30 Burst results for "Silbert"
CoinDesk Podcast Network
DCG-Owned Luno Cuts Staff by 35%
"We have a very wintry mix of crypto stories out here today, starting with some layoff news from will. What do you got? That's right, global crypto exchange Luna is laying off about 35% of its staff, part of Barry silbert's DCG empire. It has offices in Singapore, London, and elsewhere around the globe. This is pretty bad news. Just adding more to the layoff story that we've been covering for quite a while. There's been about 29,000 layoffs according to coin desks own numbers since the beginning of the crypto bear market earlier last year. So just more numbers in terms of headcount, number seems to be a bit all over the place. Some numbers showing that Luna has about 900 employees and now trim about 300 staff, others showing that there's about 600 employees in trimming down about 200 SaaS. So we don't quite know for sure about 35% is a pretty wide margin. Luno has about 10 million different users around the globe, and they service different crypto assets via its exchange product. Of course, this is just part of DCG empire. They also own coin desk, genesis, foundry, and a few other firms such as grayscale. Zack going through the story over to you more bad news to begin the week. Yeah, for sure, man. This is the story about C 5 despite, you know, some pump and token prices and maybe some excitement, maybe a bit of macro tailwinds, still cfi is trimming headcount quite significantly. So I think there's the secular issue here, right? We saw that graphic with all the exchanges that are laying off significant chunks of their workforce. And then there's the specifics as it relates to DCG, which is in hot water, a relative to genesis, filing for bankruptcy last week, and potentially some of those dominoes falling and spilling over into some of their other assets. So Luna here is got a pinch by both those factors. And as a result, you're seeing significant job cuts announced by this exchange. So that to me is where Luna finds itself. It's pretty bleak and it adds to that really big number 29. Maybe 30,000 crypto jobs cut since April that coin desk is doing a good job keeping a running tally on.
The Breakdown
Would a Genesis Bankruptcy Actually Be Good for Crypto?
"All right, Friends, we are back with another discussion of 2022 cleanup, although today's news I would argue could be a heck of a lot more bullish than it might seem at first. So of course, one of the biggest outstanding questions after the fall of FTX has been how far the fallout and contagion might go. And fallout there has been. For example, there has been a significant chilling of the relationship between the crypto industry and the Washington D.C. establishment. However, frankly, the main short term thing that people have been worried about is whether the collapse of FTX would cause other crypto institutional failures. In that context, the biggest spotlight has been on genesis and its parent company digital currency group or DCG. I say this every time, but DCG is also the parent group of coin desk. Now, genesis was hit hard in the three arrows capital collapse. They lost about 2.4 billion in loans out to the hedge fund, and ultimately ended up their biggest creditor with a $1.2 billion claim after liquidating collateral. That claim was eventually moved over to the books of DCG, a move which would later complicate DCG other liquidity issues. When FTX went under, genesis announced that they had something like 175 million trapped there, but it seemed there were bigger issues than that. That same week, genesis lending halted withdrawals, which was problematic both for their main customer base, as well as for the users of Gemini urn, which was crypto exchange Gemini's yield feature. Gemini users have about $900 million or so stuck on genesis as we record. And since then, the tension around the situation has done nothing but grow. Over the past few weeks, there has been an ever escalating war of words. Cameron winklevoss the co CEO of Gemini has published two separate open letters around the case. The first being directed to DCG CEO Barry silbert, accusing him of bad faith stall tactics, and asking him to meet with them to find a resolution, and the second being to the DCG board. Basically demanding that silbert be removed from the CEO role.
The Bitboy Crypto Podcast
"silbert" Discussed on The Bitboy Crypto Podcast
"This is the smell of the leftover tuna fish sandwich you left in your lunch box over the weekend in a wimpy trash bag. And this is the smell of that same sandwich in a hefty ultra strong trash bag. Smell the difference? Hefty ultra strong has Armin hammer with continuous odor control. So no matter what's inside your trash. You can stay one step ahead of stinky and for bigger jobs try the superior strength of hefty large black bags. There's a lot of trad 5 phones in crypto. Kevin O'Leary, chamath Paul hapeta, plenty more to choose from. Today we're going to be talking about one Larry summers who was under the former Obama administration and Clinton administration
Crypto Briefing
Geminis Cameron Winklevoss Calls for Barry Silberts Ousting as DCG CEO
"2 p.m. Tuesday, January 10th, 2023. Gemini's Cameron winklevoss calls for Barry silbert's ousting as DCG CEO Jim and I made a new move against digital currency group today when cofounder Cameron winklevoss called on the company's board to fire Barry silbert. A campaign of lies the tension between
Unchained
Why Gemini Users Are Mad at Genesis and DCG
"We are back. It's the new year. Things are still happening. A lot of the real big dramas of the last December November period are in the process of unwinding. The biggest among them is the situation going on with our friends at DCG. So for those of you who've been following along, there's a big spat between DCG, Gemini and genesis. So genesis, if you recall, giant lender, they're going under, or at least are very close to going under if they don't manage to renegotiate things with some of their some of their creditors. So now one of their biggest creditors or I think actually the biggest creditor is a product called Gemini urn. Gemini earned is basically like a coinbase earn or Celsius type product where you retail users deposit capital. And that capital was being lent through genesis to generate yield. So the Gemini Ernst was frozen. Because of the fact that genesis was frozen, genesis is no longer processing withdrawals. And Gemini understandably is very upset about this as our there are hundreds of thousands of customers. So we've seen this big, very public back and forth now between the Gemini leadership and DCG, their leadership is namely Barry silbert. And so we saw this sort of dueling public statements going back and forth. Genesis and DCG basically claiming that, hey, we've been responsive. We're trying to negotiate the best solution for all the creditors. We're trying our best here. A few days ago, we saw the Gemini CEO Cameron come out and say, hey, we don't think that DCG, we don't think they're acting faithfully in good faith. We think that they are screwing with us. They're kind of dodging our calls. They're not willing to actually negotiate. And most notably, in the most recent letters, there was, I think, three rounds of back and forth. In the most recent letter, Cameron comes out and accuses DCG of fraud.
CoinDesk Podcast Network
The SEC Targets Gemini and Genesis
"Going to talk about the SEC action as it was dropped yesterday. I'm going to put will in the spot for this one. SEC Gemini genesis, what's your take on this one? This is a whole new chapter in the Gemini genesis feud. There is a lot going on here. In Zach, I kind of want to fact check you. I'm not sure if you're quite right. I think there was a little change in the language in that video because he did call back to BlockFi and then forcement action there. But I think 90% of that video was old. I think they just substituted a little bit in there. So yes, hats off to Gary gensler for reusing content. The cheapest way to do it. But let's talk about the winkel vibe in their reaction to what happened yesterday. So if genesis and Gemini feuding publicly on Twitter, we have Barry silbert, and the winklevoss going at each other in front of everyone. It's been great and spectacular to watch unless you have funds on Gemini earn that is, of course. But we have nice tweet from Tyler, winklevoss yesterday, saying, quote, it's disappointing that the SEC chose to file an action today as Gemini and other creditors are working hard together to recover funds. This action does nothing to further our efforts and help earn users get their assets back. Their behavior is totally counterproductive. He goes on in his tweet to say that the SAT did not even give notice to Gemini or genesis before filing here. In fact, they just sent out press release, issued some tweets, put up this cute little video and let the wreckage start on Twitter. And that's a pretty tough place if you're in Gemini or genesis seats, right? Like they're already dealing with very angry customers, they're already dealing with huge holes and losses in their balance sheets. And then Gary Gonzalez comes up from the top roads and hits him with the steel chair. It's a very unfair and it's pretty spectacular to watch.
Bankless
"silbert" Discussed on Bankless
"There's no bags to shell. There's this token, all right? And how can anybody be mad about this? External to crypto. It's literally a net good created. It's a public good, created as a byproduct of the existence of Ethereum. If Ethereum didn't exist, I don't think we could have a decentralized identity tool like signing with Ethereum. And if, by the way, you don't know what we're talking about right now at this point. Why this is so great or why David and I are so excited about it. Stay tuned for that episode. I think it's coming out next week. Next week is Tyler Cowen. On Monday, but the week after, I think is when we have this slated David. Yeah, but it'll be next week for bankless premium subscribers who get them really released. There you go. And yeah, you tell us if you think it's as important as an episode in topic as we do. So David, maybe the week, what do we got this week? Maybe the week, maybe the week I saw this one on Twitter. We might have actually done this before. I think we have. But since it was a CPI print day today, we're bringing this meme back. And it's the meme of the chat human looking at a monkey, the chat human is saying, you're such a dumb animal. And then the monkey responds, you're waiting for the fed to tell you how much value your anti establishment digital currency will lose. We are kind of doing that. We are subject to the gravitational forces of the fed, aren't we? But that's the system we're trying to disrupt. We're just not there yet. Yeah, we got a long way to go. Stay tuned for the moment of zen this week, by the way. The great moment of zen, if you are listening to this on the podcast, it's a good song. But it is an even greater video. So definitely watch it on Twitter, which is where it's hosted. And that's that. Well, I'll end as I always do. Wrist and disclaimers, of course, crypto is risky. So is DeFi. You could definitely lose what you put in. But we are headed west. This is the frontier. It's not for everyone, but we're glad you're with us on the bankless journey. Thanks a lot.
Bankless
"silbert" Discussed on Bankless
"All right, what do we got coming up next, David? We're going to get into questions from the bank list nation. And this is coming out of the bankless nation Discord, which Ryan, did you know that we completely revamped the structure of the bank list nation Discord? I didn't know that. It's looking pretty good. The conversation's hot, what's going on? What's the talk of the Discord this week? And by the way, how do people get into that Discord? Because you can't just click a link, right? Yeah, so there will be one soon. But there is a link in the show notes. If you want to go into the Discord channel to ask Ryan and I questions because every single Wednesday before we record this episode on Thursday, we go into the weekly roll ups questions channel. We at everyone and say, hey, what questions do you want us to read out on the weekly roll up? And so there's that. There's that channel. There's also a bunch of other channels. Like I said, we completely reorged them. So there's a lot of vitality being injected into the Discord. And so Ryan, are you ready to get into questions? Okay, so the first question is from walshy. While she says, the first crypto conference I ever went to was permissionless. I guess that was last year. Sorry to ask you somewhat chill your own conference. I'm so glad. But I had an absolute blast and it was my first real web three social experience. Everyone I met was so warm and the vibe is best described as welcoming galvanizing. I learned so much by following your advice and taking as many people as possible to all of the talks and booths and meetings and everything else. What could we expect from permissionless V two in Austin later this year? And so it's in Austin. When is permissionless V two and what can people expect, David? Yeah, permission last 2023 coming in hot in September 11th through 13th of 2023. That says here. So you got 8 more months to come. It's going to be a lot bigger. The biggest take I heard was when I told people that permissionless was a first year conference last year, it was like, what? I'm super proud of that fact. And the blind now the block works team feels similarly. So the second round of permissionless permissionless 2023 is just going to be that much bigger and better because it will be our second time doing this. So we've got Eric Voorhees locked in as a keynote speaker. We got Mary Catherine lauder from uniswap. We got Justin Drake, of course, coming back hazus coming in. Donnie's coming in. Zaki Manning is coming in. And we're 8 months out. So we haven't locked in and even all the big super chat speakers that we really want to, which is to say nothing about how Chad Eric Voorhees is. And so I'm super stoked for everything that we're going to do.
Bankless
"silbert" Discussed on Bankless
"Boring number in all of finance because for the last decade or two, it's always been like 2%, never changed. Quite volatile these days. What do you think? Are we done with inflation? So we just recorded our podcast with Tyler Cowen, which comes out on Monday and he mentioned that we really need to see three months in a row of decreasing inflation to really feel okay ish in confidence about the trend here. And he was and we recorded with him a few days ago and this was the print that we were looking for to see if it would continue to trend down for three months in a row. And it is. And so he said three months is what you need to start having some amount of confidence. So I think we are in the earliest stages of being able to have some amount of confidence about a downwards trend. And I think every single month after that, where we continue to print lower, we're just going to start stacking on the confidence and the confidence and the confidence and that's really what it takes for risk appetite to come back. And so we are on to the first of many boxes that are checked, but it is the right step in the right direction. Well, let's switch back to the crypto cycles again. So some people are saying there was a lot of leverage in the system quite obvious built up in 2021 and 2022. And now that leverage is gone, it's been washed out. It's been flushed down the toilet. Bye bye three hours capital and all of the margin traders that got completely wrecked. This is a tweet from Jack. Do you want to tell us what he's saying? Yeah, Jack is saying, over leverage was the theme of the year. It was really the theme of the entire bull market being over leveraged. But how much leverage remains in the system this year? He asks, despite major blows from incumbents like FTX, Bitcoin liquidations are down significant and significantly in the second half of 2022, suggesting that the majority of leverage has been washed out. And it's probably also why we're seeing a lot less volatility in crypto asset prices is that leverage is volatile. Leverage adds to volatility. And now that things are stable, there's less incentive to take leverage because you can't really trade as much in this market. But you're just seeing a lower liquidations both on the long and short side, meaning that we are in a much more healthy, much more grounded phase in the market, which implies that we are closer to a bottom than we otherwise would be if we had a lot of leverage. Well, let's just flat out ask the question. I did on Twitter, has crypto bottomed. This was a results poll 44% said yes, 55% .3 said no. So kind of even. I call that even a little more saying no. What's your answer to that? Have we bottomed yet, David? Have we seen the all time lows of this cycle? Yeah, I mean, when we hit below $800 ether in below $16,000 for Bitcoin, that, I don't think we're going back there. Bitcoin or ether got down to $870 or something. That is the question. Do you think we bottomed?
The Breakdown
DCG Responds As Gemini Accuses Company of Fraud
"Let's get into the meat of today. And that is, of course, the DCG drama continuing. I mentioned on yesterday's show as I was finishing up recording that Cameron winklevoss had just dropped another open letter. His second in two weeks. That letter ended up eliciting the longest response we've seen for months from DCG and its CEO Barry silbert. At this point, I don't think many of you need too much background, but the ultra TLDR of the situation is that genesis is a subsidiary of the digital currency group DCG, who also own coin desk, by the way. And genesis has both a lending business and a trading business. The lending business in particular had a rough 2022. They were the biggest creditor of three arrows capital after it collapsed, which led to DCG taking over that claim and the genesis CEO resigning. Genesis also had a $175 million or so stuck on FTX, and in the wake of the FTX collapse, genesis lending halted withdrawals. Among other things, that has trapped around $900 million that was part of Gemini's earn program, which is their consumer yield program. As time has gone on, Gemini's customers have been getting angrier and angrier and so too the public pressure from Gemini on genesis and DCG is also ratcheted up. Last week, that took the form of an open letter asking for Barry silbert and DCG to come to the table by January 8th, which was Sunday. That's the letter in which Cameron winklevoss accused silbert of bad faith stall tactics his words. In the wake of that, there was a bit of back and forth on Twitter, but nothing really more than that. Then of course, on Friday, Bloomberg reported that DCG and genesis were being investigated by the Department of Justice, which took the situation up a couple more notches. Well, yesterday on Tuesday, Cameron winklevoss dropped a second open letter and this one was even more accusatory than the first. This one was directed not to bury silbert, but to the entire digital currency group board. The big theme of that letter was that this was no longer just a public disagreement between business partners, but an accusation of fraud. The letter kicks off, I am writing to let you know that Gemini and more than 340,000 earn users have been defrauded by genesis global capital. Together with its parent company digital currency group, its founder and CEO Barry silbert, and other key personnel.
The Crypto Overnighter
"silbert" Discussed on The Crypto Overnighter
"Here, encrypted, it's 10 p.m. Pacific time, my name is nicodemus and welcome back to the crypto overnighter, where we take a nightly look at the crypto NFT and metaverse space, and keep in mind nothing in this show should ever be considered financial advice. It's 10 p.m. on January tenth, 2023. How did your Tuesday treat you? Hopefully better than Mark Cuban, because a bunch of former Voyager customers are going after him. So what's going on is those customers are saying that he falsely advertised the company and that it was a Ponzi scheme. The case will be heard in a U.S. district court in South Florida in Cuban is set to testify next month. Now the judge in the case denied Cubans request to have his testimony in the Voyager lawsuit split over two hearings. He will have to give his full testimony on February 2nd, all in one go. Two employees from Dallas Mavericks and three plaintiffs will also testify. Now Cuban has made some statements that made voyagers investors angry. He did say that the vendor was low risk, and the lawsuit says that Voyager advertised itself as the official crypto broker, but it was not registered with the SEC or the CFTC or any other regulating bodies overseeing the selling of securities. And here I was thinking the spat between CZ and SPF was acrimonious. You know, right there before CZ basically sunk FTX with the single tweet kicking off the most recent round of events in a rather eventful bear market. Now, here's what I mean. Cameron winklevoss wrote an open letter to the board of the digital currency group. In that letter, he said Barry silbert is not suitable to be the CEO. He said that silbert and one of its subsidiaries, genesis global capital, scammed more than 340,000 users of Gemini's earned program. He also previously made an accusation on Twitter that genesis owes Gemini $900 million and he accused silbert of evading responsibility through using lawyers and investment bankers. A winklevoss claims that genesis borrowed over $2.3 billion from three hours capital. That resulted in a loss of 1.2 billion when the hedge fund failed in June of 2022. He also alleged that silbert, DCG, and genesis planned a carefully crafted campaign of lies from July of 2022 to make it look like DCG invested in genesis by including a ten year promissory note in its assets. Winklevoss also said that the CEO of genesis, Michael morrow, was involved in this deception by providing false and misleading statements on social media about DCG investing in genesis. He also says that some personnel in DCG tried to hide the fact that genesis was not properly financed. Winklevoss claims that if the hedge fund FTX hadn't failed, the accounting irregularities of DCG and silberg might never have been noticed. He also said that genesis did transactions involving recursive traits with three arrows and the grayscale Bitcoin trust. Using a method that he calls effectively a swap transactions. He said these transactions resulted in a loss for genesis in the firm failed to report it in their balance sheets. He said this was done to make it appear as if genesis was financially stable without actually providing the necessary financial support from DCG.
CoinDesk Podcast Network
"silbert" Discussed on CoinDesk Podcast Network
"It's the hash coming to you live on coin desk T, V, I'm Zach seward, my head is moving. And everyone else's head is moving too. That's will foxley. You guys are the best. All right, let's get up to speed on what's going on in the world of crypto news. We've got some fresh drama in the spat between DCG and Gemini. We'll take it away. Our heads are moving, but the wingle vibe wants some heads to roll. See what it did there? Pretty nice, right? The winklevoss came out this morning with a really nice letter at Barry silbert. The CEO of DCG, which also owns coin desk as disclosure, saying, we need this guy out. We need him out. So they wrote this very long letters about four pages long. They posted it to Twitter, just like they did a few days ago. A few weeks ago at this point, a prior letter saying, hey, we need to engage with conversations with DCG in order to rectify the situation for Gemini, earn customers. This morning, the escalated a little bit, saying that the board needs removed. DCG CEO Barry silbert immediately in order to rectify the situation for customers just as a recap back in November, we saw that genesis trading and lending halted withdrawals on its platform due to a hole in balance sheet and liquidity issues. Gemini urn, which has about $900 million under management, had to also withdraw or halt withdraws to its customers because they were using genesis to power their application. So now we're seeing a little more fighting on Twitter, Wendy, I know you love this stuff. You love seeing the Titans of the crypto industry buttheads, what's your take on the story? So, okay, they need to figure things out. I do appreciate the fact that they do want to kind of do this publicly, but again, you guys, at the same time, this is literally like Chase Bank and Wells Fargo, CEOs like going head to head in real life on Twitter. You never see that happen in a million years. So it does make our industry look a little bit crashed. However, I'm here for the drama. I'm a 100% for it. But at the same time, there's people's livelihoods that are going to be impacted by this. I don't understand why Cameron from Gemini is calling for berry to step down from DCG board. It doesn't really make sense to me. I feel like that's kind of like a spectacle esque part of it. I don't think that's necessary. And I don't think that's going to solve the problem. The way to solve the problem is to actually address the problem instead of arguing and whatnot. I would love to give this over to Zach for his take. Yeah, it's a pretty spicy letter. The word fraud is thrown around quite a bit. And I think what's alleged here is just an inter tangling of business interests that led to some bad stuff in the market. And I think Gemini is feeling the pain as it relates to its own program. It should be said, DCG is out here on Twitter saying that this is a publicity stunt. This is some garbage, so they definitely are putting some words back toward Cameron here. But yeah, the allegations of fraud and the allegations of if genesis were an independent business from the DCG empire, it wouldn't be doing this stuff. And it all comes down to the grayscale trade that really bit three arrows in the behind and has since many more in the behind as well. So the fact that this was entangled with some of DCG other business interests is to me what is the foundational allegation in this, again, pretty provocative letter sort of laying out what Gemini claims to be the facts of the case at this point in time. So that to me, I think, is potentially why the call is so strong to remove Barry silbert from the head of DCG, right? They say, hey, board, take some action and take some action now. It does escalate the finger pointing here in this instance. The feuding is definitely ramping up, going up a notch. I don't know if the DCG board is going to take action on this, but it's going to be really fascinating to see how this unfolds beyond just sort of the retort tweet that we've seen from the DCG handle. Wendy, it's awesome to you though. I just don't understand. I get it, but at the same time, it's like, you can't tell other people what to do and you can't tell other people how to run their business. They can't just remove him from the board just because Gemini says you need to do that. I know that they've partnered. They've done business before, but that just kind of seems really ridiculous. And again, they need to address the actual problem. Yes, everybody kind of knew the risks about the features and different stuff like that. But at the same time, I will say that Jim and I did a really, really good job leading customers know exactly what that was. I did use that product and it literally told you, like you're moving your crypto over here, this is not geminis company. It's like somebody where partnered with. So I understood that it was going to a separate entity and it wasn't part of Gemini, even though it was marketed as Gemini Ernst because I read the actual disclosures that popped up. So billionaires, gazillionaire is going to be for Jen. Give us your take though, please. So Cameron is accusing DCG of some accounting malpractice here. I think that's why he's asking for Barry silbert to step down. I think when we see these conversations play out in the public, it tells me two things. One, that there's maybe some frustration behind closed doors. They're not getting the answers that they hope to get from all of the parties involved.
CoinDesk Podcast Network
Gemini's Winklevoss Calls for Barry Silbert's Removal From DCG
"We've got some fresh drama in the spat between DCG and Gemini. We'll take it away. Our heads are moving, but the wingle vibe wants some heads to roll. See what it did there? Pretty nice, right? The winklevoss came out this morning with a really nice letter at Barry silbert. The CEO of DCG, which also owns coin desk as disclosure, saying, we need this guy out. We need him out. So they wrote this very long letters about four pages long. They posted it to Twitter, just like they did a few days ago. A few weeks ago at this point, a prior letter saying, hey, we need to engage with conversations with DCG in order to rectify the situation for Gemini, earn customers. This morning, the escalated a little bit, saying that the board needs removed. DCG CEO Barry silbert immediately in order to rectify the situation for customers just as a recap back in November, we saw that genesis trading and lending halted withdrawals on its platform due to a hole in balance sheet and liquidity issues. Gemini urn, which has about $900 million under management, had to also withdraw or halt withdraws to its customers because they were using genesis to power their application. So now we're seeing a little more fighting on Twitter, Wendy, I know you love this stuff. You love seeing the Titans of the crypto industry buttheads, what's your take on the story? So, okay, they need to figure things out. I do appreciate the fact that they do want to kind of do this publicly, but again, you guys, at the same time, this is literally like Chase Bank and Wells Fargo, CEOs like going head to head in real life on Twitter. You never see that happen in a million years. So it does make our industry look a little bit crashed. However, I'm here for the drama. I'm a 100% for it. But at the same time, there's people's livelihoods that are going to be impacted by this. I don't understand why Cameron from Gemini is calling for berry to step down from DCG board. It doesn't really make sense to me. I feel like that's kind of like a spectacle esque part of it. I don't think that's necessary. And I don't think that's going to solve the problem. The way to solve the problem is to actually address the problem instead of arguing and whatnot.
Simply Bitcoin
"silbert" Discussed on Simply Bitcoin
"And other law enforcement authorities are looking into what is going on with DCG. So if you connect those two dots, man, you know, it's a lot of coincidences, could it be that the party is still going? Is it just, are we just looking at is it just SPF of just FTX or the only ones? They have a lot of Bitcoin, man. They have a lot of Bitcoin. DCG has a lot of Bitcoin. So maybe we see more fireworks. I don't know. What are your thoughts on all this, bro? Well, at first, before I go into my thoughts, what exactly is the David Bailey? I kind of saw some stuff talking about that. They did like a website. They're trying to claim, let me pull reserves of the GBTC or something. Yeah, let me, let me pull it up. That's a great question. All right, so the redeemed GBTC campaign where a group of GBTC shareholders interested in ensuring the trust has managed to maximize the value for all shareholders. Our goals, a credible path to redemption that minimizes impact on the Bitcoin market to a reduction in management fees, three a change in management and a competitive bidding process for new trust sponsors. Interesting interesting. Well, okay. To my point that I was going to make just a tag onto what you said at the very end. It looks like the dead body you still haven't floated down river and oh man, here was me being hopeful that we are getting out of this bear market. And we shall see what happens. We shall see what kind of fireworks we see by the end of this 20 21 and 2022 bear market. Man, what a crazy, crazy time. I've said it before and I'll say it again and obviously I will double down on this. Don't buy GBTC guys. Don't participate in paper Bitcoin. This is why we tell you guys to take your Bitcoin in self custody by Bitcoin. This is the way guys, this is how you stop this madness and stop recreating the Fiat system on blockchain. Now I know that you can get GBTC three or four-o-one-ks and what have you and it's a way to get exposure to Bitcoin if you still have some money in the legacy system. There's obviously nuance in this, but I am just not a fan of paper Bitcoin and GBTC seems to be a huge paper Bitcoin Ponzi and if we learned anything in the last year, man, it's like don't chase yield or you'll become the yield and I understand again, there's obviously nuance to all this.
Simply Bitcoin
"silbert" Discussed on Simply Bitcoin
"Referred to a referred a request for comment to a DCG spokesman in a statement the company said DCG has a strong culture of integrity and is always conducted its business lawfully. We have no knowledge of or reason to believe that there is any eastern district of New York investigation into DCG. Genesis is a subsidiary whose unit offers lending services set in a statement that it does not comment on specific legal or regulatory matters. Genesis maintains regulatory dialog and cooperates with relevant regulators and authorities when it receives inquiries, it said. The SEC and U.S. attorney's office for the eastern district of New York declined to comment it's unclear which intercompany activity is drawing scrutiny. I mean. I mean, look, I think that things are definitely developing, like I said, public figures like this that have such a high profile for them to make statements like this isn't it's not just like just an on and on on Twitter saying talking his mouth. Like this is a very public figure and when you say things like this, it has consequences. So a very strong statement he is accusing him of fraud, holy cow. So moving on on the other front, this is David David Bailey, CEO of awesome Bitcoin company, your friends over at Bitcoin magazine. And it looks like he's starting this movement. He started this movement to get a large majority share of the GBTC and it looks like he's starting. He's starting to do that. And here's some tweets. Throughout the day. Throughout the last couple of days, it's time he's calling for Barry silbert to resign. He's retweeting a camera winkle vie, bravo. Now let's talk about DCG and almeida and the billions they sold from FTX users. So David Bailey's is proposing is that apparently there was collusion between Barry silbert and SPF of almeida. This is crazy. This is absolutely nuts. And I was posting memes. This is simply Bitcoin. So we do have the cover the memes burnt toast. Absolutely hilarious. And it looks like there are campaign has been somewhat successful. We've now heard from 2000 investors representing 25% of the shares of GPT C, it's time for a change free the Bitcoin.
Simply Bitcoin
"silbert" Discussed on Simply Bitcoin
"On a hot wallet. Hot wallet for anyone who doesn't know is any wallet that's connected to the Internet. Anyways, you want cold storage. This is Barry silbert ladies and gentlemen. Barry silbert has a net worth of 3.2 billion U.S. dollars and Barry silbert is in trouble. Looks like and we're gonna dive into the Bloomberg article in a bit, but I want to give you guys a little bit of context. So first Barry silver is the founder and CEO of digital currency group, a conglomerate of 5 cryptocurrency focused companies, DCG biggest revenue generator, digital assets manager, grayscale. I'm sure you guys have heard of grayscale before. That is what GBTC is. Anyways, so what does digital currency group own, right? There's a lot of familiar faces. I'm sure, to a lot of you guys, foundry. You have coin desk as well. And of course, you just heard grayscale investments and genesis global capital. Now, genesis global capital is really interesting because that's what Gemini the Gemini exchange was using to provide yield product to their customers, of which now no one can get their money out. There's about $900 million worth of customer funds that they don't nobody has access to. And of course, the winkle vie are making a commotion about it on Twitter, but now it's escalated. Camera winkle vibe just tweeted this out. Earlier today. And let's check out some of the letter, but it goes on to say he's accusing Barry silbert of fraud. It's got into that point. Very interesting to see where this goes. And keep in mind, right? I just read it to you guys. Grayscale and Barry silbert, they have $28 billion worth of Bitcoin under management, right? So if it affects them, it could potentially affect the Bitcoin price. But if you've been following our advice for a very long time, this doesn't affect you because it just means cheaper sats. Don't use margins, don't outsource the personal responsibility of the storage of your wealth. Keep that Bitcoin taken into self custody, baby. Anyways, so I'm going to read some of the letter. Hopefully I can get through the whole thing. It has an open letter to the board of digital currency group. I am writing to let you know that Gemini and more than 343 140,000 earn users have been defrauded by genesis global capital. That's a very, very strong statement. Together with its parent company, digital currency group, its founder CEO Barry silbert and other key personnel, these parties considered to make false statements and misrepresentations to Gemini, earn users, other lenders, and the public at large about the solvency and financial health of genesis. Okay, fine. That could be true. It could be true. But this wouldn't have happened to you if you've stopped trusting other people with your money and started trusting yourself.
Simply Bitcoin
"silbert" Discussed on Simply Bitcoin
"All right, everybody at the time of recording, the Bitcoin price is 17,320 sats per dollar, 5774. The block height, 771,309, reachable. Bitcoin nodes, 15,039, blocks to the happening, 68,691, the having estimate April 25th, 2024, total lightning network capacity, 5185 Bitcoin, capacity value, 89 million U.S. dollars, realized monetary inflation, 1.76%, and the market capitalization of Bitcoin, 333 $1 billion with the B and the grand scheme of things Bitcoin is this tiny little baby. Anyways, anyways, opti. Opti. Opti, we have a lot to talk about. Here is Harare. Which wrote very famous book. Homo homo. Oh my God. APN's right? Yes. The book's called sapiens. There we go. He wrote some other books. Yeah. So harari, World Economic Forum, type of setting, and he's talking about money. And sitting across from him is the convicted the convicted felon. That's not that's actually true. The head of the European Central Bank, which was the head of the IMF, Christine Lagarde, which is absolutely crazy. That's the head of the European Central Bank and she is, she is the one that is talking crap about a talking back talking crap about Bitcoin. So yeah, it's called homo deus, by the way.
Simply Bitcoin
"silbert" Discussed on Simply Bitcoin
"You. Oh man, technical difficulties just started out. Welcome to simply Bitcoin where your number one source for the peaceful Bitcoin revolution in color breaking news, culture dramatic warfare. We will be your guide through the separation of money and state. Wow. Wow, I was so excited. I was clicking the button ready, ready to start off the and. Dude, you disappeared. You weren't even in the studio and it started. I'm like, okay, what's going on? Oh man, but this is why you're here. This is why you're here. My awesome co host, how are you doing opti? How are you feeling this morning? I am doing good. I was just telling everyone the space. I am jacked up on coffee, so you know I'm feeling good. I'm excited for today's show. Without coffee. Dude, honestly, I used to not be addicted to coffee. This is a new thing for me. And I think I'm gonna blame the simply Bitcoin family because I need to be high energy for the show every single day. You know, I gotta be aware when I wake up early in the morning, prepare for the Twitter account. So, you know, this is my life now. Guys, I do this for you. I suffer for you guys. Oh man, opt is on the mission. Are you on the mission? That's the question. Okay, so today guys, we have an awesome show. We're going to talk about Barry silbert Barry silbert for anyone who doesn't know. Is the CEO of the digital currency group. They own a ton of companies. They also have a huge amount of Bitcoin under management. And he's in trouble. He's under fire. If you guys have heard of GBTC, that hold debacle that's been going on. This is the man behind it. So we're going to talk about a lot. We're going to talk, we're going to dive deep. We're going to see what's going on. It looks like there's an investigation, looks like the winkle vie are freaking out as well. So we're going to get into all the details of that. Of course, we bring the receipts and we have a very special video that I want opti to react to. And I saw these ex-girlfriend Christine Lagarde in it. So it's going to be interesting. Opti, what do we have during the culture, my friend? Well, we're going to do a little mini tribute to how Finney. Today is the 14th anniversary to the very famous and legendary tweet on Twitter of running Bitcoin. So we're going to show some love on that front and maybe make people more aware of who Hal Finney is.
Decrypt
This Week on Crypto Twitter Winklevoss Beefs with Silbert Over 900 Million, SBF Donations Tied to ProTrump Organizations
"11 p.m. Sunday January 8th, 2023. This week on crypto Twitter winklevoss beefs with silbert over 900 million. SPF donations tied to pro Trump organizations. Twitch streamer and NFT creator DNP three confesses to squandering investors funds to feed his gambling addiction.
Bankless
"silbert" Discussed on Bankless
"For someone thinking like, oh, is this just David's bag bias? He has much more Ethan he has Bitcoin. I don't even know if he has any Bitcoin. So of course he's talking about eth. Right. Does this matter beyond your bags, David? So this goes back kind of why we made bank this in the first place is we had theses and ideas about how crypto economics works and we didn't feel like the rest of the crypto world had heard these theses. And no one was broadcasting them. And the whole eth is money thesis is largely where bankless started. Back in 2018, 2019 when you and I were first getting to know each other. The whole east is money thing was a very contrarian bet. And so we came together over that shared frustration. It's like, why don't people understand ether like this protocol? Also DeFi data. Also DeFi, yeah. And so the ether is the best crypto asset of all time. If not the best asset in the world ever, it's one of our foundational feces that has pioneered our own thinking in this space. And as a result of my belief on that, I have purchased a bunch of ether because that aligns with my theses and beliefs about how the future of crypto will be. And so my claim is that the crypto economics of Ethereum is just 1000 times more sound than bitcoins, and I expect that to show up in the price sooner or later, especially after the merge and proof of stake and EIP one 5 5 9. So this is a bet based on the thesis. How about this? What are we looking at this tweet, David? Okay, so this is there's two charts here, and we're looking at the first one. This left chart is how bullish. If you believe in the flippening thesis, this is roughly about how bullish you are. The ether is Bitcoin ratio. This is the Bitcoin ratio chart. And I've drawn a green line at the end to indicate where I believe that we are going. We are currently at .074. And I think we will this is what people who believe in the flipping think that we're going to do. It's like, oh, we're going to flip in Bitcoin at .17. And that will take somewhere between one and three, four more years to get that done. And so that's what this chart shows. This is why the typical flippin air believes. Here's what I believe, Ryan. Which is what have you done here? Shortened the time range here? No, I've actually increased the time range. And so this arrow goes all the way out to 2030, but where people think the flipping happens at .15. Yo, keep going, guys. Because once ether flips Bitcoin, there's no reason why it can't keep going after that. It doesn't stop after a flipping Bitcoin where you flipped Bitcoin a second time. And a third time, and a fourth time. And it definitely takes time. But by the way, so when you put it the ratio, the other way you could that this could play out is Bitcoin collapses. It could go down versus ether, for sure. Do you think that's a possibility? I don't think that some people. I don't think Bitcoin collapses. So I just think it has a cap on the stagnant. Proof of work is a fundamentally a cap on growth, because as your price of your proof of work token goes up, so does the net average cell pressure. And so the arrow at this point where it's pointing to Ryan is at .7
Bankless
"silbert" Discussed on Bankless
"I mean, I'm always happy to try and put on armchair psychologist David. But some sort of prince syndrome might be in effect here by his Harvard highly educated elite parents treating him like a prince and telling him. And this is a quote from the article. Sam baker's freed self image, in other words, is both of a gifted and good person. We are watching that clash with the reality of his behavior that of a conniving stimulant addicted screw up. And they also talk about the disposition of his parents. We saw signs during the hearings in The Bahamas that his parents are struggling in similar ways to reconcile their idea of their son with the reality of his actions. Barbara fried Sam's mother was seen laughing at descriptions of her son as a criminal. Wow. Yeah. That is delusional. I don't know what to make of that. Again, we'll have to see how this turns out. But what's the probability that Sam goes to jail this year? Do you think that's a slam dunk? I think it would be rational to bet my net worth. Yeah. It would not be rational because there's no upside, David. You don't have to do that. What do you mean? Well, I bet it. Yeah, it's a double or nothing. Yeah, if I don't mind doubles. I don't know, I wouldn't do that. You wouldn't do that? I definitely wouldn't do it. I think that's a rational bet. I think so. Well, I would say I'm 90% certain is how I'd phrase it. So will you put 90% down? This is like betting on ripple or doing something like this. I don't do that. Either down or up, I don't bet against it. Who knows what could happen. The world is a very strange place. Let's talk about the winklevosses versus Barry silbert talking about a strange place that we're in. They put out an open letter on Twitter this week. What does this say from Cameron winklevoss? Yeah, it's basically a damnation of Barry silbert and digital currency group and how it is up to Barry to make things right again that Barry has the power to make things right again. And he's not doing that. And so I'll read one specific paragraph. The idea in your head that you can quietly hide in your ivory tower, and that this was all just we'll just magically go away or that this is someone else's problem. It's pure fantasy. To be clear, this mess is entirely of your own making. This is Cameron and Tyler winklevoss, two berry silvert. Digital currency group, of which you are the founder and CEO, owes genesis, $1.67 billion. That is the money that genesis owns to Gemini earn customers and other creditors. You took this money, the money of school teachers, to fuel grudge, yeah, right? To fuel greedy share buybacks, illiquid venture investments, and kamikaze, grayscale, net asset value trades that balloon the feed generating AUM of your trust, all at the expense of creditors and all for your own personal gain.
Bankless
"silbert" Discussed on Bankless
"No, basically it looks like I'm like Frodo and aragorn and poor mirror or something. I look like a child. I'm child sized compared to these people. Anyway. What's the size chat of arbitrum? What's this graph we're looking at? So on the left, we have the deposits of eth into arbitrum one, which is totaling a little bit over 800,000. And on the right, we have deposits in eth to literally every single other layer two, which is coming up to 700,000. Now this isn't TVL, this is to be. This is eth. This is ridged eth, which is, in my mind, the best kind of TVL, but you're right, not all TVL. And so arbitrum is literally the size Chad of layer twos. So congrats to the arbitrary ecosystem. And one thing I've definitely noticed on Twitter is that the arbitrum community has started to delineate into sub communities. And so you're seeing that same sort of thing that we saw on Ethereum over 2020 to 2022 of Ethereum developing into its own sub communities and communities. You're seeing that in arbitrary as well. So the arbitrage like ecosystem is really strong. Yeah. We'll see. This is another snow globe where this is just getting started at this competition for L twos is just getting started. And so I would love to see this number at the end of 2023. David, what do we got? Coming up next. Sbf pleads not guilty. Bold strategy. We'll see how that plays out. The wink of I of twins pick a fight with Barry silbert of DCG and genesis on Twitter and again, like I said, and not so great update from the Celsius court proceedings. So that's all the big news of the week. And so we'll get to all of these conversations and more. But first, a moment to talk to kraken, who is our strategic sponsor of 2023, because kraken knows that if you're going to adopt crypto protocols, you're going to adopt crypto values. And that philosophy has been why kraken has stuck around for over 12 years now. And so we're going to hear from them right now. Cracking has been a leader
Simply Bitcoin
"silbert" Discussed on Simply Bitcoin
"And your advisers, a proposal on December 29th and has not received a response. There you go again. Stop trying to pretend that you and DCG are innocent bystanders and nothing to do with creating this mess. It's completely disingenuous. So how does DCG O genesis 1.675 billion if it didn't borrow the money? Oh, right, that's a promissory note. Will you or will you not commit to solving this by January 8th in a manner that treats the 1.1 billion promissory note as 1.1 billion? So and I'm going to repeat the message so that you guys don't forget it. Stop trusting other people with your money or the SPF thing wouldn't happen to you that Alex machinsky would have happened to you or this genesis debacle wouldn't happen to you. And genesis sorry Gemini as an exchange has one of the best reputations in the space and it's still happened to them because people are chasing the yield number one and number two, not your keys, not your Bitcoin. If it's not in your custody, is it really, is it really yours? Or are you putting a lot of faith in someone else, a lot of trust in someone else and history has shown that people tend to abuse that trust over and over again, now that you have the technology not to have to do that, you know, what is the definition of insanity trying the same thing over and over again and expecting different results? Yeah, if you're not taking Bitcoin into self custody, you are insane. Because you're literally expecting nothing bad to happen, but things continually happen that are bad. Over the last ten years, like what the fuck is that about? Anyways, obviously, what are your thoughts on this, bro? I mean, you've been here long enough. This should not, this is not surprise you whatsoever. Well, I mean, I think we went pretty hard on this whole message last year. I didn't read the open letter actually like myself. So I don't know what's actually in that letter of what he's saying. But the message. I spared everyone the wanting to tear your ears out because it was just like all like, it's not me, camera winkle vibe that's responsible for this. We didn't choose to add Gemini earn on the platform even though we knew everything about it. It is really very silbert. It's problem. And everyone should get everyone should get mad at Barry silbert, but my message is a Bitcoin or
The Crypto Overnighter
"silbert" Discussed on The Crypto Overnighter
"Here, encrypted, it's 10 p.m. Pacific time, my name is nicodemus and welcome back to the crypto overnighter, where we take a nightly look at the crypto NFT and metaverse space, and keep in mind nothing in this show should ever be considered financial advice. And here we are, January 2nd, 2023, 10 p.m. on a Monday night, and remember what happened the last time a couple of crypto CEOs decided to have a slap fight in front of God and everybody. That's right. I was CZ. I was FTX, and that was SPF. And it ended up with FTX demonstrate. Now, one wonders if the same thing is about to happen again, because Cameron winklevoss, cofounder of Gemini, accused Barry silbert, CEO of digital currency group of stalling and paying back over $900 million owed to Gemini earned customers. Silbert denies the accusations. Genesis is a crypto broker owned by digital currency group. They stopped customers from withdrawing their money in November. The company owes about $900 million to users of Gemini urn. Which is what led to one of the founders of Gemini, accusing the CEO of digital currency group of not paying money back in good faith. Winklevoss tweeted an open letter to various silbert on Monday. In that letter, week of us accuses silbert and DCG of avoiding the issue. He wrote that Gemini has attempted to find a mutually agreed upon solution for returning funds to users in the dispute with DCG and genesis. He said that he understands that there are costs associated with restructuring. And that things may not always move quickly. However, he also accused sobered of not acting in good faith and intentionally delaying the process. He said silbert has refused to meet with the leadership of Gemini to discuss the situation. He said they've refused to set a timeline for resolving it. He wrote that silbert's behavior is not acceptable and is wrong. He also said that silbert's belief that he can wait for the problem to disappear or that it's somebody else's responsibility is also not realistic. He continued, saying that DCG owes genesis about $1.675 billion. This includes a $575 million loan due in May in a $1.1 billion promissory note due in June of 2032. Now that's related to the three arrows capital meths. Winklevoss said that these figures were shared by sober with investors in November. Now silbert is having none of this. He tweeted a response to these accusations. In his tweet, silbert denied the accusations. He said that DCG recently made a proposal to both Gemini and genesis. Further, sober tweeted that the company did not borrow that $1.675 billion. And that it has never missed a payment to genesis. You also said the company's current on all loans and that the next loan do is in May of 2023. He said that DCG made a proposal to genesis and Gemini's advisers on December 29th, but has not yet received a response. Winklevoss has asked silbert to publicly commit to resolving the issue by January 8th. He said quote, will you or will you not commit to solving this by January 8th in a manner that treats the $1.1 billion promissory note as $1.1 billion? Gemini earned is a service that lets customers earn high returns on their cryptocurrency deposits. But we're not talking about crazy high amounts like 20 or 30%. The amount of the return depends on the type of the asset help. Genesis was the main lending platform for Gemini. In November, genesis stopped allowing customers to take out loans and Gemini also stopped earn users from withdrawing their money. Winklevoss said that gymnasts owes more than $900 million to customers of Gemini urn. This is the same amount that was reported by the Financial Times in early December. Last week, customers have Gemini filed a lawsuit against the company. They claim that the interest bearing products offered by earn should have been registered as securities. In the letter in November, silbert tried to reassure investors that the company was not an immediate danger despite problems in the industry caused by the failure of FTX. However, it has been suggested that DCG is experiencing liquidity issues. Based on information from a creditor committee working on issues with Gemini and from a Dutch cryptocurrency exchange. And speaking of CEOs behaving badly, Sam beckman Fritz company, Alameda research, had problems before the creation of FTX. Now it was previously thought that FTX and Alameda operated independently. However, a lawsuit has recently shown that the two companies have been working together since the very beginning. In fact, it looks like Alameda almost went under back in 2018. Before there were even such a thing as FTX. Now a report from Wall Street Journal stated that Alameda suffered significant losses due to its trading algorithm. This algorithm was meant to make many traits automatically. But the company lost money by incorrectly predicting price point changes. In 2018, Alameda almost went bankrupt due to the decline in the value of XRP. This caused the company to lose almost two thirds of its assets. However, Sam was able to save the trading firm by obtaining funding from lenders and investors who were promised returns of up to 20% on their investment. According to the report, in January of 2019, Alameda sponsored the first binance blockchain week conference and Sam used the opportunity to contact investors to obtain funding for his struggling firm. In April of 2019, FTX was launched with the goal of providing a secure place for institutional investors. After the launch of FTX, sbf used Alameda to support its growth. What happened is the trading company became the main market maker for the exchange. Now it was always available for other traders to buy from and to sell to. Some people familiar with automated methods claim that the exchange sometime took the losing side of a deal to attract clients. Now, Sam has always previously said that Alameda and FTX operated separately. That said, a recent lawsuit by the securities exchange commission suggests otherwise. The lawsuit showed that Sam instructed someone to create a piece of code to give Alameda an unfair advantage. This code allowed Alameda to maintain a negative balance on FTX without regard to the collateral that it provided. Sam also made sure that Alameda's FTX collateral would never be liquidated even if its value below a certain point. This report did show that Alameda was in trouble from the beginning. However, not only did Sam rescue it in 2018 with borrowed money, he later used it to establish the now failed FTX cryptocurrency exchange and support its growth. Now, if Alameda had just died on the fine, like so many other failed companies have done. It would be interesting to see where we are today.
Forkast
Digital Currency Group seeks to calm investors over Genesis loans: reports
"6 a.m. Thursday, November 24th, 2022. Digital currency group seeks to calm investors over genesis loans, reports, Barry silbert of DCG disclosed his company owes a U.S. 5 75 million loan and a U.S. 1.1 billion promissory note to its subsidiary genesis global capital
Damn Good Brands
"silbert" Discussed on Damn Good Brands
"Millions or tens of millions of dollars in like kind of marketing. That a big slow company would do just it. Every time we say stumping sticks a lot more. Because there's something real behind the screen and and you're right it solidifies you as a challenger brand and there's there is clear challenger brand preference right now among consumers who were who were tired of you know buying the same products from the same company but the other thing that i think is interesting is not only. Are you going head to head with these big companies. But you're trying in many ways succeeding to change the format of how the product is delivered if you think about in particular on premise and bars and restaurants coca cola's going around installing soda guns everywhere they can. And obviously that's how you get a cheap product distributed in mass whereas you're bringing a premium product and a really very tiny package that has to be opened individually right and trying to change how the product is consumed. And i'm just curious you know when you think about that and you think about the decisions you made along the way. Is that something that seems to have come naturally. And you're like look as a premium product. This is how we're gonna package it or is it something you've gone back and forth on a new. You were trying to wrestle with. Should we be on the gun and those kinds of things that process like such an obvious decision for us so you think about why Schweppes and candidate dry and the mainstream soda companies products were so mediocre is because they treated him like the rest of their products. Which is had you make the cheapest possible thing and then Do a little marketing around it I started with the proposition. How do you make the most delicious thing. How do you make the thing. That's gonna make be best gin tonic or the best moscow mule and once you have that perspective. It's pretty obvious that you need a small bottle or small can To serve the thing out of granted. I started a carbonated mixture business. But nothing drives me more nuts than a flat. Gin and tonic. Or a flat Vodka soda or flat kind of a high ball drink and you don't need to be a genius to figure out..
Latina to Latina
Why Actress Lisa Vidal Believes "I'm here because this was supposed to happen."
"You. Grew up acting. When did you know that this was for you? I knew from a very early age that I loved to perform. I was always singing because I'm a singer. I always had music on the radio. That was my first love. Actually I also used to watch lot of television because you know. We lived in the Bronx and Spanish Harlem, so my mother was not like letting us out some. certain times the neighborhood. We get tricky, so she was like no in my out. Or whatever and so I, watch them on television. That was my friend. I watched movies girl, so I used to I was so pulled in by movies, and then I have my my aunt, my the-they who? Is such a hero in my life. She was always taking us to movies. Song Forget. UH, she said, drop us off at the movie theater me and my presence, and she'll be like I'll be back five PM to pick you up that she felt bad for us. Abuse stuck in us from weren't allowed to hang outside. So, we would be at the movie theater. Day those days you go from one theater to one movie to another you know at then I saw funny girl, my my my d. c., funny girl and I just fell in love with Barbara streisand and how she was singing and acting. And that was it. That was it I knew I wanted to do. What do you mark as your big break? You know what my big break was a film that I did all I like him. that was my big because I like it like that and I think there was a big break for all of us in that gnome, it was a small film that became like a cult film that became huge, and so I pretty much soon after that I got signed a deal to Aden, C., which led to my semen Silbert show that was my i. like big, lead role on a network primetime television show that Steven Spielberg for. Do you Steven Spielberg Rating? You Fan Fan Mail. Did that's surreal, please? I? Thought they sent it to the wrong guy This must be a somebody else. I couldn't believe it. I mean I still have it up on. My Wall is one of my proudest moments, and I always. Love Steven Spielberg Right, but I thought it was interesting to that when you got that spinoff. And you were really going to be carrying a pilot that there was a little piece of you that worried. Can I carry this pilot? Right like that is a different level of pressure to be like this show will succeed or fail, and you're not like the fourth or fifth person down in the credits it is you. Well Yeah I mean they brought Blair underwood in and our characters just exploded on the show. You know we became a hot. Partnership shelves some Cups Yeah you know I think. I. Think when you go from a guest star. else doing these kinds of roles or even a recurring character writing comes in now. Maybe you do three episodes. Maybe you do five episodes whatever? When you come to the place of a lead. And they're they're absolutely is a whole new level of responsibility, and absolutely without a doubt there is that you know that little bit of light on my Gosh when I do this, but. That's when you. Really embrace you towns, and and recognize the you are and say. Yes I can do this. Yes, this belongs to me on here. Because this was supposed to happen and it's it's a battle right because we had that little devil on one side, a little angel on the other who they talk into each year, and so we consist. That's why that's why training is so important. That's why understanding the process of creating a character be prepared preparation. Discipline Professionalism. All of that comes into play. So that, you're standing on solid ground and you have foundation when you come into that position, you know what you're doing. I was looking through your IMDB. Have you ever played a non Latina character? I have there been a few of those roles were actually white. Jane. That was written white. Gabrielle and I have the same representation, and they sent me the script and I got a meeting with Martin Brock. Akil and she was like I know Lisa's work. And we sat down for three hours and talked about Cara and. She's like I want you to be my car. It also shows you the value of having a person of color. Be The other person on the other side of that table. Right like the heels would get that absolute asks. They are so fro. You know black and Brown. Absolute.
Talking Tech
Ask the Points Guy for best deals on credit cards
"Hiring is challenging, but there's one place you can go. We're hiring is simple. And smart that place is ZipRecruiter. Where growing businesses connect to qualified candidates. Try it for free at ZipRecruiter dot com slash tech talk. Ziprecruiter, the smartest way to hire. So we all wonder about some of these amazing deals with some of the new credit cards, and Sarah Silbert who is senior editor at the point sky specializes in a lot of these new cards from chase and American Express and other companies. She looks at all them to figure out who has the best deals. Sarah is with us here on talking tech. Hi, sarah. Hi fi here. Thanks for having me. Let's start with some of these deals. Sounds so incredible one hundred thousand miles sixty thousand miles eighty thousand miles to sign up from some of the new cards where should people start with making the decision? Yeah. Obviously can get extremely overwhelming looking at all these offers that why you always say it's like it's think about what you want to get out of mile. What are your travel resemble? If you want to travel Europe, looking at a carpet earned south West Point is not going to be your best option because they don't travel. So it's really all about looking at what you actually want to do with your travel rewards. And then picking the car that help you accomplish those goals. Okay. So there's a new Mariette bun vay card, which is offering one hundred thousand miles through April twenty fourth. I believe it's conveyed cost a the charges ninety five dollars in you have to spend five thousand dollars within a three month period to get your hundred thousand miles. I'd like to go to Japan to free tickets. There you go. Now, what did I miss on that one? Route. Yes. So the Marriott bombo boundless card. That's from chase. That is offering one hundred thousand points, what he needs to know there is that your own earning Marriott points, which if you re with Mary, I you can obviously book hotels within the combined Marriott, and Starwood brand you can also transfer them to various airlines could very well. Use that bonus to buy tickets or get Sma ward flights to Japan. Obviously, there's a little more work involved. If you're looking at transferring the points over to airline partners and looking at those different award charts, but Marriott points are very flexible. You have a lot of options in this great that you mentioned that. And they has now is a great time to sign up for that part. If it is interesting to you because you have opportunity to earn that elevated sign up on seven hundred thousand so many people have written d- the chase. Sapphire card was actually the best card. They were giving. One hundred thousand I think it's now's fifty or sixty thousand and but you have to pay four hundred fifty dollars a year to get it though, they pay some of that money back. Now, are you saying that a card like that will be more flexible on what airline you wanna fly on? Rip the cards take fire preserve and AmEx card. Like, the AmEx platinum you're able to redeem your points directly through to issue. So you don't necessarily have to transfer them to an airline or a hotel. But you have those options that by reserve like you mentioned it's currently offering a fifty thousand points nine opponents after spending four thousand dollars and check out the points guy for the latest reviews of credit cards, Sarah Silbert, reviews them, all and has them in her purse, right? Yeah. My birth my wallet. My my thoughts are mix. Okay. You can find Sarah's work at the point sky dot com. Right. Exactly. And if they want to read you on Twitter or anywhere else where how can they find your socially? I am parents Robert affair with an eight on fritter and on Instagram. All right. Sarah. Thanks so much for doing talking tech with us. I'm Jefferson Graham, thanks for listening to this show. You can find me on Twitter at Jefferson Graham, please subscribe to talking tech wherever you listen to online audio and I'll be back tomorrow with another quick hit from the world attack. Hiring used to be hard. It was and still is one of the biggest challenges businesses face before it meant dealing with endless stacks of resumes flipping through them. And hoping the perfect candidate would jump out at you and the manual review process wasn't any easier. But in today's high tech world hiring can be easy. And you only have to go to one place to get it done. Ziprecruiter dot com slash tech, talk with their powerful matching technology. Ziprecruiter scans thousands of resumes to find the most qualified contenders for your job. And actively invites them to apply. Ziprecruiter is so effective that four out of five employers who post on the site get a qualified candidate within the first day and right now talking tech listeners can try ZipRecruiter for free at this exclusive web address, ZipRecruiter dot com slash tech talk. That's ZipRecruiter dot com slash T. E C H T A L K, ZipRecruiter dot com slash tech talk. Ziprecruiter, the smartest way to hire.
Marketplace
Renault-Nissan adopts Android in coup for Google
"There was news this week in the auto tech space that is cars and technology, which are becoming closer every single day. It seems the world's biggest automotive partnership. Something called the Renault. Nissan, Mitsubishi alliance ten million cars sold worldwide last year. So it ain't nothing said it's going to start putting Google's Android operating system in its car starting in twenty twenty one the consumer upside is in infotainment systems that do more and are less buggy. Marketplace's Kimberly Adams reports demanding consumers want a lot of tech in their new cars, turn by turn navigation music, apps, voice, control. And they want those things to just work the right now, they're still is consumer sentiment that it's not hitting the Mark and says Kristen collage of JD power with experiences, like voice recognition. We see consumers are are quite unhappy with their experience, and that's because says Brian Riemer at MIT. Just in the market are all over the place. Every carmaker does infotainment its own way in this deal cars from Nissan, Renault and Mitsubishi would use Google maps music app. Voice assistant and many other apps. It would be a more deluxe version of the more limited Android auto. And the alliance says iphones will work with the new systems by outsourcing, the infotainment platform across models says Rimmer now, there's also substantial savings to the manufactured because their development costs shouldn't theory, go down to some degree and better tech can help sell more cars says Gary Silbert at KPMG, especially with younger buyers, the technological prowess of vehicle is very very important to the buying decision. Silbert says this deal could open the door for other big tech firms. Like apple which no doubt would also like to be more present in our
Rush Limbaugh
Controversial Dr. J. Marion Sims statue removed from Central Park
"In our prayed for a few years a commission studying controversial statues pointed by mayor de blasio recommended the statue be removed from central park here i'm scott pringle for seven ten double the or california the trump administration clashing when it comes to putting national guard troops on the border us customs and border protection officials say california governor jerry brown has rejected the terms of the trump administration's initial request to deploy troops california national guard spokesman says state officials have not rejected anything since brown agreed to deploy four hundred troops as long as there's no involvement with immigration police in westchester searching for a babysitter ever mount vernon toddler was found dead in his family's apartment was the little boy's mom who made the shocking discovery when she got home from work monday evening her two year old unconscious and unresponsive he was pronounced dead at a hospital news four new york says the man who was babysitting told the mom to tell police someone else was watching him then slipped out of the hospital no word yet on how the boy died in autopsies being done i'm sara lee kessler for seven ten w o r and today jury deliberations are beginning in the trial of an upper west side nanny charged with killing two children who were in her care jury deliberations began today in the trial of yolanda ortega slash carbonates allies during closing arguments assistant da stewart's silbert argued ortega plan the murders of leo and lulu krim in twenty twelve while her attorney said she heard voices telling her to kill the children as a result of psychosis and depression anger was also a motive according to prosecutors who claim moore tak was upset with the children's mother for overworking her at least acted morosini seven ten wwl warr pretty chilly just forty six degrees the forecast coming up philsopher here the lynch has left me with tons of inventory that's gonna go it's time for.