Hey, then you my friend. How are you doing? Jam Jam. Hope you're good my friend
How you doing? How was your decision? How was your recovery going? You was weird You were dope. It's our nod. No, no, no anymore. But everything that is on the face
is very agressive, you know, it's kind of violent. It was weird because I don't know the name of the two women in English. Let me let me let me start here.
Yeah, drilling machine. No, I felt like I felt like I felt like I was a wall. No, it was very, very weird. But yeah, this is
I was very agonino. Yeah, I was shaking. I never ever shake it by fear, you know, just, you know, cold. But fear was the first time I was shaking.
very very weird. I didn't feel the pain of course but I felt you know the sensations of the the drilling machine.
like you wore, you wore being like a search it or something like that being like preferent and I know the name exactly but you'll feel it you'll feel it out exactly exactly
But well, yesterday was a good day. I didn't work and watched a movie. It was nice. You know the rule. Which rule? The rule that if you go to the dentist in the
to go to buy ice creams. Oh yes the rule okay yeah the main rule but I feel like I lost one year of crypto market when you're off web3
Yeah, exactly because one day. Oh, I front of mine is here. I front of mine is here. How far was here?
Welcome. Yeah, but she's not anymore. Okay, but I feel like I feel like I've all said one year of crypto market because I was one day just one day
Yeah, that's what happens often Danny if you get one day off you have this kind of feeling
that a lot of things happen. Equally hard to do my friends. Everything nice, nice and fresh. How is your day starting?
GMGM friends I started as usual if a lot of things to do with less time than I wish I had but that's it another day another story yeah another day another story that
That's the our quote now. My book charger is not working anymore. I just bought
new but I'm working in a big computer and I am feeling everything weird so if today I text you you know weird way it's because I'm not on my notebook
Yeah, no problem. You can use gifts to communicate with us. Okay. How will the big story of today and yesterday, mainly yesterday, but we can talk today is as we have been
arrested by Bahamas Royal Palace. So this is something because we talked yesterday about Alexey Perseve being a
being in bars and SBF, the BS camera and fraudulent person in this space was free. So what changed it? What changed it could be from yesterday to now?
Yeah, so I posted some stories yesterday and I think that Bahamian authorities saw my stories and decided to arrest SBF. I think that's what happened. Because I was very, very angry on my stories. So I think that probably alerted something on them.
But actually, I don't know what changes. They just basically arrested SPF on the Bahamian authorities. And the interesting fact is that SPF would have some kind of trial. It's not a
He had a hearing today on USA, so that's interesting that he was arrested yesterday. A lot of people are speculating that he was arrested because some people went to the Bahamas to protest, like on the
of SBAF house but I don't know, I actually don't know what changed from yesterday to today, like causing them to arrest SBAF. It's literally a mystery but it's interesting to see that they are already talking about
some kind of prediction for USA. So things are not looking good for us same right now. And I really do hope that this situation evolves in the best scenario possible for our customers because even though Sam always
He says that he's trying to get customer funds that he can try to help that some deal is being made on the shades to try to help as FDX.
I don't actually know what's happening behind cartons. So obviously, he's a crazy guy talking about a lot of crazy things, and joining spaces and basically at the meeting that he committed fraud on FTX.
and he and he at the time tried to say that he's sorry that he should have had no better and etc. So that's all that I know right now and I really do hope that we see Sam on a hearing trying to explain to
the ticks and judge what happened with FTX. And just an interesting fact that I'm going to say here, I'm not trying to cause any thought, but FTX broke with 3 billion, trying to, with 3 billion dollars
We've drawn from that change, or 6 billion. I don't recall exactly, but we are seeing a lot of people withdrawing their money from Binance. So that's, I don't know, a lot of people are spying that Binance is not in a good situation. We can't talk more.
about that later, but just to point out this. And to say that, I'm really glad that FDX is arrested. And I really do hope that we have some closure on this story. I don't know, maybe with Carolina also being arrested for a limited research, but life won't step at a time.
Yeah, that's that's huge news. Binance and F10 SBF being arrested. Permiss, dude, how are you my friends? How are you doing today and how are you thinking these news? Good morning guys. Morning. I just went to
go first to excuse me guys for changing the subject real quick I just came up here to compliment her with a new profile picture it looked amazing man congratulations thank you brother I want this about it it was a
gift that I won yesterday. The Uncanny. Yeah, a few good country club has a collection of the editions. And I was gifted by this custom one that represents me. If you look closely, there's a hammock hanging in the right side.
Congratulations, you're so amazing. I'm so happy. I'm so glad and so proud of being chosen by my code and breezy.
this time I couldn't be happier. Me and about SBF being arrested I think as as Kryptonite mentioned it is just the first step. We don't know like it's like what a type of prison is that if they are just
I mean, he's not like, he hasn't been judged yet, right? There wasn't a trial, so it's probably something like a preventive custody of something like that, but yeah, I mean,
What would make everybody happier to have the phones back but it doesn't seem that this is going to happen. So for him to be arrested as close as we can get from justice because all of this
was bullshit, right? This from the very beginning when they were like lying in about the situation and all this hacking stuff which doesn't fool anyone, I believe that everyone
Everyone knows that there was very shady things happening there. So it's kind of rewarding seeing him being arrested. I think everyone feels like a relief on it because when you see bad people receiving what they deserve,
everybody have joy right and about Binance I already told you guys I'm not like too much afraid about Binance situation because I haven't seen anything like concrete so far just like kind of
the gossip and nothing that can really, really shake the earth for us. But I believe that people are trying to click bay, toss and to get engagement. Of course, they are certainly searching every single
think that they can find to to to write a headline about Binance being you know in a bad situation because it would be huge right if you haven't a privileged information right now about anything related to Binance and that can put
all the marketing risk you receive all the engagement of the freaking web tree will be following you. So I believe that people are trying very hard to find something just bad to say about Binance but I see no reason for Binance to be in a bad situation because they seem like so
they are not doing shady moves as creating you know investment companies or anything like that they are just an exchange and a very good one in my opinion as a user I have nothing to complain about Binance I find their services good
and I like the the content that they create, you know, so I wouldn't worry about Binance and even if I see something like a headline or anything that can indicate that they can probably or being in problem or anything
I would wait for something very concrete to be more about you know. Thank you dude my friend. You are an angel investor just like me. I'm happy that you like my profile picture. I hope you get yours soon enough too.
and be more down there flexing his slime man which is one of the additions to we love it we love him too and I'm very glad that you guys are here together with me because we are all big family thank you guys looking neat with this profile picture
Congratulations to both Expector you. It really looks amazing and fits you so greatly that I can express. I'm feeling very much much love.
In you, Simu, what do you use your take on Binance and especially SBF arrested?
I don't think I should be feeling happy, but I think he got what he deservedly and it's a nice feeling that just it has been done, that like so many people get arrested for the wrong things that this guy
sorry for the word but fucks everyone around and get to play games on his fucking mansion on the Bahamas it's not too worth it and it's not right you know it's it's I don't know it's a crazy thing to
to be happening in this word right now. And about Binance, I think it's about their management. It's like what they are doing right now to lower their risks and to secure their investor positions and the clients positions.
in their ecosystem. So I think it's what they're doing from here on now and to guarantee the money that people have in there. So we don't have another FTX episode happening so soon.
Yeah, that's something that is kind of war in the markets, but we know that That's the thing that it's kind of funny F-Tex was for mostly of the Wikens that happened the fight between CZN and
SBF was portrayed as a solid institution for a lot of players, for a lot of investors, experienced investors. SBF and FJX were something solid in the market. So, by this
same trust that they did before being broken and crashing all the way down. So the thing is if something like that can happen, can happen with finals, that's the line of thought. Why? What
I think personally it's that nothing major will happen. But anyway, it's always great to move on to dress list, dress list smart contracts or your own wallet, then being subjected to this kind of Easter
that you need to feel comfortable and trust their way of doing things. You don't know the leverage they are doing, you don't know what things can cause a spiral of that. You just don't know, you just trust. And that's something that we need to avoid in this kind of
system because we have a legal appease and between a little legal vacuum between the legal system, the legal contractual system regulated by ACC and their friends and the
other regulatory agents and we have this smart contract world. In between we have a shady world that is the centralized exchange world and other centralized institutions there in the gray area. And that's the most of that gray area is not
their fault but they are in this area that is not protected at all, not by cold and not by legal systems. And that's worrying and that's the place that you don't want to be. We yesterday talked a little bit about the tornado cash.
case about Alexei Persev. And I want to tap into this a little bit more because it's something that it's I think we'll go once again in Defry Manstream but means a lot for open source code and open source
movement. How do you think this world will be? Do you think people will forget these kind of things that he is in jail? Or do you think that this will become a major battle and then you will look back and this case will be relevant as legal precedent?
His question is mainly for Kuri because me and talk a little bit about it this yesterday
just depicting it to today. Yeah, so it's tough to say like it's tough to say right now because we have a lot of things to to get to dive deep like to understand like if they if the authorities on Amsterdam understand
what crypto is, what open source is. As we talk yesterday, I saw the find commentary about it's called War on Code and I'm certain lawyers that specialize in digital law set some interest
things about this whole situation of Alex herself. And like if he gets some kind of sentence, probably it's not going to be good for the persistent for the people who develop at that for the people
code and for the people who praise privacy. But it's tough to say anything because the case is so shady but so shady that we actually don't know what's happening. We don't know what's happening with Alex. He basically is
arrested for more than 100 days, we felt that we had any kind of contact with people outside where he is. So even if he is his girlfriend or his spouse, he basically went offline from one day to another.
And I do think that if he gets some kind of cent as if he ends up like getting some bigger time in jail, it will probably get some president to the whole European Union jurisdictions.
And it's tough because they have some kind of not going to say laws but hey they they are strict in a way With crypto with blockchains with this whole technology new technologies Not as strict as SEC, but they are developing a lot of flow
a lot of projects to try to understand better what crypto and blockchain technologies. But in the end of the day, it's too soon to say anything friend. I do think that this Alexit trial deserves more media attention because
It will impact a lot, not only with the law part, with some kind of precedence part, but also with how we see open source, how we see privacy, and not only us that are already into the right hole, but these will go to the books like
We will go down on the crypto history because we will see someone who basically developed a code, arrested, taken away from their normal life just because they published some open source code.
If I were a dev or developer or if I were developing something regarding to privacy, I would be very scared right now. I don't know how I would react. But it's tough man. It's very tough because in the end of the day they are probably going to make him pay for
something that he didn't let me rephrase that. They are going to make him pages because he published some open source code and they are going to try to make him an example of what you shouldn't do. So we have a lot of privacy
Solutions coming not as not as dorito catch like we have stark net in a lot of other protocols and I don't know if I if I were there I would be kind of scared like where where this where this thing I go into like I shouldn't be
coding some some some some privacy code right now and I don't know man it's very tough to just say it's very sad for the ones that really praise their their privacy but not not not only that like we we know that Hoss Ulrich is arrested right now
dealing with two I've sent us. I'm not going to say it's the same story. I think Ross did something bigger, very, very bigger, much bigger than Alexi, but it's kind of the same thing. He was just taking an example of what you should not do.
a few years later we know that the DPUAD have a lot of marketplaces that you can basically buy anything used crypto currency. Sometimes not Bitcoin but you can use like some kind of monero or other privacy coins.
And I promise that I'm finishing my, my, my, my, like what I'm saying here. But at the same time that we have Alexi, we have Ross, we have some privacy coins that are here. So they are here. And with, with the cash for
example you can make transactions without getting anyone to understand what you are transaction and what's the future for these privacy coins they are going to go after the people who founded like the foundation behind this crypto currencies I don't know that's something to keep in mind
And that's something in my opinion too, kind of worried because I don't think it would be fair if people go after, I forgot his name but the one who basically founded the cache. I'm going to take a look here but there's a lot of questions.
that we don't have answers yet. And I don't know if we should have answered right now because if we do, it's not going to be some interesting answer for the whole crypto system. Maybe some answer for the law for the people who are making politics but not for crypto.
Yeah, exactly. If you want to know what you are talking about, you are talking about this documentary of the defined called The War on Code. Talking a little bit about the story about, let's say, Perseve. So it's a good deal.
It's documentary, it's a little bit short. I felt that was short. I wanted to know more because things are folding right now. So they don't have any subject like the future. We hope things but we don't have anything yet.
But a very good one really raises the question about open source rights in the relation between code and free speech. That's one thing that we wanted to really pay a thing
because it means a lot for our ecosystem. TAPE needs to CPI results. We have a pump today in Bitcoin and Ethereum because of customer price index reports.
that were a little bit cooler, a little bit is new today and it means that the prices are not going up for mostly America
consumers. This is related to inflation in dollars. So what do you expect, Gudi? What do you think we need to expect in this recovery, the script recovery in face of inflation going slower?
You were asking the worst person to talk about like some traditional markets, traditional markets, like the ex-e-e-caters, but I don't know man like It's tough to say because the macro situation is not good right now. You're saying like even though a lot of people don't know
remember this we are leaving in a time that there is war happening in the world like Russian versus Ukrainians are basically battling so we are leaving some dark times we also just just I'm not gonna say pass it but we are
trying to win some pandemic times even though a lot of places in the world are already already forgot about it but we are dealing with some some crazy crazy times like some elections here in Brazil I know that there is a lot of rumors happening in US regarding to
lobbies to President Biden. So it's the word's not that great right now, but I don't know, I think I really do hope actually that we already pass the worst times and things start to be a bit better.
better on the macro scenario because I'm seeing a lot of people complain about it, not only crypto people but people as a whole. And I know that for a lot of families, like Renau, it's very hard to maintain their sanity. And I just
like watch it some news saying that the government of California just declared some emerging state on LA because of how the people live in non-street so that never is a good indicator so we are on a
We are going to shit. We need to do something to change that. And the solution is not to bring money. The solution is like try to recover the economy. I don't know, but the solution definitely is not to bring more
money and try to say that we have more money on the economy that we are all saving. No, that doesn't work. The economy doesn't work that way. So that's my take. But again, I'm not, I'm not especially on that. I'm just saying what I hear and what I read.
Yeah, I heard a lot about how the next year will be a macro down here. And this means
for most people recession and not in a not evolving economy just a economy that is healing itself. I think this
This is my own take. I think this is what markets expect because markets are most of the times more passments that they want to be because this is kind of this mark way to deal with things because if you are a pessimist you are a
had in front of this possible problems or downs. So it's very interesting this attitude of the most hedge funds and markets to protect themselves.
But in the other way, the indicators are becoming too normal and kind of revealing healthy, healthy markets. Not only macro, but crypto markets are becoming healthier.
as we speak and I think that this is my own thing. I think this will be lead to a good next year, but not a year of speculation, a year of creation of utility and projects that we
bring utility will bring liquidity. But that's that's my own take. Thank you guys for being here. Thank you guys for sharing the news, sharing what your thoughts were in a lot of things that we talked about about SB
about what's happening with violence, what's happening with Dornado Cash and other players. Thank you guys for being here. Jam Jam, have a good day and see you tomorrow. Bye. Bye.