36 Burst results for "Second Component"
A highlight from LST1 Introduction The Letters of St. Therese of Lisieux with Fr. Timothy Gallagher Podcast
"Discerninghearts .com in cooperation with the Oblates of the Virgin Mary presents The Letters of Saint Therese of Lisieux with Father Timothy Gallagher. Father Gallagher is a member of the Oblates of the Virgin Mary, a religious community dedicated to retreats and spiritual direction according to the spiritual of exercises Saint Ignatius of Loyola. He is featured on several series found on the Eternal Word television network. He is also author of numerous books on the spiritual teachings of Saint Ignatius of Loyola and the Venerable Bruno Lanteri, founder of the Oblates of the Virgin Mary, as well as other works focused on aspects of the spiritual life. The Letters of Saint Therese of Lisieux with Father Timothy Gallagher. I'm your host, Chris McGregor. Welcome, Father Gallagher. Thank you, Chris. Always good to be here. Talk to us about Saint Therese. What is the little flower to you? One thing I've noticed if you look at the writings of most people when they write or speak about Therese, they always start with how they first encountered Therese. If you look at Dorothy Day's book on Therese, for example, that's the way she begins, but you see this as kind of a pattern. In my own case it's very simple. This was before I entered the seminary and at a certain point, I'm a reader, I love to read, and resolved that I probably should do some spiritual reading, a little reluctantly because what I really like are stories and those sorts of things. Maybe it was Lent, I don't recall, but I remember going to a shelf bookcase with spiritual books, going through them, not really being drawn to anything, and then I saw this title that said, Story of a Soul, and it was the word story that caught my attention because I love stories. So I thought, well, maybe that'll be a little easier to read than some of the others. I began reading it and immediately fell in since then, very much at the origins of the process that led to entering the seminary. After theological studies, perhaps having read the basic sources, it felt like something done and kind of there, but more recently has opened up in a wonderful way again that leads to what we're doing now, and a rereading of the sources and amplifying that reading, and just coming to see in a new way the remarkable figure that she is. And so that's what leads us to do this now. You know, it was Pope Saint Pius X who called her the greatest saint of modern times, and I think we can easily not agreement at that now, declared a doctor. There's so much there. So I have the feeling that as we dive into this huge sea that is the life and teaching and writings of Saint Therese, that you can't go wrong. You know, wherever you enter, there's always going to be richness. You know, it strikes me that some of our listeners may be thinking, what's Father Gallagher? And he's an expert on Ignatian spirituality, and yet they may not realize that there's a heavy Carmelite influence in the Oblates of the Virgin Mary through the spirituality and the life of their father. But it's not a real push to see where in the charism of the Oblates of the Virgin Mary, this calling, as it were, to also come to a ability to be able to communicate aspects of that Carmelite living. Does that make sense? Sure. Yeah. I mean, as I mentioned, I initially came to her before I even knew Venerable Bruno. But once I entered and got to know him well, I discovered, exactly as you said, that he was essentially Ignatian but not exclusively Ignatian. And you do see a lovely Carmelite component. For example, as he is approaching his ordination to the priesthood, you see amongst his spiritual proposals the plan to read in its entirety the writings of Saint Teresa of Avila. Also familiar with Saint John of the Cross, of course, Saint Therese comes after his lifetime. So that component is very much there. What is contemplative, what involves growth in prayer and deep prayer, and the kind of things that lie at the heart of the Carmelite vocation, all of that is very real in him, not only in his learning but very much in his own experience as well in his own prayer. It's so fascinating that, as you said, Pope Saint Pius X would say that she is, again, one of the most significant, one of the most important saints of the 20th century that she would be. At a time and era where the family has been so much under attack, the fact that this little flower can bloom in a garden of a family, as it were, that they themselves have become saints, not only her mother and father, but it looks as though her sisters are on their way in this area of the cause of canonization. Well, the cause of her sister Leonie, who would have seemed a very unlikely candidate of all the sisters, the most unlikely candidate for sanctity, that cause is underway now. She's the servant of God, Leonie Martin. And yes, there is a movement to try to promote the cause of the other sisters as well. In God's time, we'll see where all of that goes. But you have a family which is very much built on faith, on the search for holiness, on love for the church, on the desire to respond to God's vocation, in which all the members strengthen each other. And you see that in the letters that we'll be looking at. And of course, you see it in Therese's deep gratitude to her parents and her love for her sisters. Their family is simply a remarkable witness to a family as a family. It's the kind of family everyone would hope for, where there's a deep unity and bond and love between the members, and not only the immediate family, but also with the more extended family, very specifically Therese's aunt and uncle and their two daughters. And you see the great love there amongst all of them. You can go through all of the letters, and that's two volumes, 1 ,300 pages. And all you will see is there are times when there are some disagreements about this decision or that decision. You see some of that. But enveloping everything and underlying everything and above everything, what you see is a deeply united and loving family. It's a beautiful witness to the family, very much. The letters of Saint Therese are absolutely remarkable. If you are a devotee of the story of the soul, that in itself can sustain you for a lifetime. But letters the give us a fullness, a beautiful, rich imagery. And I say this in all reverence, but a more complete picture of Therese, doesn't it? Well, as you've said, Chris, I think it's obvious that the real center to get to know Therese is the story of the soul. That's the real heart of it. And then around that, there are other primary sources as well. What's called her last conversations, where her sisters and some of the others in the convent recorded her sayings and doings in her last months. The book entitled Therese by those who knew her, which is a large extract of the witnesses that were given on the diocesan level as her cause for canonization was begun. So these were people speaking out of their own personal recollections of Therese, about Therese. If you want to have there a real richness as well. But our initial focus will be the letters, probably because they don't get cited all that much, you know. We may have the feeling that looking at passages in the story of the soul, which we'll get to, that this is familiar territory. The letters might be less so. It does take a little bit of energy and persistence, I'd say, to read them because it is fairly lengthy, but they are remarkably well done, amply annotated with very helpful footnotes, with introductions. So they are a very rich resource to take the next step. The first step would be the story of a soul, but if a person wants to take the next step, then the letters would be the next step. There is a remarkable heritage that we've received from the lives of the saints through their letters. I think of the letters of, of course, Teresa of Avilot, Ignatius of Loyola, but we've seen through the letters of Venerable Bruno Lanteri, the letters of St. Elizabeth of the Trinity. The list could go on and on, and I have to say the letters of Catherine of Siena. When you read those, you get a real sense of the friendships, the, the family relationships, their interaction with those around them and with the world, don't you? Soon -to -be Saint John Henry Newman says at one point in his writings that his sense of the best way to get to know a person is not through a biography, but through reading the person's letters. And I think, as is generally true, he is right on the mark, and generally true of what, I'll call him, St. John Henry Newman says he is, I think, right on the mark. Today, I suppose, we do this more digitally, but if you were to take a selection of 30, 50 emails of a correspondence between two friends or two family members or two people who love the Lord and whom, you know, sanctity is evident, you would get, with a great immediacy, you would get a feel for the person. And that's what you get here with Therese. Now, there are qualities about her letters that I'll just mention one now. As I read through them over a number of months, it dawned on me after a while, all of these letters are other -centered. Just, it's remarkable. This is not a woman who is writing because she needs to write for her own sake. But you look at all of these letters, commemorations of family members' birthdays, encouragement to her father after she's left home, and she knows he's suffering her loss, and her sister, Celine, who is caring for her father and his illness. It's remarkable that we think of her as the one who practiced love, a very loving person, which she certainly is. If you want to get a concrete feel for that, of course, after the story of the soul, you can just read these letters. You know, most of us, when we write emails or letters, there'll be something that's a bit self -centered. I don't want to criticize that too much. Our friends, family members do want to know. But we may have some complaints here or there or be unhappy about something here or there, be angry about something here or there. In Therese, the one thing that you see is love. And after you go through this, after a while, a vision arises of, if this woman who is writing this way so consistently in every relationship that you see portrayed in the letters, lived this way within her community, her presence must have been a very beautiful thing. If she lived, there's no question that she did, but what you see when she spontaneously expresses what's in her heart in the letters, if that's what was in her heart as she actually interacted with the people with whom she shared life day by day, for us, we can think of our families or workplaces or parishes, then you get the image of what love can really mean in very ordinary, humble, concrete ways, as we'll see.
Fresh update on "second component" discussed on Simply Bitcoin
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we covered Elizabeth Warren's proposed digital asset anti-money laundering act right now it's not going to pass but it is gaining steam she got nine new senators to sponsor the bill and this bill would include like we said the other day focusing on so so called un-hosted wallets right two components to that un-hosted that makes it seem rhetoric wording is very powerful un-hosted that makes it seem like hosted is the norm and un-hosted is not normal right so it that worrying is very very very and it's purposeful and it's in again they do it in a way so that if you're uninformed if you're part of the general public you're like oh it's an un-hosted wallet that must be bad right it basically means look if you take self-custody you have an un-hosted wallet that's what that means right anyways so this document would essentially there this this this bill is passed it would force KYC and anti-money laundering requirements to digital asset wallet providers miners and validators Pierre Richard said that this would kill the Bitcoin mining industry in the US and that is on purpose it goes on to say the document aims to take action against non custodial or un-hosted crypto wallets which are described as software or hardware that facilitates the storage of public and private keys that's right ladies and gentlemen writing down 12 words and storing it on a hardware wallet is dangerous that's what they're trying to tell you but you have to zoom out why are they saying it's dangerous well we'll get to it the book the sovereign individual has an amazing passage and they describe exactly why governments and nation-states believe it's dangerous anyways here is the United Nations sorry and not the United Nations the European Union and it looks like they're heading kind of in the same direction it's not as bad as the proposed bill by Elizabeth Warren however it did pass so what am I talking about I'm talking about the EU Parliament passed DAC8 crypto service providers will have to report all transaction information on EU clients the DAC8 law designed to amend the EU directive on administrative cooperation mandates crypto asset service proprietors to report transactions involving EU clients to the blocks tax authorities 535 members voted in favor of the bill with only 57 votes against it and 60 absentees EU member states now have until December 31st 2025 to implement the rules which are set to officially take effect on January 1st 2026 quote the proposed directive identifies two types of entities that would be obliged to report information to the local authorities crypto asset providers any legal person or undertaking whose professional activity is the the provision of one or more crypto asset services to third parties the definition as used in DAC8 is the same as that of MICA remember the MICA laws was the laws that Christine Lagarde Optis ex-girlfriend the head of the European Central Bank mentioned by name that she was excited she was very excited that it would pass and of course the European Central Bank is also pushing hard you know what Central Bank digital currencies it goes on to say crypto asset operators a provider of crypto asset services other than a crypto asset service provider these operators do not fall within the scope of MICA these entities categories as reported crypto asset service writers must comply with DAC's reporting requirements if they have users within the EU regardless of their size or location and here are the requirements name address TIN identification number and global legal entity name address TIN member state of residence date date and place of birth reportable crypto assets full names of the crypto assets and their type amounts paid or received from exchange crypto assets for fiat currencies number of such transactions value of crypto assets transfers to here it is again unhosted distributed ledger addresses it is not a coincidence that in Europe and the United States in in terms of bill wording the wording is exactly the same that is not a coincidence anyways reported retail payment transactions so I mean goes on to say the new surveillance law does not seem to affect self-custody solutions their users and developers an amendment is proposed to article 16 to clarify that the information exchange under DAC can be used for purposes other than tax including any measures covered under article 2 1 5 which deals with the imposition of economic sanctions by the EU on third parties right so basically look if you live in a country that the European Union has economic sanctions against I guess what they're saying is that you can't send Bitcoin to a person in that country even though that person might have nothing to do with the government right so while all of this is happening in the background is the push for central bank digital currencies and also the push for IDs worldwide so here's an article by zero hedge or I think originally it came out on the epoch times and it says g20 announces plan to impose digital currencies and IDs worldwide the group of 20 leaders have agreed to plan to eventually impose digital currencies and digital IDs on their respective population despite fears that the government will use them to monitor their people's spending and crush and crush dissent connect it with the Russell brand thing connect it with the Russell branding they're already doing that and you want and people and they want you to trust them with CBDCs and again coincidentally in the in the European Union they're passing you know what I would say anti Bitcoin regulation and in the u.s.
A highlight from The Chopping Block: Will Warren of 0x on Its Settlement With the CFTC - Ep. 546
"I think basically been no agency that has offered really complete clarity about how crypto ought to be regulated. And it's not as though this is an impossible task. If you look around the world at other first world countries that have robust regulatory regimes, there's a lot of clarity in different places, which shows that it can be done. Not a dividend, it's a tale of two quants. Now, your losses are on someone else's balance sheet. Generally speaking, aircrafts are kind of pointless anyways. I'm in the trading firms who are very involved. DeFi protocols are the antidote to this problem. Hello everybody, welcome to The Chopping Block. Every couple of weeks, we get together and give the industry insiders perspective on the crypto topics of the day. This week, we're running a little bit short. I think it's actually, because it's conference season, people are getting sick. You might be able to hear, my voice is a little bit sickly right now. So we've got a skeleton crew today, but we've got a very interesting guest that's gonna keep things very lively. So quick intro is first we've got Tom, the DeFi Maven and Master of Memes. Joining us, special guests, we have Will Warren, Lord of Liquidity at 0x Labs. And you've got myself, I'm a see the head hype man at Dragonfly. So we are early stage investors in crypto, but I want to caveat that nothing we say here is investment advice, legal advice, or even life advice. Please see ChoppingBlock .xyz for more disclosures. So Will, it's great to have you on the show. For those of you who don't know, Tom and Will actually have, there's a lot of backstory here in the relationship between Matcha, the 0x settlement that we're gonna be talking about today. And Tom, Tom, do you want to go into that a little bit? What the origin story is here? I feel like that sounded somewhat nefarious or something like that. I know there's a whole backstory. It might be. I was an early employee at 0x and I was a product lead there for two years, worked on two different versions of the protocol and worked on the aggregator product, which turned into 0x API and later Matcha. So Will and I have known each other for a while. We are actually just catching up about some of the 0x mafia and the other 0x employees who are now doing cool stuff in crypto. So I'm excited to have him on today. So actually, Will, why don't you quickly explain what is 0x for those people who are sort of coming in, who only really know NFTs or whatever it is, who are not from the 2017 era. Explain to us what is 0x. Yeah, absolutely. So 0x is a protocol for exchanging ERC -20 tokens in a peer -to -peer way. It was one of the kind of first systems designed on top of Ethereum where there was kind of an off -chain component and an on -chain component. 0x protocol specifically specifies in order format or swapping one ERC -20 token for another and all of the kind of parameters associated with that trade. And this order can then be ingested within a Spark contract on the Ethereum blockchain to settle a trade atomically between two parties. Got it. And tell us as well about Matcha and how that fits into the suite of products under 0x. Yeah, absolutely. So a lot has changed over the years. So yeah, we've been around for seven years at this point. My co -founder Amir and I started working on 0x back in late 2016. And in the early years, and this was a really exciting time, this was when Tom was leading product, we were really focused on building a protocol. So an open protocol that anyone can build on top of, anyone can create their own ERC -20 token marketplace on top of the protocol, build like a front -end user experience on top of it. And over the years, we got closer and closer to end users and building the things that they need. And we started shifting our focus from building this unopinionated piece of public infrastructure for swapping tokens to also building a hosted service on top of it called 0xSwapAPI. And the swap API is basically giving developers exactly what they wanted and needed. They wanted to focus on building their consumer product. They wanted a simple way to support swapping between different assets within that product. And they didn't want to have to deal with smart contracts and all the complexity that comes with it. So our swap API is just a way to very easily kind of plug in an API that kind of looks and behaves similar to others they've worked with in the past, developers have worked with in the past, and it aggregates liquidity across a hundred different decentralized exchanges, most of them probably familiar with. And ultimately, as we kind of worked our way up the stack and got closer and closer to the end user, we started building Matcha, which is a consumer product and a front -end interface at matcha .xyz. And this is essentially a front -end that sits on top of our APIs. And you can think of it as like a search engine for tokens and liquidity. So it's a DEX aggregator. I think people who are familiar with one inch or I guess Uniswap X soon to be also a DEX aggregator of some kind. It's funny, actually, when I first got into crypto and when I first came into space full time in 2017, the first meetup I ever went to was an SF meetup. I think it was like off meetup .com, but it was like, literally, I just like Googled crypto meetups in San Francisco. It was a presentation by 0x. And I remember there was this big, I think it was you, and there was a slide deck that was like, everything is gonna be tokenized. And in the future, there's gonna be a billion tokens and a laundromat's gonna have a token and this country's gonna have a token. And I was like, wow, we're fucking going places. This industry is amazing. And it was a very different time, obviously. There was a degree of bullishness that has waxed and waned over time with respect to the tokenization story.
A highlight from 1260. Stand With Crypto! | DO THIS NOW Before It's Too Late!
"All right, so we've got a lot happening in the area of regulation, and one of the things we'll be covering today is talking about Coinbase and their whole Stand With Crypto campaign. You guys are going to like this one, and it will also help you guys make your step into supporting the crypto events that are happening and, of course, the regulation itself. My name is Paul Baron. Welcome back to Tech Path. All right, so let's get into it today. I want to go into a couple of topics. This is all going to be about Coinbase and what they're doing to essentially fight for our rights to basically own and operate crypto. But before we get started, I do want to thank our sponsor, and today that is Tangem. If you guys are looking at doing self -custody, this is one of the tools you can do it with. They have a really interesting concept around self -custody. One of course, it's an NFC card. It has an app related to it, and it's very easy to use. So make sure and check out their website. If you go and decide to get one of these wallets, make sure and get the new card. This one comes out in October. There's a lot of new features and benefits. Check their Twitter for a lot of the updates. But you do get that one, and you can get the additional discount by just using our link down below. So make sure and check that out. It does help the channel out. All right, so let's get into a couple of topics today. One of the points I want to hit on is this right here, is that with regulatory scenarios really starting to heat up, the SEC has basically put out another shot across the bow, saying crypto chiefs now warns more charges coming to exchanges. And a couple of things that I think we have to be aware of is just how much the SEC is doing right now in terms of the major exchanges. The major exchanges, obviously we know about Coinbase and Binance. But what others are they trying to go into? Will we start to see actions in everything from KuCoin, etc., to potentially cause some more challenges in the exchange wars against the SEC? And the other aspect that you have to think about on this is the component around the regulation. All of this regulation is brewing now. We are in the heat of a lot of regulation coming up. In fact, right here, if you look at Patrick McHenry's website, I'll show you guys some of the bills that are going in front of a vote right now. The Power of the Mint Act, CBDC Anti -Surveillance State Act, and the Digital Dollar Prevention Act. This is basically all anti -CBDC. All of this, of course, will be going in for votes very quickly. We're going to try to do a video for you guys to cover this and give you the results of this as it starts to resolve here. So lots happening there around legislation. Now with legislation comes you and me going out and really letting our state representatives, our congressmen and women understand our position. I think one of the tools that I have found that is pretty effective is what Coinbase has done. So it's a call to action mobilizing 52 million crypto owners into an army of 1 million advocates for change. And I think if we get that many advocates for change and create enough awareness, I think this is definitely a significant program. Now what they've done is they're going after some key states here. And this will be Arizona, California, Georgia, Illinois, New Hampshire, Nevada, Ohio, and Pennsylvania, and of course, Wisconsin. These are key states in all of the primaries. And of course, in most cases, contribute a lot toward the potential next president. So this is a big deal of where this is going to be going on stand with crypto. So earlier this year, they took this research project on 87 percent of Americans believe the financial system needs changing. OK, I would agree with that. 51 percent of Americans believe that America's financial system does not work fairly for everyone. And I think that would make sense based on just the demographic cut that we're already starting to see. And then 63 percent of crypto owners agree that the system unfairly favors powerful interest. That I think has been all about the evolution of what's happened here in America, especially on the business interest side. Forty percent of those who own digital assets do not do so to remit money across borders to help family members. So this is another thing that a lot of people are utilizing this to really handle their everyday function of just being able to support families outside the United States. This is a big deal. 72 percent of the 18 to 34 is believe crypto gives people direct control over their money. This is another area that is going to be very interesting for a lot of our lawmakers. And the reason is because when you look at the 18 to 34, this essentially is the next demographic that's going to run the country. It's also the next demographic that is going to do most of the powerful purchasing for companies etc. We talked to a lot of brands and this is a big category in terms of demographic. 52 million Americans own crypto. There's some of the data that they pulled from this research. Five times more than own an EV. That's pretty interesting.
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.
A highlight from AI Today Podcast: Trustworthy AI Series: AI System Transparency
"The AI Today podcast, produced by Cognolytica, cuts through the hype and noise to identify what is really happening now in the world of artificial intelligence. Learn about emerging AI trends, technologies, and use cases from Cognolytica analysts and guest experts. Hello, and welcome to the AI Today podcast. I'm your host, Blanche Mills, our Catholic is out at the moment. In this podcast today, we've been talking a lot about various topics around trustworthy AI, and we're in the midst of a trustworthy AI series, where we're going through the various different layers and levels of trustworthy AI, because there's a lot to consider when we're thinking about AI systems, well, that we can trust. Now if you're listening to AI Today for the first time, know that we've been around now, we're going to be heading into our seventh season very soon. Actually, we're already in our seventh season, what am I saying? I can't even believe it, sometimes it's been seven seasons, past our sixth anniversary, sometimes it's confusing. It's been sixth anniversary, back in September, now we're in our seventh season, anyway. What we are doing is we have a bunch of different series going on for our AI Today podcast listeners. We have our glossary series, where we've been going over various terms that you may want to know around AI, and big data, and some stuff around ethical AI, and even some things around pilots and projects and how we run them. That's actually going to be coming to an end fairly soon, we've gone through pretty much all the topics, a lot of the stuff that we cover in our CPMAI training, which is our cognitive project management for AI. It's a training and certification on running AI and machine learning projects, and if you're going to go to cpmai .com or you can look up CPMAI and hopefully be redirected to our site on that. But we are also in the midst, as mentioned, of our trustworthy AI series, where they're going through the various different layers and levels of trustworthy AI, from ethical, to responsible, to transparent, to governed, to explainable, and we're even going to touch on some of the laws that are changing in this space, and some of the things you may need to know about making all this work. And then we're also doing a generative AI series, generative AI has really captured the imagination and the attention of so many of you, and we would be remiss if we didn't spend a lot of time on it, because we didn't want to just do one or two podcast episodes or even touch at it at the very basic level, which everybody's doing. We really want to focus on how do we make generative AI work? How do we truly make it work for us and our projects? How do we get around some of the problems? How do we use it as a tool? So if you aren't already listening to our generative AI series, I really hope you tune in and listen to that, and that's going on as well. So today's in podcast, part of the reason why I'm introducing this is actually a little bit of an excerpt from our trustworthy AI workshops, and some of the stuff we do in our CPMAI Plus -E, it's our Plus -E ethical training, certification and training that we do that's in conjunction with our project management, because it's like, how do we actually make our systems trustworthy? And in today's podcast, we're going to be focusing on one of the layers of trustworthy AI, and that's around AI system transparency, which is giving us visibility into the various different components and systems of the AI solution, because the more visibility we have, the more we can trust it. The problem with AI, of course, is a lot of it's a black box, but even if you look beyond just the algorithm, because that's actually not the part of AI we're going to be talking about today. It's not the explainable part. It's more about knowing what data has gone in to make the AI systems work, how we've gone about selecting it, how we use it, all the methods and processes, because the more you share, the more people will trust. It's very hard to say, it's an AI system, just trust me. I think people are learning that that's not the case. So hopefully you gain some great insight, and you can hear from Kathleen and myself on the details here on AI system transparency. So this brings us to the next layer of trustworthy AI, which is around transparency. So as mentioned, let's say we've successfully handled the issues of ethical AI at that ethical layer responsible and AI at the responsible layer, how do we make sure that people can trust our systems because we're going to give them some more visibility into them? So let's get into that.
A highlight from Telit Cinterion keeps Cyber-Criminals relentless search to find an IoT entry-point on susceptible technology at bay! Part 2, Podcast
"Hello, this is Don Witt with the Channel Daily News from telecom reseller. And today we had the privilege of speaking with Neil Bosworth. He is the head of vertical segments and IoT products at Telecinturium. How are you doing today, Neil? I'm fine. Thank you very much, Don. And thank you very much for having me on your, your fantastic podcast series. I, I really appreciate it. And our listeners are going to be all ears when we start talking about our IoT subject today. So let's go ahead and get started with part two of the podcast. Neil, how does remote management play into the IoT security? Maybe you can give us a little example. Yeah, I'd be happy to do that. When it comes to remote management, it's important to first understand its purpose. Unlike traditional enterprise IT systems, IoT devices are dispersed and they lack physical supervision or onsite technicians. You know, the guys in white coats that do routine tests and repairs. And these decentralized systems have multiple computational points spread across potentially vast geographical areas. In a sense, the fundamental role of IoT could be generalized as remote monitoring and control. Therefore, remote management could be seen as monitoring and control of the remote monitoring and control system, or maybe an IoT system for the IoT system, right? And clearly you can't have this never -ending loop. So it's essential to consider remote management as an integral component of the wider IoT solution. Another key consideration is the longevity of IoT systems. So while enterprise IT systems often go through hardware upgrade programs, IoT devices, especially edge devices, which is the thing, may remain in place for 10 years or more. And this poses a challenge as technology evolves rapidly and the cyber villains constantly seek new vulnerabilities. As time goes by, IoT hardware might just become outdated and this could potentially expose security risks. And furthermore, IoT devices are physically exposed. So sometimes even located in people's homes. And this opens the door for our cyber rogues to tinker with these devices and exploit their weaknesses. So remote management tools must perform supervisory and maintenance tasks, just like in corporate IT systems. However, they face the added complexity of dealing with geographic dispersion across diverse radio networks and all sorts of radio standards, and while interacting with the thing that's often a resource -constrained device. So what are the tasks that remote managements need to address in IoT systems? Well, firstly, they need to securely distribute authorized firmware updates to devices, you know, to address performance enhancements, adjustments due to network evolution and crucial security patches to address possible vulnerabilities in the edge devices. They need to detect abnormalities in the behavior of edge devices, identifying any abnormal patterns that could include potential security breaches or operational issues like weak signal strength or something like this. Then the remote management tools need to perform updates to digital identities. We're talking about the security keys and the credentials and, excuse me, doing this at scale and often in the form of digital certificates. And this ensures that the devices maintain secure access and authentication throughout their lifetime. And finally, the remote management tools need to coordinate cloud integration, allowing seamless connectivity and data exchange between the cloud and the edge devices. So managing a system comprised of multiple remote assets is a complicated task for remote management. It really must seamlessly integrate with all the various layers mentioned earlier to ensure the overall IoT system functions smoothly and securely. This is basically, you know, for organizations, they have a lot to think about. So how can they really actually ensure that the IoT network networks are secure while utilizing the remote management devices themselves? Yeah, that's great. Well, I don't know where you lived on, but the more windows or doors you have within your house to hide the risk of unauthorized intrusion, right? I'm going to start boarding them up right now. Well, I can say securing your house by breaking over all the doors and windows, it may be super secure, but clearly it's not practical. And in a similar vein, remote management in IoT introduces both opportunities and challenges. Remote management involves distributing your central system and granting access to your data. And while it's essential for keeping your IoT devices up to date and functioning optimally, it also presents a potential entry point for security threats, right? And that's why it's imperative to ensure that remote management itself is adequately protected within the broader IoT architecture. And it's important to remember that remote management is not a standalone solution. It relies on a suitable architecture system design and the configuration of the whole IoT system. So when considering an IoT solution, businesses must make a decision. Will they develop their own remote management system or invest in a third -party solution? Now, if you choose to implement your own remote management solution, it's crucial to align with established standards and incorporate security modules that's being assessed by the security ecosystem. And a popular standard for remote management is Lightway 10 to M, which provides a secure foundation based on best practices and state -of -the -art protocols.
A highlight from 1256. $300 Billion Coming To Bitcoin ETF w/Mark Yusko
"All right, so welcome in today. We're going to be diving into topics around ETFs and also what is happening with the SEC in terms of their enforcement actions and some of the things they've been doing that could be causing a slowdown in innovation for blockchain. We'll break into all this good stuff today. I think you'll like it. My name is Paul Baron. Welcome back in to Tech Path. Joining me today is a regular guest, one that I think you guys all love, and that is Mr. Marc Usko coming in from Morgan Creek Capital. Great to have you on the show today. No, great to be with you, Paul, as always, and happy Friday. It's going to be a good one, Marc. Let's first of all get into a few things. I want to lead off the show with a tweet from James Seyfert, who is one of the Bloomberg analysts on ETFs. He does a really good breakdown. He's been on our show before. There's some dates to watch here. We've got middle of October, next major days to watch. October 16th with Global, and then also October 7th. And then you've got all these scenarios playing out right here with iShares, which of course is BlackRock. I'll zoom in on that a little bit so you guys can see it. Second deadline coming up on 10 -17, and then a slew right there on that same day. First of all, I want to get your opinion on, do you think that this October is when the SEC might actually give us an early Christmas present? Or are you just going to get pushed again? No, look, I'm 50 -50 at this point. So I do think more tricks than treats for anyone who's 10 -17 date. So any decision before that date, I think is a negative decision. I'm not sure it'll be an outright denial, but will definitely be an extension and a push. And then we come to the big dog. I believe, and I've said multiple times, that BlackRock will be the first one. I've actually been saying that for over a year. I actually might even go stronger and say, oh, that'll never happen. That would be too much corruption. Well, I'm just saying it's certainly possible. What's probably more likely is BlackRock first, and then a gap, and then some number of others. But the thing is, whoever's first is going to get the vast majority of assets. Vast majority. Well, first mover is always going to be taking. I mean, that's just like the gold ETF, kind of the same kind of scenario. Yeah. The gold ETF is an example with GLD. You had the Bitcoin futures ETF with Bitto getting 98 % and then a couple others getting like 1 % each. So that's just my belief. And I believe it's who you know in this game, not what you know. There are a lot of people who have should gotten approved. The Winklevoss twins were the first to apply. They should have gotten approved. There was no reason not to approve it other than, again, kind of the way the game is played and the people in charge want to be in charge. So any new disruptive players I think are unlikely. Cathie Wood partnered with one of our companies, portfolio Amun, to do 21 shares. That looked like a great application ding pushed out. I think Bitwise is a day ahead of iShares on 10 .16 as much as I would love it. Again, portfolio company, full disclosure. I would love for them to get approved. I just don't think it's going to happen. Again, I don't think it'll be denied. I just think they'll be pushed. And here's why I'm 50 -50, Paul, to answer the question. I think they could approve on the 17th, but I don't think they will. I think they'll push it into next year. So you push 90 days. That gets you into January. January 15th. Yeah. You could push again then into March, April. But that's it. Then you have to approve. Now, what's interesting is we have this little thing called the halving coming up in mid -April of 24. And so it would be an interesting alignment of stars. But I said, could they pull the trigger on BlackRock in a month? Yeah, they could. Yeah. All right. Well, with that and to your point, the third deadline, just so everybody can put it on your calendar out there, you've got January 15th for BlackRock and then moving in all the way into March, what we're going to discuss there. March would be an interesting timing. I think you're right, because obviously the halving right there on the cusp of that, along with maybe a little bit of lightening the load in terms of inflation, because I feel like we're going to continue to see some inflation hits through the end of the year. What is your thought on how the inflation numbers came in this week and how the Fed might react? I don't think the Fed cares about gasoline prices, quite honestly, Paul. All this little blip is gasoline prices, all of it. I think most of the other components were actually negative. And the gasoline prices are because Saudi has decided to go a different direction. We had a very hunky dory relationship with Saudi from 1973 till now. And that's clearly over, right? The big guy went over to Saudi right before the election last year and tried to get them to pump more to get oil prices down and gasoline prices down, because there's this inverse correlation between presidential popularity and gas prices. And they basically said pound sand. And so he came down, he came in and said, well, this is a convenient decision to get gasoline prices down. Guess what happened? Democrats did pretty well in the election. And because there's no way out for that now, though. I mean, there's no way. Now we have an empty SPR. And the thing is, we can't fill it up ourselves because, and again, not to get too technical, but there's, there's light sweet crude, which we produce and a number of other places, Nigeria and others produce. And then there's heavy sour crude, more sulfur content, because we cut this deal with the Saudis in the seventies, we built all of our refining inventory infrastructure, sorry, around processing heavy sour. Yeah. Well, here's the problem. If now Saudi is going to sell their heavy sour to China and Russia and other places, and we're not going to get as much of it, what are we going to do? Well, we've got to build new refineries or retrofit the refiner. It turns out no one wants a new refinery in their backyard. Yeah. I think I'm right. It's been like 30 years since we built a refinery. It turns out they spit out, you know, pollutants and things like that. So nobody really wants one around. We all like driving cars by the way. And and living our lives and, you know, Oh, well, you know, we can, we can stop using oil. No, we can't. Nothing you do every, I mean, everything you do every day, the vast majority of it is powered by oil and gas, the vast majority. And yeah, you say you could get an electric car, but where'd the steel in that car come from? Did they make a little electricity? No. How about the plastics? Nope. Oil. So it's just, it's kind of comical when I hear we're going to, you know, outlaw fossil fuels, but back to the inflation number I think this might not be temporary in the sense that Saudi announced, they're going to do a voluntary cut. Why? Cause they're just sticking the knife in a little bit deeper because they're like, all right guys, you said you were going to refill the SPR. You didn't do it. Oil prices were all the way down in the sixties. Could have easily done it for sure. Now oil prices are in the nineties. Yeah. We're going to hit a hundred bucks a barrel for sure. How does this, okay. So when you look at that Mark and you look at an election year coming in, you've got all this pressure from the macro side, including most likely jobs market getting a lot stiffer. Companies starting to really get some pressure on. We had bankruptcies at the highest point ever. We've had a very long period of time for independent companies. This does not look like a rosy picture. Where do you think we come out of this in relationship to the timing of the havening, a Bitcoin ETF, maybe into next summer? How far into 2024 do you think this happens? So I believe the ETF will be approved sometime around year end, whether it's in early January or December, sometime in that timeframe. And I think that will pave the way for a very large influx of capital. I know you've had Eric on the show about Eunice and he does this great work, right? I mean, there's 30 trillion with a T 30 trillion. Remember 1 trillion is a dollar every second for 31 ,710 years, but 30 trillion is going to come into, or that's the total amount of money managed by RIAAs and others that is not allowed at this point for whatever silly reason to own Bitcoin. And they can't own GBTC and they can't own Bitcoin miners and they've called a timeout. Well, once there's an ETF, particularly if it's an ETF that BlackRock runs, there are going to be no excuse and they're all going to have to approve it. Their clients have been asking for it. I would say I have a family harmony account at UBS. They let me buy what I want to buy. And they're like, no. So I think all that goes away. And I think Eric's number is, let's say one 10th of 1 % comes in. That's 30 billion. Well, but wait, 30 billion on 500 billion. That's not that much. Well, no, it's not 500 billion. 400 billion of the 500 billion of Bitcoin's market cap doesn't really trade. It's either locked up like the Satoshi wallet or the Winklevoss wallet or, you know, hodlers that just said, you know, take it out of my cold, dead hands. It's only about a hundred billion that is the free float to borrow a TradFi term. And so 30 billion on 100, that will move the price. But I don't think it's going to be 10 basis points. I think it's 1%. I think you have to do 1%. As a fiduciary, if you got, you know, 50 % in equities at some of the highest valuations in history, and you got another 30 % in bonds, which have had the first two negative years in the history of the bond market, 140 years of history, two negative years, looking pretty ugly. And you got this asset that is the best performing asset again, 11 of the 14 years that Bitcoin has been alive. It's been the best performing asset of all assets. It's the best performing asset then this year. Yeah. Eric hit on his prediction about 150 billion in terms of market impact. Do you like that number or do you think that he's still like it? Well, again, I think 150 billion would be half a percent, right? Instead of 10 basis points. And it looks like he's updated his, his thoughts. I'll go further and say 1 % seems more likely that'd be 300 billion, 300 billion on a hundred billion of free float price goes up a lot, a lot, a lot. And here's the, the interesting thing, Paul, is the way halvings work is the fair value increases. So we've got a tailwind that the fair value today based on Metcalfe's law model that Tim Peterson runs and that I think is fantastic, says that the fair value is somewhere in the low fifties, 52, 53, let's just call it 50. So at the halving, fair value doubles. What do you mean, Mark? What are you talking about? Well, think about it. The miners who secure the network, their costs are fixed, mining machines and electricity. So if their block rewards, the number of rewards that they're paid to secure the network gets cut in half and the price doesn't move, then they're out of business. So there's a built in mechanism to move the price higher, which is actually really interesting because that attracts attention because there's movement. And so long story short, fair value, every halving added has a zero. So we went from a hundred to a thousand, then we went from a thousand to 10 ,000. Now we go from 10 ,000 to a hundred thousand. So a fair value is a hundred thousand and we're trading at 26. It's a pretty rapid increase to fair value, I think, as investors buy things that are below fair value. But then what happens in the post fall halving, you get this parabolic blow off top. And in the previous cycle, fair value was around 30K. We got all the way to 69. That was because there was too much leverage and too much gambling and speculating. I don't think we go 2X this time or two and a half X this time. Could we get one and a half X? Sure. That gives about 150K, something like that. Yeah. Well, that is OK. So that's very intriguing. If you're if you're estimating this could be in the 300 billion dollar area, you know, for based on, you know, just the exposure to these funds and obviously how that might play out. How do you think retail response to this? Do you think retail is going to come in like a banshee coming in on this with a lot of now what would be legitimized ETFs? How do you think they play? Again, it's I've been saying this for five years. My hashtag get off zero zero is the wrong number, right? This is a truly unique diversifying asset that must be in everyone's portfolio. Doesn't have to be your whole portfolio. I never said that. It should be at least one percent.
A highlight from These Altcoins Are In Big Trouble! (Major Token Unlocks) | *How To Profit*
"We're talking about token unlocks today very misunderstood in crypto people hear the word token unlock and they start to seize up They get all nervous tense. They think prices are going to dump but in today's video I want to explain the upcoming token unlocks that we actually have hitting the market and I want to take an analytical look a deep dive into how this could actually affect the market because I have gone through the data and Have a pretty concrete idea of how different unlocks actually end up affecting price And of course, it's going to create so many trading opportunities for you on the long side on the short side But also if you're a long -term accumulator of tokens, you know with you know, pretty steep vesting schedules this can present huge opportunities So I think it's gonna be a pretty valuable show and if you do enjoy more educational style content like this Make sure to smash the thumbs up button So I'm gonna use this week to contextualize the current state of unlocks in the market over the course of this week We have six major unlocks comprising around 80 million dollars worth of Capital that is coming onto the market ape with 11 % of their supply is the main one You've got Lido at point 2 % of their supply as a secondary one You've got Aptos as well with 2 % sweat tokens flow talk with tokens and EUL all hitting the market now There's an amazing website that I think you should be using basically every single week to keep on top of the token unlocks and it's called token app unlocks so token unlocks dot they're not sponsoring the show It's just an application that I personally use to stay on top of the unlocks And what it shows you is the unlocks as you can see in the right There's a corresponding column which shows you the date that an unlock takes place It shows you all the unlocks in the market the percentage of their supply that is dumping and where the supply is coming from Super valuable information now We're hitting a very critical inflection point when it comes to crypto unlocks because many of the tokens in the market are now Starting to mature and we typically know that when projects structure their token omics They tend to skew the more steep part of their cliffs for the mid one to two year period Of the project or the tokens existence So what we're seeing now with a lot of projects that were launching in 2020 2021 When the bull market vibes are on and there was lots of funding coming into the market a lot of those projects And now starting to hit their mid supply curve. For example, you've got dy dx with significant unlocks You've got eight coin with significant unlocks optimism with significant unlocks all these claims that are unlocking significant percentages of their supplies Tend to launch in that 2020 to 2021 period and because that was the bull market you have a lot of tokens during that period That were laying out their vesting schedules and this of course has huge ramifications for the prices of these tokens And as I said starts to create trading opportunities off the back of that So how do token unlocks actually affect price in the market? Is it an instant death sentence for a token that causes a huge dump or is there this kind of phenomenon called a bullish unlock? Which ends up meaning an unlock is fully priced into the market Well, there's data that when I looked into this actually was pretty unexpected to me That kind of gives you a good scope of what actually happens when there's a token unlock So I'm gonna read through the research here large crypto token unlocks drive price lower within two weeks research suggests So let's talk about this right now new research by analytics firm The Thai shows coins on average and they've looked through all the major unlock coins over the last few years Declined in the lead -up to the event of the actual unlock However, when the liquidity freed up represented more than 100 % of the average daily volume Prices quickly recovered only to fall deeper within two weeks following the unlock and we're going to get into this with real examples in a second So what they're saying here is that when the amount of liquidity? exceeds the amount of the average daily trading volume that you can get simply by going on coin gecko for example if we want to Work out the trading volume of ape we search up a coin and we can see here The daily trading volume is 63 million if the unlock for ape actually exceeds this amount of 63 million then they affirm that prices quickly recover But then they fall deeper within two weeks following the unlock and this firm has gone through 350 ,000 individual token on the unlocks to come up with this data Let's look at this graph and talk about what it means because I believe it's one of the biggest pieces of alpha I've found in the market honestly in the last week because unlocks are everywhere every token you're likely buying or selling has an unlock This is how crypto tokens fund themselves. They unlock onto the market They sell this enables them to generate liquidity for their treasury this enables them to to incentivize advisors market makers Etc without dumping their price by launching all at once now There are some tokens like uni what for example which have executed fair launches Which means well basically they launch all at once and then they're 100 % of their tokens are in supply This can work but for projects that are trying to bring on investors. It obviously doesn't make sense So most of the bigger projects in the market with big VC backing do have unlocks because this is how VCs are able to Recoup their initial investment without hurting the token price too much in the short term But as you'll see in a second it actually ends up hurting the price in the long term in cases where the unlock Represented more than 100 % of average daily volume as we just asserted prices tend to rebound faster But only for a brief period this could be attributed to traders feeling relieved that the unlock did not flood the market with new tokens Immediately within Nonetheless two weeks prices of tokens facing such significant unlocks fell below their initial levels at the time of the unlock this may suggest that holders preferred to wait a few days before selling into the market this essentially Debunks the bullish unlock theory. So there's this theory floating around in the market that token unlocks are bullish And yes in a bull market when liquidity is running rampant and people are you know? Ramping onto crypto and speculating into coins and money's flowing in Oftentimes unlocks are bullish because the market in general is bullish, right? But in neutral periods and bearish periods and just on average across all periods which should you know Get rid of those extremities on the highs and the extremities on the lows It does tend to negatively impact price and this is a major misconception in the market that has been like statistically debunked now Through this report that tokens actually perform worse out of unlocks I mean who would have thought right but this is what happens if this is the math that we see here So this graph which I think is just pure alpha shows the unlocks by size shows the average normalized price of a token Let's say like a dollar and ten cents and shows based on the volume Representative of the token versus the unlock size how it performs and we can see what we saw from large Tokens which are tokens where the unlock outweighs their trading volume So it's bigger than their trading volume these large tokens tend to bounce So this zero period is the amount of days post unlock they tend to bounce in price But then two weeks later start to correct and this isn't just one example as I said This is taking three hundred fifty thousand tokens and analyzing it Now the interesting thing is the small section and the aggregate section shows that smaller unlocks So unlocks all like small size that aren't outpacing, you know The average daily trading volume this tends to bottom out on the unlock date and then they tend to recover in the weeks following so What this tells us is the size of the unlock? Dictates the price action of the unlock So if an unlock is really big it tends to bounce a lot quicker because investors start feeling relieved Like think about the psychological component here But then the real weight of the selling pressure starts to impact on the market and then over the next couple weeks You start to see the real impact start to hit whereas with smaller unlocks So unlocks which don't outweigh the average daily volume It tends to actually bottom out just before and on the unlock date But you don't see that huge bounce that huge bullish unlock, you know phenomenon that we see you see a slow Grind up a slow recovery and then sometime after that, you know You may see a decline but 20 days after the event that should give us like a rough scope of how an unlock affects the market Alright, let's go practical now Let's look at some of the major unlocks in the market and let's learn how to actually make money using Token unlock so looking through the market what you should do is you should identify Tokens that you're interested in because unlocks as I said, they create opportunities in the short term They also create opportunities in the long term You can go through the list and work out which tokens you're interested in trading like you've got dy dx here You've got ape you've got optimism If you're interested in stacking these there definitely is opportunities to get in during these windows where you see these massive declines and based on The size of the unlock that is going to dictate when you actually choose to get in So a token that has a bigger unlock for example like an apron optimism You may choose to wait for a bit of a bleed and then get in get in around the 15 to 20 day mark Whereas with a smaller unlock as you can see, there are some really tiny ones like Lido is pretty small Uni is pretty small these unlocks can basically Rebound are slowly over time post unlock and make the actual unlock date or just before the unlock date where some of the bearishness is Being priced in that can be an opportunity to accumulate So the token unlocks app does an amazing job of actually doing full reports on all coins So I want to give you a bit of alpha here If you go onto the website and you click on the insights tab now some are paid But some are free if you click on the insights tab, you can scroll down and actually view Individual token unlock reports and this is alpha especially if you're interested in Accumulating any of these tokens or trading any of these tokens It gives you like a great summary of what they anticipate is going to happen with price based on previous prices For example on the ape coin unlock here You can see that in March they did a hundred and thirty four point eight million dollar unlock in September They have an equal unlock and then in April through to August. It was a much smaller unlock So when you're analyzing the ape coin Price performance you wouldn't want to compare this week's unlock with an April unlock because it's just so much bigger, right? It makes more sense to compare the September unlock with the March unlock So what you can do is you can scroll down and you can see well if we go back to March How did price actually react to the unlock? Well, it had a small pump in and then it bled then it had a rally and then it bled again So you can start to look at what the previous unlocks of similar size actually did in the market And the ape coin unlocks do line up with this phenomenon that we're seeing from the token research here You can see we get pumps into the unlock then it bleeds And then we see that rally into the next unlock and this happened basically every unlock We saw the pump then it bleeds and then it pumps again. So we know what the phenomenon is Assuming that the unlock was big which I know it was for ape versus its trading volume We know that they they actually pump into the unlock and then their big dump happens over the next couple months We can see this exhibited multiple times on the ape coin chart here. So that's why this token unlock section is so powerful So if you do want to trade like any old coin, of course and take advantage of the strategy I want to give you a reminder that if you're looking for a Dex look no further than G trade a Decentralized permissionless protocol that allows you to trade and they also have a function one -click trading So literally trade with one click on a variety of trading pairs. So all coins Bitcoin Ethereum commodities They Forex have as well So if you want to trade anything on a Dex and of course keep self custody of your own assets Which is so important in crypto and still get the benefit of being able to use leverage and set a stop -loss and take profit Of course and set limit orders short long, whatever you want to do. Um, you can do so on G trade across polygon or arbitrum There's a link in the description to check it out thought I would mention that because yeah A lot of these tokens that I'm discussing today's video They are available on Dex's like G trade to actually trade if you're taking more of the short -term angle now I want to take more of the long -term angle and look at how can you take advantage of unlocks if you're bullish on a token? So let's say you you scroll through the list. You're bullish on Optimism you're bullish on sui and you want to accumulate long -term. How can you use these events to position yourself? Long -term and get better entry opportunities for your long -term portfolio So for investors typically the weeks following a big unlock are a great place to buy the tokens if you're bullish on the long -term prospects of the token Especially if you do see that phenomenon where it sells for two to three weeks after the unlock Especially in a bearish environment like this all coins a lot of them versus their PTC pairs are bleeding Bitcoin is a little bit shaky. The market is relatively apathetic So these unlocks are starting to affect the market more in these conditions So the effects of unlocks are always based on the market conditions in which the unlocks take place and in this market You will see some of these sell -offs that we've been discussing be slightly more severe And because of this these can give you great buying opportunities So I recommend scroll through the list look at if there's a token with a big unlock and start to just pinpoint the dates on Your trading view so you can literally go on to trading view. Let's say, you know, we want to Set a date for optimism. What you can do is click on your trading list You can search up optimism and you can start putting in these Vertical lines which indicate when the next major unlock is happening So if we go on to token unlocks we scroll down We see optimism has a major unlock in 17 days on the 30th of September We can map out the 30th of September on our chart by using one of these vertical lines as we can see here Okay we put it in on the 30th and now we have a red line which shows us when the unlock happens and What you can do is you can kind of track where the price starts to falter In the two to three week period following this unlock that would then be potentially a decent zone for you to buy if you can map confluence with your Horizontal levels and you can do this for any altcoin so if you do see let's say the token price do what happens with these big unlocks typically and Pump afterwards and then start to bleed then you can look to accumulate in this period here if you get good Horizontal confluence so that is one strategy that you can use faults that is more from an investor standpoint If you want to short you can definitely take advantage of shorting these pumps if they happen post unlock and you can also map that Out with your confluence So let's say it pumps into this area and you're seeing like a major resistance in this zone and then it starts to come under You get a bearish underside retest and then it starts to roll over Well, this could be your short entry on the retest to get in such as one example Like very basic of how you can use this but token unlocks from an investor and a trader standpoint Are very very valuable and what you can also do alongside just basic ta is actually use momentum indicators So let's use the optimism example again You can go onto an application like Kyber AI which is like your ultimate AI on chain trading platform Click on optimism and see what the momentum is like for the coin at that time If you start to see after two weeks the token pump and then start to roll over a little bit and you're looking for let's You can look at the Kyber score and see if the bullish momentum of that token is starting to tick into the bearish territory So you might see the last like for Kyber scores coming bullish and then you might see the momentum starting to tick bearish Using their on chain analysis function when that starts to happen Which is likely indicative of cells outpacing buys on chain The on chain indicators can tell you first before the centralized exchanges catch up whether that altcoin is starting to get bearish Momentum and that can be a great peak data point for consulates to get into a short setup and Similarly after an unlock takes place if you want to buy optimism long term But you want to be a bit more picky with your entry then you can do the same thing You look for bearish momentum tick into bullish momentum like it's exhibiting right now And if that maps up with our net buyers starting to position themselves on chain Then that can give you an indicator alongside an uptick in trading volume that you should be getting in So always look for momentum shifts in crypto and this can help you get better entries So if you don't want to use Kyber AI for any of that, there's a link in the description We have an early access pass for people that want to use that link. You do need to get approved. I'm sorry It's not instant approval But I promise you it's worth the wait because it's been an amazing application and I want to thank them for partnering with the show Because yeah, it's an application that I regularly use in my trading But I thought I'd just mention it in the context of this video Because it's super relevant for using an application like this to help you get entries. So pretty much with unlocks there there is like a lot of nuance, but what you need to know is Have your finger on the pulse in terms of tracking them Make sure to utilize the reports at your disposal through an application like token unlocks. There are free ones There are paid ones if you don't want to pay that's completely fine Like they're not a sponsor of the show or anything You can kind of use this framework for mapping volume versus the size of the unlock and if it fits within this Of course, it's not going to happen like this every time but on aggregate if you trade, you know Based on this assumption then on average you'll probably end up ahead given the fact there's a sample size here of three hundred and fifty thousand Given, you know, they've done extensive research. So obviously sometimes there are outliers Sometimes the project might announce news before an unlock to pump the price Sometimes the market will just react differently due to like a switch in market conditions But generally if you follow the blueprint you will come out ahead in the long term Market conditions do play a huge factor in a bullish market unlocks are like always the best buying Opportunities in a bear market unlocks are often the best shorting opportunities because you have to consider the weight that some of these unlocks can have on the market when the buyers are apathetic because when buyers don't want to step in and protect price and you have additional supply dumping in a bear market that is a Recipe for disaster a lot of the time but in a bull market that's often a recipe for buying the dip So you probably want to take the short side more than the long side in a bear market And you want to take the long side more than the short side in a bull market So important to wrap your head around that concept Bitcoin actually has quite a bit of overhang. I'm speaking about Bitcoin for a second They've got the US government Silk Road Bitcoin. They've got the Mt. Gox Bitcoin or they've got the FTX Bitcoin as well Which is going to be start to be liquidated soon So there is a fair bit of supply overhang in general if we could continue to see bearish market conditions And we do get some of these like unlocked overhangs, you know Just supply increases hitting the market then that could be a reason that Bitcoin starts to correct but given the fact we're heading into 2024 when we've got like major catalysts like the Bitcoin spot ETF You know the ETH ETF the Bitcoin halving potential rate cut rate cuts on the horizon those all can be opportunities To take advantage of the unlocks in the meantime So when you know the destination it becomes easy to play the game in the short to medium term If you're a long -term investor, so just thought I would add that as well in the context of Bitcoin, too So yeah, maybe we went with a bearish tile today Figured out what my thumbnail is but if it is just know it can be bearish on but it also can be bullish and hopefully this video can act as a bit of a framework for you to be able to contextualize and then apply or token unlock trading to your own trading stuff, hopefully this video helps if it did smash the thumbs up button and subscribers in order to subscribe and of course We have a link to games if you want to trade in a decentralized manner in the description and a link to Kyber If you want to sign up to execute the AI strategy that I discussed on today's show I will see you later.
A highlight from Re-Evangelizing Britain with Calvin Robinson and Sen. Mike Lee
"We get it. You're busy. You don't have time to waste on the mainstream media. That's why Salem News Channel is here. We have hosts worth watching, actually discussing the topics that matter. Andrew Wilkow, Dinesh D 'Souza, Brandon Tatum, and more. Open debate and free speech you won't find anywhere else. We're not like the other guys. We're Salem News Channel. Watch any time on any screen for free 24 -7 at snc .tv and on local now channel 525. Hey everybody, it's the end of the Charlie Kirk show. Calvin Robinson joins us and Senator Mike Lee. A really deep and thoughtful episode texted to your friends. We talk about the law firm running Congress. It's great. And we also talk about the United Kingdom and America and the fight to reinvigorate pastors. Go to tpusa .com or tpfaith .com to get involved with TPUSA Faith. Very proud of the work the team is doing. Email us as always freedom at charliekirk .com and get involved with Turning Point USA at tpusa .com. Buckle up, everybody. Here we go. Charlie, what you've done is incredible here. Maybe Charlie Kirk is on the college campus. I want you to know we are lucky to have Charlie Kirk. Charlie Kirk's running the White House folks. I want to thank Charlie. He's an incredible guy. His spirit, his love of this country. He's done an amazing job building one of the most powerful youth organizations ever created Turning Point USA. We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country. That's why we are here. Brought to you by the loan experts I trust. Andrew and Todd at Sierra Pacific Mortgage at andrewandtodd .com. Joining us now is one of my favorite senators and just a terrific guy. Senator Lee Mike joins us. Senator, thank you for taking the time. Senator, you have a very powerful thread on Twitter that I want to speak with you about. You have this idea of the law firm Schumer McConnell McCarthy and Jeffries, the firm as you call it, that does deals in the the middle of the night and back room deals. Walk us through all this, Senator. I think it's fascinating and very important. Senator Mike Lee. Yeah, thanks for inviting me to talk about it. This is a thread that I posted on the Twitter presence that I use for my own personal musings is my at -based Mike Lee account and on that I explained how this four -person cabal within Congress, what I call up the law firm of Schumer McConnell McCarthy and Jeffries, comes together and whichever four fit in those positions, the top Republican and Democrat from the House and in the Senate, over the last decade or so they've gotten more and more powerful and they've taken it upon themselves very often to be intimately involved in the drafting of spending bills. In many cases consolidating all spending bills, there's supposed to be 12 separate bills each running a different part of government, these guys will put one together. We call that an omnibus and very often the omnibus or whatever bill they're putting together will be held back into the last possible moment until a couple of days and sometimes only hours before government funding is about to run out. Then they bring it forward to their respective caucuses, House, Senate, Republican, Democrat and say here you go, here's the bill, it's ready to go. We unfortunately don't have much time to read it, we unfortunately don't have really any time to debate it, we have almost no time left to amend it, so you basically have to take it as is and vote yes or you can vote no, but if you vote no you'll be blamed for a shutdown and we'll make sure of it. So most members vote for it. It usually has the nasty effect of unifying Democrats, nearly all Democrats jump on board because it almost always spends more money than it did last year and it peels off just enough Republicans to get it to pass and so this is how we end up 33 trillion dollars in debt. This is how it happens because of the action of the law firm and the unflinching response of far too many Republicans to say yeah I'll jump on board with that even though we're unifying Democrats, pursuing Democratic priorities for the most part and we're sharply dividing Republicans. So let's tie this into the 930 fight and you're right, what they do is they kind of hold these votes hostage that have some necessary components, funding the military, things of that nature, and then they just always you know they always will say well you know it's the lesser of two evils, we want to keep the government open. So tie this into the 930 funding fight and specifically the timing and the sequence of this omnibus as you write quote was carefully orchestrated by the firm but ensures that it will pass without any substantive changes once it becomes public and the very few elected federal lawmakers will have meaningful input in this highly secretive process. This is so dysfunctional, Senator. Walk us through how this is going to unfold in the next couple of weeks.
A highlight from Is crypto dead?
"Hello, welcome to Leisure Cast. My name is Brian Farsgaard here with the one, the only Josh Olsowich. Hey, Josh, Brian, how are you? I'm doing great. How are you doing? Good. It's hoodie season back in my natural form. This is my favorite time of year. The crowd wants to know, not because it's tax filing season, but because it is not miserably hot anymore. That's true. It was 90 upper 90s here last week. It was nuts. Oh, that's hot. Yeah. Yeah, no, I love it because the humidity calms down. Yeah. Temperature calms down. People get back from their summer breaks and maybe they start trading. I don't really care about that part. Oh, you're in the deep south because you got that gross, gross heat plus humidity. Yeah. So I need this break. I need this break. I love this season. Football is back. I know you care about that a lot. Huge fly Eagles fly. That's what they tell me to say. They say They here. played quite well last night. I did. I watched a bit of it. They did play well. Yeah, football season, playoff baseball. I mean, fall is really the greatest time. The changing of the leaves eventually. We won't get that for a little while, but we have much to be thankful for. Thanksgiving. Speaking of thankful, that's not too late. We have much to be thankful for, Josh. Bitcoin does well on Thanksgiving, historically. Well, could have fooled me this month. Look, we might be grasping at straws here, but there's not much else to talk about. Not much is going on right now. Everybody's just kind of waiting for a bunch of things. Yeah. And we're just in limbo here. You know, the old trusty 200 week is one with the price. Ethan BTC. We're just basically the average of... We're below it, though. What if this is the historic high ever for the 200 week? What if it only curls down below it forever more? That would be pretty bad. It's certainly a sign of being sideways at best when you're hovering around all the moving averages of whatever sorts you want to analyze. There's really not a lot to say on Bitcoin. I think the market is so thin in both directions that we are one headline away from a 10 % day one way or the other. Something bad goes down with an exchange that rhymes with... Finance. Let me see if I can find a word, Josh. And, you know, that's the negative 10 % day potentially. But if we get that BlackRock ETF, maybe... We're gonna be saying that for like six months. It'll just be around the corner, guys. Just wait another few weeks. BlackRock's gonna come save us, guys. Not a place we want to be, you know? The same thing with halving. You don't want to be the central focus, even though that's how it's been historically. This is no different than 2020, 2016. It's no different. It's just, you know, same stuff, different day. It's got to be boring, even in the good times. Even when there is another cycle, historically there has been. There's still loads of time that's just boring where people get sucked out of the ecosystem, lack of paying attention, etc. Hey, Josh, I want to give a shout out. Thanks, RedScrutinizer, for bringing it up early in the show. We usually mention it towards the end that Josh does videos. But Josh does videos, and you should check them out at Carpe Noctem on YouTube. Carpe Noctem. I don't know how to spell it, so I'm saying it. Yeah, that'll help. People have no clue. It's N -O -C -T -O -M? There you go. You know what I randomly looked today at our... This has turned into a podcast of a podcast, but I looked at our reviews on some podcast stream, and it was over four and a half stars. I was like, oh shit, we got... People like us? I guess so. I don't know. I will say there has been a steady crew who have watched and listened to this show for like six years. It has been six years, Josh. They've tolerated us for quite some time. 18, 19, 20, 21, 22, 23. We started in 17, so six years. Six years you've known me. I've owed you a stake for about three. It's true. That's very true. Yeah. Thanks for being here, y 'all. Appreciate you. Even when it's really boring, how can you possibly make money when it's not boring if you can't be here when it's boring? Well, look, there's two things you can do. You can learn about the tech, which might sound cliche, but I did a lot of my Bitcoin learning in 2015, 2014. You know, there's not all those damage else to do, then like to learn what the hell's going on with this stuff, right? Drink the Kool -Aid, get indoctrinated, whatever. That was the time. Look at some of these long timers in the chat, Karen, Callie. We actually met in person one time even. She's been here for most of the time since we've been recording. I like this one. I like you, but I also hate you since 2019. Thank you, Liam. We will take it. You know, the thing is we have very little agenda other than our own bags, but we're just talking about our thoughts about them here. We're not trying to convince you to buy them or sell them or anything else. We're just discussing it and y 'all are here because you decided to listen to conversation. So there's very, very, very little opportunity to be victim to our terrible words. Well, hip hop is right. The best content does come during the bear market, I think. Yeah. So anyway, back to price. Yes, I've been DCA for months. I could care less with prices. The lower it goes, the happier I get because that means I get more BTC. If it goes below 15, sure. I don't care. I'm not worried about, we've talked about this for weeks, but if we're below 15 and it's 2025, then we're in trouble. But if we're boring and oscillating between 23 and 30 for the next six months, I'm not worried about it personally. 23 and 30 would be great. This drive chain nonsense is exciting me because governance debates historically have been bullish. If nobody cares about what you do with the chain, then it's not a good chain. Sure. Yeah, I agree. The ultimate crazy shower thought is where does BlackRock, how do they vote on the fork? Are people actually talking about a fork? No, but let's say it comes to that. I'm not talking about the most likely scenario here. I'm talking about a potential scenario. I'd assume they'd vote with the miners. I'd assume they'd vote for it. I don't know. There was something in the prospectus about forks for the BlackRock ETF. I can't remember exactly what it said, but yeah, I don't know. That'd be interesting. If that comes to pass, I don't think it will, but something to think about way down the line. Yeah. Zero X, lots of vowels says ESG fork. I don't know about that. I don't know about that. Fink has really backed off the CEO of BlackRock. He's really backed off of the ESG narrative. And if anything, we're getting a lot of press on the side of Bitcoin being ESG friendly. So it's really... Grid stabilization. Yeah. It's really changed after that. I think the New York Times piece was the bottom of the dirty Bitcoin narrative potentially. I think grid stabilization has to exist though. They have to figure out how does this not just waste energy, but how does it create stability? How does it use renewables? You have to push into those things really hard because otherwise I personally feel like proof of work feels kind of pointless if it's not just work, but it's also waste. Proof of work that's not waste, I think is fine. Well, you're securing the assets. What are the values for all of the banks globally? I know, but proof of stake is also doing a pretty good job of securing the assets. Proof of stake has yet to prove itself. It hasn't been a successful proof of stake chain since existed. it's We haven't seen Ethereum proof of stake in a bull market and it hasn't done so hot so far. So it needs time to prove itself. That's all I'm saying. Look at any proof of stake coin historically, and they don't do well for whatever reason, they do not do well. I'm not saying it's not secure. I'm just saying, look, it hasn't done well. Yeah, undeniable. I'm not sure about that. Let's pull up CoinGecko. You tell me which. EOS? Has that done well? Oh, come on. I'm talking about will Ethereum do well with proof of stake? Yeah. Okay. But I'm saying we can't just assume ETH is going to do well because it's ETH. It's changed its security model. It's changed the yield component. It hasn't proven itself yet in my eyes. That's all I'm saying. Neither has Solana, neither has Tron, Cardano, Dot, Matic. All this stuff hasn't really done anything or gone anywhere. Five years ago, we had a list of other 10 proof of stake coins that didn't do anything. I maintain this philosophy of Bitcoin versus Ethereum, wherein the variability of Ethereum is okay. It does change. It does have governance adjustments, but it's still pretty Chad -like. BTC, you know what you get. It can be good, but you just know what you get. That doesn't make Ethereum bad. Alts should have higher beta to Bitcoin. They're just riskier. And that's where all the stupid stuff happens. So yeah, there's the Lido issues with these. But there's issues with every proof of stake coin. Historically, they just don't do well over time. That's all I'm saying. There's issues with miner centralization as well. Of course. But miner centralization issues are very similar to the staking centralization issues. Similar, but I wouldn't say the same. All I'm saying is if you're drinking the ETH Kool -Aid, I don't care which side of the debate you're on. I'm just saying find one proof of stake coin that does well over time. I haven't seen it. I have not seen it. Ripple doesn't count. Doge doesn't count. Litecoin doesn't count. You will, don't worry. I hope ETH is the first one. But we just haven't seen it. That's all I'm saying. Yeah. ETH BTC appears to just want to keep going droopy sideways down. I don't know if we call this a direction or not. I mean, that is a downtrend over the last year, one year of downtrend. But it's not like puke -y. You want to hear a crazy thought? Bitcoin's having will be more bullish for ETH than it will be for Bitcoin. Sure. I don't think that's that crazy. It's down 23 % in a year, ETH BTC. Relative to previous bear markets, that's not much at all. 80%. Suzanne's got time. Or I'm saying we've created some stabilization in these asset ratios. I don't know. Well, it doesn't look bullish, but it doesn't look turbo bearish. You know, it looks neutral. It looks like it's ready for lows. It doesn't look like it wants to go higher, that's for sure. But would you expect it to? It's not the coin that's getting an ETF. It's not the coin that has all the flows. ETH? Yeah. Oh, dude, the first thing you do once the Bitcoin ETF is announced is assume the ETH ETF is on the way. Right. We've talked about this, that the best news for ETH is, of course, a Bitcoin ETF. Who cares about Bitcoin, right? That's fine. I'm not going to disagree with you. But I'm saying in the moment, the flows are just not going to come to ETH first. ETH will have its day. There's no doubt ETH will be at 10K. Clip it, chat, clip it and ship it. Talk to me in 2025. ETH BTC may do super well. It may go to 0 .1. But over time, it has not done well. I do like T -Bells flip mode. ETH. I think most of the civilized universe likes T -Bells. ETH to 10K is where you lost me. Not because... Is that too low? No, no, no. Not because I was unhappy. I was euphoric. Okay. That's all I need. Just little ETH to 10K action, Josh, and sunset. We ride off into it. That's all we need. You know what else I was thinking? What's that? It's the constant thought of these institutional products. Are they going to offer a yield component? Eventually, they should. I just don't know if that's baked in to the initial applications, right? Yeah. Shouldn't probably be baked into the initial applications. Why not? What if you have BlackRock, you know, take over Lido? What a crazy thought that is, you know? It is a crazy thought. Then we really get to see how good Proof of Stake is. Yeah, I just got excited. I think we need to think like that because of the institutional influence that's clearly going to be here eventually, right? What's going to happen when OFAC compliant BlackRock takes over ETH, you know? Same thing with Bitcoin. They're buying miners. They've got influence on all sorts of stuff. Just something to think about long term. Yeah. I don't think we've really seen the wars that will exist, like have looked puny compared to the wars of the future. No, I don't think we'll have BTC staking. But I don't know. Things could get wild, right? Absolutely wild when the most important asset manager on the universe is in our backyard all of a sudden, you know? Yeah. I want to talk about the dollar. But first, there was a ruling this week where there were two dissenting opinions in crypto's favor. But I don't remember what the ruling was on. Do you remember? I thought one was for Uniswap, but that was two weeks ago. No, it was about the Stoner Cats thing. NFT stuff. As an NFT person, what are your thoughts on that? I think a lot of NFTs played like dance real close to the fire. But at the same time, I think it's really interesting and encouraging to see SEC commissioners write these dissenting opinions and making pretty direct correlations to things like Star Wars collectibles of the past. Like, for someone to purchase a Star Wars collectible and think that, okay, this might be valuable in the future is not an unreasonable thought. That does not make it a security, you know? That said, I don't know that I would say like Stoner Cats or many other NFT projects were like in perfect compliance with what they were doing, too. Like, they might have been going a little hard on the, hey, a number might go up thing versus like... They were a product of their time. Versus enjoy the cats, you know? You buy it for the quality of the art.
A highlight from On The Edge Of Something Special (The Basin)
"Hey, I'm coming to you now from the basin. This is a special bonus teaching that I recorded just for you to break it down a little more, take it a little deeper. I hope you enjoy this overflow message. Let me know. Let's go. One of the things that I'm always trying to learn though, when I'm doing coaching is with creativity specifically, how do we keep the flow going when we have moments that we're not really overthinking things and we want to stay in that moment. And I know you've had this moment before, even if you're like, I'm not a creative person. I don't write poetry or screenplays or I don't have canvases lying around in my studio. I don't have a studio. But you do. You have a studio. You're the studio. The inside of you is the studio where God who is the master artist creator is making a masterpiece out of every day. So even how you approach your day can either be creative or robotic, reactive. I believe that. And I believe that sometimes when we label something as either good, bad, many cases, right, wrong, cool, corny, we miss that thin edge where something can become special. I was in a songwriting session recently, and it was a complete joke until a moment when I said, hey, slow it down. And we were doing something real fast, almost like a jingle, like a joke, like a parody song, you know, not weird Al parody that's clever, just being stupid. And I said, slow down, slow down. And all of a sudden it went from stupid, silly, to something that was real serious and heavy. And by the end of the two days of writing, that was the favorite song that we had created of a couple of the writers. So I wish I could tell you. And that song was, you know, Reckless Love. Well, we didn't write Reckless Love and that song wasn't Reckless Love. It may not be a big song, but we definitely felt it was good. And it started with that something was really silly, right? And then at some moment we decided to slow it down. And I turned to one of my collaborators, I said, if we slow it down, this will turn into something. If we slow it down, this will turn into something. And I didn't mean slow it down and start talking and overthinking. That's usually a bad way to create a creative flow, to slow down and just overthink and start taking things apart. Usually it's better to stay in the moment. What I meant by slow it down was just slow down the tempo. Like, let's just bring it down and boom, settle into it. And all of a sudden something unlocked. So I wonder how many times in our life we have been on the verge of something special, but we told ourselves a story that it was silly. This is stupid. It doesn't matter. I wonder how many times we've been in the middle of saying something to someone and we interrupted ourselves with judgment. Here comes the psychological component. I can do it from the Bible too. Judge nothing before the appointed time. I can do it from the Bible too. I can do it from the Bible too. I can do it from the Bible from Jesus. When the woman was brought to him and they were rushing to judge her and he slowed the whole thing down and said, hold on. And he did something special and they were about to do something stupid. I could preach it from the Bible, but I just want to come at it creatively, psychologically. And tell you that sometimes you're on the verge of something special. A moment with your child, but it feels awkward. A moment with your wife, but it feels awkward. And you judge it and you go, oh, this is awkward. Oh, they might think I'm cheesy. Oh, you know, I'm probably coming across like a know -it -all. Ah, this doesn't make any sense. So you stop. I want to encourage you for moments today where you push just past that point of awkward. Hey, if something's awkward because you're being obnoxious, stop. If something's awkward because you're making somebody uncomfortable, stop. If something's awkward because you don't know how to break out of contact, stop. Or if something's silly and it needs to be serious, don't make a joke out of everything. But when you're on the verge of something and it feels like, hey, I'm in this, be careful of that pull that pulls you out of those special moments where you're tempted to judge it. When you judge it, you disrupt it. And when you disrupt it, you kill it. You kill creativity. When you categorize, I had a friend early in our church give me a piece of advice. Okay. I used to label myself as not creative. What I meant by that is pretty much I can't draw somewhere in my mind. I got the thought that creative people could draw probably in like six year old Steven said, because it was called art class and we drew and I don't like to draw and I'm not good at drawing, not technically classically. Sure. Somebody likes it. Thanks. Thanks for the support out there for all of you who are very nonjudgmental, but yeah, I got this bad habit of saying I'm not creative. I'm not creative. I'm not an artist. I'm not creative. I'm not an artist. I'm not creative. And one of the guys we were starting the church with, I turned one day and I said, I'm not creative. I'm not creative. And a few minutes later I shared an idea I had, and this is going to sound corny, but I wanted to do a little teaching in the church where I was talking about momentum and I wanted to use the different, I wish I could hold up my computer because I wanted to use the different keys on the computer, shift, return control option, and do the teaching around those different buttons. And I was saying it to him almost like, I know this is dumb, but you know I know this is stupid, but rolling my eyes at myself before I even got out of my mouth, basically projection, telling him why he wouldn't like the idea I was about to present before I even had the chance to present it, saying his no for him so he couldn't reject me. And I told him my idea and he's like, that's awesome. I love that. Now he was a designer that he did specialize in visual stuff. He looks back at me and goes, I love that. He goes, hey, and don't ever say I'm not creative again. Now remember, I'm the pastor, I'm the leader, I'm the boss in some ways, although he wasn't getting paid, but I was the boss. And he telling me what to do. So first it hit me, don't tell me what to say, but then I'm like, oh, thanks. I kept that with me. I kept that with me. He planted a seed in me. Like God told Jeremiah, do not say I'm only a youth. He said, don't say I'm not creative. You should never say that again. You're very creative. And I hear my wife say that time, I'm not creative like you. Yes, you are. Did you see the way that you just made our whole family feel with that birthday party that you did? Did you see the way you just made Valentine's Day feel special? You put out this little mailboxes and made us write all notes to each other and the boys acted like they didn't want to do it, but they'll never forget it. You made something really special here. I don't like the term you made a memory because people make their own memory out of events. We don't get to make someone else's memory, but you created space for memories to be made. And you're very creative. So don't say I'm not creative. It's just what are you creating and how do you, psychology term, constrict your creativity by rushing to judge it while it's still in process? I want you to think about that today. I'm going to carry that with me today as I move into this songwriting appointment is to not judge something before it has the chance to be special. Give it space to be special. Do that by dismissing the critic. One of my friends calls that the security guard who won't let something through because, oh, this is so stupid. But I think you'd be surprised how many times something is on the edge of special if you don't interrupt it with the judgment. All right? If you just let it unfold, try it out today, sit in the awkward moments a little longer, sit with the awkward moments with yourself a little longer, press through conversationally, breathe, see what's there on the other side of what feels silly. It might be something special. That's the title. It might be something special. Hey, I hope you enjoyed the podcast. And if you did, make sure to share it and subscribe so we can get you all of these new messages as soon as they're available. I also want to take a moment and thank all of you who are a part of Elevation. Whether you support us financially or serve with us or just share these messages is because of you that we're able to reach people all around the world. And if you want more information on how to be a part of Elevation, click the link in the description. Thanks again for listening. Make sure to leave a review, share the message and subscribe. God bless you.
A highlight from Data sanitization for the data nation, Verity ES Podcast
"This is Doug Green, and I'm the publisher of Telecom Reseller. And this is a special podcast for the ASCDI NTR publications. And I want to welcome Glenn Jacobson of Verity ES. Glenn, thank you for joining us today. Thanks for having me, Doug. And I also want to welcome Kevin Enders, also of Verity ES. Kevin, thank you for joining us. All right. Thanks, guys, for coming. And we're going to be learning a lot about ITAD today. We're going to be learning a lot about data erasure. We're going to be talking about some of the issues facing not only the ITAD and reseller community, but actually the broader reseller, possibly carry community, really everybody who has to manage or dispose of products that have had been exposed to data. So we're going to be diving into that in just a minute. But first of all, what is Verity ES? So Verity ES is a data erasure software application that was born out of a parent company called Revert Inc. Revert has been a, it's a company, the core competency is data sanitization and it's founded in 2007. They've been doing these types of services since then. And a primary foundation of that service was to perform onsite services because data sanitization is really about protecting customer information, personal, personal identifiable information. And one of the best ways to mitigate the risk of a data breach is to do everything on site. So Revert got its start doing, delivering services to large financial services companies, healthcare organizations, telcos, and other highly regulated industries that have to perform the erasure of data to meet specific standards. So for financial services, it would be something like Sarbanes -Oxley or FISMA from a healthcare perspective, you've got HIPAA high tech, and you have the various PUC rules and regulations around utilities. And by doing this on site, and over the 20 some years that Revert has been doing this, they're not only doing data sanitization, but they're also doing ITS at this position at the enterprise. So they're handling assets that go all the way up and down the information stack. So all the way from tablets and mobile phones, which are really important now in our environment after coming out of the pandemic with bringing your own device, you've got a lot of hybrid working environments, but we're hybrid cloud, public, private cloud, and how are you managing the data and the assets that are within all these different disparate data processing environments. And over these 20 years, what Revert did in doing data sanitization is again, doing this across the information stack, all the way from the desktop, laptop, all the way to the enterprise storage system, even including virtual tape libraries. And one of the things that was found is that with the proliferation of storage media, you've got spinning disk, you have flash disk, you have solid state disk. Even in printers, you have hard disk drives, you have solid state disk drives. In network devices, you have SD cards or compact flash cards. Smart TVs have built in storage, and even cell phones. So smartphones, Blackberries, they have SIM cards. All of these different storage mediums store personally identifiable information. They can store TCP IP addresses, they can store customer information. They can store account numbers, billing information. And all of this is wrapped into how do you protect this data across different industry regulations. We talked about HIPAA and high tech, but there's also European regulations, GDPR. California's new data privacy laws are based on the EU GDPR regulations. And so our business to go and sanitize those assets and either prepare those for the customer to either return to the vendor, if it's like a lease return or something like that, a technology refresh, or to pass down to an ITAD to perform their activities, we found that not one single data sanitization application worked for every single situation, every single storage medium. So what Revert ended up having to do is literally take a toolkit of all different types of commercial off -the -shelf data sanitization applications, all different types of downloadable applications, tools, utilities, methodologies, even the use of low -level SCSI and ATA commands to be able to sanitize various different types of storage media. And so again, about five years ago, the company said, you know, rather than having all these different disparate tools and processes and procedures, wouldn't it be great to develop an internal tool that could do it all itself? And that's how Verity ES was born. So Verity ES was developed to be able to handle all types of different storage media, all different types of IT assets, again, from the laptop, desktop, all the way to the enterprise storage array. It can handle disk drives coming out of printers and fax machines. It can handle smartphones and tablets and things like that. So that again, doing it on site, the assets are sanitized before they ever leave the four walls of the facility. Again, part of our business is also ITAD. So in doing the work that an ITAD does in terms of performing data sanitization, being able to, for example, grade assets based on their marketability. How do you refurbish it, remarket, resell it to maximize the residual value recovery of that asset when it's being sold? One thing that's very important is the storage media. If you're not able to sanitize the storage media that comes out of, say, a five drive server, you automatically, without those drives, the resale value of that asset automatically drops anywhere from 25 to 35%. So if you're able to sanitize the drive without doing anything else to the drive, without impacting the firmware or the specific configuration associated with that server, it maximizes the residual value recovery for the ITAD. It makes it easier for them to be able to resell those assets at its highest value. And that allows an ITAD to do that. The other thing we find with enterprises is that some of them want to do it themselves. And so Verity ES is able to actually be that one application that they can use for all of their information lifecycle assets throughout the enterprise to do it themselves. So that's where Verity ES comes from. So Kevin, it sounds like there's a sort of known unknown, as they say, and there's almost even the unknown unknown. And it's not just for ITAD. It's not just for the people in the reseller community. Glenn brought up very significantly that lots of other companies, especially enterprises, might be disposing of equipment. I was fascinated by learning how many things could be exposed. Monitors, something that was used basically for TV or videos. Printers, fax machines, possibly, I guess. It could be, or even phones. A lot of stuff that's basically... And the reason I'm bringing this up is we live at a moment when a lot of large enterprises are reconfiguring basically their office spaces, are rethinking what they need and don't need. So I know that there's a lot of stuff out there, and it sounds like there may be some landmines people could easily step on. You know, there's a lot of old, and we could spend a long time talking about those. But the overarching challenge, I think, that a lot, especially the enterprise spaces, and the ITAD to a certain degree, is this is something they have to do. Legally, they're obligated to do it. It's not really sexy. They don't really want to. They only do it because they're legally obligated to do so. We always think about when we go into the data centers, they're really obligated to do that. So if you're replacing a device with something cool and new, nobody really wants to deal with the one that's going out. So as these companies are dealing with this, they don't want to be experts on this. They don't want to know all the details associated with it. So what they need to do is to partner with somebody that does. So they need to look for a company that can provide them not only with software, but with the knowledge of what those blind spots really are. Like I said, again, they don't want to be good at this. It's really not something that's in their core wheelhouse. It's not something they can define as a differentiator to their customers. So one of those things they need to do is have a higher expectation for the companies that they're engaging with. So those companies can help them understand what those blind spots are, and either execute to close those blind spots, or help them understand how to close those blind spots themselves. Now, Kevin, with that said, this is the IT market, right? And it's filled with IT people who love doing it yourself. A lot of our readers and listeners probably started a long time ago going to Radio Shack and getting a whole bunch of components and putting together their own computer. So they're going to go out there, and they're going to do this on their own. So both you guys are basically telling me that, well, I guess you could kind of do that, but it may not be such a great idea, and you might not really be doing yourself a favor. Actually, it can be. You can execute it yourself. The challenge then becomes, right, you need all the devices, you need all the know -how. So really, if you're going to do it yourself, when you're out there engaging with a company that's going to provide you with the software to execute the process, the expectation is you should be looking for a company that can through how to execute that process. Historically, the software companies in the space will dump software on you and say, go ahead, it's yours. Let me know when I can start billing them. The expectation of those enterprise companies in the IT edge should be, listen, I need more than that. I need software, yes, but I need somebody that's going to help me understand the nuances and help me understand the things I don't know right now. Because like you said so eloquently, there's a lot of blind spots, and only one blind spot can screw you over. So again, we don't want to dissuade people from doing it themselves, but I would make the argument have an expectation of the companies you engage with that help you do it yourself, that they're going to be there to help you with the nuances associated with it. Yeah, I can just add on to that. Why that's important is because as the software was built, a lot of the expertise and know -how in having to comply with data center policies, processes, and procedures in how you perform a process and have transparency throughout the entire workflow from receiving the asset all the way through to disposition the asset, that's all built into how the software and the solution is performed. So as Kevin said, it's not only software, but it's also 20 plus years of data center experience in putting together a process and methodology and workflow that allows not only an enterprise to communicate this to their auditors, but also an ITAD to communicate to their customers who then communicate to their auditors. And then with the ITADs that have auditors themselves, whether it's R2 or e -Stewarts or ISO, et cetera, that they can have that womb to transparency and view throughout their entire workflow exactly what asset, if a drive is associated with a server, where that goes throughout the process and the standards from the data standardization that it's complied with, that's all built into the solution. And what Verity also provides is this analytics dashboard that allows commercial enterprises and ITADs to make educated decisions on what makes sense within their process to spend time on versus not. So, for example, if you have a high failure rate on a specific drive type, hey, maybe it doesn't make sense to continue to try to sanitize that. It may make sense just to shred those instead of putting more time and effort and resources and sanitizing them. That's the kind of process that we've built around the solution. So Kevin, who needs Verity ES? One of the target markets that needs Verity ES is the ITAD space. The software was developed, like we said before, around our services business. And that is very much a we got to get in, we got to get out. That maintains our markets. So with the software, we built in a lot of functionality to improve the overall performance, not only with the speed of the erasure, but the yield that the software can get. That's very critical to the ITAD space. They don't really want to do this. They want to get it done. They want to get going. They want to get the residual value out of it. The other thing that we really built into it was a big wrapper around it to help ITADs with the transparency challenges that they're seeing right now. A lot of companies that they're engaging with are demanding more transparency of the overall process. And so ITADs are being forced to think about developing an overall front to end process that they can then share with the customers from which they're taking the gear and then returning whatever they do, either the residual value or demonstrate that they've taken care of those assets once it's done. So we've built a lot of that functionality into the software, viewing it far more as a business tool than just a, this software erases hard drives, it erases solid state disks. It is really a wrap business tool. So Glenn, you know, having heard all this, I still have sort of the same question for a lot of people. Why can't I just go off and do this on my own? The beauty of Verity ES is it now enables you to do just that. Verity ES is able to you provide with a process that's been vetted in doing this type of service in the data center for over 20 years. So you now have a process that's going to enable you to not only save money because you're going to be able to optimize the amount of drives that you're going to process. It's going to allow you to optimize the number of drives that are successfully going to be sanitized and according to the standard. It's also going to allow you to make more money because if you sanitize more drives faster, you can get more assets qualified and re -marketed and resold out the door. It's going to, from a drive perspective, you're going to have more drives available to you, not only to replace in the assets that you're selling, but also that gives you a spares pool so that you don't have to go out on the open market or to the vendors to buy spare drives in case drives, assets are coming to you that need drives replaced. But the biggest thing is it's having a auditable process and the reporting and all of that information available to you through that transparent workflow. It's going to prevent a data breach, which is the biggest thing that we're trying to do is we need to ensure that person identifiable information is not compromised. It's not accessed from any unauthorized parties. The first step is to do it in the four wells of your facility. So that's why it makes sense to do it yourself. The second part of it is to make sure that software, the and it should be a given, the software actually does what it says it's going to do. It's going to sanitize those drives. It's going to erase the drives to meet a specific data sanitization standard so that you know for certain, and it's audible, it has an audit trail that supports it, that every drive that you sanitize using Veri ES in this process and workflow protects your company and your customer from a data breach, which again, it's going to protect your reputation. It's going to protect not only your company's reputation, but the reputation of your industry as well. Well Glenn and Kevin, thank you for joining me today. This has been very interesting. It's been a very nice introduction to Verity ES. I hope we're going to do more. I know we're going to do more podcasts. We're going to sort of maybe over the coming months break down some of the issues we've opened up, but for now I want to thank you. Where can we learn more about Verity ES? www .verityes .com v -e -r -i -t -y -e -s dot gov. Well again guys, thank you for joining me today and I'm looking forward to the next one. Hey, thanks a lot Doug. I really appreciate it.
Monitor Show 16:00 09-13-2023 16:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context, and context changes everything. Go to Bloomberg .com to get context. As a knee -jerk reaction when oil prices go down, they all get sold off at the same time. Energy, by the way, the best performers over the past three months. Yeah, we'll see how things shake out, and I think to Simone's point, this is kind of a market, at least right now, kind of left to its own devices, at least until next Wednesday and maybe even beyond that, so we get to the next earnings season. As for the price action today, a mixed bag with the Dow Jones Industrial Average looking like it's going to close out the day lower by about two -tenths of a percent, roughly down about 70 points. Meanwhile, the S &P 500 moving in the opposite direction, but only modestly, higher by about five points or about a tenth of a percent. The NASDAQ composite higher on the day by about three -tenths of a percent, and the Russell 2000, that's your relative underperformer of the day. It's going to close lower by about eight -tenths of a percent. Now, despite the fact that the S &P 500 did close higher by more than one -tenth of one percent, Scarlett, you actually saw fewer stocks in there advance than decline, speaks to the, of course, market cap of the mega cap tech companies that, if they're not Apple, tended to move higher today, 202 stocks in the S &P 500 moving higher, 298 today moving lower. All right, let's take a look at how the S &P 500 ended the day among its 24 industry groups. Retailers are in the lead there, up one and a half percent. That's really Amazon lifting the group as a whole. Autos and components, GM, Ford, and Tesla rising, and utilities, still that defensive bent. We saw that yesterday as well. On the downside, tech hardware, that's HP and Apple dragging that group lower. Capital goods index is really 3M in Ingersoll Rand, and then you have real estate investment trust lower by eight -tenths of one percent. All right, I got some gainers for you on the day today. JB Hunt Transportation Services, Inc. moving higher today by more than four percent.
Monitor Show 16:00 09-11-2023 16:00
"Vox is waiting, though, and the S &P 500 is much smaller. It's only about 310, so... Those are some familiar names that we see moving in the markets. Yeah, you've heard of Amazon, right? I've heard of Amazon. Apple's got this event tomorrow, and I guess Qualcomm chips are now going to be in the phones. Now, are you going to line up for the iPhone? What is it, Apple 15? iPhone 15, yeah. If I can get a chicken sandwich also. For two hours? What's the line for the Apple iPhone? Do people still line up for them? I don't know. No one... I don't think so. I don't know if that's still a thing. I don't know. I was going to make a disparaging comment, but no. Hopefully not there. No disrespect to anyone who would stand out in line for a telephone. All right, let's get the closing bells here. Your numbers here on the Dow Jones Industrial Average. Green crosses green with the Dow Jones Industrial Average up more than 80 points, or about a quarter of a percent on the day. The S &P 500 higher by 30 points, or seven -tenths of a percent. The NASDAQ going to finish the day strong, up by about a percent. The S on the back of some pretty big gains by Tesla here on the day, and the Russell 2000 not to be left behind. It is the relative laggard, but still on the green by about two -tenths of a percent. Yeah, if we take a deeper look in the S &P 500, more than 300 stocks moving higher. 302 stocks advancing. Scarlet, 197 of them declining. So Tim, you were asking rhetorically, is it all just Tesla? And when you look at the sector performances, look at that line at the top. That's autos and components. It's got about five members. Three of them are down. Ford, Aptiv, and General Motors. And two of them are higher. Tesla, up by 10%. So that accounts for that group's 8 .3 % jump. Retail is also higher. That would be Amazon. And you can see that you've got, what, five groups gaining at least 1%. On the downside, Energy taking a bit of a breather off a 1 .4%. This is a best performing group over the past three months as oil prices have slowly made their way higher. All right, let's go through some of these gainers. Maybe this will be the last time I mention Tesla in the next few minutes, but I had to put it on the board today. Finishing the day up more than 10%. Adam Jonas over at Morgan Stanley upgrading Tesla, raising his price target to $400 from $250. He says that...
A highlight from The long march from telecom to technology, CSG Podcast
"This is Doug Greenan, I'm the publisher of Telecom Reseller, and I'm very pleased to have with us today Haifa Alshkar of CSG. Haifa, thank you for joining me today. Thank you, Doug. It's great to be here. Well, I'm very excited about this topic because it sort of leads on from some of the other podcasts we've been talking about, really a topic for the whole year since MSP Expo at the beginning of the year, telecom companies moving beyond connectivity and into the role of being really a technology company. So we're going to be exploring that idea in just a minute, but Haifa, can you tell us a little bit about CSG? Well, CSG is a company that provides solutions to, really we have three business units. We have our revenue management and monetization business unit, which is wholly focused on the telecom industry. We have a customer experience business unit that focuses on multiple industries, including telecom, and we have a payments business unit. The one that's most relevant today is our telecom focus, our revenue management. We provide solutions and customer experience capabilities to telecom operators around the world. We work with some of the biggest operators, some of the most innovative operators. We probably work with most operators in one form or another, given all of our capabilities. Well, Haifa, let's dive into our topic today, which is this transformation of the telecom company from basically telecom stuff to being really a technology company, a company that comes in and provides technology or technology advice. Give me the big picture on that. Every day, we're always reporting on new technologies. Of course, we have the ongoing story of the AI revolution and also a whole bunch of other things going on, not to mention mobility too. So put that together. What does that mean in terms of, okay, I'm a telecom company, and I'm talking to my customers? So essentially, I think to put all this into context, and it's always dangerous to generalize, but most of the operators are witnessing what we call flat revenues. So revenues are hovering around one to two percent. They need to unlock new top line revenue. And to be honest, to unlock that top line revenue, they're going to have to go beyond connectivity. And while the last decade was focused on connecting consumers through social media platforms, this next decade on the back of 5G is all about connecting the ecosystems of businesses. So bringing businesses together more efficiently, more effectively. The operators are in a unique position where they have a relationship with many businesses out there. Now, part of the reason we talk about operators going beyond connectivity is to unlock new revenue. And they honestly, this whole discussion around telco to techco is mostly about becoming a platform business. And there are three lenses on that. So the first lens is one of their biggest assets is their network opening up their network to third parties, to developers to come in and leverage that network and build and innovate new capabilities. So that's one lens. The second lens is in this kind of digital dynamic era, operators need to be able to pivot fast. If you've heard some of the operators talk about their techco transition and journey, a lot of it is about being able to react, knowing that they won't know what the killer use case is going to be. They need to be able to react fast. But the third and the most important lens is about bringing technology together as turnkey solutions back to their business customers. Now, business customers today spend a lot of money. I think they spend about four and a half trillion dollars globally around the world on IT and communications. Only a third of that spend is spent on communication services. And actually the biggest growth is going to come from enterprise services and IT services and solutions. So it makes sense for operators to unlock new revenue is to look at how they can bring technology, not just internally and make themselves dynamic, but also bring it to their customers who might not have the same big R &D spend, the same big opportunity to play around with technology and are looking for solutions that will deliver business outcome. So the operators have a unique opportunity here to really drive top line revenue, but also bring together these ecosystems of third parties into solutions to offer their own customers. So I wanted to sort of pull out something you said in what you're discussing there. It struck me that you talked about how social media has become now the method of connectivity. That's how people are connected with each other and how businesses are increasingly connected with their consumers. I'll go even further. I think it's true to say, especially in some countries, social media has become actually the marketplace. It absolutely is the primary way businesses are engaging with their audiences, with their customers, with their users, and particularly given the new generation are so tech savvy, you can understand how that makes a lot of sense. I think the distinction I would draw is that essentially social media, the last decade was spent moving into YouTube and Facebook platforms and Instagrams, and we call it the SMAC, Social Mobile Analytical Cloud era, for that reason. It was around bringing all that technology and what we saw in the consumer industry was over the top players, new players, new innovations come in, and to some degree that caused disruption for the telecom operators. In this next era, when now revenues and consumer are reasonably flat, essentially if you want to grow revenue and consumer, you're taking business from someone else. There's no real white space. A lot of the focus has shifted to B2B and working in the business space for that reason. If we think about the last era as B2C and connecting consumers through social media, I like to talk about this decade, the 2020 to 2030, as the era of connecting businesses through ecosystems, collaboration, co -creating, bringing together beyond connectivity solutions. Let's talk about how that actually looks like. Let me sort of maybe draw on a couple of theoretical things that sort of look like a lot of our readers, I think. Let's say I'm a represented company in rural America. We have maybe 30, 40, 50 ,000 subscribers still buying basically landlines and maybe possibly some mobility services. But to your point, social media is now actually the marketplace. It's increasingly how businesses are talking to each other, people are talking to each other, and so on. So what do I do? How can I connect what you're calling ecosystems, business ecosystems, to what I'm selling as far as services go? Essentially, you think about those rural operators and businesses. Their customers are still consumers. In order for them to engage their customers, they need to think about how their customers are engaging through digital channels, these omni -channel experiences that we constantly talk about, shopping cart experiences. In order to provide this kind of digital engagement with their consumers, they need to digitise their businesses. So the enterprises who are dealing with these consumers, the manufacturing companies, the retailers, the farmers who are engaging, need to be able to digitise their business models. And so the opportunity now is for operators to bring digital solutions, because as an operator, if you think you're going to go and acquire every single technology out there to put together a solution, those days are long gone. And this is why today we talk about ecosystems and collaboration and co -creation, being able to attract the right sort of partners who can bring together that rich tapestry of solutions and who can create a platform back to these businesses, whether it's through contact centres and chatbots, whether it's using AI to provide next best decisioning, whether it's using AR to help with the way they provide remote support to their customers. So bringing technology, communication and turning it into a solution is really the opportunity here to help the businesses engage with their end customers. Now, all year long, we've been talking about AI. So for generative AI, where is the potential for telecom companies? Look, the potential for telecom companies in Gen AI really sits in multiple places. And I like to talk about this because I think any company who's looking at Gen AI is thinking about it from the same lens. The first lens is always how can I use Gen AI to make my internal operations more efficient, more productive and be able to do the less mundane stuff more quickly so that I can use my power to focus on innovation. And so that's typically where a lot of companies are starting. And for operators, using a Gen AI network is probably top of mind. This is where their big cap expense is. They've spent a lot of money turning a lot of that copper into more software -defined networks with fibre. And so using Gen AI to do intent -based networking, to do self -healing is of the obvious place. But the next obvious place is using it in their contact centre, using it in the way they engage with customers. And so that's really the two big areas where Gen AI helps operators. Because if you think about that contact centre, using Gen AI to help guide, to help highlight, showcase during an interaction, that's the power of Gen AI. And this may have really exploded this year, but I can tell you, many telecom operators have been leveraging and using AI and forms of generative AI for the last few years already. So Haifa, you know, with this transformation underway and also with a lot of very interesting opportunities to move out of that flatline growth you were mentioning earlier, how are you guys walking your clients through this? So at CSG, we understand right now, as I said earlier, to unlock new revenue, you're really talking about creating ecosystems with businesses, collaborating, co -creating. And we talk a lot about B2B2X. Now, B2B2X basically essentially has multiple lenses, because at the end of the day, the operator can be any B in that B2B2X. When they are essentially the first B, they are literally basically bringing together solutions from third parties, offering them to their business customers who are offering them to their own customers. That's one version of the B2B2X. The second version of the B2B2X is where the operator is the second B. The operator is engaging with third parties to service their own customers directly. So IoT solutions would be a classic example where they would bring together an IoT solution with their connectivity and offer it to their customer base. Now, the third lens is basically opening up their own network to businesses to be able to take connectivity and sell it to their customers. A classic example would be a car company, so General Motors coming to one of the big carriers, using connectivity, putting it in their cars, but owning the end relationship with the customer. So there are multiple lenses on how ecosystems and relationships and co -creations will happen. We at CSG are anchored in this B2B space. Now, you'll hear a lot of vendors talk about B2B and B2B2X. What essentially makes us unique is that we recognize this space is complex. It's rich. We're talking multi -party relationships. We're talking multi -component solutions. We're talking distributed 5G architectures. So anyone who comes in and says to you, I can make B2B simple for you, means that they've lost all that richness that it requires to be able to service it correctly. When we talk about B2B, we talk about making complex easy. So keeping the richness, but making it all look, feel, and engage easy and seamlessly and creating that dynamic orchestration, creating that dynamic experience from the minute you engage with your customer to the minute you fulfill to the minute you monetize all the way through that transaction, making it easy. The way I like to talk about complex made easy, not simple, is I usually use a really interesting analogy, which is a sporting one. Most people probably know who Magic Johnson is. He played 13 NBA's. He's regarded as one of the greatest point guards of all time. They talk about his ability to be an assist machine. So essentially, he can, without even looking, make a pass that creates the next goal or the next set of points. What's interesting about it is he makes it all look so easy. But we all know it's not about peripheral vision. We know it's about, essentially, his core awareness. We know that it's the presence of mind. We know it's that deep knowledge of the players and where they're likely to be that allows him to do that. So what makes us unique in this whole space and the way we're able to make complex easy is that we understand B2B extremely well. Our solutions were born in this space. The pedigree we have, the proof points we have is what gives us that richness and then bring it together with the new technologies, the platforms that we've built that are standardized, that are open, is what allows all that dynamic interaction. So we see B2B2X as very, very important. We understand the three lenses, and it's really about orchestrating, and that is what we help them do, but we help them do it in a very easy manner. Well, Haifa, I really want to thank you for joining us today and giving us a really fresh take on, as you said, it is a discussion that's been going on for a while, but it's now more than ever. Revenues are flatlining, and I think people are looking for new opportunities and new visions as we close out this year and enter a new year. Maybe for the new decades. So this has been a really interesting experience. I hope we get to do this again. I think we will. But for now, where can we learn more about CSG? Look, essentially, like anywhere, you can go to our website and you can engage with us that way. We do attend most of the industry forums, so we're more than happy to meet up at an industry forum. Or essentially, if you do go through our website, just reach out and make contact, and we'll make sure the right people in the right location connect back because we are a global company. Well, Haifa, as I said, I'm very sure we'll do this again soon. I would like to see an update on these ideas, but for now, thank you very much for joining us today. Thank you, Doug.
A highlight from GEN C: Dressing the Digital World With Derek Edwards, Nick Gonzalez and Megan Kaspar
"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. Welcome, everyone, to the special episode of Gen C. We're about halfway through Fashion Week here in New York City. So we thought for this week, we would feature a special conversation that was had at Consensus this year called Dressing the Digital World, Cutting Edge or Out of Fashion, and features a group of people who are really some of the smartest minds in the idea of digital fashion. It has Derek Edwards from Collab in Currency, one of the sort of big brains who talks about the idea of ownership of digital assets and where we're going with trust -minimized databases and on -chain recording of transactions. We have Megan Casper, who's one of the leading voices in digital fashion, also a founding member of Red Dow. And we also have Nick Gonzalez, the co -founder of UNXD. UNXD and their team help bring large brands into the digital space. Folks like Dolce & Gabbana, Valentino and a bunch of others, really an amazing group of technologists. A couple of notes. This was recorded live at Consensus this year. It is in front of a audience, so you might hear a little bit of room noise from the conversation. In addition, there is a video component that is playing behind them, just some of the assets that they're talking about. Not necessary to enjoy the conversation, but if you want to, we will have the link to the session in the show notes. So if you want to watch it instead of listen to it, all you have to do is register for a Coindesk account and that should give you access to the video. But we just thought, given it's Fashion Week, we are ready to bring you an amazing conversation all about digital fashion. Avery and I will be back next week with some amazing guests and we have a really amazing lineup of guests coming over the next bunch of weeks, which we're excited to share with you. So with that, I hope you enjoy this conversation around digital fashion from Consensus 2023. Welcome. Thank you guys for joining me. So topic today is dressing the digital world, cutting edge or out of fashion. I think we are all probably on the cutting edge side of it, but let's just set the stage. Let's introduce yourself and we'll go from my side over this way. All right, Derek, you go first. No, you're ready. I say who you are, how you fit into this world, and a little bit about what your background is. Who wants to go? Megan's got this. Megan. Hi everyone. Thank you for coming today. I'm Megan Casper. I am one of the founding members along with Derek of RedDow, which is the world's first digital fashion focused Dow. And we invest in and incubate and purchase digital fashion items and platforms to help proliferate the narrative around the digital fashion opportunities. Hey everyone, I'm Nick Gonzalez. I'm a co -founder of UNXD and we're writing the next chapter on luxury in the Web3 space. We are probably most well known for a partnership with Dolce & Gabbana, creating the first couture collection on chain, Collezzione Genesee, of which RedDow was a buyer and participant. And most recently, we're bringing Dolce & Gabbana from kind of the Web3 space into the Web3 gaming space with the launch of Masana .xyz coming up this year, and just announced a partnership with Valentino, one of the hottest Italian fashion brands out there. My name is Derek Edwards. I'm a managing partner at Collab Currency. We're an early stage Web3 investment group. We invest in some of the leading consumer Web3 projects at the seed stage. So some of my favorite products, things like Artblocks and Super Rare and Gallery, and also a co -founding member of Tribute Dow, which is focused on fashion and digital fashion and Web3. And then related to digital fashion, early stage investor and some of the products that are helping build out this industry. So things like IYK and 90CC and Shibuya Brand and Ready Player Me and things like this. So great panel here. Very excited for the combo. Awesome. And so I want to set the stage because you were all involved in that sort of iconic doge crown sale. And that was historic. I think it was over 400 ETH you bought for. And that was 2021, real high peak. And how has things changed since that moment for you? How are things evolved? We're two years from that. Obviously, the sales of that magnitude aren't happening right now. But, you know, do you think we're going to return to that? Where have we gone? And whoever wants to start up on that. Do you want to provide context on what it was? Yeah. So the doge crown is more than just, I guess, a meme. It was an actual physical item that was part of the Collecioni Genesee Drop that was based around Altamota 2021. It's a really fantastic crown. I think if we have a photo of it, that's probably going to come up. Both a physical and digital item. And this was really when we were creating something with Dolce & Gabbana, we really wanted to make something that started at the pinnacle of what fashion was for the brand. So we started with Altamota. So with the couture collection that they did. And this was a really beautiful piece inspired by the city of Venice and the doge palace that's there. And it had this very nice crossover with doge and doge coin. So it was a little bit of a wink and a nod, but was really exciting to collectors of both fashion and the Web3 space. And that's, I think, where we saw when physical and digital were combining. That intersection that's happening technically also happened in the cultural space as well, as we saw so many people in Web3 looking for the next phase of what was happening once you could tokenize items. Yeah. And as a member of Red Dow, we were most excited. This was our inaugural purchase. So we purchased the crown and the auction and also two of the jackets that were just shown. The jackets are purely digital. And this is the first time in history that a high end luxury fashion brand launched any initiatives in Web3. So that was really our moment entering into Web3 from the luxury standpoint. And at Red, we were really excited about that purchase. I know I was going to say like from an investment point of view, sort of like, you know, what was yours? Yeah, so I'll just say like since 2021, which is, I think, the question you teed up, I would say behaviorally, I think I continue to see the same things that I was looking for in 2023 that I was in 2021. I mean, this idea of digital objects having value, I think is something that has been around for decades. So I was an early player in some of these Internet economies, things like World of Warcraft, things like Diablo 2. And there were markets that would form for digital objects, whether they were armor or swords or skins. And these would be priced off market. But these digital objects didn't live on a trust -minimized database like a blockchain. They lived on a server, a private database. And over decades, we've continued to see behaviorally the same things happen. So just listen to this awesome talk right before this. There's Spencer from Yuga who referenced Counter -Strike skins, which continue to sell tens of millions of dollars worth of skins every single quarter. And these are not objects that live on a blockchain. These are objects that live on a private database. But there's still a demand and a growing demand by younger audiences to want to flex, to want to own, to want to curate their identity in these digital spaces. And so things like this drop and things like a lot of the images that you'll see up here is really just sliding into this grand trend line of younger audiences wanting to participate meaningfully inside of these digital economies in ways that help shape and inform their identity. And so I have seen nothing over the last two years than an acceleration towards these behaviors and couldn't be more excited about the things that are being worked on to optimize around this. I think it's a really interesting point you made around the Counter -Strike from the last thing. And we've seen that there's been black markets for skins, but they're not on chain. And this is a way to have these verifiable, legitimate things. And I think that's one of the things that I think is interesting about bringing Web3 to fashion is that ability to have providence. So is that something that drew Dolce & Gabbana to the project? 100%. I think it's a question that comes up with every fashion brand, particularly a luxury brand that we work with. If you're creating an item that is so exclusive and so valuable, if it's a one -of -one in real life, now it can be a one -of -one digitally as well. And that providence is stored on the blockchain. So now, Red Dow and the other buyers of Cholezion and Genesee have that piece forever for as long as Ethereum is operating. I hope it does. I'm not worried about Ethereum. Yeah. And then now that's expanding even further, more and more into the digital space. So I think if 2021 was about couture for us, 2022 was about ready -to -wear, and then now in 2023 is really about expanding into that gaming realm, that digital kind of looking towards what's going on in the digital space and helping enhance those experiences. I think we always say that people spend their money where they spend their time, and people are spending more and more time on gaming than they ever had before. You're looking at a quarter of a trillion dollar industry that has about 50 billion in cosmetics every year. It's going to be relevant, just like emerging markets were relevant to fashion brands as buyers coming out of China, coming out of all around the world. The same thing is going to happen in gaming. People are going to want to enhance their experience of those games. They're going to want to connect to those communities. And fashion is part of that. Great. And what do you say to sort of the skeptics of the people who are sort of saying like, well, that seems like a lot of money to spend on something that I can't physically hold. And we'll come back to the physical part of it. Like there are the connected pieces. No, Megan, go for it. I'll pick up. Megan. Well, you know, if you look at the amount of people in the world that are, we're all netizens basically. There's over 4 billion people using social media. And, you know, I think social media and gaming are going to merge into this social reality. And as we get to device disruption from our smartphones handheld, some near eye wearable, or even a brain computer interface chip, I think that, you know, the dematerialization of physical reality that's happening will be incremental over the next 10 or 15 years. So the generations that say, you know, digital is not as important as the physical, this really doesn't speak to them. This is more for the younger generations. And I feel like as millennials, we're sort of the bridge between, you know, the old paradigm and this new paradigm and the wave of dematerialization. Yeah, brilliant. The only other thing I would add is we're heading on a one way train right now. And it's like the convergence of multiple trend lines. It's the fact that a younger demographic wants to curate their identity in digital spaces more than they want to curate it in physical spaces. And those represent like this generation's next consumers for these objects. The second is the hardware constraints are now being relaxed, such that more immersive experiences around how you shape your identity can be enjoyed by larger groups of people. And as Megan said, we're just spending more of our time in these digital environments than we ever have. I mean, I've been saying this for years, but we've already been in a metaverse light. We are on Zoom calls all day. We're on Twitter. We're on Facebook taking photos of our physical self so we can curate our digital identity. We're already doing behaviorally the things that an immersive metaverse like environment should look like. It's just all built on private databases and it's all being patched together by bad technology. But the truth is blockchains are just a settlement layer for digital ownership. All of the information that we're using on these private databases will one day live on trust minimized databases for the benefits that we all know. There's interoperability, there's composability, there's price discovery. And these trend lines are all converging very quickly. And over time, I think it'll be shocking when folks start realizing a non -trivial amount of the world's GDP is going to run on blockchains and it's going to be digital objects and digital value. Yeah. And that really brings up something Megan, I know you've posed in virtual fashion. Can you speak a little bit about where does that come from and how do you see that growing? Well, it's still very early, but one of our portfolio companies, Dress X, they use 15 different use cases for digital fashion, which is the most out of any digital fashion company that exists. And just to sort of show their capabilities, I was the first human to wear a digital fashion NFT on live television in 2021. And then I was also the first human to be featured on the cover of a magazine wearing high -end luxury fashion. So Fendi let us superimpose digital clothing onto the photos of me. And those are just two ways that someone can use digital fashion, but people are valuing their digital identities more than their physical. And as we begin to value our digital more and more, we'll really care about the way that it looks and how we're able to show our ownership of items. Because today, the outfit that I'm wearing, the designer has no idea where I'm wearing it, who's seeing it, where it's being posted. But all of that post -sale consumer data and analytics can be now collected, put on chain, and then hopefully the wearer can be compensated. So there is definitely a lot of business models and new business model disruption that will come out of all of these use cases. Yeah, I think that really touches on also something I think we touched on when we chatted before, that idea that you start to build a community. And how is that something into all of what you're working on, but that you do get to know, not just someone who walks in the store or hands over a credit card, but you actually start to build a relationship with these customers. I mean, how does that fit in to sort of, you know, Nick? Yeah, I mean, I can take that first. So I mean, I think that this is a new experience, particularly for luxury brands. They know that they missed kind of e -commerce going online. They knew that going into Web 2 was a new experience for them, which was kind of the user could go from purchasing your products online to commenting on what you're posting online. And then now it's a whole new level of interaction that's happening through Web 3. So we have a Discord server that we're managing. That's tying into Twitter. We're doing Twitter spaces. Davide Segeri from Dolce & Gabbana was just today had the first time somebody from Dolce & Gabbana was authorized to speak on behalf of the brand in our Discord space. So it's a new experience. But the power that it's tapping into is the fact that now people are not able to just become consumers of an item and have that relationship end once they leave the store or fear that they're going to be harassed through email spam or something like that. Instead, now they're truly owners of the object that they bought digitally as well. And that creates a new relationship that can be scaled through software. So you can kind of create this digital intimacy, I think, that brands have been so good doing in the real world when you visit a boutique. Now that kind of ownership can be proof of ownership so that now when they're online, I can identify somebody like Megan who's living in the future. It's seriously like you hopped in a time machine and this is what everybody's going to be like in the next five to 10 years. And we can identify all of our holders and then help give them new items or help reward the people who are the biggest collectors or promoters of the brand themselves. And this is all evolving. It's not just going to necessarily be about one thing, but it's going to be about all these things that are leveraged through the power of digital ownership. I'll anchor this to a real world example, which is 90cc. It's the hat I'm wearing right now. And inside of this hat, there's a little nine right here. There's a little NFC chip in here powered by IYK, which is a software resolver layer for NFC chips to interact between the physical and this blockchain -based database. Once you actually have that tie between a digital asset that lives on a blockchain and a physical that can be linked to it, you can start to create very interesting experiences that could be pushed to this end user. There's a proof, there's a provenance that exists now. There's also a marketplace that can form on top of these primitives such that anyone can create a module through IYK to be able to push new experiences with the creator's intent, like a game. And that game could have score, and that score could have a leaderboard. And you can now start to see how brands can communicate with their end users post -purchase in a way that just wasn't previously possible because we now have this provenance that exists on this permanent, immutable, trust -minimized global database that we've never had access to before. And that's a very powerful primitive. 90cc is really just starting to scratch the surface of what they can do there. But there's all sorts of experiences, value -add, communication that can now exist between creator and owner of a physical object in a way that just didn't exist before. And I think that's some of the tie that I think is really exciting here over the next couple of years. The chips, are they washable? Like if you have a new shirt, are you going to ruin it when you throw in the drive? I've never washed this shirt. I'm going to wear it forever. No, they are washable, retains perfect usage. So they're pretty durable. Great. But yeah, I think that that sort of interaction in real life sort of connects these communities. And back in the 2021, again, there were the ape fest. Do you see that as kind of like gatherings by brand, sort of something that's going to return? I think it's sort of faded away a bit, but do you think that's going to rise back up? I think that wallet adoption, that's one of the biggest trends that I'm watching. And I think that it's going to take more people using wallets and being able to interact with the wallet in an easy, streamlined, simple way. Right now you have like rainbow and metamask and a few others, and they're just the barrier to entry is not super streamlined and easy for consumers. And when I think about web three versus web two, we have pretty streamlined consumer capabilities when it comes to buying things online. And I think that web three will just make it much easier. So instead of logging in and typing in all of your address, your credit card payment, I think that it'll just streamline that connect wallet and then immediately take out whatever the payment is. Hopefully your address will be saved on there. And it'll be a one click purchase and streamline. And then everything you own, like the receipts of what you own are now showing in your wallet. And you can share that from a standpoint of digital flexing or just have that for different ways of optimizing ownership and taking leverage against things that you own. So imagine 30 to 40 percent of the average American's closet goes unworn. Most people don't even know what they have. That's why they're continually shopping all the time and buying new things. Well, if you have everything in one place, you can see it and then you actually know the value of your closet and the value of your assets and you can take leverage against them. This gets pretty interesting. I actually love that. My husband actually works for StickFix, which is sort of like, you know, curating things, but they don't know what you have in your closet. And that was something we've talked about in that idea that you could let people sort of help you out curating. Like, do you think that's something that would come in? So, you know, multiple brands working together to say, like, all right, everyone who wants to be in will help you create outfits, will suggest things. Do you think that's something that's possible? I mean, just came to me, but I think that's super interesting. I think A .I. will have a huge play in that. You know, the Web 2 apps like Stylebook that catalog your clothing. I think that we'll have another application and layer of A .I. in there. So, A .I. and blockchain, I think, are huge components of what we're gonna experience with Web 3 consumerism. Yeah, I totally agree. The only other thing I would add there is we're now taking these physical objects that have helped shape identity and we're creating these digital representations of them in a very inexpensive way. When you start putting what has previously been physical into a digital environment that's programmable, that actually demonstrates provenance, that can be read by anyone on a global public ledger, all of these things are gonna mix and match. These ingredients are very powerful. And new types of products and new types of services are gonna get created, many of which that leverage models and LMs to things that we can't even dream up today. But, like, the fact that we're now digitizing the world onto this public database is an unlock that I think people don't quite recognize yet. It's gonna increase the types of products, the types of services, the terms of these markets in ways that just aren't really conceivable right now. I could just actually add one thing to that. Getting back to the point about, I think I've been talking about the connection between the brand and the community, what's also within the community themselves. Now that people can identify who is a holder of a piece of Dolce & Gabbana, the DG family boxes or any of the pieces from Riel de Parallella, they can start connecting with each other. And to the point around A .I., we just had this year with Metaverse Fashion Week, we had a fashion competition where actually people from the communities were designing pieces that could then be featured as part of the Dolce & Gabbana collection there. And one of the members of our community actually used A .I. to help create, you know, he's not a designer per se in the traditional sense, but he has enough of a way around computers and enough taste that he went and used A .I. to actually generate an outfit that was good enough to be selected as one of the finalists as part of that. So it's already here, I guess is the key. It's just not evenly distributed, I guess, as I was saying. No, I think that's really interesting, especially because I think, you know, you think of luxury fashions as highly controlling of their brand image and their IP and that, you know, Web3's ESOS is decentralized. So the idea that we're starting to allow people who are proven sort of brand ambassadors or brand fans participate in the ecosystem is really interesting. Do you think we'll see more of that? Do you think there'll be some kind of, you know, real tension points? Like, I think Dolce & Gabbana is, you know, at the forefront of Valentino coming on board. Nike, you know, coming in, there's a lot of brands who are sort of like welcoming sort of that thing. You know, they had a competition that curating Instagram so they could get people in. But I'm sure there will be brands that are sort of like, you know, we're Chanel. I don't know Chanel if they're into it or not, but and we don't want that. And do you think that is against the Web3 ESOS? Like, how do we decide that deal? I think it's a spectrum. I think it's something that brands will ring fence in the way that they're comfortable with. Sometimes people interject into social media and don't want comments. So they, you know, turn those off on the different platforms, but then they lose out on all these other great interactions. Dolce & Gabbana has been very forward thinking and as a consequence, they reap the rewards of that. So I think it's going to come down to the brand themselves, I think, as you're correctly hinting there between Chanel and others. I just wanted to add, I think it's important for people to recognize the level of success that has happened with UNXD, bringing in Dolce & Gabbana and Valentino. So if you look at luxury fashion specifically and artifacts, we would not put this in the category. But aside from artifacts, UNXD has had the most amount of revenue from a Web3 initiative with a luxury fashion brand. So I think that that's a pretty interesting data point. And I think that we're going to continue to see more and more brands enter the space as the use cases expand beyond just speculative asset investing and beyond just gaming. Yeah. And I'll add one thing, which is I think luxury fashion is a category that will be immense and will be valuable. And these are pioneers of what's happening in that space right now. But I will also say that fashion isn't just luxury. Right. And I wouldn't call myself a luxurious person. I'm wearing chucks right now. But this was all a curated choice when I woke up this morning to wear this CyberRucker shirt and these jeans and these shoes. And that choice is a choice of fashion. In the same way that me using a CryptoPunk on my profile photo with a MeVit behind it and a ChromieSquiggle flying behind me is a choice to curate and present my digital self. And there's going to be lots of those choices and lots of brands are going to start interacting with Web3 in a way that is what I believe to be fashion, even if it doesn't fit into the category of luxury fashion. And so I think this technology is very democratic. It's very open. It's very permissionless. But I think the thing that I want to convey is just a slight reframing is, you know, we all woke up this morning and made decisions to curate our identities and ourselves. And this technology will allow us to do that, curate ourselves in a digital way to a global audience. And those decisions, by their very nature, are fashion decisions and identity decisions. And this is a technology that will expand to all brands. I love that. And I think that's very true. And it sort of speaks to the democratization, but you know, it does allow people to sort of curate it on a much broader spectrum than just, you know, high end luxury fashion. I know that is the title here, but I do think fashion is broader than that one aspect. And do you think, and we talked a little bit about this, that there is sort of the ability, I know that, you know, I told you about ready to wear, but they're not quite like, you know, consumer mass market. But do you think that this in the future would open up more opportunities for aspirational people? Like we talked before, I copied a Dolce & Gabbana gown for my prom dress because I couldn't afford the real one. I had the dressmaker make it. But, you know, I would have loved to have been able to buy in now's today's world, you know, a digital version of the real dress to actually present, even if I can't afford the physical dress. And sort of where do you think we are going to fall on that sort of spectrum? I mean, we're seeing not just luxury, but as Derek alluded to, fashion is more than just that. And Web3, digital fashion specifically, more natively is very fantastical, gamified, augmented. And, you know, you could have things flying around you or wings in aspects that the physical really restricts you and restrains you from experiencing. So it's more of an experiential product that is being created. And we're seeing a lot of brands, not just 9DCC, but Psyche, actually, Alistair Hunt is building out a whole platform for digital fashion natives to be able to expand just digitally and not so much connected to the physical. So there's, I think, a huge opportunity for digital fashion native designers. Steffi Fong is another one who's really great. So, again, as we expand and explore more of our digital identities, we'll see more and more people filling their digital closets with digital fashion. What are you most excited about? What are the things we'll think we'll see in the next year, two years that you think we really need to keep an eye on? I think this intersection between physical and digital I think is incredibly powerful. And I think the primitives have now been kind of built and the standards are getting created for some really interesting stuff, some very meaty stuff as it relates to the physical and the digital to get created. I think projects to keep an eye on are for sure 9DCC, what G -Money is doing, IYK, Tribute -Brand .com is coming out with a very compelling drop at that intersection over in the next couple of weeks. So make sure to follow along there. And then just follow anything these two are doing. They're the gurus. I think the thing I'm most excited about is the next evolution of what we're doing with Dolce & Gabbana right now. And, of course, Valentino coming up towards the end of the year. That's Masana .xyz. And that's really a movement from what we're doing with Couture to Ready to Wear and then now into the web through gaming and adding a digital identity to each of the holders in our community. And that's something I think I'm really excited by. It's a cultural movement, not just a technological one. And it's where we're going to help bring more storytelling, I think, to Dolce & Gabbana and more interactivity in the digital space than people have ever seen before. Well, for me, as an investor in the blockchain space for over the last 10 years, it's most exciting to see wallets and wallets that have easy UI and UX come to bring more people in. And I think that the use case of digital fashion will help proliferate the adoption of Web3 and blockchain. I'll add one last thing. I swear I promised the last thing, which is I think a big, big tailwind over the next 12, 18 months is gaming and really great Web3 games getting created. And some of the identity things that I discussed previously being a core part of what makes Web3 ownership and Web3 assets powerful and a very powerful value prop. And I think we're at the point now where some of these digital fashion, the bridge to understanding this stuff is going to come through some of these immersive experiences that look like games and Web3 games. Yeah, I completely agree. Well, thank you all so much for joining me. Thank you.
A highlight from The Effectual Calling WSC #31
"Alright, today we start talking about sharing the gospel and as we start talking about sharing the gospel I want to talk about what the gospel is in as comprehensive a sense as I can talk about that. So that's probably going to be, that is going to be our first topic here. Alright, so let's, so when I do that I want to kind of do it not just according to my opinion but I want to do it officially, right? So in an official sense and so usually on this topic this is the way I start, something like this. Okay, I'm a Bible believing Presbyterian pastor, right? And so the comprehensive gospel that I want to give to you is what Bible believing Presbyterian pastors or Bible believing Presbyterian elders and deacons would all affirm, right? Okay and so then if I don't want to give you my opinion on something that is Bible believing in Presbyterian, how do I get something that would be Bible believing in Presbyterian that isn't just my opinion? Pardon? Okay, the catechism would be one place, right? So I would go to the Westminster documents, I'd go to the Westminster standards, the Westminster confession, the Westminster larger catechism, Westminster shorter catechism, the, or I could go to the three forms of unity that the continental churches use, right? And then when you do that, you would say, okay, this is what reformed officers believe or this is what reformed, yeah, I'll just say officers. So this is what reformed ordained men believe, right? Okay so then what I want to do is I want to find my definition of the gospel there. And I just want to do that just to say, if somebody says to you, what do reformed people believe the gospel is, then you're not just saying, well what Charlie Perkins believes the gospel is, but what you're saying is what reformed churches, reformed men publicly have always said, these are the things we believe, right? Okay, now with that, okay, so we're going to dig around in there and we're going to find a gospel presentation, right? Okay now as we do that, let's think about where we might look, okay? And as you think about where you might look, when you're sharing the gospel, when you're, if you're sharing the gospel. Pardon? That someone would believe, right? Okay, so you want to glorify God and enjoy him forever, right? Okay, and you're doing this in order that they might, the end might be that they believe, right? Okay, good, and so that's one way in which you could say, okay, and then what kinds of hints would that give us as to where to look? And then, all right, then, let's see. Good, all right. So then, one of the, or the place that I would direct you at that point would be the place where we see the Westminster Standards saying the end goal is belief, they don't quite say it that way, would be the Westminster Shorter Catechism question on what is effectual calling, okay? So let's look back in the back of the hymnals here, all right? And so I didn't write a page number down, so it's going to take me a second here to find it, but I'm looking for Shorter Catechism question 31. Okay, so that's page 970, page 970. Okay, now it says what is, okay, so now why do I say, okay, so here's another parameter that we might want to ask or we might want to say and to look at it this way. When the Holy Spirit preaches the Gospel, where do we find what that looks like? And one of the answers I would say that the place we find that is under this question, effectual calling. And therefore, if you want to proclaim the Gospel and you want me to proclaim the Gospel and you want to evaluate whether I proclaim the Gospel, then you would say, then, Pastor, you need to be on board with what the Holy Spirit's doing. Or congregation, I would turn around and say the same thing. Congregation, we want to be on board with what the Holy Spirit's doing, right? So if the Holy Spirit is giving a message that faith in Christ is the end point of that, right, that's the message that we want to be on board with, okay? So then, here we are, in effect, what is effectual calling? So then, all right, so now that you're there, I'm going to ask you to look over that answer for just a minute, and then I want you to tell me, okay, let's dig out some of the parts of that Gospel presentation that are listed there, right? So as you look at that, as this Gospel is going forth, what are some of the parts that you see there? Yes? Okay, so that there is a conviction, right? Now, okay, give me a synonym for conviction, convicted, right? In the old sense, in the old sense, or they would say convicted, today we would usually say something like convinced, okay? So to say that the person, right, so you want them, one of the steps in there is that they would be convinced, okay, good, all right? Yes, Jesse? Okay, so they have to be, so one of the parts of the message is going, now again, I'm talking about a comprehensive message, comprehensive message, meaning that we're trying to get as much of a Gospel presentation in as short a piece as possible, like in one catechism answer, that's what I'm looking at. So okay, so one of the things that a person has to be convinced about is sin, right, okay? Just sin in general, that oh, the world has got plenty of sin. They gotta be convinced that they're a sinner, right? That's usually, so when you're the army of God and you sense that hey, if I keep going down this path and I'm faithful to Jesus, at some point I'm gonna have to tell this person they're a sinner, and you can imagine that in your mind you'll say that might be interesting, let's put it that way, at a minimum, right, okay? So then, so okay, so we have to convince them, not we, but you know, a Gospel presentation aims convince to someone that they're a sinner, right? Okay, what else does it aim to convince? Yes, Cynthia? They have to understand what sin is to begin with. I mean, if they don't have a clue that they'll throw out steel or they'll, you know, tend to be in this, they haven't a clue what sin is. They can't change. Okay, excellent, right? So then part of that in opening it up is going to have to be, we're gonna have to tell them what sin is. I mean, some people are gonna get it, some people are gonna know, they're gonna have enough cultural background or they're gonna have enough Bible background, and some people are not, right? So some people you're going to have to actually explain what sin is, right? So if you go out on the street and you talk to a lot of people out in culture and they've never heard of Noah, it might be a good, you know, it might be that hey, I might have to to say hey, let's talk a little bit about what sin is, right? So you might have to do that, right, excellent, okay, Frank? Okay good, so that kind of question, do you think you're a moral person and what do you think, what Cynthia was mentioning, that you're a sinner, right? That yes, do you think that you're a moral person and okay, yes, now that's a little bit ahead of where I'm at, but that's one way to get at it, right, good, okay? So going back to the question, okay, so you're convinced, what you're hoping from a gospel presentation is the end will be someone is convinced, someone is convinced that they're convinced of, yes, I'll ask Kevin. Okay that they need to be saved, now the question doesn't quite use that, right, but that's yes, they need to be saved, right? Okay so if they're a sinner, okay, Paul? Yes so what I meant was the question just didn't use that vocabulary of saved, but the question does use the concept in saying to be saved means something bad, you must be in a bad situation, right, just kind of like I said in the sermon, that you must be in a bad situation first off that you have to be delivered from or that you have to be transitioned out of, right? And okay, part of that bad situation is sin, the second part of that bad situation is misery, right? Okay so what are some of the miseries, now just to, just so that we're defining that a little bit helpfully, what are some of the miseries that people have to be delivered from? Cynthia? I think people need to tell their story, they need the chance, the opportunity to say how they're living, what they're doing, what is wrong with their life, and then it's the kind of thing where, you know, if they feel convicted that they will get saved, but you even have to explain what getting saved is because they don't know what getting saved is. Good, okay, excellent. So yes, you're a couple of steps ahead of me, but you're right, you need to let people talk to some extent to help them to get to these pieces here in this question, right? Okay? Deb? Okay, good. So at some point, if you're going to talk to somebody about being a sinner, then you're going to have to talk about who God is, right? Because that's where you get the concept. Go, Rod? Yeah, I was going to say that there's a lot of good stuff in this answer, but probably the most important part is the knowledge of Christ, and we're going to be communicating who Christ is. Okay, good. So there's a, alright, so then there is a, you need to know sin, you need to be convinced of sin, you need to know misery, you need to be convinced of misery, and then you have to have your mind enlightened in the knowledge of who Jesus is. What's the relationship between those things? What's the relationship between Jesus and what's been revealed about him and our sin and misery? Yeah, he's the Savior. He's the one who delivers you, gets you out of that situation, and he's the one, when you look at him and the more you know about him, the more you know the state you've been delivered into, right? Okay, so then, alright, so then coming back to, what are some of the miseries that sin has resulted in? So sin is, I'll say that the relationship between sin and misery is that sin causes the misery. What are some of the miseries? Jesse? Evil done against us. Okay, there's evil done against us. Now how does sin cause evil? I'll take that as evil in the sense of people doing things that are hateful, okay? How does sin cause evil to be done against us? Okay, okay, so jealousy, so particular kinds of, alright, so particular sins in a particular person's soul cause hatred to come toward us, for jealousy, for instance, you mentioned, To manifest it some way, so there is, alright, so when we, alright, so let's expand that just a little bit. When you're describing or defining sin for someone, and remember, we're talking about this question is in the context of our statement of faith, so if you're defining sin for someone, what do we mean, what, how would you maybe categorize some sin or, okay, so one of the miseries that's of sin is that sin causes a separation from God, right? So sin is the cause of a separation from God, alright? Then if you're, now we've already talked about being enlightened in the name of, in the knowledge of Christ, so then you move from being separated from God, then what would Christ, what would be the, what would be the, if you're enlightened in the knowledge of Christ, what are you delivered to from your separation? Reconciliation, right? So there'd be this reconciliation that would happen, and that, and you understand that to be, to happen in Christ, so if somebody preaches a sermon that says you're alienated from God, and in Christ you're reconciled, is that a gospel sermon? Yeah, I think according to this definition, that would be a gospel sermon, right? That would be, that would be showing a misery, and it would be showing that misery, and it would be, and of course you want it to show how it is that Christ gets us from that misery to reconciliation, but that's one of, you know, that would, that would be a gospel sermon. Deb? I think one of the things that the Bible says is that sin is just an offense that you can get against another person. Sin is the offense that you can get against another person. Okay, so when you convince someone of sin, you're convincing them not just of the misery that it's against another person, but of the misery, there's another aspect of that misery where it's against a just and a holy God, right? So that would be a reason, that would be something that goes into that presentation, this comprehensive presentation that I'm talking about, right? That your sin is against God. That's part of the definition of it. That'd be one way to say it. Good. All right. Now, maybe, let me, okay, Cynthia, let me. I have always found that to be able to reference your sin with the Bible. Okay. And, you know, say, okay, this looks like something that is a sin. Right. What does the Bible say about it? And I think a lot of times you get people that don't know the Bible, don't know the book. You know, they know. At least, well, they can't find what they're looking for. Right. In which case, there's the magic of what those are. Okay, good. So, one of the ways you can convince somebody that something is a sin is take them through the Bible. Right. And say, here's how the Bible defines sin, you say a particular sin, okay, Kayla. Right. Right. Yes. Okay. Okay. Okay, so we started talking about works. So, let me, let me just talk about that for a second. Okay. Look at this question here. The question there, question 31. What is that answer, that sort of catechism question, answer 31? Where does works, the concept of works, appear there? Or where is it, where do you, where would it be a corollary of what's there? Right. With respect to what a gospel message has to have. Right from the beginning it says God has a work. Oh, okay. So, okay, so effectual calling is a work of God, alright. So, that's, that's one way to get at it. Now, let me just look at, just what's the, what are the aspects of the presentation? What aspect, what would have to be presented that has to do with works that comes out of that answer? Nancy. No, not, now I'm looking for like word, a word in that answer or words in that, a phrase, a word or phrase in that answer that would deal with the concept some way or another of works or be related. Pardon me? Okay, there would be, so Christ's works would be perhaps one way to get at it, right. So, if you're enlightened in the knowledge of Christ, then when you look at the answer, when you're enlightened in the knowledge of Christ, in the big context of this we would know that that means you have, it has to do with Christ's works. That's right. Okay, yeah. In the answer, so in the answer what it says is the Holy Spirit does this. He freely offers, right, and what does he freely offer? Just. Okay, forgiveness of sins is one aspect of it but now again I'm trying to root it back in this particular answer. What is freely offered? What's freely offered is Jesus, right. Okay, so what a gospel presentation has to have in it, it has to have some sin or some misery specifically being talked about, right. It has to have some way in which Christ delivers from that misery or that sin and it has to say that the offer to get you from here to there is that you need Jesus and he is offered to you freely. See that? So that way, now that covers, that covers that justification is offered to you freely. That covers that adoption is offered to you freely. That covers that, you know, all the things that God offers to you, he offers to you in Christ and they're all offered to you freely, right. So that would be the aspect I would look at with respect to works in that. Now did you want to go back to the specifics with respect to? Okay. Okay, right. So, yes, so we want, we, I must, we must offer Christ freely, right. Okay, good. Alright. One of the other words in there, one of the other actions it says is it's a persuasion, right. So you're persuading. So part of, part of persuading someone is, is you say this is a bad situation. You want to go to the good situation. That's just part of persuasion, right. Or there's lots of other aspects of it but you get that idea, right. Okay. Now, what does it say there that, okay, there's one, there's another component in there that belongs to the Holy Spirit exclusively, what would that be? If someone's going to, now, if this gospel presentation is actually going to save someone, what aspect of that answer is the Holy Spirit the ultimate power with respect to? Okay, so yes, some enlightening, yes, it would have to enlighten our minds. Now, what's the means by which that happens? Hopefully, some understanding with, that people are speaking, right, that people are speaking truth, that people are speaking what is morally right or morally wrong, right, those kinds of things. Some people are speaking propositions about who Jesus is, right, okay. God, God renews their will, right. Can I renew your will? I cannot renew you. Can you renew someone's will? You cannot do that, right. So in this context, when it's talking about what the Holy Spirit does, when the Holy Spirit presents the gospel, alongside of that, the Holy Spirit is the one renewing the will through this message, right, of sin and misery, of the knowledge of Jesus Christ, and of him being freely offered. Those components all there, and it's a, okay, good. Now, when we started this, we said, what's the end goal? The end goal, someone said, was faith in Christ. How does it, how's the end goal expressed in this answer? How do you know you, how do you know that the Holy Spirit, according to that answer, that you've gotten to the, you've gotten to the part where that person is saved, where they've been effectually called? Okay, they embrace Jesus, right. So they embrace Jesus, so how do you embrace Jesus? Can you embrace Jesus with your arms? By faith, you embrace Jesus by faith, right. Or, yeah, and so you're holding fast, so what you're being persuaded to do is see your sin and misery, see Jesus as the only solution, see Jesus freely offered as your only solution, and then someone says, okay, what do I need to do? The answer is, hold fast to Jesus, believe upon Jesus, right. Believe that Jesus is the solution to all this sin, all this misery. Understand why that is from the enlightening of your mind in Christ, and then embrace Him, right. Now it's a very, this is a very short answer, so there's a lot of things we'll have to dig out of that, but it's just trying to give you that comprehensive answer. The one thing I'd say is that the Holy Spirit does is He equates and enables us. Right. So it's not up to us to be equated and enabled us to do it. It's up to us to present the God and the Holy Spirit to do it for us. But in the end, it's all right to bring Him to this. Okay, so then the, so the enabling, who, it's only the Holy Spirit that can do the enabling, right. Okay, now, let's not talk about the gospel for a minute, let's just talk about anything. Can human beings persuade, do human beings use speech to try to persuade people? Yes. Okay, so when you are in a gospel presentation, is that a speech mode that is aimed at persuading people? Yes. Can, do you have the power to do that? Oh, yeah, I guess I asked the question wrong. You, do you, you have the power to enter into that conversation in a persuasive manner, right. Do you have the power to actually persuade the person, to move their heart so that they are persuaded? No, you don't have that power, right. But you, but the, but the, what's the word I'm looking for here. The form, literary one of the literary forms you could say, is that a gospel is in its literary form is a persuasive piece of literature, or it's a persuasive piece of speech, right. It's aiming at persuading, fully knowing that I don't have any power to actually move a heart to be persuaded. Is that, am I making that distinction well enough? David. Could it be that you're engaging in a speech act to simply proclaim, and is there, can you distinguish proclaiming from persuading? Could I, could I distinguish proclaiming from persuading? I, probably, probably not because I would, but, well, now wait a minute. Okay, yes, okay, I could. So, let me try this at least. So Paul says this, I came to you as a mother, right. I love you like your mother loves you. Now you have to state that propositionally, but that's not the fullness of that proposition, right. The fullness of, you could say I love you like your mother, but if you don't really love them like their mother, then you're, you know. So part of the gospel, so when someone persuades, if you've been exposed to like classical Christian education curriculum, right. So at kind of the pinnacle of that education, it talks about learning how to persuade people. Okay, now if I want to persuade you, I need to proclaim some things, I need to have the logic in place. But then the other two things I need is I need my character to reflect it. And the third thing that I would need in addition to my character is I would need the emotions. You're trying to get the rest of the, you're not just persuading the intellect, but you're also bringing the heart into it, right. So then that would be, so it wouldn't strictly be proclaiming, I'll say it wouldn't strictly be proclaiming propositions. Maybe I should just say it that way.
A highlight from Don't Miss The Massive Friend.Tech Airdrop.. (How To Qualify)
"FriendTech is back. Last week everyone was saying it was dead but today we're seeing volumes shoot through the roof, we're seeing transaction volume go parabolic, all off the back of new airdrop information which I'm going to share with you today. So we're going to go through exactly what the FriendTech airdrop is, how you can get involved if you're interested and go through some of the maths behind it to work out how much users or recipients of the FriendTech airdrop could potentially make. Let's get straight into all the alpha in today's show. In case you don't know what FriendTech is, it's essentially a social fire platform that allows you to buy shares or keys in your favorite creators. These creators can then have private group chats where they share all sorts of exclusive information like crypto alpha, photos, etc. So basically think of it like a private gated like telegram group except instead of paying like a monthly fee you simply have to hold a creator's keys that you can purchase using ethereum. Now of course it's super lucrative for the creators because they can essentially make money off the trading fees that are generated by people speculating on their platforms and it's also super lucrative for the project because they're obviously making trading fees from the platform and it's seen FriendTech make over five million dollars within its first month which is one of the most successful startups of the last few years technically from a crypto revenue perspective. So why is it having a resurgence again today? Well essentially we have new details on the airdrop. So first I want to go through the data. There is now 14 million dollars worth of TVL locked in the platform. You can see over the last couple of months this has continued to increase so despite volumes dropping off for FriendTech as we can see there was a clear lull towards the end of August into early September. The TVL has maintained fairly positive so there has been I guess net inflows into the platform as people bridge ETH onto the platform to speculate on creators but in terms of transactions we can see that we've started to see an uptick again over the last few days so it was super popular and everyone was talking about it on the 20th of August. It started to slow down a little bit into September but it's getting right back up there again in terms of transaction volume and as I said before five million dollars in revenue collected this month by FriendTech. Now here is the very interesting bit. The reason everyone is getting back onto FriendTech and getting super excited about it again is because of the potential airdrop and we've seen over the last week how FriendTech has actually chosen to distribute points. So we can see the leaderboard of all the top holders so we can see Christian, ETH, Racer, the founder has 192 ,000 points, some of the well -known key figures on crypto twitter, Hasaka with 160k, Kobe with 160k, Zhu Su with 71k. These guys are the ones that are leading in points. Now how do you actually get points? Well there are a few ways. Refer people to the platform, that's how you can accumulate points. You can launch your own key and trading volume comprises a percentage towards your total airdrop every single Friday because they give out the airdrops every Friday but it's just been revealed that actually the most important component of earning points is not actually trading volume but it's holding volume. So it's the amount of total keys that you hold on the platform denominated in ETH which is of course the main currency of the platform. So Caleo did a tweet he said I'm up to 17 ,500 points here's what I've learned. FriendTech's rewarding collectors at a higher rate than creators. Trading volume on your keys does matter but more than anything else FriendTech is waiting portfolio value. I've had multiple members of my chat who have higher portfolio values than mine but much lower key prices outpace me in coin farming. So essentially this indicates that FriendTech is waiting a higher airdrop percentage towards the people that are simply holding creators and investing in creators keys. Super interesting. So what will this translate to in terms of a dollar amount in an airdrop? Because you know points of points they don't actually mean anything. What could the points potentially be worth? Well I did some maths and I looked through some of the key models and it appears to me that the most likely suggestions for a potential FriendTech price vary between like 50 cents of one dollar. So if we take like the conservative angle and say that 60 cents will be the price of the token if it launches and we have no way to tell we're just kind of going off the amount they raised versus the amount of activity on the platform. But let's say they are worth 60 cents then what you would see is if you hold one ETH worth of creators across the platform a $210 worth of ETH yield per week so that equates to around a 0 .13 return per week. So to put that again if the token launches at 60 cents a conservative estimate the airdrop would equate to $210 worth of ETH per week per Ethereum in tokens that you hold on the platform. So that equates to around 0 .13 percent return per week on your ETH. If you you know make that an APR so make that a yearly figure that's around 600 percent per year. Now you can see David G in front of us did the calculations if the token's worth a dollar. He said that that equates to 0 .21 ETH per week which is compounded 1100 percent APY and at two dollars per point you would make 0 .42 ETH per ETH of keys held over a given week which is 2200 APY. So what is this telling us? Well basically FriendTech is one big yield farm. That is the biggest value prop for the platform right now and that's why creator volume is starting to uptick and that's why key prices across the board are starting to uptick because people are staking their ETH on FriendTech to earn these points because now they know that holding creators is the number one prerequisite for an airdrop and they're saying if I put one ETH into creators on the platform I'm going to be receiving between 0 .13 percent if it's a 60 cent token and 0 .4 percent if it's a two dollar token when the airdrop finally happens and this basically makes it like a yield farming opportunity in essence if you're working out those calculations based on a potential airdrop. So it's super interesting and of course as a result a lot of creators have skyrocketed. Look I'm going to show you my FriendTech price for example. I don't really promote this. I don't really shill it. I do a little bit of posting to my group just to talk people on there and have some fun but I'm not like you know super serious about content on there like other creators are and even my keys went from a floor price of 0 .08 all the way back up to 0 .22 today. Now this has happened obviously because a lot of people are now buying into creators because they want to stake their ETH on the platform for a potential airdrop but it's coincided with something interesting. It's coincided with a lot of platform upgrades because when the platform first launched it was essentially unusable like it was a piece of trash and to an extent it still is a piece of trash but it's getting a lot better. They added photo integration. Soon they are going to be adding live streaming. They've added replies so creators can reply directly to chats instead of just seeing one log of chats on the feed. So it is getting better and the platform over time is becoming a lot smoother. Like comparing my user experience today compared to the first day that I used FriendTech it's been a monumental increase in usability and if they can continue this pace of shipping code and continue this pace of upgrading the platform then I think we're actually going to have a decent product. So to all the FriendTech bears I don't think like there's an explicit reason to be like super bearish on FriendTech. You could be super bearish on like creators pricing potentially being overpriced in the short term but in terms of the platform itself I think it's a cool concept and they're continuing to improve it and clearly the airdrop has you know given people a huge incentive to get back onto the platform. By the way for people asking what I'm going to do with my FriendTech I mean I'm just going to continue chatting to people in there maybe posting some alpha and if the platform gets better I will look at you know wrapping up my posting or offerings over there right now. I just want to make promises on there right now and say I'm going to do all this stuff you know if the platform can't actually justify me doing all that stuff. So I'm just going to wait and see but for now I'm talking to people in there I am you know hanging out with my community in there so that's basically you know what I'm offering over there for the people that have been asking me on Twitter what I'm doing over on FriendTech. So what can you do sitting here watching this video well I mean I think there's a certain element of risk if you're depositing Ethereum now into the platform solely to airdrop farm because you know you don't want to buy creators keys and then get dumped on and get an airdrop but it's still not enough to make up for the losses capital losses that you made on the ETH. So be very careful if I was airdrop farming on the platform and I'm not like explicitly going out of my way to airdrop farm but I'm doing it inadvertently through the ETH that I already have on the platform I think I have like one to two ETH on the platform.
"second component" Discussed on The Catechism in a Year (with Fr. Mike Schmitz)
"As I said, is day 52, we're reading paragraphs 360 nine to three 73. This is remarkable yesterday. We talked about the fact that here is humanity, human beings, our body and soul, but truly one, right? So we have these two things, these two component parts. I don't know if you know if you say it like that. But we are body and soul in a unity. Today, as human beings, we are male and female, and there's this remarkable reality. I love the fact that even in just a few short paragraphs, the catechism unpacks so much of what John Paul the second called an adequate anthropology that in order to understand who we are as human beings. We need, as he said, an adequate anthropology, which is a study of human beings. So here in the catechism, we talk about the fact that male and female are equal.
"second component" Discussed on Bloomberg Radio New York
"I'll tell you a quick anecdote in 2010 when we wanted to launch the first ETF, the global X lithium and battery tech ETF, we actually went through the process of calling all of the index providers to see if they wanted to work with us on the development of this idea. And pretty much they laughed at us. What are you guys trying to do? Like a lithium ETF, what is that? Okay. So because of that, we actually had to pretty much do a lot of that heavy lifting in house, which back in the day we saw as a challenge by quite frankly, was the best thing that ever happened to us because it forced us to develop our own product and research capabilities that right now we're still benefiting from 14 years later. All right, so you mentioned lithium and battery tech, which is about $4 billion. Let's talk about two others that are sort of sustainable investing related. Again, back to the ticker, clean water aqua AWA. How is the clean water ETF doing? And what sort of companies do you hold in a clean water? I think it's one of our newer themes. And what we are seeing particularly with clean water or think about a clean tech, renewable energy producers, there is a significant shift towards a more sustainable world. And I think many of these things are benefiting from that transition and clean water is definitely and we've seen massive water supply issues in the United States. But when you look at what took place in Flint, Michigan and a whole bunch of other cities whose water infrastructure has fallen apart, there has to be an immense demand for clean water going forward. Yeah, a 100%, and we have seen already some policy coming from The White House in the last whatever we do think many of these companies are basically dedicated to a process where in more effective ways. Are definitely going to be benefiting from this trend. And how about wind energy or windy W and DY? What sort of companies do you hold in that sort of ETF? All companies are basically involved in the production of the product in the production of wind energy. Are there that many public companies in that space? I know GE used to do stuff. I'd be hard pressed to name 40 companies in that space. I mean, obviously, it goes back to the process that I mentioned before of looking at conviction, looking at investments and that second component is extremely important. The thing is, I guess, a good reminder that Barry is that when we think about our thematic ETFs like this, some of the names that we just discussed like clean water or wind energy, I will automatically get the apps on a global in nature. So we are not just looking at the U.S. companies. We look at the entire world of investing point, they are actually many more companies that you may think initially. Coming up, we continue our conversation with Luis barugo. He is the CEO of global X ETFs
"second component" Discussed on Dateable Podcast
"And then you bring on the second component, which is online dating, dating apps, nobody before us. Have even experienced anything remotely similar to dating apps. So here we are just these innocent chickens going about every day thinking, how can I really how can I really use these dating apps in my favor? And here we are again in a pandemic ridden world and we are still on the dating apps looking for love and we're all lost in that navigation of love. Yeah. And again, the upside is, I think our parents would kill. You've even talked about this UA when you've talked to your parents about dating apps. They're like, that sounds amazing. You can talk to all these people and we don't have to rely on family connections or Friends of friends and they are really amazing for this. I know I've met partners that I would never have met if it wasn't for dating apps. So there's a lot of great that has come from this and especially in a world where we wanted all from this person. We need to have options to find it all. But the dark side comes when we're treating it like Amazon because that's not a human. And we're taking the human connection out of this. That's the part that's a little problematic. You know, you can do a two day return on Amazon, but when you make that a person, it becomes like all sorts of fucked. Yes. And then the third aspect of why modern dating is so challenging for many of us is the gender roles are changing. We talked about the me too movement. We talked about all of these gender related changes that have happened in the recent few years that are causing people to pause before they act, which is a good thing. That is the positive of it, but the side effect of that is that everyone is experiencing inaction, right? Because we're all afraid to kind of step forward or not even afraid. Maybe that's not the right word, but we're overly cautious to take those moves and to act upon our feelings. So we expect certain things from the traditional ways of doing things. I would say, myself included and some of my girlfriends still expect maybe the male to pay on first date. Yet, we also want to establish ourselves as independent, equal partners in a relationship..
"second component" Discussed on Bloomberg Radio New York
"Enforce the tax law batter give the IRS the resources. It needs to go back to the strength it once had that we can raise meaningful amounts of revenue. I think all of that bodes very well for the future. At the same time, Lori we quickly learned that it's so one step in a two step process is a little bit of ambiguity here about that second step. But certainly, Nancy Pelosi, the speaker of the House, said, We're not going anywhere with this agreement on bipartisan bill without having the more partisan approach that has the other part of infrastructure with the White House calls the family part of the infrastructure. How essential is the second component? Look, we need to make human investments in this country. We need above all to be investing in Early childhood education of for our kids. We talk about stem. But how can we? How can our kids believe we're serious about stem when huge fracture the chemistry labs in the country? Have a reconditioning and heating systems and air air systems that don't work. So we need more investment. That is in this bill. This bill is a beginning. It is not an end. And so the aspiration to much more is in my view. Completely correct. Um, Will it all fit together and happened? Here's what I know. We weren't going to get to the end of the race unless we got out of the blocks and we surely got out of the blocks and are really important way here, and I'm glad I'm glad to see that and I hope Will find an approach that will pay for the spending that we need that will recognize its benefits to the economy in a clear way. It will make sure that we're investing in what After all, is our most precious national resource. Uh, our people that will be taking steps necessary. In terms of the global issues like the Prevention of climate change, and like the mitigation of future pandemics. There is a lot That is left to do that should be supported. And the question is, Are we going to find ways of doing it that are carefully thought out. That are disciplined that are involving the private sector where it can make, uh, a major contribution, and I hope that's what we'll see going forward. But I'm gratified by the progress we've seen Larry. This may have been infrastructure week, but trust is a near runner up its approximate. We had five bills get through the Judiciary Committee about fundamentally redoing our.
"second component" Discussed on The Call with Nancy Sabato
"How are you doing after being in covid lockdown for a while how you doing with the state of the world with the racial unrest. That's going on all of the various things that that are just seemed to be plaguing not just america but all over the world. I have a promise for you today. That the lord gives us from second chronicles seven. Thirteen through fifteen. I'd like to read t today from the new american standard bible and it says if i shut up the heavens so that there is no rain or if i commend locust to devour the land or if i send a plague among my people i fourteen and my people who are called by my name humble themselves and pray and seek my face and turn from the ways then will i hear from heaven and i will forgive their sin and i will heal their land. I fifteen now my eyes will be open and my ears attentive to the prayers offered in this place solomon had built a temple and he had devoted to the lord and the lord was well pleased with it but the lord knowing his people he knew that they would come a time that they would be away from him they would be in bondage because they would have been disobedient to him but the lord was telling them that even if i do all these things if i hold up the heavens with his no rain if i send locus you are still too humble yourselves before me you to seek my face and you are to come impre to me now. That may seem difficult to do. Especially when things are not going well we all struggle with the same things. I get it. But we have to humble ourselves before the lord. Let's look at some of the elements that are contained within These couple of verses. I it says those people that are called by my name that means that he's speaking to the church. At that time he was speaking to the israelites. Now he's speaking to the church. Those that have accepted. Jesus christ we are called by his name and we are now that temple that god dwells in and so he says if we the people that know him if we humble ourselves and call upon him he'll hear from us but the second component of that is to humble ourselves. We are to show that we are dependent on god to recognize and realize that we can do nothing without him that that is the reason why we pray. That is the reason why we come. And we honor him and we reverence him because he loves us and he knows what's best for us and he wants to give us all that is best and so we come in humble ourselves and realize that he is god and that he has created us to worship him to do his will in this earth. The second component is that we are to seek him. What does that mean. we're seeking. God was seeking him for forgiveness. We're seeking him to have relationship with him to be in his face. If you will to always be looking for that time you know how when you have you ever been in love and you always want to see that man or you always want to see that women. You want to spend time with them. Well that's way that lord wants us to feel about him that we want to spend time in his presence and that we are to approach him in a humble way realizing bet he is god and that we are seeking him and that we are willing to accept. God's plan for things. It's not a negotiation. A time of negotiation. I know y'all do that. I've done it. But it's not a time for negotiation if we really see god if we recognize how much god really loves us. We wouldn't want to negotiate with him. We would just wanna do things his way. So we are to humble ourselves in in came in that way and then he says it we will turn from our wicked ways meaning that we are to be repentant for those things that we've done that god doesn't like we need to humble ourselves before the lord recognize when we've done wrong and then seek his face. If we the church would begin to pray the way the lord has ordained us to pray. He told us to never stopped praying. That's the one the mandate that the god tells us to constantly pray we should be praying always and then we would see our land healed we would see. Our children turned around and come back to lord. I want you to take time and read second chronicles and focus in on. What seven is saying. I read second. Chronicles seven chapters seven versus thirteen through fifteen. Take some time and meditate on it and recognize that god wants to. He'll land he wants us to come together as one. You can watch the call with nancy. Sabato on youtube and listen on podcasts apple spotify audible iheartradio and more..
"second component" Discussed on Wealth Is In The Details Podcast
"Investors have to pay for each of them. So let me just describe that Hopefully isn't going to be too convoluted but but we talk about. Dividends dividends are typically paid by stocks Stock dividends can be either qualified or non-qualified most dividends or qualified and if they're qualified they're taxed at the capital gains rate which is a zero percent fifteen percent or twenty percent and that's significantly less than ordinary income rates so capital gains rates are really tax advantaged in we. We want If we have to receive income we we'd rather pay it at a lower rate than at a higher rate so if you think about capital gains tax rates being zero fifteen and twenty percent that is in contrast to ordinary income rates. Which you're twenty two twenty four thirty to thirty five and thirty seven percent never mind state taxes So we want qualified dividends non-qualified dividends which are often very small piece of a portfolio and not not a tremendous worry but but those are taxed as ordinary income so we talked about dividends the second component are interest on bonds bonds are are taxable as ordinary income. Unless they're municipal bonds which are taxed which are tax free now that tax free is better than taxable however there are many bonds that pay higher rates than municipal bonds and even net after taxes. Someone might be better off paying tax at that higher rate because they're netting more income dutch. Oh okay so. It's not always taxes on the issue. It's really what what you're receiving net after taxes. And then lastly which really an investor has more control when it comes to realizing capital gains so we often focus as as financial advisers on the realized capital gains portion of portfolio if an asset that appreciates is held for less than one year. The gain is is ordinary income at that those higher rates however if it's if the asset is held and then sold for a gain after one year longer the gain is taxed those long term capital gain rates which are at zero fifteen and twenty percents And the point here is that capital gain capital gains are taxed at lower rates than the income. And that's why we focus on. It is him one more tax that affects a lot of our clients which is a an additional a three point eight percent medicare surtax and this is a tax on investment income which includes.
"second component" Discussed on Biz Talk Radio
"We've got hundreds of employees. What the company culture like that I feel like nowadays you know, you got people like Tony Shea from Zappos, whose That amazing company culture, and most people feel like if you go and work for a cool tech startup or a company like scope of 100 employees. The company culture must be super cool and hip, is it? I'd like to think of this. You want to visit and tell me, um, no question like it zipper funny where some of the things you guys do to make sure that it's fun that other small businesses can learn from. I think the first thing you have to do is when you're Culture sticks really quickly meaning like if you aren't actually it's spending mental time on it as the one of the founders air One of the leads of your company you're going to that culture is gonna happen. In a way that you probably don't want to. So it's either gonna happen by accident in a way that you don't want so figure out how to consciously take control exactly. But what are some of those things that we can consciously do to make sure we have a great company culture? So I think hiring is one part s O in recruiting process feeding into the company culture, the doorway in, But every every person, especially the early on is an illiterate of component, tear culture and the bigger years 2030 40 employees bigger get, they still have some effect on your culture, but less and less. I would. So I would actually say the person that you're hiring isn't both a technical fit and a culture fit. You should hire them, and most people don't really know how to measure that culture component, which is Arguably more important, like I'm sure many entrepreneurs that come on the show will have a story of that one person that they hired. That wasn't a fit, but they brought them in. And actually the ripple effect. The other people a bad seed. Exactly no question, And they could be great people. They just don't match the culture that you want. Then that part the conscious part is okay. What is the culture that I want and you have to think about it. Like what? The exercises might seem a little hokey, but you want to think about what the values so on top of values and company culture and things like that. Let's talk about what is some gadgets, tools or resource is that you ultimately use and your personal or professional life to help you be more productive. Stay focused. They organize whatever may be your tinker, So I probably have some good probably tried every email up on every calendar of All right. I wanted to ask. You must know you've gone through a mall for it. I was so focused on after. I think it's interesting when Microsoft's actually doing now, so they thought the best counter up Just sunrise. They bought the best list Averages Wonder list. They bought the best female up and actually merge them and Microsoft Outlook. It's a great app eyes tonight. Yes, I phone android agnostic, Great app. Amazing, which is shocking. So that's why Microsoft At work. I'm actually very much paper pen guy. So so you'd ever know or anything like that? No. I feel like there's There's something around human. I'm a big proponent of figure out how human nature and instincts affect everybody around you and how they're wired. But also like how you consume information like the more you're at your computer, especially if I can ever known the more you pay attention to the tool. As opposed to the stuff that you're actually trying to take me back to yourself. So I'm constantly taking hand notes because that actual mechanism of writing reinforces information inside me like I may not ever go back to those notes, But it's just a second component to making sure that you're thinking about things correctly. Co founder of Embrace I owe and Scopely Eric future and keeps it old school with the paper and pen. Erica. No question. Thank.
"second component" Discussed on KTLK 1130 AM
"I'm but you're taking a college extent tests that you have to do online. You have to prove who you are. You presented idea. I mean, it's just You have to have an idea and so you know, but for us, it's about okay. We want to make sure every person that there is actually who they say they are. And why is that a bad thing? And why did 36 other states do it? If it's somehow disenfranchising voters. It's not even the courts. I think it was 2008 said. This is valid. This is this is something you can do. And so we're gonna keep pushing it. I wish the house would would agree. I'm not optimistic, but I think we just got to keep pushing it. Yeah, that was gonna be my follow up question. To the best of my knowledge. There is no companion. Legislation in the House at the moment, Nor is it including any of the omnibus bills that are that are being debated correct. Right in the state government bill We did put in our language to reform reform, provisional ballots, but we we wanted to run this one separate so that everybody could see what we're trying to do. In Conference committee. You can add bills, So in other words, you can add something even if it didn't pass the House and Senate on a budget bill, and so this one could be there, But I need to say the house. And the governor has been adamantly opposed to it well on in there. Look, there is an argument to be made that the Democrats, you know, Countrywide. In the last election did a much better job of using existing rules to their advantage. We've talked about this Ah lot, the ballot harvesting that is actually illegal in some states where justice and Drew agree that it shouldn't be, But it is right. The Democrats did a much, much better job of capitalizing on things like that male and male and voting and this is where again The argument against pushing back against voter ID comes into play, because look, you're doing a great job. You're still going to be able to go potentially win when elections. As a matter of fact, voter idea actually helps you win that cause because you've taken away an argument that gets used too often. When there is pushback over the over the winning on an election, you know, but again, they just they do not want and do not see it that way. To me. That's the more common sense approach would be if I were on the left. I'd be like, Yeah, man, Let's pass it. There's an idea for other things. And next time we went an election and you want to go and complain. There isn't a voter election integrity. We can go. Yes, there is. We agreed with you on voter idea, And I would say I would use the same argument that I that I used when we're talking about the Maricopa County audit. If you have nothing to hide, then you've nothing to fear, right? If you've got nothing if everything's on the up and up like you swear up and down that it is, if if there's no never any cheating, and nobody does anything that what What are you afraid of? Of having a voter Reilly idea? You should be welcoming it because it'll shut your critics up and we don't have to have these arguments every four years about election integrity. Yeah, you know they They're one of the debates on the floor. They said, Well, the people didn't want it back in 2000 and 11 or 12 when I was a constitutional amendment, but One of the arguments was well, we don't want it as a constitutional amendment. Well, okay, now it's not a constitutional them. Now We're just doing it legislatively and I'm not giving up on this. We'll keep going after this. If we don't get it this year, we're gonna keep working at it, And I think that's I'm glad you made that distinction because I do think that's a valuable important distinction. You know when when people bring up the referendum that was on the on the ballot a few years ago and how was defeated. They do leave out the fact that well, what's happening now is different. This that was a constitution moment. This is different, and they also leave out all of the other ancillary things that drove people to the polls in that election year. Voter ID You could make a credible argument was a victim of other things that were on the ballot, other races that were on the ballot that increased turnout among Democrats and among people that would typically be opposed to something like this. Yeah, without a doubt, and we've we've we do polling way want to know what is important people and about 75% of the public thinks that photo I d for voting is a good idea. And because when you look at it, it just makes sense. It says we're getting towards the end of the session. You know, your deadlines are approaching to pass a budget. Give us an update on where things stand now. And what do you think The likelihood is that you're gonna wrap up on time or are we possibly looking down at another shutdown? So we laid out I laid out the groundwork about what it's gonna take to get to the finish line, and we highlighted a couple of things that normally are never there. One is the emergency powers and what that does the mask mandates that, you know, quote mandates on business schools, youth sports, and that's all of those things. We're pressing toe lift the mandates what people live their lives and be safe as they know how to be safe. But it's a big area. A second one relates to the federal stimulus money coming in 2.6 billion The governor should not be able to spend that. And so those two components we are having good conversations about we put those together with the budget, maybe even this Friday. That's what we're trying to aim for The speaker and I We set the targets, and then we have to be done by a bleeding The 17th. So stay tuned. If if it does, If it happens on Friday that you're here, the targets were announced. That's really a good sign. Would you be willing to hold off on passing a budget contingent upon the governor of relinquishing his emergency powers and dropping those mandates?.
"second component" Discussed on Chatter that Matters
"Good actors and and we take the biggest sign of foster social normally. All of those things are are contributed coming up with china. That matters i cabot. Dan rally about our relationship with winning and losing money and why he made behavioral economics is life pursuit. We listen to try to the matters presented by our text me time seven ten ten subscribe tattoo. That matters dot ca wherever you get your podcast chatter. That matters with tony tat. Minute will return in a moment on the iheartradio. Talk network in superman or we homer simpson when it comes to building the physical world. Am we kind of understand our limitations. We build steps and we build these things that not everybody can use obviously but we build them we understand limitations and we build around it but for some reason when it comes to the mental world when we design things like healthcare and retirement and stockmarkets. We somehow forget the year. We are limited and i think as we understood our cognitive limitations in the same way that we understand physical limitation. They've been on steroids in the face in the same way. We could design a better world. And that i think is the hope of this each week. You can download the latest episode of chatter. That matters as a podcast from your iheartradio. Canada app now more with tony chapman presented by rbc sorta job in java chatting with dan. He's distinguished professor at duke university author. Co-founder be works. Which is incredible canadian organization but open up the show data talked about how significant and often son events can collapse the very foundation where we stand and in doing so they can also teach us about ourselves things. We didn't know. Johnston leads to pursue passions at age eighteen on a friday afternoon. Most teenagers are obsessed about their weekend. You find yourself at the center of an explosion and badly burns your body. I read painful lessons journal that you wrote about your experiences trying to recover. It was among the most powerful words i've ever written and i'm a big fan of your your tax. It was so powerful. I wanna ask you about the life lessons. You learned going from that. Eighteen year old skipping through the world's thinking about girls in the weekend to waking up most your body badly burned and how that led you deciding that you're going to dedicate your life understanding this concept of human behavior. So am i. Thanks for the kind words about writing. Some of this was very tough and very healing amsoil so so india was. I was burning about seventy percent of my body. I was in the hospital for three years initially and then some more any changed my life in in many ways by the way some of them. I'm i'm still figuring out. I has specific challenges. I had questions about how you remove bandages from burn patients and i had arguments with with nurses doctors about how to do it and when i left the hospital in started studying i. I studied that they need experiments on. This proved that there were wrong in their approach. Figure out a better way to remove bandages. Who burn patients. I i learned about placebos paying a really works from from that perspective. It was a a magnifying glass of where things go really wrong. I i had very strong urge to to fix it in. The second component was that i was separated from my friends and officer than i was in bed for threes. Other people continue the lives. I wasn't you know. There's something about being in the bed. Detached from life the standard thing that basically i think made me on one hand in a in a very sad way not a participant of life Even when i went to graduate graduate from the hospital when i left the hospital went to university. I was still in pressure bandages. I was in this brown suit like spiderman. My whole body was covered with brown suit with with holes for my eyes ears. Mouth nose indesit. The rest of was covered unlike spiderman. It was it was hot scratching. Everybody was dating in sitting on the grass. And i was going to class and then going to find the colts pace to to to sit next to an air conditioner being an. Let's say signed actor in observing things from the side. I think was very helpful as a social scientist ahead to chat recently with somebody about covid and this was the woman who called me and said oh you know all these things about the pandemic and maybe maybe it doesn't have to be a pandemic not enough people are dying. It's not just a dispatch flu. I totally said you think about the people who are dying. But i also think about the people who are on respirators. I described to her what it feels like to be on the respirator. And i haven't thought about it a long time and what it feels like to be but it's a terrible field. It's still feeling of helplessness dependency in fear and all the all the sounds of the machine tonight and then i just burst out crying. The lessons about helplessness but being immersed commercial machine and being tuned to the sounds it makes ending -fraid. I haven't thought about that for for a long time in the consequences of that so there were lots of life lessons. A lot of what happened to you in the past in many ways is happening to listeners. Now not knowing where. I am who i am where i'm gonna go. What advice you bring into people to help them cope with three things. You're very focused on being happy being healthy and obviously finding a way to be wealthy so wanted the main thing is you point out is the lack of control we have during these periods. Coffee is not just covid. it's a period in which a lot of our freedom has been taken away from us all of a sudden. Can we go to work. Can't go to work when our work be open. We'll work be closed. What will happen to the stock market with our kids be able to go. I mean the the amount of uncertainty will restaurants be opening two years ago. I asked you if this is possible. Say impossible but we got so used to so many freedoms that were taken away from us so we are living in era with very very low sense of control. So that's that's one one one thing to fight that we need some control back in the patient world. There's something called patient controller gesia when they basically give patients a button that says you entitled to six dosages of morphine. You can pick the time in the day when you want them with some limitations. That's an amazing difference. If you have this button you just holding the button. Feel like you have control. I think the same thing needs to happen in our lives. We all need to gain some control now. One way to gain control is what's called shopping. Therapy his inexpensive way. So i'm not recommending it. It could be an exercise. It could be putting money aside. It could be a picking a diet. It could be all kinds of things but we need a sense of control. The other thing is that we need the plan very hard to have short to plans and even if we have a plan for the summer we have to recognize. Its might fail. We can't live just waiting with no. We no plans. I really hate all these books to say. The best thing that ever happened to me was my injury for me. Suffering of the case my injury was horrific. Nobody but there were few small benefit from this as well. I think the same thing we can ask about covid used to fly out of home three hundred days a year. That has changed. I used to eat out all the time. I learned to cook. My pattern of spending money is very different. I'm sure it's.
"second component" Discussed on The Authority Project
"I know about getting sales person. But i don't have one. I'm glad you're here can't afford on someone who can't afford a salesperson. I said well informed salesperson right. Now you went on vacation and yourself person goes out and generates twenty thousand dollars of revenue. And that could without you you are at the beach some doggone where you give them a twenty percent commission. I don't know the numbers for your energy. But say a twenty percent commission they bring in two thousand nine thousand you pay them four thousand and you got sixteen thousand dollars in the bank without your labor. The first person our hiring my company before howard administrative assistant. Va is a sales person. Was going to go out there and find people who have a problem. Share the possibilities on how we solve it and then make an offer to makes so much sense those three words in my life and it just recently. It wasn't. I didn't run on shout at the time but i start telling myself make more offers and could do as well now. The second component needs and ena salesperson. Now i know you gotta say how do i hire them. How do i find without spending a dime. Yeah because you're going to hire person you only pay him on. One hundred percent commission didn't cost you anything to hire the person they brought them on. They believe in you believe in your mission and they went out and they started solving a problem in the world. Not selling your of services but taken your message to your list of people who already could afford your services and as a result there now selling them and solving problems people will pay today if you saw. It didn't cost you a don to do that. Not a penny now. Have you say. I can't afford it then. If i see you again next time and ask one question. I ask you right now. How much would you generate over the last thirty days without your labor with a salesperson. They answer zero are not enough right now than go higher salesperson you can you can get the playbook and we can help you teach you.
"second component" Discussed on It's All About Evolving
"But the parents of masters have to teach the child how to use you. Know what i totally agree with you and laughing so much because at this stage right now my son and i were were growing through this process. So he's very tech savvy for his little age so you mentioned teaching them how to use it in all but even though we teach him he would use it into his way so the other day behind my back he hacked into the password changed parental code telling you and got his way on his game right. 'cause he wanted to change a screen time so sometimes it's like okay. We're teaching them to know these things. But how much are we teaching them and then again. You can't stop teaching them because he already knows where to go to find it. Hey siri watts this. Listen this are hey alexa. What's this this this so challenging. I would say just and my daughter's going through that with her child right now. Oh but there's you've just given a perfect example and there's probably every parent and all your listeners can identify with. Yeah they're great. They're wonderful but jeez they take over too much time and attention and yes it does. It does so it's helpful and With anything there's good and bad to it right right. And they're powerful very very powerful very powerful tools. Okay so you mentioned the tools though. Let's talk about family history. Okay yep so family. History within the element one call family heritage family. History is he sub topic within their night. Okay so there are many sub topics inside the master element call family heritage and family history is referred to by several different names. Probably one of the most common is ancestry. So ancestry is one of those topics within that large category family heritage that one studies and there are two components to it that will have a significant impact on a family and children as well one has to do with the tracing of lineage in terms of who was raised by who when and where right and the way that we go back and look at that is usually called family tree. That's the graphical representation of the relationships of people to one another now. We all know that not. Everybody is the genetic or natural offspring who are raised by parents or families. There are wars and things at separate families. There are parents that may have passed away and their raised by a relative. There's you know we all know that. There's a hundred different human stories where children are raised in other families. And that's what we will call the historical lineage. And there's a great deal to learn from that because those people in their lives affected us downstream as we move and when we go back and study that we learn about these people and we learned that we may not have been blood related. You know as we go back further. But there's a second component to that which is the genetic connection and when we find that if do a genetic background looking at our history we may find that well our lineage in terms of cultural heritage history may be been from one part of the planet or another but our genetic heritage shows that were from somewhere else and that we have a completely different you know and that component than one looks at any could be create great interest on the part of what what are the cultural elements associated with that but one of the things that.
"second component" Discussed on Automated
"Want anything to do with your your personal information or the data from your browser right especially because we deploy extension in to enable the kinds of workflows we want to enable the the tool itself has access to kind of confidential and private information on the page and so the principles that we follow our. We don't sound any of your browsing data. We never actually transmit it to our own servers. And so that's a big piece of it. And i think the second component of it is the actual browser extension is open source. Were under the the new public license version three and so anyone can inspect what is the browser extension. Actually doing what information is sending over to us. And so i think those are two big things like open source as well as as not transmitting. The data in the first place right and for the for the open source. I would assume that. So it's on get hub. It's available for people to check out but what level of technical understanding what you have to have in order to understand what's actually being shown on the open source could have page yep In general it's always easier to to recode than to write code to understand. Stan what's happening in it So i think it's something if you have and this is also something worth a bit crowdsource right so if other people have reviewed it and think it's okay then that's that's a stamp of approval for the fact that not every single person needs to review the code But it's something where even if you've been through developer bootcamp or taken cake an intro to computer science. Course you could look at the code and see okay. This is where this is the code that sends information error messages or whatever information to the server. Oh i can tell that it's not actually sending any information from from the actual abridge. Okay great yeah i. I think it's all interesting but also kind of a tricky topic when As people become even like the the people that are not intact or people that are not programmers..
"second component" Discussed on Progressive Talk 1350 AM
"Stuff from howstuffworks dot com. Be there and welcome to tech stuff. I'm your host, John and Strickland. I'm an executive producer. And I love all things Tech and today I'm going to tackle a topic suggested by listener Jesse, So shout out to Jesse Jesse wanted to know more about Midi. What is meeting? How does it work? Why is it nearly synonymous with computer music? And is it actually a type of music and of itself? I'm going to tackle that last question first, because that was just an easy set up. While some people use media shorthand for a computer music, the two are not exactly the same thing. Midi stands for a musical instrument digital interface, and it's a protocol a set of rules that allows a synthesizer or MIDI controller to send data to a computer or other synthesizers. In a meaningful way, And in fact, no sound is sent through many at all, which might seem a little strange to understand Midi and how it works at first behooves us to go into a little history on synthesizers in general, starting with analog synthesizers. Now an analog synthesizer isn't electronic musical instrument that makes use of various components to produce and shape sound. These components can be modular. In fact, the earliest analog synthesizers were entirely modular. You had to get a whole bunch of different components and patch them together with cables. This is what we call patches in order to make any sort of meaningful sound at all, and certain modules are in charge of creating certain effects or sounds. Modules can include stuff like oscillators filters and voltage control amplifiers typically has synthesizer has at minimum three basic modules. The first is an oscillator. The US later job is to create a bass tone. This tone is what the rest of the modules can shape to create the different Pitches and effects that change the shape of the sound and also later causes energy to move between two states at a particular frequency. Now, this is easiest to imagine. I think with a physical oscillator like a pendulum. If you push a pendulum, it will begin to swing or Ossa late. And one full swing is one full oscillation at the height of its swing. All of the energy in the system is potential energy, right? It's not moving. It's at its highest point. That energy converts into kinetic energy as gravity takes hold in the pendulum swings downward. This swinging is the oscillation but also leaders will eventually run out of energy due to lost in the system. This is that love thermodynamics. In this physical example. Friction cuts down on the amount of energy within the system. It actually means that you're losing energy all the system due to heat. In circuits, oscillators lose energy due to electrical resistance, So it's very similar. The point being that unless you continue to pour energy back into the system, it will eventually run down because it Will lose enough energy so it doesnt perpetuate itself anymore. But again to the physics of oscillators would take up a bit more time. So let's just leave it at the idea that there is a component within an analog synthesizer that generates a steady frequency that serves as the baseline for all other modules in the synthesizer. The second component in a typical synthesizer is the mechanism for controlling the oscillator, which is usually a keyboard similar to one on a piano. You could use other means to change the way form, though, for example, there a men's use fluctuations in the electromagnetic field to affect the baseline wave form, though precise, complete control of the signal isn't really possible with such an instrument, even under the control of a skilled player. The keyboard or pitch wheel or whatever consent. The oscillators frequency will affect the pitch. The frequency of the sound and how we perceive that sound are directly related. Lower frequencies produce lower pitch sounds. Human hearing ranges from about 20 Hertz or 20 cycles of a sound wave per second. Up to 20,000 hurts. As we get older like me, those upper range is start to get harder for us to perceive. This is the principle behind some anti youth anti loitering strategies supposedly employed by certain convenience store owners. Which have reportedly resorted to playing very high pitch sounds that adults can't really here because they've lost that ability. They've lost that range of hearing. But those lousy kids and that mangy mutt can totally hear it, and it irritates the heck out of them so they don't stick around your store for too long. The third component found in typical synthesizers would be the filters and effects you can apply to the sounds way for him to change the nature of the sound the feel of it. These filters let you select which elements of the frequency can pass through to an amplifier so that it can hit a speaker and be heard by gate keeping elements of frequencies. You can change that shape or nature of a sound, which is why you could have a synthesizer take on many different sounds, even though it's starting with the same basic wave form. Beyond frequency or pitch and amplitude or volume. You can also manipulate the change in volume over the life span of a sound. So if you press down on a piano key quickly and firmly You'll notice that the sound is initially loud and then fades off. And when you let up off the piano key it will eventually stop. If you mess with the sustained petals, you can push down that same key with the same force and hear it play out a little differently. And we describe this process with synthesizers by dividing it up into phases, and they're called attack. Decay, Sustained and release or a. D. S. R The attack describes the time it takes from the press of a key. Or the Knoll Sound zero volume to reach the peak of that key's volume. The decay is the time it takes to go from the peak of the volume to a designated sustained level. The sustained is the volume of sound that should play until the respect of key is released by the player. The release time is the amount of time it takes for the sustained volume to decay to know again. The various effects on synthesizers can change these elements creating louder or softer sustains. You could even have a sustained that gets louder than the attack if you wanted to. And you could have longer or shorter to K times and tons more effects. It helps create a more dynamic experience with.
"second component" Discussed on Sci-Fi Talk Scribes
"I think he's very human though it is. That's what i was missing before. His is amazing that the conflict machine has to put a conflict in a machine is quite extraordinary. I mean machine don't have conflicts. I mean invisible notion we have within machine machine is just executing algorithms. I in front of my laptop here on my laptop is do whatever. I tell my laptop to do i mean. The laptop sent have any conflict just executing and to put this type of countries into interrogation intelligence. I think it was brilliant. The was very important for us for that. Sometimes we need to find porpoises in life. I mean we want to do something i mean. There's something that is a big gold and we do whatever is were hand. I mean to try to reach these goals. But there's also a second component and the second component is at high was afraid to die and he ends up killing. I mean cold-blooded because it's basically well. This is the bomber me because he wants to disconnect me and i quote i mean i would relieves the astronauts into each other and i know that they're planning to disconnect me or i know that the conceal disconnect to me and i have to get rid of him otherwise i may i mean i maybe these clinic would cease to exist so i think that's also very very human is reacting to the fear of this so moving onto bladerunner interesting concept. Essentially you create a another life form really. That's what these androids to kind of. I guess limit what they can. Do you have a short lifespan. And the catcher of roy batty. I thought you really see an evolution in the film. And at the end he when he gives that amazing speech when he's literally dying because time has out you know he reflects on his life his brief life. And it's just one of the most moving things of the of the film very philip k dick. You know as you as you're a chapter says can androids feel and i guess for that to happen..
"second component" Discussed on Voices of Search by Searchmetrics
"So let's talk about what most marketers would consider getting people across the finish. Line <hes> you know. We've talked about building awareness. Getting in front of people that are in our personas talked about helping them build credibility and get educated on our class of products or services. And now this week. We want to talk about the bottom of the funnel. How do we get people to buy something. Whether it be a product or service talked me a little bit about the strategies behind building your fiscal your product content. Yeah well this is actually a really fun topic because <hes>. for me. I can quickly point out. Look clyde the value and importance of building continent the other stages because if you have an expectedly talk clients earlier in that process then is going to be very difficult for them to decision to choose. Us supplier or someone solve their problem and incensio. They're neat so <hes>. First and foremost that is critical. I mean i know we see in the car. By processors typically nine hundred or so digital interactions. This was from another study from google is not hundred interactions and is court eight hundred of them. Are emails that you didn't subscribe to but go on is true but you know i think that kinda helps us validate this point and and that point is you know if you are present throughout many of those interactions that you want present when they're looking to learn lines then you have less credibility when they're looking at the determined if your solution is right there so that's the importance of some of earlier content. If you're not teaching them then someone else is in there likely leading to their solutions so s person forms. You know there's a dating metaphor. And i'm going to try to say this without being crass vulgar or rude but you know <hes>. I will turn it back into a product conversation. If you're trying to get across the finish line and you haven't put in the legwork over you know a multiple series of date and you haven't sort of shown in our case that you're <hes>. Gentleman it's a tall ask and likely something that's going to be turned away and aggressively turned away if you go directly to the sale <hes>. You know people are gonna think that you're being pushy or aggressive. So i totally understand what you're talking about building the relationship building that credibility starting the customer journey earlier through awareness and education. But once you're building the relationship the right way <hes>. What are some of the tips in terms of the types of content that you need to have on those product pages to make sure that they're visible showing up and that they're converting so i been <hes>. I'm impressed that you manage to keep that analogy. Pg great job. Odd done could go sideways at any boards. So let me say this. I think we spend a lot of time talking about e commerce. And i do want to talk about some traditional ecommerce approaches types of content that align with this this kind of purchase and buying stage <hes>. But you know a large part of my background is in the bbc's and and the beat obese space there's typically multiple stakeholders involved in the buying process certain individuals get involved earlier on other men visuals megan in sort middle stages me may have some unknown stakeholders that tend to come into the mix at the later stages and so what we found. A b side is that there's very unique and civic content. That may be needed for. Let's say a cfo that hasn't been involved in the earliest stages the process at may not care about the the solution per say that you're solving for you know the head of marketing. Right you know. In those instances we're looking to create pieces of content. That uniquely address the questions that they're asking later on in that process so maybe that's a calculator to show the value of the roi of your solution. You know maybe some other type of downloadable content that your internal champions can leave on the desk of a cfo as a leave behind the help sell the value of that with an organization so on the bbc side with that looks like and i only bring that up because i think that there is some parallel that we can draw in the well so for customers and are looking to to make a purchase at the later stages. They're looking to answer this question of <hes>. Which solution is right for me right. So i've learned all of these things earlier into consideration. Stage you address all of my questions on you. The ba- helped me concussion things. I wasn't considering and now looking to determine if you as a provider are actually helping me saw for those things. Are you actually providing <hes>. Those needs that you helped me identify. And so i think based off of does the civic needs those solutions on. We should really take careful consideration around the type of content that we create to how <hes> answered those latest as questions <hes>. Sometimes that concept can come in the form of video. So i've told you <hes>. And i think we've used this example in the past that the blender example right. I told you the things that you should be thinking about. When you're choosing the right blender so let me show you the blenders that we have and the unique features and specs that we offer that aligns the things that told you before that you should be considering right so that type content may be in a form of video where we show you. How how that blender blends how this type of blade performs when you're cutting up this type of vegetable that we talked to you earlier on in this recipe content so this is at this stage. Were looking to understand. Odds answer the question of which solution is right for me. And that should be unique to every product that you offer is directly linked to the unique problems that you address earlier on in that consideration concepts
"second component" Discussed on Newsradio 970 WFLA
"Flame. Ah, lighter would need an additional component, one of the three components that make up the fire triangle. One is the piece of Pharaoh Siri. Um, which, as I just mentioned frequently gets referred to as the Flint even though Flint in Farrell, Syria, mar very different things. But the second component is the striker, which in many lighters is a wheel that has a ribbed outer edge and that is pressed against the pharaoh. Syrian. Where're rather I should say the pharaoh Syria is pressed against the wheel. The third component is a wick. As in a week. Like like what you would find in a candle and the purpose of the wick is to transfer small amounts of some sort of fuel, such as enough to From a fuel container section of the lighter to the area, where the wheel and the Pharaoh's Syria mar generating sparks. And clearly you want that to be a separate area from the main source of fuel. Otherwise you'd be igniting all the fuel in one go and that would be wasteful and probably pretty dark, dangerous. The wake is sort of like a fuel highway. It's very similar to the way Wick works with a candle. So let's talk about the physics involved in that for a second, because candles or something I never really thought about in the sense of how do those work? I mean, why would you even bother in casing a wick in wax? Why not just burn the wick material? But that is going on here. All right. So when you light a candle, you light the end of the exposed Wick, And that part is easy to understand, right? It starts to burn. So the wake itself is starting to burn and the heat from that burning wick melts wax at that end of the candle At the top of the candle. The wig starts to absorb that liquid wax. So it wicks away the wax into the wick itself. Liquid wax. If you were to try and light on fire, it would only burn if you were using really high temperatures far hotter than what Ah burning Wick would be able to create the liquid wax in the wick continues to heat up and it starts to vaporize. And while liquid wax only burns, it's super high temperatures. Wax vapor is different. It's flammable at the right temperature of of a candle, so the vapor rising waxes what you're actually seeing burned when the candle is burning and the vapor rising Wax also has the effect of cooling the wick underneath. As it vapor rises. It's carrying heat away. So the wick doesn't just burn away. That's why the wick can remain serviceable. Even as the candle continues to burn. It doesn't just Burn up and become useless. So the wake remains a conduit for the liquid wax. So if you just set fire to a wick, if they didn't have any candle around it, it would just burn up pretty quickly and then you'd be in the dark again. But a candle isn't burning up the wick as its primary fuel. It's burning up the wax a lighter wick. Serves the same purpose as a candle Wick, which is again to convey fuel through absorption or wicking from the fuel container to the combustion area. The fuel for early lighters was, as I said. Left to that's a term that originates from the Middle East, particularly around Azerbaijan and Iran, and it was used to describe a particularly volatile type of petroleum found in those regions. But then It would get applied to all sorts of different stuff after that, like it was Described as early as the first century by smarty Pants eggheads like Pliny the elder. But later, folks would use that term to refer to all sorts of different stuff. And it confused the matter like alchemists and scholars in the Middle Ages would use it to describe pretty much any liquid with low boiling point for our purposes. We're talking about the hydrocarbon fuel. 1912, the Iran's in company introduced the wonder Light. And unlike the pistol light this lighter, actually contained fuel and used a wick. So that the Sparks would ignite the fuel that was in the week and create a sort of permanent match. That's what they called it now it was much easier to light stuff like lamps and candles. That way. You weren't just shooting sparks. You had a sustained flame, and you could use that to light other stuff. And there may well have been other lighters in a similar vein of this type that might have even been invented before the wonder light. But as it turns out, this is one of those topics where it's really hard to find a definitive history on the subject, and it's also difficult to trace back. Who created the very first version of whatever particular incarnation you're looking at. 1926 Bronson introduced a super cool lighter. A pocket later called the banjo. This lighter had a button essentially a lever. So imagine a little lighter where you've got a lever and you push down on the lever. And when you do that, it has sort of a double action result. One is that this pushing down would also turn a striking wheel that would rub up against the barrel Siri um and thus create a spark, but the other effect was that it lifted a cap. Off of the wick for this lighter, So when the lever is in the up position unprecedented, the cap is down. Pushing down on the lever creates the spark and Reveals the wake in the same go so the spark can hit the week That's got fuel on it. And then the Wiccan light letting go of the button. A songs you hold the button. The light is the light's still remains. The flame is still lit. Well, they go the but means the cap comes down and it extinguishes the fire because it cuts off the supply of oxygen which is again one of the three things we need in order to sustain a fire. You need the fuel. You need the heat and you need the oxidizer. So you remove the oxidizer. The flame goes out. This made the banjo, the first automatic pocket lighter in the world. In 1927, the company would release a tabletop version of the banjo. So this was one that you would not Carry around with you in your pocket. It would be a piece on a desk or a table that you would use to light various things. Typically cigarettes. I don't like talking about that because I don't like cigarettes. But that was the typical application of the time. As for fuel. Well, I found a manual on how to care and re fuel a banjo lighter and boy. Howdy. Did it raise my eyebrows? Because according to the manual, you could use quote, high grade gasoline, benzene or energy in as fuel. Gasoline. That lighter must have smelled terrible. So to refuel. It had to screw caps on this lighter. A big one in a small one, so you would want to unscrew the larger of the two screw caps. And that would open up a, uh, access to the fuel chamber. And presumably, you would then use Ah, funnel and you would very carefully refuel the lighter or else risk spilling something like gasoline all over it and turning into a very dangerous one Use item. The other screw cab. The smaller one was for the chamber that held the piece of pharaoh Syria in place so that the strike wheel would maintain contact with the pharaoh Syria. And so imagine that you've got this little piece of this material that when it struck, it gives us sparks and it's being held against this wheel through the use of a spring that slightly compressed, so the screw cap opened up the chamber where the spring wasps, So if you're fair, a Syrian ran out. You know you're spinning the wheel, and those sparks are coming out. Prime means that there's no more Farah Syria more that it's been worn down so far, that's no longer making contact with the wheel. Would unscrew the screw cap. You take the spring out. You take out whatever little remnants of the pharaoh Syria of you had in there. You put a new piece in to that chamber. A new piece of Pharaoh. Siri, Um You would put the spring back in to the chamber, and you would have to compress it down a little bit.
"second component" Discussed on Newsradio 970 WFLA
"A sustained flame. Ah, lighter would need an additional component, one of the three components that make up the fire triangle. One is the piece of Pharaoh Siri. Um, which, as I just mentioned frequently gets referred to as the Flint even though Flint in Farrell, Syria, mar very different things. But the second component is the striker, which in many lighters is a wheel that has a ribbed outer edge and that is pressed against the pharaoh. Syrian. Where're rather I should say the pharaoh Syria is pressed against the wheel. The third component is a wick as in a week like like what you would find in a candle and the purpose of the Wick is to transfer small amounts of some sort of fuel, such as nothing to From a fuel container section of the lighter to the area, where the wheel and the Pharaoh's Syria mar generating sparks. And clearly you want that to be a separate area from the main source of fuel. Otherwise you'd be igniting all the fuel in one go and that would be wasteful and probably pretty darned dangerous. The wake is sort of like a fuel highway. It's very similar to the way Wick works with a candle. So let's talk about the physics involved in that for a second, because candles or something I never really thought about in the sense of how do those work? I mean, why would you Even bother in casing a wick in wax. Why not just burn the wick material? But that is going on here. All right. So when you light a candle, you light the end of the exposed Wick, And that part is easy to understand, right? It starts to burn. So the wake itself is starting to burn and the heat from that burning wick melts wax at that end of the candle At the top of the candle. The wig starts to absorb that liquid wax. So it wicks away the wax into the wick itself. Liquid wax. If you were to try and light on fire, it would only burn if you were using really high temperatures far hotter than what Ah burning Wick would be able to create Liquid wax in the wick continues to heat up, and it starts to vaporize. And while liquid wax only burns it's super high temperatures. Wax vapor is different. It's flammable at the right temperature of of a candle, so the vapor rising waxes what you're actually seeing burned when the candle was burning and the vapor rising Wax also has the effect of Cooling the wick underneath as it vapor rises. It's carrying heat away, so the wick doesn't just burn away. That's why the wick can remain serviceable. Even as the candle continues to burn. It doesn't just Burn up and become useless. So the wick remains a conduit for the liquid wax. So if you just set fire to a wick, if it didn't have any candle around it, it would just burn up pretty quickly and then you'd be in the dark again. But a candle isn't burning up the wick as its primary fuel. It's burning up the wax. A lighter Wick serves the same purpose as a candle Wick, which is again to convey fuel. Through absorption or wicking from the fuel container to the combustion area. The fuel for early lighters was as I said Neffa. That's a term that originates from the Middle East, particularly around Azerbaijan and Iran. And it was used to describe a particularly volatile type of petroleum found in those regions, But then it would get apply to all sorts of different stuff After that, like it was Described as early as the first century by smarty Pants eggheads like Pliny the elder. But later, folks would use that term to refer to all sorts of different stuff. And it confused the matter like alchemists and scholars in the Middle Ages would use it to describe pretty much any liquid with low boiling point for our purposes. We're talking about the hydrocarbon fuel. 1912, the Iran's and company introduced the Wonder Light. And unlike the pistol light this lighter, actually contained fuel and used the wick. So that the Sparks would ignite the fuel that was in the week and create a sort of permanent match. That's what they called it now it was much easier to light stuff like lamps and candles. That way. You weren't just shooting sparks. You had a sustained flame, and you could use that to light other stuff. And there may well have been other lighters in a similar vein of this type that might have even been invented before the wonder light. But as it turns out, this is one of those topics where it's really hard to find a definitive history on the subject, and it's also difficult to trace back. Who created the very first version of whatever particular incarnation you're looking at. 1926 Bronson introduced a super cool lighter, A pocket later called the banjo. This lighter had a button essentially a lever. So imagine a little lighter where you've got a lever and you push down on the lever, And when you do that it has sort of a double action result. One is that this pushing down would also turn a striking wheel. It would rub up against the pharaoh, Siri, um, and thus create a spark. But the other effect was that it lifted a cap off of the wick for this lighter, So when the lever is in the up position unprecedented, the cap is down. Pushing down on the lever creates the spark and Reveals the wake in the same go so the spark can hit the wick. That's got fuel on it. And then the Wiccan light letting go of the button. A songs you hold the button. The light is the light's still remains. The flame is still lit. Let go of the button means the cap comes down and it extinguishes the fire because it cuts off the supply of oxygen which is again one of the three things we need in order to sustain a fire. You need the fuel. You need the heat and you need the oxidizer. So you remove the oxidizer. The flame goes out. This made the banjo, the first automatic pocket lighter in the world. 1927. The company would release a tabletop version of the banjo. So this was one that you would not K around with you in your pocket. It would be a piece on a desk or a table that you would use to light various things, typically cigarettes. I don't like talking about that because I don't like cigarettes, but That was the typical application of the time. As for fuel. Well, I found a manual on how to care and re fuel a banjo lighter and boy. Howdy. Did it raise my eyebrows? Because according to the manual, you could use quote, high grade gasoline, benzene or energy in as fuel. Gasoline. That lighter must have smelled terrible. So to refuel. It had to screw caps on this lighter. A big one in a small one, so you would want to unscrew the larger of the two screw caps. And that would open up a, uh, access to the fuel chamber. And presumably, you would then use Ah, funnel and you would very carefully refuel the lighter or else risk spilling something like gasoline all over it and turning into a very dangerous one Use item. The other screw cab. The smaller one was for the chamber that held the piece of Pharaoh Siri, um, in place so that the strike wheel would maintain contact with the pharaoh Syria and so imagine that you've got this little piece of this material that when it struck, it gives us sparks. And it's being held against this wheel through the use of a spring that's slightly compressed. So the screw cap opened up the chamber where the spring was. So if you're fair, Syrian ran out. You know you're spinning the wheel and those sparks coming out. Prime means that there's no more fair Syria more that it's been worn down so far, that's no longer making contact with the wheel. Would unscrew the screw cap. You take the spring out..