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The Most Anticipated New TV Shows of 2019, Part 1
On the January 17, 2019 episode of /Film Daily, /Film editor in chief Peter Sciretta is joined by /Film managing editor Jacob Hall, weekend editor Brad Oman, senior writer Ben Pearson, and writers Hoai-Tran Bui and Chris Evangelista to decide the most anticipated new tv shows of 2019. You can subscribe to /Film Daily on iTunes, Google Play, Overcast, Spotify and all the popular podcast apps (here is the RSS URL if you need it). Opening Banter: Brad gives his opinion on Jason Reitman’s Ghostbusters sequel. Our Feature Presentation:The /Film team meets in the virtual writer's room to try to come up with the top 25 most anticipated new television shows of 2019, from the already narrowed down list (please note that the notes are what we scribled down before this meeting and are a combination of official plot synopsis and info from imdb): The Mandalorian (Disney+, late 2019) first star wars live-action tv series producer Jon Favreau directors Dave Filoni, Deborah Chow (Better Call Saul), Rick Famuyiwa, Bryce Dallas Howard and Taika Waititi “The Mandalorian is set after the fall of the Empire and before the emergence of the First Order. The series follows the travails of a lone gunfighter in the outer reaches of the galaxy far from the authority of the New Republic.” Deadly Class (Syfy, January 16) Producers: Russo Brothers A coming-of-age story set against the backdrop of late 1980s counterculture, which follows a disillusioned teen recruited into a storied high school for assassins. The Umbrella Academy (Netflix, feb 15) Developed by Jeremy Slater Starring: Ellen Page, Tom Hopper, Robert Sheehan, Mary J. Blige “A disbanded group of superheroes reunite after their adoptive father, who trained them to save the world, dies.” Watchmen (HBO) Showrunner: Damon Lindelof Cast: Regina King, Yahya Abdul-Mateen II, Jeremy Irons, Tim Blake Nelson, Frances Fisher, Don Johnson “Television series based on the DC Comics series Watchmen, published 1986-1987.” ‘Russian Doll’ (Netflix, February 1st) created by Natasha Lyonne, Amy Poehler, and Leslye Headland Natasha Lyonne stars as "a young woman named Nadia on her journey as the guest of honor at a seemingly inescapable party one night in New York City. She dies repeatedly while at this party and she is just trying to figure out what the hell is going on." The Passage (Fox, January 14) Developed by Liz Heldens (Deception, Friday Night Lights) loosely based on the trilogy of novels spanning 1,000 years in the life of Amy Bellafonte, as she moves from being manipulated in a government conspiracy through to protecting humankind in a dystopian vampire future. ‘Living With Yourself’ (Netflix, 2019) created by Timothy Greenberg, executive producer of The Daily Show with Jon Stewart Comedy stars Paul Rudd as George Elliot, who is “burned out and facing an impasse in both his personal and professional life. When he undergoes a novel treatment to become a better person, he finds he’s been replaced by a new and improved George — revealing that his own worst enemy is himself. Told from multiple perspectives with intersecting storylines, the philosophical comedy asks: Do we really want to be better?" little miss sunshine directors are producers Devs (FX, 2019) Written/directed by Alex Garland Starring: Sonoya Mizuno, Nick Offerman, Jin Ha, Zach Grenier, Stephen McKinley Henderson, Cailee Spaeny, Alison Pill follows "a young computer engineer, Lily [who] investigates the secretive development division of her employer, a cutting-edge tech company based in San Francisco, which she believes is behind the disappearance of her boyfriend." Good Omens (Neil Gaiman, Amazon) six-part television serial based on the 1990 novel Good Omens: The Nice and Accurate Prophecies of Agnes Nutter, Witch by Terry Pratchett and Neil Gaiman. directed by Douglas Mackinnon and written by Gaiman, who will also serve as showrunner. stars David Tennant as the demon Crowley and Michael Sheen as the angel Aziraphale trying to prevent the Apocalypse. Other actors include Jon Hamm, Anna Maxwell Martin, Josie Lawrence, Adria Arjona, Michael McKean, Jack Whitehall, Miranda Richardson and Nick Offerman. What We Do in the Shadows (FX, Spring) Executive producers: Jemaine Clement Taika Waititi Starring: Kayvan Novak, Matt Berry, Natasia Demetriou, Harvey Guillen Set in New York City and follows "three vampires who have been roommates for hundreds and hundreds of years." I Am The Night’ (TNT, January 28th) six-episode limited television series Starring Chris Pine and India Eisley Directed by Patty Jenkins, Victoria Mahoney, Carl Franklin Fauna Hodel, a young girl who was given up by her birth mother, sets out to uncover the secrets of her past and ends up following a sinister trail that swirls closer to a gynecologist involved in the legendary Black Dahlia slaying. “Modern Love” (Amazon, 2019) Written and directed by Sing Street director John Carney Anne Hathaway, Tina Fey, John Slattery, Catherine Keener, Dev Patel, Shea Whigham, Andy Garcia, Olivia Cooke, John Gallagher, Jr., Sofia Boutella Modern Love will explore "love in its multitude of forms – including sexual, romantic, familial, platonic, and self love. “Mrs. Fletcher” (HBO, 2019) Tom Perrotta (leftovers) Kathryn Hahn stars A divorced woman jumpstarts her love life by adopting a sexy new persona and discovers that her world is full of unexpected and sometimes complicated erotic possibilities. “Now Apocalypse” (Starz, Mar. 10) Gregg Araki, Steven Soderbergh,A group of four friends living in L.A. embark on various exploits pursuing love, sex and fame. Directed by Gregg Araki. Starring...no one. (Avan Jogia, Kelli Berglund, Beau Mirchoff, Roxane Mesquida) “The Loudest Voice in the Room”(Showtime, 2019) Tom McCarthy, Jason Blum, starring Russell Crowe, Naomi Watts, Sienna Miller, Simon McBurney, Seth MacFarlane The Loudest Voice in the Room tells the story of Roger Ailes who "molded Fox News into a force that irrevocably changed the conversation about the highest levels of government, will help understand the events that led the rise of Donald Trump. The series focuses primarily on the past decade in which Ailes arguably became the Republican Party's de facto leader, while flashing back to defining events in Ailes’ life, including an initial meeting with Richard Nixon on the set of The Mike Douglas Show that gave birth to Ailes' political career and the sexual harassment accusations and settlements that brought his Fox News reign to an end. Told through multiple points of view, the limited series aims to shed light on the psychology that drives the political process from the top down." “Shrill” (Hulu, Mar. 15) Lorne MichaelsBased on Shrill: Notes from a Loud Woman by Lindy WestStarring Aidy Bryant Lolly Adefope Luka Jones Ian Owens John Cameron Mitchell Julia Sweeney Shrill follows "Annie, described as a fat young woman who wants to change her life — but not her body. Annie is trying to make it as a journalist while juggling bad boyfriends, sick parents and a perfectionist boss, while the world around her deems her not good enough because of her weight. She starts to realize that she’s as good as anyone else, and acts on it. “Snowpiercer” (TNT, 2019) Starring Daveed Diggs and Jennifer ConnellySet seven years after the world became a frozen wasteland, Snowpiercer follows the remnants of humanity who inhabit a gigantic, perpetually moving train that circles the globe. The show questions class warfare, social injustice, and the politics of survival “Turn Up Charlie” (Netflix, March 15) Starring Idris Elba, Piper Perabo and JJ Feild Turn Up Charlie centers on the titular Charlie (Idris Elba), a struggling DJ and eternal bachelor, who is given a final chance at success when he reluctantly becomes a ‘manny’ to his famous best friend’s problem-child daughter, Gabby (Frankie Hervey). “Black Monday” (Showtime, January 20) Starring Don Cheadle, Regina King, Andrew Rannells, produced by Happy Endings creator David Caspe Travel back to October 19, 1987—aka Black Monday, the worst stock market crash in the history of Wall Street. To this day, no one knows who caused it … until now. This is the story of how a group of outsiders took on the blue-blood, old-boys club of Wall Street and ended up crashing the world’s largest financial system, a Lamborghini limousine and the glass ceiling. “Fosse/Verdon” (FX, April) Starring Michelle Williams and Sam Rockwell, produced by Lin-Manuel Miranda Spanning five decades, Fosse/Verdonexplores the singular romantic and creative partnership between Bob Fosse (Sam Rockwell) and Gwen Verdon (Michelle Williams). He is a visionary filmmaker and one of the theater’s most influential choreographers and directors. She is the greatest Broadway dancer of all time. Only Bob can create the groundbreaking musicals that allow Gwen to showcase her greatness. Only Gwen can realize the unique vision in Bob’s head. Together, they will change the face of American entertainment – at a perilous cost. “Whiskey Cavalier” (ABC, February 24) Starring Scott Foley, Lauren Cohan, produced by Bill Lawrence (Scrubs), Jeff Ingold (Rush Hour), David Hemingson (Don’t Trust the B in Apt. 23), directed by Peter Atencio (Key & Peele) Following an emotional breakup, Will Chase (codename: "Whiskey Cavalier"), played by Scott Foley, is assigned to work with badass CIA operative Francesca "Frankie" Trowbridge (codename: "Fiery Tribune"), played by Lauren Cohan. Together, they lead an inter-agency team of flawed, funny and heroic spies who periodically save the world—and each other—while navigating the rocky roads of friendship, romance and office politics. “Tuca and Bertie” (Netflix, TBA) Starring Tiffany Haddish and Ali Wong, produced by Lisa Hanawalt, Raphael Bob-Waksberg, Noel Bright , and Steven A. Cohen, all of Bojack Horseman Two bird women -- a carefree toucan and an anxious songbird -- live in the same apartment building and share their lives in this animated comedy “Top of the Morning” (Apple, TBA) Produced by and starring Jennifer Aniston and Reese Witherspoon, also starring Steve Carell, Billy Crudup, Gugu Mbatha-Raw An inside look at the lives of the people who help America wake up in the morning, exploring the unique challenges faced by the women (and men) who carry out this daily televised ritual “The Dark Crystal: Age of Resistance” (Netflix TBA) Starring Taron Egerton, Anya Taylor-Joy and Nathalie Emmanuel in the lead roles, and supporting stars Mark Hamill, Mark Strong, Simon Pegg, Natalie Dormer, Gugu Mbatha-Raw, Eddie Izzard, Helena-Bonham Carter and more. Based on The Dark Crystal, Jim Henson’s groundbreaking 1982 feature film, The Dark Crystal: Age of Resistancetells a new epic story, set many years before the events of the movie, and realized using classic puppetry with cutting edge visual effects. The world of Thra is dying. The Crystal of Truth is at the heart of Thra, a source of untold power. But it is damaged, corrupted by the evil Skeksis, and a sickness spreads across the land. When three Gelfling uncover the horrific truth behind the power of the Skeksis, an adventure unfolds as the fires of rebellion are lit and an epic battle for the planet begins. Swamp Thing (DC Universe, May) Produced by James Wan, Mark Verheiden, Gary Dauberman, Michael Clear and Len Wiseman Directed by Len Wiseman Emerging from the swamp with a monstrous physique and strange new powers over plant life, the man who was once Alec Holland struggles to hold onto his humanity. When dark forces converge on the town of Marais, Swamp Thing must embrace what he has become in order to defend the town as well as the natural world at large. Stargirl (DC Universe, September) Starring Brec Bassinger and Joel McHale “Courtney Whitmore (aka Stargirl) is smart, athletic and above all else kind. This high school teenager’s seemingly perfect life hits a major speed bump when her mother gets married and her new family moves from Los Angeles, California, to Blue Valley, Nebraska. Struggling to adapt to a new school, make new friends and deal with a new step-family, Courtney discovers her step-father has a secret; he used to be the sidekick to a superhero. ‘Borrowing’ the long-lost hero’s cosmic staff, Courtney becomes the unlikely inspiration for an entirely new generation of superheroes.” Pennyworth (EPIX, 2019 tba) Produced by Bruno Heller and Danny Cannon Starring Jack Bannon “follows Bruce Wayne’s legendary butler, Alfred Pennyworth, a former British SAS soldier who forms a security company and goes to work with Thomas Wayne, Bruce’s billionaire father, in 1960’s London.” Wizards (Netflix TBA) DreamWorks Animated Created by Guillermo del Toro The heroes of Arcadia join forces in an apocalyptic war for the control of magic that will decide the fate of the entire galaxy. Creepshow (Shudder, TBA) Produced by Greg Nicotero No synopsis yet, but: ““Creepshowis one of the most beloved and iconic horror anthologies from two masters of the genre, George A. Romero and Stephen King,” Shudder general manager Craig Engler added. “We’re thrilled to continue their legacy with another master of horror, Greg Nicotero, as we bring a new CreepshowTV series exclusively to Shudder members.” The Righteous Gemstones (HBO, TBA) Starring Danny McBride/Jody Hill, John Goodman, Edi Patterson, Adam DeVine Produced by Jody Hill and David Gordon Green The Righteous Gemstonesfollows "the world famous Gemstone televangelist family, which has a long tradition of deviance, greed, and charitable work, all in the name of the Lord Jesus Christ." The Boys (Amazon, TBA) Dan Trachtenberg directed pilot, Eric Kripke and Rogen/Goldberg produced Starring Karl Urban, Elisabeth Shue, Erin Moriarty, Antony Starr, Dominique McElligott, Jessie T. Usher, Chace Crawford, Nathan Mitchell, Laz Alonso,Karen Fukuhara In a world where superheroes embrace the darker side of their massive celebrity and fame, THE BOYS centers on a group of vigilantes known informally as “The Boys,” who set out to take down corrupt superheroes with no more than their blue-collar grit and a willingness to fight dirty. THE BOYS is a fun and irreverent take on what happens when superheroes – who are as popular as celebrities, as influential as politicians and as revered as Gods – abuse their superpowers rather than use them for good. It’s the powerless against the super powerful as The Boys embark on a heroic quest to expose the truth about “The Seven,” and Vought – the multi-billion dollar conglomerate that manages these superheroes. THE BOYS is scheduled for a 2019 release. Carnival Row (Amazon TBA) Travis Beacham, starring Orlando Bloom Produced by Travis Beacham and Rene Echevarria Carnival Row will follow "mythical creatures who have fled their war-torn homeland and gathered in the city as tensions are simmering between citizens and the growing immigrant population. At the center of the drama is the investigation into a string of unsolved murders, which are eating away at whatever uneasy peace still exists.” “Too Old to Die Young” (Amazon, 2019) Written and produced by Nicolas Winding Refn and Ed Brubaker Directed by Refn starring Miles Teller, Billy Baldwin, Jena Malone, John Hawkes Too Old to Die Youngfollows "a grieving police officer who, along with the man who shot his partner, finds himself in an underworld filled with working-class hit men, Yakuza soldiers, cartel assassins sent from Mexico, Russian mafia captains and gangs of teen killers." Warrior (Cinemax, TBA) Created by Jonathan Tropper and Justin Lin Inspired by an idea from Bruce Lee, Warrioris “set at the times of the Tong Wars in the late 1800s in San Francisco” and “follows a martial arts prodigy originating in China who moves to San Francisco and ends up becoming a hatchet man for the most powerful tong in Chinatown.” “Y” (FX, 2019) Starring Diane Lane, Barry Keoghan, Imogen Poots, Lashana Lynch, Juliana Canfield and Marin Ireland. Based on the DC comic book series Y: The Last Man by Brian K Vaughn and Pia Guerrera, Yis set in “a post-apocalyptic world in which a cataclysmic event has decimated every male mammal save for one lone human. The new world order of women will explore gender, race, class and survival." “Les Miserables” (PBS, April 14) Starring Dominic West, David Oyelowo, Lily Collins, Olivia Colman, David Bradley. Six-part BBC TV adaptation of Victor Hugo's classic novel which “follows Jean Valjean as he evades capture by the unyielding Inspector Javert. Set against a backdrop of post-Napoleonic France as unrest beings to grip the city of Paris once more.” “Lovecraft Country” (HBO, 2019) Produced by Jordan Peele’s Monkeypaw Productions and exec produced by Misha Green, J. J. Abrams, and Ben Stephenson. Based on the novel of the same name by Matt Ruff, Lovecraft Country follows "Atticus Black as he joins up with his friend Letitia and his Uncle George to embark on a road trip across 1950s Jim Crow America in search of his missing father. This begins a struggle to survive and overcome both the racist terrors of white America and the terrifying monsters that could be ripped from a Lovecraft paperback." ‘Catch-22’ (Hulu, 2019) Starring Christopher Abbot, Kyle Chandler, George Clooney, Hugh Laurie, produced by Clooney. Catch-22 is described by Hulu as "the story of the incomparable, artful dodger, Yossarian, a US Air Force bombardier in World War II who is furious because thousands of people he has never met are trying to kill him. But his real problem is not the enemy, but rather his own army which keeps increasing the number of missions the men must fly to complete their service. Yet if Yossarian makes any attempt to avoid his military assignments, he’ll be in violation of Catch-22, a hilariously sinister bureaucratic rule which specifies that a concern for one’s own safety in the face of dangers which are real and immediate is the process of a rational mind; a man is considered insane if he willingly continues to fly dangerous combat missions, but a request to be removed from duty is evidence of sanity and therefore makes him ineligible to be relieved from duty." ‘Central Park Five’ (Netflix, 2019) Created byAva DuVernay Starring Michael K. Williams, Vera Farmiga & John Leguizamo. “Based on a true story that gripped the nation, the four-episode series will chronicle the notorious case of five teenagers of color who were convicted of a rape they did not commit.” Spans from spring of 1989, when each were first questioned about the incident, to 2014 when they were exonerated and a settlement was reached with the city of New York. Living With Yourself (Netflix, 2019) Created by Timothy Greenberg Starring Paul Rudd who also executive produces Living With Yourself begins when "George Elliot is burned out and facing an impasse in both his personal and professional life. When he undergoes a novel treatment to become a better person, he finds he’s been replaced by a new and improved George — revealing that his own worst enemy is himself. Told from multiple perspectives with intersecting storylines, the philosophical comedy asks: Do we really want to be better?" Four Weddings And A Funeral (Hulu, 2019) Created by Mindy Kaling Starring Jessica Williams Inspired by the 1994 British romantic comedy film, Four Weddings and a Funeral centers on Jess (Williams), the young communications director for a New York senatorial campaign, who receives a wedding invitation from her college schoolmate now living in London. She leaves her professional and personal life behind, in favor of traveling to England and reconnecting with old friends and ends up in the midst of their personal crises. Relationships are forged and broken, political scandals exposed, London social life lampooned, love affairs ignited and doused, and of course there are four weddings… and a funeral. Untitled Picard Spin-off (CBS All Access) Created by Alex Kurtzman Starring Patrick Stewart The continuing adventures of Captain Jean-Luc Picard, whose life was radically altered due to the destruction of the Romulan home world in the 2009 Star Trek reboot movie. The Politician (Netflix) Created by Ryan Murphy Starring Ben Platt, Jessica Lange, Gwenyth Paltrow, Zoey Deutch, Lucy Boynton Hour-long comedy with social commentary – the series follows the political aspirations of a wealthy Santa Barbara resident, with each season focusing on a different political race the lead is in. The Twilight Zone (CBS All Access) Created by Jordan Peele Hosted & Narrated by Peele, Starring Adam Scott, Kumail Nanjiani, John Cho, Allison Tolman, Jacob Tremblay, Jessica Williams The Act (Hulu, Mar. 20) Created by Michelle Dean and Nick Antosca Starring Patricia Arquette, Joey King, Chloë Sevigny, AnnaSophia Robb True crime anthology series. First season follows "Gypsy Blanchard, a girl trying to escape the toxic relationship she has with her overprotective mother. Her quest for independence opens a Pandora’s box of secrets, one that ultimately leads to murder." City on a Hill (Showtime, 2019) Created by Chuck MacLean, executive produced by Ben Affleck and Matt Damon Starring Kevin Bacon, Aldis Hodge Set in the early 1990s Boston, rife with violent criminals emboldened by local law enforcement agencies in which corruption and racism was the norm. In this fictional account, assistant district attorney Decourcy Ward (Hodge) arrives from Brooklyn and forms an unlikely alliance with a corrupt yet venerated FBI veteran, Jackie Rohr (Bacon). Together, they take on a family of armored car robbers from Charlestown in a case that grows to involve, and ultimately subvert, the entire criminal justice system of Boston. Hanna (Amazon, March 2019) Created by David Farr (who co-wrote the movie) Starring Esme Creed-Miles, Joel Kinnaman, Mireille Enos Based on the 2011 movie starring Saoirse Ronan. Equal parts high-concept thriller and coming-of-age drama, Hannafollows the journey of an extraordinary young girl, Hanna (Creed-Miles), as she evades the relentless pursuit of an off-book CIA agent and tries to unearth the truth behind who she is. Doom Patrol (DC Universe, Feb 15) Created by Jeremy Carver Starring Brendan Fraser, Alan Tudyk, Timothy Dalton, Diane Guerrero, April Bowlby Set after the events of Titans, the Doom Patrol – consisting of Robotman, Negative Man, Elasti-Woman, and Crazy Jane, and led by Dr. Niles Caulder/The Chief – receives a mission from Cyborg that they cannot ignore and will change their lives. All the other stuff you need to know: You can find more about all the stories we mentioned on today’s show at slashfilm.com, and linked inside the show notes. /Film Daily is published every weekday, bringing you the most exciting news from the world of movies and television as well as deeper dives into the great features from slashfilm.com. You can subscribe to /Film Daily on iTunes, Google Play, Overcast, Spotify and all the popular podcast apps (RSS). Send your feedback, questions, comments and concerns to us at email@example.com. Please leave your name and general geographic location in case we mention the e-mail on the air. Please rate and review the podcast on iTunes, tell your friends and spread the word! Thanks to Sam Hume for our logo.
Aired 2 weeks ago 11:10
Giants of History | Goals for 2019
Welcome to giants of history. This is J T Fusco, and I'm kicking the show off with just a bit of housekeeping, and it concerns the future of the show and its continued evolution. So if you have just a spare moment, please listen, I would greatly. Appreciate it. I started to show because like most of you. I absolutely love podcasts at love the podcast medium because I feel like what you can learn while you drive or while you go for a walk or while you're at work. I mean, it's truly incredible. And if you're like me, I don't mind doing housework or mowing the lawn or folding laundry or any of those Muendane tasks that we just have to do every day if and when I have something interesting to listen to while I do those things, and that's why podcasts are so fantastic. I mean, there is just an endless variety of shows and genres that you can listen to while you go about your day. And I love all varieties and history podcast, especially that was the impetus for starting a podcast. But I wanted to produce the show that I wanted to listen to as I've said before and essentially I feel like I've done that. I feel like I'm there. I mean, these are the stories that I wanna hear and individuals that I wanna learn. About and from the feedback that I get for the most part from the audience, you feel the same way. But there is generally one complaint that I do get from listeners, and I get it fairly often. And I don't mind hearing it because I fully agree and that complaint is the frequency with which shows published how often these show show up in their feed. And like I said, I fully agree with this. Because right now, averaging about one show a month. And if I wanted to produce the show that I wanted to listen to one show a month is not going to cut it. I want my content to come out more often and to be published in a way. So that I can stain gauged with the stories that I'm listening to the stories that I'm hearing. And so with that being said my ultimate goal for this year. Twenty nineteen is to get to a point where the show is published weekly. Now, they'll be breaks, of course, because there's a -cations and something will always come up. But on the whole that is my goal to get a show out every single week. Now, I will say that for a very long time the challenge to that goal was just energy and sleep. And for those of you that don't know I have four sons and they range in age from seventeen to seven to five to three. And I started the show in July of two thousand fifteen so you can do the math there the youngest one who is three this past December wasn't yet. Born and his two older brothers not counting the seventeen year old who's been self sufficient for a little bit of time. But the ones who are seven and five now where even younger than. And so I would say that I was hard pressed to get a decent amount of shut eye on a consistent basis for a very long time. And if your parent out there or a new parent, you totally get that. And so you compound that with the fact that I have a regular job and my career. It was fairly tough to get into any type of rhythm. I mean as I'm getting older, I'm realizing just how important sleep is. And when I don't get it. I'm just operating in a fog for the most part. But I will say that now that they're a little bit older. They still get up at night every now and again, but on the whole I can pretty much count on now getting at least six to seven hours of sleep at night on interrupted which is a wonderful thing. And so what comes along with those hours of sleep is energy, which I can now channel into the show and into its production and trying to get on a regular publishing schedule as I've said, but for a long time that was very difficult. I mean, I was up and down all night every night with these little rascals, whom I love more than life itself. But to get the show on a regular publishing schedule, ideally weekly as I've said, the element that is the biggest challenge with that is the time that it takes to actually produce the episode that is to say everything that takes place after I record it. That is the biggest time suck and energy vampire. I should say. I'm not an audio engineer. I do the best. I can with the limited tools. I have this is a one man show as most of you already know, I do all the research. The writing the note preparing the recording the production the post production the publishing all of that. And that is why generally take so long to get these episodes out, but to get to a point where I can publish this show weekly and make sure that everything sounds good. And is pleasant not to just listen to but to actually here, again, if the show is not to a level where you're going to enjoy hearing it no one's gonna listen at all. But to get to that point I need to try and crowd source this show support a little bit better than I have in the past Anita press just a little bit harder. When it comes to the support piece because I'm realizing now that once the show if I can get it on stable footing from a support standpoint there are so many additional doors that open, for example, as I've said. The show gets published with much more frequency weekly is the ultimate goal. But also there is a second podcast that I've been trying to give birth to for a few years now. And that show is a show that I know you'll also enjoy if you enjoy giants history. But those things can only happen if I get the show on stable footing from a support standpoint. So in order to realize these goals of publishing show weekly and then giving birth to the second podcast, I need to build a base of about a thousand core. Supporters for this show that is to say a thousand core supporters at the stories level in patriot. If we can get two thousand core supporters at that level, everything gets better, I can look to enlist the help of a former producer which will allow me to accelerate. The show's publishing schedule. It will get the second podcast moving toward the light of day. And then I just wanna say here that the prospect of actually being an employer at that point. And giving someone a. Job that helps them feed their own family. I mean, all of those things that is pretty cool. And that would be something that would be extremely proud of as well. And so with all that being said, you're going to hear me talk about building this base, of course, support on a much more frequent basis, and the reason being is because there's podcasts that I support personally that I didn't pull my debit card out for the first time they asked and was usually a timing thing. Like, I was driving. I was on a walk, and I didn't have the infrastructure. I didn't have my computer with me in order to set up that transaction. So it took a couple tries. But when I did hear their request for support. And if I wanted to get behind that producer and that show, and I was in the right place. I had no problems becoming a supporter of that show. Some gonna try and mention it here more often in hopes that if you do wanna become a supporter of the podcast, and I just haven't caught you at the right time that talking about it more and more often will eventually bring us. Across the goal line there. And just like I framed my personal support of these other podcasts that I'm patrons of. And I'm sure that you've heard this before, but your monthly support is pretty much the equivalent of a Cup of coffee and croissant at a coffee shop once a month or you can look at it as the equivalent of a tip on a bar tab. If that's more your speed. And what I made that connection. It was easier for me to get comfortable with supporting these projects on an ongoing basis because I realized that I get a lot out of them when it comes to my own quality of life. When I go for a walk, and I get to listen to a podcast that I just love life is good. But I got no complaints in that moment now all support of the show is greatly appreciated. And if you go to the shows patriot page, you'll see that there's a few different levels now of support offered because I know that everyone is in a different economic situation. And if you're able to support the show at the stories level, and when you go to the patriot page, you'll see what I'm talking about in exchange for your support at that level. You'll have access to the patron episodes, which are standalone episodes for the most part that are not part of the main feeds content and as of today with the one that I published last night. There are fifteen other episodes on the patriot platform for supporters and. In addition to the patriot only episodes, I'm also working on a video AMA, which is an ask me anything. I also hear from people that they have no idea what I looked like and that's important to them because they hear my voice all the time. But they don't know who is actually speaking to them. So I'm working on video AMA. So that at least get the chance to see me, and I'll answer your questions, and you'll get to know me a little bit better that way, and there's also some behind the scenes stuff that I'm working on. So you can see how the show comes together all of those things. But I also want to mention here that if your financial situation is such that it won't allow you to donate at the stories level. But you still want to support the show, and you still wanna get access to the patriot only episodes, then just Email me, and we'll try and figure something out. All right. I don't want anybody to not be able to hear these stories because support at that level would cause some type of financial hardship in their home. But on the flip side of that. If your financial situation is such that money isn't a concern for you. And you're looking to support work such as this at a higher level. Then of course, that support is warmly welcomed and sort of make that happen and to support this work to get behind this project. Simply click the link in the description of this episode or just go to Google and search giants history patriot. And you can get they're going that route as well. And as always, I appreciate you. And I cannot thank you enough for your support of this effort.
Giants of History
Aired 2 weeks ago 42:15
JP Morgan Coin 101
Yoyo welcome to quarter win one the consumer's guide to cryptocurrency. This is Matthew Aaron and the CEO of J P Morgan is notorious for bashing blockchain and bitcoin. He was the king of fud in the bull of twenty seventeen in twenty eighteen nobody said more bad things and probably influenced the market more than Jamie diamond. And then J P Morgan comes out with cryptocurrency J P Morgan coin on the blockchain took us all by surprise. But what is it is it the next bitcoin? Is it just the next ripple? Is it me there? Well here today, we're going to go through one a one on GP Morgan coin and figure out what it is what it isn't. And what it's going to be used for and what it could possibly be used for in the future. But before that, please wherever you're listening to this podcast. Make sure you're subscribed. Leave a rating Anna comment, also go over itunes and leaves a rating and comment there. They helps us stay visible. I tunes is wonderful for keeping people visible as long as there's engagement. So help us out. Get engaged and leave us rating, Anna comment on I tunes. Also, if you like this episode, please share it on your social media with your friends, your family and help spread the show. Crypto one on one also can use your support. So if you would like to donate the crypto one on one good or a patient page, you can find our patriots page on crypto one to one podcast dot com. Oath at the support button. Click patriot and donate to the show and help support these podcasts and don't forget this isn't that financial advice. Trading advice person vice or legal advice and thank you to Lincoln for sponsoring this episode. Without further ado, was known about J P Morgan coin, and I wanna say thank you to Helen for editing. This episode was you have to the show. Ben Justo head of growth for Kadena. Welcome to cripple one-to-one, sir. Matthew, thanks. We took tape, sir. Before we get into this conversation today about J P Morgan's coin the rise of institutional cryptocurrency could you please briefly introduce yourself show us. Oh, I head up Greif at today now, which is blockchain company that was founded by the founders GB Morgan's Juna blockchain. We'll talk about later. So we all right organization that's has been going since about twenty sixteen and in my role. I am predominantly focused on a growing up Friday of enterprise clients today. My history that I've been working at mainly consultancies. Helping them understand mcclain's on the stand and how to tackle rather amorphous technologies and concepts such as much technology and blockchain they come predicts elected in the past have included wool street crossing of equity derivatives using the blockchain a large syndicated lending blockchain project, which should be getting. Live this year, which address two trillion dollars of national lending in the marketplace as well as the most strategic projects helping on the planning business case, and then also the execution of and that's what led me to join Kadena where I'm really going to helping on building enterprise poll Friday by taking the business strategy in technology and put them together. Thank you, sir. You said that the genome blockchain was developed by JP Morgan, why would a Bank or J P Morgan develop a blockchain. So if you think about all of these major banks, they do spend a certain percentage of the panel on our indie because they need to look for ways to be more efficient because the context of capital markets is there is an increasing move to criticize Asian within investment banking particular that means that the cost of becoming on the pressure, and in particular, not just cost but the ability to use balance-sheets in a way, which is far more efficient than before. We'll take with a lot of these new rules around basil three Frank cetera. Banks con use that balance sheet in the way, they used to before that full the ability to improve aspects such a settlement means that they can use it balance-sheets better ways, and that full effectively lend the money they have on that books may be tied up through long settlement processes in the fall more efficient way. So Jimmy will suddenly looking at this Roman efficiency play by from operational efficiency blow balance-sheet play as well. And you know, they are looking to continue to be leaders in financial technology, and they have a real history of breaking the mold on on on new products Newton allergies. You mentioned the banks are able to use their balance sheet as before what does that mean? So radio stem back to the financial crisis, the gloss steagle act, for example, and really banks crowds. The financial crisis. Had a an ability to be into southern positions, which may have a higher risk profile. So what I mean by that is they able to hold a little quality assets on take more risks with the money of retail customers, for example through deposits and increasingly as new the full out from the mortgage crisis. The financial crisis leads to review of some of the risk crosses of these large banks and a number of requirements were put on these institutions which limiting factor in will could do with that money. So they had to prove for example, they had sufficient reserves in the case of a second crisis narrow a number of simulations it performed for these these events to determine what stress event would look like, you know, if institutions and individuals pulled them money, do they have enough reserves that are liquid that they can actually use to actually resolve some of these challenges. And that means that you can't be exposed was risky asset liquid positions as he can the post, which means that you have to have a fall better understanding way, your money is a point in time and William money is being tied up in a settlement process. And if you look at for example, syndicated lending where you want it can be tying up full an average of nine days, that's an awful lot of money sitting on the sidelines that Kant be used and also commissary put towards your your the Quincy ratio targets that are being mandated increasingly today that seems like a practice. I wish that some of these cryptic stages head that would be good wouldn't it would it would the history JP Morgan bitcoin slash blockchain is controversial Jimmy diamond has been quoted many times calling bitcoin a scam. It seems as though the whole time bitcoin was starting to jump in ramp up in two thousand seventeen to about twenty thousand maybe not JP Morgan, but Jamie diamond was verbally attacking insulting the criminal space. Why would he do that? If we're gonna was. -veloping on the black chain behind the scenes that is a very good question is certainly makes for a very good headline. But I think this is very much something that's being misconstrued. Because the actual reality is little move Monday than than the story of you know, JP Morgan one side in crypto Annika Stanley other may may provide any kind of put it into context, you have to think about when these statements may J of Jimmy demo these these statements really at the height of crypto mania, you know, when bitcoin was hit saying, I think it was affecting fourteen thousand dollars and had a very large willia- speculative run-up in. If you think about who Jamie Dimon is even his running an organization with in significant amounts of assets on the management. He has really a not just a fiduciary requirements, but also, you know, in terms of running business, he has a responsibility about how he communicates around things. So when you think about it if. You're ask the question of a man that is running a Bank with two point seven three trillion dollars on the management, and he was asked him about a highly speculative asset class that has seen retail investors being brought into the market when one of your largest parts of your business is a high net worth individual organization of private Bank in a wet decisions recommendations being made by bankers daily basis. It's probably the rights prudent in cautionary approach for Jamie. So actually can have reflect about how bitcoin is certainly an asset cloth has some some real developmental problems because it was immaturity. And then at the time, it was purely speculative for many policies in actually was born out to be true in so far is you know, one could argue that were in the reasons that there was a run up on. This was speculation ahead of the launch of the futures on the CBO a so I mean, I think that's the more the reality. I there's a lot of narrative about how you know one. Jamie Dimon has ramped up or suddenly he's been he's he's set barrack speculations on bitcoin. But the same time to be Morgan has been seen to have another bitcoin as well. So the accusation is effectively he's been speaking out of his two sides of his mouth for some kind of prophets related game. To subscribe to that theory. You have to subscribe to the belief that Jamie would be really putting the whole reputation of P Morgan at risk in order to make a quick buck from from profiting in bitcoin, and I think that's November's ever done that. It just it being strange asset costs for him to pick given this as a rounding error on on J P, Morgan PNL mole likely what you have to think about is actually because of a little bit banking rose organizations onto loud to do proprietary trading. The Muth allowed to effectively make trades casino. So it's more likely that a large organization like P Morgan is managing on Hof bits clients, some allocation of bitcoin, probably under a private banking relationship. And it just so happens that there was a cell that was performed on the instruction over climb within the marketplace. I think that's probably a little bit more believable than JP Morgan is out to somehow hijack bitcoin because it's worried about how that's gonna make inroad into its business. You know, I think that's gonna more than a believable story that Jamie has remarked about. Setton situation around bitcoin has been wanting off people dabbling, and then also have to have a position through a client relationship is. Well, I want to touch a little bit of what you said that it's a strange asset class to pick. I don't think it's a strange asset class at all. Because of how it seen by the SEC at the time. It wasn't recognized by the SEC the security. It was still up for debate. And if it was apples bananas or bitcoin. Those all don't follow him as he sees oversight regulations. What does it matter? Then if Jimmy diamond said apples, we're going to the moon or bananas. We're going to get wrecked or bitcoin. So my question is to you. Then if it's not fun under- SEC's oversight, and it's not under the responsibilities of a Bank to act prudently. And Jamie's diamonds opinions and comments did infact move the price of bitcoin, then JP Morgan or Jamie Dimon was found to have either bitcoin personally or invested for their clients. That sounds like price manipulation to me. Is it not? I dunno saying that I wasn't. I think if if you're gonna pull off the scam of a lifetime that you will go up publicly and trying to hijack something that is. So clearly being talked about in guiding attention. I think that'd be quite a foolish move of someone to do with say much to risk in a I think, you know, banks a finding other ruses less public than that on this baby time will tell I mean, it's you could also argue that the run up over the bitcoin price correspondents to the low to futures on the CBO e which is actually went into money could actually shoot bitcoin. So that's not to say that financial institutions are not somehow profiting from main street through using you know, the advantageous positions. They have. I just don't necessarily subscribe to the belief that in J people are going to be running this kind of roller case coaster, really for the purposes of profiting benefiting of this asset class and using Jimmy demon as the mouthpiece to do that. I think that's that's a little bit of a stretch for me just based on mine mine's, dining array, just my two sons Joe, and I want to move from this but to play it off as a rounding error of billions and billions of dollars as Mark cap at the time was reading four hundred billion dollars. It is not a rounding error or a little bit of money. I think the call it a little bit of money just because it's bitcoin not a mainstream currency or store. Value is to downplay how much money was really invested in really involve. In this. But let's move into the contradictory nature of dipping Morgan for a moment. Show. Bitcoin verse blockchain I will entertain that bitcoin does not mean blockchain, and that when they made their stable coin on the black team that does not mean a volatile or speculative asset such as bitcoin, and they want to do something more stable was her comments on that. First of all, I wanna say that this is a great development for the industry and Michigan be absolutely applauded. Look Chaim in any setting is difficult in terms of implementation. And even so within a an innovation Greek within a Bank innovation group, so notoriously stalled the funding attention. So that JP Morgan was able to innovate get something out there and be able to really link it into the overall strategy in operating is no small feat whatsoever. I think it's good for the industry has been a lot of attention that's being attracted based on this announcement. You know, I was recently in a conversation with the head of blockchain of one of the the lodge international. Thanks. You said that that fund has been running off the hook ever since his announcement from senior executives wanting to understand exactly what's going on here. So that's that's that's a sensitive. Good because that means that senior exact saw gonna pay attention and banks and that also helped move on the debates now intends. What J P Morgan is trying to do here. They are trying to do a number of things. And it's something that's reflected not just purely JP Morgan all organizations, and that is how you improve settlements which is a large problem in the market when you look at supplement what we're really talking about is the exchange of a financial instrument for money and the getting the money to the right people in a way, we managing the risk. And that's the a very centralized approach because he needed someone to take the risk of Mon delivering, and that's why we have central settlement policies today. That's why we have. Lodge institutions like JP Morgan. And while you have the DTCC that processes over quadrille dollars of instruments every year. So really what can shaping Morgan is trying to do is solve a number of those challenges around settlement. Because that's in many cases is slow because of all Cain systems and processes, and they're really looking at a number of areas. They're looking at it from the perspective of institutional investors, where they want to have institutional payments made more quickly for example, securities transactions. They're also the king to help organizations with very large treasury services is while and you can imagine that subsidiaries across the world on any to mention that money is being up to minds on the balance sheet funny. They went to work with international payments as well. Whether logical rations have large payments that have moved around the world and all of these processes suddenly aspects of financial services tend to be occasions. Before and slow. So what J P Morgan is looking at is to use this technology to speed up aspects of settlements in. This isn't something that's new for example, the Juno blockchain that was one of us Blockchain's that suggesting Morgan attempted was actually used in a settlement process to move money around between different areas of JP Morgan itself. So we'll be talking about hair is a next iteration of this the settlement in the end of the day is really about updating accounts is about updating are you what the balance held with you. And with me. Now, the challenge with this is that when you're in the realm of digital cash you need to think about who is going to be using that digital cash. A what that really represents? You know, digital cash is fine intended actually need to get your hands on the real money itself. And that's gonna read the lost mile of settlement. Now, the reason that's important is it's one thing to have an account balance digitally updated. It's another thing. To actually have that money in your account. And this is something the number of organizations have been struggling with for a while on the number of initiatives already in motion. For example, utility settlement coin that trying to solve a about eighty to one hundred million dollar problem with settlement. And that's what the moving of at the end of the day money that is H which other in terms of institutions into real money. So that part of the challenges you get with settlement today is that usually the settlement occurs in the day, which means that you did not necessarily know how you owe accounta- policy until rights at the end of the day when you find a cash out, what's mole with very complicated sophisticated investment banks, you may actually be loan to secular clients in one asset class short another asset class, then that could be completely different all over the world, but it could be the same counterparty. So if you think about it from a balance sheet efficiency perspective, you might beholding a hundred million dollars in reserves. Because JP Morgan may be willing to settle with golden because it knows that it does Goldman amount of money. However that just might be a purely product driven, Jill driven view, it might be possible to Goldman actually does a hundred million the different asset class that's being settled in a different country to imagine the efficiency play here. JP Morgan actually knew any point in time. Exactly what the net balance was that means they wouldn't be holding collateral. Reserve to be able to then settle some of those debts that actually beg in out. Anyway. So that's gonna really the opportunity the ability to get a real time view across products on a cross geography against a counterparties with that you can do some significant optimisation as to how you call your money, effectively the treasury management, and because you holding this in a digital way, you can settle not necessarily at the end of the day or under the tea plus tweak cycle. You can do that intraday. Which means that you can any point in time. Not exactly how much you need to settle and then full manage your your balance sheets. So that's gonna bring the opportunity if you're a Bank from about she perspective, then he can multiply some these benefits across the clients JP Morgan has as well because they can settle will quickly for payments. And now a word from our sponsor Lincoln when I find it's time to make a higher for my small business naturally. 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That's Lincoln dot com slash crypto Lincoln dot com slash C, R Y PTO and now back to the show. I think a lot of people in the crypto spaces skeptical of J P Morgan. However, when I was in Denver, a lot of people were happy that JP Morgan came into the blockchain space in they felt that having a big institution such as J P Morgan getting into spaces validation to what they have been working on for so long. But I want to go into something else. You said here shelf, you said real time view, and you said that a lot of transactions are settled with swift at the end the day. Let's go into for minute. A one on one on a couple of systems that are currently used in the mainstream transaction such as swift and are three and also talk about what J P Morgan's blockchain is designed to do. I want to know about J P Morgan blockchain and TPS of their blocking. I want to know about this because button is notoriously slow how can there black chain manage in have real time data as you said, if blockchain technology is inherently slow tech. Now, there's there's a really great questions. So let's take a look at the landscape of. Organizations today both in times of existing technology. That's being present within the infrastructure of today as well as some of the new players looking at blockchain so on the one hand you have off three which is a consortium of one hundred banks that have developed a distributed ledger, which is driven of a blockchain technology, and that was developed in collaboration with financial institutions to to build a rail that would allow these financial institutions to perform blockchain transactions. But in a way that transaction rail was built in collaboration with over needs of the institutions themselves. Another notable posse is swift not stunts with society of worldwide interbank financial telecommunication is founded fully six years ago. An has about eleven thousand financial institutions across two hundred countries and territories today, and they send about fifty million messages per day. This is really the backbone of help. Comments made unsettled across the world today. So all three recently linked up with a swift to to provide a settlement rail which allows actual transaction. Messages to be sent to settle in counts. Let's go really goes to the heart of the the settlement discussion hair, which is is one thing to message between posses the facts that each posse whose each other some full of money is another thing to actually fettle bats in real money within the council, guys Asians themselves. So you'll see a number of announcements whether it's all three whether it's J P Morgan of organizations licking plug in some of the plumbing to physically allow the accounts which have been held by Sydney stations to be updated with actual Fiat currency. And that's the big trend is how you translate the. Digital world of digital cash into the physical one moving into second part of that question. We were talking about the settlements. And we were also talking about keeping up to date panels and checking your balance in real time during the day and since blockchain is slow tag. How can it actually do that in? Also, you had a blog with the title JP Morgan coin, a feat of engineering or marketing. So if we could can we talk about why or how it would be engineering or marketing end does that have to do with anything with transaction speeds or the inherent qualities of this blockchain, Greg rice gin? So as we think about swift, for example, as we said, this is known as I should not processes fifteen million messages day now some of the fosters Blockchain's, which contain a claims to have the faucets. One can process about eight thousand transactions a second. So you you're still going to struggle around. You know, they could demand that swift has at the moment. And I think it was worth bearing in mind is that both chains have a very specific part to play in the ecosystem today is not necessarily full fully high-volume transactions. But it certainly plays a role in demonstrating to a range of participants exactly the balances any point in time, the consolidated balances across many organizations, so while we may not be able to get a pu- second view of balances. You can at least batch off a lotta this into a snapshot at a given point in time. There's a snapshot is former real time than end of the day. So there's always a balance with blockchain of using it for what best at which is a ledger of all transactions with full history. Full full divinity across all parties will parties can see. So with it. Is it engineering or marketing because like you just said with some of the fastest Blockchain's? They still can't keep up with swift. And like you said earlier SWIFT's use case is different than J P Morgan's intended use case and still it needs to be closed at the day with faster throughput. So is this just marketing or do they really have a solution for institutional users? So let's talk a little bit about. Well, the J P Morgan coin is that it's two paces. The first one is settlement the second one is a stable coin. And I think on the first point there is absent value and utility in the coin insofar as we know that settlement is a very important piece of the jigsaw to resolve and quorums technology as it's been set out. He will do that. The second point which is around the stable coin. You know, I think can be misconstrued. Exactly what the stable coin is if thinks about stable coin from the traditional sense, I'm show. Some of your colleagues Eastender of being customers in stable coin is crooked currency at anyone can vile, Sal, and it will maintain its value. So for every one dollar of USD stable coin, I can redeem not for one dollar certain so far as any of JP Mogens clients when deposited money received cleans ton are able to go back to J P Morgan and redeem a coin for a dollar. That's not really clear that they sense of how stable coins have been talked about in the wider area of the of the market and the way that I like to to explain this a little bit like you go into a casino. We change your dollars for chips. And then you can you can use those chips interchangeably on any. Of the tables, blackjack, roulette, etc. The stable coin is the piece says whatever you haven't chips at the end of the day. You could tell his back into real dollars the same amount as you have chips. And as we've seen in crypto the moment. Crypto is notoriously volatile which means that it's unlikely that will happen unless you have a stable coin and volatility is just not appropriate full institutional clients because they need to have some custom built into hedge that market risk around on the exchange risk. So that was the intention of stable coins is to provide that stability now, what J P Morgan is effectively done hair as they have indeed provided a mechanism where you can turn your real money into digital cash. A coin if you will and then peg that. So there's always that leaned that if you get to JP Morgan, you can always redeem that, but the problem is because this is a enterprise technology. It's permission technology. You can only do this with J P Morgan and only within the full of J P Morgan if your client. So you have to have an account with J P Morgan you have to have a quorum blockchain compatibility, and then you have to have that business relationship with J P Morgan as well and deposit at money in the first place to get coins. Instead. So I think that's going to some the limitations that you have now. Whereas I think, you know, the purest around stable coins with say that the point is the state will coin is that this is generally accepted by all parties. Redeemable what will pot is any point in time. So effectively really what we're talking about hair is an API or an API is a digital service that you can cool programmatic Lii, and it will perform a business transaction as part of cooling it. So really gonna vote. We're talking about here is API cool, not necessarily a currency in the true sense of the world, and I didn't that necessarily diminish his what JV Mogens done a tool. You gotta start somewhere a wine stop by affecting change with your clients with your PIN, L, and your technology. But in. Terms of a stable coin. I think it's not entirely, correct. To talk about it in the same guys. We would do with other stable coins such as the work that has done and Jiminez done around that stable coins. What are the threats the ripple extra p because isn't this? What ripple coin was supposed to be doing? It was interesting to see from a market perspective. Whether this coin would affect the price of exile pay which is an affiliation of ripple token that season the network and surprisingly there wasn't much from debate mock market, this note, significant change in price, and I think that's because you know, the they're preaching problems from two different ends. If what ripple is trying to do is to create a network that any organization conjoined and affectively transact by providing a an exchange profile between two currencies and the ability to route to it. Which if Morgan is really doing is to say, if you Bank with us, and you have account with us at business relationship, you're able to deposit money with us, and we will represented as a digital token that you can use with us, and then increasingly within network of other organizations of Bank with us. So there's a two different sides of the coin if you will the trying to get to that simmer can place, but the JP Morgan is very much taking from perspective of bay all the product in which is that banking relationships and the accounts, whereas replid saying the product is the network anyone can join that's agnostic to you know, one Bank in particular. Now is a big question as to how this will play out over time. Because there the swift is being around for longtime survived many different challenges in particular recent hacks, but because have to so embedded engrained in the. Oh system, and it does work will be at being slow and clunky. I think it's be very difficult to pull them out because there's a lodge risk in hoping from incompetent -nology. There are some recourse challenges around technology such as replicas. Well, you know, I would say that you money could be lost in the mail. But there are certainly some some some questions about what happens in on the sentence second stances as as transaction flows through. So I think you know, we're still very early on in the whole development of the ecosystem, which is why I think you've seen a negative reaction from from Whipple. At the moment. Okay. So, but why now because we are each headed already JP Morgan was not friendly to blockchain in two thousand seventeen two thousand eighteen so why release the technol- into dozen nineteen in that twenty twenty or twenty twenty one not a good question. You know, there's very much hot of that. Right. Matt. It just say happens that as the technology has matured the question now is less about the base time all g the pipes. If you will. It's now about taking what's being built nearly these blockchain platforms getting adoption, and then connecting it into the existing infrastructure. So I think that's why it's just the right time because that base layer is now which level of maturity, adoption, just my two cents. Again. I am always under the belief that bitcoin coin ethereal stable coins, such as die are not going to be the driving force to cryptocurrency integration. That's gonna be institutions like maybe P Morgan or Facebook. That's going to lead the charge by putting cripple currency or some sort of way to transact monetary value or value across their ecosystems by putting some sort of coin on black teens or work within their ecosystems allowing for faster message opposite and then bitcoin ethereal like when die will hop on board, and you'll be able to atomic swap between the institutional coins and these other crypto currencies. Do you think J P Morgan coin will have BTC or L C or extra integration? And do you think that JP coin ever go public for consumer use as an interesting question? I mean, this this there's always been a little bit of a standoff between this commissioned blockchain. Well, this this will garden if you will and the public network United clearly you have bitcoin maximum he believe that in a part of mission network has no more than a database. I'm believe that really the the troop off of digital currencies can only be in public. With you see the nominee and full access to everybody. I think in the reality of what was saying. I agree with you. Matthew is is it starts off with institutions saying we're gonna make it easier for our clients to do business with us because in the end it has to start with a very specific business case. Now, we're gonna save money or reducing sentiment time, we're going to consolidate all your positions. So you have trade, compression, and but about she management not begun to optimize your treasury management capabilities. Things of that nature. We is gonna come fuss. Because that's where the money is. That's where the pain is with the institutional investors of Mogo now from that that want to expand that wants to have some kind of interoperability with other organizations within the ecosystem most likely adjacent to J Mogens current interests. So think oh seek will buy side more exchange providers, then eventually. That is going to have to reach out in an incorporate additional aspects now as to kind of when it will go fully public in. I think is anyone's guess probably what you'll see is as it could be more of a secondary Malkin aspect where you're gonna find that the organizations that are providing a path of J P M coin again, if they're in for example, rather than JP Morgan saying, you know, we're now going to provide, you know, this this this past, you know, an supported trading so nothing it'll always gonna be on the on the adjacency of J P Morgan's existing business whether really focusing on making it easier to do business between the clients themselves. Do you think there ever be smart contract integration with J P? Morgan coin. I wouldn't rule it out. I mean, if you look at that frequently off questions as a question as Feddie similar, which is is is mentioned on this topic and their responses, effectively, you know, this is something that could be considered later. So I think it's not outside the realms of possibility it, I think if you look at where the direction of blockchain is going, it is clearly getting into this hybrid model on what I mean by that is that there is a public element and a private backoffice elements of emission elements, and that really the tree utility blockchain is the ability to marry the two components together. So I think it's it's an inevitability that is hybrid technology platform is what will get to not gonna wind contain has both a private technology in chimney to to launch public. China's well is that we do believe that you do need to have that crossover because there's a lot of value that you get from providing the full utility to everyone in the world, but then also protections the institutional organizations require from permission chain as well signals question. The day's gonna be more of a general question before asked that I want to say thank you for giving us a one on one on G P M coin JP coin. JP Morgan coin whatever is going to be called. And I feel that JP Morgan coming into the space right on a building on black is what we needed at this moment. We needed a confidence boost we needed the builders to see that what they're doing isn't always wasn't always in vain. And I didn't the space needed this during the bear market has this is the push to that's gonna keep us moving forward to say. Hey, what we're doing is important because look if JP Morgan is going to build on it. We have it right here. We are doing important work. But my question is what do you think of the crypto space at the moment? Are you bullish Sunday? I think a lot of the folks in in space looking at winds from the mex- recent run up, and then the rundown of prices and valuations, but I think overall we're actually in a better place in of another people would necessarily can give credit full in a clearly we're seeing a move towards the classification of toy. John's against rid of a lot of gray that we've seen before in terms of things like you. Tennessee titans. You know, we're saying imagine. So this security asset class of a beginning to see a major players starting to really end to this in a deliberate considered way and the SEC providing fall, clear guidance around the treatment of Sutton asset classes in within the digital space. Now Clinton ran a cash constrained environment as well. So I loaded the projects the may have funding before certainly will struggle in terms of end next round was gonna why looking at Oganization have enterprise use cases because that's the really difficult parts of this whole piece says how do you make a statement this clear to enterprise, which is around minimizing risk. Optimizing about sheets making aegypti business with them and improving. The ability to to settle and I think he can count in your hands the amount of blockchain companies that are solving this with real world use cases today. So that that's how I'd I'd categorize days really was seeing a movement towards quality stratification. So I'm a bull because I believe we have many of those components ready in place that thank you very much for that. Don't wanna want his position to be one of the first stops for people on their journey into the crypto space hints named crypto one to one. If somebody was listening to this episode in this was their first episode. There are listening to on their journey into space. What would you want them to know, sir? So certainly the way that I became educated in space was to voraciously read everything I could in this space a little times it stems from real idle curiosity reading from one article that takes to another takes to another. So in this can be from following a on on Twitter, you know, encourage the private enterprise blockchain side of things as well as on, medium polices. Well, and also attending may tops the information is certainly out there and there's a little discourse as well. So as part of this, you're gonna form an opinion, bitcoin maximalist, you're gonna be at missions blockchain maximalist another. It's going depend on where you know, you started life in in your career. You know, we're on the technology side in mill. So I think courage just ready to to use the resources that exist in the moment. Whether physical the jewel and make you curiosity take you down on and fully weather information is tonight benches will head growth at Kadena. Thank you very much for coming on crypto one one, sir. Thank you very much. The reach of it. Thank you very much for listening to this episode with Ben I want to say, thank you very much for coming on. And giving us a one JP Morgan coin in our next episode of crypto wanna win. I want to ask the question. Very simple question. Why should we continue to trust smaller exchanges or startup exchanges? When it seems. As though every smaller exchange loses funds eventually through the hacks poor upset internal disruptions for death. So I sat down with the founders of two smaller exchanges. Mike crypto wallet out of all strata and Agora trade a non-custodial decentralized exchange, and I asked them basic questions one how you work, and how do you plan to create confidence? So people use your platform, though, the two very interesting conversations, and I can't wait to share those with you. So look forward to the next episode of crypto at one end before we go like always checkout apogee crypto, that's a P O G E crypto dot com. The best place for your real time. Prices. That's the place. I use the check my bags your bitcoin. Light coin does coin ripple or. Whatever else you're holding. It's a place to check your praises in so much more. And thank you again for listening, and we'll see you in future episodes of crypto one who one.