1 00:00:00,440 --> 00:00:02,200 Well, GM everyone, this is the second show. 2 00:00:02,280 --> 00:00:04,600 Was that Was that intro weird? For me, That music didn't sound 3 00:00:04,600 --> 00:00:05,800 quite right. Maybe it's. 4 00:00:05,800 --> 00:00:10,080 Just the music was weird and we have to take away the peeing 5 00:00:10,080 --> 00:00:12,720 sound. Yeah, yeah, exactly. 6 00:00:12,720 --> 00:00:14,200 It's another Farooq trait, I think. 7 00:00:14,240 --> 00:00:18,000 Him drinking coffee and and him peeing, clearly, Yeah, I don't 8 00:00:18,000 --> 00:00:20,160 know. Hopefully today is a better 9 00:00:20,160 --> 00:00:22,040 start than yesterday. Mika, you're still with us, 10 00:00:22,040 --> 00:00:24,080 which is, Which is a positive point. 11 00:00:25,000 --> 00:00:27,440 It's same. We have a bit of a takeover this 12 00:00:27,440 --> 00:00:29,720 week. Farooq and OSF are out. 13 00:00:30,180 --> 00:00:33,380 We have replaced them with much better versions in Mika and 14 00:00:33,380 --> 00:00:35,740 Cows. How you guys doing? 15 00:00:35,780 --> 00:00:39,820 How are you doing today? I'm feeling good. 16 00:00:39,820 --> 00:00:42,300 There's more tea. I'm excited to learn more. 17 00:00:42,300 --> 00:00:45,620 Yesterday I went back to school. I got my notes. 18 00:00:49,100 --> 00:00:50,700 I got my notes. So. 19 00:00:50,740 --> 00:00:52,780 But I really do have notes. I do have notes. 20 00:00:53,060 --> 00:00:56,580 And yeah, I'm excited. I'm excited for Mando minutes. 21 00:00:56,580 --> 00:01:00,390 Like, I think I'm addicted. That's good to hear, That's good 22 00:01:00,390 --> 00:01:01,710 to hear. I saw you walking around the 23 00:01:01,710 --> 00:01:05,150 streets of New York making content, bit of a content 24 00:01:05,150 --> 00:01:06,310 creator in New York in the summer. 25 00:01:06,310 --> 00:01:09,830 That's quite a good vibe. New York has been an amazing 26 00:01:09,830 --> 00:01:11,230 vibe. I'll tell you what it's it's 27 00:01:11,230 --> 00:01:15,230 such a good feeling to like, do you know, start my day off like 28 00:01:15,230 --> 00:01:17,870 this, like getting all the alpha, all of the Mando minutes, 29 00:01:18,030 --> 00:01:21,030 you know, chilling with cows, you know, you, you and him just 30 00:01:21,030 --> 00:01:22,590 kicking it. And then I feel like I'm all up 31 00:01:22,590 --> 00:01:26,710 to date and then I walk out, I get a pizza, it's $2.00, I'm 32 00:01:26,710 --> 00:01:28,030 full. I'm happy. 33 00:01:28,030 --> 00:01:30,710 I'm listening to music. I see people all down the 34 00:01:30,710 --> 00:01:32,390 street. They don't care if I pick my 35 00:01:32,390 --> 00:01:34,390 nose. They don't care if I like, rub 36 00:01:34,390 --> 00:01:37,150 my eye, like it's just such a freeing thing. 37 00:01:37,190 --> 00:01:40,270 And then I'm back to spaces. So I just feel like it's a good, 38 00:01:40,510 --> 00:01:43,550 you know, balance. I'm also seeing Harry Potter on 39 00:01:43,550 --> 00:01:46,390 Broadway with my mom tonight, actually, cows. 40 00:01:46,390 --> 00:01:50,230 And my mom had a had a chance to get before the show and they 41 00:01:50,230 --> 00:01:52,390 were bonding about I. Have this effect. 42 00:01:52,870 --> 00:01:55,110 I have this effect on a lot of people's moms. 43 00:01:57,410 --> 00:01:58,890 I am known. I'm known. 44 00:01:59,090 --> 00:02:02,610 I'm known as the guy in the friendship group who is charming 45 00:02:02,610 --> 00:02:05,250 enough to to talk to the mums, I think. 46 00:02:05,570 --> 00:02:10,090 Nothing like untoward. Yeah, he is amazingly American. 47 00:02:10,090 --> 00:02:11,610 He is. His mom is American. 48 00:02:11,610 --> 00:02:15,250 So he's half and half. Although he did give up your 49 00:02:15,250 --> 00:02:19,530 passport recently, strangely. Just doctoring all my personal 50 00:02:19,530 --> 00:02:20,850 information there. Yeah, it's. 51 00:02:23,310 --> 00:02:26,150 If you want to look up who I am, just look up the recently. 52 00:02:27,470 --> 00:02:28,510 Yeah. Given up US files, yes. 53 00:02:30,470 --> 00:02:33,270 Yeah, exactly. Yeah. 54 00:02:33,270 --> 00:02:37,270 The tax implications of staying, both are pretty strong and I'm 55 00:02:37,270 --> 00:02:41,490 not gonna live there. So yeah, look, so I think it's 56 00:02:41,490 --> 00:02:43,250 going to be another interesting day. 57 00:02:43,490 --> 00:02:46,370 I did the minutes again today and like obviously people are 58 00:02:46,370 --> 00:02:48,450 coming back. This is people coming back to to 59 00:02:48,450 --> 00:02:51,610 work in the US had a long weekend for Labor Day. 60 00:02:52,050 --> 00:02:54,170 Hopefully you will, you had a good time. 61 00:02:54,530 --> 00:02:56,530 It's been pretty dull I have to say. 62 00:02:56,530 --> 00:02:58,370 Prices I think were exactly the same as where they were on 63 00:02:58,370 --> 00:03:00,810 Friday. A little bit of drama which 64 00:03:00,810 --> 00:03:03,650 we'll get into. But yeah, good vibes which you 65 00:03:03,690 --> 00:03:05,810 can hopefully bring back the timeline. 66 00:03:06,210 --> 00:03:08,170 I said today, like I don't know if you guys have the same 67 00:03:08,170 --> 00:03:10,770 timeline as me, but it is just horrific at the moment. 68 00:03:10,770 --> 00:03:13,690 Like what I see is all these crypto ogs basically saying that 69 00:03:14,050 --> 00:03:16,730 nobody's left and everything's going to 0. 70 00:03:17,290 --> 00:03:19,570 So maybe we can change that, maybe we can change that. 71 00:03:22,330 --> 00:03:24,970 I think the. I feel yeah, you go. 72 00:03:25,890 --> 00:03:29,530 I feel like, is it? Is the timeline sad and 73 00:03:29,530 --> 00:03:32,330 depressed or is it just dead? It feels like dead. 74 00:03:32,850 --> 00:03:36,610 Like usually you can spend all day on Twitter looking at new 75 00:03:36,610 --> 00:03:39,710 stuff as it comes out like. It's engaging, it's 76 00:03:39,710 --> 00:03:43,750 entertaining, but lately it's just no, nobody's here. 77 00:03:43,750 --> 00:03:45,830 It's like tumbleweed OverDrive right now. 78 00:03:46,430 --> 00:03:48,710 Nobody. You got me on the timeline 79 00:03:48,750 --> 00:03:50,150 eating. I don't follow you. 80 00:03:50,550 --> 00:03:54,830 That's quality content like for free. 81 00:03:55,560 --> 00:03:58,800 Like, I don't know, the occasional time you got Laura 82 00:03:58,800 --> 00:04:01,960 Wolf posting a Taco. Sometimes her feet are in the 83 00:04:01,960 --> 00:04:06,240 photo for free. You know, I mean, come on, am I 84 00:04:06,240 --> 00:04:08,640 the only one who's not the Lulu over here? 85 00:04:08,840 --> 00:04:12,360 But that's clearly where the content is. 86 00:04:12,360 --> 00:04:14,680 Yeah, look, I think people are talking about Kobe's. 87 00:04:14,800 --> 00:04:17,399 Kobe stopped posting. DJN Spartan is nowhere to be 88 00:04:17,399 --> 00:04:18,440 seen. I've never seen this. 89 00:04:18,600 --> 00:04:23,350 Kobe stopped posting. Well, he's not just a reply guy, 90 00:04:23,350 --> 00:04:24,150 right? So. 91 00:04:24,470 --> 00:04:26,430 Well, maybe he didn't say it's who. 92 00:04:26,430 --> 00:04:29,030 Geez are the space of basically leaving which is. 93 00:04:29,230 --> 00:04:30,910 Maybe. Maybe he makes so much money off 94 00:04:30,910 --> 00:04:34,190 of the friend tech. Yeah, yeah. 95 00:04:34,430 --> 00:04:38,190 I think he's just live off. Live off royalties of being cool 96 00:04:38,510 --> 00:04:41,230 around early. Anyway, we should we should 97 00:04:41,230 --> 00:04:43,310 again do. Our sponsor of the month is 98 00:04:43,310 --> 00:04:46,470 again, we have Kraken NFT, who is sponsoring the show. 99 00:04:46,470 --> 00:04:50,100 They're building an exchange. Empowering a few different 100 00:04:50,380 --> 00:04:53,380 projects in the market including egos recently with their point 101 00:04:53,380 --> 00:04:57,220 system and by everyone someone on a Tesla there the other day 102 00:04:57,740 --> 00:05:01,180 which was a lot of hype but yeah they are making pushing the 103 00:05:01,180 --> 00:05:02,740 NFTS. Go check out Kraken. 104 00:05:03,220 --> 00:05:08,340 We use them at Canary Labs. Kraken is actually as as Cali 105 00:05:08,340 --> 00:05:10,660 would say they're the only exchange that that actually 106 00:05:10,660 --> 00:05:13,340 accepted us. So we we are double thumb. 107 00:05:13,820 --> 00:05:17,500 For what does that mean? I don't know, but like, whoever 108 00:05:17,500 --> 00:05:19,140 does biz there for Kraken. Thank you. 109 00:05:19,520 --> 00:05:22,120 Thank you everywhere else to shut you down. 110 00:05:22,120 --> 00:05:24,000 You say that you're a crypto business. 111 00:05:24,000 --> 00:05:26,760 They're like, yeah, no, not gonna deal with it, so. 112 00:05:26,960 --> 00:05:30,200 What are some cool things? What are some cool features on 113 00:05:30,200 --> 00:05:33,960 cracking? I mean you can trade just like 114 00:05:33,960 --> 00:05:38,880 normal spot and derivatives there, but they are obviously 115 00:05:38,880 --> 00:05:42,870 building out obviously this NFT marketplace which you know 116 00:05:42,910 --> 00:05:44,750 hopefully can grow. They've obviously seen moves 117 00:05:44,750 --> 00:05:46,870 like that for finance and Coinbase, but crackers now 118 00:05:46,870 --> 00:05:48,310 making a really big push into it. 119 00:05:49,030 --> 00:05:51,550 They're sponsoring a few projects in the space and they 120 00:05:51,550 --> 00:05:56,630 are yeah, but we we found it useful because they they, I mean 121 00:05:56,630 --> 00:05:58,830 I don't know how much they asked for withdrawal but it's it's 122 00:05:58,870 --> 00:06:01,070 definitely where everyone else is shutting down. 123 00:06:01,070 --> 00:06:02,350 You can't even get your money out of finance. 124 00:06:02,350 --> 00:06:04,670 You can't get your money out of XYZ exchange. 125 00:06:04,670 --> 00:06:07,310 Kraken is a regulated exchange Canadian. 126 00:06:08,100 --> 00:06:11,580 It's good. And yeah, something that we're 127 00:06:11,580 --> 00:06:13,620 big fans of. So yeah, cracking Nftp. 128 00:06:15,220 --> 00:06:22,060 P2P payment system on cracking, I believe they have P2P but they 129 00:06:22,180 --> 00:06:24,540 also just go to banks. So I think you're absolutely 130 00:06:24,660 --> 00:06:27,780 fine and you can get your money out straight to banks. 131 00:06:27,780 --> 00:06:32,740 It's not like the P2P stuff that finance does, right? 132 00:06:32,740 --> 00:06:34,580 So the first things I think to talk about, we're going to do 133 00:06:34,580 --> 00:06:37,780 the same format as yesterday, which is the the five main 134 00:06:37,780 --> 00:06:39,980 things that you should be looking at today. 135 00:06:39,980 --> 00:06:43,100 The first one which happened kind of as our show was ending, 136 00:06:43,100 --> 00:06:47,900 actually is one of the biggest crypto gambling sites in the 137 00:06:47,900 --> 00:06:50,660 space. They currently pay Drake $100 138 00:06:50,660 --> 00:06:55,500 million a year in sponsorship. They make about four to $5 139 00:06:55,500 --> 00:07:01,890 billion in revenue a year stake. Big, big exchange. 140 00:07:01,890 --> 00:07:05,370 I believe they are Australian, or at least the founders are 141 00:07:05,370 --> 00:07:08,610 based there. And they actually got hacked. 142 00:07:09,490 --> 00:07:14,800 They got hacked for $41 million which I guess in the in the 143 00:07:14,800 --> 00:07:18,040 context of their revenue is not a massive massive figure and I 144 00:07:18,040 --> 00:07:20,400 think hacked is slightly a generous term. 145 00:07:20,760 --> 00:07:24,040 This isn't like a D5 protocol where someone went in and and 146 00:07:24,080 --> 00:07:26,760 worked out a line of code that was wrong and and took the 147 00:07:26,760 --> 00:07:29,640 money. This looks like it was just a a 148 00:07:30,280 --> 00:07:35,080 someone gave out private keys. As with most of these exchanges, 149 00:07:35,520 --> 00:07:38,200 the the funds are normally split between a range of different 150 00:07:38,200 --> 00:07:41,960 centralized wallets and it looks like someone got access to one 151 00:07:41,960 --> 00:07:46,120 of those centralized wallets and managed to removed about $41 152 00:07:46,120 --> 00:07:48,080 million across various different assets. 153 00:07:48,080 --> 00:07:51,120 So I don't know if you saw like cows or I know you, I think I 154 00:07:51,120 --> 00:07:54,920 saw a video from you Mika actually yesterday on it as it 155 00:07:54,920 --> 00:07:57,400 closed. So yeah, what did you guys 156 00:07:57,400 --> 00:08:00,570 think? Cows, go ahead. 157 00:08:00,610 --> 00:08:02,810 I mean I was just like, how's Drake? 158 00:08:02,810 --> 00:08:04,970 But nobody cares cuz he's getting paid 100 million 159 00:08:05,250 --> 00:08:06,730 anyways. But I just thought it was like 160 00:08:07,130 --> 00:08:08,770 champagne poppy. No, I'm joking. 161 00:08:09,690 --> 00:08:11,410 Drake. Unaffected, Unaffected. 162 00:08:11,410 --> 00:08:14,290 I assume Drake's a little dead moisturized to his lane. 163 00:08:15,480 --> 00:08:19,360 Yeah, it feels like we said this yesterday right in our message 164 00:08:19,360 --> 00:08:21,720 Rando. It feels like it was some kind 165 00:08:21,720 --> 00:08:25,200 of disgruntled employee or a similar thing happened with 166 00:08:25,200 --> 00:08:28,680 actually Infinity where an employee was sent like a 167 00:08:28,680 --> 00:08:32,679 malicious link which went in and managed to scrape their files 168 00:08:32,679 --> 00:08:36,799 and find private key or whatever the way that funds were siphoned 169 00:08:36,799 --> 00:08:40,150 off. Afterwards in this hack I think 170 00:08:40,230 --> 00:08:42,990 there were a lot of people on Twitter saying it was kind of it 171 00:08:42,990 --> 00:08:47,950 appeared to be somewhat professional which usually means 172 00:08:48,070 --> 00:08:54,030 some kind of like North Korean or Russian kind of hack. 173 00:08:54,030 --> 00:08:56,950 A group I think is the is the right way to phrase it. 174 00:08:56,950 --> 00:09:01,630 But but yeah, it sounds like a lot of money, but as you said, 175 00:09:01,630 --> 00:09:04,910 in the grand scheme of things, that's like a day, 2 days of. 176 00:09:06,550 --> 00:09:10,830 Of revenue and profit. So but it yeah, it looks, I 177 00:09:10,830 --> 00:09:12,830 think actually everyone was pretty wild, right. 178 00:09:12,830 --> 00:09:16,870 But I think what they did for AXI is they posted a fake job 179 00:09:18,070 --> 00:09:21,470 link and they managed to convince one of the AXI senior 180 00:09:21,470 --> 00:09:25,310 management to apply for that job, sent them some sort of 181 00:09:25,310 --> 00:09:28,590 malicious link in the process of that job in application and 182 00:09:28,590 --> 00:09:31,750 stole the private keys and moved away with I think over 100 183 00:09:31,750 --> 00:09:35,240 million, something, 500,000,000 something, absolutely. 184 00:09:36,560 --> 00:09:40,720 I have a question here. So, so everything on the 185 00:09:40,720 --> 00:09:43,240 blockchain is like tracks, right? 186 00:09:43,240 --> 00:09:45,400 It's a public Ledger, you can see everything. 187 00:09:45,400 --> 00:09:49,080 So how is it? How do people just get away 188 00:09:49,360 --> 00:09:52,120 with, you know, stealing like this? 189 00:09:52,480 --> 00:09:57,440 I mean 43 point whatever, $1,000,000 is a lot of money. 190 00:09:58,280 --> 00:10:02,040 How do you just kind of walk free with stealing just? 191 00:10:02,580 --> 00:10:05,060 Millions. It's a really good question 192 00:10:06,020 --> 00:10:10,140 because I agree, like people always say like it's so good to 193 00:10:10,460 --> 00:10:12,540 steal, steal money on blockchain. 194 00:10:12,540 --> 00:10:15,100 But actually there is a Ledger like you can normally track 195 00:10:15,100 --> 00:10:18,700 where it goes back to until they normally track it, until it goes 196 00:10:18,740 --> 00:10:20,740 back to some sort of centralized exchange. 197 00:10:20,740 --> 00:10:24,060 So it will go back to like a finance or it will go back to a 198 00:10:24,060 --> 00:10:25,340 Coinbase wallet or something like that. 199 00:10:25,340 --> 00:10:27,940 And then the money gets taken out and normally that's when 200 00:10:28,420 --> 00:10:32,940 people will look to try and freeze that that that account or 201 00:10:32,940 --> 00:10:35,820 they'll notify the exchange and then try and get the money out 202 00:10:35,820 --> 00:10:38,420 of that way. This is where things like 203 00:10:38,420 --> 00:10:41,460 Tornado cash came in. The like you can send money to 204 00:10:41,700 --> 00:10:44,860 tornado Cash which then goes into a pool and then it's very, 205 00:10:44,860 --> 00:10:47,780 very difficult to see on the other end where it gets 206 00:10:47,780 --> 00:10:49,540 extracted. Well, it's actually not and 207 00:10:49,540 --> 00:10:51,940 there are various others that can use it. 208 00:10:52,260 --> 00:10:57,200 It's just it's you get it's put on blacklists for certain assets 209 00:10:57,200 --> 00:10:59,760 if you use it, but there are even alternatives for things 210 00:10:59,760 --> 00:11:02,040 like Tornado cash. So there are ways to put it into 211 00:11:02,040 --> 00:11:07,040 some sort of mixes. There's also a lot of exchanges 212 00:11:07,360 --> 00:11:08,920 and. Due to any thorough 213 00:11:09,000 --> 00:11:12,160 investigation, I am not affiliated. 214 00:11:12,480 --> 00:11:16,920 No joking, There's no purposes only we need that sound. 215 00:11:17,120 --> 00:11:20,040 But I mean, yeah, it's just. I just feel like. 216 00:11:20,510 --> 00:11:24,310 There is a way to track it. I mean we saw with Tornado cache 217 00:11:24,310 --> 00:11:28,350 that you saw at some point it got revealed like who was using 218 00:11:28,350 --> 00:11:31,830 it and you had all of the, you had all of the addresses and 219 00:11:31,830 --> 00:11:34,190 stuff like that. But I don't know. 220 00:11:34,190 --> 00:11:39,910 It's just, it's pretty bold. I feel like, yeah, look, if it's 221 00:11:39,910 --> 00:11:45,170 North Korea, you've got to assume that they have some form 222 00:11:45,170 --> 00:11:48,690 of way of like they have deals with people on maybe the black 223 00:11:48,690 --> 00:11:51,770 market to swap those for actual real dollars. 224 00:11:52,090 --> 00:11:56,210 I think they stole something like $2 billion last year, which 225 00:11:56,210 --> 00:12:00,690 is just a huge bit of North Korea GDP right there that 226 00:12:00,690 --> 00:12:03,050 they're stealing. So they clearly have some ways 227 00:12:03,050 --> 00:12:07,340 of getting getting it out. This is this is big but it's not 228 00:12:07,340 --> 00:12:10,780 like unbelievable in terms of crypto crypto hacks. 229 00:12:10,900 --> 00:12:12,340 But it does feel like this is professional. 230 00:12:12,620 --> 00:12:16,340 I think we'll find out state did come out and say a private key 231 00:12:16,340 --> 00:12:20,460 was compromised. We don't know the full story of 232 00:12:20,460 --> 00:12:21,820 that. I'm not sure if we'll ever know 233 00:12:21,820 --> 00:12:25,580 the full story. But they, I think that the main 234 00:12:25,580 --> 00:12:31,380 thing is, was that they also they froze withdrawals and 235 00:12:31,380 --> 00:12:34,060 deposits in the time after that. And some people got very upset 236 00:12:34,060 --> 00:12:37,460 by that because let's say you had some money on and this could 237 00:12:37,460 --> 00:12:39,380 be any. This is the same for any 238 00:12:39,380 --> 00:12:41,740 centralized platform. So let's say it's an exchange, 239 00:12:42,700 --> 00:12:44,340 Let's say you had money on Coinbase and something like this 240 00:12:44,340 --> 00:12:45,900 happened. You'd probably want to be able 241 00:12:45,900 --> 00:12:49,940 to get your money off Coinbase and they basically stopped 242 00:12:49,980 --> 00:12:51,660 anyone from taking their money out. 243 00:12:51,860 --> 00:12:55,420 So they got some bad press afterwards because in the hours 244 00:12:55,420 --> 00:12:58,740 since they stopped any money being withdrawn. 245 00:12:59,650 --> 00:13:01,730 I see two sides of that. Obviously, it's like a 246 00:13:01,730 --> 00:13:04,250 developing situation. They probably are very, very 247 00:13:04,250 --> 00:13:08,890 heightened about the the, the, the money leaving the exchange, 248 00:13:08,890 --> 00:13:13,690 sorry, the the, the, the casino and they and they probably have 249 00:13:13,690 --> 00:13:14,810 more of a picture of it than you. 250 00:13:14,810 --> 00:13:16,690 But yeah, you can understand why people are pissed. 251 00:13:17,170 --> 00:13:21,890 But yeah, $41 million, I don't, I don't know what you do with 252 00:13:21,890 --> 00:13:29,090 $41 million, but. Very specific. 253 00:13:31,230 --> 00:13:34,990 I told you guys, I told you Chad, this would be educational. 254 00:13:36,430 --> 00:13:39,470 So you know this is this is educational do with this 255 00:13:39,470 --> 00:13:40,910 information what you are. No, I'm joking. 256 00:13:41,710 --> 00:13:44,070 But no, I think it's important. I have one more question in 257 00:13:44,070 --> 00:13:48,070 regards to this. So I think a lot of people hear 258 00:13:48,070 --> 00:13:50,350 stories like this and then they're like, oh, you know, 259 00:13:50,870 --> 00:13:53,430 crypto is used for all of these bad things. 260 00:13:53,430 --> 00:13:56,350 But is there an example? And maybe if you don't have it 261 00:13:56,350 --> 00:13:59,270 right now but on the top of your head that. 262 00:13:59,830 --> 00:14:03,190 Happened in, you know, with banks or whatever that is kind 263 00:14:03,190 --> 00:14:07,430 of similar to the situation that it's like not just crypto. 264 00:14:08,550 --> 00:14:12,590 I was actually gonna just say this like this happens all the 265 00:14:12,590 --> 00:14:15,870 time in so many different companies, but we don't hear 266 00:14:15,870 --> 00:14:18,670 about it because we don't have the public let like the bank 267 00:14:18,670 --> 00:14:20,670 transfers or hacks and not public. 268 00:14:20,910 --> 00:14:25,550 So companies get hacked or ransomware takes over company 269 00:14:25,550 --> 00:14:27,630 servers and they have to pay ransom like. 270 00:14:28,630 --> 00:14:32,590 Insanely common, but you just don't hear about it. 271 00:14:32,590 --> 00:14:34,790 And the same for like credit cards and banks, right? 272 00:14:34,790 --> 00:14:38,190 Like actually what happens usually on a credit card fraud 273 00:14:38,390 --> 00:14:42,350 type thing is that their insurer pays out, but and it's 274 00:14:42,350 --> 00:14:46,070 underwritten by an insurance policy because they want to 275 00:14:46,070 --> 00:14:48,750 maintain trust in the whole system basically. 276 00:14:50,730 --> 00:14:53,330 So yeah, this happens all the time, but without public nudges 277 00:14:53,330 --> 00:14:56,090 we don't get to see it. So my my view is that this 278 00:14:56,090 --> 00:15:01,330 probably happens less in in crypto than it does in normal 279 00:15:01,330 --> 00:15:03,770 companies, but we just see about it less or proportionally less 280 00:15:04,330 --> 00:15:08,890 or not as much, maybe not less. Somebody clip that. 281 00:15:09,050 --> 00:15:13,610 Somebody clip that for for 31 million. 282 00:15:13,810 --> 00:15:16,410 Go on bull market. Yo, we need something. 283 00:15:16,530 --> 00:15:17,690 You know what I'm saying? Like we need. 284 00:15:18,480 --> 00:15:21,960 Then so thank you for that. I'm going to be clipping that. 285 00:15:21,960 --> 00:15:24,600 I think it's super important because you're totally right. 286 00:15:24,800 --> 00:15:27,960 It's the fact that the whole Web 3 ethos, like in regards to the 287 00:15:27,960 --> 00:15:29,760 blockchain, it's a public Ledger. 288 00:15:29,760 --> 00:15:31,840 So we have access to this information. 289 00:15:31,840 --> 00:15:33,800 We could see it, you know, happening. 290 00:15:33,960 --> 00:15:37,440 But with other stuff it's it's, you know, private we we can't 291 00:15:37,440 --> 00:15:41,120 see, but it is happening. So it's a it's a really big I 292 00:15:41,120 --> 00:15:44,120 think important message to share with let's say your friends and 293 00:15:44,120 --> 00:15:47,480 family that are like, Oh yeah, you know, like this is all a 294 00:15:47,480 --> 00:15:49,320 scam or. Whatever narrative that the 295 00:15:49,320 --> 00:15:52,440 media has been, you know, spewing in the past couple of 296 00:15:52,440 --> 00:15:55,320 months, I think it's important to, you know, educate our 297 00:15:55,320 --> 00:15:57,280 community with information like this. 298 00:15:57,280 --> 00:16:00,960 And so that we could repeat it and actually change the 299 00:16:00,960 --> 00:16:02,320 narrative. Because I think we do have the 300 00:16:02,320 --> 00:16:05,440 power to to change that narrative if we are educated on 301 00:16:05,440 --> 00:16:08,080 like what we're talking about. Because you know, people like 302 00:16:08,080 --> 00:16:11,760 what happened yesterday with the the Mr. Beast guy like his, his 303 00:16:11,760 --> 00:16:15,730 message, his tweet was just. Just wrong. 304 00:16:15,770 --> 00:16:18,170 It was it was just somebody who was uneducated about the 305 00:16:18,170 --> 00:16:20,650 technology. So if we are educated as a 306 00:16:20,650 --> 00:16:23,610 community, you know, people that are tuning into the jam web 307 00:16:23,610 --> 00:16:27,090 through show, we can, you know, maybe change the narrative so. 308 00:16:27,850 --> 00:16:30,450 Basically, flip what I just said and play it to your grandma at 309 00:16:30,450 --> 00:16:33,330 Thanksgiving. That's the that's the tweet, 310 00:16:33,330 --> 00:16:36,090 guys. Well, you did say you have a way 311 00:16:36,130 --> 00:16:39,570 with with making friends with mothers and family. 312 00:16:39,570 --> 00:16:43,630 With grandmothers, yeah, I think that plenty of money has been 313 00:16:43,630 --> 00:16:47,590 stolen from casinos in real life over the over the over the 314 00:16:47,590 --> 00:16:49,870 decades. So I think this is pretty 315 00:16:49,870 --> 00:16:52,790 common. So yeah, bank robberies, casino 316 00:16:52,790 --> 00:16:55,590 robberies are are very, very, very, very common. 317 00:16:56,470 --> 00:17:00,190 Anyway, the next big thing to to mention was that Tether Tether 318 00:17:00,190 --> 00:17:03,430 came out, which is obviously one of the biggest stable coins in 319 00:17:03,430 --> 00:17:09,970 the space and said they are the 22nd biggest owner of U.S. 320 00:17:09,970 --> 00:17:13,329 Treasuries. Now we spoke about this 321 00:17:13,329 --> 00:17:18,250 yesterday about how many treasuries are now are now 322 00:17:19,930 --> 00:17:24,530 tokenized or in some way related to blockchain companies. 323 00:17:25,690 --> 00:17:28,170 They came out, they had 72 1/2 billion worth of U.S. 324 00:17:28,170 --> 00:17:30,650 Treasuries. That's more than the UAE, 325 00:17:30,650 --> 00:17:35,600 Mexico, Australia and Spain. Makes them the 22nd, which is 326 00:17:35,600 --> 00:17:38,720 kind of wild. And there's a lot of talk about 327 00:17:38,720 --> 00:17:44,240 the fact that China, who has been the biggest buyer of U.S. 328 00:17:44,240 --> 00:17:48,640 Treasuries over the last, well, multiple decades, has been 329 00:17:48,640 --> 00:17:52,560 selling something to the tune of 400 billion Treasuries over the 330 00:17:52,560 --> 00:17:56,120 last few years. It now looks like. 331 00:17:56,120 --> 00:18:00,160 And you know, sable coins could be a very, very big buyer of 332 00:18:00,160 --> 00:18:01,880 U.S. Treasuries as the space grows. 333 00:18:01,880 --> 00:18:06,220 I've said this before that I think the power of the dollar is 334 00:18:06,300 --> 00:18:10,180 could be very highly related to to the growth of stable coins 335 00:18:10,180 --> 00:18:14,740 because everything here is actually priced in dollars and 336 00:18:14,740 --> 00:18:16,180 this is just more evidence of it. 337 00:18:16,340 --> 00:18:20,500 Like if Tether starts, if if crypto continues to grow, Tether 338 00:18:20,500 --> 00:18:25,260 could enter maybe even in the top 15 top ten biggest owners of 339 00:18:25,260 --> 00:18:25,900 U.S. Treasuries. 340 00:18:25,900 --> 00:18:29,620 Which is just kind of a wild stat that crypto is basically 341 00:18:29,620 --> 00:18:33,900 bailing out the US, the US government and it could continue 342 00:18:33,900 --> 00:18:36,940 to over the over the next over the next few decades. 343 00:18:38,460 --> 00:18:39,820 I agree. I think it's super interesting 344 00:18:39,820 --> 00:18:42,900 and kind of wild. I think what would be even more 345 00:18:42,900 --> 00:18:45,350 interesting is if. If, I mean it's kind of 346 00:18:45,350 --> 00:18:50,070 impossible, but you can proxy it with like I P addresses or 347 00:18:50,070 --> 00:18:54,950 geolocation of of connections, is that like who is that? 348 00:18:55,190 --> 00:18:58,270 So like tether is basically just an intermediary, right? 349 00:18:58,270 --> 00:19:00,430 They hold all the treasuries and then people hold tether. 350 00:19:00,670 --> 00:19:05,350 So is it US hold people holding tether and therefore those 351 00:19:05,350 --> 00:19:07,830 treasuries are actually it's just another form of domestic 352 00:19:07,830 --> 00:19:11,940 holdings or is it like. You know, spread around the 353 00:19:11,940 --> 00:19:14,340 world and it's actually going to increase dollar dominance. 354 00:19:14,380 --> 00:19:18,940 I think it's probably a combination of both, but it's 355 00:19:18,940 --> 00:19:24,260 not really in the US it's mainly outside of the US particularly 356 00:19:24,260 --> 00:19:26,820 in in a lot of like emerging markets companies, countries 357 00:19:26,820 --> 00:19:30,300 where the place like Turkey which is what yesterday 50% of 358 00:19:30,620 --> 00:19:34,660 everyone in Turkey earns crypto and a bunch of other places 359 00:19:34,660 --> 00:19:36,900 where their currencies are just getting absolutely destroyed. 360 00:19:37,260 --> 00:19:42,530 I think the most amount ever issued is on Tron network, which 361 00:19:42,530 --> 00:19:49,690 is the Justin Sun Haobi network and they are largely in Asia. 362 00:19:49,690 --> 00:19:53,490 So that would also point to a large amount of that's being 363 00:19:53,490 --> 00:19:59,970 done outside the US But yeah, it's I still think this, I just 364 00:19:59,970 --> 00:20:04,450 think that crypto is they're gonna realize in the US 365 00:20:04,450 --> 00:20:08,690 particularly as you've seen Saudi Arabia, you've seen the 366 00:20:08,690 --> 00:20:11,310 UAE, you've seen. China sell huge amounts of 367 00:20:11,710 --> 00:20:15,150 treasuries that crypto could start to move up the list. 368 00:20:15,430 --> 00:20:19,670 These stable point issue is as far as the Treasuries and that's 369 00:20:20,030 --> 00:20:22,390 that's a big deal. That's a very, very big deal for 370 00:20:22,390 --> 00:20:25,190 the future of the future of the United States, for sure. 371 00:20:28,030 --> 00:20:32,150 The hand is coming up. You know, I just got a question 372 00:20:32,150 --> 00:20:34,670 brewing. Yeah, so we gonna bring it back. 373 00:20:34,670 --> 00:20:38,710 So what does that mean? Like why is it such a big deal 374 00:20:40,830 --> 00:20:44,750 so like largely the US global power? 375 00:20:45,150 --> 00:20:47,110 You're sharing your screen by the way, still. 376 00:20:47,550 --> 00:20:50,470 Yeah, you're leaking. Or just getting a glance 377 00:20:51,310 --> 00:20:58,430 Amanda's messages here. It's all GM okay anyway. 378 00:20:59,690 --> 00:21:05,010 So largely the the strength of of the the US is tied to how 379 00:21:05,010 --> 00:21:08,210 much the dollar is used as a global currency. 380 00:21:08,330 --> 00:21:12,010 So like the reason why the US is able to hold so much debt right 381 00:21:12,010 --> 00:21:15,370 now is because everywhere around the world basically buys that 382 00:21:15,370 --> 00:21:20,770 debt or needs to borrow in that debt for their own current 383 00:21:21,290 --> 00:21:25,650 countries as well. So a lot of, a lot of, I don't 384 00:21:25,650 --> 00:21:29,330 know, most of the world in fact borrows in dollars. 385 00:21:29,490 --> 00:21:37,570 So you go to Brazil or you go to South Africa or you go to even 386 00:21:37,570 --> 00:21:41,410 Russia up up until recently. Like they won't actually borrow 387 00:21:41,410 --> 00:21:43,690 in their local currency, they'll often borrow in dollars because 388 00:21:43,690 --> 00:21:46,130 it's it's quite a big, it's much bigger market. 389 00:21:46,530 --> 00:21:49,970 So the the, the actual proliferation of the dollar is a 390 00:21:49,970 --> 00:21:52,570 very, very big deal for its, for US power. 391 00:21:53,530 --> 00:21:56,930 If if economies are tied to the dollar, they are tied to 392 00:21:56,930 --> 00:22:00,840 whatever the US decides to do. So when interest rates go up in 393 00:22:00,840 --> 00:22:03,880 the US, it's a very, very big deal globally and that means 394 00:22:03,880 --> 00:22:05,720 they have a lot of power. And this is basically what's 395 00:22:05,720 --> 00:22:09,040 happened in China. And China recently decided that 396 00:22:09,040 --> 00:22:10,720 they don't want all that US power. 397 00:22:11,000 --> 00:22:14,120 So they started to sell their treasuries an extraordinary 398 00:22:14,120 --> 00:22:16,560 amount. They've sold like hundreds of 399 00:22:16,560 --> 00:22:19,840 billions of dollars worth of treasuries over the last over 400 00:22:19,840 --> 00:22:22,440 the last few years they've been buying gold instead. 401 00:22:24,090 --> 00:22:26,970 And people have been saying this is this is kind of a big deal. 402 00:22:26,970 --> 00:22:30,330 This is really, really risky for the US because if nobody wants 403 00:22:30,330 --> 00:22:36,370 to own their dollars, then the US has got a lot of debt and it 404 00:22:36,370 --> 00:22:38,570 could spiral out of control. They'll have to start to pay 405 00:22:38,890 --> 00:22:41,330 like people have to pay more interest on their on their debts 406 00:22:41,330 --> 00:22:45,970 already you have to pay like 5% for U.S. government bonds and if 407 00:22:45,970 --> 00:22:47,690 that goes higher than it could be really, really bad. 408 00:22:47,690 --> 00:22:52,050 It's a good death spiral. So the idea that you could have 409 00:22:52,360 --> 00:22:56,320 crypto as another way to export that dollar power. 410 00:22:56,360 --> 00:23:01,120 So, and by that I mean like if you're in Turkey right now and 411 00:23:01,120 --> 00:23:03,720 your currency is being absolutely destroyed, let's say 412 00:23:03,720 --> 00:23:07,440 every single day you wake up, the value of your local currency 413 00:23:07,680 --> 00:23:12,280 has gone down another 510% and that's been going on for, you 414 00:23:12,280 --> 00:23:15,960 know, months, You can instantly convert your money into dollars. 415 00:23:16,240 --> 00:23:19,840 That's a really big deal and a lot of people in these countries 416 00:23:19,840 --> 00:23:22,880 will decide to do that. And as they decide to do that, 417 00:23:22,880 --> 00:23:25,720 people, places like Heather will buy more and more treasuries 418 00:23:25,720 --> 00:23:28,640 because they need to classize the the amount. 419 00:23:29,240 --> 00:23:31,880 So I think. I think so. 420 00:23:31,880 --> 00:23:36,080 And people, I think crypto is good for the for the United 421 00:23:36,080 --> 00:23:38,240 States dollar. Massively good for the United 422 00:23:38,240 --> 00:23:39,840 States dollar, at least stable coins are. 423 00:23:40,960 --> 00:23:44,240 And it's weird that the US has been so anti crypto because of 424 00:23:44,240 --> 00:23:46,800 it. Well, because of it. 425 00:23:47,200 --> 00:23:49,280 In the face of something like that, they just haven't put two 426 00:23:49,280 --> 00:23:53,560 and two together that it's so tied to like the future of the 427 00:23:53,560 --> 00:23:55,480 dollar in my opinion. I don't know. 428 00:23:55,480 --> 00:23:58,400 What do you think, Ally you expand? 429 00:23:58,400 --> 00:24:02,000 I agree. I think it no, I think you're 430 00:24:02,000 --> 00:24:07,280 good at breaking it down. I yeah the US needs another way 431 00:24:07,280 --> 00:24:10,480 to make the dollar globally relevant and crypto is 432 00:24:10,880 --> 00:24:12,520 everything is denominated in dollars. 433 00:24:12,520 --> 00:24:19,680 So yeah, I think in all of this it just underlines how. 434 00:24:21,600 --> 00:24:25,240 There's a lack of long term thinking in the US establishment 435 00:24:25,240 --> 00:24:29,240 about a lot of things, but particularly about, you know, 436 00:24:29,480 --> 00:24:32,800 the dollar and how they respond to people wanting the dollar, 437 00:24:33,160 --> 00:24:35,480 the dollarization, etcetera, etcetera. 438 00:24:35,480 --> 00:24:39,520 So yeah, people need to think long and hard about how they can 439 00:24:39,640 --> 00:24:42,320 stay on top like they have for the past 50 years. 440 00:24:43,440 --> 00:24:45,080 And that requires a lot of effort. 441 00:24:45,160 --> 00:24:49,030 A lot of. Thoughtful kind of discourse 442 00:24:49,030 --> 00:24:52,230 around like, yeah, how do we get people to transact in dollars? 443 00:24:52,230 --> 00:24:54,070 How do we make sure everything is priced in dollars? 444 00:24:54,070 --> 00:24:56,550 Like for example in the oil market, everything is priced in 445 00:24:56,550 --> 00:24:59,510 dollars currently and it's kind of going to be, well, it is that 446 00:24:59,510 --> 00:25:02,030 that in the crypto markets. But that's why there's this kind 447 00:25:02,030 --> 00:25:06,510 of paradox in terms of the US government being anti or seeming 448 00:25:06,550 --> 00:25:09,870 to be empty crypto. I think that's confused a lot of 449 00:25:09,870 --> 00:25:14,510 people, myself included, because it seems like such an obvious 450 00:25:14,510 --> 00:25:17,990 win to make the whole. Digital asset landscape 451 00:25:18,390 --> 00:25:20,390 basically denominated in your own currency, why do? 452 00:25:20,830 --> 00:25:30,630 You guys think that the US is so publicly against crypto when in 453 00:25:30,630 --> 00:25:34,340 reality it would help? The dollar. 454 00:25:35,060 --> 00:25:40,580 The SEC is a pencil pusher in my opinion and he he's he has two 455 00:25:40,580 --> 00:25:44,700 narrow lens of this like he think he's too busy trying to 456 00:25:44,700 --> 00:25:47,940 make sure that people don't invest in unregulated securities 457 00:25:47,940 --> 00:25:51,340 he would call them instead of realizing that if you take a 458 00:25:51,340 --> 00:25:55,380 step back this is just a massive power play potentially for the 459 00:25:55,380 --> 00:25:59,780 US like you could instantly make a ton of different countries 460 00:25:59,820 --> 00:26:01,660 very very very reliant on the dollars. 461 00:26:02,090 --> 00:26:07,010 So and often they're enemies right like if you sit there and 462 00:26:07,010 --> 00:26:09,570 you look at a lot of the worst currencies in the world they're 463 00:26:09,570 --> 00:26:14,410 often like anti US. So the idea that suddenly 464 00:26:14,530 --> 00:26:18,570 populations around the world could instantly convert their 465 00:26:18,570 --> 00:26:22,530 savings of dollars which they've seen as much stable. 466 00:26:22,610 --> 00:26:27,250 So if I'm if I'm living in even in Russia up until all the 467 00:26:27,250 --> 00:26:30,250 recent sanctions sanctions like the the ruble had like a 468 00:26:30,290 --> 00:26:34,350 horrific period and a lot of people that own stable coins and 469 00:26:34,350 --> 00:26:36,990 suddenly then you realize that if I'm living in Russia and I 470 00:26:36,990 --> 00:26:39,950 have all my money in dollars, I kind of care what happens to the 471 00:26:39,950 --> 00:26:45,190 US So it's suddenly like you have quite a lot of you have 472 00:26:45,190 --> 00:26:47,910 quite a lot of power if you. I feel like chat. 473 00:26:48,030 --> 00:26:52,830 We should, you know, put our tinfoil hats on and we should 474 00:26:52,830 --> 00:26:57,750 just, you know, pontificate a little bit in the chat. 475 00:26:57,750 --> 00:27:00,150 We'll we'll move on. But I think, I think we're 476 00:27:00,150 --> 00:27:02,760 getting to something here. I think we're getting to 477 00:27:02,760 --> 00:27:05,840 something here. I think they are starting to 478 00:27:05,840 --> 00:27:08,720 realize it more and more and headlines like this will make it 479 00:27:08,840 --> 00:27:12,760 more obvious like if tether and if it continues on this rate, it 480 00:27:12,760 --> 00:27:17,240 probably will breaks into like the top 10 to 15 biggest owners 481 00:27:17,240 --> 00:27:18,200 of U.S. Treasuries. 482 00:27:18,720 --> 00:27:21,640 The US has got to have a relationship with crypto, a much 483 00:27:21,640 --> 00:27:23,640 bigger one, because if they suddenly turn around and say 484 00:27:23,640 --> 00:27:27,360 that, hey, tether, we're going to get rid of you, they're going 485 00:27:27,360 --> 00:27:31,090 to sell $72 billion worth of treasuries. 486 00:27:31,090 --> 00:27:32,890 And that could be into the hundreds of billions of this 487 00:27:32,890 --> 00:27:34,890 gross. So they're going to have to work 488 00:27:34,890 --> 00:27:38,370 out that they need to have, like if that was a country that was 489 00:27:38,370 --> 00:27:41,770 the 22nd biggest, they would have a relationship. the US 490 00:27:41,770 --> 00:27:43,370 would have a relationship with that country. 491 00:27:43,410 --> 00:27:47,690 Like we're pretty good ones. And as that goes up and higher 492 00:27:47,690 --> 00:27:50,210 and higher and higher, they're going to have to realize that 493 00:27:50,210 --> 00:27:53,150 this is important. And I think there was a really 494 00:27:53,150 --> 00:27:56,430 good piece in the Wall Street Journal I know you read, which 495 00:27:56,430 --> 00:28:00,870 was about the the, the, the future of the dollar and tied 496 00:28:00,870 --> 00:28:04,670 back to stable points. It was 2 weeks ago and it was, 497 00:28:05,670 --> 00:28:08,470 it was the first piece I've seen where I was like, I think people 498 00:28:08,470 --> 00:28:11,710 are going to start to realize that this is, this is a big deal 499 00:28:11,750 --> 00:28:14,470 and they were going off the Gensler for his for for what he 500 00:28:14,590 --> 00:28:16,390 what he did. So I think. 501 00:28:16,670 --> 00:28:21,100 I think it will. Yeah, because you know I I live 502 00:28:21,100 --> 00:28:25,620 in the UAE and here in the UAE you know the the government is 503 00:28:25,620 --> 00:28:31,460 very you know pro web three and and future tech like using this 504 00:28:31,460 --> 00:28:35,500 technology to like advance you know the economy or the people 505 00:28:35,500 --> 00:28:37,780 there. And you know, I've always just 506 00:28:37,780 --> 00:28:41,300 been like, what is going on, you know, with the US and also 507 00:28:41,300 --> 00:28:43,840 Canada as well? You know, really just North 508 00:28:43,840 --> 00:28:46,720 America in general. So very interesting. 509 00:28:46,720 --> 00:28:49,400 I shall do my own research and chat. 510 00:28:49,400 --> 00:28:53,160 I I think you should too and come back and we should you know 511 00:28:53,440 --> 00:28:56,880 pontificate together. Yeah, there's been some talk 512 00:28:56,880 --> 00:29:02,080 about the UAE cuz it's so pro crypto that like the what's the 513 00:29:02,080 --> 00:29:04,120 negative county theory? Is it you just? 514 00:29:04,440 --> 00:29:10,690 Drams, isn't it? Drams like that might be a 515 00:29:10,850 --> 00:29:13,450 pretty big stable coin in the space, but I just think the 516 00:29:13,450 --> 00:29:17,530 dollar's gonna be the big one and but if the US continues to 517 00:29:17,530 --> 00:29:21,970 be like this, another currency will be more pro crypto and 518 00:29:21,970 --> 00:29:27,610 you'll see power move that way. So they have a shot here in the 519 00:29:27,610 --> 00:29:28,610 US. I hope they don't fuck it up. 520 00:29:31,980 --> 00:29:34,540 Yeah, we'll go on to the the Third Point of the day. 521 00:29:34,540 --> 00:29:36,140 Just bring. Up. 522 00:29:36,140 --> 00:29:38,860 Can I just say before we start that my favorite comment from 523 00:29:38,860 --> 00:29:46,420 the chat so far is is cows just mando light as the bargaining 524 00:29:46,580 --> 00:29:52,340 I've ever I'm sounds like honestly that's a massive 525 00:29:52,340 --> 00:29:56,700 confluence. For me, I love that I'm taking. 526 00:29:56,780 --> 00:30:02,430 I might change my Twitter mind so just you can tell what our 527 00:30:02,430 --> 00:30:05,830 morning meetings are like. Yeah, this is what you said 528 00:30:06,350 --> 00:30:08,990 yesterday, another one of the Canary Labs morning meetings. 529 00:30:08,990 --> 00:30:14,550 At this stage anyway, the third headline today was that some 530 00:30:14,550 --> 00:30:20,020 Harvard professor decided that it would be a really good idea 531 00:30:20,020 --> 00:30:22,620 to tax introduce taxes in the Metaverse. 532 00:30:22,660 --> 00:30:24,700 I saw about 10 different articles about this. 533 00:30:24,700 --> 00:30:26,900 I think mainstream media is going to go crazy about it 534 00:30:26,900 --> 00:30:29,460 because whenever they see something about the Metaverse 535 00:30:29,460 --> 00:30:31,940 and some more FUD, they like to report about it. 536 00:30:31,940 --> 00:30:37,140 So taxes in the Metaverse, they are saying that it's going to be 537 00:30:38,220 --> 00:30:41,860 a place for a lot of black market exchange trading and a 538 00:30:41,860 --> 00:30:47,960 lot of untaxed capital gains could happen in the Metaverse. 539 00:30:47,960 --> 00:30:50,040 And that we're going to have to bring in some sort of 540 00:30:50,040 --> 00:30:53,360 transaction tax for every single trade that we do in the 541 00:30:53,360 --> 00:30:57,160 Metaverse for in order to make sure that we are regulatory 542 00:30:57,160 --> 00:30:59,840 compliant. I read this. 543 00:31:00,000 --> 00:31:03,440 I have to admit that I only put it in there because I think 544 00:31:03,440 --> 00:31:04,760 everyone's going to talk about it. 545 00:31:05,080 --> 00:31:08,880 But I didn't believe one word of what L this lady was saying. 546 00:31:09,820 --> 00:31:11,060 I don't think she really thought about. 547 00:31:11,100 --> 00:31:12,980 She like she didn't even know what the meth verse is. 548 00:31:12,980 --> 00:31:14,580 Because none of us and we're here. 549 00:31:14,620 --> 00:31:17,260 Every. Single day who's even who's even 550 00:31:17,260 --> 00:31:20,140 doing stuff in the meta verse right now I feel like we're just 551 00:31:20,140 --> 00:31:25,340 a little bit time away. I do think though as the Apple's 552 00:31:25,340 --> 00:31:29,940 Reality pro like the XR headset evolves that we will spend you 553 00:31:29,940 --> 00:31:34,140 know like this can be done in the meta verse in the future cuz 554 00:31:34,140 --> 00:31:36,860 like why not. But for right now, like, who's 555 00:31:36,860 --> 00:31:38,940 even chilling in there? And like, why are you trying to 556 00:31:38,940 --> 00:31:40,700 tax us everywhere? Sorry. 557 00:31:40,900 --> 00:31:43,060 No, it's like we're down bad enough, right? 558 00:31:43,060 --> 00:31:43,500 Like why? Why? 559 00:31:45,140 --> 00:31:49,060 Most people lose money. Bro, leave us alone. 560 00:31:51,060 --> 00:31:52,580 Sorry. Yeah. 561 00:31:52,580 --> 00:31:56,220 So she contends that Metaverse activities like trading virtual 562 00:31:56,220 --> 00:31:59,180 assets, selling digital products and providing services that mean 563 00:31:59,260 --> 00:32:00,980 standard definitions of taxable income. 564 00:32:02,440 --> 00:32:04,600 I mean it's just it's just like one of these scholarly papers 565 00:32:04,600 --> 00:32:06,240 that I think a lot of people are going to pick up on. 566 00:32:06,240 --> 00:32:10,000 But like does she know how down bad everyone is even in the 567 00:32:10,000 --> 00:32:11,880 metaverse? Like anyone who bought some 568 00:32:11,880 --> 00:32:16,800 metaverse land, I don't know other side sandbox, the central 569 00:32:16,800 --> 00:32:18,280 land, everything is down horrendously. 570 00:32:18,280 --> 00:32:20,800 I think about three people use the central land on a daily 571 00:32:20,800 --> 00:32:22,640 basis. I don't think it's much better 572 00:32:22,880 --> 00:32:25,440 on the sandbox. I don't really know why we need 573 00:32:25,440 --> 00:32:27,080 to now talk about taxing those people. 574 00:32:27,080 --> 00:32:28,920 Like, just let them live, you know, like. 575 00:32:29,810 --> 00:32:33,970 Like the people that I know. Yeah, the people that I know 576 00:32:33,970 --> 00:32:36,170 that are children into Central. And honestly, they're actually 577 00:32:36,170 --> 00:32:37,970 doing cool stuff. They're doing like a lot of 578 00:32:37,970 --> 00:32:40,690 like, DJ ING and just like music stuff. 579 00:32:40,930 --> 00:32:44,050 That's cool. Leave them alone, OK? 580 00:32:44,090 --> 00:32:47,290 It's all we have left. Like they're happy about it 581 00:32:47,410 --> 00:32:50,010 anyways. Yeah, no, on to the next. 582 00:32:50,090 --> 00:32:51,970 Yeah, they don't even know what the Metaverse is. 583 00:32:51,970 --> 00:32:54,170 I hate you know what I need to go back. 584 00:32:54,330 --> 00:32:56,950 LinkedIn. I need to go back to LinkedIn 585 00:32:57,110 --> 00:33:01,870 and I need to see all the chief Metaverse officers that that are 586 00:33:01,870 --> 00:33:05,270 like popping off now. They are sorry they were popping 587 00:33:05,270 --> 00:33:11,190 off like a year ago because they bought a board APR club in 2023. 588 00:33:12,030 --> 00:33:14,590 So it does seem like a pretty cool title, though if some big 589 00:33:14,590 --> 00:33:16,750 company said to you you're going to be our Chief Metaverse 590 00:33:16,750 --> 00:33:19,150 officer, you're like, yes, you're like, you know that you 591 00:33:19,230 --> 00:33:20,990 like. That sounds pretty cool. 592 00:33:21,070 --> 00:33:23,990 I'm going to go for it. But you realize a year later 593 00:33:23,990 --> 00:33:25,110 that you just sound like an idiot. 594 00:33:27,100 --> 00:33:29,060 All right, we'll move on from that, because I actually think 595 00:33:29,060 --> 00:33:30,820 that you're probably going to see that this is the headline, 596 00:33:30,820 --> 00:33:34,740 but this, you get about 3 lines into what's actually being said, 597 00:33:34,740 --> 00:33:36,580 and there's very, very little of value. 598 00:33:36,580 --> 00:33:39,380 I think being said. The next thing is to be watched 599 00:33:39,380 --> 00:33:44,540 out on Discord, because it looks like they are allowing secret 600 00:33:44,540 --> 00:33:49,580 links to be on Discord. Now Discord security is 601 00:33:49,580 --> 00:33:54,150 obviously been an issue for the entity space for a long long 602 00:33:54,150 --> 00:33:57,590 time. We are normally at the on the 603 00:33:57,590 --> 00:34:02,510 lower levels of protection and it now looks like they are going 604 00:34:02,510 --> 00:34:07,270 to make it even more difficult for crypto Bros I'm trying to 605 00:34:07,270 --> 00:34:13,790 find the there we go share it but it looks like you can hide 606 00:34:13,790 --> 00:34:16,550 links. So you see I'm sharing it now on 607 00:34:16,550 --> 00:34:20,350 screen, but somebody would have put open C dot I/O potentially 608 00:34:20,350 --> 00:34:23,230 as a link, but that could be actually not linked to that. 609 00:34:23,270 --> 00:34:27,909 It could be linked to wallet, drainer or some other, let's say 610 00:34:27,909 --> 00:34:30,150 a copycat site. We spoke about this with the 611 00:34:30,150 --> 00:34:32,510 file armor actually a couple weeks ago. 612 00:34:33,030 --> 00:34:38,070 So if you are clicking any link on this going forward, be 613 00:34:38,070 --> 00:34:42,510 incredibly careful. Incredibly careful even from 614 00:34:42,909 --> 00:34:46,190 team members, because often that's where some of these the 615 00:34:46,190 --> 00:34:51,420 worst hacks happen, where some member of the mod team gets SIM. 616 00:34:51,420 --> 00:34:54,179 Swap this one like that and they could easily post something like 617 00:34:54,179 --> 00:34:58,220 this, which looks like a completely normal link and it's 618 00:34:58,220 --> 00:35:01,220 gonna be gonna be a bad one. I don't know how many board 619 00:35:01,220 --> 00:35:03,420 eights are gonna be still on this way, but it feels as though 620 00:35:03,420 --> 00:35:07,260 we're gonna see another uptick. It's been quiet for a while, but 621 00:35:07,260 --> 00:35:09,180 it now looks like it could be in a bad spot. 622 00:35:11,310 --> 00:35:15,470 Can we just, like, should I just throw the phone, the computer, 623 00:35:15,470 --> 00:35:18,950 just everything out? Like, is there nowhere I can be 624 00:35:18,950 --> 00:35:20,270 sick? I can't even chill in the 625 00:35:20,270 --> 00:35:22,350 Metaverse anymore with my two friends. 626 00:35:22,590 --> 00:35:25,630 I can't even do anything. It's just like, you know what? 627 00:35:27,270 --> 00:35:28,950 I don't know. This is bad. 628 00:35:28,950 --> 00:35:33,150 It feels. Like it's an unneeded an 629 00:35:33,150 --> 00:35:35,430 unneeded upgrade, right? Like upgrade. 630 00:35:37,470 --> 00:35:41,270 And I don't understand the the motivation here from Discord's 631 00:35:41,270 --> 00:35:43,710 point of view, like the PM in charge of this. 632 00:35:44,270 --> 00:35:46,470 Just like why? Why? 633 00:35:46,550 --> 00:35:48,310 Yeah, we. Want we want to see like what's? 634 00:35:50,030 --> 00:35:53,270 The like rushing out for saying. They wanna have the NFT 635 00:35:53,310 --> 00:35:57,670 discords. Yeah, somebody who's not a I 636 00:35:57,670 --> 00:35:58,710 don't get it. I don't get it. 637 00:35:59,590 --> 00:36:01,830 I think they've realized that maybe their number one use case 638 00:36:01,830 --> 00:36:05,310 is to get scanned, so they are just leaning into that as the 639 00:36:05,310 --> 00:36:09,420 utility of Discord. I know you want this for Music 640 00:36:09,420 --> 00:36:11,820 Alley, Do you? Are you a big Discord person, 641 00:36:11,820 --> 00:36:16,420 Mika? You know, I've had my ups and 642 00:36:16,420 --> 00:36:18,900 downs with Discord. I've been using Discord since 643 00:36:18,900 --> 00:36:25,180 2018, but I just wanted to see what, you know, my ex at the 644 00:36:25,180 --> 00:36:28,420 time was like doing, so I had to like figure it out the hard way 645 00:36:28,660 --> 00:36:31,260 it was. It was not fun reading those 646 00:36:31,260 --> 00:36:33,540 chats. You know what? 647 00:36:33,740 --> 00:36:37,300 Stay away from the discords. No, I'm joking, but obviously I 648 00:36:37,300 --> 00:36:39,620 had to use it. It's just, I mean, it's super 649 00:36:39,620 --> 00:36:41,300 cool when you get in the flow of it. 650 00:36:41,300 --> 00:36:44,100 I feel like when you, when you start getting in the flow of the 651 00:36:44,100 --> 00:36:47,220 Discord world and you're just like, you know, chillin with the 652 00:36:47,220 --> 00:36:50,220 emotes and like the chat is hyped and like, you know and 653 00:36:50,220 --> 00:36:52,860 like the VCs like popping. Like you feel like you're 654 00:36:52,860 --> 00:36:55,300 immersed. Immersed in what should be the 655 00:36:55,300 --> 00:36:57,700 feeling of like the metaverse, You know, like that's where I 656 00:36:57,700 --> 00:37:00,420 feel like, oh, I'm like in, you know, this online world. 657 00:37:00,700 --> 00:37:02,260 But at the end of the day, it's just been. 658 00:37:02,580 --> 00:37:06,340 Absolute trouble. And it's just it's it's just 659 00:37:06,340 --> 00:37:09,020 hard. It's just I I see this update by 660 00:37:09,020 --> 00:37:11,940 Discord and I'm like whoever made this update literally just 661 00:37:11,940 --> 00:37:14,580 wants to like scam. Like they're just like perfect, 662 00:37:14,580 --> 00:37:18,220 like let me do this so that I could scam publicly like with no 663 00:37:18,300 --> 00:37:20,900 shame. It's just, yeah, I don't like 664 00:37:20,900 --> 00:37:22,660 it. I I hate Discord. 665 00:37:23,060 --> 00:37:26,580 I like, I just find it a very cumbersome way of communication. 666 00:37:26,740 --> 00:37:29,540 But like, I realize that the whole space is on Discord, so 667 00:37:29,540 --> 00:37:33,980 it's just one of those things. But at the same time, like this 668 00:37:33,980 --> 00:37:39,420 feels, this feels like either something they should repeal or 669 00:37:39,420 --> 00:37:41,380 they are just leaning very heavily into scamming. 670 00:37:41,500 --> 00:37:43,900 But yeah, we'll see what? They do probably increase the 671 00:37:43,900 --> 00:37:46,420 usage, right? Maybe. 672 00:37:46,820 --> 00:37:49,500 Yeah, maybe. Cameras definitely increase the 673 00:37:49,540 --> 00:37:53,880 users. I demand from the person that 674 00:37:53,880 --> 00:37:56,920 created this update, like I want to have a one-on-one with you 675 00:37:57,120 --> 00:37:58,320 and I'm gonna get it out with you. 676 00:37:58,360 --> 00:38:02,720 I'm putting the hat on and I'm saying that you just want to 677 00:38:02,720 --> 00:38:06,840 successfully run some scam situation because I see zero 678 00:38:06,840 --> 00:38:11,320 benefit like please anybody chat like if you use discord tell me 679 00:38:11,360 --> 00:38:15,480 what the benefit is of being able to hide or like change a 680 00:38:15,480 --> 00:38:17,320 link. Tell me. 681 00:38:17,320 --> 00:38:18,960 I don't think conspiracy theory guy. 682 00:38:19,980 --> 00:38:23,820 And I like that. Yeah, you think that it's an 683 00:38:23,820 --> 00:38:26,140 inside job. We don't actually allow links in 684 00:38:26,140 --> 00:38:30,740 the Dgens disco, which also encompasses Red Guy for this 685 00:38:30,740 --> 00:38:32,860 exact reason. In fact, if you post a link in 686 00:38:32,860 --> 00:38:35,500 the Dgens disco, you just get immediately destroyed by one of 687 00:38:35,500 --> 00:38:38,220 our bots. So maybe that's. 688 00:38:39,670 --> 00:38:42,630 Somebody said what if in chat, what if Discord is the Metaverse 689 00:38:42,630 --> 00:38:45,910 that we deserve go it is that's the only is we're. 690 00:38:46,750 --> 00:38:48,710 Alone. This is the man of us right 691 00:38:48,710 --> 00:38:50,390 here. So that's going to tax us for 692 00:38:50,390 --> 00:38:55,590 our for our conversation. I think just before we move on, 693 00:38:55,590 --> 00:38:58,670 let's let's do a call out. If you're the product manager at 694 00:38:58,670 --> 00:39:01,710 Discord, come on the show tomorrow and and answer for your 695 00:39:01,710 --> 00:39:04,230 crimes. Yeah, or or save your name 696 00:39:04,230 --> 00:39:08,370 because. Save my name and oh you know who 697 00:39:08,370 --> 00:39:09,530 he is. We'll get him on the show 698 00:39:09,530 --> 00:39:11,890 Mandal, that's good content. OK, I'm taking my head off and 699 00:39:11,890 --> 00:39:14,650 I'm bringing it back on when the Discord product manager comes in 700 00:39:14,810 --> 00:39:18,010 for his to save their his her. Doesn't matter. 701 00:39:18,010 --> 00:39:22,330 They name so I don't know if anyone works at discord right? 702 00:39:22,490 --> 00:39:25,530 Like I think it's like open C. It's like the box run Discord. 703 00:39:25,930 --> 00:39:30,130 No one's ever met them, right? I'm gonna move on to the next 704 00:39:30,130 --> 00:39:32,650 headline, which was a wild thread. 705 00:39:32,650 --> 00:39:38,590 I don't know if anyone saw this yesterday update on SPF in 706 00:39:38,590 --> 00:39:39,910 prison. Did you guys? 707 00:39:39,950 --> 00:39:43,150 Did you guys see this thread? Of course, this is one of my 708 00:39:43,510 --> 00:39:45,950 shout out to Autism Capital. This is one of my favorite 709 00:39:45,950 --> 00:39:48,710 Twitter accounts. Honestly, I on my honeymoon I 710 00:39:48,710 --> 00:39:51,230 was addicted. I was addicted to their threads 711 00:39:51,310 --> 00:39:53,330 because it was as. The whole thing was. 712 00:39:53,330 --> 00:39:56,770 On running sounded lit like he was talking to my mom saying for 713 00:39:56,770 --> 00:39:59,290 his honeymoon he went to Harry Potter world and he was also 714 00:39:59,290 --> 00:40:01,730 discussed. With you, With other people's 715 00:40:01,730 --> 00:40:03,850 mom. We got, we got through a lot, we 716 00:40:03,850 --> 00:40:05,730 got through a lot. I'll leave it at that straight 717 00:40:06,650 --> 00:40:09,690 chat. Anyways, what's happening here? 718 00:40:09,850 --> 00:40:14,130 What's So it looks? I mean this is a multi part 719 00:40:14,130 --> 00:40:16,970 thread so if you go onto awesome caps you'll find out. 720 00:40:17,490 --> 00:40:21,250 It looks like when he first went into prison they thought he was 721 00:40:21,250 --> 00:40:25,190 a child molester and he no one would accept him because 722 00:40:25,190 --> 00:40:27,070 obviously that's not a great thing to have a cellmate. 723 00:40:27,630 --> 00:40:29,510 He then seems to have been transferred. 724 00:40:29,950 --> 00:40:32,870 They said they finally moved into the 4th floor with the 725 00:40:32,950 --> 00:40:36,950 Asians. Obviously prison is often split 726 00:40:36,950 --> 00:40:40,630 up by race unfortunately, but he said he's hooked up with a gang 727 00:40:40,630 --> 00:40:43,510 from downtown Manhattan. They either protect him or 728 00:40:43,510 --> 00:40:45,990 extorting him. There's a thin mine in prison. 729 00:40:46,230 --> 00:40:48,790 He has been sitting on the floor with newspapers likely doing 730 00:40:48,790 --> 00:40:52,720 Sudokus. So yeah, it seems as though he's 731 00:40:52,720 --> 00:40:55,040 haven't had a tough start to a time in jail. 732 00:40:55,040 --> 00:40:58,880 He's now being protected or extorted by a gang it looks 733 00:40:58,880 --> 00:41:04,000 like, and doing Sudokus. They are saying that they go 734 00:41:04,000 --> 00:41:06,960 into detail here about what he should be doing in prison. 735 00:41:08,950 --> 00:41:12,350 Sam was unironically advised to listen to hip hop, shave his 736 00:41:12,350 --> 00:41:16,110 head, learn some Spanish, get in shape, learn how to play spades, 737 00:41:16,390 --> 00:41:18,230 to try and have a head start. But he didn't. 738 00:41:18,710 --> 00:41:21,550 But he didn't believe the suggestions reality had not set 739 00:41:21,550 --> 00:41:23,790 in yet. He has brushed it off as 740 00:41:23,790 --> 00:41:26,790 unnecessary. I'm looking forward to seeing 741 00:41:26,790 --> 00:41:30,230 the SBF prisoner because you've you've seen those photos of like 742 00:41:31,290 --> 00:41:33,650 like the multiple Spfs on the team. 743 00:41:33,650 --> 00:41:37,250 One of them is the Skinhead. I was looking forward to him. 744 00:41:37,410 --> 00:41:42,330 Skinhead tats everywhere. Maybe a couple of tears. 745 00:41:43,010 --> 00:41:46,090 Tear tats would be look good on SPF I think. 746 00:41:47,330 --> 00:41:54,090 But how long? How long is he sentenced for? 747 00:41:55,300 --> 00:41:57,980 So he's not sentenced yet He this is awaiting trial. 748 00:41:57,980 --> 00:42:00,300 He got put. He could put back in jail 749 00:42:00,740 --> 00:42:04,260 because he'd leaked some details to the New York Times. 750 00:42:04,380 --> 00:42:07,940 The New York Times did an article about Caroline Ellison 751 00:42:08,340 --> 00:42:11,620 who was the Co the Co conspirator in this whole fraud 752 00:42:12,500 --> 00:42:15,940 and they leaked some. He personally leaked some like 753 00:42:15,940 --> 00:42:20,060 personal chassis in him and and Caroline and then the judge was 754 00:42:20,060 --> 00:42:24,470 like, you can't do that. So they said, right, we're 755 00:42:24,510 --> 00:42:27,670 putting you in jail, no access to a computer, You're going 756 00:42:27,670 --> 00:42:29,870 straight to a maximum security. It's one of the worst jails in 757 00:42:29,870 --> 00:42:33,070 America. It's been a really, really, 758 00:42:33,070 --> 00:42:36,110 really bad one. He's now got access to his to 759 00:42:36,110 --> 00:42:39,910 his computer like 2 hours a day. But it's not looking good and to 760 00:42:39,910 --> 00:42:42,310 be honest, like it could go one of two ways. 761 00:42:42,310 --> 00:42:47,510 He has a computer in there because because they say he has 762 00:42:47,510 --> 00:42:51,480 to work on his defense. So he's been given some access 763 00:42:51,480 --> 00:42:53,720 to I think I think it's two hours a week but it's not it's 764 00:42:53,720 --> 00:42:55,360 not high. Like it's really not high 765 00:42:55,360 --> 00:42:58,040 because he had it. He had people thought he was the 766 00:42:58,040 --> 00:43:00,200 bold deployer for a while. Remember that rug that happened 767 00:43:00,200 --> 00:43:06,160 on rug that happened on base early on so he did. 768 00:43:06,360 --> 00:43:08,440 At that time he had access to A to a computer. 769 00:43:08,680 --> 00:43:13,720 Since then he he has had, he does not have access but yeah it 770 00:43:13,720 --> 00:43:18,920 looked recently like he might get a soft like a soft deal. 771 00:43:19,710 --> 00:43:22,590 There were some reports that he would escape the campaign 772 00:43:22,590 --> 00:43:26,110 financing charges which people said it could be politically 773 00:43:26,110 --> 00:43:29,790 motivated obviously was a massive donate donate donator to 774 00:43:30,070 --> 00:43:33,230 to political parties and there was some talk that he didn't get 775 00:43:33,230 --> 00:43:36,030 prostitute for that. The prosecution actually did go 776 00:43:36,030 --> 00:43:39,710 ahead with that in the end and people are saying it could be as 777 00:43:39,710 --> 00:43:42,310 little as you know he somehow manages to worm his way out of 778 00:43:42,310 --> 00:43:46,790 this and say that this is, you know, he did nothing wrong to it 779 00:43:46,790 --> 00:43:49,800 could be life and maybe multiple life sentences. 780 00:43:49,880 --> 00:43:54,320 But the amount that was lost here was was kind of made off 781 00:43:54,320 --> 00:44:00,960 levels of of of money. And it's you know I think what 782 00:44:00,960 --> 00:44:03,680 he did was really, really, really, really, really bad. 783 00:44:04,640 --> 00:44:06,440 Like he ruined a lot of people's lives. 784 00:44:07,360 --> 00:44:09,360 I think he should be a better way for life. 785 00:44:09,920 --> 00:44:14,000 He might find some technicality about why he thought his 786 00:44:14,120 --> 00:44:18,210 shipcoin that he popped out of like thin air should be worth 787 00:44:18,210 --> 00:44:20,650 multiple billions of dollars, but he's a smart person. 788 00:44:20,650 --> 00:44:22,330 I think he realized the game that he was playing. 789 00:44:23,290 --> 00:44:26,890 Do you think though, I just gotta do it for a second, 790 00:44:26,930 --> 00:44:29,970 unfortunately. But do you think that it's not 791 00:44:29,970 --> 00:44:33,610 even tinfoil, but it just helps the, you know, energy? 792 00:44:34,010 --> 00:44:39,770 Do you think that he was used by, you know, those political 793 00:44:39,770 --> 00:44:40,970 part? Like, I don't know. 794 00:44:40,970 --> 00:44:44,250 It's just like who it's either. He's just unwell. 795 00:44:44,620 --> 00:44:47,860 Or like, how do you get to this place anyway? 796 00:44:47,980 --> 00:44:50,380 I don't know. I just feel like sopped up. 797 00:44:51,340 --> 00:44:55,260 I thought he, I think he's just did a lot of fucking Adderall. 798 00:44:55,740 --> 00:44:58,460 I think he was like drugged off his mind and thought he was 799 00:44:58,460 --> 00:45:01,020 smarter than everyone. That's what I think. 800 00:45:01,260 --> 00:45:08,060 And I think he, he thought he could get it away with basically 801 00:45:08,060 --> 00:45:13,570 having much less money in the bank, like actual money than he 802 00:45:13,570 --> 00:45:15,450 needed to. And he thought it would, it 803 00:45:15,730 --> 00:45:17,250 would never come back and bite him. 804 00:45:17,530 --> 00:45:21,770 And then just a, you know, series of events meant that he, 805 00:45:22,210 --> 00:45:24,010 he got screwed and he got found out. 806 00:45:24,570 --> 00:45:28,250 And then he basically tried to claim that it was, you know, 807 00:45:28,250 --> 00:45:30,570 some sort of plot against him and all this sort of stuff. 808 00:45:30,570 --> 00:45:34,650 But I don't know what you feel Cali, but I think him, him, the 809 00:45:34,650 --> 00:45:38,970 majority of the FTX balance sheet when it went under or 810 00:45:38,970 --> 00:45:41,090 close to when it went under was it's their native token. 811 00:45:41,090 --> 00:45:45,290 It was this token called FTT which they just made and he 812 00:45:45,290 --> 00:45:47,970 thought that that was enough to just say she had customer 813 00:45:47,970 --> 00:45:50,210 deposits. And I just think that's. 814 00:45:50,610 --> 00:45:55,130 Where's Caroline at? Caroline, I believe, is 815 00:45:55,130 --> 00:45:59,170 blabbering. So she, I think, is already. 816 00:46:00,730 --> 00:46:03,650 I don't know if she'll get fully off, but she's definitely 817 00:46:03,650 --> 00:46:06,120 cooperating. I think you even sort of like in 818 00:46:06,120 --> 00:46:09,520 the week after FTX, she was like, spotted drinking coffee in 819 00:46:09,520 --> 00:46:10,760 New York. Yeah, because she was. 820 00:46:10,960 --> 00:46:14,640 Really like blabbering the to the authorities at that stage, 821 00:46:14,640 --> 00:46:16,040 so I think. She's she's. 822 00:46:16,040 --> 00:46:17,600 It was the local. Sorry. 823 00:46:17,720 --> 00:46:20,720 It was a local coffee shop around the corner from the 824 00:46:20,720 --> 00:46:23,600 Southern District in New York. Like Attorney General's office. 825 00:46:23,600 --> 00:46:26,040 i.e. Get straight, Get your get your 826 00:46:26,360 --> 00:46:29,120 vanilla latte, and get straight in for your plea deal. 827 00:46:29,440 --> 00:46:34,250 Happy days, yeah. But she there were rumors that 828 00:46:34,250 --> 00:46:37,050 she had escaped to Hong Kong or Dubai, but then the private jet 829 00:46:37,050 --> 00:46:39,770 like didn't make it or got turned around or whatever the 830 00:46:40,570 --> 00:46:42,890 remember, that's the kind remember rumors that were that 831 00:46:43,050 --> 00:46:46,570 were swirling. At that time, the rumors were 832 00:46:46,770 --> 00:46:49,410 crazy. Everyone was like a detective. 833 00:46:49,730 --> 00:46:52,850 I mean, didn't Nick and people go all the way to the Bahamas? 834 00:46:52,850 --> 00:46:54,050 That was fun. That was funny. 835 00:46:54,090 --> 00:46:55,730 Nick and Pier went to the Bahamas. 836 00:46:56,620 --> 00:46:58,980 I think people were tracking a plane all the way down to 837 00:46:58,980 --> 00:47:00,740 Argentina. Weren't there at one stage like, 838 00:47:01,540 --> 00:47:05,100 well, he'd he'd like got out on some sort of boat or plane and 839 00:47:05,980 --> 00:47:09,060 then then. Those and so that video from 840 00:47:09,220 --> 00:47:15,060 running around the the. People that lost their money is 841 00:47:15,060 --> 00:47:17,380 there. So they're they're never getting 842 00:47:17,380 --> 00:47:19,940 that back, are they? No, no, no, no, no, no. 843 00:47:20,980 --> 00:47:22,860 They might get back some of their money. 844 00:47:23,460 --> 00:47:26,500 We spoke about it yesterday, right, like they FTFTX has 845 00:47:26,500 --> 00:47:29,180 money. It has a lot of Solana, it has 846 00:47:29,380 --> 00:47:33,060 like some big point, it has some E but it is burning through a 847 00:47:33,060 --> 00:47:34,540 lot of money right now, legal fees. 848 00:47:34,540 --> 00:47:37,060 So they need to they need to come to some sort of resolution 849 00:47:37,060 --> 00:47:39,020 about what they're going to do forward. 850 00:47:39,420 --> 00:47:43,660 I think the last time I checked or something like this, the 851 00:47:43,660 --> 00:47:48,060 claims were trading at something like 50 or $0.60 on the dollar, 852 00:47:48,620 --> 00:47:52,430 which indicates that people would get around 60% of their 853 00:47:52,430 --> 00:47:55,870 money back. And that is also very highly 854 00:47:55,950 --> 00:47:59,070 geographically. There's big variations like if 855 00:47:59,070 --> 00:48:03,430 you were if you had a claim in FTXUS you might get a much 856 00:48:03,430 --> 00:48:07,950 higher return than a claim on FTX if it was outside the US 857 00:48:07,950 --> 00:48:11,870 because the FTXUS arm is actually slightly better Clash 858 00:48:11,910 --> 00:48:15,270 allies than ever else. So we'll wait to see, but 859 00:48:15,270 --> 00:48:17,030 hopefully that does get resolved soon. 860 00:48:18,150 --> 00:48:22,200 I mean, Mount Cox is still not the funds from Al Gogh still 861 00:48:22,200 --> 00:48:26,800 haven't been returned to people and that happened in 2013 maybe, 862 00:48:27,080 --> 00:48:31,320 maybe, maybe around that time. So we could be here for years, 863 00:48:32,440 --> 00:48:35,600 which? It would kind of crazy to see 864 00:48:35,600 --> 00:48:39,360 actually how little people understood about, you know, 865 00:48:39,560 --> 00:48:42,640 their assets and and where they were, where they were putting 866 00:48:42,640 --> 00:48:45,280 their assets. I think it was like a big wake 867 00:48:45,280 --> 00:48:48,720 up call for a lot of the people obviously in the industry when 868 00:48:48,720 --> 00:48:51,480 they realized oh when you put money or you leave money in a 869 00:48:51,480 --> 00:48:54,880 centralized exchange it's not your keys not your not your 870 00:48:54,880 --> 00:48:57,160 crypto. And that was that was really 871 00:48:57,160 --> 00:48:59,800 interesting to see. I mean it was heartbreaking for 872 00:48:59,800 --> 00:49:03,240 for those that were affected but it was a really big like whoa 873 00:49:03,240 --> 00:49:06,720 pinched to wake up and and it's sad that people had to learn 874 00:49:06,720 --> 00:49:09,680 that way. You know I I. 875 00:49:10,110 --> 00:49:12,150 Yeah, it's sad that people had to learn that way, but it 876 00:49:12,150 --> 00:49:15,870 definitely was a big learning experience for a lot of people 877 00:49:16,190 --> 00:49:18,350 and even with banks in general as well. 878 00:49:19,430 --> 00:49:22,750 You know, the banks collapsing and stuff if you put into the 879 00:49:22,750 --> 00:49:25,590 context as well, like SPF was the golden child. 880 00:49:25,830 --> 00:49:28,030 Like people hated him, but at the same time, but he was seen 881 00:49:28,030 --> 00:49:29,910 as like the smartest person in crypto. 882 00:49:29,910 --> 00:49:34,590 He was seen as you know he was the face of crypto for a lot of 883 00:49:34,590 --> 00:49:38,220 people for many, many, many months. 884 00:49:38,260 --> 00:49:42,780 So it would have it was that's I think what caught a lot of 885 00:49:42,780 --> 00:49:45,020 people off guard. It's like FDX would never come 886 00:49:45,020 --> 00:49:46,780 under. Like it's you know they they 887 00:49:46,860 --> 00:49:50,620 fucking sponsor the FDX arena like they're not going under 888 00:49:50,620 --> 00:49:53,020 that that they're going to be fine and then suddenly this 889 00:49:53,060 --> 00:49:55,900 stuff happens which is it's not repercussions to this day. 890 00:49:55,900 --> 00:49:59,300 I have a cousin who is in Bahamas right now. 891 00:49:59,540 --> 00:50:01,820 Kelly as he knows there's a little bit about him and we can 892 00:50:01,820 --> 00:50:03,260 maybe get into that at a different time. 893 00:50:03,660 --> 00:50:09,150 But the But he says that, like if you even mentioned crypto in 894 00:50:09,150 --> 00:50:14,710 the Bahamas, everyone's just like, no, no, like we. 895 00:50:14,830 --> 00:50:18,150 It's just massive red. Fact Anything crypto related. 896 00:50:18,150 --> 00:50:20,750 And I'm sure that's the case around that whole region, Like 897 00:50:20,750 --> 00:50:23,350 people just got burned so badly it's gonna leave a mark for 898 00:50:23,390 --> 00:50:26,910 years. Yeah. 899 00:50:26,910 --> 00:50:32,430 Anyway, we will move on to the to the final man of minutes 900 00:50:32,830 --> 00:50:37,260 segment which was Rafiq Annado Faroka. 901 00:50:37,260 --> 00:50:42,620 She sent something in the chat about he's in Korea right now. 902 00:50:42,980 --> 00:50:46,620 He's put a 10 meter by 10 meter Rafiq piece in the chat which 903 00:50:46,620 --> 00:50:52,060 looked like insane but his his he's on fire at the moment. 904 00:50:52,060 --> 00:50:54,780 I don't know if you've seen recently but he's he's he has 905 00:50:54,780 --> 00:51:00,260 now done the let me just bring up bring up the Rafiq things. 906 00:51:03,010 --> 00:51:04,650 He's done the sphere in Las Vegas. 907 00:51:06,330 --> 00:51:10,010 You see that huge which is just. I thought that was broken from 908 00:51:10,010 --> 00:51:13,250 rainwater like it was from a little waterproof. 909 00:51:14,130 --> 00:51:16,450 It was for a little bit, and now it looks like it's gonna be. 910 00:51:16,850 --> 00:51:22,860 It was fixed and his his recent collection which is called the 911 00:51:23,140 --> 00:51:26,420 The Winds of Yanawama. I think it's they're called. 912 00:51:26,900 --> 00:51:33,900 Yeah it's now reached Yana ya one hour at the high of of nine. 913 00:51:34,580 --> 00:51:41,020 These only came in in in in July I believe they came out. 914 00:51:41,020 --> 00:51:49,990 I'm just gonna get it up. Yeah, Mint price 2.5 E 2.5 E It 915 00:51:49,990 --> 00:51:52,710 was long time we we knew about this meant before it happened, 916 00:51:52,710 --> 00:51:54,870 right, Kelly? It was alongside the House of 917 00:51:54,870 --> 00:51:59,790 Fine Art. Yeah, OSF was exhibited with 918 00:51:59,790 --> 00:52:04,630 those guys and we you know those guys really well and I think 919 00:52:04,630 --> 00:52:07,310 this was look this, it was one of those things where I think 920 00:52:07,310 --> 00:52:11,990 they have a really established brand in the in the fine art 921 00:52:11,990 --> 00:52:16,070 world and that enabled them to kind of work with. 922 00:52:16,890 --> 00:52:21,490 They also have are involved in a bunch of, they're very close 923 00:52:21,490 --> 00:52:24,370 with a couple of nightclubs and and and event spaces. 924 00:52:24,370 --> 00:52:26,970 So they have like a physical minting process I think. 925 00:52:27,850 --> 00:52:30,810 And that really kind of got a lot of people involved and 926 00:52:30,810 --> 00:52:33,850 interested in it, who maybe wouldn't have been if it was 927 00:52:33,850 --> 00:52:38,370 just like a normal Discord or Twitter kind of based project, I 928 00:52:38,370 --> 00:52:42,030 think. I mean, yeah, we haven't seen 929 00:52:42,030 --> 00:52:46,190 anything do like a solid 3X in a month post mint for a long time. 930 00:52:46,550 --> 00:52:50,150 And I think this, this cements that kind of fine art narrative, 931 00:52:50,270 --> 00:52:54,550 fine art, breaking away from PFP's as an asset class and as 932 00:52:54,550 --> 00:52:57,350 something that interests people. You know, it doesn't have to 933 00:52:57,350 --> 00:52:59,030 have utility. You don't need to be in a 934 00:52:59,030 --> 00:53:01,350 community all interested in the same thing. 935 00:53:01,350 --> 00:53:03,910 There's lots of different art pieces that everyone can be 936 00:53:03,910 --> 00:53:07,230 involved with. So I think this is just another 937 00:53:07,230 --> 00:53:10,510 kind of. What's right phrase kind of 938 00:53:11,350 --> 00:53:14,550 stepping stone for the for art moving away and breaking free of 939 00:53:14,550 --> 00:53:18,150 the kind of PFP craze and the PFP prices that are languishing 940 00:53:19,510 --> 00:53:21,190 as they have been over the past kind of month or two. 941 00:53:22,150 --> 00:53:26,150 Look at these like this is the sort of thing that you had it on 942 00:53:27,990 --> 00:53:33,630 a proper like digital frame in your house that is epic. 943 00:53:33,630 --> 00:53:36,950 Imagine having that in like your main, your main room or 944 00:53:36,950 --> 00:53:39,770 something like that they this looks so cool to me. 945 00:53:41,530 --> 00:53:44,410 And I think that's that's why people get it. 946 00:53:44,410 --> 00:53:47,010 Like a lot of digital art, people look at it and think, 947 00:53:47,970 --> 00:53:50,890 would I have this up in my home? Like, is there a need for this 948 00:53:50,890 --> 00:53:53,370 to even be digital? And whereas this, there's none 949 00:53:53,370 --> 00:53:55,490 of those questions, you're just like, Oh my God, this is so 950 00:53:55,490 --> 00:53:58,970 cool. Like the movement and the color 951 00:53:58,970 --> 00:54:03,050 and the kind of it creates a feeling in you of like, whoa, 952 00:54:03,050 --> 00:54:06,980 that's really kind of. Not like things I'm used to 953 00:54:06,980 --> 00:54:09,940 looking at and like it's otherworldly almost. 954 00:54:10,620 --> 00:54:14,780 And I think that reaction and that kind of sense of amazement 955 00:54:14,780 --> 00:54:18,100 is what is why people stand in front of it at the Museum of 956 00:54:18,100 --> 00:54:20,580 Modern Art for for hours at a time or whatever. 957 00:54:21,580 --> 00:54:24,580 I think the one thing which he's done really well, which I think 958 00:54:24,580 --> 00:54:29,940 is very hard with this kind of 3D genre of digital art, is he 959 00:54:29,940 --> 00:54:32,830 is. Found a very unique style and 960 00:54:32,830 --> 00:54:34,990 made it his own. Like you can look at pieces and 961 00:54:34,990 --> 00:54:36,550 think yeah that's a that's a Rafiq. 962 00:54:36,790 --> 00:54:40,830 Whereas with a lot of digital art you maybe don't necessarily 963 00:54:40,830 --> 00:54:44,190 get that it's not immediately identifiable like xcopy is 1 964 00:54:44,190 --> 00:54:46,990 where it is very immediately identifiable as well. 965 00:54:47,270 --> 00:54:50,190 But Rafiq has carved out a little segment of his because 966 00:54:50,190 --> 00:54:55,430 there are a lot of 3D kind of render artists, but there's 967 00:54:55,430 --> 00:54:57,110 something about these which are just. 968 00:54:57,870 --> 00:55:00,670 Very individualistic, evoke a reaction and you immediately 969 00:55:00,670 --> 00:55:02,910 know it's a Rafiq. And that's a really powerful 970 00:55:03,270 --> 00:55:08,910 kind of trifecta of of, yeah, emotive art I think. 971 00:55:09,790 --> 00:55:13,230 Yeah, I would agree like this, this, this style is something 972 00:55:13,230 --> 00:55:14,590 that he's been doing for a while. 973 00:55:14,590 --> 00:55:18,870 But he's had another collection of share this as well which is 974 00:55:18,870 --> 00:55:21,430 called Synthetic Dreams. This has been around since 975 00:55:21,510 --> 00:55:27,730 November 2021 and this is also done like a a 2X I think in in 976 00:55:27,730 --> 00:55:34,010 the last few days. But yeah this went from trading 977 00:55:34,010 --> 00:55:38,210 at 1.7 now it's at 2.5. But he has a few another 978 00:55:38,210 --> 00:55:39,530 collection this synthetic things. 979 00:55:39,530 --> 00:55:41,850 This is also like a really cool collection if you go into the 980 00:55:41,850 --> 00:55:47,250 some of these pieces but I just think he's he's I think he could 981 00:55:47,250 --> 00:55:51,010 be the biggest artist alongside X copy of the whole space. 982 00:55:52,170 --> 00:55:57,650 He's clearly got the most, the most mainstream appeal. 983 00:55:57,650 --> 00:56:02,410 Like he's he teaches in California, he he has 984 00:56:03,050 --> 00:56:08,210 exhibitions all over the world and they just get bigger and 985 00:56:08,210 --> 00:56:10,730 bigger and bigger and bigger. I've had him on the show a few 986 00:56:10,730 --> 00:56:15,690 times, but it does feel as though if you're going to pay 987 00:56:15,690 --> 00:56:19,130 attention to one artist going mainstream in the space, it's 988 00:56:19,130 --> 00:56:22,050 going to have to be him. He's just going to be everywhere 989 00:56:22,050 --> 00:56:27,550 I think for the foreseeable future and he's so passionate 990 00:56:27,550 --> 00:56:29,390 about the space too. Whenever we get him on the show 991 00:56:29,390 --> 00:56:35,110 he's just he has he just he clearly is a is a is in love 992 00:56:35,110 --> 00:56:38,830 with with a I and with NFTS as well. 993 00:56:38,830 --> 00:56:41,870 So I think it's going to be an interesting feature for him. 994 00:56:42,110 --> 00:56:44,470 Well I guess only reason I bring that up Kelly is because I think 995 00:56:44,470 --> 00:56:48,710 he he probably although this has been his his style I think he 996 00:56:48,910 --> 00:56:50,950 hopefully he'll try lots of different cool stuff in the 997 00:56:50,950 --> 00:56:55,120 space in that intersection between a I and art so we could 998 00:56:55,200 --> 00:56:58,520 we could see a lot more from. Yeah, I'd agree. 999 00:56:59,480 --> 00:57:01,840 And the other thing to point out is that doesn't have to be like 1000 00:57:01,840 --> 00:57:04,640 it's not Highlander where there has to only be one. 1001 00:57:04,640 --> 00:57:07,400 Like there can be a lot of big artists like in the modern art 1002 00:57:07,400 --> 00:57:10,040 movement or the classic art movement, there's always there's 1003 00:57:10,040 --> 00:57:12,800 not just one, there's multiple, which people like. 1004 00:57:12,800 --> 00:57:16,280 And often, if you have contrasting and contradicting 1005 00:57:16,280 --> 00:57:18,840 styles that are kind of like vying for people's attention, I 1006 00:57:18,840 --> 00:57:23,120 think that's a good thing. What do you think, Nick? 1007 00:57:23,120 --> 00:57:24,320 Are you gonna try and buy one of these? 1008 00:57:25,490 --> 00:57:28,370 I I really like that the the first piece and how I was 1009 00:57:28,370 --> 00:57:31,090 changing, I actually got lost in it a little bit and it makes me 1010 00:57:31,090 --> 00:57:35,010 excited like I want to hear this good news about artists just 1011 00:57:35,330 --> 00:57:37,330 like you know, I like that you're like oh there was a two 1012 00:57:37,330 --> 00:57:40,890 acts like like we need to make it more about art and tech and 1013 00:57:40,890 --> 00:57:44,010 get again because we are in this like digital renaissance. 1014 00:57:44,010 --> 00:57:46,530 So I'm all for it. I love it. 1015 00:57:46,610 --> 00:57:50,170 I love it. I I want to make it a space that 1016 00:57:50,170 --> 00:57:51,930 artists can can continue to come. 1017 00:57:51,930 --> 00:57:54,250 I think they got a little bit scared and I don't blame them. 1018 00:57:54,250 --> 00:57:57,810 You know, like it used to be a place where you can come and 1019 00:57:57,810 --> 00:58:01,130 talk about your artwork and then like feel kind of safe with it. 1020 00:58:01,130 --> 00:58:03,850 You had other people helping you out and we used to like applaud, 1021 00:58:04,370 --> 00:58:08,610 you know, people for making a meta mask and uploading their 1022 00:58:08,610 --> 00:58:09,970 work. And we used to think it was like 1023 00:58:09,970 --> 00:58:13,370 so cool and so amazing of that artist and now we're just like, 1024 00:58:13,410 --> 00:58:18,940 OK, whatever, you know, and. And and that really affected our 1025 00:58:18,940 --> 00:58:21,940 space. So calling all artists come back 1026 00:58:21,940 --> 00:58:25,820 and and you know, I like seeing people that are successful with, 1027 00:58:26,620 --> 00:58:29,380 you know, uploading their artwork and using NFT 1028 00:58:29,380 --> 00:58:31,100 technologies. So I'm happy. 1029 00:58:33,260 --> 00:58:37,420 OK, well, I think that's that is the, that is the summation for 1030 00:58:37,420 --> 00:58:38,580 today. And there's a couple of more 1031 00:58:38,580 --> 00:58:40,580 headlines which I know you saw that India wants to try and 1032 00:58:40,580 --> 00:58:43,460 change its name, which I thought was pretty funny in the macro. 1033 00:58:43,460 --> 00:58:46,180 What are they gonna call bricks? What are they gonna call bricks? 1034 00:58:46,340 --> 00:58:48,460 Cuz they just wanna change it to Barack, right? 1035 00:58:48,780 --> 00:58:51,100 So then it will be for Brick, for Brooks. 1036 00:58:51,740 --> 00:58:53,140 Is that the first thing you thought? 1037 00:58:53,300 --> 00:58:57,260 Just it ruins the big bricks. I think it's pretty big a deal 1038 00:58:57,620 --> 00:59:00,620 to try and change their name, which I thought was kind of 1039 00:59:00,620 --> 00:59:02,860 nuts. A European country did this 1040 00:59:02,860 --> 00:59:04,860 quite recently, right? Czech Republic. 1041 00:59:07,340 --> 00:59:11,090 The name Czech Republic. And now they've changed it from 1042 00:59:11,130 --> 00:59:14,930 Czech Republic to check Checker. I think Checker Okay. 1043 00:59:15,050 --> 00:59:18,650 I mean that feels like a much smaller difference than changing 1044 00:59:18,650 --> 00:59:22,410 India to Barat. But yeah, we'll wait to see what 1045 00:59:22,410 --> 00:59:25,330 happens there. And the other headline which I 1046 00:59:25,330 --> 00:59:27,290 saw, which I thought was interesting particularly for you 1047 00:59:27,290 --> 00:59:31,530 Mika, is that UAE might look to you guys gambling, which I just 1048 00:59:31,530 --> 00:59:37,700 didn't think was even on the cart, but which would be pretty 1049 00:59:37,700 --> 00:59:43,140 wild because obviously a lot of stuff is against Sharia law 1050 00:59:43,380 --> 00:59:45,740 seemingly. I know, I know, UAE is not a 1051 00:59:45,740 --> 00:59:47,980 strange. Stuff, but like legalizing 1052 00:59:47,980 --> 00:59:49,340 gambling. I didn't think it was going to 1053 00:59:49,340 --> 00:59:56,180 be on the cars, but it looks like says here the Gulf nation 1054 00:59:56,260 --> 01:00:00,060 should start establish a new governmental body for regulating 1055 01:00:00,060 --> 01:00:02,340 the industry late Sunday. So. 1056 01:00:02,420 --> 01:00:05,870 I think, yeah, I was. I was chatting to somebody in 1057 01:00:05,870 --> 01:00:10,950 the know and I think it will be like a Macau esque thing where 1058 01:00:10,950 --> 01:00:13,350 it's not on the mainland but it might be on the islands or 1059 01:00:13,350 --> 01:00:17,350 whatever the man made island. Just the palm. 1060 01:00:17,350 --> 01:00:19,630 Just the Palm is it? Well, there are a few, right. 1061 01:00:19,630 --> 01:00:20,790 There are a few different islands. 1062 01:00:20,830 --> 01:00:23,630 There's the Palm, there's the world, there's they're building 1063 01:00:23,630 --> 01:00:27,030 a lot more. So I think at first it's going 1064 01:00:27,030 --> 01:00:29,390 to be based around that and then move it from there because as 1065 01:00:29,390 --> 01:00:33,670 you said, it's yes. So quite compatible with Islamic 1066 01:00:33,670 --> 01:00:35,380 world I believe. Yeah, I know. 1067 01:00:35,380 --> 01:00:39,220 But I think so with Dubai specifically, they want to make 1068 01:00:39,220 --> 01:00:44,540 it a place that, you know, it's it's like tourist friendly and 1069 01:00:44,540 --> 01:00:46,260 that like, you know, I think there's a lot of like 1070 01:00:46,260 --> 01:00:48,300 misconception. And when it comes to Dubai, like 1071 01:00:48,300 --> 01:00:51,140 a lot of people ask me like, how does it feel to be like a woman 1072 01:00:51,140 --> 01:00:52,700 there? And I'm like, honestly, I get 1073 01:00:52,700 --> 01:00:55,440 like. Expected more there than I do in 1074 01:00:55,440 --> 01:00:59,160 North America, you know. So I think like people have it a 1075 01:00:59,160 --> 01:01:03,160 little bit twisted and there I think they want to make it a fun 1076 01:01:03,160 --> 01:01:07,720 place that everybody can come and you know, go see shows and 1077 01:01:07,720 --> 01:01:11,280 do things like you could drink alcohol there and and and do 1078 01:01:11,280 --> 01:01:14,040 stuff. You know, there's obviously the 1079 01:01:14,040 --> 01:01:16,960 locals you know don't participate in in some things, 1080 01:01:16,960 --> 01:01:20,150 but. It's still open, like half of, 1081 01:01:20,270 --> 01:01:23,150 you know, I think 80% or so. Again, don't quote me on the 1082 01:01:23,150 --> 01:01:26,190 percentage because it's all in the top of my head, but a large 1083 01:01:26,190 --> 01:01:28,990 percent of Dubai is actually expats. 1084 01:01:29,110 --> 01:01:32,790 So it's people from all over the world, you know, coming in. 1085 01:01:32,790 --> 01:01:36,940 They do make it. A friendly place for people to 1086 01:01:36,940 --> 01:01:40,700 come and open up businesses and and stuff like that. 1087 01:01:40,700 --> 01:01:44,380 So I think that it's cool with the with the gambling, I think 1088 01:01:44,380 --> 01:01:46,740 that will be that will be fun. Yeah. 1089 01:01:46,860 --> 01:01:50,180 Why not. And also the Palm is in Dubai, 1090 01:01:50,220 --> 01:01:57,220 so it's just like you know. Yeah, yeah. 1091 01:01:57,790 --> 01:01:59,110 Yeah, there's some big casinos, right? 1092 01:01:59,110 --> 01:02:02,190 There's a big hotel. Sorry, in on the Palm, so like 1093 01:02:02,190 --> 01:02:04,390 massive ones. So yeah, maybe they'll maybe 1094 01:02:04,390 --> 01:02:09,430 they'll make it there. Small and you know like it's 1095 01:02:09,470 --> 01:02:11,510 it's in for. For those that don't know, it's 1096 01:02:11,550 --> 01:02:15,830 in the United Arab Emirates, so the UAE and there's other cities 1097 01:02:15,830 --> 01:02:18,950 that are more strict or have like different, you know, the 1098 01:02:18,950 --> 01:02:20,990 other other Emirates that are run differently. 1099 01:02:20,990 --> 01:02:25,750 But Dubai is known to be the most, you know, like open and 1100 01:02:25,750 --> 01:02:29,040 you can. Yeah, do stuff. 1101 01:02:29,200 --> 01:02:32,400 But definitely before you go check, check out the laws so 1102 01:02:32,400 --> 01:02:35,440 that you know you know maybe get in trouble. 1103 01:02:36,120 --> 01:02:39,320 I I always tell people like make sure you check what's what's 1104 01:02:39,320 --> 01:02:40,600 going on. I think we should do that if 1105 01:02:40,600 --> 01:02:43,680 you're traveling regardless. I mean there's laws like that we 1106 01:02:43,680 --> 01:02:46,760 don't understand let's say as N Americans going to like Thailand 1107 01:02:46,760 --> 01:02:50,320 or you know these these other places and I see people getting 1108 01:02:50,320 --> 01:02:52,520 into some trouble. So just be careful before you go 1109 01:02:52,520 --> 01:02:54,400 somewhere. Do your research on on that 1110 01:02:54,400 --> 01:02:57,390 place but. But yeah, I'm I'm excited for 1111 01:02:57,390 --> 01:03:03,230 that some more more activities to do recently I I I found the 1112 01:03:03,230 --> 01:03:05,590 pleasure and and some blackjack fun. 1113 01:03:05,710 --> 01:03:13,190 But anyways, just for fun. Well, I'm famously a highly 1114 01:03:13,190 --> 01:03:15,550 successful blackjack player, as Mando knows. 1115 01:03:16,270 --> 01:03:20,470 We've lost every, we've lost all of our like every time I've gone 1116 01:03:20,590 --> 01:03:22,950 with cars in it, like not the sum, all of it. 1117 01:03:24,050 --> 01:03:28,170 And he keeps on going home. It's because the casino has 1118 01:03:28,170 --> 01:03:33,810 different rules and his way of winning is like if somehow 1119 01:03:33,810 --> 01:03:36,050 cheated him out the money. I'm just like, no, you just 1120 01:03:36,050 --> 01:03:39,410 don't have a system to make money well. 1121 01:03:39,850 --> 01:03:42,310 Money. Actually, that's not true. 1122 01:03:42,310 --> 01:03:43,830 But anyway, that's for another show. 1123 01:03:43,950 --> 01:03:47,590 I think I was just going to add, I was just going to add that 1124 01:03:47,590 --> 01:03:50,310 this law change might be in time for them to be in the next day's 1125 01:03:50,310 --> 01:03:53,150 Bond movie, because there's always a casino in James Bond 1126 01:03:53,150 --> 01:03:55,430 films. Recently it was Macau. 1127 01:03:55,430 --> 01:03:57,270 Before that it was somewhere else. 1128 01:03:57,950 --> 01:03:59,390 Maybe that's like a play. Yeah. 1129 01:04:02,270 --> 01:04:04,030 That would be cool. That would be cool. 1130 01:04:04,110 --> 01:04:07,150 I know that they want to make like the movie scene more and 1131 01:04:07,150 --> 01:04:09,270 more bumping. And I know Mission Impossible. 1132 01:04:09,470 --> 01:04:11,760 I mean, you had. You had Tom. 1133 01:04:11,760 --> 01:04:13,120 Cruise the rolling. Bird. 1134 01:04:14,200 --> 01:04:15,320 Pretty crazy. I don't know. 1135 01:04:15,320 --> 01:04:19,440 It's a big building. But yeah, no, you're gonna come. 1136 01:04:19,440 --> 01:04:21,480 You're gonna go to the casino with my grandma. 1137 01:04:21,480 --> 01:04:24,720 It's gonna be great. So me you grandma. 1138 01:04:26,000 --> 01:04:27,960 To be clear, it's not, it's not happened just yet. 1139 01:04:27,960 --> 01:04:29,760 They've just set up a regulatory body for it, so. 1140 01:04:29,760 --> 01:04:32,080 It can be. So don't go there and just 1141 01:04:32,240 --> 01:04:34,880 basically start gambling like it's yeah, like. 1142 01:04:36,280 --> 01:04:38,300 Okay. That's it for today. 1143 01:04:38,300 --> 01:04:41,500 Then I think again, we've done the five or six top things. 1144 01:04:42,020 --> 01:04:45,780 We will be back tomorrow, same time. 1145 01:04:45,780 --> 01:04:47,260 These are only about an hour question. 1146 01:04:47,260 --> 01:04:49,060 We're just gonna log over Simpson in order to. 1147 01:04:49,620 --> 01:04:52,300 But yeah, just every an hour long new format new. 1148 01:04:53,640 --> 01:04:56,160 Maybe replace the other Co hosts if this is needed to be a 1149 01:04:56,160 --> 01:04:59,400 success. Thank you again Kraken for 1150 01:04:59,400 --> 01:05:01,400 sponsoring today's show. They're gonna be our sponsor 1151 01:05:01,400 --> 01:05:02,880 throughout the whole month. Go check them out. 1152 01:05:03,440 --> 01:05:05,440 As we said, we're big cracking people here. 1153 01:05:06,160 --> 01:05:07,920 Anyway, thanks a lot guys. Thanks cows. 1154 01:05:07,920 --> 01:05:09,720 Thanks Mika. Really appreciate it. 1155 01:05:10,600 --> 01:05:12,320 Kraken gives me wings. Sorry.