35 Burst results for "Reddit"
The Bitboy Crypto Podcast
A highlight from Who Is Deezy?
"What's up everybody, and welcome to another Saturday edition of the Alpha series here on Discover Crypto. I'm excited to sit down with Deezy, Mr. Nick Valdez, and talk about who he is, where he comes from, what he's all about, because I have no idea, and I'm sure a lot of you are wondering, why the hell is he hosting Discover Crypto? What's he all about? Does he even know anything about crypto? Well, let's dig into it. Deezy, how are you feeling? Thank you for being here. And what's your story, man? How are you in this position? Well, how are you talking on my shoulder? Who the hell are you talking to over there? What is going on? Is there hidden cameras in the wall? I don't know what's up. Talking to all of you out there. My name is Deezy, also known Nick Valdez. I'm a former professional Magic the Gathering streamer, whatever that means, not much in my opinion. And I've been in crypto. I've been making crypto content since 2020 briefly, and then I started working for the channel here back early 2021. And so I've been working in crypto full -time a little over two years at this point. I've been in content creation full -time a little over four years at this point. So you got into content creation for crypto in 2020, you said? Well, I started out with Magic the Gathering, but then I made my first piece of crypto content, which is Gods Unchained back in 2020. So does that mean you just got into crypto the day before that, or did you have a little bit of a pathway that got you there? I had a little bit of a pathway. I first discovered crypto from 4chan, actually, from the B board. So this was Bitcoin maybe a year or two old at this point. So fairly soon, I remember seeing some pretty low prices for Bitcoin. I remember my buddy trying to convince me. We worked together at ADT, the home security thing. So you ride around in a van, you leave headquarters, you might have to go to town an hour away. This is early days of smartphone. The web traffic was pretty low back then. The web pages were pretty low. There wasn't really social media networks like there is today. So I remember the text board on B, that's where I started discovering Bitcoin. And my buddy was like, man, we got to start buying some of this. But 4chan was nothing but scammers. And I thought, for sure, if I try to make Bitcoin, I'm going to get scammed. They're going to hack me. They're going to see my driver's license number somehow, my social security number. And it freaked me out being that it was related to that, and so I stayed away. Fast forward about two years, a buddy from high school was telling me about Silk Road and how he bought some ecstasy on it, full disclosure. And he was like, yeah, man, you got to get Bitcoin. I love this website. You can buy anything. And I was like, man, you're crazy. I don't know. This seems nuts. And then shortly thereafter, he lost, or maybe even during that time, he's like, yeah, I had to buy more Bitcoin because I lost Bitcoin on that computer. I remember him just pointing at his computer, and I was like, what do you mean you lost Bitcoin? I kind of had an idea of what it was. He's like, yeah, like I lost the password to my wallet or something. I just remember thinking like, wow, so you can have money in it, and you just lose it super easy, and it's associated with hackers? And so it kept me away from Bitcoin, even though I knew about it early, knew the proposition value of it early, it freaked me out. So that's a great spot to pivot there. That whole time, I'm investing in traditional stocks. And so I'm like, well, my Amazon's doing pretty good, guy. Right. No, but you bring up a great point because it's not just you as an individual. We see right now with all these Bitcoin spot ETFs, we see institutions on the horizon. And that's only because there's some proof of concept that's actually endured over a good period of time now, over a decade, in fact, for Bitcoin. But the question here, it kind of lies in, or the hesitation, I should say, lies in the lack of awareness broadly in both retail and institution. Because let's be honest, the people that are running institutions are people, too. And they are a part of retail. So the awareness factor of Bitcoin over the last 10 years has grown so exponentially. The question is, really, how do we get people from A to B, the genesis of first having the seed planted of hearing about Bitcoin, maybe seeing it on The Simpsons or in all the different media we watch, and then taking the leap to investigate it a little bit, and then taking that third step to actually get involved. So to get there, we need awareness. So I'm curious with you, where you came from, how old were you? What was your process like? At what point in life did you understand that there was a different value to money or currency than you were brought up, that change? When did that change happen? I learned that I was poor in second grade. I remember learning that. I grew up real poor. I grew up with a single mother. I could get into how, I don't want to say bad, it truly was, but things weren't easy. There's a period my mother was locked up. My father was put in jail, put under the concrete months after I was born. I never saw him. I saw him two, three times when I was 13. I haven't seen him since, and I never saw him before that. I haven't talked to him since, really. And so I grew up just very, very poor. But when you're five, you don't know you're poor. When you're six, you don't know you're poor. It takes a certain level. And I remember my mother dating Robbie Cumberland. He was a big jerk, man, really, really big jerk, abusive, not a fun time. But his daughter, I remember saying, oh, well, there's other people, they're more poor than us. And I learned the term middle -class. I didn't know what middle -class was. That's when I started seeing, as a seven -year -old, oh, there's hierarchies. There's social strata. There's social strata, and I'm down here. And then I don't know when it was, but at a certain point, you realize, I don't want to be down here. I want to be up here. So I remember pretty early, single digits age, you know, you're blowing the birthday cake. You're not supposed to say your wish is not going to come true. I remember just wishing, I want to be a millionaire. I want to be a millionaire. I was tired of being poor. And so I pretty quickly learned the value of money scrounging for lunch money in middle school. You know, like, maybe I would have an issue trying to get lunch money from my mother. I'm scrounging the quarters and the dimes and the couch cushions. While in high school, you know, I was pushed to work pretty early to help, to help. You know, a lot of people, they don't have that experience. You know, it's the opposite. Their parents encourage them to work at the same time, giving them money, paying for their car, paying for their cell phone, and then having them, oh, yeah, you need to learn the value of a dollar and make extra money on top of that. I was working and paying for my own school clothes. I was working, paying for my own school lunch. And so I learned the value of hard work and I learned the value of a dollar while being a high school student. And so that definitely gave me an advantage. Being poor, you know, statistically speaking, probably not an advantage. Your education is probably not going to be as good. Your influences are probably not going to be as good. Your home life is probably not going to be as good. But you do get an advantage with some aspects of mentality. And, you know, I just try to focus, you know, let's hone the positives from that and let's sharpen it and let's use it as a weapon to create financial independence. Yeah, I mean, what an interesting story there. And that's one of those things that all of us need to remember when we're talking to anybody, whether you're sitting in line at the bank or maybe not the bank because maybe you're walking down the street talking to a homeless person or a friend that you've never went deep with. Everybody has a story. Everybody comes from somewhere and there's depth there that we can truly connect on if we understand, even if somebody is being difficult to deal with or there's compassion and love there that we can engage with, right? And we can understand people better if we know that we all have a story. So you mentioned all this about your understanding of the lack of value proposition of the dollar and what it means to have money and the true value of money, I should say. But where did that value proposition that you mentioned of Bitcoin, when did that flip the switch in you that rather than you were just aware of it, that you actively said you pulled the trigger to do the first action transaction or purchase or something engaging with it? So it was almost going to be 2017. You know, that's when Bitcoin really started to go on its first major mainstream tear where, you know, started really getting people's attention. And I remember pretty early in the year. So, you know, well before December, well before October. So I don't know what level we're at, well below 10K. I remember it hitting headlines. And then that's when I decided to, you know what, it's time to do some education here. I, you know, probably like a lot of people in crypto, once you become fascinated about something, you want a deep dive on it. You want to go full blown, artisanal on it. And so that's a little bit of an aspect of what I did for Bitcoin there. And I remember looking into it and it was Reddit. It was Reddit of all places that I learned about the four -year cycle. So I saw about the four -year cycle pretty early because at that point, we did have a little bit of a spike in 2011 and then a spike in 2013. And then we're starting to spike in 2017. And then once we hit a new all -time high, then that four -year cycle really starts to look pretty clear. And you're like, oh, wow, we're setting up for a repeat of history here. And a lot of smart people were saying, oh, the having Bitcoin will go down. And I remember they're saying, guys, you idiots, 2K is the top. Guys, I know we hit 3K, but surely 4K is the top. And so pretty early in 2017, I just remember thinking, oh, this thing is going to reverse anytime now. It's going to reverse anytime now. It's going to reverse, it's going to reverse, reverse, reverse, because, you know, you see you're like, oh, I could buy this at 3K, should I? No, man, it's going to reverse. And then you go forward a few weeks and it's 5K and you feel like an idiot. You're like, well, I'm definitely not going to buy it now. So during this period, I'm watching it climb and I start doing some research. And pretty early, I got the mentality where I have to wait for it to retrace. It will have what they call a crypto winter. I start learning more about the four -year cycle, and that's exactly what I did. I didn't buy any Bitcoin or any crypto in 2017, I waited till 2018, and then I started buying. I looked, I think the first Bitcoin I bought was from the retracement down to 10, and I think I bought as soon as it got near 10. I remember thinking, oh, it's near 10. Now is when I start buying, and then it went to five, then it went to three, you know, so it kept going lower and lower and lower. But at the time, I didn't really care. I was like, OK, I finally have exposure. Of course, the first coin I bought when I downloaded Coinbase, oh, I'm going to buy that 10K Bitcoin. Whoa, XRP is how much? I could buy so much for $100 versus Bitcoin and I bought XRP. So that was the journey. That was the journey right there. I mean, I can honestly say that that journey is probably echoed by so many different people. You know, a lot of people and I say this, you know, on BitLab Academy, we're talking about these cycles. Everybody, everybody that's ever traded or invested ever has bought a top of an asset and gotten scared and sold at some point. Also, we've all bought a top and sold a bottom. And at the end of the day, it's all about how do you dive in, be ambitiously curious, dive into, OK, how can I fix my broken strategy? Because clearly that's not how people that made money made money. They figured out, OK, there's other data points I can look at rather than just looking at price. And then similarly, the XRP story, whether it's XRP, Shiba Inu, Dogecoin, Cardano, it doesn't matter. So many people come in and it's going to happen even more this next cycle. We're going to have the most onboarding of new adopters coming into the markets than we've ever had in this next cycle because institutions are coming in, because that aware the price breaking past 70, whatever that happens, that's when the hype cycle, the free press for crypto goes out and people are going to say, I can't afford a $70 ,000 Bitcoin. I'm going to go buy a dollar Cardano. And I'm not saying at all Cardano is a bad project, but people need to be curious about the assets they're investing. And so what would you say, knowing the journey you've had and the different sticking points or hurdles or failures, we've all had failures in this space, what we've learned from it. What would you say to somebody that's just coming in there on the fence about coming in or somebody that's watching as a family member that's asking about it? What's the advice for somebody that's stepping in this space? Very basic. Well, first, let me say coin price does matter per coin, separate from market cap. And this sounds dumb. No, the only thing that counts is market cap. No, there is a thing called like retail adoption rate. And if you download an app and all things being equal, same social, same token, same everything, except one has a million supply, one has a billion supply. People are more likely to buy the coin for a dollar than buy one or a hundred of that coin at a dollar rather than buy 10 % of the thousand dollar coin. Even all things being equal, it's just visually, I don't know if it's a visual thing, I don't know if it's just an ego thing like, yeah, I have a thousand of that thing versus I have 10 % of that thing. It just sounds better. So one, coin price does actually matter when it comes to whether or not retail is going to buy it. Might not matter so much for institutional investors, but yeah, that definitely does matter. As far as advice, new people coming in, I don't really like to give people advice of coins outside of top 20, maybe top 30. I'm not not not advice for coins, but more like you're stepping in. Oh, you're stepping in. The first thing you can do is go ahead and sub to Discover Crypto. The second thing you can do is maybe ask yourself, well, why, why am I just trying to get rich? All right, we'll have that be your investment thesis. Do I hate the government printing money? Oh, well, buckle up. You're stuck. You're going to be with us for the rest of your life. I'm sorry. You're a weirdo now. You know, there's going to be different angles. Are you just super into tech? All right, we'll start learning about smart contracts and solidity. So maybe, you know, find out why you would be interested and then that will describe the how or the what.
ACG - The Best Gaming Podcast
A highlight from TBGP #412 Alan Wake 2 Previews, Cyberpunk Phantom Liberty Wrap-up, Starfield Review Bombing Far Cry 7
"Yeah, game of thrones is like to me that first season is like super dark uber grim, no, no magic, no nothing. And then suddenly it sort of gets into itself. Sup everybody. This is carrick with ACG and I'm here with abzi doing the, uh, yeah, oh shit, yeah. Doing the, uh, the best gaming podcast number. I gotta look. Where are we at? What are we at? 412. 412. Yeah. Thanks to abzi for joining me. We've decided to do these occasionally. Well first we're going to start doing them biweekly to see how that goes and then we're going to sort of see how it works for the long term. We just really haven't decided. It's something that I've wanted to do for a while, especially because we miss a lot of the news in the starting week. We do skip a lot because yeah, we go on tangents and shit. Well it's all my fault. We talked about dreams for an hour and it was good, it was good, but we talked about dreams for an hour. So yeah, something's getting skipped. So thanks for everybody showing up. I absolutely appreciate it. Thanks for spreading the word around that we're doing this. If you can tweet it, super chats, all that kind of stuff. We're just going to actually jump in, discuss what we've been playing for a bit. Talk about early week news and we got a couple couple interesting bits here as well that I think will be fun. But what have you been playing? Um, I just recently started Phantom Liberty, like the cyberpunk expansion. Dude. Okay. I played it for about maybe five, six hours, four or five hours. Okay. Honestly, dude, it's fucking cool. That's all I'm going to say. It's just fucking cool. I enjoyed the first four hours. I think the new characters I got introduced to are pretty cool. I'm liking the dialogue. It has a lot of edge to it, which I like, you know, we talked about edge and lack of edge before and, um, and, uh, the VA is pretty good. And the, I'm liking the writing a lot, a lot more than the, than the original game. And it seems to be having like, it seems to have actual choice and consequence in this one versus like the original game. So yeah, I'm enjoying it a lot. And some of the stuff kind of layered into the main game, like there's like these new things, activities that kind of got pushed into the main game as for a 2 .0, like the main game, it's the combat's fun and stuff, and they fixed a lot of issues for sure. The new system is amazing and the skill tree and everything, but it still has that like kinda, um, there's a lot of, the map is just a lot of shit. You know what I mean? You just go, it's kind of like far cry. You just go and kill and go and kill and like 90 % of the stuff is, is just, is just combat minus like the few really good side quests. But um, with this, I think it's because it's like a smaller setting and Phantom Liberty, it's very packed and tight. I feel like there's more, um, motivation for exploration and stuff and talking to different npc's listening and into stuff and reading lore and the main story and the characters. Yeah, they're just, uh, I've been enjoying it a lot, you know, goul $2 super chatter. We still get a friday podcast. Of course. I'm not stopping friday podcasts. I said it starting. I'll say it again. I've talked about it on twitter. No way. Are we stopping that? This is simply just to do some extra stuff, especially because reviews don't hit this embargo time. Uh, very often, Wednesday, two or three hours in the early morning, Wednesday, I can work around that. And if I can't, that's on me. But I would agree with everything you said. I also think there's a lot, not a lot. There is some far cry stuff in cyberpunk that they hide by not putting icons down. For example, the consistent fucking fighting between gangs in that game. And I had forgotten something has to happen every 20 seconds. It's all the time. You come around a corner and it's like, and I was so confused because I had forgotten. So I thought it was a big deal. And I got into like 40 fights. I was like, fuck man, things are going, this is all because of, and then it dawned on me a little later on. I'm like, oh no, none of this is because I have like, you know, had something cool happen. It was the way the game was set up. They were smart to hide it because I think Ubisoft gets dinged a lot of times because it's there too. They present checklist. Yeah. Yeah. Yeah. So have you done any of the driving stuff? People were just talking on our discord about leaping off the cars and katana. Yeah, that's pretty cool, man. That shit's pretty cool. I, I, I'm, there's still some bugs just reminded me, um, like I had a bug where I, if I pull out a certain weapon in a car, I just couldn't move my mouse to aim or do anything. And it wouldn't auto lock like it's supposed to, um, also for everyone playing. So I I've isolated an issue where causes game crashes and I've seen multiple Reddit posts about this and comments. If you use a mod called, I think it's the airstrike mod on a melee weapon, which gives you, I think higher crit chance. If you strike from, uh, uh, in the air or something like that, it crashes your game straight up, uh, like 90 % of the time. So just don't use that mod. Now I've isolated that issue to that. It might be even deeper than that. So it might be like my combination of perks or something interacting with that mod, but you should just like stay away from that mod for the time being.
Bankless
A highlight from Synthetix: A New Hope with Kain Warwick
"Welcome to Bankless, where we explore the frontier of internet money and internet finance. And today on Bankless, we are exploring the frontier of the multi -chain Ethereum roadmap. The Rollup -centric roadmap has always been about producing many, many new layer 2s, each of their own flavor, construction, and type, in pursuit of allowing diversity of chains to all exist under the same ecosystem that we call Ethereum. Synthetix, an application, has been leading the charge into exploring what does this mean for the application layer of Ethereum. And today on the show, we're bringing in Kane Warwick, actually inside of my apartment. This is an in -person conversation, so you'll be able to pick up on the speed and lack of latency there is between me and Kane, I would say. He was in New York for Mainnet, and so we wanted to do a show about his recent blog post that he wrote called Synthetix, A New Hope, about the next stage for synthetics in this multi -layer 2 ecosystem, and how he is thinking about some of the complexities and challenges that the Ethereum Rollup -centric roadmap presents for the application. Like I said, since he was in town for Mainnet, I was like, Kane, just come on over and we'll do the conversation in person. So that was pretty fun. It's always nice to have in -person conversations. I don't do them as much, even though I have the setup ready to go. Anytime there is a conference in New York, however, I will try and get one done. So in this episode, you're going to watch us navigate the complexities, the challenges of Ethereum's Rollup -centric roadmap as it relates to applications that desire to exist across multiple layer 2s, across multiple chains. Depending on the layer 2 application, the application construction itself, different challenges can arise in various levels of complexity. Kane and I walked through the three different levels of cross -chain complexity that an application can have that is determined by what that application is trying to do. For example, just mere independent instances like Uniswap deployments across chains is the easiest way to navigate the multi -chain world. It doesn't really matter if different Uniswap instances are deployed across chain, but as soon as there's unified governance, all of a sudden there is complexity because we need to start to weave these chains together. And then there's the next phase, the synthetics phase, which is not just unified governance, but unified liquidity and unified state. Synthetics has always been at the frontier of navigating the hard problems in Ethereum. After Unipig, the Uniswap demo on Optimism's Optimistic Rollup, the first Optimistic Rollup that had a live in production demo of an application, we called it Unipig back then, synthetics was the number two. And so they have always been pushing the frontier of what is possible in the world of crypto. And now Kane is leading the charge into doing the same thing once again with synthetics and the multi -chain ecosystem. So if you are curious about the super chain idea for Optimism or just simply the shared state of layer twos, they're re -composing all the fractured composability of layer twos, this conversation is for you. And it's also just a fun conversation. Kane is a great conversationalist and he's of course wicked smart. So let's go ahead and get right into that conversation with Kane Warwick of synthetics. But first, a moment to talk about some of these fantastic sponsors that make this show possible, especially Kraken, our preferred exchange for crypto in 2023. If you do not have an account with Kraken, consider clicking the link in the show notes to sign up with Kraken today. Kraken Pro has easily become the best crypto trading platform in the industry. The place I use to check the charts and the crypto prices, even when I'm not looking to place a trade. On Kraken Pro, you'll have access to advanced charting tools, real time market data and lightning fast trade execution, all inside their spiffy new modular interface. Kraken's new customizable modular layout lets you tailor your trading experience to suit your needs. Pick and choose your favorite modules and place them anywhere you want in your screen. With Kraken Pro, you have that power. Whether you are a seasoned pro or just starting out, join thousands of traders who trust Kraken Pro for their crypto trading needs. Visit pro .kraken .com to get started today. Mantle, formerly known as Bitdao, is the first Dow led web three ecosystem, all built on top of Mantle's first core product, the Mantle network, a brand new high performance Ethereum layer two built using the OP stack, but uses Eigen layers data availability solution instead of the expensive Ethereum layer one. Not only does this reduce Mantle network's gas fees by 80%, but it also reduces gas fee volatility, providing a more stable foundation for Mantle's applications. The Mantle treasury is one of the biggest Dow owned treasuries, which is seeding an ecosystem of projects from all around the web three space for Mantle. Mantle already has sub communities from around web three onboarded like game seven for web three gaming and by bit for TVL and liquidity and on -ramps. So if you want to build on the Mantle network, Mantle is offering a grants program that provides milestone based funding to promising projects that help expand, secure and decentralize Mantle. If you want to get started working with the first Dow led layer two ecosystem, check out mantle at mantle .xyz and follow them on Twitter at zero X mantle. Arbitrum is accelerating the web three landscape with a suite of secure Ethereum scaling solutions. Hundreds of projects have already deployed on Arbitrum one with flourishing DeFi and NFT ecosystems. Arbitrum Nova is quickly becoming a web three gaming hub and social dapps like Reddit are also calling Arbitrum home. And now Arbitrum Orbit allows you to use Arbitrum secure scaling technology to build your own layer three, giving you access to interoperable customizable permissions with dedicated throughput. Whether you are a developer, enterprise or user, Arbitrum Orbit lets you take your project to new heights. All of these technologies leverage the security and decentralization of Ethereum and provide a builder experience that's intuitive, familiar and fully EVM compatible, faster transaction speeds and significantly lower gas fees. So visit arbitrum .io where you can join the community, dive into the developer docs, bridge your assets and start building your first app with Arbitrum. Experience web three development the way it was always meant to be secure, fast, cheap and friction free. Big List Nation, we are here in person in my apartment here in Brooklyn with Kane Warwick, the co -founder of Infinex, semi -benevolent dictator of synthetics, house collector and possibly, possibly the best hair in Ethereum. Kane, welcome to my apartment. Yeah, thanks for having me. I was hanging out downstairs for a little while. I couldn't figure out what channel to get you on. So yeah, just like the problem that we're going to discuss in this episode, how you reach me, Telegram, Discord, email, Twitter, text. We need some kind of aggregator. Yeah, we need one single shared way of getting in contact with each other. And you're in town in New York here for Mainnet. How's that been going? Yeah, it's been good.
CoinDesk Podcast Network
A highlight from GENC : Innovation at the Core of Marketing with Alyson Griffin, Head of Marketing at State Farm
"Gen C is the generation of the new Internet. In Gen C, the C stands for crypto, but it also stands for creators, the connected consumer and collectibles, both digital and physical with on -chain provenance. It stands for culture and characters, the ones we play in games and the companion ones that AI is building alongside us. It stands for community and digital citizenship and the new set of transparent and trustless tools being built to govern them. These are the people who were raised on a different philosophy on how they look at money, how they look at identity, how they look at privacy and how they look at the hybrid, digital and physical spaces being built all around us. And finally, how they reimagine their relationships with the communities and companies they interact with. We focus on how brands large and small are building for these audiences. Welcome to Gen C. Avery, I have to play you the new intro that I just made for Gen C. So here it goes. Edge of my seat. All right. So you might've noticed that was me not speaking English, but I am going to Portugal next week. So that was me speaking Portuguese. And how did I do that? Well, both you and I have been experimenting with, Hey, Jen's video translation software that utilizes AI to speak in multiple languages. You added an amazing piece that you put up on LinkedIn the other day. If you speaking Hindi, I don't know if you actually speak Hindi or not. Very limited. Very limited. But I just want to throw this stat out before I want to get your thoughts, which our is old friend, Mr. Beast, 50 % of the people who watch his videos don't speak English. And so what he does is hire voice actors all over the world to be the Mr. Beast in their local areas, because he knows that for him to go as global and get as many views as he needs, he has to be in language. And so what do you think about, Hey, Jen, and some of these new tools that are coming that will allow for video translation that is not only only, audio but as you and I have both been playing with, it also literally changes your mouth movements to be speaking the language that you've selected. Sam, thank you for turning me on to Hey, Jen. My first thought was that I was going to use it to connect my grandparents along because we do have a language barrier. And while I was sad to see that Telugu was not a supported language, I was like, it's okay. I'll do it in Hindi. And I sent it and they actually thought it was real because, you know, not everybody is familiar with powers of AI, especially with this sort of intonation, which is amazing. And then I started playing around with it a little bit more. And I want to call out Hey, Jen, but also 11 Labs, which is the voice translation that is powering all of this. Hey, Jen is sort of bringing that video, but 11 Labs does the audio. And we've been working on a couple of little things with 11 Labs in different capacities. I'm really impressed with what they're building. And it's critical because only 14 % of the world speaks English, yet 59 % of the world's digital content is in English. So if you're a person who doesn't speak English, much less, God forbid, is not literate, then you can't access the amazing, wonderful world of the internet that we all know today. It's a massive thing. I think it's early days. And of course, everybody rightfully so has questions on where is this data going? Who owns it? Who's storing it? Hey, Jen is an LA based company. And 11 Labs has raised from a number of investors, including Andre Sinso. We've done some diligence on them, but I think it's early days. But this technology is insanely powerful for brands, but in the immediate term for content creators. If I was a content creator, I would be using this immediately for my target languages, because it'll expand your reach so much, enable you to connect. And by the way, it's not going to be long before that's happening on demand. In real time, I mean. Yeah, absolutely. I mean, I did the same thing you did. I recorded a video that I translated into French and I sent it to my friend in Paris. And I said, I've been working on my accent. What do you think? And he gets back to me and goes, oh, like, you're really nailing the language, you're really nailing the accent. Like, you've come a long way. I don't speak French. Because the intonation is like you, right? Right, exactly. It's cloning your voice. It sounds like a white person speaking Hindi. Like, there's some things that are colloquialisms that a local person would never say, but it sounds like how you would speak Hindi if you were very good at it. Yes. I will also say what was fascinating to me was Angelique Vendette, who I also sent the video to, responded and say, okay, here's the problem. It's speaking French Canadian. It's not speaking Paris French. And then I had other friends who because I had put it up on Instagram and for the one in Spanish, I had tagged Mexico and I said, can't wait to get back to CDMX. And someone tagged me and said, no, this is speaking European Spanish. This is not speaking Latin American Spanish. So I do think there is like a lot of nuance that still needs to get worked out in it. But just the fact that I could record a 48 second video that people in Paris and people in Mexico didn't recognize that it was AI at first. I thought it was fascinating. I think you hit it exactly, which is, oh, yeah, if I was a content creator, if I was a brand marketer and I was doing shorts, I think this is a perfect way just to get more reach for your content at a 30 to 90 second level, which should be labeled as AI also. Agreed. Definitely. Cross -country transparency, 100 percent. Yeah, we'll talk about that in a second. But I do think that anyone who hasn't played with the page and video translator or there, you can now do it just by uploading a photo and snippets of your voice powered by 11, as you mentioned. So you can actually create yourself saying anything without even having to record a video at this point. You could all do it by text. So it's pretty fascinating. I'm very excited for where this stuff is going, because this is the kind of use case that I think you and I look at this and we're like, this has a very tactical, tangible opportunity. And I think the stat that you just mentioned, only 14 percent speak English, but 60 percent of the content is in English is such a big business opportunity when you really think about that. So, so relevant. Let's pivot from there to a very related topic, which is I don't know if you saw this week, but TikTok has started using AI labeling and Reddit and Reddit. Right. Exactly. For TikTok, anytime you use one of the filters that utilizes AI, now it's going to be labeled as AI. They also are doing auto detection for people who are utilizing AI software and they want anyone who is utilizing AI for their content to have a label on it. I think this is a step in the right direction. I would love all news content also to be labeled like this, because there's a lot of stuff out there. I read an obituary that was driven by AI about a basketball player who had passed away and it said the basketball player is unliving. So that was the way that AI described him being dead, was that he was unliving. And so clearly there's a lot of stuff that needs to get worked out. But from a brand perspective, from a creator perspective, I think that the idea that we should know when things are being modified feels like the right thing. But do you think that affects the creator economy in any way? I think it's similar to how we do hashtag ad, like trust or transparency is key. We just need to be transparent about using these things. I've thought that for quite a while as it relates to Instagram and TikTok filtering because people get unrealistic like body images. I mean, yes, some of this happens in like magazines and photo shoots and all of that stuff it has for a long time. But I'm all about trust or transparency and the digital ecosystem. Agreed. And I also think there's a healthy respect for knowing when someone might be utilizing a tool. It's a productivity tool. It doesn't mean it has to be less entertaining. It doesn't mean it has to be less interesting. I think our enterprise brands, though, we're still at a place where like we can't just use 11 labs like at scale right now. It's not ready yet. It's like a proof of concept. This is how it could be going. And back to what we've talked about before, it's building the muscle for when this really hits scale, we're going to be ready. Correct. And in terms of just going back to Mr. Beast, who has these 13 actors that play him around the world, he said, our team is very actively looking because it's not cheap to do that. And he said, our team is very actively looking. He thought from his perspective and when their research that it's going to be still a couple of years before we actually see it being good enough where he's comfortable. What he said, which was interesting, is they've done some AB testing where they use the voice actor and then they'll use a cloning. And he said every time he does a cloning, people are calling out that something sounds wrong and it distracts them from the content in the video, which I think for someone like him is just really important to make sure it's landing. Totally, totally agree with that. Yeah. All right. Final story before we get to an amazing guest is Crossmint and MasterCard are going deeper together. So Crossmint powered this artist portal that MasterCard released a couple of months ago. It actually brought one hundred thousand people into blockchain. It was primarily based on music and that was also powered by Crossmint. And it seems that Crossmint and MasterCard are getting in bed together even more with an eye toward small business, which I thought was kind of interesting. Just the idea of easy ways when you think of utilizing your MasterCard to pay for something and then thinking about a reward system that can be on chain, that feels like it makes a lot of sense, right? I hit my 10th time at the coffee shop. I get a little NFT that says I'm a 10 timer and maybe that gets me a free coffee later. But this feels like a very natural, easy way for blockchain and brands to get together. And I want to know if you have any thoughts about that. Yeah, well, I love Rodry and the team and of course, Raja and his amazing team at MasterCard and everything that they've done in this space. So recently connected with Raja and he was like, I'm still very bullish on Web3. And one, I love him for saying that because there's so many mixed reactions right now. And it's amazing to hear leaders who continue to invest, continue to launch programs like their startup accelerator and continue to support these sort of Web3 native businesses, massive bands of what Crossmint is doing. And I think that a partnership between a payment processor and a minting tool makes a lot of sense because you're likely going to be paying maybe not thousands of dollars, but a couple bucks for some of these things. And having that super integrated is a great fit. And shout out to MasterCard for continuing to innovate in this space. I see them. I see Visa. I see the banks really continuing to lean in and identify these enterprise use cases that can make their customers both B2C and also B2B customers lives a little bit easier. Well, we have asked Raja to be on the podcast 27 times, so we're going to continue to ask until he shows up. So, Raja, if you're listening, we're coming for you. Avery, after the break, we are going to come back with Allison Griffin from State Farm, a big brain marketing thinker, so excited to hear her perspectives on marketing, on the metaverse, on Web3, on innovation in general, because she's such a great thinker on that. So we will talk to her after the break. Sounds great.
Bankless
A highlight from SVM on Ethereum?! Bullish or Bearish $SOL? with Neel Somani, Founder, Eclipse
"Solana on Ethereum? That is the question we explore on today's episode with a new product release as well. This is an opportunity to pick into a topic we haven't yet touched on on Ethereum, which is a virtual machine that Solana has called the SVM. That's the Solana virtual machine. Proponents have said for a long time that it's much better than the Ethereum EVM multi -threaded execution, lots of bells and whistles that Ethereum doesn't have. Now on today's episode, we're finding out that it is coming to Ethereum in the form of a layer 2. The Eclipse Mainnet is what it's called. That is the layer 2 that is launching today with the SVM embedded. Eclipse is not only a new layer 2 on the scene, but it's an entire framework similar to the Optimism Superchain network as well. This poses a lot of interesting questions as you might imagine that we're going to dig into today, including who wins? Is this a W for Ethereum? Is this an L for Solana or maybe the reverse? What does this mean for the future of our industry? A lot to unpack on today's episode. I would even say that a lot of Ethereum people will say that the SVM is a fantastic piece of technology and it is better than the EVM, especially when it comes to the things that virtual machines do, which is execution. There are some massive questions that this brings to the table and I'm about to ask them. But first, I want to talk about our friends and sponsors over at Layer Zero who have a brand new announcement on the scene. This came out of Permissionless. Google Cloud and Layer Zero are partnering together to help thread together 15 different chains across the Web3 ecosystem. So what does Layer Zero do? It passes messages across from chain to chain. What does Google Cloud do? Well, it is the service provider, the Oracle that does that message passing. It is the default Oracle for Layer Zero. But if you don't want Google, you are free to also pick your own Oracle. You could just like Google, how Google is the default search browser for many browsers, Google is the default Oracle for Layer Zero. There's a link in the show notes if you want to find out more, layer0 .network. And so that is a call to action there. There's a link in the show notes. There are some big questions on today's episodes. And so we have the founder of the Eclipse Layer 2. His name is Neil Samani. And he's going to be jumping on the podcast in a minute here. But David, we're going to be unpacking four different protocols. All right. So it's not just Ethereum and Solana. There are a few others as well that are woven into this Layer 2. So what are listeners in for? What are the big questions to prepare us? Yeah, the question doesn't stop at is this Ethereum versus Solana, Ethereum or Solana? Celestia and risk zero are also relevant here. And I think one of the questions is like the big question, if we are investors in this space trying to invest in the future, we want to ask the question, who wins? What are these components doing together? And does some of these components win more than others? What does it mean to win? Or am I just using this lens of winning versus losing because that's my lens for all blockchain systems? And is that even the right lens? So the first question I think we're going to get at is does the Solana VM as an Ethereum Layer 2, is that a bigger win for Ether than it is for Sol? The Solana fanboys in my mentions are convinced that this is the Ethereum protocol moving closer to Solana. But the Layer 2 centric take is that all good execution tech will eventually settle on Ethereum liquidity and security. But then what the hell does Celestia have to do with this equation? And what's risk zero doing there? So this is not just a question about like the tug of war between these two cooperating competing protocols, but what does this mean for the modular thesis at large? So some very big questions. And I think I listened to Neil Samani over at the Modular Summit back in ECC and some of his talks around this base, and I think he's got some of the answers. So we're going to ask all of these questions to Neil here in a second. But first, a moment to talk about some of these fantastic sponsors that make this show possible, especially Kraken, our preferred exchange for crypto in 2023. If you've not had an account with Kraken, consider clicking the link in the show notes to check them out right now. Kraken Pro has easily become the best crypto trading platform in the industry, the place I use to check the charts and the crypto prices, even when I'm not looking to place a trade. On Kraken Pro, you'll have access to advanced charting tools, real time market data, and lightning fast trade execution all inside their spiffy new modular interface. Kraken's new customizable modular layout lets you tailor your trading experience to suit your needs. Pick and choose your favorite modules and place them anywhere you want in your screen. With Kraken Pro, you have that power. Whether you are a seasoned pro or just starting out, join thousands of traders who trust Kraken Pro for their crypto trading needs. Visit pro .kraken .com to get started today. Mantle, formerly known as BitDAO, is the first DAO -led Web3 ecosystem, all built on top of Mantle's first core product, the Mantle network, a brand new high -performance Ethereum layer 2 built using the OP stack, but uses Eigenlayers data availability solution instead of the expensive Ethereum layer 1. Not only does this reduce Mantle network's gas fees by 80%, but it also reduces gas fee volatility, providing a more stable foundation for Mantle's applications. The Mantle treasury is one of the biggest DAO -owned treasuries, which is seeding an ecosystem of projects from all around the Web3 space for Mantle. Mantle already has sub -communities from around Web3 onboarded, like Game7 for Web3 gaming and Bybit for TVL and liquidity and on -ramps. So, if you want to build on the Mantle network, Mantle is offering a grants program that provides milestone -based funding to promising projects that help expand, secure, and decentralize Mantle. If you want to get started working with the first DAO -led layer 2 ecosystem, check out Mantle at mantle .xyz and follow them on Twitter at 0xmantle. Arbitrum is accelerating the Web3 landscape with a suite of secure Ethereum scaling solutions. Hundreds of projects have already deployed on Arbitrum 1 with flourishing DeFi and NFT ecosystems. Arbitrum Nova is quickly becoming a Web3 gaming hub and social dapps like Reddit are also calling Arbitrum home. And now, Arbitrum Orbit allows you to use Arbitrum's secure scaling technology to build your own layer 3, giving you access to interoperable, customizable permissions with dedicated throughput. Whether you are a developer, enterprise, or user, Arbitrum Orbit lets you take your project to new heights. All of these technologies leverage the security and decentralization of Ethereum and provide a builder experience that's intuitive, familiar, and fully EVM compatible. Faster transaction speeds and significantly lower gas fees. So visit arbitrum .io where you can join the community, dive into the developer docs, bridge your assets, and start building your first app with Arbitrum. Experience Web3 development the way it was always meant to be. Secure, fast, cheap, and friction -free. Bankless Nation, I would love to introduce you to Neil Samani, the founder of Eclipse, a project working to bring the Solana virtual machine, the SVM, to Ethereum. Today, Eclipse has announced their SVM mainnet, the first Eclipse layer 2 on Ethereum that uses the SVM as its execution engine, but Ethereum for settlement and liquidity. Is that a curveball? Well, it doesn't stop there because Eclipse is also using Celestia for data availability and RISC -0 for fraud proofs. So Solana's execution environment, settling on Ethereum with ETH as gas using Celestia for data availability and then security offered by RISC -0 fraud proofs. My first big question to you, Neil, is what the hell is that? What is this? Who even allowed you to put all these forms? What did you create? What is this? I love this image. This is amazing. What the hell is this family guy meme for the people listening on the podcast? It's like Noah on the ark and there's some kind of hybrid animal, like a giraffe, elephant, like I don't know what that tail that is, but some kind of hybrid animal that's been created, like the platypus. That is awesome. David, Ryan, thank you for having me. Yeah. So Neil, where did this idea to put four different networks together come about and maybe talk about some of the motivations here? So the original idea was just to put Solana Ethereum and that was the motivation behind the concepts. And what we ran into was just a ton of constraints and things that you'd expect to be true for a virtual machine because that's how it is in the Ethereum world. So an example is like a chain ID. When you switch your MetaMask wallet to another Ethereum chain or another EVM chain, then they actually have like a well -defined mechanism for doing that. Another example is there's no global miracle tree for Solana. So the lack of these primitives means that that initial idea was not so easy to implement. So we basically implement, we had to add in Celestia or risk zero out of necessity in order to make this possible. Wait, so you had to add Celestia and risk zero, like it wasn't an option to just do a layer two. Just pure Ethereum. So it depends on the amount of transaction volume that we end up running, but at our projected amount of transactions, Ethereum DA would just prove to be very expensive. And it would also lack a lot of the benefits of the Solana VM, which is that you're going for scale, meaning that you want the transactions to be really cheap. So right now it's like the base cost for writing 200 bytes to Ethereum is about 15 cents. So that would be like much more expensive transactions. And that opens us up to account from the Solana community, which is like, oh, we're much cheaper than you. But if you're doing it this way, then we can actually be competitive on price too. I want to get back to why Solana, because that's the big question. Why the SVM, right? But before we do, just really quick, yes, data availability is very expensive in today's world. However, there is some hope. We just did release an episode earlier this week with Dom from Eth Research on Blob Space, an EIP 4844, where the cost of data availability for rollups is going to drop quite significantly. Or maybe let me just rephrase that and say the availability of data availability is going to be increased massively in the form of these blobs. Does that change the calculus at all for you or is it kind of the same? It's still more expensive than something like Celestia. It definitely changes the calculus. Given that it's a fee market, we have to see where that fee ends up landing. So I want it to be live. But yeah, there's great research going on in the Ethereum community for scaling DA. We're watching it closely and we have ambitions to eventually just be fully on Ethereum and just use that for DA as well. Okay, well, let's talk about the big thing here. So the Solana virtual machine, the SVM. We've not done an episode comparing the SVM versus the EVM. We've been thinking about doing one. This maybe gives us a little taste of that. Can you tell us what is so great about the SVM? Why do some people sing its praises and seem to prefer it for certain things? The way to think about it is by starting with the EVM and just understanding the failures of the EVM so far in scaling Ethereum. And I think that if you asked a lot of the researchers in Ethereum community, scale is pretty much the biggest issue. But it feels kind of redundant for me to be saying that because everyone's talking about it. Yet, the way that they've tried to bring scale to Ethereum is just by taking the EVM and turning it into a roll up, effectively. But what's nice about a roll up is that once you've decoupled the execution, consensus, settlement, and DA, is that you can make that execution layer whatever you want. So the issue with the EVM is that it's single -threaded as it exists right now, meaning that all the transactions get in a single file line, they're executed one at a time. And that means that if there's a big NFT drop, for example, then that's going to really spam the network. And there's no way to get your DeFi transaction in unless you're competing with all those other transactions that are in line. But what's nice about a parallelized virtual machine is that you can execute those transactions concurrently, given that they're not touching the same piece of the state. So that's what the Solana virtual machine primarily brings. And it's the most battle -tested VM in the sense that Solana has been around, as opposed to Moov or some other parallelized virtual machines, which are much newer. And that means that you also get the benefits of the existing Solana code base, any existing libraries that are written for the SVM, and we can take all those and immediately port it to Eclipse. So that's the main reason to use the SVM, which is just scale. And scale is inherently maximalistic for a roll up to claim, because we're basically saying that if you have one SVM, you don't need all these other single -threaded VMs around it. Yeah. So one of the reasonings I've heard around the EVM is that while the EVM does execute, because that's what virtual machines do, it was not built for execution. It was built for the Ethereum layer one, and that has prioritized other properties. And while the EVM has had a ton of just network effects, the open source network effects around the EVM are super, super strong. I think in this day and age, in the year 2023, one of the things we're seeing is that the around the SVM are growing sufficient tailwinds that, Neil, I think what you're saying is that, well, I can feel safe that there is sufficient momentum in the network effects of the SVM code base that is going to be an alive code base moving forward into the future. And so it is going to be the execution virtual machine that we can deploy to Ethereum, because if we have a roll -up centric roadmap, we aren't beholden to the EVM on layer twos. This is my interpretation. Is this about right? Yeah, that's right. And what's cool is that it actually goes beyond just the existence of the SVM per se. It's a bit of a misnomer because the SVM is actually the Berkeley packet filter virtual machine. And that's been in the Linux kernel for like decades. So this is a very old virtual machine and it has raw support, raw can compile to the byte code. And there's a few surrounding extensions that are pretty battle tested as well. So we're taking all this existing wealth of open source code and just repurposing it as an Ethereum ML too. How much better is it, Neil? How can you quantify that? I would argue if it's like orders of magnitude, like a hundred times or something, some ridiculous magnitude or faster. Yeah. Okay. So like if we take a roll -up with the exact same stack you're talking about, but rather than the SVM, we have the EVM versus what you're doing with the SVM, how much better is yours? You're saying an order of magnitude, like 10X, 100X? Yeah. It's always tough to talk about throughput because the reality is it depends on what are the state access patterns. Like if everything, let's say every transaction the SVM was accessing the same piece of state, then you actually can't beat sequential because that's just like the fact about databases, right? You'd have to impose, if it was sequential rights, let's say. So then you have to lock that piece of state to execute the transaction, then do the next one, then do the next one. So you're not saving anything in the sequential case, but assuming they're all touching different pieces of state, which if the crypto thesis is right, we're gonna have all kinds of applications doing all sorts of different things. And that's effectively what these EVM roll -ups are mimicking. If you look at OPStack, the reason why people are deploying these is a lot of time they cite dedicated block space, but that's exactly what the SVM already solves for them. So our thinking is why fragment liquidity, fragment the user experience, make them switch networks. It's looking like a mess already, but you can prevent all that by just keeping it all in the same chain. Okay. So one of the, I guess the bull case for the EVM is basically, I don't think anyone really prefers it for its execution prowess and capabilities. They all prefer it because of network effect. It's because we started with the EVM, a whole bunch of apps were built, and now we could just very easily port those apps to roll -ups. That's kind of why. And I guess with SVM, you're making the case that it is much better for just the execution layer type thing, and you're still taking advantage of some of the network effect that Solana has built as well. I want to ask a question here because I'm not sure I fully understand this, but about different fee markets and resourcing, how does that work? So is it the case inside of your roll -up that if there is a big NFT drop or some sort of app that is consuming a large quantity of the block space inside of Eclipse, is that somehow isolated or segmented, or is there some kind of bifurcation of resources between another layer? Localized fee market is - This is a term that I've not fully understood, but I know our friends on the Solana side really purport this as one of the main virtue of actually Solana is these localized fee markets. Tell us about that. Yeah, it's critical. And if you've looked at Arbitrum lately, fees still spike substantially on roll -ups if they're single -threaded. And that's because of that exact reason that you're mentioning, the global fee market. If GMX gets a bunch of activity, then everyone suffers as a result. But economically, that's not actually really the way that it should be because there's this negative externality to GMX being imposed on all of the other apps, but really it should be constrained to that one app. So it's as if you took all these global fees and you just concentrated it on the one app that's actually causing on the hotspot or a state hotspot, as some of the folks on the Solana side will describe it as. And everyone else can just keep merrily happily walking along and they can execute on other cores. So it's really a property of the scheduler within the validator because in every validator, they have to somehow decide what order am I going to process transactions. And they're saying everything that's accessing this piece of state is going to all go on a single core and everyone else can use the other cores. And there's no contention on those. So Neil, this is really just a statement. The design philosophy of Eclipse is just a statement that it's a bullish statement on the growth of the SVM network effects. So maybe in this day and age, if you are like optimist or Arbitrum, you're going for this thing called Ethereum equivalents. And they are making a statement that, hey, we are bullish on the growth of the EVM network effects. And I mean, network effects of different virtual machines can grow independently. It's not an either or. But the philosophy of Eclipse is saying like, hey, there's the SVM network effects are going to grow. They're going to grow a lot. We want to take that and couple it into whatever the value is of being a part of the Ethereum ecosystem. That's my like synopsis of this. Yeah, I'd even argue that EVM network effects have proven to be not so important. And I think it made a lot of sense initially a few years ago when you had Polygon and BSC launching. But if you look at the types of apps that were deployed there, you get like SushiSwap, which is effectively a fork of Uniswap. And now I recognize they deployed even to like Ethereum. But those are the types of apps you often get. And it's rare that those apps are actually net new. Whereas by bringing the SVM to Ethereum, I think we're going to see net new applications in the Ethereum ecosystem, just given that there's a lot of apps that just couldn't exist without parallelism, central limit order bugs being a great example. We've seen a lot of decentralized physical infrastructure networks on Solana, so we can bring those to Ethereum as well. Apps like that, I think, are going to be more interesting to me rather than porting apps that already exist.
Bankless
A highlight from Why MetaMask Snaps is a Big Deal with Co-Founder, Dan FinIay
"Hey, Bankless Station. Here I am from Permissionless2 on why Snaps is a big deal. Metamask Snaps just launched at Permissionless, and I think you should know a little bit about it. This is a solo podcast. It's just me. David is off partying at some events, I think, right now. I'm about to join him. But before we do, I want to give you this episode on Metamask Snaps. This is like a browser extension only for your Metamask crypto wallet, and I think it unlocks a lot of potential. We're going to talk about why it's a big deal, what you can do on it today, how you can glow up your Metamask wallet, and we have Dan Finley, who is the co -founder of Metamask. He's been in the space forever as the original Ethereum OG wallet, and to see how Metamask has developed is pretty exciting. You can see the passion for which he has as we go through this episode. Guys, we're going to get right to the episode, but first, we disclose Metamask is a sponsor of Bankless, but of course, that's not why we did the episode. We did this episode because this is an awesome product that you need to hear about. We are long -term investors, not journalists. We don't do paid content. There's a link to all Bankless disclosures in the show notes at all times. All right, guys, let's get right to the episode with Dan, but before we do, we want to thank the sponsors that made it possible, including Kraken, our number one recommended exchange for 2023. Go check them out. Kraken Pro has easily become the best crypto trading platform in the industry, the place I use to check the charts and the crypto prices, even when I'm not looking to place a trade. On Kraken Pro, you'll have access to advanced charting tools, real -time market data, and lightning -fast trade execution, all inside their spiffy new modular interface. Kraken's new customizable modular layout lets you tailor your trading experience to suit your needs. Pick and choose your favorite modules and place them anywhere you want in your screen. With Kraken Pro, you have that power. Whether you are a seasoned pro or just starting out, join thousands of traders who trust Kraken Pro for their crypto trading needs. Visit pro .kraken .com to get started today. Mantle, formerly known as Bitdao, is the first DAO -led web3 ecosystem, all built on top of Mantle's first core product, the Mantle network, a brand new high -performance Ethereum layer 2 built using the OP stack, but uses Eigenlayer's data availability solution instead of the expensive Ethereum layer 1. Not only does this reduce Mantle network's gas fees by 80%, but it also reduces gas fee volatility, providing a more stable foundation for Mantle's applications. The Mantle treasury is one of the biggest DAO -owned treasuries, which is seeding an ecosystem of projects from all around the web3 space for Mantle. Mantle already has sub -communities from around web3 onboarded, like Game7 for web3 gaming and Bybit for TVL and liquidity and on -ramps. So if you want to build on the Mantle network, Mantle is offering a grants program that provides milestone -based funding to promising projects that help expand, secure, and decentralize Mantle. If you want to get started working with the first DAO -led layer 2 ecosystem, check out Mantle at mantle .xyz and follow them on Twitter at 0xmantle. Arbitrum is accelerating the web3 landscape with a suite of secure Ethereum scaling solutions. Hundreds of projects have already deployed on Arbitrum 1, with flourishing DeFi and NFT ecosystems. Arbitrum Nova is quickly becoming a web3 gaming hub, and social dapps like Reddit are also calling Arbitrum home. And now, Arbitrum Orbit allows you to use Arbitrum's secure scaling technology to build your own layer 3, giving you access to interoperable, customizable permissions with dedicated throughput. Whether you are a developer, enterprise, or user, Arbitrum Orbit lets you take your project to new heights. All of these technologies leverage the security and decentralization of Ethereum, and provide a builder experience that's intuitive, familiar, and fully EVM compatible. Faster transaction speeds, and significantly lower gas fees. So visit arbitrum .io, where you can join the community, dive into the developer docs, bridge your assets, and start building your first app with Arbitrum. Experience web3 development the way it was always meant to be. Secure, fast, cheap, and friction -free. Bagless Nation, I am super excited to introduce you to Dan Finley. He is the creator of MetaMask, and he's got something special for us today. Dan, how you doing, man? Oh, I'm euphoric. I'm walking on a cloud. And then, of course, I'm excited to get back to work and do even more tomorrow. You know what? You look like you are literally in paradise right now, because the scenery behind you is absolutely phenomenal. So I am, for listeners who can't see the visuals today, I've got this black background, looks very somber. I found this little cloister at the Permissionless Conference to record this, whereas Dan somehow has a microphone outside, and he's got beautiful trees, and shrubbery, and green foliage behind him. How are you managing that? Yeah, well, I just plugged it into the tree, and I knew that I was coming on bankless. You guys are always the best about flexing your green. Like other crypto podcasts, they flex their green, and then you guys flex your green. And so I thought I'd come on and flex mine. Especially my podcast co -host, you will be very proud of this shrubbery behind you, and I'm sure you can name every single plant. But we're not here to talk about plants. We're here to talk about metamask snaps. Okay, what are metamask snaps, Dan? Why are they important? Why are they exciting? Well, they're kind of like plants in your wallet. So you know how... I'm sorry, I did not prepare this metaphor, but let's ride it a little. No, let's go with it. Yes, let's ride it. So you know how your wallet right now, it's kind of just like a set of features you get from the store and you hope the team made what you want. It's like getting a box of processed food at the grocery store. And when it does bad and you have a lot of microplastics in your blood or whatever, there's a lot of fishing, whatever, you're like, well, why don't the devs fix this? And what you might like to do is know your ingredients and kind of curate yourself a little bit more of a home cooked meal, maybe have a friend over and have them help you cook something nice out of your fridge. And snaps are kind of like that. We're taking the wallet experience and we're kind of making it a collaborative development platform. And so there's a lot of parts of the wallet that we've wanted to improve in the past that are really hard to do in a centralized manner, just as a single dev team. There's just like, there are, for example, countless protocols. Like every time somebody writes a new contract, it's arguably a new protocol. And so representing it faithfully to the user is like actually a hard problem. And then there's how to keep a person safe or how to interact with new run times and stuff like that. And I think what we started realizing is the best people to build an interface to a new protocol are the creators of that protocol. And so we created the system that basically lets external developers build kind of plugins for MetaMask and add support for their various gifts and ship them right to our users. So today, for a lot of our existing users, that looks like you can install some transaction safety providers. And now when you're confirming a transaction, you can have additional third parties helping you stay safe. And you're all opting into these, right? Some of them may phone home and you get to decide whether they get to or not. Some of them are doing simulations. And some of them are using AI analysis. Some of them are using on -chain registries and court systems like Clarus. And basically, I think any MetaMask user should install a handful of those today from the groups that if they recognize any and trust any. And then there's a whole bunch of new blockchain protocols that we were able to support now. So there's like supporting like 21 new blockchains or something just as of yesterday. And it's only going to be more as we make it easier to publish to the platform.
The Podcast On Podcasting
A highlight from Ep375: Implement These 7 Things If You Don't Want To Podfade - Katy Murray
"Am a huge fan of being able to have solid takeaways when I listen to a podcast. And I know with like yours, you talk about how you help someone who wants to be on your podcast get everything in one spot. And that's awesome. It's here's one, two and three things that you can do today to be successful and to grow your business. Most hosts never achieved the results they hoped for. They're falling short on listenership and monetization, meaning their message isn't being heard and their show ends up costing them money. This podcast was created to help you grow your listenership and make money while you're at it. Get ready to take notes. Here's your host, Adam Adams. Hey podcaster, it's your host, Adam A. Adams. And today we've got Katie Murray on the podcast. We are going to be talking about her show. She's done coming up on a hundred episodes, which is awesome. And as well, she serves business owners. So her podcast is called ginger biz, the podcast with Katie, the link is already in the show notes. So go ahead and scroll down. She was a photographer on the side. She has a full -time job right now. She was also doing photography and then she lost the podcast. And now she's got a firm where she supports business owners utilizing the, her team, which is mostly VAs as I understand. Is that right, Katie? Yes, sir. Coo coo. So you help people with random things, like a few different things. One of them is Pinterest growth. So if you're listening and you're like, I want to launch a Pinterest. I want to grow a Pinterest. I don't know how to do it. I'm not sure what I'm doing. Katie does that. Her team does that. They also help with blogs, a little bit of website copy, not like building the website literally from scratch, but doing the copy to make sure that your website is reaching out to the right people. And we're going to jump in and find out her history of the last. Since let's see, it's probably been over a year, which means are you publishing more than once a week on average? Because it seems like you are. Yes. I generally do one solo episode on Tuesdays and then a guest episode on Thursdays. And have you always done it like that? Because you'd probably be over a hundred episodes already. Correct. Did you do like one for a while? Yeah. So the guest ones come and go right now. They're pretty fluent. Like we're doing good with that content, but definitely in there. It was kind of figuring out our steps. Okay. So let me ask you, and I think this would super beneficial for the listener. You started your podcast over a year ago and you've learned a couple of things along the way about podcasting even mentioned that some of the things are becoming more fluent. So where I want to start is like, Katie, if you were launching a brand new podcast with just the knowledge in your head that you've learned along the way, what are some things that you would make sure to do or do differently than the first go round? What would do now if you were launching? Yeah, great question, Adam. So I would say the first thing is kind of figure out what I wanted to do with guests straight out the gate so that I knew. And then I put a workflow in place, which has been amazing. I have an intake form. It asks every single guest the same questions and it slates me for rolling into their intros and getting them set up for the recording and getting the media out to them. And I should have been doing that from the get go before it used to be like, Hey, Adam, you want to be on my show? Cool. What do you want to talk about? And then it was just a lot of back and forth. Now I can hop in a group where I can meet somebody and say, Hey, here's a link to the landing page. It tells you all about my podcast and right on that page, you click apply to be a guest and boom, boom, boom, it's so seamless. And it literally takes me like six minutes to get a guest outline slated and ready to go with links and everything. So when they apply with your new intake form, the application to jump on the podcast, it might take them more than six minutes to put in all the information, but it takes you six minutes or less to know exactly what to do. Yeah, I would say on average, it takes people like 12 minutes to complete it. Now that's given that they know what they want to talk about. They have to have some sort of expertise because it says, what topic do you want to discuss? And what are three to five questions that I can help ask to keep the flow of the podcast going? So I have had a couple of people stumble on that. They're like, well, I don't know what to talk about. And so that's why I created the landing page to say, here's the people that I serve, here's what I do. And then they can kind of vet it themselves to see if they're a good fit. It's a little more of a hands -off approach. Okay. So you got a landing page and it says who you serve, like who is the perfect avatar? Who's the listener. And I think that's really smart. Like somebody who's launching a podcast right now, here's an issue that I see all the time. We don't, most of us don't understand who that avatar is ourselves. Even if we do, we're horrible at translating that to the guest who's coming on the show. And what that seems to do is people come on the show and their first thought is I need to self promote. I need to wiggle in a story about a client and they are thinking of a lot about themselves and they're not always thinking about who is your perfect listener. And I know that when I go on somebody else's show, I always ask like, who's listener, what are they worried about? So I can really understand that and then cater each of the answers to questions toward how to serve that person. So it's not coming across just as self -promotion. And so one thing that you've done is you've gotten that right up front. So they go to the landing page, they read about this and then they apply and it helps them to be more focused on your listener and hopefully less on themselves and what they have to promote. Is that part of it? Yeah, totally Adam. And something with that, that is beneficial, then I'm not rejecting as many people because I'm not like, Hey, Adam, unfortunately like that doesn't fit with what I want to talk about. And I think it enables people who may not be avid listeners or even listened at all to Ginger Biz. They can still step in and be an extension of me and help promote the overall message that I want to share. Let's talk about the title of the podcast and let's talk about your perfect listener. So you identify the perfect listener and I love that you put it on the landing page. Could you take a what they're going through and what you help them with? Yeah, absolutely. So I would say that my average listener is probably 30 to 35 -ish and they are zero to two years at the business or entrepreneurship, whether it's full -time or as a side hustle. And it's someone who has lots of ideas, but only has two hands and can't grow past their own knowledge base. So Ginger Biz, the podcast comes in as a pocket cheerleader and and encourager an advocate for here are tips and tricks that have worked for me. Here's what hasn't worked, but here's the solution. And just kind of putting it all together with very, very tangible things. I'm a huge fan of being able to have solid takeaways when I listen to a podcast. And I know with like yours in one of your previous episodes, you talk about how you help someone who wants to be on your podcast, get everything in one spot. And that's awesome because that's the kind of thing I want to hear. That's what Ginger Biz does. It's not these lovey -dovey stories of how we've been successful. It's here's one, two, and three things that you can do today to be successful and to grow your business. Yeah. I want to ask a question because as I look at the podcast artwork and the title, the title is simply Ginger Biz when it's just written out. And then you can see that the person in charge, the person, the host is Katie Murray. And then when you look over at the podcast artwork, it's going to be the white background. It'll say in the middle with the logo, Ginger Biz, the podcast with Katie. I'm curious if you've considered making at least a tagline because like I'm thinking about that perfect listener who's wanting to offload some stuff, wanting to start the 35, they're zero to two years in. And I'm curious if what they type in is automatically going to find you. Like if we're typing in ginger as like the reason what we're trying to listen to. So how have you thought about that? Is it, is it working? Is it not working? Are you adding anything to it? What do you think there? But it's funny you say that just before I jumped on with you, I've been in the process over the last month trying to figure out the perfect tagline because I want to introduce merchandise. And when listeners listen and rate my show, I want to randomly pick people to give merchandise, but as conceited as I may be, they don't want my face and then ginger biz with Katie on it. So I am trying to work towards picking a tagline. Most of my listeners, I think right now come through TD, targeted daily engagement. So it's not necessarily from a search engine. So that's something that I can definitely grow in. So yes, I've given it a lot of thought, but I'm super indecisive. So trying to figure out the perfect tagline is definitely a little challenging. Okay. So you mentioned something that I hadn't heard this term, these three letters before. I think you said T D E and was it targeted daily engagement? Yes, sir. So how do you do that? Like if we've got a listener who wants to grow their podcast, sounds like this is the way that you get your listeners. Is that part correct? This is how you find them. So how does the listener find listeners? How does the other podcaster find their listeners using TD? So Adam, it might be similar with how you and I ran across each other. We're in a group online and I'm interacting and I'm doing targeted daily engagement. So I'm specifically targeting who I want to either be on my show, which in this case, that was it. It was like, I was either finding a guest or wanting to be a guest. So that was the target for that day. And I do it daily because I want to continually show up in those groups or those feeds or whatever the case. I know Reddit is a very good spot to do it. So if I'm in there and I'm looking at entrepreneurial like things on Reddit and I'm interacting with those people, I make sure that the host of gingerbiz is in my bio. It's on my about me. It's all front and center. And then I just offer good insight for these people. And then they get curious, like, this girl knows what she's talking about. And then they stumble on my podcast. Now it goes back to what you said in the beginning. I'm not trying to get on this show or get in any of my areas and just sell. I'm not, Hey, come listen to gingerbiz, jump on, listen, listen, listen. Instead, I want to give them tangible takeaways. So that sparks the curiosity. So it's organic. I'm not just shoving gingerbiz down anybody's throat. So that's what I consider TD and you can do it on other platforms as well. You can do it in Facebook groups. That's probably my biggest one. And that's where I've gotten the last like 40 guests that I've had, or you can do it on Instagram or Reddit or even LinkedIn has seemed to be a pretty cool spot to start getting to know people and not to be too long -winded, but an additional point of that is. If I know Adam that I'm launching podcasts, one -on -one a course that would be perfect for your listeners. I want to go and interact with you and become a voice on your platform and get to know you. And then people will see us interacting online and that'll kind of grow it. So that's another form of TD. Cool. So you've had like 40 ish guests that came from that you've had close ish to a hundred episodes as we're recording now, and probably more when it launches, when this is being published since you're doing a couple of weeks and I'm looking at the ratings and reviews. And I wanted to find out like, if you're focused on getting that social proof, the rating and review or not. And if you are, I'm curious if you talk to guests or clients or friends or family to maybe give you that social proofing on your show. Absolutely. So after I do a guest episode, I do a couple of different things. Bear in mind that my podcast is secondary to business, although we are pivoting that so that it's more monetized and hopefully more the sole income for me. But that being said, I send a thank you, whether it's a gift or a card to each of my guests personally. And then I do ask them to drop a rating for me. And then in my newsletter, which like my email campaigns, I also request people to leave reviews. So I'm constantly asking people to leave reviews. I've done that with photography. I have over 150 reviews for KMP and I found that that's been hugely beneficial. So I am working towards that. Yes. Hey, do you still do the photography at all or did that go away? No, I still do. Definitely paired it back and maybe this gives some insight, but I'm multi -passionate entrepreneur. So I have triangle. I am a human resource profession by day. I have my podcast and branding photography to support other businesses.
The Bitboy Crypto Podcast
A highlight from Are Altcoins Still In Trouble? (Gary Gensler Not Giving Up)
"Dark AI agents, you know, giving us just answers that, you know, that they get access to, the government gets access to, the tech companies get access to those answers. Why can't we ask the crazy questions? We have Gary Gensler. He just had some comments. He just was speaking in front of the House Financial Subcommittee, I believe here in the SEC. Gary Gensler demonstrates an unbowed will to stand down from his stance towards crypto ahead of the Senate hearing. Here was the Senate, following the Commission's partial loss in the SEC versus Ripple lawsuit, and an even more clear -cut setback in the ETF contention. Gensler is seemingly poised to stand by his gambit, claiming he is out to protect both crypto users and issuers and investors. And in written testimony ahead of the Senate Banking Committee hearing, Gensler stuck to a consistent theme, lying. No, no, no, no, no. He's reiterating that nearly all transaction qualifies as an investment contract, subject to US securities laws. As I previously said, without prejudicing any one token, the vast majority of tokens likely meet the test. Given that most tokens are subject to the securities laws, it follows that most intermediaries have to comply with securities laws as well, hiding behind vague terminology like most and a vast majority. So, and then also likely meet. So he's staying away from anything where he could point to and say, hey, you, you issued us, you know, a clear -cut yes or no. No, he's doing the opposite. He's being vague. He's being obtuse. He's being gray and murky and swirly. And it's all smoke and mirrors, as they say. Likely, you know, likely meet. It's most crypto tokens, most intermediaries. All right. Keep scrolling here. Is he blinking back? Is that pollen? That's just pollen, right? Is that pollen? It's something. Maybe, maybe it's like the, the, the final act of a Pixar movie, you know, maybe, maybe that's maybe he's looking at DZ's portfolio. He's looking at the ape coin. He's just looking at another security, whatever it is, he's looking at it. He's so I actually watched like, you know, 40 some minutes of the oversight hearing this morning. And I mean, he's just like a broken record. Like, you know, crypto is just rife with, blah, it's just so terrible. It's non -compliant. You know, everything's a security. Like, I like really, I made a video, like, ironically, like, you don't even need to watch this video because we know what he's going to say. And then I watched it anyway. And he said everything I thought he was going to say. And it's so funny because you can obviously see, like, obviously the Democrats give him like the soft, the softball answers and agree with everything he says, and then the Republicans push back. And no matter what hearing it is, it's just such a clear divide on who's on his side, who's already like prepared the questions they're going to talk to, you know, and then the other side is clearly like, you're not helping anyone, you're not protecting investors, like you're saying one thing and doing another just classic, classic Gary. And I'm so sick of talking about him. Classic Gary is like an 80s sitcom character, the rascal neighbor kid that's like next door. And guys, I have a new strategy with the combatants against crypto. I'm gonna say their name one time, might be the last time you ever hear me say their name. I'm talking about Elizabeth Warren's tactics and the tactics used by people like her. There's going to be a new strategy we're all going to employ together, and it's going to help out the crypto industry. Thank Ryan Selkis for this one, giving me that idea. All right, let's talk about the wide ranging non -compliance here. This is what he's saying is the main issue with crypto. He also raised concern about non -compliance in the industry, which he termed, guys, it's wide ranging. Given this industry's wide ranging non -compliance with the securities laws, it's not surprising that we've seen so many problems in these markets. Gensler will be grilled about recent enforcement actions by the commission, which according to many observers have been nothing short of a witch hunt and an overreach of their mandate. I think we would all be in agreeance with that, right? Well, let's go from the SEC to the CFTC. CFTC commissioner plans to modernize investor protection with technology, with technology to minimize the danger. I'm sorry, God, God, that was terrible. That was my JTTI impression. That was top notch. It was an okay song, but I butchered it. All right, to minimize damages caused by financial fraud, Romero proposed the formation of the national financial fraud registry, a centralized record of all crimes and fines related to financial fraud. Isn't there like a website that does that already? I feel like we don't need to create more committees. And what was the word that they use here? We don't need a registry. To me, that just seems a little big brother ask. How about we just have a fun website where, you know, let's just detail all the things. We have the entire US debt. We have the GDP up. We have all these websites. They have all this information up. So why couldn't we do it with just companies that have been fined by the federal government and state governments are then one that has everything combined there. That's genius. Genius. All right. You know what? They're going to do it. They would. That's the thing is that they probably would. That's hilarious. All right. A spearheading this effort to amp up investor protections and guard rails. Romero appointed technology experts in FinTech, AI, crypto, blockchain, and cybersecurity to their advisory committee. Let's see here. We have Christy Goldsmith. Romero's the chairperson there. The commissioner revealed that the TAC experts are tasked with identifying ways to instill KYC, which stands for know your customer and AML processes, which stand for anti money laundering and to defy in crypto invest in avenues. We're also tasked with promoting responsible AI development because we can have those dark, dark AI agents, you know, giving us just answers that, you know, that they get access to, the government gets access to, the tech companies get access to those answers. Why can't we ask the crazy questions? Uh, you ever see some of those crazy prompts? I'm actually kind of for a little bit. We don't, we don't need a first grader to be able to, I don't even want to say them out loud. There's some dark prompts where you can find out ways to do a lot of harmful things that doesn't surprise me at all. I remember when chat GBT first came out, there was like this really long prompt where it would give you like chat GBT's answer. And then it would, it was like some name like Kevin Dan. Yeah. And it was, it would give you like the, the far right wing sort of answer. It was hilarious, but I don't, well, where is that prompt? Someone sent it to me, please. Well, yeah, they, they fix a lot of it, but yeah, we don't want someone to say, what's the most harm I can create on humanity with household chemicals. And then all of a sudden, you know, like mustard gas and you know, the, you know, we don't want anarchy cookbook version of chat, TPT on steroids. Yeah. Let's, let's, let's reel it in here. It's really didn't reel it in. Yeah. This basement talk, right? Yeah. Sorry, Drew. All right. Investigations have shifted away from primarily backtracking trade activities to monitoring social media platforms, such as X Reddit and Facebook. However, they also recommend the use of tools to aid such investigations. The registry would help investors do background checks for any investigations or fines for fraud imposed on the companies. Yeah. I just, I just don't want a whole agency. I don't want a whole registry. I don't want a whole entity of government spun up for this. Just make a little website. It's not that hard. We don't have to have a overseers and, you know, people in trench coats and briefcases knocking on your door in the middle of the night.
Crypto Altruism Podcast
A highlight from Episode 120 - Chatting open source standards, digital media, and being a Founder in Web3 with Adam Helfgott
"I really enjoy building things that change the way a current system works. And so delivering products that change lives for the better is really interesting. And there's just this strong faith and belief that public mainnets provide an opportunity to do that again. Welcome to the Crypto Altruism Podcast, the podcast dedicated to elevating the stories of those using Web3 for good. I'm your host Drew Simon from CryptoAltruism .org. Now before we get started, a quick disclaimer. While we may discuss specific Web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice and please make sure to do your own research on investment opportunities or any opportunity, including its legality. And now, let's get on to the show. Welcome and thanks so much for joining. I'm sure that many of you listening in today are founders in Web3, and for those who aren't, I'm sure that we can all universally agree that being a founder is not easy. While today's guest is no stranger to this life and has over 20 years of experience as a tech founder, having secured some huge wins, including hundreds of millions in investments. So for today's episode, I'm excited to welcome Adam Helfgott, founder and advisor of several tech and Web3 companies, including Valence, AliceNet, and Madhive. We discuss being a founder in Web3, advice for emerging entrepreneurs, on -chain identity, blockchain and data privacy, and much more. So without further ado, please join me in welcoming Adam to the Crypto Altruism Podcast. Okay, Adam, thank you so much for being here today on the Crypto Altruism Podcast. A pleasure to have you. I'm so happy to be here. I'm really looking forward to this call and I love the point of view. Yeah, great. Awesome. Love the work that you're doing with a number of different organizations kind of working at that intersection of, you know, blockchain and digital media and lots of different kind of intersections there that you're looking at in your 20 plus years of entrepreneurship experience. I'm really excited to pick your brain on that. Before we get there, though, and learn about, you know, what you're working on today, we'd love to So what was your aha moment that that got you excited about crypto Web3 for the first time? Yeah, really good. Good question. So a long time ago on Reddit, I saw I saw the post about Bitcoin, right when it like kind of came out. And I had another startup that was starting about then. And I was like, you know, this looks really interesting. Let me, you know, get into it a little bit. And I did it because I'm kind of like lazy by nature and I was really busy. And but I kind of I kept I kept track of it all. And then, you know, kind of saw Bitcoin taking off. And, and, you know, to to, and I knew there was something novel here, you know, anytime a new a new database technology comes out, you know, like it's a world changing event. And in, in all seriousness, I probably didn't quite understand what blockchain actually means as far as product development and like and how it can work and benefit humanity as far as you know, like, every time there's new products out, you know, like, just like our lives today, you know, the the middle class of America is 10 times better than the Rockefeller's 1920s. You know, like, like, every time there's new technology, things kind of get better and better and better. But I really understand the why and how it works and everything's like, like how the implementation probably until, you know, maybe four, four or five years ago. But during that time, I spent a lot of time on trying to understand how it got there. You know, I didn't know what I didn't know. You know, so I didn't know I didn't quite get it until I had like a second aha moment where I really understood the value of a public mainnet.
Bankless
A highlight from Surveillance Finance 101 with Seth Hertlein and Michael Mosier
"Hey, Bankless Nation. I put out a tweet last week that said this, who can come on bank lists and explain the modern financial surveillance apparatus? FADF, FinCEN, AMLKYC, OFAC, the Blacklist, the Graylist. How does it all work? Who makes the rules? But in the space for years, I still don't understand these dark corners. That's very much how I felt coming to this episode, needing the financial surveillance 101. I knew it was an octopus, knew it was this multi -headed hydra. I had no idea how deep its roots actually go, and today we unpack this with legal experts. Seth Hirtline, he's the VP of Global Policy at Ledger, and also Michael Mosier. He actually has spent some time in the belly of the beast at both FinCEN and OFAC. Now he's on our team. He's the guy inside the house. Yeah, and now he's on Team Crypto, so he's got some insider baseball that he's going to tell us as we make sense of this. This was a really fantastic episode. I know I want to get your comments on this episode, but before we do, we've got a message from our friends and sponsors over at Ave. David, what does Ave want bankless listeners to know? Ave wants you to know that Ave V3 is here. I mean, it's been here. It's been here for six months. So why does Ave want you to know that V3 is here? Well, because apparently over a billion dollars of capital doesn't know that because it's still in Ave V2. Not only that, but there is a button for migrating your capital to Ave V3. So Ave, if you are an Ave V2 enjoyer, which you are free to because it is permissionless open source technology, they still want you. Everything gets better if all of the liquidity goes to the same place. So if you are using Ave but you are using Ave, an old version of Ave, perhaps consider joining the rest of the crew in Ave V3. It has more liquidity than Ave V2, but also some extra features as well. So power asset isolation mode and compartmentalize your risks. It's got some gas optimizations. It's got some extra bells and whistles. It's just a better version of Ave. App .Ave .com. But then also there is Ave Grants. If you are a builder building on Ave, especially their brand new stablecoin Go, there are grants available to you. So overall, there's a bunch of things to do in the Ave ecosystem, and there's a link in the show notes to get started with all of them. Yeah. My favorite, I would say both of our favorites, lending and borrowing protocol and crypto. They've been around since the very beginning. Ave is just fantastic. David, I know this episode was my idea. It's kind of like geeky, wonkish stuff, but I felt like it was so important, especially on the back of developers getting arrested in tornado cash. Like what is going on? I just realized one day I don't even understand what all of these are institutions and what gives the financial surveillance system their apparatus. What did you think of this episode? Yeah, I definitely would categorize this one as a Ryan episode. I was definitely in listening mode for the majority of this podcast. I mean, I guess that's what it's like to be a listener. You're in listening mode, so I guess telling listeners to enter listening mode, I guess doesn't help them. I learned a lot. It felt like story time, a little bit about American history. One of these episodes that we frequently do on Bankless every now and then about just like, hey, how did just the state of laws come to be in the way that they are and how are they downstream from the original American values that this country was founded on? What about the current settling of the dust around this new player in the world of, in this universe called cryptography? How is that disturbing the equilibrium and how do we need to extend American values into this new world? Because if we don't do that, then non -American values will take over. I think that's kind of the through line that I would, that will anchor Bankless listeners is that there's this new field in territory. We can have freedom enter and establish itself legally, or we can have authoritarian interests enter in that same field. And I mean, I think everyone knows which side that we want to win. We need to actually fight for that and fighting for that starts with understanding. And so I think that's why I enjoyed this episode is it helps tell that story. Yeah. And anytime David says American values, if you're outside the U S and you're like American values, just, just think of liberal values, like lowercase L values, right? Civil liberties you know, freedoms of citizens to, to express themselves and to transact without the surveillance of the government. That's really what we're talking here. And that's what's at stake more than anything. I think this episode impressed upon me that unchecked, this is just an octopus. This is just like a tree structure that will, I don't know, it's not an octopus slime mold. It will grow. Exactly. And, and it is growing and it has grown since like the 1970s. Anyway, absolutely fantastic episode guys. Stay tuned for this. But before we do, we want to tell you about our friends over at Kraken, which is our number one recommended exchange. Go check them out. Kraken pro has easily become the best crypto trading platform in the industry. The place I use to check the charts and the crypto prices. Even when I'm not looking to place a trade on Kraken pro, you'll have access to advanced charting tools, real time market data, and lightning fast trade execution, all inside their spiffy new modular interface. Kraken's new customizable modular layout lets you tailor your trading experience to suit your needs, pick and choose your favorite modules and place them anywhere you want in your screen with Kraken pro. You have that power, whether you are a seasoned pro or just starting out, join thousands of traders who trust Kraken pro for their crypto trading needs. Visit pro .kraken .com to get started today. Mantle formerly known as Bitdao is the first Dow led web three ecosystem, all built on top of mantle's first core product, the mantle network, a brand new high -performance Ethereum layer two built using the OP stack, but uses Eigen layers data availability solution instead of the expensive Ethereum layer one. Not only does this reduce mantle networks gas fees by 80%, but it also reduces gas fee volatility, providing a more stable foundation for mantle's applications. The mantle treasury is one of the biggest Dow owned treasuries, which is seeding an ecosystem of projects from all around the web free space for mantle. Mantle already has sub communities from around web three onboarded like game seven for web three gaming and by bit for TVL and liquidity and on -ramps. So if you want to build on the mantle network, mantle is offering a grants program that provides milestone based funding to promising projects that help expand secure and decentralized mantle. If you want to get started working with the first Dow led layer two ecosystem, check out mantle at mantle .xyz and follow them on Twitter at zero X mantle. Arbitrum is accelerating the web three landscape with a suite of secure Ethereum scaling solutions. Hundreds of projects have already deployed on Arbitrum one with flourishing defy and NFT ecosystems. Arbitrum Nova is quickly becoming a web three gaming hub and social daps like Reddit are also calling Arbitrum home. And now Arbitrum Orbit allows you to use Arbitrum secure scaling technology to build your own layer three, giving you access to interoperable customizable permissions with dedicated throughput. Whether you are a developer, enterprise or user, Arbitrum Orbit lets you take your project to new heights. All of these technologies leverage the security and decentralization of Ethereum and provide a builder experience that's intuitive, familiar and fully EVM compatible, faster transaction speeds and significantly lower gas fees. So visit arbitrum .io where you can join the community, dive into the developer docs, bridge your assets and start building your first app with Arbitrum experience web three development the way it was always meant to be secure, fast, cheap and friction free. Bankless nation. We are super excited to host two legal minds on our show today. Seth Hurtline is the vice president global head of policy at ledger and Michael Moser. He's the building ex ante. Um, he's formerly been at FinCEN and the treasury chief technical council at T analysis. So he's seen a thing or two in the space. Uh, welcome Michael. Thanks. All right guys. Uh, so what we're going to attempt to do on today's episode is give kind of the everyman explanation of financial surveillance. I feel like this is an episode. Um, maybe for me, it's, it's kind of a selfish episode because I feel like here I am in crypto and I've heard all of these, you know, four or five letter agencies. Uh, and it's recently started to impact my life with like tornado cash. I'm not entirely sure what these agencies are. I'm not entirely sure what's legal and what's not. I'm not entirely sure what powers each of these agencies actually have over my financial life. And I'm looking for like the one Oh one, I'm looking for like the, the explainer when we call it, talk about fat if, uh, and we're talking about OFAC, we're talking about whitelists and gray lists and we're talking about, you know, can I use tornado cash or not? And I can't because I'm an American. I just don't know what, uh, what every like what's going on here. So I feel like we need the one Oh one episode. So if you guys are game to do that, that's what, uh, this we're going to try to accomplish today. So I'm good. Great. Absolutely. Well, let's, um, let's kind of start domestic, uh, from sort of the U S perspective if we will, and then, then go international to kind of the rest of the world. But I want to start with maybe a working definition. So I'm thinking of this episode as like a financial surveillance one Oh one episode. And I'm wondering if you guys could sort of describe financial surveillance when I use that term, what does it mean to you? What is kind of happening behind the scenes? Who are some of the main agencies that hold the power? I'll throw this one to you first, Seth. Okay. Um, well, I, you know, I think, you know, for the purposes of this episode, let's, uh, you know, sort of carve out, you know, private sector or sort of corporate surveillance. Um, uh, let's, let's sort of limit the scope of today's conversation to, uh, to government surveillance. But I, you know, I think the, uh, you know, a good working definition could be, um, you know, information that is, uh, collected by, uh, or, uh, required to be reported to, uh, the, uh, the federal government or an agency thereof, uh, either by individuals or, um, uh, by, by service providers, intermediaries, uh, that they use for, uh, their everyday financial lives. So just to check that definition, Seth, I hear hearing two parts. One is the legally mandated reporting requirements, which if you don't do it, you get like something like fines and jail. And then there's additional information, which it would seem that the powers that be are able to just collect by their own visual, uh, mechanisms as in like it's information that's out there and they collect that information because it's available for them to collect. So that's two types of data. I mean, you know, Mike, I'd be curious your, your thoughts on this. I think it sort of converges effectively into, uh, more or less the same thing. Um, so, so maybe not a need to draw that particular distinction. Um, yeah, I think, I think it's a, I think it's a collective approach. It sort of, um, I think for two reasons, one is, you know, some of that will come into play, David, as we're, as we think about challenges, including constitutional challenges, uh, as courts have, have made a distinction between, uh, when you put your trash out, um, have you relinquished control of it? And if somebody goes through it, they just go through that through it, um, versus, uh, somebody coming in your house and going through your papers, which is the sort of genesis of the fourth amendment. Um, and I think as Seth's pointing out, we're, we're in a space here with, with web one, two, and now three, where there's tremendous amount that's, that's in this gray area between what's public and what isn't. I think even, even the concept of like what's public information at this point, um, is, is a lot more of a fine tuned, uh, fine nuanced issue, uh, including, I should say, like in a way that, that also these same government agencies that are, that are collecting it for various reasons. I mean, the, the mission of all of this, uh, and I think this is important is something when, when I was at FinCEN, we would say to the people on the Hill, making the laws too, sometimes without asking us first, uh, was that the primary mission is countering exploitation here. And so you have to factor into that, that the fact that this information out there and being collected in any form is also subject to creating greater exploitation. Uh, and that, that includes people's, you know, honeypots of people's data that gets hacked. Um, some of this recently coming up in FTX and Kroll, um, coming out of the bankruptcy. Uh, and that's something that, that I think there's the policymakers and the politicians, and then there's also the, operators out there, including at FinCEN and DOJ are saying, actually we don't need more cases and more victims. Uh, so can we protect some of this too? It's partly why we brought in privacy experts and did initiatives on zero knowledge proofs and homomorphic encryption at FinCEN. So I do think it's really important that we're, that we're talking about that very holistically. There's a lot out there. So already we're talking about FinCEN and DOJ and treasury and all these kinds of institutions. I want to get some working definitions on, but, but while we're, while we're talking about, um, this, this term, financial surveillance, all right, let's just get a grasp of what sort of data is generally being collected. And like, when is this primarily like, uh, intermediaries that are required to submit this? Because, um, as a, you know, a citizen of the US, I don't often have to, I guess I'm not like conscious of times that I'm like filing paperwork with treasury or FinCEN, but maybe I am through an intermediary and I, I just don't know it. So what sort of things are being tracked and, uh, surveilled and why? I'm happy to take that first. Yeah, I think, I mean, so it's true. You're not, although I will say there's, there's, uh, there's legislation out there, particularly in the tax space that could make you a reporter, Ryan, whether you like it or not, and whether everyone around you likes it or not. Uh, speaking of honeypots, like you may be collecting and reporting on others, but I think as, as in a traditional stand from the, from a FinCEN perspective in the Bank Secrecy Act, um, you're absolutely right. It would be intermediaries. Uh, and in fact, this goes back to some of the constitutional issues that, and the third party doctrine that Seth mentioned, but it's really transactional information. Um, and historically, in fact, the, we can talk through a little bit if you want the history of the Bank Secrecy Act, but it was exactly this. It was around, uh, reporting requirements basically, uh, coming up through the seventies. Um, and basically at the time it was purely, it was basically large cash. Um, law enforcement was seeing large cash deliveries to banks. I'm pretty sure it was organized crime. And when they would go to a bank, the bank would say, I don't know, I don't know why, um, Bugsy Siegel dropped off, $100 million. Uh, and so the other piece of that was that there was foreign Swiss banks, uh, at the time. And so this was the foreign transactions reporting piece of it too. Um, that had Swiss bank, Swiss secrecy, uh, Bank Secrecy, which is where the Bank Secrecy Act comes from. Um, and so the US would say, okay, well, we'll go to Switzerland where some of this money is getting sent from the bank that was brought in in cash. And they'd go to the Swiss and say, okay, you tell me about what's going on here. And they would say, there's nothing we can say. There's a secret, there's bank secrecy here. And so part of it was going to the US banks and saying, we need you to collect more information at the time. It was really just information of like, who's collecting it. Um, give me their, their, basically their, their bank opening information. Where do they live? What's their phone number? What's their, um, what's their occupation? What's their source of income, that sort of thing. It evolved over time to suspicious activity reports, which is much more, I think what, what you're thinking through, which is, okay, now a bank is making a determination. Seth came in the other day. He didn't just drop off a bunch of cash. He's, he's making anomalous, uh, deposits that don't make sense to us. Uh, this seems suspicious. He said he was, uh, he said he was a reporter, but he makes a million dollars a day. Um, what's going on here. And so they would file a suspicious activity report that would lay out, who is it? What did he say it came from? Um, and what is it that's suspicious about it? And I, and I should say like, you know, back in the day that would have been, he brought in a bag of cash, um, net, then it would evolve to checks and check numbers. Then it would evolve to trans, uh, wire transfers and the wire transfer information about every piece of that transaction who the correspondent bank was in the crypto space. That could be all sorts of things. What wallet address was connected? What time? Uh, if it's a, if it's a public ledger like Ethereum or Bitcoin, that might be, here's a graph of everything that that wallet touched, um, historically, uh, depending on what the platform is, they may collect the IP address, even the device identifier that Seth used to connect. Um, so there's a tremendous amount of data and metadata that could be collected in that. Can we, Michael, so can we go back to kind of the history here, uh, with you guys to make sure I understand it. So there wasn't, and we're still domestic, so we're still talking about the U S and we'll expand international after this. So, um, prior to like the 1970s, am I right to say there wasn't much financial surveillance? And then in the nine 1970s, is that, is that correct? Yeah. Yeah. Okay. So that's correct. And then in the 1970s, basically to kind of fight crime, maybe organized crime, you know, the mafia was sort of one, uh, one organization that was in the cross hairs. Uh, the U S came out with a bank secrecy act and this started sort of the, the surveillance, financial uh, apparatus. And, and so this, is this the reason basically for AML KYC, which is like, I have to be identified before I can like, you know, with a government ID, let's say before I can open a bank account. And this is the reason when I go to like transfer money or take out a large deposit from my bank, uh, the bank teller will say, what are you doing with that? Like, how are you using that money to ask these questions? I'm always like, why, why do you need to know this? Uh, you know, and it's almost couched as if, well, we want to protect you from frauds and scams and you know, maybe that's part of it. It seems like more of it is, is, is kind of this financial surveillance apparatus. So that's why I have to present an ID. That is why they are asking questions like, what are you doing with the money? And can you tell me more about, uh, the source of the funds? These are all questions. I'm, I know many bankless listeners have, have seen from their banks and it all, all emanated from this legislation from the, the 1970s and the bank secrecy act is that, is this correct? Yeah. So it started, uh, bank secrecy act was enacted in 1970. Um, and you know, at, at that time it was, uh, you know, a much smaller version, uh, you know, than it is now. Uh, right. So in 1970 I had two, uh, two core provisions, title one, title two, title one basically said banks have to, um, record, uh, transactions of their customers. They have to keep an internal log of all the transactions their customers made. Title two said the banks have to report, uh, transactions over a certain size to the treasury department. And in 1970, that, that threshold was set at, at 10 ,000 us dollars. Um, and so that created, um, one of these forms that, uh, the reports get made on called a CTR or currency transaction report. Uh, importantly, the, uh, that threshold, that $10 ,000, uh, hasn't ever been adjusted. Right. So if you, if you go back and you adjust the CTR threshold, uh, back to, to 1970 dollars, it's the equivalent of about $79 ,000 today. Wow. And what that amounts, yeah. What amounts that amounts to is, uh, you know, a gradual but constant tightening of the noose of, uh, transaction reporting of, uh, you know, the American people. Uh, and, you know, and so that's where it started. Um, you know, but, you know, both as, as sort of Mike and, and Ryan, your, your, your comments alluded to, there's this sort of creeping nature of it where it all, it just expands. Right. So first it was just the CTRs and the record keeping, you know, now it's, uh, SARs or suspicious activity ports that were added in 1992. Um, there was a, a vast expansion of the scope of the types of transactions it just really quick SARS. So suspicious activities report, is that basically incumbent on sort of the bank teller or bank employee to be like, Hey, there's something fishy about this transaction and I'm going to report it up. Is that right? Exactly. Exactly. Okay. Um, and, um, you know, so interesting stat on, on suspicious activity reports, um, somewhere North of 2 million SARS get filed with Vincent every year. Um, uh, you know, again, curious for your, for your insider take on this mic, but, uh, you know, testimony, uh, presented to Congress is that FinCEN reviews less than 1 % of the SARS that are actually filed. Um, and, you know, and, and there are, you know, way more CTRs filed than SARS filed. So, you know, most of this information goes into, uh, you know, basically just a government database and sits there waiting to be queried. Um, and, uh, you know, but so, uh, these things keep getting added on to the BSA, right? So it, it grows over time and there was a huge expansion in scope. BSA bank secrecy act. And so there was a big expansion in scope, um, as part of the Patriot act, uh, after nine 11, uh, that added a lot of new types of information that had to be gathered and reported and, uh, new intermediary types that are responsible for gathering and reporting that information.
The Bitboy Crypto Podcast
A highlight from Ethereum Spot ETF: Bullish Or Nothingburger?
"Oh, welcome to the morning. Ow! My foot. Welcome to the morning stream, everybody. We're going to discover some crypto news today. It is September 7th. It's 11 .31 a .m. Eastern Standard Time. 8 .30 for the West Coast, folks. They're still waking up. They're still getting sleep out their eyes. Is it sleep or sleet? I remember I used to think it was sleet out your eyes. Sleet. What a weird name, right? I don't know. I never heard sleet out your eyes. Eye boogers? What do you call eye boogers? Eye boogers is what I usually say. Chat, let us know. Guys, make sure you're hitting that like today. We got some huge news with Van Eck talking about the ETH ETF, also Ripple Labs. We got Ripple Labs CTO revealing some secret XRP news, but we're going to try to guess because someone put out a list of like, hey, I bet you're going to do four or five of these things. He said, we're definitely doing two of them. So we're going to look at that list and maybe try to make some XRP predictions. It'll be pretty cool. We got the China ban, some Cardano news, and Reddit NFL stuff. Where are the NFL fans at? What's your team, Tim? I don't have an NFL team. I love the NFL. I grew up in Tampa, so you could maybe say the Bucks, but I don't really like the Bucks either. I don't know. I always have a team I choose. Right now, I really like more recent years what Detroit is doing. So I'm kind of a lion's fan. What is it? Barry Sanders? I was a Barry Sanders fan. Barry Sanders is a goat. I was but no, I love the coach at Detroit right now. If you guys like Detroit Lions, let him know in chat. Tim, do you know how much a pirate pays to get his ear pierced? I feel like that's an obvious answer that it's not coming to the tip of my brain right now. So go ahead and tell me the punchline. It's a buccaneer. Oh my God. There we go. That's good one. You hated it, didn't you? I'm sorry. All right, let's just get to the crypto news, folks. All right, CoinGecko, what is going on, everybody? We are down a little bit, but not too much. Let's hit that refresh. I lied. We're up, baby. We're moving up. We're up 0 .8%. It looks like market cap still largely coming in at 1 .08 trillion. 24 -hour volume is down slightly, $31 billion. Bitcoin dominance not really moved that much. Looks like it's actually down 0 .2 % and gas coming in at 27 Gwei. All right, let's look at the markets. We have Bitcoin up half of 1 % and Ethereum up only 0 .3%. Really not exciting news off that ETF, so the markets haven't reacted that strongly. BNB up 0 .4%, XRP up 0 .4%. Keep scrolling though, we don't really see too much stuff. I mean, just to get into the single digits, you got to get out of the top 10, go all the way down to Tron. Tron is up 1 .6. Very, very boring. So let's look at the exciting charts here. This is the biggest gainers and the biggest losers of the day. When you say biggest loser of the day, don't say DZ or don't say DZ's portfolio, although it might be, we're going to find out. The biggest gainer is Render. Render is up 6%. Stellar. Stellar was down and beaten down hard yesterday. I thought Stellar was down earlier today, so it's made a little turn out. Yeah, let's click on that chart. We'll see once we click on that seven -day, you can kind of see where we went from a negative into positive. Yeah, so you can see right there at one point, this is about 24 hours ago right around here. So yeah, at one point, yeah, it was just down and down heavy, but now since we kind of capitulated from that bottom, it's looking a little bit better. It is up, let's click on it one more time, was it 4 .2%, Iota up 4 .1%, Casper continuing to leave the station without DZ on board. Casper, please turn around, hit the brakes, do a U -turn, crash into a ditch, do something, let me pump up a bag, let me fill up a bag of Casper. We have Maker up 3 .4%, Algorand up 2 .6%, so I know AJ's excited about that one. Let's look at the biggest losers, though, the biggest losers of the day in the top 100 crypto market cap here. We have number one, not too much, folks, it's only down 1 .5%, that is nothing for crypto, especially with a gaming slash gambling token like RollBit, followed by Shiba Inu down 0 .7%. But then the graph, the graph is, you know, firmly under a dime, now coming in at $0 .08. I think, you know, it touched around a nickel, even a little bit lower at one point, let's just see, not even that long ago. Get out of here, yeah, yeah, yeah, cookies, something, yeah, whatever, I like them. All right, let's click the one year. Yeah, we got close to a nickel, I think it went below a nickel on some exchanges. But when you look at the 30 -day, it's looking down, but maybe find a little bit of support at this 8 .5%, so it looks like it touched it right there, touched it right there, and still kind of hanging out above it. Do you like the graph? No, I mean, I don't own any of it, so. How do you feel about the graph of the graph right here? I prefer charts to graphs for a trading view, but, you know, it's not worthless to see the charts or the graphs on, was that Core Market Cap or was that Gecko? Oh, this is Gecko. Yeah, they're not worthless, I just, it's easier to see a chart, so. Okay, okay, so you're more of a chart guy, not a graph guy, so you like Magellan, not, I don't know, I don't know my, I don't know where you're going with that one, yeah. I don't know, some sort of worldwide maritime chart person, I mean, Drew, Drew probably knows. Oh, God, they weren't escaping me. Can you look at the stars and know where you're going? Absolutely, that's what they did for thousands of years. It was like the North Star, that's about the extent of my knowledge. Listen, the fact that, do you just know that people were constantly going back and forth from Europe to different places in the United States in a time where all they had was the stars and they kept going at the same place over and over again, those stars worked pretty good. All right, all right, well, you know who's the star of 2021? Some say it was Ethereum. Ethereum, you know, blew up, had huge, huge gains, outsized relative to Bitcoin, but then when it fell, also fell outsized relative to Bitcoin. Well, it looks like ETH is trying to get another ETF on the board here. You know, first, got a lot of companies that started with Bitcoin, and now we have VanEck officially starting the in the coming days. The race for the spot ETF has officially begun after the Chicago board options exchange will ultimately start the clock for an SEC decision. Let's see, they filed these to be listed on CBOE's BZX exchange as the Chicago board options exchange and a pair of tweets. Looks like as opposed to the previously submitted filings, this finally means that the countdown is now in motion. The race is on saying, guys, this is a long, long deadline from now. We're not talking about next month. We're not talking about next week. Talking about March of next year. 3 -2 -3, 3 -2 -3 -2 -4. No, no, 5 -2 -3 -2 -4 there. Keep scrolling, keep scrolling. ARK Invest and 21Shares teamed up to file the S1 of the SEC on the 6th, although VanEck's filing dates back to July of 2021. They were trying to do this years and years ago, but now maybe the SEC might take it seriously. On the 17th, SEC reportedly singled its intention to Ethereum approve futures products while several firms including Grayscale and BlackRock are currently fighting to get the Spot Bitcoin. So we have ETH futures, Spot Bitcoin, and now we have Spot ETF in the process right now. Alright, so what is going to happen though? Some people are saying approval is inevitable. You know what's also inevitable? The fact that you're going to hit the like button in the next three seconds. Hurry, hurry, I'm starting to count down three. You only have two seconds to move the mouse, grab it one. You feel that? Oh my God, it's just a huge wave of relief and awesomeness just crashed over your body. Alright, let's talk about this approval though. Approval is inevitable. SEC Insider primes crypto market for a $15 trillion Bitcoin, Ethereum, and XRP price ETF game changer. These major cryptocurrencies could be headed into one of their biggest ever months. One crypto watcher has said it's going to be crazy. He said it's going to be like a movie, man. Last night was a movie. Now former SEC chair Jay Clayton has said eventual approval of a Spot ETF is inevitable following the SEC punting a decision on the ETF filings from the managers who looked after a combined $15 trillion until October. Looks like he's maybe looking at the fact that they punted the ball. They didn't go for it on fourth down. That's for you, football fan. Maybe because they didn't say no, and they said, I'm going to kick the can down the road. Instead of saying no, he's saying a yes is inevitable. But the signaling of the kicking of the can down the road. But it's not all roses. It's not all balloons and clown faces for Ethereum. There was a hack in this summer reporting. This is the largest fishing hack in history for Ethereum at least. It looks like this crypto whale lost $24 million in staked Ethereum to a fishing attack. Looks like they were transferred into the fully automatic exchange fixed float. Never heard of it. Here we have Joaquin, Joaquin dancing down the stairs. Cryptocurrency whale has fallen victim to a massive fishing attack, losing millions in staked Ether on the liquid staking provider Rocket Pool.
Bankless
A highlight from 186 - The Blockchain Trilemma - ETH Vs SOL Vs ATOM with Mike Ippolito
"I live in America. I think America is, I know if people hate when Americans say this, I think it's the best country in the world. I love it, but I don't wish that it was the only country in the world. I'm really glad that there are other countries out there. And I think if everything became America, America would stop being America and it would actually be much worse. So I think there's real genuine value in having multiple different ecosystems with multiple different viewpoints. Variety's the spice of life. Welcome to Bankless, where we explore the frontier of internet money and internet finance. This is how to get started, how to get better and how to front run the opportunity. This is Ryan Chaun Adams. I'm here with David Hoffman and we're here to help you become more bankless. The topic today, convergent evolution. Are Ethereum, Solana and Cosmos, are they all building toward the same thing? Our episode with Mike Ippolito of Blockworks explores that. This is a well -researched challenge to, I think the traditional bankless thesis of this future of Ethereum dominance and value accrual. What are David and I missing from these non -Ethereum ecosystems? That's what we talked to Mike about today. There's some pushback on today's episode, a little bit of debate. All of this is handled in an adult manner that we hope will further everyone's understanding, unlike the Twitter battles that we see so often. A few takeaways for you from today's episode. Number one, Mike starts with the scalability trilemma. Remember that? There are three sides of the triangle and according to Mike, there are also three ecosystems that matter. Ethereum, Cosmos and Solana. We talk about why Mike thinks they might be converging all into the same thing. Number two, we talk about the role of validators in these ecosystems and the different definitions for decentralization in each of them as well. Number three, we talk about Cosmos app chains versus Ethereum superchains. What are the trade -offs? Who's gonna win? Which entities are going to capture all of the MEV? And most fun of all, I think, was the back and forth between Mike and the bankless thesis to date. David, I've got a lot to discuss with you in the debrief. So many thoughts, we'll get to those. David, why was this episode significant to you? One of my frames of understanding of this industry is that every single chain wants to dominate. Every single chain wants to eat up all the other chains and not everyone has agreed with that take. The take that eventually in the fullness of time in order to survive in crypto, you have to be the biggest chain. Mike actually agrees with that take and he's been exploring all three different rabbit holes, the Solana, the Cosmos, and the Ethereum rabbit hole. And he's come up with this understanding of the paths that each one of these ecosystems is trying to take to complete the blockchain trilemma that you said. Each one has its injection point in the trilemma and each ecosystem wants to complete the trilemma because each chain wants to dominate. And so I think understanding the Cosmos strategy, the Solana strategy, how it compares to what people are probably very familiar with on the Bankless podcast, the Ethereum strategy, and weighing the merits and cons of each I think will give us all a very deep understanding as to what is the current frontier of cryptoeconomic research. And so that's why I would say this episode is so significant is that it takes cryptoeconomics to its furthest depths in three different flavors and then brings them all back and compares and contrasts all of them. Can't wait to discuss this all with you in the debrief, David. That is available for Bankless citizens right now on the Bankless premium feed. So go check that out, a lot to discuss. But first we disclose nothing specific in today's episode. We're long ETH, we're long layer twos, but you already know that. We're long -term investors in general. We're not journalists, we don't do paid content. There's always a link to all Bankless disclosures in the show notes at bankless .com slash disclosures. All right, we're gonna get right to the episode with Mike. But before we do, we wanna thank the sponsors that made it possible, including our number one recommended exchange, Kraken. Go check him out. Kraken Pro has easily become the best crypto trading platform in the industry. The place I use to check the charts and the crypto prices, even when I'm not looking to place a trade. On Kraken Pro, you'll have access to advanced charting tools, real -time market data and lightning fast trade execution, all inside their spiffy new modular interface. Kraken's new customizable modular layout lets you tailor your trading experience to suit your needs. Pick and choose your favorite modules and place them anywhere you want in your screen. With Kraken Pro, you have that power. Whether you are a seasoned pro or just starting out, join thousands of traders who trust Kraken Pro for their crypto trading needs. Visit pro .kraken .com to get started today. Arbitrum is accelerating the Web3 landscape with a suite of secure Ethereum scaling solutions. Hundreds of projects have already deployed on Arbitrum One with flourishing DeFi and NFT ecosystems. Arbitrum Nova is quickly becoming a Web3 gaming hub and social dapps like Reddit are also calling Arbitrum home. And now, Arbitrum Orbit allows you to use Arbitrum's secure scaling technology to build your own layer three, giving you access to interoperable customizable permissions with dedicated throughput. Whether you are a developer, enterprise, or user, Arbitrum Orbit lets you take your project to new heights. All of these technologies leverage the security and decentralization of Ethereum and provide a builder experience that's intuitive, familiar, and fully EVM compatible. Faster transaction speeds and significantly lower gas fees. So visit arbitrum .io where you can join the community, dive into the developer docs, bridge your assets, and start building your first app with Arbitrum. Experience Web3 development the way it was always meant to be. Secure, fast, cheap, and friction -free. Mantle, formerly known as BitDAO, is the first DAO -led Web3 ecosystem, all built on top of Mantle's first core product, the Mantle network, a brand new, high -performance Ethereum layer two built using the OP stack but uses Eigenlayers data availability solution instead of the expensive Ethereum layer one. Not only does this reduce Mantle network's gas fees by 80%, but it also reduces gas fee volatility, providing a more stable foundation for Mantle's applications. The Mantle treasury is one of the biggest DAO -owned treasuries, which is seeding an ecosystem of projects from all around the Web3 space for Mantle. Mantle already has sub -communities from around Web3 onboarded, like game seven for Web3 gaming and Bybit for TVL and liquidity and on -ramps. So if you want to build on the Mantle network, Mantle is offering a grants program that provides milestone -based funding to promising projects that help expand, secure, and decentralize Mantle. If you want to get started working with the first DAO -led layer two ecosystem, check out Mantle at mantle .xyz and follow them on Twitter at 0xmantle. Bankless Nation, I would love to introduce you to Mike Ippolito, the co -founder of BlockWorks, a crypto -native media organization that we find very agreeable. Bankless and BlockWorks share a similar corner of crypto in which we are trying to reconstruct what trust media and news is like in this industry. Crypto is, of course, going to rebuild many new institutions and social structures, media being one of them, and we share that in common with Mike and BlockWorks here. But in addition to building BlockWorks, Mike is also the host of the Bell Curve podcast, where he explores very deep corners of the crypto rabbit hole and now I've been watching Mike explore some of these corners by our shared conferences that we go to and the podcasts that he produces. And so now that Mike has had a lot of time to let his ideas bake, we want to see what Mike has synthesized from his journeys across the crypto landscape. Three Frontiers, we're gonna focus on here on the Bankless show with Mike here today. The role of validators for their respective ecosystems, which is just another way to articulate what's Solana, what's Ethereum, and what's Cosmos, but specifically through the lens of how these individual ecosystems think about the role and service that their layer one validators provide to the ecosystem. That'll be the first rabbit hole. Second, role apps versus app chains, which is just basically layer twos versus Cosmos. What is the tension between these two domains? And then also, lastly, third, MEV value capture across this stack, specifically across the roll -up stack, where you have the roll -up SDKs, like the Optimism Super Chain, Arbitrum Orbits, Hyper Chains. Then we got roll -ups as a service provider, and we got bridges. Where is all this MEV and ultimately all the value capture going to land in this ecosystem? Mike, welcome to Bankless. How was that introduction? Is that aligned with what you want to get done here? That was excellent, David. I think agreeable is the nicest adjective you've ever given me, so thank you for saving that until I came on the podcast.
Bankless
A highlight from Scaling Ethereum To The Next Level with zkEVM
"Hey, Bankless Nation. I'm very excited about the episode today. David is out, and this episode gets technical at times, so I have ETH researcher, Justin Drake, whom I'm sure many of you know. He's co -hosting with me today. Some context as we get into this episode. So we did a previous episode a few weeks ago called The Sci -Fi Roadmap to Ethereum, and in that episode, Justin Drake described the end game for Ethereum, and he said this, we snarkify everything. In today's episode, we explore exactly what that means and how we do it. How do we snarkify everything? Our guest today is Brian Redford. He is the co -founder of what might be the world's first Type 1 ZK EVM, and if you don't know what that means, that's fine. Neither did I, as we're getting into this episode, and it turns out that building a Type 1 ZK EVM is an important part of delivering what Justin Drake called an enshrined roll -up inside of Ethereum. More on that in just a minute, but before we get in, just wanna mention something quick from our friends and sponsors over at Safe. Safe is the multisig wallet we recommend for crypto, and you've heard us talk about smart contract wallets many times, how they're gonna 10x the crypto wallet experience. We definitely believe that's true, and Safe recently proposed their modular open -source safe core protocol as a standard for the industry so that we can all move forward and transition to the smart contract wallet future, and they want you to check it out, so there's a link for the devs in the show notes. Safe really believes this is an opportunity to create a unified standard to smart catapult contract accounts onto the EVM. The standard itself is unopinionated and vendor agnostic and maintains interoperability and smart contract diversity, so go check it out. And also to check out, Safe is organizing the first ever conference dedicated to smart contract wallets and account abstraction. That happens the second week of December. There'll be a link in the show notes to go register for that as well. So thanks to Safe for building into the frontier. All right, speaking of the frontier, back to Ethereum enshrined rollups. So why are we having this conversation, and why now? The compute era is scaled with Moore's Law, but the blockchain era scales with something differently. It scales with cryptography, specifically cryptographic breakthroughs like zk -SNARKs, and all of this zk -SNARK stuff, the SNARKifying of the EVM, it's all happening a lot faster than any of us previously thought. It's happening so fast that a project called RISC0 just came on our radar last week, and they've already produced a working version of the world's first zk -SNARKified type one EVM. What kinds of things could this unlock in the future? Why is this important? Well, what if we could convert an optimistic rollup to a zk rollup? What if we could upgrade Ethereum's layer one from a single threaded EVM model to a multi -threaded EVMs, so that compute was virtually limitless and free? What if ETH validators themselves had the ability to run from something as small as a smartwatch? All of these are possible unlocks with this technology. This is crazy cool, deep stuff. Down the crypto rabbit hole we go, and it gets technical at times, but it's absolutely worth holding on for the ride. This is crazy cool stuff, and we're going deep down the rabbit hole today, and this gets technical at times, but I think it's absolutely worth it to hold on for the ride, because this is key to understanding how blockchains actually work and how they scale. And in so understanding, I think this type of thing can help you avoid bad investments and dead ends, and there are a lot of those out in the space as well. We're gonna get right to the episode with Brian and Justin, but before we do, I wanna thank the sponsors that made this possible, including our number one recommended crypto exchange for 2023, Kraken, go check them out. Kraken Pro has easily become the best crypto trading platform in the industry, the place I use to check the charts and the crypto prices, even when I'm not looking to place a trade. On Kraken Pro, you'll have access to advanced charting tools, real -time market data, and lightning fast trade execution, all inside their spiffy new modular interface. Kraken's new customizable modular layout lets you tailor your trading experience to suit your needs. Pick and choose your favorite modules and place them anywhere you want in your screen. With Kraken Pro, you have that power. Whether you are a seasoned pro or just starting out, join thousands of traders who trust Kraken Pro for their crypto trading needs. Visit pro .kraken .com to get started today. Mantle, formerly known as BitDAO, is the first DAO -led web3 ecosystem, all built on top of Mantle's first core product, the Mantle network, a brand new, high -performance Ethereum layer 2, built using the OP stack, but uses Eigenlayer's data availability solution instead of the expensive Ethereum layer 1. Not only does this reduce Mantle network's gas fees by 80%, but it also reduces gas fee volatility, providing a more stable foundation for Mantle's applications. The Mantle treasury is one of the biggest DAO -owned treasuries, which is seeding an ecosystem of projects from all around the web3 space for Mantle. Mantle already has sub -communities from around web3 onboarded, like Game7 for web3 gaming, and Bybit for TVL and liquidity and on -ramps. So if you want to build on the Mantle network, Mantle is offering a grants program that provides milestone -based funding to promising projects that help expand, secure, and decentralize Mantle. If you want to get started working with the first DAO -led layer 2 ecosystem, check out Mantle at mantle .xyz and follow them on Twitter, at 0xmantle. Arbitrum is accelerating the web3 landscape with a suite of secure Ethereum scaling solutions. Hundreds of projects have already deployed on Arbitrum 1, with flourishing DeFi and NFT ecosystems. Arbitrum Nova is quickly becoming a web3 gaming hub and social dapps like Reddit are also calling Arbitrum home. And now, Arbitrum Orbit allows you to use Arbitrum's secure scaling technology to build your own layer 3, giving you access to interoperable, customizable permissions with dedicated throughput. Whether you are a developer, enterprise, or user, Arbitrum Orbit lets you take your project to new heights. All of these technologies leverage the security and decentralization of Ethereum and provide a builder experience that's intuitive, familiar, and fully EVM compatible. Faster transaction speeds and significantly lower gas needs. So visit arbitrum .io, where you can join the community, dive into the developer docs, bridge your assets, and start building your first app with Arbitrum. Experience web3 development the way it was always meant to be. Secure, fast, cheap, and friction -free. Bankless Nation, I am super excited to introduce you to Brian Redford. He's the co -founder of a ZK EVM project that we're gonna find out a bit more about on today's episode called Risk Zero. Brian, welcome to Bankless. Thanks, glad to be here. Also excited to be joined yet again on Bankless by Justin Drake, he's an Ethereum researcher and repeat Bankless guest. Justin, how you doing? I'm doing great, thanks for having me again. But I guess this time, maybe as a host asking some technical questions. Yeah, how's it feel? The tables have turned. So Justin, I'm gonna tap you in as my co -host today. So David is out and we're gonna talk about the next generation ZK EVMs. So I think we're talking to Brian about the world's first maybe ZK EVM. That's a type one ZK EVM. And I'm not even sure the words that I'm saying or what they mean. So we'll absolutely need to define that. But David's out right now. So Justin, you're gonna tap in and help me with this. I feel like this is a continuation though of a conversation that you had with him on ETHCC. And I think Bankless listeners may have listened to an episode entitled Ethereum's sci -fi roadmap or the sci -fi roadmap to Ethereum in which there was this really interesting part. And I love that episode, by the way, where you were describing the ability of us in the future of Ethereum to snarkify the EVM on kind of main net, on the base layer. And that sounded really interesting to me. And I think that ties into the conversation that we're about to have. So tee this up for us, if you will, Justin, as a continuation on that conversation. I know we're talking about sci -fi Ethereum future stuff, but what does it mean to snarkify the EVM? And how does that tie into the conversation we're about to have with Brian today? Right, so big picture, we're actually going to snarkify all of Ethereum. And there's two big components that need to be snarkified. One is the EVM, which is this virtual machine which processes Ethereum transactions. And then the other part is the beacon chain. Now, once we've snarkified these two things, we'll be in a position where compute won't ever be a bottleneck for Ethereum. So it means that, for example, as a validator, you won't have to really have beefy CPUs. So you'll be able to be a validator on your smartwatch. If you're building bridges between L1s, you'll be able to have another L1, verify the state of Ethereum without having to redo all the computations themselves. It also has implications for light clients, for what we call enshrine roll -ups, which are super high security roll -ups.
The Bitboy Crypto Podcast
A highlight from Cardano Will Be The MOST IMPORTANT Altcoin Next Bull Market!
"I do think there's going to be a period where cash is eliminated. In this future utopia, we have flying cars, and there's jet packs, and everything's on a screen. We're not pulling out wadded paper, dropping it on the counter. Everything's going to be digital. Charles Hoxton believes Cardano will become the biggest crypto in the world, serving as a backbone of a new digital nation. I think I caught this speak. Yeah, this was the keynote address. I was in the crowd, folks. I was in the crowd. I was cheering. I was hollering. I was hooping, and then I got dragged out in a headlock. All right, people are scared of decentralized governance because they view it as something that takes away, but I never believe that. I think if you give people the chance to rise up and show who they are, what they can do, they will do amazing things. So that's our challenge, and that is why Cardano, I feel, is probably going to become the biggest cryptocurrency in the world, says Charles Hoskinson. Now, that is a bold statement. Bigger than ETH, bigger than Bitcoin, Nick. I mean, it's not a 0 % chance. What would you put it at, though? Would you put it in single digits? I mean, I would say it's tough to be bigger than Bitcoin. It's already good. It's going to be real tough to be bigger than Ethereum, but if I were to choose on any coin to do it, sorry, XRP. I am choosing Cardano to be that coin. 100 % agree. In my opinion, Bitcoin and Cardano are the only true crypto projects that have stayed to the cypherpunk ethos. I think by value, Cardano won't be able to touch Bitcoin, but by users, for sure. I think there's going to be so many hundreds of millions of people onboarded in Africa, in the Middle East, in Southeast Asia, on Cardano with their NFTs, with their smart contracts, that it's going to blow everything else out of the water. I firmly believe that. All right. All right. And one more quote from Charles here. I think it's going to be more than cryptocurrency. I think it's going to become the backbone of a new digital nation, a new society, a place where we can finally begin to trust each other again, a place where we do all our voting, a place where our money lives, a place where our digital life lives in every dimension and aspect of it, because we deserve that. A decentralized version, not the WF plant version. Oh yeah. You know, here's, oh, you laughed at that joke from the TV too loud. We know what you're laughing at. We're going to deduct your points. You're laughing too loud. That guy felt that was supposed to be a funny moment. Well, he did. And I'm sorry. So yeah, that's, it's essentially, guys, this is a, this is a scary thing I've said before. I'm gonna say it again. I do think there's going to be a period where cash is eliminated and this future utopia, we have flying cars and there's jet packs and everything's on a screen. We're not pulling out wadded paper, dropping it on the counter. Everything's going to be digital. And so do we want the, there are no choices and look, yeah, we just got to pull out our US gov ID or do we want some decentralized options and how do we get decentralized options? We get it with adoption. We get it with building and we get it with just education here. And so I think we really, really press that message. We can make that future because you go to, you don't have to use a credit card. You can use Apple pay. Tim Apple built something big enough where it's going to be, you know, used in a lot of places. I think we could do something similar with Cardano. I say, we, you know, they, you know, shout out to the junkies, but Charles and the team and what they're building and all the wallet makers out there, they're, they're really going to be what can get us to that next level, to that decentralized level. And that is where we all want to be. We don't want to be under the government's control. We don't want to live in 15 minute cities, but that is what they want us to do. All right. Let's talk about the South Korean exchange here. Crypto exchanges are required to hold minimum reserves starting in September. This is pretty big. All right. So they're going to hold a minimum reserve of funds of 3 billion won. Someone in chat might know that is, oh, wait, here we go. It's $2 .26 million. Bury the lead there. The new reserve requirement reportedly protect users in case of unforeseen issues, such as hacking or system failures. We keep going here. Additionally, the financial services commission's financial intelligence unit, whoa, has reportedly prepared a draft for the rules. These regulations come in response to requests from cryptocurrencies and exchanges for clear out clear crypto framework in response said all the Island holders set up to MTG here. All right. And now one more story here, CNBC covering Solana, dropping Bitcoin cash and Litecoin. Now, just the last part of that, they dropped Bitcoin cash. They dropped Litecoin. How do you feel about that? I don't care. They'll bring it back. All right. Well, if they were going to drop that, who would you want to replace it? Cardano. Okay. Okay. All right. All right. Nick might like Cardano folks. I mean, yeah. I mean, it's the most relevant. It's making the most moves. It has the biggest footprint outside of those other things. I mean, I'm sorry, Litecoin. Sorry. People would like XRP. There's probably some people, you know, I'm surprised they went with Solana polygon, you know, what they're doing with Starbucks and Reddit and so many other big brands, you know, I wouldn't, I wouldn't be surprised to see Matic or ADA up there. I think, you know, it might've been a better choice than Solana. Nothing. I have some Solana none against that team, but anybody got a Solana phone? It was like six people a day. All right. CNBC, one of the world's largest cable news networks providing real -time financial markets coverage has dropped Bitcoin cash and Litecoin and replace them with Solana. Meanwhile, they'll continue to cover news related to Bitcoin and need two of the most, you know, most valuable crypto platforms. We go here subsequently, Bitcoin cash and Litecoin are no longer in the top 10 by market cap and have emerging smart contracts and transactional networks that have taken positions in recent years. Litecoin and Bitcoin cash have a market cap of around 4 .8 billion and 3 .7 billion and are among the top 20 still coming in at 16th and 18th. I did not know Litecoin fell all the way almost to 20 there. Let's see. Let's go here. There you go. This is going to miss a coin or two. All right. So we go. Yeah. Litecoin coming in at 16 and then Bitcoin cash now coming in at 19 battling, battling this 3 .7 to $3 .8 billion market cap there. So Bitcoin cash fell 2 .8. Now dropping to 19. Looks like they're going to be out of the top 20. I would say out of the top 20 by the next bull run, then retail will buy a lot because there's still a lot of apps that have Bitcoin cash. So you're going to have retail. They're going to hear about Bitcoin. They're going to download Robinhood. They're going to see Bitcoin's $50 ,000, and they're going to see something with the same name that is $500. Oh, I'm just, why would I buy the one that's $50 ,000? I'm gonna buy the one that's $500. That's where the opportunity is. We're going to have a lot of that. And so I would expect it to, you know, maybe it'll drop and then it'll surge back. I don't know when it will surge back though.
The Bitboy Crypto Podcast
A highlight from Is Polygon Underrated? (Matic Price Prediction)
"Welcome to BitBoy Crypto, my name is AJ and this is the Price Prediction Department. In crypto, there are two words you will hear a thousand times, mass adoption. That is the goal, that is the dream, that is the rocket fuel in a spaceship made out of hopium. And when mass adoption happens, that's when we go to the moon. So when I think about which altcoin out there has done the most to get crypto that mainstream attention, two more words come to mind. Polygon or Matic, whatever you want to call it, let's get it. In this video, we will be dissecting Polygon, which is Ethereum's number one layer two project that is setting out to revolutionize scalability and security. To start off, Matic has always been a coin that's been on everyone's radar. That's not just because of it being a great scaling solution, but that's because of the impact that it's had of putting crypto into the mainstream in a big way. It has literally paved the road on how to get a crypto project backed by legitimate companies. Because all it takes is to get one or two top upper echelon companies and once you lock that in, the floodgates will open because everyone else knows that you are safe to work with. Polygon has earned its great reputation with its partnerships and its product, and it shows. Regardless if the partnership is for an NFT marketplace or building Web3 applications, it's bullish because it's only going to leave to more exposure for crypto. And a lot of these big companies really like to partner with projects that are carbon neutral. And in my opinion, this is kind of an optics thing, but optics matter. So what kind of partnerships are we talking here? We're talking draft kings, Stripe, Reddit, Disney, Adidas, the NFL, Starbucks, Adobe, Meta, Nike, Coca -Cola, and JP Morgan's first DeFi transaction was on Matic. Just last week, Polygon partnered with SK Telecom to create a Web3 ecosystem. And for those of you that don't know, SK Telecom is a giant in Korean telecommunications. Also, the Reddit NFTs on Polygon have been a big hit, and they just hit 40 million in sales last week. In regards to this, one of Matic's founders, Sandeep Nabal, commented on this and he said, Polygon ecosystem's mainstream products are silently reaching magic inflection points of growth. Be it Reddit avatars, draft king NFTs, or Nike dot swoosh, many others lined up too. Soon, AAA gaming too. Slowly but surely, fam. Him hinting at the AAA games really gets me excited for the future, especially because we've seen how successful all the other partnerships have been. And really, it's only a matter of time until real crypto is integrated inside our favorite video games. There's already rumors circulating about crypto being integrated into GTA 6, and if I can get paid to drive down a busy sidewalk, I'm here for it. And as you can see, that list of partnerships I said a little while ago, those are some of the biggest names, the biggest brands on planet earth. So my question is, how far can that visibility take us? Before we get to the price prediction, I want to thank you for being a member of the BitSquad by liking, subscribing, and commenting on this post down below. And thank you to Stake for sponsoring this video. So Matic describes itself as the value layer of the internet. On their website, polygon .technology, it reads, the fundamental protocol that allows anyone to create and exchange value powered by zero knowledge technology. And that's exactly what they're doing. We all know how expensive Ethereum's gas fees are, and this is exactly why we have layer twos to scale this out and make it cheaper for the user. The layer two projects are so good at scaling that Ethereum is not rolling out sharding the way they originally intended. And that's because the layer two projects like Polygon have it covered. To be clear, there is more to Polygon that meets the eye and with Supernets and Polygon ID and Midan coming in the future, it is going to get wild. And if you're on the fence thinking about jumping in, buying into the Polygon ecosystem, I implore you to do hours of homework and research outside of just this video before making that decision. So it's worth noting that back in March, Polygon rolled out the ZK EVM or the zero knowledge scaling solution that is equivalent to the Ethereum virtual machine. To be clear, the Polygon proof of stake sidechain is compatible with the EVM. It runs parallel to the Ethereum mainnet and the gas fees are paid in Matic. But the ZK EVM is built on top of Ethereum. It utilizes zero knowledge to speed things up, and it still benefits from Ethereum security. But unlike the proof of stake, the ZK EVM, the gas fees are paid in Ethereum, not Matic. Shout out to Finn Miller from the Daily Coin who wrote this article here. This article really helped clear things up for me in regards to the difference between the Polygon scaling solutions, and you should definitely check it out if you have a spare moment. So when Ethereum's founder Vitalik Buterin carried out the first transaction on the ZK EVM, he said this. He said millions of constraints for man, unconstrained scalability for mankind. That is an excellent quote, and the ZK EVM is really breaking the mold on what's possible for a scaling solution, and they already have exceeded 400 ,000 unique wallets. To be fair, you know, they do have some serious competition with Optimism and Arbitrum, but I kind of feel like it will be a gradual run up as we inch closer to the bull run with the activity on the network. And with all that said, let's get down to the price prediction. Remember, the equation for On December 26, 2021, Matic put in its all -time high of $2 .90. Its market cap at the time was $19 .75 billion, with a supply just over $7 billion. Today, Matic is ranked 13th by market cap and is currently priced right around $0 .55. Unfortunately, Matic has lost over $14 billion from its market cap, and it currently sits at $5 .12 billion. On the contrary, Matic's circulating supply has grown over 2 billion coins and sits at $9 .31 billion. And as you can see, Matic's supply has gone up about 31 % since its previous all -time high. For context, if we took Matic's previous all -time high market cap, but put that with its current circulating supply, that once $2 .90 Matic would now only be a $2 .12 Matic. Tokenomics matter. Unlike other coins that have terrible emission schedules and terrible tokenomics, Matic is already 93 % vested since its max supply is 10 billion coins. This is very good news. Originally, Matic was supposed to finish its emission schedule and be fully vested by mid -2025, but now the remainder of its emission schedule is changing since the release of the Polygon 2 .0 The new whitepaper is a very interesting read. It only took me like 30 -40 minutes to read the whole thing. And if you want to read it, we will link it below in the description. I highly suggest that you check it out. It is sort of unclear exactly when Matic will migrate to POL. I read that they're giving people four years to kind of get ready for this thing, but it could happen earlier than that. So with the release of the Polygon 2 .0 whitepaper, that does change the how the last 7 % of coins will come in really won't make that much of a difference. And since things aren't as cut and dry now as they used to be, I'm going to estimate that Matic supply will be around 9 .5 billion by the top of November 2025. And for the record, I'm saying November 2025 as the projected top for the top of the next bull run since it is a year and a half after the Bitcoin halving. And that has been the case the last three times. So now that we have the supply, what about the market cap? A lot of people have really liked that I've been using dominance as a gauge to see what is possible. If you look at this chart here on your screen, you will see that the 0 .87 % level has been a very important support resistance line on the Matic dominance chart. So the idea with the dominance chart based off previous videos is the idea that the total crypto market cap could get between 7 to 10 trillion by next bull run. So if Matic gets to this 0 .87 level by the top of the next bull run and the total market cap is 7 to 10 trillion, what would that make its market cap? So if Matic got back to that important support resistance level at 0 .87 % and the total crypto market cap went to $7 trillion, Matic's market cap would be 60 .9 making its price with the heightened supply $6 .41. Using the same equation, if the total market cap for crypto went to $10 trillion, if Matic got back to that same dominance level, its market cap would be $87 billion. And with the heightened supply that we estimated earlier, Matic's price would be $9 .16. Some of you might know that the price prediction department was actually a segment on the BitBoy Crypto livestream before it became an every Sunday show. Some of you might know that I covered Matic on the livestream about three months ago. And at the time, my price prediction for Matic was $7 to $8. So for Matic, I'm saying $7 to $8. Is that too high or too low? And at the time, I was not using dominance as a gauge like I am now. And reflecting on the price range I got by using the dominance, it actually opens up my range from $7 to $8 to $6 .40 to $9 .20. And I really think $6 .40 to $9 .20 is a larger range since it covers more of a gap in market cap, a gap in price. And honestly, I feel like this time, the dominance gauge is going to be my price prediction. Sometimes I just use it as a gauge and don't make it my price prediction. In those cases, my prediction is normally lower than the gauge. But in this case, I'm going to hang my hat on the dominance prediction. And my Matic price prediction for the top of the next bull run is $6 .40 to $9 .20. Boom, there you go. There is my Matic price prediction. I hope everyone out there got a lot out of this video. And what did you think of my prediction? Was I too bearish? Was I too bullish? Let me know below in the comments. For the next couple of weeks, I do have a couple coins planned that I want to do. But if there is a specific coin that I have not covered yet, also let me know down below. One last thing, there is now an official playlist for the price prediction department that has all the videos I've made for the past couple of months all in one spot. Be sure to check that out if you haven't seen them all. And with that being said, my name is AJ writes crypto and I hope you have a great rest of your weekend. Later. You've been dreaming about the dress. Come find the one at David's bridal. The most glamorous designer wedding gowns are now 15 % off bridesmaid dresses that fit beautifully start around $99. Whether you need a veil, jewelry, shoes, or even lingerie and shapewear. It's all at David's bridal. Take 20 % off outfit making accessories for a limited time. Stop by your local David's bridal store or shop David's bridal .com today, terms and conditions apply. The best time to get a great deal on a Jeep SUV is now during the summer of Jeep event, visit jeep .com or your local Jeep brand dealer to find the perfect Jeep SUV for you. Now get 15 % below NSRP for an average of 6 ,300 under NSRP on the purchase of a 2023 Jeep Cherokee altitude Lux. Not compatible with lease offers or with any other consumer incentive offers 6 ,300 average based on 50 % below average NSRP from all 2023 Cherokee altitude Lux models and viewers stock residency restrictions apply. Take retail delivery by nine five Jeep is a registered trademark. Have you heard of Instacart business? It helps keep my restaurant on track with fresh ingredients, supplies, and even last minute items delivered in as fast as one hour. And with access to over 1200 retail brands, we're able to handle any lunch rush. Get delivery that moves as fast as you do sign up for Instacart business. 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Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1381: Bitcoin Will Touch $100 Million By This Date - Fidelity
"In today's episode, I'll be breaking down the latest technical analysis, as well as breaking news. This just in, BRICs to officially abandon the US dollar for trade settlements, quitting Max Kaiser. This is what happens. The BRICs following up on Russia's big win in the Ukraine will launch a gold -backed currency. The reaction from NATO countries will be fatally panic print fiat money. Also in today's show, analysts issues a dire warning for Bitcoin and says Bitcoin price can plunge below the 2022 lows. I'll be breaking down these targets. As well as Glassnode founders predict Bitcoin will soar to new highs sooner than expected. And I'll be giving you a hint, it's a six -figure target. Send it and let's go. As well as ex -Goldman Sachs executive Raoul Pal predicts crypto hits $10 trillion valuation after family offices and institutions arrive. We'll also be discussing breaking news the Bitcoin halving can take the Bitcoin price action to $148 ,000 per coin by July 2025. According Petterra to Capital, we'll also be discussing our main story of the day and that's Fidelity, one of the largest asset managers in the world. They're predicting the Bitcoin price to touch $100 million. I'll be sharing their date as well as their latest analysis. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again that's cryptonewsalerts .net. Welcome everyone. Just tuning in. This is pod episode number 1381. I'm your host JV and today is August 24th, 2023. Checking out our market watch, which you can see here on the screen. Unfortunately, we didn't hit 27 ,000 though. We got quite close yesterday. Today we corrected back in the red with Bitcoin barely holding on to 26 ,000 as support down two and a half percent for the day. We also have Ether down two and a half percent trading at roughly $1 ,650 and checking out coinmarketcap .com, the current crypto market cap sit just above that trillion dollar milestone with roughly 30 billion in volume in the past 24 hours with a Bitcoin dominance at 48 .3 % and the Ether dominance at 18 .9%. And checking out the top 100 crypto gainers in the past 24 hours, we have Bone leading the pack, no pun intended, up 12 and a half percent trading at $1 .43, followed by Render up two and a half percent trading at $1 .46, followed by Immutable up just 1 % trading at 58 cents as virtually all the major alts are currently correcting and in the red as we can see here on Crypto Bubbles. And checking out the Crypto Greed in Fear Index, one of my favorite indicators, shows we're currently rated a 41 in fear. Yesterday was a 37, last week a 50 and last month a 50 in neutral. So there you have it. Welcome to everyone just joining us for our live stream today. I appreciate all the live support as we receive here each and every day. Without further ado, let's now break down our Bitcoin technical analysis and check out the charts and what's popping with the King Crypto in the markets after last week's massacre that brought Bitcoin from about that $29 ,000 level to $25 ,300, which is a new two month low within a single day. The asset started to show enhanced signs of stagnation. Now the next several days, including the typically less volatile weekend, were quite boring with the Bitcoin price standing at around $26 ,000, which is precisely where we're at at the time of this recording. Now the only more notable move came yesterday when Bitcoin fell by over $500 ,000, but recovered those losses almost immediately. And as such, it had calmed at around $26 ,000 before the bulls stepped in on the gas pedal and pushed it north $800, which resulted in a six day high, which sits at $26 ,800. So as of right now, Bitcoin has lost some steam, but it's still practically broke even for the day. We're down 2 .5 % at this time. And also we can see the altcoins obviously getting wrecked as well. So the altcoins suffered just as badly and even worse than Bitcoin plummeting last week, and they failed to produce any substantial gains for the following days. And I'm actually curious, which altcoins are you currently bullish on, if any? Let me know your honest thoughts in the comments right down below. And now let's actually check out this tweet from Watcher Guru, who points out just then the BRICS to officially abandon the US dollar for trade settlements. And Max Keiser wrote, this is what happens. The BRICS following up on Russia's big win in the Ukraine will launch a goldback currency. The reaction from NATO countries will be fatally panic print fiat money as that money printer continue to go. He also said that this is announcement number one, abandon the US dollar. Next they'll announce a common gold backed currency. And he quoting himself here from Najee Bokele, Nax is always right. So preach and shout out to Max Keiser and Stacey Herbert of the Kaiser report. Now how many of you have been following BRICS? We have been covering this story here on the show. Now, many nations all united together for the de -dollarization of the US dollar and introducing a new currency, which is allegedly going to be gold back. So it'll be interesting to see how all this plays out. All I know is this only keep in fiat what you're willing to lose. Take that to the bank, pun intended. Now let's break down our next story of the day and discuss new lows, which could be incoming as per crypto analysts. I'm going to be sharing some of these targets and then we'll get into some of our bullish price predictions. So I like to cover the lows as well as the highs. Here we go. Bennett tells his 111 ,000 followers on X that Bitcoin can plunge by nearly 50 % from the current price. Holy moly. Wouldn't that take us like, what, south of 13 ,000? Using a chart showing Bitcoin had fallen out of the ascending channel that it has been stuck in for about a decade, Bennett says Bitcoin could plunge to slightly below that support level of $14 ,000, acting as a strong resistance zone between 2018 and 2020. Now, I'd like to point out, as you all should know, the current low for this cycle is 15 ,700 we hit in the fourth quarter of last year. So this analyst is ultimately saying we could potentially expect a new low of $14 ,000. Let me know if you agree or disagree with the analyst, quoting him here. I posted this Bitcoin chart showing macro resistance at 29 ,000 to 33 ,000 back in March. 31 ,800 was the recent swing high. That's right. It's the annual high for this year's 31 ,800. And he goes on to share, guess what comes next? Well, according to Bennett, a Bitcoin plunge could be set off by the S &P 500 falling by double digit figures, quoting him here. What could trigger it? The SPX doing this, correcting by over a quarter of its value. It'll be interesting to see if August finishes as a bearish engulfing month. Now earlier in the month, it's also worth noting, Bennett predicted that the S &P 500 stock index would plummet if it failed to go above 4610 points reached in July. Now the 4610 level is SPX lowest relative high to the 4820 points recorded back in January of last year. Quoting the analyst again, a 27 % dump from the SPX is more than possible if this confirms as a lower high. We have already seen significant breakdowns from other indices and big names like Apple. So don't rule it out. Imagine the carnage in the crypto market if this materializes. So there you have it. Let me know if you agree or disagree with the analyst. I like to keep all scenarios open for a possibility or probability. I think it is less probable to happen than to happen. But even if there is a 10 or 15 or 20 % chance of that playing out, you should be prepared. Now with Bitcoin, it's great because when the market drops, you seize the moment. Keep stacking them stats, BTFD, DCA, dollar cost average. And when the price goes up, you just count your blessings and you're grateful that you were stacking stats during the bear market. So either way, whatever comes ahead, we're going to capitalize and continue winning because that's what we do here on Crypto News Alerts. Now let's discuss this $144 ,000 price prediction by Glassnode founder in 2024, which is right around the corner. We also have the Bitcoin halving right around the corner. So let's break this down, shall we? The co -founders of the crypto analytics firm Glassnode think Bitcoin can soar towards a new all -time high faster than many analysts and traders expect full send it. Let's go. Glassnode co -founders who share the Nijentropic Trop, whatever you pronounce that word, handle on X, predict that the US dollar index will peak at 106. The US dollar index is a measure of the value of the US dollar against a basket of six major currencies valued at 103 at this time, according to MarketWatch. Now the founders of Glassnode predict that the US dollar index hitting its peak will set the stage for the prime Bitcoin environment. Send it. A peaking US dollar index suggests that investors are starting to make their capital work and risk assets such as cryptocurrency, quoting them here. Up next, Bitcoin aiming for $37 ,000 before soaring higher in the autumn as outlined right here in this chart. I sure do hope they're right. Now the Glassnode co -founders also share a chart that projects Bitcoin will surge more than $144 ,000 per coin by early 2024. As outlined right here in this chart, you can see that top peak is hitting $144 ,000. Wouldn't you love to see that? They also go on to share that oversold indicators hint at potential short -term gains. However, keep an eye out for the risk signal plateauing at 100, suggesting a consolidation phase until the demand dynamic shift, which is outlined again here in this chart. Now with Bitcoin currently trading at 26 thou, the top ranked crypto asset is roughly 62 % down from its all -time high of more than 69 ,000, which it achieved back in November of 2021. That's right. So great time to be stacking stats at a 60 % discount, I'd say. Wouldn't you agree? Let me know. And how many of you have been doing just that and buying the dips? Holla at your boy in the live chat. Like I said, at the end of the show, we'll be reading everyone's comments out loud. Now let's talk about the latest from the ex Goldman Sachs executive, the one and only Raoul Pal. He's predicting a $10 trillion market cap. As you know, the current crypto market cap sits just above $1 trillion. So he's ultimately saying the entire crypto market is to 10x. Then we'll break down Pantera Capital's latest $148 ,000 price prediction and followed by Fidelity, one of the largest asset managers in the world, predicting the Bitcoin price to hit $100 million per coin. Then we'll dive into our live Q &A. Former Goldman Sachs exec Raoul Pal predicts that the total market cap for cryptos will soon soar to $10 trillion as institutions pour into the digital asset space. In a new interview with Binance's sales manager, the macro expert says financial institutions are likely to follow family offices, which typically take on higher than average risks into crypto investing. Quitting the analysts here, I think in this next phase, the next bull market or the next business cycle, we'll see a mass onboarding of institutions. I have seen this space before. Usually it's the family offices that are first to take the risk. And we have all seen that in this space. Many family offices were the first to invest because they are freer to do what they wanted with their own capital. As I have said, most of the institutions have done work, including the investment banks. And so now they just need price confirmation and then they'll be in. So I think we'll see a lot of that. Paul believes that institutional investment in crypto will be large enough to drive the total market cap of digital assets to more than $10 trillion. More than triple its $3 trillion market cap peak, which was hit back in 2021. Quitting him again here, the asset class at peak was $3 trillion in 2021, the same year we hit the all time high of $69 ,000, just FYI. It's almost impossible for the retail investors to continue this pace of adoption. It needs institutional capital as well, which drives out the ongoing adoption curve. So my view is still by the end of this cycle, this space is probably $10 trillion plus. And that happens because of the institutions coming into the space, offering more products to their clients. And he continues. So institutions coming into the space tends to mean that BlackRock, the world's largest asset manager, offers a product to their network of advisors. So it allows more money to come into the space via different mechanisms. An example, aggregated mechanisms of funds as opposed to individual accounts being open on Binance, for example. So there you have it. Let me know if you agree or disagree with the macro guru that were likely to see a $10 trillion crypto market cap, more than 3X the peak that we reached in 2021. Let me know in the comments below. And to watch this video he did entitled Binance VIP Voices, episode one with Raoul Pal from Real Vision. Check the show notes below the video in the description. And now for our next story of the day. And that's Pantera Capital predicting the Bitcoin price to soar above $140 ,000 in the coming times ahead. Let's break down this outlook and then we'll cover the latest from Fidelity. And their $100 million Bitcoin price prediction. Here we go. And if you'd love to see a $150 ,000 Bitcoin price for the cycle peak, let me know. In its latest blockchain letter released on August 22nd, executives at the crypto asset manager doubled down on their Bitcoin bullish price forecast for 2024 and beyond. Now the Bitcoin price performance depends heavily on its halving cycles. Pantera Capital argues with the next due within the coming 12 months. In fact, the next halving is scheduled to be in April of 2024, less than nine months. Take that. The firm is betting that historical trends shall continue. Bitcoin, it notes, tends to put in a cycle bottom and top roughly equal lengths of time from each block subsidy halving. Facts, which cuts the number of Bitcoin paid to miners per block by 50%, quoting the firm here. Bitcoin has historically bottomed 477 days prior to the halving climb leading into it and then exploded to the upside. Afterward, the post halving rallies have averaged 480 days from the halving to the peak of that next bull cycle. That same theory suggests that the 2022 bear market bottom marked the current Bitcoin price cycle bottom, quoting them here. If history were to repeat itself, the price of Bitcoin should have trough December 30th, 2022. And looking forward by the halving date in April of 2024, Bitcoin could be trading at around 35 ,000, something that is still on track to accomplish. I'd say that's quite conservative considering that's just a few more thousand from where we're currently at. However, what happens in the 480 days afterward involves not only a new all time high, but so much more. Quitting Pantera here, the 2016 halving decreased the supply of new Bitcoins, only one third as much as the first. But interestingly, it had exactly one third the price impact. The 2020 halving reduced the supply of new Bitcoins by 43 % relative to the previous halving. It had a 23 % as a big impact on price, Pantera stated. The next halving is expected to occur April 20th, 2024, roughly, what is that, eight months out. Since most Bitcoiners are now in circulation or Bitcoins, each halving will be almost exactly half as a big reduction in the new supply. If history were to repeat, the next halving would see Bitcoin rising to 35 ,000 per coin before the halving and 148 ,000 after the halving. Now, 480 days from the April 2024 halving makes Bitcoin scheduled to hit its next all time high by July of 2025. Let me know if you agree or disagree with Pantera. Now, Pantera is far from alone in predicting a six figure Bitcoin price high beyond next year. We also have optimistic forecasts, including those based on Bitcoin's so -called lowest price forward metric, which this month showed Bitcoin passing the $100 ,000 mark by 2026. And naturally, there are a lot of bullish metrics predicting six figures plus, including the stock, the flow. Others also believe that $100 ,000 is possible not before the next year's halving, but some analysts are saying we can hit $100 ,000 before the halving. So I'd love to know your thoughts. Let me know in the comments right down below. Welcome, everyone, just tuning in to the live show. Now let's break down our final breaking story of the day. And that's a $100 million price prediction per coin for Bitcoin as per Fidelity, one of the world's largest asset management companies. They control currently over $4 trillion in assets under management. The other year, they were maybe as high as $8 trillion. So you know, it fluctuates. But again, one of the largest asset managers in the world. Let's break this down, shall we? While several retail analysts have been given some crazy targets for Bitcoin, this time investment giant Fidelity has made some mind blowing predictions in its recently held very special webinar. Just FYI, this prediction was made back in September of 2021 on $100 million by the year 2035. And a few months later, he ultimately said, I think we're a little bearish. Let's raise it 10x to $1 billion per coin by the year 2038. So I'm going to be breaking both of these predictions down for you here in just a moment. Now Fidelity has been in the crypto space for a while. The financial giant has its own crypto subsidiary offering enterprise grade Bitcoin custodial services to institutions, drawing inferences through the stock to flow model by Plan B. Fidelity has put forward a $100 million price target for Bitcoin by the year 2035. And furthermore, it sees Bitcoin touching a $1 million price target in a decade's time. Bitcoin's exchange guide was the first to report about it. Shout out to the Bitcoin exchange guide. Now Jarian Timmer, director of Global Macro, was the host of the webinar, and he shared several charts helping the audience understand Bitcoin. Now, is it even a realistic expectation for Bitcoin to touch that $100 million mark? Although we have 15 years of the time horizon to touch these targets, it seems unrealistic at this point, one of the crypto analysts on Reddit noted. And furthermore, Timmer also shared charts showing the Bitcoin adoption curve based on its active address count. He also showed an interesting comparison with internet users, broadband subscriptions, as well as mobile phone users. And interestingly, the webinar put some light on the purchasing power of different asset classes. Stocks were the clear winner, followed by bonds and cash. The purchasing power of the US dollar stood the least. The yellow metal, aka physical gold, isn't even doing better at $94, whereas the inflation index has skyrocketed to $65. And after staying under pressure for the past two days, Bitcoin ends on another attempt for $50 ,000. And again, this was going all the way back to 2021. So a few months later, Jarian Timmer, head of Global Macro at Fidelity, makes another very prediction interesting that the Bitcoin price is not going to $100 million no more. It's going to a billion dollars per coin by the year 2038. So let's talk about how realistic this could be. To support his forecast, Timmer employed a combination of models and charts with a particular focus of the stock to flow model and his own demand model. These analytical tools form the foundation for his primary prediction. And you could actually see in this chart brought to you by Fidelity, the above demand model employs Metcalfe's law. And according to this, the number of its users grows linearly, a network's value or by inference, the Bitcoin price grows geometrically. This means that the utility and the adoption of Bitcoin are expected to grow more rapidly compared to its network of users, exchanges, ATMs and participating retailers. Therefore, this model predicted the Bitcoin price to reach $1 million by 2030. And let's talk about that really quick, because we also have other major, major influencers in the space, including ARK Invest's Cathy Wood, also predicting a $1 million Bitcoin price. We have Michael Saylor, we have Max Kaiser, we have Plan B of the stock to flow model, and the list goes on and on. But anyways, back to this prediction. In contrast, Timmer stock to flow supply model noted the event of significant price surges during each halving event. Consequently, when considering this model in conjunction to other factors, it foresees a price range of $1 million to $10 million for Bitcoin by the year 2030, virtually the same prediction as the stock to flow model. Timmer's demand model is more inclined towards reflecting the bottom of the Bitcoin price. But on the other hand, the stock to flow model seems to provide a better approximation for the peak of the king coin. However, it's worth noting that the disparity between these two models widened significantly beyond the year 2030. The reason behind the gap is expected to be the changing value of the dollar. Can anyone say hyperinflation coming to the USD? Timmer proposes that the value of the dollar undergoes fluctuations over time when compared to other assets. For instance, if $1 was invested in stocks during the 18th century, its present day value would be about $4 billion. That's crazy, right? And similarly, Timmer implied that if $1 million is invested today, it can grow to $1 billion in a span of 20 years. So he's virtually saying, want to become a billionaire? Just invest $1 million into Bitcoin and HODL be thy name. This further revealed that the purchasing power of the dollar has significantly reduced due to the factors like inflation as well as depreciation. Thus Timmer's statement implied that keeping a fixed amount of dollars for many years may lead to a reduced purchasing power due to the assets changing value. And I think he makes a great point as Michael Saylor called it. It's like a melting ice cube keeping fiat currency in the bank. It just makes no sense whatsoever. Now check it, over the last few years, an increasing number of companies are taking over the $1 trillion market cap mark. As a result, it is foreseeable that in the next two decades, 20 years, the concept of a trillion dollar valuation will become more common so much that individuals themselves could be worth a trillion dollars or even more. The scale of numbers may even reach the quadrillion range. I already know for a fact people like Michael Saylor and CZ, the Binance CEO, will become trillionaires. Mark my words. And despite Bitcoin's historical growth, it has recently faced a significant setback. Bitcoin's network activity had diminished. Well again, this is tracing that back. Higher network activity likely increased transaction volume. Well something I have to point out, yesterday as I covered in the show, we just reached a new difficulty adjustment, the highest it's ever been. The hash rate continues to go up and as Max Keiser commonly says, the Bitcoin price follows the hash rate. So we'll likely see how the Bitcoin price will likely play out, you know, by the time of the next halving, which again is what, eight, nine months away in 2024. And then of course, by 2030, will the Bitcoin price be a million dollars or $10 million? Will the US dollar be hyperinflated by that time? And could this be a realistic scenario by the year 2038? One bit, oh shit, one Bitcoin, but we can literally hit an insane $1 billion price value for the king crypto. So, let me know your honest thoughts in the comments right down below. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode, HODL. Actually at the end of the day, in today's show, we'll be breaking down the latest technical analysis as well as breaking news, BRICs to officially abandon the US dollar for trade settlements, Max Keiser's response. This is what happens. The BRICs following up on Russia's big win in the Ukraine will launch a gold -backed currency. The reaction from NATO countries will be to fatally panic print fiat money. We'll also be discussing analysts issuing a dire warning for Bitcoin, says Bitcoin can plunge to new 2022 lows. I'll be sharing all of his targets as well as Glassnode founders predict Bitcoin to soar to new highs. And I'll give you a hint, it's in the six -figure range. We'll also be discussing ex -Goldman Sachs executive Raul Powell predicts the crypto market to hit a $10 trillion valuation after family offices and institutions arrive. We'll also be discussing breaking news the Bitcoin halving can take the Bitcoin price action to $148 ,000 by July of 2025, according to Pantera Capital. We'll also be discussing our breaking story of the day, Fidelity expects the Bitcoin price to soar to $100 million per coin by the year 2035. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show.
The Bitboy Crypto Podcast
A highlight from Polygon MATIC: Everything You Need To Know!
"You need a pretty extensive vocabulary to be a polygon holder. There's always new applications and updates that bring a whole new list of new names and terms to learn. Sometimes, names even change, like we saw with the name of the project itself. Polygon is here to stay though. And keeping up with what is happening in this ecosystem is how you really stay ahead of the game. Let's get it. Welcome to BitBoy Crypto! My name is Ben. In this video, we're going to give you an update on Polygon, which is a layer 2 network that was launched as a scaling solution for Ethereum way back in 2020. Back then, it was called the Matic Network. This is why the token that powers the blockchain is still called Matic. Well, maybe more like because Polymath has the ticker poly. The brother rebranded to Polygon in 2021, but kept the name Matic for the token's ticker. Things won't always be this way though. It was recently announced that now it will eventually be called POL, or P -O -L. Then that will become the primary token of the Polygon network. This will happen as part of an upgrade where holders have the ability to exchange their old Matic tokens into new POL tokens. But both assets are expected to have value and utility in the ecosystem after the upgrade. For now, Matic is still used to pay fees on the Polygon network, and staking Matic is also required for running validator nodes on the blockchain as well, which is very similar to the architecture that Ethereum has taken on since the merge. Polygon is also a proof of stake network that operates as a sidechain, which means that it is its own independent blockchain linked to the main Ethereum chain using a two -way bridge. Bridges are mechanisms for moving crypto assets between Ethereum and Polygon. There are a variety of different bridges to choose from. You can pick the official bridge, which takes a bit longer and is a bit safer, or you can use one of the many different third -party bridges for a faster experience. Polygon's blockchain is compatible with Ethereum applications because it is an Ethereum virtual machine or EVM blockchain. Polygon's EVM is called BORE. It's got a few tweaks on the original Ethereum code to maximize for high transaction speed and low costs. Even though Polygon is one of Ethereum's oldest and most successful layer 2 networks, it continues to be the underdog of the sector because many developers refuse to give a sidechain a fair shake. This is why Polygon wasn't listed on tracking sites like L2Beat for the longest time. Now, you'll see Polygon in the rankings, but it isn't actually the proof of stake sidechain that will be there. It will be the newer Polygon ZKEVM chain, which has much less liquidity, but will eventually become more popular than the proof of stake sidechain in the future. So, you know the future? You can be a future member of the BitSquad by liking this video, following the channel and ringing the bell for notifications. Also, thank you to Stake for sponsoring this video. I mean, check it out. But don't look too close. Layer 2 projects are popular for their ability to scale their layer 1 project, and there's a method of the madness. The ZKEVM is Polygon's zero -knowledge rollup, which will be more decentralized and secure than the current layer 2s that exist on Ethereum. For now, it's still in beta though. So developers have warned to be careful. ZK stands for a type of technology called zero -knowledge proofs, which will be able to handle transactions much faster and more securely than the proof of stake sidechain. ZK proofs can also make it possible for individuals to prove certain things to other parties without revealing unwanted information, which can help make blockchain transactions more private. Polygon announced other blockchain networks for its ecosystem in 2022 called SuperNets. SuperNet is an additional chain built for a specific use case, similar to the app chains in the Cosmos ecosystem. SuperNets are based on Polygon's POS consensus mechanism, but since they are only focused on one use case, applications take full advantage of the blockchain instead of sharing it with others. Another term you may have heard tossed around is the Polygon SDK. SDK stands for Software Development Kit. Polygon's SDK contains modular libraries, tools and guides to help developers build on the blockchain. The SDK supports multiple programming languages like JavaScript, Python and Go. This makes blockchain more accessible for developers, which accelerates the development of applications on the network. Imagine, if things are more accessible for developers, things go better. So incredible apps have already launched on Polygon, working apps that people are actually using. One of the most promising protocols is Lens, a social media network that finally gives users control of their own accounts and information. Lens is still invite -only, but you can pick up an old account in FCE to start experimenting with the platform. There are rumors that they will be launching a governance token at some point, so using the platform is an easy way to qualify for the potential airdrops. Polygon is also home to Avogadji, one of the original crypto games that was a pioneer in the play to earn space. As the name implies, Avogadji is similar to the old Tamagotchi digital pet games from the 90s, which I'd never played. I was too busy playing Pogs. But it's tied to DeFi through the popular application Aave. It also has its own token called Ghost or GHST since Aave is Finnish for ghost. But we're just getting started. One of the most bullish things about Polygon is the attention that it has gotten from the mainstream. Polygon is where Reddit decided to launch their extremely successful NFT project and is also home to the Starbucks Odyssey loyalty program. If you're using those apps and sending transactions, you're going to need to learn how to navigate around Polygon Scan, a blog explorer that is used to view and analyze data from the Polygon blockchain. Polygon Scan provides information on blocks, transactions, balances and other on -chain activity. If you're familiar with either scan, it works in pretty much the same way. Polygon is even diving into AI with its own chat GPT -style chatbot called Polygon Copilot, which also helps out with coding and can be particularly helpful for developers building on Polygon. With that said, Polygon is one of the fastest expanding blockchain networks in the crypto ecosystem. And there are new terms popping up all the time. This is just a starter pack. And this list will probably grow a lot over the next few years, so you'll have to keep on paying attention. But that's all I got. Be blessed. BitBoy out.
Bankless
A highlight from Is friend.tech Good or Evil?
"ICOs, oof, not great. Like NFT mints, oof, not great. But we have to remember that like that part of the market cycle for financial assets exists before and after crypto. And the reason why we don't see it in the traditional world is because by the time a traditional equity IPO is on the stock market, all of that speculation by early VCs, the first round of financing, the second round of financing, that's not available to the general public. And so this is the naked truth of markets. And now it's public and the public is reacting to it. Is friend .tech good or bad? That's the conversation David and I want to have today. This is a special episode, I think an opinion episode, getting into some controversy here. Friend .tech, this is an app that has dominated the crypto landscape for the last two weeks, kind of exploded on the scene. And now it's breaking out into mainstream audiences. These are non -crypto audiences. So should we pat ourselves on the back? Is this a moment for victory lap and congratulations? Or do we need to take a moment to more carefully reflect on the consequences of this new financialized social application? Some questions we're asking today. Is friend .tech good or bad? Are financialization and Ponzi games all that crypto can really give to the world? Is any of this even a correct conclusion? Or maybe we're just moralizing this whole crypto thing too much. These are the conversations I want to have with you today, David. What are your thoughts going to this episode? Why are we even doing it? I think on the surface level, friends .tech, friend .tech is a fun game for crypto influencers and their followers to all kind of play together. And I think simultaneously, while that shenanigans is happening, there's another conversation brewing as to like, what are the deeper consequences of an mainstream world? Is this the crypto dream? Is this what it means to be a crypto person? I don't think a lot of people are here for that mission or that future. And so I think we also need to also define the concerns that people are having about what are the values basically embedded into an application like friend .tech. And we can't seem to as a crypto industry create too much other than some form of financialization of things that already exist, like social media apps. And so is this all that we have to give? Is this what we have for the world is, hey, here is your Web 2 and Web 3 is Web 2, but now with finance, is that really it? Is that and is that what we want? And is that good? I think there's a lot of different little nuances to unpack. And so that's what we're going to do here on this episode. Yeah, I think there's a good opportunity to figure out what we really care about and why we're here and any excuse to do that. We take it on bankless. So, guys, that's what you're in for today. Before we get to the episode, we want to thank the sponsors that made this possible, including our recommended exchange for 2023, Kraken. Go check them out. Kraken Pro has easily become the best crypto trading platform in the industry, the place I use to check the charts and the crypto prices, even when I'm not looking to place a trade. On Kraken Pro, you'll have access to advanced charting tools, real time market data and lightning fast trade execution all inside their spiffy new modular interface. Kraken new modular customizable layout lets you tailor your trading experience to suit your needs. Pick and choose your favorite modules and place them anywhere you want in your screen. With Kraken Pro, you have that power. Whether you are a seasoned pro or just starting out, join thousands of traders who trust Kraken Pro for their crypto trading needs. Visit pro .kraken .com to get started today. Mantle, formerly known as Bitdao, is the first Dow led Web3 ecosystem, all built on top of Mantle's first core product, the Mantle network, a brand new high performance Ethereum layer two built using the OP stack, but uses Eigen layers data availability solution instead of the expensive Ethereum layer one. Not only does this reduce Mantle network's gas fees by 80%, but it also reduces gas fee volatility, providing a more stable foundation for Mantle's applications. The Mantle treasury is one of the biggest Dow owned treasuries, which is seeding an ecosystem of projects from all around the Web3 space for Mantle. Mantle already has sub communities from around Web3 onboarded, like game seven for Web3 gaming and Bybit for TVL and liquidity and so if you want to build on the Mantle network, Mantle is offering a grants program that provides milestone based funding to promising projects that help expand, secure and decentralize Mantle. If you want to get started working with the first Dow led layer two ecosystem, check out Mantle at mantle .xyz and follow them on Twitter at zero x mantle. Arbitrum is accelerating the Web3 landscape with a suite of secure Ethereum scaling solutions. Hundreds of projects have already deployed on Arbitrum one with flourishing DeFi and NFT ecosystems. Arbitrum Nova is quickly becoming a Web3 gaming hub and social dapps like Reddit are also calling Arbitrum home. And now Arbitrum Orbit allows you to use Arbitrum's secure scaling technology to build your own layer three, giving you access to interoperable customizable permissions with dedicated throughput. Whether you are a developer, enterprise or user, Arbitrum Orbit lets you take your project to new heights. All of these technologies leverage the security and decentralization of Ethereum and provide a builder experience that's intuitive, familiar and fully EVM compatible, faster transaction speeds and significantly lower gas fees. So visit arbitrum .io where you can join the community, dive into the developer docs, bridge your assets and start building your first app with Arbitrum. Experience Web3 development the way it was always meant to be. Secure, fast, cheap and friction free. I put the question is friend .tech good or bad for crypto out on crypto native. And I was actually really surprised at what the results were. So good, that option got 53%. Bad got 47%. Let me ask you before we continue this episode, were you surprised by results like these? Certainly. Yeah, I was ready for a good to mostly dominate the fact that we were basically at 50 50. I was surprised as to how many friend defectors there are out there, friend naysayers. Yeah. And I will say on Bankless the last couple of weeks, we've been pretty favorable about it. It seems like a new proof of concept application. So this is an alternative opinion I think we need to hear. This is Anthony Sasano replying to this tweet. He says, I haven't seen crypto Twitter this divided on something in a while. And I think he's right. There are a lot of haters out there of this entire friend .tech experiment. And that's important to go into. David, before we talk about the controversy and the pros and cons of this particular application, maybe we should spend a minute actually defining what this thing is. So this is what we might call a social fly. That's been a term going around lately as a sort of a new narrative, but it's like a social Ponzi game on the layer two base. And notice, by the way, I said Ponzi game, which is very distinct from a Ponzi scheme to us and how we've long used this term. A Ponzi game is completely transparent. You kind of know what you're getting into. I would say in some ways, Bitcoin is a bit of a Ponzi game. Something like Ethereum, Ether, the asset is a bit of a Ponzi game. I even think the dollar Fiat is a bit of a Ponzi game. It's something that gets its value from narrative beliefs. So don't be distracted by our use of the term Ponzi game, but it's a very distracting term, specifically the game element implies a scheme is a scheme and a game is a game. A Ponzi scheme implies as a central operator who has differing incentives. And a Ponzi game is simply referencing the fact that in order for this to be successful, we need to have a constant inflow of new people in order for this to work. New believers. New believers. Yes. And I actually don't want to necessarily ascribe like whether or not something is a Ponzi game is a very deep and long conversation. And I think long time bankless listeners who have perhaps listened to every single bank this episode will understand the nuances that come with that term. It has got a very negative connotation and we actually are using it in a very neutral way, I would say. And so I think part of the world of money and finance, like the dollar, it's a piece of paper and people are paying money for it. It's a Ponzi game in the sense that it's almost synonymous. A Ponzi game is almost synonymous with finance. And so I don't Ponzi. It's just like when you go very deep and understand the world of money and finance, you understand that, well, everything is a story and everything is kind of a Ponzi. And what is the dollar? Well, it's a Ponzi that doesn't pop. And so there's a lot of connotation baked into this Ponzi word. I don't want to get distracted by that. Yeah. So I probably shouldn't have led with this loaded term if you're not familiar with all of that background. So let me maybe restart that. This is a social game of sorts on crypto. Social financialization game. Yeah.
Ethereum Daily
"reddit" Discussed on Ethereum Daily
"Collectibles generate $2.5 million in daily volume, matter labs seeks to deploy ave three on ZK sync, oasis, integrate support for Avi and to make her doubt passes in endgame proposal. All this and more from eth daily starts right now. Reddit avatar collectibles generated $2.5 million worth of secondary market sales volume on Monday, according to a polygon analytics dashboard, a single NFT from the collection sold for 30 eth. Currently worth about $40,000. Reddit avatar collectibles are polygon based NFTs initially sold on Reddit's native NFT marketplace. The volume comes less than a week after Reddit sold out its second generation release of 40,000 collectible avatars, Reddit sold out its first generation collection in July. The NFTs were sold at varying prices between $10 and $100, Reddit also revealed that 2.5 million polygon wallets were created by users since its launch of Avatar collectibles. Matter lapse, the company behind ZK sync submitted an Avi request for comment for deploying ave V three on the ZK sync network. The proposal seeks an initial snapshot for launching IV three on the ZK sync two testnet followed by a second snapshot for a mainnet deployment. CK sync two is a ZK rollup that supports generalized EVM compatibility, matter labs proposes to bring high throughput and low gas transactions to ave users. According to the company, argent curve one inch and urine are among 200 applications that are committed to launching on the network. The project plans to launch a ZK sync two to mainnet this Friday with a public release by the end of the year. Oasis, a front end application for MakerDAO expanded its offering to support avid. The move comes as a project aims to provide more products for deploying capital and DeFi. The integration includes support for an STE yield strategy which allows users to borrow eth on Abe to attain leveraged exposure to STE, the yield is generated from leveraged STE position on the ave V two market, oasis uses a flash loan to borrow leverage swap and deposit assets in a single transaction. Oasis was initially created in 2016 as one of the first projects by maker Dell. The app has since spun out as a stand-alone application with multiply and earned products. Maker Dow governance approved an initial proposal for endgame, a restructuring plan and spearheaded by MakerDAO founder rune Christensen, the proposal seeks to boost the amount of dye backed up by decentralized assets, the proposal comes amid the Dallas recent real world asset collateral deals with coinbase prime and HV bank, and game highlights an internal clash between maker Dow core units and christiansen's vision for maximum decentralization. According to christiansen, die could lose its peg to the dollar in the event that make your dowel fails to maintain a decentralized collateral threshold in the coming years, turning die into a free floating asset. The proposal also introduces the concept of a protocol owned vault that aims to accumulate stake the eth and use it to generate die and gain consists of two maker improvement proposals also known as mips and 6 sub proposals which still need to undergo approval by maker governance..
RSLASH Best Of Reddit Stories 2022
"reddit" Discussed on RSLASH Best Of Reddit Stories 2022
"Find yourselves doing some private investigating against your will. I used to be the manager for the technical department in a comp user, fairly large computer retailer. We had a guy bringing his desktop at the end of the day and say that it wouldn't boot since he didn't know why, but that it was under warranty and would like it repaired. And my technician said he seemed kind of nervous and that he smelled just like a car air freshener. The tech told him it would be looked at tomorrow and we'd call him with an estimate before doing anything beyond the diagnostic work. The next morning when I came into the shop, the whole place smelled strange, and it seemed to be emanating from the rack of incoming devices. The PC that came in at the end of the previous night seemed to be the cause. So I had a technician put the PC on the bench and tried to boot it. It wouldn't post, or even give indication that it was getting power, so he opened the leg, and that's when it got really bad. It smelled terrible inside of the case. Kind of like a rotting asparagus. Burnt several and vinegar, with a slight hint of pine trees. At this point I tell the tech to move it off to the side, and work on something else because I want to get more info from the customer. I called the guy and asked him what actually happened to the computer, stating that it smelled like chemicals and I did and want my tech touching its until we knew what we were dealing with. After balking initially, he finally told me that his wife had opened the case and pee inside of his computer because she had found his peak collection and she didn't like pornography. He had drained it out, and then sprayed it with lysol and let it set for a day before bringing it to glass. After a few moments of silence due to my internal screaming on the WTF, the customer breaks the silence and asked when it would be fixed. I started laughing, and then I calmly explained that manufacturer warranties don't cover urine damage, and that he had until the end of the day to pick up his dead computer or it was going into the trash. That was when I decided that retail management wasn't for me, and got into IT consulting about three months later, thiel. DR guy pisses off wife and she pee in his computer, which is not covered under warranty repairs. Not exactly on the computer, but this one always makes me laugh. Way back in the day when the ATX motherboard first came out to customer board one. If you recall, they weren't a perfect rectangle like now, it was sort of L shaped. I don't know how to describe it, but it wouldn't fit in there at case. So, they simply sawed off the other part of the motherboard. After all, it had the sea controller on it. Their drives were eyed, so they didn't need that. Then the screws didn't line up, so he drilled a hole and tried to hold it in with a sheet rock screw and glue. We know this because he brought it into try and return it. One of those things I'll never forget. Good times. Well, the P thing, of course, although that was always kind of awkward because I'm a chicken guys were always like. Yeah, I. You know, whatever, but two stories Trump all my others. One, a guy came in with a desktop computer and said that he couldn't get it to work. I put it on our counter and started hooking it up to the monitor to see what he was talking about. When he sees me doing this, he says oh, I need a monitor after little, thinking he was trying to be funny. He was not trying to be funny. He thanked me, grabbed the computer, and left. I just stood around awkwardly while I processed what had just happened. Two. A mother comes in with her teenage daughter to transfer what was on the girl's old computer to her new laptop. The mother felt the need to go on about what a great kid her daughter is. This girl looked like a Grammy ass, but whatever, we are transferring everything and her pictures included shots of her and her boyfriend having sex. And not really shocking, until we see a close up of her crotch and she had her boyfriend's name shaved into her pubic hair. Her boyfriend's name was Tito. Grimy ass indeed. I've been a student at worker at my university for about three years, and I have to say, the craziest thing I've seen was a laptop of a male student who had pictures of his naked girlfriend all over the desktop. Who also sat down next to me while I was fixing his computer and acted like there was absolutely nothing awkward or wrong. Peas first post two, yay. I had to repair a laptop for a friend. His complaint was that it gave him a lot of blue screens. Did the quick check off of the basics, and nothing seemed out of order. I updated all I could. Let it run in overnight and still no errors. Strange, the next day, I returned it to him and asked when do you get these blue screens? He hesitated for a sec, and said well, when I watch P on you porn, I went to you porn and surely, his system crashed. Assuming it was something to do with Flash Player or a video related issue. I checked YouTube. But no errors there, the errors were only occurring on you porn. I was on the verge of giving up until I realized I hadn't done a disc Czech yet. Iran checklist, and the result was surprising. Apparently, the disk location of a pawn cookie had an error, causing the crashes. The first time ever I encountered someone's computer broke because he was watching too much pee. I helped a friend build a computer that he wanted to keep his big HDD, which was fine with me. He told me that I could go through and purge most of his files in a folder called pictures, which was a 52.3 GB folder. I had a look in for a lark. I know hat I shouldn't have. I'm sorry, and I found a folder, 17 GB, that was normally invisible and password protected by the program called folder loker inside was 17 gigabytes of hardcore furry P and Clarke. At least it was supposed to be hidden. Most people just leave porno on their desktops apparently. This wasn't crazy in itself, but in combination with what he brought the computer into be repaired for it was. But he had a bunch of viruses and tracking cookies from peace sites, and his background was the ten commandments. I'm not really sure how it would feel to go from looking at Peter looking at thou shalt not commit adultery. A buddy of mine, I worked with went over to the local Catholic Church to install some print drivers for their copier, with the priest standing over his shoulder, he opened the downloads folder under greeted by 100 or so P videos. The priest doesn't even Flynn. He said it was most uncomfortable, he had never felt. Bugs, as in little white things running in between the keys. In and out of the keyboard, yup, that one got sealed in a plastic bag and disposed. A couple interesting ones in my ears, not a PC, but I used to work for a company with many many laser printers. I got a call that one smelled really bad, so I went to check it out. Sure enough, smelled like crab, took it down to the shop to tear it down and clean it, and inside we found several dead mice, and we threw that nasty thing away. I once worked on a PC in an about to a so filled with dirt and dust that the entire case was filled. It's not just a little film or a ball off of dust. The whole case was filled with that nasty fuss dirt dust crab, nasty, as you can probably guess the board had blown several caps and was causing rebooting. I once worked on a PC for a friend and had to reload his OS. He asked me to move his pictures in such over, but kindly asked that I not look at them. Of course I intended to oblige, lip through a series of unintended consequences I ended up seeing thumbnails of some of his photos. Many
RSLASH Best Of Reddit Stories 2022
"reddit" Discussed on RSLASH Best Of Reddit Stories 2022
"Meeting minutes, ETC. They used that craft tastic lotus notes, browser client. Guy was a total dong too. I kind of felt like he was showing off by letting me see. He was so important he had to repeatedly remind you with his attitude. I work at a college university and I have seen some of the most distinguished professors here in the act on their work computers. What kind of an educated idiot makes the decision to take their homemade P and place it on their work machine. Also, kiddie P apparently that's the only way for someone with tenure to get fired. Oh, the stories I could tell tell. Was asked to try and get an old ten years plus laptop working. When that failed, the lady asked me to smash it up in the garden. On doing this, a number of earwigs crawled out. Weirdest thing in a computer. You could say, sunglasses, it had a few bugs. I'm sure everyone in tech supporters their peace stories, but my worst was pretty bad. I work in my college as IT department. Some kid brings in his desktop, tells us it's slow and he needs office installed. He fills out the forms, and we get around to it about half an hour later. It took ten minutes to boot. His desktop was a slideshow of nothing but hardcore pee. Internet exploring a shortcut, renamed to pee. Inside IE, he had four different third party tool bars and at least 20 bookmarks for pea sites. After dubbing the porn at O and chuckling over it, and changing the desktop so I had a boss wouldn't get pia tas. We ended up clearing out 19 various pieces of malware, including two rootkits. It's still a running joke to compare other sketchy computers we see to the mighty poor nano. We also do backups for students that need to have their OS reinstalled or have their entire drive imaged. Not only do we end up with terabytes of movies, which the sneaky technicians load onto thumb drives and take home because Frick urias, but I have accidentally stumbled across more homemade fee featuring people I know than I want to think about. Probably the worst ever, though, was a laptop we got in from some really creepy skinny dude. He wreaked the laptop wreaked more, the laptop wreaked so badly that my boss shouted at me from across the room as soon as the guy was gone to take care of it somewhere else. This wasn't just a biological reek. This was something rank and foul like I have never smelled in my life. I opened it up in the keys were sticky. I disinfected my hands. Sealed it in a bag, and we sent it to the manufacturer. Two weeks later we got a letter telling us it had been discarded at a class something or other biohazard, that we notified the guy via email and never saw him again. Thank God. There are some other sketchy ones, like the 22 year old chick in student government, dean's list, popular, well liked, ETC, who had Harry Potter slash fiction pop up as well most searched item when we went to Google to see if she had Internet access. But these are the best I can think of right now. I knew someone in college that actually fits the description of the last one, her honors thesis was on Harry Potter fandom and fanfic, sometimes a cigar is just a cigar, sometimes it's Neville's turgid member. I use to work for verison wireless. This hot girl buys a new phone from me once all her data's fit from the old to the new, so I hook her phones up to the computer and hit go. I can see the computer screen, all my coworkers behind me can also. The girl, however, can not see it, and it starts to sphere her pictures, normal looking ones at first, then suddenly there she is naked, then more naked, than in very hardcore poses, then there are things inside her and on, and on for like 5 mint shoes. There had to be 200 pictures on that phone. 180 of demo naked pictures of her, before I knew it, everyone I work with is standing behind me drooling. I don't think the girl realized we could see what it transfers. Why couldn't you even see that? Or why would it be necessary to see it? Oh. A friend of mine used to fix computers. One guy complained of his computer not working and brought it in. Child P was discovered, cops were called, P off file arrested. That is something I hope I will not have to deal with. Old lady had her cable modem behind a big desk, could never unplug it as needed for a power cycle. She ended up putting it in her router on a clapper. This wins. The time I was on site moving data from a 14 year old girl's failing desktop drive to her laptop drive saw that the transfer was hanging on a gigantic movie, opened it up to see if it was important, and so her flashing her boobs over and over again. She was in the room. It would have been far more awkward at the screen bean in her line of eyesight, but. Luckily, it wasn't. And you too are now on a federal one up close somewhere. I did computer repair as my own business for probably four plus years, so I have a ton of stories I could share, but this one always stands out. A little backstory, likely Intel was mostly old people, age 50 plus. Most of the problems they had were pretty basic, printer drivers, speed up their computer, book something new up for them. Pretty basic stuff. Sometimes people had viruses, but surprisingly, it was a pretty rare occurrence. One day, one guy who I had done some work for a few times before called me over. He was a retired pastor, with his wife of 50 years and men and children and grandchildren. Mostly what I did for their family was install some software. Check on some settings. That type of thing. This day, however, he told me that he had a strange problem, every few days he would get faxes for advertisements for gay age. Hum. That's kind of odd. I told him to make sure his facts number wasn't on the web anywhere, and if so get it removed if possible, otherwise. Maybe it would be best to change their facts number. Each successive time I went over to his house after that, though, it got worse. The next time he needed me to install an Internet filter because sometimes he had gay thoughts and didn't want to be tempted to look at gay pee. Okay, little weird, bit I installed the filter and figured maybe he had just accidentally viewed it as a religious person. Never wanted that to happen again. So a few times later, I'm helping him set up his email in outlook, and I ask him if he can type in his password. He says he has to look it up, so he opens up a word document which has all his passwords. I had already told him that was probably a bad idea, but you can't force these people to do anything. So was he as scrolling up his word document? I noticed that he is scrolling past a lot of text. A lot of text, as I glance over, I notice its men four men on Craigslist, ones he's posted, ones he's responded to talking about all sorts of interesting things. He finds his password, and at this point I just want to get out of there. As we finish setting up outlook, mail comes streaming in tens, hundreds. Maybe even a thousand Craigslist postings, emails, responses, and more, so that's when I finally connect all the dots. The gay faxes, the gay pee, the men for men, and here he is, a retired pastor, smiling at me next to his wife of 50 years, with his kids and grandchildren pictured in frames all around him. I didn't know what to do. So I just stopped doing repair for them. I was worried what I would find out next. The more I read these stories, the more I become convinced that you guys
RSLASH Best Of Reddit Stories 2022
"reddit" Discussed on RSLASH Best Of Reddit Stories 2022
"Of Asian ladder way downloads and web history. I never mentioned it to him. I was too embarrassed. I mean, what kind of sick bastard uses AOL? Are the old redid kangaroo? I was working on my XG air force. The younger sisters computer, if I remember correctly, I was just removing malware and giving it a bit of a cleaning. I found two videos that were roughly half hour each of her and her BF having sex. I felt a bit guilty for watching them, but we were close in
RSLASH Best Of Reddit Stories 2022
"reddit" Discussed on RSLASH Best Of Reddit Stories 2022
"Computer repair guys. What is the craziest stuff you have seen on a customer's computer? I was a manager at computer repair for a retailer a couple year ago. We had a client's computer in the back running various malware and virus scans. I was doing morning paperwork in the back near the computer. This PC had its screen saver on displaying random photos from the my pictures folder. Various family members, children's birthday parties the usual stuff. Then from there not my eye I swear to God I saw the picture of a woman from the shoulders up with her throat cut, as soon as I realized what I was making outside directed my full attention and it was back to photos of a car show, as they day went on, I know nothing of it and preceded continue my work until I was bringing another customer's PC to the back to work on in the game from my peripheral I could have sworn I saw a bloody body in bound in a trunk of a car, but at that moment I began to freak out, I grabbed one of my employees explained to him the situation. We then sat for ten minutes and watched this screensaver. It is against company policy to search through the client's personal files without absolute just cause. We then proceeded to see a photo tube, body is in a shallow grave out in the Woods and another photo of a severed hand down in kitchen drawer. I then went and got a general manager and informed him of the situation and had him view this screen saver, but we then felt that I would be in everyone's best interest to contact law enforcement in about 15 minutes later on her honor to the computer and another gentleman show up by proceed to tell him that his computer is not ready and it will be a while. He then informs me that he was called there because someone reported there was some photographs of a grisly murder that we had found. I showed him his computer and then his partner then begins to laugh at him. Apparently he went against police policy and took some of his work home with him and had never noticed his work photos were being used as a screen saver. TLDR had detective unknowingly brings me his computer filled with gory homicide pictures that get mixed in with his screen saver. I soiled myself thinking I am dealing with a murder, call the cops and the detective returns to investigate his own computer to oh crap Alonso, I got them pictures from the you know what is my screen saver? No worries Jake. I've got a plan. I was approached by a mutual friend asking if I could assist her with a very delicate issue. Her brother had recently committed suicide, didn't leave a note, and they needed a user password removed to search the computer for any answers. I said I could help and told her to bring it to the shop. Why couldn't the police handle this? I don't know. The next day, she brought it in an evidence bag, along with gloves, and instructed me to wear them while handling it. When I took it out of the bag, I noticed some dried blood on the casing of the laptop. Then I opened it up. To this day, I'd say the craziest thing I've seen on a customer's computer is brain matter, the laptop had been nearby and open when he shot himself. I retract the previous winner. You win. Normal looking guy turned in his desktop for repair, booted up to see the desktop image of a car with a lizard man having sex with the exhaust and another lizard man jizzing on the hood. A guy had a folder entirely dedicated to toilet puert, from what I can tell. He would lay a massive crap in the box then use pink or blue toilet, paper or whatever to make a rose like flower around the turd in the bowel. It was weird because the wet paper actually looked kinda pretty and rather rose like. They were big and took up the entire bottle. However, the crap center of each kinda ruined the magic. I have pretty much zero idea why anyone would do such a thing let alone photograph it. The Internet needed those images. We are poor without them. One fairly trailer trashy gentleman brought in his Windows 98 PC. This was around 2008, and his wallpaper was a rather portly nude black woman who he informed me was his ex-girlfriend. He brought in the computer several times throughout the next few months, all four silly questions about how to use the dang thing, and since we do a free check up at the counter I had to look every time his wallpaper was the same nude woman in a different pose. The last time he came in a booted it up in the wallpaper was a mirror shot of him at full mast, holding himself. I unplug the power cable immediately, there were people behind him, gave his computer back and told him not to come back to my shop, ever, and now we have a policy of not touching anything running an old OS because the people who do tend to be crazy, child pee, twice, both guys were arrested. One time I was checking out a lady's AOL email issue. It was no big deal. She was done and out in just a few hours, a week later I get a call from her stating that we logged into her adult friend finder account and changed things. She was thoroughly embarrassed by it and was pressing charges. Police called to take a statement and we mostly just laughed about how there's no way anyone would have known she used that if she hadn't bitched and made a gigantic scene. She was also a lawyer. Nothing came of it. I see nudes on a near weekly basis and I don't even look for them. In fact, I've had a few couples bring in their failed external hard drives begging me to save their homemade pee. One couple made it very clear that it was okay to look. I guess that was just been a thing because they paid me to hook up the hard drive, which was perfectly readable, and then copy everything to another hard drive. I work in a cowboy village where people sometimes ride up on a horse with a laptop in the snow bag. Obscene dong picture wallpaper on an ancient machine. Child P, child P, crazy lawyer on adult friend finder, voyeuristic amateur pee makers. Cowboys with laptops. Honestly, most interested in the cowboys W laptops. Child peon desktop, as desktop background and a screen saver, it was an interesting day at work, had to pock a face it when the police came over and arrested him as he was picking up the machine. There was a research chemist computer that was infected with malware. I was doing a scan of his computer and there was like ten minutes of the titles being scanned on our malware scanner, but it was so organized. There were folders like BSD, lesbian, best in reality, straight, interracial, masterbation, insertion, et cetera then there were some folders like, Japanese, ebony or vegetables. Sports equipment, but this was the most organized peak collector I've ever seen. Ah yes, ebony or vegetables easily the time I picked up an old CRT monitor our father desk to reveal a half eaten McDonald's burger from years past. Not as much mold as you'd think. Half a ha ha. Silly rabbit that's not food. While working for a university IT department, I had the distinct displeasure of opening up the sea. Drive on a professor's computer, the display default was set to large thumbnails and the only things at sea were folders and one big naked mirror shot of himself come to find out he was big on the dating sites, God himself a mail order bride from Brazil, and this was what he thought enticed people. Naked shots of 60 year old male tax professor, kind of the same thing happened to us on our department shared drive. One of the researchers had a nude shot of him at his wife, gross. My flatmate was fixing up and backing up a police officer's laptop. On the desktop was a file with a list of all the known suspected drug users and dealers in my town. And I'm not talking about jail bait. He had what looked like a naked 7 year old girl as his freaking desktop. He's in jail now. At my last IT job, I loaned my work laptop to our general manager because he needed it to make a presentation on a business trip. This was back in the late 90s when laptops were still making their way into our company. He returned it a few days later with AOL dial up and stalled. In the process of removing it from my laptop, I noted the plethora
RSLASH Best Of Reddit Stories 2022
"reddit" Discussed on RSLASH Best Of Reddit Stories 2022
"People who have actually had sex with a steppe relative. What was the aftermath? Not me but my cow walker got his nephew a job with our company to help straighten him out and let him live with him. A few months later he starts talking about how he's going to be a granddad because his 18 year old daughter who lives at home is pregnant. We later found out his nephew was banging his daughter on the regular, and was the father of his grandbaby. Nephew got fired for failing a drug test not even 6 months into the gig. Pretty sure he ended up getting kicked out of their house to shortly thereafter. Not me, but someone I was Friends. We'll call her Sarah, within high school. Sarah's half brother, we'll call him Alan, passed away, and every one gathered for the funeral. This turned into an extensive family reunion. Sarah found herself interested in the half brothers of the half brother, we all call him Dan. Dan and Alan shared the same mom while Alan and Sarah shared the same dad. Sarah and Anne were not related, but she got a lot of shit for it. She ended up moving out of the states to be with him, and has happily been with him for 7 years now. All right, here we go. So, I meet girl, meet her mom and dad, the girl and I have 6 and 8 for several months. She gets pregnant. I joined the navy to support my new family, I leave for food camp, and she starred sleeping around, so we break up. During this time her mom goes crazy, her dad leaves her mom. He then starts seeing my mom. They get married, boom. My ex is now my stepsister and my son is now my nephew. Welcome to West Virginia. Is that what they call a mountain mama over there? Technically my step cousin. My mom married his uncle, we met as adults, and hooked up quickly after meeting. We are married now. Whenever someone asks how we met, I just tell them he's my cousin, meeting at the family reunion is a tailor's elder's time. My parents used to be step siblings. My mom was 6. That was 12, when my mom's mom married my dad's dad. My dad lived with his mom primarily, though, and they never spent much time together. I think my grandparents were married for 6 to ten years or something like that before they divorced. When my mom was about 20, that was 26, and he asked her out. They've been married for like 35 years. The complicated bidders that I have an aunt that was born from the marriage of my maternal grandmother and paternal grandfather. So my parents share a half sibling, but they are no longer step siblings, edit, rephrased a sentence for clarity. Also, guys, there are plenty of other southern hillbilly ass state aside from malaba, unless I'm missing a reference to something. That being said, every generation beneath my great grandparents on both sides has been born and raised in California, although funnily enough, my aunt did move to a southern state when she got married. I like to joke that she complicates the family tree, so they kicked her out. My dad was banging my mom's sister and I have a couple of kiss and brothers to show for it. Yes, Florida oh dear oh brother oh, cousin brother.
Loving BDSM
"reddit" Discussed on Loving BDSM
"A and i have to Can i talk to the cricket space. Why yes of course you grow because you can have anything you want. I did that. I almost cracked up in the middle of it. Okay oh my god so Okay that was episode and silently to. It's clearly on. Read it more than i am did mention that i happen to find the only too well. Moderated communities are read it for be. Dsm and they're run by the same person. Thank you settling for the information that make sense those rules. Were tight like they. They even had like auto chat thing. Like when you make your post on in the senate on auto there'd be an auto reply of here are the rules. Don't forget them. So yeah it was. Those two were pretty good. We're in the sector. And i feel like i did it all wrong because book. Because he wasn't here and i forgot something so let's see. I don't have an emoji the week. Because i really just couldn't be bothered. I think i think i'm giving up on that. Because i just keep forgetting and i'm not that creative to come up with one so my idea for a future episode My idea for a future episode at just came to me today. So many ideas you know. What if so the where this episode idea came from was i was listening to the simply pod logical podcast on youtube. Are you back back okay. And we have a lawnmower again. Don't we we do okay. Good okay so Was listening to simply pathological and every so often they'll do an episode where they'll go through the relationship advice a relationship sub reddit. Reddit thing and they'll talk about the scenarios that they see and like what. What do we think about this. And what would we do. And what would we advise. And i was like watching it. And i'm like we should do that but for beat up stuff and i kind of helped there'd be like bedia some relationships i couldn't find it. It might be out there. I just missed it so we did this. But i had another idea what you think. I'm very curious if anybody's interested. What if we went to the relationship. Sub reddit where it's mostly vanilla not always mostly vanilla and we discussed vanilla issues through the lens of kink. Like what would we do if this was us. I don't know it's it's kind of intrigued. Me noodle anybody would even care. So i feel like the answer. Would he just fucking talk to one another even when the simply pod logical folks christine and ben were saying that most of them were like. Could you just have a conversation with them. I really really. And i just wanted to jump in real quick because i see a little sub conversation going on there and in the chat. Y'all know where i stand on naps especially if you're part of the discord server and saw the picture that kayla posting yesterday naps good you missed my effort being comedic. Oh well we closed the show. We did our keep keeping kinky right. Well then there's more that happens that i did write down the time for okay. Good thank you. I played the part of both baby girl. Daddy my goodness wow permission to talk to the creek to listen to what we call in. This is what we come back. Let's see yes. The brief pause was because our lawnmower was dropped off to us. Yeah if we had had the ability to go dropping off and picking up ourselves we would've paid a third the price yeah. We probably need to invest a trailer. Right and i was thinking about that because between the motorcycle..
Sucias are my Favorite
"reddit" Discussed on Sucias are my Favorite
"Prepare. You come here. You'll be like al capone's oh dude i get three. I wouldn't even get my standard. I owe you some. You stink here but of marijuana. I i grew myself. I'd whatever there was an incident here about it. It's been a while maybe maybe a decade or so but They were testing their narcotics enforcement. So they had this small quantity of cocaine and they Inserted into someone's a suitcase at tokyo international airport ninety three aboard and then they. They released the dogs to go and retrieve it to see how long they could eat them. Really get recovery. Recovered turns out. The dogs. couldn't find it because the persons with a suitcase had already left and they were downtown in tokyo. So the police had to send out a bulletin. Like listen we have this Unmarked quantity of cocaine in the suitcase. And we'd appreciate it if you bring it back to the police department. Did they return it. It's that is crazy you. You won't hand it makes sense to you. Know testings that way to test security but you would think you have the person that's the test e or the carrier the airport but if you put it on someone random that's kind of your own fault i would think it'd be like one hidden camera you know. That's a funny story like here. News is people getting shot. Not you know. Small quantities drugs tested out. But at the same time i kind of understand the mindset that i had a co worker at tesla She was an interpreter Because we had japanese workers helping build stuff. that's From a japanese company. That i can't think of it. I wanna say harada think you're right. It was a company or him. Motto is something h auto is how it ended so All these guys are maybe two people on the crew that under under standing. Stop no go. Hurry like that was it. And then we had. They had their own interpreter. And tesla had ours and she was a american student. Japan of file did the same thing Exchange student was there for two twenty. Three twenty four came back and got the job as an interpreter and news is kind of funny because she was experience sharing some of her experiences Which were a lot of stereotypical which would see on on media and reinforcing those ideas. It was just kind of funny that they were very segregated that they keep to themselves. They wouldn't anyone else..
Sucias are my Favorite
"reddit" Discussed on Sucias are my Favorite
"And had to draw. I guess that was one of my first Things that inspired me to make this a habit. I guess in what keeps you going now. I mean you like you said you had a pinterest of in a queue of pictures of drama. What keeps you going. Is it trying to improve drawing or is it just the love the fountain pens or something different It's trying to improve drying and i try to. I try to improve by doing things that scare me like. I'm not good at mouse. I draw a lot of males or if it glasses. Scare me. So i would. I'm feeling really brave. I try to draw glass. These are probably basic things to real artists. But they're still challenging. The only i think everybody has their own issues. I think my biggest problem back in the day was glasses too. 'cause like do i put the reflection and you put any glare do i- blur out. The is or whatever is behind the glasses as well. So it's like I guess in creative interpretation artists artistic interpretation on how to portray that and more difficult with inc. Because you're just using inc right. I was just going to say. I've been meaning to vast you about vintage so many times i still haven't taken the plunge actually getting one call man. You're you're you're gonna love it. Those crap there was a. There's a cheap one. I think it's like noodle or something. It's a modern pen to has a lot of flex to it. So you can go from a fine will find. S gets more like about a millimeter of versus point. Whatever millimeter but is from about a millimeter. Too good solid five six millimeters. So you have a lot of asian depending on pressure and i prefer those personally the flex ones for For my signature and then my daily is just like a lammi medium gasoline point so you just daily writing or journaling and then signature pin so so you make your way through my space..
Sucias are my Favorite
"reddit" Discussed on Sucias are my Favorite
"Like at the breakfast table one day and she's like oh by the way i've been sabotaging you on my speed. I wasn't that it was after. I was reaching out to these females on on facebook at that time and Don't you remember what you said to me on my space over. Like i haven't talked to you since nineteen ninety whatever right. What are you talking about three months ago or year. Go and this is what you say. Oh that was my wife so we're ex wife so but yeah my space was dangerous injuries as well. But you want able to weren't you even though you're a little kid. I actually skip over. Ill i started. I think on irc and i went to i was on icq. And then after that probably back to irc for a long time and then my space. I remember someone tried to buy my my irc number back in like two thousand four two thousand and three it was it was like a eight hundred thousand number i it was below a million by that time it was like tens of millions of your irc. I see i never. I think you yeah and then i r c is just you know whatever you want your handle but i remember someone paying one of three thousand dollars. If you're willing to pay a thousand someone else will probably pay more. But ever since. I've lost lost email account that was associated with our had. It set up or so if i see is still online right no. I didn't know i thought a autumn out or whoever owned. Okay yeah that's right so i'm you say how did they into pens A friend introduce me at work. We had a new manager come in and he was really into kind of vintage fashion. And just You know period fashion. Like there's the youtube channel gentlemen's gazette. He was. He was big on. That and one of the things was found pants. And a you just just looking across his desk every day and he said oh i just i just got five new house in the mail and then i got five new things the ink and he's just showing me eventually..
The Cave of Time
"reddit" Discussed on The Cave of Time
"I mean.
The Cave of Time
"reddit" Discussed on The Cave of Time
"That far far left. I just regular like neo laughed right now I mean as far as like mainstream. Networks are concerned. Msnbc's fairly left. Maybe maybe we're we're we're we're really like grasping for the inches right now for the d. Live audience the deal is off inches. Yes i'm i'm gonna miss the live. I always play random. Shit on the intro. That has copyrights like on them and I'm really gonna miss being able to do that. It's kinda sad that we played the album. I mean maybe i'll have to look into that but Yeah just for the for. The audience is not aware we were playing the any given sunday al pacino speech and it's a game of inches if you don't know speaking. It's a pretty good speech. Let me let me tell you this like i can understand. He could say it's not conservative to go to war but my account. It's not liberal. Either this is not a liberal thing to go to war. I think like. I had to take the neo neo cons. You have to take the neo liberals you don't wanna go to war to this wash fine a fucking watch. It's not liberal. And joe and no. This is not a watch. I win this. Donald trump is more liberal by not wanting to go to war. He's more liberal by being peaceful way more liberal liberals love peace there anti war hippies. The hearing you're living in the nineties dude man. That's not how it is now. What do you mean. I'm living in the night i like. What what are you nuts like. Who all all all throats obama's presidency. They had no problem with wars. They cheered it on all throughout trump. Whenever trump pulled troops out of anywhere. They were very unhappy about it. That's just because they hate donald trump's on that anything you did. They're just against even if it was in their liberal interest debate. Yeah well how is that any different. From when you thought they weren't apiece because liberals are into peace they actually are to be part of the court hit. You think hippies berkeley wanna go to war. Limb calvin was want people like me like with my legs broken curse effects upside down tomatoes organic freshly grown tomatoes. This okay at best. I'll give you neutral. But i'm not taking anything less than neutral This bullshit it's still three two three two one though. It's three two two one this one fuck you know what fuck it. I'll be general. Yeah you know what fuck fuck you. I'll give it to you. I'll give it be gracious. We'll give it to you remotely nine this bitch giving that to you all right next one. The white house dot gov now asks visitors for their pronouns. How is that. How the fuck am i gonna win this one. Well actually actually. You're the real. You're the real conservative for trying to conserve people's individual freedoms because everyone has the right to be expressed whatever they want and whatever they want all right were super conservative was commenting on the last one. She said mike has this one. I gave it to him. I disagree carriage. Fuck you but yeah mike. Has that one white. House dot gov. That's mine obviously right. That's what can i do. We'll move onto the next one. So joe biden has so obama removed the bust of winston churchill from mike. The bedroom in the white house right. He moves to the hallway. Trump moved it back into the bedroom. Now the biden's in office he took the bust of winston churchill and took it out totally. It's not even in the white house anymore. The white house anymore. It's not because winston churchill was not gay and because he was racist until they don't understand what how it's conservative american ideology to the british prime minister in the white house. This is not conservative at all. Either way this is neither conservative or liberal isn't squad is it conservative to remove winston churchill for being a heterosexual white male with racist racist. Imagine if they just put in some fucking slave owner some confederate general. They're gonna put robert de lis bus bus man. This is not this is not conservative or liberal wide. This is now now come on he. He removed it. Because what what. Winston churchill beat the nazis because he was antifa the original antifa because he might he was gay anti semite and to give a fuck outta here he freed all the jews. He led the coalition to beat. I'm sure we could find some quotes about the churchill made about jews. I'm not sure. Find some quotes from joe biden. That are not so savory. Either the joke about jews good luck. Lhasa older lobbied winston churchill on that one his cabinet is like like. It's okay i was. Actually i was not gonna bring this up because it's not more jewish than fucking trump's is actually i think so the lo- the low low low ball is like forty five percent. The high ball was eleven. Oh to fifteen. For for joe joe. Biden's cabinet yeah. Did you see this is what this one percent of the population would you say. He's not moving. The embassy back trump moved into israel. And he's like yeah. that's fine. yeah. I would put that as neutral. It's not really conservative or liberal liberal than it's the point for trump trump. Who did their job. Is this moving back. How is how is removing the bust from the oval office of a racist dictator of an of an mtv. Remember your name. Churchill was not antifa mtpa anti-fascists. That's what antifa means. It just means you're anti-fascists jason. Yeah and the proud boys are just proud. Men like why are we. Why are we discriminate against proud men. No because they're secretly raises not like antifa and tv like everyone star. Trek is antifa jason. Everybody starfleet is antifa. what it's like four to two so fucking will do a wash on this one too okay. So so this is the one. We're getting back to the one where i knew you were. Were you going to do. Some ju jitsu move on this one but trans women sports. Yeah i this is the one woman. Finally we're going to see the end of women's sports. We don't have to put up with women's that's it is a fantastic for conservatives but i'll just give it to you i'll give it to you. Yeah so highlight that. Do you get a win. It'd be great. All the women's records are gonna be held by men now. Okay so you have wait. Opiate can't afford to four. I can't afford to four. Oh it's it's three to four three two four four. Oh so i've got i've got the keystone pipeline deal. I've got the fracking ban. I've got the increasing. Integration muslim immigration. Got the white house. Dot gov now asking for pronouns for you've got us embassies. No that's actually not yours. You've got the slash the epi pen and insulin prices. You've got a war with north korea. Iran and all that you've got trans women sports. What else do you have. I got the bus. The bus bus. What i know i i was graciously county. That is neutral. You don't have the buzz. hey i was graciously. i had the bust. Actually i was. I was allie as neutral to be nice. No no no. You don't have the bus. how is that conservative. How how is what's what. How is joe biden moving.
The Cave of Time
"reddit" Discussed on The Cave of Time
"That conservative. While is the overall. I mean i. I would doubt that if we look at this in the future ten years now five years from now. We know that obama. Oh deported more. People than trump did we know way mar people so i would think that you know that kind of thing will stay. He'll keep deporting. Just as many people i mean he'll do it in a different way and he'll be able to more because people won't be criticizing well he's also. I didn't have on my list. But he's granting legal status to something like eleven million currently is a eight year prothesis and shit. Yeah yeah yeah so. We can box that all on immigration. I'm happy to do that. We won't do that on separate things so that the muslim ban quote unquote resend. So so i'll get. I'll give it to you but for now. I think it's like well. Let's wait and see so like he's coming out of the gate pretty liberal pretty strong. We're going to increase the number of immigrants. It seems like i don't think that's true. I think he knows that i kind. I kind of think it's true. And i will definitely take you giving it to me. I'm going to highlight that for me. Yes so like. I think i think we knows. And with the brain knows that like because of covid there is no out of immigration right. Now it's just not and so it's not much for him to say yeah. Yeah like the country's open welcome all immigrants. They come anyways right later. Could totally be like yeah. you know. we're actually only accepting this. Because he hasn't put any number on anything he's just saying. In general. the policy is more immigrants. okay well. i'm happy that you gave it to me. And we'll move on prioritizing non white americans. Kobe nineteen vaccinations again. So this is something that trump would have done as well like. Trump would not have come what we know. He would not prioritize white. He certainly wouldn't have prioritized wait. I agree with that. I agree with ya. And so like if he's not prioritizing white americans what's going to happen he's gonna send the vaccines to the states. The states that are going to have pro depends on the state advertise. Oh okay. where's all the population. The majority of the population is what new york california. They were going to prioritize. Yeah sure but this is federal. Like i'm not even sure he gets to prioritize. I'm not even sure he's a control of who gets the vaccines the number of vaccines given out over over the states is going to be much more than what they don't even have. Federal like health policy had federal worming and wiggling right now. And that's fine. I don't know the details of his because he's like you can you. Can you can watch videos of him saying that. He's going to prioritize everybody but white straight males for covid nineteen vaccine play. But what what where. I was hoping that you were going to go was like it's very conservative. Because there's probably you know Tracking chips in these vaccinations. There's there shellfish in these vaccinations that are gonna kill people. So he's trying to save the white race strong area in mail trying to think that's a little besieges but i mean if you're if you're anti vaccine those people tend to be. It wouldn't be a problem for them. They're like yeah. Let the let the black because it's because it's currently three two one. I'm happy to wash. That will wash that one. Okay so And this isn't just my opinion. I wrote this down but war. With north korea. Syria iran a of middle eastern countries. And he has reported about syria and a couple of other countries. That biden is rethinking and he's actually sending more troops to countries that trump withdrew troops from. How is this conservative. The ninety i'm not talking about neoconservative but go on Well i mean that's like that's all. I'm not splitting hairs. No conservative neoconservative very different. I mean so then like under your definition like george. Bush is not conservative. he's in some ways and he's not in other ways. Yeah yeah i mean. We haven't had a conservative president then in the last few decades just to be gracious as i can be fine. Let's include me as war. Not conservative. like a cabbie liberal going to war cannot be liberal polish. How how is war fiscally conservative. How wore liberal in anyway. The fiscally or or culturally or socially any if okay if people in libya allowed to have anal sex in the streets. This is a problem. And we to firebomb them and now going to war. This is not what he's going to war for going to war to fight what al qaeda wasn't in fucking that's how that's how these people are oppressed like they're not they're not allowed to the candidate merge if they can't have gay marriage women can't drive women aren't allowed to drive. Oh why can't they drive jason. Because they're fucking stupid muslims. That's why so they need to be young enough. Not saying this job. Why is saying this is the album. The algorithms don't kit algorithm algorithms. Don't care about your feelings. Now he's saying this is anti muslim. This is this is racist. These are racist. Terrible wars jason. You're gonna fight against people of color you're sending white people to murder people of color liberal now we're sending united coalition of lgbtq. I plus plus to us three squared and and lionel straight white men. Yeah well i mean no really the arche. The patriarchy were literally fighting the patriarchy in iran in iraq and afghanistan. The patriarch is says. We're literally riffs. We're flying the lgbtq. I plus plus three s four five squared on the planes. That are bombing. Them you think love rainbow flags on the planes and black leggings stickers. Do you think they'll literally i think they will. I think they'll pilots. Will put black lives matter stickers on the bombs they dropped to afghanistan. I would be surprised if it doesn't happen at least once. In joe biden. Lillard be biden's war machine but this is not the like you cannot say this liberal thing to do like this is. This is either a neo conservative. Okay one know if. I have to take on the neo conservatives. Take on the neo liberals but this would also be neoliberal. Wouldn't it no. Like like firebombing iraq with a with a gay pride sticker on the plane is neo-liberal like you think. There's a difference. Between the difference we conservatism neo-conservatism. Then there's also difference between liberalism and neoliberalism. this is certainly not a progressive move is not a liberal move. It's in the sense that it will be sold to the progressive as liberating the people from going to war is surely the more progressive move and like so like ramping up. War is surely way for people are getting tossed from rooftops and you know. Visible minorities are getting lynch. There's some genocide the a single like progressive pundit who who wants more war what y- you're more into politics especially on the left than i am but like i can't i can't i can't think of one mainstream one that doesn't like progressive progressive. So like you think. I mean what are we talking about. T y t you want to go to war. Does jimmy door want to go to war. Does well jimmy doors michael trade. Does he want to give me during. Michael tracy are so fringe. You're talking to you talking. About like richard spencer niklas. Okay okay okay okay. What about tytypk. Y t t y t is. Ty t. is like pretty fringe to talking about cnn msnbc..
The Cave of Time
"reddit" Discussed on The Cave of Time
The Cave of Time
"reddit" Discussed on The Cave of Time
"Absolutely i got i got don't know is dow diana. I'm wrong update supplied on. Whoa thank you. Four chemist x five for the for the follow. Mike seven problems doppler. Your back. you're okay all right. Let me ask.
The Cave of Time
"reddit" Discussed on The Cave of Time
"Alongside al qaeda and the islamic state kind of weird. We'll go on. I'm just. I'm just looking. I'm trying to understand. Like i don't understand how you think don't get out of there'd be no it's a direct quote i condemn all white supremacists. I condemn the proud boys. I don't know much about the proud boys. But i condemn that. Well you got to stand for something or you'll fall. I condemn the proud boys. That's like not taken out of context. There's a quote. I condemn the proud boys. End quote your. I don't know much about them. But i i know i don't took oh my goodness yeah. I mean this is this. Let's go to controversial. See if there's anything fucking interesting ever hear even surge by controversial anymore. I i never use i. It looks like you can't. What's so you can't so like if you here's what we'll do. We'll go to go to that proud boys article and this is the thing like i happen. So there's a lot of comments in here with the fuck lost the proud boys article. Am i blind right now. I gotta i change because we are in the month so let me go back to the month. Yeah i see okay. I'm not the article now. So if you go to like well i mean. Look at the talk here. It was the first question we have any idea how large the continue to proud boys in canada. I can't speak to any actual membership. But they definitely have a ton of support back in the eastern ontario. Like a frightening amount. There i i don't know how to use right. I'm clicking on comments. But i'm not seeing any comments others view entire discussion. Okay i need to you need comments and then you need a quick view and just okay anyways i. I'm i'm i'm with you now. I'm with you now. Go on founders canadian. This is true but he's been living in the united states as a self stupid so fucking terrible comments. Let's switch it to controversial controversial. Comments is the only comments read. They're the only ones or three and you'll see removed by moderator removed by monitoring remove removed removed removed remove. Oh shit yeah. This bill is is what is indicating and then we've got. Canada has a long history of destroying fascists. Be proud to be canadian. You just prove their terrorists. What's the side supremacy terrorism shooting. Osc safety concern we need. We need to start that way. You're breaking up a little. We need to start that way. It's just like you can see all the anything that would have stood up or supported the proud boys or whatever it's gone it's all been erased. It's one hundred percent raise nuns. All that's left. Is you know the people who are fighting back against that. Yeah like it's crazy only remove if we go back to. Let's try this something else in our canada. Go anta and then we'll just what's on their today. We're if we're on hot. What's hot and canada today over. Nineteen in my monterrey's canada's canada's new approach to china must do more than just make us feel good. Yeah okay. why don't we look at that. That's that's trending. This is in the comments. I mean you might be able to see like in real time people. So i don't know we're looking at bass comments best comments or is the worst comments. Let's look at controversial comments and isn't the future shooting ourselves in the foot so yanks like self-defeating this do you kind of broke up there. You still there are frozen on my screen to my internet connection is good. It's got the the neon green Color on my ob so this is all you right now. Hopefully this won't last too long. Because i have nothing planned for you. Not being part of the stream. You're the guy you got all the information But we will do is do. We always do and for the regular listeners. You know what we're about to do. I am literally sifting through sifting through my archive of Of of of of music of random. Music. and what we're gonna do is. I'm kind of. I've wanted to throw caution in the wind. I've kinda morning to play copyrighted songs songs. That will get us a flag. Actually you know what this is a pretty good song right now. I don't know what's going on with mike. I'll try to get them back on the line. This is by devin tracy. It's a mashup formidable psycho. Slipknot and oh.
The Cave of Time
"reddit" Discussed on The Cave of Time
"On twitter. There's a i know you can follow users. Read it on twitter. It's a lot more focused on bad and so lot more streamlined on following individuals. And what they are saying on any given day. Yeah yes so like on reddit. You can follow like topics for and communities in communities and like things friend within those communities and yeah so i think This i mean if you don't know what read it is i like. I don't know how you use the internet like. I don't know what's going on. You're like most people who to should have at least my idea what it is. I'm gonna send this video over to you. Jason this is made guy may see gp or cpg gray gray. We just turn my phone speaker down there. Everybody just started that pop off audio. Sure if you're familiar with this youtuber. He's kind of like an educator style short video guy actually really like content like a lot of it. I think is absolutely excellent. But i wanted to play this for you. This is eight years ago and it just for the friend who's been a form your own opinion of it. But i think this will be a good place to start okay and the little bit of ads going through your audio there. But i'm going to pull that out for them. You get to go with that. Yeah yeah so. We're starting all right during zero right now. The internet read. It is the gateway to everything interesting going on in the world checking ready dot. Com is like reading the daily newspaper except that read. It is timely interactive personalized participatory horrifyingly absorbing times and basically. Good the way it works. Is that people submit links to read it blog posts or images or videos and other people vote those links up or down. It's a simple idea but it makes red into list of the best stuff that people are reading or watching on the internet right now. The name is a contraction of read. It as in. I already read it on reddit which you spend significant time on the site what you'll say to everyone who tries to show you anything. It's kind of awesome curse. Because there are no editors read it. You never know what you're going to find but you can bet it's going to be funny or interesting or enraging because thousands of other people have already voted that it's something to see. Think of it. This way. If google is where you go to search for things then read is where you go to see the things that people have found but read it is not just one list of stuff read it is a beautiful facto with sections called sub. Reddit if you like just politics or programming or funny image captions or sports world news. There are some bread. It's that list only at stuff and there's going to be a sub reddit for your city or country or region level tv show that ended years ago. There's a sub reddit where people are still talking about it. As though it just aired techniques have their technology and flagged vessel and the chancer interested in something that doesn't yet exist. Just press a button and a new sub. Reddit is born each sub. It works just like the main page. A constantly updating list of interesting stuff according to the people interested in that stuff and when sub reddit grows large it can be terrifyingly good at this. For example a section devoted to adorable is a global twenty four hour a day battle to find the cutest images ever turns out if you give people with animal photos a place to have their baby. Animal photos compete. The result is the highest density of cuba's human civilization has created but without editors running the site. How does that sorting process work. There's no time to get into the code but you can think of it like this links. People submit our balloons floating up and down the list when someone votes up. Lincoln adds a bit of helium and down. Vote sucks out a little bit of helium pausing at oh two because i don't want to get a copyright strike Well that's not entirely true. Is it on reddit. I believe that down. Votes also can have a positive effect on the algorithm on. Especially if you click the controversial tab. Yeah so this is from seven years ago. I think a lot of that. She changed about right in the second half of the video when he gets into it. You'll notice that a lot more. You'll like well that's not at all okay. Okay so we're going to keep on going at two. Oh two starting now. Luckily you read it puts weights on all of the balloons giving newer links. That show up leader a chance to compete against the ones that have been around longer. This method is shockingly good at sorting stuff via international politics or pictures of computer. Setups of course when website covers the whole of human endeavor. Get weird like severance. For only photos of birds with arms only photos of hitler with socks and then there are always the other kinds of voters that humans like to look at and sometimes collections of horrifying things that cannot be unseen so this has taken a turn for the worse but remember read. It can be weird not because read. It is weird but because humans are weird and the great thing about it is that it changes to suit you as you join sub reddit. You like and leave those. You don't the main page becomes yours listing all the best stuff from all the separates you follow and leaving out stuff from the ones you don't so read. It is a lot like life. It is what you make it but links are only the tip of the red berg because people can discuss the links and this is where the true heart of read it lies most forums on the internet are hideous but read it into grandma's bulletin board just as that balloon sort method finds the best links. There's some math. That's more complicated and less explainable. That finds the most interesting comments in a discussion and brings them to the top and read it displeased comments in a way that encourages back and forth discussions. Unlike some other comments on this sorting and threading means that the discussion of lincoln read. It is always more interesting than the link itself so there are some reddit that are nothing but discussions such as changed my view for debates or ask. Scientists were experts. Answer questions or there's a where people say what they are. I am a fireman. Or i am an escort door. I'm a prison guard. An answer questions from the comments and because people are anonymous discussions are way more interesting and open than if people were forced to use their real names though with anonymity. You'll find that not everyone's private thoughts exposed are beautiful and sometimes it can be uncomfortable to see what the faceless group thinks about a topic but luckily read. It has a way to deal with comments. You think are unhelpful. And despite people who act badly it's clear that read it can only exist because the majority of people even when anonymous are good but this anonymity isn't required however so you'll also find actors authors presidents and prime ministers all on reddit answering questions from the community and right it really is a community with its own culture and history that increasingly has an effect on the physical world with things like meeting in person and raising money for charity and defending the internet and helping a family with their sick child and holding the world's largest secret santa and sending teachers the supplies they need with its rapid fire. Democracy and shockingly quick reactions can sometimes make you feel more like a citizen of the internet then citizen of your own country but in the end it's hard to understand it without just jumping in and commenting and voting which you really should once you get the hang of the blaze. You'll wonder how you ever internet without a glowing review the low interview. Yeah so we're going to cut that now. That was a cgp gray on on on the youtube with four point six three million subscribers. Yeah and so. I mean this is like kind of the overly optimistic if you notice the date on the video that seven years ago now that that was put out and Overly optimistic take on read. It ought to scrape thing. It's so wonderful. It's like my interactive newspaper. And i get all the only the most greatest best as things go to the talk and you know even though there's some bad actors on their jason. We have a tool for them. It's called the download button and you know just like the crowd will take care of it right like we won't. We won't have to worry about bad people on read it. Everything will be fine. It'll be nice place for us all to express our opinions and free speech. I don't know what's behind what's behind this curtain of sarcasm been honored lately jason but it doesn't swinney more So over the last like five years Read it. I mean i guess they always had moderators.