'm not forced to have a relationship with you if i don't want so. I made that decision. That this is not sustainable. Because tried to talk we had discussions. And when i tried to express i got beat up and when i just felt like you know my waist doesn't count then i had to take action and whatever opportunity i could find. It was five days later. I just decided that. I am capable. I can take care of myself. I will find way my my way back and that was the original plan. I was just going to leave. I just knew chicago is the nearest city. And i had a friend from ed school. Who is doing residency. I figured i'll get there and then i'll just Fly back to india borrow money. I'll fly back to india. I'm a physician in india. I can work my way alpay again. And that's that as far as you're saying that this is not supported it's would absolutely not be supported by my family's i had a plan to just go somewhere that they didn't even know where i was just so that they didn't have to. You know first of all that the they would not accept it and who knows what that would have resulted in two and also it's not looked upon very kindly culturally to for you to have a daughter who's divorced and of course despite all the education and their theoretical believes they ultimately didn't believe that to some extent of woman needs to compromise and the woman was their their sister here and so but this sister was not ready to compromise. So i was. That was my plan. I was gonna leave is gonna make a life of my own. But because i couldn't find my passport i couldn't leave the country and here i am twenty five years later. Well that is just a remarkable story of courage and and really. I can't thank you enough for sharing it because if there is somebody listening to this and i know there will be. I truly hope that you find the strength and courage to think about leaving a violent situation. And i recognize situation different. I will have links and the podcast notes. Various organizations around the wall that are committed to helping survivors of domestic violence and both in the united states and amongst our diaspora. So thank.
Progressive Talk 1350 AM
"five days later" Discussed on Progressive Talk 1350 AM
"Jenny knew that Kirby had been doing her own soul searching and the Jameses teachings had already helped. And she was going to stay there to get the most out of the experience whether she believed everything or not. Neither of us ever thought. He was dangerous. Later that year after attending another James Ray event with her father, Kirby Brown would get in her car and drive to Sedona, Arizona for a five day intensive retreat with James called Spiritually Warrior. For James's followers. It was the pinnacle event of their journey, and Kirby spent her life savings nearly $10,000 to be there. Retreat started on October 4th 2009 Five days later, Jimmy was at home in upstate New York around 8 A.m.. The doorbell rang. At 8 15. Trooper comes to the door. And asked me if I know Kirby Brown. Can. My first thought was My God. Is she in some kind of trouble, But it was more than trouble. Jenny would never see her daughter again. From wondering. I'm Matt Stroud, and this is Guru. The first time I met James Arthur Ray..
Progressive Talk 1350 AM
"five days later" Discussed on Progressive Talk 1350 AM
"The experience whether she believed everything or not. Neither of us ever thought. He was dangerous. Later that year after attending another James Ray event with her father, Kirby Brown would get in her car and drive to Sedona, Arizona for a five day intensive retreat with James called Spiritually Warrior. For James, his followers. It was the pinnacle event of their journey, and Kirby spent her life savings nearly $10,000 to be there. Retreat started on October 4th 2009 Five days later, Jenny was at home in upstate New York around 8 A.m.. The doorbell rang. At 8 15. Trooper comes to the door. And asked me if I know Kirby Brown. Can. My first thought was My God. Is she in some kind of trouble, But it was more than trouble. Jenny would never see her daughter again. From wondering. I'm Matt Stroud, and this is Guru. The first time I.
Feast of Fun
"five days later" Discussed on Feast of Fun
"Whether you're going after another woman or whatever you're saying your friends as We have like the standard like. Oh no some women like your nails are over this amount of link fence cute. Your hair is this. I mean like our standards of personal upkeep are hiring a clean one dealbreaker from those. I was with this guy and he got around a lot. You know who's gay guy so you would expect that and he's just like you know he's taking prep which is pre exposure prophylaxis. But you know there's other things out there and he says. I don't worry about that. I just go to my doctor once a month Dosed and then four or five days later. I i'm just right back at it and i'm just like so you're telling me you get you get dosed whether you have something or not and then four five days later after because you know. Most of the waiting time is ten days. It's usually ten days now. They just tell you that but really it's probably like four or five days and i'm just thinking to myself you know what kind of mutant strains you know what kind of tolerance and i was just kind of life. We had our fun. I don't think that's going to happen again. The at don't call us. We'll call you so. Hey i want to before we move on to talk about. Tv shows right because we're talking about women in strange relationships. And there's this total bogus scandal. What between the my pillow. See michael in bell and of course thirty rock star. Jank rakowski saying that. They've been in a love romance behind. Doors with the best headline is is jane krakow's ski biting the my pillow. And i think you know the reason that this gossip is catching wind is because we all know of women wonderful amazing women who get into relationships with terrible men. And you're like why are you with guys like honey because the diggers good now. Jank rakowski responded to the rumors on you. His house might be the best we don't ever statement. Said she rather be relationship with criminal frog than with this clam and now he met him never met him. Neither of them have met each other and now he is suing the daily mail for defamation. Because he says he's been negatively affected by the rumors of him being a relationship with a beautiful blonde woman whose very liberal.
Feast of Fun
"five days later" Discussed on Feast of Fun
"Whether you're going after another woman or whatever you're saying your car friends as We have like the standard like. Oh no women like your nails are over this amount of link fence cute. Your hair is this. I mean like our standards of personal upkeep hiring a clean one dealbreaker from those. I was with this guy and he got around a lot. You know who's gay guy so you would expect that and he's just like you know he's taking prep which is pre exposure prophylaxis. But you know there's other things out there and he says. I don't worry about that. I just go to my doctor once a month Dosed and then four or five days later. I i'm just right back at it and i'm just like so you're telling me you get you get dosed whether you have something or not and then four five days later after because you know. Most of the waiting time is ten days. It's usually ten days now. They just tell you that but really it's probably like four or five days and i'm just thinking to myself you know what kind of mutant strains know what kind of tolerance and i was just kind of life. We had our fun. I don't think that's going to happen again. The at don't call us. We'll call you so. Hey i want to before we move on to talk about. Tv shows right because we're talking about women in strange relationships. And there's this total bogus scandal. What between the my pillow. See michael in bell and of course thirty rock star. Jank rakowski saying that. They've been in a love. Romance behind doors with the best headline is is jane hausky biting the my pillow. And i think you know the reason that this gossip is catching wind is because we all know of women wonderful amazing women who get into relationships with terrible men. And you're like why are you with guys like honey because the diggers good now. Jank rakowski responded to the rumors on you. His asking me might be the best. We don't ever statement. Said she rather be relationship with criminal frog than with this clam and now he met him never met him. Neither of them have met each other and now he is suing the daily mail for defamation. Because he says he's been negatively affected by the rumors of him being a relationship with a beautiful blonde woman whose very liberal.