40 Burst results for "Five Year"
Simply Bitcoin
A highlight from El Salvador's Economy is BOOMING Because of Bitcoin | EP 837
"Yo, welcome to another episode of Simply Bitcoin Live. We're streaming from Santa Monica, California, also in, you know, in the greater Los Angeles area, because we're in L .A. for Pacific Bitcoin. Opti is currently on the move. He's he's traveling. So we got some people filling in for Opti today. We have my significant other who deals with my madness, deals with all the the Bitcoin talk, slowly converted her into Bitcoin. Slowly but surely, Internet Sophie. What's up? What is up, everybody? We're going to have to play producer here because we are in the same room and we're going to be giving each other a little bit of feedback. But I'm really excited to be here. It's the first time on the show. I'm honored. And yeah, let's get this rolling. Yeah. So it's going to be it's going to be a special show. But we have a lot to talk about today. We have we're going to talk about El Salvador, how else out, because that was one of the things that I've heard, like one of the criticisms was that Bitcoin wasn't directly responsible for El Salvador's economy doing well. Well, there is a report released by Banco Santander of Spain, and they said that Bitcoin tourism was directly responsible for a lot of, you know, El Salvador's economy improving. Also, not to mention the security stuff as well. And on top of that, the IMF released not only the IMF, the IMF and Jerome Powell, who is calling himself Jay Powell on Instagram, are starting to release memes. They're starting to release videos because they're realizing that they're losing ground on the battleground of the Internet. Now, unfortunately for them, we have home we have home turf advantage. Our meme addicts are better than theirs because they're based on truth and theirs are based on lies. So without their ability to control the narrative, like the total narrative, their memes will eventually fall short versus our memes. Again, we have we have the pillar of truth. We have a proof of work backing us. We have Bitcoin backing us. So I think we're going to out meme them, not to mention it's a bunch of boomers like trying to make Instagram videos like it's kind of strange. We're going to play it for you guys and we're talking about it. And also, I want to bring up my co -host today, the legendary one and only Mike Hobart. He's part of the Bitcoin Veterans podcast with Alex Stanzik and co. How are you doing, Mike? Thank you for filling in for Opti today. What up, nerds? Yeah, you don't have to thank me for that, man. As you guys know, specifically you and Opti, well, everybody else in the in the chat, I just enjoy doing this. So whenever you guys need some assistance, there's as long as the schedule permits, I have no problem helping cover down and talk about Bitcoin, dude. Well, I appreciate I appreciate you joining us, Mike, like always. And of course, we got Steve. Now, Steve is very interesting. He is he's a good friend of producer Jacob, and apparently he has solved the oracle problem or better. Maybe let me let me phrase it differently. He's presented a interesting solution to the oracle problem. So there's two problems in computer science, right? There's the two. Let me make sure I don't butcher this. The business in general's problem, which is something that I hate saying, saying that Bitcoin solved, but Bitcoin came up with a good solution for. And then there's the oracle problem, which is another problem in computer science. And Steve, apparently a lot of people were going crazy when you presented the solution. So could you talk a little bit about what the oracle problem is and what your solution does? Sure. Yeah, thanks for having me on the show. I'm not sure if I'd be quite so bullish to say I solved the oracle problem, but sure. So the oracle problem is, you know, who's the person that tells you what the USD price of Bitcoin or who's the person that tells you what the outcome of? Any event was betting on a football game or betting on an election or something like that. If you've got some kind of contract that needs to be settled, both of the people in the contract or both the people in the bet need to kind of agree that we are going to look to this source, you know, like NFL dot com or White House dot gov or like Coinbase dot com to tell us what the official answer is on the outcome that we're betting on. And this is a problem just because you basically need a trusted third party or some kind of centralized person to solve it. And so what I've done is I noticed a long time ago that the USD price of Bitcoin was an emergent on chain feature of the Bitcoin blockchain. And so I knew that I could tease out the price on chain for a while now. I've known this for like five years now, and I finally got around to doing it. There's multiple ways it could be done, but I released the UTX oracle dot pie dot p y. It's just a simple Python script. You can get it at UTXO dot live slash oracle. And this way, everyone can run the exact same very simple Python program and they can only communicate with their own node and takes about a minute to run, reads in 150 blocks or so. And you get the exact same price as everyone who runs this independently. That's kind of it's kind of nuts. I mean, there's trade offs. There's pros and cons. I won't say it's like the solution to the oracle problem. But like you said, just like Satoshi with Byzantine's general problem, it's not like he solved it. He just kind of like did some roundabout way about it. Yeah, exactly. I don't think they're solvable per se. I think that there's ways to tackle them. And they're, of course, like you mentioned earlier, there's trade offs. But it's very, very interesting because you used the basically data from Bitcoin to surmise the USD price without relying on a single exchange or a multitude of exchanges or whatever. You're just relying on on chain data. And I think that's absolutely fascinating. And I think there's something more there. I think we're just starting to see the first innings of that. So, Steve, we're super, super hyped to have you on the show today. We're going to dive more into what Steve is working on his project during the culture segment. But first, we got to get to the numbers. Let's start the show, everybody.
Simply Bitcoin
Fresh update on "five year" discussed on Simply Bitcoin
"That's right. You're too dumb. No fancy academic speech for you. But this is interesting. I think, you know, we all know that Chrissy Lagarde was the head of the IMF. Maybe she did this as a response to Opti on simply Bitcoin. I don't know. Anyways. There's been a lot of talk about inflation around the world, but what is it really? And why is it happening? So what is inflation? Inflation is a broad based increase in the price of things. First, when I say broad based, I really mean that inflation is not about the price of broccoli going up versus spinach because there's been some new diet fad that says that broccoli is better for you. It's about the prices of vegetables rising in general and about the prices of other things rising. Now, for consumers like you and me, it's about a broad based increase in the prices of things that we consume and pay for. So that includes things like groceries, gas, subway passes. For businesses, it's about a broad based increase in the prices of things that they pay for. That includes the computers that we work with or the electricity bill for the lights in this cafeteria. There's a second related point, which is that it's about the representative basket of things that consumers actually consume on average across the entire population. So maybe subway pass prices are going up, but that's not going to factor into countrywide inflation in a major way unless most people in the country actually ride the subway. Now, the reason that we care about inflation is that it can lower people's living standards. When prices rise faster than wages, people are effectively getting poorer. A dollar that I have today is worth less than the dollar that I had last year. That makes me worse off. That's why we say that inflation is the worst tax on the poor. So why is it happening? Well, there's two big buckets of reasons. The first is when there's shortages in supply or slowdowns in supply. So let's think about coffee production since we're here in this cafe. Let's say that there's a bad harvest or a drought, which reduces the amount of coffee beans. However, everyone in the world, including myself, is still going to have the same demand for those coffee beans, and that's going to nudge prices up or take covid as an example. A lot of people were asked to stay home to avoid spreading the virus. In some cases, that led to a shutdown in ports or shipping terminals, limiting supplies. Again, that nudged up prices. The other big bucket is on the demand side. So people demanding or wanting more goods and services than there are available. Sometimes economists call this an economy overheating or running hot. So what can governments do to? OK, do you notice that the money printing was never brought up as a reason for inflation? It wasn't even talked about. It wasn't even it wasn't even like if you look at the M2 chart, right, the amount of money that they print, they doubled the money supply. That's never talked about. Now, this is why we can call them out on their bullshit. Right. And it's very simple. And this is a website that I show all the time. It's called Price and Bitcoin. Right. And this is the power of a deflationary currency. Now, it compares Bitcoin to like a crap ton of fiat currencies, but also, you know, commodities and, you know, the S &P 500 and housing prices and a five years on a five year scale, on a three year scale. Even with Bitcoin at the bottom of a bear market, life has gone in cheaper, hasn't gotten more expensive, even though all of those things happen. Right. All the let's let's take her word for it. It has nothing to do with the fact that governments printed this ungodly amount of money. Let's not talk about that. Let's talk about the fact that it has to do with. Here it is literally. And they were telling you, like there's no inflation coming when this was happening. So so let's not talk about that. Let's not talk about the ungodly amount of money that they printed. They blame everything and anything but themselves, even though they are the sole cause. They printed more money. They added more money to the money supply and that debased everyone else's currency. Now, here's the thing. Their solution. What can governments do? That's framing. Right. So it's basically saying, like, government is the solution to this problem. No, no, no, no, no. Government is the problem. Government is the sole cause of this. They caused this. It wasn't all the other reasons.
Addiction Unlimited Podcast | Alcoholism | 12 Steps | Living Sober | Addiction Treatment
A highlight from What You Do When Moderate Drinking Fails
"And I tried to moderate and make all the rules, like I'll only drink two times a week, I'll drink beer, not wine, I'll only drink when I'm out, I'll only drink when I'm home. I mean, you name it, I tried it, except for stopping. Hey everybody, welcome to the Addiction Unlimited podcast, where you get to learn everything you want to know about addiction and recovery. I'm your host, Angela Pugh, co -founder of Kansas City Recovery, Life Coach, and Recovering Alcoholics. To learn more about me, you can listen to episode zero on your podcast app, or find us on the web at AddictionUnlimited .com. Hi Casey, thank you so much for coming on and doing this episode with me. I am super excited to get to know you better. I'm so glad you're here. Yeah, thank you so much. I'm excited to be here too. Yeah, why don't we start with, for everybody listening, just tell everybody a little bit about you and what you do. Yeah, absolutely. Well, so I am a life and sobriety coach. I have a podcast called the Hello Some Day podcast for sober curious women. I primarily work with working moms who also kind of do all the things and then come home and drink to sort of zone out from all the things or stop their racing minds. I stopped drinking seven and a half years ago. For a couple of years, I just wanted it to be part of my life. I didn't want it to be the thing. In my life, I was working at a fortune 500 company. I had two kids. I was just living life without the headaches and the hangovers and everything else. And then I went back to coaching school. And again, I wasn't intending to be a sobriety coach. I was just wanting to be a life coach for pretty much every woman I knew who was 40 and had done all the things you were supposed to do to have a good life and looked up and was like, why aren't I happy? Every woman I knew at my corporate company. So what was your journey like? When did you realize that you had a problem that was bigger than just putting it down and leaving it alone? Like where you realized that you were gonna need some sort of additional support? Yeah, I had been worried about my drinking for a while. I always knew I was a big drinker. I loved it. I didn't drink in high school and I was sort of the hypervigilant, super responsible person. And then I got to college and I joined the women's rugby team, which is like a crash course in binge drinking and figured out that getting drunk turned off all of those worries in my mind, right? And so I would drink heavily and then be brutally hungover. And then after I graduated college, it just still became my main way of coping and not stressing out. I would drink before going on business trips, like to not worry about it, which was terrible because I was brutally hungover. I would drink before job interviews, the night before my dad got diagnosed with pancreatic cancer when I was 21. That was kind of a way that I stopped worrying about it. And so I would drink, I would throw up in my 20s for like sometimes hours on the bathroom floor, just throwing up bile and sweating. And my mom was like, maybe you need to reevaluate your relationship with alcohol. And I thought it was a joke. I thought it was a funny punchline at the time, but it definitely stuck with me. So I always drank, I was sort of a 365 nights a year drinker, always open the bottle of wine with dinner, always have a cocktail when you went out. And then I started having the 3 a .m. wake ups and off just the charts anxiety. And for a while I was oblivious. I thought it was, I need to go to therapy and get anti -anxiety meds and anti -depression meds. And they gave me sleep medications, which then I was drinking a bottle of wine a night and taking Ambien, which is so dangerous. And then I wasn't oblivious anymore. Do you know what I mean? When I knew and I tried to moderate and make all the rules, like I'll only drink two times a week, I'll drink beer, not wine, I'll only drink when I'm out, I'll only drink when I'm home. I mean, you name it, I tried it except for stopping. And then I was like, oh dear God, I might have a real problem. I read Drinking a Love Story by Carolyn Knapp. And just when she, the way she writes about drinking and the relationship and how much she loved it, I was just like, yikes, this is me. I sort of wrote myself a letter saying, I have a serious problem with alcohol when my son was like six months old. And then I came back three days later and was like, just kidding, no problem with alcohol. I mean, I was like rationalizing to myself on paper. Right, I like how you were just letting your journal know that you were just - Oh yeah, like just kidding, nothing to see here, no problem, just in case. Yeah, it was so funny. So I worried about it when he was six months old. I took my first serious attempts to stop, go to therapy with someone who dealt with addiction, joined an online group of people who were trying to quit drinking. And a girl from that group took me to my first AA meeting when he was five years old. So six months to five years of trying desperately to moderate when he was five. My first attempts to really be like, okay, I stopped for four months. I got pregnant with my daughter, amazingly felt better. Life got better because I didn't drink for a year. I was like, wow, I'm fixed. Like it was situational, the issue, right? Now I can moderate. Went back to drinking with the intention to just, what we all say, like just on a date night, special occasion, decently quickly, I was back to a bottle of wine a night or more. The whole time I knew it was an issue. I knew too much. Like after you've done some recovery, every hangover, every fuzzy memory, every anxiety attack. So it took me 22 months to stop again for good. The whole time I was writing myself letters being like, I need to stop drinking. This is gonna mess up my life. But then when I did stop the second time, I ended up hiring a sober coach, which helped me so much. I'm sure it's why I became one. But that was my last day once, the day I reached out to my coach and I didn't know it was going to be, but I just kept stacking days in front of each other. And I also knew how hard it was to get started. And I knew that it would take me to that low place. Like I just burned my hand on that stove enough that I could no longer say it's my job or my husband, or I knew it was the alcohol that was bringing me to that point. What did your first year of sobriety look like? Like what did you do different? How was your life different in your first year? Most of my life stayed exactly the same. Same job, same husband, same kids, same friends. What I did do was I took it incrementally while knowing I didn't wanna go back. So I did not focus on forever. I did not spend a lot of time debating whether I was an alcoholic or I had a serious issue with drinking. I just said, okay, I'm going for a hundred days alcohol free. I was unable to make it to day four before then. So this was like the biggest goal I could imagine. And I told everyone in my life that I was going a hundred days alcohol free as a health challenge. I drank every single night. There was not a single person who was going to not notice that I was like ordering something else. So I told my workout group and my work colleagues and my husband and my friends and literally anyone. I told my husband that I needed to get all the wine out of the house. He still drinks, he drinks beer, but seven and a half years later, we've never had wine stain in our house. People bring it and take it away. And I told him to please not bring me wine home when if I had a stressful day, he knew that's what made me happy and that it was going to be really hard for me, but I was serious. So I had my coach, I had my online group that got me through my first 60 days. At 60 days alcohol free, I joined sort of an online coaching program with a group that helped me with even more people, even more knowledge, even more support. At four months, I had a major anxiety panic attack. And that was sort of the breaking point because I really felt like I couldn't cope. I was jumping out of my skin. It felt like I could barely move through the day. Turns out I had an undiagnosed mood disorder, go figure. I never would have figured that out if I wasn't sober, like never. But I went to my doctor and said, basically I can't go back to drinking and I cannot feel this way. So you have to help me. And she did. I got a great EMDR therapist. I got on some medication. I made it through that and then kept adding supports till I felt like I was balanced and solid.
Crypto Banter
Fresh update on "five year" discussed on Crypto Banter
"Here we go. So the judge ruled that the court found as a matter of law, Ripple's XRP sales and exchanges are not securities. XRP sales by Ripple executives are not securities. XRP's distribution to developers are not securities. And by the same ruling, Matic, Solana, and all those, there is a ruling, a judgment that they are not securities. What happened then was in the middle of the case, because the case is not finished, the SEC tried to get to appeal the decision in the middle of the case. They asked, they called it an interlocutory appeal and they filed a motion to appeal that part of the judge's rejected the SEC's motion to appeal the Ripple ruling. So the judge rejected and said, you can't appeal the Ripple ruling, which is amazing. What does it actually mean? It means that the SEC is now taking another loss. It means that in order for the SEC to appeal the ruling, they're going to have to wait until the end of the case. What the judge said, and I wonder if I can just find a, the judge found no substantial ground for difference of opinion about her findings and did not agree that an appeal would materially advance the case towards conclusion. She also said a decision did not conflict with the 30, the July 31 ruling by the judge Radcliffe in Manhattan, who said the SEC had a plausible claim on Terraform Labs. And therefore the judge said, look, you cannot appeal this, which means that for now, and until they can appeal, we have a ruling in our favor that all these tokens actually aren't securities, which is amazing. When can they appeal? Well, first of all, we've got to finish this trial, which I think now will go on for a long time. Then there's an appeal. Then you've got to set appeal dates and you've got to go to court. I reckon we're three to five years away from this judgment actually being appealed, which means that for the next three to five years, it's business as usual for us. And we, I'm not gonna say we don't have anything to worry about because that's not true because we always have something to worry about.
Real Estate Coaching Radio
A highlight from URGENT! How To Get Your Real Estate Listings SOLD NOW! (Part 2)
"Welcome to Real Estate Coaching Radio, starring award -winning real estate coaches and number one international bestselling authors, Tim and Julie Harris. This is the number one daily radio show for realtors looking for a no BS, authentic, real time coaching experience. What's really working in today's market, how to generate more leads, make more money and have more time for what you love in your life. And now your hosts, Tim and Julie Harris. Welcome back. Today is day two, how to get your real estate listing sold. So Julie, without any further delay. Yes, that's right. So this is the continuation. We did points one through five. We're starting on six today, about 11 unexpected ways in addition to a price reduction or instead of in some cases to get those listings to move. And remember this is point number six. So if you've not heard the first few points, make sure you go back and listen to those points because they're really critical that you are tuning your mind to the fact that there are a lot of ways to get properties correctly positioned on the market so they meet the buyer's expectation, i .e. priced correctly. And also if you happen to have a listing that is out of alignment with the market's expectation, how you can make it more competitive in addition to or maybe instead of, thank you, a price reduction. So make sure you read our notes. All of our notes from today's podcast, all of our notes from every podcast are down below in the show description. If you're on YouTube, it's very easy. Just click Show More or on iTunes, Stitcher, Spotify, all the billions of different places you guys listen to us. Scroll down, read the notes. They're all there. We obviously include about 1 ,000 % more in addition to the notes. When you were listening, you were noticing that Julie and I, because in the comments I'm reading what you guys are saying, we often do talk about things that are I think more drilled down than what our notes are. But the notes are there for you to use to remind you to essentially what to say, how to say it when you're speaking with your sellers or buyers or whatever's relevant. But also there's a link for you to join Premier Coaching. Thousands of you have joined Premier Coaching in the last year. From what we understand, it is the nation's number one coaching program. Why are so many agents joining Premier Coaching program? Well, a whole bunch of reasons, but the best reason is because it's a coaching program designed for this new market, for the agents that are willing to do what they don't want to do and they don't want to do it at the highest level. As a result of that mindset, on the other side of that mindset, when you have the skill set necessary, you're going to experience success at levels that you can only dream of because how do I know that's true? Because we have, guess what, thousands of coaching clients that are telling us that. So the link to join Premier Coaching is below. So scroll down and click the link or just go to premiercoaching .com. Take 17 seconds to join. Yes, we've timed it. If you type faster than me, you could probably do it in 10 seconds, but the link to join is right there and you have immediate access to the entire first level of Premier Coaching. All right, so again, this is part two, starting on point number six, 11 unexpected ways to get your listings to sell faster. Now, any of these ways can happen upfront as soon as you take the listing. They can also be added to the comments after you've had the listing for a while, as some of you are sitting on listings you're surprised that haven't sold yet. And we can also do more than one of these points at the same time on those listings. So you have some flexibility on this. All right, so other ways to add some perks and get these listings to go faster. Point number six, add a $1 ,000 commission bonus to a buyer's agent if it's pending by a certain date. Now, if it is more expensive, you could add a $5 ,000 bonus. You can add a $10 ,000 bonus if it's over a million dollars. If it's over $5 million, adjust accordingly, but add a commission bonus to the buyer's agent if it's pending by a certain date. The builders are doing this. You better do it as well, especially if you have a lot of builder competition. I know, I saw, I think it's from Lenar, it might've been KB homes in San Antonio. There are some agent bonuses as high as a 6 % to the buyer side. That's amazing. And it's not just on one house either. There's like lists and lists of this stuff. Do you remember, Julie, back in 2007, 2008, we had coaching clients who their sellers had like, I remember one in particular is a Lamborghini. It was like a year old Lamborghini and it was during a hard time for the seller and the car had depreciated. The house was, they still had equity, but they wanted to sell the house before the house was worth less than they owed on it. This was a totally different market, not work that we're experiencing now. So they actually included the Lamborghini in the sale of the property and the buyer's agent that ended up buying it, ended up representing the buyer to purchase it, took the Lamborghini in lieu of their commission because the buyer didn't give a rat's, you know, what about a car? I know. Well, I mean way to be creative, right? Right. I recently saw back and forth on one of the Facebook agent pages where an agent was talking about how their broker had invested in some kind of thing where it was like a vacation voucher that they could use on any listing. And you know, I was, what was crazy was the, the other agents on this social media thing like piled on, well, if you have to do that, you must have overpriced it and that seller must be crazy. And what is this, a timeshare? And it was like insane back and forth. And go you, whoever posted that, who said, no, actually we feel it's a smart thing to do to put on all of our listings, to have a little extra something to make sure that we're shown first. I mean, that was a very professional response. There were two vacation vouchers. One was for the buyer's agent. One was for the buyer and they didn't have to use it, but it was like X percent off of their travel. I thought it was pretty crafty. Okay. So along those lines, hopefully we're motivating you guys for what we're motivating you towards is wanting to sell more expensive listings because the tchotchkes obviously are better. Well, they get better. If our first two stories didn't do it, this one might. So Ben Salem, I know you're going to mention this. Yeah. Well, cause he sells a lot of beautiful luxury real estate and he works with a lot of, you know, high end, not in Los Angeles, exactly, uh, buyers and the bird streets and the rest of it. And he's not very, I, Ben's one of my favorite coaching clients of all time cause he's not high profile and yet he sells a lot of expensive homes and he doesn't, you know, he's not, he's not peacocking around about his success. He just gets the job done. That's right. So, uh, one of the things he did on a particular really weird house that was owned by a, I won't mention who is, it was a celebrity, uh, well fallen celebrity, I should say a fallen star. In any event. So this property in particular was very difficult to sell, had a lot of condition issues, um, the whole thing. And so what Ben did is he put an incentive on it that he would pay for the buyer's agent. It was all disclosed. Everyone knew about it. Nothing under the table, nothing like that to take a private jet and fly to Las Vegas stay at the wind and he was going to pay like the whole thing. It was just some ridiculous, some sporting thing or something. I don't remember. You know, I think it was not related to some event. It was something. Yeah, something like that. Anyway, that's what he ended up doing and he took a bunch of pictures and it became a big, you know, hoopty do for the buyer's agent. And it was something that got Ben's name on the radar for other listings that may have been a little cantankerous to sell and he got more listings from it. Point being, if you're in a marketplace where something isn't selling, the answer isn't always lower the price or if it is, it's lower the price and do some things that are more creative to hype up the listing, especially true in upper end listings where the house needs a lot of repairs, updates, that type of thing. Yeah, that's right. One of the problems with big luxury homes is there's more to do when it gets outdated and it's more expensive. You know, I can just see, I can just, I feel in the collective unconscious of all of the, you know, worn out buyer's agents from the previous market. They're like right up, you know, about time we get a few perks out of this, right? We feel you guys, we understand. So we were talking about doing a commission bonus. Always do a new seller's net sheet when you're adding any of these sellers concessions to the transaction. Make sure the seller knows how their bottom line will be impacted. Many of these concessions will actually cost less than a price reduction would have or make the price reduction smaller when combined with the concession. But make sure you're translating it into actual dollars so your seller's not surprised. And you know, again, advanced coaching here, but sometimes you can get your title escrow company to actually make those for you. So they're actually seeing all the expenses. I'm not saying your net sheets aren't accurate, but it's a little bit more authoritative in some sellers eyes when it's coming from the title escrow attorney type thing. So another thing you can do to give yourself a more professional veneer in the marketplace where it's the agent has the skill set that's going to get the listing. So don't avoid doing a seller's net sheet just because you don't know how to do it. Get some help. And there are some MLS is that allow you to plug in those numbers and they know how to figure your taxes and all that. But I agree with you. The title or the closing attorney can certainly do that for you. And it's not weird to ask them to do that. That's normal. Okay. Number seven, seller does not require inspections waived. Again, a new concept that replaces the old markets as is requirements. We talked about that a lot yesterday, so make sure you go back and listen to that, especially at how we tied it in at the end of yesterday's podcast to buying a home warranty at the time you take the listing and including seller's coverage and then having the house pre -inspected and having the repairs on the property done. So that when the buyer walks in, they're seeing that the property was pre -inspected, the repairs are done and the house comes with a home warranty. We are trying to position you so that you can compete against not just other resales, but also new construction. Very well put. Point number eight, have your favorite lender create a rate sheet to give away at showings and open houses. The rate sheet should show three different ways of purchasing the home. You can also attach that to your home brochure in your home brochure box. You could do a 30 year fixed, a 321 buy down, a 723 adjustable or a 525 adjustable. All of these can get a lower interest rate and lower payment. My favorite one is to just buy down points like the builders do and to lock in a lower rate for a 30 year fixed. But there are other creative ways to combat higher interest rates. We didn't say this yesterday, we should say it today. When you're doing things like what we suggested yesterday and today and you're being more creative and the seller is contributing money to buy the points down, in the description you can say at list price seller agrees to buy the points down, making the interest rate in a 30 year fixed rate mortgage, this payment range and that type of thing. So at list price, you can buy a little bit of insurance for the seller so that if the buyer comes in low and the seller is even inclined to accept it, that they're not also then going to have to concede to all those other concessions that they used as incentives to get the offer in the first place. Great point because you don't want to sign the seller up to both have to take something lower and to contribute 10 ,000 in closing costs or what have you. But don't be surprised when you do have, especially in a market where listings are harder to sell, where the buyer's agents do come in and they do ask for a lot of different things, you're just going to have to work through it. And again, we teach you how to do that in Premier Coaching, except the old days of throwing a dart against the board to price it and then waiting for the offers to come in over list price or long over. You have to have the skill set now, not just to list properties correctly and get them sold, but also how to counsel your buyers to get the properties. This is a new market. This is a skills -based market. Those of you are willing to learn the skills and do what you don't want to do and you don't want to do at the highest level, you're going to have an unprecedented, massive, unbelievably exciting real estate future. Yes, you brought up a little minor but important point because we're working through the transition of a super hot seller's market on every single listing that hits the market, no matter where you live, to a more adjusted, more reasonable, more normalized market. Now, we've been talking about how to buy down interest rates and do some more creative financing, which freaks some of you guys out. It makes you think, oh, I heard about that during the housing crash and adjustable rates are evil and we can't do that. I've seen some of this manifest in things like a seller will have an offer brought to them by their listing agent where the buyer is asking for closing costs. And the seller and the listing agent, their reaction is, well, if they need closing costs, they must not be a very strong buyer. That's a weak, truthfully, that's a weak agent. But you understand where they're coming from. Totally, completely. You understand why that's happening. But that's a weak agent who did not properly position the seller when they put the house for sale. This goes back to skills, guys. Now, I even have an instance of that, Federico in L .A. had a builder react like that when somebody asked for closing costs, even though they came in at list price doing what the builder asked because they asked for some closing costs. Builder was like, well, they, you know, why would I take that? They must not be very strong of a buyer. Just because somebody asks to get help getting a better interest rate does not mean they are a weak borrower. It means they're actually pretty smart about what they're doing. So you'll have a choice, Mr. Seller. You either lower the price by $30 ,000 or we actually give concessions to the buyer so that they can buy the interest rate down or cover the buyer's closing costs. Because the buyer is using all of their money, they need all their cash basically as their down payment to qualify for the mortgage. Now interest rates went up, they're going to need concessions to basically buy the rate down so they can afford the payment, qualify for it. Or Mr. Seller, you can just lower the price by 30 grand and we can hope and pray that we get another offer six months from now. It's up to you. Right. And in fact, if the seller were to counter it, you know, up for 10 grand and I'm going to pay 10 grand in closing costs, their net, you guys get focused on the wrong thing sometimes. Do the net sheet. The net to the seller is list price minus coming down 10 grand minus 10 grand to closing costs. Isn't that the same as taking a price of 20 grand less? It is. But that's, by the way, one of the techniques we show you when you have someone that's trying to fight with you over your commission is you don't get them to focus on the commission. You get them to focus on what their net is and in a marketplace where what almost all the houses, well, most, most, all real estate in the United States, according to Julie's statistics two days ago on podcast has increased by at least 45, 49 % since 2019, 49 % okay. So here's the thing. If they have to come down 2%, they're probably going to be okay. And if you're having them battle you over price or I'm not paying the $360 for a home warranty, you need to move their eyes to the bottom of the net sheet and circle with a red pen, their net, and then you need to get, have them understand that they've won the real estate lottery. Congratulations. Exactly. Okay. Number nine, find out if your seller has an assumeable mortgage. What's the rate and what are the requirements? Advertise this in your MLS description as well as in your home brochures. all Just note FHA, VA, and USDA mortgages are assumeable and some other loans are as well. All you have to do to find out is call whoever's servicing the mortgage. There are ways to look it up online as well, especially if it's FHA and VA, you can go to hud .gov and look it up by loan number. My beautiful wife, what are you, what assumption are you making? That they even know what an assumeable mortgage is. Correct. You're assuming, you're assuming they knew what an assumeable was. You were making an assumption. Well, I'll explain it quickly. So basically, someone's taken out one of these FHA, VA, USDA mortgages and let's say they have a fixed interest rate of say 3%. And let's say the property is worth, they paid $400 for it and now it's worth $500. If the buyer comes up with $100 ,000 or whatever the spread is between the market value and what they own the loan and they qualify with release, in other words, the FHA, VA, USDA has to, the person has to have decent credit and obviously... They have to be able to qualify for the mortgage. They can assume, they can actually assume the mortgage of that seller. So they themselves can have that ridiculously low 30 -year fixed rate mortgage. Now I'll even make it more interesting for you. Let's say your buyer only has $50 ,000 down, the house is worth $500, the USDA mortgage is only $400, the interest rate is 3%, the payment's obviously a heck of a lot less than it would be if they went out into the marketplace now and got a loan. But the buyer only has $50 ,000, but other than that, they qualify. You can get the seller to give them a second mortgage for the $50 ,000. And I don't want to get into the weeds on that, but this is something we talked about in Premier Coaching and we talked about in previous podcasts, but you can make deals happen where other people don't even see opportunity. That's called skill. Yeah, and that's even better than doing a rate buy down or an adjustable. I mean, potentially it's pretty killer. Just to overview, if you want to, you know, hopefully some of you are having some sparks fly in your minds, what would happen is the seller would give the buyer a second mortgage, I'll stick with $50 ,000, that is an actual lien against the property. So that means every month the buyer is going to be making the payment, now the owner of the new house is going to be making a payment on the first mortgage and on the second mortgage. You can do, and you will use an attorney to do this obviously, but then what will happen is the second mortgage, let's say the first mortgage is 30 -year fixed, the second mortgage might have a three -year arm. In other words, they're going to make the payment on that $50 ,000 for three years and then they have to pay the seller back the $50 ,000 or refinance it or there could even be a covenant in there, a carve out where if the seller agrees, you know, they can continue the mortgage, right? It's not just a balloon payment. It could be essentially... You can write it however you want. Exactly. You can write it however you want and if the interest rate makes sense and the payment's been made on time, I bet you that a seller is going to be more than happy to continue to have that $50 ,000 paid over terms because maybe the interest rate is great and they're making more money on it than they would investing in other places. You have just put a buyer in a house that they normally wouldn't have necessarily been able to buy because they didn't have the down payment and now you put them in a house or they can get the mortgage assumed. The reason that this is very powerful because a lot of the properties that are FHA, I'm not going to say VA, but FHA, well, I'll just lean into USDA. They're going to be more rural type properties and some of them are going to be working farms and small farms and things like that where you're going to have to be more creative to get the property sold. This is the type of information that gives you an unfair advantage and every marketplace makes you more confident, makes it so that when you wake up every morning, you're bouncing off the walls wanting to share with the world your real estate knowledge. I have seen some of these assumables already happening because smart agents have figured this out. I have a question for you. Maybe you don't know. I need to research this. Let's say that you have a seller that has an FHA assumable, but they've owned the house for like five years, which means they only owe 25 years. If I assume that, you pick up a 25, that's another advantage, right? I mean, that's huge. Yeah. You've just shaved off five years that you don't even have a 30 year. You've got a 25. They don't recast the mortgage, Julie. That's what I thought. That's what I thought. I just wanted to make sure I had it right. But the same goes true. Like when you and I started selling real estate, there was a whole bunch, well, they were hard to find, but they were just sweetheart deals. And there were assumables out there where people had paid off half the loan. It was a 30 year and it was 15 years left. You'd pay them their equity and you'd basically have a 15 year loan. I know. It's amazing. And I was just reading, I think on housing wire, that a surprisingly large amount of this recent, you know, when we had all these low interest rates for several years, a lot of those, and some of them will be assumable, because rates were so low, people got 15 year loans when they refi'd or when they purchased in the first place because the payment was, you know, normally you wouldn't do a 15 year because the payment is higher, but with rates the way they were, it made sense to do 15 year. How are you going to use this information? First of all, ask your seller what type of mortgage that they have. Don't assume, here, I'll give you, assume they have an FHA mortgage or a Fannie or Freddie until proven otherwise, or a VA or, you just assume that they have a mortgage where there's a carve out for it to be assumable. And if you're in a marketplace where things are hard to sell, you can find out if they do because I promise you again, your sellers won't know. Find out if it's assumable. And then if it is, you have the ultimate unfair advantage when getting that property sold. A hundred percent. Because again, back to our example from yesterday, if it's that listing, which is an assumable at some outrageously, now outrageously low interest rate, and you're advertising that in your agent comments and there's four other homes that meet the buyers criteria, who do you think is going to get shown first? I'm going to even take this to the next level. If you are smart, which all of you are, otherwise you would be listening to our podcast, you're going to think, well, how can I pick up rental property this way? Because a lot of these mortgages, FHA, VA, USDA, the mortgage criteria to qualify in the first place is a little lower. You can actually use what would have been your commission as a, towards your down payment. And you can assume these low rate mortgages and you can actually start walking into rental properties. There you are. See? All right. So point number 10, use 1 -800 -HOME -HOTLINE on your for sale signs to generate leads and possibly sell your listing yourself. One of the best solutions to a listing sitting on the market too long is to sell it yourself. 1 -800 -HOME -HOTLINE .com. So also refer to past podcasts about that system. We're not going to dive too deep into that today, but capture unlisted phone numbers, answer zero transfer calls, or immediately call the prospect back. Secret, many of your initial calls will actually be from neighbors of your listing. Those are also listing leads guys. And that website, by the way, and the product is getting totally revamped. So anyway, go to 1 -800 -HOME -HOTLINE .com. Full disclosure, Julie and I own 50 % of that company. Yes. With a partner with one of our original listings, oddly enough. Actually, he was our first seller, wasn't he? Oh my gosh. We forget that sometimes. I know. Well, it's all related, right? Yep. Okay. Point number 11, use a home brochure box next to or attached to your for sale sign. There is an art to the home brochure. Of course, highlight all the attributes of your listing using 800 -HOME -HOTLINE and including your email address. But in addition to this, there's lots of different ways you can utilize the home brochure to make your phone ring. Now we have a podcast that we've done two or three times in the past called How to Hot Rod Your Real Estate Sign or Your Brochure Box. So there's all kinds of things that we did in a dedicated podcast on that. This is all about the fact that in many cases, you're going to have to sell your own listing because the buyers, agents, you know, a whole bunch of reasons. I'll give you guys a really good example. You'll remember this. It was our neighborhood in New Albany Country Club and there was a listing that was for sale when we moved there, expired, got listed with somebody else and expired again. I remember. And it was like caddy cornered to our backyard and they were moving back to Hungary. I think it was Hungary. Something like that. Yeah. And they're the nicest people ever. Super nice people. So we ended up listing the property and I was shocked the house hadn't sold. Me too. It's a good house. It was great. It was a typical expired where it basically gets a lot of activity when it's new. The local agents, you know, stopped showing it because there's other new listings, the whole thing, right? If you look at the curve on showing activity, it's really, you know, two weeks, three weeks and after that it starts to drop off pretty precipitously and after it's been for sale for 30 or 45 days in virtually all markets, the showing activity stops. Well that's what had happened to this property. But even worse, or I should say better for our advantage, even worse, the local agents were assuming that the house had some sort of problem, otherwise it would have sold. And how do I know that? I had, Julie and I had that listing. This listing I remember was five or 600 grand and this was back in. And so this house was, we had a for sale sign obviously and we had 800 home hotline. There was somebody parked in front of the listing.
The Aloönæ Show
Fresh update on "five year" discussed on The Aloönæ Show
"Well, I'm going to have to answer this in two ways. Personal and business, because I think as business owners, we're often put in a situation where we feel like these these certain resources for our business are things we can't afford. But we don't realize is that we can't afford not to have them. And so for my my first one for the business, it would definitely be my team. I could not have gotten to where I where I am today without them. And I resisted hiring a team for so long because I was just like, I don't want the headache. I don't want to manage people. I don't want to have to find people to hire. I don't want to negotiate on salaries. And now that I have them, I could not live without them. And I know when people see how much I spend every month on payroll, they go, oh, my God, I could never imagine spending that much money, especially as a as a smaller business. Like, you know, we're not we're not a huge business by any chance. But that's it's definitely a luxury I couldn't live without on the personal side. That's a harder question. I mean, I think the obvious question is like nowadays in the states, at least home prices are exorbitant, like most people can't afford homes in the states anymore. And I've been lucky enough to buy buy my house at a time where the real estate market was still pretty far down. Say that's that's the the luxury is knowing that I I have this. And in a couple of years, the house will be paid off and and I won't have that house payment anymore. I would say that's probably the luxury I couldn't live without. All right, then. Very good. What is something popular now, but in five years, Evan will look back on it and be embarrassed. They like that pickleball pickleball is the goofiest sport I've ever seen in my life. People keep trying to make it happen. It's like that Mean Girls quote. Stop trying to make pickleball happen. It's not going to happen. It's just it's it's a meme sport if I've ever seen one. And like the proof in the pudding is how few people of my age care at all about it. Like we're at the age now where, you know, we're in our 30s getting into 40s. The joints aren't working quite as well as they did in our 20s or teens. And the reality is, is that we should be picking it up. But the only people I see picking up pickleball are people you'd never want to spend a weekend with anyway. Wow, that's just sad. Yeah, I'm not a not a big fan of I just it's have you ever watched it? It's just a very goofy looking sport. It's just it seems it seems like, you know, just one of those things that like I go back to like my high school yearbook and in the back of the book, your book, they had like, you know, what was popular, you know, that year. And you look at some of the stuff and it's like that was like that's so weird. It's like a comedy act. Yeah, it really is. It's just like but yeah, I don't think pickleball has legs. I just I think at the end of the day, people who are into pickleball will go back, you know, they're just going to chase whatever the next trend is. And the boom the boomers who are the big pickleball players, eventually, you know, they're not going to be around anymore to keep it up. So I just don't see pickleball being a thing for very much longer. Yeah, I think it's I think it comes to a time when things just needs to put to rest and it's like she will live on. And that is it. Yeah, I mean, you know, we'll see. We'll see. Maybe in five years, you'll you'll talk to me again and I'll be like, boy, I was wrong or I just got tickets to the World Series of Pickleball, but I just don't I don't really anticipate having that conversation.
The Hair Radio Show with Kerry Hines
Dr. Ghandnoosh Is Doing Amazing Work With 'The Sentencing Project'
"Is my true honor to bring back to the show for the very first time this year in four a while Dr. Ganoush nascal ganoush. Welcome back Thank you so much carrie. It's so great to be back with you Yes, absolutely. Now I have to I've got to first uh, go back to like the last time you were here. I mean, it's been years. Dr. Ganoush. Um, but I've got to tell everybody, uh, we love having you here. There's so much that's going on and when you uh in the times that you've been on the show you've helped to plant a seed and just Kind of help the usher in community uh, you know staying on top of what's happening in our community your Your organization I should say is what has helped to uh to foster that so I just wanted to say thank you To all of the work you and your colleagues are doing at the sentencing project Really appreciate that and I really appreciate your bringing our work onto your program and helping to increase public education about these issues Absolutely, and that's kind of where I want to jump on in uh education on some of these issues and particularly first Let's just start at the beginning for folks who may not recall There may be a few of them out there not many. I'm sure we have a lot of fans of the hair radio morning show But can you just remind everybody what exactly is the sentencing project? Let's start there Sure, we're a research and advocacy organization based in washington dc and we focus on the criminal legal system um, our goal is to create a system that is more fair and effective and that means Reducing racial disparities in terms of who's impacted by incarceration and community supervision addressing gender inequality and making sure that We resort and for as limited amount of time as is necessary And so we're trying to scale back the number of people that are incarcerated and tackle racial disparities Those are our big goals and we we produce our own reports. We help to Get people acquainted with academic research that's being done and research that's being produced by the government And we also do a lot of advocacy work partnering with advocacy organizations at the state and local level as well as at the federal level To try to translate the research that we're familiar with and producing into reform Now, dr Ganoush, this seems to me in I mean, uh in recent times, especially since we last talked on air And uh, it's just you know, I have to first get your opinion about things Uh when you you see a lot of the dynamics that are going on politically and otherwise I mean it looked like we were kind of heading this direction when you were on the show say five years ago but uh Is any of it a surprise to you and then we're going to jump on in to this report But is any of this where we've landed a surprise to dr. Ganoush? Well Since i've spoken with you last we've been going through this pandemic and and I must say my expectation going into the pandemic was that There would be a much more willingness on the part of policymakers To finally put into practice what we know and especially given the fact that so many people are exposed to coronavirus behind bars And are an especially vulnerable population often in rural areas So, you know during this time We've seen a reduction in the number of people in jails and prisons across the country a bigger reduction than we've seen in other years in particular because states and And localities have been reluctant to send people behind bars But what surprised me during this most recent period has been that that reduction hasn't been even more you know, but you know that there hasn't been an even more significant realization that So many of these people that we have incarcerated and in particular People that are serving very long sentences and that are older that are especially at medical risk if they contract covid That have served substantial amount of time and are unlikely to be a public safety risk now because they're middle -aged or elderly I'm surprised and disappointed that more of those people didn't get released during the pandemic But I want to make sure that your your listeners know that right now in some ways, you know We we're seeing a continuation of the progress that has happened in terms of criminal justice reform things are not at their worst right now compared to When the prison population in the united states reached its peak level in 2009 so things are starting to climb down in terms of numbers and the overall impact of the criminal justice system But that pace of progress has been much slower than we'd like to
WTOP 24 Hour News
Fresh update on "five year" discussed on WTOP 24 Hour News
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AI Today Podcast: Artificial Intelligence Insights, Experts, and Opinion
A highlight from AI Today Podcast: Trustworthy AI Series: Governed AI
"The AI Today podcast, produced by Cognolytica, cuts through the hype and noise to identify what is really happening now in the world of artificial intelligence. Learn about emerging AI trends, technologies, and use cases from Cognolytica analysts and launches out today. But as we are focusing and recording on the topics of trustworthy AI, we're in the Trustworthy AI series here. We're going to focus on one of the layers of trustworthy AI, and that's governed AI. Now for those of you who are new to the AI Today podcast, this is now our seventh season, which is crazy that we've been doing AI Today so long, since 2017, almost 400 episodes now. And the whole idea with the AI Today podcast is to truly focus on what's happening with AI Today. Now, to do that, we've been on all these different series. We've been interviewing some great thought leaders and people who are putting AI into practice, really a lot of project managers and folks who are actually trying to implement a lot of the ideas of AI. And some of them are certified in the CPMAI, that's the Cognitive Project Management for AI methodology, which is becoming a very well established methodology and accepted methodology for running AI projects with a high degree of success. So I encourage you to check out what we are doing there. We are also been doing our glossary series now for quite some time, exploring a lot of the topics around AI, the concepts, the words, the terms, which can be very confusing. Then we're reaching near the end of that series. It's been going on for quite some time, but you can go back to the very beginning and listen to the whole thing. It's almost like a little education in and of itself as we go through each topic. We've also been doing, as mentioned, our trustworthy AI series, where we focus on all the various different levels and layers and components of what's needed to make AI systems trustworthy. And we're going to be digging into that on today's episode as well. And we have a new generative AI series because generative AI is all over the place. People are realizing the power of having AI systems generate text and image and all sorts of additional stuff. I guess people realized stuff that we've been talking about for years, but the power of that generation. And so we're going and getting into not just what it is, of course, there's a million podcasts on that. But how do you actually make generative AI work for you? How do you avoid some of the problems? How do you use it to expedite, simplify things? How do you work out some of the nuances and get maybe become a little more of a power user? If you are not subscribed, I encourage you to subscribe to our podcast so you can listen to us on all of those series. Now, on today's podcast, we're going to be focusing on trustworthy AI, in particular, the governed AI layer, where we're going to look at what sort of policies, procedures, things should we put into place to give us control over our AI systems and also control over the way we build and use and manage and iterate those AI systems and the data that comes up. There's a lot of aspects of trustworthy AI that fall into the pile of governance around accountability, consent, disclosure, all sorts of these aspects. So what you can listen to here is an excerpt from some of our CPMI Plus E, that's the ethical add on, the ethical enhancement to the CPMI certification. Also something that we delivered during our trustworthy AI workshops. These are workshops where we actually help organizations put together an implementable trustworthy framework to help them manage and run their own processes. Every organization is different. Everybody has different sensitivities to the various different layers of trustworthy AI. So having some sort of guidebook, some checklist, some actual steps and processes and procedures that you can take and put into place to handle all these different aspects of trustworthy AI is something we do in our workshop. But to give you all our podcast listeners, you guys have been so faithful to us, listening to us for so many years. We want to provide you some of the details in this podcast on the governance layer to understand a little bit more about what's involved in governing our AI systems to make them more trustworthy. So this next level that we want to talk about is governed AI, because again, all of these are important to address and cover different things. We always want to be asking the question, you know, why are we doing this and what's important in this level? And so really, what is governance? Well, it's the system by which an organization is controlled and operates and the mechanisms by which it and its people are held to account. So when we think about governance, especially as it's applied to AI, this is going to be things around controls, processes, organizational structure that provide oversight, control and visibility into different aspects of the AI system design, development, management and usage. So specifically applied to this ethical and responsible, trustworthy AI, we want to think about all those different controls, processes and organizational structures to ensure ethical, responsible and transparent AI. How are we going to govern this, right? Because what can we put in place to ensure that our systems will continue to operate within the bounds of ethical and responsible AI practices and operations? Yeah, so as we talk about those expectations as well for AI systems, what we expect, we can again look at these common elements, his main elements, one, which is system auditability. How can our systems provide ways to audit the various AI systems and gain some operation control and visibility over the operation and control of the system and contestability? Will we give people the right to say, I don't like what this system did? Can I have the ability? This is beyond just disclosure and consent. If I do consent and I am aware of the system, but I don't like what happened, do I have any way of dealing with that outcome or appeal the AI decision? Do we have an AI system where we're constantly managing our risk and mitigating that risk, especially security issues and safety issues? Do I have the processes and controls in place to do that system monitoring quality? Can I make sure that I'm constantly being aware of how my AI systems are operating so that I can gain visibility into if they're performing at the level of expected value? Maybe they're being abused or misused. If I don't know it, I can't do anything about it. So here we're going to put something into place in our AI governance to actually gain those controls and visibility and to see if it's operating within the acceptable performance and usage and other parameters. And then we also have this idea of knowledge. Knowledge is power and power is trust because if people get education, if they know what the AI systems are for, how they work, their limitations, they may not be so scared of the AGI, they may not be so scared of their job being replaced. They also may know how to use those AI systems properly and not abuse them and not fall into common traps, especially generative AI doing bad things with it. Well, if they didn't do like, well, I didn't know, like, well, maybe a solution is maybe you should know. We tell people that honestly, one of our most successful things we do at Cognolynica is our CPMAI training. That's our training and certification for how to run and manage AI and machine learning projects. We've been doing this now for over five years, going into our sixth year of doing this, and the thing that we learned is that it's not about developers, it's not about data scientists. As a matter of fact, the vast majority of people who are trained and certified are the people who manage and run projects or are operationally involved because they're the ones who have the control and they're the ones who can make the decisions. They could tell the data scientists to do that or not do that, which is interesting because the data scientists, even if they know it, they can't make those decisions on their own. So it turns out that CPMAI is incredibly powerful, and if you're listening to this, you haven't been CPMAI certified and you're involved in an AI project and you don't have some other certification or some other method for doing AI project management, you should. It's only, it's not a lot of money and it's a guaranteed certification that's honored and respected by a lot of people, so you should do that. And that's why training is such a core part of trustworthy AI. It's very hard to make AI systems trustworthy if you don't know what you're doing. I just want to point that out there. And second, and finally, as part of AI governance, we have to deal with third party regulation and possibly certification of our systems and how do we make sure to do that and keep our AI systems well -regulated, well -governed so that they're not doing wrong things? So we'll dig into some of these topics in greater detail.
The Hair Radio Show with Kerry Hines
Fresh update on "five year" discussed on The Hair Radio Show with Kerry Hines
"Well on that note. I just wanted to remind everybody the report again is called titled parents in prison And again, our guest today, Dr. Nasko Ganoush from the sentencingproject.org And you can read the entire report there I'm sure you'll feel pretty much like us so definitely check it out there and also We'll we'll have a version of this on our website for hair radio.com members again. Dr. Ganoush Let's not do five years. We want you back again soon. Please come back and join us you help to keep us on track In this community the hair radio So It's not Difficult May never Feel I know Me Is Me I wanna die like a morning Like a single morning light I think I know you more than you know yourself I love you I love you Love you Love you Love you I love you I wanna die like a morning light I think I know you more than you know yourself I love you I love you I wanna die like a morning light I think I know you more than you know yourself I love you I wanna die like a morning light Like a beautiful little light Like a beautiful light Like I feel the sun in the morning, like I feel the moon at night I know you, I feel you, yeah I know you, I love you, I love you I know you, I love you, I love you I know you, I love you, I love you Get organized by prioritizing your week's workload Hi everybody, this is Queen Treat and I'm starting out the hair radio show with Terry Crystalgum, fond of his way hair and body and I love the hair radio show Hello everybody, I'm Valerie from validate your beauty I am giving a shout out to the hair radio morning show, Terry Hines It's time to rise and shine with the hair radio morning show with Terry Hines Alright, we're back live, it is Wednesday morning, it's October 4th, 2023 That was a break and a half Michael Hopkins, all the way from beautiful Spassaling, Virginia Great to have you with us, it's about 8.14 New York time Oh yeah, good morning 7.14 for Central Time Zone folks, good to be with you sir Yeah, that was a long break Oh yes it was Terry Hines, yes it was We normally, yeah you're usually on with us so that's, today we did things a little differently But I think we're going back to our normal routine I like you on 7.30 coming in strong and so that's where we'll be headed back to on tomorrow's broadcast But it was still a very interesting talk, it really was Oh yes, yes it was Yeah, Dr.
Mike Gallagher Podcast
A highlight from The Mike and Mark Davis Daily Chat - 10/03/23
"Not just any Fleetwood Mac record, little secondhand news, first track when you put the needle down, when that little Rumors album was released, you heard this, you heard the great Lindsey Buckingham, who is 74 today. Mike, you've caught, you've caught the Mac a few times, have you not? Oh, sure, sure. Love Fleetwood Mac. What a sad, what a sad story because he's so, he's a genius. He's a total genius. And they fired him like four or five years ago. The chemistry was just terrible. He does solo tours now and does some, some Fleetwood Mac stuff, but I just hope he's just not... These stories, these stories about these guys all breaking up and fights and all that. The Eagles, of course, had an epic, epic battle. You know, who they fired, they fired, I guess, the, I mean, they had a big, the two of them, the two founders, I guess, of the Eagles. They broke up and then they came back and, you know, it's like, hey, life is short, you know? That's it. You know what it makes you think about? It makes you think about Aerosmith. Same five guys, 50 years. There you go. You got to get Steven Tyler well again because he like blasted a vocal cord. But anyway, speaking of people who've been together for a long time, here's my buddy. How are you doing? Well, I'm good. I'm just trying to make sense out of the, the rage that the establishment Republicans and the Rhinos and the squishes are exhibiting towards Matt Gaetz. Now, I, I think there's a lot of merit towards the frustration over what Gaetz is trying to do in, in ousting Kevin McCarthy personally. I think Kevin McCarthy has done a great job. I think he's, he's fine. You know, it's a tough conference. It's a tough coalition. You got to hold it together. McCarthy did a great job in helping to identify strong candidates in California and New York, in New York. And without those victories, Marc, we don't have, we don't have a Republican majority in the House. Now, we have a slim majority in the House, slim, four, four people. That's it. All right. So I want to present, and I get it, you know, this is probably giving the Democrats a lifeline. It's ceasing our momentum. This is probably not the most productive thing to happen right now to try to have this crisis over the Speaker of the House. But what the establishment types are saying in their rage, and man, are they mad. I mean, Marc, they're not agitated. They're not, they're livid. I mean, I, I heard this morning, I, I never knew Switzerland could be so angry. Man, for Switzerland, Switzerland's got the knives out in the show before yours. Geneva is on fire. Oh, my gosh, Switzerland is burning. This is a reference, of course, to the always even -handed, neutral, and presidential matters, et cetera, our buddy Hugh Hewitt, who has decided to take a couple of sides, take one side on this. Not so neutral on this issue, is he? I mean, it's just like full -blown, Gates is a clown, he's a fraud, he's a traitor, he's a this, he's a that. I saw a tweet last night that got me thinking, and this is, I think, a reasonable thing to have as part of this conversation. Has Kevin McCarthy fulfilled the promises he made in order to get elected speaker in the first place, or hasn't he? It's a reasonable thing to talk about. It was, you know, Gates and Lauren Boebert and Eli Crane and all these real, you know, sharp -elbowed Republicans got concessions from McCarthy in his bid to become speaker. Remember, I'm old enough to remember that wasn't so easy. That was not long ago. Exactly. And it wasn't that long ago. It wasn't that easy, right? Well, he promised they would pass 12 appropriations bills for a budget, in other words, fiscal responsibility in the budget. He'd give members at least 72 hours to read legislation. Now those are not, that's not onerous and that isn't crazy. So those two promises, well, both of those promises were broken this past weekend. And Gates is saying, you broke your promises and we're going to hold you accountable. Now, does he have a plan? It doesn't really sound like it to me. I don't know who you replace him with. Thank you. And it does hurt the Republican momentum we have. There are over 200 Republicans who are solidly in McCarthy's corner. But Mark, we expect some accountability. We do expect disruption. We do expect people who are warriors and fighting for what we believe in. So it just seems to me that to turn on Matt Gaetz all of a sudden and, P .S., insult the millions and millions of Americans who are rooting for him isn't very productive. Are they rooting for, first of all, your sound, sound logic throughout. Are they rooting for him in this particular tactic or they admiring the lofty standard that he has? And it may not even be all that lofty is like, hey, you made us promises to become speaker. How about keeping those promises? There's an old adage that it's possible for multiple things to be true at the same time. Here are the two things that are true at the same time. Kevin McCarthy has been a very successful, very impactful speaker and deserves a lot of conservative praise for the things he has been able to do. There's thing number one thing. Number two is he might have fudged on some of these things, seems to have fudged on some of these procedural things, and I don't say that to be dismissive of them. Some of these things that he promised the Gang of 10 or whatever they were that were that were holding him up. So in what form is this the only accountability? Is this the only way to call him out? Because all I would ask, and I'll give this back to you in the following way, is if Gaetz tactics are so great and if they are to be admired, what is the end game? What is the plan? Trump's have disruptions a plan, and it's a wonderful plan. Various other people who are disruptors, there's a place they're trying to get you to. Here's what I want to do that is specific. Here's the goal I'm trying to get to. What exactly is the Matt Gaetz end game? I don't know, and I don't know that he knows. I'm not sure he does. I would suggest, I would respectfully submit that the way to deal with these differences is behind closed doors, not to burn it all down. I mean, again, make no mistake. I don't agree with the Gaetz tactic right now. I don't want anybody to be lost on that, but I also strongly disagree with disparaging the spirit with which he's doing it. And again, savage millions and millions of Americans in the process. So listen, I guess Cal's out of the barn. He's called for the vote. The vote's going to come today or tomorrow if they oust McCarthy, which is possible because Democrats are quite capable of adding to this misery right now. Right now, Gaetz needs some Democrats. And if he gets Democrats to support him because they like to sit back and see this kind of dumpster fire, well, McCarthy's out, Mark. Is there an irony there in that Matt Gaetz needs Democrat help to oust a speaker whose worst sin is doing something with Democrat help? Yes. That's a great irony with a capital I. Great way to put it. It really is. And I heard a congressman, you know, a RINO New York congressman on Hewitt this morning and they are again, they are on fire. As you said, Geneva is burning. But this guy pointed out, well, I don't think any of the Democrats are going to want to be associated with this guy, Matt Gaetz. Don't be so sure. Strange bedfellows sometimes. Well, AOC of all people said this week, hey, we're not going to it's not up to us to bail the Republicans out of the mess they're in. Believe me, they're enjoying this. I do agree that this benefits the Democrats. I'm sorry for that. And I hate it. But I also don't like seeing, you know, somebody called a nihilist. I mean, nihilist. You know, it's like and he's anti -American and he's got his daddy's boy and daddy was the Florida. I mean, they're just attacking him personally. I mean, it's it's kind of wild. To see it. There are bigger fish to fry. I want to share with you. You mentioned earlier I was listening to you talk about the plight of the big cities. Horrible story out of Philadelphia. There was a young journalist, an LGBT journalist who was very prolific on X and social media mocking conservatives for being concerned about crime in big cities like his city of Philadelphia. And this guy was even mocking the idea of having a gun to defend yourself in your home. He was mocking and taunting Republicans for criticizing cities like Philadelphia. He loves this Jim Kenney, this sanctuary city mayor. Markie was shot and killed in his home this week. He was murdered seven times, seven bullets put in his body. And of course, the ghouls on social media are dancing on his grave and they're mocking him. Can't do that. But but you must understand that this is life or death, that things are happening in these cities. And I hate it. I hate it for his for obvious for him and for his family, his loved ones. And again, a well -known journalist in Philly, apparently in the LGBT community. But the bottom line is a day before he was murdered, he was literally, you know, poo pooing the idea that we got a crime problem in Philly, mocking the people who are trying to draw attention to the issue to make it better. And it's funny. So did you hear the two things when I was talking about the conversion of Dallas mayor Eric Johnson? He said, listen, we need Republican mayors in our big cities, so I'm going to become one. We also need to elect more of them. And that seems like a ridiculous long shot. How do you get a Republican elected in most of America's big cities? And I don't know the answer to that except to try. A lot of people don't even want to try. We have given up. We have ceded the cities to Democrats. Is that helpful? 70, 80 percent of Americans live in these big cities. Is that helpful to just give up or should we try to it's a marathon, not a sprint. It's an uphill steep climb to try to get some sensible Republican mayors who can save our cities. You spend so much time in New York. I grew up in the suburbs of D .C. I'm in Dallas and Fort Worth all the time. You're in Tampa all the time. Big cities are beautiful. There's no more beautiful city in America than San Francisco. It breaks my heart what happens out there. Should we try to save American cities or say, screw them, get buried under your own bad policies? I'm inclined to say you own it. You live with it. You've got to you inherited this. There's a great column by Douglas Murray of the New York Post called The Fall of Lululemon. How stores have surrendered to looters. He tells the story of how Lululemon fires employees who try to stop shoplifters from walking out with the high end material and merchandise from Lululemon. And a lot of stores are doing this. They're firing any of the employees. They're saying, let them go. Let them walk out. And guess what? When you when that happens, when you encourage it. I mean, it's not a sane society anymore. I mean, call us old fashioned. Law and order is an important thing. It's one thing that people want to steal, but for businesses not to mind being stolen from. Well, but I'm intrigued by the employees thing. And for those that don't know, Lululemon is high end athletic wear, mostly for for women, but not exclusively. And so there's some some an arm load is some serious cash if you're going out the front door. Thousands and thousands of dollars. What do we expect? I mean, if I'm an employee, I'd love to say, well, I'm not going to let this happen, blah, blah, blah. But sometimes these people might be armed. I mean, what these what these stores need is armed guards to prevent this, not employees trying to try and try to go vigilante. Two female Lululemon employees in Atlanta confronted three masked men who pillaged the store. All they did was call the police. Right. I mean, one of the systematically said, you know, what do we want them to do? What do we want? They did call them. They were fired. They were fired for for for OK. Pardon me. Confused host for for calling the police or for not doing more for calling the police. No, they did too much by calling the police. One of the fired employee told the Atlanta Journal Constitution, we are not supposed to get in the way. You're supposed to clear the path for whatever they're going to do. And then it's over. You scan a QR code. We're not supposed to call the police. We're not supposed to talk about it. And Douglas Murray says Lululemon isn't the only company in America that has taken this completely lax approach to its own stock. Well, guess what? Lululemon's on the verge of bankruptcy. They're going out of business. And Douglas Murray writes, you know what? I'm sorry. Count me as one who's not real sympathetic. We're in post consequences America. And this is how Congressman Henry Cuellar gets carjacked. Or it's not the specific because of this, then that because crime is going to happen. But we're going to get more of it in cities where people know they'll get away with it and know that punishment does not await them. And there is a choice that Americans get to make. Republicans are law and order. The Democrats are certainly not, no matter how mad Switzerland gets. Look at that. Look at that call back. Happy Tuesday. And the Mike Gallagher Show lies ahead. Everyone knows that putting money aside and savings is really important. But then what? Should you keep your savings locked in a CD for a higher rate or keep them liquid in a money market? Can your checking account help you save, too? Or is it about creating the right combination? We believe real banking is a conversation. Let's talk about the savings options that are right for you. Learn more at SandySpringBank .com. Member FDIC.
The Tennis.com Podcast
A highlight from Frank Giampaolo On The Mental Side of Tennis, and Achieving Peak Performance
"Welcome to the official tennis .com podcast featuring professional coach and community leader Kamau Murray. Welcome to the tennis .com podcast. I am here with award -winning best -selling author, a coach, a counselor, you know, focused on tennis and the emotional, you know, part of tennis. And he wrote a book that, you know, sort of really important to me and I think really telling for young kids and, you know, a book that pros and pro coaches can also go back and reference in an attempt to help their player. And the title of the book is Emotional Aptitude in Sports with a subtitle of Stop Choking in Competition. And choking is such a loose word. And, you know, like we've seen players not finish. We've seen, you know, we categorize it as choke, but it could be panic, it could be whatever. But, you know, tell me about, this is Frank Gianpaolo, and tell me about the inspiration behind the book, where the stories and experiences come from. Yeah. Yeah. Thank you so much. And Kamau, it's good seeing you again. I'm happy to be here. Yeah, the book was written about five years ago, and the inspiration really comes from the idea that at a lot of these national tournaments that I'm coaching the kids, when they end up losing a match, they hardly ever talk about stroke mechanics. They don't say, look, if I would have had my follow through two inches higher, I would have won the match. They always talk about mental and emotional issues. Like you say, I couldn't close out a lead. I'm choking, I'm panicking, you know, things like I get so nervous and fearful. So performance anxieties really comes into play. And it's our job as coaches not just to teach, you know, the hardware, the strokes and athleticism, but also the software of the individual. So the mental and the emotional. So let me just categorize that just for a moment. So mental the to me, the mental is just my opinion, but it's more of the thinking side of the game. It's strategy and tactics and knowing your personal tennis identity, knowing your top patterns of play, how to expose what you're good at, how to expose, you know, if you love your forehands, you should be hitting mostly forehands and your job is to expose your strengths. So the mental side covers a lot of a lot of those topics, but also things like score management, as you know, momentum management or energy management, focus management. Man, that's that's a hard that's a hard thing to do to think about an average tennis match is like one hundred and thirty points. And we're we're asking these individual athletes, you got to stay focused on task for, you know, one hundred and thirty little mini wars. And man, it's tough to do. So the emotional side is a little bit different. That's more of a performance anxiety. So we have the mental side of strategy, tactics, performance anxieties is more of the emotional side and we get a lot of that with nervousness and fear. So, yeah, let's chat about that stuff. I like the topic. Now, let me ask you this, though, because as a coach, you know, we're on the court, we're giving lessons, we're giving groups, we're trying to get to hit as many balls as possible. Is the work around the emotional part for you mixed into the lesson? Like, are we going to spend 15 minutes sitting at the chair right with the parent listening, analyzing this? Or is this like, hey, we're going to get our eight to 10 hours on court. We're also going to spend an hour or two in the classroom or you laying on my couch. Like I'm a therapist. Tell me about how you integrate this work into it. And then we'll talk about some current events that kind of come to mind. Yeah, beautiful.
Crypto Altruism Podcast
A highlight from Episode 123 - Dream DAO - Empowering Gen-Z builders with Web3 to regenerate the planet
"Dreamdow comes from this place that the kids will lead. When she was training all these young people to change democracy and government, they realized that there was not many people investing in having 15 to 20 years old in the web3 space. When you're at that age and you're in this world, in between worlds where the internet that you're using and all the things that you're using, you had no contribution in creating it. And the generation before you did, to have an ability to co -create and develop the new version of that, that's one thing that is super exciting. Welcome to the Crypto Altruism podcast, the podcast dedicated to elevating the stories of those using web3 for good. I'm your host Drew Simon from CryptoAltruism .org. Now before we get started, a quick disclaimer. While we may discuss specific web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice and please make sure to do your own research on opportunities investment or any opportunity, including its legality. And now, let's get onto the show. Welcome and thanks so much for joining. Youth are the leaders of tomorrow. This is a saying you've probably heard many times and while it's true, I also believe that youth are the leaders of today. After all, we've seen so many movements of change led by young people, whether it's climate justice campaigns or the civil unrest in Iran following the death of Masa Amini. Youth are the leaders of today and it is important that they have a seat at the table and are given the opportunity to, well, lead, including in new and emerging spaces like web3. For today's episode, I'm excited to welcome Amanda Maritan and Sean Patel, co -stewards of Dreamdow, a movement that gives Gen Z the funding, mentorship, and training to contribute to web3 projects that regenerate people and our planet. We discussed their innovative program that has helped onboard pioneering Gen Z leaders to web3, why young people should get excited about blockchain, their incredible Skywalker Z NFT collection, how web3 technology can help regenerate the planet, and much more. So without further ado, please join me in welcoming Amanda and Sean to the Cryptoaltrism podcast. Amanda and Sean, thank you so much for being here. It's a pleasure to have you on the Cryptoaltrism podcast. Hi. Thank you for having us. Thanks. Excited to be here. Yeah, for sure. I'm excited to have both of you here and to learn about the great work that Dreamdow is doing. I've been following it for quite some time. I think it's such a great mission, so really excited to dive into that. Before we get there, I'd love to hear about both of your stories of how you got into the world of web3. It's always just so interesting to hear everyone's unique journeys to this new and innovative world. So maybe we can start with you, Amanda, and then I'd love to hear your story, Sean. What was your aha moment that got you excited about web3 and crypto originally? So I joined web3 through Dreamdow. It was co -founded by Civics Unplugged. So I was part of the Civics Unplugged fellowship. It's like a leadership democracy fellowship of three months. And then after that, I realized that they were launching Dreamdow, it would be used like this emerging technology and also like social impact and democracy. And it would be really nice to explore. So I applied and I got in and I didn't know much about web3 actually. I was never like this very tech person. I know like how to do things in your computer and all that, but I never actually tried to get more knowledge. And I was like, okay, maybe it can work, but maybe not. But they were actually very nice in giving us confidence to just join, even though you're not like very tech savvy. So I joined and I began, you know, contributing to the DAO, just helping actually build this learning journey that we were going to do. So all the offerings that we have for builders to learn about web3, we were actually building during the first season. So I was just actually getting engaged on that. And it was how I actually began, you know, working in web3, like as a part time thing. And I think my aha moment was when after all of the things that we did with Dreamdow, they decided to like reward all of the builders, like for the time that we spent building things in there and creating. And they also began organizing like these travels for conferences. And it was when I realized that it was actually about us Gen Z, like young people, they were actually going to support us. And when I joined Climate Collective through an internship that Dreamdow matched me, we were mapping all this like refined projects and there was like so many different ideas. And it was when I was, Oh my God, this is really exciting. You know, it's something that you definitely will change because not just because of the technology, but also because of the creativity and the innovation that is in the entire space. And yeah, it's been really excited about it since then. Yeah, totally. And I love that because too, you mentioned there around the, you don't have to be like a tech savvy person to be really, to succeed in this space, right? Cause I'm certainly not, my background is not in technology, but really in web3, you know, no matter what your background, if you're in business and artists, legal, you know, marketing, whatever it is, there's a place for you in web3, right? So yeah, that's amazing. And it's great to hear about the excellent experience you have with Dreamdow too, which I'm excited to dig into a bit later on. And so Sean, I'd love to hear your story now. Yeah, of course. So my journey started in 2018, about then, when I had started my first year in university, studying environmental economics. And I had started my first semester doing research for one of my professors and honestly, you know, going into academia and just being like really immersed in doing research, especially when it came to how to incentivize sustainable decision -making, you know, it was a big task and I seen how many hurdles my professor that I was researching under had to jump through just to like get a little bit ahead and get a little bit more funding for her research. And yeah, it just, it was really frustrating for me because her stress kind of overlaid on to me and everything kind of came full circle at that point where like something that I was really, really interested in and really thought I was in the right place, right, then kind of got dismantled because I was like, okay, a lot of politics involved, all these things. And then a lot of overall inefficiencies in terms of the actual application of that research, even if it's reputable. And so yeah, they say I look for ways in which to disrupt my professor's research, but also it was kind of just a random occurrence in that fact, right, where I had always known about Bitcoin because of a trend and it came to a point where really it was understanding that that was the space, not only Bitcoin, there's a lot that's happened in even like those past three years, whether it had been from 2015 Ethereum and understanding what has come next. And so it was a lot of trying to find ways, like new ways to disrupt basically incentivization research. And that was kind of the aspect that drew me in where at first, what my part of the project was, was how to track individuals' consumption and basically put nudges in their daily life or whatever it might be to get them to reduce their consumption. And a big part of it was just me trying to go through a supply chain and understand things and then seeing all the fragmentation and stuff, I'm like, oh, well, now I'm trying to solve a second or third order problem. And it's really taking away from the main research aspect that I was expecting to enjoy a lot. And yeah, and that was kind of what pulled me in was, I guess, not even the sustainability implications of using blockchain, but it was purely the fact that programming our values into financial services was a possibility. Because what I saw was my professor who was an academic and people I got interested and introduced to in the space of Web3 were practitioners. And I saw both very smart individuals, but very separated by a big gap. And it was just that kind of thing where I had to dive in like everyone kind of did and get pulled down so many different rabbit holes of just experimenting per se, because there is no like absolute kind of fully functioning use case in that sense. So a lot of exploration for a lot of years had not invested any money, very small amounts like pennies to dollars and just to be able to test and experiment with things. I think the coolest thing was at the time of studying economics, you had a place in those economic experiments, rather than doing it on real people and like a case study or something. And then nevertheless, overlaying the environmental aspect. So I think the idea of provenance and tracking things faster than our source and not having any of that right now, then the opportunity to have that in the future was like profound for me because I was like turning, becoming more vegetarian at that point and everything. I wanted to like know where my food was coming from and stuff. And I'm like, Oh, which way to solve this? Oh, you know, watching and ended up being this kind of just like deep rabbit hole. And then finding myself kind of in that Dow space, understanding that like this can be something that's developed only by a select few people because you started seeing that in the beginning. A lot of corporations kind of just coming out saying they have their own private blockchain and that's good enough. And I hate it always hearing that kind of good enough kind of saying. So yeah. And then I had the kind of opportunity by exploring the Dow ecosystem by finding my own Dow and it called EcoDow to then have the opportunity to just like be in New York and be in that area and randomly meeting Gary from Civics Unplugged, just like at a coworking session. And yeah, I mean, it was that kind of serendipitous thing where like, we all had made those same decisions and came to those same conclusions from our own personal experiences. Then we ended up finding ourselves in that same place. And it was ultimately like a trust, a meaningful sense of trust that like we didn't have to really build, it was already there. And DreamDow kind of showed me that value proposition from the inception. Even before DreamDow had launched, Amanda could say like at Civics Unplugged, there was this moment where that transition was happening for a lot of people and no one knew what to expect. I think that was the biggest thing where I was also like 20 years old. So I was between the cutoff maybe for being a builder or a mentor. And so it felt weird for me too, to be still in university and then like supposed to be a mentor. And I'm like, I need a mentor myself. You know, and yeah, it was a beautiful experience in that sense that like we didn't know exactly what we were getting into. There was a rough guidelines that Gary had designed in terms of like having DreamDow be his brainchild, but it wasn't only him. It was a lot of inputs from the builders that were Civics Unplugged members and also just people around him, his friend network, my friend network, and that was a beautiful thing. I think it was a beautiful arrangement of cross pollination between different orgs in and outside of Web3 that made DreamDow possible. And it ended up bringing a lot of unique people from different backgrounds together. And I just tell my friend today that like, even though maybe things have changed in the ecosystem of market and things, it's like one thing that has at least stayed true to the experiences and the meaningful relationships that have been fostered is still there with DreamDow in a lot of ways. And even just Amanda, knowing her for this long and the expectation that it would have been for something else, you know, it's the kind of thing that we didn't have any expectations. Right. And so then what kind of manifests it, whether DAOs didn't work out or they did work out, or they're still trying to get worked out, a lot of benefits came along the way, especially because it was all focused on funding public goods and DreamDow being the public good and that kind of influence from Gitcoin people and stuff. Like, it's really just been a great opportunity to get to this point in the space. At first, that was my main intention. And then I got lost down all the rabbit holes in the space. And then as coming to DreamDow and now to present, being re -centered and reinvigorating that original conviction, it's hard once you go through the ebbs and flows of different cycles of the market and stuff, you get tossed around. But it's nice to still be here and have that original conviction, let's say five years ago. So, yeah, it's been a fun time from that first aha moment of just like, how can I disrupt my professor's research? Yeah. Yeah. It's funny how that happens, right? You like first start by looking at one thing and then you kind of go down this rabbit hole and you see all these other kind of use cases and discoveries. So, yeah, I can totally resonate with that. And, you know, it sounds like DreamDow has played an important role in both of your Web3 journeys. So I was hoping now, like, I'd love if you could just give an introduction for listeners who aren't as familiar to the mission of DreamDow and Civics Unplugged. Yeah, of course. So DreamDow comes from this place that the kids will lead. So when she was training all these young people to like change, you know, democracy and government, they realized that there was not many people investing in having, you know, 15 to 20 years old in the Web3 space, right? Because usually you need to have some sort of experience and previous knowledge to join either as like working or as a builder in the whole space. And they thought that why we don't do this on boarding and then we train these people and give them like their first opportunities like mentorships and internships and all like help them to build this network. So that's what DreamDow has been doing since it was launched in November 2021. We are investing in the future of Web3 social impact ecosystem by training, funding and mentoring and giving opportunities for Gen Zs, specifically 15 to 20 years old. People are still in high school, beginning college or in gap years so they can discover this whole Web3 space and find ways to leverage, you know, use the technology to leverage the world. We really believe in the solarpunk movement. So how we can, what we can do right now to reach this point, you know, in the future. And we thought about bringing the people who will lead in the future because right now we have, you know, other generations building the Web3 space and innovating and doing all these things, but in the future we are going to lead and I hope I'll be leading as well. So, yeah. And then we just have this intergenerational learning community between like, you know, other generations who are the champions and also this Gen Z builders. So we just have all this knowledge exchange and it's a place not for builders to learn and champions to teach, but also, you know, vice versa. I think Sean always talk about this, about how you get in here expecting to like teach someone about it and then you also learn about it. And I think that's really interesting. So it's like this whole community of having people learning about how to use the Web3 and like the ReFi space so we can, you know, change and do things like that, improve our system and, you know, that makes the world a better place and more sustainable as well in that sense. I love that. I think that that's such an important mission. And, you know, like we said, too, that it gives people a chance to kind of figure out and, you know, experiment in Web3 and learn about the space in a very accessible way. Because I think that, you know, at that age, you know, 15 to 20, if you think about that, you have to make a lot of big life decisions. Right. You know, and often you're like in the moment, OK, what do you want to be? You're in a university, you're going to be a doctor, a lawyer, you know, an accountant or whatever it is. Right. And it's a big decision. And then, you know, having something like this that gives you a chance to kind of experiment in an area, learn about it, see if it's something that you want to like really dive into is really, really powerful. And so, you know, the focus is obviously on Gen Zers of DreamDot, which I think is great. I'm really inspired by just the work that, you know, so many young folks in Web3 are doing. So why should Gen Zers care about and get excited about Web3? I think like the one thing that Amanda was highlighting in the fact that there's this opportunity that's given, right, that is not really like an open opportunity. It's a lot of kind of experience has to come with just trying to like get some position of, you know, contributing on a structured basis in the space. We actually now have like this opportunity, right, to not only disrupt that way of like working, right, but disrupt just education in general, right? That like how you were saying, you know, a lot of decisions have to be made at those young ages. And is this type of thing where it shouldn't have to be so deterministic, and also just like discrete to what you have to do, per se, instead of like having a learning experience be something that's more perpetual, rather than something that, you know, you do till you're 18, or you do till you're 20, and you finish your university or whatever year, and then it's like, it's over. Right. And I think that's something that like Amanda has benefited from in the sense of like, okay, there's not even like more to learn about, but that like, the learnings don't stop, particularly. And then more so, it's even more relevant, because when it when you're at that age, and you're in this like, world in between worlds, where like, the internet that you're using, and all the things that you're using, like you had no, like, contribution in creating it, right, the generation before you did. And, you know, there's a lot of things that are being pushed on you, whether it's what you have to do in terms of choose a career, choose what you study. And then also, just all the things you use in your daily life, right, to have an ability to co -create and develop kind of the new version of that, whether it just be the internet, or how you learn, right, and how you educate yourself, like, that's one thing that is super exciting, because like, yeah, like teaching yourself has been always something that's been valuable. But now it's even more like, I guess, emphasize with there being like, this kind of open source space that is interfaced with like, a more friendly experience for kind of everyone, right, even though the space had been like, highly technical, that was like, somewhat maybe a barrier to people that were just getting started adopting it. There had been so many new avenues opened up, right, for someone to come in from like, any vertical, right? Like, we're just lucky, actually, in DreamDell that, you know, the vertical have been civic innovators and young social entrepreneurs, and they cared about it on like, a deeper level rather than just like, what they can kind of get out of it, right. And so that was like, something that is getting, I think, ever more so exciting, right? It's just being able to see how the kind of the impact not only happens from the value capturing that you see is there, but now like coming in and like, okay, how can we create more value? And that happens from an earlier age. You know, I think we all wish in some ways we got in earlier or whatever, but it's more of just, you know, age component, right. So I think I've seen all these builders, been able to gain more that expertise I could have ever in that short amount of time, especially at that time in my life, right. So it's just, yeah, the hope is, I think that the most important thing when it comes to that, right, just getting excited about all the hope that gives us for moving forward, right, especially in these, like, very, very uncertain times, when anything can happen. Yeah, totally. And I think, you know, some you said there, too, that, you know, really stood out to me is I think, you know, these Gen Zers, these 15 to 20 year olds have grown up with this technology that they had really no part in creating, right. And there might be some value misalignments, right, with this technology and them, you know, like, you know, you've seen what's happened with traditional web to social media, and the breakdowns of trust and, you know, lack of transparency, and, you know, those sorts of things, and then being able to have the opportunity to right the wrongs of, you know, the past internet and build a new, you know, more internet that more lines with their values, I think is really powerful. So I think that's a great point that you made there. And we'll be right back after this short message.
a16z
A highlight from When AI and Genomics Collide
"We built a language model for biology. The big problem in biology is that biology is hard. Biology is really hard. Biology is very hard. So why are you doing it? What is the big win? I mean, all of it is an AI -enabled architecture. Every part of our technology stack is intrinsically AI -enabled. Where do you think this confluence between AI and life sciences goes from here? There's so very few people who actually have the language of both disciplines and are able to bring them together. If you are a listener to this podcast, you're probably familiar with Moore's Law, where the number of transistors on an integrated circuit has doubled every two years. But what you might not know is the cost of sequencing the genome has fallen even faster. Since the Human Genome Project in 2003, the cost has fallen from about $1 billion to less than $1 ,000 today. And now, in 2023, these two trends meet, and one of the people at this fascinating intersection is Daphne Koller. Daphne, longtime professor in computer science at Stanford and co -founder of Coursera, has decided to step back into the arena with her company, In -Sitro, right at this intersection of computation and biology. In fact, the name is even a nod to this intersection, as a blend of in silico and in vitro. And in today's episode, you'll get to hear A16Z Bio and Health general partner Vijay Pandey speak with Daphne about the why now, but also how machine learning is fundamentally changing our ability to understand genetics. Without machine learning, without AI, the space would be so complex and so high dimensional that you couldn't even make sense of it, far less bridge between those two different worlds. So what can this unlock? We can now finally, for the first time, measure biology at scale. And this is like a truly engineered approach to discovery. Listen in to get a glimpse into what may be a new era of digital biology, and how this AI wave is really not just a moment of opportunity in bits, but also atoms. The next frontier of the impact that AI can have is when AI starts to touch the physical world. I think this convergence is a moment in time for us to make a really big difference using tools that exist today that did not exist even five years ago. This episode also continues our coverage of A16Z's exclusive AI Revolution event from just a few weeks ago, which housed some of the most influential builders across the ecosystem, including the founders of OpenAI, Anthropic, Character AI, Roblox, and more. So be sure to check out the full package, including all of the talks in full, at a16z .com slash AI Revolution. As a reminder, the content here is for informational purposes only, should not be taken as legal, business, tax, or investment advice, or be used to evaluate any investment or security, and is not directed at any investors or potential investors in any A16Z fund. Please note that A16Z and its affiliates may also maintain investments in the companies discussed in this podcast. For more details, including a link to our investments, please see a16z .com slash disclosures.
The MMQB NFL Podcast
A highlight from New England's Historic Loss & CJ Stroud Breaks Out
"Hello and welcome to the MMQB NFL podcast. I'm Conroe. That's my dog Ernie upstairs barking at the FedEx guy. Albert Breer's here and I'm going to start in New York because Albert I can't believe that we're still doing this Taylor Swift thing. And now the NFL is doing the Taylor Swift thing. Do you see that they are their subhead on their Twitter pages. The Chiefs are now 2 -0 as Swifties. I did not see that but I am more and more. It's fake. I think so too. I think on Friday like the radio show I did in Boston. They leave me at the like and these guys are really creative and they kind of like took me through their full like tinfoil hat like conspiracy theory. You know like you know what this actually really makes sense. Like because the NFL has forever chased the female demographic and they've struggled to get it. And they know that there's nothing more buzz worthy on that side of the aisle than Taylor Swift. And they were shameless enough to cut like I mean we've seen some of their shameless acts over the years to try and get the female audience. And this wouldn't even rank in like the top 10. You know what I mean like this would just be sort of par for the course that they would do something like this. So I really like I am officially on this Monday morning Connor especially after the 10 million shots that box last night. I'm all the way there. This is all fake. This is all like this is all contrived. This is it. Everyone wins situation. Taylor gets to promote her movie. What else is it? There's one other thing right is a new album coming out. I can't keep track of all of this. I have no idea. OK. So Taylor gets to promote that stuff with a different demographic. Right. Like football different demographics different than hers. The NFL gets to try to take a swing at the female audience. And then Travis Kelsey gets an enormous benefit from this. Travis Kelsey's following has exploded. Nine hundred thousand new followers. This is like an everyone wins situation. And it's all fake. A 14 point 14 whatever place jump in Jersey sales. Like we were taught in school to follow the money and it's right out in front of us. Like it's like you know we're not even it's not even like they're hiding it. And I think I'm only read some of this stuff sometimes, though, and like like over the last week, like actually clicking on some like people dot com links, you know, I've seen some stories she reads. And I always think that the page six type stuff, you know, and I always think it's funny when there's like an insider into somebody's relationship, like who would be the insider into your relationship? Connor, I, you know, when they when they when they when they put sources into your relation and then people's relationships. Yeah, the sources be I mean, it would be like my neighbor or like my mom or my wife's mom. It would be like, yeah, I think I think they're fighting, you know. Yeah. Yeah. I don't have a publicist. I always think that's great. Like is the sources into the like the insiders into the relationship? Like is that person like just coming over and hanging out on a Tuesday or something and that makes them an insider? So Brian Costello, who's awesome, Jets beat writer for the New York Post, and he tweeted the the bio for the NFL's Twitter page, which is the Chiefs two and O's Swifties. And he's totally right. This is the kind of stuff that fuels nutjob conspiracy theorists, not just the ones with the podcast. But the fans who watched that game last night and saw their saw the outcome derailed by an extraordinarily questionable call on Sauce Gardner. And listen, I'm not saying it's good, bad, right, wrong or indifferent. But if you're a Jets fan and you've already seen your entire season railroaded by the NFL's greed and desire to milk whatever they can out of this franchise and you had to do hard knocks. Every single game is on prime time. Your schedule is ridiculous, ridiculously front loaded and impossible at the beginning. You know, I don't know what else you could think right now other than your team is just being actively manipulated by by the league. And listen, I don't believe it. You know, Andy Benoit and I used to fight about the I used to get him going on the NFL's fake thing a while back. We had a lively discussion about that after Peyton Manning's second Super Bowl. But I don't believe it. I'm not one of those people. Well, you're not making them go away. I just noticed I just went to the NFL's Twitter page. It is now the header is three shots of tail left. And like if you look at the bio, I think this is a tailor. I think this is a tailor reference. We had the best day with you today. Maybe is that a reference? I think it has to be right to be clear. I'm not anti Taylor Swift. I think she's a fine musician. Yeah, I think she's a genius. Like, yeah, I think she's a legitimate genius and everything she touches turns to gold. And there's a reason for it. She's obviously incredible. Yeah, I just don't like I want you know what? I think I'm hot, too, because I'm coming off the I wrote about the way those are the lyrics to it. Those are those are lyrics from a Taylor Swift song titled The Best Day. Okay, I think I'm just a little hot coming off the Toy Story broadcast, too. Did you did you catch any of that? I was actually coaching third grade football during the Toy Story. Okay, good. Yeah, I threw that on and I was just like, what are they doing? And I get it. You're trying to get kids to watch football. But how about just allowing kids to watch football or to have kids play football and not to watch like a I mean, the technology was incredible. But it like it looked like a like a like Minecraft, you know, and like I just felt like I watch it with my son for a minute. And I was like, they're trying to just it's like cocoa melon. They're just trying to hypnotize them. So we we bang that thing fast. I mean, I just feel like that's like there are some people at the league office who don't have enough to do. And that's how things like that wind up coming to life. Like like fix, fix the problems. Like we're focused on Taylor Swift and the Toy Story broadcast, like like digital chains so that like chains don't break during the game. Grass fields like like like fix the actual problems with the games. My God. Anyway, twenty three twenty, the Chiefs beat the Jets. The Jets fall to one in three. The Chiefs are three and one. I think my takeaway from this game is the takeaway that everybody had, which was this was a feisty, very feisty Zach Wilson game. I think that Robert Sala, to me, win or lose, just earns so much credit because during the week he knew he was going to get demolished. And he said, you don't throw people away. You just don't throw people away. And I give him so much credit because honestly, this is job on the line stuff. And he stuck with Zach Wilson. He dug in. There was no sample size. And Zach played really well. I was very happy for them. And look, like I think that the biggest problem that Robert Sala had was like, can he continue to sell Zach Wilson to the locker room? Because the premise of that entire team, the construction of that team this year was we're going for it. Right. So there are guys in that locker room like Allen Lazard and Adrian Amos and Randall Cobb, guys that were like that are older vets that are there to chase the ring. And like guys like that aren't going to have patience. They don't care what this means for your franchise in 2025. They care about right now. And the younger guys in the roster are going to be worried about what's going to get them in a position to get paid. So it can be hard to sell a developing quarterback to a locker room. And I'll give Robert Sala credit for standing by Zach Wilson, because if he didn't do that, like it would have been impossible. It would have been impossible for Zach in that locker room. you And, know, it sort of made me think of something I said earlier in the day about how Josh Dobbs should get us to question everything about how we develop quarterbacks, how the NFL develops quarterbacks, how the NFL nurtures quarterbacks. Because, you know, you have this guy in Josh Dobbs who got what, six years to kind of learn away from the bright lights. And then because he was on different teams, because he had different experiences, because he was developed away from game action, because people invested in him, because he had a chance and people had patience with him. And, you know, every single movement of his wasn't, you know, litigated on a public level on a week to week basis. You know, he had a chance to kind of get better in the background. And now you have a guy who's so adaptable that he could be traded a week before the season and start and take maybe the worst roster in the league and have a competitive over the first month of the season. It really like to me, like looking at Josh Dobbs makes you question everything. And so if six years can do that for Josh Dobbs, why are we throwing guys out after two or three years? That's what I don't get about it. It's fair to make an assessment on a guy and say, like, he sucks now. But to say guys never going to be good, just ignore so much history. You know, like Alex Smith is a phenomenal example of it. Right. Like how many times was he given up on in San Francisco? Yeah. Like, oh, he can't play. But no one was looking at the fact that like he had five coordinators his first five years in the league. He had two head coaches. Everything was completely unstable around him. And then Jim Harbaugh gets there in 2011 says, no, I'm sticking with him. And he takes off and then he's in the league for another decade as a starter. You know, like it's just we have so many examples of the of why we shouldn't make definitive and declarative statements about young quarterbacks. And yet we do it over and over and over again. And like I do, I think like the intention of the Jets in the first place was we have to press the pause button with Zach Wilson. We may have wronged him by playing him too fast. Right. And by putting too much on him too early. And so the whole intention on bringing him back this year was to allow him the chance to do the Josh jobs and develop in the background for a year or two. And that got blown up. But just because that plan got blown up like that's not Zach Wilson's fault. That plan got blown up. It's not anybody's fault. So now you're going to just completely throw the kid out. Why? Because Aaron Rodgers got hurt. There's a lot of like really faulty logic that goes into the way that he's been talked about over the last couple of weeks, I think. I agree. I'm not just saying this because I wrote about it, but to not even, you know, I think we're in such a easy Twitter dunk society that when Zach Wilson and Nathaniel Hackett get paired up, everyone's just like, oh, this is going to be terrible. And without looking at any of the history of any of these guys. The AFC championship came with Blake, Blake Bortles. He got Ryan Nassib drafted out of Syracuse. I went to Syracuse. Do you know who was the quarter? The last quarterback drafted before Ryan Nassib, Donovan McNabb, Donovan McNabb. I was going to say I was going to say Troy Nunes. Like I think drafted as a quarterback. I think there was a couple of quarterbacks that turned into tight ends, but in literally broke all the school records with this guy. And then he got Kyle Wharton, I believe, to the doorstep of the playoffs. Yeah. Two MVPs with Aaron Rodgers after he was lost in the woods for a little while. The guy's good at what he does, you know, and we're seeing in Denver now, who knows? Make your own judgments about what happened there. But I think that this thing could work like, OK, yeah. The Jets are one in three, but their schedule softens up a little bit. They played a lot of their best defenses up front. You know, Zach Wilson is going to look bad against the Cowboys, but how many other people are going to look really bad against the Cowboys? Right. And now in the next few games, like they have the Broncos coming up. I mean, Zach Wilson could could legitimately put up 50 points against that team. The Eagles, who are really good defense giants, Jets, Giants before Halloween, which if he can handle the pressure. I think that's coming off a buy, too. So it's coming off a buy. You know what Wink Martindale is going to do. He does it well, but you know what he's going to do. And then the Chargers November six, the Raiders November 12th. You don't play a really good team. You play the Eagles in the bills in the next month and a half. Otherwise, you're good. Well, we're kind of like that's like and that was the whole logic behind this. And I think we talked about this last week. To me, the problem with going away from Zach Wilson, like in the whole in the first place, was a there's no better option out there right now. Right. And B, once you go away from him, you can't go back again. You know, so I think so. I think so. I knew that like it was if we bench him in consecutive years, we can't sell him to the locker room again.
VUX World
A highlight from Customer journey analytics with Tim Friebel
"Hello there, ladies and gentlemen. Boys and girls, welcome to Vuex World. I'm your host, Cain Sims, and today we're going to be talking about customer journey mapping, analytics rather, customer journey analytics, I should say. There is a massive gap right now in the field of conversational automation and customer experience automation in general. A huge gap when it comes to analytics, in my opinion. Every single thing we work on, always you can't work on any conversational AI initiative without analytics, both interaction analytics as in what is this conversation successful? Is it achieving the goals that the business and customer needs? But there's two other layers that I don't think many are looking at. There is the customer journey layer, which is where are people coming from? When they're in that conversation, are you actually resolving the issue? Are they calling back four days later? Are they switching channels and trying to do something else on another channel? Is this the first time they're talking to you in a period of time or have they spoke to you every week for the last three weeks? There's a whole load of stuff that goes into understanding whether your efforts of improving customer experience are actually having an impact on you, so you've got to understand the customer journey. And then the level above that is the business. Is this thing actually contributing to the business? Is it generating revenue? Is it streamlining processes? Is it saving money? Whatever your goals are, you need to be able to measure it, quantify it, and tie it back to the conversations that you're having. These are the areas where I think there's huge gaps in many organisations' understanding and also their active implementations. People are beginning to get better at understanding the interaction level, understanding your NLU confidence scores, understanding turn -based analytics, looking at that fallback report. People are starting to get there. But the other two layers of journey and business analytics couldn't be further away. And so an expert in customer journey analytics is Tim Freewell from Genesys. He's currently the global experience transformation lead. He's got a wealth of experience in this kind of stuff, and he's going to join us today to walk us through some of the key considerations, some of the benefits, and also maybe some of the challenges that you might have in trying to implement all of this stuff. So without further ado, please welcome Tim Freewell to the UX world. Tim, welcome. Thanks, Kate. Pleasure to be here. Pleasure to have you here. Thank you for joining me. I know it took us a little while to set this conversation up, so I appreciate your patience and yeah, excited to get into it today. So where abouts are you going in the world? So I'm in St. Louis, Missouri. St. Louis, Missouri. Right in the middle of the United States. Most people, or some people, especially in Europe are like, where is that, right? So yeah, middle of the United States. Nice. That sounds good. That sounds good. And so how long have you been at Genesys for? So I've been at Genesys about five years. A number of different roles. Started as a business consultant, really focused on artificial intelligence for the contact center, focused on conversational AI for a couple of years. And then we actually acquired a customer journey analytics software called Pointless about a year and a half ago. And coincidentally, prior to Genesys, I worked in the customer journey analytics space for a little over a decade with a company that was kind of at the forefront of that. Frankly, we're too early to the market. The company was called Click Clocks. It's not really around anymore. But obviously, whenever we made that acquisition, it made sense for me to kind of slide over and help that team as well. So now really focusing on helping customers understand where they start from their AI strategy, but also how do we apply customer journey analytics to understand business impacts of these things that we're implementing. Nice, nice. So when you first began, then, the whole process with what did you call it? Click Fox. What was the situation then? What were the sort of like, I suppose, best practices quite a while ago now looking at your LinkedIn profile, like what was some of the best in class sort of like technologies, I suppose, at the time? And what did journey analytics look like then as compared to what you have now with Pointless? Yeah, no, it's a good question. I'd say the problem statement is still the same. We started with a perspective of, we actually had a product called customer experience analytics, right? And then through partnering with some of the big management consulting firms out there, the journey term started to take flight. So we latched on to that. And so you had, like I said, the problem statement is still the same. You still had analytics tools out there that were focused on maybe one piece of the journey. It was like, for example, Omniture, who was ultimately purchased by Adobe, was focused on the web and mobile customer journey piece of it. They're usually focused on the sales funnel. And then you'd also have people that were kind of doing reporting in the contact center. You'd have the voice of the reset, NPS, that type of thing. And really weren't connecting those things together. Fundamentally, it's hard to do, right? Because you have data coming from many different data sources that you're trying to connect together. So the problem statement was largely the same, is that how do we really see what customers are doing across all these channels and across time? So instead of it being just looking at one piece of the journey that's occurring within a couple minutes, potentially you're looking back six weeks or even six months. What's this customer experience as they're onboarding, things like that. So the problem statement is largely the same. The approach that Pointless took to it is very similar. Obviously, technology has evolved a lot to make the data collection piece easier, running in the cloud, all those kinds of things. So the how change involved, but ultimately the business problem statement was still the same. That makes sense. Yeah. And I suppose even today, perhaps the challenge is still kind of there, isn't it? I mean, if you look at something like Google Analytics, for example, or you mentioned Adobe Analytics there, like those analytics tools today are pretty good at focusing on one channel, web analytics, mobile analytics, and they can map a journey from the perspective of, okay, a customer comes from a search engine. They then go on this page, that page, this page, click this button, scroll to this depth, fill in this form, and then that's it. So I suppose when it comes to, especially when it comes to conversational AI, tying a conversation that might happen in an IVR system over here, or a chat bot on your website here, or a WhatsApp conversation over there. And those interactions are not just the only interactions that customers have. Maybe they start on your website, then call your contact center. Maybe they call your contact center and then try WhatsApp later. So in this sort of like omni -channel world, I suppose, would you think, would you agree with that actually it gets more complex to actually track the customer journeys in its entirety? Yeah, 100%. And because of all the systems that you mentioned, they kind of have all their own unique identifier for the interaction. So if you think about what, how would we identify the connectivity between these things, right? The contact center is going to have like a call ID or whatever the term is that you want to use within contact center platform. For the interaction itself, you're going to have the same thing with maybe a cookie ID on the website, as well as an interaction ID, et cetera. When customers authenticate, you get additional pieces of information, right? You might get their account number, their phone number, their email address, whatever. So there's all these pieces that are there, but sort of the secret sauce is being able to tie those things together across channels and have a cohesive view of what the customer's doing across the channels. Yeah, absolutely. We have some customers that we actually ingest like greater than 50 different data sources. So you're thinking about connecting together, billing data, potentially, I mentioned kind of voice of the customer, CSAT data, et cetera, even declines, ATM things like that. So you're really looking at a really granular level of the events that are occurring across all these systems. And then putting the business lens on it is what's this customer in the process of doing or trying to do? Are they trying to pay a bill? Are they new? Are they onboarding or trying to add a product? And those things, again, can take over time. Those things can take maybe a couple of weeks, depending on what type of journeys you're talking about, right? So you got, so it's not only the data connectivity piece, but it's also looking at it from the lens of the business to say, customers typically have, our customers, I mean, not the end customer, but typically have 10 or 15 core journeys, like what are the core things you can do with a brand? Like I mentioned, paying bill, onboarding, et cetera, et cetera. And so it's a different mindset of thinking about how do we actually run our business by that concept? Like how good is our onboarding journey, understanding that a customer might sign up for a new product online, maybe they need to go and create an online profile, then they've called the contact center, et cetera, over the course of those six weeks, right? So it's really kind of a different perspective to think about how are we looking at this customer experience. Yeah. And so do you tend to look more at analytics for exploratory purposes or or diagnostics analytics for measuring impact? Because suppose you could do this, you could do both, couldn't you? And that picture you were painting there of you've got 50 different data sources all plugged into one place. That seems to me a little bit more kind of exploratory and diagnostic based, like let's just ingest it all. Let's try and find the patterns. Let's try and find the issues. Then we can resolve something versus we've implemented something. Let's measure the impact of it. Like I'm wondering if you can give us a bit of a flavor for based on the customers you work with, where is most of the activity that you find that you're working on? Yeah, it's a really good question. And the perspective is it depends on where you're starting. And we always see, say the enterprise customers that have kind of grown to think about it as like enterprise journey management, they usually started with a specific problem and then added data sources over time because the questions they want to ask changes, right? So maybe where you start is probably the most common thing is let's look at what web pages or mobile pages are most likely to drive a customer and make a phone call at the end of the contact center or chat with the phone because then you're looking at upstream to say, are there areas to optimize that experience in the web and mobile channel that are actually going to reduce those interactions to the contact center because the customer was probably trying to self -serve anyway. But then over time, so to start that, you're starting with web and mobile data, maybe some contact center data. But then the next thing you might do is say, well, how was that experience on the web and mobile channel actually impacting CSAT? So let's pull in the voice of the customer data so that now we can start to look backward. And then from a, to use your word, a diagnostic standpoint, if we think about bots in the VUX context, I am a regular listener, by the way. If you think about conversational AI and bots, like that's one step in the experience. So inside of those tools, you have tuning and training tools. How do we actually make the bot? How do we optimize the bot? Did it do what it was supposed to do? But then taking a step back and seeing what impact to our business did that bot experience have? Like if we put a new intent in and we built out the fulfillment capabilities for that bot, did it actually reduce cost to the contact center? Did it positively impact our customer satisfaction, et cetera? So it's, you do have the diagnostic sort of in -channel focus from an analytics standpoint, but then you also want to take a step back and see, did it actually have the impact on our business that we expected it to have? Right. Absolutely. Yeah. What are kind of some of the challenges that, are the challenges the same today as you were alluding to earlier on in terms of kind of setting some of this stuff up? Cause you mentioned there, for example, you might start with website data and then you might try and put an intervention in on the website that then tries to reduce contact on the, in the contact center, but then you might pull in voice of the customer data. The challenge that I can sort of see there is these, I suppose, what's the word I'm looking for? These kinds of like numbers that you see on the website data, cause you might not necessarily be able to tie it to a specific individual. You've just got data, but then you've got voice of the customer data. And so it's tied that together, isn't it? To say, okay, this group of people on the website here had this impact on the CSAT. And it's the challenge for me seems to be like tying it all together. Cause you need to tie it to a customer level, something record in order to aggregate it, you know, to understand it at high levels. Are those challenges still challenges that you see? Yeah, absolutely. You know, so, and that is kind of the, you know, secret sauce. So whenever, you know, I talked about how the problem statement is the same that we've been looking at for, you know, nearly two decades to date myself a little bit, is the same, but you know, method that you're doing, you're doing that connectivity across the channels has changed and gotten a little bit easier. One of the kind of the proprietary things inside of the Pointless platform that was different, you know, is really what we refer to as dynamic identity resolution. So you're essentially building a living profile of the customer. So any ID that we might connect, collect from any channel we're adding to that customer profile. So that when we go do analytics in real time, like whatever we know of the customer at this time, we can use that and almost think about it as like, you know, not to geek out and talk about, you know, writing SQL queries, but you know, if you think about it as a join condition, right, depending on the analytics that you're doing, you might want to look at it from a different lens. So if I have, if the customer is authenticated in the, you know, in the mobile channel, in the IVR, et cetera, we're also probably going to be able to tie the account ID together with the voice of the customer data. And that's one lens is to say, let's use the account ID as the join here. But we also might want to look at it a little differently. You know, I could also maybe look at it by phone number, because that could be different people potentially.
The Bill Simmons Podcast
A highlight from Part 2: Zach Wilsons Alive, Belichicks in Trouble, Buffalos Cruising, and Week 5 Lines With Cousin Sal
"All right. So we're taping part one here. It is a little past 4 o 'clock Pacific time. Just watch the Pats completely shit the bed. We're not going to talk about that. That'll be part two. Part one. Ryan Russilla was here. We're talking Drew Holiday. The big trade. How is the NBA different for you right now, and are we done? Do we finally have the 30 rosters? Is this what we're looking at? Do we know who's going to be on everybody's team, or are we somehow not done? I never think we're done anymore in the NBA, and I know you're being a gracious host here, but you and I talked for five minutes today. I think you have the headline take on this, okay? I think you have the headline take on what the top of the league looks like. Are you ready to share it this early? I think Boston has the best top six. I did not feel that way 24 hours ago. I did not feel like there was a clear best. I trust this team in crunch time, and if Porzingis stays healthy, which is a huge if, I think they have the best six, and they can fill around, and they have the most ways that they can play whoever in the series. So from that vantage point, you had to do the trade. And they gave up a center who has been hurt every single year, and I don't fully trust that he's ever going to be out there when it matters. Brogdon, who was hurt, who was mad at the team, and two picks. And you get Drew Holliday, who was a 2021 Finals hero, who's one of the best defensive guards in the league, who's still really good, and just raises their ceiling. Now you can go white Holliday, Tatum Brown, and a center at crunch time, and you're good. You can switch on almost everything, especially if you get anything from Horford. So were you similarly enthused? Yeah, I love Drew. There's some stuff with his shooting in the playoffs where it's been pretty bad, or you're like, is that just because you can't make shots at the playoffs, or is it just what happened statistically? I mean, it does happen. I mean, if I'm getting the negative parts out of the way, like, yeah, sure, he's a little bit older. The big situation is a huge question mark. I can't believe what they got from Horford last year. So I don't know if you can just pencil that in, because he was way beyond expectations, at least for me, or for what I had for him. But when you can add Drew for those pieces, and I'm with you, when Rob Williams is right, it's really, really nice. But you can even tell when he's out there, you're like, is something wrong with him again? The number of times that I've watched Rob Williams in Celtics games, I'm like, I know he's out there, but wait, something. And every time, I thought Marcus Smart was trying to end his career with some of those Valley U passes, depending on how he lands, like, wait, is this going to be the last one we ever see from him? So to me, it makes a lot of sense. By the way, on that Rob point, my dad texted me after the trade, he's like, oh, I hate giving up Rob. I'm like, you complained about Rob more than anybody I know in my life. You would text me from the games going, oh, Rob's just off in the, Rob just walked in the tunnel again. I don't know what happened. I like just Brian Barrett had a tweet, 32 games, 29 games, 52 games, 61 games, 35 games. Those are Rob Williams' last five years. It just wasn't reliable enough for a team that's trying to win a title. I interrupted you. No, you didn't, because it's a it's a really good point, because what's going to happen? I mean, you know, it's just there's there's definitely like if Prozingis is hurt, it feels like the whole thing is screwed up and there's a really good chance that that could happen. But if you're talking about like the allocation of minutes and the talent that's getting those minutes, well, the talent that's getting those minutes just went up with Drew Holiday. And that's, I think, the simplest way to look at it. So they they turn Marcus Smart and Grant Williams and Brogdon and Rob Williams into Drew Holiday and Prozingis, more Derek White minutes, more Peyton Pritchard minutes. And then there's a little bit of an X factor with who's going to be like that ninth man, tenth man, kind of big four slash five person, maybe, or somebody you trade like that. I feel like that's the easiest position to pick up in January and February. The big thing for me is I think White was ready for a bigger role. I think White and Holiday together is magnificent as a as a backcourt. And I read some stuff today. They think White's going to come off the bench. I don't know if I see that. I think I would come out of the gates with White and Holiday and Tatum and Brown in the center and maybe bring to your Horford point, like maybe bring Horford off the bench and try to really try to rest his minutes during the season and be careful with him and make him a bench player. And then the playoffs reassess. But I think that having those four guys all together, they complement each other so well. You can play basically any kind of defense against any perimeter guy in the league. Those four guys and they're just better. I mean, there's there's just no way around it. They're better. He's a much better player than Marcus Smart was last year. And you know, you made that point about the shooting. He'd have those games. He'd go 5 for 22 in a playoff game. You know, he'd eat. But I do feel like he was asked to do a little bit more than maybe what he's supposed to be doing. I don't feel like he's a pure point guard. Right. Now you have White who can handle most of the ball handling. He could play off the ball and they're going to get the best version of him. Awesome locker room guy, too, by all accounts. I mean, really like a beloved teammate wherever he went. And I think they wanted to change the chemistry a little bit. I think this was an unhappier team than maybe they led on to the outside world last year. Yeah. Look, I definitely like him more than Smart. And you know, to be totally fair, when I'm looking at like the Lillard side of this trade last week before we knew the second piece of Drew and upgrading from Drew to Lillard, I'm going, OK, well, now you're top two in Milwaukee's like in the argument for the best two in the NBA. OK, that's that's really what this league has been about now post the teens decade where it was the arms race for your top three. It's you look around the league, you go, OK, who's got the two best? Like, let's come up with the five teams who have the two best. And with Lillard and Giannis, that's like a whole nother level. So when I was looking at it, it's like Lillard compared to Drew, you know, Drew is not somebody you're expecting to break down a defense off the dribble. Right. Oh, we're stuck into the shot clock, like make something happen where Lillard can literally do anything right in the final second of the shot clock and still you feel like it's still a decent look. So that part of it's a huge upgrade. But he's number three to four as far as an offensive option. He also and I don't know, this is just me talking out loud as I thought about the trade. It's pretty clear that when Boston's offense gets into trouble in the playoffs, like Tatum and Brown haven't figured out a way to kind of unlock it other than just like I can already picture my head like I know what the Tatum move is going to be. I already know what the Jaylen Brown move is going to be. And I don't know if Smart was able to make their life easier with the playmaking. And then sometimes I even think Smart would go like, well, if you guys are going to screw around, like I might just I might just be green light on this possession. I don't think Drew necessarily plays that way. So, you know, it's probably silly for me to think that like Drew is going to be the Steve Nash type who comes in and sets up all these great late playoff possessions. But there may be something in lessening the burden of those guys feeling that they have to do or defaulting to just forcing the issue as much as they do in the playoffs. I like how much ball handling they have, to your point, because they were talking about experimenting a little bit more with Tatum as a point forward this year, which makes me nervous a little bit just because, you know, he's six foot nine. I'm not sure that's the best use of him, but they seem pretty adamant. Like we feel like he could be a little bit more of a creator. And then you think White can do that. To me, White is the key to this season now, because if, you know, other than the Porzingis health thing, which I almost I'm going to knock on wood, but part of the reason they made all this movement and they got rid of Brogdon and Smart was I think they really wanted to push White to be the lead ball handler for them and a creator. And there's some unbelievable pick and roll stats with him. And just if certain people set him a pick in the way, even in the Miami series, he was one of the only guys who could create offense. So I think they have that plus they have Drew. And the reality is for Drew, this is this might be the deepest offensive team he's been on. Right. When you think back to like it was on some pretty weird Philly teams and some pretty weird New Orleans teams, and even when Milwaukee was at its best, it was really just Giannis, Middleton and Drew. And that was it. This is there's more shooting and playmaking around him than I think we've seen. Maybe it'll be a slight upgrade on the flip side. He doesn't have Giannis, who was the second best player of the century, probably, but I like the spot for him. It seemed like he really wanted to go to a contending team and I don't really know who they were competing against because for reading through some of the reports, it just seemed like Philly. I don't even know what the trade was for them. Portland wanted at least one piece back, probably two that they could do their keeper package. They wanted picks back. Golden State wasn't even in it. And it didn't seem like OKC ever threw their hat in the ring, which I was shocked by because I felt like OKC was the sleeping giant of this whole thing with Dort and some picks and just say, fuck it, let's let's see if we can be really good this year. So it seemed like it was down to Boston. The Clippers, they just had more assets. I don't know if Portland keeps Rob. He's on a good contract. They already have Ayton. My guess is that they're probably spinning him. Does it make sense that both of those guys? My sense is they're going to try it out, you know, but, you know, the thing with Rob is like, if you think he's an awesome defensive player that's just out there, like he's awesome when he's used a certain way. And once Boston unlocked that two years ago, where they stuck him on a non shooting big and then you could see other teams adapt to it, it's like, well, let's stop giving them an out where Rob can just roam off of this dude that's not a shooting threat, because I think that, you know, this is just going to turn into like now that he's not here. But I mean, have you listened to us talk about Rob Williams at all last couple of years? He you know, I don't I don't think he's I know what the defensive metrics are. I know the on off stuff. It's a big reason why I think the analytics models always love Boston. Like sometimes you look at him and be like, hey, I think this team's good, but like these numbers are overwhelming. This is like, yeah, it's it's so far like as if there's this huge gap between Boston and everybody else, which I never really felt going back these last two years. But you're if Chauncey Billups and you think like, OK, Rob Williams is going to go out there and like wreak havoc, it's like, well, he has to be used a certain way. So maybe they feel like that's in defensive support to Aiten. And with Aiten, you know, I have I'm not quite sure what to expect. Well, this is the one thing he's probably going to put up huge numbers because he's not going to have older dudes that have a higher status in the league that go, I'm sick of passing it to you. So he's probably going to get more touches. We'll probably see like early Aiten numbers and like twenty to ten for the first six weeks of the season. Yeah, I'm with you. Yeah. Like he'll he'll he'll put up some big numbers there. But, you know, defensively, it's really about his competitiveness because there were times I think going back two years ago when we were thinking about him with that run of the Suns, the finals, you're like, look at this guy. Like he can switch out on the smaller players. You can rotate. But it's all about the way he's wired. And I think long term, unfortunately, like we already kind of know the answer there. Like I don't think all of a sudden now you start playing with some fierceness after being in the league this long. So he was the fifth option on that team and there seemed to be real resentment toward him in that whole Phoenix culture of like, why doesn't he just realize we don't need his offense? We need him to basically rebound and block shots and crash the offensive boards. I think his attitude was probably twenty five years old. I want to be the best player I can be. I already went to a finals. I don't that's not I think I could do more than that. So I don't I don't think anyone was necessarily wrong. As I said, on my Thursday pot, I just hated the trade for Phoenix. I just thought they got the poopoo platter back. You know, they got some some some spare ribs back and a couple of egg rolls and and that's it. But they did not get an entree back. And I think he's an entree on the right team, whether he's a guy that made sense for them. I don't know. But I know that they didn't get a good haul for him. I think Rob, for his contract, for what his talents are, is a really intriguing piece for them or for another team, because you could trade for him. And it's not like a daunting salary. Right. I think he's in what is what is it, like 15 a year or something like that? No, it's a really good. Yeah. I mean, it was a really low cost extension and he's still a pretty young guy. Yes, so.
Game of Crimes
A highlight from 118: Part 1: Marc Cameron - From Deputy US Marshal to Arliss Cutter to Tom Clancy
"Well, again, here we are. Episode 118. Murph, we have 118. This is like surviving 118 attempts on our life. We have dodged all the bullets. Our listeners are loyal and they protect us. You guys protect us. So welcome back again. Episode 118, Game of Crimes. Thank you, thank you, thank you guys for joining. I am your host with the most hair. Just got it cut, Morgan Wright, here literally with my partner in crime. Murph, who's almost bald and your hair looks like crap. My hair doesn't look like crap. It looks like crap. No, it doesn't. It looks marvelous. I've got so much. She says, the person who cut my hair said, when you come in after six weeks, it's like most people's eight weeks or 10 weeks. So I get a lot of hair. Hey, when I go in and get a haircut, it takes like three minutes. I'm in and out. There you go. You sure that's a haircut? Be nice now. I'm just starting this. Please, please don't pay attention to him, ladies and gentlemen. I'm sorry, okay. We're trying to gain some professional help. Yeah, whatever. All right, how's that working out for you? Okay, let's just do some quick housekeeping before we get started. Hey guys, head on over to that Apple Spotify. Hit those five stars. It helps us out a lot. Remember, the other thing we learned that too, guess what guys? Not only did Stitcher go away, Google Podcasts is going away. So you're gonna have to, if you're on Google, make sure you pick a new service to keep listening to us. Make sure you hit that subscribe button too so that you do not miss. Deliver to your digital inbox every week on a Monday and Tuesday, these episodes like this one's coming out. Also head on over to our website, gameofcrimespodcast .com. In fact, when we talk about our guest today, Mark Cameron, we'll talk about his book. That'll be listed on there. And we've got a lot of great stuff on there. So make sure you head on over there. Gameofcrimespodcast .com. Also follow us on that thing they call social media at Game of Crimes on Twitter, Game of Crimes podcast on Facebook and the Instagram. But Murph, I'm telling you, we're gonna have some fun on Patreon. Patreon .com slash Game of Crimes. I have a 911 call coming up for you. Of all the 911 calls, I guarantee you nobody, nobody has taken a call like this before that I'm aware of ever, anywhere. Looking forward to hearing this one. Holy cow. There's gonna be a couple. This one, I don't know if I can make an entire case out of it, but I've listened to it. And just the sheer confusion on the call taker, they've never been presented with this before. So we'll have to talk about that. But guys, we just did our warden of the throne. It's a unique little thing we're doing now. Rather than just taking one topic, Murph brings two topics. I bring two topics. We're allowed to get into things that are catching our interest for the previous month or some stories. So we just did one talking about Philadelphia and the looting, Iran, and what they call the Iranian experts initiative. People have had their security clearance suspended. You talk about some tragic cases up in New York, the Bronx, baby dying at daycare center, and the recent death of that CEO by a sexual predator who should have still been in prison, but wasn't. Right, in Baltimore. So those are a lot of good things. We've got Q &A coming up, 911, what's your emergency case of the month? So guys, all good stuff. You don't hear this anywhere else, but on patreon .com slash Game of Crimes. But the other place you gotta be though too, Murph, our favorite mafia queen with the iron fist with the velvet glove. You gotta head on over there, watch what Sandy Salvato is doing with our Game of Crimes fans page. Just go to Facebook, type in Game of Crimes fans, answer a couple easy questions, get admitted to the Inner Sanctum in YouTube. You will see what goes on behind the scenes, behind the curtains. Pay no attention to the man behind the curtain because that's one of our favorite people happening over on Game of Crimes fans. It's a lot of fun. There's a lot of humor there. A lot of dark humor too. If you saw some of the stuff people have posted, I hope you guys, I hope your healthcare plan supports you with an employee assistance program. I'm telling you. I don't know what you're talking about. Here's what I'm talking about. You know what I'm talking about now because you know what time it is. Guess what? I'm gonna ask you, do you know what time it is? Guess what time it is? Come on, give me a clue. It's time for Small Town Police Blotter. Hey, this because in honor of our guest that's coming up, Mark Cameron, the author, we'll talk about him in a second, but he went from Texas, lives in Alaska. So I thought we should have an Alaska theme. There you go. For our Small Town Police Blotter. So Murph, gotta ask you. Yes. This comes out of the Alaska Dispatch News. You know, a lot of fishery stuff, a lot of crabbing, a lot of lobster stuff, a lot of that goes on in Alaska, doesn't it? Mm -hmm, mm -hmm. So you have an idea. You go, hey, we're gonna take a crabbing boat and we're gonna convert it into a floating bar and strip club. What could go wrong, right? Oh my gosh. So 54 -year -old Darren Byler of Kodiak and his 46 -year -old wife, Kimberly, own the Wild Alaskan, a former crabbing boat that's been converted into a floating bar and strip club. Apparently it's doing pretty well. They've been running the business since June, but now they're in serious legal trouble and Murph, it's not for stripping. Uh -oh, what is it? This gives new meaning to, you know, why this is on a crabbing boat. So if you're out there floating, you have to provide facilities for people to use, right? So if they use the facilities, number one and number two, you should probably find a way to take care of that other than dumping it into the ocean. Oh, come on, come on. So they were just indicted by a federal grand jury for improper disposal of human waste after they were caught dumping feces from their bathroom into the harbor, as they say in Maine, into the harbor. Instead of taking the waste tanks to the proper places on shore, they both could be facing up to one year in jail and $25 ,000 in fine, but that's not the worst part. The worst part is the Coast Guard said they lied about dumping the tanks, and if they're convicted of that, making false statements to the Coast Guard investigators, that could get them five years in prison and $250 ,000 in fines. Cha -ching. I tell you what, you gotta do a lot of stripping to make that kind of money. It's a shitty situation they got themselves in. It's terrible. This whole thing just stinks. It stinks, man, stinks to high heaven. Tell you what, you know, you had a turd in one hand and wishes in the other. Anyway, we could go lots of places with that, so. These people didn't move to Alaska from Florida, did they? I don't believe so. Thank goodness. Hey, but I went back into the archives too, so I pulled some articles out of the Alaska News Archives, the Fairbanks Daily News Minor. This comes to us January 21st, 1955, and I'm telling you, the stories are hilarious. These are quick hits. And not always, but this is what's in Alaska. This is what's important in Alaska, January of 1955. The Tokyo police hire pretty hostesses. Tokyo police, grieved by complaints that their headquarters is unattractive, have assigned four pretty girls to meet people at the building's two entrances. Officials have also ordered the women to take charm courses. That is what's important in the Alaska, you know, the Fairbanks Daily News Minor. The other thing you gotta do here, be prepared. And this comes to us, it's out of Tucson, Arizona, but in the Fairbanks Daily News Minor. This is 1955, a 15 -year -old boy with a loaded .38 caliber pistol in his waistband was removed from high school class here by police. His explanation for carrying a gun, a couple of those teachers were giving me a hard time. Well, geez, okay. Okay, but this one though, this one has gotta be, this is it. This is St. Monaface. I believe this is Alaska, no, Manitoba. This is St. Monaface, Manitoba. All right. Police were certain the worst of the winter is upon them. Pete Nikoluk has started his annual jail term for vagrancy. Nikoluk has spent the past 21 winters in jail on vagrancy charges. Police says he always manages to get arrested just before the coldest part of the winter sets in. Who says this guy's not smart? Three hots and a cot, and I get through the toughest part of winter. Oh my goodness. That's, well, you know, that's prior planning, I guess. Prior planning prevents piss -poor performance, the 6Ps. There you go. Yep. You ask my children, they'll tell you what the 6Ps are. That's right. Murph, now, we'll finish up with this. I went and looked at what are some of the strangest laws in Alaska, and these are definitely Alaskan. It is illegal to whisper in someone's ear why they are moose hunting. Okay. It's legal to shoot bears. However, it is illegal to wake a sleeping bear for the purpose of taking a photograph. Why would you wake a sleeping bear? Isn't that the truth? Here's another thing, and I don't get it. It is considered an offense. It's illegal to feed alcoholic beverages to a moose. What? Why? Huh. Apparently, it's also illegal to sell stun guns to children. That one, I kind of get that makes sense. Well, if you're in Fairbanks, Alaska, if you love a vuvuzula, remember what they did during the World Cup. You know, you blow those things that make a lot of noise. Those annoying things? Yeah, it's illegal to blow a horn in a manner that disrupts the peace. Good. Yep. So, it's illegal to fatten up a sheep, cow, or pig within the city limits of Fairbanks. Are we talking about people or animals? Well, maybe it's meatball, and you'll have to listen to her. You'll have to listen to our warden of the throne. All right, it is also a crime to speak so loud that you offend a sensitive person enough to make him, her, or her leave if you're in Fairbanks. What? Okay, well, hey, be nice. That's just be nice. And you can only carry a concealed slingshot if you have received the appropriate license. The license. Do you have a license for that slingshot? All right. Oh, okay. I didn't know you had to have that. But Murph, this is the craziest one. This reminds me of an episode of you and JP on Narcos where you were accused of doing this, not a moose, but it is an offense to push a live moose out of a moving airplane. Well, you know, I gotta agree with that, but have you seen how big a moose is? How do you push it anywhere? Well, how do you get it into the damn airplane to begin with is what I wanna know. And who wants a moose, a pissed off moose, in their airplane? Uniquely Alaskan. So Mark Cameron, as we get into this, and again, we wanna thank our buddy, Patrick O 'Donnell, Cops and Writers. Go listen to his podcast. Hooked us up with him, but Mark Cameron is an interesting dude, moved from Weatherford, Texas to Alaska. And we're gonna talk about his book that was just released. It's an Arliss Kutter novel, Breakneck, by Mark Cameron. But the interesting thing too, Murph, was he wrote the last seven Tom Clancy novels. And this is a guy that used to be a marshal, which most of the reports were saw bad guy, put him in jail, you know? Not extensive reports in the marshal service. Saw a fugitive, arrested, same.
Andrew Tate Motivational Speech
A highlight from MAKE IT HAPPEN - Andrew Tate Motivational Speech
"You can't pour from an empty cup and before you give love to anybody else you have to truly love yourself And I think the easiest way to love yourself as a man is to be proud of yourself and to be proud of yourself You have to decide who you want to be inside of the metaverse inside of the matrix You decide the character you want to be and try your best to achieve it Why do you think people struggle with being proud of themselves? I think because they know they're failing I think that most people failing in life know very well they're failing and it doesn't matter what avatar you decide to absorb or Who you decide to be? You can decide to be it and you know true in your heart if you're giving a hundred percent of your energy towards becoming or Doesn't matter if you want to become a famous musician does not gonna come ball a bodybuilder doesn't make them come become a pro fighter It doesn't matter what you want to be You know in your heart if you're actually trying you have to decide what you want to be and try and become it and a lot Of the people who are genuinely unhappy or miserable in their hearts know they're not trying well And they also I think they also focus on what everyone else is doing right or wrong and then judging outward and everyone's like focus on this our reflection of like what that person has and versus what they don't have and it's all just like Cycle of negativity completely and it's just if we found ourselves especially with social media nowadays We found ourselves like most people because maybe they're not mentally strong enough to understand like wait I need to create my own value instead of looking outwards How do you think we fix it successful is all about self -definition which is what I was saying at the beginning We have to defy decide who you want to be and if you're if you wanted to be Joe Schmoe and you pull it off And you'll be a pretty happy content person to decide who you want to be I think the people who are miserable is the dip it's the gap between their expectations and their reality That's what the misery lies. My expectations were always enormously high even when I was a nobody I knew I had to be filthy rich and a kickboxer at the age of 15 I knew that if I'm the kind of guy that if I raise my voice people are gonna care I'm not gonna be the guy who starts shouting and everything's just funny I know I'm gonna be the kind of guy who's genuinely a formidable opponent all around the human endeavor I know I'm gonna have money People who are miserable are the people who don't try hard enough to obtain it because I actually believe and it's another thing I believe the universe is very giving I think the universe and God himself is very giving I've yet to meet someone years All my who is genuinely giving 100 % of themselves day after day doesn't snake anyone firm handshake Look you in the eye doesn't lie to nobody and tries 100 % doesn't get what they want I've never seen it every single person who doesn't have what they want There's something in their story that doesn't quite add up I've yet to see some guy who have you ever seen a guy who eats right trains his ass off and never misses gym session Ever not grow. It's just that's the way the universe works, right? So if you're truly about it, you're truly trying your absolute best You're gonna do it and I that's what I believe. I believe the universe is extremely giving So when I meet somebody and they go I really wanted this and I don't have that so you didn't really want all like the successful People most successful people in the world Would you say that all of them have have like something in common in the sense of like some sort of hardship in their life? It's not I mean trauma is extremely important and this actually goes back into answering the first part of your question, which is interesting There's a study I read about stress and it was saying that stress they Stress has a placebo effect attached to it because the placebo effect is extremely powerful So they found some of the most stressed people in the world and they split them into two groups and they're all equally stressed They all have a bunch of cortisol People who believed they were that stress was bad for you and that stress can hurt you and they believe those media articles We're dying earlier. They're having heart attacks and having stress related illnesses The people who believe the opposite who just said stress is part being successful I like stress when I feel stressed I do my best makes me anxious. It turns my brain I like being stressed lived longer than average point is the same drug how you look at it and how your body Anticipates it how you feel about it affects the real -world results, which goes back into what you were saying earlier about the jealousy You're saying people look on social media and they get jealous and it demotivates things That's because they decide to be demotivated by it Do you know what happens when I get jealous of somebody I fucking beat them If I look at somebody has something I got I will take it from them by hook or by crook. Well, then I love I wish someone could make me jealous. It's hard. Now. I got everything I wish I could look at somebody and go fucker would you say would you say jealous? He's the number one part for motivation? Well, I don't think motivation is a real thing, I don't believe in motivation it's a concept I think discipline is real and I also think discontentment is real and I don't think it's possible for anybody to stay in a scenario Where they're truly uncomfortable if you fall asleep on your arm and your arm really starts to hurt even in the deepest sleep You're gonna wake up and move your arm if you sit there and your life has been in a rut for seven years You are semi comfortable in that rut. Sure. There's days. You're pissed off sure You're semi annoyed by it, but there's also days when you just play video games eat pizza and you're kind of cool with it It's no big deal if you were truly Unhappy and uncomfortable and discontent with your scenario. You wouldn't be in it. So I think I don't believe there's anybody who's truly When I was broke, I couldn't sleep Sam. Please understand me when I was broke. I couldn't sleep I'd be trying to go to bed thinking How the fuck these people have Ferraris. I want a fucking Ferrari I couldn't sleep people aren't taught to be self -aware anymore People are taught to just like like I said look at that guy what he has and be mad that she don't have it Or like if something's going on with me I don't want to look inside and say what's actually happening with me. Why am I this way? Why am I the person that I am today everyone, but I want to figure out deeply How do you think a man specifically in this case is able to look at themselves more comfortably without? Holding the judgment the fact that they don't have the stuff over themselves because completely you're totally right I think there's two answers to the question one I think a lot that came from chess because chess is the most ruthless game on the planet and what chess will teach you Chess teaches you that if you lose at some point you made a mistake It doesn't matter if it's the smallest mistake It doesn't matter if you just took too long too long to think to make the right move and run out of time on the clock At some point you fucked up for you to lose that game. It's 100 % accountability with no luck That's what's so important about learning chess That's the first thing and the second thing is you need to as a man adopt the mindset that absolutely everything that happens to you It's completely an earlier fault whether it's good or bad Most men don't have that when the matrix was attacking me and they were destroying me and they're calling up My ex is trying to get fake fucking charges on me and put me in jail when they closed my bank accounts I use ten eleven million dollars when they banned me on all across all social medias and lie about me when they harassed my Family when did I'm sitting there going? This is my fault. All of this is me. I got here. It's my fault I'm not going that was unfair. It was orchestrated NGOs worked against me because that is not helpful. It's accountability It's a hundred percent accountability in all things, but also when I go out there and I start to Bugatti It's like that's me. It's Mike. This is my fault The car is my fault and the big house is my fault and everything that ever goes wrong Yeah, absolutely. You have to take complete in our accountability for everything. You can't make excuses ever There's never an excuse and you're right people try and put things on the outwork outwards on the outside. It's interesting I remember watching Forrest Gump about five years ago I was on a plane and coming where I was flying and the beginning of Forrest Gump has a scene in it when he's sitting On the bench at the beginning think about a Forrest Gump He's sitting on the bench at the beginning and there's a feather and on him and the movie begins what they're saying with that is Forest is the feather and life has just pushed him all over and put him in all these unusual scenarios Life has directed him everywhere That's what that's what it's saying And if you're gonna be the guy and you're gonna allow life to happen to you and you're not gonna happen to life Then you're at mercy of the wind. Perhaps it might work out. Okay, but it might not right So you have to be the guy who goes? Okay, the winds blowing in this direction. Fuck them. I'm doing this You have to come to life You can't let life come to you because if you let life come to you Then you're gonna be living inside of a matrix and a system which is designed not for you to live your best life It's designed for you to comply How do you think men can build more confidence in like deciding their life instead of just letting be decided for that? Yeah, so they have to take absolute responsibility, which is the first thing the second thing they have to get competence and competence It's gonna allow you to have confidence. You're not gonna be good at shit. You're bad at shit You have to be good at things. You're only gonna be confident things if you're good at things I know what I'm good at and what I'm bad at So you have to go out there and take risks you have to make mistakes and you have to risk it all and and once Again, this comes down to competition. I think competition is such an important thing in the masculine world I grew up in the chess world, but I went fighting world was all extremely competitive. It's competition driven You can't make excuses if I sit here and say I lost a fight cool You lost a fight, but I lost a fight but my gloves when they were wrapped up my gloves My hand was hurting and then excuses like you have to understand that excuses don't matter Nobody cares life's binary winners or losers and you just have to take absolute responsibility for people are so caught up when things happen This is why this happened to me because of this because my childhood cuz my past trauma cuz my life whatever But people are so not taught to like look inwards and go towards those things Well, I think I think victim playing victim is a it's an easy way out. Yeah, it's it's a lazy This is an easy way out It's a good excuse and it also makes you feel better about yourself me and my brother have another thing We do we do this all the time if either of us are ever complaining about anything We say we have this we shut each other up and saying what do you want therapy? If you don't want therapy what you're talking the main reason people complain about things is to get a dopamine rush, right? I'm unhappy but if I sit there and I complain about it and you give me a little bit sympathy I feel better dopamine That's why they're complaining for dopamine if someone comes to me and complains about something It's the best thing I can do for them because I'm a philanthropic nice man. I'm mr. Nice. It's time to get fucked I don't care shut up But a lot of this comes down to your social circle because there's a whole bunch of guys out there whose friends accept excuses If your friends will allow you to make excuses, you're gonna make excuses if you're a family and let you make excuses You're gonna make excuses. You're gonna complain and feel better You gotta be around killers who don't accept that shit if I have a good me and my let's say me and three friends There's four of us and we all decide to do 10 ,000 push -ups a day and all of us do them except one There's no words inside the human language There's no sentence He could possibly construct my how compenduous or concise or how intelligent the man is that will allow us to forgive him failing Don't accept excuses.
Unchained
A highlight from Heres How Sam Bankman-Frieds High-Stakes Trial Could Play Out - Ep 549
"Even though each of these charges, if you look at the DOJ press release says, oh, it contains a maximum sentence of 20 years or five years, whatever, it's not going to be consecutive. It'll be concurrent. So the estimate I'm getting from various attorneys that I've spoken to over the past few weeks is it'll probably be somewhere in the, you know, 10 to 20 year range. Hi everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin, author of The Cryptopians. I started covering crypto eight years ago, and as a senior editor at Forbes was the first mainstream media reporter to cover cryptocurrency full time. This is the September 29th, 2023 episode of Unchained. Thinking of launching your own stable coin? Start with the open source stable coin studio toolkit on Hedera. Start your journey at Hedera .com slash Unchained. Shape tomorrow today. With the crypto .com app, you can buy, trade and spend crypto in one place. Download and get $25 with the code Laura. Link in the description. Arbitrum's leading layer two scaling solution offers you ultra cheap and lightning fast transactions, all with security rooted on Ethereum. Visit arbitrum .io today. Toku makes implementing global token compensation and incentive awards simple. With Toku, you get unmatched legal and tax tech support to grant and administer your global team's tokens. Make it simple today with Toku. Today's guest is Nick Day, Coindesk's managing editor for global policy and regulation. Welcome, Nick. Thanks for having me. The trial for former FTX CEO Sam Bankman -Fried starts next Tuesday, October 3rd. There's been a lot happening pre -trial. For instance, Sam has requested release from jail multiple times and repeatedly been denied, including as recently as Thursday morning. My personal thought was that it seemed like all these requests that the defense was putting in at this critical juncture right before the trial was supposed to begin was maybe not the best use of their time, but that's just my personal opinion. I'm not a lawyer. Why do you think they made this such a point of focus in the last few days? Yeah, so I'm actually coming, you know, I was in the courthouse just a few hours ago where this very issue was brought up and the defense's arguments were, well, the first time we asked, it was for pre -trial release. You know, this was right after Bankman -Fried was remanded into custody in mid -August. The second time was, you know, they were asking the appeals court to overrule the judge's decision to remand him. And they lost that as well. In court today, the defense said, well, you know, now we want to ask for during trial, which is why we waited until this week to make that request. And they say that they want to, you know, the circumstances are different. They're not asking for Bankman -Fried to be released from jail in the weeks leading up to trial. Now they're saying, well, you know, during the trial, we're going to have to talk to him and check with him about defense witness testimony and cross -examination and things like that. So that's why we're making this request. And the judge didn't really find that compelling. And why do you think the judge has stuck to this position of keeping Bankman -Fried in jail? So in the judge's words, there's a couple of different reasons. One being that Bankman -Fried has had ample time to look at the defense materials. You know, one of the arguments was there are something like 1300 exhibits expected over the course of the trial. And the judge asked today, you know, were these all prepared and shared with you before, I think he said September 8th, so earlier this month. And the defense, they said, yes, we've seen all of this. We've had access to all of this. Bankman -Fried was out on bail for about seven and a half months. And so the judge's argument is, well, he's had time to look at this. You know, there's no surprises here. And he said that the defense has the chance to talk with Bankman -Fried in the Metropolitan Detention Center, where he's currently being housed weekends during days that there are no trials. So, you know, the trial is not every weekday. It's going to be most weekdays. And he said, you know, you have the time, you have the opportunity, you are able to talk to your client. You're not really losing a whole lot. But he added kind of a, you know, made this ruling where Bankman -Fried will even be presented to the courthouse early on trial days where there's certain witness testimony that has to be discussed and let the attorneys just talk to him before the trial begins on those days. So he's saying basically, you know, you have opportunities to talk to your client and I'm going to give you, you know, more time to do so, but I'm not going to let Bankman -Fried out of jail. So the main focus next week as the trial begins will be jury selection. Tell us what you think that process will be like. It definitely will be interesting. I think it's probably going to be very boring from just kind of an observer perspective because it's a long process and we're going to be just sitting there watching this judge ask each individual, you know, have you heard of FTX? Have you heard of Bankman -Fried? What do you think about cryptocurrencies? But it's going to be very interesting because this is the part where we're 12 or so people who are going to determine whether or not Bankman -Fried spends the next, you know, 10 to 20 years of his life behind bars. And so I'm expecting to see maybe as mixed selection. I think if you pluck a random group of New Yorkers off the streets, some of them may have heard of cryptocurrency, most of them probably will not have, and they're going to be tasked with deciding whether or not one of the biggest figures in crypto committed fraud on the way up and on the way down. Something that was interesting to me was the prosecution said that they expected jury selection to take the better part of a day. I've seen some legal opinions that it will take longer than that. What do you think could potentially happen there and why do you think some analysts are saying that it would take longer? Yeah, no, I've spoken to a number of lawyers as well ahead of the trial, you know, where at Coindes we're trying to do a lot of kind of preview coverage, basically saying here's how it might go down. Everyone I spoke to said it will probably take a couple of days. Part of that is because this is a fairly notorious case. A lot of people will have heard about Bankman Fried and presumably formed some kind of opinion that would, you know, disqualify them from being a juror on the trial. I'm not sure where the DOJ is getting their estimate from. It's very possible that, you know, through the questionnaires that the jury pool is sent through the, you know, the kind of the mass selection process or deselection process that the judge engages in, maybe that streamlines a big part of it by kind of, you know, reducing or like immediately filtering out the people who are most blatantly, you know, either knowledgeable or biased or otherwise have their own preformed viewpoints about the case. And so the jury selection might just be focused on, you know, those individuals who have made it through those initial filtering processes. But that's speculation on my part. I honestly am not sure if it is a better part of the day that we could see opening statements as soon as, you know, next Wednesday, October 4th, which would be a pretty rapid start to the trial. And Coindesk did some work to try to suss out what it is that lower Manhattan New Yorkers might say if they were randomly picked for a jury. What did you discover there? Yeah, no, so Coindesk's Dylan and Victor went to Manhattan, downtown Manhattan to the financial district, and literally just went up to people and said, hey, we're with Coindesk. Have you heard of FTX? Have you heard of Sam Bankman -Fried? And a fairly large part of this group just hadn't heard about it. You know, they weren't familiar with it. They weren't comfortable talking about crypto. They weren't familiar with crypto. And of those who were, you know, I think they found a fairly even mix. There were some individuals who had heard about Bankman -Fried, some individuals who had only heard about crypto, some individuals who were very knowledgeable. They actually found a, you know, a Yahoo anchor who was the most knowledgeable about it naturally as, you know, order covering the financial space. But they also found people who were looking for jobs in crypto, people who were investors in the space. By and large, it seems to, you know, a lot of the people they spoke to just weren't interested or talking, interested in talking about crypto or in, you know, being part of this, being part of crypto. So if that is a representative sample of who we'll see next week at the jury pool, it'll be interesting because we'll see a large, potentially large, jury pool of people who aren't familiar with crypto. Again, on one of the biggest, you know, bang in on one of the biggest figures in the space. Recently, the defense proposed certain questions that it would ask the jurors and the government said that they felt these were quote unquote intrusive. What were some of the questions that were proposed and what was the government's response? Yeah. So, you know, the background here is both the DOJ and the defense team filed their proposed jury questions to help filter potential jurors. The defense team in particular had a number of questions about, you know, how these potential jurors felt about things like effective altruism, about political donations, about ADHD and people who have ADHD. And the DOJ response was really, you know, they felt that some of these questions, for example, about effective altruism and about political donations seemed kind of primed to, or designed to prime the potential jurors to think, oh, well, Bankman Fried was trying to do all of this in service of this effective altruism philosophy. Therefore, he was trying to raise money to donate to better the world or designed to try and prime the jury to think, okay, well, you know, political donations is fine. So these allegations about breaking the law in the way he tried to donate funds maybe is, you know, overreach or whatever. And in the intrusive part, you know, treating just kind of this question of ADHD and whether or not people were, you know, involved with individuals who had it or the DOJ just felt that these questions were really designed to try and shape how the jury would see Bankman Fried as opposed to just kind of gauge their existing biases. And so the DOJ opposed these questions and I think we're still waiting to see for sure if there's any public response on the judge prior to jury selection on Tuesday. All right. So in a moment, we're going to talk about different legal strategies that the defense might pursue. But first, a quick word from the sponsors who make this show possible. 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Recently, the defense did propose a number of witnesses, but the judge denied most of them. Who were these proposed witnesses and why were they denied? Yeah, so the DOJ and defense both had a number of proposed expert witnesses. The defense in particular had a number of individuals that they said could speak to everything from the terms of service that FTX operated under to the FTX software to just rebutting certain DOJ witnesses. The judge basically said he agreed with the DOJ in rejecting all of these proposed witnesses. There were seven. He did allow the defense to call for four of them later on, but they have to meet certain requirements and fill out certain disclosure forms first. A big part of the judge's reasoning was the witnesses had just not adequately explained what they wanted to testify about or what they would say, and so they didn't have or he didn't have enough information to allow them to testify, which was functionally the DOJ's argument as well. That being said, some of these proposed witnesses are intended to act as rebuttal witnesses to DOJ's witnesses. I know we're saying the word witnesses a lot, but that's what it comes down to is four of these witnesses could come back and respond to, you know, either FTX intercircle members who are testifying on behalf of the DOJ. One of the potential witnesses that the defense can call forward is someone who can speak to the actual technical software underlying the, you know, FTX program, again, in response to DOJ witnesses. The judge did completely ban, for example, a British barrister who was supposed to explain the FTX terms of service as well as someone who was supposed to speak to kind of the crypto industry at large, saying that, you know, those witnesses and that proposed testimony seemed a bit too far afield from what the case would be about and could probably do more to confuse the jury than to clarify anything. And SPF's team also wanted to block a proposed government witness that was also denied. Who was that and why did the judge deny that motion? The DOJ proposed a University of Notre Dame professor to testify about some forensic analysis he did on FTX financials. The defense objected. They said that this witness would basically just reiterate the DOJ's claims, the allegations, but the DOJ argued that he was doing his own analysis of the data he had access to. And so it wouldn't just be stating the DOJ's claim. He would be providing his own expert insight based on his own work, you know, examining the databases that he had access to. And the judge agreed with that and said that based on what he'd saw and based on what the witness disclosure had provided, the witness was likely just speaking to his own expertise and looking at actual data as a third -party expert witness might do. And so those witnesses are allowed right now. We're still waiting on the full and final witness list, but we now know that there are probably at least a dozen witnesses that we're going to hear from over the next six weeks. And who are the ones that stick out to you on that list? I think the cooperating witnesses, so the FTX inner circle, that's former Alameda Research CEO Carolyn Ellison, former FTX director for engineering Nishat Singh and Gary Wang. I forget which one of them was the director of engineering. The other one was a fellow executive, but you know, these are the three individuals I think we're going to hear from probably first, maybe. Might hear from them as soon as next week, not certainly the week after. They're the ones who were in it, right? They were involved in this. They were part of FTX. They were part of the highs. I think we're going to probably hear from them, you know, how FTX might've fallen apart. I know from court filings, we know that DOJ wants to ask Carolyn Ellison about the FTT token and allegations that Sandbank and Freed was directly involved in trying to argue for Alameda to take a large sum of it and to potentially allegedly manipulate the price. So I think that testimony is going to be really interesting just because, again, it's the firsthand account of what happened. We're also probably going to see the defense try and discredit these witnesses to the extent possible, right? Straight out of the gate saying, well, you know, you weren't threatened with jail if you didn't testify in turn against your former boss. So I imagine we're just going to hear arguments like that from the defense during cross -examination, but either way, I think this is going to, you know, those are the three witnesses I think we're looking forward to most right now. And then once we're past that kind of initial surge of FTX insiders, that's when we'll get to kind of more, I don't because I don't think that is the right word for it, but, you know, people who are looking at it from kind of the, you know, again, forensic analysis perspective, people who are going to be able to kind of dig through and say, all right, well, you know, we've looked through the smoking remains and here's what we found. And I think that will also be interesting because it'll be really a third -party perspective on, you know, here's how this thing was set up and here's where things may have gone wrong or here's where things may have fallen apart. And getting a third -party perspective on that I think is going to be really fascinating because there'll be, I assume, a bit more objective about it than, you know, people who built it and worked on it maybe could be. One other kind of motion that happened this week that was pretty interesting or development, I should say, is that the judge did allow SPF's team to ask some of the witnesses about their drug use. What do you think will be the significance of that line of questioning? I think that goes back to, you know, a witness, cooperating FTX inner circle member saying, while we were at FTX, Sam directed us to manipulate FTT, whatever, you know, just speculating what someone could say. And the defense comes back and says, well, you know, are you sure that's what he said? Were you high at the time of these conversations or were you engaged in recreational drug use during the time you were running this company? You know, if I'm a member of the jury and I hear, okay, well, everyone was partying and on drugs and doing weird stuff or, you know, potentially, you know, in an altered state of mind, that might shape how I view the, you know, the defendant, the verdict, the whole case. So the judge did say that prior to making those, you know, kind of questions, the defense has to notify the prosecution and the judge about it. So it's not going to be a case of like they'll blindside the witnesses about this, but I imagine that's going to kind of go back to this effort to try and say like, okay, you know, Bankman Fried wasn't doing something wrong on his own or intentionally, it's just that things fell apart, but they were well -intentioned. The defense is going to attempt to, I think, pin some of the blame on legal advice that Bankman Fried received. How effective do you think that argument will be at trial? That's a really hard question to answer. I think the problem that the defense has is there's really no denying that FTX fell apart and it fell apart in like a very dramatic fashion, right? The day it filed for bankruptcy that evening, what, a couple hundred million dollars or tens of millions of dollars worth of crypto was stolen, I think. I forgot the exact amount, but you know, it was a pretty dramatic way to cap off what was already a chaotic week. So the problem the defense has is they can't say, well, FTX is fine. And so they're leaning on this advice of counsel defense. Their argument is going to be, you know, Bankman Fried was well -intentioned. He told his lawyers everything he wanted to do, and he did everything they told him to do. And so because it all fell apart, you can't really pin that on Bankman Fried. You have to look at the advice he was given and the information he was acting on. And so I guess part of the problem that the defense might have here is did they share or did Bankman Fried share everything he wanted to do with his attorneys? Did the attorneys have all the information and did he do exactly everything the way his attorneys told him to? And I don't know, you know, I'm sure we'll see answers to those questions over the next, you know, six weeks or so, but that seems to be kind of how that might play out. And it's going to be an interesting argument for sure. But again, I think it goes down to the central problem of FTX for sure collapsed and how you respond to that. One other issue is that the judge did rule that the prosecution could mention SPF's political donations. And there are charges specifically related to that that will be tried in a separate trial next year. So why were those allowed in this case? So this is where we get into what has become one of the new fun parts of being a court reporter in this case is Bahamas extradition treaties. So the original indictment that Bankman Fried was charged with back in December of 2022 did include campaign finance violations as one of the charges. But because it did not appear in the charging document that the Bahamas Police Department had, there's a Bahamas National Police, something like that, Bankman Fried's defense team successfully argued that they could not bring that charge right now because he had agreed to be extradited on the first seven charges, which were wire fraud and conspiracy to commit wire fraud and conspiracy to commit securities and bodies fraud, et cetera. So what it seems like is going to happen is the prosecution is going to try and fold all of that into all the political donation stuff into the other charges, into the wire fraud charges, and say, well, you know, we have the evidence, we have the allegations, and here's what you have to look at what that means for the next trial. And, you know, you're absolutely correct. There is another trial currently tentatively scheduled for either March or April 2024, next spring, either way, where we will be going through all of this again. But a lot of that is dependent on the Bahamas. And yeah, we could probably talk about that for another hour if you wanted to. All right. Well, we'll leave that for another episode. But one thing I did want to ask about is earlier in this interview, you said that his sentence was likely to be in the range of 10 to 20 years. And obviously, you know, there's many charges and we don't know which ones he'll be found guilty of and which ones he won't. But how are you coming up with that estimate? So yeah, I should definitely be more precise there. So I personally am not a lawyer or an expert in this. I have spoken to a number of lawyers about this. And what they said is, if you have a defendant who is found guilty, so these assumption here is that he is convicted on at least one of these charges. But if he's found guilty on even several of the charges, because all of the conduct is similar, because it's all kind of identical conduct at the core, a judge, when making a sentencing determination, will basically fold all the charges into each other, right? All the conduct. And so even though each of these charges, if you look at the DOJ, press release says, oh, it contains a maximum sentence of 20 years or five years, whatever. It's not going to be consecutive. It'll be concurrent. So the estimate I'm getting from various attorneys that I've spoken to over the past few weeks is probably be somewhere in the, you know, 10 to 20 year range. Some estimates came down as low as five years, some as many as 36 years. But they all seem to base that on just kind of the allegations, the charges themselves combined with the amount of money allegedly lost, which is more than 50 million, combined with the severity and all of that. Yeah. And so 50 million is sort of like some thresholds because I think it goes in levels of severity. Yeah. And the higher the number goes, the longer the sentence. However, that's the largest threshold, obviously. Yeah. I literally looked up the federal sentencing guidelines, which by the way, is a very confusing document. I did not understand it. So I asked someone else to explain it to me, but yeah, it's the different thresholds that you mentioned. And it starts with the, I think the thousands range and then just kind of escalates up and 50 million seems to have been the uppermost that they had. So it's 50 million plus. I think the allegation is something like 10 billion loss from FTX. So 10 billions, a hair more than 50 million. Just as many multiples. So that will probably be kind of the way they calculate it, probably. And again, this is dependent on if he's convicted on one or more charges and all sorts of stuff. Yeah. Okay. Well, we will have to see how all that plays out. Thank you so much for explaining all of this on Unchained. Thanks for having me again. Always great to talk to you. Yes. Same here. Don't forget next up is the weekly news recap today presented by veteran crypto reporter and Columbia University night budget fellow, Michael Del Castillo. Stick around for this week in crypto after this short break. Join over 80 million people using crypto .com. One of the easiest places to buy, trade and spend over 250 cryptocurrencies.
Ethereum Daily
A highlight from Holesky Testnet Goes Live
"Welcome to your Ethereum news roundup. Here's your latest for Thursday, September 28th, 2023. Ethereum developers successfully launch the Holsky Testnet, Python Network releases a 2 .0 whitepaper, Espresso Systems and Caldera launch Vienna, and VanEck prepares to launch its ETH ETF. All this and more starts right now. The Arbitrum on Gitcoin Grants Round is now live. If you'd like to support this podcast, please consider donating by visiting ethdaily .io forward slash gitcoin. Ethereum core developers successfully launched the Holsky Testnet, a proof -of -stake testnet set to replace Squirrely. The testnet achieved finality after the 10 initial epochs. Holsky was deployed with an active validator set of 1 .4 million validators and a testnet ETH supply of 1 .6 billion at Genesys. Holsky operates on Chain ID 17000. Holsky allows anyone to join as a public validator. The initial infrastructure includes a faucet from Quicknode alongside support on the Etherscan and Beacon Chain block explorers and an RPC endpoint from ethpandaops .io. Developers can use the testnet for staking and protocol development tests. Ethereum testnets usually have a five -year lifespan. The Pythe Data Association released the Pythe Network Whitepaper 2 .0, a paper that outlines a new cross -chain model for price delivery. The paper introduces a pull oracle architecture, the PytheNet appchain for price aggregation, and describes how update fees, rewards, and governance responsibilities will be managed. The whitepaper serves as a guide for transitioning Pythe Network's implementation and status into a permissionless stage. It aims to create a self -sustaining network, attract high -quality data publishers, and compensate them with consumer -generated fees. Pythe Network provides off -chain price feed oracles with data input from participants such as exchanges and market makers. Espresso Systems and Caldera co -deployed Vienna Network, an OP -stack chain integrated with the Espresso Sequencer. The new rollup was deployed on Espresso Systems' Cortado Testnet and is publicly available for all users on the testnet's public homepage. The release also includes a bridge UI, a testnet faucet, and a block explorer. The Cortado Testnet provides fast pre -conformations and allows users to submit transactions for both the OP -stack and Polygon -ZkEVM chains. Cortado also features a catch -up mechanism. Espresso Systems plans to integrate verifiable information dispersal and a peer -to -peer fallback network in a future release. And lastly, VanEck announced plans to launch the VanEck Ethereum Strategy ETF, coined as eFute. Rather than investing directly in ETH, eFute will invest in cash -settled ETH futures contracts on the Chicago Mercantile Exchange. eFute itself will be listed on the Chicago Board Options Exchange. The ETF is structured as a C -corp targeting long -term investors. The price of ETH rallied above $1 ,650 amid the ETF news and successful Holsky testnet launch. In other news, Optimism initiates the process of forming a security council, OP Labs outlines its dispute game design for the OP stack, and Coinbase receives regulatory approval for perpetual futures. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you tomorrow.
Coronavirus
A highlight from Holesky Testnet Goes Live
"Welcome to your Ethereum news roundup. Here's your latest for Thursday, September 28th, 2023. Ethereum developers successfully launch the Holsky Testnet, Python Network releases a 2 .0 whitepaper, Espresso Systems and Caldera launch Vienna, and VanEck prepares to launch its ETH ETF. All this and more starts right now. The Arbitrum on Gitcoin Grants Round is now live. If you'd like to support this podcast, please consider donating by visiting ethdaily .io forward slash gitcoin. Ethereum core developers successfully launched the Holsky Testnet, a proof -of -stake testnet set to replace Squirrely. The testnet achieved finality after the 10 initial epochs. Holsky was deployed with an active validator set of 1 .4 million validators and a testnet ETH supply of 1 .6 billion at Genesys. Holsky operates on Chain ID 17000. Holsky allows anyone to join as a public validator. The initial infrastructure includes a faucet from Quicknode alongside support on the Etherscan and Beacon Chain block explorers and an RPC endpoint from ethpandaops .io. Developers can use the testnet for staking and protocol development tests. Ethereum testnets usually have a five -year lifespan. The Pythe Data Association released the Pythe Network Whitepaper 2 .0, a paper that outlines a new cross -chain model for price delivery. The paper introduces a pull oracle architecture, the PytheNet appchain for price aggregation, and describes how update fees, rewards, and governance responsibilities will be managed. The whitepaper serves as a guide for transitioning Pythe Network's implementation and status into a permissionless stage. It aims to create a self -sustaining network, attract high -quality data publishers, and compensate them with consumer -generated fees. Pythe Network provides off -chain price feed oracles with data input from participants such as exchanges and market makers. Espresso Systems and Caldera co -deployed Vienna Network, an OP -stack chain integrated with the Espresso Sequencer. The new rollup was deployed on Espresso Systems' Cortado Testnet and is publicly available for all users on the testnet's public homepage. The release also includes a bridge UI, a testnet faucet, and a block explorer. The Cortado Testnet provides fast pre -conformations and allows users to submit transactions for both the OP -stack and Polygon -ZkEVM chains. Cortado also features a catch -up mechanism. Espresso Systems plans to integrate verifiable information dispersal and a peer -to -peer fallback network in a future release. And lastly, VanEck announced plans to launch the VanEck Ethereum Strategy ETF, coined as eFute. Rather than investing directly in ETH, eFute will invest in cash -settled ETH futures contracts on the Chicago Mercantile Exchange. eFute itself will be listed on the Chicago Board Options Exchange. The ETF is structured as a C -corp targeting long -term investors. The price of ETH rallied above $1 ,650 amid the ETF news and successful Holsky testnet launch. In other news, Optimism initiates the process of forming a security council, OP Labs outlines its dispute game design for the OP stack, and Coinbase receives regulatory approval for perpetual futures. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you tomorrow.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1415: Bitcoin Will Soon Hit $500,000 - Winklevoss Twins
"Welcome everybody to Crypto News Alerts, the number one daily Bitcoin pod. In today's show, I'll be breaking down the latest Bitcoin technical analysis as Bitcoin recaptures $27 ,000 and quoting Max Keiser, the high priest of Bitcoin, Bitcoin is the North Star guiding to the only safe haven asset in the world that protects against inflation, confiscation and censorship preach. Also in today's show, Ethereum futures ETFs can start trading as early as next week. According to top Bloomberg analysts, we'll also be discussing the SEC pushing back the deadline for spot Bitcoin ETF apps, definitely not a good look. And speaking of ETF apps, I'm also going to be sharing the five highlights of Gary Gensler's evasive testimony before Congress quoting Senator Warren Davidson. Gary Gensler's tenure at the SEC highlights two key problems. Number one, Gary Gensler's problem and number two, the SEC's structural problem. That's why I introduced the SEC Stabilization Act to fire Gary Gensler and restructure the SEC. Let's freaking go. Also in today's show, crypto analyst Michal van de Poppe predicts a very positive quarter four for 2023. I'll be sharing his targets in which he outlines. We're also going to be discussing the SEC's inaction on the spot Bitcoin ETF is a complete and utter disaster, according to the Winklevoss twins. And speaking of the Winklevoss twins, I'm also going to be sharing with you their $500 ,000 Bitcoin price prediction, which they say is coming soon. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again that's cryptonewsalerts .net. Welcome everyone. This is pod episode number 1415. I'm your host JV. Today is September 28, 2023 and Bitcoin is finally back above 27 ,000 as we're pumping right when I hit the live button. We're currently above 27 ,100 up over 300 % today and we continue climbing. Welcome everyone in the live chat. I gracefully appreciate y 'all. Yeah, who knows? Maybe we'll hit 28 ,000 by the time today's live stream is over. Let's see. And make sure to let me know where you're tuning in from in that live chat as I'll be giving everyone a shout out towards the end of the show. And with that being shared, fam, now let's dive into today's market watch. As you can see here, every major crypto back in the green. Bitcoin above 27 G's. We got Ether up three and a half percent trading at $1 ,655 BNB, XRP, Cardano, you name it. And checking out coinmarketcap .com, we're currently sitting above $1 .07 trillion with about $26 billion in volume in the past 24 hours, Bitcoin dominance at 49 .1 % and even the Ether dominance on the rise today at 18 .5 % and checking out the top 100 crypto gainers of the past 24 hours, holy moly, compound up 20 % trading under 49 bucks, followed by Thor chain up 13 % trading at $1 .94, followed by Lido Dow up 8 % trading at $1 .59 and checking out the top 100 crypto gainers of the past week, massive gains, which we love to see, especially after a pretty bearish altcoin season to say the least. We got CompLead in the pack here as well up 20 % and Rune up 13 .4 % and RLB up 13 % and checking out the crypto greed and fear index, we're currently rated a 46 in fear yesterday at 44 last week, a 47 and last month, a 39 in fear. So there you have it, fam. How many of you are currently bullish on Bitcoin and how many of you took advantage of the recent dip? If so, let me know. It's good to see we pump in once again. So hopefully those positions are now in the green. Now let's break down today's Bitcoin technical analysis, check out the charts and why specifically the market is pumping right now. Here we go. Let's get it. Bitcoin hit new weekly highs after the September 28th Wall Street open as markets awaited fresh cues from the US Federal Reserve. And here you can see in the Bitcoin one hour Campbell chart, pretty freaking bullish to say the least. Data from Cointelegraph and TradingView showed Bitcoin price strength staging a comeback, having delivered what some referred to as a classic pump and dump 24 hours prior during the performance. Bitcoin hit a high of 26 .8, which appeared on Bitstamp as a result of 2 % daily gains before Bitcoin retraced all of its progress, then a slower grind higher than took hold with the bulls edging closer to 27 ,000, which we finally just recaptured here a few moments ago. Now GDP for quarter two grew by 1 .7 % year on year below the projected 2%, while the PCE index data for August came in in line with the expectations, quoting analyst Keith Allen, bring on the volatility. Now meanwhile, data from Binance's order book uploaded by Allen showed little by way of resistance standing in the way of the spot price under the 27 ,000 mark. So as you can see, just more bullishness for the king crypto, the macro data constituted just the prelude of the day's main event. Meanwhile, Jerome Powell, the chairman of the Federal Reserve due to the comment later on today, Powell, whose recent words failed to deliver noticeable volatility to the crypto markets was due to speak at the Fed's conversation with the chairman, a teacher town hall meeting event in Washington DC at 4 p .m. Eastern today. Now commenting on the state of play on Bitcoin markets, popular trader Dan crypto trades was a little more optimistic around the strength of the day's move compared to yesterday, September 27th, quoting him here back to yesterday's highs, but with considerably less open interests. No doubt there is longs chase in here, but it is less frothy than it was yesterday. Would still like to see longs chill out and not get to a full retrace later on. So there you have it. Let me know if you agree or disagree with the analysts. Meanwhile, quoting another analyst, right, capital Bitcoin is right back at the bull market support band cluster of moving averages, challenging to break out beyond them. Let's freaking go. Now, elsewhere in the day's analysis, he acknowledged that 29 ,000 could make a reappearance and still form a part of a broader come down for BTC. As he shares here, it's important to remember the Bitcoin could technically rally even as high as 29 ,000 to form a new lower high, which would be phase A and B. He explained alongside this chart. So there you have it. Let me know if you are currently more bullish or bearish on the King crypto and quoting the high priest of Bitcoin, Max Kaiser, Bitcoin is the North star guiding to the only safe haven asset in the world that protects against inflation confiscation and censorship preach. Now welcome to y 'all just joining us in today's podcast. As always, I appreciate everyone's daily support and means the world. And now let's discuss our next story of the day as Bitcoin continues to pump, shall we? We're going to be discussing the Ethereum futures ETFs, which can get approval. They say potentially as early as next week. So let's break this one down, shall we? Ether futures ETFs could start trading for the first time in the United States as early as next week. According to top Bloomberg analysts on September 28th, which is today, Bloomberg intelligence analyst, James Safart said in an ex post, it was looking like the sec is going to let a bunch of Ethereum futures ETFs go next week. Potentially. His comments were in response to fellow ETF analyst, Eric Balchunes, who said he was hearing that the U S SCC wanted to accelerate the launch of Ethereum future ETFs quitting him here. They want it off their plate before the shutdown, he said, adding that he's heard various filers updates on their documents by Friday afternoon so they can start trading as early as Tuesday next week. As outlined here on X. Now the U S S government's expected to shut down at 1201 a .m. Eastern on October 1st. If Congress fails to agree on or provide funding for the new fiscal year, which is expected to impact the country's financial regulators amongst federal agencies. Now neither specified their sources for the latest update on the long list of crypto ETFs in the queue. There are currently 15 ether futures ETFs from nine issuers currently awaiting approval. According to the analysts in a September 27th note, which is yesterday, companies proposing an Ethereum futures or hybrid ETF product include VanEck pro shares, grayscale volatility shares bitwise direction, as well as round Hill. The analysts gave ether future ETFs a 90 % chance of launching in October with Valkyrie's ether exposure on October 3rd, quoting them here. We expect pure Ethereum futures ETFs to start trading the following week, thanks to volatility shares actions. However, we don't expect all of them to launch. So do note that now as previously reported that ether futures ETFs may be approved in October causing the 11 % spike in ether prices and probably why the Ethereum dominance is up as it's been stagnant and down for quite some time. Ether prices are on the gain, currently just under $1 ,700 and we'll see how high we continue to pump, but do note crypto future products aren't as hotly as anticipated as their spot based alternatives. There are already been Bitcoin futures ETFs approved in the United States since 2021, which is a fact, which leads us to the million dollar question. Why have they approved a futures ETFs, but continue to deny and delay all the spot ETFs? We're going to be getting to that a little later as I share with you the highlights from Congress pressing the chairman of the SEC, Gary Gensler. It's going to get very interesting here in a little bit, but now let's dive a little deeper and discuss specifically the spot Bitcoin ETFs and what is happening and why they're being pushed back and the latest updates of where we're currently at. So here we go and welcome y 'all just tuning in. Make sure to smash that like fam. The US SEC has delayed deciding whether to approve or disapprove spot Ether ETFs. And like I said, we're going to be getting in October potentially get some approvals, but in separate notices filed September 27th, the SEC said it would designate a longer period on whether to approve or disapprove these proposed changes. The commission finds it inappropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised there within. The delay came the same day as the NASDAQ market filed the proposed rule change with the SEC for listing its mix ETH basically ETF, a combination of Ether holdings and futures contracts and also proposed rule changes with the New York Stock Exchange, ARCA for the Grayscale Ethereum Futures Trust, hashtag Bitcoin Futures ETF and the CBOE BXE exchange for the Franklin Bitcoin ETF were all filed. September 27th, that's right. If you're not familiar with Franklin Templeton, there are one and a half trillion dollar asset manager. They're also applying for an ETF. Now the SEC announced September 26th, it would designate a longer period to decide on these spot ETF applications. And as James Safart shares here, here's VanEx delay as expected. So another one, I mean, exactly what we were expecting from the SEC. Now in August, ARK investment manager, founder and CEO Kathy Wood speculated that should the SEC move forward with the spot ETF approvals, it would allow multiple listings simultaneously to avoid giving any single company an advantage over another in the market. Her remarks came before Grayscale Investments won a court battle with the SEC over its spot Bitcoin ETF app, which will likely be reviewed in which they're trying to turn their GBTC product into a spot ETF. So hopefully it happens. To date, the SEC has never approved the spot crypto ETF in the United States, but has allowed the listing of crypto linked futures ETFs and a leveraged Bitcoin futures ETF. Manipulation, fam. The next deadlines for the spot crypto ETF apps from firms, which include the largest asset manager in the world, BlackRock, Wisdom Tree, Invesco, Galaxy, Valkyrie, Bitwise and Fidelity are all scheduled for October. So we'll see how this is likely to play out considering October is now only three days away. Are we going to get some ETF approvals by then? Who knows? I think more than likely they're going to push it back again. However, Congress right now is pressing Gary Gensler to approve a spot Bitcoin ETF and ETPs immediately. So now let's break this down. If you missed Gensler, he was pressed by Congress just yesterday. And I know it's on everyone's mind. So let's break down some of the highlights from this recent hearing with Congress and the chairman of the SEC, Gary Gensler. Let's break it down, shall we? Here we go. Blame for kneecapping capital markets in the U .S. and slam for dodging questions around Bitcoin and Pokemon cards. SEC chair Gensler appears to have had one hell of a grilling from Congress this week. September 27th, the U .S. SEC chief again found himself in front of lawmakers in a scheduled hearing to discuss his agency's oversight of the markets. Here are some of the highlights. First and foremost, you are the Tonya Harding of security regulations. We should create a Gary Gensler diss track, right? One of the more colorful analogies came from U .S. Representative Andy Barr, who accused Gensler of kneecapping the U .S. capital markets with regulatory red tape. Barr referred to the old testimony from Gensler where Gensler argued that the U .S. is the largest, most sophisticated and innovative capital market in the world and that shouldn't have been taken for granted as even gold medalists must keep training. With all due respect, Mr. Chairman, if the U .S. capital markets are gold medalists, you are the Tonya Harding of securities regulations. Ouch. You are kneecapping the U .S. capital markets with an avalanche of red tape coming out of your commission. Preach. Barr is presumably referring to a scandal where U .S. ice skater Tonya Harding, I'm sure you all remember the story, I was a kid when this happened, and an assailant to attack her rival Nancy Kerrigan in the lead up to the 94 U .S. Figure Skating Championships and Winter Olympics. Kerrigan ended up not competing in the U .S. Championships and here is John Dickens who shared it here. Mr. Barr to Gensler, it's hilarious, you gotta watch these clips for yourself if you haven't seen them. So the next highlight, I wish the Biden administration would say, you are fired. That's right, shout out to Warren Davidson who also ripped into Gensler saying he hoped that the Biden administration would fire him. Powerful words. Davidson accused Gensler of pushing a woke political and social agenda and abusing his role as the SEC chairman. Preach. Massive shout out to the senators here doing their job. Damn good job. The U .S. Representative added that he hopes that the SEC Stabilization Act he introduced with fellow representative Tom Emmer could make it happen. Quoting him here, you're making the case for this bill, which is the SEC Stabilization Act. Every day you're acting as a chairman, he concluded, and Gensler wasn't even given a chance to respond. Now next highlight, Gensler reiterates Bitcoin isn't a security. That's right. When asked by U .S. House Committee Financial Services Chair Patrick McHenry whether Bitcoin is a security, Gensler eventually relented stating the Bitcoin didn't meet the Howie test. Quoting him here, it does not meet the Howie test, which is the law of the land. Then McHenry suggested Bitcoin must be a commodity, which Gensler avoided answering. Mr. No Clarity Gary, hence how he got the nickname, saying the test for that is outside the scope of U .S. security laws. Mr. Gensler, we're living in a clown world with this guy. Henry also suggested that Gensler try to choke off the digital asset ecosystem facts and refuse to be transparent with Congress about the SEC's connections with the FTX and former CEO SBF facts. Gensler also wasn't given the chance to respond to the claims made by McHenry. Next highlight, are Pokemon trading card securities? Gensler says it depends. Can't make this stuff up. Quoting Representative Richie Torres, I cross -examine SEC Chair Gensler about the term investment contract, which is key to determining his authority over crypto. Gensler struggled to answer basic questions like whether an investment contract requires a contract. His evasions are defeating and damning. Suppose I was to purchase Pokemon card. Would you constitute a security for this transaction? Gensler responded, well, I don't know the context before eventually concluding it isn't a security if you purchased it in a store. And then Torres asked if I were to purchase a tokenized Pokemon card on a digital exchange via the blockchain. Is that then a transaction? And then Mr. No Clarity Gary said, I'd have to know more because I don't know anything. Yeah, you can't make this stuff up. Gensler then explained to it when it's investing the public can anticipate profits based upon the efforts of others. Then the core of the Howie test, which it is, Torres called Gensler's evasions as damning to say the least. And the next highlight, a sign of defiance. Meanwhile, amongst the back and forth cross examinations between Gensler and representatives, the eagle eyed observers noticed a Coinbase stand with crypto logo behind the SEC chairman. Isn't that interesting? The Coinbase led initiative is a 14 month long campaign that launched back in August aiming to push crypto legislation in the United States. Coinbase also ran a stand with crypto day, which took place in Washington, D .C. September 27th to advocate for better cryptocurrency innovation and policy. So again, shout out to Warren Davidson, Tom Emmer, all the senators for holding Gary Gensler accountable. Hopefully they do something about it. What's your thoughts, fam? Do you think Gary is likely to listen to them and follow their instructions and approve a Bitcoin ETF immediately? Or do you think he'll continue kicking the can down the road as long as possible until he leaves his position as the chairman of the SEC? Let me know your honest thoughts in the comments right down below. Now let's break down the latest prediction coming from crypto analyst Michael Vanay Pop for some price actions for Bitcoin for the fourth quarter, which we are currently in for 2023. Then we'll break down the latest from the Winklevoss twins and their five hundred thousand dollar Bitcoin price action as the price action of Bitcoin continues to pump, baby. Let's go. Here we go. Let's break this baby down. Crypto trader Michael Vanay Pop is expressing bullish sentiment on Bitcoin in the coming months. Despite the recent struggles in a new video, he says that Bitcoin is on the cusp of reaching levels that offer accumulation opportunities per inch. According to the analyst, the trader Bitcoin could subsequently start an uptrend. Ultimately, Bitcoin is into an area of consolidation here, which makes it very likely we're going to have to retest here at twenty five, six and twenty five eight. If we are having a recess in that region, then there is this zone where I want to start buying my entries because of the recess, which is the ultimate recess. And if we're not going to get that, the flip to twenty six thousand five hundred, that is going to be the area where I think I want to activate my positions as well. And then we can start targeting twenty eight thousand. And then we can also start targeting the higher numbers, thirty thousand dollars plus or even more in the projection of quarter four. That is going to be very positive overall. Let me know if you agree that we'll have an overall positive quarter as we about to enter October. Let's go. Vanay Pop also says Bitcoin's current price action is similar to what was witnessed in the prior pre halving year, quitting him again. As long as we stay above the 200 week exponential moving average, we most likely are going to continue to the upside. And it starts to be very comparable to the period that we witnessed in 2015 and 2016. In this case, we needed it, but we started to consolidate and start to trend up afterwards. It is very likely to this period to slowly but surely the price starts to crawl up. And then we are going to have a case of the upside in the markets overall. And to watch this video analysis, the analyst did check the show notes below the video in the description. It's entitled Bitcoin price. I am looking to buy. So there you have it. And let me know if you agree or disagree with the analysts and are you currently bullish on the King crypto or do you think we're going to dip and test the lower levels? Let me know your honest thoughts, fam. And now let's break down our next story of the day. And the Winklevoss twins on the spot, Bitcoin ETF continuously being basically denied and kicked back and pushed back for the past decade. And then we're going to dive into their half a million dollar Bitcoin price prediction and why they're so confident that the Bitcoin price is going to hit their big target. So here we go. Let's discuss them with the SEC first. This was a story which was, let's see when their tweet was actually, let's scroll down. This is Cameron Winklevoss. This was actually on July 1st, it got 1 .1 million views. Now let me read the tweet. Today marks 10 years since Tyler and I filed for the first spot Bitcoin ETF. That's right. Over a decade ago, the SEC governor's refusal to approve these products for a decade has been a complete and utter disaster for US investors and demonstrates how the SEC is a failed regulator. Here's why. They protected investors from the best performing asset of the last decade. They pushed investors into toxic products like the Grayscale Bitcoin Trust, GBTC, which trades at a massive discount to NAV and charges astronomical fees. They pushed spot Bitcoin activity offshore to unlicensed and unregulated venues. They pushed investors into the arms of FTX, subjecting them to one of the largest financial frauds in modern history. Preach. Maybe the SEC will reflect on its dismal record and instead of overstepping a statutory power and trying to act like a gatekeeper of economic life, it'll focus on fulfilling its mandate of investor protection, fostering fair and orderly markets and facilitating capital formation. This would have led to much better outcomes for US investors. Preach. In the meantime, best of luck to all those fighting the good fight to bring the US spot Bitcoin ETFs to life onwards. So much respect. I mean, 10 years of denying this ETF. I mean, you can't make this stuff up. I think they shared perfectly some of the reasoning. It's to hurt the investors and keep you poor and keep you wrecked and keep you desolate and dependent upon a broken government that threw us overboard so frickin long ago. So much respect to the Winklevoss twins. If you didn't know, they're the owners of the Gemini exchange and they were the very first ever to submit the spot Bitcoin ETF app to the SEC over a decade ago. And obviously they're sick and tired of Gary Gensler, his no clarity and his shenanigans. Just like the rest of us, it's time to fire Gensler. If you think Gensler should be investigated and potentially fired, let me know in the comments right down below and I'll be reading your comments out loud here in a little bit. Now for our breaking story of the day, let's discuss the Winklevoss twins and their case for a $500 ,000 Bitcoin price, which they believe is coming soon. So let's break this down, shall we? And welcome to y 'all just joining us in the live chat. Much love and much respect. So here we go. Winklevoss twins' prediction, Bitcoin will soon hit $500 ,000 per coin. And why? And again, shout out to Tyler and Cameron. Let's get, we already know their background, early Bitcoin investors, OGs, early investors as well with Facebook. Some claim that they're the real creators of Facebook and Zuckerberg stole it. But nonetheless, in a recent interview with the National News, the twins explained they remain convinced of the future of crypto. The main reason is the revolutionary and technical properties as well as the potential of Bitcoin to act as a store of value similar to gold. And in addition, crypto has many other advantages, mainly through programmability. Hence, the Winklevoss brothers believe that Bitcoin could even replace the precious metal. In the long term, Tyler Winklevoss shared the following. If you look at the properties that make gold valuable, Bitcoin matches each attribute or does better. The gold disruption story of Bitcoin is super powerful. We believe in it. Tyler Winklevoss explained his reasoning for the $500 ,000 Bitcoin price action, quitting him here. If you do the math, 21 million in the supply of Bitcoin, the market cap of gold, let's say it's 10 trillion, maybe it's 11 trillion, somewhere in that ballpark, that puts one Bitcoin if it disrupts gold and gets that market cap at $500 ,000 per coin. The two brothers did not want to give specific investment tips. However, Cameron reveals the strategy that they use, which is generally the simplest, which is simply HODL. Hold on for dear life, quitting him here. Generally speaking, if you subscribe to Bitcoin being a store of value type investment, then that strategy is HODL. The same way you would HODL gold is you buy and HODL long term investments. So according to the Winklevoss twins predicting the Bitcoin price will hit $500 ,000, they say predictions are difficult, but they believe that Bitcoin will hit the milestone within a decade. And when they were more recently interviewed and asked, where do you see Bitcoin in five years time? Here's what Cameron Winklevoss responded. We usually take a decade view on it. When we wrote a piece on the value that predicted it being $500 ,000 Bitcoin, we said within the decade. And I believe they wrote that in 2020. So they're basically saying by the year 2030, they're anticipating a $500 ,000 plus Bitcoin price with Bitcoin overtaking that of gold as far as the market cap. Now is that in three years from now or nine years? The timing part is hard, but I think the Bitcoin created $1 trillion worth of value in under a decade. That is fact. I believe back in November of 2021, Bitcoin's market cap surpassed a trillion dollar milestone and the total crypto market cap surpassed $3 trillion. But as of today, we're closer to a $500 billion Bitcoin market cap with the entire crypto market cap down to a trillion. Now, it also spawned many huge productions such as Ethereum and the entire asset class. He continues. If you look at the value increases in Bitcoin, it is this punctuated equilibrium where it is steady, steady, steady, and then boom, it reaches a new price level. This is the new normal. So it can happen very quickly. So there you have it, fam. Ultimately saying when Bitcoin takes off, it explodes quick and vast. And especially considering that two of the most bullish catalysts in Bitcoin history were on the cusp of. Six months away from a Bitcoin halving, we all know the Bitcoin cycles every four years, it drives the Bitcoin price up as it increases the scarcity as well as increase demand, basic stock to flow, numbers must go up. And we also have the approval of a Bitcoin ETF likely to take place in 2024, especially with Congress on Gensler's. But we also have the ETF experts such as Eric Balchunes given a 95 % chance probability that a spot Bitcoin ETF likely get approved in 2024. Those two catalysts will absolutely make Bitcoin rip to new all time highs entering price discovery mode like we have never seen before. So how high do you think the Bitcoin price will likely climb by the time of this next halving? Roughly six months out, scheduled to take place sometime in April of next year. Let me know your 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.
Markets Daily Crypto Roundup
"five year" Discussed on Markets Daily Crypto Roundup
"Meet the all-new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned, modular trading interface. So head to pro.kraken.com and trade like a pro. Not investment advice? Some crypto products and markets are unregulated. The unpredictable nature of the crypto assets market can lead to loss of funds and profits, maybe subject to capital gains tax. Everyone should wear 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 U.S. 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. I think TradeOps 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. I believe 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 TradeOps role is more glamorous than getting out of TradeOps, 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. I see the sell-side as 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 and 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 Nonsen, Massari, 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. I see the investor base as 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 assets 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 24-7th 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 trad-fi-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 assets 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. I'm Noelle Atchison for Coindesk. We're back tomorrow with more market news and insights.
CoinDesk Podcast Network
"five year" Discussed on CoinDesk Podcast Network
"Meet the all-new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned, modular trading interface. So head to pro.kraken.com and trade like a pro. Not investment advice? Some crypto products and markets are unregulated. The unpredictable nature of the crypto assets market can lead to loss of funds and profits, maybe subject to capital gains tax. Everyone should wear 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 U.S. 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. I think TradeOps 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. I believe 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 TradeOps role is more glamorous than getting out of TradeOps, 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. I see the sell-side as 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 and 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 Nonsen, Massari, 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. I see the investor base as 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 assets 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 24-7th 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 trad-fi-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 assets 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. I'm Noelle Atchison for Coindesk. We're back tomorrow with more market news and insights.
Markets Daily Crypto Roundup
"five year" Discussed on Markets Daily Crypto Roundup
"4. 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. 5. 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.
CoinDesk Podcast Network
"five year" Discussed on CoinDesk Podcast Network
"4. 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. 5. 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.
Markets Daily Crypto Roundup
"five year" Discussed on Markets Daily Crypto Roundup
"This episode of Markets Daily is sponsored by Kraken. Hello, this is Markets Daily from Coindesk. I'm Noa Latcheson here with your weekend story. On today's show, we're taking a look at how crypto fund management has changed over the past few years and how it is different from traditional fund management. Just a reminder, Coindesk is a news source and does not provide investment advice. Today's featured story is by Jeff Dorman, Chief Investment Officer at ARCA, titled What I Learned Managing a Crypto Fund for Five Years. Jeff Dorman, Chief Investment Officer at ARCA, says crypto funds still need to find a balance between adopting professional Wall Street practices and taking advantage of crypto's unique opportunities. I've been running a crypto fund for 1,825 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 24-sevenths 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. 1. 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 oft-inaccurate 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. 2. Interpretation over speed. Contrary to popular belief, just because crypto markets trade 24-sevenths globally does not necessitate 24-sevenths 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. 3. Careful documentation is crucial. On the flip side, the 24-7 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 ecosystem happened within three days, with continuous trading and new information flow over this 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.
CoinDesk Podcast Network
"five year" Discussed on CoinDesk Podcast Network
"This episode of Markets Daily is sponsored by Kraken. Hello, this is Markets Daily from Coindesk. I'm Noa Latcheson here with your weekend story. On today's show, we're taking a look at how crypto fund management has changed over the past few years and how it is different from traditional fund management. Just a reminder, Coindesk is a news source and does not provide investment advice. Today's featured story is by Jeff Dorman, Chief Investment Officer at ARCA, titled What I Learned Managing a Crypto Fund for Five Years. Jeff Dorman, Chief Investment Officer at ARCA, says crypto funds still need to find a balance between adopting professional Wall Street practices and taking advantage of crypto's unique opportunities. I've been running a crypto fund for 1,825 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 24-sevenths 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. 1. 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 oft-inaccurate 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. 2. Interpretation over speed. Contrary to popular belief, just because crypto markets trade 24-sevenths globally does not necessitate 24-sevenths 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. 3. Careful documentation is crucial. On the flip side, the 24-7 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 ecosystem happened within three days, with continuous trading and new information flow over this 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.
What's Good Games
"five year" Discussed on What's Good Games
"The gear that you get and the level design, just so much of the game was just so, so, so good that I just keep thinking about it going, gosh. If I could go back and play that game for the first time again, that would be a really amazing experience. And I always tell people who own a PlayStation. I was like, whether you own a PlayStation 4 or whether you own a PlayStation 5, if you have not played, God of War, the original, it's like a must play, because especially because it showcases what the hardware can do, so spectacularly. And it just looked so beautiful for the time and the generation that it came out. So good. And the sense of scale in that game. Oh my God. Everything's so big. You feel so small. It's about the fact that you're a God. Anyway, yeah. Yes. So God of War ragnarok, a firm spot on our list and very excited about it. Rihanna, yes. What is a game from your list that you would like to give a shout out to? So no particular order for the first game I will be talking about. I'm going to take a little bit of a different direction. This is squarely in the multiplayer category. There are maybe gods every once in a while depends on what licensing deals are currently active. But it's going to be Fortnite and specifically chapter three where we were introduced to zero build mode and I was finally able to actually compete in the game. For those who aren't aware, Fortnite is a game that actually started with great popularity in early access and they had a sort of tower defense survival mode, which originally was the game. They had a stroke of brilliance and creating this sort of battle Royale offshoot mode that obviously has now become the de facto battery all game for lots of people. And what I really, really love about Fortnite is how new it feels every time I play it, even though it's the exact same game. And I never expected to be a fortnight stand, but I am in proud of it and what's really cool is that especially from chapter two actually onward, chapter two being when they completely nuked the entire map, it became a single negative zone point in space for I think it was a couple of days straight. There were several accounts that were watching it consistently waiting for the whole world to reboot. It comes back and gives us this new remixed map. And now every chapter every season, there are different changes to the types of abilities you have in the game. The way health mechanics work in the game, the map itself, what the different theme is. So if you had recent themes like vibin, where everything's about being at a super vibey concert in the middle of the summer, we have seasons that are all about gravity and zombies and reality warping and shifting and now right now we have the season about the cyberpunk aesthetic and it's just always so inventive and creative and I don't know how they get the licensing deals that they get for this game because oh you know. I mean shit. Epic has go fuck yourself money. They do. They but also they have one of the largest active player bases in video games. And so when you have hundreds of millions of players every month that are coming to play your game, turns out brands are like, um, feels like we should put our brand in there and make some dollars off of that. It's like, where else are you going to see Thanos doing Megan Thee Stallion's dance? Fighting Goku. And now they have Aaron from a tackle and Titans in the game. There is no limit to what you could potentially see in Fortnite. And I find that so exciting and so fun. It's like ready player one realize, but at the same time, it's a very competent shooter. And what I really, really love about it is that I can go in and play by myself and actually place. I can go in with the team and go in with two people. I can go into three. And it gives you so many options. You can even do a mega mode where you have like sixers or ten people on your team. And there's always something for you to do. There are other games on our lists that are a little bit more limiting in the number of people who can enjoy it together. And one of my favorite things about video games is connecting with people. So Fortnite is definitely a must mention on my list. I don't think it's necessarily number one, but it may be my most played from the last 5 years. I'm glad you gave it a shout out. I don't follow the Fortnite, except for when you sharpen me in the Fortnite. But you did great. That one time. Thank you. It's all Vegeta. There's no denying the cultural impact that this game, this IP has had on society in a way I don't think we've seen in a very, very long time. And it's always fun to kind of get the updates from you. The other day, Jason was playing it in geralt. I was like, I forgot geralt is in this game. What does geralt do in running around dancing? I don't know, but there he is. Yeah. It's weird. And sometimes it does feel like it shouldn't make sense, but it's so irreverent that it does make sense. And they don't take themselves seriously and like you, Rihanna. I really didn't play a lot of Fortnite in the traditional battle Royale sense. As I talked about on the show way back when I was a big fan of the save the world mode, but I also fell off of that a long time ago, but when no build happened, you and the crew were like, hey, you should come check it out, and I was like, well, I know a lot of people that work on Fortnite. So why not? And it was so much fun to play and I love being able to jump in and even though I continue to spend V bucks on season passes that I never fill out. I never even get halfway through. The fun times had in the game are so great and the cosmetics just really make that experience sing. It's gorgeous. It is. Turns out when you make arguably the best engine in video games. And you make a game built on that engine. Your game is going to look good. I think we need to build an engine. I think it's super easy, right? Yeah. What's good? Oh, let's do it. I think it sounds like a great next project for you, Britney. Oh, okay. That's a good turn. I didn't like, so it never made. It's too smart for me, Brittany. I can't do it. I can't do it. Awesome. Well, let's keep trucking right along Brittany, you're up next. Resident Evil two remake. This came we all knew this was coming.
Money For the Rest of Us
"five year" Discussed on Money For the Rest of Us
"Investing on this podcast. For almost 9 years now. But some topics are just better explained in writing or with a chart. That's why we have a weekly email newsletter, the insider's guide. In that newsletter, I share charts, graphs, and other materials that can help you better understand investing.
Money For the Rest of Us
"five year" Discussed on Money For the Rest of Us
"Tariffs are taxes. Fees charged on imports and president Trump imposed tariffs on Chinese imports three days after he took office. Later he imposed tariffs on the import of steel and aluminum, not just from China but from U.S.'s other trading partners in North America and Europe. The Biden administration has maintained the Trump era tariffs on Chinese imports and also on steel and aluminum. The Biden administration has also taken action to further restrict China's access to technologies like high-tech computer chips and chip making equipment. What has been the impact of these tariffs? Well, they haven't stopped imports in first quarter 2017 when the tariffs were implemented. Total import into the U.S. for $3.2 trillion. As of earlier this year, total imports for $3.8 trillion in ports went up. Exports also went up, but not by as much in 2017 exports from the U.S. for $2.4 trillion and now they're $2.9 trillion because exports have grown less than imports the trade deficit has expanded and as I mentioned, it was 3.7% of GDP in the most recent four quarters through yearend 2022. When Trump took office, the trade deficit to GDP was 2.6%. Despite the tariffs, despite the trade war, the trade deficit has gotten larger. As a percent of the economy and definitely larger on an absolute basis. The overall U.S. trade deficit with China also increased. It went from 350 billion back in 2017 to 372 billion. Now, the Chinese imports haven't grown as much as other countries. So the goods deficit as a percent of total imports, the goods deficit with China was 50% of the U.S. goods trade deficit. Now it's 32% of the trade deficit. The tariffs did push some of the trade to other countries. Those other countries percent of total imports has increased while China's as decreased. The tariffs also raised prices. The U.S. international trade commission looked at this and released a report last month that showed that the full cost of the tariffs were reflected in higher import prices. In other words, exporters didn't eat the costs. They just added it to what they cost for the goods. The U.S. trade commission estimated that prices increased by about 1% for each 1% increase in the tariffs. They steal and aluminum tariffs did lead to a reduction in the amount of steel imports, imports of steel dropped 24% from 2018 to 2021. Aluminum imports fell 31%. There was more production. Of U.S. steel. That was up 1.9% from 2018 to 21. Aluminum production increased 3.6% over that period. But prices also increased because it was more expensive to produce steel and aluminum in the U.S.. Steel prices increased 2.4% in the U.S. and aluminum 1.6%. Overall, these tariffs reduced the imports from China by 13%. But even though there was more steel and aluminum produced in the U.S. and presumably more jobs, prices were higher. Cara Reynolds of American university looked at this, she estimates that these tariffs, which covered about 50% of U.S. consumer imports, cost the average household about a $160 per year. We paid more for goods, imported goods because of the tariffs. And the lowest income consumers, they paid the most. They paid 1.2% of their after-tax income to fight the trade war, while the wealthiest consumers only paid 0.8% of their after-tax income. Again, this is a study by Cara Reynolds. Other areas also saw volumes from China dropped. Semiconductors imports decreased 72%, footwear, imports decreased. But in that study, there was something I found fascinating. The imports of apparel, what's classified as cut and so apparel.
Life.Church with Craig Groeschel
"five year" Discussed on Life.Church with Craig Groeschel
"So God, we pray. That no matter what types of seeds we present in the past, you would give us the wisdom, the courage, the faithfulness to plant godly seeds today. As you're praying today at all of our churches, those of you who would say, I want to harvest of righteousness. I want to harvest a rice, and help me to plant the right seeds, help me to have the right habits today. If you want to pray that it's more important if you want to live that, would you lift up your hands right now just lift up your hands online just type it in the chat, God help me to plant the right seeds, got help me to plant the right seeds, father we just ask that in your presence, we thank you for your grace. We thank you for your forgiveness. God show us any area of our lives. Where our habits are taking us away from you. Give us the wisdom, God give us the give us the courage to admit it. To confess it. And to plant siege of righteousness, God based on who you want us to become, show us what one habit. You want us to start. What one habit you want us to stop, God help us to train to become who you want us to be. And God, we thank you for your laws of faithfulness that we know. We will reap what we saw. We want to sow righteously. More than we say, we want more righteousness. And we'll reap after we sell God, we know that we'll reap a harvest of righteousness when we don't give up. Gotta give us patience, give us endurance, give us courage. To do the right things, even when nobody's looking, maybe, especially when nobody's looking. That help us to plant seeds of righteousness for a life that would honor you. As you keep praying today, the greatest seed ever planted, the greatest gift was when God so loved the world. That he gave his one and only son, Jesus, who is Jesus. The perfect sinless son of God. Who became the innocent sacrifice for the forgiveness of our sins. When you look at your life, when you take an objective kind of honest look, you have to admit, you've done some things you're ashamed of embarrassed by, you feel guilty for scripture calls, those things sin, we're missing the mark of holiness, and all of us, every single one of us, we've all fallen short of God's standard, we've all send. Jesus, the only one who is without sin, the hide in our place. He was buried in God raised him from the dead, we could say that the seed was planted and now could create a harvest of righteous is because of his one life given your life could be changed forever wherever you're watching from no matter what you've done, no matter how bad your life has been when you call on his name. He forgives your sins. And he makes you brand new. And you trust him with your life and he will fill you with the power of his Holy Spirit and you become completely new wherever you are. Those of you who say, I need his grace. I need his forgiveness to dash step away from my old life. And by faith, I give my life to him. Today I trust him I surrender. Jesus, I give you my life when you do. He hears your prayers. He forgives your sins. He makes you brand new wherever you are. Those who say, yesterday, I call on him. I surrender my life. Jesus, I give you my life. It's your prayer lift your hands high right now. Although the place lift them up and say yes, praise God for you guys. Both of you there, oh my gosh, come on, somebody. Let's work with God. Others didn't do today. He said yes, most of you right here praised God for you saying yes, Jesus. Oh come on, we worship you God online. You can just type in the comment section. I'm surrendering my life to Jesus and surrender just typed out of the comment section. We're all going to plant a seed of faith today in this prayer pray heavenly father. Forgive all of my sins. Jesus saved me. Make me brand new. Fill me with your spirit. So I can know you. And serve you. With all of my life, help me to plant seeds of righteousness. To have a harvest that honors you. A life that brings you glory, my life is not my own. I give it all to you. Thank you for new life. You have all of mine in Jesus name I pray. Somebody worship God, somebody thank you for his race for his goodness for sound based for life in Christ, come on, search. Thank God today.
Life.Church with Craig Groeschel
"five year" Discussed on Life.Church with Craig Groeschel
"Who do you want to become? What type of person do you want to be? Why do you want to be that? I pray that you spend enough time in God's presence. That you know the who that he wants you to be. And it's not a selfish why, but it's a spiritual why? And so based on who you want to become, what habit? Do you need to start? And based on who you want to become, what one habit do you need to stop? And then we're not going to try to be better on a tribe. We don't know we're in training. We're in training. We're training our bodies for righteousness. We're training our minds to think on the word of God. Because what we plant, we will reap the way that we're living today will impact who you become. What you have, what kind of difference you can make, how you feel on the inside. How you impact people on the outside. So, are we successful? If we finally hit the goal 5 years from now, no, no, no, no, no, no, no, no, no, no, no. No. We don't have to wait till then. We don't judge the success of the day by the harvest that we reap, but by the seeds we sow. We're sowing righteousness for sowing righteousness for small. Consistent God honoring living added up over time. Equals a harvest of righteousness. Equals relationships that honor God. Equals a ministry and a legacy, something that you can be proud of. Equals financial strength and generosity. Equals a God honoring body. The best of what he gives us, honoring him with wise choices so we can live for his full glory and all that we do. Do not be deceived. God can not be mocked. You reap what you sow and you reap more than you so. And you reap after you saw so if you don't like what you're reaping, change what you're selling. And when you consistently and faithfully honor God with wise decisions and you let Jesus lead you and empower you to God honoring habits, your hard work, and your disciplines and your sacrifices and your faithfulness, they're not being wasted. They're being stored up. Think of it this way. Think of it like hot water. You start to put some heat on water. And what is the water do? The water warms up slowly. It warms up to 80°. And then a little more fire gets hotter and it warms up to a 140°. And it gets a little hotter. And it warms up to a 180°, and then it warms up to 200°, and then 204°, and then 202 111°. What do you have? Really hot water? But when it was up one more degrees to 212°, what do you have? You have a boiling, a hot bowl of water. What happens when you live faithfully for Jesus over time? The fire of God starts to burn within your soul. And one day you're burning one day you're on fire. One day, you're reaping a harvest of rice is and people will throw your wow, wow, wow. You are an overnight success. No. You want to overnight success? They look on or you just were lucky. You're born to the right. So you are lucky. Your faithful. You are consistent all the units. But they will never ever see. It's a never see you renewing your mind with righteousness. And they'll never see you overcoming self doubt and praying and praying and praying and fasting and seeking God and depending on him and when you're weak, depending on him and repairing of sin and falling down and getting back up again in the early mornings in the late nights and enduring criticism because when you start doing something good, all of a sudden people show up to tear you down and you do the right thing and you grind it out and you're faithful and you're persistent and you're consistently faithful in the small things. Because it's the things that no one else sees. That brings about the results everybody wants. You're planning seeds. You're planning seeds. And God is watering it. And over time, you reap a harvest. Of righteousness, I came to tell somebody, don't give up. Don't stop planting. Don't stop sewing. Don't stop believing. Don't stop renewing your mind. Don't stop turning back to God. Let us not become weary in doing good. For at the proper time, we will reap a harvest. If we do not, give up, it's not easy. It won't be overnight. But you will free a harvest of righteousness for the glory of God. If you do not give up, so have you ever stopped to think about what will your life be like 5 years from now? Because when you're born, you look like a mom and your dad. But when you die, you look like your habits. Do you like the direction that your habits are taking you? If you don't like what you're reaping, change what you're selling. The right seeds, the right habits, faithfully over time. And God's principles are true. You will. You will. You will. You will reap a harvest of righteousness. If you don't give up.
Life.Church with Craig Groeschel
"five year" Discussed on Life.Church with Craig Groeschel
"30 60 or even a hundred times as much as had been planted. One seed can reap a hundred times as much as was planted. You plan to see you get a tree and the tree creates fruits and the fruit has more seeds and you can plant the season the ground and you get more fruit from the trees because you reap more than you so. This is true in every area of life, you're nice to a lot of people and they're nice back. You walk in shooting the bird, people aren't nice back. It's true in your marriage. Amy multiplies. She is a multiplier. If I treat her with honor and cherish her and love her, she loves me back way better than I ever deserved. She multiplies. If I give her a hard time, she multiplies. And she gives me hell back because you read more than you so she's laughing louder than anybody. It's like she's sweet. Yes, she is sweet until I'm not, okay? And then you see how it goes. I'll illustrate it with a book. This is a book that one of the books that I have my kids read, I have three sons in law, and this is one of the books they read and training to take the hand of my daughter. It's a good book. It's called a compound effect by Darren hardy. In one sentence, this is kind of summarizes what he teaches in the book. He teaches that small, smart choices, plus consistency, plus time, equals a radical difference. I love this. Small, smart choices, plus consistency, plus time equals a radical difference. And he tells a story of someone in there that involves a 125 calories both ways. I'm going to tell that part of the story. And then I'm going to add my own spiritual twist to the story and bring you an illustration about the same guy with two different scenarios, same guy, two different scenarios. And we're going to start with inconsistency in church and consistency insurance. Scenario number one, the guys inconsistent in church goes win is convenient. He feels a little guilty about that and then he stays up late feeling a little guilty. He drinks a glass of wine every night. He adds a second glass of wine to his ritual. He's not close to God because he's been drifting and feeling guilty. And he slips back into looking at stuff that he shouldn't look at. He's inconsistent in it, compounds and the things that he's not. It's proud of. The other guy is consistent in church. He serving, he goes to bed early. He's really close to God. He doesn't slip back into porn because he's spiritually walking with God. He reads his Bible and he's moving the right direction. There is almost no noticeable difference. Between these two scenarios in the first week, you couldn't tell. A month, you can't tell. A few months you can barely tell. At month 27, there is a measurable difference. So I'm a little I'll tell you a subjective, one thing is absolutely objective. At 27 months, the guy who's been inconsistent, he added a glass of wine, which adds a 125 additional calories for 27 months that's a 117,000 more calories, and he will have gained 33 and a half pounds simply adding one glass of wine. He feels distant from God. He loses confidence. He struggles at work. He's overlooked for his promotion. He has more financial pressure at home. His wife says he's distant and not paying attention. He slips more into porn, which makes him more distant. His wife catches him looking at porn and he doesn't know what's going to happen in his life. And it all started with inconsistency. Take the second one who is consistent in church. He serving his closer to God than ever before, and he heard every single week of the series. The pallor to change. And the habit he took out of his life was drinking wine. Because it was unnecessary calories and didn't do anything, and it made his teeth kind of red. So he cut out a 125 calories a day, and over a 27 month period, he lost 33 and a half pounds. He was no longer trying to be close to God. He was in training to be close to God. He was promoted at work. He took the extra money and paid off debt. They started to be more generous. They got to go on a vacation. Their marriage was more intimate than ever before. They had a growing spiritual impact and it started with consistency in the things of God. Some of that is obviously subjective that I made up. The part about the weight is not 67 pounds difference on a 125 calories a day over a 27 month period. That alone explains the principle that it's not what you do occasionally that makes the difference. It's what you do consistently. It's small, consistent, habits done over time that equal either a positive result, or if you're planting the wrong kinds of seeds, it equals a negative result. If you don't like what you're reaping today, change what you're selling. Because the bottom line is, you reap what you saw. You reap more than you so. And number three, you reap after you so. You reap after. You reap in a different season. If you plant seasoned fall, you don't reap and fall. You reap and spring. And this is the very reason sometimes we get so discouraged. The reason sometimes we get so discouraged is because we don't see progress fast enough, right? You pray every day for 5 straight days, and at the end of 5 straight days, you don't feel really that much different spiritually. Where success or you go to the gym every day for two weeks and at the end of the gym for two weeks, you still can't run a whole mile. It was wrong to be doing the right thing. Or you're paying off your debt. And so you don't buy coffee all month long. And you save a $100 to put towards your debt, and now you don't own 30 $7500 on your college loan, you owe 37,400 dollars. And you're going to stay too long.
Life.Church with Craig Groeschel
"five year" Discussed on Life.Church with Craig Groeschel
"The flesh but to please the spirit from the spirit will reap eternal life. Paul said, let us not become weary in doing good for at the proper time, we will reap a harvest if we do not give up. Scripture says, do not be deceived. God can not be mocked. A very little translation is Dolby stupid. Paul's words are very, very strong. And he's a simply giving us essentially giving us two options. He says, if you're sowing to the flesh, in other words, if you have habits or a lifestyle that reflects your sinful nature from that, you will reap destruction. On the other hand, if you so seeds or habits of the spirit, you'll reap eternal life. Destruction and death or eternal life and godliness. If this seems heavy, it's because it is. Because it's true, you reap what you sow. Do you like the direction that your habits are taking you? Do you like the harvest that's coming because of the seeds that you're sewing? Let's review where we've been today. We're wrapping up the necessary the power to change. We'll go back to the very first week and we learned the very important principle that real and lasting change is it behavior modification. What is it? It's spiritual transformation. Type that in the comments section. It's spiritual, transformation. If you just change the behavior, but don't let God change the heart, the behavior will come back real and lasting change. It's not just us trying to change. It's spiritual transformation by the power of God. In the first week, we started with identity. Why do you do what you do? Primarily you do what you do because of what you think of you. We start with identity. And so we've been building week over week over week on the spiritual principles. The first week we started with your spiritual who, who is it that God is calling you to be, we start with identity if you want to change what you do, change how you think of you. Then we looked at our spiritual why. We don't just want to change because we want to be more wealthy or be healthier. We want to change because we want to honor God with the way that we live. We have a spiritual who. We have a spiritual why. Then we looked at our spiritual what, that's the habit, and we answer the question. Based on who you want to become, what one habit do you need to start? And we have the right habits that reinforces the godly identity that helps us to become more like Christ. We have the spiritual who, the spiritual wife, the spiritual what, then we had our spiritual what not. And that's the habits that we're going to remove. Based on who you want to become, what one habit do you need to stop to get out of your life something that is not God honoring. Last week we looked at the spiritual how, remember, how do we change? We're not trying. What are we doing? Help me out. We're in training. We're training for righteousness. We're not trying to be righteous. We train our bodies like an athlete to become who God call this to become. This week, we're going to add to it the spiritual impact to drive the final message home. How you live will determine who you become and over time, the seas that you're sewing today will bring about a harvest in the future. The habits you have today will shape who you become tomorrow is in the word of God is from galatian 6 and I'll call it the laws of sowing and reaping. Their laws, the laws are always true. There are established by God. It's like the law of gravity. If I fell off this platform, the law says I fall down. I'll never follow up. Whoop. I just fell off. You don't do that. These are laws that are always true, and I want to give you the three laws of sowing and reaping. Do you like the direction that your habits are taking you the first one is this? Number one, a lot number one. Is you reap what you saw? Let's say love. Number one, you reap what you saw. Number two, let's say it loud. You reap more than you saw. You don't just reap what you saw, but you more than you saw. Number three, when do you number three you reap after you so? Let's say we'll allow number one you reap what you sow, you rape more than you so you reap after you so let's break them down one by one. The first one we're going to talk about is this. You reap what you sow. If you sow a certain type of seed, you reap a certain type of a plant. If you plant an apple seed, you get an apple tree, you don't get grapes, right? Very obvious, but it's important to understand. You reap what you sow. In other words, if you plant godly habits, you'll reap godly outcomes. And the opposite is true as well. If you're living ungodly habits, you'll reap ungodly outcomes. In fact, scripture says it and Jose shepherd Tim verse 13, but you have planted what scripture says. You've planted wickedness and so what did you rape? You reaped evil. You reap what you saw. If you're habits are always bad, your harvest is not going to be good. If you're late to work every day and you got some half hearted attitude of I want to be promoted not doing anything and you got a bad attitude every day, you're not likely to be promoted. It's not because you weren't promoted all is because your habits didn't earn the attention of those around you. If you so seeds have lost all the time. And you look at porn and you objectify women and you wonder why you don't have intimacy in your marriage is not because your marriage isn't good is because you so bad season you're reaping a bad harvest. Same with physically. If you eat anything you want, and you never, ever exercise. And you drink a 6 pack of beer every weekend and wonder why you don't have a 6 pack here. This is not a punishment. It's a harvest. It's a result of what you planted. So if you reap what you sow, write this down. If you don't like what you're reaping, change what you're sewing. Oh, this is good. If you don't like what you're getting back, look at what you're planning in the ground. If you don't like hitting your relationships, look at the seeds you're sewing. If you don't like it financially, look at how you're living. If you don't like it spiritually, look at what you're doing, spiritually, if you don't like what you're reaping change what you're sewing. Principle number one is you reap what you sow. Principle number two is you reap more than you saw. Because when you sew, what does God do? Draw multiplies it. Got multiplies it. Scripture says it this way. Jesus said this in mark's gospel, chapter four verse 20. And the seed that fell on the good soil represents those who hear and accept God's word and produces a harvest of what and produce
Life.Church with Craig Groeschel
"five year" Discussed on Life.Church with Craig Groeschel
"I wonder if you've ever stopped to think about what your life will look like 5 years from now. You start just to think about, however, old you are now at 5 years to it and ask, what do you think your life is going to look like 5 years from now? I want to help you visualize I'm going to give you four different categories to think about and try to project for what your life might look like. We're going to start with spiritually, what were your life look like spiritually? We're going to ask, what will your life look like relationally? What will your life look like financially and what will you be like physically 5 years from now? Let's start with your spiritual life and what is the trajectory of your spiritual life saying about your future spiritual life. For some of you might say, based on what I'm doing now, 5 years from now, I'll probably be closer to God than I ever have been before. I'm going to know more of this word dwelling in my heart. I'm being directed by the spirit of God. My ministry, my impact is growing and I'm reaching more people and I'm becoming more like Jesus. 5 years from now, spiritually, I'll probably have the peak and it's going to go even higher. Or for some of you, you're kind of hitting this spiritually right now, getting the church is kind of difficult for you, some of the old sins are creeping back up and 5 years from now you might be not doing as well spiritually. You might have lost a little bit of faith. You might have fallen back into some old patterns. You might have become lukewarm. You might have even drifted from God. What do you think your life will look like? 5 years from now, spiritually. Let's talk about relationships. We'll start with your friends and then maybe talk about family. Friends 5 years from now, you're developing some great God honoring friendships. You're going to be stronger, you're sharpening one another. You've got rich friendships or maybe you don't really have very good friends and those you have or a bad influence on you. What will your friendships look like? If you're married, 5 years from now, based on where you are, you could be closer than you ever have been before. You could have a level of intimacy in your marriage that you didn't even know was possible. Or based on your trajectory, your continuing to struggle. Util trust your spouse. You may be fighting to stay married. Some of you 5 years from now, you will be divorced in your marriage, didn't make it. Where will you be relationally 5 years from now? Financially, some of you based on your trajectory, you're going to be debt free, baby, no more student loan, no more car payment, no more credit card payment. You've got financial margin. You've been you're able to be more generous than he ever happened before or others of you. You're going to continue on the same path. Still live paycheck to paycheck, maybe the debt will grow, maybe the financial pressure will grow. And you're going to find yourself worse off 5 years from now than you are right now. Physically, where will you be 5 years from now? The great news is, believe it or not, even though you're 5 years older, you actually can be stronger. You can be healthier. You can maybe become more energetic and more healthy than you've ever been before. Or 5 years from now, you may be more tired, more unhealthy and lacking in energy. Once you just stop for a moment and the big categories of life and ask yourself, where do you think you'll be 5 years from now? What do you think your life will look like? I'm going to tell you, for the most part, what it will look like. And I want to acknowledge that there are some external forces outside of our control. So we can never be completely accurate in our predictions, but for the most part, we can predict with a high degree of accuracy what your life will look like in 5 years. Why? Because the habits you have today will save who you become tomorrow. Let me say it again. The habits that you have today will shape who you become tomorrow. Somebody said that when you're born, you'll look like your parents. How many of you think you kind of look like your parents when you're born? When you're born, you look like your parents. When you die, you look like your habits. Right? Because the way you're living today shapes who you become tomorrow and you know it's true. Because who you are today for the most part is a reflection of the habits and the lifestyle you live 5 years ago have been pointing to the person that you become today. So, for the most part, with some exceptions based on external factors for the most part, the habits you have today will shape who you become tomorrow. The question I have for you is this, do you like the direction your habits are taking you? Do you like the trajectory of your life based on your current habits? Because intentions do not determine direction. No matter what you want, what you want doesn't determine what you become. Hope doesn't change your life alone, habits do, intentions don't determine direction your habits determine direction. So the title for today's message is you in 5 years and with that plus pray together father we asked that today your word would inspire faith and hope and the right habits to so seize of godliness into our lives that we could reap a harvest of righteousness to honor you. We pray God that you'll speak to us today and would be different in your presence and by the power of your word in Jesus name. We pray and everybody said, amen and amen. Let's look at the word of God and the word of God is living as active as powerful as convicting and is going to convict me and you today. Glacis chapter 6, the apostle Paul said this. He said, do not be deceived. Everybody say, don't be deceived. Type it in the comment section. If you're watching online, type I didn't do not be deceived. God can not be marked, or if I say God can not be marked. Don't be fooled, don't be deceived, God can not be marked a man reaps what he's so whoever sows to please their flesh that's our sinful nature, whoever's so as to please the flesh from the flesh will reap destruction. Whoever those souls to
Pop Culture Cosmos
"five year" Discussed on Pop Culture Cosmos
"Movies that hit or get oscar buzz within a report on it over the next few months but guys before we announce i wanted to go ahead and and essentially to especially you mr josh. Because five years friends five years since it's been so long i can't remember i can't even remember episode one now just feels like it's been going on forever. You still find it out there. It's so funny. Because i listen to it now and it's like night and day. I still going strong. Hopefully one of these days. We'll be back at a richard city games. You know doing doing the doing the podcast you know. I love that but woken harder. Check for you my friend. Now these days yet it'd be involving the next generation. Their friend right. Yeah well i mean a one could hope man. We'll see maybe one day we'll make it happen but the thanks everyone semester. Watching listening again. If you have any questions for us a you wanna talk cover of topic skirt. In pop culture up ultra gospels on facebook or any social media mukasey. Yahoo dot com a big. Thank you before we had on outscored. All the radio stations around the world that have carried us and that continued to carry us over fifty radio station strong. And it would be doing this without you and all the listeners who had over one hundred and thirty thousand downloads coop. So so i. I mean my gratitude to everyone apple for taking the time to listen to our wherever you go your podcast or your radio stations. Just cannot thank you enough for doing. So yep yeah thank you very much. It's been spent quite a ride like we're talking like his last episode. No you're gonna have to listen to us for a long time. So absolutely i got stuff for the king waiting to listen to you over the next couple of weeks. Yeah yeah and there'll be some exciting stuff coming out. I'm sure and just keep on listening. Well i gotta go hit the pool man and i gotta go to the beach lies. I'm really really itching to get out there big. I cannot think enough to stop by. Please stop by sooner than momentous occasion for us because anytime no problem. Thanks for having me. Thanks so much to sting in tune with us right here. The pop culture. Cosmo's if you have any questions for us. Pop culture.
QA Selling Online
"five year" Discussed on QA Selling Online
"So i have the morning five for shows. Where else do you want people to look for even find you can go to glen. Lend e. dot com on my website. It's got lakes to facebook instagram. All my socials. Its got links to all the videos. That i do the work that i do with car dealerships. All of that stuff is at glen. Lindy dot com. So we have those on the show notes. And i'm going to check out here on the morning five the book i saw. That doesn't have an audio version. I saw that some. it does beautiful again. I want to audio one. 'cause i lose my focus when i'm reading an on small letters. I lose my focus. Even i do to make edits you. So i i very much like an audible. I'll listen audible. And then if i love the book i'll go ahead and get it on paper and i'll reread it as i'm listening to the like not of the same time but i might have the audible in my car and book in hand. But that's the only way. I can't just sit and read a book like for long bridge. Time anymore doesn't work. That's so funny. Because i do that by the audible to listen and sometimes i buy the book just to have on the shelf. Brand new video led to against your podcasts. That have that feeling to that shirt so much easier grant. Thank you so much where we have to stay in touch now. I'm book right now. Awesome man i appreciate that. Thank you so much for having me on thanks to take..
QA Selling Online
"five year" Discussed on QA Selling Online
"Body when you're when you're when your body is prepared to wake up at knows when the alarm has said it's used to your patterns and so when you hit the snooze button you're sending yourself into another sleep cycle so it's really the biggest liar on the planet right. You think if. I snooze for ten more minutes. I'll get ten more minutes of sleep but really what happens. Is you send yourself into another sleeps like mostly cycles. Take two to three hours to complete. So you're gonna feel groggy for the next hour and a half to two and a half hours because of that extra ten minutes asleep whereas if you just get up when you ll arm goes off get out. You'll feel groggy for about four or five minutes. And then you're good is your body was prepared to wake up at that time so i found to really attack that and also i wanna let you know. Harvard did a study and biologically speaking. If you do an action sixty seven days straight on day sixty seven. It'll be easier to do it than to not do it on day. Sixty six. it's harder to do it than to not do it. So that's why a lot of people fall off is they'll try something for thirty days or they'll try something for forty forty days and then you know after six weeks working out they fall off or whatever it's because biologically it takes sixty seven days for that to be ingrained become easier to do than to not do so on the morning dot com talks about it. We challenge people do these five simple steps for sixty seven straight days in. Then it'll be easier to do it than to not do it. Changes your whole world. Thanks for that glenn. I'm i'm definitely try and because it makes sense 'cause there's some days they're rare that i have to wake up even before the alarm goes off right and i feel more energetic right there. That's i take this news. There is a mix our so that you know you didn't want to talk to people use. So that makes perfect sense in. There was another thing about the sixty seven days. There's a lot of people in many of. You are probably listening right now that you heard that it takes twenty one days to create a habit. Let's study was done almost a century ago when you we don't have the same attention span anymore. There's people that say that unions haven't attention attention span smaller than a goldfish or in. It is true even me personally. I know i was able to focus on things for long periods of time before and now it's so easy to get. There's all y'all no doubt hangs like you know something new you don't even realize it. Humans are chains and it does take sixty seven Made for some people take longer. I don't know it takes. It takes a while you know. And that's really what you need. You need a biological change. It's it's got. It's gotta change on a cellular level when things change on a cellular level than it's easier you to continue. That new patter perfect. So i have the morning five for shows. Where else do you want people to look for even find you can go to glen. Lend e..