0:01

Hey, chat GPT, what should we talk about

0:03

on bad crypto today? Hold

0:05

on to your digital wallets, folks. A

0:07

crypto thief has pulled a Robinhood returning over

0:09

$71 million in wrapped Bitcoin. Meanwhile,

0:14

the government's got tether in its sights, and

0:16

Binance has gone full on Big Brother with

0:18

its new surveillance tech. The crypto

0:21

markets are playing the waiting game, but is it

0:23

the calm before the rocket-fueled storm? Let

0:25

us know in the comments below. As we dive

0:27

into all the latest shenanigans, mishaps, and breaking news

0:30

in the wild world of Bitcoin, crypto, and blockchain

0:32

on this bad news episode number 726. Don't

0:36

miss it. 5, 4, 3, 2,

0:38

1, 2, 3, 2, 1, 2,

0:40

1, 2, 1, 2, 1, 2,

0:43

1, 2, 1, 2, 1, 2,

0:45

1, 2, 1, 2, 1, 2,

0:47

1, 2, 1, 2, 1, 2, 1, 2, 1,

0:49

2, 1, 2, 1, 2, 1, 2, 1, 2,

0:51

1, 2, 1, 2, 1, 2, 1, 2, 1,

0:54

2, 1, 2, 1, 1,

0:56

2, 1, 2, 1, 2, 2, 1, 1, 2,

0:58

1, 2, 1, 2, 1, 2, 1, 2, 1,

1:00

2, 1, 2, 1, 2, 1, 2, 1, 2,

1:02

1, The

1:06

new OpenAI Update. GPT-4.0

1:10

is out and we decided to give it

1:12

a spin here writing the teaser, and I

1:15

like original intelligence. Better, Trev, what do you think?

1:19

Well, I mean, we are the very first

1:21

crypto podcast to use the brand new

1:23

OpenAI model in our podcast teaser. So

1:25

let's, we're going to put that on

1:27

our resume. Always pioneering,

1:29

always first to the table,

1:31

mostly because we're hungry and

1:33

we're getting a sandwich,

1:36

bitch. I need a sandwich. It's

1:39

the bad crypto podcast. The show for the

1:41

crypto curious, the crypto serious, Lord Travis Wright,

1:43

Sir, Lord Travis Wright, rather. Sorry. I

1:46

respect you, sir. In

1:48

Kansas city, Sir, Lord Joel, calm

1:50

on the beautiful tropical island

1:52

of Puerto Rico, bringing

1:55

you this week's news.

1:59

I don't know if I. I don't know how to break

2:01

this to you, but I've almost leveled up

2:03

to count. I'm almost count Travis. Right. So

2:06

starting to your lagging behind. You

2:09

haven't, you haven't gotten enough royalty points. Where

2:11

does it go? Is it, is it sir

2:13

Lord count then? I think it's like it's

2:16

the third Lord count. You

2:18

just drop off the previous one, sir.

2:20

Count Lord. Then it's Duke by God.

2:22

That is count Duke. And

2:25

eventually King. I

2:27

mean, we're all work together. That

2:29

shall be true. Right.

2:32

To go back to the boat. Guess

2:37

the coin get go. What does it

2:39

have to say here as we refresh

2:41

this week, timestamping the 13th of

2:44

May, 3 52 PM Eastern

2:46

standard time. The total crypto market cap sitting at 2.4

2:48

to $3 trillion. Bitcoin

2:51

just over 63,063 and $34 Ethereum 29 53 BNB 594

2:53

Solana 148 and change XRP 50

3:04

cents ton coin at 7 27

3:06

and back in the top 10

3:08

is Doge coin at 15 cents

3:10

is meme season

3:13

nine. Good, sir. Yes,

3:16

it does. It does appear as if

3:18

that might be the case. Duff it

3:20

also. Pm. Well, I mean, we're going

3:22

to talk about this in a little bit, but roaring Kitty

3:24

has gotten back in the meme game

3:26

or so. It's like, you know, he was like,

3:29

dude, you help blow up GameStop back in the

3:31

day. And so he tweeted for the first time

3:33

in like three years. And so meme

3:35

coin season could be nice. So

3:37

some up some down for the

3:39

week. Chilly and Pepe

3:41

and a cash render Thor change

3:44

Ron all up this week. Some

3:46

of them also down. Take a

3:48

look at the top 100 coin get

3:50

go to to figure it out. But

3:53

coin actually has had another project come

3:55

out called not point, which is ton

3:57

backwards and a lot of big hubbub

3:59

about that. that trending on on

4:01

the Twitters and I was like good lord

4:03

what is this and so it's it's not coin so

4:07

that was great so the thing is

4:09

on top of the telegrams coins now

4:11

not aware of any hub or bub

4:13

involved in that and checking

4:15

out the the Greed and Fear index

4:18

it is definitely a little down I

4:20

think it was down from last week

4:22

we were a little greedier last week

4:24

sitting at 57 yeah 68

4:27

this time last week 57 right

4:30

now people a little little scared

4:32

a little shaky they're not certain

4:34

where things are going bitcoin dominance

4:36

at 51 percent well

4:38

I tell you what it seems like whenever it's

4:41

super greedy like if my intuition

4:43

was like oh my god it says extreme

4:45

greed I should probably sell some and

4:47

I didn't and though but my my

4:50

intuition was like oh man I should do this

4:52

and it's like listen to your intuition sometimes Travis

4:54

you know what that's really one of the reasons

4:56

why it's like I think that you know trying

4:59

to figure out how to do research

5:01

on this you really got to put

5:03

in some some intelligence some some

5:05

AI behind it and that was one thing I

5:07

was thinking about and I was like dude like

5:09

because if I'm just looking at I go oh

5:11

this looks good but you really need some strong

5:14

data behind it and you know

5:16

this is really one key indicator right here

5:18

it's like they feed the fear and greed

5:20

index keeping an eye on that

5:22

thing because dude whenever before they had when

5:24

the ETFs came out and when all that

5:26

money was pouring in dude it was like

5:28

extreme extreme greed you're going yeah it is

5:31

but always it feels like oh but we're

5:33

going higher and we will but it's just

5:35

we're in that we're in that what one

5:37

person I saw on twitter called the

5:40

boring phase after the halving where bitcoin will

5:42

lull you and then all of a sudden

5:44

it'll do its thing and this lasts about

5:46

three months sometimes six months and then it

5:48

pops so this is a

5:51

totally different bull run cycle though from what we've

5:53

seen before I don't know I'm kind

5:55

of bored right now with where bitcoin is it's just kind

5:57

of you know it's kind of mad we're sitting below the

5:59

altar high. It's playing around 59 to 64.

6:01

This about

6:07

a thief that stole a

6:10

lot of Bitcoin and guess what?

6:13

This guy has returned

6:15

71 million dollars of

6:18

this. The story is that

6:20

they don't know who he

6:22

was but he returned 71

6:25

million dollars worth of Ethereum after

6:27

many blockchain investigation firms were looking

6:29

into it and I think you

6:32

know what? I don't want to

6:34

go to jail over this. I'm gonna

6:36

send it back. He

6:41

was also doing the crypto clench. Yeah

6:43

this was... Oh no! Look on Chain

6:45

and Slomaz. Oh man they're saying it was

6:47

from Hong Kong. Oh man. Oh my

6:50

god and it was such big news

6:52

like whenever that thing dropped like all

6:54

it was all over Twitter. Oh 68

6:56

million dollars stolen. Everyone was looking

6:59

into that and so that dude was like yeah

7:01

you know he's probably bagged other

7:03

people with it as well but nobody's

7:05

paying attention to the 1 million, 2

7:07

million dollar scams at that point. 68

7:09

million dollars that's a big flub though

7:11

and so he was like oh

7:14

yeah sphincters clench. Yeah

7:16

I'm gonna go ahead and send that money

7:18

back. So he... 150 wallets is where

7:22

it ended up before he

7:27

returned the assets and you know blockchain doesn't lie.

7:29

We can see all everything that

7:31

happened right here where it came from or what

7:33

wallets it went back to and

7:36

good on him

7:39

for first sending

7:41

the money back. Real bad

7:43

when people get ripped off. That's a

7:45

lot of Bitcoin to lose. Oh my

7:47

god. Yeah it's nice the guy got

7:49

it back. That's friendly that the guy's got it

7:51

back but seriously though I mean... Check

7:54

Your wallets People. Just Because the first

7:56

characters and the last characters in your

7:58

Ethereum wallet are correct. That had

8:00

a guy got it. He created a

8:02

wallet with those the same and then

8:04

something in the middle was different. something

8:06

that you wouldn't normally detective. You just

8:08

click copy on your madame masque as

8:10

it doesn't show you the whole thing.

8:12

And how often do you actually check

8:14

the whole entire address? Your. Area

8:16

where they really need to have a better

8:19

function to be able to see more than

8:21

just the last for the first for I

8:23

mean because of their able to go any

8:25

create custom walls that look like that one

8:27

but they're just change in the middle one

8:29

either. You know how you can create a

8:31

custom wallet address but I don't know that

8:33

you can. I think that you could just

8:35

create as many a theory mudras as as

8:37

you want though. just click you know. Go.

8:39

Go. go until you find one that matters.

8:41

Yeah, and then you have. You're right. You

8:43

get your bait right there. You could be

8:45

a master baiter. With

8:48

up so volatility in as the

8:50

a bitcoin market as always it

8:52

is now. ah worth less than

8:54

Tesla and in video it's fall

8:57

and for a bit. but of

8:59

course people you know we look

9:01

at us and we go. Of

9:03

course this has to happen And

9:05

dumb we have. Significant

9:08

boron coming up ahead, People predicting

9:10

one hundred to one hundred and

9:12

fifty thousand on this particular bull

9:15

run. Hundred. And fifty has been my.

9:17

Go. To number ever since we're at

9:19

the bottom when we're at fifteen, I'm

9:21

like right? We're going to Ten X

9:23

from here, but there are some who

9:25

are predicting much higher. and with the

9:28

currencies fiat currencies of the world struggling

9:30

effect I just saw something before we

9:32

started that does the Canadian banks is

9:34

put out a thing that some other

9:36

banks could be in trouble. Of

9:39

talker be a problem because

9:41

of the economy. or yeah,

9:43

because be a currency and

9:46

because their prime minister's a

9:48

total douche bag idiot. They're

9:50

destroying their economy. Dislike us,

9:52

is destroying universe. You

9:54

know this thing as speaking of the

9:56

Arab Prime Minister of Canada? Justin Trudeau.

9:58

Ah, just the other day, Scrolling through

10:00

and I saw that Tucker Carlson had

10:02

did an interview with Kyle Camper. I

10:04

saw that refer a friend of the

10:06

show and that he is a true

10:08

those half brother writing at the same

10:10

mom. And the mom back in

10:13

the day they were swingers heavily and

10:15

so the theory is that cat that

10:17

that to those actually Castro son and

10:19

if you look at pictures of Castro

10:21

before when when he was young very

10:23

much resembles. Justin. And

10:25

I saw that that's like the lots of

10:27

baby daddies, apparently with Margaret. Trudeau

10:30

butter interesting to see him on a very

10:32

well spoken talking about it it was as

10:35

the risk he was dressed like eat you

10:37

know that you hit he end. Up

10:40

bro bro himself a can both sag

10:43

look like they can be brother sometimes

10:45

all may when you check their parents

10:47

and him having similar in a that

10:49

was he was worried kennedy sir to

10:52

by the way my humble opinion just

10:54

signed his own. Sentence.

10:56

For obscurity. After what he did

10:58

on twitter this week did you

11:00

see that the interview Abortion Yeah

11:02

He was asked about abortion and

11:04

and he said and i quote

11:06

a up and just fell time.

11:09

So. Well just am white man.

11:11

My god. Also baby the I know that's

11:13

a whole baby and so what that means

11:16

is now there's no doubt who is taking

11:18

votes from my whenever you have a third

11:20

party that has some attention. Question is which

11:22

party it's does he take boats from? Ain't

11:25

taken from Trump with the cockpits like that

11:27

And exactly this. I gotta say this is

11:29

A and say it, it's crazy. So I'm.

11:32

The. Other day now and political to my go

11:34

ahead with is dead. But. As

11:36

reason I'm going to have been good. New.

11:38

Jersey had over a hundred thousand Trump's

11:40

supporters. It is is that the official

11:42

count on me I'd looked at it

11:44

is that it was no are a

11:47

hundred thousand people are that is. admit

11:49

minimal of them. You know mainstream media

11:51

said Ali was only forty thousand. Yeah,

11:53

only forty thousand people. Like eating the

11:55

lateral have gone on Trump get a

11:57

hundred thousand. People. To.

11:59

Come. I don't even know where was.

12:01

it wasn't a main area right was like it

12:03

was like it is. I get obscure malaria and

12:06

then. The. President or buy them.

12:08

He has his problem. Five hundred people

12:10

in the city and hear it from

12:12

his Trump get and part thousand people

12:14

out. Outskirts. Of cities right?

12:16

And so my thought on this was the

12:18

sad truth on this was is that. The.

12:21

Deep state run and out off since it's

12:23

almost like they're gonna doesn't at it's gonna

12:25

be crazy Que three is gonna be nuts.

12:27

I would not be surprised that they they

12:30

say our last option is to make him

12:32

a martyr alla J F K what a

12:34

war or they did the you know the

12:36

playbook for last time if people will you

12:38

know fall into compliance again old there's a

12:41

new virus ever be logged out, an email

12:43

and ballot have with max got a minion

12:45

is now paying with the new. Bird.

12:47

Flu and it's of they're going to start

12:49

killing off a bunch of animals because our

12:52

that that such as we're to watch this

12:54

I'm what ways do they have laughed. And

12:56

ironically, if they asked, trump. Then.

12:59

People like Rfk Junior because and ago they

13:01

will my wants biden. They've already seen what

13:04

that's like. So. Is this is

13:06

really crazy to see what's going

13:08

on on this thing? Man it

13:10

is indeed. And speaking of government,

13:12

we have stories about the government

13:14

and block chain and crypto. There's

13:17

one the state representative from New

13:19

Hampshire who has a is looking

13:21

at five percent investments in a

13:23

bitcoin eat yes for the Rainy

13:25

Day fund or the government and

13:27

I think that that's that's what's

13:29

gonna happen. We're going to start

13:32

seeing just like we've had: governments

13:34

and businesses. You know

13:36

have in their portfolio Bitcoin.

13:38

This. Is the next step is

13:40

organ start seeing states go. Hey,

13:43

maybe we should have a little

13:45

better this year just in case

13:47

guys the right here in New

13:49

Hampshire had put just five percent.

13:51

Of. His ninety three million dollars in two

13:53

thousand succeed in the bitcoin. That. Would

13:56

be worth nearly a half a billion dollars

13:58

Now could you imagine of actual Gov. Instead

14:00

of spending and going and all

14:02

this debt, they actually had a

14:04

plan in place. Like. I

14:06

mean, we know that. You. A lot of

14:09

people don't know, but I mean Facebook, him

14:11

and Google we're We're basically C I A

14:13

V C that funded those things and it's

14:15

almost like if the government will get in

14:18

the proceeds to something really big projects like.

14:20

Well. They're already person I'm So why

14:23

doesn't the government get some of those proceeds

14:25

instead? It all comes back to the taxpayers

14:27

and having to pay. On. Texas

14:29

now. There's a really interesting

14:31

video. By. The President

14:33

of El Salvadoran overcome an unknown El

14:35

Salvador story. Come on up here. but

14:38

talking about how the Fed really worth

14:40

like the government is. Basically they print

14:42

money, but the Federal Reserve borrows bombs

14:44

from the treasury. Oh and then they

14:46

print those. imprint those it. So as

14:48

is this huge game of Britain money

14:50

which we know how it works but

14:53

a lot of the norm. He still

14:55

don't understand how paper money gets created

14:57

and I saw another chart that showed

14:59

from Nineteen Seventy One. Whenever they did

15:01

got rid of. Bretton Woods or whatever

15:03

they have that access to the dollar

15:05

off a gold like we had less

15:08

than a trillion dollars in debt from

15:10

It was like from eighteen hundred. Seventy.

15:12

Some all the way up to ninety

15:14

seventy, want less than a trillion hours

15:17

And that, and then here we are

15:19

Now I'm thirty Five trillion dollars And

15:21

debt in this huge hockey sick. Doesn't.

15:23

Say I gotta have all. That.

15:25

Does it is not sustainable. By.

15:28

The Way: or we didn't talk

15:30

about this last week, but there

15:32

was a video that went viral

15:35

on Twitter on socials. That's or

15:37

Trump. Had an event at Marla

15:39

ago and he announced that he

15:42

is looking at crypto and that

15:44

the campaign is taking donations in

15:46

crypto which is Huge. And then

15:48

I just saw this story on

15:51

Crypto.news Trump taps Bitcoin Magazine C

15:53

E O to draft Day One

15:55

Crypto policy. So odd. That's David.

15:58

bailey is the big magazine

16:01

CEO and he's

16:03

saying yeah we're working

16:07

with the Trump campaign to develop their

16:09

Bitcoin and crypto policy agenda and they want him

16:11

to sign an executive

16:13

order on day one of term number

16:17

two. So this is great because he said

16:20

at Mar-a-Lago if you're pro crypto you'll

16:23

support me because the other guys want to

16:25

squash it. It's so true. I'm so glad

16:28

that he's come around on this. I mean

16:30

the dollar is the gold

16:33

standard of paper money. And

16:36

so you know this I think that is a

16:38

pretty big calling card to it

16:40

because you know we know the Democrats

16:43

at this point want to implement CBDCs.

16:45

They want to track everything. They want

16:47

that 15 minute city like

16:49

you can't travel outside of a certain area. This

16:51

is not conspiracy theories folks. These are what they've

16:53

said. This is really where they want to head

16:55

things. And I saw

16:58

a video too of Build Back Better. Yeah

17:00

because they're losing control of their narrative and

17:02

so they need to build back better by

17:04

tearing it all down so they build it

17:06

in their vision. So hopefully that doesn't occur.

17:08

Hopefully you know the thing is some other

17:10

you know some other people were talking about

17:12

in the in the government in

17:15

congress about like look all this

17:17

stuff you guys are doing anti crypto.

17:19

It's killing innovations within this key space. And

17:21

now look look at you know open

17:23

AI and all these other things. They're going

17:26

to be communicating in micro transactions of crypto.

17:28

It's not going to be so you got

17:31

all this money flowing in and AI but

17:33

you're not spending any money doing

17:35

any innovations around crypto. That doesn't make any

17:37

sense. Joel Com. Midiets

17:40

running the show. Many of them weren't even

17:42

mid-level. I mean it's crazy the people that

17:45

they've put in charge of stuff. And

17:48

anyway Bitcoin miners Are

17:51

having a hard time. The Difficulty

17:53

has slumped in the last week,

17:55

showing the biggest decline since Crypto

17:57

winter. so you know, lower costs

18:00

minors out there are taking precedent

18:02

which mean hey my big time.

18:04

If you thought about mining, then

18:06

they get out there and and

18:09

start mining. If you think that

18:11

the Sats are gonna go up.

18:13

My. That. Ah it's one

18:16

of the things to it's like historically

18:18

always be do a having the price

18:20

ends up going out because. For. The

18:22

minors it has to be profitable enough for

18:24

them and if the price is too low

18:26

like of the price went down to you

18:29

know two thousand and seventeen and you know

18:31

era times I was is not profitable enough

18:33

for them to do it. I get this

18:35

costs too much money especially with inflation it

18:37

so. You know that's why mining

18:39

is and why do you think that

18:41

mine he has taken off quite a

18:43

bit. Also with these that with the

18:45

fees that the miners are getting from

18:47

Bitcoin runes right after that after that

18:49

is happen it's I were seen a

18:51

lot more people building on top of

18:53

Bitcoins all our because of some of

18:55

the fear that's happening around a Theory

18:58

M and some of the other big

19:00

block chain that the government is saying

19:02

that they are you know potentially securities

19:04

so more more people are are the

19:06

are leaving it theory him and coming

19:08

into Bitcoin. To build on top of that, we're

19:10

seeing it. In real time. Or

19:13

El Salvador who of course got

19:15

into the became the first country to

19:17

adopt the coin is a legal tender

19:19

back gun. Twenty Twenty One. Hard to

19:22

believe it's almost three years already since

19:24

it happened. Now has over fifty seven

19:26

hundred bitcoins and they're being very

19:28

public whether treasury they're letting people monitor

19:31

or everything that they have what the

19:33

holdings are which currently stands at three

19:35

hundred and sixty million dollars every day.

19:38

Just like Bouquet Li said he was,

19:40

they buy a big every single

19:42

day. And over the past week

19:44

they spend four hundred thirty thousand and

19:47

does that. You could watch it happen

19:49

right there on the on their website

19:51

of is linked to the actual. Website.

19:54

The know you but book

19:57

Kaylee portfolio tracker. The. Hidden

19:59

Pop said. Karen's is. All.

20:01

Appearance you are a third is naive

20:03

tracker. Dot. Com they are. Watch

20:05

it. In a in real

20:07

time. As. Bitcoin goes up.

20:10

Bitcoin. Goes down. Software

20:13

is rather making their purchases. They just make an

20:15

old one purchase of one Bitcoin every single day.

20:17

Up Up Up Up Up and my mom bought.

20:19

As a little values pop and ah, that's nice.

20:23

Can. Be very wealthy country. They

20:25

can be very, very happy in

20:27

El Salvador, or as you mentioned,

20:30

the Us government playing their little

20:32

games is now going after Tether.

20:34

Brad Garlinghouse, who was a guest

20:37

on the show almost seven years

20:39

ago, is saying that he thinks

20:41

tether a super important and he

20:44

has no doubt that the government

20:46

is going after them now. And

20:48

who knows what that happens if

20:51

the government steps in the way

20:53

of the you know this. This

20:55

huge stable coin. You

20:58

know who was it that was that mentioned.

21:01

oh we have that one guy who came

21:03

on it was me with the city ctl

21:05

of tether a sub that it came on

21:07

the show zoc about some of the stuff

21:09

and then I realize that I urge all

21:12

cats right? Now. He's a

21:14

seat know by x rp of her.

21:16

Yeah yeah what to do? A follow

21:18

Paulo are doing. Man. Good

21:20

memories are just for not bad for

21:22

an old man. how I know and

21:25

so you know you as D C

21:27

was the one as more preferred be

21:29

surprising they're more tight end as some.

21:32

To. Some people little wink, wink, nudge not.

21:34

I don't know, I don't know. Ah,

21:36

what's going on a semi with that?

21:39

But it seems like you as the

21:41

D is not the one that is

21:43

loved as much as you as D

21:45

C is. And so Garlinghouse also said

21:47

that the you know the U S

21:50

regulatory actions against others unclear, but it's

21:52

likely to significantly impact the crypto markets.

21:54

If that happens because they think about

21:56

that, I got. his if

21:59

it's time one one. That's

22:01

not a security. It seemed

22:03

to me that a tether would be a commodity. It's

22:08

tied exactly to a dollar. It's pegged to a

22:10

dollar. Circle,

22:12

USDC, that should be a

22:14

commodity. You're not

22:16

making money, but I think it at least

22:19

needs to be tied in. You need to

22:21

be able to have provable backups that say,

22:23

hey, we have this much of money, this

22:25

much crypto backing up, this much tether. If

22:28

it gets to the point like the

22:30

government does and they could just print tether out of

22:32

thin air, that would be a huge problem. That's

22:35

kind of what they do. Fortunately, there

22:38

are those who are speaking out against

22:41

this gentleman named Steven

22:44

Nuryoff has slammed the US SEC's

22:46

crypto stance, calling for clarity and

22:48

innovation. He's a former advisor to

22:50

the Ethereum network and now has

22:53

a very public voice and

22:55

is very critical towards none other

22:57

than Chairman Gary Gensler. I'm surprised

22:59

there are not more calls for

23:01

him to retire at this point.

23:03

He's done such a horrible job.

23:06

Well, think about this, Joel. I mean,

23:10

Gen Z and millennials,

23:12

I mean, and even the new one

23:15

behind it, they love crypto and they want

23:17

to try to activate these younger voters. If

23:19

you want to come in and you're going

23:21

to say, no, crypto's done. That's

23:24

going to be a big problem for those

23:26

old cooters up there in the

23:29

capital. It's like you're trying to activate these

23:31

young voters and get them on your side,

23:33

but then you're saying, hey, you're the means

23:35

you like to trade in. You like meme

23:38

coins. They love them. They love

23:40

them. Who doesn't love a hilarious meme

23:42

coin? You see the Dogecoin

23:44

popped off ridiculously, right? And Pepe

23:46

and all his bonk and these

23:48

other ones. Aside from that

23:50

crypto in general, the youngsters,

23:53

they be loving it, sirlords.com. It's be there a

23:55

thing. Like, and you're going to try to take

23:57

that. They don't give a shit about the stock

23:59

market. unless they're gaming it like

24:01

a game stop, they don't give a

24:03

shit! It's

24:06

true, they do not

24:08

and cryptos are definitely the future

24:10

and the next generation wants to

24:13

adopt them. Meanwhile over at Binance,

24:15

remember they did this 4.3

24:18

billion dollar settlement with the US Department

24:20

of Justice and part of it was

24:22

that in the settlement

24:24

that they would allow two agencies

24:26

to appoint compliance monitors and they

24:29

would agree that the Department of

24:31

Justice could monitor their operations for

24:33

three years in FinCEN for five.

24:35

So what does that mean? It

24:38

means now they are surveilling, the US

24:40

government is surveilling just

24:42

about every crypto trade that

24:44

takes place on Binance.

24:48

Yeah but it's not Binance.us, it's

24:50

Binance, all Binance. Why would the

24:52

US government need to pay, why

24:54

would they need to be monitoring

24:56

all of the transactions

24:59

on binance.com because none of

25:01

the customers on binance.com are

25:03

US based citizens. Because

25:05

they are nosy. So

25:08

crazy to what's going on with

25:10

that. So you know crypto surveillance, they got an

25:12

eye on it, they can just watch the blockchain.

25:14

They don't necessarily have to watch everything else, they

25:16

could just see it but I don't

25:18

know dude. So don't be a bad actor,

25:21

it's a moral story, don't do stupid things.

25:24

Meanwhile we have senators from each

25:26

party that are questioning the money

25:28

transmitter laws that are being used

25:31

against crypto mixers like Samurai Wallet

25:33

and Tornado Cash. Cynthia Loomis who

25:35

is a Republican, Rod Wyden, who

25:38

is a Democrat, they're saying hey Mr.

25:41

Attorney General, you're

25:43

approaching crypto mixing services completely wrong.

25:45

They're saying that Tornado Cash and

25:48

others are not money transmitters and

25:51

that the Treasury Department's views

25:53

on transmitters already point this

25:55

out. So the US Government

25:59

is just... Going crazy. It's

26:01

it's government gone wild. They.

26:03

We're losing control efforts, they laugh at

26:05

you, then they come after you're right,

26:07

it was was an elite and then

26:09

they dance with. Yeah. And

26:11

then you could do a great and

26:14

you say fuck you. Some,

26:17

I guess, but I'm actually Gandhi. That's or

26:20

Gandhi said exact timing of it as a

26:22

Director of Nominee Hillary and her way to

26:24

question Vita. a brilliant crypto mixing services. They

26:26

don't like those at all because it's like

26:28

here comes the wallet and it gets mixed

26:30

route and ago that you don't know what

26:33

that money was. So if that scammer who

26:35

took that sixty eight million or seventy one

26:37

million or whatever the value of was mixed

26:39

it all up and and Sen. Att Alla.

26:41

I mean they were trying to send it all

26:43

over to different addresses and a senator? one Hundred

26:46

and fifty. But like if you're mixing is up

26:48

through some of these protocols that it in in,

26:50

it's supposed to hide it. So. I

26:52

could see was were, you know the Department of

26:54

Justice might be freaked out about some of that

26:57

type of stuff, but they're not just gone after

26:59

that ago. Never all kinds of crypto anything that's.

27:01

With in of digital they hate.

27:04

No. Idea though, I get off my

27:06

lawn stay on my fiance on.

27:08

Nope. not going to happen. So

27:11

you mentioned Game Stop and she

27:13

is a predecessor to the Crypto

27:15

Stay were in a cover. Just

27:17

to point out that game stop

27:19

itself is rocketing up right now.

27:21

and if you were sort game

27:23

Stop or just today on Monday

27:25

which says again May thirteenth the

27:27

shorts have lost over a billion

27:29

dollars in game stop largely because

27:32

of worrying Kitty this is the

27:34

the person. That dog came

27:36

back to day or yes, he

27:38

inserted tweed and meme came back

27:40

and maybe this person started tweeting

27:43

or whatever and so people started

27:45

buying games. Stop again because dates

27:47

the like The stand. It was

27:49

as high as one hundred and

27:52

ten percent up. so the source

27:54

got eaten alive in stock market.

27:57

Or. also there's a mean point

27:59

on so long called GameStop GME

28:02

and I think popped up 1900% as well

28:04

and so you know Roaring

28:09

Kitty are also known as

28:11

DeepFuckingValue also known I

28:13

think as Keith or Kevin Gill. Keith Gill.

28:15

Keith Gill yeah that's the dude's

28:17

name but he disappeared after

28:20

he made he made he turned oh

28:22

there's a story on Netflix about this

28:24

guy right yeah I don't remember what it's

28:26

called but this you should probably be able to Google

28:28

it but it was very fascinating talking about this dude's

28:31

story and it basically mapped

28:33

out exactly what happened he put his

28:35

life savings into GameStop

28:37

and had diamond hands baby

28:40

and and now here we

28:42

are and they're already pausing the trades

28:44

on GameStop again here we go again

28:46

we've certainly seen this story before Joel.

28:49

Nine times they pause the traders but

28:51

couldn't stop it from going where it

28:53

was going what happens next no

28:56

frickin idea but it's it's

28:58

fun to watch back over. He

29:00

just came in and had a little meme

29:02

where he's like and then he's sitting up

29:05

and that was all he did like okay

29:07

here we go time to buy the stonk

29:10

so on the other side of the world Chinese workers

29:12

are being paid in the pilot

29:14

program of China's CBDC but guess

29:16

what they're cashing out they don't

29:18

want to hold on to this digital

29:20

one they want to have fiat

29:23

currency which they know is

29:25

usable and they're concerned you

29:28

know about how the digital

29:30

currency is actually gonna work

29:32

so most are converting to

29:34

cash right away. Yeah we

29:37

don't want your stinking CBDC you

29:39

guys so yeah they're

29:41

basically just trading it in for the

29:44

dollar dollar bills and so yeah they

29:46

want to have a virtually cashless society and

29:48

I would say this though they mostly do

29:50

because of WeChat and

29:53

everything is digital there right they

29:55

literally they connect your bank account

29:57

to WeChat the government monitors WeChat

30:00

So there was an amazing Video

30:04

on we chat and how

30:06

the tentacles of we chat it

30:09

was like magnate media on on

30:11

YouTube So a couple years ago

30:13

just talking about and then any

30:15

company that does business with in

30:18

China with China Then they have

30:20

to basically give their data to

30:22

the government the government so they can monitor it That's

30:25

why tick-tock's not so great when they get on

30:27

your phone Because they basically

30:29

can monitor all the keystrokes and stuff that

30:31

you do. So tick-tock's really not great At

30:34

least I don't have it on my phone I don't have it on a

30:36

device that I use regularly But yeah,

30:39

they're not trust It just shows that they

30:41

don't trust CBDC either they try to get

30:43

out of them as quick as possible and

30:45

especially Joel The problem I see with these

30:48

CBDC is like it's programmable. It's programmable in

30:50

the worst kind of way, right? Like hey,

30:52

it's programmable money. Yay Well, it's horrible when

30:54

they say you got to spend all your

30:56

money by March, you know, May 30th and

30:58

we lose it You can't spend

31:00

it Outside this 15 mile

31:03

radius or you can't use it, right?

31:05

There's so many things that you can't

31:07

do if you so that's that's the

31:09

future they want Expired

31:12

money that has an expiration date like oh

31:14

my god, that's like a that's like a

31:17

fascist wet dream in it Very

31:21

wet so dreamy So,

31:24

you know at the beginning of the show we used

31:26

the new open AI for

31:29

Oh to Speak

31:31

write and speak our teaser and this

31:33

is what's everybody's talking about today on

31:36

the socials That open

31:38

AI says the new AI model is

31:40

faster and free for all users. Now

31:43

you talk to it It

31:45

talks back. It's got all

31:47

kinds of advances in voice

31:49

assistant capabilities and it's

31:51

just getting scarier faster and faster Well,

31:54

it's what was it 50% faster

31:57

and 50% cheaper like

32:00

that for them according to

32:03

Chad GPT 4.0 and

32:05

so this is 4 with a little low

32:07

so it's like 40 but it's like a

32:10

4 a little low I don't know I

32:12

guess the next one will be 4 a

32:14

little one I don't know during the demonstration.

32:16

Not that GPT 5 it's just their next

32:18

iteration. During the demonstration a researcher asked an

32:20

AI model to read the expression of their

32:23

face and judge their emotions. Chad GPT's voice

32:25

assistant assessed he looked happy and cheerful with

32:27

a big smile and maybe even a touch

32:29

of excitement whatever is going on it seems

32:31

like you're in a good mood and

32:33

I guess you can use the camera

32:36

to show your surroundings and ask you

32:38

know to evaluate anything about the space

32:40

that you're in to guess what you're

32:42

doing even so that's

32:44

kind of creepy. I just well

32:47

I mean I have the the Ray-Ban meta

32:49

glasses for one because they're fun you press

32:52

a little button and then it records a

32:54

little scenario you're in. I actually use them

32:56

mostly at this point I have them right

32:58

here I mostly use them for

33:01

phone calls and listening to music.

33:03

It has the best microphone ever

33:06

for chatting with somebody and my phone

33:08

calls are great but you can do that here but

33:10

what it will do is it will take a photo

33:12

and then it will do analysis of that photo so

33:14

it doesn't do it in real time but if we're

33:16

able to do this shit in real time now and

33:18

just look at this and it's there's so

33:21

many things that have popped up on this like

33:24

you could literally play rock-paper-scissors and they could show

33:26

like if we have two people sitting here they

33:28

can look at us and we could see if

33:30

we just if we did it right who won

33:33

they can do all kinds of different things we've not

33:35

even touched the surface on the

33:37

capabilities of this yet and then imagine this

33:39

as an API so I'm gonna be using

33:41

this as an API on a tool that

33:43

I'm building because it's so far but we

33:46

did think Claude three was the

33:48

best one well now this one just

33:50

far surpasses that I think it's gonna

33:52

keep going back and forth until we

33:54

can build our own open AI that's

33:56

really actually open that's that's our own

33:58

instead of using there which is closed so

34:00

you gotta do what you gotta do until you can get to

34:03

where you need to get with what you

34:05

got I think. Finally

34:07

from the NFT world we've talked much

34:09

about projects that are actually doing something

34:11

and building a brand and one that

34:14

has succeeded quite well is Pudgy Penguins.

34:16

I am no longer a Pudgy

34:19

owner. I do have a little Pudgy but

34:21

I sold my Pudgy. Over

34:23

one million toys the

34:26

stuffed plushies have been sold

34:28

via Walmart, Target, Hot

34:30

Topic and they're doing a

34:32

really good job of bringing the brand

34:34

out and so in an era when

34:36

other projects are flailing the floor price

34:39

at this moment is 13.3 ETH on

34:42

these little guys. And it was

34:44

like 30 something not long ago wasn't

34:46

it? I think it hit like 23

34:49

was the top and

34:51

they flipped board apes. I'm curious I'm just

34:53

looking right now. So right now board apes

34:56

are back over them. 14.77 is

34:58

the floor price of a board ape. But boy

35:03

there was a time you could have

35:05

gotten a board ape

35:07

for as little as

35:09

let's see the bottom was like

35:13

I don't know I want to

35:16

say 10 or so. Looking

35:18

for the analytics here to see if I can

35:20

figure out just how low it went. You could

35:22

have gotten one for 10.89. That was the cheapest

35:24

that you could have

35:27

gotten a board ape and I still

35:29

don't know you know Yuga's future. They

35:31

got a lot of money, deep wallets

35:33

but I just I

35:36

am looking forward to NFT season returning.

35:38

It's going to look different and those

35:40

who have made it through the bear

35:42

market and have kept their community and

35:45

have built up some sort of utility.

35:47

You know what I really miss? I

35:49

miss when people bought NFTs just for

35:51

collectibles. You know like what it was

35:53

when we started out with with blockchain

35:56

heroes just making badass cool stuff with

35:58

packs and people would open. That

36:00

was so fun And then

36:02

we the click and earn crappy

36:05

games came in that you would

36:07

earn a worthless Crappy token and

36:09

they just destroyed that whole collectability

36:12

because now people are demanding. Oh,

36:14

what does your NFT do? Hey

36:18

does what does my Star Wars cards from

36:20

1977 do? You

36:23

know, you know, I do want to give a shout out. This

36:25

is a good time to shout out um, dude To

36:28

and maybe I can pull up a photo of this

36:30

in my in my Twitter's So one of

36:33

our fans of the show meta owl love

36:36

meta owl He

36:38

went to an ICP event. Yeah and You

36:42

got a picture of his jacket. Yeah. Did you see that

36:44

I did but pull it up if you have it handy

36:47

Let me see. It's very cool they

36:50

made a custom jackets as ICP

36:52

internet computer protocol event did one

36:54

and There

36:56

it is. I will copy it and I will send it

36:58

over to you Actually, I have

37:00

it right here. I'm just gonna put it up on the screen right

37:02

now. This is it This is

37:05

the the jacket that he wore and right

37:07

on the sleeve. There's the

37:09

McAfee inspired Blockchain

37:11

hero renegade right down the sleeve like how cool

37:14

that is It's so cool and they go he

37:16

said so what's the significance of the ghost on

37:18

his I was like, well, that's it's a shit

37:20

coin He was pumping at the time, but

37:22

now he's a ghost So Good

37:29

stuff. So hey, thanks everyone again for

37:31

tuning in to another episode We

37:34

trust that you've listened to all 726

37:37

episodes if not, why haven't you get started

37:40

to do turn it on while you're sleeping Make

37:43

sure to leave a review make sure to

37:45

subscribe and all the things give it likes

37:47

on the Instagram's or on

37:49

the Twitter's and the YouTube's and the rumbles

37:51

and the libraries and

37:54

your mom's It's

37:57

your mom alike of your mom Oh,

38:00

and that's called birthing birthing people. Yes.

38:02

Hope you hope your parental units had

38:04

a great birthing people day Oh

38:34

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they cry

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