35 Burst results for "MT"
A highlight from 1410: Bitcoin Will Hit $10,000,000 Per Coin - Binance CEO CZ
"In today's show, I'll be breaking down the latest technical analysis. And also I'm going to be sharing with you a 48 ,700 Bitcoin price target, pre halving according to a top analyst. Also did you know it was exactly six years ago today, China tried and failed to ban Bitcoin for the second time and ever since the Bitcoin price action is up 600 % and the mining hash rate is back at all time highs. Also quitting Max Kaiser, Bukele has restored the human rights to 7 million Salvadorians that have been taken away by murderous runts, the British and American state, a 93 % approval rating tells the story of the most popular leader in the world. And now Bukele -nomics is being copied around the world as a blueprint for freedom and justice preach. Also in today's show, Mt. Gox repayments delayed yet again. Creditors are waiting on Bitcoin, Bitcoin cash and Yen payments until next year in 2024. We'll also be discussing, according to this latest report, Coinbase currently holds 5 % of the entire Bitcoin supply in existence. That's right. While Coinbase holds 25 billion in BTC, the exchange only owns around 200 million in Bitcoin and its wallets. We'll also be discussing the catalyst, which will catapult the Bitcoin price action. According to skybridge capitals, Anthony Scaramucci will also be discussing the latest with the Binance CEO CZ setting the record straight on $250 million loan claims. That's right. The US court had recently denied an inspection plea by the SEC. I'll be breaking down this latest FUD and speaking of CZ, the Binance CEO predicts the Bitcoin price will reach $10 million per coin. In fact, a couple of years back in an interview, he said, if all of the major institutions allocate 1 % Bitcoin, we're going to see 1000 X or more growth of the Bitcoin price. And if you run the math, 1000 times today's price action is 26 to $27 million per BTC. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo what's good crypto fam. This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at crypto news alerts .net. Again, that's crypto news alerts .net and welcome everyone just joining us. This is podcast episode number 1410. I'm your host JV and today is September 23rd, 2023. So welcome to another sat stacking Saturday. Let's kick it off with our market watch as we do here each and every day, seven days a week. We can see Bitcoin back in the green trading above 26 .6 and we also have ether back in the green trading at roughly $1 ,600. The market cap is sitting at 1 .06 trillion with roughly 17 billion in volume. In the past 24 hours, we've got Bitcoin dominance at 49 .1 % and the ether dominance at 18 .2 % as Bitcoin continues outpacing Ethereum and checking out the top 100 crypto gainers of the past 24 hours, we've got theta lead in the pack up 7 % trading just under 64 cents followed by rocket pool up 4 % trading at $21 .63, followed by chain link up 4 % trading at $7 .18 and checking out the top 100 crypto gainers of the past week, we have WeMix leading this pack up 15%. We have PLS up 8 .2 % and XRD up 11, I mean 7 .4 % and checking out the crypto greed and fear index, we're currently rated a 47, which is neutral. Yesterday was a 43 in fear, last week also a 43 and last month a 41 in fear. So there you have it. How many of you have been stacking M -Sats and taking advantage of the recent dip in dollar cost averaging? Let me know. And how many of you are anticipating Bitcoin price action to maybe dip a little further south before packing some new positions? Let me know how you feel with the current status. And also just quick reminder, we're almost at the end of September historically, September is the worst month out of the entire year for the Bitcoin price action, but it's always followed by up tober, which is historically one of the most bullish months for Bitcoin. So we only have another week until we get out of September. So we'll see how this is likely to play out. Let's break down today's Bitcoin technical analysis. Bitcoin failed to reclaim 27 ,000, though we came close. It stalled at 26 ,500 as of right now. Meanwhile, the altcoins are in no better shape with minor losses coming from most of the larger cap ones. With Chainlink, the only one with a notable price increase. So last week was expectedly less volatile, aside from the brief spike on Saturday that pushed Bitcoin then to the multi -day peak of 26 ,400. But after failing to continue upwards, Bitcoin retraced at 26 ,000 and spent the rest of the weekend there. Then Monday didn't start all that positively either, but finished the way. Bitcoin went on the offensive and soared above 27 ,000 for the first time in weeks, but then shortly dumped after. But the bulls kept the pressure on and pushed Bitcoin to a new 20 -day peak at 27 ,500 on Tuesday. The next few days were rather calm with Bitcoin maintaining 27 G's, even after the US Fed's decision to stop raising the interest rates. Yet Bitcoin's momentum disappeared by Friday as it fell to 26 ,400. It even tried to bounce off the end of the day, but failed and currently stands at 26 ,500. Its market cap is south of 520 billion, while its dominance over the alts still just inches shy of 49%. So there you have it. And as we mentioned a little earlier, the altcoins, a lot of them are also in the red with the exception of Chainlink, which seems to be outpacing the rest of the major alts. Now for a prediction from Titan of Crypto, here's what he shared on X. Bitcoin 48 ,700 before the halving rocket ship to the moon. You might want to bookmark this one. Fam, never in history the halving occurred without Bitcoin reaching the 78 .6 % Fibonacci retracement level. So first off, first cycle price reached this four months before the halving, and the second cycle it was two months before, and then on the third cycle it was 12 months before. The next halving is now roughly six months away. Bitcoin might reach the 78 .6 % Fibonacci level within this period as it currently lies at 48 ,700, but the million dollar question remains, will this time be different? So as we enter this fourth halving, let me know where you feel the Bitcoin price action is likely to hit before we have liftoff. I mean, obviously that would be a bullish scenario setting us up for a perfect price discovery in 2024 post halving. So I cannot wait. I hope the analyst is right. And if you didn't know, it was exactly six years ago. China tried and failed to ban Bitcoin for the second time because guess what? You can't ban Bitcoin. You can try. Good luck with that. And ever since the price action on the King Crypto is up 600 % and the mining hash rate continues to hit all time highs. And as you know, hash rate is a good indicator for the strength of the network, meaning the market cap is just north of only $500 billion. And as Max points out here, referring to Bukele, he has restored the human rights of 7 million Salvadorans that have been taken away by murderous runts. The British and American state, a 93 % approval rating tells the story, the most popular leader in the world. And now Bukele Nomics is being copied around the world as a blueprint for freedom and justice. Massive shout out to Najib Bukele and the people of El Salvador. Which country do you feel is likely to adopt Bitcoin as a legal tender next? Let me know your honest thoughts in the comments below. I feel it's going to be another Latin American country. I'd say a great candidate for that is Argentina, which has hundreds of millions of people. We have Javier Malay, the pro presidential candidate. There is a 70 % chance plus that he is elected as the president. And we already know the likelihood he could make Bitcoin a legal tender, especially being orange -pilled by Max Keiser, who is the senior Bitcoin advisor for President Bukele. As Max has already announced, he can't wait to touch down in Buenos Aires to orange pill Javier Malay. Then we also have Mexico. We have people like Ricardo Salinas, the third richest man in Mexico, very pro Bitcoin, claiming Bitcoin has been his best investment ever because, again, Max orange -pilled him back in 2014. Then we have Brazil and so many other countries that make Bitcoin a potential to become legal tender. And we all know that's going to be a game changer. And that's just another catalyst on top of the Bitcoin halving scheduled in six months in 2024, plus the approval of a spot Bitcoin ETF in the United States. So can you say fireworks lays ahead? Let's go. Now let's discuss the latest more bullish news, meaning Mt. Gox is going to be delaying these payments, which means no crypto is going to be dumped onto the open market anytime soon, which again is good for the hodlers. Check it out. Now we got Nobuaki, the Mt. Gox trustee in charge of the funds owed to the exchange creditors, updated the public on September 21st, two days ago, according to the trustee, because of the lengthy discussions with specific payment providers, he could not make the October 31st deadline. That was the initial deadline, fam. And because of this reason, the repayments will start next year. And so they say, quitting him here. Therefore, with the permission of the Tokyo district court, the rehabilitation trustee changed the deadline of the base repayment, the early lump sum repayment and the intermediate repayment from October 31st, 2023 Japan time to October 31st, 2024 Japan time, respectively. By the letter of the Kobashi details, the Mt. Gox creditors waited nine years for payments. Good Lord. Currently, they're owed one hundred and forty one thousand six hundred and eighty six BTC plus one hundred and forty two thousand eight hundred and forty six Bitcoin cash and sixty nine is that billion yen. Good Lord. I'd love to know what that equates to in dollars anyways, though the delay has been extended. The creditors who have completed their claims might receive the payment by year's end, quoting them again. Rehabilitation creditors who have provided the necessary info to the rehabilitation trustee will see the payments made in a sequence as early as the end of this year, according to the letter. However, this schedule could change. Kobashi also said that due to the high volume of inquiries regarding the process, the rehabilitation team might not respond promptly. Well, that doesn't sound so promising, but I guess it's a good sign that most of this cash is not going to be dumped off any time soon, as there's a lot of FUD that's always circulating. The Mt. Gox, you know, sell off is going to crash the entire market. I think that is very unlikely and is nothing more than FUD. And again, we're gearing up for the most bullish sentiment in the four year cyclical cycle amongst us in twenty twenty four. So versus being in fear, I would be very optimistic about what's to come for the king crypto and the crypto market as a whole. But what are your thoughts, fam? Let me know in the comments right down below. Now let's discuss the largest crypto exchange in the United States. Clearly, it is Coinbase. The CEO is Brian Armstrong. But did you know, according to this latest report, they currently control and own over five percent of the Bitcoin in circulation. That's pretty hefty. And let's break this one down. And how many of you have used the Coinbase crypto exchange before? Let me know in the comments below. Here we go. Blockchain intelligence platform ARKAM recently identified the crypto exchange Coinbase holds almost one million Bitcoin in its wallets like, whoa, the coins are worth more than twenty five billion dollars at the current prices. Now, according to ARKAM, the exchanges holdings amount to almost five percent of all the existing Bitcoin. ARKAM said Coinbase holds a total of nine hundred forty seven thousand seven hundred and fifty five BTC. And at the moment, Bitcoin circulating supply is around nineteen million four hundred ninety three thousand five hundred thirty seven, according to coin info on CoinGecko. And as ARKAM shared here on X, ARKAM now identified twenty five billion of Bitcoin's Coinbase reserves with one million, approximately Bitcoin on chain. This makes Coinbase the largest Bitcoin entity in the world on ARKAM, with almost five percent of all the Bitcoin in existence, almost as much as Satoshi Nakamoto. Crazy, right? Furthermore, ARKAM noted that it has tagged and identified thirty six million Bitcoin deposits and holding addresses used by the exchange. And according to ARKAM, Coinbase's largest cold wallet holds around ten thousand BTC. And based on the exchanges financial reports, the intelligence company believes that Coinbase has more Bitcoin than are yet labeled and could not be identified. And while Coinbase holds over twenty five billion worth of Bitcoin in its wallets, the exchange only owns around ten thousand of all the Bitcoin in which it holds, which is roughly two hundred million dollars, according to the recent data. Meanwhile, community members express varying reactions to the news about the amount of Bitcoin on the centralized exchange in which they hold. Some believe it's a sign to withdraw their Bitcoin from the exchanges, warning hodlers not to wait until the exchanges start to halt withdrawals. Others say that since there are legitimate concerns over cold wallets, there is no good way to store your assets. I'd like to chime in real quick. Obviously, if it's not your keys, it's not your coins. So while a custodian such as Coinbase can hold your crypto, you've got to also note that it's not yours. So if something were to happen, hypothetically, like we've seen with FTX and the collapse last year, then not your keys, not your coins, they don't belong to you at the end of the day. So you've got to start to weigh the risk reward with having a custodian such as Coinbase or a centralized exchange hold your coins versus taking the responsibility for yourself and learning how to self custody your own crypto and call storage such as with a Bitcoin cold wallet, such as a treasure. So I just wanted to point that out. There's no right or wrong way to hold your crypto. You've got to do what's in your best interest, of course. So, you know, I mean, just want to keep it real at the end of the day. So check it when it comes to Bitcoin ownership by companies, business intelligence for MicroStrategy still owns most Bitcoin. I believe it's over one hundred and fifty two thousand eight hundred BTC, to be exact, worth over four billion dollars at the time of this recording, making them the largest publicly traded company to have Bitcoin on their balance sheet. Now, another major company that controls over six hundred thousand BTC is Grayscale in their GBTC product, the Grayscale Bitcoin Trust, which they just recently had a lawsuit against the SEC with the plan to convert their trust into a spot Bitcoin ETF. So considering they already control the underlying asset in the sum of over six hundred thousand BTC makes them a pretty strong contender. Wouldn't you agree? Let me know your thoughts, fam. And now let's break down our next story of the day and discuss the Bitcoin price likely to catapult along with the altcoin to coin to SkyBridge Capital, Anthony Scaramucci. Let's break this down. Shout out to the Mooch, SkyBridge Capital founder Scaramucci is detailing how one catalyst could have a bullish impact on Bitcoin, as well as the alt. In an interview with the Wolf of Wall Street, Scott Melker Scaramucci says that a spot Bitcoin ETF could be approved in the first quarter of twenty twenty four, which seems to be a ninety five percent likelihood, according to top ETF analyst at Bloomberg, Eric Balchunes. So according to SkyBridge Capital founder, the approval of the spot Bitcoin ETF and the Bitcoin halving, which is expected to occur in April of twenty twenty four, could combine to ignite a crypto bull market. No, it's not. It could combine. It will combine. Just saying. Quitting him here as Wall Street or products on Wall Street are sold, they are not bought. And so there is going to be tens of thousands, if not one hundred thousand plus people at these Wall Street firms selling these products to their traditional investors. So people that are in Bitcoin understand the finite supply of Bitcoin, right? We all know there's a finite limited supply, 21 million, and they understand the nature and the quality the Bitcoin has. This will push Bitcoin up. Of course, it will have a dramatically positive effect on the altcoin market because it will lead to more capital into digital properties so people can think whatever they want. They can think short term about the near term volatility of Bitcoin. But these macro positive factors are overwhelming. And according to Scaramucci, the potential approval of a spot Bitcoin ETF filed by giant asset managers such as BlackRock, who controls over 10 trillion in assets under management and Fidelity, that controls over four and a half trillion in assets under management, can see Bitcoin increasing its market cap by roughly 24 times from the current level. We'll send it. Let's go quoting the Mooch here. It is important that now the largest asset manager in the world who started out with some level of skepticism related to digital assets and Bitcoin is now willing to adopt Bitcoin. I mean, I guess they mean BlackRock is willing to adopt Bitcoin, but even more important than that, they're willing to explain to their clients. I think BlackRock now has 13 trillion dollars in assets under management. So for them, seven trillion for Fidelity. While these numbers are higher than I even imagine, while their clients need exposure to digital property like Bitcoin. And so we have a five hundred billion dollar plus market for Bitcoin. So you and I know gold is at 12 trillion ish, depending on where it's trading. But yes, 12 trillion. There is no reason why Bitcoin couldn't get gold. So there you have it. And to watch this video interview he did with Scott Melker entitled 37000 Bitcoin. Can it skyrocket 35 percent? Check the show notes below the video in the description. And I think we all could agree it's only a matter of time before Bitcoin returns to price discovery mode, virtually meaning entering new all time highs. My personal prediction is sometime in 2024, considering the two biggest catalysts, which we just covered, the Bitcoin halving and Bitcoin ETF approval, which we know is going to be a given, especially considering the SEC is not going to be able to push it back and push back that deadline any longer because, you know, they just they have been pushing it back now for 10 years while they continue to approve futures ETFs, which can allow them to spoof and manipulate the market, which is all by design. At the end of the day, there's not new under the sun and three things cannot be long hidden. The sun, the moon and the truth. But just saying. Anyways, fam, now let's discuss the ongoing fight against CZ, the finance CEO with this 250 million dollar loan. And then I'll be breaking down his 10 million dollar price prediction and in fact sharing a transcription of him claiming that Bitcoin can thousand X from the current price, which would ultimately mean not 10 million, but we're talking twenty six to twenty seven million dollars per coin. Let's break this down. So here we go. First, with the FUD, the Binance CEO, CZ Shangping Zhao had refuted a recent report alleging that he received the 250 million dollar loan from BAM Management, the company that serves as the holding entity for Binance US. Now, how many of you have used Binance US or Binance before as the exchange? Let me know, fam. The development comes amidst Binance's struggles with plunging trading volume as the world's largest crypto exchange faces mounting lawsuits and increased scrutiny, regulatory which seems to all be by design by the SEC and the regulators. Right. The report published by Decrypt September 19th drew its conclusions from court documents associated with the ongoing lawsuit involving Binance and the United States. SEC, according to the news agency's interpretation, the Binance US legal representatives asserted in the documents that BAM Management US Holdings had issued a quarter billion dollar convertible note to CZ back in December. CZ, however, challenged the accuracy of the report when he tweeted the following. The amount of wrong information is just they got the direction wrong. I loaned 250 million dollars to BAM a while back, not the other way around, and have not taken it back. The Binance CEO clarified that the loan arrangement was, in fact, the opposite of what was reported in the post. The exec explained that he had extended a 250 million dollar loan to BAM Management and asserted that he had not yet received the payment. So there's nothing new under the sun. Just more FUD, it seems like, fam. The legal battle has taken a toll on Binance US, which saw a flurry of employee departures. The US SEC alleged that Binance was not cooperating in the ongoing probe and even claimed that BAM refused to make essential witnesses available for deposition. Concerns were also raised on CEFFU, which happens to be a custody service offered by Binance's international arm, Binance Holdings Ltd. The SEC's filing claimed that the platform appeared to be in violation of a previous agreement designed to prevent the transfer of the assets abroad. And despite the scathing attacks by the financial regulator, Binance scored a small win this week. The SEC's motion to approve an inspection into Binance US was denied by the USDC District Judge, Zia Farokhia. So there you have it. I mean, the ongoing FUD will more than likely continue, as obviously Binance is the largest crypto exchange in the world and regulators seem to have a problem with them and want to go after them for whatever apparent reason. So, like I said, hopefully in the end, you know, truth is revealed and the real story versus all the FUD and, you know, the manipulation of the price action and all the shenanigans we continue to witness in the market. And with that being shared, now let's dive into the Binance CEO, CZ and his 10 million dollar price prediction, as well as him predicting that Bitcoin price action could even a thousand X from here, sending the Bitcoin price parabolic to 26 or even 27 million dollars per coin. Let's break this baby down, shall we? Here we go. JV, have you ever heard of him? A crypto YouTube influencer from Crypto News Alerts remembered CZ's prediction. You're damn right I did. The Bitcoin would reach 10 million per coin. JV referred to the statement in a recent video uploaded on YouTube where he analyzes various aspects of the Bitcoin market development. Now, JV looked back at CZ's Bitcoin prediction while analyzing the Bitcoin CEO's recent Twitter comments. And in a Q &A session on July 5th, CZ addressed several issues, including Binance's reaction to the ongoing regulatory scrutiny. He also spoke about the rising interest of institutional investors in crypto currencies, as well as the proposed BlackRock spot Bitcoin ETF. CZ made the 10 million dollar price prediction back in 2021. In fact, I have the article already pulled up and I'm going to be reading word for word what he shared. Following MicroStrategy's announcement, allocating Bitcoin for the corporate strategy, CZ based his analysis on the possibility of several corporate companies, major institutions across the world, allocating just one percent of their corporate treasury into Bitcoin. And according to CZ, that would lead to a thousand X growth in the value of BTC. JV highlighted CZ's welcoming approach to institutional investors in the Bitcoin ecosystem, and CZ noted that advantages in traditional finance firms they bring to the crypto industry, despite concerns about their intentions clashing with Bitcoin's decentralized nature. And according to JV, CZ identified two key factors driving Binance's strategy for the next 18 months. They include the upcoming Bitcoin halving event now less than six months out, as well as, you know, we could be seeing a Bitcoin ETF here in the near future. The Bitcoin community expects the next halving to occur in April of 2024. Now quoting CZ word for word from the initial interview he made on Bloomberg Radio predicting a potential 1000 X increase in the Bitcoin price action. So here's what he had to say. Right now, I think only 11 companies again, this is right around the time that MicroStrategy announced putting Bitcoin on its balance sheet. They announced having allocating some talking about Bitcoin, like usually less than one percent of their corporate treasury to Bitcoin. And we think that it is most likely what caused the initial price rise. I think MicroStrategy's Michael Saylor started it first, but there are six hundred and fifty thousand companies in the world, like relatively established companies in the world, and their treasury is huge. Preach. So if all of them talking about these major institutions only allocated just one percent to Bitcoin, we are going to see, I don't know, 1000 X more growth in the Bitcoin price. And if they allocate more than one percent, then it's going to be even bigger. So I think people don't quite get the magnitude of the wave that is about to hit us. Now, let's run that math one more time. Fam, today's price is roughly twenty six thousand five hundred times that by one thousand. He's talking about a twenty six and a half million dollar Bitcoin price action. The potential if they only put one percent of their strategic reserves into Bitcoin, you do the math. If it's five X and five percent, what are we talking? One hundred and twenty million dollar Bitcoin price. Just saying this is coming from CZ, the world's richest man in crypto. So very powerful words indeed. Let's get back to this prediction of what he shared. So the finance CEO estimates that the flagship crypto can go up anywhere from nineteen hundred percent to twenty thousand percent from the current price levels from the time he made the prediction. And he goes on to share with price predictions. It is really, really difficult. I think it can go to, I don't know, one million dollars, ten million dollars. It is very hard to tell. And again, if we literally did a thousand X from today's price, we're talking twenty six and a half million per BTZ. So CZ also reveals that the exchange is onboarding new users as an at an unprecedented sustained rate during the bull run, outpacing its user growth during the twenty seventeen bull run. So again, this was during the twenty twenty one bull run. Here's what he had to share. Just to give people the idea, in twenty seventeen, when Bitcoin hit the peak of about 20 G's, we were seeing three hundred thousand new registered users per day. And that only happened for a couple of days. And that kind of trailed off and became slower. Now we're seeing sustained new user registrations above the peak and sustained like for over two to three months. So could you imagine running the world's largest crypto exchange and having over three hundred thousand new registered users every single day for like 90 days straight? That is insanity. And that's the previous market. I think twenty twenty four is likely going to outpace the previous market as Bitcoin becomes a common household name and as Bitcoin game theory continues in full effect. You have presidential candidates making Bitcoin a big determining factor. We have people like Ron DeSantis, Kennedy Jr., Javier Malay over in Argentina. So naturally, it's just going to create more commotion and positive catalysts for Bitcoin as we move forward into twenty twenty four. So, I mean, fireworks are ahead. Let me know how you feel. We're likely to finish out this year by December of twenty twenty three. Where do you feel the Bitcoin price action is likely to be? And don't forget to check out CryptoNewsAlerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
A highlight from Make 1 ETH In JUST 1 Hour! How I Did It!
"So we're dealing with the red day the hangover from last night's FOMC meeting It's like a delayed reaction to what Jerome Powell said last night We're gonna have to talk about what Jerome Powell said because at the time when he was speaking Nothing happened to markets But afterwards what we realized is exactly this we realized that what Jerome Powell did last night was he may have actually broken the market What is it that he said that actually scared people and why is it that right now if we look at Bitcoin? Here we are. We are at twenty six thousand five hundred and forty. You remember before FOMC last night. We were at twenty seven thousand four hundred We thought we were gonna get a pump We also touched the top of the Bollinger Bands and now we're gonna come down if we start coming down again to the bottom of the Bollinger Bands we could go back down to Twenty five thousand one hundred and fifty five. So what did he do? What did Powell say? What did Powell do that has set off this reaction that has set off the Dixie look at the Dixie The Dixie is now had one two, three, four, five six, seven eight nine We are in the tenth green weekly candle for the Dixie and to make matters actually even worse if you go into the daily the Dixie has just had a golden cross now You know what a golden cross is the golden cross is the opposite of the death cross When you have a death cross usually prices continue to go down when you have the golden cross That's when prices usually go up and I'll take you to the last time that we had this golden cross Look what happened to the Dixie. So what did Powell do? Why is the market responding the way the markets responding we need to talk about that I'm also going to show you something now and then I'm going to tell you that I'm going to tell you why I'm showing it To you so first of all I want you to watch this because this is probably the most important clip that you will see today Channel where we critique attack and under. Hello there you awakening wonders now This isn't the usual type of video we make on this channel where we critique attack and undermine the news in all its corruption Because in this story, I am the news I've received two extremely disturbing letters or a letter and an email one from a mainstream media TV company one from a newspaper listing a litany of Extremely egregious and aggressive attacks as well as some pretty stupid stuffs like my community festival should be stopped that I shouldn't So that's right That's Russell brand and that's the beginning of something that he said and we're gonna talk about it And I know you don't know it now But I'm gonna show you why that is the only Reason in the world that you need to go out and actually buy a Bitcoin today It's the most important nature actually gonna do I'm gonna link it back to the Russell brand story. That's gonna be Saying that we must talk about today This is a story that that cut me deep and we have to spend some time talking about Russell brand Getting potentially cancelled and why that means that you and I need to buy Bitcoin absolutely immediately Then I'm going to show you a brilliant brilliant brilliant trading to the training tool that's gonna change your life I'm gonna show you how I made one East in less than one hour and you can make one East in less than one hour Too I want to talk about a new blockchain the blockchain is that blockchain over there, which is a combination of Solana Cosmo Celestia and Bullrun or be a catalyst for the next bull run then lastly if you want a hundred bucks for free what you need to do is stay tuned until the end of the show and So to get the show going I want to thank the community who sent this to us Bull runs coming back bull runs coming back bull runs coming back bull runs coming back Bull runs coming back bull runs coming back I need crypto banter Give me crypto banter I need crypto answers Hey Hey Go Stack it up on my nose I'm getting obese from this East I've been buying more Sip coffee bean on my screens The crypto show I'm a bull under gold I'm turning these bears into ghosts Snap at school That's the crash course Crypto man runs in a fast Porsche So much news and research I'm just glad for it Spewing all this alpha we go mad for it Crypto banter I need crypto banter Give me crypto banter I need crypto answers You like it? Let me know in the comments if you like it I'd make it Obviously community members sent it to us Thank you thank you thank you If you were the people that sent it to us We will give you guys a thing I mean initially I didn't like it But then the whole day I was like Crypto banter baby Crypto answers Someone says this song is terrible Yeah well you let me know what you think Listen first of all I want to apologize to you guys I want to apologize On behalf of Jerome Powell For giving us the most boring FOMC Meeting of our lives I feel that we all wasted about two hours Of our time last night In fact the most exciting Part of the whole event last night Was watching the Subscriber count on our new channel So this is our new channel Called Crypto Banter Plus If you're not already subscribed to Crypto Banter Plus Go and subscribe to Crypto Banter Plus Because we're gonna have a whole lot of Trading videos here Annie's trading videos My trading videos Sheldon's trading videos And a whole lot more content here And as you subscribe What you'll see Is that we've made this little counter To see how everybody subscribes How do you subscribe? There's a link below It's a top link Click on that link Go to the channel Subscribe to the channel You're gonna miss out Because yesterday The FOMC that we did We actually watched it here On Crypto Banter Plus So this is where a lot more content Is gonna happen On Crypto Banter Plus So be there Join us This is where a lot of stuff Is actually gonna happen And the most exciting thing about last night Was actually just watching the subscriber count It was the only thing that was going up and down Anyway be there as it may Today unfortunately Things aren't so good We are dealing with a delayed reaction A hangover There we go See you guys are subscribing We are dealing with a hangover We're dealing with a delayed reaction From what Powell did Or what Powell said last night And we need to understand Why the market reacted The way that it reacted And that's what we're gonna be doing today We're also gonna be talking about Russell Brand And how Russell Brand is actually getting cancelled And the lengths that governments are going to To cancel him Why are they trying to cancel him And why is that a reason Why you and I need to buy Bitcoin immediately So listen If you're not already a subscriber to this channel Subscribe to this channel If you're not a subscriber to Banta Plus Go and subscribe to Banta Plus I see you guys subscribing to Banta Plus Thank you, thank you, thank you Let's get this show on the road We've got a lot to talk about today As we stand today We're still positive For the month of September Remember I said we're gonna be positive For the month of September We are still 3 % up Even though It's not looking good out there It's not looking good 26 ,570 Bubbles Are absolutely, absolutely red If Benjamin Cowen is right He says Get this Let's change the scene here Let's make it look more elegant How cool is that So in 2019 After the first 20 days of September Bitcoin was up 6 % But by the end of the month Bitcoin was down almost 14 % From its monthly open In 2023 After 20 days Bitcoin is up 5 % Wake me up When September You know what I mean Wake me up in September And so Question is Are we gonna follow this pattern Or are we gonna follow the pattern That I said Where we continue to go up I do have one little bit of good news For you guys Before we start talking about the FOMC The one little bit of good news That I have for you Is that the Mt.
A highlight from 676:GOP vs CBDCs, JPEXs Collapse, and Vivek Ramaswamys Crypto Vow
"Good evening and welcome to The Crypto Overnight -er. I'm Nickademus, and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax, and let's get started. And remember, none of this is financial advice. And it's 10 p .m. Pacific on Tuesday, September 21st, 2023. Welcome back to The Crypto Overnight -er. Yes, but we do have the news, so let's talk about that. Tonight, we're diving deep into the House Republicans' latest move against central bank digital currencies. We'll also unpack the turmoil surrounding JPEGs in Hong Kong and what it means for global crypto regulation. GOP presidential hopeful Vivek Ramaswamy has some bold plans for crypto policy, and you'll want to hear them. Meanwhile, the Republic of Korea grapples with a significant offshore crypto stash, and PayPal pushes its stablecoin into Venmo. And don't go away, we have an update on the never -ending Mt. Gox saga. House Republicans advanced a bill opposing U .S. central bank digital currency efforts. The bill, known as the CBDC Anti -Surveillance State Act, aims to prevent the Federal Reserve from issuing a CBDC to individuals. It was introduced by Representative Tom Emmer and has gained the support of 60 members in Congress. The bill has passed the House Financial Services Committee and will next face a congressional vote. Democrats, led by Maxine Waters, criticized the bill. Waters renamed it the CBDC Anti -Innovation Act and argues that it could threaten the U .S. dollar status as the global reserve currency. The bill has also faced scrutiny for its language and its impact on CDBC research. The Federal Reserve has been exploring the possibility of issuing a CDBC, but is not close to developing one. Some conservative politicians, including Florida Governor Ron DeSantis, have taken strong positions against CDBCs. The bill prevents the issuance of a CDBC without an act of Congress. This aligns with the Federal Reserve's stance. The committee rejected amendments to the bill and passed it, recommending it to the full House on a vote of 27 to 20. The advancement of the CBDC Anti -Surveillance State Act is a significant move in the ongoing battle over financial privacy and government control. Emmer's bill is a clear attempt to seize as an overreach by the Biden administration. His concerns about CDBCs turning into surveillance tools echo a broader distrust of government power. Maxine Waters' opposition to the bill highlights a divide not just among politicians, but also in the nation. Her renaming of the bill to the CDBC Anti -Innovation Act suggests that Democrats see CDBCs as a potential innovation, not a threat. However, her stance could be seen as naive, especially when considering the potential for CDBCs to be used for mass surveillance, as is the case in China. The bill's passage to the House Financial Services Committee is a telling sign of the times. It reflects a growing skepticism about the role of centralized financial systems and a preference for decentralized solutions. The rejection of amendments to the bill, especially those that would allow the Federal Reserve to study the Chinese digital yuan, indicates a reluctance to even explore centralized digital currencies. All that said, I don't see it passing. I've said many times that when crypto becomes a left versus right issue, both sides lose. The same thing goes for CDBCs. This bill likely doesn't stand a chance of becoming law because I don't see it passing the Senate. As divided as Congress is, I don't see the two sides putting down their torches and pitchforks long enough to do some good for the country. From lawmakers playing defense against CDBCs in the U .S. to a complete offensive on crypto exchanges in Hong Kong. Next up, the whirlwind around JPEGs. And hey, if you want to stay ahead of such storms, hit that subscribe button.
A highlight from MAJOR Mt. Gox Update! (Bitcoin Sell Date Delayed)
"Let's discover some crypto news today. September 21st, it's 1130 AM because we always start on time here, and we got Drew and AJ on the ones and twos. How are you two doing? I'm doing great. Nice white tee, DZ. Nice white tee. Yeah, thank you. Well, I got the V. You got the regular, right? Yeah, you got the regular. Alright, so tomorrow, I'm going to have a deeper V, okay? We were just talking before the show. I want such a deep V that Salt Bae would be embarrassed. He would turn beet red from wearing the deep V, so maybe we have to get it that cut. Drew, your wife actually makes clothing. Will she make a custom deep V for you so we can match? This is absolutely going to happen. Top D with the deep V. Yours has to be in camo. Alright, guys, we're going to talk about Jerome Powell, some of the remarks after. They didn't change the rate hikes, what they mean. Also, we got Bitcoin at Mt. Gox has been moved. What's going on with that? When are these coins going to hit the market? When is this Mt. Gox Bitcoin going to hit the market? Is it going to dump Bitcoin's prices? Is it going down 10K, 1K? So we're going to talk about that as well. We got to talk about Maxine Waters and X potentially turn into a payments platform. Linda Yaccarino, the CEO, tweeted out something last night. We're going to look at that as well. And we got some XRP news. It's going to be a great episode, so please hit that like button, everybody. Are you all feeling good? Are we feeling red? You know, the market's down, but I still feel pretty good. You feeling good? I'm feeling good. Alright. Let's go to blue. Alright, alright. We're also going to have charts with Kelly at the end, too, so it's towards the beginning. Alright, well, let's talk about Fed Chairman Jerome Powell. He spoke at a critical press conference after the interest rates decision. Here are the details. We're just going to break down some of the key takeaways. As expected, they did not increase the interest rate, kept it constant between 5 .25 and 5 .5. And here are the important excerpts from Powell's statement, everybody. We cannot have strong employment market without price stability, so we got to get the price stability in line. Consumer spending is quite strong still. Rebalancing in the labor market is expected to continue. We keep scrolling here. There's a long road ahead for reducing inflation to 2%. And the fact that we decided to keep the policy rate constant does not mean that we reach the policy stance we wanted or not, so they're still leaving themselves open for an interest rate hike. A lot of people think there is going to be an interest rate hike, not the next one, maybe the one after that, maybe in the beginning of the year. And last but not least, we're pretty close to where we need to be. I wouldn't attach greater importance to an interest rate increase. So they're trying to minimize any market impact. I wouldn't attach greater importance to an interest rate increase. I wouldn't care that much if we increase rates. Does that signal that they are going to increase maybe one or two pauses from now? I think that's signaling a strong maybe with a capital M. Yeah, I think a big takeaway from this is where it says the full effects of the Fed's tightening have yet to be felt. And that is definitely the sentiment here. Like this isn't the first time we paused on the interest hikes and the markets have fallen. You know, the past two days on the live stream, everything's going up. Everyone's saying, oh, the price is going up. I'm sitting here saying, I think this is a bull trap. I think the price is coming down because I was looking at the stock market charts, looking at the DXY charts, DXY still going up because of the previous interest hikes coming into play, stock market coming down. But crypto is pumping. I'm thinking to myself, oh, this isn't this isn't going to hold up at all. We're going to come back down the reality. And that has started to happen today. So there you go. Right. All right. Well, let's talk about Japan's economy as well. Japan's economy on the brink as the end stumbles to 148 year low bond yields. So that's a decade or almost 15 decades right there. As Japan contends with depreciating in and rising 10 year bonds, its economy stands at a unique crossroads. The yen's fall to a nearly 150 year to date low against the U .S. dollar brings with it a mixed bag of economic implications. I'm surprised they had the yen that long, you know, throughout all the world wars and everything. Yeah, true. Yeah, yeah. I mean, that's I mean, but still 150 year low, 150. The Bank of Japan now faces the intricate task of maintaining currency stability and keeping yields low amidst a high public debt environment. Complicating the test further is the yen dollar carry trade, which could intensify the pressure on the yen as the interest rate difference between Japan and the U .S. widens. So we're going to be keeping an eye out on that. We did lose the Internet, but it looks like we got it back. All right, Russia. Let's talk about Russia here. Let's rush into this next area. Russian Central Bank replenishes gold reserves to 2023 highs amid economic sanctions, according to a report by Kitco. That's where I use all my silver pricing data. Data from the IMF's international financial statistics reveals that Russia's central bank increased its gold reserves in August, apparently returned to the initial levels at the start of the year. Twenty three hundred tons. It was later confirmed by the World Gold Council. That just sounds like a shadowy group right there. The World Gold Council sounds like a bunch of bond villains. Kitco also reports that Russia is bolstering its reserves to mitigate the impact of Western economic sanctions, particularly those related to its invasion of Ukraine in February. Often we see Ray Dalio made this big, bold prediction as we see an empire on the decline. Debt is relative. And so, yeah, America's debt's terrible, but Japan's is worse. China's is worse. You know, everyone else is worse. So a lot of people use that data point, say America's debt can just get as bad as it wants to be, as long as it's not that bad relative to the rest of the globe. We're in no worry whatsoever. The other side of that coin would be, well, people will eventually stop buying debt and what are they going to start buying? They're going to buy gold, maybe some digital gold as well. So I'm expecting gold to go up. But silver silver price still lags gold. Have you ever done a deep dive on gold versus silver? I wonder if people even want that. Just would you want gold, silver data or you just want only crypto? I remember like a year ago, we were talking about doing a video that was I think we did a video that was like Bitcoin compared to gold and then Bitcoin compared to silver and then silver compared to gold. And it was it wasn't the most interesting video, in my opinion.
A highlight from These Altcoins Are In Big Trouble! (Major Token Unlocks) | *How To Profit*
"We're talking about token unlocks today very misunderstood in crypto people hear the word token unlock and they start to seize up They get all nervous tense. They think prices are going to dump but in today's video I want to explain the upcoming token unlocks that we actually have hitting the market and I want to take an analytical look a deep dive into how this could actually affect the market because I have gone through the data and Have a pretty concrete idea of how different unlocks actually end up affecting price And of course, it's going to create so many trading opportunities for you on the long side on the short side But also if you're a long -term accumulator of tokens, you know with you know, pretty steep vesting schedules this can present huge opportunities So I think it's gonna be a pretty valuable show and if you do enjoy more educational style content like this Make sure to smash the thumbs up button So I'm gonna use this week to contextualize the current state of unlocks in the market over the course of this week We have six major unlocks comprising around 80 million dollars worth of Capital that is coming onto the market ape with 11 % of their supply is the main one You've got Lido at point 2 % of their supply as a secondary one You've got Aptos as well with 2 % sweat tokens flow talk with tokens and EUL all hitting the market now There's an amazing website that I think you should be using basically every single week to keep on top of the token unlocks and it's called token app unlocks so token unlocks dot they're not sponsoring the show It's just an application that I personally use to stay on top of the unlocks And what it shows you is the unlocks as you can see in the right There's a corresponding column which shows you the date that an unlock takes place It shows you all the unlocks in the market the percentage of their supply that is dumping and where the supply is coming from Super valuable information now We're hitting a very critical inflection point when it comes to crypto unlocks because many of the tokens in the market are now Starting to mature and we typically know that when projects structure their token omics They tend to skew the more steep part of their cliffs for the mid one to two year period Of the project or the tokens existence So what we're seeing now with a lot of projects that were launching in 2020 2021 When the bull market vibes are on and there was lots of funding coming into the market a lot of those projects And now starting to hit their mid supply curve. For example, you've got dy dx with significant unlocks You've got eight coin with significant unlocks optimism with significant unlocks all these claims that are unlocking significant percentages of their supplies Tend to launch in that 2020 to 2021 period and because that was the bull market you have a lot of tokens during that period That were laying out their vesting schedules and this of course has huge ramifications for the prices of these tokens And as I said starts to create trading opportunities off the back of that So how do token unlocks actually affect price in the market? Is it an instant death sentence for a token that causes a huge dump or is there this kind of phenomenon called a bullish unlock? Which ends up meaning an unlock is fully priced into the market Well, there's data that when I looked into this actually was pretty unexpected to me That kind of gives you a good scope of what actually happens when there's a token unlock So I'm gonna read through the research here large crypto token unlocks drive price lower within two weeks research suggests So let's talk about this right now new research by analytics firm The Thai shows coins on average and they've looked through all the major unlock coins over the last few years Declined in the lead -up to the event of the actual unlock However, when the liquidity freed up represented more than 100 % of the average daily volume Prices quickly recovered only to fall deeper within two weeks following the unlock and we're going to get into this with real examples in a second So what they're saying here is that when the amount of liquidity? exceeds the amount of the average daily trading volume that you can get simply by going on coin gecko for example if we want to Work out the trading volume of ape we search up a coin and we can see here The daily trading volume is 63 million if the unlock for ape actually exceeds this amount of 63 million then they affirm that prices quickly recover But then they fall deeper within two weeks following the unlock and this firm has gone through 350 ,000 individual token on the unlocks to come up with this data Let's look at this graph and talk about what it means because I believe it's one of the biggest pieces of alpha I've found in the market honestly in the last week because unlocks are everywhere every token you're likely buying or selling has an unlock This is how crypto tokens fund themselves. They unlock onto the market They sell this enables them to generate liquidity for their treasury this enables them to to incentivize advisors market makers Etc without dumping their price by launching all at once now There are some tokens like uni what for example which have executed fair launches Which means well basically they launch all at once and then they're 100 % of their tokens are in supply This can work but for projects that are trying to bring on investors. It obviously doesn't make sense So most of the bigger projects in the market with big VC backing do have unlocks because this is how VCs are able to Recoup their initial investment without hurting the token price too much in the short term But as you'll see in a second it actually ends up hurting the price in the long term in cases where the unlock Represented more than 100 % of average daily volume as we just asserted prices tend to rebound faster But only for a brief period this could be attributed to traders feeling relieved that the unlock did not flood the market with new tokens Immediately within Nonetheless two weeks prices of tokens facing such significant unlocks fell below their initial levels at the time of the unlock this may suggest that holders preferred to wait a few days before selling into the market this essentially Debunks the bullish unlock theory. So there's this theory floating around in the market that token unlocks are bullish And yes in a bull market when liquidity is running rampant and people are you know? Ramping onto crypto and speculating into coins and money's flowing in Oftentimes unlocks are bullish because the market in general is bullish, right? But in neutral periods and bearish periods and just on average across all periods which should you know Get rid of those extremities on the highs and the extremities on the lows It does tend to negatively impact price and this is a major misconception in the market that has been like statistically debunked now Through this report that tokens actually perform worse out of unlocks I mean who would have thought right but this is what happens if this is the math that we see here So this graph which I think is just pure alpha shows the unlocks by size shows the average normalized price of a token Let's say like a dollar and ten cents and shows based on the volume Representative of the token versus the unlock size how it performs and we can see what we saw from large Tokens which are tokens where the unlock outweighs their trading volume So it's bigger than their trading volume these large tokens tend to bounce So this zero period is the amount of days post unlock they tend to bounce in price But then two weeks later start to correct and this isn't just one example as I said This is taking three hundred fifty thousand tokens and analyzing it Now the interesting thing is the small section and the aggregate section shows that smaller unlocks So unlocks all like small size that aren't outpacing, you know The average daily trading volume this tends to bottom out on the unlock date and then they tend to recover in the weeks following so What this tells us is the size of the unlock? Dictates the price action of the unlock So if an unlock is really big it tends to bounce a lot quicker because investors start feeling relieved Like think about the psychological component here But then the real weight of the selling pressure starts to impact on the market and then over the next couple weeks You start to see the real impact start to hit whereas with smaller unlocks So unlocks which don't outweigh the average daily volume It tends to actually bottom out just before and on the unlock date But you don't see that huge bounce that huge bullish unlock, you know phenomenon that we see you see a slow Grind up a slow recovery and then sometime after that, you know You may see a decline but 20 days after the event that should give us like a rough scope of how an unlock affects the market Alright, let's go practical now Let's look at some of the major unlocks in the market and let's learn how to actually make money using Token unlock so looking through the market what you should do is you should identify Tokens that you're interested in because unlocks as I said, they create opportunities in the short term They also create opportunities in the long term You can go through the list and work out which tokens you're interested in trading like you've got dy dx here You've got ape you've got optimism If you're interested in stacking these there definitely is opportunities to get in during these windows where you see these massive declines and based on The size of the unlock that is going to dictate when you actually choose to get in So a token that has a bigger unlock for example like an apron optimism You may choose to wait for a bit of a bleed and then get in get in around the 15 to 20 day mark Whereas with a smaller unlock as you can see, there are some really tiny ones like Lido is pretty small Uni is pretty small these unlocks can basically Rebound are slowly over time post unlock and make the actual unlock date or just before the unlock date where some of the bearishness is Being priced in that can be an opportunity to accumulate So the token unlocks app does an amazing job of actually doing full reports on all coins So I want to give you a bit of alpha here If you go onto the website and you click on the insights tab now some are paid But some are free if you click on the insights tab, you can scroll down and actually view Individual token unlock reports and this is alpha especially if you're interested in Accumulating any of these tokens or trading any of these tokens It gives you like a great summary of what they anticipate is going to happen with price based on previous prices For example on the ape coin unlock here You can see that in March they did a hundred and thirty four point eight million dollar unlock in September They have an equal unlock and then in April through to August. It was a much smaller unlock So when you're analyzing the ape coin Price performance you wouldn't want to compare this week's unlock with an April unlock because it's just so much bigger, right? It makes more sense to compare the September unlock with the March unlock So what you can do is you can scroll down and you can see well if we go back to March How did price actually react to the unlock? Well, it had a small pump in and then it bled then it had a rally and then it bled again So you can start to look at what the previous unlocks of similar size actually did in the market And the ape coin unlocks do line up with this phenomenon that we're seeing from the token research here You can see we get pumps into the unlock then it bleeds And then we see that rally into the next unlock and this happened basically every unlock We saw the pump then it bleeds and then it pumps again. So we know what the phenomenon is Assuming that the unlock was big which I know it was for ape versus its trading volume We know that they they actually pump into the unlock and then their big dump happens over the next couple months We can see this exhibited multiple times on the ape coin chart here. So that's why this token unlock section is so powerful So if you do want to trade like any old coin, of course and take advantage of the strategy I want to give you a reminder that if you're looking for a Dex look no further than G trade a Decentralized permissionless protocol that allows you to trade and they also have a function one -click trading So literally trade with one click on a variety of trading pairs. So all coins Bitcoin Ethereum commodities They Forex have as well So if you want to trade anything on a Dex and of course keep self custody of your own assets Which is so important in crypto and still get the benefit of being able to use leverage and set a stop -loss and take profit Of course and set limit orders short long, whatever you want to do. Um, you can do so on G trade across polygon or arbitrum There's a link in the description to check it out thought I would mention that because yeah A lot of these tokens that I'm discussing today's video They are available on Dex's like G trade to actually trade if you're taking more of the short -term angle now I want to take more of the long -term angle and look at how can you take advantage of unlocks if you're bullish on a token? So let's say you you scroll through the list. You're bullish on Optimism you're bullish on sui and you want to accumulate long -term. How can you use these events to position yourself? Long -term and get better entry opportunities for your long -term portfolio So for investors typically the weeks following a big unlock are a great place to buy the tokens if you're bullish on the long -term prospects of the token Especially if you do see that phenomenon where it sells for two to three weeks after the unlock Especially in a bearish environment like this all coins a lot of them versus their PTC pairs are bleeding Bitcoin is a little bit shaky. The market is relatively apathetic So these unlocks are starting to affect the market more in these conditions So the effects of unlocks are always based on the market conditions in which the unlocks take place and in this market You will see some of these sell -offs that we've been discussing be slightly more severe And because of this these can give you great buying opportunities So I recommend scroll through the list look at if there's a token with a big unlock and start to just pinpoint the dates on Your trading view so you can literally go on to trading view. Let's say, you know, we want to Set a date for optimism. What you can do is click on your trading list You can search up optimism and you can start putting in these Vertical lines which indicate when the next major unlock is happening So if we go on to token unlocks we scroll down We see optimism has a major unlock in 17 days on the 30th of September We can map out the 30th of September on our chart by using one of these vertical lines as we can see here Okay we put it in on the 30th and now we have a red line which shows us when the unlock happens and What you can do is you can kind of track where the price starts to falter In the two to three week period following this unlock that would then be potentially a decent zone for you to buy if you can map confluence with your Horizontal levels and you can do this for any altcoin so if you do see let's say the token price do what happens with these big unlocks typically and Pump afterwards and then start to bleed then you can look to accumulate in this period here if you get good Horizontal confluence so that is one strategy that you can use faults that is more from an investor standpoint If you want to short you can definitely take advantage of shorting these pumps if they happen post unlock and you can also map that Out with your confluence So let's say it pumps into this area and you're seeing like a major resistance in this zone and then it starts to come under You get a bearish underside retest and then it starts to roll over Well, this could be your short entry on the retest to get in such as one example Like very basic of how you can use this but token unlocks from an investor and a trader standpoint Are very very valuable and what you can also do alongside just basic ta is actually use momentum indicators So let's use the optimism example again You can go onto an application like Kyber AI which is like your ultimate AI on chain trading platform Click on optimism and see what the momentum is like for the coin at that time If you start to see after two weeks the token pump and then start to roll over a little bit and you're looking for let's You can look at the Kyber score and see if the bullish momentum of that token is starting to tick into the bearish territory So you might see the last like for Kyber scores coming bullish and then you might see the momentum starting to tick bearish Using their on chain analysis function when that starts to happen Which is likely indicative of cells outpacing buys on chain The on chain indicators can tell you first before the centralized exchanges catch up whether that altcoin is starting to get bearish Momentum and that can be a great peak data point for consulates to get into a short setup and Similarly after an unlock takes place if you want to buy optimism long term But you want to be a bit more picky with your entry then you can do the same thing You look for bearish momentum tick into bullish momentum like it's exhibiting right now And if that maps up with our net buyers starting to position themselves on chain Then that can give you an indicator alongside an uptick in trading volume that you should be getting in So always look for momentum shifts in crypto and this can help you get better entries So if you don't want to use Kyber AI for any of that, there's a link in the description We have an early access pass for people that want to use that link. You do need to get approved. I'm sorry It's not instant approval But I promise you it's worth the wait because it's been an amazing application and I want to thank them for partnering with the show Because yeah, it's an application that I regularly use in my trading But I thought I'd just mention it in the context of this video Because it's super relevant for using an application like this to help you get entries. So pretty much with unlocks there there is like a lot of nuance, but what you need to know is Have your finger on the pulse in terms of tracking them Make sure to utilize the reports at your disposal through an application like token unlocks. There are free ones There are paid ones if you don't want to pay that's completely fine Like they're not a sponsor of the show or anything You can kind of use this framework for mapping volume versus the size of the unlock and if it fits within this Of course, it's not going to happen like this every time but on aggregate if you trade, you know Based on this assumption then on average you'll probably end up ahead given the fact there's a sample size here of three hundred and fifty thousand Given, you know, they've done extensive research. So obviously sometimes there are outliers Sometimes the project might announce news before an unlock to pump the price Sometimes the market will just react differently due to like a switch in market conditions But generally if you follow the blueprint you will come out ahead in the long term Market conditions do play a huge factor in a bullish market unlocks are like always the best buying Opportunities in a bear market unlocks are often the best shorting opportunities because you have to consider the weight that some of these unlocks can have on the market when the buyers are apathetic because when buyers don't want to step in and protect price and you have additional supply dumping in a bear market that is a Recipe for disaster a lot of the time but in a bull market that's often a recipe for buying the dip So you probably want to take the short side more than the long side in a bear market And you want to take the long side more than the short side in a bull market So important to wrap your head around that concept Bitcoin actually has quite a bit of overhang. I'm speaking about Bitcoin for a second They've got the US government Silk Road Bitcoin. They've got the Mt. Gox Bitcoin or they've got the FTX Bitcoin as well Which is going to be start to be liquidated soon So there is a fair bit of supply overhang in general if we could continue to see bearish market conditions And we do get some of these like unlocked overhangs, you know Just supply increases hitting the market then that could be a reason that Bitcoin starts to correct but given the fact we're heading into 2024 when we've got like major catalysts like the Bitcoin spot ETF You know the ETH ETF the Bitcoin halving potential rate cut rate cuts on the horizon those all can be opportunities To take advantage of the unlocks in the meantime So when you know the destination it becomes easy to play the game in the short to medium term If you're a long -term investor, so just thought I would add that as well in the context of Bitcoin, too So yeah, maybe we went with a bearish tile today Figured out what my thumbnail is but if it is just know it can be bearish on but it also can be bullish and hopefully this video can act as a bit of a framework for you to be able to contextualize and then apply or token unlock trading to your own trading stuff, hopefully this video helps if it did smash the thumbs up button and subscribers in order to subscribe and of course We have a link to games if you want to trade in a decentralized manner in the description and a link to Kyber If you want to sign up to execute the AI strategy that I discussed on today's show I will see you later.
A highlight from Ripple's Fortress Acquisition Shows the Brittleness of Crypto Infrastructure
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Tuesday, September 12th, and today we are talking about all of this dust up with fortress and the Ripple acquisition and what it means and who you should be mad at. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. All right, friends. Well, today we are talking about one of the biggest discussion points for the last week or so on Twitter, which has been the issues surrounding fortress trust. Let's begin our particular slice of the story on Friday when Ripple announced that they had acquired fortress trust. Now, the deal was pitched as an expansion of Ripple's regulated crypto offering as they built out a vertically integrated blockchain services product suite. And Monica Long, the president of Ripple, said in a statement, licenses are a powerful enabler to build and deliver best in class customer experiences for enterprises using Ripple's crypto infrastructure across our payments and liquidity solutions, which she was referring to as the fact that fortress trust holds a Nevada state trust license, which allows it to custody crypto and act as a financial intermediary with the traditional financial system. This would add then to Ripple's existing strategy of accumulating licenses. Between Ripple and its subsidiaries, the corporate group now holds 30 state money transmitter licenses, a New York state bit license and a major payment institution license from the Monetary Authority of Singapore. So commentary over the weekend on this fell into two camps. On the one hand, this could have simply been Ripple buying a company to add a custody service to its one stop shop approach to crypto. On the other hand, many viewed this as a quiet bailout of fortress. And indeed, the Friday acquisition announcement was slightly strange in tone. Executives asserted that fortress could add a key piece to Ripple's vertically integrated crypto offering. However, the deal announcement was a little bit out of sync with previous announcements from Ripple. Specifically, the acquisition valuation was not mentioned, which was out of character for Ripple who had brashly announced a 250 million dollar deal to acquire crypto custodian Medeco in May. And of course, we have to put it in the context into which it happened. Fortress itself was already viewed with skepticism. The licensed crypto custodian had been founded by former prime trust CEO Scott Purcell in December of 2021. Purcell had left prime trust in January of that year. That was around the same time that prime trust mishandled wallet storing customer funds, leading to an 83 million dollar shortfall. Several key executives left prime trust to follow Purcell into his new venture. The firm was also aggressive in hiring former banking regulators to their team. The rift between companies was so acrimonious that there were even allegations of IP theft in taking software systems built at prime trust across to fortress. In June of this year, the shortfall in customer funds at prime trust came to light. Around this, the company was first placed into receivership by the Nevada regulator and later declared bankruptcy. Now prior to prime trust acknowledging their insolvency, numerous high profile customers fled for other custodians. It was already widely suspected that prime trust was insolvent at the time. The most impactful departure from prime trust was swan bitcoin. In June, swan announced that they would be transferring all customer funds held in custody to fortress. The transfer took over a week and involved a shutdown of automated transactions with swan. To many, it felt like an emergency operation more than a normal business decision, although throughout the process, swan executives assured customers that funds were safe. So this is where we were over the weekend. Lots of speculation, lots of questions around fortress, lots of questions around ripple. And on Monday, new information came to light around the circumstances surrounding the fortress acquisition. The day before the acquisition, my birthday, September 7th, fortress had posted a disclosure about a security incident which they tried to make seem relatively innocuous. On that day, they tweeted, Thankfully, there is no breach within fortress technology or systems, impacted accounts were fully restored. And most importantly, of course, there is no loss of funds. We immediately terminated the vendor integration and out of an abundance of caution paused all accounts to assess and ensure system wide security. We are taking all necessary measures to make sure the vendor is held accountable. Although this has been resolved, transparency and security are of the utmost important to us and our customers. We also have some big company news we are excited to share later this week. Now, Ryan Weeks, a reporter at the block received a tip that the incident had been far more impactful than it was made out to be. Indeed, he was told that 450 Bitcoin worth around 11 .3 million had been stolen from fortress trust, although that specific amount has been unable to be verified. What has been verified is that the ripple deal was much more of a bailout of fortress than it initially seemed. A ripple spokesperson said, Conversations accelerated last week following the security incident via a third party analytics vendor, but this opportunity makes sense for Ripple in the long term. Luckily, Ripple was in a position to act quickly to step in and make customers whole, and there have been no breaches to fortress technology or systems. Fortress notified customers immediately of the incident when it happened, as they mentioned in their tweets. Now, for those of you eagle eyed observers out there, or I guess eagle eared as the case may be, owl eared, whatever, you'll notice that fortress's Thursday statement said, This technically is consistent with Ripple swooping in to make customers whole, but also somewhat misleading if in fact Ripple had had to bail fortress out to make those customers whole, but also somewhat misleading if ripple indeed had to come in to make sure that those customers didn't actually lose their funds. Now what was also made clear on Monday is that the ripple deal is still pending regulatory and due diligence approvals. Given that we already saw the Bitco acquisition of prime trust fall apart during the due diligence process earlier this year, there is certainly no guarantee that it actually goes through. Now, of course, as you've already heard, there are numerous other companies tangled up in this mess. Swan Bitcoin is, of course, one of fortress's most well known customers. They have been in an absolute narrative battle and have claimed throughout that they were completely unaffected by the issue and the client funds remain safe. The other companies impacted are the custodian services subcontracted by fortress. Their role in the industry is mainly as the holder of a relevant trust license rather than as a tech provider. We know, for example, that hot wallet services are provided by fire blocks, while cold storage is provided by Bitco. And indeed, with the behind the scenes detail now made public, Bitco CEO Mike Belshi wrote a Twitter thread outlining his disappointment with how the entire debacle was handled. On Monday, Mike wrote, they are still at risk and whether Bitco was somehow involved. Spoiler alert, we were not. When fortress lost funds, they chose to omit facts about what happened, downplay the event and conclude, quote, most importantly, no funds were lost. Obviously, we now know this was not true. I guess what they meant to say is we believe we fixed the problem and we have taken steps to make sure clients are made whole. But those two statements are not even close to being the same. Ripple has done the right thing and disclosed that a breach did occur. But fortress still has not made a real statement about what actually happened. So, summarizing what is publicly known, along with what we know from Bitco, one, fortress suffered a breach through some third party integration, not Bitco, two, via fortress's platform and some third party integration, the attacker was able to drain funds from fortress's hot wallet system, three, fortress used fire blocks for its hot wallet system, four, fortress noticed the failure and says they have fixed the problem with the third party, five, although fortress did use Bitco to custody some of its Bitcoin and digital assets, Bitco was not affected. None of the fortress assets held at Bitco were at risk from this third party integration or taken. After the breach, fortress reached out to Bitco. Bitco strongly advised fortress to disclose what happened immediately. Fortress did not do that. Eventually fortress decided to sell to Ripple. This is a great outcome because Ripple was able to make all clients whole and will hopefully help fortress with resources to correct the security weaknesses which led to this event. Ripple is a good actor here and should be applauded. The real victims here are fortress's clients who deserve enough respect to get the whole truth. They are not to be blamed. The whole situation is exactly why we need decentralization. We can't continue to be dependent on the honesty of custodians, bankers or trusted third parties acting with integrity when bad things happen. Bad things will happen and most humans don't have enough courage to be honest through it. So there are a lot of things that people are upset about here. One of the biggest strands of conversation has been around Swan. On September 11th, the company tweeted, Swan client coins are in insured cold wallets at Bitco and did not move during the reported incident at fortress. The coins are protected by video calls and physical access and are not subject to any incidents at fortress. Swan set up this agreement with fortress to use Bitco as a cold storage sub -custodian precisely to prevent such a scenario. Swan has direct on -chain visibility to funds at Bitco. When someone asked what kind of insurance Swan was referring to, Corey Clifton the CEO said, It's $250 million per wallet, with no wallet holding more than $250 million, provided by Lloyd's of London. It's the best setup we've seen. As always, take self -custody if you're willing and able. Now, responding to the critique in general of Swan being associated with these companies, which now have a less -than -stellar record handling customer assets and are now owned by a company that is anathema to many Bitcoiners, Corey wrote, Separation of brokerage and custody is the model for traditional assets for good reason, and there's a good probability it becomes law for digital assets in the U .S. I am not a fan of the trust -me -bro model of brokerage and custody under the same roof, like Mt. Gox and FTX. The goal is to have no single company able to unilaterally move user funds. We very intentionally set up Fortress and BitGo with that model. Now, I understand the narrative frustration here, but at the end of the day, the reason that Swan had to work with these companies is that there just wasn't anyone else. This is why as much as some Bitcoiners are worried about the entrance of traditional financial actors into the space, many others view it as necessary to just have more market options for crypto -native brokerage companies like Swan to actually work with. Anyways, the whole thing is a mess, reflective of how bad the infrastructure is for crypto and Bitcoin right now in the U .S., and a reminder of just how challenging digital assets are, even for companies that have big history in the space. The one other big story from yesterday that I want to cover was the FTX creditor update. The FTX bankruptcy team reports that they have marshaled around $7 billion in assets. Using updated valuations from the end of August, the estate holds $3 .4 billion in major crypto tokens. This includes $560 million in Bitcoin, $192 million in ETH, and $1 .1 billion in Solana. Now, of that, it appears that only $137 million worth of Solana is listed as vesting, meaning a much larger portion of the tokens may be eligible for sale than previously thought. The non -crypto assets include 38 properties in the Bahamas worth around $200 million, as well as $529 million worth of securities primarily made up of grayscale Bitcoin trust shares, $2 .6 billion in cash, and $4 .5 billion in venture investments, although no current valuation of those investments was provided. The firm's liabilities show $65 billion in non -customer claims. That figure is massively inflated by a $43 .5 billion claim from the IRS, which is presumed to be subordinated to customer claims. The IRS generally submits the largest possible tax claim during bankruptcy proceedings, but often negotiates down significantly or differs entirely to a creditor distribution. Of the remaining liabilities, a $9 .2 billion claim from FTX Digital Markets is assumed to be invalid or redundant, which leaves $4 .1 billion claim by Genesis and $2 billion claim by Celsius as the major non -customer claims to deal with. So far, a little over 36 ,000 customers have filed claims totaling $16 billion. Of the claims that have been scheduled so far, around 10 % of customers have agreed to their scheduled claims, while 18 % have disputed their claims and 72 % have yet to respond with either an agreement or a dispute. Now, easily the most discussed part of the news dealt with the firm's clawback strategy. Transactions done within a 90 -day window of the bankruptcy filing can be eligible for a clawback, but in practice, not all claims are pursued. The estate has successfully pursued $588 million in claims so far, and they identify an additional $16 .6 billion in clawbacks that could be pursued. The estate is currently considering how to deal with customer clawbacks where users withdrew from the exchange close to the bankruptcy being filed. Several options being looked at included the full 90 -day window for clawbacks as well as a shorter 15 -day window which captures the major public news surrounding the FTX collapse. Travis Kling tweeted about this saying, This brings up a big question of executability. How feasible is it for the estate to go sue people in every corner of earth? This is a really surprising turn in this deal. Everyone was thinking this outcome was quite unlikely the entire time. If the estate ends up doing what it looks like they want to, it will change the nature of this bankruptcy process. We'll learn more at the 9 -13 hearing. Indeed, the estate is due in court tomorrow Wednesday for an omnibus hearing which will cover numerous aspects of the case including the potential liquidation of crypto holdings as well. You might remember that three weeks ago FTX asked for permission to appoint Galaxy Digital as a selling agent. Selling would initially have a limit of $100 million per week which could increase to $200 million if creditors agree. The market has obviously begun to price in significant fear of this FTX liquidation. Sunday for example saw a liquidity breakdown in Solana as rumors of imminent dumping spread. And yet many think that the market is overreacting. Jeff Dorman, the CIO at ARCA said, The way crypto market makers and traders are front -running the FTX supply shows a complete misunderstanding of how a syndicated sale process works. This isn't an every -man -for -himself VC unlock. This is a court -ordered process that Galaxy will sell very slowly and opportunistically. Lastly, the potential reboot of the exchange remains a possibility. According to the report, 75 bidders have been contacted. The report stated that Proposals are being evaluated. Transaction timing will depend on nature of transactions, readiness of bidder, and other considerations. So, friends, if there are currently two archetypes of breakdown episodes, with one being legal battles that are increasingly poking towards a positive direction for this industry, and the other being cleanup from the excesses of years past, this unfortunately was one of the latter. But, as they say, the only way out is through, and so until next time, be safe and take care of each other. Peace.
A highlight from I sold my Bitcoin..
"I sold my Bitcoin today, I did it, I finally capitulated, I sold. But I didn't sell into USD, I actually sold some of my Bitcoin into Ethereum today in a big portfolio shift that I want to fully explain because I think it has a lot of ramifications not only for my own portfolio but potentially for your portfolios as well. So in today's video I want to talk about why today I shifted some of my Bitcoin into Ethereum and my thesis behind why Q4 could potentially be a better month for Ethereum than it is for Bitcoin. Obviously over recent time Bitcoin has outperformed in the lead up to the spot ETF hype but as that hype starts to subside I think we are seeing on the charts a few reasons start to unfold why Ethereum might be starting to outperform Bitcoin and it's an important one for the market because ETH being the biggest coin that's synonymous with the alts at the end of the day does dictate altcoin performance to a certain extent so this is a very important trade in my opinion and I want to break down my full thesis and give you my detailed overview and analysis as to why I made this market move and what we can expect in Q4 because I think it is going to be, especially September, a pretty pivotal month for crypto in what has been a fairly shaky market in recent times. So let's talk about it, important thoughts on ETHBTC. Now, the first thing I want to note is the ETHBTC chart, this is a very very interesting one you can see it has been in a downtrend, you can see these red circles here indicate the lower highs that have been set in for ETHBTC on the daily timeframe, you can see we had deviation above horizontal resistance but since then we broke back down below and then we did have a bearish retest of this diagonal channel and then we've come right all the way down onto this horizontal support multiple times but in recent times we've actually held this level quite well and I think the real noticeable thing over the last few days has been the response that Ethereum BTC has had considering the market's been dropping, Bitcoin's been coming down, a lot of altcoins have been smacked even over the past month, altered down 30 -40 % yet ETHBTC is actually technically in an uptrend. You have your low set in here at the 0 .6 level, then you have a higher low, then you have this week which isn't really what I would consider to be a lower low considering there was no official daily close, the actual daily close was above support, it was just one big shake out event and then since then we've had two successful bullish retests of this support line. So given the fact that the charts are saying this, what are the fundamentals saying? What are the driving narratives behind why the chart is starting to show a little bit of a reversal here and you know I've been talking about ETHBTC on the show for so long and I want to get into this weekly chart as well that I've shown on the show multiple times in the past so I think for the viewers right now this would be a great one to update you on just my general thoughts on the market because ETHBTC is probably the most important chart right now alongside dominance in my opinion, at least from an altcoin perspective. So the first reason why I think in the short term, so this video is more referencing the next two to three months than it is like the next year, in the short term I think there are a few reasons why it could outperform, let's break down these reasons because they are important structural drivers behind the market. The first reason is that Bitcoin has a pretty severe supply overhang in Q4, I did speak about it a little bit at the start of the week, but Bitcoin specifically, more so than other altcoins, has a lot of overhang. So you have the US government Silk Road Bitcoin that is set to be released onto the market, we know that at the beginning of the year they announced their plan to sell 41 ,000 Bitcoin which they acquired from the Silk Road seizure. They have essentially sold half of that throughout the year, 19k, sorry they haven't sold half of it, they transferred half of it this year with around half of that, around 20 ,000 Bitcoin set to be sold. So you can see here they have been shifting this Bitcoin around, they do have a mandate to sell it by the end of the year, so this is supply that is going to hit the market at some point this year. I don't want to fud and say that Bitcoin is going to crash because of this because we know at the end of the day 20 ,000 Bitcoin, the market can absorb but it is a fairly liquid environment right now so you do have to be wary of these sell events. You also have the Gox Bitcoin, this is a story that has been talked about and speculated about for quite some time, I've done videos on it myself. We know that it was at one point potentially overhyped as a bearish trigger, I do believe that the market will be able to absorb this liquidity but we do now have a confirmed date which is the end of October for when creditors are going to start getting their Bitcoin. This means that as of the end of October creditors will be able to start selling their Bitcoin if they did opt to receive a Bitcoin payment versus a USD payment, so that is something to know. You also have a lot of altcoins, not on the Bitcoin side but also altcoins which could impact the market starting to be liquidated, Sol but also BTC as we discussed before and also Ethereum, Aptos, Doge, Matic hitting the market from the FTX liquidations, like they're basically being forced to sell to payback creditors. The one thing I'll say here is it's only 500 million so I don't think it's going to have a huge impact especially because it's dispersed across like 10 different tokens but it's going to have some sort of impact on the market. So the first reason why I think Bitcoin may struggle in Q4 is because you have kind of this double whammy effect of supply overhang hitting the market, so Mt Gox, Silk Road in combination with basically this apathy from market participants given the fact that we don't have a spot ETF ruling. So the market essentially right now is hanging out, it's waiting for this spot ETF approval or rejection so it can make its next move but unfortunately you have this apathetic nature from the market in tandem with overhang coming onto the market and the question I would have is will demand be able to outpace the additional selling pressure? Now that's a very complex question to answer but my gut feel that I'm going off is no and that's why I think the likelihood is probably to the downside in the Bitcoin market in general unless we get a shock ETF approval before the end of 2023 or at least a strong indication that we're going to get one. Maybe the SEC comes out and says they're like I don't know somehow going to approve one. Although what we saw today was the spot ETF being continuously delayed. So we saw multiple spot ETFs be delayed today, Fidelity, BlackRock, Bitwise, they basically all got delayed and we know that the SEC is going to do this. We know that they're going to take as much time as possible to make a decision or at least as much time as possible to find a reason maybe to critique a Bitcoin spot ETF and for this reason I don't actually expect an approval until December at earliest but most likely next year. We know that the ARK21 shares filing is going to be the first one that has a final deadline so that's going to be on the 10th of January. I think the 10th of January is like probably the first date we're going to get like a concrete answer and it may be even later because there may be some reason that the SEC finds over the next few months to actually reject ARK. So let's just see what happens but the reason I'm making this point is because until then the market's pretty bored. It's pretty despondent in a way because a lot of people are kind of losing hope and the narrative is getting a bit exhausted. The Bitcoin spot ETF narrative which was so powerful it's getting exhausted because people know it's going to happen, they know the probabilities are high, they just now want to know when and it keeps getting delayed and this does create this element of boredom in the market and you do need an active market for buyers to step in and when you get sell pressure in a boring market that can often create a little bit of havoc which is why I'm just a bit wary going into Q4 and once again I'm not bare posting here. This whole video is about you know Ethereum right and why I made a little bit of a shift today from Bitcoin into Ethereum so if I was complete bear I would have gone into stablecoins right but I still do expect a little bit of downside on Bitcoin if I'm taking the pragmatic point of view. If of course we get some shock announcement before then which is always possible I do think we have to reconsider our thesis here but all we can do is go off the information that's right in front of us and of course the ETHBTC thing is a big thing I still need to get through the rest of my logic here to explain it.
A highlight from Long Term Bitcoin Holders Hits All-Time High | EP 798
"We're your number one source for the peaceful Bitcoin revolution with heartbreaking news called Traumatic Warfare. We will be your guide through the separation of money and state. Crazy, crazy news. I mean, it's not surprising at all, but the long -term Bitcoin hodlers hold an all -time high of Bitcoin. That means that the amount of Bitcoin on exchanges continues to go down. The amount of Bitcoin hodlers continues to go up. I think this is Bitcoin's incentives. I think they're winning. And I think people are realizing that if you sell your Bitcoin, what are you selling it to? You're selling it for monopoly money, basically. So this is overall bullish news. We're going to break down also the numbers. We're going to dive deep into that today. Also seems like the Tether lawsuit was dismissed. We were going to talk about that yesterday, but we ran out of time. So we're going to cover that article. And on top of that, we have a very special guest. We have Mags. And Mags, thank you so much for joining us today. How are you doing? Hey, I'm awesome. How are you? Well, it was good. It was good seeing you at Mining Disrupt in Miami not too long ago. Mags is a is it's I know that Bitcoiners hate the word expert, but I would consider you a mining expert. Thanks. But no, I see that's the problem once you go down the rabbit hole and you're like, I know nothing. She's highly knowledgeable about mining. All right. I'll say it like that. And of course, my legendary co -host, he's drinking coffee. That means he's feeling optimistic today. The one, the only the legend, legendary optimist fields. How are you doing, bro? I am doing wonderful and I am so geeked up on coffee this morning. I probably have the jitters, but hey, you know, this is part of the fun. What's up, everyone? Good to be back. It's Tuesday. Still got a long week ahead of us, but the news don't stop. The grind don't stop. I'm excited for this one. I'm ready to hear Mags talk about Bitcoin mining in the culture. I think you guys are going to like this one. But anyways, are we going to get a classic Nikko Jones rant today or is this going to be a mellow? I don't know, man. It's just bullish news is not it's not like, oh, OK, so hope you have Nikko Jones to help you. Don't sell your Bitcoin to BlackRock. Yeah, that's the best news. That's the best news of the next of this having the next four years. If you sell your Bitcoin, statistically speaking, you're probably selling it to Larry Fink. Don't be that poor sailor or sailor or sailor, either one of them, either either them. OK. All right, everybody. No more delay. Let's jump straight to the news. Or the U .S. government. Oh, my God. All right. That took a dark turn. All right, everybody. Let's go. Let's start the numbers. Let's do it. The Bitcoin numbers. Is your Bitcoin in cold storage really secure? Is your seed phrase really secure? Stamped seeds do it yourself kit has everything you need to hammer your seed words into commercial grade titanium plates instead of just writing them on paper. Don't store your generational wealth on paper. Paper is prone to water damage, fire damage. You want to put your generational wealth on one of the strongest metals on planet Earth, titanium. Your words are actually stamped into this metal plate with this hammer and these letter stamps. And once your words are in, they aren't going anywhere. No risk of the plate breaking apart and pieces falling everywhere. Titanium stamp seeds will survive nearly triple the heat produced by a house fire. They're also crush proof, waterproof, non -corrosive and time proof. All things that paper is not allowing you to huddle your Bitcoin with peace of mind for the long haul. Stamp your seed on stamp seed. Alright guys, don't put yourself in this situation where you have to explain to your grandchildren why you lost your generational wealth because you decided to store your Bitcoin wallet. Back up seed words on paper, store it on titanium, scan the QR code on your screen right now and use the promo code simply and you get a nice discount. Anyways, at the time of recording the Bitcoin price is $29 ,565. Sat per dollar, $3 ,882. Block height, $801 ,952. Blocks to halving, $38 ,048. Halving estimate April 20th, 2024. Total lightning network capacity, $4 ,692 Bitcoin capacity value, $138 million US dollars. Realized monetary inflation rate, 1 .76%. Continuing to embarrass fiat currencies, the market capitalization is $574 billion with a B. Bitcoin versus gold market cap, 4 .41%. In the grand scheme of things, Bitcoin is still a tiny baby. Anyways, here is Cathie Wood and she's talking about the infamous Bitcoin spot ETF and she has an interesting take. She says if the SEC approves a spot Bitcoin ETF, it will approve more than one at once. Anyways, she is also known for coming up with the infamous 2030 prediction where she says the bear case is $258K, the base case is $648K, and then the bull case is like some crazy number. It's like $1 .48 million per Bitcoin. And she's also, obviously, she's accumulated a lot of Bitcoin, so she's a huge advocate for it. But anyways, let's hear what she has to say. And of course, this is on Legacy Media Bloomberg. So let's check it out and then we'll talk about it. So you are in this race. Let's talk about the race a little bit. The first important deadline coming up is August 13th where the ARK filing, the SEC is either going to delay it, which we think they'll probably delay it, and then BlackRock is later. You filed before BlackRock, but BlackRock came in with the surveillance sharing agreement with Coinbase. That was novel, right? Now we're looking in the future, there's talk of a common clock where the SEC could approve a bunch of ETFs at once, putting you on a level playing field with BlackRock and others. What's your take on how this will play out given you filed earlier? I think you're probably right that August 13th will come and go, and I think the SEC, if it's going to approve a Bitcoin ETF, will approve more than one at once. So then, again, because most of these essentially will be the same, and it will come down to marketing, communicating the message. We've been putting out our Bitcoin Monthly for the last year. We are now starting a Bitcoin brainstorming session, our first one we launched last Thursday. So we're trying to get the word out there that our research is deep, and we've been We were the first public asset manager to gain exposure to Bitcoin at all in 2015. That's exactly where I want to go. The Grayscale Bitcoin Trust, known by its ticker, GBTC. If you look at ARKW, for example, your ARK Next Generation Internet ETF, right now I see GBTC as the third largest holding. If we are in a situation where the SEC does give its blessing for a spot Bitcoin ETF, would you plan to sell out of GBTC and buy one of these physically backed funds? I cannot talk about what we would and would not do. And in fact, our compliance team is giving us marching orders not to talk very much about this filing and its aftermath at all. So just the fact that we filed with our partner 21 shares is as far as I can go. All right. So interesting how this is playing out. And again, like what I find very interesting is that even though she filed before, it's like it's almost as if BlackRock gets very special treatment than the rest. So I think that's interesting. Not surprised at all. But Mags, I want to get your take, because I haven't heard it before. It's what's your take on the BlackRock spot ETF? What do you think it's going to do for Bitcoin? I've had I've heard two different takes on this. Caitlin Long is coming from they're going to rehypothecate the F out of it. That's what Lawrence apart thinks as well. And then FOSS and lavish come from this is really good for the price action. It's going to price the pump and they're not really going to be able to rehypothecate it because of you know, it's a spot ETF and the regulations and all that stuff. So what's your take on this? What angle are you coming from? What angle are you coming from at it? I'm coming more from the FOSS lavish side where so we don't yet have a full regulatory structure in the U .S. around custody, right? So I think that like that's the caveat, depending on how they set it up. It's still possible that maybe there is some rehypothecation possible. But I think generally, as best practices, companies that just have been holding what will be more interesting to me is whether BlackRock decides to then set up some sort of yield product, not like the bad kind of yield with $10 ,000, sorry, 10 ,000 percent. I mean something like setting up lightning nodes so you can earn a yield, right? So that to me would be interesting if they set something up like that, where it's technically not rehypothecating because you're still holding the keys, but you're still making it work for you. I'm sure they're hiring talent everywhere. I do think it will have a massive impact on price action because this is the girl in the room on Wall Street. BlackRock is the largest asset manager in the world. So once they have the Bitcoin fund, I do think there will be some allocation from their massive portfolio. It might not be everybody's, but it may be their wealthiest clients or even just one percent allocation will do numbers. So I think for that people, you know, it is exciting. But again, the challenge there is because BlackRock will probably attract the most capital, like I think it would be the largest Bitcoin ETF there is. You are again consolidating it in one spot. So we're seeing that. And I know Bitcoiners, you know, we've seen this happen. You have hodlers like Michael Saylor. It's just it's just a shame sometimes to see it happen. And lastly, you know, I've been I've been through something similar in Canada. So I helped launch the first Bitcoin fund in Canada. We took the Ontario Securities Commission to court. It was a three year legal battle and we ended up with a 26 page ruling from the judge that said, yes, it is in the public interest for the public to hold Bitcoin, which then paved the way for all the ETFs in Canada. So I'm really excited to see the legal case with respect to GBCC that's going through the court, because I think either we will get BlackRock first or GBCC if for some reason giving stuff in Bitcoin down. But that said, BlackRock is powerful. They donate a lot of money. Things have changed. Like look at mainstream media now. Like, oh, Bitcoin is a BSG. We're in a different part of the cycle, I think. It's so crazy watching the anchors protect Bitcoin using like a lot of the terminology that Bitcoiners are using. It's like, wait, did I just hear that? It's like, no, Bitcoin is actually a good thing. And then, you know, it's perplexing. You didn't get that at all? Right. BlackRock is a part of this. Bitcoin is actually a good thing. Bitcoin is actually helping the oceans. Anyways, Opti, what's your take on this? Well, yeah, you know, as the in -house Bitcoin pleb, you know, the average Bitcoiner here, I don't like ETFs personally, I advise not to buy paper Bitcoin. But as far as I'm concerned, it's paper Bitcoin. But we all know that this will be good for price action. I do understand and I think anyone that is not naive understands how much capital inflows will come from these ETFs from traditional financial people. And, you know, in that regard, we're super bullish because, hey, as we've been talking about, you know, BlackRock's got trillions of dollars of even a small portion of that money gets into Bitcoin and we start to orange pill those people and they start to understand what they're holding. It's going to be extremely bullish moving forward, obviously. And on the Cathie Woods news, you know, we love competition. So, hey, you know, it's going to be great to see multiple spot ETFs approved at one time because then people can actually have options and choices and they're not being forced to get centralized into one ETF. Obviously, as Mag says, most people are probably going to just trust the BlackRock name because they are the biggest asset manager in the world. So we know that most money will probably go into BlackRock. But as something we've been talking about, BlackRock has become like the canary in the coal mine now, and it's signaled to every asset manager in the world that Bitcoin is safe. You know, they've endorsed Bitcoin. So Bitcoin is ESG friendly now and every corporate press site out there is starting to embrace Bitcoin and talk good about Bitcoin. So you love to see it. And it really makes you start to understand that this is opening up all asset managers around the world to not have the damage to their reputation by embracing Bitcoin. And obviously that's good for every single person out there that is holding Bitcoin and is yet to hold Bitcoin because now everyone knows what we know. Bitcoin is safe. You want to hold Bitcoin. You need some Bitcoin in your portfolio. And Bitcoin is for enemies. Bitcoin is for anyone. So as much as us Bitcoiners may not like the ETF products, like who are we to stop people from using Bitcoin, how they see fit. And it really reminds me, we've been talking about this for a while. It really reminds me of one of the early Hal Finney posts on Bitcoin talk forum where he's saying, you know, there will be Bitcoin banks that are fractional reserve and there will be full reserve Bitcoin banks. So I think we are in the beginning of that process and we're going to start to see who's going to take the risk of rehypothecating their Bitcoin. And I forget who was saying it, but it was in one of the IRLs, Nico. I'm blanking on who it was exactly. But we were kind of a TLDR -ing them in the chat. It's like, what if the BlackRock Bitcoin ETF is the very thing that brings down BlackRock by them rehypothecating Bitcoin? Like this would be bullish AF. It was Peter Dunworth. It was Peter Dunworth. It was Peter Dunworth. Like that would be an amazing turn of events. It's like, of course, they are incentivized to try to continue to do traditional financial techniques, maneuvering and watch them like just get bit by the greed bug, even though like Bitcoin goes up, what, like 100 percent every year on average. And they rehypothecate their Bitcoin and then they just get margin called and the whole company comes out like, how glorious would that be? I want to get Mag's perspective on this. Yeah, I'm just wondering, why would you risk it if you're that big, you're earning a lot of fees, just just take your fees, just like FTX, just take your fees and live off them, you know? Yeah, but but but that hasn't stopped Wall Street in the past, has it? No. OK, all right, we might see, you know, what's interesting also is that every cycle, the exchange, the exchange, there's always an exchange blow up and the exchange blow up is bigger than the last. So I'm a Quadriga bankruptcy inspector. We just distributed, by the way, last month we beat Mt. Gox. So could you talk about what happened? Like, is he is he really dead? You know, OK, so before I joined and and just went the bankruptcy process first happened, I thought it was just so weird the way he died. Right. So he died. He took him in the hospital. They took his body back to the hotel, then brought it back to the hospital. The hospital was like, no, the same standard procedure. So they had to take it to university that had some shady pass. And I'm like, this just seems weird. But looking so the Ontario Securities Commission did a really big report on where the money went and he lost a lot of it trading, like made bad trades. He was doing what FTX was doing. And just he lost about one hundred and forty million, which was like off the top, maybe sixty five percent. And then like a bunch of it was hard assets that had cash and houses that he bought with our funds. And so I was like, well, there's not that much money left. So if there was like this huge chunk out there, I'd be much more likely to think that he's alive. But like I went from eighty five percent to like ninety eight percent sure that he's dead. Gotcha. So wait, Niko, what what Magda is saying is there's hope that Bitcoin brings down BlackRock. There's hope.
Market Analysis Report 02 Mar 2023
"10 a.m. Thursday, march 2nd, 2023. Market analysis report march 2nd, 2023. MT gox creditors to finally receive their Bitcoin Australia, announces CBDC pilot Robinhood crypto wallet rolls out on iOS globally
Why Rep. Marjorie Taylor Greene Objects to the 2022 National Defense Authorization Act
"We have a very special guest on the line none other well you know have friends fellow. Patriots called mt g representing georgia's fourteenth district congresswoman. Marjorie taylor green. Is it true you just left the flow of the house. What's going on there. Tell us give us an update. Yes i did. I just walked off and i'll have to be heading in here in a few more minutes. We're voting on amendment after amendment Most of this is going for the nda. So this is one of those wild weeks where vote after vote Most of them are democrat amendments. Because as you know they usually don't take republican amendments and some members of the freedom caucus have said that the nda should not be voted on by republicans until we see certain other actions taken by the white house. What's the state of play is going to go through. What's the latest number. Well there's a lot of us in the freedom caucus that are taking a stand against it we are. We're against drafting our daughters strapping young women. Especially when there's seventeen million young men eighteen to twenty five already signed up the flex services and our current Active duty military forces or at one point three million. And we're not even at war so there's no need to even be talking about drafting women at sample ridiculous. Of course we know women are capable and they're equal but we're just not into drafting our daughters our our wives and and don't think that that's that's necessary. It's another one of those Racing gender you know social issues. It's just pointless with that we can't trust this. How can we trust the military the leaders especially after they abandoned americans and and look what they did they arm the taliban so there's a lot to unpack
"mt" Discussed on Mt. Rushmore Podcast
"They thought it was freak so it was great chic to be african so that belus it is amazing that to get back to what you're talking about michael. The idea that the ramones wound up becoming this beloved banned. Yeah like by the time that they retired like everyone loved the ramones. They're just part of the culture and they were just adorable. I would be. I would remiss not to talk about was it johnny ramone. It's buried hollywood. Sent all your hollywood forever and just this kind of iconic. He has just this iconic gravestone. Etched is very beloved. You can walk by and right whenever you go to some spf. But i love that idea that this band kind of went from being like these scary outsiders talking about beating on brat with a baseball bat. And how kind of like that was dangerous. And you know certainly something. You didn't want your kids to get into I was on. I think the night flight website to get back to them to mention them again had a add the other day they posted for an after school special from nineteen eighty there was. I think called. My son is a punk rocker. Bernie couple starring in it and it was like one day. What happens when your son goes from a nice quiet kid into a punk rocker and the kids eating dinner and he's got his mohawk like short sleeves reply off and that was in one thousand nine hundred and that's what we thought of. That's what we that's what you know. The adults the grownups squares in the room thought of punk rock. So somehow the romans were able to go from that to almost like cartoon characters literally with the simpsons yes and then also also with just like. Oh i can get a baby onesie and i can get an infant onesies. Has the big ramones in on it. I'm sure you can get it for anybody but like it doesn't feel out of place. It's just an american band. That like you said is beloved right. And i think they were bundled with punk or they were pretenders pump but then kind of buttle bundled along with it but there was an aesthetic that punk that was independent diagram lack leather jacket. But the ramones didn't do the you know the safety of the nose of the mohawk anything like that just had the haircuts and things like that. It's long page boy. It took about ten years or twenty years for people to realize no. They're really kind of have a really kind of a throwback oh for sure for sure the very the generation that was was down on them was really the one they were kind of honoring music. That can't that generation grew up with okay. Hey it's time to give some picks here before. I'm going to bring up.
What Strategies Can Help Boost or Potentiate Fasting Results?
"If you've been doing intermittent fasting for awhile. I think at the bare bones. Basics you wanna make sure that you've got asleep. The stress management that nutrition piece style then and then on top of that. I always encourage women to switch up their fasting regimen. So if you've been doing a sixteenth eight sixteen hours facet with an eight hour feeding window for years and years and years. Guess what your body gets acclimated. That's why it's important for us to not eat the same foods everyday to not exercise the same way every day. That's why it's critically important to change your fasting patterns Day to day week to week monkey month and so the first thing that you can do is integrate doing twenty four massive already in gotten through adaptation. You know your your body is fueled on fats as a fuel source As opposed to carbohydrates. You feel good I would incorporate at one twenty four hour fast a week and it's not nearly as hard as people anticipate it will be or if you've been doing six zero fast go to twenty hours faster doing an eighteen hour faust go to a twenty two hour vast That's number one. See one of vary fasting windows and feeding windows number two. I always think about the fact that there are ways to integrate herbs and supplements into your diet that can help boost the benefits of a tafkaji. Which is one of those key benefits where were scavenged disease disordered cells and I i think it can be hugely beneficial to consider supplements like bergreen and it doesn't have to be on a daily basis. Maybe you cut a big dinner. You've you've overindulged Burbank can help with insulin sensitivity. We know that it can when taken on during fasting episode again help boost some key nutrients in our body that require some support whilst ousting in other surgeons and mt k. and things like that I also think about just the ability to consume polyphenol rich of foods so green tea. Black tea coffee. We know they boost fat. Oxidation and oxidation means boosting using fat as a fuel source as well as the polyphenyls are really helpful helpful. Megan also potentially the benefits of being a tafkaji. When you're
First "Murder Hornet" Nest of 2021 Destroyed in Washington
"Murder hornets. So these things popped up in early twenty twenty and we kind of forgot about him because of cova and forgot about them. I've been tyler. I've remained vigilant. Well unfortunately they're back The i asked was in washington. So that's good news. But i'm sure billy's on the lookout for more.
"mt" Discussed on Mt. Rushmore Podcast
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"mt" Discussed on Mt. Rushmore Podcast
"Has no understanding your idea at all that he's off. Yeah he doesn't these he is the oath that is out there and his own plane. Yeah who just doesn't understand that. His actions are fish and are causing harm and trouble for other people. Just want to help. Yeah and he just wants a friend And he's found somebody that he thinks he can help and be a friend to and he is determined that he is going to help get this guy back home to chicago Even though he doesn't see that all of his actions are actually keeping him. Yeah from getting home to chicago and making the whole situation worse and and in other hands this character could have been very unlikable. yeah the way. Even the way he's written just sort of you know the over the top nature of dow could've just could have been somebody like okay. I'm sick of this guy. I get it. I understand why. Steve martin doesn't want to be around him anymore. But the fact that it's john candy and john candy could kind of just turn on the kind of charm. Yeah you believe that you would still feel bad for dell and let him try and let him try to help you even after all of the shit that he you through. Yeah and i think that's. That's that's something that is unique. Maybe an oath is this sort of idea that like you said with Without us from from superman maybe maybe let mister luthor feels bad for him or there's just something about him that just makes him kind of allow him to keep working for him. Yeah even though deep down inside. He's got know he can. He can go to head hitch. Men's are us and pick up a better henchman. The instrument union could probably send over somebody a little bit better in much. The same way with with dell i mentioned luthor believes what what martin's character learns. Is that an oath blunders. His way through life for better for worse and that he often will blunder them out of a bad situation. Because i think of his innocence. Pbs people have can just feel the hit of naive coming off. this person. There is something like you just the innocence of an oath. Yeah all of these characters. Pretty much that we have talked about are very innocent characters and they have a strong sense of loyalty I could see though if it was belushi. Playing that not that that would have been a possibility but now it would have even blue karski. Has this kind of edge to him. That would is almost seems. Pollution seems dangerous. Yeah i mean. There's a reason why neighbors were on. You've got baluchi playing the straight man. It's not gonna work. And yeah. I mean there's any number of character actors. Who probably you could have envisioned to some extent in the role but there would have been like you said this sort of edge to it or this sort of meat. Maybe this meanness crossing over into it. And john candy is able to place someone who i can think of johnny larue character. Setv who does horrible things sometimes is complete an insensitive claude. But he's so charming and and and and just you you wanna give him a hug. Yeah no matter what. Yeah the I forget who it was. It was a writer. I think it was an a tv writer. Because i don't think it was another cast member. We're talking about being assigned to go write a sketch with john. Candy and It was he was just griffith the whole time like we got. Gotta write the sketch john. I will write a sketch after you catch a fish because he has a lake on his property so they they fish for five hours and he hasn't caught a fish. Okay well let's go right skate. Go right this sketch. After you see every car. I've ever owned and he's got a garage the every card that he ever owned. And those guys like on this fools quests john candy that's yeah heart michael final. My last oath is the very sweet natured. Dog doug from up. That's nice one. Eight where doug is just the most well like many dogs. You've ever met the most well intended. Well natured lovable. Just wants to help out just wants to be your best friend in you. Know in spite of his own kind of intelligence lack of Introduced to this guy as he comes up to his like hulo. I've just met you. And i love you. And he's speaking through this robotic caller and you know karl as as the stick in the mud. The carl reiner is a coroner writer. No ed asner. Ed asner lou there. You go you know. He's just so resistant to anybody whether it's The little boy that journey accompanies him on his journey or anybody. He's he's just he's he doesn't want anyone in even the most friendliest dog in the universe. And this dog is just put upon by like the the Doberman pinscher melva character. But he's just going along he's a head know he's alpha character. The alpha dog is basically you know the evil henchman of the main villain. Whose name escapes me too. God this movie. I've seen once maybe twice. Yeah so i don i. All the character names are kind of falling away but but he's just so endearing and so willing to help find this bird even though he doesn't really know what the ultimate purposes he's like. Oh okay. i'm going to go help when he the dogs think he can't help they send him on like a nonsense mission. Just basically do nothing. He can't really help us. He so he so uneducated and so just pushing aside and of course that those characters are the ones that end up. Impacting the story. The most these side characters that they're goodness and their strengths aren't Seen as necessary by the matt people in the world. I think what separates. I don't think a four gump as an oath kind of candy type of character. Who'd goes from one thing and he has an amazing number of talents for for a character who is deemed by others to have limited intellectual potential. Yeah yeah but what separates that off And i think sometimes it's just kind of size and and but forrest. Gump definitely has the kind of demeanor of doug saying yes to everything in the world end hasn't has never met. A stranger is not met a person that he didn't love and support. And yeah yeah you. Having recently become a dog owner. I was thinking about this. And about how often generalize thinking about dell griffin. It's basically john candy place him as just like your big. Saint bernard yeah. There's just a big just a big dumb dog and that's how how so many of these off that we've talked about in this episode. I.
Leadership Lessons From Trekking up Mount Everest Twice
"But i love the story you told during your x speech where someone said. Well you went to everest. But you didn't get to the top choices. I guess she didn't get to the top ever so you can tell a story about being i think. He was at j. P. morgan or smith barney. Right j. p. morgan central. Tell that story to our listeners. Because i think it's brilliant story about failure and success. Yeah so so understand when we got back from the mountain in two thousand two as the first american women's expedition sponsored by the ford motor company. Because were the first team of american women attempting this mountain. We had a lot of media coverage four hundred fifty media outlets fodder climb and then we didn't make it and so we had to go back and do the big media tour talking about this failure and it was such a public failure and to have to talk about this failure constantly. All these media interviews just felt like a punch to the gut right because everyone was so focused on the fact that we didn't make it and i really internalize that failure. And i went to dinner party when i got back home to san francisco and the host of the dinner party was introducing the gas and he said oh. Hey this is my friend. Alison she just climb out address. And then the guy that was sitting across the table for me. He looked at me and he said oh no way. That's awesome all the way to the top and i said We'll know unfortunately we we were forced to turn around just a couple of hundred feet from the top storm. And he said oh so. You didn't climb. Mt ever and i was like. Oh wait. hang on hang on. I told mow story about how we spent two months on that now and we just had super lousy luck with the weather. You know we were just a couple of hundred feet from the top and had to turn back and gave him this whole lecture about getting to top optional. Getting down as mandatory and he said that's all great and everything. But here's the you know. The bottom line is if you're in at the very top then you didn't climb it. It doesn't count. So i just i was like all right What do you do tough guy. And he said. I worked for j. p. morgan so of course i replied with Oh no way you are the. Ceo of j. p. morgan and he said no. I didn't say i was the ceo. I i work in fixed. Income trading my said. Oh well then. I guess you don't really work for j. p. morgan do because if you're not the very top that it doesn't
"mt" Discussed on Mt. Rushmore Podcast
"Just made that noise if i just make can make the boop right they wanna that. I didn't really scan you. Put the thing down. That doesn't way and it's on on on the scale. How you how does it know how much this exactly ways. It doesn't doesn't. It's it's eleven eggs. How does it know so when you brought that up do you. Have you stole anything michael nothing of like any. I don't remember anything of any particular value. Probably took a candy bar or something from like a whatever just to try it. yeah whatever. I have a vague memory of going to a friend's house and like stealing one of his toys. Really i really wanted that. He man character named squeeze who is guy with these big long snake arms. And i just took it because i i could the ten. And maybe when you're playing friend's house and things get lost all the time in my head in my this all right manfredi what your third my third one and i referred this a little bit with my beatles choice Was the idea that this was. The beatle mania was kind of the be model for some modern version of the big chemical mania or like the biggest version of that But it may not have been the I historical version of this I am talking about listening listening mania. Yeah which is not just a pretty decent Russell was pretty decent phoenix song or a pretty bad shit insane. Ken russell movie which i do. Remember watching the movie list of mania. Because i had watched the. Who's tommy. i thought. Well that's this movie's crazy. But it's kinda crazy like in a fun way and then you watch list of amiens like what happened here if you've never seen it guys. It's just like pates hedera. But i'm talking about the actual list of menia franz liszt the piano player and composer Basically was the first rock star of music before there is such a thing as rock and roll. I he was the first guy to get up on a piano recital and actually start the recital from walking in off the wings before everyone just the audience came in and the pianist was already there and then he started and that was kinda he actually walked in from the wings to rebuild a little bit more excitement He was the first person to work from memory and not from cheap music. Oh there's actually considered to be Arrogant to work without sheet music at the time but he thought it was something to create more of an atmosphere but more of a performance and he would do things like he would turn the piano so that he was the audience could see him and he used this really good looking guy had this long flowing hair and so that they could see him sweating and the hair flowing and his beads of sweat coming off him and so he was. He was well aware of his potential for doing something that was could incite an audience. And he did he would you know. They're the term list of media was something came up in the press because he did this tour of europe and people especially women in their twenties to forties. We're just going nuts. No storming the stage After his performance if there is a broken piano scrape string. They'd fight each other for it. If he had a cigar that he'd smoked a suzy. Put it out some woman we come up threw it up and keep it as a souvenir and and to me..
"mt" Discussed on Mt. Rushmore Podcast
"Greetings and. Welcome to the mount rushmore. Podcast we are excited because After a year or so of being remotely connecting with each other to record this podcast. Michael richard myself together back in the studio so who des fanfare for sound quality sucks. It's just connection. We can't blame zoom. Yeah but we that that is the only thing this change. We're still doing the same thing. We are rating reviewing Debating deliberating the most ubiquitous aspect of a variety of topics. In this week is no different. Is the mount. Rushmore of mania. Is richard thunk it up. I don't know why i thought of this. Necessarily i think i think i was thinking about one of the ones onto the list I have okay and it just got me thinking you know. There are a lot of things that have been called something mania. Yeah this thing is this is this is a phenomenon that happened throughout history. Right on okay. So let's dig into it okay. I love it. Richard chose it. So michael starts so my first choice. It's probably the one that you might have thought of richard. But you know. I'm going to say wrestlemainia. Oh yeah that's where. I love the idea. I'm sure we'll talk about the history of it. But i love the idea that these people that are in the ring are potentially so crazy and obsessed about wrestling that they're they have this neurosis They're like they're so motivated can't not but wrestle. They cannot only once or twice a week on the broadcast. Then once a month on a paper the but the wrestlemainia as as a concept you know. I just love the idea that people are. You know they dress up in these crazy outfits and they have to do it and they have to get in there and you know have a parrot on their shoulders well or whatever you know is going beyond the normal logical reason amount of wrestling that should exist in a person's life so that wrestlemainia is an inordinate amount of wrestling. Ever yeah i know that throughout the years you know it. it's probably should've have changed to wrestle. Palooza and then. Our wrestle wrestled get in when they just started adding the different the different suffixes on but You know wrestlemainia started in the early eighty s. Where vince mcmahon You know ceo or whatever he is voter owner of have you know started going into all these other people's territories and buying them up and then decided. He wanted to put on a big kind of nationally televised event and they did it through. I can't remember what the name of the system is. But basically it's like they had a bunch of people come out to see it in the arena but then they also broadcast it live to movie theaters. You'd have to go to a movie theater to watch wrestling..
"mt" Discussed on Mt. Rushmore Podcast
"Ladies gentlemen you have the opportunity to get in the dialogue in regards to what our future topics are. You could go to twitter. Instagram facebook in search for mount rushmore podcasts. And you're gonna find a thriving community Full of intellectual discourse in which Legions of literati are vying to nominate and then debate and then elect the next topic that we will discuss here on the program so at your voice to the throng of people who are a thriving to get their voices hurt. Did you hear me laughing. snicker i think your water heaters blew up again. I heard like a gas league. Let's not start with that Oh my god are. Tankless water heater was messed up on a cold. A general plumber not a tank. Water heater special. This guy comes out and he's like a like a two year. Old fidgeting with one of those busy boxes spinning any nabi can find. What's this. what's this do. Yeah this seems broken. Yeah no fucking michael not to not to bore listeners with it but our water tank went by and i think we have to split up. We have to break up with our plumber. The whole no. Oh no okay well you could do that you can join the thriving throng of thousands.
"mt" Discussed on Mt. Rushmore Podcast
"So they each allowed themselves space to make a go off and do their own solo stuff and then come back. You know six months later a year later. Okay time for our album and our year long tour now. Virtual freddie standing for open relationships got he s check. But i think that that's the difference versus beatles. Where was i think they were seen as such a a unit together that it was almost unthinkable. That yeah i if i remember correctly i mean paul wanted to go off and do a solo album and then come back and the rest of the beatles like basically. You can't do that. We're the beatles wait. A second just didn't compute correctly. If you look at the i i love hearing you guys had to say about it because it's always been a mystery not a medical one to me why it hurts so much that the group broke up and i i looking at the cover of a hard day's night and the promotional material for hard day's night and makes me rewind back to when i was a little kid and looking at the albums of the beatles for the first time and not being able to tell them apart so they had a familial resemblance that much of the world and definitely america You may refer to us. It made them indistinguishable so they seem like brothers or family. To begin with so a family doesn't break up and then they sound and works so well together as a as a four on the floor rock and roll unit and they were the progenitor of this idea of a band. So it's the idea of Creating this nucleus that they put it together for the first time we didn't know at that time when rock and roll with evolving into this next thing. We didn't know how long it's gonna last you know if you hear. The beatles interviewed earlier even the stones interviewed early as much as they love. They don't think it's gonna last either so for them. I d right for breaking up there. Like four fucking surprised. We're still together. You know what we did paul. I thought it'd be writing. Bond themes earth's songs for clark or something like that you know who knew that we'd still be a group so the fact that they seem like they were family to begin with for me as a kid. At least i saw them and then the idea that they invented this thing. We didn't know that they could destroy it. I know they didn't invent the rock group but it was always seems like it was bill haley and his comets. Or or buddy. Holly crickets yeah..
"mt" Discussed on Mt. Rushmore Podcast
"Greetings and. Welcome to the mount rushmore. Podcasts name is jeff joined as usual Forever never gonna be separated from these guys by richard elo and michael. You're still there right. I don't know whether we lose. Auty pleaded turn on us. Okay okay richard and michael. This round on the mount rushmore. Podcast will debate and deliberate mount rushmore of breakup. Richard yes was. This has. This has nothing to do with us. I just get so worried. It has everything to do with michael. O off breaking up with. Michael all my. I'm glad i'm glad this is. This is this isn't us. It's you said. I'll be better. I'll do change. I'll wear whatever you want. I'll wear that outfit. You're like okay. No seriously i came up with this. Because i was an whether or not. I don't know if michael you probably don't have this on your list. But i was thinking about how funny it was when sonny and cher got divorced and then they still have to do a tv show every week as a divorced couple No as sonny and cher aren't on my list. I thought of another couple that ultimately did make my list that are stat. Same sort of conic duo. That were like miserable together but they just had to do the thing but yeah it's a yeah so the district their miseries. Funny i notice. Funny righty setting. How all of the Share jokes about some height. All that stuff just doesn't seem as funding when you know that they're divorced. And she's like begging gregg allman. She's doing paul stanley or gene simmons. Family well yeah okay. Well we got it though the mount rushmore of breakup. So the reason you've wanted to do this was because of sonny and cher. Kinda i thought about it popped into my head. I thought okay. Breakup rule in a way. It does seem like a the flip side. Or i guess the progenitor of couple of episodes ago when we had Discussed duos and the things that can happen to them after they are no longer do. Oh so But a record could be more than one person. So richard thunk kit michael. I think we're all thinking. My first thought was the beatles. Okay all right. And i think what's interesting about. The beatles is that they would like the ultimate. they should get back together band. That never got back together. lost the opportunity to get back together. It's the couple that you were like gutting so good together. Can't believe they broke up over sweat such a stupid reason. Why are they to make. Such great music weren't they. Just get back there. My favorite i grew up with them the different beatles and then you know couple of years go by and paul john or kind of at each other's throats writing songs about each other making fun of each other and john goes off into his weird end of them. You know wearing army jackets phase and then he takes more time off to raise his kid which is actually somewhat admirable. And then by the time he gets back he's you know thirty nine forty. He's grown up a little bit and maybe there is a chance then he goes and gets himself killed like selfish bastard but i think that that the breakup of the beatles is one of those things that you know if like if like the platters broke up or like another band had broken up. It's like okay. Well that bans to stop. Stop them making music together. They felt like the first like kind of familial rock and roll band. They were just those four guys. Were making your music. You're growing up with them. I was personally wasn't alive but like they had were of..
News Companies $38 Billion Better Off Since Pandemic
"The. Us case largest publicly listed news companies are now worth thirty eight billion dollars more than they were before the covid nineteen pandemic. this is golden system research from present. Which found that newscorp new times thompson reuters daily mail polish. The mt and the mirror group owner reach are among those companies have seen that stock market values increase since the end of two thousand nineteen important to know not every media organization has whether this as well include yes they include adver instance i tv which has seen a reduction in its Share price as a result of catastrophic. Drop in tv appetizing. Outspent butts six. They claim will sixteen of the news and information companies examined for the research have recovered from the depths of the corona virus crisis so we have spoken at length about organizations like the f. t. and the mit about why those guys have weathered the pandemic seriously well. Are you surprised that it seems to be assaultive across the board thing for every single one of the companies. They looked up. And this is a thing. The surprise me when i first read that. Actually when you think about it isn't surprising that the ads poice by this massive comeback this year. And you've got all these digital businesses that were re already hit by Got decline over the last like five ten years that ashley suddenly like having all these i think it's like travel alcohol rule these companies that have wasting everything to open over the summer this throwing like a years worth of marketing budget at digital media companies must been spend. I thought my point people may spend money but no one's been responding to advertise in the sense that you will ties to all of the law. How are you going to do Yes it by a car. Well so the traditional arabic ad spend is the. I'll just haven't been able to spend all wanted to spend
DMX dies at 50
"Of 50. Rap artist whose real name is Earl Simmons had been on life support since last week after an apparent drug overdose, and after he suffered a heart attack fans had been attending vigils outside the White Plains Hospital. He's one of log greatest rappers of all time. He's one of my favorites. DMX have been battling drug addiction for years, his family said. Earl was a warrior until the end. Lisa G. NBC NEWS Radio New York Whole hikes go into effect at Mt. A
"mt" Discussed on Mt. Rushmore Podcast
"A <Speech_Male> <Speech_Male> a <Speech_Male> buddy from chicago. <Silence> <Speech_Male> Talked <Speech_Male> about this kind of long running <Silence> prank <SpeakerChange> <Silence> <Speech_Male> <Speech_Male> i think it's windy. <Speech_Male> City heat <Speech_Male> <Speech_Male> Yes <Speech_Male> yeah it was <Silence> kind of a movie. <Speech_Male> <Speech_Male> I thought <Speech_Male> he was in a movie. <Speech_Male> And it was kind of just a <Speech_Male> big structured prank <Speech_Male> around this <Speech_Male> one. One person <Speech_Male> berry <SpeakerChange> <Speech_Male> carabello. I <Silence> think yeah <Speech_Male> so. Yeah it was <Speech_Male> <Speech_Male> Go ahead jimmy. <Speech_Male> Kimmel was involved with <Speech_Male> it. If i remember <Speech_Male> and <Speech_Male> adam corolla <Speech_Male> which is unfortunate <Speech_Male> but hey jimmy kimmel <Speech_Male> was with <Speech_Male> <Advertisement> yeah <Speech_Male> <Advertisement> and now <Speech_Male> bobcat. <SpeakerChange> Goldthwait directed <Speech_Male> it. <Speech_Male> Oh yeah <Speech_Male> so. Yeah this guy <Speech_Male> <Speech_Male> Thinks <SpeakerChange> he's the nfl <Silence> <Advertisement> noir <Speech_Male> <Advertisement> <Silence> <Speech_Male> drama <Speech_Male> crime <Speech_Male> film. <Speech_Male> But it's <Speech_Male> really just structured brain <Speech_Male> to kind of torture this <Speech_Male> guy <Speech_Male> <SpeakerChange> funny. <Speech_Male> <Silence> I love <Speech_Male> it <Speech_Male> so okay. <Speech_Male> Dudes <Speech_Male> this has been fun. The <Speech_Male> mount rushmore pranks. <Speech_Male> Happy <SpeakerChange> fools <Silence> buddy <Speech_Male> <Speech_Male> <Speech_Male> i. Let's go <Silence> with the hot <Speech_Male> foot <Speech_Male> that's classic. <Speech_Male> It's <Speech_Male> in cartoons. <SpeakerChange> <Speech_Male> It's in sports <Speech_Male> <Speech_Male> <SpeakerChange> <Speech_Male> <Silence> and <Speech_Male> <SpeakerChange> because <Speech_Male> it made me nostalgic <Silence> for <Speech_Male> <SpeakerChange> <Speech_Male> the early days of <Speech_Male> or simpson <Speech_Male> than the simpsons <Speech_Male> <SpeakerChange> the <Speech_Male> prank <Silence> phone calls. <Speech_Male> You're <Speech_Male> shut up little man. <Speech_Male> It was also kind <Speech_Male> of in that same time <Silence> era <Speech_Male> <SpeakerChange> where <Speech_Male> <Speech_Male> somebody recorded <Speech_Male> these two roommates in san francisco <Speech_Male> just yelling <SpeakerChange> each <Speech_Male> other. Oh yeah. <Speech_Male> I was <Speech_Male> introduced to that when i was <Speech_Male> working at the <Speech_Male> newspaper. <Speech_Male> <Speech_Male> Newspaper writer <Speech_Male> and i <Silence> became obsessed <Speech_Male> with it and <Speech_Male> my wife. Sarah <Speech_Male> hates it. <Speech_Male> And so i <Speech_Male> would play it an <Speech_Male> car rides and she <Speech_Male> would just like <Speech_Male> nails on chalkboard <Speech_Male> for but <Speech_Male> i just was fascinated <Speech_Male> in everyone's while <Silence> you come up with a <Speech_Male> oh. Here's <Speech_Male> one that i hadn't heard before <Speech_Male> he a trade <Speech_Male> it with people and it was. <Speech_Male> There's there's <Speech_Male> even a documentary <Speech_Male> about shut up little <Speech_Male> on netflix. Now <Speech_Male> via <SpeakerChange> chance to <Speech_Male> watch that. It's pretty good. <Speech_Male> Is it like <Silence> the guys kind <Speech_Male> of re i <Speech_Male> forget. I seem like. I've <Speech_Male> seen it. But i <Speech_Male> was one of the things where they <Speech_Male> people reenacting <Speech_Male> these characters or something <Speech_Male> there were <Speech_Male> cartoon versions <Speech_Male> of okay <Speech_Male> of of <Silence> <Speech_Male> Of <Speech_Male> the shut up little man <Silence> guys. <Speech_Male> Yeah <SpeakerChange> <Speech_Male> okay and <Speech_Male> <Speech_Male> <hes> jerky boys. <Speech_Male> I <Speech_Male> like ben one. <Speech_Male> Did i say that. I like that. <Speech_Male> One adds go jerky. <Silence> And beastie <SpeakerChange> <Speech_Male> <Silence> i something attack. <Speech_Male> <Speech_Male> I'm <SpeakerChange> starting <Speech_Male> my own offshoot. <Silence> Podcast <Silence> <SpeakerChange> what <Speech_Male> <Speech_Male> it's the. <Silence> <Speech_Male> The <Speech_Male> moat rushmore. <Speech_Male> Podcasts <Speech_Male> it's about castles <Silence> in europe. <Speech_Male> Okay <Speech_Male> and it's about <Speech_Male> kind of <Speech_Male> surrounded <Speech_Male> by a ring of water <Speech_Male> <Speech_Male> to help <Speech_Male> provide some level security <Speech_Male> <Speech_Male> so <Speech_Male> i <Speech_Male> think it's going to be a <Speech_Male> competitor of this.
"mt" Discussed on Mt. Rushmore Podcast
"Yeah a is it. Comedians in cars with him. I think is there. Yeah yeah the so if you guys have not listeners. Not read this yet. Herb bread any of these stories. Basically it's this very martyrs come up with his character. Ted l nancy who is just a nutjob and he writes letters to corporations all over the world with harebrained ideas things that he needs for example he writes a marriott. Some sort of big hotel chain saying that he needs room for seven hundred of his of his hamsters. Because he is going to be performing a new play called hamster damn and he needs. He needs assistance with his with his hamsters and invariably he gets back these vary either it gets back and forum letter or he gets back some schmo in the customer service department who got stuck having to answer the crackpot letters but giving a very like a thank you for your letter we appreciate you thinking marriott however we do not believe we can accommodate your eight hundred hamsters at this time You know. I started off very murder story that he was eating fritos and decided the baggage said something like a problem right to us here at fritters and he thought to himself who would write to fritos. Yeah a nut. That's who and that's the whole idea. Came from i personally partake. Took it a little bit of this in high school I would start. I would call the customer service hotline numbers on various snack. Food items that we had would get for like break lunch. And like sodas and chips and stuff like that. Yeah the one. I remember is i called up the the Cheetos hotline it's right after flaming hot cheetos would come out and i started complaining wanting wanting to know what made the freedom. What made the chitose flaming hot. Because i was having some sort of allergic reaction to it. It was too hot for me. Yeah and progressively got more bad which is funny except the poor lady on the other end is probably thinking. This guy is legitimately having like nfl electric shock and his is like dying. Yeah so maybe not. As funny as i thought it was. So that's the maybe that's where the amateur versus a professional nutjob like barry marder slash. Ted l nancy makes a little bit is able to do his job a little bit more efficiently than yeah if either of you Gentlemen chosen anything. Like the national lampoon or any other publication Either one thing. I think um very martyr actually expanded upon in this age of era of email and trent corporate transparency. Very much so they got the guy really really. Those books are really funny. But there is a if you're a fan of don novello. Donald slow the last letter scale. So you know. A few a few decades maybe three decades earlier Don started doing the same thing in writing letters to presidents and politicians and culture figures and definitely companies in suggesting things like you know to capitalize on the writing mcdonald's to.
"mt" Discussed on Mt. Rushmore Podcast
"Well another guy. Jim comes along and again to kind of a fight. Nail kind of resolve that. They're kind of waiting out the storm in this in this little house this little tiny shack one room shack but they have food and they draw straws and eventually black larssen come the villain. He leaves the house ventures out. Well charlie chaplin character He's he stuck in this miss room with this with this and they don't have any food like all the it's all gone. So boy it takes off his shoe he boils it and the same that comes out of it is just as it's like this thanksgiving dinner presentation where he has. The shoe laid out on the silver platter. I i don't remember if he has like a limit a platter top top of he unveils it in. It's just like the horrible boiled black leather shoe and he starts taking it apart. In kind of dressing dressing the shoe and like eating like the the The shoelaces out liquorice and like the nails of the sheer coming out. And they're kind of like the bones of like a chicken ribs any search like eating them one by one and i think what is wonderful. It's like the guy is sitting there trying to trying to eat the show. he just. He's beside himself. He can't bring himself to do it. And i guess. I'm the original story was taken from the donner party. Where they kind of boiled moccasins. They boil their own shoes to kinda get some of the The leather soften that they could in theory eat some form of animal that has some sort of nutritional value in the extol. Whatever but like the most wonderful part about him eating the shoe is he's doing it so matter of factly so conditioned in his office. You know it's like just the thing he didn't laugh put some salt on like a nail like he eats. It's crunching inches. it's so wonderful and i dunno just. He's a shoe. That's funny. Isn't that the film also has the i the only time i've seen a live action. Cross fade between when a starving person looks at another person and then imagines them to be a turkey leg briefs briefly. Oh yeah yeah. I've seen that only in cartoons but not in live action. that's fun. I think rivals dinner roll dancing scene for comedy moving from the same movie movie. Okay optical bits he's not he's not gonna up and the giant giant chicken in across Would that movie made a couple of times. I thought there was like a repeat remake or something of so he made it in nineteen twenty five and then he kind of re edited it in like nineteen forty two and redid the music for it. Oh he rewrote music in k think that he might have added some speech to it like a voice over at the beginning once that you realize. Oh why can just different music track to. This doesn't have to all be ingrained on that. Whatever it was originally shop.
"mt" Discussed on Mt. Rushmore Podcast
"Let's do batman. Well okay okay. Okay manfreddy. I think this is. They are so. Hermes sandals were made for running. Then nancy sinatra's boots for damn well-made for walking of course the number one number one song from nineteen looks as he looks at up may sixty six at ring ding. Ding of mobster can't get his daughter song to be number one. What good is he exactly. Not very good. Doubt if he can't worst unfortunately it's a slammer of a song. Yeah so wet whether or not depend whether or not there were some nippy latian in the charts who the hell knows It's a great great song This great combination of nancy sinatra plus liaison would also say saw songwriter. The noted kook songwriter and producer. Who later would go off to sweden make albums. Nobody listened to you until twenty years later. When moore seat declared him may cult hero and then everyone decided to get back on the li liaison with train. But this is one of those songs. I very distinctly remember when. Vh1 used to have a before they had beach classic back in the ninety s. They would want they would run one hour block of like old music videos and and film performances from like the sixties and seventies and. I definitely remember the These are made for walking video coming up a lot because it was like one of the first kind of music video looking sort of things from sixty six and so the song always second mind reminds me of childhood even though it was it came out ten years before i was born But but everybody knows the song everybody knows the baseline and lyrically. The song is just as i'm going to quote tom from stereo gum. Which you guys are not paying attention to his The number ones column where he basically does the review every number one song going all the way back to nineteen fifty five Please check it out. It's basically as he said. It's an endlessly replaceable. Evisceration of some asshole guy who's been messing where he shouldn't have been and it's great. Nancy sinatra can't really sing. She's not she's certainly not her father sees arguably not even her brother But what you can do is tell a story in in her sing. Talking is absolutely perfect.
"mt" Discussed on Mt. Rushmore Podcast
"Ratings and. Welcome to the mount rushmore. Cast that's right podcast. It's not the mount rushmore supermarket. Not no not real commuted that not mount rushmore cement company. No we at the mount rushmore. And we're not the mount rushmore clubhouse channel. Have you been on clubhouse. It's like some people are just talking. It's like a walkie talkie. Somebody left a walkie talkie on the table. And everybody's talking at the same time it's awful. It's actual worst nightmare for a horse horrifying. Somebody left the phone particulate readings. Podcast my name is jeff and i'm joined. This is my good friend. Richard aloe and michael. How at you know the drill. We talk about stuff and we rank it and this episode. I have chosen a topic. Because i want to hear what these guys say about it. The mount rushmore fictional shoes fictional shoes. Jeff why did you think of this one. Thank you for asking for You know shoes are fascinating items that we hold very close Happen to be personally supporting the Production of production of about of a musical about a princess who goes to the ball and leaves behind her one magical shoe and so i've i've been Editing this and people are singing about things about the shoe about the this know that and so it was something chief on my mind and then i thought about how many shoes there are in in famous Movies tv shows in probably novels. And things like that. That are that. Have some import whether it's magic or Meaning or something like that or mystical notice. So love it. Yeah next week will be gloves. That handkerchiefs handkerchief is provide the monocle. This this episode is always always. We're sponsored by a magical accessories sales gel thing. Okay all right. So you know jeff jeff before before we get started. I don't know who's gonna go first. But i would just like I that that to get us on the right foot. I would like to say that we say a prayer to bless this podcast of go to saint huggins. the patron saint quality footwear. Yes they're saint husbands blessed by be the name on. Its night may are arches. Never ache may are laces never break. Please watch over our souls and our souls. Ahmed all that was i feel so much better shirt who i pretend to pray like out a wedding or something when everybody says now. We pray like that's amazing. Thank you set the tone perfect. Okay so Michael gophers fuck barry. My first choice is the ruby slippers from the wizard of oz for so also on my list. Good or if you want to go by the book Silver slippers but them the vary. I probably the most iconic piece of footwear ever captured on film. the ruby slippers were from silver to ruby because of the introduction of technicolor so that they would be or eye-catching be something that would really stand out against everything in that movie is..
"mt" Discussed on Mt. Rushmore Podcast
"You change a menu revert back to being a coward like you have all this experience. It's not like he forgets it. It's not like it is a transformation that seemingly alters his mind is well it seems like okay he knows he becomes battle cat. Human or prince adam nosy becomes he man. These things are like these adventures are known yet. Every time he turns back to spokane coward cat. And it's he has his gross little coward voice pause over highs in everything but a hub. I would love just this this animation. you know What was the thing that hand barberis to do where they like wacky races. Skit wacky races to get all the coward chemicals together. Get get snarf from the thunder. Cats get cringe in Scooby and get awesome. Get maybe jabber jaw to every jabber jaw coward. But he feels. Like i don't know he was curly. Essentially from the three rightly. Yes and baggy pants was charlie chaplin. I think back. Its yeah. I love i love. The idea that at some point was at a development executive said you know will. They'll each have these earth are these kind of normal mild mannered alter egos but the kathy real. What really gotta be gotta be like that. I mean i don't know. But like i i only thought of it just because we've been doing these paper dolls. My kid is just you know. He's just scenarios look in his book. Try to be funny. Gore vicor whiplash. She's says pointing at the characters. What's that one that was hodak or that trooper last attack again. A lot of love. I love the idea. That whole hates. Banner oh yeah. Banner compared to whole banner to hoke. Is this puny nothing pieces. Who could probably cure cancer. If you've got enough time between rage fits but there will be fun. That'd be a fun take on. Hulk is to banner just cowardly..
"mt" Discussed on Mt. Rushmore Podcast
"Daniel runs out to help her. Saturday transcend mini says You'll you'll go help to a says that that was derogatory It was just an impersonation was just i. It is i have in my head. And he won't do it. He cowers pulls himself back into this crowd of people's women and children at men old man in the crowd. Of course daniel and sato helps. The girl and a satire turns to his nephews. You you are not my nephew at the guy runs out of the building. He runs into the night on never to be again. Of course the next day is the night of the big of the big festival and daniel's dancing with his kind of girlfriends and then here comes chosen sliding down these this big like wire of electrical lights and has a big fight and yada yada yada. Daniel wins but this is great. I love seeing villains. Have this bravado in being so tough up until the moment where they're just like that. The metal that the rubber reached the road near metal is really tested than they just like. They cower back. They proved they've always been always been opportunists. And not people that actually do the right thing or to sound so great. He's so great. It be having these two aspects such an asshole he such a coward and i just gets me a toxic idea though is the idea of bravery and the ability to what the one thing that the senators who voted to acquit. Weren't being faced with You know there wasn't a gun their head or whatever they had all this time to contemplate and do the wrong thing but like is it a toxic to say that one could one live their life. The rest of their life just rating themselves. Because in this moment they blink flinched in that moment. They they're a self preservation instinct took over but it's if it was like okay so for for someone like that. I like these republican senators. Like they had a moment to think about it. It's not like they were steadily presented. This thing in the middle of all of a sudden it had it was a month later they lived through this dude like the deliberations and yet they still persisted being cowers.
"mt" Discussed on Mt. Rushmore Podcast
"Around seventy eight point. Seven percent of that party is that it is stupidity listening to blowhards plus a selection of people that are just so devious and so a chilling chose the they chose the party and the platform. That in my opinion was easiest to sway informed. They listen to fox news and now what does the other one news america or whatever the the new thing though like the it's like costco and then sam's sam's club of these news outlets and now they're stuck with this base that here's one binary communication if they don't if they vote to indict trump then their base. Here's he's an anti-american coward communists. That's what they hear. They don't hear anything like the sky. Was the person voted for what is the definition of insurrection as defined by. It's just one note thing so it could it could have been been Trump on tape. Saying i wanna do when insurrection and they would have been like but what but. What does insurrection me in. That's not such a bad word. I it's it's the bill it's the bill clinton thing of. What would the definition is. There's us or he was kidding. They're basically their base would here. He voted against america. That's what that's all their base would here and those those assholes chose to reverse that base. So it's it's their fault but they're also stuck in a place. Where oh my fucking god. I can't. I can't believe this exactly. I'm not a hate to make richards point for him. This goes exactly to the point of cowardice where you're unwilling to make a tough choice. You're unwilling to go against The people that voted for you because of what is the morally right thing to do. I think there's an aspect of being a coward where there's a moral lack or there is a schism between wet. You know is the right thing to do versus what you are choosing do actively and literally. This is what it is more all these people like. I don't think any of these fifty sixty and seventy year. Old senators are going out there and aren't fully equipped to have seen everything to have been running for. Their lives.
"mt" Discussed on Mt. Rushmore Podcast
"Just like is is just a mess is literally character that is just a mess end up i love de he's at the time i wonder how familiar that character that persona was associated with bert lahr. And it's like ray bolger. These guys were all kind of like famous performers by then it would be like we had a movie now. Johnny depp is playing. You know the the any care to the johnny depp plays already. He brings within this this persona already. And i think lar- had done so much vaudeville and done even done beckett and dental stuff that he when audiences saw him as the cowardly lion. They probably knew he's going to do that. Dick probably he brought with him into that character as a kid. I remember actually being kind of afraid of the line and then oh how excited i was that he was he wasn't mean. Oh man fun choice. As i do do like eight other always a he scenic just shit about it. My kid wants to watch the only things he wants to watch. Usually is The nightmare before christmas and What else to see really interested in One or two specific episodes of batman animated series. It's mostly because poison ivy throws a clot of dirt into harley quinn's face and he just thinks that's the funniest he's like one after the earth myspace and like the entire episode goes by literally like the sting at the end. Okay yeah he seen it but he does take much of it. I don't know it's weird. Gets he's three going on four and he does. You can never predict what is going to be into until one of our later choices. Oh so unlike unlike I guess a cowboy character should be brave but There are some cases of cowardice in which the person is not a warrior. They are not fighter. They're not expected to be brave. But the king of the jungle is supposed to be the brick. It's supposed to be without predator things that big song if came second. Yeah that's good stuff. That movie was pretty. I think of Jungle book jungle book where mogi is lost in the jungle for drunken vaudeville entertainers. That reminds me of what that was In wizard of oz. Okay man freddie what do you got. My second choice are these. Republican senators voted to quit a great choice. These guys i thought about reading off the full list of of republican senators who are are exempt from this year. Mitt romney's been passes but you know what they did the bare minimum. They don't deserve to be called out for anything special. They did exactly what any person with any sort of conscious conscience or courage would do. It's just unbelievable to me that that the trump basically led this insurrection that that that got a angry mob to storm their office where they work basically. Yeah and even like mitch. Mcconnell will sit there and say well something you know. Trump's should definitely be sanctioned for this or there should be consequences for this because this was really awful then when it comes yeah when it comes time to actually do something like impeachment..
A history of Mountweazels
"Suppose. I wanted to start a company that sold maps i hire cartographers and spend a lot of time and money going out and gathering data. Because i'm just documenting something which exists in reality. The end result of all my hard work and investment is going to look just like other maps. That are out there already. So why couldn't i just skip all the effort and copy the maps which already exist. Sure i'll change the font and the colors but fundamentally the end result is going to be the same either way right. This is a big problem for any maker of reference products maps dictionaries and encyclopedias. You can't copyright facts but you can take steps to show that someone is a plagiarist or violating. Copyright they do this via copyright traps copyright traps are nothing more than false information which is putting reference material to catch people who copy their content. If you copy everything without checking you'll copy the false information which will be evidence of plagiarism. Promos famous example was in the nineteen seventy five new columbia encyclopedia. they created an entry for one lillian. Virginia mount weasel. They created a full entry in the encyclopedia for which was totally fiction. According to the entry lillian. Mount weasel was a photographer who was famous for her photos of south. Sierra me walk whatever that is according to the entry quote. Mount weasel died at thirty one in an explosion while on assignment for combustibles magazine unquote while there was no cases of anyone actually copying the mount weasel entry. The term amount weasel is now a term for a copyright trap. there's a million. Mt weasel facebook page and the lillian virginia mount weasel research center website which has fake interviews with people who knew her as well as fake copies of combustibles magazine while this is one of the best known examples of copyright trap. It's hardly the only one. The nineteen forty three edition of webster's twentieth century dictionary had an entry for junk attack spelled j. u. n. g. f. t. a. k. The entry read quote junk noun. Persian bird the male of which only had one wing on the right side and the female only one wing on the left side. Instead of the missing wings the male had hook of bone and the female an eyelid of bone and it was by uniting hook and eye that they were unable to fly each one alone had remained on the ground and quote. There's no pronunciation given so. I'm pretty sure i said it correctly because there is no way to say correctly. The new oxford american dictionary has a definition for the word espa valence. Their definition of the word is the wilful avoidance of one's official responsibilities. The thing is this fake word has actually found some usage and there is now an entry for in which which references the original new oxford american dictionary definition. Personally i think esco valence is a perfectly crumlin word problems. The heaviest users of copyright traps are matt makers in cartography copyright traps are known as trap streets trap streets are fictional street or locations which are used to check to see if someone is copying their map. They're usually very small streets or alleys of no importance as no one actually uses it as an address because it doesn't exist. There isn't too much of a problem if they appear on maps. The state of michigan put fake towns in ohio in their nineteen seventy-eight official roadmap. The towns were beata so spelled beat. Osu and go blue aka go blue. The colors of the university of michigan
Biting the hands that would feed: Ethiopia
"Humanitarian crisis is unfolding in ethiopia's northern region of tigray. The turmoil began in november when civil war broke out between the federal government and regional forces led by the tigray people's liberation front or teepee aleph within weeks troops had entered the regional capital of mckelway and prime minister abe committed declared victory but the fighting continued. Thousands have died in the conflict and more than two million civilians have been driven from their homes. Some sixty thousand fled to neighboring sudan now. The threat of starvation looms most of the regions. Roughly six million people have been without adequate food water or medicine. For weeks. ethiopia's tigray region is facing an alarming -tarian crisis. Basically because aid workers are not able to get essential supplies to those who are affected by the war which is essentially the entire population of the region. The vast majority. Tom gardner is abba correspondent a top regional official and that's one appointed by abby himself. He told aid workers a private meeting on january. The eighth that hundreds of thousands might starve. Meanwhile a western diplomat told me we could have a million dead there in a couple of months if humanitarian access is in opened up significantly urgently. And what is daily life like in tigray right now outside of michaela the regional capital where things are marginally better banks closed. Markets have stop shops shuttered. Fuel is run out. That's been the case. Since the war began really in early november. Last year i met one man who fled from tigray to addis ababa and he said to me even if you have the money you don't have a bank if you have grain you don't have a mill if you have mill you don't have power and that seems to be pretty representative from the accounts. We're hearing on top of that. Hospitals are running. mt hospital. staff have not been paid since october according to medicine some volunteer doctors without borders. You've had more access than most every hospital. They've been into they found entirely looted. All of this is just the knock on effects of the conflict and tigray which it sounds is still going on right so the war began in the start of november. It was the culmination of long standing. Tensions between the which ran the region and for thirty years was the dominant force in the federal government. In addis ababa the capital as well until two thousand and one thousand nine when they were pushed out following mass protests and replaced by abby half mad prime minister the abbey and the pilaf simmered for two years before rupturing eventually towards the end of last year. More than two months later. The left appears to be in. Disarray is being ousted from the regional capital and it's waging something akin to an insurgency in the countryside now it's troops control of the countryside particularly in the center of the region. It doesn't control major towns its leaders including the ousted. President have been essentially a well. We haven't heard from them for over a month. And some of the founding members of the been captured or shot dead so the fighting continues especially in central tigray but the prime minister. I be met. He believes it's only a matter of time now before the rest of what he calls. The gender are captured or killed but this whole conflict was the result of the federal government looking to take control of restive region. Now they have arrested region where the humanitarian crisis. What are they doing about. That does with dispute these accounts all the humanitarian crisis earlier this week. A spokesman for the federal disaster management agency said in an interview that there is no starvation in ethiopia alec baldwin. Dr a couple of days ago the federal ministry of peace claimed it was distributing a to almost two million citizens northern ethiopia. And the minister of peace told me that even reaching central tigray which is live under the control of forces so that seems implausible. I mean our forces regularly attack military convoys so it's impossible for the government to deliver supplies safely and then on the other hand emergency supplies being delivered by the un and international ngos. They can't get into these areas either because they're not allowed by the army which controls access an agreement that the un signed last month with the federal government which was supposed to allow them and allow aid groups to travel freely throughout the region. That's basically not been honored for. Un staff was shorter and detained last month. For entering areas which senior government official later said they were not supposed to go and an points to the key question. Here which is is the government being deliberately obstructive and a lot of people in the diplomatic and humanitarian community. Recommended is one u. n. Diplomat told me that the lack of humanitarian access is part and parcel of the war campaign.
Traveling To Snowdonia
"Let's start with a peak at the natural appeal of the largest national park. In wales snowdonia the highest peak and wales in fact the highest peak in england and wales is called snowden sits in the heart of the snowdonia region and in one of britain's first national parks these welsh islands offer outdoor adventures gorgeous backdrop and draw countless tourists each year. Well skied martin. The land of its is here to help us make the most of our time in snowdonia martin. Thanks for being here. Thank you for having me there. So i've been to your home. Snowden is right in the backyard you grew up there in northern wales snowden in snowdonia national park mean to you. It's a place. I tend to walk quite a lot. It's just a huge and beautiful area. When i say huge. It's massive eight hundred and twenty seven square miles but you don't see that many people in it feels massive because it's it's windy it stark. It's pristine yeah. Small road not allowed to crowds. How tall is mount snowden. It's the massive height of three thousand six hundred fifty feet above sea level at its peak but because it rises more or less out of the sea. Yeah it has the aspect of bigness about it. It's so interesting because here on the west coast of the united states. Three thousand five hundred feet. It's like this is sort of a medium mountain pass for britain. That's a big peak. That's you know. Ben davis is the highest one in britain and there are few mountains over four thousand of the snowdonia national park. You have all of wales peaks over three thousand feet high and on. I think there's only one pecan english over three thousand okay. And this is the north of wales in. I've traveled on wheels. A fair bid. I just if you got limited time. I would recommend north. The peaks only Less than four thousand feet but didn't The british Climbers have mount everest. Actually practice in the snowden area. They practiced in that. Nobody had ever used oxygen on a mountain before. And so they had a stroll round be had Two systems an open and closed. And they thought oh. The closed system is much better. But what they didn't realize goes onto everest the vows and clo- system froze so the luckily they had a couple of open systems with them but they had some rugged enough areas in north wales where thought they could have some practice there. And you do get to some mountain. they're not resorts alert. Sort of hiking centers or something there. There's some beautiful towns. There's town called. Beth goulart galaxy. Guess who described beth killer it's a mountainous area and therefore towns villages. They nestle in the valleys. They don't sit on tops of hills and bathe galax which means ballots grave is useful in a little bowl with rivers running through it stone building. Oh everything is built on. Everything is built stone bridges over the babbling drone bridges and of course slate roofs because wales used to be the slate production center of the world at one time that right so when we think about going to north wales as a visitor and we want to do some hikes. What advice would you give for enjoying the nature of snowden national park and bringing up some calories at the same time you can hike all levels. Mt snowden itself with acid in welsh is an attraction. And there's a railway that runs up if you don't wanna walk for three hours just take the train and this is kind of a cute little tourist steam train. Yeah it goes from some berries up to the top and that's a family out it is. It gets crowded. Some of what i was going to say is that snowden is like a magnet people have heard people know that so that eight hundred and twenty seven square. Miles will get away from snowden. You'll see fewer and fewer and people which is a lovely thing. It is very empty area. It is and if you wanted to have some rugged memory you could hike it without the steam train. Take what five hours or so three hundred. Well five hours up and down if you if you know. It's a nice day. It's a lovely day. Beware say this flat up. Beware of times of year like easter when it's considerably cooler the top dress. Well okay