36 Burst results for "Stokes"
Listening to Left-Wing Media Could Get You Killed
"I'm really on really frustrated i uh... i it's the day before thanksgiving i was really hoping to leave you all on high note now in case you haven't heard we have a terror attack being reported at the uh... new york border with canada near niagara falls at the rainbow edge why because that's what demon savages do they like to ruin everything that's why they're demon savages of course left the left loves them mike i'm sure they'll be a pro hamas rally tomorrow i have no idea who these people are i don't know what their motivation is it doesn't matter the point is whether they are left wing communist right pro wing -hamas i don't really care they you know they apparently tried to kill some people killed looks like they killed themselves to dead in this car bomb attack but i'm frustrated because i'm just gonna read it to you i i can't tell you enough i opened up the show discussing this today that if you're listening to left wing media you are going to get yourself killed i i mean every word of that you have to understand that the left wing media is populated by absolute demon savages themselves they have no interest in journalistic integrity whatsoever they have one goal and one goal only to do everything they can to silence the political opposition of the liberal movement united states that's it piece of human feces david ingram from nbc human waste pile david ingram from from nbc in an article i highlighted on my show on october conservative stoke fears of a hamas attack in the united states no credible threat the fbi says he cites a whole bunch of conservatives media matters wrote the exact same article by the way and the fascinating thing about the article was all the conservatives he cites in the article were simply restating what the demon savages had claimed was going to be a day of rage or an attack in the united states but because nbc is populated by pieces of human waste and people who out journalism at all nothing their only goal is to silence people like guys they look and they go okay here's their calculus folks so you've got a bunch of jihadis who just engaged in one of the most brutal terror attacks in human history in israel they're now same on our soil conservatives are reporting that they said they want to do the same on our soil you're at nbc in the newsroom you're like none the first thing a normal person would say would be like yeah we should probably warn people sounds that serious these conservatives aren't crazy they're simply reciting the same threats the jihadis that's not what a -hole uh losers in nbc and other people are thinking they're thinking okay if there's a terror attack people get killed but how do we use this against conservatives to censor them oh i've got an idea let's write an article
Fresh update on "stokes" discussed on Dennis Prager Podcasts
"As I noted, it says here he was a committed Zionist. He would abhor the Black Lives Matter stance on Israel and the recent spate of anti-Semitic outbursts by black celebrities. This is what this New York Times piece writes. He was against making race the focus point of the civil rights movement. He said, okay, we achieved all you wanted. It's like the March of Dimes. Polio was conquered, the March of Dimes moved, but they didn't keep it, marching for dimes for polio at least. But the civil rights movement acts as if there's more and more to be done to secure black civil rights in America, like they're being suppressed at the ballot box. It's just a gigantic left-wing lie. In a seminal 1965 Commentary magazine essay, From Protest to Politics, published after the passage of the Civil Rights Act and several months before the signing into the law of the Voting Rights Act, Mr. Rustin argued that the main barrier to black advancement in the United States would soon no longer be racism, but poverty. How do you like that? A black leader. I mean, big black leader. You know what? And the biggest problem in black life is not racism. What is it now? How many years later? Sixty years later, and they're still saying the same thing, racism. And all it has done is create a generation of angry young men and women who believe that, too, elevating their lives. At issue after all is not civil rights, strictly speaking, he wrote, but social and economic conditions that transcended race. In 1969, he called the proposal for slavery reparations preposterous, elaborating that quote, If my great-grandfather picked cotton for fifty years, then he may deserve some money. But he's dead and gone, and nobody owes me anything. This is the man who organized the 1963 Civil Rights March. Testifying before Congress in 1974 against affirmative action, Mr. Rustin said, Everyone knows racial discrimination still exists, but the high rate of black unemployment and the reversal of hard-won economic gains is not the result of discrimination, but of the same general economic conditions that affected the white unemployed. Contrary to contemporary anti-racism activists, the writer writes, who claim that the existence of racial disparities necessarily constitutes evidence of racism, Mr. Rustin asserted, quote, That blacks are underrepresented in a particular profession does not by itself constitute racial discrimination. What do you think? The man said the opposite. The opposite of what is said today. Although an early opponent of American military involvement in Vietnam, Mr. Rustin could not, as he wrote in 1967, quote, go along with those who favor immediate U.S. withdrawal or who absolve Hanoi and the Viet Cong from all guilt. A military takeover by those forces would impose a totalitarian regime on South Vietnam, and there is no doubt in my mind that the regime would wipe out independent democratic elements in the country. He was a giant, Bayard Rustin. Yeah, the Viet Cong, well, look, people. The grandparents of the pro-Palestinian demonstrators today marched for the Viet Cong. Ho, ho, ho Chi Minh. Ho, ho, ho Hamas. Or better, ha, ha, ha, ha Hamas. Ha, ha, ha Hamas. I'm not sure if you will laugh, cry, shake your head. Mumble, oh my God. I'm not sure what your reaction will be. It is worth playing for you. Brief remarks by the United States Education Secretary. There should not be a Department of Education to begin with. The education in the United States has deteriorated from the very moment the Department of Education was created. I always forget. Which president did that? Was that Carter? I'll check. I think it was Carter. Take a look. I'm very curious. It could have been Nixon. Yeah, it could have been. It could have been either. As government expands, quality of life deteriorates. The bigger the government, the smaller the citizen. The United States was founded to maximize citizen power and minimize government power. The United States does almost nothing that it was founded to do. We have this, not we, but the country has entirely rejected, because the left has entirely rejected the founders' values. It was Carter. It was Carter? Yeah. That's a legacy, isn't it? Who is the Secretary of Education? The Secretary of Education, who none of you know, or the number of Americans who would answer. Who is the Secretary of Education? I would say one percent. I would say one in a hundred. Miguel Cardona. I don't play slips of the tongue, ever. They're human beings, public figures. They're going to make mistakes. Everybody who speaks does. Everybody who speaks publicly, a lot does. But this is a bad one. Take it away. You know, we're going to set up follow-up calls with every governor we met with to make sure we're available. As I think it was President Reagan said, we're from the government. We're here to help. There are resources there, there's technical assistance there, and there's a playbook. We don't need any more. Let me read to you what he actually said, Ronald Reagan. The nine most terrifying words in the English language are, I'm from the government and I'm here to help. Oh, you need to see Sean, my friends. The man has not blinked since I noted this. There are no words. Staggering is a fair assessment of what you just heard. That's not a slip of the tongue. No, it's not a slip of the tongue. It's ignorance. Yeah, no, no, no. It's not a slip of the tongue. Correct. He doesn't know what President Reagan said. He cited the President as saying the opposite of what Reagan said. Was anybody present for this speech? It sounded like it was an empty room. No, no. Where was it? I don't know where it was given. I would like you to keep that. It's a Hall of Famer, Sean. Can you isolate the comment again? It's really worth hearing one more time. This is the quality of person the Democrats put up. I would like to know if you've done anything good for education. I assume that the Department of Education is major supporters of the teachers' unions. That means that all they do is harm children. Got it? You don't have it. I think it was President Reagan said, we're from the government. We're here to help. Okay. There you go. That is the Democratic position. Well, that is the Democratic position. That's exactly right. And Reagan was right. They're the most terrifying nine words. On an even more serious note, I'd like you to hear who made this compilation of Muslim clergy speaking. They don't have clergy technically in Islam. Talk TV investigation has unearthed footage of hate preachers in several UK mosques calling for Jews to be killed amid the Israel-Hamas conflict. So, Sean, I'm going to keep interrupting because I'm not sure people will be able to understand. I hope I can. These were not professionally made videos, obviously. Somebody in the mosque made it and provided them. So this is what is preached from mosques in the United Kingdom. Now Israel's war on Hamas has sparked suspected hate preaching in some of Britain's mosques. A talk TV investigation today reveals footage of preachers in several mosques calling for Jews to be killed and Israel to be destroyed. And we have handed the dossier of evidence to police and officers from three forces are now actively investigating. Holly Hudson has this exclusive report which comes with a warning that some viewers may find its content offensive. A sermon at the Redbridge Islamic Center in Ilford. The speaker prays with his congregation in Arabic to curse the Jews and the children of Israel. Talk TV had the recording translated twice independently. It's voiced by an actor. O Allah, curse the Jews and the children of Israel. O Allah, curse the infidels and the politicians. O Allah, break their words, shake their feet, disperse and tear apart their unity and ruin their houses and destroy their homes. And from London to Liverpool. If the two billion just marched on Israel, it's all over. The spot in the direction of Israel, two billion, it's all over. To Birmingham. The stones will speak and say, oh Muslim, behind me there is a Yahudi, come and kill him. Preachers at mosques across Britain have been filmed calling for victory for Hamas. O God, heal our hearts regarding the usurping Jews and in every enemy of you and the Muslims. O God, limit their number, kill them indiscriminately and do not leave any of them alive. O God, our Lord, disperse them, weaken their strength, shake the ground beneath their feet and freeze the blood in their veins. Make them captive to the Muslims. And stoking hatred against Jews and Israel with alarming anti-Semitic rhetoric. O revenger, revenge from the oppressive aggressor occupying Zionists. O Allah, shake the earth beneath them. O Allah, limit their number, kill them indiscriminately and do not leave any of them alive. Rhetoric that in some cases is as violent as that of Abu Hamza, the known hate preacher who delivered sermons at Finsbury Park mosque before it was shut down and he was deported from the UK.
If the Left Is Freaking Out, It's Almost Certainly Good for Us
"Got another one of my kind of not golden rules but let's call this a silver rule always measure what should be your level of concern about something by watching the left's freak out if the left freaks out about something is almost a hundred percent chance it's good for us put in Javier Malay mi le I put his name in Twitter the left is losing their minds at this guy won because they understand like they did in the Reagan Revolution with with Pope John Paul with like Melissa they understand that this stuff spreads and it's almost like a good viral contagion that when freedom spreads it's hard to stop and what is the left hate more than anything well obviously freedom they freaked out when Netanyahu wanted to shut down the judiciary overzealous in Israel that means to you you should say well that's probably a good thing they're reining this stuff in around the world millet wins in Argentina the left's losing their minds which means what applying again a rule about this you should say well this is a good thing we support the left freaked out about the right starting to take back some power in Germany of course what did the left do what they always do anytime the right wins any election sure the Nazis are back that's what they do every time because I remember everyone to the left is a Nazi despite Jim despite actual Nazis that hate Jews they love those as long as you say stop the occupation first you can say whatever you want ever kill the Jews whether you say stock you the up can't stop the egg which okay but if you're a Trump supporter you go you know I love free markets and I hate high -techs see that's a Nazi that's a this is how crazy these people were dealing with or Finland Sweden look what's happening in Spain I don't want to get overexcited folks well you can tell him jump in today's show because I'm really like stoked to get back on the air Friday no off good was for me it should have been there but Vince coordination screen you see what's happening in Spain there is a revolution going on in Spain right now we'll get into the whole details of the story but the bottom line is a left -leaning communist didn't have enough seats to take power in their system so we combined forces with a bunch of secessionist which is a big no -no is trying to like split the country up and the Spanish people
A highlight from Sam Bankman-Fried Found Guilty on All 7 Counts | EP 860
"You It's all going to zero against Bitcoin. It's going up forever Against Bitcoin you're against freedom Yo, good morning everybody Welcome to simply Bitcoin is Friday, November 3rd in the year 2023 So you can tell from the title crazy crazy stuff happening everywhere today on the Twitter verse of course We will be covering Sam Beckman freed found guilty on all seven counts and of course you guys should know if you're if you're Usually talk about all corners again. It is still the very beginning of the YouTube show So we will use the nomenclature all corners for the time being because it waters down our message We don't ever really want to talk about all coins because we believe it is Bitcoin not all coins there is Bitcoin and then there's everything else and The point of this show is to try to separate Bitcoin from everything else But for better or worse guys, the average person has had SPF on their radar I even was telling rustin yesterday one of my friends. I haven't talked to him in a while. He Was asking me what I'm doing lately. I told him simply Bitcoin and His follow -up question was what is your thoughts on this SPF guy and I'm like, oh my goodness. Here we go My parents have been talking about him. Yeah, all the public media has been talking about him and Finally I guess justice may have caught up with him welcome to law SPF and You know, you can't just commit fraud out there in the name of all coins and and doing good by the people You know, it is what it is There are laws in this country and it seems that SPF has been found guilty on all seven counts We will be talking about that. We got a bunch of clips We will be kind of trolling it out a little bit as well Rustin's gonna give you guys all of the signal on that one in the new segment and in the numbers We were talking about it yesterday. We are seeing At the current stage of the Bitcoin bull market, maybe the end of the crab market the very end tail end of a bear market We're gonna cover for you guys where we are in the cycle and we got a solid clip from Michael sailor at his microstrategy earnings call Basically saying what we've been saying all year long here that people are looking for alternatives. We are seeing public consciousness raised Public attention raised in regards to Bitcoin and what that means moving forward So we'll be talking about that in the numbers and the culture I mentioned yesterday I saw this thread and I really enjoyed it and it was on black rock and Bitcoin So I'm gonna cover that I know we all have the view of F black rock Don't really like black rock obviously for obvious reasons, but I think They may be incentivized to play along with the rules I'm even gonna bring up the white paper and the incentives portion of the white paper which maybe Satoshi was right all along and this is why we are doing what we're doing because if black rock can take down Bitcoin Then what are we really doing here? And then actually actually before I move on I'm not sure if you guys saw this morning, but shouts out to our brothers over at Bitcoin magazine apparently the Federal Reserve is suing them for Basically making a parody t -shirt of the Fed now system and They are saying that they are infringing on their copyright. Absolutely incredible We do not want to associate ourselves with Fed now system and the boys over at Bitcoin magazine, I guess are over the target This is more Credence to the idea of then they fight you stage Absolutely incredible stuff. We will get into that a little bit at towards the end of the news segment, but welcome to simply Bitcoin We are your number one source for the peaceful back Bitcoin revolution We cover breaking news culture and of course mimetic warfare We bring on big corners from all around the world and the biggest names to the everyday big corner We got them all and we will be your guide through Separation of money and state of course. I'm not alone. I got my boy rust in here And I already know that we're gonna get a little crazy. This is the Friday show things should get a little Light -hearted. I I saw a little bit of what rustin has in store for you guys and just gonna forewarn you We will be giving you the signal but we are gonna troll it out a little bit. I'm gonna be honest Well, we're gonna work. Oh, yeah Today we're gonna Oh, I'm stoked up. I'm so stoked out there. You have to happy to be here We get a lot of good news, apparently maybe the system kind of works but not really So we'll dive into that and see what was left out of the trial and the charges. It's very interesting How the media treated this guy leading up to it all throughout the whole thing. They love this guy. He came out of nowhere He looked like he lived under an overpass and and then he was there darling I we got a very good clip of what what's his name? Oh leery what stop listening to these people? They are absolute morons and I think we're coming to a conclusion. Maybe the CDC will pick this up but maybe there may be a connection between degenerative mental illness and Prolonged use of shit coins. So we're gonna dive into that and see if we can get to Bottom of it and also we are way over the target Bitcoin news in the Fed now, we got some good nuggets for that, too Love to see it guys as we always say, you know, the coin is peaceful revolution and memes are artillery ridicule is a powerful tool in our toolbox and hey guys, it is working and Actually before we go in there It just it's absolutely incredible that people at the Federal Reserve Are are digesting Bitcoin content like we're winning absolutely winning so hard. It's incredible But I want to know how many of them have one of those shirts Actually talking with my boy Joe did not many have those shirts at all so Streisand effect in real time. We'll see. We'll see. Anyways guys. We got a lot to talk about. Let's get into this The Bitcoin numbers is your Bitcoin in cold storage really secure is your seed phrase Really secure stamp seeds do -it -yourself kit has everything you need to hammer your seed words into commercial grade Titanium plates instead of just writing them on paper Don't store your generational wealth on paper papers prone to water damage fire damage You want to put your generational wealth on one of the strongest metals on planet earth? titanium your words are actually stamped into this metal plate with this hammer and these letter stamps and once your words are in They aren't going anywhere. No risk of the plate breaking apart and pieces falling everywhere Titanium stamp seeds will survive nearly triple the heat produced by a house fire They're also crush proof waterproof non -corrosive and time proof all things that paper is not allowing you to huddle your Bitcoin with peace of Mind for the long haul stamp your seed on stamp seed Alright guys stand the QR code. Make sure your seed phrase is backed up It's not on a piece of paper in your sock drawer Get yourself a stamp seed kit and also actually actually before I forget guys we are so close to hitting our 21k subscriber a Threshold on YouTube. We will be doing a giveaway. I'm guessing probably live on Monday and the mega prize is a stamp seed Full kit we might even throw in a shirt or a hoodie in there. I don't know where work We'll talk about it over the weekend. But one of you guys in the chat that's been hanging out with us all year I wrote my list down you will be getting a stamp seed kit but for everyone else make sure you scan the QR code and you secure your seed phrase in something that will last the test of time anyways, let's get into the numbers guys because Got a lot of talk about anyways My favorite number the block height tick tock next block The only date that matters is the block height and we are currently at eight hundred and fifteen thousand one hundred and thirty -eight The current Bitcoin price is thirty four thousand seven hundred and thirty and actually little side tangent Rustin we got rug pulled yesterday with our clickbait title. Apparently the Bitcoin price dumped on us when we were like Yeah, Bitcoin totally trolled us yesterday. That is a hundred percent pain max pain in regard to the price Anyways, the current Moscow time aka what your Fiat dollars worth aka how much Bitcoin you can buy for a single dollar It's currently at two thousand eight hundred and seventy nine cents per dollar or for you bit maxis out there 287 bits the total percentage of Bitcoin that will ever be issued I repeat ever be issued until the end of time is currently at ninety three point zero one percent the market cap of Bitcoin in fiat terms is at 678 point four billion the realized monetary inflation taking fiat currencies to school is at one point seven four percent and that Will get cut in half it'll go down It's gonna go down in April roughly April the Bitcoin verse gold market cap. Is that five point eleven percent? Barely at five percent of the gold market cap and that is ten trillion dollars guys And you guys are you guys are bearish out there couldn't be me can't relate Anyways, the total public lightning capacity is at five thousand three hundred and six point nine nine BTC The hash rate the last 90 days is at four hundred and fifteen point four exit hatches the pending fees Wow Okay, yesterday was at one point nine today is at three point nine Oh for Bitcoin currently sitting in the mempool that Clark Moody dashboard is reading and then of course blocks to having We're at twenty four thousand eight hundred and sixty two and as of today the having estimate is the mean number April 20th 2024 let's let's hope we mean that into reality anyways guys As we were telling you yesterday We've been covering it constantly on this show the theme of You know yesterday we talked about the flight to quality. We talked about the bond market. We talked about inflation numbers we've talked about corporate press covering Bitcoin in favorable light or rather even in unfavorable light, but it does seem like we are crossing the Rubicon into mainstream consciousness and moving forward if you are in Financial markets financial media you will have to talk about Bitcoin and I say it all the time, you know Look, we're just youtubers. We're just Bitcoiners. We're just everyday Bitcoiners that happen to make a show We just cover what's going on in the world. So We realize that maybe what we say about Bitcoin doesn't hit as hard as when a billionaire rocket scientist Talks about the same things we're talking about or rather maybe we need to wear suits So we seem like we're more authority figures or maybe one day we'll be on the television and then now that will give us some Sense of legitimacy. But anyways, this is another simply Bitcoin. I told you so moment and Sailor is just saying everything we've been saying forever on the show Anyways, you can see this tweet by a swan it goes Michael sailors bullish mainstream awareness seems to be reaching new heights of Bitcoin And this is from today's micro strategy earnings call. So we got a short clip We'll talk about it and then we will move on into the news, but check this out He's saying what we say all the time guys. Love to see it. We're winning constantly winning. So Tune in strap up. It's gonna be a great bull run mainstream awareness Seems to be reaching new heights for Bitcoin we have We have the likes of Larry Fink Referring to it as a flight quality we have Druckenmiller noting that it's a legitimate asset embraced by an entire generation and Lamenting that he doesn't own more of it or own it We have Muhammad al -aryan on television noting that Bitcoin is being viewed now as a safe haven asset We have a lot of coverage of Bitcoin in television On television networks news networks and also through mainstream media that should continue to grow as that coverage increases that combined with increasing availability of Wall Street analyst coverage and new voices emerging in the community like like fidelity with their analysis of Bitcoin all of those new voices and new interest is Driving of education a new generation of investors I think we can expect more of that during the coming 12 months and All of these things together just create a virtual cycle and as they drive Bitcoin awareness they should drive Bitcoin investment and that should drive more news and that should drive more awareness and that should catalyze more and more firms to take an interest in supporting Bitcoin or investing in Bitcoin and Absolutely love to hear it and and remember guys I'm I just thought of this as we were live because I've been using this chart a lot again I'm over here at nakamoto Institute org chefs at the pierre Richard.
A highlight from Chat_86 - Everything on Bitcoin with Robin Linus & Super Testnet
"BitVM is a virtual computer and if you've ever dealt with virtual computers, you download something like VirtualBox, you get the software for an operating system, you plug it in there and you hit go and suddenly you've got like a digital version of a computer running a copy of Linux or Windows or Mac or whatever operating system you told it to and it'll just pretend it's a Mac or pretend it's a Windows device. And that's what BitVM is, it's a virtual computer that we found a way to fit into Bitcoin. Robin, SuperTestNet, I just want to say welcome to Bitcoin Audible, it is really exciting to have you guys, I have been loosely diving into this project that you guys have been working on and listened to a bunch of stuff but I was super stoked, like I really just wanted to have you guys on so that I could kind of dig through some of the edge cases and really just kind of get a direct response and kind of explore this with, I know the crew has been kind of buzzing about this as well wanting to hear this episode. So I just want to say thank you guys so much for joining me on the show. Thanks a lot for having us. Thank you so much for having me, it's an honor to be here. There we go. Alright guys, so I want to start with just what led you towards producing this. The project, just in case anybody is unfamiliar at this point, is BitVM, which is a virtual machine, essentially arbitrary code, that we can actually use to lock the ownership of Bitcoin on chain. So even though there's an extremely limited scripting ability on Bitcoin, quote unquote limited programmability, we can actually trick it into not having that limitation. But I'm curious, and let's start with Robin and then we'll go to Supertestnet, where did this come from, how did y 'all kind of get to this point that y 'all were trying to build this, and also where'd the idea come from? What made you think you could even do this? Okay, that's a lot of questions. Like the high level goal is just to scale Bitcoin, right, to be able to process millions of transactions. And an idea that I find very appealing is to have a free market of sidechains, where essentially everybody can just spawn a new sidechain and be like, hey, I got this privacy feature or I got this scalability feature or whatever scripting capabilities. And I want to offer that to the market and then the market can decide if that's useful or not. And that would be really awesome if that would exist. But that requires some kind of two -way pack, some kind of bridge. And this bridge is complicated and people don't really agree on how these bridges should be built. And that's why it's so hard to convince the community to find a soft fork for building some kind of bridge. Bit300 is one proposal. But yeah, people don't strongly agree on it, I would say. And that's why it doesn't happen currently. Out of curiosity, were you a Bit300 proponent? Yeah, definitely. Okay, okay. What about you, Supertestnet? I don't think we've ever talked about it. Bit300 is better than BitVM because it's just the clean way of doing it. BitVM suffers from the same problem at the end of the day. If really the majority of the hash power is evil, then the system fails pretty quickly. Same for BitVM as it is for drivechains. Drivechains is even more. Yeah, I'm a fan of Bit300 and I wish we had it. Now, out of curiosity, and this is something that I have had a really, really hard time getting strict really clarification on, because one of the issues, like the golden ticket, so to speak, the magic bullet of a two -way peg is that no matter what on the sidechain or whatever system we have for aggregating a bunch of transactions, the keys remain someone's lock The hash for Bit300, as I understand it, is that merely the majority hash rate is the ownership of the coins. Is that or is that not correct? Like in the sense that the unlocking of the funds is purely due to 51 % of the hash vote for that UTXO, for that balance of funds.
A highlight from George Washington: Bitcoin Maximalist?
"Would our founding fathers be buying Bitcoin, stacking satoshis, sending it into the rafters? Let's take a closer look. I'm Drew, here to bring you the Druth. As the U .S. edges closer and closer to what appears to be a controlled demolition, we must take a deep breath, a step back, and realize this amazing chance that we have as a nation to recapture our sovereignty in a brave, peaceful, and eloquent manner. But first of all, what is Bitcoin? Bitcoin is a decentralized, trustless, private, finite, open -source, and permissionless, immutable financial system. In short, it's secure, and it keeps moving. These values have shaped the development and adoption of Bitcoin in an effort to create a more decentralized and equitable financial system. Now, how does this decentralized, equitable financial system pair up to the founding fathers? Well, the founding fathers played a pivotal role in the creation of the United States. They believed in an individual liberty, a limited government, and a free market economy. They also believed in the importance of privacy and the need for checks and balances to put a stop to England's abuse of power. Thomas Jefferson famously said in 1802, I believe that the banking institutions are more dangerous to our liberties than any standing army. If the American people ever allow private banks to control their currency, first by inflation, then by deflation, the banks and corporations that grow up around these banks will deprive the people of all property until their children wake up homeless in the continent their fathers once conquered. Let's avoid that dystopian process. When central banks remain unchecked, money creation is privatized and allowed to feed a constantly growing war machine. Look across the ocean at what's happening in the Middle East right now. This has no outlook of stopping. Although taxes stoked colonists' original anger, the Tea Act itself didn't raise the price of tea in the colonies by one red cent, or shilling as it were. The American colonists believed that Britain was unfairly taxing them to pay for expenses incurred during their French and Indian War. Where are we now? Well, this nation is founded on a revolution against taxation without representation. We have been slow -boiled into another situation of tyranny actual. Do you feel like the elected leaders are truly representing your wishes at this point? Today's tax levels are as follows. You have 15 % income tax, 8 % sales tax, short -term gains tax up to 37%, and long -term gains at 20%. Not to mention a litany of other property taxes. Biden hopes to raise these tax rates even higher to help propagate the proxy war with Russia in Ukraine, and now it looks like Israel will be added to the list, unfortunately. We must stop this irresponsible mode of operation before it's truly too late for humanity. Back to my original question. Would our founding fathers be stacking bitcoin right now? Hell yeah! Bitcoin has shared our founder's distrust of centralized power. Bitcoin operates outside of the control of governments and financial institutions, allowing for a more free market economy. This is very similar to the founding father's belief in a limited government and a free market economy as well. Americans celebrate the civic virtues of our founding fathers like George Washington, but there is another founding father who deserves celebration in today's day and age, and that is Satoshi Nakamoto. Like Washington, Satoshi walked away from immense power, and so now bitcoin is roaming free. For anyone you know that has a sovereign mindset and is looking to regain their own personal liberties, share this message with them. Spread this across the internet far and wide so that we can help shape the future. And until next week, Druth out.
A highlight from Bitcoin Set For MASSIVE GAINS! (Best Time For Crypto Accumulation?)
"The pump is never over, folks. Boy, I know. I'm feeling good. The crypto markets are starting to decouple from stocks. We may have cooled down a little bit, but we're expecting to cool down. I'm still feeling very bullish, still feeling very excited, still feeling very, very optimistic about this upcoming bull run. We got TJ and Josh with us on the ones and twos. How are you two doing today? Fantastic. In the corner today. I'm loving it. I got grounded. It's a little easy. You get to sit. And that's the main difference here. I like the shoes, man. I need that with my shirt here. But we got TJ. TJ, how are you feeling today? I'm feeling good. Love seeing Bitcoin going up. All right. And we're also talking some alts and we do got some alts that are performing quite well today. Folks, we're going to talk about Bitcoin and the decoupling we're experiencing with Bitcoin and stocks. So long have we said, well, Bitcoin has a strong correlation with tech stocks. Bitcoin has a strong correlation with growth stocks. Bitcoin has a strong correlation with the risk adverse or the risky stocks here. Those days might be behind us. So I don't want to hear about the S &P is dropping. I don't want to hear about, well, NASDAQ is showing some strong resistance at these levels. So I better sell my Bitcoin. Bitcoin might be the new master asset, the apex predator of all assets. I know Michael Saylor, he had that prediction three years ago. Well, it may be coming true today. All right, let's get right into the show here. Folks, make sure you check out Josh's video, came out last night. Let me hit home. All right, right here. You are here. And I would say that kind of sums up where we are within the four -year cycle. Still a firm believer in the four -year cycle. But I want to ask you, do you feel like just looking at that film and the video that you were in yesterday, do you feel like that's pretty accurate? I can't help but say I'm getting a lot of echoes of 2020 right now. The vibes are coming back. It feels like late 2020 or maybe that early January, we're all kind of debating on where we're currently at, but it does feel like that life's coming back from the market. So just it felt right. It felt right. The thumbnail looked good and the video is immaculate. So make sure you guys go check that out. Yeah, go check that out. I do want to share, you know, you talked about the vibes. I think we're not going to go into the X minute just yet, but I don't have it. There's the meme of it's Leo DiCaprio and it has him, you know, it's like, you know, Bitcoin at 35K today. But then it shows Leo from The Revenant is like Bitcoin at 35K about a year ago or on the way down. And my oh my, how things feel different when they're on the way up versus when they're on the way down. In fact, I remember people feeling bad about 50K. You know, there's a point where 50K was a scary number. Oh no, if we go below that, oh, it's over. Now, can you imagine how positive we would feel if we hit 50K? It's a night and day difference, folks. All right, make sure you're following us on X. Follow Josh Jake. It's not it's Joshua Jake, it's ZZ Joshua Jake. So you want to make sure you have the Z. Is a fake account, did they have the yes? Yeah. So that's actually why I had to do that in the beginning. Yeah. Yeah. There's a lot of Joshua Jakes out there. It's a very common name. You know, my parents just grabbed that right out of the Bible. They didn't try too hard. So unfortunately it's a lot of competition on social media. It's the resurrection of the basic names here. The new speaker of the house, his name might be Mike Johnson. It's like John Smith, a Mike. Is there any kind of combination of those names? We get to come up, you know, maybe just some vague thing where no one could really remember like, oh, we've got a Mike Johnson in the back. All right. That's perfect. Go ahead. Sign them up. All right. So it's Josh Jake. And he also catches a content here on Tik TOK, uh, 532 ,000 followers. I need to throw my Tik TOK up here too, as well. All right, guys, let's get into the crypto market though. I just hit refresh, but I like that fresh, fresh data. So we're going to hit it again. Just like that things update folks. Uh, we were up 0 .7. Now we're at 0 .6 here. You can see the crypto market cap coming at $1 .3 And trillion. real quick on that, we were talking a little bit this morning about how that 1 .3 trillion total market cap could be a little bit of a total market cap resistance from, you know, on the way back down. So, or it might break through. Yeah. Yeah. People were wanting to slow it down. Uh, no, not Josh. You, uh, sake. Uh, no, it's has the Z, not, not the, uh, not the Josh name. Uh, all right. But that's probably, you know what? You just made a new fake account. It's almost like, Oh, good idea. And now I'm going to send you a message. How'd your trades going? All right. Uh, let's go and look at the 24 hour. What is going on with this 24 hour volume? TJ, let me get your take here. I can't even remember the last time I've seen, you know, it's very rare. We get triple digits. I can't even remember the last time we saw over $200 billion. It's almost looks like a glitch. Uh, this is such a high, uh, departure because yeah, we have skyrocket. We've been hanging around this 30 to 50 billion. And now we're coming in at 230. What do you think this is a Bitcoin whales taking profit. That would be my best guess here. Yeah. I mean, obviously these are, these could be liquidations. It's a lot of money changing hands at these levels. Um, and, but I think it's just interest in, uh, money coming back into the market. We've got a lot of stuff, a lot of stables on the sidelines, a lot of cash on the sidelines. And I think people, the FOMO is just starting to kick in. I think a little bit from a lot of the bigger players, when you see Bitcoin take a big move, like it did over this past week, this past weekend, uh, you know, it could potentially rally into this weekend. I'll be really interested to see, interested to see what it does next week. Yeah. Seeing, uh, these volume numbers kick up is a very promising, uh, for all of this moving forward. It's exciting. It's fun to be, it's like, we are, we're back. We're back. Yeah. We're back. And, uh, we're seeing also a lot of hex volume too. So maybe Richard Hart, like woke up that God ETH wallet. Who knows? All right. Uh, Bitcoin dominance coming in at 51 .2. I'm not feeling the best about my bet with Tim Warren that we won't hit 60 before we hit 70 K, but you know, I'm, I'm still being optimistic here. ETH dominance coming in at 16 .6 and surprisingly low gas for $230 billion in volume gas, only 34 Guays. So really not too bad in the grand scheme of things. Let me zoom out a little bit. Bitcoin's price coming in at $34 ,181, uh, still kind of just ranging around in this 34 ,500 to 33 ,500 range Bitcoin down about 1 .3 % Ethereum down about 0 .1 % now below 1800. Let's, let's click on this. Just see how much has been battling that level. Okay. Okay. Uh, going against it, going against it, trying to pass it, trying to pass it past it, fake out, uh, you know, fall through support and then come through test support again. And now we're falling through. So we're going to maybe want to take a nice look at that one with charts here. Let's look at some of these other movements here. Look at that Solana, uh, pull back there. So a lot of people taking some profits off that Solana pump. You see it's up 31 % for the week, but now a nice little 5 % correction. And then doge coin. I said a lot of Pepe whales are going to roll their profits into a meme. And I chose doge as the meme took about a week, but, uh, it looks like maybe now it's starting to happen. I should have put my money where my mouth is. I didn't, I didn't listen to my own theory, but if you did, you're making some money. So go ahead and hit that like button. I appreciate it. All right. Uh, we have chain link whales, probably, you know, Sergei, he's starting to sell. So it's down about 4%, but still above $10. So 10 73, really good price. Now's the time to look at the top gainers. Are you excited for this Josh? I'm stoked every single day. Well, actually today's top gainers, you're going to see who it is. You'll see who it is in just a second. It's your favorite coin, right? When you see it, you want to throw a gala. I'm talking about gala, the gaming token. What is your opinion on gala? It is up 42 % for the week, still below 2 cents though, but it's above a penny. I used to love gala games. I really did. I used to hold onto it a lot in the last bull run and ultimate or leading into this, uh, bear market, but it was kind of, we just kept getting just plunged by a very, very thick samurai sword, just straight through the chest by the team and the foundation. Uh, and so, you know, just slowly over time, uh, you know, I started kind of starting to step away a little bit after what they were doing. Did you get in before the major pump right here? So I got on the max chart now. It looks like this was right around. Okay. So right when Bitcoin was pumping November, 2021 gala went all the way from under about a dime to about 65, 70 cents there. So when did you get in? I didn't get into about 20, 25 cents. I knew someone that just like was running all their nodes and stuff. So he made me jump in, but I made a quick profit off of it. Uh, but yeah, you know, and then kind of just fell in love with the community, got involved in the NFTs was like, Oh my goodness, play to earn game. He's going to be huge. Uh, you know, and there's just a few discrepancies that took place with the team and the foundation and early on NFTs. So, well, I think that there's a good lesson there too. Cause I, same thing. We got excited about gala. We played with some of the nodes. I've been to gala verse. I'm very intrigued at where web three gaming is going to go. Uh, but he mentioned a lot of different things, the team, the focus, the initiatives that they were on. And I, when I went to gala verse, I believe it was 21, maybe, yeah, it was summer of 21. They were unveiling the music stuff and gala films, and they were definitely very split focus going a lot of different directions. Uh, the, uh, one of the original founders, definitely strong resume, but seeing a lot of the different initiatives that they had made me pause and like, wait a minute, just stick to games. If you guys go to all these different directions, it's definitely going to get fragmented very quickly. Um, and so I think there's something to be said there for watching a project, seeing what they're working on, they can have a really good idea of being a really good niche just because the project doesn't necessarily succeed. Doesn't mean gaming, you know, web three gaming, isn't going to succeed. Uh, and I still would like to see where some other games come out because they've got a lot in development, but, uh, the tokenomics, we've said for quite some time on this channel, a lot to be desired for. And, and, and that happens a lot in gaming. You get people that know how to make games, but they don't know anything about blockchain. Uh, and so you end up with a good game and bad tokenomics, and then the inverse, you might have really good tokenomics, but a unplayable game. And that we haven't really found a happy medium yet. And I will say this about gaming tokens, it's going to have a high percentage of investors are retail compared to very obscure defy play compared to, you know, this L two side chain para, you know, those are going to have a more of the, the, the in -depth people gala is going to have a huge influx of retail is my prediction. And then the markets can remain, uh, irrational longer than you can remain solvent. And so don't, you could have, you could be screaming at these people don't buy this because look at this huge token unlock and they're like, yeah, I don't really know what that means. I'm going to go ahead and buy this coin. Shut up nerd. So that's going to be my two cents on, you know, the, the counter where, Hey, you know, these tokenomics are terrible. There's no way it can pump. There's going to be a huge percentage of people who just do not care about that. Unfortunately. I agree with crimson caravan company says web three gaming is going places, but I don't think gala is going to take it there. Okay. I tend to, yeah, I think play during game is it'd be especially in the e -sports category. I mean, there's just so much you can do. That's going to allow a lot more gamers of streamers out there. I know you come from Twitch. It's such a competitive area. I think there's going to be a really good crossover in the future, but like you said, it's just, we haven't found that perfect balance yet. And I do expect that to come in the future. And don't you have a little bit of a gaming background, Josh? Yep. Yep. Just a little bit. Try playing professionally with the Vegas competed to the whole nine yards and then started there. That's where I actually started streaming Fortnite's call of duty. And then the game called split gate. If that's a young person's game, a first person shooters is a young person's game. If you look at Fortnite, like the world leaders are all teenagers are lower. And so like at a certain point, like these, these milliseconds of reaction speed is what makes the world champion 22, 23. You can't do it anymore. Cause some 12 year old is going to be like, you know, moving his fingers a hundred miles per hour. It's crazy. Yeah. And also there's a really bad drug usage and a first person shooter. E -sports also in magic. Yeah. Yeah. They actually rolled back the drug testing parameters. That's a real thing. It's like actually a recent story from this week. They, they, they rolled that back. So it's, it's Adderall. So it's, it's, it's heavily, heavily abused in the gaming industry. All right. Let's talk about some of the top gainers though. Speaking of being abused, we have Doge. It got abused all the way down from 69 cents, but now it is back to under 90 % correction folks. So we're back to 90 % draw down instead of 95%. So how do we feel about that? A Doge coming in 7 % pump up to 7 cents, a quant. God dang it. We're just, we're talking about quants so much internally in the office in the past. I don't know a lot yesterday and a lot this morning. I didn't know it was even the number three gainer. We got to get these shorts out. We should have got a short out, man. We should have done a quant short because guys, this was on our radar. We were talking about it. Also we have roll Bitcoin. It's up 5 .4 % along with rocket pool, Shiba in you. So I guess my theory did play out. Folks said the Pepe whales are going to put it in meme tokens. It looks like it's finally happening. Arbitrum up 5%. The graph. Hey man, what are your thoughts on the graph? I love the graph, by the way. Indexing is a huge part of the industry, but you know, if you're trying to read a white paper, I did kind of close my eyes and felt like I was in a library, but you know, indexing is going to be needed for scaling and everything on Ethereum. So I do like graph. I've looked into the past, made quite a few videos on it, but ultimately I don't hold it. Uh, I think I just, because I don't know, again, it just wasn't, it's not the sexy token of the industry. You know what I mean? No. And when you start breaking down, uh, it has a good moniker, which does not, I'm not saying this is what the graph is, but people call it the graph, the Google of blockchain. Yeah. And they call it that it doesn't really make any sense once you really kind of deep dive, but on the surface, it's, it's a not totally unfair comparison. I could see retail and speaking of retail, you know, there's a couple of retail plays. I think I think crypto .com, just the fact that it's called Crow, easy to say crypto .com great URL. I think that's going to play out in a large way. And I would say the same thing for the graph, Google of blockchain. Well, that sounds good. It's on Coinbase. I'm going to buy, Oh, it's under a dollar. I'm going to buy it. So I really feel like retail is going to come back. Also all the people that stayed on the sidelines who had huge pumps from it. Uh, so they, they're probably going to want to get back in. All right. Avalanches. Uh, then after that guys, it gets a little bit boring. We're under 3%. So let's look at the top losers. There's none.
A highlight from Ep397: Why Entrepreneurs Like You Need To Start A Show - Gary Harper
"The podcast makes it about you. It makes it about the entrepreneur that's trying to grow a business. And so it allows them to tell their story. It gives them a platform. Right. And so that's for me more of the reason for the push. Most hosts never achieve the results they hoped for. They're falling short on listenership and monetization, meaning their message isn't being heard and their show ends up costing them money. This podcast was created to help you grow your listenership and make money while you're at it. Get ready to take notes. Here's your host, Adam Adams. Hey, podcaster. It's Adam Adams. And today I'm joined with Gary Harper. Gary and I have been connected for years and years on social and haven't had a lot of chances to talk. So this is kind of an opportunity for me. He's a business coach. He not only helps other people have businesses, but he walks the talk, meaning he has 10, 12, 18 businesses at a time. He buys them, he sells them, he starts them. And enough, interestingly he launched a podcast before covid and then around covid, he slowed down the podcast and eventually paused it. And a few years later, now he's getting back into the podcast. And so you should be taking this from today. You should be thinking, all right, somebody is super successful, bought and sold businesses, launched businesses, makes a lot of money and has their hands in a few different places. Thought that it was so important to do a podcast that they are coming back to it even after a short hiatus of a couple of years. And why is that? What is he looking for? What is he doing? And how can you, the listener, implement that stuff as well? So, Gary, I'm stoked to have you on the podcast. Like I said to the listener, I've been admiring you, following you. I know what you're doing is really awesome. It sounds like you've been the business coach of some other people that I also look up to. So really good stuff. And I want to jump into that. So the big overarching part of your business is this word sharper, sharper process, sharper personnel, sharper ministry, sharper ventures, sharper education. Tell us a little bit about and I don't usually ask any guest this, Gary. So you're just lucky. You're just lucky. I never want people to just tell us about themselves. And I think that's important for our listener as well, because when we launch podcasts, when we start a podcast, when we have somebody on, I usually never say, tell me a little bit about that. Tell me a little bit about your background or how did you get into this? I think it's a boring first question in general, but it is really interesting with you. And I think it will be able to play into some of the questions that we ask as well. So do you mind sharing with the listener like why sharper? Kind of what is your background? How did you get to where you are? And then we'll get into the podcast journey. Absolutely. So early the late nineties, I got into just understanding the importance of real estate and creating passive income through different systems that are out there, Carlton sheets and things like that. And then rich dad, poor dad book and started my journey about the same time in corporate America. So I was running these two parallels in real estate, trying to be an investor, and then also the parallel of trying to build a career in the corporate world and was successful in one I'll get, let you guess at which one I was successful in. No, I actually I was successful in building an entrepreneur or a a corporate America job. I mean, that's where I was. I actually made it to executive level had over 750 employees throughout the Midwest and real estate. Wasn't actually, wasn't really good at it. And so by 2011, I actually lost my shirt and decided I was never going to get back into a real estate transaction ever again, as many entrepreneurs did in 2008 to 2010 and successor in my corporate America job was right in front of me. So I started to chase that. And then I think God had a little different plan for me than my own intention. I got bent by tick. I came down with Lyme disease, almost passed away in 2011. And so that journey of success entrepreneurship was paused very quickly took about a year off, found myself like really, really missing out on the opportunity to have passive income to kind of carry me through that year started as I got better, started to get dabbling back into real estate. And then I made the decision in 2012 to go full time into real estate, instead of chasing my American dream as a corporate executive. So I essentially retired from being a corporate exec, went into real estate full -time partner with my brother -in -law bought and sold over 300 houses a year together. When did that start with your brother -in -law? 2012. Okay. So in 2010 or 11, you were like, screw this real estate. I'm never touching it. And then 2012, you're flipping hundreds of houses. Yeah. I mean, it wasn't quite hundreds to 2012. It worked it up to it. By the time I stopped doing real estate actively again was 2016. And we were doing over 300 deals a year then. So it was definitely scaled to that level at that point. And then I found myself, you know, where my pure love was. And I think just like everything in life, things, your experiences bring a passion, your past brings a love for something. And so I found myself combining the coaching with real estate. And so I started in and out of the journey of trying to coach real estate investors, how to build a business, not do a deal. Like I don't talk to really people about how to do a deal, right? How to buy and sell houses. I teach people how to buy, you know, how to build a business, even buy and sell businesses. And now outside of the world of just real estate, we're helping hundreds of people every year with their business and how to grow it properly. We'd like to say, help you rise to your a hundred percent. And so I've been doing that since 2016, going on eight years now. And we've helped over 2000 businesses in the last seven and a half years. When you say 2000 businesses, how do you like measure a number? Is it if they bought a book? Is it if you did a personal coaching or what gets the 2000 people that you had help? So I've had to coach them in one capacity or another, whether it's one of our power days, our full circle or one of our events that they've come to where I actually stood in front of the room to coach them or one of our coaches has coached them. So we don't really consider helping them if they read a book or they've listened to a podcast or anything. We think that's valuable for sure. But I always look at it in three categories, inspire, influence and impact. And so when I talk about the 2000, those are businesses that we've touched. We've tried to impact them. OK, inspire, influence, impact. I'm thinking about this because I frequently talk to with my listener and I say income and impact are like the big things that a lot of people start podcasts for. That means to me that they either want to make an impact on other people, basically giving away, leaving their legacy, or they want to make money. So they want sponsors or they want to sell their own product or service. And for inspire, influence and impact, where do these because a couple of them start with eyes, just like my two eyes over here. Where do these come from? Like, who are you talking with about inspire, influence and impact? Is this for your podcast? Is this for your business? Is it for other people's businesses? What about that? Yeah. So what I'm coaching you, right? You're trying to help somebody reach their purpose. And so like if I'm coaching a team or coaching an individual that's a social media influencer or they're trying to use a podcast or things like that, obviously I'm trying to find out what their purpose is. Right. Like what is their 100 percent? What are they trying to do? And so different purposes will drive one of those three areas. If you're trying to inspire someone, right. The inspiration can happen in seconds, you know, influence. Somebody has to actually start to follow you to influence them. Right. But they have to actually consume and implement your content to impact them. Right. They have to take action. And so like, what are we trying to do? We're trying to drive to just inspire because we can do that in our sharper studios by bringing in and then putting together short form content that inspires people. Right. But influence now you have to start getting into a podcast. You have to start getting into long form content. You have to actually start gaining a following influence people impact. So I takes that influence and takes action on it. Right. And so those are the three areas that we're coaching and talking to our businesses that we're coaching with and trying to get them to see, like which category do you want to live in? And every person I come in contact wants to impact others. Some people just want to inspire. And the reason for that is you can inspire millions like you can inspire a large magnitude of people in a short period of time where impact takes time. When I think through them and in a way and not in all of the ways when you share with me that you're helping people inspire, influence and impact and they kind of focus on one or the other. In some ways, I think about a funnel. I'm kind of imagining a funnel and the inspire is kind of like at the very, very top of the funnel. And that's the easiest thing to do to reach the most amount of people. And then influence is like after they kind of subscribe to your podcast or something like this. And then impact is when they actually hire your company and then you can make a stronger impact on them. Do you ever think of it like a funnel that way or am I OK? That's exactly your thing, an exact same way that I would hope you would hear. So like inspire and then depending on my customer, if I'm coaching like if they're wanting to just inspire, then we build their funnel to just inspire. Right. Like it's just to that point, then influence. It's like, OK, now we want to push them to longer form content like on YouTube and things like that because we want it or a podcast. Right. Like we want them there. And a lot of times we'll get people to create a podcast. It's video form as well. So they can go on their YouTube and also go on, you know, a podcast station. And so that is what we're trying to push towards because we're trying to create influence. Right. We're trying to get more followers from that. It's like, OK, do you have a product that you're trying to drive them to? Are you trying to get them to where you can spend more time or giving them more education or they purchase online product or something that actually impacts them that they can take action with? And so those are the depending on where they want that funnel to stop is what we're coaching him towards. And we call that their 100 percent. OK, cool. And you mentioned and I would guess that a podcast or some type of thought leadership platform is part of that. Gary, you have a few books, at least two that are you're writing right now, I think, is that right? That's being published. And so books are seem like a piece of thought leadership where it's important.
A highlight from Ep388: Start With A Life Vision
"Nothing in this life can happen physically unless it happens in our minds first. Most hosts never achieve the results they hoped for. They're falling short on listenership and monetization, meaning their message isn't being heard and their show ends up costing them money. This podcast was created to help you grow your listenership and make money while you're at it. Get ready to take notes. Here's your host, Adam Adams. Hey Podcaster, it's your host, Adam A. Adams, and we're talking about your life vision. So before you press record, before you go and schedule that next meeting, before you decide to do the next thing that might be on your agenda or you might think you want to do, I want you to figure out how do you filter that through your life's true vision. And to filter something through your life's true vision, you first have to have a life vision and that life vision, just like our fingerprints, it's going to be unique for everybody. So I might share a little bit of my vision today. I might share a little bit of my fingerprint today. That doesn't mean you need to copy and imitate my fingerprint. You've got your own fingerprint. You've got your own life vision. You might not know it yet. You may not have studied your fingerprint so far, but I need you to look into the mirror look into the future and figure out what's important to you and what's not. And then we can figure out how to filter out all of the decisions through your purpose, through your vision, through what you care about. Here's a problem that always seems to happen when there is an entrepreneur or somebody like you and I who start a podcast. We go crazy and things get out of balance and that's actually okay for a while. For a short time, maybe max, depending on how out of balance it is, maybe it's okay for a couple of weeks, a couple of months, or maybe even a couple of years as long as everything fits with our vision and is filtered through our vision. Now I recently was interviewing Alex Pardo. Alex is actually a really good friend and he's been a friend for a long time and he's a client. He's been a client for years as well. Alex has a podcast that is about flipping houses and I interviewed him on the podcast and during the episode of interviewing on the podcast, he talked about how during his own podcast, there came a day that he told everybody, even though he identified as this wholesale guru, that means that he buys houses and sells them to somebody else really, really quickly, makes a good profit. He doesn't have to do all of the fix and flipping. He doesn't have to do all the work. He has a lot less of the risk and he's able to make a good pretty penny. Now Alex was passionate about real estate because real estate investing is a great vehicle for most of us. For most of us, we ought to have a business that is going to support our lifestyle and we ought to be putting that extra money to work. I was actually at my parents' house and my stepdad, who's the one who got me into real estate investing a long, long, long time ago, it looked like this. My stepdad told me from the time I was about eight years old that I needed to save 10%. I needed to pay myself first 10%. I needed to invest 10 % and I'm like, freak dad, you know, you pay me a buck an hour. If I save 10%, invest 10%, donate 10 % and whatever the fourth one is for 10%, I can't think of it right now, I'm going to have 60 cents. What can I buy? Even back then, it was barely a candy bar. And so I didn't believe in it. I didn't do it. I didn't follow what he told me, even though it was freaking wise advice. It wasn't until college that I got into real estate investing and it wasn't even my idea. He gave me a gift. I don't remember if it was a Christmas gift or a birthday gift, but that year in 2005, before graduating college, like in the middle of college, actually, I did six years to get a small degree. I'm not a doctor or anything like that, but I did six years to get a small degree because I kept changing my major. Anyway, the point is that he gifted me this cabin lot and I was stoked to finally own a piece of America. This was the beginning of my American dream. I never did it before. I never believed in it. And I recall as a college student, a struggling college student about to get married and all that stuff, I didn't have a whole bunch of money and his accountant turned around and said, wait a second, you can't just give him this property or else you're going to pay a whole bunch of taxes. He's got to pay for it. So I ended up paying a hundred bucks. It doesn't sound like a lot, but I was in college as a bartender, preparing for a wedding and I didn't have a whole bunch of money. I didn't have a lot of money. I put all of my money, went to books and food and rent. My dad gifted this to me. I was so stoked. And then I got the call, Oh, Adam, you're going to have to pay for it. How much dad? A hundred bucks. Now to you, this sounds miraculous. To me at the time I was like, how am I going to do that? You know, cause like you're not a good gift receiver if you don't follow through with all this stuff. How would that have looked on how ungrateful would that have looked if I didn't do it? And so I found a way to get the a hundred bucks together, paid my dad and I was talking to him recently. He forgot about it. He forgot that he made me pay for him, pay for the thing. Cause I think it was such a small amount. There's a reason there's a purpose for me sharing this. Anyway, I sold that property two years later and made more money than I would have made in the first year of graduating with my degree. My degree was music education. I wanted to be a band teacher. I wanted to teach kids my passion, which my passion at the time was absolutely music. I composed music. I was that young kid. You could almost say a prodigy, but I'm no Mozart. I'll tell you that much. But I was that young kid that took to this thing, although I wasn't really any smarter than anyone else, I kind of put my nose down and this became my favorite thing. And then I sell this piece of property and I'm thinking my freaking stepdad is Ben Wright this whole time. Ever since I was eight years old and I was working for him for a dollar an hour, all of that stuff that he told me was true. I read this book, Rich Dad Poor Dad, and Robert Kiyosaki says in that book, you need to have a business and you need to put your money aside. And I said, hey, you know, I might not have believed my dad when he told me this, but now that Robert Kiyosaki, some author, is telling me the exact same thing. Now it's true. You know, now I can believe it. So I started following my dad's advice in college. I start my business. I'm netting $20 ,000 a month as a kid in college. And it was amazing. And I start investing. I buy an apartment. I buy a small triplex, a three unit multifamily, my first multifamily asset. And I start working on this. And then it goes through some trouble during the downturn of 2008, 9, 10, and 11. And I'm afraid of it. And then my dad comes. I'm living in Denver at this time, and he drives out to Denver and we go to a real estate conference together. And dad tells me to come, he'll pay for the whole thing. So he pays for my ticket. And then I'm seeing that real estate really is amazing. So I'm stoked and I get involved and I start doing some really cool transactions. There was a guy that funded me, his name's Steve. He ended up funding everything and I did all the work. So I didn't have to come out with any of the money. And he didn't have to do any of the work, any of the hard part. So it was a win -win. And one thing leads to another. And I end up deciding in 2015 to be completely full time. My now business, because remember, part of what we're talking about is it's really helpful to have a business that pays you and then to invest the difference in something else like real estate investing. And I have this business, it's going great and I'm excited. But here's the problem. I stopped listening to my dad. I don't know why, but I do. So you remember the save 10%, invest 10%, donate 10%. And I think there's another 10 % that I just can't think of while I'm recording this episode. I'm not paying myself first. I'm not putting money aside for a rainy day anymore. I'm making so much money in my businesses, 2000, 15, 16, 17, 18, 19. I'm making so much money. And as new money, think about it as new money, new money, you never had it before. You never could afford all of these things. And now you've got the money and you want to get everything that you thought.
A highlight from George Coppen - Life Beyond The Curtain
"Welcome to Let's Be Frank, the men's mental health podcast. Join us as we break the stigma, embrace vulnerability, and prioritize mental health in men. Together, let's use your voice. Guys, welcome back to Let's Be Frank, the home of men's mental health. Today you're joining us as we are extremely excited to have the one and only George O 'Brien. George has been copping with us, a talented star in the acting scene, known for his remarkable performances, from Panther mimes to Het to hit Netflix films like The School for Good and Evil, and even joining Disney's Magical World with Willow on Disney+. George has left a lasting impression. Beyond his comedy talents, George has been an advocate for important issues relating to actors with dwarfism in the film industry. With his wit, he raises critical questions about casted practices, where roles traditionally meant for actors with dwarfism are given to others who have more opportunities, prompting him to address the quest for diversity and his impact on mental health in the acting world. Join us for this thought -provoking discussion, Behind the Curtains, with George Coppin, actor, comedian, and advocate for change. Today is going to be a very, very exciting episode, and we are absolutely stoked to have him with us. But like as always, we're going to jump on to Mr. Ryan Smith. Ryan, welcome mate. I know this is a good friend of yours, and you've been extremely excited to jump on tonight and record. Good friend. I'd say more of an acquaintance.
A highlight from Ep. 566 Deep Dive Into L2s with Industry Expert Jacobc.Eth
"All right, everybody. I hope you're having a fantastic morning, noon or night, wherever you guys are in the world. You're in the right place because we are joined with another awesome guest today on the Crypto 101 podcast. We have today joining Brendan and I. By the way, Brendan, hello. How are you doing today? Feeling great. Hey there, everyone. Feeling good. I'm stoked to introduce our guest because this is a Web3 expert, a gaming expert, all things crypto, all things blockchain. We've got JacobC .eth, the founder of Hyperplay joining us today. Jacob, how are you doing today? I'm doing great. Thank you so much for having me. Oh, man. We're excited to dive in because not every day we get to really speak to somebody who's diving into the niche that you are with Hyperplay. So we want to dive into that. Before we do, we want to get your background. And really, how did you come to be in the position that you are? Yeah, I guess like going way back, I was really attracted to early Bitcoin from a political activist worldview. It was an interest to me, but it wasn't ever something I was like seriously or like from a career perspective involved in. And I worked in Web2 tech. And when I read the Ethereum white paper and started seeing that, I got really kind of annoyingly obsessed. My coworkers would tell you. And so, you know, I went and some early grant funding DAOs. I got to join the MetaMask team. And I worked as operations there and worked on a lot of the growth and monetization strategies. And I had really seen that the biggest area of growth that MetaMask and de facto, the decentralized web we're seeing was coming from gaming use cases. But the wallet experience and the user interactions between a game and the player's wallet, there were challenges that needed to be solved. And so, I, you know, I am still advisor for MetaMask. And I still work really closely with the MetaMask team. But I started Hyperplay to solve both the wallet to game interaction problem for games and also the censorship problem. Because game developers were being forced to build very strange and bizarre user experiences in order to hack around App Store policies. And there needed to be a censorship resistant and developer loyal distribution platform that actually encouraged people to build in a way that makes sense for Web3 instead of making them terrified that their business is gonna be deplatformed. So, yeah. We launched Hyperplay in March. It's available today in early access. And we're super excited for all the games and projects that are building on top of it. Let me just start this off by saying one of the first conversations I had with Bryce was what do we think or what do I think about like Web3 and gaming because that is really my niche. And I'm super stoked to be able to just talk about this with you today because this is really kind of hitting home. So, you have this big experience. Brandon's a big gamer if you couldn't tell. Oh, I can. If only you could see the PC that is sitting right behind the camera. It would tell wonders as to where I stand in the scene. But no, no. Everything else aside, Jacob, you have this big extensive experience when it comes to Ethereum and Layer 2s and crypto as a whole. Why are you just now starting to get really excited about Web3? Like what has you excited to really kind of dig deeper and invest a little bit of extra time and resources into Web3 now? Well, I've definitely been involved in Web3 for a while. So, I'll just say I think that blockchains are about more than... I think a lot of people see this as the next thing or something and that they're going to get rich or something. For me, I think that this is a tech that was built to make people more free, to help people to build and structure human social interaction and human collaboration in a way that we want it to be structured. And I think that what's so exciting about Ethereum is its composability and its interoperability. And so, the composability allows us to structure our social interactions in the ways that we think make the most sense. And the interoperability, the early vision of the internet was a more interconnected world. And then we got a bunch of silos based on surveillance. And today, by building the internet around interoperable rails and giving the internet a financial and transactional layer, it allows us to build ethical business models that ultimately distribute more ownership and power to the people who participate in these systems rather than for Web2 corporate monopolies. Yeah. It kind of hearkens back to in your introduction, you talked a little bit about what really got you inclined to the space was kind of like that political idea of Bitcoin as this new free money that kind of drew you in. And it's almost like what Bitcoin did to money Ethereum is doing to corporations, if you will, or it's that same level of disruption. But it's like more than corporations. It's identity, it's everything. And it reminded me of your name. I wanted to ask, a lot of people are probably like, jacobc .eth. Does this guy have a last name? People might not understand what this is. So tell us what your identity, jacobc .eth is and what does that mean to you and how did it kind of come to be? Yeah. I think that Web3 identity and Web3 reputation is super important. I think there's some larger meta conversations about how we think about identity and reputation in Web3. And certainly, there's a number of people that want sort of what I would consider a pretty dystopian form of Web3 identity that's based on like hashing people's biometric data or something like that. I think that people should be free to have one or many identities and that we need reputation -based governance. The civil problem isn't universally solvable, but we can understand the long -standing reputation of an identity, what kinds of contributions it's made, and to allow people to hold their identity and use it in a way that has reputation. So my ENS name is an example of that. But I generally think that we'll see a lot more reputation -based governance models for the protocols that people are building. And that's going to play a super important and positive role in terms of how people think about identity. Yeah. And even like when I think like with DeFi, even identity is going to come to play a huge part because there's systems that are out there. Maple is one, True Finance. There's a couple of them that use like reputation -based lending. And you could kind of have like an on -chain sort of credit score that's tied back to your ENS or your address. And I just thought that was interesting if anybody at home wants to check out those platforms. It's really cool because like you said, it's a blockchain technology that's really inclusive. For people at home who are listening, they're like, well, why do we need an on -chain credit score? I could go to a bank and I got my credit score. But if you're listening to this, you're probably privileged. And you probably do have some level of like, you could go anywhere and swipe your card, but that's not the whole world. And the whole world sometimes, if they want to get a loan or if they want to get a mortgage or whatever, they need to have identity documents, they need to have credit scores and reputations, or else they're going to get fleeced by a loan shark at 25 % rate. And so this technology does blow open the doors to financial inclusion for sure. But yeah, I definitely want to zoom in on Hyperplay and the things that you're building there. I would love for you just to describe how like a listener at Hyperplay, we've got lots of crossover between crypto lovers and gamers. And so how can somebody kind of bust into the platform and what should they expect? Yeah, so Hyperplay is a Web3 native game launcher. So if people are familiar with Steam, that's a Web2 game launcher and distribution platform. Hyperplay does the same kinds of things that Steam does. It helps you discover Web3 games, download those games, and it is also an aggregator of multiple game stores. So we have our own store, the Hyperplay store. It's got about 50 plus or minus Web3 games that are a part of it. We also aggregate the entire Epic game store. So all of your games, Web2, Web3 games that are in the Epic game store, you can actually play inside of Hyperplay. You can build on -chain representations of your gaming reputation. There's a lot of really exciting things that you can do by aggregating all of the gaming world into the decentralized web and to have an interface for that. And then any game that you launch from within Hyperplay, Hyperplay has an overlay similar to the Steam overlay. So people who've played games in Steam know that you press tab and then you see a chat window. You can see if you have a notification or achievements, Steam is going to overlay those on top of the game that you're playing, your friends requests. So Hyperplay does the same kind of overlay, but we actually are persisting your Metamask wallet into the game. So you can actually approve transactions without ever leaving the context of the game. You can sign in using your wallet instead of a native game. And we support both native or browser -based games. And we'll also be supporting other stores in the future. So we really... Our goal is from an infrastructural perspective to allow the player to carry their wallet, all of the assets inside of that wallet across every game that they play, across every game store. And really to also provide a really developer loyal platform to the builders so that they're not living in fear of being censored or deplatformed for building a Web3 game. I love that you brought up Steam as an example, because it is probably the closest thing that we have to this quasi Web3 marketplace. And I say quasi, right? Because you can trade items between players, between games. If I have something from CSGO and someone else has something from Team Fortress 2, we can make a trade for that. But we still can't trade across marketplaces. Say someone has something in Fortnite, someone has something in Valorant, League of Legends, another one of these games that's made outside of Steam, then you can't trade with them. It's cool because you can. You can trade, you can buy, you can sell. The CSGO marketplace alone is a multi -billion dollar marketplace, which is just a wild thing to say. But do you think that we can get to a place where we can have these cross -platform trades and orders going through? Because that's what I see as the end game of Web3 and gaming, is that I can trade stuff from Riot's platform and items on Riot. I can make those trades with people who have items in CSGO on Steam and so on and so forth. All right, listeners, if your business earns millions or even tens of millions of dollars of revenue, please stop what you're doing and take a close listen. Because NetSuite by Oracle, it's just rolled out literally the best offer we've ever seen. NetSuite does a lot of cool things, but I want to run you through what it does primarily. Primarily, it gives you the visibility and the control that you need to make better decisions for your organization faster. And now for the first time in NetSuite's 22 freaking years as the number one cloud financial system, you can defer payments of a full NetSuite implementation for six months. Not bad. That's no payment and no interest for six months. And you can take advantage of this special financing offer today. NetSuite is also number one because they give your business everything that you need in real time and they give it to you all in one place. And this allows you to reduce manual processes, boost efficiency, build forecasts, and increase productivity across every department. That's exactly how you should be running your business better. Just imagine having that power, what that power is going to do for you of having all that information in one place. It's going to make your decision -making truly data -driven and unprecedented. And NetSuite with their unprecedented offer is going to make this all possible, guys. They've got 33 ,000 companies that have already upgraded to NetSuite who are gaining visibility and control over their financials, their inventory, their HR, their e -commerce, and everything that helps their business run. So listen up because if you've been sizing NetSuite up to make the switch, then you know that this deal is unprecedented. Guys, there's no interest and there's no payments, okay? You got to take advantage of this special financing offer at netsuite .com slash crypto. Again, that's netsuite .com slash crypto. To get the visibility and control you need to weather any storm. Again, that's NetSuite. That's spelled N -E -T -S -U -I -T -E .com slash crypto.
A highlight from The Engineering Challenge of Rapidly Reusable Rockets
"200 years ago, we were sailing around on wooden tall ships. That's how we got across oceans. And in those days, transportation was slow, expensive, and unreliable. And in many ways, those are exactly the three words that describe space transportation. You know, you'd never throw away a 737 after every single flight, right? That's pretty obvious. And so the same thing is true with rocketry. There's no reason you would want to throw away the vehicle if you didn't have to. Start asking yourself questions. What are the important problems that need to be solved? And how can I go and do this in a way that's a sustainable business? We're in like the 1930s and 40s for space. We have a lot of different ideas that are being tested. And in my opinion, mastering the first stage reuse and the second stage reuse are the two ingredients that are going to lead to mega consolidation and then also a healthy and thriving economy. Hi, everyone, and welcome back to the A16Z podcast. This is part two of our mini series on the booming satellite economy. In part one, we spoke with Astronis co -founder John Gedmark about the opportunity to build smaller satellites in geostationary orbit and who's actually buying that satellite capability. But ultimately, in order to build this computation shell around Earth full of thousands of satellites, rocket usability is an important unlock. So today we're joined by Andy Lapsa, co -founder of Stokespace, who after spending over a decade at Blue Origin is now on a mission to build fully and rapidly reusable rockets with the hopes of reusing both stages and also allowing daily reusability. Like Astronis, Stoke is growing quickly and also has customers in both the commercial and government sectors. And if you need any convincing of just how hard this engineering challenge is, well, the original launches of the Falcon 1 failed due to things as small as a corroded nut. And between launches, it might take as much as a year to get something back in the sky. So what are we looking at now in terms of testing cycles, given that we're on Falcon 9 and also new companies like Stoke are trying to get in on the action? So listen in as Andy gives us a glimpse into this truly outworldly engineering challenge of not just getting to space, but also doing so reliably over and over and over again. Alright, prepare for liftoff. As a reminder, the content here is for informational purposes only, should not be taken as legal, business, tax, or investment advice, or be used to evaluate any investment or security, and is not directed at any investors or potential investors, in any A16Z fund. Please note that A16Z and its affiliates may also maintain investments in the companies discussed in this podcast. For more details, including a link to our investments, please see a16z .com slash disclosures.
A highlight from 1406: Bitcoin Will Hit $4 Million, Rising 100x - Peter Thiel
"In today's show, we'll be discussing Bitcoin Bollinger Bands hitting a key zone as Bitcoin price fights for $27 ,000. In breaking news just in, Bitcoin hash rate hits a new all -time high. Let's go. And quoting Stacey Herbert, Bitcoin is pumping on the news of President Bukele's speech to the UN tonight. Can't wait. We'll also be discussing Bitcoin Adoption Fund launched by Japan's $500 billion Nomura Bank. That's right. The Bitcoin Adoption Fund will have long -only exposure to Bitcoin and be available to institutional investors. We'll also be sharing Sam Bankman, Fried's father, dragged his mother into an FTX US salary dispute. You can't make this stuff up, folks. Also in today's show, Bitcoin gearing up for a post -having parabola, according to crypto analysts. I'll be sharing his very bullish all -time high target. We'll also be discussing crypto asset market cap should explode 5 to 10x during the next bull cycle, according to investor Raoul Pal. I'll also be sharing Peter Thiel's $4 million Bitcoin price prediction, and we'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again, that's cryptonewsalerts .net. Welcome everyone just joining us. This is pod episode number 1406. I'm your host JV. And today is September 19th, 2023. We have lots to cover as usual. Massive shout out to everyone today in the live chat. Please let me know where you're tuning in from. And at the end of the show, I'm going to be reading everyone's comments out loud. Let's kick off today's show with our market watch as we do each and every day, the entire crypto market back in the green with Bitcoin back above $27 ,100 and checking out coinmarketcap .com, the current crypto market cap on the climb at $1 .08 trillion with roughly $27 billion in volume for the past 24 hours, Bitcoin dominance at 49 .2 % and the Ether dominance at 18 .4%. And checking out the top 100 crypto gainers of the past 24 hours, we have TonCoin leading the pack up 5%, trading at $2 .57, followed by GMX up about 5%, trading just under 36 bucks, followed by Conflux up 4%, trading at $0 .12. And checking out the top 100 crypto gainers of the past week, virtually 95 out of the top 100 cryptos are in the green. Some of the top gainers include GMX, GRT, as well as CRV and NEO. And checking out the crypto greed and fear index, we're currently rated at 46 in fear, same as 37 in fear. So there you have it. How many of you are pretty stoked for this most recent pump? And how many of you agree with Stacey Herbert that this pump is due to Bukele's speech scheduled for this evening? Let me know, fam. And now let's dive into today's Bitcoin technical analysis. Check out the charts and what's popping with the king crypto. Bitcoin could see fresh upside volatility as the price action and the strength revisits a key level according to a classic metric. In a new post, John Bollinger, creator of the Bollinger Bands volatility indicator, says Bitcoin was positioned for a breakout decision. That's right. After hitting new September highs the day prior, Bitcoin has been challenging resistance levels out of reach since mid -August, according to data from Cointelegraph and TradingView. Now for Bollinger, the signs for Bitcoin are encouraging. Bollinger Bands use a standard deviation around the simple moving average to determine both the likely price ranges and volatility. And as Michael Saylor once said, volatility equals life force. Now, currently Bitcoin is putting in daily candles that touch the upper band. And when this happens, it can signal an imminent reversal back to the center band, or conversely, an inbound fit of upside volatility. Now narrow Bollinger Bands seen on Bitcoin recently lend weight to hopes that the latter scenario will now play out, quitting him here. And then there is the first tag of the upper Bollinger Band. After the new set of controlling bars were established at the lower band, he commented alongside this chart, the question is now, can we walk up to the upper band or is it too early to answer? What are your thoughts, chat? Let me know in the comments below. Now Bollinger characterizes the current mood among seasoned Bitcoin traders and analysts on the short -term timeframes. Despite the strength seen this week, caution abounds as various trend lines previously acting as support remain above the spot price. Now discussing the situation, we had on -chain monitoring resource, material indicators share the following. We have heavy technical resistance overhead at the key moving averages and support at the lower low. It is quite possible that we round trip the range. And with any luck, we'll see a legit test of the RS levels that will give us some clarity on where Bitcoin goes from here before the end of the week. And they also shared here in update number two, as noted earlier, it appears the Bitcoin bulls are gaining some momentum, but things are not always as they seem and goes on to share that sometime after last night's candle and close open, we've seen a new trend precognition signal develop on the daily chart and it seems to be bullish. I mean, we are breaking out. We are above 27 ,000. So let's freaking go. And also more strong foundation on the technicals. You can see Bitcoin hits yet another all -time high, which virtually means the network has never been this strong and this secure. Now I'm pretty stoked to tune into President Bukele's speech to the UN this evening. What do you think he has to share besides? I told you so. Let me know, fam. And again, welcome to everyone just joining us for the live show. Lots to continue to cover. So let's continue breaking it down. Next, let's discuss this adoption fund, which is a pretty big deal coming out of Japan. Let's go check this out. Japan's largest investment bank, Numura's digital asset subsidiary, Laser Digital Asset Management, launched the Bitcoin adoption fund specifically for the institutional investors. Bring it. The official announcement noted the Bitcoin -based fund will be the first in a range of digital adoption investment solutions that the firm plans to introduce. Now Numura is a Japanese financial giant with over $500 billion worth of assets, which basically that's half a trillion, baby, offers brokerage services to leading institutional investors. The Bitcoin fund launched by its digital asset arm will now offer investors direct exposure to BTC. The Laser Digital Bitcoin Adoption Fund offers long key exposure to Bitcoin. The financial giant has chosen Kamanu as its regulated custody partner. The Bitcoin fund is a portion of Laser Digital Fund's segregated portfolio company that has been registered as a mutual fund in accordance with the Cayman Islands regulatory authority. Now, Laser Digital Asset Management head Sebastian said the Bitcoin is one of the enablers of this long -lasting transformational change and long -term exposure to Bitcoin offers a solution for the investors to capture this macro trend. Now, the Bitcoin adoption fund might be the first of its kind launched by Numura and the digital asset arm, but the Japanese investment banking giant has been investing in the digital asset ecosystem for quite some time already. In fact, September of last year, the firm launched its digital asset venture capital arm to stay at the forefront of digital innovation. And also won Dubai's virtual asset regulatory authority license to operate in the country. The long -only Bitcoin adoption fund for investors in Japan comes amid a growing discussion around Bitcoin -based investment products from regulated and mainstream financial giants. The United States SEC approved two Bitcoin ETFs, even though there is a delayed decision specifically on the spot. Bitcoin ETFs. What's up with that, Mr. Gensler? Just saying. And apart from the US, Canada and focused investment products over the past couple of years. So there you have it, mass adoption, let's freaking go, especially on the institutional level. How many of you are in Japan? I know we have some in our audience out there. Let me know. And have you ever heard of this company before? Any plans in investing through them? Let me know how you guys feel. And now let's break down the latest. It gets more surprising and shocking every day with what all is going on with Bankman -Fried and FTX. Now his parents are involved. His parents are being sued by FTX. And it's just a nightmare of a mess, to say the least. So let's break down this latest story regarding SBF. Now, Joseph Bankman, the father of the former FTX CEO, Sam Bankman -Fried, complained to his son about the salary he was receiving during his employment at FTX US, turning the issue into a family matter. In a September 18 filing with the US Bankruptcy Court for the District of Delaware, FTX debtors filed a complaint against Bankman and Barbara Fried, alleging that SBF's parents misappropriated millions of dollars through their involvement in the exchange's business. And according to the court documents, Bankman's contract with FTX US should have provided a $200 ,000 annual salary following a leave of absence from the Stanford Law School in December 2021. However, Bankman seemed to express ignorance about the terms of the contract, claiming to both FTX US and his son that he was expecting a $1 million annual salary. What about all that property in the Bahamas, fam? What about all that? Hundreds of millions worth of properties? Just wanted to throw that out there. The complaint states that Bankman was putting Barbara on this, suggesting that SBF's mother may have been able to persuade her son to follow through with the salary change. Things get even more interesting. So according to the complaint, Bankman's influence paid off, with SBF later providing his parents $10 million from Alameda Research. Can you talk about commingling? A 16 .4 million property in the Bahamas, funded by FTX Trading, the ability to expense roughly $90 ,000 to FTX Trading on the island nation in the Bahamas, and options to purchase company stock. Now, when reached out to the legal team representing Bankman and Fried, but did not receive a response at the time, unfortunately, the legal action brought by the debtors was the latest in the bankruptcy case involving FTX and many of its subsidiaries filed in November of last year. Bankman Fried also faces 12 criminal charges to be spread across two trials, starting in October of 2023, which is right around the corner, fam, and March of 2024, right before the halving, scheduled for April of next year. And since the federal judge revoked his bail in August, Bankman Fried has been largely confined to the Metropolitan Detention Center in Brooklyn. Where's Brooklyn at? Before the start of his October trial, then on September 19th, a three -judge panel heard an appeal from SPF's legal team requesting the former FTX CEO to be released from jail in order to prepare for the trial, citing the lack of internet access and first amendment issues. All I got to say is this, I mean, how many people realistically have access to the internet in jail? Why should he? Million dollar question right there. But what are your thoughts, fam? How do you think this is likely to play out? And do you think that Bankman Fried's parents are just as guilty as SPF himself with the commingling and the fraud of going up north of $30 billion, making it the biggest scam in history that we're aware of? Hence why we call him Mini Madoff, because he made off with billions of dollars worth of investors' money, and Gary Gensler and the SEC was protecting him behind closed doors. So it's going to be very interesting to see how all this is likely to play out. Now let's discuss post halving. We all know there is a halving scheduled roughly six months out. We all know post halving, the price action is most likely going to reach a new all -time high and enter price discovery mode. Well, this analyst shares a very intriguing target. So let's break this down, shall we? And welcome to y 'all just joining us. Say hello in that live chat. Let me know where you're tuning in from. I stream live here seven days a week from Puerto Rico. Synonymous analyst Rhett Capital tells his followers on X that Bitcoin can rally above $80 per ,000 coin in the months following next month's event. For the halving, send it. Let's go. The Bitcoin halving cuts the Bitcoin miners' rewards in half, as we all know, expected to take place in April of next year. And while Rhett Capital is a long -term bull on Bitcoin, he notes that it is possible for Bitcoin to continue its downtrend before the halving, putting him here. Hang in there and make the most of any deeper downside in this pre halving period. You won't see the post halving parabola in the outlines here in this chart. It shows you in the yellow, the pre halving period, then in the pink, the post halving resistance, and then in the green, you can see the post halving parabola when we hit those new all -time highs. Now, Rhett notes that Bitcoin may repeat its 2019 bear market cycle when it traded within a triangle pattern before breaking out and starting off the bull market, as he shares here, if Bitcoin continues to form lower highs, could Bitcoin fill the CME, which is the Chicago Mercantile Exchange gap, at $20 ,000 later this year or in early 2024? So it makes a good point. There is currently a gap sitting at that $20 ,000 psychological level. And he continues, if so, the possible path could be consolidation to the apex of the black triangle before finally breaking out to close the halving. And you can see that triangle right here in this chart. Now, looking at the chart, he seemed to suggest that Bitcoin will confirm the triangle breakout in April of 2024, followed by a rally towards his long -term target. Now, let me know your thoughts, chat. How many of you agree that Bitcoin is likely to break out to a new all -time high, entering price discovery mode in 2024, the year of the halving? Let me know. And what are some of your targets? I'd also like to point out that the Stock the Flow model and Plan B, creator of that model, he suggests a $100 to $1 million range price for the King Crypto post halving. We also have some very other bullish predictions, which I cover on a daily basis here on the channel. But I'd love to know your personal prediction. I think we reached the cycle peak personally sometime in 2025, but I think 2024, we enter that price discovery mode. But I'd love to know your thoughts and your opinions in the comments right down below. And now let's break down our next story of the day and discuss the latest from the macro guru, Raoul Pal, who is suggesting that the Bitcoin market cap and crypto market cap as a whole does something between 5 and 10x for this upcoming bull cycle. Now, you do the math. We have a crypto market cap right now. I'm going to ballpark it at a trillion. We have a Bitcoin market cap. I'm going to ballpark it at a half a trillion, which is 500 billion. So hypothetically, if we were to 10x Bitcoin in and of itself, we're talking about a 5 trillion dollar Bitcoin market cap, which would be half the current market cap of gold. Now, with the entire crypto market cap, we can potentially hit 10 trillion. Now, also note, back in November of 2021, when we hit that all time high of 69 ,000 in November of last year, the total crypto market cap was just north of that 3 trillion dollar market cap. So he's so let's break this down and shout out to Raoul Pal. Here we go. Former Goldman Sachs executive Raoul Pal says the next bull cycle can bring an explosion in the market cap of all of the digital assets. That's right. In a new interview with Altcoin Daily, the macro expert says he expects a huge increase in the adoption of digital assets, and that can cause the total market cap of crypto to skyrocket as much as 900 % from its current value during the next bull market. Quoting the analysts here, obviously, I think we'll go well through new all time highs. I think the whole ecosystem of crypto will go from 425 million users where we're at today. And I think at the end of this cycle, there'll be a billion users by that kind of use cases in which we have talked about. And let's not forget, we have got central bank digital currencies that are known as CBDCs and stable coins. There is a lot going on still. So if this entire space is going to grow 2 .5 X in the number of users, well, the market cap of the entire space is five or 10 X. Send it. Let's go. Pal also says he is closely watching development of layer two Altcoin projects for new use cases, which could boost the value of their individual market cap, quitting him again. And then let's see how people value layer twos in this. We don't really know how layer twos accrue much value. Do we have to have a massive amount of transactions in which case then you need stuff like Ticketmaster with millions and millions and millions of transactions to drive value to those chains because they batched them and batched them down to Ethereum. So there you have it. And to watch this interview, he did Raul Pal, the macro guru with Altcoin Daily entitled best cryptocurrency investing strategy into 2024. Check the show notes, blow the video in the description and let me know your thoughts on his personal prediction. Do you feel post having that the market cap for the entire crypto market can likely 10 X from the current valuation along with Bitcoin surging 10 X to roughly a five trillion market cap? And hypothetically, if the macro guru is correct, where do you think that would likely take the Bitcoin price? Well, let's run some hypothetical math. Bitcoin was the 10 X from the current price action of 27 ,000. Well, that's $270 ,000 per coin. Take that. And as we all know, Bitcoin rises like that, the entire crypto market cap would go along for the ride, including the altcoin. So please let me know in the chat, fam, which altcoins, if any, are you most bullish on in the crypto market? And what are your thoughts surrounding Raul Pal being so bullish on Solana? A few months back, I read in an interview he shared that 80 % or more of his portfolio was specifically in an altcoin called Solana. So I'd love to know your thoughts. Obviously, he has a high risk tolerance as I look at that particular cryptocurrency to be very risky, especially with all that went in with the venture capitalists and SPF and FTX exchange pumping that particular all. So I'd love to know how you feel regarding all of that. And with that being shared, fam, now let's discuss Peter Thiel and his $4 million price prediction, as well as rumor has it, and I'll be covering this as well, that he dumps most of his Bitcoin position at the top of the market practically 30 days before the crash. So let's break this down because Peter Thiel was actually one of the keynote speakers at the Miami Conference for Bitcoin. And here's what he had to share as I transcribed his speech, and then we'll discuss him reportedly making $1 .8 billion cashing out on his eight -year bet around the time he was touting these all -time high predictions. So here we go. He says, the enemy's list is a list of people who I think are stopping Bitcoin. He says there is a lot of them. They tend to have nameless, faceless bureaucratic perspectives, which of course is one of the ways they hide. He goes on to share, we are going to try to expose them and realize that this is sort of what we have to fight for Bitcoin to go up, 10x or 100x from here. Now, just FYI, to give you some perspective, at the time he made this prediction on stage at the Bitcoin Miami Conference, Bitcoin was trading at roughly $43 ,000 per coin. So you run the math. 43 ,000 times 100x is over $4 million per Bitcoin. So you know that? Let's continue with what he had to share. The central banks are going bankrupt. We are at the end of the fiat money regime. How many of you agree with that statement? I agree there 100%. The first person on the list is Berkshire Hathaway CEO, Warren Buffett. Thiel put up a picture of Buffett with two of his most famous quotes about Bitcoin. One was rat poison and the other, I don't own any and I never will. I also like to point out now since then, Warren Buffett has much indirect exposure to Bitcoin through Bitcoin mining stock companies and etc. So go figure. If you can't beat them, join them, right? And he goes on. He opined, I think the direct in it. Yeah, and I say also Charlie Munger goes along with him. Now, feel further noted that Buffett has a bias and makes him long on fiat money system and money managers who follow the Berkshire Hathaway executives advice will pretend it's complicated to invest into Bitcoin. I think we call that FUD. Fear, uncertainty and doubt. Now expect nothing less from one of the wealthiest people in the fiat money matrix Ponzi scheme. You know what I mean? So just saying. The next person on the list of Bitcoin's enemies is the one and only JP Morgan Chase CEO, Jamie Dimon, or as Max Kaiser calls him, Jamie the tapeworm. They'll put diamonds picture up with the following quote. I don't call them crypto currencies. I call them crypto tokens because currencies have rules of law behind them, central banks and tax with authorities. Now you guys already know how I feel personally about JP Morgan Chase CEO, Jamie Dimon. So I won't go any deeper there. But anyways, we know he's an enemy of Bitcoin and always has been. The next picture he put up was of the BlackRock CEO, Larry Fink, with the following quote. I see huge opportunities in a digitized crypto blockchain related currency, and that's where I think it is going to go. Now just FYI, Larry Fink is the CEO of the largest asset management firm in the entire world, which owns a large share in virtually all the companies in the S &P 500, and that is BlackRock. They currently have over $10 trillion in assets under management. And for a long time, he was spreading FUD regarding Bitcoin. But guess what? Like I mentioned earlier, if you can't beat them, join them because they just most recently, a few months ago, they submitted their application for a spot Bitcoin ETF, which ultimately means they're going to be introducing this to the institutions which have trillions upon trillions of dollars as there's currently north of $700 trillion in total addressable market, and they want their piece of the Bitcoin pie. So he goes on to share, the PayPal co -founder added that Fink's quote is somewhat representative of the whole genre of Bitcoin attacks that need further context, stating that pro -blockchain is an anti -Bitcoin term, very typically. Feel then brought up the environmental, social, and governance, ESG standards, elaborating the following, the label they have come up with, and perhaps the real enemy is ESG. I think that ESG is just a hate factory. Also like to throw out there, Elon Musk, he stopped taking Bitcoin payments for Tesla, and he says it's because of the FUD regarding this ESG, and we all know it's not more than FUD, and it's already been proven that Bitcoin is more than 50 % clean energy. So the million dollar question, when will the world's supposedly wealthiest man, Elon Musk, when will he start accepting Bitcoin payments again for Tesla? Isn't that a great question, and wouldn't you love to know the answer to that? Maybe you should ask Elon and tag him on X and see what he says. Anyways, feel stressed. You can always ask the question, what's the difference between ESG and the CCP, the Chinese Communist Party? Well, when you think ESG, you should be thinking of CCP per H. Now, he also goes on to share, it is the finance gentocracy that runs the country through whatever silly virtue signaling or hate factory to them, just like ESG, the billionaire concluded. This is what I would call and what you have to think of as a revolutionary youth movement, and we have to just go out from this conference and take over the world. So there you have it, fam. What are your thoughts surrounding Peter Thiel's prediction that we are likely to 100X, and along with his enemies list, as it seems, a lot of the enemies have come around and now have direct exposure to BTC, but it doesn't stop there because around that time he was making this $4 million Bitcoin price prediction. He allegedly dumped most of his position cashing out and with over a billion dollars in profits for his fund. So let's also break this down as this is also very relevant. How many of you were able to watch the speech he gave at that Bitcoin conference? It was epic, to say the least. I recall it now. So here we go. Check it out. Peter Thiel's venture capital firm reportedly made $1 .8 billion closing out its crypto positions around the time when he was an early Bitcoin bull, still predicting the token's price to surge by 100X. And again, from 43 ,000 price action, 100X means over 4 million. Founders Fund had cashed out almost all of its bets on digital assets by March of 2022, according to the Financial Times report that cited people familiar with the matter. But Thiel was still backing Bitcoin, obviously, when he spoke at the crypto conference in Miami the following month. He went on to share where at the end of the fiat money regime, he said, adding that the token's price could increase 100 fold from its level at the time, which was reported at $44 ,000 per coin. That prediction was proven false and as rising interest rates and failures, the high profile firms like Celsius Network, Three Arrows Capital, FTX, Terra Luna dragged the crypto sector into the prolonged bearish winter. Now Bitcoin plummeted by over 60 % in 2022 and was trading at under 17 ,000 by the end of the year. And I believe the bottom currently for the cycle is 15 ,700. How many of you feel that that bottom is in? Let me know, chat. Founders Fund first started pouring money into crypto all the way back in 2014, when Bitcoin was only trading at roughly $750 per coin. So by the time Bitcoin reached its all time high in November of 2021, it had surged 8 ,500 % from that particular level. Not too shabby for a seven year run, wouldn't you say? Now Thiel has a long track record as one of Silicon Valley's most prominent tech investors. He took early stakes in startups, which include Facebook, Elon Musk's SpaceX, and ride hailing app Lyft, and even co -founded PayPal back in 1998. Thiel is also a high profile supporter of the Republican Party and continued to voice his support for Donald Trump since the former president left office in January of 2021. The fund held around two thirds of his portfolio in Bitcoin at one time, but now not has significant exposure to crypto according to FT's sources. So there you have it. Fam, what are your thoughts surrounding his prediction and him cashing out at around that time he was making those all time high predictions of 100X? Let me know, fam. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
A highlight from The Evolution of the Satellite Economy
"Space is really not for the faint of heart, but this is sort of hard -squared. The moon will need its own GPS system. If you're on the lunar surface, you want to know where you are, same thing as on the Earth. You want to be able to just pull up, you know, Google Maps. Now we get back to your lunar base. So people used to talk about the other 3 billion that don't have access to the internet when the internet was first really taking off. Now it's the other 4 billion. The problem actually got worse. You know, we just figured, OK, there's got to be a way to do this better. It's like when you see that magnitude of opportunity and no one is doing it, you know, you just got to go and figure out why no one else is doing it. One thing we love to talk about here on the A16Z podcast is exponential trends. And one such trend that is approaching exponential is the price of shipping a kilogram to orbit. Significant declines in cost have resulted in an absolute renaissance of activity. In fact, 2022 was a record year for the space sector with 186 successful rocket launches. That was 41 more than 2021. So what are all these rockets bringing to orbit? And who is on the other side of that market? What entities, public or private, are buying the capabilities up there? And how might this increasingly diverse computing shell around the Earth evolve? If you know anything about exponential trends, then the idea of mining asteroids or manufacturing drugs in space actually no longer sounds crazy. And that is why we bring you this mini -series on the satellite economy, together with the founders of two companies trying to participate, Astronis and Stoke Space. Here in Part 1, John Gedmark from Astronis joins us after a few decades in the industry, from forming the Commercial Space Flight Federation in 2006 to Astronis' very own launch in May. And as John now builds his own satellites, he reflects on the transition from the government shuttle era, where satellites were literally the size of school buses and lasted for decades, to something much different. Here, we discuss why Astronis is tackling GEO instead of LEO, what government and non -government buyers are looking for, and how competition and costs are shaping up. Astronis, by the way, is trying to bring connectivity to the mind -boggling 4 billion people that still do not have internet access. And they're doing that by partnering with customers, ranging from Alaska's Pacific Data Port to a Peruvian telecommunications provider, and also an in -flight connectivity company. So, naturally, I had to ask why in -flight Wi -Fi is so bad, so make sure you tune in for that. But also, be sure to join us for Part 2, where we discuss the unique engineering challenge of reusable rockets. Alright, prepare for liftoff.
A highlight from Store of Value and Proof of Work with Ben Justman, Founder of "Peony Lane Wine" - September 18th, 2023
"Hello, and welcome to the Cafe Bitcoin Podcast brought to you by Swan Bitcoin, the best way to buy and learn about Bitcoin. I'm your host, Alex Danson, and we're excited to announce that we're bringing the Cafe Bitcoin Conversations Twitter Spaces to you on this show, the Cafe Bitcoin Podcast, Monday through Friday every week. Join us as we speak to guests like Michael Saylor, Len Alden, Corey Clifston, Greg Foss, Tomer Strohle, and many others in the Bitcoin space. Also, be sure to hit that subscribe button. Make sure you get notifications when we launch a new episode. You can join us live on Twitter Spaces Monday through Friday, starting at 7 a .m. Pacific and 10 a .m. Eastern every morning to become part of the conversation yourself. Thanks again. We look forward to bringing you the best Bitcoin content daily here on the Cafe Bitcoin Podcast. All right, all right. Good morning to all of you Cafe Bitcoiners. Happy Monday. It is time for another awesome week in Bitcoin. Man. It is so cool getting up on a Monday morning. You know, most people are like, oh, God, it's another Monday. They don't even want to get out of bed. They're dragging ass. They're like, oh, but Bitcoiners are like, let's go. All right. Good morning to all of you, Lisa. Good morning, Peter. Good morning, Mickey. Morning. Good morning. Don Bay Terrence. Good morning to all of you. Shout outs to my cobart in the audience. Joe Carla. Sorry. Hi, guys. Alex, the other Alex, there is another Alex. Alex talks tweets. She works at Swan. Shout out to you. You're welcome to come up. She does some amazing stuff. I'm not there's other people in the audience here who work for Swan. I'm not going to talk to you because you guys have some semi names. I don't know. Anyway, morning, Jacob as well. Welcome back from your golf excursion or the weekend. Tone vase morning there on you an invite. I just found out I'm on a panel with tone vase for Pacific Bitcoin. I'm moderating tone vase and Pierre Richard and Jimmy song. That's awesome. And I guess our mission is to talk about shit coins. So for whatever that's worth. All right. Welcome to Cafe Bitcoin episode four hundred and thirty six. Shout outs to our supporters on Fountain and Noster Nests. Our mission for this show is to provide the signal in a sea of noise, teach the other seven billion people on this planet why there's hope because of this bright orange feature we call Bitcoin. Today's show, we're going to be discussing BTC performance versus other assets. There's a tweet Saylor put out with a really interesting chart. We'll be talking about that. United States interest payments are at insane levels and the near perfect energy arbitrage of Bitcoin later today. We have Ben Justman from Penny Lane Wine coming on the show. Very excited. He's an example of the Bitcoin circular economy. So you've got people who are craftsmen making really fine high end things and they're selling them directly to big winners. And man, I love to see it because this is the future. Like we're moving away from this entire consumer rush, rush, rush, get on the hamster wheel, make money that is constantly devaluing and then spend it on shit that you're going to replace one month or one year from now because it's garbage. But that's the entire consumer economy system. It's insane. But Bitcoin is switching that. I think we're going to flip this thing completely on its head. How long will it take? I have no idea. But I think it's coming. Anybody have any opening comments you want to make before we start digging in here? Just that the coffee and the Bitcoin charts are hitting hard this morning. So let's go. Yeah, what's up with that? I saw there was something like, I don't remember the exact stat, but the open interest has is skyrocketing, I guess. We went from twenty six, what is this, five ish to twenty seven thousand two hundred and thirty ish per Bitcoin right as of right now this morning. Lisa Huff, what did you do? You know, I missed the days when Bitcoin was actually volatile, like I am excited to see that it moved and I was also excited to see that it moved down last week. But as for me personally, Alex, what you said is correct. Bitcoiners were ready to get up and do it. And in the last several months, I have, because of Bob Burnett's lovely wife, Lola, I heard a comment that she said she made about health and fitness. She said you have to approach it like it is your lifestyle. Yeah, kind of kind of changes things up. I'm raring to go at like five o 'clock in the morning. Start workout, just went to Pilates. That's my whole life story, guys. Now you know it. Nice. I like it. I think it's awesome. Like I've shifted also because now I'm on the East Coast. So the showtime starts differently for me now. And I have time first thing in the morning, get up and go do physical things. And man, it's it's been amazing. It's been awesome. You've got to exercise for life to keep your life long and healthy. It is a lifetime thing. And finding something that you enjoy doing while you exercise is critical to that. Personally, since I'm on the West Coast, I make my bed and it's a successful day before Cafe Bitcoin. And I am not qualified to discuss anything, just so everybody knows. It's all good. Shout out to Mike Germano in the audience, throwing you an invite if you would like to come up here and obligation to do so. Alex, good morning. Welcome. I think this is the first time you've been up here now. Hey, good morning, everybody. Yeah. Thanks for inviting me up. This is a lot of fun. I'm always listening while changing diapers in the morning and doing the whole mom thing before I clock in. So thanks for having me. Yeah. What are you excited about in Bitcoin and with Swan and with everything? What are you excited about? Wow. That's a loaded question. But I mean, short term, I am stoked on Pacific Bitcoin coming up. I sent out an email blast this weekend. Hopefully many of you guys received it. And I heard you mention your panel, Alex. And the description in the email of that panel is... So the title is Shitcoin Slayers, but that's pretty awesome. And basically, shitcoiners are shaking in their boots and stand no chance against Alex, Tone Vays, Jimmy, Pierre. There'll definitely be some fighting words and not some subtle jabs. It's going to be an awesome talk. Yeah, just a lot of good stuff in the pipeline for PB. Hope to see you guys there. Tone Vays, good morning. We're on a panel together. Good morning. Yeah, I saw that in the email that you were sending that over. Yeah, so that's great. Do you guys know which day that would be? That first day or second day? I have no idea. I just literally just found out myself because I got the email just like everybody else. It's funny, right? They're like, they don't even tell me. Yeah, no, it's good. I actually tweeted out just last night. Ethereum had a brand new weekly low 12 -month close against Bitcoin. And that is a very weak TA symbol for Ethereum. And it's already going down a little bit today as well. So I think, yeah, shitcoins are in a bit of trouble. But the weird thing is, though, have you guys seen what is going on over in Singapore right now with token 2049, which pretty much has become the biggest shitcoin conference in the world? It is crazy. That conference is so scary to me. It tells me that shitcoiners still have an unreasonable amount of money. And maybe the bear market's not over yet. I don't know if anyone's seen the party videos from there. No. What I wonder about is, in this next cycle, are they tapping Asia? Are you going to see a lot of shitcoin conferences over in Asia? And are they going to be gigantic? Oh, I was going to just say probably. But the scary thing is that that conference was massive. And they're renting out sweets with the best views of the... Let's get some context. Let's get some context. What do you mean by massive? What does this mean? What does massive mean to you? Numbers? Do you have an idea of a number of attendees kind of thing? I don't. I'm assuming 5 ,000 to 10 ,000 people. I wasn't going to watch that much. But it was like the after party, right? Like renting out the most expensive restaurant in Singapore. Getting front row seats or the best views of F1, a race that was happening the day after the event. If you just do the hashtag token2049 and just look at their after parties, I don't think anyone really cares. It seemed like a borderline Bitcoin 2022 or one of their older ones. It was insane. And based on how well the shitcoin community is doing, I'm like, man, this bear market may not be over yet. Well, Tone, they're long on other people's fiat, but that tells me they're short on their own tokens. That's why they're spending so hard. It's possible. Is Ethereum ever going to make new highs against Bitcoin? Nope. No, no way. And I said that on a show. I was on Ben Cohen's podcast and a lot of his audience is apparently shitcoiners. And I said that no shitcoin has ever made a new high versus Bitcoin in the following bull market of Bitcoin. Like it's never happened. Actually, I did find one exception. That exception was Doge. But that's because of Elon Musk. It's not because of anything Doge did. And BNB, right? No, BNB never really pumped in the 2017 market because it was just launching then. So BNB's high is the 2021 bull market, and that will never be surpassed. In the case of Ethereum, it's the 2017 bull market. In the case of Litecoin, it's the 2013 bull market. So if a token has been around for like a full year before the bull market, that is its ultimate high. Like it never breaches it. Ethereum will never break its 2017 high. No way.
A highlight from Chasing Dreams: The Inspiring Journey of Singer, Actor, and Entrepreneur Afina Madoian!
"I think the only thing that made me so excited about that is my passion to music. Y en ese hombre, hold another bottle, look a little closer, cigar and Moscato. An actor in improv coming from Chicago, alto, make way for Paul Vato. Yay! Bravo! Welcome, welcome, welcome everyone. Welcome to Paul Vato Presents. Today, my guest is Afina Medoyin. I hope I'm saying that correctly. Afina, welcome and thank you so much for taking some time to be with us today. Right here, live on Fireside. Absolutely, thank you so much Paul for inviting me. Oh, it is my absolute pleasure. I fell in love with your voice when I heard you and saw you on Instagram. So it was wonderful. I was so stoked when you were like, yes, of course, I'd like to come on your show. But you have such an interesting story, such an amazing background. Would you mind telling us a little bit about yourself? Where you're from, a little bit about your background? Because I find it fascinating and thank you for sharing. Absolutely, thank you so much for all the kind words also. Yeah, so I've been singing all my childhood, probably all my teenage years. And let's start from the fact that I'm from Republic of Moldova. It's a very tiny country between Ukraine and Romania. Not everybody knows about it, but I think now there's kind of like a sad reason why many people know about it right now, because it's right on the border with Ukraine. But yeah, so I was raised aboard and raised in Moldova. And I've been singing probably all my teenage years. And competed I all my life. I performed on X Factor Romania, traveled in Sweden, Ukraine, Russia, and all other countries to compete and to perform. And then when I graduated school, I decided that, you know, it's time for me to move to the United States. And yeah, so I graduated school. I moved here by myself. I moved right away to L .A. And because I was studying in a Jewish school, I obviously was performing a lot. And director the of the school and the head of the school. And we kind of were in the community that is called ORT, which is an organization, a Jewish organization that has universities all around the world. So they saw my video singing, I think, or and then they came to visit us to kind of, you know, with a tour to see what we were doing. And they invited me to sing at the gala dinner of their board of directors in Washington. And it was 14 years old, I think, back then. And it was such a huge dream come true because for a little girl to come to the United States and sing there, that was a big, big, big deal. So that's how I got Mom a tourist visa. And pretty much when I graduated school, I said, Mom, Dad, I love you. It's time for me to, you know, go. So, yeah, I moved to L .A. right away. And the first years, unfortunately, I wasn't able to really do much when it comes to music because I had to kind of settle a little bit. So it took me a while. I worked at the company. I worked, I think, for four years. I've worked at least 14, 15 hours a day. Then I was trying also to open my own online business so I can finally, you know, have like an independent income. And then I could just quit everything, all the nine to fives and all that. I mean, my nine to fives were nine to nine or nine to two am. But anyway, yeah. And then at a certain point, I was like, okay, I've tried many things and I realized that nothing makes me happy as music. And that was another, you know, big deciding point in my life. And that decision was probably one of the most important and the most amazing decisions I've ever made. And then eventually, in four or five years, I quit everything. And I started doing music full time. And now I'm a full time singer trying to build myself, build my company and build my brand and write a lot of music and, you know, just go with the flow.
A highlight from Chat #84 - Layers, Payments, and Relays with Utxo
"I'm not like really trying to make money with no less, you know, I really just want Bitcoin to be money I want my merchants to accept it. I want businesses that I go to all my friends to accept it I I just want it to be money You to Welcome the show, dude It's really really good to have you and I feel like we should have done this Already like we've been talking long enough and shooting the shit about damn near everything We're building and working on and all the projects and everything that it it should have been obvious We should have done this like three months ago. Well, we finally did it's on the books. We are we made it man We got it on the calendar. I had a calendar invite Professional and everything God. Oh my god. Is that like an automatic email that sent out to you? I didn't even do it like is like magic so professional almost like there's a business over here. Okay? Well, dude welcome and I'm I'm really stoked to get into this So the first thing I want to do just for obviously the audience But actually a lot for me because I don't really know a lot about your background and have a lot of the things we talked About like stuff you've worked on but give me give me the give me the setup, you know Like give me the the prologue to where we are now for mr. UTXA All right. Well, thanks for having me. First of all, I When it comes to Bitcoin, it's probably similar to like everybody else in the world, you know, like I heard about it mad early Thought it was stupid You know and then I used it a little bit for online poker To like because there's a lot there's a lot of censorship and online poker like, you know visa Masticar like didn't allow it certain countries. Anyway, it was a big nightmare, but Bitcoin made it so easy what you was when was this? It's probably like 2013 2014 Timeframe or whatever. Oh, yeah So this is like what about online poker? I forgot that that was there was like that corner during during those days Yeah, man. Yeah, it was big and like every site basically had it But The thing so that was kind of like my second touch point I'm like now I'm actually using Bitcoin but I hated it because it's like, okay Yeah, I can withdraw from it But the next day I go to a new site and I lost 30 % of my money It's like why did I spend all this time grinding just so big Yeah, it was ridiculous man So I just I hated Bitcoin even more Okay, and now 2017 rolls around now now it's ripping and I feel stupid. I'm like man I had all this this Bitcoin and I got it from the online poker sites You know, like it was like in the in the tens of bitcoins, right? So now I feel so stupid. So I'm like now I just buy in like right at the top of 2017 Get fucking wrecked, right? Yeah, so that but that's when I was like Instead of like selling I just did the like Bitcoin or cope thing and I'm just like, oh no I'm just gonna like hold and I don't care that I just like it wasn't a lot of money that I put in You know at that time But just like how to make it hurt a lot less but yeah But like, you know, it gave me a chance for my orange pill to like digest or whatever and then And then 20 the slow release exactly. Yeah Yeah slow release and then you know 2020 rolls around and then like everything starts to come true like all those like cope stories that I've been like Listening to over the years. It's like wait a minute. This is not a cope story It you know, this is where we were going yeah, this shit is actually real so that's when I was like, alright I'm a Bitcoin or true and true, you know, like after kovat that that was it for me So that's like that's my Bitcoin story, man. Nice. Nice What were you what led you to the development stuff that you're working on? Like what were you doing before that? so My main business is actually like AI even though like my passion is all in Bitcoin and noster like freedom tech and stuff. Like what's been paying the bills for me is like doing AI So I built a bunch of like AI affiliate sites AI sass apps That I just like that. I just own but then I got kind of bored with that I was just like so passionate about Bitcoin and freedom type I've been doing that for like probably three years now, but the truth is it's like I'm not really It's not enough to pay the bills, right? So it's like thankfully the AI has been like doing well So it gives me a free time to like work on what I love with Bitcoin So that's really been it. I mean I started using BTC pay server. That was like my first way I just wanted it on my website to accept payments But it didn't have a lot of the features that I wanted. So I just I started building them for myself It was a selfish thing. Really. I just I wanted the functions to work on my site. So I started contributing and just, you know the path it just kept opening up and now lightning and Yeah, so that's that's kind of like the origin story of Getting into dev for me. Did you build with BTC pay server for a while or Like did I use it on my websites or did you actually did you actually build with the project I Can contribute to BTC pay I guess. Oh, yeah. I've been I've been a contributor at BTC pay server for like almost three years now So all the like WooCommerce press the shop all of those integrations a big part of what I do is like handle the SDK so that BTC pay server can communicate with like WordPress and press the drop and all that kind of thing So that's like the big thing that I handle Me and another guy named Andy. We basically like handle that package and like that's the backbone of how Probably like half the websites out there using BTC pay server Gotcha, and it was it was pretty limited when I started You know, I'm actually curious. Um, I would love to hear what your layman's explanations because I know where dev kits and stuff kind of fit into the stack so to speak but it's one of those things that like you kind of use or you're familiar with something but You know so often like what is really going on has just been obscured You just kind of like know where the Lego piece fits rather than know what the Lego piece is You know, I mean give me give me your explanation especially for the audience the the less technical people What's the nest? What's the SDK? Like what's Where does that fit in and why so an SDK makes it easy for a developer to use your application? So if we take BTC pay server, for example Instead of a developer having to like read all the documentation of like, how do I make the API column? What fields do I need or whatever if you use the SDK when you're in your like code editor everything just auto completes for you so I can just be like send coins and it's just like Sendcoins address number. Boom you like instead of you just write like one line of code and it just works It just so a software development kit in a nutshell is just trying to make it very easy for developers to like integrate with your systems so literally in the context of Using the Lego analogy. It's it's like having pre -built sections of Lego blocks so that when you're putting something together you can just grab the whole block of stuff and just stick it where it needs to go and you don't have to redesign the Send find, transaction you know Look up transaction like all the all the actual pieces like you would have to write actual code and pull the API and all this Information and it's just like well, why don't you just take this block that accomplishes this task and then just keep going You know like yep solve that problem simplify that for me. Yeah. Yep. That's exactly what it is. So after you Kind of resolving the BTC pay problems that you wanted to solve This led you to Nodeless, which is the project This is this is when I found out about you because I thought this was fascinating and I was immediately like I mean No, no hate to BTC pay. I've loved BTC pay. I've been using it for a really long time But I I don't like to spend time on stuff Like I don't I have I spend plenty of time on plenty of things and I have gotten to this place where I'm just like wait, so I can just Someone else can solve this for me and I can just kind of pay them a little bit of money that's that's the best news I have gotten all month because and I've gotten to where I've hired multiple people for Bitcoin audible and it's like a huge expense, you know, and There's there's a lot to it. But now I just can't go back I just can't go back and I would never go back to publishing and doing all that stuff myself Like I just realized how much time I lost. So this is why I was immediately like Oh Nodeless because Nodeless does all of that work for me and makes those things simple So why what was your motivation for? Starting Nodeless and this is still really young right like when was when was Nodeless officially launched I Officially launched it like right before Nosterica, so I guess I was like March of this year. Okay. Okay. Yeah, so still very and that launch was like a Law, it was like a Noster launch, you know, like yes half built it like half the things didn't work You know, it's pretty good now, but at the time, you know, yeah, we're only like recently kind of stable But really like so yeah, so I start working on BTC pay server. Okay now I'm like fully green -pilled I'm telling everyone I'm like, oh, you know You gotta be self -sovereign. You gotta accept your own payments. You gotta run a node You know, like I'm going around tell and then people are like, okay, you know show me how to do it All right, show them how to do it and then before you know it I have like Not many maybe like five or six people that I got to run BTC pay server and now what is my full -time job like? Technical support for all these people. Yeah And like it gets serious like sometimes when lightning screws up like it's scary And it's hard to recover if you didn't do your backups properly and like not everybody is like so perfect at running their Infrastructure like I love doing that shit. That's great But like most people actually don't like doing that and they're not very good at it or very responsible about it either, right? so I was just like originally, I was just like if I could just run the node for my friends it would solve everything because it's actually like BTC pay server the Software itself is like amazing and easy to use. It's like everything all the challenges came from the lightning node part of it So, yeah I was just like how could I possibly do this and then that's where it's like it kind of like evolved into node list so it was like That's basically what node list is right like it's young. It's my big node and you can connect to it to accept your payments But I wanted to do it like to really stay as close to BTC pay server as possible like not be Custodial not be KYC like not do all of that So that's like sort of how we we came about doing it It was just like I I want everyone to use BTC pay server I want them to be self -sovereign But I think it is too much to ask people to run lightning nodes Like that's just that's just the truth man. Like maybe it hurts to hear that but it's true I think it makes more sense in the context of because you think about it like a major part of the problem is the same problem the internet has had since the beginning is DNS and running a cloud accessible server Running a front -end because like, you know in the context of like a Phoenix wallet or whatever. I'm running my own node Right, like on my mobile wallet and on my phone I have my keys But I don't have a web face. Like I don't have a front end so that someone can Donate when my phone's often in my pocket or something, you know so it's it's funny how much of the problems and this is the same issue like a Fiat JAF posts this a lot and he's super critical. I mean I mad respect and I like the way that he's critical But but nonetheless he he shifts on lightning all the time And and he posts the chart of like the the noster The explosion in custodial lightning, right and And and what's funny is that Like all I can do when I kind of look at that the best example I have in my mind of like what's going on there and why 80 % or 90 % or whatever now is like quote -unquote custodial lightning is zaps on Noster is that all I can do is think about it in the context of like me I have like my frame of reference how I use it and I show up in that statistic looking like I'm overwhelmingly majority custodial and The reason is is because of the lightning address like that's the reason period it's to have the web front end so that somebody can zap me and But the thing is is my value my value is not stuck in custodial So like whereas most of the payments come through to my albie address Or before it was the Ellen tips Cali BTC Ellen tips spot Which they host and is custodial all of the value was I would just withdraw to my Phoenix or to breeze or to my BTC pay server to My my lightning node Once every two weeks, so I get like 500 zaps at 21 sets 100 sets 69 sets and you know over and over and over again an Overwhelming majority of my activity is custodial, but then I only ever have like 40 bucks in it And as soon as it's like a hundred thousand sets two hundred three hundred thousand sets I'm just like, okay withdraw one payment to my Phoenix and it's behind my keys and I think like that's a huge caveat.
A highlight from Ep369: Apply These Podcast Tactics To Amplify Your Business - Melanie Benson
"The design strategic of a conversation when it comes to podcasting is what creates this intimacy and this connection with your listeners and gets them to want to keep coming back. Most hosts never achieve the results they hoped for. They're falling short on listenership and monetization, meaning their message isn't being heard and their show ends up costing them money. This podcast was created to help you grow your listenership and make money while you're at it. Get ready to take notes. Here's your host, Adam Adams. Hey, podcast search your host, Adam Adams. And I'm stoked to have a great guest today. And the problem, there's only one problem. I think we could do a dozen episodes with her or at least nine, at least close to a dozen of just unique things. And we may or may not cover lots of stuff. So I want you to have a pen and paper ready if you're driving, maybe listen to it again, because honestly, there's so much that's going to come at you and it's going to come so fast that I believe that if you're taking notes, it will be a little bit better. So we've got Melanie Benson, who actually started one podcast, let it go, started another podcast, booming success, like massive success. The numbers on this podcast are incredible. Three hundred and fifty episodes as we're recording now. Well, over one hundred ratings and reviews, which, by the way, listen to this point, six percent of all podcasts in our world, there's five million podcasts, point six percent of them, not even a percent, not even one percent, not even one out of one hundred has one hundred ratings for reviews. And she's got like well above that. And she also recently started another another podcast with a co -host. And so some of the things that I want to discuss with Melanie Benson today is how she gets some of the length of the episodes, how she interviews. She says she likes to hone in on her inner Oprah. And I know she's a great interviewer because she's able to be concise with her episodes. I want to talk about how a podcast works with her business because her show does that. Want to talk a little bit about how she's growing her podcast, because that main podcast amplify your success. It has amplified success as a podcast itself. Talk about the two podcasts. Is it good? Is it bad? Talk about solo casting, co -hosting, how to title episodes and maybe some of the failures that she's seen so that you don't have to go through that. And what she does as a business owner, she supports entrepreneurs like you and me, how to stand out in a crowded market. Right now, we have so many influencers, so many people that are making noise and it makes it difficult for your perfect avatar, your perfect person that you want to work with you to choose you over the dozens and dozens of other people that they see all day, every day on social media and on podcasts just like yours. So how do you stand out? So we're going to get through a little bit of this and it's going to be fun. So grab a pen, grab a pencil, a paper and let's dive in. Melanie, first and foremost, I was looking at your two different podcasts and I was noticing something that was pretty much almost a stamp. You know how when you have a stamp like a rubber stamp every single time, something looks almost the same. Now, you could put that stamp in a different color and it'll look that color. But what I mean is almost every episodes in that 20 to 30 minute mark, my episodes are not like that. The might listener think that they need to do this length or that length but I want to discuss the length of an episode with you for a little bit and there's a lot of questions around it because sometimes it's easy to go over when you're having a good time or when you're asking extra questions. And so my first question about the length of an episode is like, do you have a timer or how is it that you're getting all these so consistently like a rubber stamp? Such a great question and thanks for having me, Adam. You have such an awesome podcast. I've been very much looking forward to our conversation today. So I've studied neuro -linguistic programming as part of my career track and one of the things about neuro -linguistic programming is there is a concept of being in time or through time. And I am the person who, it's through time, I can see where I am in time at any given moment and because I can see where I am in any given time, I'm really good at managing time. So that's the truth of it. And we were talking in the green room a bit about my background with podcasting. I've been podcasting since 2009, 2010, something like that. And before that, I did the OG type of podcasting before we invented it where I did interviews that would go out via CDs. And so I've been interviewing people for a very, very long time, close to 20 years. And one of the things I know is that the strategic design of a conversation when it comes to podcasting is what creates this intimacy and this connection with your listeners and gets them to want to keep coming back. It's what gets them to say, Hey, have you listened to this podcast? Or, Hey, do you know Melanie? Like, have you ever listened to Empire? So the strategic design of each episode comes down to how long does my audience tend to listen to podcasts? And there is science that says 20 minutes to 25 minutes is an ideal time slot. Now, just to be totally truthful and make sure everybody has the full picture. My solo episodes, because I do three types of episodes on my podcast, Amplify Your Success. My solos are about 20 minutes because like, nobody wants to hear you talk for a really, really long time, right? Well, maybe some people do like Joe Rogan maybe, but I feel like everyone wants to hear me talk a lot. Oh yeah, of course. Cause you have that sexy radio voice. So of course you would, right? All right. Awesome. So people just turn off after a little while? Well, they get distracted. So let's say I'm driving my kids to school and I listen to podcasts. I got a 15 minute drive or I'm on my walk. What is that arc of the time that they're going to listen? I'm at the gym at about the 20 to 25 minute mark. People start getting distracted. And the key is, do they pick back up where they left off? Or do they skip to something else? Like most of us have this shiny object syndrome always pulling us to the next thing. And so I found that that 20, 25 minute mark is sweet for my solos, but with my interviews, sometimes we're going 40 to 45. And it's just, can you create a compelling conversation that keeps the listener engaged? So when you schedule an interview, do you tell the guest that it's going to be 20 to 25 minutes? Do you tell the guest to be ready for an hour, but I'm going to try to keep it under 30 or like, is there a communication there prior to recording? What does that look like? I'm really big on pre -framing expectations. And I think the more we can tell people what to expect, the better the experience is going to be for everybody. So I tell people that we're planning for 45 to 50 minutes for our conversation, but that means we're going to be connecting a little bit. We're going to be testing your tech. And I try to keep the interview to air at around 30 to 35. And then I even do that when I'm in the green room with them and I'm like, okay, I just want to make sure you know, we're going to go this long. If we're on a roll and it's really like good stuff, we might go a little bit longer, but I try to help them understand how to navigate their answers so that they can think about how long am I going in the answer itself so that they're measuring their own information sharing. You're not saying in 54 seconds, how do you do this? Or in 31 seconds, how do you do that? No, but I might say we're running close and there's something I really want to ask them because I always save two fun questions for the end of my episodes. So my audience knows that the fun question comes towards the end and the people that love those types of answers, they're going to listen.
A highlight from #brunchtalk: Should you go on a 1st date if you're not 100% sold?
"This episode is brought to you by Drizzly. Tonight seems like a great night as any to wind down with some wine after a long day. But what if you're already in your comfy clothes, deep in the couch with your hand glued to your remote? Nobody in that position wants to get up and leave the house for a drink run. And with Drizzly, the go -to app for drinks delivery, you don't have to. You can choose from a huge selection of wines, be it a bottle or two of go -tos or a little something new. And you can even place your order with a phone in one hand and your remote still solidly in place in the other. Download the Drizzly app or go to drizzly .com. That's D -R -I -Z -L -Y dot com and have an epic at home wine night. Because all those shows aren't going to watch themselves. Must be 21 plus, not available in all locations. Hi, I'm everything modern dating and relationships. Welcome to the dateable podcast. Brunch talk. We're back. We're back. It feels like a while since we started to answer your burning dating questions. We know you have so many because we see the list of questions we have in queue and we are here to help like the superheroes that we are. They have been coming in strong the last couple of months. So we're really excited to get back into this. And then for anyone who's new, we dissected all any question you might have about your dating life. This is meant as a side dish to the rest of the podcast. You know, our longer form content that runs every Wednesday. So make sure to also check that out, too. And why is it called Brunch Talk? Because we release these episodes on Sundays where we're hoping you're listening to this as you're getting brunch with your friends, with your buddies, with your date or with yourself. Yes. We're here to do brunch with you every Sunday. You can't get rid of us. A long standing brunch buddies. So let's get to the question for this brunch talk. This comes from Bodie McBoatface. And the reason why I am giving this username a shout out is because we promise if you put your brunch talk question in the body of your Apple podcast review, we will push it to the front of the queue. We'll answer it as fast as we humanly can. So here is the question. Should you go on a first date with someone off an app if you're not 100 percent sold on them yet? Yes. And for more context, they also wrote, I would like to be more excited about it. But how can you be excited about someone you don't or barely know? It is hard. It is hard to be excited off of a 2D photo. We will go into that. But that is absolutely true. Bodie McBoatface, you are not alone. You know, it's funny, some people can get really excited about a profile that they see because they fantasize about what this person is. I've definitely been there before. And ninety nine point nine percent of the time you're going to be disappointed by the person you meet because they're not going to meet your fantasy image of who they are. So I rather be in the side of Bodie McBoatface, which is like, you know, low expectations, maybe not as excited. But when it comes to online dating, I feel like you're never going to be 100 percent sure about someone now just from their profiles and some message exchanges. You have to go off of a feeling, right? A feeling of do I want to spend some time with this person because I find them intriguing and I want to get to know them better. I think that's the best you can do. Absolutely. You know, we go into much more detail at last week's episode. So this is actually coming at perfect timing. But we talk about all the limitations of apps and how it's near impossible to decide if someone is a match based off their profile and any conversation that you have. But the best you can do is a maybe is a yes and just keep going with it and seeing what develops. One of the challenges with apps is that people say that they can't ever actually get to that in real life date. And that's the only place where the magic is going to happen. So if you're feeling like a maybe again, there's some attraction, maybe you're not blown away by their photo, but you could see something developing, then go on the date. You could be really pleasantly surprised. I know for me, for all the partners I met on the apps, like, of course, I was attracted enough to like have the conversations, but I would never say that I looked at their profile and was like, this is it. This is my person. That never happened. It was meeting in person, seeing the energy. I was way more attracted in person. And I've seen it go the other way, too, that you get really excited about the profile and you meet in person and it's a letdown. So just accepting apps for what they are, bring in that sense of curiosity. Yeah. If we're expecting excitement, we're setting ourselves up for disappointment. But we bring in the curiosity. We come in with the what can I learn about and from this person? Your chances of being happy about the outcome of that meeting are much higher because you are going to learn something new. I don't ever get that excited about meeting new friends. I'm not like, oh, my gosh, I think this could be my BFF and I'm going to be seeing them a lot. This new person that I just met. No, you're just come in with a sense of curiosity and maybe you're going to spend some fun times together. And also, I always make sure that the first meeting I'm doing something that I would otherwise enjoy anyway. Yeah. Maybe it is going for a meet up at my favorite park where I would do that anyway on my own. So now I get to meet someone new. It just feels more additive in that way. The expectations of data gaps is what's getting us in trouble. We think that it's like Amazon, that we're going to just be able to sift through, find the perfect partner. They get sent to us in 24 to 48 hours and the rest is history. And we're in a relationship where I'd love. It just doesn't work that way. These are people at the end of the day. These are not products. They are people. So we need to remember that and we need to change our expectations. I agree with you with the fact like we don't treat friends or professional contacts like this. It's just I'm going to meet someone new. And, you know, meeting someone in real life versus online, it's really interesting to me because I feel like they're actually the total opposites that in real life you have the chemistry. You can tell if you're attracted, but you don't know anything about them. The basics of what you would just say, like, is this someone that I could be with? Like that's not there in real life. You don't know any of that. But online, it's the exact opposite. You know their entire resume, you know all the criteria, maybe too much that you're making assumptions on height and things that don't ultimately matter because those are the variables that are there. But you don't know the attraction until you're in person. And how we start to use dating apps just replicate in real life meetings. That's kind of like, in my opinion, merging the best of both worlds that you know this is maybe someone viable you could date, but also bringing that magic of like that reveal in real life when it comes time for it. I know I feel like that's a million dollar question all apps are trying to solve is how do we merge reality and the virtual world? And it's very tough, but I know most people don't do this anymore, but taking your messaging to another platform like a phone call or a video call does help with some of that. I mean it does gauge some level of chemistry. I remember being so in love with this guy's profile once on the league. Like, oh my gosh this is my guy, you know everything he's saying he's so quirky and witty and his pedigree is exactly what I'm looking for. This is back when I didn't know what the fuck I was doing on dating apps. And when I got on the call with him there was absolutely zero chemistry and I'm so glad I didn't meet him in real life because it would have been such a letdown, but I'm glad I took that next step of just hearing someone's voice. Right, at least you wasted, you know, 10 minutes of your life or took 10 minutes supposed to getting dressed up, building up your hope and expectation. I 100 % agree. I think that was something that I did a lot was that extra vetting stage because, you know, one of it is that I had to in the pandemic when I was like back in the thick of dating again. But I really wish that could live on a bit more and I really don't think it's too much to ask someone to do a phone call before you meet. No, and if someone says no then that's a sign right there. Like if they can't jump on the phone with you for 10 minutes, that's saying a lot and I agree with you. I don't think there's a way that you can necessarily know that, you know, you're so compatible by phone either. It kind of goes back to the 2D photo on dating apps and profile. Like yeah, I think it's maybe a step up because you hear their voice and you can see how your conversation is meshing, but I wouldn't say it's a silver bullet either, but it does eliminate a lot of the people where there's just no connection and compatibility. So you can at least focus on the people that are the maybes so when you meet up you're at least set up for success in the sense that you know that you can already have a conversation with them. What do you think about not calling the first date a date? I know we've often talked about it as like a meet and greet and I think it's a little misleading for me to be like, yeah, I'm going on a date with someone I haven't met before that's not a date. You're not dating yet. You're just meeting up. Let's take a quick break to hear from our sponsor. This episode is made possible by True Earth. I'm about to blow your mind with how you do your laundry. Have you ever heard of laundry detergent strips? Yeah! True Earth's mission is to help reduce the billions of plastic household containers that can end up in our landfills and oceans every year. With our laundry detergent eco strips you can get rid of plastic jugs once and for all. It's so easy to use I just pop a strip in the washer add my laundry and that's it. True Earth products are paraben free, phosphate free, free of added dyes, free of chlorine bleach, hypoallergenic and it comes in cardboard packaging that you can recycle. Takes up so little space and you can even take it on the go because it's not a liquid. Laundry will never be the same ever again and they also make other household products. You can try True Earth today at true dot earth slash datable and use datable to get 12 % off. That's t -r -u dot earth slash datable and use the code d -a -t -e -a -b -l -e to get 12 % off today. To those who visit Mickey D's for their favorite breakfast item and then go somewhere else for coffee give this Mickey D's brew a second chance. The glow up was real. Try any size iced coffee brewed with 100 % arabica beans for just 99 cents until 11 a .m and pair it with a savory sausage McMuffin with egg for $2 .79. Prices and participation may vary, cannot be combined with any other offer. Are you done with the apps? Burnout with online dating? Well the apps are not out to get you but have you ever considered maybe you're not using the apps in a way that serves you best? We are stoked to bring back our 22 -day dating app reset challenge to get you ready for cuffing season next month. In this self -paced challenge you'll learn tactics that will help you break through the bs and find incredible partners through the apps. We are on a mission to make online dating work for you and that takes consistency and accountability. Every day for 22 days you'll be given facts, hacks, tips, prompts, and tasks to help you slay online dating. You'll be using the apps like you've never used them before. This dating reset also comes with a comprehensive dating profile review from us. We're about to enter the busiest dating season of the year so we want to see you thrive during this time. We're offering this for a limited time only from now until Sunday September 10th. For just $122 you'll receive this completely self -guided 22 -day challenge as well as a comprehensive dating profile review from us. 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"stokes" Discussed on Blue Collar Bitcoin Podcast
"Over the last three days, I've used it nonstop playing around with it. It's charged us 71 cents. I mean, this is like probably a good couple hours of running this thing constantly. And 71 cents. So if it was doing something effective for you, you created your own secretary for your business. The secretary answers text messages that are coming in. Possibly answers phone calls for you. Does scheduling does all the things the secretary could do and it might cost you 70 cents in a day. Just think about the deflationary impact that creates. And the job losses. Right. I forget who I said this on with recently, but I said something like, you know, it's easy when people have cried wolf over time and said, such and such is going to happen. And then it never comes to fruition. And they say, again, such and such is going to happen. And it never comes to fruition. Your condition to think they're all full of shit. It's never going to happen. As we've moved into the digital age, people have been barking for decades now that tons of jobs are going to be disintermediated and on that jobs are going to go down and it hasn't happened. Well, I theorize that that time has just gotten here because back to the folds. This thing is moving so exponentially quickly. And he basically said, if you're in any kind of work that involves symbol aggregation, which is a lot of fucking work. This thing's coming for you. And there's the more I use it, the more I'm awestruck by just the plethora of areas this is going to impact. One of the ones that's most top of mind for me, and I was asking my brother who works as a guidance counselor in a high school. It's like, how is educate education's gonna need to change on a freaking dime? Like the model of the model of, hey kids, go away for three weeks and write an essay, I think those days are numbered. Like you said, school systems move slowly, but I think testing is gonna change. I think standardized testing is gonna come back in full force. I think a lot of assays are gonna be done on air gap computers in a certain computer lab where you have to produce an output in two hours. Sounds scary, but in a way Josh, it could be a good way to decipher who's actually intelligent and who's kind of full of shit. Like, hey, you can't use all these tools. Let's see what you got right in front of you without two weeks of research time. But it feels like that's the way education is going to have to move. Don't you kind of know what I'm saying there? I totally know what you're saying, but it's kind of an exercise in futility. Don't you think? Because writing an essay, if you can write an es not, does that really matter anymore? I mean, yeah, you're right. And it's more like reasoning based problem solving based exams for sure. Because writing is no longer, you no longer need to know how to ride a horse and plow a field. So that's not in using a typewriter is a skill that nobody needs anymore. And I'm sure we had typewriter classes long after they were already well relegated to the past, but that's no longer an option. This is going to be so obvious to so many people. So I think so quickly. And I don't know. I think
"stokes" Discussed on Blue Collar Bitcoin Podcast
"And then I'll go with number two. All right, so here's my so I've clearly we're both pretty much on the same place as far as the stuff's concerned, but there is some hope in the fact that a lot of these language models are getting leaked onto the Internet. So I don't know if John had enough time to really flush this out during the discussion, but there's effectively three parts of the way this works. They train a ton of GPUs on a bunch of data, right? And then once they're trained, they curate that dataset, and then that model is set in stone. So what chat should be T four is doing right now. That's actually not that enormous. I think he even said like 200 gigabytes or something. Exactly. So lambda is Atlantic. That's Facebook's model. It got leaked onto the Internet. So it's all out there right now. So if you want and you have a GPU farm, or you have even a single GPU, it might take forever for the prompt to work, but you could download that model data. You could run your own. If you have a decent graphics GPU and your computer, you can run it yourself, and you can have it curated however you like. And this is what he was inferring when he talked about the decentralized model that could exist. But I'm at least optimistic in the fact that there's no way this stuff stays under wraps. It does, it will get out into the wild, and then people will be able to do what it is they want with it, which is introducing another danger, which I think this is the thing that you're going to get to next, which is so we have the danger of the centralized model, which is that they control and they curate everything we're allowed to see through this AI envelope, right? And then the other side of the other danger is that they don't do that.
"stokes" Discussed on Blue Collar Bitcoin Podcast
"You know, who knows what jobs are going to be available, by the time they get out. So now I'm just more like, hey, you know, figure out that thing that you love doing, and do it, and then use AI to help you do it. And hopefully by the time you need to make money, you will be able to do it using that vesicle set. Well said. Yeah, a lot of change. A lot of change happening. John, if you have anything you want to anything you want to point people to before you go. Well, obviously link your sub stack. Twitter handle, substack. Anything else? Yeah. Well, we're also covering a lot of this. It returned about life. I'm editor there. I returned about life and that's another project I'm evolving. So people should check that out. So we cover a lot of these AI issues, and we do a nice AI roundup weekly. And we're trying to ice. Cool. Appreciate you, John, who's an awesome conversation. Yeah, thank you very much. Thank you guys. All right, Josh. We just finished with John stokes. We decided to do a little impromptu debrief here just between the two of us. What are your thoughts here, start us off? I don't even know where to begin, man. Experimenting with this stuff for the last few days, you know this is going to be a massive, massive thing. I mean, if you're not living under a rock, and you have at least given GPT a few prompts to understand what it's capable of. And, you know, we were talking during the discussion about the marble inside the cup. So I went, I did this yesterday with GPT four. I said, I put three marbles in a cup. I walked upstairs from the first floor. I overturned the cup on a dresser. I think I told it. And then I picked up two of the marbles, and I placed them on the bed.
"stokes" Discussed on Blue Collar Bitcoin Podcast
"Is for reinforcement with human learning resource learning with human feedback is this is an oversimplification. This is an exactly how it works, but this is more or less how it works. Is you give the model a prompt and it puts out an output and then you ask your panel of humans. Thumbs up or thumbs down. On this output, this number that the model fal, I gave them on what prompt, if found a number, is this the number we like, or is it the number we don't like? The number that corresponds to a good thing or the number that corresponds to a bad thing. Some nonsense or gibberish or whatever. So you just do that a whole bunch actually really what you do is you just train a whole separate AI to think like some humans. You take your panel and humans and you train to set up an AI to be like to learn thumbs up or thumbs down on these inputs and then that model trains the other model by being like my panel of humans would give this a thumbs up or thumbs down so you can do a really fast, right? But we can say that the humans are trained in the AI by thumbs up and thumbs down with it. So that's our HF and so what ROH you've got these humans and these humans are being like, I really like this number. I really dislike this. I like this output. I dislike this output. So the thing the question is, who are those humans? Where did you find this? What are their values? Like what religion are they? How educated are they? Are they jerks? Are they nice people? Because you're going to be asking about a lot of stuff. Also, what are you trying to fix? If you were trying to fix that the model is racist, are in these people white or are they black?
"stokes" Discussed on Blue Collar Bitcoin Podcast
"That's a search function effectively. But this, in an interview you had recently, you mentioned that it can reason at least at a limited level. I think it was a marble inside of a cup. You told it, or somebody told it, you go upstairs, you put it upside down on a bed, and then you ask the model, where's the marble? And the newest one GPT four was able to reason that, while the marble is on the bed, because the cup was overturned, therefore the marble had to fall out onto the bed. It had to make those reasoning steps. How does that do you understand? Or can you give us a synopsis of how that is possible that it can make that kind of a reasoning or what seems to be reasoning? So I can tell you, I would be surprised if so, so we can all tell different stories. We're kind of in the realm of this is like a chaotic probable probabilistic stochastic thing. We can tell different stories about why it works the way that it does. And some of those stories are going to be high quality and you can publish them at a paper or on archive. And some of them will be like folk stories, okay? Similar with like how our brains work. So I can't actually, like, I have not read a paper that covers the mechanics of how this works. I have talked to many smart people about language models and about different points like in the past three years. So like for instance, when I talk to someone in 2021, who was like a very smart, large language model person, it was a clear to them there were open questions around how the model is understanding grammar and like how the relationship of parameter size to language and facts, like how that relates, so the same thing I can tell you with its ability to make sequences. So the model has found when it solves the cut problem that it solves the problem of somebody put a marble in a cup on a dresser and then you want to move it to the bed and you turn it over and it reasons that now the marble must have fallen out on the bed. What's happening is it is doing the same thing it does when you ask it for a limerick about the man from a rock or like whatever, you know, it is like generating a word sequence.
"stokes" Discussed on Blue Collar Bitcoin Podcast
"It's still to give credit to a little bit of credit to the doomers, it's still important to have some amount of humility no matter how much you know about how they work because we just don't know how the minds that they imitate work. But we know that they imitate the minds pretty well, and so, you know, I entertain that maybe there's something very much like is going on inside the model that goes on so I might head. So to speak to what's going on inside the model. When you, when you train a model, kind of, this is hard to explain without certain concepts like probability density function and whatnot. But when you, when you're training the model, if you can imagine that every every song, every picture, every sequence of words, that we could make up that could possibly be invented, could be represented by a number. So imagine that we can and this is actually true, right? So the words that I am telling you right now are turn it into numbers, and they're going into the screen onto a computer hard drive. They're turning into binary code. Correct? So you guys get this part, right? So we're talking over the screen. Riverside is taking us turning it into binary ones and zeros and store it. So it's turned into numbers. We could turn these into really large editors, like one, two, three, four, a bazillion quadrillion, whatever, right? So when we are done with this recording, this whole recording is a digital file. And that is one giant number. It's just a string of one zero. It's been highly interpreted as a giant number. So now let's imagine that all of the numbers, like if I make up a new, if I come up with a new number, if I discover a number that's if I count to a
"stokes" Discussed on Marketplace with Kai Ryssdal
"Went <Speech_Male> <Advertisement> this piece that we're talking about <Speech_Male> <Advertisement> Cambridge, thanks a bunch. I <Speech_Music_Male> <Advertisement> really appreciate it. <Speech_Music_Male> <Advertisement> Thanks, <SpeakerChange> Kai. <Speech_Music_Male> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Speech_Music_Male> <SpeakerChange> <Speech_Music_Male> This final note on <Speech_Male> the way out today saw it in <Speech_Male> The Wall Street Journal, but you <Speech_Male> can go on eBay <Speech_Male> and see for yourself. <Speech_Male> There is apparently <Speech_Male> a booming <Speech_Male> secondary market <Speech_Male> in Silicon <Speech_Male> Valley bank <Speech_Male> swag. <Speech_Male> You need an SVB <Speech_Male> branded blanket, <Speech_Male> can <Speech_Male> do 26 <Speech_Male> bucks and SVB <Speech_Male> cheese board <Speech_Male> to a $100. <Speech_Male> You got Brandon laptop <Speech_Male> bags, aprons, <Speech_Male> and cardboard <Speech_Male> boxes <SpeakerChange> too. <Silence> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Speech_Music_Male> <Advertisement> <SpeakerChange> <Speech_Music_Male> <Advertisement> All right, we are going <Speech_Music_Male> <Advertisement> here though as your moment of <Speech_Music_Male> <Advertisement> economic context. You know, <Speech_Music_Male> <Advertisement> sometimes you <Speech_Music_Male> want to know where the economy <Speech_Music_Male> <Advertisement> is going to go, <Speech_Music_Male> oil can <Speech_Music_Male> sometimes be <Speech_Music_Male> your guide. <Speech_Male> The U.S. benchmark <Speech_Male> West Texas <Speech_Male> intermediate <Speech_Male> down 4% <Speech_Male> today under <Speech_Male> $69 a barrel <Speech_Male> for the first time since <Speech_Male> late 2021. <Speech_Male> <Speech_Male> The trading <Speech_Male> bed here <Speech_Male> and please consult <Speech_Male> your own financial adviser <Speech_Male> is that <Speech_Male> slower economic activity <Speech_Male> will mean lower oil <Speech_Music_Male> demand thus <Speech_Music_Male> lower prices <Speech_Music_Male> are the results. <Speech_Music_Male> Or, <Speech_Music_Male> <SpeakerChange> you know, <Speech_Music_Male> <Advertisement> not. <Speech_Music_Male> <Advertisement> Watch it spike tomorrow. <Speech_Music_Male> <Advertisement> <Speech_Music_Male> Our media production team <Speech_Music_Male> includes Brian Allison, <Speech_Male> <Advertisement> Jake cherry, drew <Speech_Music_Male> jazz dad, Gary O'Keefe, <Speech_Music_Male> <Advertisement> Jeff Peters <Speech_Music_Male> <Advertisement> Charlton Thorpe, one Carlos <Speech_Music_Male> <Advertisement> Toronto and Becca <Speech_Music_Male> <Advertisement> wineman. <Speech_Music_Male> <Advertisement> I'm Kai Rizzo. <Speech_Music_Male> <Advertisement> We will <SpeakerChange> see you tomorrow, <Speech_Music_Male> <Advertisement> everybody. <Speech_Music_Male> <Advertisement> <Music> <Music> <Advertisement> <Speech_Music_Male> <Advertisement> <SpeakerChange> <Speech_Music_Male> <Advertisement> This is 8 p.m.. <Silence> <Speech_Male> Hi, I'm John <Speech_Male> Kim, the host of <Speech_Male> the angry therapist podcast. <Speech_Male> I'm a therapist <Speech_Male> <Advertisement> who went through my own <Speech_Male> <Advertisement> rebirth many years <Speech_Male> <Advertisement> ago and I've <Speech_Male> been documenting my journey <Speech_Male> <Advertisement> ever since. <Speech_Male> <Advertisement> I believe in casual <Speech_Male> <Advertisement> over clinical <Speech_Male> with you instead of <Speech_Male> at you, I <Speech_Male> come unrehearsed <Speech_Male> on purpose <Speech_Male> because self help <Speech_Male> doesn't have to be so complicated. <Speech_Male> Our <Speech_Male> podcast episodes are <Speech_Male> short and easy to <Speech_Male> jump into. <Speech_Male> I encourage you to check <Speech_Male> out the angry therapist <Speech_Male> podcast now <Speech_Male> whenever you listen to podcasts.
"stokes" Discussed on Marketplace with Kai Ryssdal
"I got my brackets done just in time. The men's NCAA basketball tournament tips off tomorrow, the women go on Friday, but a man all the bright lights and buzzer beaters, lingers the messy world of name image likeness for college athletics. Bruce schoenfeld. He's an author and contributor to The New York Times Magazine, wrote not too long ago about how those NIL deals are changing the economics of college athletics. Bruce, welcome to the program. Thanks, Kai. Good to be here. Let's get the lay of the land here on name image likeness. What is the current state of play? Flux. It's a complicated situation because the current lack of restrictions were sort of thrust onto colleges with no warning and the going on two years since then have basically been a real-time reaction to all of a sudden having your athletes be able to do in any extreme something they weren't able to do at all before. With no guardrails and no guidance. So who's in charge? I mean, is there anybody keeping an eye on this? I mean, you and I are keeping an eye on it, but it's just people like us. Unfortunately, the only entities that really could regulate this are the NCAA, which in its infinite wisdom chose not to, and Congress, which is Congress. Enough said there. So look, this is fundamentally an economic problem, right? Because while college sports are a multi-billion dollar business, there are only so many bazillion dollars and now the pies are having to be split. Talk about that a little bit. You know, there are many unintended consequences to this. I think everybody felt that it was a good idea, the problem there is that unlimited amount of money that's coming in is coming in from sponsors and boosters who were already using it in ways that were helping to sustain all the rest of college sports. And now that money is all going to the quarterbacks and the running backs and the point guards and the power forwards to the detriment of all the other sports that needed to survive. What happens then to the rest of any given schools, maybe non revenue sports, but also, you know, second tier ish kind of sports. I mean, is there are they not getting any money now? Well, you know, it remains to be seen what happens. The funding mechanism for those sports is through the athletic department. The athletic department gets its revenue from a handful of ways. Television contracts, ticket sales, and boosters. That money now, instead of coin for the swimming pool, the best thing I can do and do on behalf of my university is to go get that prep quarterback. Now, putting aside for a moment that one of the few restrictions on this is you're not supposed to be using it for recruiting. Everyone's doing that. And that is money that has to come from somewhere and that was doing other work. It kind of sounds not sustainable, Bruce. It isn't sustainable, and that's kind of one of the good things in that everybody in the ecosystem agrees that something has to change. The problem is there's not a lot of agreement on how it should change. So we go back to the beginning, what's the current state? It's just in flux. It keeps changing. Week after week based on new developments. So look, for all the flux and the murkiness and the pain, you know, sort of that's coming from this. Do you suppose this is a necessary step to get to the point where number one everybody recognizes that college sports, especially big time college sports, are actually oh look a business and B, we figure out how to make it function as a business. You know, a lot of athletic directors felt that the old system wasn't working. And they were headed for an economic problem even apart from their immunization of athletes that there needed to be changes. And maybe the answer long term is that not every school will have every sport that each school may have a couple of big time sports and not much else or it may play out in completely different ways. The problem is no one has any idea. Frequent contributor to The New York Times magazine
"stokes" Discussed on Marketplace with Kai Ryssdal
"This is marketplace. I'm ky rised all those regional banks we have been hearing O so much mount and also just banks to have something of a public relations problem on their hands. How to convince their customers that they are not going to be next. Marketplaces of NMR has more on this latest corporate communications challenge. On Monday morning, customers of Cambridge trust bank in Massachusetts found this video in their inboxes. I'm speaking to you today as a result of recent developments in the banking industry and with regards to CEO Dennis Sheen explains that his bank does business differently than the two that failed. Our balance sheet is conservatively managed and we have strong capital, strong asset quality and robust liquidity. Keeping things positive is the right approach, according to Mary's faith and expert on crisis communications. If you say, don't panic, everybody, of course, goes, and they panic. Spieth says that bank leaders are trying to project confidence right now. When I saw that one bank CEO invited anxious customers to call his personal cell, I gave the number a ring. What you're really saying is you read that letter and you go, oh my God, I can't believe this guy's had stupid, so I got to talk to him. Brad tidwell heads up Thera bank, headquartered in Texas. His number went out to about 70,000 customers, a hundred or so have reached out. He spent hours fielding those calls. I thought it was real important that we get our story out. Our bank is nothing like these other banks and oh by the way, if you have any doubt about it, call this phone number and I will talk to you. With lots of misinformation swirling around, including on social media, he says that time spent working the phones is worthwhile. I'm
"stokes" Discussed on Marketplace with Kai Ryssdal
"It's been back to back inflation data this week. We had the consumer price index yesterday up 6% year on year as you heard on this program. Today came the producer price index that's wholesale prices up 4.6% from this time last year. We had Sam fields on the CPI story for us yesterday, housing as a driver of inflation specifically. And there was a term in that story that we figured needed another pass. The Federal Reserve and it's never ending quest to get a more refined view of why prices are doing what they are doing has taken to looking at something that's come to be called super core inflation which strips out housing and all goods, actually, leaving just core services. Marketplace is Stephanie Hughes is on explainer duty today. In the past month, I hired a babysitter, got a haircut and bought baseball tickets. All those purchases are measured in super core inflation. Alan det Meister is an economist at UBS. Who also worked at the fed. It includes a lot of what people actually spend their money on, particularly if it's for work by another person. The fed watches this measure closely because the prices of baseball tickets and haircuts can be linked to the wages people are paid to cut hair or throw a baseball. Points out Princeton economics professor Marcus Bruno Meyer. We would like to know how the wage dynamics will look like going into the future because that will feed into inflation down the road. We're also points out the vast majority of the U.S. workforce is employed in providing services, including him as a teacher of economics and me as a reporter. And Oxford economics is Ryan sweet says, that means that, unlike goods, many of which are produced internationally. This is the part of inflation that the fed can control. And it can set monetary policy accordingly to try to cool the labor market. It's worth pointing out, though, super core inflation is not an official term used by the U.S. government. Some people measure it differently, and some economists flat out dislike it. Again, UBS economist and federal law Allen Deb Meister. I avoid it like the plague because I think it's a terrible term. Debt Meister says that wages don't always track with service prices, so how much we pay for baseball tickets or haircuts now doesn't necessarily give us a clear picture of where inflation overall is heading. I'm Stephanie Hughes from marketplace. Retail sales for February came out today, things cooled just a bit down nearly a half percent from January. And we are spending this week looking at some unsung economic indicators and what they can tell us about this economy. Today we go retail adjacent. Anything that you purchase typically comes to you in a box. That's Rachel kenyon. She's the senior vice president that the fiber box association with what some call the cardboard box index. What we measure is all shipments of corrugated so it can be boxes, it can be bins that can be bulk containers. The fiber box association releases quarterly data in billions of corrugated square feet, it peaked in 2021. However, comma. What you saw happen in 2022 is the second half of the year, really the fourth quarter was the weakest. Shipments were down about 8 and a half percent from the quarter before, and as it happens, retail sales cratered in that same period. We, here, we'll keep an eye out for next month's coordinated data to see if it matches up with today's retail sales
"stokes" Discussed on Marketplace with Kai Ryssdal
"If you remember the financial crisis, specifically the beginning ish part where the fed and JPMorgan stepped in over a weekend literally to save, depending on how you look at it bear Stearns. You might have noticed nothing similar happened with SVB this weekend. Why? To talk about that whole part of this thing, we've gotten Liz Hoffman on the phone. She's a business and finance editor at semaphore Liz good to have you back. Thanks for having me. So we've got the FDIC insurance over the weekend. We got the new lending facility in case of emergency over the weekend. We did not get a sale of SVB and I want to know why. What we reported was that the biggest banks, the ones that everyone loves to hate, but also the ones that are really the only people in a position to do something like this. We're not invited in until it was effectively too late to get a deal done by Monday, which is when the market was expected. So, you know, I think that is now being rectified. They are trying to sell this thing again, and I would expect bigger banks to sort of be more encouraged, participate in that process. Why were they not allowed in the door the first time? Look, you've heard too big to fail. People don't like them. And in particular, the chairman of the FDIC really doesn't like them and doesn't want them getting bigger. And he's talked about that a lot in the last couple of years. So it was a political calculus that this was the moment to sort of take a stand on this issue. Do you suppose there's a downside for Jamie Dimon at all to not want to be in to finishing this deal? I don't think there's a lot of appetite among the big guys to do this. First of all, Jamie has said publicly that he wouldn't do Washington mutual and bear Stearns again. And it wasn't worth it to him. And I think the lessons of 2008 are going to meet people pretty reluctant unless it's basically free. By which you mean the government would provide some sort of risk assurance, right? Yeah. I mean, there is a $15 billion hole in that company. And it's got to be filled by somebody. And I don't think there's a lot of appetite for big bank CEOs to have it be them. I want to touch on something else you wrote about in this piece where you laid out sort of what's going on with the acquisition. You are not sanguine about the fate of regional banks in this economy. And I want you to explain why. So what the fed did over the weekend that they didn't do is they didn't say we're going to end this run. They said, we will fund it. So these banks are now vehicles for us, the fed to put money in the pockets of very panic depositors. The problem is that the funding that they are offering is way more expensive than the funding that it's replacing. So you're going to end up with these banks that are smaller, much less profitable trading at steep discounts. And they're going to end up getting picked off. So you're going to end up having this fight about bank M and a one way or another and too big to fail. Yeah, so back to the bank M and a. Do you think the SVB deal gets done somehow? Well, so there's three pieces of Silicon Valley bank. They're the deposits, which are being insured. There are the loans. Some of which are very good. Some of which are probably a little dicey. And then there's the investment portfolio. And that is really problematic because that has a huge hole in it. So the FDIC may say, all right, we will hold on to that. We will run it down over time. It's mostly treasury bonds and Fannie and Freddie debt, mortgages that kind of thing. These are the long dated things that everybody's been talking about. The long dated things that got them into trouble. Exactly. And we will match the deposits with the loans and sell that to somebody. That's got to go to a bank. So, you know, the cleanest solution and the one that it regulators are now hoping for, though they shot themselves in the foot over the weekend, is for a medium sized bank to step up. Well, yeah, but I mean, SVB has everybody has heard a zillion times was the 16th biggest bank in this economy and you're going to tell me some medium bank is going to come in here and go, yeah, all right, we'll do this. Well, there's 9 banks. There are 7 that are 7 through 16, right? Before you get to the really big 5 or 6, you have PNC, my understanding is they ultimately were not interested. You have truest. You have U.S. bank. But you know a lot of these banks themselves are facing the same problem. Albeit not at the scale that Silicon Valley bank was. But these guys are in the business of taking deposits and buying things with them. So there's a lot of this stuff out there. And the second you have to be, you have to mark it at its true value, whether by having to sell it, or by selling the firm itself. There's some accounting math that puts that underwater really quickly. Liz Hoffman is the business of finance editor at semaphore, her book on the economic well, it actually was a crisis. The preceded this situation about the pandemic in corporate America.
"stokes" Discussed on Marketplace with Kai Ryssdal
"Thanks to the implosion of SVB and signature we all know a lot more about regional banks today than we did a week ago. These aren't the big Wall Street names like Bank of America or Citigroup and they're not the community banks with maybe just a couple of branches. They're basically the ones in between. And this week, the ratings agency moody's said it's reviewing half a dozen of them for possible downgrades that includes first Republican western alliance Bancorp. Those two and others have taken a market beating the past couple of days as well. Marketplace is Amy Scott explains what's going on. Unless you live in their region, it's likely you've never heard of some of these banks or hadn't before they were all over the news this week. With some regional bank shares face planting, how stable. The first republics of the world, the PAC west Bancorp of the world, some of the others. The republic, western alliance, metropolitan bank, among the biggest laggards, first Republican first republic and PAC west are based in California, western alliance in Arizona, Lakshmi Bala subramanyan is a Professor of finance at case western reserve university. She says regional is kind of a loose term. It's not incredibly well defined, right? When you talk about a region, is it a state or contiguous state? A certain district, Texas based comerica bank has branches in Arizona, California, Florida, and Michigan. First republic is scattered throughout 8 states, including Wyoming, New York, and Massachusetts. Especially as you go up in size, the geographic footprint of these banks can get pretty broad to the point where the large regionals, at that point, you're almost at a national scale. Morningstar analyst Eric Compton says there's one main reason regional bank stocks have been in turmoil this week. The government's never going to let like a JPMorgan fail. However, regional banks not viewed as systemically important, maybe the government does let them go under. And then there's an off chance that maybe you're deposits are at risk. In the case of Silicon Valley bank in California and signature bank in New York, the government did step in and ensure all deposits. But that doesn't always happen. There have been banks that have gone under, were depositors were not made whole. And so I think that's why regionals are getting penalized more right now. SVB and signature were unique banks with uniquely risky circumstances, but investors and bank customers are suddenly wary of any others with similar issues, like a high percentage of uninsured deposits, and large holdings of bonds that have lost value as interest rates have climbed. Mark Williams is a former bank examiner who teaches finance at Boston University. So the concern would be that as flight of deposits moved to the biggest banks, then the smaller banks are made vulnerable. Williams says regional banks play an important role in the economy, they may offer more flexibility and personalized service than larger banks and make loans to small and medium sized businesses that might otherwise be ignored. They represent important niches in the marketplace to restore faith in the system, the fed is also offering emergency loans to help banks cover withdrawals and considering tougher rules for midsize banks, Lakshmi Bala subramanyan says the situation has shown that when it comes to systemic risk, size isn't the only factor. We don't want the regulatory burden to be excessive and smaller institutions, but if it's complex or overexposed or if it's of a certain risk profile that makes it more susceptible to say bank rents, it becomes important for us to be cognizant of that. Yesterday, senator Elizabeth Warren and other Democrats introduced legislation to reverse Trump era deregulation of midsize banks, they say contributed to the recent failures. I'm
"stokes" Discussed on Bloomberg Radio New York
"Lizzie good morning and thank you France's election results are in confirming Emmanuel Macron as the first president in 20 years to win a second term He defeated far right leader marine le pen who earlier conceded defeat and has expressed concerns for the future So tonight I'm worried that the next 5 years and well I hope that they won't be the same as before and I hope that Emmanuel will back all trying to repair these nets in our country Meanwhile Macron won on a pro prison pro European Union platform in bolstering the block as it tries to deal with the war in Ukraine the Euro rose on those results Now Ukrainian officials say the U.S. secretaries of state and defense have met with president Vladimir zelensky in the capital Kyiv Bloomberg's Ed Baxter has all those details State secretary Antony Blinken defense secretary Lloyd Austin went in unannounced by the U.S. with the only information coming from Ukraine President zelensky has said they needed to come with promises of more heavy weapons to help in the defense of the Donbass region saying you can't come here empty handed The meeting taking place as Russians observed orthodox Easter In San Francisco I met Baxter Bloomberg daybreak Europe Now ECB president Christine Lagarde says that while both the U.S. and Europe are struggling to contain soaring inflation they are also facing a different beast She told CBS the Euro area's Central Bank will use the most appropriate tools for taming inflation legat said 50% of Europe's current record inflation stems from surging energy costs and China has ordered mandatory COVID tests in a district of Beijing and lockdown some areas of the capital as it races to prevent a repeat of the outbreak that's hobbled Shanghai for weeks Beijing is city of more than 20 million people has locked down dozens of residential compounds It's also ordered residents of an eastern district to be tested three times this week alone Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries and leann gerrans this is Bloomberg Caroline Thank you so much Leigh Anne Gary and Seth for today's top stories A couple of interesting news lines out of the UK There was still a lot of pressure over the weekend on Boris Johnson around party gate So I hope you'll tune in to our lunchtime program Bloomberg Westminster where we speak to a host of MPs every lunchtime Monday to Thursday Oliver dowden saying that getting rid of boys Johnson would be hugely damaging that over the weekend This also is house prices in Britain continued to absolutely saw So those are the sort of focus points for the UK but all of this pales into insignificance compared to the worries around the COVID lockdown in China spreading to Beijing and the Macron win in France which is a win but perhaps not as solid as some might hope against the kind of anti Europe Euro skeptic marine le pen of the far right Lizzie Yeah she's vowed that she's ready to fight on at the parliamentary elections in June so it Macron's going to need to focus his campaign now to secure a big enough majority to shore up his legacy and speaking of elections and other report from the UK over the weekend was that Boris Johnson might potentially call an earlier election to catch one of his rivals for leadership off guard so they're not bed in in time And we also had the opposition leader from labor Keir Starmer yesterday calling for an emergency budget to deal with the cost of living crisis which flipping back to France again was a major issue there given that le pen won such a significant share of the vote especially compared to historically Wilma boost his cost of living plank in response to her own promise to cut taxes Yeah absolutely Well financial markets sort of largely did expect a Macron victory but the political backdrop in France could be much more difficult for him given that cost of living crisis and the sizable vote share won by the far right candidate marine le pen This just as Europe is embarking on the biggest regime shifting years traders see borrowing costs turning positive by the end of the year Joining us now is Janet Muir who is head of market analysis at brewin dolphin Welcome to the program Janet thank you so much for being with us Just firstly on macro He gets a second term pro business pro Europe What are you most concerned though about from a business and markets perspective when it comes to France This isn't this isn't necessarily a ringing endorsement is it It was a vote against marine le pen if anything Yeah I think that much has already expected the results So I don't think markets have moved a lot this morning But I think there are still uncertainty with regards to the elections later on So given that actually the pen support has been increased for a Potentially majority and couldn't carry on his reform agenda So I think that's the risk we need to watch out for Well Janet now that the market's been spared the anxiety of a le pen victory What are the other biggest risks on your horizon Oh yeah definitely inflation is the biggest risk for investors because it is got high obviously And there is a high degree of uncertainty but how fast and how much it will slow down from the current level So that obviously affects the trajectory of bond yields and obviously the price of various risk assets And obviously we have the Chinese lockdown as well which polls are even higher risk for the supply chain problem But I think inflation is definitely definitely the highest risk Yeah okay Christine Lagarde also in the U.S. speaking yesterday saying that if I raise interest rates today in her words it is not going to bring the price of energy down So how does the ECB move forwards Does the Ukraine war mean that the ECB has to delay rate hikes until the end of this year There's July the September December I think that there is increasing consensus and most change that the ECB will have to raise interest rates given that inflation is now at 7.5% which is obviously very hot And I understand that Christina got set even though she raised the interest rate It can bring down the oil prices But I think it's about expectation is about the policy diversions between the various countries I don't think the fed and it BOE can move so much without the ECB not moving I think that will further push down the Euro if that's the case and that will further raise import prices on your area Well I think that the ECB would have to move at some point And I think markets currently are pricing in about three rate hikes bringing the deposit rate to zero So I wouldn't think that the war in Ukraine would delay that unless we say a catastrophic situation when the economy collapses because of for example Russian gas stops for Europe But we're not going to foresee those kinds of situations It's not in our base case so if that's the case I think the ECB would go on and in the coming months Of course pristine Christine Lagarde calling the U.S. and European inflation challenges different beasts In terms of the fed though despite some talk of a 75 basis point hike last week the idea does seem to have been pretty much dismissed now including by hawk Loretta mester Where are this week's U.S. inflation and GDP data likely to leave the U.S.'s looming rate hike then So I do think that 75 basis point is not likely there's no reason why the fed would like to scare the market It doesn't achieve anything I think currently the.
"stokes" Discussed on Bloomberg Radio New York
"Know this is such a New York traditions and we really missed it last year to be back for such a joyous thing is amazing I'm Brian schuck And I'm Doug Kushner Bloomberg world headquarters in New York Let's check this Howard's top business stories and the markets The tone and markets today very much risk off on concern over a new COVID variant It was first detected in South Africa It's now been found in Hong Kong and its stoking a lot of fear of a potential fourth wave of international infections The World Health Organization will hold a special meeting on Friday meantime the UK will temporarily ban flights from South Africa and 5 other African countries over worries about this variant Right now if you look at what's happening in the foreign exchange the yen much stronger now into one 1465 a bit of a flight to quality and the strength of the yen is weighing on Japanese equities the nikkei now weaker by nearly two and a half percent in Hong Kong the hang sang down more than 2% Chinese regulators have asked top executives at Dede global to devise a plan to delist from U.S. forces This is an unprecedented request and it's likely to revive fears about Beijing's intentions for China's tech industry We are told China's tech watchdog wants management to take the company off the New York Stock Exchange because of concerns about leakage of sensitive data Now we'll get trading of Dede's ADRs in the New York session Right now in Tokyo SoftBank shares down nearly 5% SoftBank is Dede's biggest investor We check markets every 15 minutes here on Bloomberg Right now on the Chinese main line we have the Shanghai composite down 6 tenths of 1% in sold the Cosby weaker by nearly 1.2% in Sydney the ASX 200 down by 1.4% WTI crude oil 76 40 with a lost greater than two and a half percent and a ten year treasury right now in the Tokyo session with a yield of 1.56% Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries This is Bloomberg.
"stokes" Discussed on WFAN Sports Radio_FM
"Night that ended up getting wrong, but You win some, You lose some. That's that's exactly right. So, as you mentioned Zach, the Jaguars do have James Robinson and remember last year, he said, a rookie NFL record for the most total yards to the 1st 14 games of a career. Also signed Frasier running back Carlos hi to a two year deal this offseason as well. And in the press coverage after the first round, head coach Urban Meyer says the play with the crowded running back rooms to have Robinson and hide be the 12 punch. With each hand being used primarily as a third down back. John says you're offsides job was made the most head scratching pick of the first round and taking Travis Et en all sides. I didn't think they needed to go with the running back. I didn't think they should go with the running back. But he is a good palate. Trevor Laurence, you could talk me into it. Who had paid in Turner. In the first round. Who had Eric Stokes that ended up going to Green Bay paid intern and went to the Saints. Eric Stokes went to Green Bay who had those two guys go in the first round. And how about this one? The Raiders. Once again, they took Cleland feral it for May ox first draft. Then, last year, they took Henry rugs as the first receiver off the board. They shouldn't have done that. Then they drafted Damon Arnett, who was projected to go in the second round. Alex Leatherwood was No Backdraft predicted to go at 17 overall. Most Haddon Second round, like where we are right now, the Steelers were on the clock with the 55th pick. It could be a good pick. It's a position of need, but to do so at 17. Yeah, that's a big head scratcher, but it kind of fits the script and what it's been for Mike Mayock in these dressed so I will not say That the Jackal has made the most head scratching pick of the first round and taking Travis Etienne offsides. Offside Number four Quatro as their legal Harris makes his way to the stage to go introduce the Steelers pick. Yes, wait. He just wiped his mouth with the terrible towel. I think. Uh, well, I guess his mask is the terrible towel is that with a two on one, so he was taking off the mask, which was the terrible tied, thought he was waving it in and just wiped his mouth ago. That's not what the terrible Talyn supposed to be used as that's a pretty all those. You're pretty cool Mass. The terrible towel masks. There you go. Yeah, Not bad. Right? Alright, bad what we got. So as you just mentioned before his act agreement Packers were the center of attention on draft day yesterday, as Adam Schefter reported the Aaron Rodgers told the organization he wants out then later on in the draft at pick 29. To be exact. The Packers drafted Georgia Corner, Eric Stokes. By passing on a receiver yet again now, just twice in 2000 and three of the Packers drafted disco position.
"stokes" Discussed on Think 100%: The Coolest Show
"They shift to a second tactic which delay and i think it was representative alexandria. Ocasio cortez. Who actually got my mind thinking about this a little bit. She started to talk about delay and climate delay. And what they do is they say. We don't have the technologies we need. We can't keep the grid reliable. it's too expensive. You know we have to sort of stick with the status quo and again of course those are allies because the status quo is way too expensive as it is. It's just that it's expensive for black people. Lat next people. An indigenous people imagine the cost of this intergenerational air quality you know intergenerational air pollution on communities of color. Those costs are massive not just in health bills but also in human development. There are real impacts. The study i mentioned earlier shows for example things like even crazy effect of like how much time parents spend reading with their children can be affected by air pollution because air pollution can really affect cognitive development for people These kinds of costs are real. They are just not paid attention to they are just not valued in our society so the costs of the current system are way too high. We have you know the tools we need. But that's not what these companies tell us and then you're right. The other thing they seem to be doing lately is spreading lies. Whether that's about the green new deal attacking representatives like alexandria..
"stokes" Discussed on Bloomberg Radio New York
"We have at the moment we got Agent Stokes looking set for a bit of a pause from the global rally. This is after American stocks broke a six day winning streak Investors perhaps scratching their heads as to whether commitments by the Fed and the by the administration to let the economy run hot. Well, actually spark off destabilizing inflation or inflation it all even as we've been hearing on this program, let the economy here be for the time being is what one view is, at least But in this part of the world, we got futures slipping in Japan while rising right here in Hong Kong. Take a look at that one market, which is open. It's Australia and we're seeing shares they're taking to the upside. Yes, except 200 the moment up by about 6/10 of 1%. But there are headwinds elevated valuations, giving investors a bit of a pause as they cheer these advancing vaccination efforts and stimulus prospects, and it also slow down in their current virus infections across the world. We've got Steven yield givers well, and that is perhaps making Treasuries more attractive to foreign investors. We've got that to a certain degree, perhaps tempering the Treasury sell off that we have been witnessing of late, quick word on that. Any data out there. We've got China inflation, also looking at Japan's producer prices on continued confidence numbers coming out of Australia. Well, that's something look of forward to let's have a look at what else is going on is we get over now to Denise Pellegrini for some of the global news? All right. Thank you. Rich well, the impeachment trial of former President Trump is underway on the Senate has voted that those proceedings are constitutional. But Democratic efforts to actually impeach Trump will likely fail without GOP support. World Health Organization official in Wuhan says it looks like coronavirus did not come from a Chinese lab, and the official says there's no need to investigate that theory. Further. U. S Navy carrier groups have conducted operations in the South China Sea. It's being seen as a sign that the Biden administration intends to be tough on China. Governor. Cuomo says the federal government plans to start increasing cove in 19 vaccine allocations by 5% in the coming weeks at a new survey says many Americans are hesitant to get the covered 19 vaccine. Global News 24 hours a day on their ad libber quick take powered by more than 2700, journalists and analysts and more than 120 countries. I'm to these Pellegrini in the Bloomberg News from this is Bloomberg Rich. All right. Thanks. So Denise, let's get back to the guest Gets with his half hour is Brian Jackman and CIA and Portfolio manager Dwight CG. Tell me something here, Brian, you look at what's happening. We see elevated valuations or are the elevated. Some would argue against seven? What for you as we do get perhaps the light of the end of the coronavirus tunnel. Is the biggest biggest obstacle for us to get out of the woods. What the question is. What do I see is the biggest obstacle to get us out of the woods. Economically speaking. Yeah. I mean, I think ultimately I almost I often think of it, like, run An island. And my worry is is that all this stimulus leads to everyone sitting around on the island and at some point You need to get people that we've got to be productive and we got a big old contributing to society. And, um, you know, ultimately to get there. You need to have no fear. And I think that fear has been subsiding were surrounding Corona virus. But one of the other obstacles is simply the government itself, you know, preventing businesses from working or preventing people from making the choices and decisions they'd make that would lead to economic activity. When you look at the earnings that we have seen for the last quarter guidance for the current quarter, and then the visibility that company's air trying to engender for the remainder of the year. What's the takeaway for you? Well, ultimately, my takeaway as I look back over the surging season. Is that I feel most comfortable being Lined with businesses that Have pricing power so that whether we have inflation deflation no matter what happens, Whatever economic scenario we face, the businesses are robust and in the face of that And so when I say enduring pricing power What I'm referring to is that they if you had a virtually identical competitors come along and undercut you on price. That you can continue to charge a premium and on still grow your volumes. That's extremely rare to be able To find that type of business, and there is usually present in there some sort of a global network of some kind. And so what we're trying always do is regardless, what's gonna happen the economy We just want to ask that the line These global champion businesses that have been during pricing power and can produce an avalanche of cash. No matter what comes our way. And that takes his nice Sergio stop convictions. And would those particular types of companies include the global debt issuance? Gatekeepers as it were amongst other things, and we're talking the likes of Moody's and S and P Global. Yeah, absolutely. Um, we really do like both the two largest rating agencies, both Moody's and S and people. Um, you know, I view them is basically like toll takers on nearly all global debt issuance. So, as you say they really are the gatekeepers for selling debt to the capital markets Because the reading systems they've essentially become globally recognized languages that are used around the world to communicate the riskiness of debt. So if you don't use them if you try to circumvent them and go around them Your cost of debt actually goes up. Because you're not using a known global language when you write your debt, the capital markets rebel against that the charge a higher cost. Nobody wants to learn this new language. And so it makes it an easy You know, this is one of those evergreen cash flows. As you know, As long as business is being conducted in the world, there will be that being issued to lower the cost of capital. And they have to go through these gatekeepers, and they just act as a toll taker because of that pricing power. It's essentially a global protocol network effect, and that allows them Tonto. You charge no matter what competitors come along. I think in terms of what's happening in China right now, policy makers of the PBOC are especially sensitive to the issue of A lot of dead and managing the liquidity story that markets need against more and more debt or an expansion of credit very quickly. Do you want to be exposed to Asia more than you want to be exposed to the US right now? Hmm. I don't really know the answer to that. But by having you know, in our portfolio on the White Sea Gee enhanced fund. It's basically a Chock full of global, um, just a collection of these global champions, with revenues coming from everywhere, So ah, lot of our exposure to China is through these businesses that have Pricing power because of social status. So brands like Nike Air Mez Louisville Thanh these companies can in order by definition in order.