0:00

It's a pop quiz. Let's see

0:02

how many you can get, right?

0:04

It took Visa twenty five years

0:06

to process one billion transactions. How

0:08

many years will take Bitcoin to

0:10

do the same thing? How

0:13

many countries own as much bitcoin

0:15

as micro strategy? And is it

0:17

true that Tesla has added a

0:19

well known meme coin to their

0:21

site as a payment method? Which

0:24

one would you guess that it

0:26

is? The answers to these questions

0:28

as well as the mysteries of

0:30

the universe. They're all revealed. They're

0:32

all here on Today's Bad News

0:35

episode number Seven Hundred and Twenty

0:37

Five. Of.

0:39

The Bad Crypto Podcast

0:41

yo buyer. Like

1:11

how if you're already out there, travel

1:14

by guidance of that they're like he

1:16

said it. definitely. that's the entropy of

1:18

I don't even know what shall we

1:20

were? That's not how you say of

1:23

the bag criminal Castro cover, how you

1:25

broke protocol, withdraw. I know why. you

1:27

know why. Because I'm sixty now and

1:29

I don't care if you get off

1:32

my lawn. Happy Birthday to you good

1:34

sir. Thank you. Are you know, really

1:36

interesting our air And when I slid

1:39

into fifty. I. Kind of ran

1:41

and fifty like. Hit. Like hit a

1:43

wall, gone into fifty and then I turned

1:45

fifty unlike others as find this is great.

1:47

Turns out was the most amazing decade of

1:49

my life so knowing that is gets sixty

1:51

I really slid into it like I'm I'm

1:54

like. Yeah. Just hit the base

1:56

and I'm like it on do. either is

1:58

like stole second install, third year. It and

2:00

home. And I know I stole home.

2:02

And I feel good. I feel great.

2:05

And are you looking great? Feeling good?

2:07

Your beer for your biological clocks? Probably

2:09

much younger than your actual physical eight,

2:11

so that's always good. They.

2:14

said my biological caught. Your.

2:16

Biological lox know that time. I don't think

2:18

I've ever made a comment about your cock

2:20

ever. nor well I had a good is

2:22

that is weird when right now had a

2:24

you do not as I thought you made

2:26

it awkward. The House a deal. Making.

2:29

Of this: don't get cocky with me. As

2:31

I welcome to the bad Crypto podcasts

2:34

buried by where I'm sixty and don't

2:36

give a flip, it he fly that

2:38

Glad that you guys are here and

2:40

how are you Trailers? Ah

2:43

I'm ah, how old am I? I

2:45

turn off at the one in ten

2:47

days. It's next birthday. It's

2:49

your be my first decade ever. F

2:55

o have plenty of his boots like a

2:57

bridges and of a bitch you know is

2:59

this your best deck aid? Does.

3:01

Does it has? he has area has

3:03

you mad or like there was you

3:06

know they did live aid the concert

3:08

for he gave a boyfriend decade for

3:10

erectile dysfunction you know to sign read

3:12

as have since been swimming is as

3:14

I got burrow tickets The decade. Care

3:18

why does the it guy he

3:20

also yes as I'll tell us

3:23

why don't we leave this conversation

3:25

behind doable transition thing and will

3:27

end up talking about grip don't

3:29

still decks Aca are. Smokers.

3:35

To propose and. As

3:38

much. As

3:41

oh my gosh, I just refresh

3:43

going Geico time Stamp if you're

3:45

still with us. Cinco De Six

3:47

though. A Twenty Twenty Four and

3:49

it is to forty eight Pm

3:51

Eastern time. The whole crypto market.

3:54

Cap: Two Point Four Six trillion

3:56

dollars bitcoin on the way back

3:58

up Korea Them back up. Sixty

4:00

Three Thousand and Three Thirty A

4:02

theory on the three Thousand and

4:04

Eighty Be and Be Five Nine

4:06

D Salon I won Fifty Two

4:08

X R P Fifty Four cents.

4:10

Doge coined fifteen and a half

4:12

sense and fun at Five Eighty

4:14

Seven. How how much is a

4:16

ton? It's Five Eighty Seven a

4:18

ton. Of scope of nice

4:20

and I do. I was I to

4:22

look at the thirty day versus the

4:24

seven day versus Goliath versus the last.

4:27

Whatever. And so it was nice to

4:29

see bitcoin kind of pop up a

4:31

little bit but still over the last

4:33

thirty days of down seven percent by

4:35

Tom it was nice it was getting

4:37

down to fifty some air and in

4:39

Bermuda little sign up. So there's a

4:42

lot of artists that are saying that

4:44

that the indicator that have historically on

4:46

every other. Chart like this

4:48

after having and what not and after we

4:50

pass an all time high. As you pass

4:53

the all time high the loop in Atlanta

4:55

dribbles down about twenty thirty percent that it

4:57

does is will pop up so according according

4:59

to the charts and looks like is probably

5:02

going up but then again. Do.

5:04

We really know. It is nice though to

5:07

see some green on the charts Are Lords

5:09

on Com We got this is are you

5:11

available zone right here Terms: Yeah Sounds of

5:13

Dribbles own Thorogood of right? So World Coins

5:16

up thirty two percent over last week. Dog

5:18

with hat which I still don't understand why

5:20

this is a dog with a have reviewed.

5:23

What would you need to understand All I

5:25

know I'm a little pissed off. Dude: wire

5:27

cats not getting any love The only dog

5:29

Mean Coins has not been any real good

5:32

at mean coins. Like what? what? Why is

5:34

that what be? Did this crypto people hate

5:36

cats. Oh no, let's let's

5:39

search for cat. As we

5:41

have cat coin we have pajamas cat and

5:43

of course there's a cat with had up

5:45

one hundred forty percent trials. the about how

5:47

much family is there? Any of them worth

5:50

a billion hours or more to dozes word

5:52

larger ridiculous amount I: it's only worth twenty

5:54

million right now. But. Yeah.

5:57

I know that the other animals deserve,

5:59

but. Engine is what you're saying. Islam.

6:02

Say and repeated type in cat and then

6:04

just try look and see all the crypto

6:06

like. They're. Just not. I mean to

6:08

fully deluded value for. Tat in

6:10

a dogs world is have three

6:12

hundred and seventy six million dollars

6:14

so that's interesting. But yeah would

6:17

Crypto is a dog dog land

6:19

and and on A why that

6:21

is. But the how of who

6:23

are we here to argue with

6:25

what is? Here's the of Fear

6:27

and Greed Index for the week.

6:29

Right now we're sitting it to

6:31

market sentiment: Seventy One Greed. And.

6:33

So people are starting to

6:36

get greedier. right? Here and

6:38

at that is usually a

6:40

by signal right of people

6:42

are greedy they're buying. They're.

6:45

Not selling off so it's It's an interesting

6:47

times as we're looking at if you look

6:49

at this like historically as far as that

6:51

thing goes back it's like it's like it

6:53

goes up degree than a hangs I agree

6:55

low but then it goes down rights as

6:57

that the with not really seen sustained. Greed.

7:01

Although before there was like were a

7:03

loss agreed fear and and x of

7:05

greed as a price was pop it

7:07

in November two thousand and twenty right

7:09

of pop up and then greaves of

7:11

on other people got little too greedy

7:13

and and a sontag itself like hopefully

7:15

we're it's it's gonna keep stay in

7:17

greedy I guess because I'd like to

7:19

see the bull run hit you know

7:21

six figures of of bitcoin says is

7:23

a weird one right because of how

7:25

everything got moved up because the bitcoin

7:27

eat yes and then so it's it's

7:29

a little like uncharted. Territory some in

7:31

our history does not repeat itself.

7:33

Often rhymes and I'm trying to

7:35

listen to the cadence of the

7:37

rhyme. And it's weird. It's

7:39

weird to see I've never seen

7:41

it's hit all time Breed didn't

7:43

go down in in hit greed

7:45

all time high again of their

7:48

extreme greed. So. Will. Say

7:50

Well, we know this. One of the

7:52

reasons that that we like Crypto is

7:54

transactions. You can do transactions. You can

7:56

do them inexpensively. I had to send

7:58

a wire trans. We're using traditional banking

8:01

this last weekend. They doing me for

8:03

twenty five bucks to send a wire

8:05

transfer seizure. Go to the Bank night

8:07

in Africa Bank. I can do it

8:09

online. So Lisa Lisa was that. I

8:11

didn't in an app but.one of the

8:14

questions was how long does it take

8:16

Bitcoin? How long will take Bitcoin to

8:18

hit one billion transactions? Well guess what?

8:20

We know the answer. Ten years faster

8:22

than Visa Visa did it. It took

8:25

them twenty five years to hit a

8:27

billion transactions. Bitcoin did it in fifteen

8:29

years. Add just as of

8:31

yesterday it happened. So I mean

8:33

there's other or chains that have

8:35

done more transactions like that. like

8:38

if you look at the tweets

8:40

somebody times and says yeah had

8:42

their as than fifty billion transactions

8:44

are at it but not widely

8:47

used like Bitcoin is. So congratulations

8:49

Bitcoin on making a new milestone.

8:51

Yeah. That is. I mean considering

8:54

that in a visa have a monopoly

8:56

up until the nineteen seventies and then

8:58

and now we're sit in a time

9:00

where be some ass a car, pay

9:02

power venmo cash, have. Whatever all

9:04

these Osha coins or it's of them,

9:06

so long to get to a billie

9:08

and bitcoin got to a belly faster

9:10

than all of them. So. Socket

9:13

Vesa. Are. Meanwhile, Bitcoin

9:15

rooms are taking up a lot of

9:17

these transactions and we still we need

9:19

to get the dude. we need to

9:21

discover more about runes. A lot of

9:24

the transactions are that are taking place

9:26

in the Bitcoin network or for runes

9:28

and you can see it right here.

9:30

For those of you that like the

9:32

charts like a this, the pink is

9:34

when runes came out and that's how

9:36

much. As in

9:38

transactions. Sixty. Almost sixty

9:41

four percent of transactions I

9:43

yesterday where for runes. That.

9:47

Is a lot in some of us have

9:50

a pop him off with this and our

9:52

it really as exciting as people start to

9:54

understand how powerful rooms can be because men

9:56

you put and it's like you put me

9:59

digital assets. Ah. On the Bitcoin

10:01

block chain and Bitcoin is a

10:03

commodity. Rights. In so looking

10:05

out of from the S E C

10:07

perspective that makes it interesting. and then

10:09

there's always of conversations around the Se

10:12

Si they can Etti Theory M, and

10:14

all the other ones are. Security South

10:16

put things on top of Bitcoin is

10:18

fascinating and that we're going to see

10:20

a lot of things being built. On

10:23

Bitcoin. Like right now I'm in this

10:25

because it's or Bitcoin start up lab.

10:28

Dot. Com and they've this is there

10:30

are six cohort that they've done and.

10:33

They. Had over thirty five hundred submissions

10:35

and it is things all soon.

10:37

All kinds of people wanting to

10:39

build on Bitcoin and they just

10:41

chose sixty people. So mighty was

10:43

one group. It's enters his car

10:45

while to think about how many

10:47

people wanting to build on Bitcoin

10:49

and as we're in this built

10:51

Bitcoin cycle rights are leading towards

10:53

the big conference in Nashville. A

10:55

Bitcoin conference in July. like it

10:57

sees me, I have a lot

10:59

of people to rebuilding on Bitcoin,

11:01

a lot of farms. And a lot

11:03

of money can be coming into projects being

11:06

built on bitcoin, so I would say keep

11:08

an eye on that. He was a module.

11:10

Think. About this job. All. These boomers out

11:13

there with all that cast has been sitting

11:15

there. They've been trading and they been thinking

11:17

about oh Crikey does a scam and now

11:19

beat Bitcoin A T Apps are popping off

11:21

right undergone. Wait a second. I need to

11:23

know. More. About the crypt us.

11:27

As I am glad you've been chosen, I choose

11:29

you. Try this of like you. Are

11:32

speaking of building upon decline?

11:34

Guess what? There is a

11:36

bitcoin best. Dollar. That's

11:38

going to launch with a twenty five

11:41

percent yielded U S D H Y

11:43

H. U. S. De. Uses.

11:46

As same for like us d hash

11:48

of per minute occur. That's the name

11:50

and the completes the launch of the

11:53

first ever Bitcoin back synthetic U S

11:55

De with yields entering capabilities. And so

11:57

this is Bitcoin d Fi. That's how

11:59

the thing you know when when Big

12:01

Queen was initially envisioned, it was just

12:04

peer to peer payments. But because it's

12:06

decentralized, are you going to stop anybody

12:08

from building anything on the chain? You're

12:10

not. Who

12:12

we are at. We talked about this several times like.

12:15

Why? Is it that you know these other

12:17

coins The you know what? Why Is there

12:19

a tethered as is connected to essentially theory

12:22

him and some and it is other smart

12:24

coins The Sakara a stable coins are doing.

12:26

The subways are not want. On.

12:28

Bitcoin and so it's really interesting to

12:30

see that that's what's gonna happen and

12:32

why. Would. It have such a

12:35

high yield. I. Wonder.

12:38

What? Kind of issues that could create

12:40

down the roads. are they going to keep

12:42

an eye on? This is the first time

12:44

I've actually heard of this a having be

12:46

in our and our news and so I'm

12:49

and it is More research on this sort

12:51

of yes So arms this is gonna love.

12:53

Bitcoin is to trade London, transact and a

12:55

dollar as that that's fully back by Bitcoin

12:57

and A D C O says that the

13:00

native yield fluctuates with the markets demand for

13:02

long leverage and they back tested from Twenty

13:04

Twenty one to Twenty Twenty Fourth showing an

13:06

average a P Y of eleven. Point Seven

13:08

One percent During the Bull Markets Twenty twenty

13:11

two. the and or term was twenty six

13:13

percent. So that's what they're basing this on.

13:16

And we shall. Seats are one of the other

13:18

questions I had and fluctuate are not just saying

13:20

it's going to be twenty five percent because how

13:23

can you know that you can back then fluctuating?

13:25

Makes a little bit more sense to me. Maybe

13:27

you know we look at haven't somebody from her

13:29

medica. On. The show in the

13:31

future so we're both sinners call out to

13:33

the universe I were or just call her

13:36

medica by be easier than but. Ah

13:39

to her medical medical I used

13:42

as ones whoever we interviewed there

13:44

to be named Herman. Herman

13:47

from her medical would would would make my

13:50

day like that's a that's a freebie. Your

13:52

name is Herman. If I'm her medical you're

13:54

on the show. I think it's probably more

13:56

of an odd a nod to Hermes. Him.

13:59

Or or. Ryota dismal justice

14:01

her mother. Are there

14:03

any Henriette as anymore? Probably not. At

14:05

one of the other questions I asked

14:08

earlier varsity be so embarrassed when I

14:10

am Henrietta on my medical and is

14:12

this is Mabel? Or

14:15

what? What? What? How Many countries?

14:18

Have more Bitcoin then or

14:20

how how many countries as

14:23

micro strategy have more bitcoin

14:25

then while gang the answer

14:27

is all of them. All.

14:30

Of them, Micro Strategy now owns

14:32

more bitcoin than any country in

14:34

the world with the Usa. Being

14:36

the country that holds the

14:38

most two hundred and Seven

14:40

thousand, One Hundred Eighty Nine

14:42

micro strategy on two hundred,

14:44

Fourteen thousand, Four hundred bitcoin,

14:46

that's mind blowing. We have

14:49

more bitcoin than any nation

14:51

in the world. Is

14:53

mind blowing but I would look at this and I

14:55

would say. Bullshit On this

14:58

list is not comprehensive because a

15:00

Black Rock's Bitcoin a T F

15:02

has more. Dramatic. Venturing.

15:05

Then another country is is this public

15:07

Companies and countries with the largest bitcoin

15:09

holdings, tendrils Not a company convey a

15:12

given my free. You're right. There's not

15:14

a country so clean farce, not a

15:16

country So amidst let's ask him. How

15:19

many? yes obviously I've but of interesting

15:21

to see that America one of the

15:23

started collecting bitcoin out against they say

15:25

well I mean that family. With.

15:27

Collected a lot from people. So

15:31

we have numbers going

15:33

back to. February.

15:36

Here at which point I

15:38

in February first. Black. Rock's

15:40

I shares held seventy thousand

15:42

bitcoins. Ah, But you

15:45

know, I don't know exactly what

15:47

they've increased or they're holding to.

15:50

As of today, don't have current

15:52

data. Are the most current

15:55

I have is February twenty eighth, One

15:57

hundred and ten thousand. Bitcoins.

16:01

Men can you imagine we finally break

16:03

the six figure mark or it. Is

16:06

in my mind, it's a foregone conclusion,

16:08

just a matter of times, because Mass.

16:12

To. That's how Bitcoin is designed. A meanwhile the dollars

16:14

going to be would become more or less and

16:16

less and. Big. Ones that knowing

16:18

to plummet in value unless some

16:20

crazy happens now. We.

16:22

Look at this next story that this

16:24

is. This is crazy because. When.

16:26

This happened as took over. This was

16:29

like almost trending on Twitter, but a

16:31

traitor Last sixty eight million dollars. In

16:34

Crypto. A To To

16:36

to an address Poisoning scams. You guys have

16:38

to pay attention to this one it when

16:40

it's of happening in some scenarios. Is

16:43

there's like a malware? some sort

16:45

of thing that attaches to your

16:47

browser and whenever you copy and

16:50

address. It well then create an

16:52

address art or try to match and address

16:54

close to the one that you have Me

16:56

Lot of people are just looking at the

16:58

first few digits having a oh yes zero

17:00

x one he that sets but that might

17:02

be similar to that was a what happens

17:04

is when every copy and address and you

17:06

pace and address it pays their address. And

17:09

so is the last. Sixty Eight

17:11

million. The I assume it's a

17:13

dude. Sixty Eight Million Dollars. They.

17:16

They lost some wrapped. Btc.

17:19

Ah, Which was for one. Why would

17:21

you have all this about bitcoin wrapped

17:23

on and a theory of address is

17:26

Sixty Eight Million Dollars. One thousand One

17:28

hundred and Fifty five wrapped Bitcoin. Last.

17:31

If you think you're having a

17:33

bad day or it's just consider,

17:36

Could you imagine like is gone?

17:38

He is? You can't. I can't

17:40

reverse it. Is gone and

17:42

I guarantee that they sold out.

17:44

You know as much that as

17:46

they could. Really? Quickly. And.

17:49

Some I would you seen that when I don't

17:51

test me what I mean I'm a site while

17:53

on it via ebay did a small testament says

17:55

a if it's us i don't know it's at

17:57

it if you if your if your computer games.

18:00

Infected with that, they're just auto changing.

18:02

You think that's why whenever your pace

18:04

and you gotta look exactly at that

18:06

address exactly years. And a little

18:08

the last few out and letters of

18:10

the address the opposite busy but that's

18:12

a problem. Travel of the problem was they

18:15

didn't look at the whole address the

18:17

duplicate the scam was at the first

18:19

few characters in the last few characters wore

18:21

the same and when you look at

18:23

many or scans sometimes not approved so

18:25

you the whole address unless you click into

18:27

it's you won't see the last ones.

18:29

You'll get us my dress I recognize

18:31

that so are you. I would imagine

18:33

that if you're a scammer you could create.

18:36

Is many addresses as you want and

18:39

when you find one that matches the

18:41

last few characters and a first you

18:43

care to match and existing address and

18:45

a wallet then they send them. A

18:48

small amount of crypto and a transaction

18:50

and it looks like the most recent

18:52

transaction was using that while it so

18:54

people just click the most recent one.

18:56

that's how they got scam so it's

18:59

not enough. Just like a different back.

19:01

You. You got to make sure that

19:03

the address his letter for letter. Specially.

19:06

If you're going to be sending sixty

19:08

million dollars and wrapped bitcoin bcc my

19:10

dollars my my bong whole was so

19:13

clans time like iga i have a

19:15

headache already ah and i'm look at

19:17

has gone on my got like these

19:19

that the amount of of of just.

19:22

A half crazy feelings until you get

19:25

validation has gone through some ads and

19:27

that crazy feeling he has send in

19:29

it and then that crazy feeling gets

19:31

worse and never goes away. I.

19:34

Should have a I write a song

19:36

called that Cringe A Feeling. I'm

19:38

all about how your bong whole packers

19:40

when you're sending large amount I are

19:42

going to do if they didn't want

19:44

to stay tuned to be ended his

19:46

episode because it'll be on they'll be

19:48

on their okay worked out the crypto

19:50

clinch the crypt appliances coming we're gonna

19:52

do a chance. Ah here's another story

19:54

for your ninety percent of stable coin

19:56

transactions. Guess what? They're not driven by

19:58

human beings. The their bots

20:01

as is what this new

20:03

study has found here. and

20:05

it's not actual people's sending

20:07

the money. So. What? What? Is

20:09

it? Was. Probably training

20:11

bots rights? And. Then if

20:14

you during any trading on platforms than

20:16

that, that's probably it. It's okay, it's

20:18

an exchange traded happening. how they determine

20:20

which ones are real was once or

20:22

not, but I think we're going to

20:25

see these. I think this number will

20:27

always remain pretty high. For.

20:29

The simple fact that companies are going

20:31

to be using a I and a

20:33

eyes going to communicate with other a

20:35

i am trade with micro transactions in

20:38

crypto. It seems that that would be

20:40

what would happen self. Overall. More.

20:42

Transactions will be. Through.

20:45

Bots. Through. But that are

20:47

that are led by people who are in

20:49

control. Them it would seem I don't know.

20:52

Doesn't seem that weird to me. Well.

20:54

Here's the German: the article trap

20:56

that the other research firm that

20:58

tracks this data analysts said Bernstein

21:00

said that the value of all

21:02

stable coins in circulation could reach

21:04

two point eight trillion by Twenty

21:06

Twenty Eight nearly eighteen times their

21:08

current combined circulation, two point eight

21:10

trillion is more than the current

21:12

total crypto market cap. So if

21:14

that really aren't as crazy, right?

21:16

If the If, if that's the

21:18

case them were looking be Twenty

21:20

Twenty Eight and a total crypto

21:22

market cap of like. Fifteen

21:24

trillion. Maybe. More. At.

21:27

Eighteen times it be taxi twenty trillion

21:29

or so man. that would be some

21:31

rapid growth. I just I have

21:33

is just my yeah my door.

21:35

Centavos on Yes, I find it

21:37

hard when you start thinking of

21:39

the multiples of what people are

21:41

expecting for new all time highs.

21:43

Waved Crypto goes above above a

21:45

boom like that. How to people

21:47

Not go? Oh my gosh, sell

21:49

like we just we just tripled

21:51

wheezes quadruple. How are we? How

21:53

does it finds those? The volatility

21:55

that's gonna happen when the stuff

21:58

explodes. I don't know that we're

22:00

ever going to see the downturns

22:02

of. If the. Most.

22:04

Sixty or seventy percent ever again.

22:06

I just I just can't see

22:08

it. I still expect the twenty

22:11

percent downturns. But. We're talking so

22:13

much money. How's it going to go

22:15

from? two hundred fifty thousand? Two.

22:17

Hundred. And you know, Hundred Thousand. That's.

22:20

As. I can. I get

22:22

this, We're talking too much money. Too big

22:24

of a pullback. Yeah. And

22:26

and if you're actually looking at this

22:28

air as well, there is a I'm

22:30

I let me, I'm. I'm. A send

22:33

over this this chart over to you

22:35

good for nothing block chains. Let me

22:37

actually copy this since it over to

22:40

you on that of fancy dancy signal.

22:42

ah because it's so weird when you

22:44

think about it. So so basically what

22:46

happened is Forbes went through and looked

22:49

at all these different block chains and

22:51

and always different block explores through join

22:53

Geico, Massari, bit info, charge, token, terminal,

22:56

etc etc and I were looking at

22:58

all of them and they're like look

23:00

at these top twenty blocks haynes. Ah,

23:03

with a toll market value of more

23:05

than one hundred billion, Emphasize the very

23:07

unproven and there's nothing more so than

23:09

speculative crypto trading. Yup, Muslim have a

23:12

lot of treasury that us have Never

23:14

a lot of money rent brimming for

23:16

Madden, but. They. Don't answer them to

23:18

sell holders are regulators and then they just

23:20

go through and just. It. Is is

23:23

everyone I'm it's is talking shit on every one

23:25

of them so. If we are

23:27

getting to eighteen times the

23:29

to hate for hims our

23:32

targets and miike twenty trillion

23:34

dollars like. Allow

23:36

These projects can be worth so much,

23:38

but. You know real

23:41

companies are gotta be profitable so like

23:43

where's the profits going to be coming

23:45

from on matters is gonna be Mostly

23:47

Bitcoin is just worth a whole shit

23:49

loads as well. and when I think

23:51

it's gonna be down adoption many these

23:53

technologies are looking here on the screen

23:55

right now that you know it even

23:57

says Internet Computer minimal usage by that

24:00

Me that. We're. Going to

24:02

start seeing adoption I was

24:04

listening to Michael Sailor was

24:06

one of my favorite guys

24:08

to listen to in the

24:11

space and dumb you know

24:13

he's he's says that he

24:15

expects the i'm ah the

24:17

government to say no. To.

24:20

And a theory Meet ya. And

24:22

he thinks that. That.

24:24

Is one of the catalysts for

24:27

for Bitcoin, because enterprise money corporations

24:29

are waiting for certainty. You know

24:31

right now Mike Strategies and Tesla

24:33

got holdings. There's other companies that

24:36

have holdings, but the the huge

24:38

swarm of influx into Bitcoin is

24:40

going to happen once there's enough

24:43

certainty that like okay, this is

24:45

the coin. This. Is how

24:47

it's of what we're gonna. You know that

24:49

we want to stash as part of our

24:51

holdings and up at the I think he

24:53

might be right, but that. He

24:55

is. He's like a modern day profit in

24:58

a dude who's willing to put his money

25:00

or and shareholders in the future of his

25:02

company's money. Where his mouth is. I think

25:04

he might be the smartest dude in the

25:07

room. Is

25:09

on the like Ross about it's quite possible and

25:11

then our us among audible run but then again.

25:14

I'm. Crypt. Does not just America?

25:17

Writes. Ah America says whatever America mods.

25:19

But. It's not the rest of America

25:21

now. Typically, the rest of America, the rest

25:24

of the world typically follow suit. What America

25:26

says, I could take some of those other

25:28

crypto was. Temporarily. That

25:30

could also be a boon for I Cp

25:32

down the road because we'll just have to

25:34

see ah because you know things are decentralize

25:37

or say on another says this is not

25:39

a utility but one true utilities go fan.

25:41

It's a different thing so I think there

25:43

could be a big shake out and a

25:45

lot of those crypt aus but I'm he

25:47

got back that question To me joe is

25:49

if they only want Bitcoin to be the

25:51

project. Then.

25:54

That was probably set forth. In.

25:56

Out the fifteen twenty years ago.

25:58

When in my opinion, Then I say

26:00

probably had something to do with the creation

26:02

of Bitcoin when you see those early papers

26:04

like had a man's a digital coin and

26:07

they were talking about that in the nineties

26:09

and as a whole you know that white

26:11

paper from of the in I say there's

26:13

some. there's some going on and ya says

26:15

are either is or there isn't library. there

26:17

is a rare and an Economist magazine. haven't

26:19

some on the cover as as the future

26:21

of Money and it looked like a Bit

26:23

Coins and it was like thirty years ago

26:25

and he I go on okay was there

26:28

some go on our on our just weird.

26:30

To think about. If. A trying to know

26:32

all the other ones and an only allow

26:34

big ones. That means they like bitcoin. And.

26:36

They. They. They have

26:38

some comfortable of really cares the Us makes

26:40

of a small percentage of the world even

26:43

though you know when strongest economy there's the

26:45

rest the world and or they're gonna do

26:47

what they want to do and it's days

26:49

tell their citizens hey. It's. All

26:51

fair game. Guess what's gonna happen?

26:53

We fall behind and dominance development

26:55

goes off shore and Americans go

26:57

Final, Find another citizenship or another

27:00

way to K Y C and

27:02

say this game because. Appears.

27:05

Me while government continues, they up

27:07

yours to companies. As Robin Hood

27:09

has received a wells notice from

27:11

the government, they're saying that they're

27:14

going to file enforcement actions against

27:16

Robin Hood for violations of the

27:18

Security Exchange Act of Nineteen Thirty

27:20

Four and Robin Hood is is

27:22

fighting back in. This is where

27:24

we need to see. We need

27:26

to see that these are these

27:28

companies that are on boarding people

27:30

in the crypto do fight back

27:32

and I think ultimately the S

27:34

E Si is. Some skin ever

27:36

really hard time. With.

27:38

All of these these battles, you know,

27:41

with bitcoin base and consensus, they've already

27:43

demonstrated that they're not nearly as strong

27:45

as a thought they would be when

27:48

the Ripple case. I

27:50

think that day and gonna get those

27:52

attorneys. Do those attorneys for the Se

27:54

Si era believe in the Fcc because

27:56

they were are you know not being

27:59

open minded. All and only hardball M

28:01

M M B a little corrupted so

28:03

they end up getting fired or that

28:05

walking away from some of the cases

28:07

and so you're going to have his

28:09

regulators that are doing things that maybe

28:11

aren't above board and so that ends

28:14

up typically come back and backfiring in

28:16

some way so hopefully it will be

28:18

nice just to get for them. Via

28:20

did pretty much shut the fuck up

28:22

and does lead people and innovation get

28:24

moving. I because you know when you

28:26

stuck in the previous world and the

28:28

regulators to their starting. To previous well

28:30

because they have the most to gain from

28:33

it right? They make so much money through

28:35

young oh it a whole invest was reading

28:37

a take tax dollars given to another company

28:39

or country and have that hatchery given it

28:41

back to the politicians through their through their

28:44

foundations and what not like we saw with

28:46

ft eggs and the model politicians I got

28:48

paid Our man there's a whole lot of

28:50

stuff we don't even see so they want

28:52

to keep. They want to keep their train

28:55

rolling as long as possible to make a

28:57

lotta money on and then a like they

28:59

don't like Middle America. And as the

29:01

mom and pops in the and the middle class

29:03

to to get wealthy they try to not have.

29:06

Well. For the Rov for quite

29:08

some time. People. Have been

29:11

speculating duty Elon Musk support

29:13

of Doge Coins us how

29:15

or if he would adopt

29:17

Dotes Coin on on Twitter/x

29:20

or any of his projects

29:22

And and guess what? it's

29:24

happened as of May The

29:26

Forests Dotes coin. Is

29:29

now an official Tesla payment

29:32

on various. Products. And

29:34

I went through and click to the site

29:36

right here I that says on Tesla what

29:38

can I buy from Tesla those my look

29:41

for the Doge coin symbol next to the

29:43

order button. For. Dotes coined eligible

29:45

products. I don't know. You.

29:48

Know what those products are here yet I'm

29:50

not sure. like of I just click on

29:52

a model acts and there's a is there

29:54

my going to see a little doge buy

29:56

button somewhere. I'm sure

29:58

somebody is discovered. What? You can buy with

30:01

that. I just don't know which ones but

30:03

that is a yards. That's a big step

30:05

in the the right direction here and the

30:07

of the author of this article says you

30:09

know what I think girl now we're gonna

30:11

see don't go to a dollar as a

30:13

result. It. I

30:16

remember. Distinctly.

30:19

Probably. Like two thousand and fifteen or someone.

30:21

I'm overlooking the seven other get as I ah

30:23

those coins. And. At Dude

30:25

on April twenty four, two thousand was

30:28

a teen. Ddos was worth point zero

30:30

zero. Zero. One

30:32

sent it was worth. Was.

30:35

At one one hundreds of a penny

30:37

and has like ha ha ha gas

30:39

hilarious and instead I can be out

30:41

as as bad as shit loads but

30:43

now I look at and I laughed

30:45

and now does work. Fifteen cents on

30:47

the way to a dollar. Something that

30:49

would have never. I would have

30:51

never expected that to happen, but then again

30:53

I know people like joke since I probably

30:55

should have expected it. That's when being a

30:58

pacifist is probably be more wrong. I mean

31:00

it's a long way from dollar. It's fifteen

31:02

cents right now. So you know him, you

31:04

do your research and if you're a believer

31:06

in Asia think that doses going to go

31:08

to a dollar then know it's get you

31:10

would have been I believe on this bull

31:12

run right I do regarded as an avid

31:14

He said almost seven set back in two

31:17

thousand twenty one right Like may have to

31:19

them I want something that was and alg

31:21

out like almost every since sixteen I was

31:23

probably sixty Nine cents was by by the

31:25

smartest number and additional tag is enough the

31:27

one out. But here's the deal. Fifteen.

31:30

Cents It was more specific than that bag

31:32

as couple weeks ago back in March, it

31:34

was like twenty two sets. Yeah, And.

31:37

I've only gone up ten percent since he

31:39

mention that, so it would seem like things

31:41

like this. Move.

31:44

The Market. So fifteen cents now and

31:46

probably seventy cents for you know what?

31:48

People. Are opening Doge wallets to

31:50

apparently more than Srp wallets and

31:52

more than Cardinal Wallets Coin To

31:54

the data that they have here,

31:56

there's a lot of interest in

31:58

In Dotes coin. While it's ages

32:00

I like to go to. So easy

32:03

to use in opening a wallet is

32:05

simple and easy. It's fast and so

32:07

on. And. Around were watch

32:09

the gang. Aren't. Met

32:11

A Mask wants to combat front

32:13

running of transactions which could be

32:15

very costly in in guess fees

32:18

and so they continue to roll

32:20

out. Features and functionality is to

32:22

make it easier for people to

32:24

use Met A Mask Smart transactions

32:26

is what they're calling it. So.

32:30

Yeah, I love that because there's some of

32:32

gasp he can be so ridiculous. I mean

32:35

we've had conversations about this in the pass

32:37

at our guys as noxious i him and

32:39

he just fluctuate so much because you don't

32:41

know I owe a kid who is transaction

32:43

right now because gasp easier to high So

32:46

so what does what a smart transactions you

32:48

think it's going to do? it's gonna be.

32:50

I'm like hey let me do this transaction

32:52

but I'm okay doing and over the next

32:54

four hours or whatever. When the transaction fees

32:57

are the lowest or near wall they are,

32:59

they figure that there's four. Hundred million

33:01

dollars every year being wasted on

33:03

reverting transaction stock transactions and things

33:05

that are predatory that are basically

33:08

based on people trying to front

33:10

run. You. Know or transactions were

33:12

messing with the you know the and

33:14

and the parameters like there's We have

33:16

stuff set to automatic in our wallets

33:19

but people have figured out how to

33:21

change some of the parameters to waterfront

33:23

run projects which means you know get

33:25

to Mentor and F T and I

33:28

your transaction doesn't go in to the

33:30

block So how it works is this

33:32

a user tells a blessing Want to

33:34

submit a transaction and usually this and

33:37

the to a public mean pool where

33:39

awaits to be confirmed and so. In

33:42

this case, they're kind of

33:44

putting an intermediary between the

33:46

trend person making the transaction,

33:48

the mean pool that can

33:50

somehow balances out there, calling

33:52

in a virtual mean pool.

33:55

So. I don't I had sounds super

33:57

technical to me. I just noticed if it.

34:00

Wait, Area.

34:03

So. Have you would like? go ahead

34:05

and take that article from are shown

34:07

us, put it in charge of beauty

34:09

and explain it to me like I'm

34:11

five. Yeah that's what are you Italian?

34:13

So remember hearing about Blue Sky when

34:15

that was you know the next big

34:17

so Solo gets or code blue Skies

34:19

as give you the next So Soul

34:22

Aunts and I Jack Dorsey who it

34:24

you know helped found it is now

34:26

leaving the board and die. He likes

34:28

the freedom, technology of acts and nastier

34:30

I tell you. I'm adding a history

34:32

of it's. Written accurately. Will look

34:34

back and say Elon Musk

34:36

saved free speech. Right

34:39

now that it's just disappearing from our

34:41

constitution or you know for a bill

34:43

of rights but with our just had

34:45

some crazy stuff This happened this week

34:48

when basically they're less congress has passed

34:50

and says you can't say anything bad

34:52

about Israel by Jan as I guess

34:55

is who I well I I can't

34:57

I mean I don't know ones omnipotent

34:59

above criticism he'll have some I do

35:01

some city that matter what race you

35:04

are what viewed synthetics argued subsidy. Use

35:06

other says his relatives of city. I'm just

35:08

saying. I can't criticize them

35:10

by don't like like that doesn't make any sense

35:13

that off such as gives you carte blanche to

35:15

be as well as if you need to which

35:17

is not good either and self. One thing I'll

35:19

say about Jack Dorsey is this. Jack.

35:22

Dorsey had a chance, right?

35:24

Because he had a chance

35:26

to be a hero. In

35:28

Mama he had a chance. Is

35:30

you If you know the history of Google and

35:32

you know the history of Facebook. Facebook.

35:35

Was in an essay project they shut

35:37

down life log the same day face

35:39

but was turned on and I said

35:41

hey we're not going to track these

35:43

people, were going to have them pro

35:45

active the give us other information and

35:47

make him have fun in the process.

35:49

Yes! And then Google was also a

35:51

Skunk Works project funded by Cia. V

35:53

sees the Sergei brands that are mom

35:55

is any intelligence ah space and see

35:57

that it was a whole big the.

36:00

Most people don't know that could keep that really

36:02

on the down off but Twitter was the one

36:04

that was kind of found it Odd Song is

36:07

how I love early Twitter right? You have early

36:09

Twitter so much he wrote a couple books on

36:11

right. And Jack Dorsey had

36:13

a chance to be a hero but

36:15

instead he let the back doors of

36:17

the government and and infiltrates. Twitter.

36:19

And made it a shit hole and then he

36:21

went out that I'm a little to boost guided

36:24

with a jack. You should have paid attention to

36:26

what your fucking do on and he fucked it

36:28

up. What? William. What? What you on came

36:30

in and is done some stuff the kind of help. Save.

36:33

It. And eyes is what we

36:35

saw with they were doing. The Twitter

36:37

files showed us exactly what they were

36:39

doing and then we know based on

36:41

what Twitter was doing that Google and

36:44

Matter or and linked and they're doing

36:46

the same thing right. Now off they're

36:48

doing us. Yeah, they're all doing the

36:50

same thing into not to be trusted

36:52

with your data with your privacy or

36:55

winter time to be Candid Ice. It's

36:57

funny, I used to use social media

36:59

so often and once I saw that

37:01

it became a a net loss for.

37:03

Society and this is getting worse

37:06

and worse. I won. I won

37:08

a septic tank to talk is

37:10

sprites I is his A and

37:12

I'm not. The you know,

37:14

the government calling on Tic Toc to

37:16

divest of the Chinese ownership to a

37:18

Us company? I don't know that's gonna

37:21

be any better off Dc a Us

37:23

company you know handling it any differently.

37:26

Or. I'll say this, the whole tic toc

37:28

thing is is that I'm. You.

37:30

Know when you are we get like this

37:32

is that when you know that what is

37:34

like seventy seven percent of our congress senators

37:37

and congressmen have do passports to Israel and

37:39

in Israel said we don't like what Dick

37:41

Oksana and annexing you now have gone off

37:43

on Tic toc. Oh next thing you know

37:45

is a whole big thing in our been

37:47

I've been trying to make Tic Toc sell

37:50

it right? Oh we don't like what's been

37:52

said and so we want you to sell

37:54

it So that what that means is hey

37:56

we were like this to go under our

37:58

control over here somewhere. That way we

38:01

can censor the conversations that we

38:03

don't want. I think tic toc

38:05

is shown more things. Than.

38:07

Than even Twitter shows. In some

38:09

cases where people who are going

38:11

off and ranting the on the

38:13

Millennials and Engine Z tend to

38:15

go to tick tock first. and

38:17

if they're not as censored or

38:19

they are censored whenever they're hate

38:21

towards China. I spell of his

38:24

hate towards America to the west that stuff is

38:26

able to florist source Just weird about however my

38:28

mind I had a good tic toc growing i

38:30

really early on in two thousand twenty one

38:32

around and of teased they didn't like and had

38:35

ceased and they said that they shut that down

38:37

some kind of been like eat a bag of

38:39

Dicks tic toc anyway but. His. Or

38:41

anything good anymore. Life.

38:43

Is good my friend. Every day

38:45

we wake up. Is good we have

38:48

enough. Doesn't mean amazon or pay all

38:50

the Dmz others. Another story here have

38:52

shown outside the about a I am.

38:55

Being. Able to find money laundering to be

38:57

Clint Black's him. but I don't care. Now.

39:00

Characters of sixty Now. I

39:02

hate and I'm not laundering money. Serve.

39:04

As good idea so I'm not even

39:06

a you know happy birthday? Do it

39:09

as pretty exciting, easier and day one

39:11

of Sixty is pretty good at things.

39:13

Things hurt the same as it is

39:15

fifty nine. So.

39:18

Good yeah any big plans that he

39:20

called they got any crypto conferences or

39:22

anything that though that I have zero

39:24

consensus on which lawyer for you as

39:26

as bizarre it's new, it's a it's

39:28

a new page and I I kind

39:30

of in many ways I feel like

39:32

I've been there done that. Down.

39:34

And and I don't have

39:36

anything new. To. Say to an

39:38

audience to speak of you're used to be We'd go

39:41

and we do the shows on stage and all that

39:43

nuts a lot of fun of. We might do that

39:45

again. Ah, but. No.

39:47

In a different phase of life and ten

39:49

looking for a what's what's what's what's next

39:51

on the horizon and and I'll know when

39:54

I see it. As got

39:56

organ stick around were here. This is

39:58

episode seven twenty five hour. coming

40:00

up on or seven year crypto

40:02

podcast bursary in July and dumb

40:04

like to be doing the show

40:07

with you sir Where my gosh

40:09

that is for your awesome because

40:11

ah. The. Day after that.

40:14

On the nineteenth of July is when

40:16

Rb do in the demo for the

40:18

product were gov non on declined to

40:20

the demo. They have an idea that

40:22

it's funny to think of as the

40:25

eighty seven years some good Nevada get

40:27

mojo and seventh a good Mojo number

40:29

and of and I had a yam

40:31

another seven year anniversary pop up on

40:33

my calendar for May Fourth On May

40:35

fourth I marked down. That was seven

40:37

years ago that I made my first

40:39

bitcoin purchase. Oh

40:42

and there was about adding it was around

40:44

fifteen hundred at that time and no I

40:46

didn't even buy a whole big to those

40:48

new do about It was the first time

40:50

that are my all my T Y C

40:52

and everything through coin base had gone through

40:54

and I was able the deposit funds and

40:56

make my first purchase. There. Are.

40:59

So go up. you got some answers sir

41:01

and I won't get some answers and what

41:03

Allah Zone figured out either. Delle Donne. All.

41:06

Those pool builder something about when technology as

41:09

knew that it's super fun to get under

41:11

the hood and it's cracked the code on

41:13

how to make it work before. there's all

41:15

these tools were anybody can do it. As.

41:18

Is some been around as it's you know that

41:20

it it. It's like a superpower. It makes you

41:22

feel like the house. I figured it out. You.

41:25

Know nags, go download an app, what your name

41:27

and all letting a boob I bought Crypto right?

41:29

Is that much to figure out? When.

41:31

Our in that phase of mass

41:33

adoption were be barred are like

41:35

us. Gotta be easy. It's gotta

41:37

be smooth Gabi Stream Lines gotta

41:39

make it easy for them because

41:41

it's so confusing. So those early

41:43

adopters early bleeding edge pioneers likes

41:45

or lords on com out there

41:47

ah were it's it's it's heading

41:50

towards folks who are new Bluebird

41:52

better handling. For. That reason I

41:54

go with us gang we appreciate you will

41:56

be back next week of he got a

41:58

moment to go review the podcast Fi. Stars

42:00

are always preferred and you'll be

42:02

a better human for it. You'll

42:04

be happier with yourself. You'll sleep

42:06

better. You'll you'll

42:09

have more. I. Have

42:11

fun in your life, You'll be more

42:13

Handsome are beautiful, That those

42:15

are, Those are promises I can't make.

42:17

But. I have a penis will grow,

42:20

it's gonna be privy the very next. We're

42:22

back to the dick jokes. That.

42:24

That span of time altogether. Okay that we gotta

42:26

go write a song now with the going to

42:28

be called the Crypto Cleanse. The. Career:

42:30

The crypto plants are right.

42:32

Stick around for after the

42:34

disclaimers guys were made and

42:37

you'll find those direct woman.

42:42

Next time he said. The

43:01

Bad Crypto Podcast is a production

43:03

of Bad Crypto, Llc. The content

43:05

of the show, the videos, and

43:07

the website is provided for educational,

43:09

informational, and entertainment purposes only. It's

43:12

not intended to be and does

43:14

not constitute financial investment or treating

43:16

advice of any kind. You shouldn't

43:18

make any decisions as to finances,

43:20

investing, trading, or anything else based

43:22

on this information without undertaking independent

43:24

due diligence in consultation with a

43:27

professional financial advisor. Please understand that

43:29

the trading of Bitcoins. And alternative

43:31

crypto currencies have potential risks involved.

43:33

Anyone wishing to invest in any

43:35

of the currencies are tokens mentioned

43:37

on this podcast should first seek

43:39

their own In. Ah,

43:43

sweaty. And

43:46

you have to remove. Anything.

43:54

Or. My.

44:04

Haha. Omaha.