What you doing cause I'm about to ruin the image and the style that you're used to I look funny
But you're making money see so your world. I hope you're ready for me. I got around
Way down by the underground
Because in the 69 my hump the nose will tickle your rear my nose is big
All right, what's going on guys
That was the jam in my day soon as that came on the
Speakers everybody was on the floor
Still to this day that works. Oh
Only half a pan half paying attention to things lately. So I'm out of some loops
I wish I could always be a news like coin news source
Which is why I'm always asking people somebody needs to be my regular like coin news person
Just let me I don't know chat I guess but
Yeah, I want to talk a little bit about I guess, you know, I normally don't sit here and
bullish about like coin and
Which is kind of ironic because I'm like when underground you would think that's all I would talk about I guess I
always felt like it kind of speaks for itself like
If I got an account, obviously I'm invested in it and I believe in it and I don't think there needs to be much else said
but I know it's what people like, you know people they want to
I think there's reason to be excited. I guess I've just from the very beginning been of the mindset like I
Don't know I don't want people to make bad decisions with their money or expect something out of
crypto that might not happen in a time frame they're expecting and so
That's just my own personal
Belief is like I don't know you get you can get yourself in a bad position if you make bad decisions, right? So I
Don't know being the responsible voice in crypto isn't very appealing to people. They want everybody
They want to be told that whatever they buy is gonna go 100x and
You know, that's what gets followers. That's what gets likes and clicks, but
You know, it's it's hard to make promises to people
and just like I mean gosh in 2021 2022 it was
You know Bitcoin was going to $100,000 and then
You know eight months later. It's a
Third of the price it was or a quarter of the price it was so
Just hard to hard to make those promises
And so that's why I try not to get super overly bullish, but I will make my
Bullish case for Litecoin. So I think there's a number of things that and anybody if you guys want to come up
You're welcome to chime in
But pretty much all these networks particularly the ones that have a diminishing supply
Over time any money is really about you have to have more people adopt the money
Inflation like as long as that number stays higher than inflation
The price naturally will go up because there's fewer coins
There's more coins being I guess whether they're hoarded or spent or used
Then are being made available every day. That's just kind of natural supply and demand
And so obviously Litecoin in the early stages had a lot more coins coming out and a lot less recognition than than Bitcoin
Which is why you think you see the disparity
But we're starting to get to the point where the Litecoin Litecoin coins are drying up
And there's no reason to think that it won't follow a similar path to Bitcoin. I
Don't think most people are
Scarce asset in the long run
Like we're seeing with maximalism. I think you'll see a lot of investors over time go
okay, as they learn that Litecoin only has 84 million and
Bitcoin has 21 million. There will be kind of a hedging or a diversification. So
That will make the network grow as
Fewer coins are coming into the market. So it may take it, you know, it's obviously taking longer
You know, I would like to have seen it be different. But you know the
The sensationalism around Bitcoin the media coverage. I think there's been so much
By gosh mining companies and
VCs and all that stuff that they have a very vested interest in Bitcoin continuing to go up and
So that's where kind of the in my opinion. It's kind of front-run Litecoin when the people that'll learn about it and be in the know will
Will understand that they're getting basically the same thing. They're getting with Bitcoin with Litecoin
So I do think and that's news this week that Charlie said he's working on ETF
But I do think we're gonna see an ETF on Litecoin
the first handful of them if there's any indication what was going on grayscale seems to be
trying to get an Ethereum ETF and
They'll probably after that try to get
I'm guessing Litecoin Bitcoin cash
Maybe aetherium classic as like the first
Five why aetherium classic because it was a proof-of-work chain
It's been around a long time and it's got some kind of weird name recognition and I think they own a ton of it
So that's the other reason why I think they're interested in making that an ETF
Then maybe like a Solana if that's possible, I think this whole security
Commodity can it be an ETF? I don't think that's really relevant. I don't think the government's really gonna care
I don't think the banks are gonna care. They just want as many assets as they can
To collect fees and keep people interested in putting their money in Charles Schwab or Fidelity or whatever blackrock
they just want to control the assets and
The more they can control the better they're gonna be so I
We're obviously fortunate to be sitting here buying Litecoin under a hundred bucks
over time will grow in value because more people are going to adopt it use it and
Save for the future. So there's my bullish case
Nobody comes up in these spaces. I might just do a silent space until somebody comes up
So he got a bag every week, but that's all I got going. I know I didn't yeah
So the Charlie thing I kind of glossed over that I think
Who was it that asked the question?
if anybody has the tweet about
Somebody asked is anybody applying for a
And he's not said anything else since then so the fact he hasn't dispelled the rumors tells me that it probably is happening
Wanted to sit here and shout it from the mountaintops
What else big happened I think something else important happened this week oh
Some kids in Japan got arrested for selling Litecoin in their school. Did you guys see that one?
No did not you didn't yeah, I did I
Saw that one yeah, some high school red arrested for being an illegal money exchange
Yeah illegal money exchange they're shutting him down and he was a teenager he's like yes
They're trying to stop free market. Yeah, I saw that article in Japan. He was in high school, right?
full-on like one exchange in high school
Yeah, what an entrepreneur and they're trying to squash that yes
What was the background was he selling something for it?
No, he was doing like like when exchanges and stuff and he was in high school and he would just like trade in
But the government came in and shut him down. It's like oh, come on. Yeah, they want to shut down
Peer-to-peer transactions. Oh, man. Hey, I love this place. I love this face. I'm gonna get it out right now
All right, Japanese police officers have arrested a teenage high schooler on suspicions of operating an illegal Litecoin exchange
See every press release about like when I'm suspicious of but Tokyo Metropolitan Police Department cybercrime controlled division charged a male
18 with violating the Payment Services Act on March 4th
He'd earned around twenty thousand twenty thousand dollars in fees from trades conducted on his platform. So he had actually a digital platform
Now good for him about 30 customers had already been identified 20 of whom were teenagers dang I
Wonder what time he's facing
It is like you can smoke a cigarette when you're 18 or you can carry a gun when you're 21, but you can't do
Digital currency until you're what what 14 15 like when are they gonna get done with these losses?
Litecoin is gonna be for everybody
Even little five-year-olds are gonna have Litecoin on their card and their parents will put it on there
And you're not gonna get arrested this
Sorry, did I just interrupt whoosh, it's gonna be a good one, sir. I
Kind of feel it. I like this conversation. I love this space man
Yeah, I'm reading the article right now
I'm always suspicious of the news. I don't like reading the news anymore. I literally suspicious of everything
I've probably got to get that I probably get it. Yeah sources I trust but
Did you just just kind of on a note?
That knocked him out. You know, I'm talking about right that that fight that just happened. No
You know Francis Nagano the UFC dude
No, dude, I don't watch UFC at all. Okay, my brother's like how do you not watch it?
I'm like, I don't know man. I don't don't give a shit
Yeah, no, I mean it's cool
Well, he's he's like a like a heavy heavy weight
And he's good, but you know, these guys are starting to do the kind of cross
Sports or you know cross fighting, you know, so he's a UFC
So he he's fighting John Anthony Joshua who's who's a boxer, right?
and they're the boxing match and and Anthony knocked his ass out like
do you knock them out twice and then knock them out third time and
This is this was maybe a week ago of some sort, but there was just I was as I was moving through
Twitter there was this post that shared it showed one of the knockdowns where it appears that Joshua just
Like just missed them, but Francis goes down. All right, and it says, you know
Everything, you know things aren't what they seem. It's all rolled by money or whatever
You go read down in some of the messages and it shows like other things and and it's kind of indicating like that's
That's a false like that's a doctored image and it's at the point. It's like well, what the fuck is real
You know, like I mean, I know old boy got his face smashed in right a couple times
But on that strike, it looks like he missed and it's just just kind of my way of just
Then I don't know what to believe. Yeah
You know, it's like what the fuck man
Told you the story work when it before I even started doing this and the reason I kind of got clued into the whole
Walmart news was cuz I was like really kidding all the fake kovat shit that was coming out
It was like a major liberal outlet
I remember the name of it. It was like two brothers. It wasn't the krazenstein guys or whatever
It was a couple other guys who went from like no followers to like, you know, six million followers in a year or something
During kovat and they had an article where they shared like it was like, oh, uh, vaccine deniers are now drinking
Uh hydrogen peroxide or something like that. It was like mocking
A mild like a 1 peroxide solution
and and they were taking that and twisting it to say they were drinking this stuff and
They cited like four different tweets
And so I was like i'm gonna find where these tweets are and it was literally like people with
50 followers and some guy in pakistan one lady was a politician in the philippines or something
right, it was all people and one guy was like
Uh, literally, uh, his whole thing was about vaccine conspiracies and he had like 50 followers some guy in color
And I was like, okay, so they're either
Creating accounts which they could easily do and then citing these accounts as news
And then taking that as a premise to write an article to like, you know
They just write an entire narrative, right? Just write a story
And the crazy part about it was with all the previous coronavirus diseases we had
Um, like it was murs or something like that. M-e-r-s
They directed all like hospital workers to do a daily
And a and a saline like a nose flush with vaccine every day to prevent infection and they proved that it worked
Very effectively to prevent coronavirus infections. It was like, okay
So these people know what they're talking about and you're mocking them to twist the narrative
And I was being like dude, I can't you can't read anything without it's like I gotta go find the source
Where what new like I just clicked on this link
It said it came from manichi news or something like that. You click on the manichi news and it says, uh
So what did I did they just make it up
Yeah, we all know the walmart news was always fabricated by just who knows
Somebody who had an interest in trying to like say negative shit about like what?
Yeah, it's interesting times man fuck dude
I mean it's even even like the
Just another quick one is like the raw milk like I fuck with it. Um out here in missouri like it's it's totally
I forget the guy's name like
Saladino or something like that. He's
He's a I like some of his stuff
But he was posting some about raw milk and then you had to twitter community notes or whatever that was like, oh it's
Well, and they're like there's no benefits of it
But there there actually is because there's literal
Like there's a lot of like credentialed doctors and
Individuals that speak to the benefits of it. Now. Are there maybe some risk? Yeah with like, you know, um
proper, you know safe handling and storing and stuff like that, but
it's just you know, it's just you get a post like that and you get these community notes and they they
basically blast the whole thing is being like completely false and
You know this this is it's just difficult to find reality these days. Yeah, for sure
All right. We're here to talk about
the bullish light coin talk, bro
Yeah, well, hey, did you did you mention real quick? Uh
When before I got on that roman, um
Where they found him guilty, uh
No, it's in my bookmarks, so I wanted to bring that up which is kind of fucked right
Your chain analysis is such a such a flawed
You know software and technology, but um seems like they might have lain pretty heavy on that
So that's no good. I didn't get a chance to read the article. Um, so what was he found here? It says found guilty
There's a money laundering
Uh money transmission and there's one more count
Of course, they're gonna the lawyers said they were gonna appeal it
I just don't know who the jurors are man
I guess they filed a letter of the law. Yeah
Well, you know, I think that that just goes show it's you know, you can't have a
A person that you know people are taking risks by
Associating themselves with any kind of
Changing software, I mean even like the guys at cake wallet, right?
How long till they get shut down
Yeah, well the big thing is is like if there's um
Like if there's ever a moment of like custody in which like that fog mixer like some of those old
You know beginning like mixtures and stuff like that services like they actually like possess to possession of
The utxos where something like samurai like does not right? It's it's like they're they're a coordinator, but they never take possession of
There's not any like custody, right? I mean custody is the main thing
Right. I mean if you're taking custody then you're basically
Custody is your own keys, correct
Well custody is whoever's custody control thing is like
Mixers like some of the past mixers the people running the mixing service actually took possession
Which is kind of the issue
What you um, this might be kind of a segue well here like coin family you came up you wanted to
Let me get your two cents in before I maybe change the topic
No, go change it whatever you want whatever you want to talk about
That's the thing over time it just comes I do too much talking, you know what I'm saying
Well, it's yeah, my mom's mad i'm spending too much money
I'm sending too much money. I need to calm down with my sending. What are you spending it on? Are you gambling again?
No, dude, I don't gamble. I don't gamble. I lost 10 like quite gambling and then I never I quit forever
Yeah, that's pretty cheap lesson then actually when you think about it
I have won before that so technically I don't think I lost really anything but
I might have even ended up up but I didn't I didn't keep track. No, i've just bought a
A faucet at home depot. It was like 95 dollars a hundred dollars
Putting it in yourself. Did you buy it with uh crypto?
I'm sorry. I'm sorry. What
I said, did you are you putting in yourself? That's what I asked
Yeah, yeah, I did. It took it wasn't too bad
It's very quick. All I had to do was connect the water lines. I took out the old one
uh, but it was still kind of expensive and then I bought
Some things on etsy i've been i've been spending so much money, but I feel like I have to
I even have to spend even more like I have to buy more crypto. I don't even own enough
I wanted to buy nowadays nowadays. Um, I feel like it's like uh
I don't know if I don't buy now. Am I ever gonna get a chance like quote like I was just thinking earlier today like
I wasn't I I really didn't wish for this upturn because I thought I was gonna have a little bit more time to keep buying before
Because normally it bumps every two years, right in 17 and then 21 and then theoretically what like 25, right?
I thought yeah, but i'm getting old man. I'm getting close to like 30
Well, not actually Jesus i'm like leaving my mid-20s like my birthday's in like a month
I mean i'm not that old but
Yeah, a long time. What are you talking about?
27 scares the hell out of me thinking about being 20 27 is old man. 27 is old old old. Yeah
Your old ass dude, man. Fucking pack it up
26 is like it feels like 26 is much younger than 27 is my opinion but
Definitely having a little bit of that, you know, i'll be 45 at the end of april. I'm like man
Yeah, you start going shit, dude. I got I got buddies who are like, you know
It's like i'll go, you know work with somebody
I'll go beat him. They'll meet him or somewhere. They'll be like yeah i'm turning 60. I'll be like shit, dude
I think of you as like my contemporary and you're gonna be 60
Oh, yeah, it's all right, you'll be fine. You got a long way to go dude. You haven't been a adult for nine years
Hey, i'm gonna i'll be right back in I gotta gotta plug a tire man
I got six nails in it the other day. So i'm gonna try to successfully look at this man
This is getting shit done spaces right here. People are putting in faucets and tires
Uh, what was I gonna change this? Oh, I was gonna change it dang it now. I got sidetracked like coin family
Hey, I got this. Okay. What's no sidetrack. I'm here to keep you on track. Okay
You think of one like coin?
How many zeros are there right? Look like there's two zeros after no
All your feelings about like coin now
They're gonna be the same when there's three zeros
Four zeros. We're gonna have so much good
Spaces talk. I mean it's only a hundred now, right?
It's gonna be a thousand and we're gonna have these talks and it's gonna be ten thousand and we're gonna have the talks. This is
This is heart lifting. I love this face. This is you guys don't do
You it's how many like when you have
And then we talk about zeros eventually. This is so fun
I love this. I think the best thing you can do is set yourself up to be able to
Compile a stack that you don't um, they don't have to access if you don't, you know
Accept in case of emergency like I like, you know, you know, i'm a spend and replace guy
But I think you should accumulate over the long term and yeah, it doesn't take very many people to start having that mentality that
They'll be able to get one at a hundred dollars man. Think about
Gosh, think about bitcoiners that were feeling that way back in
You know 2014 or something like what is it 300 bucks or something?
And they're probably like man
Why isn't this, you know or one they're thinking i've only got 10
And uh, how would they feel right now, right?
My first purchase was in 2017 and bitcoin is around 600
And if I would have just left it alone
I would have been 50 to where I am now
But then I purchased and traded and i'm at 100. Yes
Buying crypto and holding it and not touching it and just
But then the little part of me says hey, what if I traded a little bit part of this bag?
That you will never trade, right?
But there's a little bit that can like 5 risk gets you another 20
It's a difficult. This is so scary. This is a new thing
I mean everybody knows trading gold and silver but
This is nobody knows where we've been. This is like 15 years old
Everybody here is at 40 to 60 and we're not gonna
Basically, yeah, no i'm turning 27
Next month or this you're born in
Next month you're born in 97
Uh-huh. Yeah, that's when I graduated high school, bro
Oh my gosh, oh I could be I got it
Yeah, rand how old are you when did you graduate high school?
Oh, that was 17. All right. I got a song for the rand
Is it rockin? Well, what?
Well, you should know. What does everybody think of when they think of?
That's the jump yeah, go ahead jump that's 1984
1984 are we talking about a book that somebody wrote that foretold the future?
Yeah, the rand in high school
I actually painted a poster for the whole weekend and put it on the gymnasium wall and it was jump
I love you guys you're old you're young enough to know that
Are you talking over the music
Last time we did we played music and I ever went to go to the bathroom or not talk and then we came back
I had a good rhythm when the spring and summer come I usually do this outside
And that's usually I can kind of balance the music with the talking
It'd be nice to have another account
That's difficult. I know music and talking
All right, you got to have a little bit in the background, but
Me no, not you i'm just saying
I don't know if it's possible i'm just saying all right
Hey chief. Hey, I do have another subject when the when the conversation dies down. I have a question
Well, I was going to talk a little bit about
Oh man, the the excise tax they're kind of floating about minors
Yeah, I don't know there seemed to be a lot of things happening that
I don't know, you know, sometimes something happens and you go. Ah, this is playing out exactly how I thought it was going to play out
Like I think this etf and and everything is going to be good for awareness, but I don't know that's going to be
The right kind of awareness for crypto
I don't know you guys every week
I'm a little bit bearish on it because I just feel like there's just something that doesn't make sense about it
All right, go fuck the etf the etf's not going to add any any value to crypto
Crypto's really going to get its value pump when technology
Like innovate when we have technological innovation is going to lead to a crypto pump like crazy
I saw somebody ice beside him yesterday was gambling on kick
Quest vision quest pro or the apple headset or whatever. All right. He was literally
You should go watch his stream grant. He was gambling
And you could see the quest vision pro on his stream and it was like he had stake up he was gambling crypto
It's unbelievable now how you can live. It is unbelievable. You can truly live in a four by four box now
In an ar headset and if you have food brought to you
I mean that that is literally like a life option now in my opinion
Yeah, that's I mean, it's it's so much more
Well, I I guess I guess but it's just like uh, that is really it's like metaverse now more than ever
That's the oh, that's how crypto is gonna
Come to fruition is it's gonna be
Driven by technology. There's no other way
I I truly think the in my opinion
The things where you're able to loan crypto and earn interest
And you're able to borrow against your crypto
and use that money as like a
Is that to me in the short maybe it's the long term and the short term is the
I hear what you're saying. You like the idea of like there's no I don't need to have a bank account even right?
but I think like if I'm buying a car and I can take my retirement and
Leverage it to get an interest-free loan to buy
That car and pay zero percent interest and never have to actually sell my retirement
And it can still accrue value without having to be invested in some risk asset like is
Kind of mind-blowing. You know what I mean?
Or if I have a business and I can take my assets and borrow against them without having to have some
Authority take yield off of me. Yeah, I mean it's just it's it's kind of crazy
When we remove the banks from the situation what finance is able to do for people
Because I think borrowing and lending you have to that's normal
That's what you know this thor change stuff I got I wish I'd have bought more thor change yeah, but but you know, yeah
But then it's not even decentralized
I mean, it's like you can't really it's much
I mean it it is a big challenge
I guess that's what they're trying to do is build a decentralized financial system
Well, like let's say let's say you and I can come to terms on a contract
Like I have money that I have no use for right it's just sitting around and i'm willing to like let you
Earn very minimal interest off it and the way the way thor change doing I almost don't even understand how it works
But there I wouldn't even know how it works because if you if like if I get lended or any individual gets money
Like on a credit card, right?
They get a they get a loan from a bank and then if they can't pay their credit card back the bank sues them and then
They you know are going to have to be their wages are going to be taken or whatever
How does it work with crypto? It doesn't seem like it could work. Well, this is more like you actually post collateral
So you say okay, i've got 10 000 in crypto. I don't want to sell. Yeah, but
I understand and but that's what i'm talking about with the whole
Decentralized financial system. I just don't think that that is like, uh, I understand you have to post collateral
But it can never be like a real lending thing, can't it?
Guess I mean if there was like some bank that gave out 10 000 in doge
And then you had to pay it back eventually, but this is like not possible, right?
I mean, there's nobody who's gonna I mean you could theoretically have a credit line back with
Any sort of crypto, but it would have to be enforced somehow
So I don't I guess you could can you get a crypto loan? Is that positive thing crypto loan? Yeah
So from who well, is that a real thing? Well, so like on thor chain right now
It's you have to have 50 percent or I should say you should have 200 collateral
So let's say you wanted to borrow 10 000 to buy a used car. Okay, a non-non-collateral loan
No, not a collateral. No, of course not that's different a line of credit or something. No, no
Well, I mean you could you that requires trust that requires trust
I mean you'd have to kyc them in but you couldn't you have a
Credit like couldn't you you couldn't you could do something like that?
It would require a big company and they'd have to kyc and they'd have to be very contractual about what they would do but
Yeah, that's that would be no different. Yeah, I mean would they
I mean loan you loan you crypto specifically. I don't know
Probably not they probably have to loan you u.s. Dollars
But you could go buy crypto with it
Then that would be just a credit that one would just be a credit, right?
Yeah, so there would be no crypto element, but they could loan let's say they loaned
Let's say they know but you can loan other things besides
But I guess it wouldn't make any difference
But I guess it would in terms of how you pay it back
I don't know. I don't know if i'm
Okay, this isn't really my line of conversation i'm good
If you were if you were to loan somebody like
Like ten thousand dogecoin and then they've got to pay back ten thousand dogecoin
I mean it is a little bit different loan and crypto than it is fiat dollars
Yeah, I mean it'd be a way of looking at it like let's take uh
Like think of it this way. All right, let's say I you give me ten thousand doge
And they're whether they let's say they're ten cents right now where they are
So I give you a thousand dollars cash or you you post ten thousand doge say I need I need a thousand dollars in cash
And I take that ten thousand doge
And I give you the cash and I charge you three percent interest on it
See that's where you'd have to you'd have to actually post more than that like you'd have to post more than the loan
But the reason you would do it is you could say well, I can take this
Buy something at a low interest rate instead of going to a bank and getting eight percent on a car loan or six percent on a mortgage
This guy because I gave him collateral
Uh, he gave me a really low rate on my loan
And then i'm getting a pretty risk-free interest like you keep paying your loan great if you stop paying it
I just take them. I take your crypto
Right you default on the loan. I keep the collateral
That's kind of how that works
Yeah, it's like a pawn shop's idea
But but if you even look at it as like you're I don't know
You're loaning out the doge at negative interest might be the best way to look at it
Like there's it's a two-sided thing, right
So have y'all ever heard of ave
Okay, so ave is i've used ave
I got liquidated a couple times. Is it the african-american vernacular? Is that what that stands for? No
I don't believe that's what it's for
Is they let you put up post-up collateral and it's pool collateral
And so what you can do is they have several different assets. It's all eth base or erc 20
So you you can put up wbtc for a wrapped bitcoin or ethereum and you know stuff like that
Of what your maximum collateral is
Typically they range between 50 percent all the up to 80 percent so you could bar up to 80 percent of total value
These are assets that vary in value
This is what happens when it goes beyond that so they have a threshold
Where you know, you can borrow 80 percent, but once it gets to 85 percent
We start reducing your collateral. So it's a contract, you know, it's an eth based contract where
Uh, it self acts and starts paying back
Using your collateral to reduce the loan and reduce your position
And it will do that all the way to zero for it for selling on how
Yeah, yeah, you have no choice. It's just uh, I mean it's a
Quote unquote instant sell sort of and then there's also penalties
What do you call it for hitting that that threshold?
And so even even if you do hit that threshold, you know, it would have been better had you intent
Then I think with if you put up usdc you can borrow up to like 95 because you know, it's a pretty solid
State and so the cool thing about it is that you can
Everybody gets to keep their money, you know, unlike the 2008 financial crisis, you know
Depositors were not paid back
Um, so I haven't you know, i'm sure it may or may or may not have happened
But I don't believe anybody in ave lost
any money from their deposits with the exception of those who risk their deposits by
Leveraging those deposits
Yeah, and even then they're not you know, like it's not a bad deal. Like let's say
Crypto and I borrow so you're saying that scenario. Wait, let me reverse. Yeah, I have a hundred thousand crypto. I post it
That's correct. And then you can even re-put that in as
Additional collateral total to total d gen
Right to reduce it and you can kind of self screw yourself because you know
You keep doing that and you can go pretty far
I can tell you with a hundred grand you can probably get up to like
To be able to max the lateral your worst case though is that the price drops and essentially you were yeah
You're forced to sell at the at a lower price and you're like, okay
Well, but you did get something out of it. You still got eighty thousand dollars
Right, but I mean the thing is is you're leveraged
So as you lose you lose exponentially
So that's why you can still go to zero
Well, if you choose to take that 80 000 and invest in more crypto if you take that 80 000 you go buy a car with it
There's a shit. Hey, you got a car out of it
That is correct. Yeah, you haven't technically you've lost 20 percent
Or 15 percent, but you didn't even really lose 20 percent because the only reason you'd be forced to sell is if you're losing
If the price went down, right?
Right. Yeah, and so that's actually I don't know if you knew but uh, i'm pretty certain celsius
so what's funny is is those those uh, those depositors got paid back but the
Actual depositors in in celsius did not get paid back in full
And they still got to earn the interest on those but you know, there is still security risks
Decentralized finance along with you know centralized finance because there were attacks where I do believe there were people
They were hacked somehow. I don't really know how in ave. I think at one point
I don't know if I don't know exactly what happened, but I think I heard something about that
Well, this might be even more a reason why
We'll start to see etfs on multiple platforms because I think the big banks may see that like
They don't need us anymore
Oh, yeah. Yeah, you know, I mean one of well, one of the things is is you know that I I kind of disagreed with
Uh the guy that was talking a little earlier, you know, you know, we still have to have banks
Because you still have to have somebody who can finance things that
Don't technically have tangible value
So therefore it is a trust-based loan
Right. Yeah, you're always going to need
Uncollateralized loans you're talking about
Like like i'm starting a business I don't have any real
Assets today. I'm I have a business plan
Uh put my house and my future earnings up for yeah, I mean there's there's some risk and some lending in that sense, of course
I mean yes, I guess in the end you are right in the in the end every loan is collateralized
Yeah, you can't give him completely but certainly a lot I mean
I don't know. We'll all be regulated at some point. I don't know
It's too it's too impossible to loan out
Like any sort of with just the volatility of crypto
It's really difficult to loan out and expect to get paid back. I feel especially paid back in crypto
Well, I mean if you loaned out
If you loaned out, let's say like ten thousand doge to somebody and then as you said
You have to pay back ten thousand doge and then doge price changed. I mean, that's that's all over, right? I mean
They think they'll never be able to pay it back. They'll be indebted forever and so
Those are the only real losers and they really are only losing potential earnings
Not you know, because I mean you did borrow something
So you didn't get all of it gone unless you re-put it up as collateral
But I think that most hard assets will end up
being tokenized to borrow against
I don't know how jurisdiction or whatever that word is
How that will work with physical property? Well, I think yeah Bruce Fenton talked a bit about that
He was talking about once you can financialize
tokenize everything tokenized why would they even need to be tokenized? Yeah, because I mean if you tokenize the
And you have a and this token is
recognized by our country
Or the country that it's in
Then it can block chainly move from owner to owner without
judgments like you know, if you tried to sue somebody well, this is a contract that's
It don't it's a judge on by itself
So you don't have to have a judgment from a judge to go take it back
Like as far as the legal work, but you still need to interact with the legal system. You need a sheriff to come
Yeah, you're talking about to physically
No, I was more talking about to the acknowledgement of the
Legality side of ownership is when I was saying that obviously
Yeah, I mean, you know, you can have all the ownership you want if you can't get the thing. It doesn't matter
Judgment system acknowledged that as
To be able to back to like my family. Uh, so before before we go any further
When we talk about these loans and collateralizing and stuff
Like I think anything above that is risky and even 50% pretty high easy as it is even even 50%
Yeah, that's what I'm saying. So I think 30%
You just put it into the wrong. So what that means is don't
Bitcoin don't don't do this get 8 000 back because you're very likely to get liquidated. That's just how this works out
I'll kind of give you an example of why i'm in litecoin actually
Is actually because of that
I want to talk about the tokenization part because
I think something like what where you would want tokenization to me is to replicate the stock market
But on a private level like you have a small business
buy a piece of equipment or something that is going to
And you can't rate you can't go to the bank and just get 50 grand because it's a pain in the ass
There's a ton of fees associated with it and maybe you can
Set up a smart contract that basically says a certain part of my revenue goes into this and you would have a reputation
Just like like people the public could act as your bank. They could act as your lender
You wouldn't require a bank. You could have
A couple people to go. Yeah, that's a good investment. I can get 10 back on my money. I think I
And they just send you a certain amount with a contract associated with it
With no need for any intermediaries and you can access a world of people
That might be looking for ways to get returns on their investment
So that's where the tokenization part comes in and being able to like sell these shares of something
Because that's really all companies are they're just shares of stock shares are just tokens
And they're just called stock because they were paper stock. I don't know
All right, the red you've had your hand up, but I want to circle back to your litecoin swv
I want to circle back to the litecoin and keep it in. All right, so
We've the old school guys. We do pawn shops. You go and turn something in and get liquidity
Uh, are we waiting on him? No, he must not be the rand. He must not be able to hear you
Can you not hear the rand talking
You want to leave and come back up? No, no, we're good. All right. No pawn shops are liquidity old kids
Okay, the rand you got to leave and come back because swv can't hear you so
I don't know if nobody else can hear you or anything. I wonder why everybody else can
It's weird. It happens. Sometimes spaces are weird like that. Gotcha. What I mean leave here i'm gonna i'm gonna remove you the rand
And then you got to come back up and speak but why don't you tell us what you like about litecoin?
But I got a song for you since we're doing musical introductions
What do you think your song is going to be?
What do you mean well, I did one for the rand because he graduated in 1984
What song you think swv makes me think of?
Oh, I have no idea. I like little bubble. All right, hang on
Wait, they had a popular one that went uh
Well, never mind, it's swv. They were a 90s hip-hop group
Yeah, swv they got popular
Um, anyway go on why do you why is it you're settled in litecoin?
Um, that's when I kind of started digging into the bitcoin rabbit hole
And it was i'm a very technical guy. So trying to convince me that there was anything
You know worth looking into was rather difficult
But once I kind of understood the happening I uh, I spent about a year off work to try to understand and I dug into it
And that's where defy came into place
I've always had issues with loans. So
That's what really attracted me because i'm like, okay, so I have all of this money
But who cares if all I get to do is look at it
I leveraged it and through that leverage I exponentially won
And then as everything went down I exponentially lost
Personal nature of things I started looking for other alternatives
Because that couldn't be leveraged because i'm gonna leverage it because that's
Just the kind of person I am i'm always maxed it out
So that's when I started to look at, you know charting and you know, why like coin
and so all the fundamentals that I was able to find is what was like, okay, so
Get the same upside as if I had leveraged bitcoin
Or I could do this and worst case scenario. Okay, it's cuts in half. Can I still hold it?
and believe in the project
Regardless of what the price does and
That's I was able to find that with litecoin because of
You know, I think it is the same as bitcoin just because
You know, it has all the same characteristics, you know founders similar, you know, they're not ones known ones unknown, but not in the picture
I think it's uh, it's as close to bitcoin as I can get as you can get without
potential risks of like, you know better products
And stuff like that because smart contract come
Platforms can be replaced by better projects
Where litecoin and bitcoin are a lot more difficult to replace
because of their uniqueness
You get deep enough in our rabbit hole you'll you'll start to become the
litecoins the better bitcoin, you know
I hear you. No, this is good
We remember pawn shops from our parents you going to go and sell your silver or whatever and
Then we go to crypto stakes
You got to stake your stuff
And it litecoin is staked by it. Yes
possession nine tenths of the law
And you better own your own stuff. I'm trying really trying to get give me 20 more seconds
Questions are litecoin close to here. Okay
They introduce bitcoin to switch out from gold and silver
Bitcoin gold silver and all this
Crypto we are on the same side if we just join
We can stop any government ever
Yes, and oh my goodness, uh
Please no, I think I think well, I think what's also changed a bit is you know, there was a
1971 right off the gold standard
There was a long time where the u.s. Government's been able to
Buy favor with people, you know by just
Making their bank account grow making their housing value grow
Look people haven't had they haven't why would you why would you argue with a system that makes you?
Filthy rich, right and there's a lot of people in the don't fight boomer generation
Right. Yeah, they they got they had a nine to five and they
Made a living bought a house. It went up at a bunch of value. They borrowed at super low rates
You know everything was gravy for them
And um, that's running out for a lot of people so and the government can't
Continue to inflate the money
So it's like the jig is up, right? What waste you think background that's not sure
What do you mean they get they're gonna they can continue to fight the main flight money
Well, they can but what's what they're gonna it's
I guess the curtain's being pulled back right people are realizing like
Um, it's there's not a return there for them like millennials
Don't aren't getting any benefit out of it
right there they're paying the bill for
good shit the boomers got
Their housing prices are super high and their wages haven't gone up
And they don't have spare money to invest in things. So
You know boomers were able to just play the game and you're going to be rich
And it worked out for a lot of them
I don't know. There's a lot of poor boomers out there, dude
There are there are but there's a lot that just had a
Regular-ass job and they're doing fine
Well, how do you know that the stock market's going how do you think that's how do you know that they won't inflate the money for you?
And then you'll get a little bit older as a millennial or however, you're 45 not going to be 45
How do you know in 20 years? They're just going to keep inflating it. I mean if anything they almost have to
inflate it like crazily now
I mean because it'll be meaningless. I because because at some point they can't give you you know, like what?
Right now like for me to send my kids to college is going to be some insane amount of money. Yeah
Yeah, yeah, but the money will be like it starts to lose
It starts to lose its meaning anymore. Like why you start going well, why would I?
Send my kids to college when I know the money is going to be
Worth less down the line, right? Like what it makes you start questioning. What is real value? I think
They definitely have plans to run it run their dollar as long as they possibly can especially like
I feel like this is nothing compared to what they're actually capable of
I feel like sometimes I do agree that prices feel like if they go any bit higher, it would be
A drastic situation, but they are going to get I mean they will have to get higher eventually
But I know dude, like a McDonald's meal is just 10 bucks. Like we've just had to accept it. It's ten dollars
When do you start getting pissed off?
Thirteen dollars when you're just like what the fuck?
Someday, I swear the start the starting wage is going to be like fifty dollars an hour
I mean, they'll run it as long as they possibly can
possibly can with their dollar. It'll never be devalued entirely. It'll just be
The dollar the one will become 100 and the zeros will just keep on rolling. I mean
It's a matter of zeros right? Yes, it doesn't matter. It's and one chop off three
It's a such a game. Oh my gosh. I'm sorry for interrupting
Zeros. Oh you triggered me. Well, I'll tell you since I've been you know, I've been
Current I guess I'm not the exact role. I've changed jobs
But in the same realm for probably 12 to 13 years and pretty much since the beginning
The biggest problem people have is finding people to work
Like literally people don't want to work in
every factory is understaffed
You know you go anywhere go to McDonald's they can't keep people no one stays they they get a few bucks and they leave
Because it's not worth it to them to work
Does that become where you can have all the money in the world, but there's not anything for you to use it on
Then it's worthless, you know
Like people can't make goods for you
Lou haven't covet right you wanted to buy like a a car and it was like a what a four month wait or something like that, right?
If you enough people work, there's nothing to buy anymore. So inflation, you know, that's kind of what happens in inflation is there's nothing being made
So all the money in the world is meaningless
All right, I thought baglamas was trying to come up but
You know, I gotta say there's some new faces in here some old like I start talking about bullishness
And I get all these new light coin faces. No one wants to hear my bearishness talk. They only want to hear my bullish talk
You got something to say bearish about like going I want to hear it
The etf I have not i'm not a believer yet
Um, I think there could be a large correction in it
I think michael sailor's kind of using a form of leverage
I think tether is a risk factor and I think the government
Would be interested in trying to kill bitcoin if they could right so
I don't like the idea that
All this money is flowing into one place and that there's gonna be one major driver of
What do you mean by one place for a major driver because like the etf is
Is quite diverse in the in what who's buying it
But I mean, I guess it is one place as far as one large
There's one custodian and and it's it is um, it's being completely removed from
The asset right it's a pure gamble on the price of the asset and
like, you know, uh left to its own devices like
Uh commodity markets get out of control
What was the price? Wouldn't the price of nickel go like 4x or something during covid?
Like markets will allow you like a short
We saw a game stop, right?
Where prices act really irrationally versus the
Value of the actual thing
Well, do you know what the catalyst was for game stop because I didn't actually realize it was what?
It was naked short selling, right
Yeah, yeah. Yeah, there was over a hundred percent of the stock was shorted
So whenever their shorts got liquid or they finally decided to cut loss they had to buy the stock back
And that was what was the catalyst it was who can who can handle this the longest
so that we know that it this is a
You're you're breaking up quite a bit well who won that who won in that scenario
Um, I mean a lot of research will run one, but I mean i'm sure in the end that
Because big company is not dumb
Yeah, I know they shut down robin hood right when things were getting out of control
Right and so yeah, you're you're walking you're kind of going into an arena it's like
You know bitcoin's walking into a place where
There's a whole lot more money
And a lot more experienced people than what we're all used to
And hey locking arms and buying
This is going to definitely be a lot different cycle than ever before
Yeah, and it could be it could be huge for it, I guess i'm just
I just feel like the like the further you remove
the buyer from the actual
It no we're no longer talking about this thing being used
But for anything other than really speculation
Right, but speculation on a use case that no one
Right, isn't that kind of crazy when you think about it?
Well, I mean it's initially to be you know cash
But it really doesn't work very well for
Peer-to-peer cash it's too expensive to be on the level that I think some people think it to be on
Um, and I mean even on a large well, why why do you why do you say?
Why do you think satoshi called it peer-to-peer digital cash
Was it because he felt like there needed to be more small cash exchanges or was it more about the
Um, I think that that his intent is to do that
Hey, you're breaking up real bad, I don't know if you can find another place to yeah, let me try to locate but
You're so rolling. I was told to reboot when this happened. So go ahead. I'm
Well, I might be in a bad signal area, let me get in a little different spot
Hello, um, is that better?
Yeah, go ahead. Hey, how are you guys doing?
We'll take matt while you uh figure shit out swv. We'll let matt go ahead. What's up? Not much
Uh, so I just heard you guys, uh talking about uh, or mentioned game stop and uh, one thing
I know this with like game stop and uh comparing it to bitcoin. There are some
Kind of similarities that I think both sides are kind of fighting the same type of fight
And I think it kind of comes down to the system
That's really what it comes down to and when you own or buy a like stock for instance on the stock exchange
Stored on a database. Okay, you have a table somewhere in the bank and they store that stock and how your user id
And it's stored to the you know, the amount that you have
But we know and we see now with game stop and other stocks is that
There is a float the total amount of shares of a stock and that's let's say we you know
You create game stop you have 10 million shares
uh, but you know we realize that that amount is not finite and that
You know with naked short selling and the other schemes that they do
Uh, you don't actually really own
Like the shares because they're also being kind of diluted in a sense, right?
And so same thing with bitcoin is you know bitcoin touches upon the same thing where you are
Stored you're also being it's being stored on a database, but it's a distributed ledger, right and that ledger
um, you know is not owned by anybody and
Like there's no tampering with the numbers right the it's a distributed network
There's it's open and you know visible to everybody right? So there's no there's no uh,
Um, you know, it's a different system two different systems we're talking about and so now you're seeing people
DRSing their shares mostly do the exact same thing when you DRS your shares is similar to bitcoin where
You're kind of owning that asset, right? You don't actually own the stock or shares in my opinion
On like, you know when you own a share of a stock right compared to bitcoin bitcoin you truly own it because it is
You know actually given to you through the private a private key or public key, right? So I think there's there's a lot
In terms of the system that needs to be changed and you're starting to see this come come through with uh,
You know bitcoin and especially litecoin and bringing talking about litecoin litecoin is a is a fork of
bitcoin, right so I think charlie came along seen it he was a google developer, I believe and
He he he forked the project. So I don't know how familiar you guys are with code, but like I myself i'm a software
Engineer and so, you know
You can go on github and fork a project and then you can you know work on that project and add your own features to it
and so he did that and you know, uh, he created and he
Was you know a little bit, you know newer to the space and he kind of seen oh, okay, you know if bitcoin is gold
The gold one and tweak it then it's uh silver, right?
And now you also kind of see that with even dogecoin. This is just my opinion is
Uh, you know like dogecoin is a fork of litecoin
Which is kind of like I don't know if you would say it's the bronze of of it because it's kind of like in
That hierarchy, you know, but something I noticed but uh, yeah, I think we're in from, you know here till 2030
Maybe you're gonna see I think we're gonna see a lot of changes happening with
The system because as you guys mentioned, it's just it's just not sustainable, you know, because uh, I don't know how you uh,
I'm kind of rambling here. Sorry for for
Going on. Well, I think I think an important differentiation in what we're you know, um swv and I were talking about a little bit was
That that is different than bitcoin, right? It is. It is not bitcoin. Yes, you're right. It is it's a base, right? And that's that's what
I still get a little leery about yeah, that etf is good and bad
I say like right now I feel like the cycle like stalked prematurely with bitcoin almost and it kind of like
You know, well now well now we see where we are
We're it kind of like it was almost like waiting for the etf because I feel like without the etf
I don't know if bitcoin couldn't with a well, I think we're going way over 100k
But I don't I don't know like this etf is quite substantial in terms of volume and I think
you know driving demand and I that's one one thing I truly hope with litecoin is I think that's one of the
I mean i'm kind of like i've been in the space for a while, but I mean in terms of just been looking into litecoin
Uh, like I had I have some litecoin from you know, a couple years ago
But i've been looking back into it and I think the etf is one of the strongest like cases in terms of
Like, uh, you know if people see bitcoin and their etf and they see this new kid on the block and if litecoin
Gets thrown etf. Well, then that's going to hopefully drive a lot of demand
Okay, well litecoin if this is the silver to the gold and you know, there's a lot of
Hopefully that would drive a lot of demand
I'm hoping you know, even if you do look at for instance, like the traditional gold and traditional silver
Silver actually did better than gold when both of their etfs were
Created I believe it was created in
2002 for gold and then the silver etf came out slightly later. I believe I if I can't remember
If uh the the dates but silver did better than gold. So in terms of the return, I think uh
Or 5x 6x and then silver did like 11
11 ish 11x 12x so it did do better but gold held in the long run
Better than silver in terms of like it, you know over the long run. So
Um, yeah, I I hopefully those the etf drives a lot of demand
Uh, it will I mean it it's uh
It's a very easy way to just
Get get exposure to quote unquote participate in the crypto ecosystem
Even though you're really not participating. You're just exactly
You're just kind of staying like I would like to
It's like you're having somebody else lay bets for you at the casino, right? Like I trust he knows what he's doing
I don't want to actually get involved. I just want to give somebody money to go do something with it. So
I don't know. Yeah, it's a it's a weird. It's a weird place
Yo, what's up, what was that?
What do you mean that was the icon for the rain
It never stopped I know right I think they changed it
What happened to your toilet what happened to the toilet I know I couldn't find it because i'm driving
Oh, that's good, that's good that you're looking for icons while you drive
This is how you do it damn
I know let's go. I want to hear another sound effect. No sound effect. No, i'm driving. I can't
I have a question. All right. I have a serious question
What what the fuck is like
Uh, oh I had it I had it in my thing it is a hold on hold on
What kind of agenda is like on it?
Dude, I have too many bookmarks. Yeah
Here you go. Litecoin is a fair unbiased accounting system. I'm biased
Accessible accessible to the world 24 7. This is my definition. It's performed perfectly since inside. It sounds like
Like yeah, it glues into diversity
Um, it cannot be defrauded it cannot
In your if it's in your wallet, it's final settlement ready to spend with no added fees or approvals required
That's a good definition real reason that I came up
The tiktok, yeah, I think it's gonna affect bitcoin like whatever
What do you think you're going to do
They're already spreading rumors that
Amas is getting paid for with bitcoin and terrorism is in this new file with bitcoin
And that bill I think it's whatever tool they need to shut it down at least for us
I think I think we'll lost the battle of the day a really big one
I I want I want to hear a thought on that
Litecoin and bitcoin can't be stopped. You can't turn the network off. Yeah, but you can though
No, you can't you can't be
Don't know something to consider something to talk about it
I was thinking about that all day. Oh, hey, hey box. What's up, brother?
Hey, did that pass today?
What's what's what's his name? Um underground you had him on the podcast. Um, what is this kind of contrary?
Contrary in bitcoiner, um
But he talks about like everybody says how the network is
All it's this and this and that but at the end of the day, you know humans
Like it's humans at the core of it. So I mean shit shit can be impacted people say oh, it can't be stopped
You can be stopped though, that's the thing
Only the on-ramps can be affected you can't affect the network itself
With enough enough violence, uh
Well, that's not I mean you're gonna have to do the entire world at that point
I don't think you're super concerned about litecoin
I thought can you hear me brother because I mean if there's one miner and one node still on
You hadn't killed the network
And that can be anywhere in the world
So if it's and then and just like michael sailor says
You know, all right, so you turn them all off as soon as one comes back on here. It is right back
Yeah, my biggest concern has always been this um
The on-ramps are the only concern though
Uh, like how are you gonna go from anything to litecoin? That's what i'm saying
You don't just automatically get it. They're not gonna they're gonna stop litecoin or bitcoin
They're gonna stop you for using litecoin bitcoin
Right, well, I mean that's like saying you can stop people from getting drugs
It might be illegal, but it doesn't prevent you from doing it
Well, it's different now because the drug that you you're getting they were bringing it in. So it's not kind of safe
Like now they're losing this is the tools that they're losing power
Uh, I mean politicals can't definitely can can uh affect
They just can't affect the whole
Network itself if you if you if you bend the on-ramp, you know have businesses accepting
You don't have people using it. So it's pretty much that for you for me
I mean that would kind of be like saying that you know drugs don't move
Where they've banned it and you know, that's not true. Just uh curious. Have any of you guys used litecoin in any payments before?
Oh, I thought you were asking if we use drugs or no. No, i'm not asking
Like the two answers would be different
Yeah, plenty man. I I use some today. Uh, so yeah, we transact here
Well, no, I mean that brings up the point I mean that gets into like I mean
You might be talking about eric. Foskle
You know, he very he very much talks about like
You know, it is a dark market money, right and
The ability to transact if the government is like hey, you can't use it
And how much appetite is there for people to do that today?
not a whole lot, but if a cbdc comes along and inflation is
Consistently 15 percent and they have no financial privacy
These the tools become much more appealing
hundreds of thousands of dollars
Probably not that's I imagine if they outlawed bitcoin in the united states, it would be a bad day on the bitcoin markets
It'd be bad for everybody. That's one thing i'm kind of worried about actually because like you seen what happened to was in monero
They took it off the exchange
And so I don't know if like I mean
Litecoins, I think I don't know any other coins, but I think litecoin has well the
web or what is it called the
I don't know if that would be
I don't know how the they would like feel about that
That's not wondering because it's kind of like a privacy thing, which is good
I think but I don't know in terms of like etf and stuff how they view that
You know, if that's a if that could be a problem, I don't know that's one thing i'm worried about
But i'm in monero. It's like what maybe I don't know
15 20 off from where that where that shit happened
I mean, it's like hardly even affected. I mean people people that use monero people that use mweb
Yeah, bitcoin has light yeah, what's up as privacy so why the same thing, right?
Box box what how's it going? I'm good, brother. How you doing?
I haven't how do you see you i've been for a while
It's hit and miss man. Like I mean you're you're out. You're in i'm out
Are you going to the summit? Yes, I am
Maybe we'll we'll see I have to I have to look at some things, man
Uh after the epic year, you like going to go under
All right, you'll be missed though
Oh, I do want to okay, so i'm gonna this is the subject I wanted to bring up earlier
Stork stork, whatever his name is, you know the guy the bip 300 301 side chains guy
Remember him he came in here came in here maybe three months ago. Yeah
Very very long-winded guy, but he's talking about
He's going to be at the summit
I think he's kind of angling for he'd like to maybe can he get
This uh changed added to light coin side chains on light coin
Because he's got he's basically getting no traction on bitcoin
It definitely does feel like bitcoin's kind of enough. It's going to be stuck for a while
And i'm in i'm still intrigued by side chains and I reached out to him and saying hey, maybe can we maybe do an interview at some point?
Because I want to I feel like
I think I have a good picture of them, but I don't have a
crystal clear picture of what's going on
But i'm kind of a fan of the side chain idea
Like we talked about all these protocols you guys mentioned earlier lending or it's a zcash or manero privacy
Or whatever, maybe it's you want to do an nft protocol and not actually impact the main chain
It's well, I don't know have you guys given that any more thoughts since we talked about it or what do you guys think about all that?
I just don't know if there's like any unintended consequences like there was with like taproot
But people are going to do what they want to do anyways
But it's just that I think it just needs to be
And I mean with taproot there was there was uh, I mean
very very sophisticated and advanced, you know, uh
Cryptographers working on that shape, but you know
You had the the results of like the the potential bloat with the ordinals and all that that became even more prevalent
And there wasn't something that was intended for it. Right? That was like a side consequence
Yeah, I don't know. I mean like, you know, it's like, okay, let's innovate but
You know like shit like mweb
Pretty pretty straightforward, right? I mean you're here to get confidential transactions privacy fungibility
You know, you start adding additional things that can have some more quirks to it
i'm not a cryptographer, but
I see value in litecoin being
Being able to to scale pretty well and I think like having these like litecoin manero bitcoin like
Having that those those where they scale pretty good in their own, right?
It allows those chains to operate for people to have on-chain access
throughout times of you know times of of high volumes and stuff like that, but but if these if these other
If all of these other protocols become bloated then, you know, what are we left with like
Custodial solutions at that point and I mean at that point then it's it's over it's done
Well, yeah, that's what I mean the side chain is kind of like
You could start up your own chain, so to speak your own design of a blockchain
You can't just create your own token
So if it's a good idea if it's a valuable service
It's essentially being able to use litecoin as the native asset of
Having a separate token you're just you design a side chain to be the nano side chain
And use litecoin in that fashion
Well, what's the what's the difference between?
Like so liquid is a side chain for bitcoin
Uh, and and basically you can have these various tokens
Now so like ultimately like what's what's the differential?
Between that and and and dry these drive chains or whatever
Liquid is a what they call it a federated side chain. So there's like a group of people that essentially are
Authorizers of that chain, right?
I'll just call them like efficient officials of the judges of the side chains are ultimately
So it's very much like em web like em webs, you know, it's an extension block. It's kind of a side chain
You move off of the main chain
You can use litecoin in a unique fashion
inside the extension block
And when you want to peg back in you peg back in
Now there's there's different like that's a very one-to-one peg out peg in
Very short time frame. I know with the with the side chains, there's a longer
You can peg out pretty much immediately and get the benefits of a new chain
But the peg in process is longer and I want to say it's like
Oh man, it's something like 5 000 blocks or something and the intention is to be
That it's it's it's intended some way to yeah to prevent gaming the system in some way
And there's I mean, I don't know man. The guy's been talking about forever. I don't think he's a stupid guy
I don't think he's a scammer. Is he right? I don't know. Yeah, that's different, right?
Somebody can be a genuine person and be wrong
You know what I'm saying?
But I I think scalability is ultimately something that
If you don't have the ability to onboard millions and millions of users
Continually fighting an uphill battle like you have to have the ability to onboard 8 billion people
Not everybody has to use it, but the stress on the blockchain I think is just bad
It's bad for ethereum. It's bad for bitcoin
It makes them unusable as an actual money
And so so let's say you had a let's say you love manero
And you want to create the same manero
Um hard whatever we'll call it the the rules of manero the same blockchain the same block times all that stuff
You move some litecoin over to it and you have ring signatures all that stuff on your extension block
Any fees connect or on your sidechain all the fees collected from it go back to the original litecoin miners
But essentially it functions without
Without having its own token
And if it's a popular idea people will use it and if it's not people won't
That's kind of the name so so you might have actually sidechains that accrue more value than the actual native asset
Right because it does something that's more valuable than just plain old litecoin
Like well, do you think mweb litecoin will be?
Worth a little more in a way than non-mweb
Potentially, I mean if it has
I mean, it's essentially like it can become kyc free. I mean you go go through enough
You know action on there just like like if you were mixing, you know doing like whirlpool or something
I mean physical gold's worth quite a bit more than etf gold, right?
Is it still at a prime bought gold in the wild is it still to yeah, you always
These days it seems like you're always paying over on that for sure
All-time highs though. So yeah
I'm I'm I'm hoping to bring the guy and it might not be on a wednesday said wednesdays aren't good for him
But yeah, I don't know. I want to explore he's gonna be at the summit. He's gonna speak and um
I don't know. I think it could be something different for us to do did he answer your inquiry about
It was like september. There was there was a there was a lot of talk around in that bitcoin
Right side chains. I want to say yeah august september
He came on in that vlad remember, you know vlad the bitcoin tape over guy, yeah
Yeah, they were both they were both out here. Oh, it was a late one
It's probably recorded. You can probably go back and find it. I don't know
I'll I'll try to look over some stuff because I will want to have like some hardcore questions. See I mean not fucking
I swear you were here and asked him questions
But I think and I I may at the time
And I may still think this i'm not sure about it. Is that I think there's like
You know, yeah, is it worth the risk right? Like what's really are we gaining?
I don't know scalability to me is huge
I think it doesn't need to be you can't necessarily you don't want to sacrifice everything for scalability
But this seems like a really um
option because so what happens on the like your manero sidechain, let's say
You have to have node runners that maintain that data for that side chain
They're not going to be the same people necessarily as a light coin node runner
Right. Well, and and it won't be as robust as the manero blockchain in general because I mean
How many nodes are verifying that blockchain versus how many are verifying your little?
And that's the challenge is it like do people who have manero go, you know what?
Fuck it. Let's just get all the same functionality and use
On this manero side chain probably not, you know, not in the short term
But if something's truly valuable
And they're like, you know what we're not in this white market exchanges
The hash rate's falling. Let's just get part of a larger network
long-term viability name recognition of being on a larger chain and
We still get our same functionality but but but I mean like okay
Like how like let's say i'm a merchant
You've got a bunch like how do you how do you transact like if you're saying oh, well, I have light coin
Well, I have like coin xmr
Uh, can I pay you with that? Well, I mean do I as the recipient have to have this?
Particular address or something as well, I mean like
Or do I just give them a light coin address like how how would that work? I mean
Uh, that's a good question. I think
Again, this is me. This is a very amateur response. I don't know if this is right
I think like essentially it would be its own chain. So you would have
You know, let's say an ltc xmr address and if you wanted to swap one to one
Recipient to say okay, like you'd have to have some sort of exchange for that. It would essentially be like a separate coin
Because there may be an exchange rate
But hopefully it would be one-to-one
I mean just just from a very surface level. I mean it almost sounds like this is just a very
This is just a more of a speculative
Enhancer I guess to you know for for markets versus actually like transaction transactionary
it's just if that makes any sense
If we're adding complexity to to the transaction
Point like it just wouldn't I would never fuck with that
You know, but but if you're if you're getting exposure price exposure
Doing arbitrary no respect. I mean there wouldn't there shouldn't be any exchange. The only reason there would be a floating exchange rate
So like settling back to the main chain
Like because it takes so let's say it takes three months, right?
So let's say you had regular litecoin and someone had ltc xmr
If your ultimate goal was to get litecoin back you would have to wait
Three months, right? There's a little time cost to you
But if it's seen if it's interchangeable to you and you're like, oh well, they take either one
You know most merchants take either one
I don't you know, that's that's a question. I think is important to that that would be to ask him. Yeah
My guess is the hope would the hope would be there would be kind of readily exchangeable
Somewhere there'd be a defy that would just
You could instantly swap one to the other
At a pretty much a one-to-one rate, but it would it would eliminate speculation on things like
But speculation is the name of the game. So does that you mean, you know?
Well, if people can't speculate
Why would they want to do it? But imagine have a lot of functionality on litecoin instead of ten thousand chains
You know they have it has a d5 protocol it's got a
Good nft marketplace or something. Whatever people want to use it for
They knock themselves out. Yeah, well, I mean talk man
98% of those other things is fucking worthless anyways, but I know man
I'm having fun right now in this kind of deal, you know, because like I transaction transacting is
It's fucking like it's it's awesome, you know and like
Fucking around with big refill. Like, you know, I
Was asking them i'm like yo, can we get rewards in litecoin versus a bitcoin, you know, etc
But you know litecoin is just pop man. It's so powerful right now and manero, you know
I mean bitcoin fees aren't too bad right now though. I mean we're like what 10 13
But it's it's it's a good time transacting man
Is this cool? Yeah, I want to get I want to get zero confirmation transactions. I like that about bitcoin cash
Mm, I kind of wish we could push that like bit pay and I asked bit refill about it and they
The guy who is it's like matt alberg or something that
That's it. He always does the stats. He was like, well, let me see. Let me let me talk to the guy who runs the show
He goes, ah, they just don't really want to do it right now because they were thinking there was replaced by fee
As a default, but I would think like under like under a hundred bucks
Zero confirmation should be a no-brainer
I was working out of moon today and
That's technically not lightning. I mean they say it's submarine swaps, right?
I moved I moved bitcoin for
I don't know what it was. It was like three cents or some shit
and it was within within us within
Five seconds. It was it was all good to go boom bam i'm done
I'm just thinking like with light coin like
I'm sure because I mean the lightning network is a thing
There's got to be a way to do submarine swaps
Unlike coin to where bit refill would be able to just do the same thing, right? I mean
So you bought on bit refill and like with lightning network well out of moon so it wasn't
It was lightning invoice, but it's not technically lightning. I mean they do submarine swaps on moon
So it's a little different capability. It's not like a authentic lightning
Like I said, I mean it was it was within seconds
It's there and it was like three cents on the transaction and everything was finite. Like I literally got what I needed and
All within like three minutes and got shit done, right?
But you know, like I said moon wallets
They are notorious for like their whole thing is these submarine swaps versus it actually being like lightning
The intricacy of that I don't know
You're getting a submarine yeah, yeah, yeah, and it's got to be yellow
Samson was talking. I I was listening to some shit. He was talking with peter on
You're talking about submarine swaps, but I like moon wallet. I think it's a badass wallet be honest
I don't think i've used it. Yeah, not custodial
Yeah, what has happened? Does uh
Has samson launched volcano bonds or whatever yet?
I don't know about that. He's got some different shit like some some aqua
Wallet or something? Um, but I don't know about them volcano bonds
I wasn't didn't start a company to onboard countries two years ago. I think that's that was the goal
I just hate that we get rag down about litecoin forever and these people they make promises. They don't do shit
Yeah, they never they never hear about it well the part that
Is is like this this looming?
Uh awareness of like let's say that this does continue on trajectory. It's going to where
more than likely going to be quite expensive and
Their automatic go-to is like
Et cetera, et cetera, et cetera all these all these other things to where you're giving up some
some pillar of of the white paper versus
base chain like litecoin or manero
Uh, or whatever else you may like that's on chain as a viable solution
You know instead of instead of parroting that you know
The the maxi narrative is too much for them to
Circum because you know my whole thing is like
You should have control of your trend of your utxos
And it should be immutable and censorship resistant and all all of the good stuff, right? But you know if you're reliant on these
these third parties to some extent like
I mean that's why I see the benefit of these valuable other chains
That have been time tested in times of congestion
And they just just kind of clear on and off ramps relieving congestion
If and when the time comes right then you would tell someone if litecoin costs 10 bucks to use litecoin go use something else, right? Right
Oh, I don't know why that's so complicated that's yeah, that's a little bit of the religiosity around it
I mean can people stay this religious about it for this long bro
We should either make a movie or write a book called the fervor and it just be
Just about that right there
When people start talking about
Isn't that vlad put it up today
And he well he was the same I think he was coming up with like a new thing
He's like bitcoin's about infinity over four megabytes right like
infinite demand for block space
Like that's a huge assumption
People don't seem to care today
Right, and why would it all accrue to one blockchain right if all we're looking for is block space
You know what I mean? That's hard. That's hard to
Maybe an era of like that that the the scarcity of money is actually going to be
Maybe the future is that money won't be that scarce. It's more it's again. It's more of an accounting system
It's about an honest accounting system
Or yeah, I have what I say I have and
It has a floating exchange rate and that's okay. We don't need to be religious about the money we have
You know and really the the scarcity
Or scarcity whatever, you know, it that really doesn't fucking matter like what matters is the demand
you can have the most scarcest fucking thing out there, but
If there ain't no demand, I mean it's not doing shit
But but that doesn't you know
And we're gonna talk in circles here
The perception that there will be demand and the perception that there they will run out
Anyway, we're just bullish
Sorry, I just choked on a starboard saying
I'll get a music break going hold on
You guys talk for about a minute here
Jesus you guys are interesting. Yeah
I'm trying to do something here in the background
Yeah, I didn't get the uh, man six fucking nails in that tire, bro
How'd that happen man look
I was driving down the road. It was at night. There was a car to ride with me. There was a median to the left
and you know you come up on and then
Seen this thing at the last second and i'm driving over it. That's what it had to be
Uh, because it's like shortly after that
I fucking started hearing the flapping
Yeah, look at it. I'm like mother fuck man. I ain't never got that many nails before so
It's not pluggable. I'm gonna see if they can uh, take it in maybe tomorrow. I'll try to see if they patch it
And if not just get another tire
You had the flappening is that he said I had the flappening bro
Well, if you got more if we don't we stop patching tires after three
So if you have that many it's it's kind of unsafe. Oh, okay
Yeah, that's what's up because it
Yeah, this the band the metal bands in it
And uh, they'll shift. I don't know if you've ever had a
Shifted belt where it wasn't round anymore the tire
But that's a lot more likely to occur
If you when you start repairing a whole bunch of holes like that
Gosh, you got yeah, and and they're pretty they're pretty close together. Uh
Gotcha. Yeah, that's that's that's good info, man. I appreciate that. So I just psychologically get myself ready for the uh
Because I just got I got all the time
Like probably a month and a half ago
So well some companies have warranties on them, you know, even if you didn't buy them but like our shop does. Yeah
We'll find out tomorrow for sure
Someone's always confused how it means
How how they get those belts and those and that rubber?
And it's seamless, you know, I guess it's all mold, right? It's like a rubber mold
I'm pretty sure what happens is they weave it and then they melt it around that
They melt the rubber around the that bead goes into like all the metal mold or something. Yeah
I went to this place once it's in uh, it's in rural ass. Ohio and they made
Oh god, it was it was for like heavy
Heavy equipment like for you know, you're digging out limestone or something, you know the big ass
bulldozers and shit and these tires were like, you know, 12 foot in diameter just
Massive and you're like it's like one of those things you go you never think about like where the hell are these things made, right?
Like how do you make a 12 foot like 800 pound tire?
You know what I'm saying?
Just a beast bigger than like an airplane tire even airplane tires aren't even that big
No, they're really not considering how much weight they're holding
Yeah, well, there we go always comes oh this is a bad pun full circle as a dad joke
Conversations never mind about tires come full circle. All right. Well, hey, okay
Let's somebody I don't know what's going on animal never comes up. John easy. Who's my light coin 90s guy?
Never comes up. No one ever comes in chats anymore with me. I don't maybe i've
Abused everyone too much or something
Dude has have any of anybody here used the keeper
Okay, that the one is that the uh
Jack little dorsey one or his big keep is that what his is? No, it's not it's um
I don't know what he's got going on but
This is uh one that's got uh, samurai war pull on it
And um, usually I i'll use uh, like sparrow
Because of the phone I have um, but this is uh
They've implemented it here and just having a little bit of an issue with something so
Uh, it's so it's like it's like three dollars u.s
Um, well, so like is it like
Three transactions is it you know, is it based on the transaction fee at the time?
Yeah, it's well, so no, it's um, you have you have the um
Is included with it and then there's the the whirlpool
I don't know what's uh points
You know point zero zero zero zero five bitcoin
Um, so that's that's about like three dollars
but the thing is is like once you
For free so like as long as you're in in whirlpool like it just if you leave it in there you leave it in world
Yeah, so it's just you just you just amplify your anonymity set
Considerably, and then if you're going to transact then you know, you can obviously transact from there
There's certain there's like three
I guess polls if you will depending on
and so like if you have x amount of
utxos that won't fit in any of those denominations then that gets
Sent over to what's called like the bad bank
So it's like your unmixed
Okay, and what usually what?
What we would do the smaller one you mean like smaller utx. Yeah, yeah something that won't fit in like the smallest pool
And um, usually what you would do with that is I mean you can either just fucking
You know spend like gift card or something, but they actually just implement it on on the whirlpool
Or on samurai wallet they did uh, they got
With manero. So like you can just take the bad bank change that isn't mixed
Then you can just swap it into manero and then gain privacy right there
Which will be you know atomic swaps
So is it kind of like an extension block like this it's a large smart contract you're part of
I want to say like a smart contract. It's it's basically it's just
It's just it's just like getting that bar of gold and smelting it down with
other people's bars of gold and mixing it together and then
There's like no really like smart contract
But you but you can leave it in there you're saying yeah. Yeah. Yeah. I mean you just it's just
You know, you'll you'll have your your mixed
Bitcoin or whatever that's a part of your wallet and you can just you can transact from from from right there
But as long as it's in there, it's continuously adding
You're continuously adding liquidity. I guess if you will to other individuals that may want to mix as well
So and they're they're looking for that additional partner
Well, so why don't people just do that all the time because what's the dropback because they're idiots
There's no additional cost
Well a little bit but yeah, um only like only like a one time
But if you if you were just gonna be hodling, right you might as well hodl a mixer. Right, right, right
So there's no there's no risk. Um, the thing is is like if you're if you're an individual that that is dealing with
There's people that are worried that their coins may be blacklisted. I guess
Um, but that's where like stuff like what's called ricochet
would come into play where ricochet we spoke post we spoke about this before but
Ricochet basically gives you distance from the coin join
It gives you like additional hops
So at that point it's it's basically like any anybody that's scrutinizing utx hoes. It's it's like saying
How far away from a coin join does one have to be to where?
They they don't have any involvement in it because it becomes impossible at that point
responsible than I ability, right so
But some individuals just for whatever reasons don't want to
That's another that's another reason why I think fees have to stay low
And I would I don't know if I would die on this hill
I think I would die in the cell you have to have some fee collection you have to have miners be able to collect fees. Yeah
No, all the movement of coins like just I mean think about the things you do where you're just like
Oh, I just want to move this to this wallet or like we do the mweb testing and I could take you know
I think it's like 80 cents to move it over from main chains
I don't know how to do the whole test net thing
Like you just couldn't do that if fees were four or five bucks, you know, right?
And it becomes even testing and trialing and just
Moving shit around like you're talking about coin joins, whatever lightning in and out. It just makes everything an enormous pain in the ass
Yeah, if it costs five bucks every time you want to touch the stupid coins, right? So
I think you just have to keep it. It doesn't necessarily mean to be sub a penny all the time
But I think it needs to be sub
burdensome to use the software
I mean, I mean, I think I think I think education around
Virtual size has to be better
Provided and I think some of these wallets don't really do a good job
Like how big your utexo is actually
how big they are right because like
That's that's the whole name of this game is
You know, it's not oh I have point whatever or one point this or that it's it's like
How many inputs and outputs have been associated with it?
How big is this thing virtually right like how much data is associated with this specific utxo?
And what is it? What is that going? What's the consequences of transacting?
And if there was better education as far as like
How to kind of mitigate a bloated utxo, right?
You know, these are these are things that add complexity to this usage, but I think are actually critical
To transacting like on a daily basis is just being oh, but only in bitcoin
Only if fees are really high if fees are
Yeah, if these are a nickel you could end up with a 25 to 50 cent transaction that could suck
Right, which I mean just depending on your overall amount you're moving. I mean like I don't yeah if it's like
It would be like right now like it's like roughly like a dollar and some change like
On chain and they're like 11 or 13 cents per virtual bite
For me, that's still like very doable. I feel like
But when you start you drop fast, yeah, I mean they they oscillate
But I I just I just would like to have better display and better I guess tools readily available to
Be able to to I guess reduce some of the size of
How bizarre is it we're gonna end up in a scenario where
Nobody's using bitcoin, but it's accrued more value than ever
Like that's where we're heading in yeah, this is where we're at it's based on pure speculation still
We're I think more so than ever and we're still in the experimental phase of this whole thing, you know, like
It's not even in beta things still in the alpha like we don't even you know lightning isn't working perfectly
We got liquid and but that's federated
We don't know what we're doing
Like we don't know where we're going people might say they have the answers
But the same time they're just you know, they're talking out of both both sides of their what's the expression?
Their mouth. Yeah, oh their mouth, right
You sound like ai now when you said that you must have too much you speak you're a native french speaker, aren't you animal?
I am a minority in a sea of francophones
Invisible minority, uh, I speak french pretty well though
Okay, I thought I thought you messed up the saying like that was your tell
That's what a a bad secret agent does is they mess up the local the colloquial isms
Right. Yeah. Well, you're the only person i've ever heard say that before so
What colloquial is no speaking out of both sides of your mouth
Yeah, what do you mean? Oh, you think you mean i'm the i'm the ai and I don't know it
Well, I mean people in my surroundings don't say that ever
All right, but okay very really go ahead. I understand like yeah, like these guys are
They're just trying to sell a product
I guess we'll see if it's if there's any real utility if people actually can use it and
But I frankly don't think it's going to go as smoothly as everyone expects
I think there's going to be some problems
It's getting cringy, isn't it? It's starting to get cringy. Do you think yeah?
I don't know, but I I wouldn't be surprised if we see like 150,000 250,000 bitcoin before
You know people start raising flags about scaling, you know what I mean?
Before like the you know, joe layman is like hey, actually this shit doesn't fucking work, you know, like
I don't know that they care about it but the scaling for what they're not they're not using it
They're not going to talk about it
Like don't bring it up. It's just gonna be the you know
Elephant in the room that well, what do you do with it? Well, you say that
Give your share of the coin base. Like I I mean
In a weird game theory, like it works if everybody jumps on board
It works. That's scary as fuck man
But how much bullshit would that be to like have this
valuable asset that you can't even fucking use
Like satoshi's probably rolling over in his grave dude at this point
He's like, no, no, no, this is not what I wanted
Again I say a lot but like let's not get it confused like it bitcoin is the most used crypto
And you know by far right now
As it stands, but we're obviously thinking in the future
Tron right now. It's tron right now
Yeah, oh my god, really usdt on tron. Okay
Oh, I would I would guess far and away. Yeah
But no, I I heard you're saying here. Well, I I don't I don't really consider heather being
That's just whatever stable coins
Actually, i'm pretty sure xrp is
On-chain transactions are a lot further. But nah, man. I don't think the value moves. Oh, no. No, they're they're not even close. Go look
It's crazy because I was comparing it to litecoin
And xrp has got a lot of transactions
Eggs. I am not an xrp fan, but
I'm on bid info charts. It doesn't populate so
Um, let me see if I can find where that was
Why not? Yeah, I mean and there's always the claims. I know xmr had a lot of transactions recently started getting spammed
I was looking up active addresses
Hey, would you guys hear that trolley was working on submitting an etf for litecoin?
Well, that's you know, he's a funny guy because he just says i'm on it. Yeah, do you think he's working?
And then he never says a word after that. So you're like was he just fucking around
I would guess the foundation's probably trying to do something. They must be what you think
If you said he was like charlie is the kind of guy that to to joke around like that, right?
Yeah, but I think he would he would be
He would come around as everybody's been speculating on it. I think he would come back and say hey just to be clear guys
You know, I was just joking or something, but he hasn't said anything else which makes me think
Who know they're probably trying here. It is
Bit info chart. Yeah info chart. Yeah, that's right and look up number of transactions
And compare it to literally anything else
But what are these transactions are these on transaction last 24 hours 677,000
Oh, no, no, no, yeah, no if you look at xrp xrp is like
Over double that of bitcoin in in in as far as transactions
Uh, it trends. This is transactions. Not not any not value changes
Um, this is just number of transactions on chain in a day
because i've been shilled the xrp for forever and i've i i just
It's not much. I just can't get on board with it. But I mean it undeniably is having a lot of activity
Who who who is actually like, I mean, I don't know
Where are these people spending? I don't because like it's it's nowhere in any of the major transactional
Uses like it's not so i'm pretty sure it's bank to bank is that's what they're trying to solve
Yeah, is bank to bank transactions and banks do a lot of transactions
So I I that is what I hear. That's what I hear. They're what they are trying to solve
It's like they're trying to replace swift or something or what?
You know crypto, but it is kind of wild that it has the highest transactions that i've been able to find
Again, i'm not feeling exactly. Yeah, i'm i'm just mentioning it
It is literally analytics analytics only
I I just kind of look at like actual like
Like for goods and services and shit like that like it's non-existent
Um, these banks are probably playing a good circle jerk with each other. Um
With their little well banks have to run through a lot of regulatory stuff
And you know, so I mean it is a it is different
You know, you do got to take that into consideration
But I mean as far as transactions for
I don't I don't think that litecoin has the capacity of doing that either
Without using a secondary network
I mean not on a large scale. It's going to have the same scaling problems as bitcoin
I don't know what that alternative is
But well, okay, I mean you got to think how many transactions occur every day
What's what's fun with litecoin though is it can it can fail giant like I mean there's you know, mastercard there's
Visa, you know, there's american express and they all make a whole bunch of money off of a small amount of percentage
No, what I was gonna say was with with litecoin. What's fun is that I do believe
Yeah, hey swv. Maybe it is your a you problem. You're gonna have to
Try leaving to come back but you can't hear animal this time. Can everybody else hear the animal?
Can you hear me now? No, no, no, that's wv. It's that was somebody else you gotta leave and come back
Okay, and okay, so whatever
Yeah, i've been sorry i've been gone guys I was i was on vacation I went snowboarding last week
Got I don't know if you've ever heard of lake louise
Yeah, man, my shoulder's top notch fuck I feel good I feel strong out there
What's what's the I don't know how how you guys classify it but like the slopes are going down like how big are they?
Lake louise is in the rockies. Um
How big is it? Let me tell you I've got some stats here
It's a big it's a big hill. Um
It's bigger than anything we have out east so okay
Oh, it doesn't tell me the altitude or the
Height here. They call it the prominence or something. Isn't that the big number?
What's that called where it's like how high above?
Oh the the summit. So yeah, the summit is 200 or
Uh vertical drater, come on
What do you want feet yards? Yeah, yes feet feet. Okay. Shit. How many furlongs?
Yeah, how many hands you know how they measure horses and cannons
Yeah, it's a big one. How fast how fast you think you you would typically be going?
Uh, I wasn't going that I I clocked my I actually do have like a tracking app
And I was my fastest speed was only 71 kilometers
So long 71 kilometers that's like 55 miles an hour in it
I don't know what it is. It is. Uh
Okay, all right. I mean you were pretty close
I mean, but it was it was there's a lot of snow so you couldn't really bomb down like whatever. It was nice. So it was beautiful
Yeah, that's still pretty fast
Anyways, yeah, it was fun man. No, I didn't go by myself. I want some friends
But yeah, beautiful. I want to go back. I want to fucking live there man. Honestly, there's no snow in quebec
Well, there is now but like the winter here like the snow is just
It's it was our warmest winter and it shows there's it's really it's really kind of sad
Like in the 70s here we said there's like one day in the 70s where there was like
Uh the stop signs, you know, like you're talking like three meters four meters high up in the air
And now there's like barely even snow in the backyard. You see grass and the grass is green
It's getting tons of snow getting tons of sun and stuff on it. We had no snow this year
None, which is very rare. Yeah
All right, that just didn't no precipitation
Hey, is that right? Apparently it rains out in california and it's warm in march here. I'm happy. I think
Climate change is good for people who live in cold
So for some people like unless you live in africa or the middle east or something where you're fucking baking
Hey, you can move move to the middle of canada. You know what you can do. Yeah
SWU never came back up and I had a point I wanted to tell him
basically, he was saying something about
how litecoin couldn't scale a lot of stuff
I just I just wanted to point out that even if it did fail like say like it did fail to like
To scale properly and the fees were super high
There's still some direction and
Say the foundation figures out the best way to recover or the best way to adjust
Um, the hash rate isn't going to disappear
It's still going to be mining dogecoin dogecoin is still going to survive so the hash rate is secured even if
for whatever reason litecoin
Skips a beat say there's like I don't know if there'd be outages, but if there's just like a network congestion, right?
These are because of high demand it's because people are interested in using it that's healthy, right
Sure. Okay, but like what i'm saying say for example, we do adopt like say 10 years in the future we adopt uh
People are really using the lightning on litecoin
For whatever reason and then lightning kind of fails
There's like some some channel rebalancing that bus or something or like whatever it just stops working
And like, okay, we need to do something maybe increase the block sizes or like maybe
Add drive chains get the pulse stork involved and stuff to to help remedy the situation hypothetically
I don't know what the hell i'm talking about. But like let's just say
The hash rate I was I was more talking about uh, the the local network not uh layer twos
Also might end up staying not I mean there are alternatives to fix that
You know, certainly it's just in its current state
And how it would work, you know, just like bitcoin. It's
Gonna have the same issue
I think I mean light coin has mweb, right which can scale to
Essentially 10x of where it is now
At least I as somebody I don't know I consider myself a voice in litecoin
I'm not committed to saying let's keep the blocks
I don't think that's necessarily the solution
thing that people that has changed the bitcoins may have set the stage of like
They're so hell bent on never changing that it makes people believe that blockchains can't evolve
Well, that's just not true. I mean like, you know manero and bitcoin cash have both gone to this
Dynamic block size which i'm frankly not a big fan of but it's interesting
That you know, this is there are things happening that
You know bitcoin isn't doing anything, right?
So to think that other chains are just going to not do anything because bitcoin's not doing anything. I think is
Yeah, something's definitely going to serve you're gonna fit the role
And yeah, it's just about which one and who's gonna adapt to allow it
I think what you're seeing right now. I think there are a family of coins that are
Acting as cash right now, right?
And litecoin is proving to be the the biggest one should be used as cash, right?
If you look on any metric
And maybe it may be you know
Like I I nano is an interesting one to me. I know they're being attacked a bit
Like and like, you know the guy joel valenzuela. He's such a dash
Fanatic, it makes me think there must be something to it, but it feels like dash is becoming
I've not i've never used dash. It's just it's just it's not part of the conversation
It's as much of it more of a dinosaur than litecoin is
I agree. Yeah, that's funny
Not to say that's not having a merit, but you know, there's going to be only a handful that
Communities kind of coalesce around right
We're getting there on the ethereum side there's a whole bunch more
I mean who knows what's happening there? It sounds like everybody's switching to solana right now
Yeah, they just got to reset the network every once in a while
But that's not what people are there for today they're not they don't care but somebody
Who are they they're in bulgaria or something?
Government knocks on their door and shuts things down. Well, then people aren't gonna love solana that much
Yeah, I forget where that where they're located somewhere in eastern europe aren't they um, I don't know majority there
I do know that I was looking at solana speeds are really low. They just again
They just got to reset the network every once in a while
Oh like non-existent aren't they
Uh, yeah. Yeah, I know. I mean they're yeah
Like I was looking it was it didn't it was not a penny and it was moving several million dollars
So I mean just value there
Just the fact that spf was so heavily invested with with solana should give you like
Enough information on what you need to know about that project
It's just it's fraudulent man. It's just fraudulent
Yeah, I mean i'm sure there was like
I'm sure it was created with good intentions
But eventually it was co-opted by some people with a bunch of money or like, you know
What we can leverage this and make bajillions
And now it's like it's unstable, right?
Well, I mean not not the the product totally more of malicious
I see merge merge schrelly keeps
Uh tweeting about solana like every day every other day. It's very strange. Come on. Is that mount gox?
No martin. Oh the the pharmaceutical dude
Yeah, probably not helping for uh
Legitimacy and trust in the coin. Yeah, I agree
Um, but one of the things I wanted to say I thought you could hear me prior
Uh when you were talking about snowboarding
I I hear that, you know, you're a pretty advanced snowboarder because I only went 36 miles an hour
38 and I mean that's moving
You don't want to fall at those speeds
Yeah, definitely falling's not cool
Just gotta miss those trees
Did you guys hear the story of sam bangman freed is telling like prison guards to buy solana?
He's gonna chill till he dies fuck that's what's gonna
Hey, I remember sitting in these spaces when it was eight dollars and I was like when it goes to two i'll buy some
What is it? What is it? 20?
Yeah, and the the other thing is bitcoin cash is lapping us man
Nah, yeah, that's that's temporary i'm not worried about that
Well, you see so here's the thing is is if you go look at on-chain data
It doesn't show that bitcoin cash should be winning
There was there was a day march 1st
Where it was like 17 more profitable to mine bitcoin cash
March 1st 2024 it was more profitable to mine. That was one day
They they made they did this other thing they changed their difficulty adjustment time
Where their difficulty adjustment changes constantly
Oh, yeah, he's gonna make it work. Yeah, so they're not gonna accrue a lot of hash power
So it was always meant to like stay at par with bitcoin is that like how they're
How they've created it to always make it be
No matter what bitcoin is that they want their blocks to be as close to 10 minutes as possible
And so when did they adjust your difficulty if it's not every two weeks
I don't remember maybe every block
Oh, okay, that's worth investigating. I didn't realize holy shit
But that's also gonna it's gonna prevent
Them from surging ahead of bitcoin, I think I don't know but they they're not in that game. They're kind of yeah, they're a
Cashed they're they're a peer-to-peer cash
That's what they were really after. That's why I called it. Yeah
They were one thing. I would like to replicate from them. I would like to replicate like I said
I like the zero fee transactions
Or zero zero confirmation transactions. Sorry
I like that they have a hub right and that's obviously is roger veers a huge
You know stakeholder. He's where was he at st. Kitson Nevis or whatever
They have a place that's like light coins central
It'd be nice to see that develop where that is. I don't know
Maybe it's europe eastern europe. I don't know
It should emerge naturally so maybe it's japan
I mean if japan if teenagers in japan are getting arrested for trading light coin
Maybe that's the place that light coin should be focused on. Yeah, seriously, that'd be sweet
Hey, did we ever see that article checked out or not?
Well, my buddy texted to me and I thought posted everywhere the next day so I was like so it's gotta be true, you know
It's odd that it would just be light coin
Like the guy's not trading other assets. Hey, is bagel masa up here hanging eyes
You know we had for it was weeks and weeks where every time we add in the spaces or during the spaces light coin would be
Dumping this is going back a couple years
Last couple weeks meta it's gone up after the space. No. Yeah
This space is notorious for the dump and
But it's changed we've reversed course
I mean i've never i've never taken it. I wonder I may have taken a dump on the spaces one time
It's probably happened i've been doing these long enough
But I think we've reversed the trend, you know, yeah, it was it was
The the little little pop there a couple days ago. And of course, we gotta dip back below
100 I was all right. We got it. I had a post about this a while ago
You have to what the traders are looking for is momentum
They want momentum and there's always a back test. I was gonna go back and say are we really over?
$92 for sure. And then once they try to push it back down and it doesn't hit then they go back up again
Yeah, yeah, I think it's gonna be I mean do for another big push
I mean fuck I i'm i'm expecting 100 100 k plus in bitcoin
here pretty soon personally
You're a hundred k bitcoiner. Oh easily. Yeah
I kind of think that we might hit a 10 trillion dollar market cap and the reason why is I think that
Year for crypto like it's gonna go like the dot com bubble
10 trillion this this year
Uh, this cycle this cycle. Okay, so like 20 for bitcoin or crypto for I was thinking bitcoin
I mean because we're like one and a half right now, I think yeah, I mean that would put it at
I think that I and then I would think that it would crash pretty hard and and take a long time to recover again
That's what I kind of think it's a lot of money, dude
It is a lot of money, but the higher goes up the more sellers are
right, I mean there is but
You know, there's a lot of buyers with these etfs and the hype's there
Yeah, I and and again, I think it's it's there and then people
If it were to happen, I think that that would be what would make people lose so much money
That that's why it would just it would sort of be in a bear market for the next 10 years similar to how that occurred
um, you know in the dot com era, but
You know that would be the only
Otherwise, I think that we would have the same
What do you call it? We would just have a similar cycle next time. So if that were to occur, I don't think that we would have
This the same type of cycles as we have in the past
That's what I think that if that were to happen, you're taking a 15 trillion dollar market
10 trillion for bitcoin is what I was kind of thinking. What else has a 10 trillion dollar market cap?
Uh, well gold is a 15 14 trillion, um, so it would come close to that
But not very many other things
Well shit bonds is like way over that
yeah, and real estate as well, but
Um, I mean as far as like commodity other states are really usable things. Yeah. Yeah
No, I mean that's for sure. I I mean I just in that it's just it's an overextended
Overhyped everybody's making money. It just keeps going
Then it just collapses and people forget about it for a long time and kind of have some
Now you could be right. I mean if you look at it's been diminishing returns, you know, it's been
Um, I don't like to I don't
You know the past cannot predict the future right
You want to keep it in mind, but you know, I always harp on a lot of these charters
Litecoin being listed on coinbase as like
An indicator of the future like well, that was a unique event
Covid was a unique event. You can't
Chart covid and go that's gonna happen again. It's just not happening again
The etf has never happened. So we can't really predict what's gonna happen
But right I think if you start looking at like how much
How much cash is still available?
Like people don't have that much money when you start to about seventy thousand dollars is an annual salary, right?
And I know you can yeah, I know you can buy fractions
But you get like people are able to buy less and less right, but the thing is is the same amount of money
So what i'm I think the bigger people are what makes that occur?
Yeah, I mean the money never left it just changed hands
Yeah, they may they may play the game it's a game of chicken
That's who the buyers are
Those are the buyers it's the buyers that don't want to have to
take the security risk or the
Uneducational risk they want to hand people their money because
They do their job and they do it really well and they make a lot of money doing it
And they want to focus on that
And those people generally have a lot of money
And they don't even one they some of them don't even realize that they're buying it and then others
They're like, well, it's obviously going to be a really good asset. I have time on my hands
I have a shit ton of money that i'm never going to do anything with until I decide to stop making money
Well, when you when you think about it, like the vast majority of people have
With this increase like financial planners and stuff like starting to recommend oh you need at least one percent
Like when that starts to actually like
Become a thing like we're not even that's not even it's not even close right now
But right when this starts to become actually a thing where people are like, yeah
This needs to be I need at least one percent and then as it continues to grow this one percent turns into five
Ten percent of their portfolio just by growth
Like that that's when the motherfucker is just going to steam row, you know
I mean and and it's going to get that's where the potential of like million dollar bitcoin is actually
Well, and when and it could be next cycle that this happens
I just think that is coming where we have a really extended time and then it kind of dies off for a while
When does the fed start printing money just to buy bitcoin with it?
I don't I don't really know what would entice them to want to do that
In their better interest to steal it from those who already have it
I mean they have they're the only people I legally legally steal it
I mean during covid they they printed a bunch of cash and they gave it to these
These bankers, right and they bought up all the all the real estate and drove the prices up
Or if they just keep doing that with bitcoin and I mean
What are the checks what are the checks in place to prevent that from happening?
And then tax everybody, you know 40 percent on it. Yeah. Yeah, and then and then if we complain
She's like, that's what you're saying is
Technically they can seize it but I mean only
Only based on your ability to an etf they can oh, yeah. Yeah, I mean they can definitely do it in etf
Yeah, i'm interested to see if there's a I feel like there's going to be at some point a
There's got to be a differentiation between the spot market and the etf market
I don't know how that hasn't already developed
You know i'm in china i'm buying bitcoin
I can't easily convert it to an etf. That's a tax-free fund or something in america
So there's friction there and there should be a disparity between those prices
So spot and etf should be different and i'm not sure whether or not yet
But anyway blind dave, uh
You've had your hand up for like ever
Sorry, hold on wait. Sorry guys
Yeah, my uh, my family's been watching mash lately
Literally the last like week
So your profile pic is fitting great. Sure
Yeah, you know that a famous fit i'm from Toledo, Ohio our most famous person is
Clinger the address like a woman corporal clinger trying to pull a section eight, right?
Um, he was the first transgender
Dude, I grew up watching that man. I'm i'm 47. So
Yeah, I grew up watching mash and every night before uh going to bed, but anyway
First I did want to say, you know, thank you to y'all for
I got four miners up and running
On litecoinpool.org and the payouts here are so much greater
They're so much greater than they are at uh nice hash
I just wanted to say thank you for that
The other thing is y'all were mentioning. Yeah
Sorry, oh the fans are kicking up
But y'all had mentioned about uh bitcoin cash and the difficulty adjustment
Uh that came just like doge
Um, it it came basically from doge. It was uh,
That where that came from and yes, it is every block
Yeah, every block it's interesting because
Well, it's interesting because bitcoin cash, you know, it's gonna have a really hard time ever getting hash rate from bitcoin
But i'm starting to wonder does it even matter?
Well, my thing is is that when the when the congestion happens again like 2017
Due to a mad dash and inflow
You know that people go to what works like uh, like I went to litecoin in 2017 because it worked
Uh bitcoin shut down. Well, they're also going to see bitcoin cash
Same thing like litecoin. It's all over the place
So but I mean it's not my bag. I mean it i'm diversified. It's not like i'm
It's um, i'm full of what works. That's it
So that's why i'm here in litecoin because it works
I think that now I am a big blocker. Um
But I disagree with craig wrong
Um, I don't know if y'all saw that with the copa and all that where uh
The judge is looking to uh, or he's looking at jail time now
for being the next fake toshi but uh
Anyway, yeah, just real quick wanted to say thank y'all for sharing litecoinpool.org with me, man. Thank you so much
Yeah, you get you're getting this the split payouts right the doze and litecoin, right?
Yeah, and well actually yeah, that is another question so on the payouts
Is it more lucrative to leave it at like 40 doge as a payout?
and then the litecoin higher is it is it more lucrative to do that because
I just went in and I set the payouts to 0.002 litecoin and
What like two doge or something like that
So for every little bit it gives me I mean it just hits my exodus wallet
So yeah, well that the payout
Amount you put there is just by saying how much of what are you is it going to initiate an automatic?
Withdraw it doesn't change the the rate the ratio of of what you're getting
Yeah, I was just curious because I haven't tested that I just put it all the way down to the minimum
yeah, I mean I think the minute I think the minimum is is is good because like
They don't want you to be holding
A balance on there for real because like you'll get you'll get a a warning that'll pop up
If if like there's if it's something been sitting there, they're like, yo, you got to get the shit off
because of the whole custody thing
But yeah, yeah, I just always just changed. I just changed my address though every time like I get payout
put a different different address until hopefully they
start implementing like mweb addresses then
That'll be that'll be okay. But until then I just i'm not using the same address on those payouts
Well and like over at nice hash being in the united states, you can only get payouts in uh, bitcoin
I can't get payouts in doge
Um doge is the most profitable even though i'm con I was contributing
You know it just it they would withhold it so
You know if you're in the u.s. You only get paid out in bitcoin
That's not to care about off, but not to be sudden here, but I don't want to get too late
I started one more topic and all of a sudden i'm up till two in the morning. You know what i'm saying?
Well, I also wanted to say that I love this space
I just had to throw that out there. I've been listening in the last couple weeks
I love it. That's my favorite thing from uh
Rand the rand he messaged me. He said oh my phone died. I couldn't say goodbye to everybody
You know I want to say I love this space I got okay now I know where that one comes from
Wait, what do we got? Where's the chicken? There we go
Oh, yeah, all right, I might be up on here. I don't know I I like there's a uh
There's sometimes some good doge spaces. I like to go and goof around on but
Hey, man, you should you should uh start 75 hard with me, dude
It's a it's a fucking regiment, man
It's like oh, what is it? So
You sound fat because I am fat right now. It's a it's a mental mental discipline two two workouts
45 minutes a piece one inside one outside
Read at least 10 pages of a non-fiction book
But take a self-improvement picture every day
And no alcohol and then stick to some type of diet whatever you want for 75 days
But you don't you don't report to no one. I mean, it's just yourself
So what's the what's the non-fiction book you read? Uh, so
I jumped on michael easter's the comfort crisis, which is badass
Flaltered on but i'm almost done with it. It's uh called boundaries
Whatever. So the next one and I was gonna do
millionaire fast lane by mj demarco
Something else I got quite a few different books, but do you read the book in seven days at a half hour clip?
Unscripted like I had I I I like to read in general
So I was I started at going into it, but there are some there's some nights where I do more than 10 pages
It's just you have to at least do the 10 pages
Oh those 20 those half hour. Hey, uh, I got a non-fiction book for you. What's that?
It's a series of series of three the first one's called ishmael
Okay, let me check it out
And the second one's and it's pretty good story of b is the second one that one's really interesting
Kind of how human civilization developed and how we're how we got to where we are today
Yep, he had a handful of books. I don't know he may have died. It's been
That shit came out 25 years ago. My fuck is like 40 off on amazon right now
Uh, what and the other one was what?
So the first one's ishmael the second one's story of b and the third one's my ishmael
but they're all they can all stand alone as good books on their own but
But the first two and then he wrote one called um
Oh, so these are these are all three daniel quinn books
Yeah providence, I think is the other one
Like of some sort of like vision quest or something
That was more about like these principles that he lays out in the first ones like applying them to the real world today
It's a lot about it's a lot about the what he calls the agricultural revolution. Okay, you know, which is
You know when humans decided to start settling down and stop living as
Elmads right and everything that kind of changed
Once we controlled the food supply and how we we started to step outside of being
Animals and controlling our own environment. Okay
Which is a little bit equivalent to like
The garden of eden, right? Right
We were no longer we could see the world for what it was and we were
We saw ourselves as gods kind of for the first time
It's interesting. He's got a whole bunch of stuff. It's just it's a it's a philosophical thing. Yeah. Yeah, let's check it out
You might like uh, I think the other thing is you can't drink alcohol either for 75 days. So
No, I could do that, you know, I should do that there's a lot a lot of uh
Things where I go. Yeah, what do I need it for? You know, but I do enjoy it
I have a good time with it. Yeah, so I think I don't know
It's such a small time in the grand scheme of things, you know, I mean so
Like well, yeah, and I think for me more than anything
I always feel like diets and changes have to be things you can incorporate into the real into your real life
Because if it's like a temporary i'm gonna do it for 75 days
That's not real. It's like i'm never
Well, the thing is is like yeah, i'm never eating pizza again. Like well, that's ridiculous. Of course, you're gonna eat pizza
Yeah, you said you have to know how to do things moderately, you know, yeah, it's kind of like it's it's it's basically
It's getting that though that a regiment or or building those
Those blocks and discipline, you know
20 days or whatever, but really it's
Tends to take a little bit longer to get that stuff in grain
But andy furcella he's he's the dude out here in st. Louis that uh
Is the one that came up with it and he's got a pretty big
He started it but he's got so there's 75 hard and then and then there's a live hard program, which is basically it's like after
After 75 hard there's additional shit, but it's all free like that's the cool thing about it
It's like, you know, you gotta pay for it. It's just like hey, here's this
and it ain't easy man, because like the first three weeks when I when I did it like
Out here it fuck man. It was negative temperatures fucking rain and snow and trying to get that
one outdoor workout in and
So, I mean yours is like at the end of the day. Fuck. I got to do it. You know, just do it
But yeah, yep, there's bad. No, I hear you. I hear you
Yeah, I'm just I don't know man I've been kind of like
I keep going like next week next week again. I because I've had stretches where it man. I've
I get my ass in shape and
You know, I lose 20 30 pounds. Just walking eating properly
Walking my 10,000 steps and just not
Overindulging tracking my calories. Yeah, it's not hard, but you do have to get yourself in the right mental
To do it dude. It's crazy. You say 10,000. It's like the like the average
Like between three and like five thousand steps. It's it's crazy
No, probably less than that. What'd you think
It probably on closer to the 3000
Yeah, I mean I I was pulling like
Like during like it was like 17 to 20,000
Okay, yeah, that's a lot. Yeah
So yeah, I want to I want to get to like
Using my energy as productive energy. Well shit
You know bro sleep is like fucking magical
Like that's the part I can't I am not good at
Do you cut did you cut caffeine out too? Uh, no
No, I didn't I didn't cut caffeine out
But like my my main thing like diet wise was like
Because i'm big on like intermittent fasting
So it was like just sticking to the intermittent and then cutting out like all junk food
But the thing is is that because you got to do the gallon of water a day
You know, like there wasn't much room for
Anything else like gotcha, you know, like i'm fucking i'm up early anyway, so when I started
And then i'll try to get the other 32 ounces in before like
noon, maybe, you know 12 or or one o'clock and then because I don't want to be like coming up to like eight nine o'clock and
Fucking had to chill down my half, you know half gallon
It basically it cut it cut down
But just just in its own, right? Yeah
And so good. That's good. Yeah, so to sort of replace
I'm i'm gonna fucking put that vape down man, and that's like the biggest challenge i've had so far
Yeah, I know i've never smoked
That was in my life and that i've never seen the appeal of it
That's i'm not trying to be like a high horse
I just never got caught up in it, you know, my whole family everybody my family did except for me
Yeah, that's good. That's probably why because I was like, I don't need to get up
But yeah here is tough. Yeah, it's a fucking it's a beast. But yeah tomorrow
Shit, it is what it is, man
Step my fuck out. You're going you're you're going you're doing it. Oh, yeah
Yeah, because like I said, I had I had I had three weeks in it
And then and then I had that little fucking slip up and then I did another
Then it caught after a couple days and I did another week straight
And I just wasn't went into it, but i'm like fuck it. This this is
This is it right here. Um
main thing is like i'll say i'll say like a reminder to take the picture before the end of the night because like
If anything, I ain't letting that fucking slip me up
It's just it just keeps you on on point as far as like planning a day, you know
And like you said making things productive count
So so is the picture kind of like you can look back at like your
Facial expression and how you looked and all that type of stuff
Like what your interview was that day type of thing. Yeah. Yeah. I mean you've seen like it's you know, full body
For the most part, you know saying like usually i'll just do it like hey, hey look do whatever you're into. Yeah, right, right
But yeah, you see the progression and shit within the first I mean in three weeks like yeah, man, it was considerable so yeah
But yeah, yeah, it's uh, definitely if any interest anybody at all interested, you know always
Yeah, I gotta get my ass in shape i'm in the worst shape of my life
And that i've you know, i've been lucky i've been able to lose weight in the past it's not hard and i'm not like
crazy overweight or anything i'm just
Chubbier and i've ever been and it's like damn dude. I gotta get I just got you know
You just gotta get focused on it. That's all it is
It's just self-discipline fuck. Yeah
That's what being a bitch. That's what it's all about. Yep
Yeah, pick yourself up and quit, you know
Oh, I want to have my donuts or when I have my chips or whatever like nope that ain't happening. It's over game's over
Got to suppress the bitch. How much do I how much do I eat? Is that what you said?
No, I said yeah, you gotta you gotta suppress the bitch voice
No, it's just my weight. Is that what you're asking?
Oh, I weigh like I weigh like 190 which is more than i've ever weighed in my life
No, well it for me it is for me
Yeah, yeah, we both we should be walking. We should be
Burning calories and a dude is all about
Yeah, so I I should be in the low
170s realistic that and that's even a little away from me. I've been in the 150s 160s in my adult life
Um, and it's sustainable as long as I don't eat shit, you know sugar gets me
I don't know. Anyway, it's midnight. It's time to go
And alcohol get me i'd actually you know, and I drink but I don't drink an insane amount
Although everybody who drinks tells themselves that but I don't I'm not like putting back a
You know a handle a week or something like that
I don't know if I drank a six
Let's say in a week I would drink 12 to 15 beers
If i'm trying to if i'm trying to keep it diet, yes, i'm trying to lose weight. Yes
But i'm saying in general, I don't I don't look at that as like some kind of excessive amount
But I don't drink every day
I drink probably three times a week
Only because I don't exercise the weight gain is only gonna get no, but I know I I
My big thing is like I can get up and
My big thing is like I can get up and
And I'm not I don't want to feel like I can't work the next day or something, right?
That's the big thing. Like you said you you hated the feeling of alcohol
I have found it best depending on what you drink what you drink makes a big difference
Yeah, yeah, yeah and your timing, you know if you're
You can't pound beers. I mean
Like let's say let's say you had
I don't know whatever i'm not trying to like defend drinking people can do what they want
At a point where I I enjoyed it, but I try to monitor it, you know
Because you don't want to drink too much
I don't know feel like i'm in an intervention or something chief jesus
I don't know. I see i'm on water right now because it's gotten too late. If I keep drinking now, it looks ugly
All right, sounds like a plan. All right, it is midnight. I'm let everybody go. I appreciate everybody coming in every week
next not next week the week after that i'll be done i'll be off for sure but
Uh, it's gonna be on vacation but next week I might be here
Oh vacation coming up, huh?
I'm going to disney world bro. I'm going to disney world with the fam
Nice that should uh, i've never been
Keep making transactions in the economy man. Keep that's the benefits me grant. I love to hear it
So it should be fun for you and fun to keep all the money moving and
Look, i'm not the one who went and gambled on uh, whatever
I just you know, it's just a
It's always good when there's somebody keeping the money moving, you know keeping the money moving. There's so many people they never they just
Hold their money forever and they never spend but good for you going on a trip
I'm sure there'll be all sorts of things for you to buy too
It's gonna be ugly dude, it's been the most expensive thing i've done and I haven't even shown up there
Hopefully when you buy something some expensive gift shop item or something
But it's almost 200 per day per person to walk into the park
Uh-huh. What about parking are you parking? What are you are you flying down there?
You're driving and so you got the park. Were you staying at a hotel?
Yeah, yeah. Yeah for a week. We'll be down there for a week. We're doing three days in the parks
So just get in the parks for four people for three days is uh,
almost three thousand dollars
I know that's what i'm telling you. It's the most expensive share of not even taking a bite of food
No gift shop included no gift shops nothing
No, what about the fast pass?
Yep, dude, there's at universal studios
There's a the fast pass is more than the ticket to get in the park
But look at my kids don't like rides that much. So luckily they're not going to care about that
So it's like it's like 180 bucks to get in and it's like 250 bucks for a fast pass
So when people are telling you like I don't know how people do it every year
I mean fortunately, I got you know, that's
I don't know how the fuck people have so much money man. They're people
Like even I saw one thing I couldn't believe the other day, uh, it was uh
Uh, like a map of charting the planes that came back from the super bowl or something
Where they were going in the country like 800 people or something 800 loaded out loaded loaded loaded people go to the super bowl
I mean, I don't know I sure going to disney's probably better than the super bowl probably costs a certain amount of money
Are they gonna hit up the roller coasters
Not a lot. Honestly, I live I live near cedar point, which is like the
the mecca of roller coasters
And my kids don't really care about those. So if they want to go the roller coasters will do that and that's like
What have you looked at the park? Do you know what rides there are?
Yeah, they're nothing compared to cedar point
It's the point of the king. You gotta look up cedar point. They've got like the eight biggest coasters in the country or something
Okay, well, what what ride do you know any rides? I don't want to keep you forever, but okay
Grants like disconnecting
I don't know. What are you talking about chief? Oh, oh chief's talking
Well, he's gonna i'm asking about rides. Yeah, what are good rides?
You haven't looked up the park
Yeah, yeah, i'm i'm not gonna wait in line for right my kids don't want to go on rides. I don't need to go on rides
Well, what are you going there for? Exactly. Well, universal studios. My kids want to do the harry potter stuff, you know
All the harry potter world or whatever
Okay, that's a that's a ride whatever that's a ride. Oh, it was a whole city apparently
Yeah, I hope they suck every single light coin out of your stupid gold stupid ass there
You're you're walking. You're so angry about like going to disney, bro
Don't be mad at me because your mom's pressuring you to stop shopping and
So i'm just saying I think it's kind of funny
I think it's kind of funny, you know, just like the idea that of the dad at disney world that he's just
Everything is just a consumer scam that like you get off and you go in a lot of spring breaks
Anybody listen and have kids you go spring break
The commercialism stuff isn't it's not they don't even enjoy it. It's a big cluster fuck
so yeah, we're doing two to two at disney one at universal studios and then we're gonna do the beach a day and
You know a fun thing to do if anybody around here is kids
If you have if you live in a part of the world, you can go rock hounding
That's a fun thing to do with your kids
Go looking for cool rocks. That's a cheap ass
Gift for you right there. Right? Like my family. Remember that you're gonna have a family someday
Remember go looking for fancy rocks with your kids. That's a good
At least play the tiktok toe game or something
I'm sure we'll go on a ride. I don't know. I don't dictate the kids will do what they want to do
I'm sure it will be a good trip for you. I'm sure it will be good. Yeah, dude. I have a good time
I have some drinks for you guys
Yeah, hopefully they hit you with a fat dinner bill too or some fat some fat crazy bills no
They might they might but they're you know
My kids are pretty look i'm a
I'm pretty cheap, dude. So
Don't say that they love it. Oh i'm cheap i'm cheap
You know, I was just thinking uh before we this is a little bit off topic of the disney thing
But my favorite groups of people are you know, these people the the nano people and the dash people
Those are all amazing groups of people. I don't know
I I don't really know any
Nah, I mean I chat with them on here, but I don't I haven't talked to them in spaces
Nano or dash dash especially. I don't know anybody besides that joelville as well. I don't know a single dash person
That's the only dash guy, you know
Just a cool name for a coin dash
Yeah, it's like mrs. Dashmer mrs. Dash
No, I don't know mrs. Dash's
All right. Well go to the store and buy mrs. Dash and put it on your food and you'll thank me for it
Mrs. Dash sounds like speed racer. I know speed racer
It's a non-salt additive for food. It's actually really fucking good
All right, i'm i'll see you guys later everybody have a good week. Okay. See ya. See everybody. Take it easy. Bye