36 Burst results for "K F 24 Hour"
HASHR8
We're Seeing Similarities to May of 2022
"We are recording this Friday morning. It is 9 30 mountain time. So it's what love and 30 Eastern Time. Bitcoin's price almost broke to $27,000 this morning. It's up around 5% in the 24 hours previously and is up about 30% this week in 56% year to date. That's obviously pretty amazing for everyone's bags. And it's also helping out hash price a little bit. I think we're over 7 sets with hash price. The thing that's interesting to me is transaction count, which or the fullness of the mem pool, if you will, is increasing the drastically we've seen two large increases in the mempool size since the beginning of the year. Once in February, when ordinals started really going, haywire, and then the last week would Bitcoin's price has been going up. Historically, we often see the men pool really fill up with transactions during a bull run when a lot of retail floods into the market and this current fullness of men pull is very similar to May of 2022, which is when we had the contagion in the explosion and Tara Luna. So another time for a lot of transactions on chain. Get a throw it over to you for your thoughts on all that. Filling up the increasing transaction fees good for minors, first of all, good for miners on both fronts, price going up and more transactions. So that's exciting. It seems the mental to me seems to be kind of driven again by ordinals inscriptions. This seems like there's like some deja and competition for the 500,000th inscription. And there's some like pre hefty size transactions and the pool right now, which definitely seemed like very similar to the ones we were seeing. So that's kind of unique and interesting there.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
Fresh update on "k f 24 hour" discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"JV and today is march 20th, 2023. Checking out the market watch, which you can see here on your screen. We've got Bitcoin uppa, about a half a percent for the day, trading above 27,700, Solana, up over 5%, trading at 23 bucks, while Ethereum, binance coin, Matic, and many of the alts are currently correcting. And in the red and checking out coin market cap dot com, as you can see right here on your screen, we're currently sitting just under $1.2 trillion as the total market cap with about 85 billion in volume at a past 24 hours. Bitcoin dominance on the rise at 46.2% with the ether dominance at 18.6% and checking out the top 100 crypto gainers in the past 24 hours. Let me actually reset this to get the latest boom. Okay, here we go. Checking out the top gainers in the past 24 hours. We've got nexo, up 11 and a half percent, trending under 73 cents, followed by a CFX up almost 8%, trading at 43 cents, followed by synthetics up over 7% trading at $3 than 11 cents below that. We have egl D, Solana, and followed by block stacks, and checking out the top 100 crypto gainers in the past week as you can see here. The majority of the alts are currently correcting and in the red, with a handful in the green, which includes CFX, EG, LD, Solana, CRO, and SNX, and checking out the crypto greed and fear index. We're rated the highest I have seen this in quite a minute, which is agreed at a 66. Yesterday was a 63 ingredient, and last week was a 49 neutral and last month, a 60 and greed, which is quite the opposite as the bulk of last year we were stuck in fear in extreme fear, so there you have it. How many of you are currently bullish on the king crypto? Let me know in the comments below. And now let's dive into what's happening on the charts. We'll do some technical analysis along with the 5 things to watch out for and the Bitcoin market this week. Number one, fed rate hike cycle in doubt. That's right, the macro event of the week is undeniably the march 22nd, fed decision on interest rate hikes, which is just two days away. The federal
AP News Radio
Russia attacks continue on various Ukraine fronts
"Ukraine's presidential office reports at least two civilians have been killed and 9 more wounded in Ukraine in the last 24 hour period. The next governor pavlo caire lenko says Russian forces shelled 13 Ukrainian controlled cities and villages in the area damaging a total of two schools and 40 buildings battles for the city of Baku continue keeps army is fighting Russia's Wagner group over the northern districts of the city, trying to avert attempts at encirclement in the neighboring new Hans region, the Russian armies trying to break through the Ukrainian defenses with the fighting at concentrated near the city of Crimea and a nearby village, while in the south the Russian forces shelled residential areas of curse in 13 times, damaging residential buildings and wounding one person. I'm Charles De Ledesma
America First with Sebastian Gorka Podcast
Kash Patel Discusses the China-Linked Payments to the Biden Family
"About the latest revelations on Monday and Tuesday from chairman coma, the investigations of corruption in the Biden family. We have this latest bombshell that in any other normal nation would literally bring down a government within 24 hours. That $3 million was sent from communist China to the Biden family partner who then divvied up the 3 million amongst Biden family members right after Biden had left The White House, and one of those family members is somebody who hasn't been discussed yet. The intimation is that it's the First Lady, I got to ask you, you're a realist. You're a fighter. You've been in the swamp fighting the deep state. This is incredible news, will there be any consequences? Not from the DoJ because they're controlled by Merrick Garland's FBI FBI Chris wray and Merrick Garland. So that's not happening. But what comer can do and what I think he's setting up to do is what we did in Russia gate is issue subpoenas for the documentation. They got the suspicious activity reports. Now they need to put those out unredacted for the American people to see in their entirety. That's neat. Let's get a little bit wonky, but most people don't know what is sorry. So explain the suspicious activity report. Why it exists how it functions and why the fact that Hunter Biden has literally hundreds of SARS connected to his bank account, why that's a big deal. Will you break that down as a form of terrorist prosecutor? Yeah. As a former prosecutor, look, fraud in the banking industry is really hard to detect. And the banks by law are mandated to flag any suspicious activity that crosses through their financial institutions. They are mandated to report that to the government. Now,
AP News Radio
Northeast digs out from winter storm, faces power outages
"Parts of New York and New England are digging out of a northeaster. Michael garvey of Pittsfield, Massachusetts, says he and a snow blower have become a familiar sight. This is the third time probably within 24 hours I've used my snowblower with all this snow. The snowstorm that began Monday night in lasted through Tuesday dumped as much as three feet of snow in some areas, peterborough, Massachusetts got 35 inches, there were tens of thousands of power outages in the region, and trekking site power outage dot U.S. says some 67,000 homes and businesses were still without electricity by Wednesday evening. I'm Donna water
The Hugh Hewitt Show: Highly Concentrated
Could Trump Be Worse the Second Time Around?
"It's not, it's a little more nuanced than that, but I do think you don't credit evangelicals generally with being smart about their vote. My whole view of the evangelical affair with Trump is that the relentless ascendancy of secularism drove evangelicals into his arm and that that election was really about the Supreme Court. And that evangelicals were quite smart to go with Trump after he published his list, and they ended up with justice, Gorsuch justice, Kavanaugh, and justice Amy Coney Barrett, and that was a good deal for evangelicals concerned about freedom of worship. Response I understand all that, I, you know, my perspective was at the time and remains that he was that Trump was pretty clear about his disregard for the constitution for history for sort of the architecture of our democracy. He made that pretty clear in his comments in different ways. And I think he proved that his words meant something when it came to January 6th. So I think, you know, sure, you got a Supreme Court that you like, and we came to a constitutional crisis where we came closer than I and many others would have liked to. Okay, tangent. Tangent, John. If Mike Pence had done the wrong thing and put aside the ballots, what do you think would have happened? It wasn't a constitutional crisis. It was a riot, and it was dangerous, and I hope they're all prosecuted who broke in, but I've had this argument with Liz Cheney. What do you think would happen if Mike Pence had bought it? Well, we don't know what would have happened. I think there's another scenario where they delay it where lawmakers are killed, where they can't get enough lawmakers to actually certify the election. And I think there was talk, I think, by general milley, of concerns about Trump, you know, declaring martial law or some excuse to take military control of the country. We don't have evidence that I think John Roberts would have gotten the court together and they would have declared count the votes in about 24 hours. Maybe not that long. And they would add a Nixon versus the United States 9 zero vote and we weren't close to a constitutional crisis. In fact, my biggest argument with you about your book is you don't actually have a lot of faith that evangelicals believe in the constitution and that there are concerns about the secularization of the society are overstated when in fact I spend a lot of time talking to the alliance defending freedom, they're out there every day combating anti Christian bigotry. I mean, it's real. I've been reporting on this since 1992. It's a constant, secularization, advance that has triggered a lot of the response that you deal with, although covenant life church is different. That's why I'm trying to, that's a very different part of the general evangelical world, isn't it? You know, in some respects, coming to life was not very political. It wasn't involved with things like alliance defending freedom. And you know, I have no problem with people doing those things in through the system that we have. But I think going back to the point about January 6th, were we at the point of a coup, we don't know the point my point is we were way too close for my comfort level and we're now at a point where the same guy is potentially going to be the Republican nominee again. And if he brought us that close last time, my concern is where do we go from here if he's president again?
America First with Sebastian Gorka Podcast
Rep. Troy Nehls Discusses the Explosive New J6 Footage
"Us about what we heard in the last 24 hours thanks to Tucker Carlson. Are we going to get to the bottom of what happened on January 6th? What Nancy Pelosi hid. And what can you do given the fact that Mitch McConnell has removed from you the power of the person until September with his outrageous omnibus bill. So what could people in Texas and across America expect? Will something change? Well, I applaud leader McCarthy for releasing the tapes of Tucker Carlson. That was a fantastic show last night. He showed that there was no insurrection on January 6th and he had the facts he had the proof to say so. So I hope that leader McCarthy working with Jim Jordan who is the chair of judiciary and with mister colmer over saint Gabriel form that we will have some conversations. We need to get Nancy Pelosi in front of our committee. We need to get the leadership of the capitol police, which in my humble opinion, through all of my research, could have prevented this from taking place, but they didn't. They've ignored, they completely ignored the intelligence. So we need to get these individuals in front of our committees and ask serious questions. And ray ep, ray F is a liar. He should have been thrown in jail. He should be in jail today.
AP News Radio
Wild beat Jets 4-2, extend points streak to 11 games
"After they were shot out by Calgary's Jacob markstrom at home Tuesday the wild got a fantastic performance for Marc Andre Florida to meet the jets just 24 hours later. The veteran turned aside 46 shots to stymie their division rival as Minnesota improved to 9 O one two in their last 11 games. Coach dean evason gave full credit to flurry for the victory. Our goaltender, you know, won the hockey game for us. Marcus foligno Frederick gaudreau and Ryan Hartman scored for the wild before mason Shaw iced it with an empty netter while Winnipeg slide continues. They have just two wins in their last 11 games. Christian O'Malley, Winnipeg.
The Bad Crypto Podcast
How to Get Your Crypto From Bankruptcy
"We've got a specialist today who's been a chief restructuring officer, helping companies in various industries. Now is the CEO of a company called exclaim dot com X claim dot com. They save your crypto is now in bankruptcy proceedings that you can trade your claim for cash. His name is Matt siddi. Nailed it. Matt, welcome to the bed crypto podcast. Thank you for having me. Excited to have the conversation. Yeah, so there's been a whole string of crypto exchanges or custodial services that have failed. I've named two of them, Voyager and Celsius. We also know that, of course, FTX screwed over a good many people and three arrows has got problems because of their exposure to some of these. What are some of the other ones that might be lesser known were people could have gotten hurt? Yeah, you named four of the big ones, but in December, BlockFi also filed for bankruptcy. And genesis in January. If we go further back, there were actually some other bankruptcies like Cred, nearly two years ago, but in the last 6 or 7 months is really when it exploded. And unfortunately, a lot of people got hurt by that. Luna, that was crazy. I mean, there was like a couple of months there that was like, boom, boom, boom, boom, boom. And I was like, uh oh, is this, is this the end of crypto? Is crypto gonna crash here? What's going on here? It was insane as you saw Bitcoin just sort of go down with the ship a little bit. Now it looks like it's rising up again, but man, what a ride that was, huh? You could actually plot on a timeline. These bankruptcy cases and the value of Bitcoin and watch the watch them fall off a cliff within 24 hours of a bankruptcy filing
The Breakdown
What the Silvergate Death Spiral Means for the Crypto Industry
"So today we're going to dig into not only why silvergate is crashing, but how it got to this point, and what its death spiral means for the industry. Let's start at the beginning. Silvergate bank is a medium sized crypto friendly bank based in California. For most of its 30 year history, silvergate was a tiny community bank focused on financing smaller real estate deals. It had only three branches and less than $1 billion in bank assets. In 2016, under the leadership of CEO Alan lane, the bank pivoted to providing banking services to crypto firms. Ben Reynolds silvergate president, who is hired to oversee this change in business strategy said, we need to deposit an Allen started seeing that companies like coinbase were getting kicked out of banks. So the idea was, if we can bank coinbase, we can find deposits. Allen went to the Federal Reserve and said we want to provide basic banking services to Bitcoin companies and they said okay. Over the next 6 years, silvergate downsized its existing business banking and real estate teams to lean heavily into crypto. In 2016, the bank had only 20 crypto clients, including paxos and bit fury, but this number grew to over 1000. This rapid expansion in dealing with the early crypto industry came with a large increase in compliance risk and overhead. According to anonymous sources speaking with Financial Times, silvergate had to hire twice as many compliance staff as comparable banks of its size. Waiting times for compliance checks on new customers ballooned out to 6 months. One of FT's sources said quote, when they got into it, crypto was this little new thing, and I think they didn't realize it would take off as fast as it did. So then they put all their chips in that direction, it ran away from them, it got very big very quickly. Now part of the reason that silvergate were able to achieve such a prominent position in the crypto ecosystem was the launch of their silvergate exchange network or sen in 2017. Said enabled crypto firms to immediately transfer U.S. dollars to other account holders at silvergate, 24 hours a day, every day of the year. Funds would be cleared near instantly and could be used immediately. While this feature might not have an obvious use case for the average retail trader, for large crypto funds this opened up the possibility of conducting arbitrage trades across exchanges at a much faster speed, while also allowing funds held on exchanges to be topped up after hours or on weekends.
AP News Radio
Presidential office: multiple Russian attacks across Ukraine
"The Ukraine's president's office reports at least 9 civilians have been killed and around 12 others wounded over the past 24 hours. Fierce fighting has continued in the eastern X province, with around 17 towns and villages, coming under intense Russian shelling, as well as back mud and other cities, the office says Schilling does not stop along the entire front line. Meanwhile, in the country's eastern Luhansk province, Ukrainian governor sir hi, says his military blew up a warehouse in Russian held khadka on the site of a factory where Russian forces were storing trucks packed with ammunition to the south, in kirsan province, there were deaths and injuries from 9 shilling attacks by Russian forces. I'm Charles De Ledesma
CoinDesk Podcast Network
Goerli Ether Surged Over the Weekend
"Testnet, goo airly. I like to call it testnet Gary because it just sounds kind of funnier. I don't know. Ether spikes to $1 60 cent as traders jump on opportunity meant for developers. See, there's an opportunity to make money everywhere in crypto. So GE pumped over $1 and 60 cents this weekend, rising from 7 cents last Friday, and it reached a market cap of 15 million, which is pretty impressive. Nearly a $1 million worth of GE was traded in the past 24 hours with 3.79 million total of GE in circulation and 1260 token holders at press time. But it has now dumped over 40%, which makes sense because that's kind of what traders do. They get in and get out. Galeri is a test net version of Ethereum for developers to simulate transactions, smart contracts, and test their code prior to deploying on mainnet. Well, since you are tech person, I think. Are you the tech savvy person of the show today? I'm going to toss it on the toss this over to you. We'll toss it over to you even though it's not a two. You were Christy. You guys want to fight for it? You got options today. That's a nice thing. I'll take it really quick. I can throw it over to Christy. Yeah, this is a funny story. And I think it kind of goes to the point that everything in crypto has a price. Most things in the world actually have a price we just don't think about it because there's not really a marketplace for them, right? So I'm going to ruin right now with a bunch of potted plants, not really a price that we think about for them. But they actually do have a price. We saw marketplace for them and go early was the same story, right? There wasn't really a marketplace for gorilla eth. If you wanted some, you'd go into a Discord channel, you'd ask a bot for some, and then it would send it to your eth address just as a faucet. This is a common thing in crypto, right? Going back in history, there was even Bitcoin faucets when Bitcoin basically had no price. Because there's no marketplace for it. Once these marketplaces start showing up, people start pricing things. And the same thing is happening with GE here, right? They put it on uniswap for the first time, and then it starts trading at a price. And people don't like that because it really is used just for developers. People use GE to test new applications. It's really the only purpose for getting it. And all of a sudden it has a price and people are comfortable with it. I've never really uncomfortable with this story yet, because I think it just makes sense. It's not ever going to have the price that eth does, because eth is where the action actually is, where people are actually putting applications on chain that are people are using for trading and finances and things like that. G is just for testing things around. So I think people got uncomfortable with it. But to me, it's not too big of a deal,
AP News Radio
Russia attacks in east Ukraine continue
"The Ukraine military says Russia's launched attacks with exploding drones in several regions of the country, the lasted late Sunday until Monday morning. Ukraine's general staff says its forces have shot down 11 out of 14 Iranian made shaheed drones, the key regional administration, adding that 9 shy heads were downed overnight around the capital, meanwhile, Ukraine's presidential office says with at least two civilians have been killed and 9 others wounded by Russian attacks during the past 24 hours intense fighting has continued around bakhmut of volatile in done X, where Ukrainian towns face relentless Russian shelling. Ukraine's governor there, pavlo krale encode, says Russia has actively used aircraft and heavy artillery to strike peaceful cities. I'm Charles De Ledesma
Coin Edition
DEX Volume on OP Network Rises Above 200M Over the Last 24 Hours
"10 a.m. Sunday, February 26th, 2023. DX volume on op network rises above 200 M over the last 24 hours. Coinbase recently announced that it will build its layer two on top of the optimism op network. The Twitter user, Patrick dynamo defied dynamo Patrick, tweeted this morning that OP's trading volume surged following the announcement. In the tweet the Twitter user added that decentralized exchanges DEX on the optimism network processed more than 200 million the post DEX volume on op network rises above 200 M over the last 24 hours appeared first on coin edition.
Coin Journal
Binance Coin price analysis BNB bulls need to strengthen above 300
"6 p.m. Sunday, February 26th, 2023. Biden's coin price analysis B and B bulls need to strengthen above 300. Binance coin price is around 304, just in the green over the 24 hour time frame. BNB recently rejected from the 340 resistance area. Bears could target 260 if they take control below the psychologically important 300 level. Most coins are flat as bulls find it difficult to get bears off their backs with the total the post violence coin price analysis B and B bulls need to strengthen above 300 appeared first on coin journal.
Coin Journal
Lido Dao price up 13 as staking flows rise ahead of Shanghai
"9 p.m. Sunday February 26th, 2023. Leto Dow price of 13 is staking flows rise ahead of Shanghai. Leto Dow LDL price was up more than 13 in the past 24 hours on Sunday at three 30 p.m. Eastern Time. LDL is gaining momentum after recovering from lows of 2.72 amid improved sentiment around the upcoming Ethereum upgrade Shanghai. LDL could see a strong move upward in mid gains for liquid staking solutions. Leto Dow price the post lido Dow price of 13 as staking flows rise ahead of Shanghai appeared first on coin journal.
InsideBitcoins
In a Bullish Market, Should You Be Optimistic About Optimism OP
"10 p.m. Sunday February 26th, 2023. In a bullish market, should you be optimistic about optimism op? In today's markets, optimism's price is 2.96. It's 24 hour trading volume is 1.17 B with a market cap of 6 19.01 M and a market dominance of 0.06.
The Officer Tatum Show
Project Veritas Loses Followers
"According to some of the information and this is probably the most recent information I have project veritas had 1.4 million subscribers. James O'Keefe had 1.1 million. A day later, project veritas had lost 200,000 people and James O'Keefe gained 200,000 people. In 24 hours, you have over 200,000 people unsubscribing, you are in trouble. I just want to put that in perspective as a person who does social media and have a big social media following. You are an incredible trouble. Because when he's social media followers leave, most of the people who are actively leaving on the people who are actively engaged, if you've got 1.4 million people, 1.4 million people are not actively engaged in your channel. Only about, I don't know, 10%. Maybe engaged in your channel a little bit more. When you lose more than 10% of your subscribers of your followers, then that means the majority of the people that are active are no longer going to be active anymore and your channel will begin to die.
CryptoSlate
NFT marketplace Blur.io burns 252 ETH to hit top of burn leaderboard
"6 p.m. Sunday February 19th, 2023. NFT marketplace blurred, I owe burns 252 ETH to hit top of burn leaderboard. NFT marketplace aggregator blurred IO has surpassed uniswap open sea and Ethereum transactions as the top ETH burner over the past 24 hours. The post NFT marketplace blurred, I owe burns 252 ETH to hit top of burn leaderboard appeared first on crypto slate.
Bankless
"k f 24 hour" Discussed on Bankless
"What she qualified for. So we're just burning a ton. So we know that. People think about this right now. I put a tweet out. I was like, oh, like eth is finally ultrasound and ooey wertheimer was like, not now, David. I'm sorry. I feel that way, David. This is the one nice shining light on the week O you are. A week of shit. Yeah, it depends. I just think it's okay. It's a paint jar to talk. All right, David, David thinks it's okay. I say give it some space. All right, so what about, I guess other crypto prices, anything else we should look at? We can go back to the FDA FTT token, but that's about it. Can I just look at market cap? We are 873 billion. So down from a trillion. Big time. I don't remember seeing it below 900 billion before. I think this might be lows on the market cap. Like this could be market cap lows. Yeah, significant goodness. Okay. What about regulatory David? Maybe that's why the thing we should have. We don't really know too much right now, because regulators are like, they're like the fed. They're lagging indicator, not a leading indicator. And so I was like, oh, sweet. The feds have finally showed up. Great. I just think the big meta question is, is SPF in legal trouble? Which we do not know. Okay, so sum this up for us, David. I think because we're going to close this up on your screen. Yeah. So what happened over the last 24 hours for people late to this or just to summarize? What's happened now? I mean, and by the way, at the beginning of this live stream, we're in a different place than we are now. It does look like binary definitively walked away from the deal. So I guess what are the implications? Where are we now? And what can we look for in the next 24 hours? I'm sure Sam and FTX are going to go and solicit other investment.
Bankless
"k f 24 hour" Discussed on Bankless
"The responsible players left were like, you know, of course, Gemini, they're doing fine, crack is doing fine. But the responsible is with deep pockets for coinbase, Brian Armstrong. But they weren't in acquisition mode. Binance and SPF. And binance and SPF were kind of the bailout kings, consolidating all of these things. And they looked pretty clean. Alameda looked like looked like the fund that didn't blow up, right? Exactly. Even in these chaotic market conditions, but it looks like maybe they did. And that was the start of SPF using depositor funds, training some FTT type tokens, the commingling kind of like continued there because he didn't want me to go under at that point in time. Right. Yeah, so this is why the price of FTT was so important to Alameda research. They were like, well, buy it all at $22. Guess what it's at right now, Ryan. I'm gonna look. All right, are we talking about FTT tokens? STT tokens. Okay, last time. $22. 5. Three, it's three ten on your chart. It's two $22 and a quarter on FTX. Look at this. Look at this drop. This is post, is this the market, this most recent candle here? Is this the market figuring out about that no one's coming to save FTT? Yeah. I mean, this is what the chat is saying right now. By the way, should I be using something other than coin gecko for life? Yes, you should. But I think I find it endearing that you're not a charter. Yeah. Okay, so back into the back into the Lucas to finish this thing off. The Alameda bailout likely put a dent on FTX is balance sheet to the point where it was no longer solvent. This would be fine if the price of FTT didn't collapse in a bank run would ensue. This is why Alameda tried to their best to protect FTT price. And then it does continue. And then here's where things get crazier. There's a chance the folks from binance knew about this arrangement between FTX and Alameda, an opportunity emerge. This is where we're kind of getting into the idea that CZ was a mastermind playing for each chess, which he, when he made his memo, was like, no, I'm not a 40 chess mastermind. I'm just a guy making deals. But if you believe that CZ is a 40 chest playing mastermind, you might be into this. So there's a chance that folks from binance knew about this arrangement between FTX and Alameda and opportunity emerged. As large holders of FTT, they could start deliberately tanking the market to force FTX to face a liquidity crunch, which is ultimately what happened in the last 48 hours. Long and behold, binance comes to FTX rescue, did CZ just walk out with one of his largest competitors at the expense of a relatively large FTT bag, which he was going to unwind anyways, huge if true. And so then all of this right is basically 24 hours later, 21 hours. Four hours ago, Lucas adds to the thread saying, evidence that supports this hypothesis keeps coming out. FTX U.S. president Brett Harrison steps down a day before the September 20th transfer of FTT tokens. And speculates that maybe he wasn't on board with a transaction that might look like outright fraud. Wow, okay, so I think the base of this theory checks out.
Bankless
"k f 24 hour" Discussed on Bankless
"So this is when we started the live stream yesterday, I kind of proposed this question as to why didn't Alameda research blow up like everyone else after the three arrows capital contagion. Like why were they different because that did kind of stick out? Why was FTX able to buy up everyone? While everyone else was bleeding. I mean, back in May, back in May. When we thought we flushed all the crap down the toilet and all the leverage and all the degen was kind of flushed out of the system and Bitcoin dropped to what? Definitely under 20 K, eth dropped to like triple digits 800. You would have thought Alameda would have gotten flushed out. In that whole process. Another degen hedge fund. Everyone got addicted to leverage in 2021. And so everyone that was on leverage Alameda was supposed to get fleshed out yet, Alameda didn't. Why didn't? Why didn't Halloween get flushed out? So again, this is just speculation, but this Lucas newsy guy. It throws in a very good thread of some on chain snooping that will go ahead and read out here. And he begins and says, I have found evidence that FTX might have provided a massive bailout for Alameda in Q two, which came which now came back to haunt them. 40 days ago, a hundred, 173 million FTT tokens worth over 4 billion USD became active on chain, and a rabbit hole appeared. And so this is the rabbit hole that Lucas goes down. That day, September 8th, over $8.6 billion of FTT was moved on chain. That was by far the largest daily move of FTT in tokens existence and one of the largest ERC 20 daily moves we've ever recorded at coin metrics. Oh, if this guy works at coin metrics, yeah, oh, he does. He did. He's a great snoop. Tweet three, I went through all the transfers that happened that day using coin metrics Atlas and ranked them. I found a peculiar transaction that interacted with a contract from the FTT ICO. This 2019 contract automatically released a 173 million FTT tokens from the tokens ICO address. The recipient of the $4.2 billion worth of FTT tokens was no one, but Alameda research. So what? Question mark. Alameda and FTX were intrinsically connected from day one and Alameda obviously participated in the FTX ICO. But what happened next was interesting. Alameda then sent the entire balance to the address of the deployer of the FTT ERC 20, which was controlled by someone at FTX. In other words, Alameda auto vested $4.2 billion of FTT just to immediately send it back to FTX. Here's what I think happened. Alameda as a conclusion of this. Alameda blew up in Q two along with three O's capital and others. It only survived because it was able to secure funding from FTX using the collateral of the 172 million FTT tokens that was guaranteed to vest four months later. Once vested all tokens were sent back as repayment. Remember, the FTT ICO contract vest automatically had FTX let Alameda implode in May, their collapse would have ensured the subsequent liquidation of all FTT tokens vested in September. It would have been terrible for FTX.
Bankless
"k f 24 hour" Discussed on Bankless
"To this, binance walks away from FTX deal. That was 5 minutes ago. According to according to, well, so maybe it's more than negotiation posturing here, David. Can we linger on that for just a second? Yeah. What would it mean? If binance walks away from this deal. I think we are assuming that binance is the most willing purchaser of FTX U.S.. As in deepest pockets and the deepest pockets, the most relevant company and if they are saying that they are walking away from the deal, that means FTX is such a toxic balance sheet that no one will touch it and whatever few remaining assets will be liquidated and the courts are going to determine who gets what and my God. If you have money in FTX, you are going to after years of court battles, you are going to be returned probably pennies on a dollar. Depending on how big the hole is in FTX, which again, we do not know. The so I think what this is implying is if CZ if binance walks away, then all FTX depositors have just been mashinsky. They've been Alex mashinsky, which of course is where Celsius is gone. I'm going to shoot from the hip here and say less than 15 cents on the dollar. So this is what's crazy about some of these crypto bank lending institution failings, right? Celsius, Alex mashinsky, that's going to bankruptcy court, people aren't getting their money back anytime soon. If they do, it'll be penny since on the dollars. After years of proceedings, another comparison is mount gox. You've been mashinsky, you've been mount gox with some of the crypto bank failures like BlockFi, for instance, there was a bailout for depositors. But David, guess who bailed them out? Tell me. Who bailed out BlockFi? You remember this? Oh, yeah. It was FCX. What do we do? Oh my God. Can you link the Wall Street Journal post in chat? Yeah, we need to get to the source on that. Look at this, David. As we're as we're kind of getting the source and confirming that a little bit further, there was a tweet from depression BTC.
Bankless
"k f 24 hour" Discussed on Bankless
"We did not master this or anything related to it. It was less than 24 hours ago the SPF called me. And before that, I had very little knowledge of the internal state of things at FTX. I could do some mental calculations with our revenues to guess theirs, but it would never be accurate. I was surprised when he wanted to talk. My first reaction was he wants to do an OTC deal, but here we are. To as a due diligence for the deal is ongoing, I want to remind everyone do not trade FTT tokens. If you have a bag, you have a bag, do not sell or buy. As soon as I finish the call with SPF yesterday, I asked our team to stop selling as an organization. Yes, we have a bag, but that's okay. More importantly, we need to hold ourselves to a higher standard than even banks. Three. Obviously, do not comment on the deal publicly or internally if you are not directly involved. Do not ask. We have a good team handling it. Things will play out. That's about the audit that they are binance's auditing FTX four. FTX going down is not good for anyone in the industry. Do not view it as a win for us. User confidence is severely shaken regulators will scrutinize exchanges even more. Licenses around the global get harder and people now think that we are the biggest and will attack us more. That's okay. We are used to being open and leaning into headwinds. In fact, we embrace scrutiny. We must significantly increase our transparency, proof of reserves, insurance funds, et cetera, a lot more to come in this area. We have a lot of tough work ahead of us, not to mention prices swinging wildly. 5 speaking of prices, as I've said many times over the years, ignore the prices. Let's keep our heads down and focus on building products people use. It has worked for us for years, and today is obviously no exception. And lastly, I want to say that I'm proud of each and every one of you for all of your hard work as a team. Thank you. We have so many challenges ahead. Let's continue to push ahead and help increase the freedom of money all around the world steadily and consistently. Ryan, what's your reaction to this memo? Look, I mean, people said it's transparent and I totally agree. I think it's extremely transparent. Yeah. But there is a side of true transparency shares everything, of course. And this is like selective transparency, which is interesting. So look, I think CZ is two strategy boss to like, he knows he's he knows exactly what he's doing. He's totally in command. So while this is a transparent, I'm sure this was a real internal memo. He also chose to share it very strategically. Everything. Everything he does is very intentional, yeah. Yes. So I will give it that context. So the question is, what is he saying? And why is he why is he saying it?
Bankless
"k f 24 hour" Discussed on Bankless
"Let us know. They want us to stop talking about our emotions. I think the entire crypto industry is saddened by this as well. Can you tap into that for a minute? I mean, a lot of people still have their funds on FTX and they don't know if they're going to get their money back. All right? Yeah, I actually chat. If you have funds on FTX, drop a message in the track, because I'd like to know if how many people watch that watch bank list, you also use FTX and lost money in FTX. Because now there are people offering, hey, I'm selling all of my, I'm willing to put an offer of my $1 million that I have in FTX at 70 cents on the dollar. We've seen tweets like this. So people are selling their FTX accounts for a discount for people that would like to take the gamble that somebody might pull through and make them whole. I'm saying like maybe 20% of the chat is saying yes, I have funds on FTX 80% maybe saying no. So thankfully, a lot of bankless listeners avoided that. But look, if you were among those who still have funds and FTX, okay? Let me just tell you, it's not, it didn't just happen to the people who are new in crypto. Yeah. I mean, David, do you see some of the people who are like, look, we got completely wrecked. Researchers. Researchers, Tom from Delphi. I think he just was giving his components from the blocks that he got his biggest day one loss of all time because he trusted FTX. Guys, right? Yeah. These are super smart, sophisticated individuals that I would not blame. That was a calculated choice. And honestly, no one saw this coming. No one saw this coming. Not at all. No one saw no one. Okay, so I think, look, here's the thing we have to protect ourselves against. I think we know the general principle of not your keys, not your coin. And that should be evident. So do you remember Andreas? I go back to the OGs. You remember Andreas antonopoulos. He's like, he's like an exchange, should be like a public bathroom. You get in, do your business. Get out. Right? That's how we should treat exchanges. And we didn't. Not us. I'm talking about like many in the industry didn't. Yeah. And had funds in FTX. But it's like, so I am also Tapping, I feel that a lot of people lost a lot of money. And the other piece here that saddens me is like, it is another David. It's another self inflicted wound. Okay? That's going to set us back. Just like Luna Terra, three areas capital. Self inflicted wounds like literally the shotgun and we're shooting ourselves in the foot. It's just, it didn't have to be like this. SPF is a genius.
Bankless
"k f 24 hour" Discussed on Bankless
"In Alameda, of course, is a completely different business model. It is a three arrows capital, highly risky. And of course, we saw what happened to three hours capital when completely bust back in, what does that May of this year? Yeah. And it looks like some of the funds were commingled. That's what we can infer from this data. A few other implications, I think. I was thinking about this yesterday at the close of yesterday. Reflecting on the day, one, SPF has been downgraded from billionaire to millionaire. David, there's a report that he lost 96% of his net worth. And I think continuing to drop. He's one of the richest people in the world. I mean, $22 billion was on Forbes list. They keep being made the cover reports. He is now downgraded two millionaire. I'm sure he's just going to be just fine except I'm also not sure about the legal implications of this. If this looks like something a bit more like fraud. Yeah, if it's one thing, first off, it's a millionaire. Here's a hundreds of millionaire. He's got a net worth of over 500 million. So I'm not like, he's doing the whole crying with cash on his eyes thing right now. Well, we'll see. We'll see. He might be doing that in jail. It doesn't really matter. Yeah, it doesn't matter how much money you have if you have to go to jail. But we'll talk about that later. This is a key implication. I mean, everyone looked up to this guy, Arthur Hayes, even as recently as this morning, called him a once in a generation trader. And he's been kind of gone, like reputation ruined. Second, FTX becomes a vassal of binance, seems like that is happening. They've already bent the knee, whether binance purchases FTX or not. We'll see. CZ, I think he's on track to become the richest person alive. Certainly. If this deal well, he's definitely up there to begin with. If this deal goes through, I don't think much new wealth goes as easy, but so much more power goes this easy. Power and then just think about like kind of next cycle once crypto is going to recover once it does, CZ will own this market from a banker perspective. It's just like CZ and brine Armstrong kind of standing. You can Brian. Coinbase gains the major legitimacy here. Big time. Game. Doing things right didn't have any assets on FTX. They come out looking squeaky, squeaky clean. And thank God we have them in the U.S. because you know the U.S. regulators are looking at crypto and being like, yeah, you say you guys aren't the wild west. Look what just happened. Exactly. And this is why I think. PA, Bill is dead, completely dead, and he was giving that a lot of credibility. And we've lost a lot of that credibility in D.C.. My conclusion is, after all of the events of this year, I felt like over the past 18 months, two years, this a lot of this market cycle, it's been kind of the era of finance Bros, almost. I mean, there's been a whole camp in crypto that has hasn't been here for the OG crypto values. And they've been completely wiped out through various capital, Luna, Celsius, taking a shortcuts, doing things on margin, algo stablecoins that clearly couldn't hold up to the true pressure and scrutiny of the market.
Bankless
"k f 24 hour" Discussed on Bankless
"So click the link in the show notes to join over 5 million users who are getting the most out of their crypto. As we are back, a 24 hours after the collapse of FTX is certainly looks like things have deteriorated things have collapsed. David, let's give folks a recap for those that didn't catch the episode yesterday. Now, I will say if you didn't catch the episode yesterday on the RSS feed in YouTube, there's a way to go check out David and I give a kind of a timeline of events that gets you all the way from early November up to November 8th. So you can hear what happened then. We're picking this story up the next 24 hours. And by the way, in that previous episode, we've got takes from Eric Voorhees, Brian Armstrong, dropped in and said hello, gave his takes. We also had Ryan selk weigh in on the regulatory front. But David catch us up with this recap. What has happened, what tweet are we looking at, what's happened, I guess in this whole course of events to get people up to speed. Yeah, so this is a tweet thread out of wassie lawyer, who I thought did a pretty damn good job of summarizing everything. But it starts the thread with the conclusion that out of all people all entities that FTX might have chosen to get a buyout from. They chose binance. And so there's already significance in that choice as well. Gives a recap and says, there were many options available to SPF, seek emergency debt financing, which it was reported that SPF did go and do to Wall Street seek new money investment or liquidate all their assets to buy time. Yeah, they chose to get emergency debt financing from binance. And so was the lawyer continues and goes to via seeking bankruptcy to protection to facilitate Sam has chosen to seek a bailout from binance. The very party that triggered the bank run in the first place. This is what we talked about yesterday. What we can gather from this is that FDX was indeed lending out customer funds to other parties because why else would a bank be a crypto bank be insolvent? Likely to Alameda. And this means that as wazi lawyer speculated earlier, FTX was working on a fractional reserve model, and it was not prepared to meet with the withdrawals from the run on the bank.
Bankless
"k f 24 hour" Discussed on Bankless
"Home. Both arbitrum one and nova leverage the security and decentralization of Ethereum and provide a builder experience that's intuitive, familiar, and fully EVM compatible. On arbitrum both builders and users will experience faster transaction speeds with significantly lower gas fees with arbors from recent migration to arbitrum nitro, it's also now ten times faster than before. Visit arbitrum dot IO, where you can join the community, dive into the developer docs, bridge your assets and start building your first app. With arbitrum experienced web three development, the way it was meant to be. Secure, fast, cheap, and friction free. The brave wallet is your secure multi train on ramp into web three, and it's built directly into the brave privacy browser. Gone are the days of managing multiple wallet extensions that put you at risk of fishing, spooks, and tracking. With the brave wallet, you can securely manage your crypto assets across more than a hundred different chains, including Ethereum, layer twos, Solana, and more. All without downloading risky extensions. The brave wallet is easy to set up and remove the headache of jumping between wallets and extensions. It's lightweight, but packed with great features, like built in token swaps, buying
Bankless
"k f 24 hour" Discussed on Bankless
"Felt a need to call this emergency episode. Down to live stream, part talk about it. Here we are again, round two. Are you feeling exhausted, David? Yeah, I'm pretty pretty exhausted. Yesterday, it was like exciting. Maybe dare I say fun. But then today is a little bit more, oh no, this is real. This is bad. This is something that we will have to get over as an industry. Not to get over this big ass hurdle. I think that's the theme. Is basically what are the consequences of people's actions? What is happening? What is the fallout going to be? And I think some themes for this episode yesterday was kind of like what happened. Now we're dealing with the fallout, the contagion, we're in damage control mode. And we're still trying to assess this. I mean, there's a lot of big questions people have. It seems to be there is a whole on FTX balance sheet. There was talk yesterday, the direction seemed to be a CZ would kind of ride, bring the cavalry in and save the day, save depositors, unsure if that's going to happen. We don't know how large the whole actually is. That's easy. That is the question. How big is the hole? And is the whole acceptably small enough for somebody to willingly take on the challenge to plug it? Absolutely. Is it worth it for CZ? Yeah, is it even salvageable? If that's the question, also another big question, which we didn't have an answer to yesterday. Now we have more clues, I think, David, was FTX playing with depositors money. Alameda FDX seems like these entities were somewhat tied at the hips and more so than we previously thought. Yeah. More so than definitely more so than it was appropriate, more so than we previous thought. Some of these details are coming to light. So we felt the need to give you all of those details. And just have a conversation with the community about this because prices are down bad. A lot of people still have funds frozen in FTX. So guys, this is the emergency live stream that you're tuning into right now. David and I are going to get into all of the details. But before we do, we want to thank the sponsors that made this episode possible. Arbitrum one is pioneering the world of secure Ethereum scalability and is continuing to accelerate the web three landscape. Hundreds of projects have already deployed on arbitrum one, producing flourishing
Past Gas
"k f 24 hour" Discussed on Past Gas
"Thank you very much. I love reading your mail on the air here. We're going to take you back on the drive. This is 95 5 the drive. Followed my co host at James pumphrey at Joji Weber followed me at Nolan Sykes. Those are all the same names across all social media platforms. Me and James are going by penis in the skunk now. Welcome back to penis in the skunk. That's a big old pile of hot piss. Wow, you're just ready for that. Province..
Past Gas
"k f 24 hour" Discussed on Past Gas
"See the Disney bundle dot com for details. From 2000 until 2010, Audi absolutely dominated the circuit in one 8 out of ten races. There's a couple really good documentaries on this team. And then in 2011, Audi won again, thanks to the first female race engineer to win the 24 hour race, Lena, gade. Gate hailed from the UK the daughter of Indian immigrants. When the age of 9, she became fascinated with engineering and around 12 became absolutely obsessed with Formula One racing. And to quote her what the machines could do. She studied engineering at the university in Manchester and graduated with a master of science degree in aerospace engineering in 1988. The only female student to graduate in the class of 100. Gate went to work for Jaguar for 6 and a half years while she worked part time on racing teams. In the formula BMW, a one Grand Prix and GT racing classes. By 2007, she was working for Audi sport team joest. And in 2011, her Audi R one 8 TDI driven by Andre, Lotterer, Benoit, and Marcel fassler won Le Mans. Like I said, there's a documentary on this year this race that follows the Audi team. And I've honestly watched it like 5 times. Oh, I want to check it out. It's so good. I forget what it's called. So good luck. I think it's on YouTube. Is this the one? Yeah, Audi made it themselves, right? Yeah. Yeah, I think I've seen this. Tommy says it's called truth in 24. Yes, that's it. Finally. Google. Oh, what it's called, Google it, Google a bird. Google that bird. Audi repeated their win in 2012 and later that year, gate was named the FIA world endurance being shipped man of the year. They. Kept the name. I don't see why we're changing it. We've been doing it for so long. It's gonna be a man next year. Why would we change the name? What are we gonna change it to booming of the air person of the year? No, we'll change it right back next year, be a big old waste of ink, won't it? We already made the trophy. It'll be a waste of it. Big old waste of ink isn't it? We're gonna make trophy look like a bird. But boy, you want us to make the trophy look like a secretary bird next. I was thinking, yeah? With pants, like a secretary. A big old bird. He's got big old boobs. On the bird. The bird answers the phone. He says, hello, welcome to the company. How can I direct coal? Would you like to talk to the bosses? Oh, he's not available. Squawk squawk. They do look like they're wearing pants. So no, we ain't going to change the name. She's the man of the year, just like everyone else. Now I'm going to go and eat some beans on a piece of bread. And you're not going to think it's weird. It's for brekkie. For breakfast. In a true sign of the times, many of the cars in the early 2000s have been shifting to more electrified drivetrains. It seems like Le Mans has returned to its roots as a race to promote technical innovation. And if you think these electric cars can't drive as well as the old gas guzzlers, well, you'd be wrong, okay? Sure, they're hybrids, but you're still wrong. Porsche won in 2015, 17. And in 2017, with its Porsche 9 one 9 hybrid, a car built with a two liter 90° V four mid mounted mono single turbocharged petrol engine that produces 500 horsepower and acts as a chassis load bearing member. What? Along with two separate energy recovery hybrid systems that act to recover thermal energy from the exhaust gases and convert kinetic energy into electrical energy under braking. It's very, very sick. And as of 2018, Toyota has also entered Le Mans with increasing success. There's also a group called mission H 24 with a goal of introducing a hydrogen electric class in 2024. We'll see how that pans out. Because it's 2022 right now. So is Lamar really the world's best 24 hour race. Well, that depends. If you're someone who likes watching the world's best drivers and engineers and teams raise someone the oldest, smoothest, most dangerous and exciting tracks in the world. Then yeah, Le Mans is the king. In addition to being just a plain old great sporting event, the innovations featured at Le Mans typically trickled down to our road cars. So watching the race is kind of like looking into a crystal ball of what kind of tech us normies will be able to drive one day. 250,000 spectators show up in person to party and watch the event. And in 2020, an estimated 14 million people tuned in to watch the 24 Hours of Le Mans virtual race since the actual race was rescheduled for September. That's a lot of people watching a stream of a virtual race. That's a ton of people watching a freaking video game. Yeah, that's a lot. Dude, we got to go to this thing. I want to go so bad. Let's book a flight, baby. You have to work on your French before we go over there. Okay, that's good. That's good enough. If anyone asks you to speak French, just say. Which means mind your own business, and then you can just put it off for a little bit longer. Just coast on that the whole trip. That guy only is only telling people to mind their own business. All right, thank you for listening to the show. We're going to get to some listener mail right now. James, can you read this? Hi, Nolan James and Joe. My name is Gavin. Oh, that's our producer Gavin wrote us a little family. Kevin, just slack us, man. Yeah, you know our phone numbers, you dork. My name is Gavin and I'm writing from Oregon. I've been listening and watching since Jeremiah's indestructible Tacoma video and learned so much from your videos. I just finished listening to the car gimmicks episode and was reminded of some of the features in the 1931 Pontiac model four O one fine 6 that me and my friend Brady own. It was used as a moonshine runner during the prohibition era. Some of the features include roll up blinds, a dome light, and handles that lock the doors from the inside by turning them. Up. I found this out when messing with the door after I thought the outside handle was broken. Thank you and keep making my Monday homework Sessions fun. Gavin. Thank you. Keep doing that homework, Gavin. Keep doing the homework, Gavin. Should be illegal. Thanks for 8 hours a day in school. They can't figure it out. Then you go home and you have to do more schooling. Our education system is deeply broke is deeply broken and I would argue purposely so by devious actors who want to make it more broken, so that people are less educated. Okay. So if you'd like to write in to the show, hit us up at past gas at donut media dot com..
Past Gas
"k f 24 hour" Discussed on Past Gas
"One and decided to debut their new 300 SLR in the 1955 world sportscar championship. The 300 SLR featured a body made of ultra lightweight magnesium alloy. It had inboard drum brakes and a large air brake behind the driver that could be raised to increase drag and thus down force. I think this Jaguar this was the first time the disc brakes had ever been used in competition. That's right, Joe. I think there's a Wheelhouse we talk about it, but that's pretty cool. As mentioned earlier, the cirque de Sartre was designed in the 20s. When cars could only reach speeds of 60 mph. But by 1955, the fastest cars were hitting speeds of over a 170. Oh my God. Yeah. And they just invented disc brakes. Yeah. Since it's opening, the circuit had been resurfaced and widened with two layout changes that made it a bit shorter. The pits and grandstands had been reconstructed, but there were no barriers between the pit lane and the racing line. With only a four foot bank between the track and spectators. There's also no designated deceleration lane for cars entering the pits. On top of that, the cars often had no seat belts since drivers believed it would be better to get thrown clear in a collision rather than being crushed in a burning car. It's so funny. Also back then they had the Le Mans start so like all the guys would line up out of their cars and then run to their car and start it and get out of there. So you don't want to waste all your time buckle it all kinds of safety devices. There's one guy that's just trying to tune the radio before he starts. Come on. Bluetooth connect. Where's my songs to listen to while vaping playlist? Where are my sunglasses? We'll get back to more past guests, but right now, a word from our sponsors. Big thanks to Valvoline for sponsoring this episode of past gas. Did you guys know that Valvoline was the first motor oil brand? Making it the original motor oil? Since its founding over a 150 years ago, Valvoline and its scientists have been innovating, creating reinventing formulas ever since. Those innovations include the first high mileage oil, the first racing oil and the first synthetic blend oil, we here at donut use Valvoline oil and all of our cars. I use it in my forerunner all the time. I really like Valvoline's extended protection full synthetic motor oil just because my 4Runner is kind of old. It needs extra protection, valve extended protection full synthetic is their newest formula and it offers ultimate protection designed to extend the life of your engine, you may not think you're a severe driver, but short trips towing extreme temperatures, turbocharged engines, heavy loads, all put a lot of extra pressure on your engine. Family and extended protection is ten times stronger against oil breakdown, meaning as oil ages, it gets thicker. This oil protects against that ten times better than industry standards. I use this oil in my engine. You should too. So if you're ready to protect your engine, go and get Valvoline oil, they're the best. Big thank you to the zebra for sponsoring this episode. In case you haven't heard, car and home insurance rates are going up this year. Make sure you're not paying more than you need to. Turn to the zebra. They can help you find the perfect insurance for your needs in just minutes. The zebra compares car in home quotes from every major insurance company side by side giving you all the facts you need to make the right decision. It's the fastest way to find the right coverage at the right price. All from a provider you can trust. In fact, the zebra saves people an average of $922 a year on car and home insurance combined. Plus, they do it all in just 5 minutes. The zebra is super easy to use. I've used it. All you got to do is go to the zebra dot com slash pass gas enter your zip code and bam. They're going to give you a lot of options. I did it. It's super easy to find affordable insurance. Save time and money in minutes. Show your sport for the show by going to the special URL. Again, that's the zebra dot com slash pass gas and get your free quote today. The zebra dot com slash past gas. Thank you very much. The zebra. Before the race, Mercedes Benz driver Pierre levee voiced his concern that the pit stop and grandstand area was dangerously narrow. Tragically is concerns went unheard. Just 35 laps into the 1955 Le Mans, the worst crash in motor sports history. Occurred. As he reached the pit stop section next to the grandstand, Jaguar driver, Mike hawthorn pulled right onto the track in front of Austin healey driver, Lance macklin. Macklin swerved directly into the path of lavey, who was trying to pass both the Jaguar and Austin healey. Lavey rear ended macklin's Austin healey, which launched his Mercedes SLR into the air and into the stands. The Mercedes exploded instantly killing levee as well as 83 spectators and injuring nearly a 180 more. And though there is much debate over who is to blame for the disaster. The official inquiry determined that the layout of the track was ultimately responsible. The 30 year old track was simply not designed for cars as fast as those involved in the incident. Despite this ruling, Mercedes Benz called back the rest of their team after the accident and retired from motor racing until 1987, the accident was a monumental turning point for safety and motor sport, and many new rules and regulations were added in the aftermath. That's so many people. The period of 1966 to 1980 is likely a recognizable era to car nerds. This was the golden era of racing. The 15 years saw quite a bit of change on the circuit de la motte, particularly when European dominance turned in 1966 would Ford kicked the Italian Goliath out of the top spot with their unforgettable GT 40. Not only was this the year that an American company won the European endurance race, but Ford managed to secure the entire podium, meaning the 6 time reigning champion was shut out completely. Of course I'm talking about Ferrari. The victory was at least partially fueled by spite after Enzo Ferrari publicly humiliated Henry Ford the second by pulling out of a 1963 deal, although Hank the deuce was a piece of and he changed the terms at the last minute. And Enzo, obviously backed out a deal. You're allowed to back out of the deal. Yeah. When Ferrari pulled out of Le Mans completely in 1973, many believed it was due to Ford's dominance, which continued for four years after the 1966 defeat. If you want more details on this fuel, like we said, we did a four part series on it early on in the podcast. I remember it is pretty good, but it might not be. Now I listen to it again and it's really funny. It's missing one little key element though. Yeah, there's no wink wink nation in there. As the dynamics of the race evolve, the cars became faster and more powerful, often to the dismay of safety conscious officials. The Porsche 9 17, the car that Steve McQueen drove in Le Mans. The movie was born out of one of the regulations put in place to reduce speeds in the race. Starting in 1968, Porsche decided to design and build 25 different versions of a whole new car with a 4.5 liter capacity for the sport category. They had one goal in mind, to win their first overall victory at the 24 Hours of Le Mans in 1970. It took only ten months to put together the Porsche 9 17, and by 1970, Porsche defeated 5 time winner Ford and won the legendary endurance race. Thanks to the Porsche 9 17, the company was able to win four times total throughout the 1970s. I love this car. This victory aligned with another rule change born from safety regulations up until 1970, Le Mans was known for the standing start. That's what we mentioned earlier. The drivers would line up on the left side of the track one behind the other, opposite their cars, and when the French flag was lowered, they would run sprint as fast as they could to their cars, start their engines and then go. You add like the element of how fast can you run up here? Yeah, which is not connected to your driving skill at all. At all. And you get in and you're just like winded. Well, this is a fun way of kicking off the race. It wasn't exactly the safest way to start 24 hours of driving. No. The rule change wasn't an overnight process, however. In 1968, Belgian Willie Maurice says forward GT 40s. Door flew open on the first Mulsanne straight as he tried to close it after standing start. Really crashed and suffered from severe head injuries that left him unconscious for two weeks. What? Oh my God. As a result of his injuries, the former Formula One driver was told he would never race again, and one year later in 1969, he died by suicide. No. No, man, that's really sad. During the 1969 start, three months before he passed, fellow Belgian Jackie X famously staged the one man protest on the standing start when he casually walked over to his car, took his time putting on his belt and began the race in last place. What makes that very cool is he won. Meanwhile, another driver, John Wolfe ran with the other drivers and flipped his car during the opening lap. And because he wasn't strapped in properly, he was killed. So it kind of proved his point. What's the point of it? If it doesn't, if he's going to come in first, this dude runs over to his car and dies, whatever. Yeah, in the next year, 1970, they changed the rule. But what a dumb idea? Well, I mean, it's a holdover from when they first started it. And ran over to your car and back then, I assume the cars didn't fire up immediately, like they did at this point. So right, yeah, it's like a holdover from when it was like a lot less serious. Yeah. Yeah. Exactly. I was like, okay, we have to gamify this a little bit because nobody's going to want to watch a car drive for 20, I mean, yeah. It's like if they had the NASCAR drivers at the coliseum last weekend, ride BMX bikes down the stairs and have to do a trick before getting into their car. It's like depending on how they qualified, they get they have to start at a different neighborhood in Los Angeles. And they have to drive to the coliseum and then find parking. And then go and start. Oh man. That's kind of present in a lot of different sports, especially the older ones. Where it's just been going on for so long that no one ever questions it. And then something tragic happens, and it's like, oh, we have to revisit this dumb thing. No one gets killed in baseball, but there's a bunch of stuff left over from 1870 where they've never changed it. There's that rule in baseball. It's hardly ever has to be enforced, but if you get like three errors in a row, you have to smoke 8 cigarettes. Yeah. Yeah, that's like a holdover from the Hank Aaron days. And for sure. In the audience wags their finger at you at the same get it. You dropped it no, no. Smoke. You dropped it no, no. Rarely ever happens because guys are so good now. They really get her, but sometimes happened in 2016. Yeah. And it was actually seen as a reward. Back then, because it's like, oh, this guy's obviously off his game. Yeah. 8 cigarettes. Yeah, he's playing three games today. It'll make him better. He's playing three games today. He's not even drunk yet. How long to go back to the Dodger game this year? You know there's a lot of them. I know there's not just the Dodger game. There's a 162 Dodger games this year. That's why fantasy baseball is like, I just feel like my idea of hell. It's so fun. In the 1980s, perhaps inspired by the 1979 energy crisis, a new class called group C was introduced. Placing emphasis on fuel efficiency. This period marked a return to the races original purpose as a showcase of innovation and forward thinking design. Car companies began to lean away from the gas guzzling heavy duty race car bodies towards slimmer, more lightweight designs. This trend is highlighted by the fact that Porsche won 8 out of ten races through the 80s. And at one point, 6 in a row, one of the most interesting wins occurred in 1980, when a private builder named Jean rondeau won in a car, he crafted himself, called the rondo M three 7 9 B this baby was a prototype born from an inner LM with a Ford Cosworth DFV engine, and it was the first time that a driver won with a car that bore his name. The DFV engine was like killer in that era. Yeah. Progress from the 80s until the 2000s was achieved beyond the car builds. Mercedes Benz returned to the grid. The company's first run at Le Mans since the 1955 crash. In 1991, Mazda became the first Japanese manufacturer to win with their 7 8 7 B oh, I love that one. Yeah, one of the best sounding cars ever. However, one of the biggest moments in Le Mans record books occurred in 1988 when WM Peugeot set a speed record that many believe will stand the test of time. Gerard welter, Peugeot's head of design and team boss of WM was a man well versed in endurance circuits. From 1976 until 1989, the WM GTP and group C prototypes raced at Le Mans were built with the goal to hit the highest possible speed down the Mulsanne straight. Before the circuit was interrupted by chicanes. While many thought that the speed was second to durability at Le Mans, Walter disagreed. Before the 1988 race, welter announced project 400 and claimed that his WM Peugeot P 88 would be the first car to hit 400 kilometers an hour at Le Mans. To be clear, he didn't care about winning the race. He just wanted to use the prestige of the event to draw attention to his car. Driven by a turbocharged Peugeot engine, the P 88 certainly had the power to reach 400 km/h. But his cars had an unhappy tendency to break down under pressure. An erase known for durability, the WM Peugeot P 88 reached a whopping 407 kilometers an hour or 253 mph. Down the Mulsanne straight. Just before issues with the car's turbocharger, cooling and electrical killed the car, just 59 miles into the more than three thousand mile race. But hey, welter got exactly what he wanted. His P 88 became the first car to break the 400 kilometer barrier at Le Mans. And in 1990, when the chicanes were added to slow speeds on the strait, this record was forever cemented in Le Mans history. You don't really need your turbocharger cooling system and electrical system anyways. I feel like he could have finished it if you wanted to. Dude, this thing just looks fast. Well, wow, that thing is sick. Do you think sick? Oh my God. Oh my God. I wish you guys could see this right now. I'm looking at it. Podcast viewers, this car is sad. It looks like a plane without wings and it looks like what's that really fast bird that dives a peregrine falcon? Yeah. Yeah. Oh my God, you guys, Google is bird. I think every week we should have a segment called Google a bird. We all Google a bird together. Look at it. Yeah, I got this week's one. Secretary bird, Google that bird. It's time for Google a bird. We do it right in the middle of the story. We don't wait till the end. Dude, this secretary bird looks like a secretary. With secretary pants and yeah, he's got secretary pants, got secretary hair. One of the top images is like to an article titled secretary bird world's sexiest bird. All right. Who wrote this? Secretary bird world sexiest bird from Africa is killer, but not just by its looks. What? What the hell is going on? All right, back to cars. Le Mans lost a bit of popularity in the 1990s with a number of auto manufacturers withdrawing. Most likely this was due to high production costs, but we'd like to believe it's because so many GT one and LMP cars kept back flipping. You heard that right, if you watch the 1999 Le Mans, you definitely remember Mercedes driver Peter dumb bricks insane crash on the way to Indianapolis corner where his CLR took flight flipped over in the air multiple times and landed in the Woods. The weirdest part, it happened to his teammate Mark Weber at the same spot during qualifying. This is like the most insane. You've definitely seen this GIF. Yeah. It's so crazy. These weren't the first cars to fully back flip at Le Mans. The year before at petit Le Mans, the Porsche 9 11 GT one crested a hill became airborne and backflipped before it landed on its rear. So how could this happen? Well, it has to do with the negative pitch angle of the top level sports racing cars of the era, in order to generate enough down force and thus increase cornering speeds, the front of the car is set to sit lower than the rear. The issue is that when a car like the 9 11 GT one, or the CLR, cresta hill, the pitch angle switches to be positive, creating a lifting force underneath the car in other words, once the front comes up and reached 2.4°, the down force of the rear was gone, a bunch of air went under there and basically it's like an airplane wing. Flip that boy around. Flip that boy around. How crazy would it be to back flip a car like that? What does that feel? Dude, you know like when you go over a hill and it belly feels weird. Tickle? Yeah. I bet it's like that to the extreme. Oh yeah, it's like the same feeling when you see a secretary bird. Yeah. What? What? We'll be right back with more of this story, but first, a word from our sponsors. 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Past Gas
"k f 24 hour" Discussed on Past Gas
"Obsessed with the 24 Hours of Le Mans. Steve McQueen starred in Le Mans, filmed during the race festivities in 1970. Anything that happened before or after just waiting. Paul Newman, an actor and philanthropist who had been a class winning amateur racing champion in his own right, entered in 1979 and placed second. Patrick Dempsey, co owns Dempsey proton, a team that's raised since 2013 and placed 5th in 2021. My life really started once I started racing. With the car, it's very clean on cut. Hollywood is not clear. It doesn't make any sense. And of course, who could forget the Oscar winning Ford verse Ferrari. A film about the 1966 rivalry between Ford and Ferrari on the track. At Le Mans. In the world. And we're gonna make history, too. At Le Mans. There's a fundamental reason for Hollywood's interest. Le Mans has an uncanny ability to craft a screen worthy story. One filled with heroes and underdogs, courageous men and women battling against the track, their opponent and themselves for a taste of glory. As the flagship race of the FAA's world endurance championship. The 24 Hours of Le Mans is one of the oldest and most prestigious motor races. Originally developed as a testing ground for technological developments, the race draws, drivers and teams from around the world. Desperate to test their mettle on a truly iconic course, set within a winding French Hamlet in northwest France. The history of the race is filled with innovation, mental fortitude, unbelievable stories and catastrophe. To understand Le Mans is to understand what makes motor sports so thrilling for drivers, spectators, and Hollywood executives alike. What makes Le Mans so special? Why is it often referred to as the most thrilling 24 hours in motor sports? Became the most exciting 24 hours in sports. Pastas podcast is the most important. Boom. Boom. There's an intro for you. Fellas. There's an intro for you, fellas, eat it up like a bunch of soup. It's slurp season baby. Where's all my childhood heads at? Yeah, so we're talking about endurance racing today. More specifically, Le Mans, as you probably know. Fellas, the Daytona 24 hours was a few weeks ago. What's your take on endurance racing? Do you guys have you guys ever watched it? When's the last time you watched all of the 24 Hours of Le Mans? Have you ever done it? I'll tell you what, I had a Daytona 24 hours on spring break and it was nuts. Yeah. I pooped my pants. No, I love Lamar is one of my favorite. It's probably my favorite race. I think it's awesome. I want to do a live stream where we watch 24 hours of them all. And it's definitely a thing that I want to experience in person at some point in my life. Oh, for sure. Hopefully sooner than later. Le Mans hit me up, Pusha, hit me up. Patrick Dempsey hit me up. Yeah. Come on, man. I like it endurance races. I can't say I've ever watched a huge chunk of them. I just watch highlights. But I loved one of my favorite memories of being a kid was playing the endurance races on Gran Turismo and just staying up for 12 hours without pause in it at all. That's pretty crazy. We should do a live stream of the race this year. It's fun. When there's a 24 hour race, your whole weekend becomes the event, right? So when I was watching the Daytona 24, I just had the TV on in the background. I wasn't watching it the whole time, but I would check in. See where my teams that I was rooting for. We're at. And it's just amazing how it works out like 24 hours. That seems like such a long time. You think the fields would become so spread out. But almost in every class, all the battles came down to the last lap with just tenths of seconds between the cars. It's just incredible. It's magical. And Le Mans is the most magical of them all. As we'll find out. Before I really kick things off, let's be clear. The history of Le Mans is fascinating with so many incredible stories we could easily do a ten part series on it. But instead, we're going to distill its massive history down into little bite sized morsels perfect for casual digestion. And for the hors d'oeuvres so to speak, let's get an overview of the legendary event beginning with the town, it's located in. The 24 Hours of Le Mans is aptly named after the tiny French town the track is located in. And when we say tiny, we mean that only about a 150,000 people live there year round, roughly the size of Dayton, Ohio. Shouts to Dayton, go bulldogs. Shouts to date and go bulldogs. The storybook beautiful Le Mans is made up both of the old town and more metropolitan new city. The old town is contained by Gallo Roman walls that were crafted in the late third century. And the new town is at least to our American standards. It's not that new. Just real quick to put that into perspective. We're now in the 21st century. Yeah, that's a lot of centuries ago. Hundreds of years, hundreds. If not thousands, 1.7 thousand. Wow. Damn. Wow. Wow. Wow. That much, huh? Wow. It makes you think, wow. Yeah, it really makes you think. Wow. The new town on the other hand is at least to our American standard. It's not that new. It's Romanesque and gothic buildings were first built in the 12th century. Wow. Until the mid 19th century, Le Mans was best known as a market for agricultural products of the region. But all that changed when the town began producing their very own motor cars. And we don't need to tell you that where there's motor cars, gentlemen? There's racing. That's right. There's racing. It's hard not to wax poetic about the sickest off. The road racing circuit just outside Le Mans that the race has taken place on since inception in 1923. The circuit desert is named after the river that passed the town and consists of a mix of private roads used exclusively for racing, as well as public ones. To many, the use of public roads is the secret sauce that makes Le Mans so special. At roughly 13.626 kilometers or 8.47 miles long. The track is so large that it can be sunny at one end and pouring rain on the other. At night, some turns that are dangerous in the daylight turned into a death trap at night as courageous drivers depend on a combination of skill and luck to get through to live. The Sartre is one of the last remnants of old school racing with a design that actively promotes overtaking, which is exciting as hell to spectators. Though it's been modified over the years to maximize safety for competitors, the circuit has remained largely the same. Designed for peak speed and spectacular dueling. The track itself is made up of several sections. The race begins at the Indianapolis named for the famous American brick yard at the indie motor speedway. Name so for the bricks underneath the tarmac of this section of the circuit. From there, a driver moves on to arnage, then to the Porsche curves before reaching four chicanes, a segment added in 1968 for pit safety reasons. From there, the Dunlop bridge arches over the track as the chicanes move into the totoro rouge. French for the red mound, the roux then becomes the oh my God. Wow. It's who not the air..
Acupuncture is my Life
"k f 24 hour" Discussed on Acupuncture is my Life
"A person can experience in death although less than five percent of individuals who contract this disease die from it. I mean you just really have to neglect it. just leave it untreated and after Wallet is imagine let's go. Let's go back to me constantly saying you know the see your primary care. Physician once a year sometimes in some cases twice in regular visits with an acupuncturist. I never speak in absolute terms. Nothing's absolutely it's not to save it. Oh my god you can never contract any of these disorders but think about it. Think about strengthening your immune system and it doesn't totally protect you from these disorders. But even let's even look at acute pancreatitis. He thinks you'll pick up right away. As a result of regular visits to acupunctures machine you physician once or twice a year. You'd be surprised. What a strong immune system can do what it can save you from how much you can protect albeit. Nothing's absolute that's why i'm constantly telling you how this well so do me a favor make acupuncture part of your life because acupunctures my life what's yours..
Acupuncture is my Life
"k f 24 hour" Discussed on Acupuncture is my Life
"Now another diseases. Enteroviruses d sixty eight now. This type of virus affects.
Nobody Told Me That! with Teresa Duncan
"k f 24 hour" Discussed on Nobody Told Me That! with Teresa Duncan
"What about patients who are angry so we have all had the patients that call on the phone and they're angry about maybe a bill or maybe they're in pain and they were told they weren't going to be paying whatever the scenario when a patient calls angry. Yes you have to deal with it immediately. But it's a problem because you're stuck. You're stuck what about times that you made a mistake and you had to accept that you were wrong. And you're beating yourself up about it. Okay so. I gave you some scenarios. But what i want to do is give you some advice for a few of these. Say you're having an argument with the upper management or the boss. Well i have always taught in coach that if you are going to come to your boss with a problem and it's going to be vice versa. If you're going to come to them with the problem it really should not be around you. Let me give you an example of exception if somebody's harassing you if somebody's being very rude to you. That of course is all about you. And that that i can understand but what i'm talking about is the performance of another employee or the fact that this new practice purchase is not working out. We need to keep ourselves in our emotions out of it because ultimately when you make it about their leadership style or year leadership style it becomes personal. What i would love for you to do is lead with the idea that we need to think about how it affects the practice. The think about this when you tell me that you don't like how sarah runs the morning. Huddle it's annoying. She talks a lot. I don't ever understand what she's talking about dc. I made it all about sarah. And i made it all about me. Think of it differently. I'd really like to talk about how the morning huddle is run. I don't feel. I'm getting enough information to work with the patients. Can we do this differently. What you are doing is tying it back to patient care. It all comes back to patient care not necessarily even the health of the practice because the health of the practice ties back to patient care. So i want you to if you're going to come to anybody with a critique or a concern don't make it about you make it about the impact to the practice in the impact on patient care so if jill is always late in the mornings and it's bugging you and you're talking to the boss and you're like you know what she needs to be fire. She does this all of the time. You're complaining about jail now and all that you're going to hear. Is you complaining about jill and you know in your personal life if you have two people that don't like each other and all they do is complain to each other. What happens over time when you start to hear them. Talk about it you go. Yeah yeah yeah in your mind. You're doing yeah. Yeah yeah yeah. You've heard it before it's going to go the same way. There's nothing new to add to it and that's why we can't make it personal. I'd rather you do is talk about the fact that when jill is lay it affects everything so i am having a hard time making sure that i can get my patients seated on time when i don't know what's what's on the schedule. The schedule's not clear. So i really need you to help me understand what i'm supposed to do with my first second third patients. I don't have anybody here to tell me this. And i'm really afraid. It's going to affect the patient. The other part of that is let's go with the morning. Muddle morning huddle issue because this is this comes up a lot either. Somebody doesn't contribute to the morning huddle or somebody is always late to the morning..