The Mint Condition: SEC Seizing CZ’s Securities

Recorded: June 5, 2023 Duration: 1:08:48

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She musters all smile for his nostalgia tale
He'll never come and hear what he wanted to say
Or let you realize
He never really was
Out of place in his life
Never made her day pass
As she rises to her polity
Anybody else would surely know
We're watching her go
Do you see
What's that noise about her
To reason away
Who can see
Wow, what a banger
Again, putting me in a good mood chamber
Thank you, I was in a mad mood today
I would dare say
Bad, a bad mood
If the dulcet tones of Michael McDonald can't bring you around
I think we're done for this world
That's fair, that is very, very fair
Welcome to the main condition, folks
It's Monday, it's, you know, Apple's WWDC day
It is SEC Binance Reckoning Day
We got so much going on
I'm throwing it over to you guys, Chamber, take it away
Are you even paying attention to any of this today?
I cannot wait to find out what's happening today
I did not know there was all this news
Yet, here we are
Bunch, are you going to tell me all about this today?
GM, I guess I am
Because that's the way this show works
Welcome, everyone
And thank you for joining us today
Shall we kick it off proper?
Hello and welcome to the main condition
I am Bunch, alongside my esteemed colleague and co-host, Chamber
Chamber, how you doing, buddy?
It's Monday
I'm pumped up with some What a Fool Believes by the Doobie Brothers
Are you a big Yacht Rock guy?
Yacht Rock, I would say
No, I've actually been specifically boycotting Yacht Rock
Until I can afford a proper yacht to listen to it on
So right now I would qualify myself as like Tugboat Rock
That's where I am in my life right now
Big Tugboat Rock guy
Dingy rock
Life boat rock
Those are more my speed
And I would argue that Yacht Rock, I would consider also to be Golf Rock
Oh, Golf Rock, okay
I've been to Golf Rock
Yeah, I could get a little Golf Rock
I mean, I don't know how
You know, I don't know how stringent you are with the rules when you golf
But sometimes if we're having a, you know, it's a Sunday
We're out with the boys
And we're, you know, we're having a good time
I like to bring the Bluetooth speaker
And we pump some tunes
And Yacht Rock on the golf course, man
Get out of town
No better music
Yeah, I think that's fair
I am of the opinion that I'm pro music on the golf course
It's not a must-have for me, but I am pro
So if it's your thing, I'm into it
My dad, on the other hand, very much old school
He is not a music on the golf course guy
So if I'm playing with my dad, there's no mollies either
We do a little breakfast ball
It really just depends
You know, he's just a purist in the environment, I think
Old school
Yeah, old school
My dad's a pretty good golfer, though
By the way, I shot my best round of golf a couple weeks ago
I mean, it's not a good round of golf
So your best
But it's my best round
Like the best round of golf ever?
Mine, yes
Okay, I'm going to say 91
It was actually a 92
Ooh, that's good
That's a good round of golf
There you go
It wasn't
It was a pretty difficult course
So it wasn't
It wasn't, you know, not so easy that
Anybody could go out there and score 92
But it was a good day
I was playing with my dad
It was one of those days, though, that I did not feel like I was playing as well as I was
You know what I mean?
And then you add them up
It wasn't that bad
I definitely could have saved myself a few more strokes and broken 90s
I was going to say, was it a 92 because of lack of snowmen?
Like mistakes?
My buddy came down in March for March Madness
And we played a couple rounds of golf
And he had just bought a brand new driver
And he was letting me use his old one when we were out there
And I was hitting it really well
And he goes, you know what?
Just keep it
And so this was the first round I had played since then with this new driver
And I didn't miss a fairway
It was like I literally
My bad shots were in the fairway
And so I was, you know, it definitely helped
I wasn't losing balls
I wasn't taking drops
It was so that
Yeah, that's a very solid round of golf
A lot of people don't realize how shitty everybody is at golf
Oh, yeah, it's so funny
I was saying this the other day, actually
Because I did
Over the weekend, I was at a bachelor party
And we played, we played on Friday
We played like a little par three
And it was because some of the guys don't play a lot of golf
But we wanted to get out, do something
So we played a par three course
And like, you know, I'm playing with people that maybe have played golf once in the last six or seven years
And I kind of said to like, they were getting frustrated originally
And I'm like, dude, you don't understand
Most people are terrible at this
Ninety-nine percent
Ninety-nine percent
There are, most people are very, very bad at this
So just enjoy the sunshine
Enjoy the company
Smack a few around
Don't worry about the score
What's, what do you think, like who do you think in like, in like Web3, Twitter
Is a good golfer, like without actually knowing
Like who do you think would be a good golfer?
Like at our, yeah
I mean, I know a couple like Boots, like Boots
Boots is a good golfer
Interesting
I mean, I'm just talking war with folks here that I know
JP golf's a decent amount
JP's probably decent
Yeah, JP's decent I think
Anthony plays a lot of golf
Sugar Shane last week got his first hole in war
Yeah, so I mean, we got some golfers here
I've never
Have you ever had one?
I've come close a couple of times but still, still eluding me
Yeah, I have not gotten a hole in one
I probably never will
But it will be a day if I do
Have you ever been with somebody that got a hole in one while you were golfing?
No, I wish, that would be just so incredible
My dad has gotten a hole in one before
But I was not with him
I golfed with one guy
And this is not a guy I golf with a lot
Two times I golf with him
I probably golf with him three times
Two times had a hole in one
Only holes in ones he's never had
Have been with me
Get outta here
It's crazy
It's great
That is wild
Yeah, no, it's
That's crazy
So it's a
I wanna throw it over to
Gotta throw it over to Mackey
A bunch of Mackey's a golfer
Let's see what he's
I wonder, Mackey, you a golfer?
I grew up in a family of golfers
My family owned a golf course
Like my extended family for a long time
One that Barry Sanders golfed at
Until everybody creeped him out
Which is pretty wild
So I can confirm
People are bad at golfing
It is not an easy sport
Yeah, it is very difficult
But it's also very fun
If you have the right mindset on how to approach it
I drive balls whenever a family member dies, actually
That's what I go do
Oh, as, like, respect
Or, like, right at their tombstone
Which are we talking about?
Like, right
Actually, I tee up on their tombstone
No, no, no
I'm not really sure what it is
It's just they
It's an easy way to
It's just cathartic
Yeah, yeah
And it's a good dedication, I think
Yeah, so before we go to
Or let's go to J-Web first
J-Web, GM, how was the game last night
Outside of the outcome?
GM, it was great
The atmosphere was insane
It was highly entertaining
J-Web is still going to these games?
J-Web went to the finals, baby
How much money have you made in Web 3, man?
At least 10
At least 10 Apple headsets were
I wanted to share a golf
So I'm not a golfer myself
But this is a pretty wild story
When you guys are on the subject of
shooting a hole in one
So this is kind of a sad story
A friend of ours, who was a client
when I was a trainer
Her son was a golfer in college
He was actually
I don't know if you guys remember this last year
There was an incident in Texas
where, like, a golf team was killed
in a car accident
He was one of
Unfortunately, he was one of the people
killed in that incident
Oh, my God, wow
One of those amazing, like, holy shit
The, like, universe is fucking crazy
And I think it was, like, his first or second hole in one
He's been an avid golfer his whole life
So just absolutely wild
Gives you goosebumps kind of a moment
That is, that's incredible
Wow, what a story that is
I mean, that's a good way to end the golf talk
I think that tops it all
I gotta find this video
I'm sure it's on YouTube
Oh, I betcha, I betcha you can find it
I can find it and I'll share it
I'm gonna get emotional
I'm gonna get emotional watching this
J-Web, you going to any more games
or was that it for you?
I think that might be it
Like, I think I used my good luck
Like, I went to two Western Conference games
They won the first finals game I go to
You know, it's their first home loss of the playoffs
I think I need to watch Game 5 from home
Fair, maybe in your new Apple Vision Pro
What do you think?
Well, that's not coming out until
I'll have to wait until the 2024 finals
You'll just have to repeat next year
Yeah, I need the nuggets to win me some money
So I can afford one of those fucking games
I gotta ask J-Web
Are you paying out of pocket for these tickets?
Like, I'm just trying to do the math in my head
And I'm like
Yes, and don't worry, don't worry about doing the math about it
We don't need to discuss how much money
Do your kids not want to go to college?
Is that what it is?
College is overrated
They're gonna be going to college
On their Apple headsets anyway
So who fucking cares?
That's right
That is right
Chamber, how was the show on Friday?
It was polarizing
It was polarizing
Wow, okay, that tells me
Did you not listen to it?
I was incapacitated
Just go back and look at the title
That'll tell you everything you need to know
Oh, man, what is the title?
I think I saw the title
And I'm gonna go look for it
I think I saw the title last week
It was Kanye West and Taylor Swift
That was the title of the show
That was the title of the show?
Try to see if it...
It sure is, huh?
Interesting
I'm not really sure what you could have possibly talked about
I guess those two things
Those were the two things we spoke of
We literally spoke of nothing else
Those were the two things we spoke of
Interesting
Okay, fair enough
I did see in our TMC chat
After we get off each show
We give the ol' attaboys
Hey, great show everyone
And I did see Payne, I believe, say
Yeah, Bunch woulda hated it
So I specifically stayed away from it
But look, I mean, the bottom line is
If I don't show up, I don't have a say
Those are the rules
I don't necessarily agree that you would hate it
I thought it was good
I just don't know where you fall on the Taylor Swift conversation
I don't even know what is there to talk about
Is there a new controversy?
No, no, no
I basically, you know, TLDR
I basically said, yes, Taylor Swift does lots of good stuff
You know what I mean?
Like, she tours extremely well
Puts out a lot of music
But I'm of the opinion that they are mid-songs at best
I don't think she actually puts out
She puts out a lot of songs
They all, you know, stream well and go up the charts
But I think on looking back through the years
I don't think they're banger songs
I think we look back 25 years from now
They won't have the same cache as Michael Jackson
I equated it over the weekend
After doing some Taylor Swift research and listening to a lot of songs
I argued that Shania Twain
I love how, like, all these things that you're saying are
You've done this a couple times now
I think Grant Cardone was the last one that I remember specifically
Where you're like, yeah, no, I was totally just doing this for research
And not listening to the entire Taylor Swift catalog on my own
And then you now made an event out of it to make
To justify the fact that you were alone listening to Taylor Swift
I was not impressed
I argued that Shania Twain has more bangers than Taylor Swift
Todd, did you tweet that the other day?
I did, yeah
Is that what started this thing?
I see, I see
I do remember seeing that tweet now
And that's good
Cool, well, I mean, there is a lot of stuff actually going on
Yes, let's get into it
Do you want to talk about some of it for a little bit?
I mean, otherwise, you know, you and I could just do a full recap of
Season 3 of I Think You Should Leave, which, you know, which is what I actually want to do
Before we get into it, I do need to do a check-in
We haven't, I specifically don't know what's been going on
On the pitch, as they call it
We need an update on Coach Chamber
How is it going?
Do you regret your decision?
Have you been utilizing Chat GPT at all to help you with your coaching?
Give us a quick update on the, on Coach Chamber
I would say overall, I'm finding a lot of
I'm getting a lot of, you know, personal pride out of it
So this is a fulfilling endeavor for you now
I am fulfilled
More than you thought you would be
Way more, way more
The kids are excited to see me on Tuesdays and Thursdays
I would say the only
Are those game days or just days you have custody?
I would say the only downfall is like
Half of the team
Not interested in playing soccer
Yeah, which, you know, from our epic soccer episode
We did know that that was a possibility
So I'm firm but fair with minutes
So everybody gets an opportunity to play
If they're not actually playing the game of soccer
They get pulled for kids that want to play
And then I send them to their parents
I do have my one
I have maybe like three kind of top tier kids
That do 95% of the scoring
I would say my best player is also my dirtiest player
That is a tough line to balance
Because you don't know whether to like
Discipline that player
And, you know, let them ride the pine
To show them the proper sportsmanship
Or, you know, you want to win
Yeah, so I definitely, as you can imagine
Now how dirty can like five year old golf
It's pretty dirty
He is like jumping in front of people
Like a lot of hip checking
And a lot of hitting and getting in front of
And getting in front of the legs
You know, some questionable stuff
So I've had a couple conversations with them
The coaches, the opposing coaches
Talk so much shit
And then when they start talking shit
I really get
That's when I let them play more
If nobody says anything and I know something
I'll kind of have a talk with them
Yeah, you know, we can't do that
You know, we can't hurt the kids
We're here to have fun
You know, we can't go breaking legs out here
So I did pull him
The last game for like all of 30 seconds
Now does he does he understand
What he's doing out there that makes
I think so
Him the consequences
I think so
It also allows him to get
All these tactics that he's using
Are allowing him to bust loose
And, you know, get some goals
Right, I see
So there's a reason he's the number one scorer
I see, I see
Okay, I have some follow up questions here
Before we move on to real stuff
But I got to go to circles here first
Circles GM
GM GM Chamber
So it's your daughter who's on the same team
So you said half the players want to play
The other half doesn't
Which camp does she fall into?
She's a great question
She is right on the line
She's not my worst player
She's not my best player
But is she at least interested in playing
Sometimes
We do have some late games
So some of the games are at 6 p.m.
And some of them are at 7.15
That's 7.15 game is tough
For a lot of the kids
They're all five
I mean, that's like bedtime
Yeah, they're all five years old
I've already lost one kid
Just not playing anymore
Because the games were a little late for them
Interesting
That was going to be one of my questions
So now, knowing she's right on the Mendoza line
Does she get her minutes cut accordingly?
No, shoot five proper off
I put her with the best players
Like her plus-minus is through the roof
So you're padding your stats
Absolutely
For the scholarship that's eventually coming
Yeah, absolutely
Okay, so some of my follow-ups here
How many games have you had in What's Your Record?
We've had three games, we're two and one
Wow, okay
What do you say to the children after a loss?
I was, I literally, so the one loss we had
I was missing three of my best players
And I was getting, like, we lost, like, 10-1
And I was like, they're eating your lunch out there
Like, I literally, like, put a fictional sandwich to my mouth
And, you know, told them that they were getting their lunch eaten
That one I was frustrated because, basically, the team was full of non-players
I could barely feel the team
You got to manage your bye weeks, you know
You need availability calendars for all of your best players
To make sure that they won't be missing at the same time
Yeah, it was a tough one
Okay, so interesting
Two and one
Have you utilized the chat GPT at all for practice?
I've used it for just how to, like, speak to kids
I speak to my kids
Ah, I like this, okay
A little interesting wrinkle items coming
Yeah, just to try to explain, you know, things
As you can imagine, you know, the conversations I have with my kids might differ from a regular kid
Yes, you're like, I would call your parenting style honest parenting
Yeah, I think that's fair
So, yeah, just little tricks to, you know, how to explain things
How to keep their attention, stuff like that
Okay, interesting
What is the, what were the results that you got from AI accurate and useful
Where, like, where did it, where did they work?
The one thing that sticks out is get to their eye level
So I'm a, I'm this, you know, you can imagine a bunch of five year olds around me, I can barely see them
So squatting down and really getting to their, like, eye level when talking to them
Especially individually has helped significantly
Interesting
Which I didn't think, yelling down at them from a top was my go to move
Well, I mean, you know, one would just like, it's a very obvious thing when you say it like that
But, you know, when you've put it into practice and can see the results
Very interesting
My knees are just on fire though, that being said
I was going to say, do you have to explain why you're on the way down for them not to be scared
Like at this gigantic behemoth approaching their eye level
It's so funny
Some of the, like, my daughters, like, I was talking to some of the dads
And she doesn't see me out in the world that much
So now I'm interacting with the adults and she's like, you're a monster compared to that
I'm like, yeah, I know
They're not scared of me at the house, but when they see me out in the world, they're like, oh, shit
This guy's a, this guy's a wrecking ball
That's fantastic
What was my next follow up question?
I forgot it, it left my train of thought
So let's go down to circles and I'll try to rethink
Two follow up questions, are there other parents that are participating in the nepotism, fellow coaches that are pushing their kids forward?
I know of one other coach
This was actually supposed to be the coach of my daughter, but they ended up being on the same team
He definitely prioritizes his daughter's minutes, I've noticed
Oh, sorry, go ahead, circles
The other question is, are you using GPT 3.5 or 4 for your problem?
Say it again, sorry?
Good question
Are you using 3.5? Are you paying for GPT in order to get these problems?
Are you using the free version?
The free version, correct
Oh, interesting, I wonder if your coaching would be amplified with the advancements of GPT 4
I'll have to do some prompting for you
My question was, what do the other parents... A two part question
What do the other parents think of your coaching style so far?
Have you had any parent parental run-ins?
And then a follow up to that is, what is the best halftime snack you've had so far?
So, no real snacks
Kids just bring their water bottles
I asked the parents if they wanted me to bring snacks
They all said no, that they would bring their own
But they don't really have any snacks
My kid just brings a water bottle
We're only there for like 45 minutes to an hour
As far as interactions with the parents, I think they like my style
They know I'm competitive
I talk... You're allowed to...
The coaches are allowed to walk, kind of go up and down the field
With the kids to kind of instruct
So I talk a lot of shit out there
Especially when we score goals
And I hear the crowd backing me up
A lot of laughing
A lot of applauding after big goals
So I like to pump my kids up a lot, especially when we're winning
And then...
I mean, this is all a fantastic update
I feel like this was long overdue
I'm impressed with your skills so far
I'm glad that you are fulfilled
It was a little touch and go there for a minute
But I think it sounds like you're just having a phenomenal time
My last question before we move on is
Is there a public link in which we can vote for you for Coach of the Year?
If there is, you will know about it
I haven't seen one yet
Oh my god, Coach Chad came in with 1,300 votes
That's so crazy
Second place, 13
That's more than the entire province population
Oh my goodness, how did you get it?
That's awesome
Alright, we've got a lot of other things going on
Now that we've gone through 26 minutes of nonsense
And housekeeping chamber
I think there's big web 3 slash crypto news going on today
There's tech news in general going on with the Apple announcement
Where do you want to start?
I actually want to start with neither
I want to know what's happening with Frank
Okay, so Frank, for those of you who...
We talked at length about this on Coffee with Captain
We can touch on that quickly then
Well, Frank and Kevin showed up to Coffee about midway through
Let me just check our audience right now
Let me just... not here
Frank is not here
However, they announced yesterday the DID
Which is their new kind of social media initiative
And he's got a tweet here
I'll see if I can pull it up top for anybody who's interested
I'm looking at the tweet now
So it says, quick technical breakdown of the three coolest things about DID
Is it like DID or... is that where it's at?
Yeah, like DID
I'm trying to find it and this dude just tweets
Shoutouts to our buddy Jack
Who I don't know if he listened much to the show
It's a little late for him
But he's been grinding out those Twitter threads the last couple weeks
And Frank retweeted his
So he got some love
39,000 views on this tweet
Which is pretty cool
So our boy Jack doing good things out there
I'm still trying to get to this tweet
Can't find it anywhere
I just pulled it up on my computer here
Yeah, well, that's the problem
I have it pulled up on the computer
But I wanted to put it in the nest
But I put Jack's up there instead
So we'll go through his tweet
But Jack's got the full breakdown up top
So basically what they announced here
It's wallet authorization
Basically the TLDR of this is
They've connected the social sharing
Like their main dGOD's Twitter accounts
Now will all auto follow and unfollow
Based on your wallet holdings
So he teased the other day in the V1
That a platform that's offering unique wallet authentication
Twitter integration and enhanced web3 profiles
And so basically there's the DID plus wallet
And it offers authentication for ETH, Polygon, and Bitcoin
With wallet delegation to minimize security risks
DID plus Twitter
Connect your Twitter account for streamline interactions
With dGOD's youth communities
And then the V1 coming soon
So basically they pen this as a cutting-edge platform
Designed to reshape how users interact with the web3 ecosystem
The platform's functionality can be broken down into three key areas
Wallet, Twitter, and user profile
In the realm of wallets
The DID brings an advanced level of authentication
Providing a much-needed feature
And an industry plagued with security concerns
Furthermore, it introduces the concept of wallet delegation
So we all know what that is
With this, users can authenticate their cold wallet
And avoid the risk of association
Or associating with repeatedly accessible hot wallets
And the platform's integration with Twitter
Enables quick community building
Upon connecting their Twitter accounts
Users will be followed by the main dGOD's and youth's accounts
And shortly a feature will allow users to one quick follow
All verified dGOD's and youth's NFT holders
So kind of interesting
There's some, I think, really interesting community and social aspects of this
To me, the technical thing that's interesting is
The combination of being able to tie a wallet
To a Twitter profile or something like that
That automatically builds a Twitter list to follow
Or automatically follows you by these main dGOD's and youth's accounts
Kind of interesting there
Would they not be just utilizing the Twitter tech in order to do that?
Like, when you get the verified account
That's when you can connect your wallet to Twitter
Like, you know what I mean?
Yeah, so the difference here is
It's a good question because I think that's where a lot of people start
It's like if you have Twitter Blue, I can already authenticate my holdings
But this is something a little different
So that is authenticating your holdings to Twitter
And being able to showcase via the hexagon that you own a certain NFT
This is more so, say, I buy a youth
And I connect my wallet to this software
And all of a sudden, I'm a verified youth holder in this list
And I'm now being followed by the main youth account
Which is kind of a social status thing
I'm unfollowed if I ever sell
And then the other thing is that they're allowing for this kind of one-click
follow-all for anybody who's verified
So you can now kind of build a curated youth following
Or de-god following off of
So it's kind of quick community building
So those are kind of the main differences
I think it's actually really interesting from
What Steve was saying this morning
This concept of kind of social listening
In which it's actually just as huge a benefit for a holder
I mean, sorry, for youths and de-gods as collections
As it is for holders from a social and status standpoint
Because you're basically always having a curated feed
Of what your community is thinking
And only what your community is thinking from a holder standpoint
You know what I mean?
So you can kind of see what they are talking about in real time
What they're interested in
All that stuff I think is very interesting
Do I think this is like game-changing tech and announcement?
But nobody's done it before
I think it's very interesting and innovative concept
I think, you know, Frank and the Dust Labs folks
Are just expert community building people
And this is just another step in that direction
What are your quick thoughts after that?
Yeah, I'd just be interested to see how they're getting the Twitter list
Are they basically just scraping Twitter?
Well, no, they're pulling your...
So they're based on connecting your wallet and verifying that you hold a de-god
Then it's using the Twitter API to follow you from that main account
So they're not using the API to scrape Twitter to see who's holding
Who's basically like has a ute or a de-god as a profile picture and populate that way
Or are they only...
No, it's not based on holding it as a profile picture as far as I know
So it is only based on you connecting your wallet
So for, you know, if you were a holder that did say like
Steve has a ute, Cap has utes, but they use their apes
They would still be included in that list
But they would have to go into the dust labs
And verify their wallets
Gotcha, gotcha, gotcha
Correct, they'd connect their wallet to their Twitter
And so like there's this new kind of three-way flywheel happening there, which is really interesting
Yeah, so do you understand it now?
No, I think, I mean, it's cool
It's a great way to, I mean, if you're looking to pump your followers, you know, just grab a ute
Well, right, and that's kind of, I mean, that's a utility
Absolutely, yeah, totally
I mean, like, especially if you're here on Twitter and
Somebody said on coffee this morning, I don't remember who it was
But that utes are kind of cementing themselves as the content creator, PFP
Which I think is really interesting
And if that's a way that they are approaching it
This is a very cool feature to have, right?
Because it helps you kind of build audience based on a specific topic, which I think is interesting
And, I mean, I think it's more powerful for dust labs, right?
Because they've got this insane pulse on the community, right?
Like, they, and it's an auto follow unfollow thing, which is really interesting
No, that is very interesting
Okay, so I get that
The other, the other topic that was titillating
I'm just looking at the notes here
Was the Ben Dot Eth at BitBoy breakup?
You touched on both of the topics that I did
Oh, well, I picked the last one, so what would you rather do?
No, no, we're going to touch on this
So, BitBoy, I don't know how to describe BitBoy
Which Ben is BitBoy Ben?
They are two different people, right?
Like, Ben Dot Eth and BitBoy are two separate people, correct?
Theoretically, yes, but I don't know
That is not proven?
I don't think, I mean, no one's seen them in the same room
I don't believe the other Ben, I don't believe Ben Dot Eth is doxxed
I'm not, actually, maybe they did doxx him, I don't remember
I haven't been following all of that intricacy of the drama here with Ben
But BitBoy tweeted yesterday, today
Yeah, this morning, in the wee hours of the morning, 12.44 AM
I'm long asleep by then
He tweeted that, I have completely separated from Eth Ben
We will no longer be working together in any capacity
Good luck to him on all accounts, but going forward
Ben, the token, will have no association to any project related to him
He also no longer holds any Ben token
So, this is important, why?
I have no idea
It was on the list
I, you know, we know BitBoy a little bit
I don't know why people follow him, to be honest
I don't know what he provides that is worth the follow, to be honest
I don't know
Maybe I'm missing something, but yeah
Well, I mean, we touched on this a little bit last week
In terms of, I forget exactly what the topic was
I think it was me talking about my frustration with people sending Eth to these wallets
wallets for pre-sales and stuff
And I think BitBoy's following is built on those types of people that are
desperate for the gamble and they don't know where to look on their own
Typically, they follow the calls and information of people
It kind of compounds
The guy's got a million followers on Twitter
So, people see that now and they're like, well, he must know something
And then he leads you down an agenda-filled path of where you should buy
and uses you as egloquity and xyz
I mean, seven hours ago, so this is after the tweet we just read
He wrote that my focus is 100% on my channel and Bencoin going forward
Sometimes in life you make mistakes and you have to admit them, move on and rebuild
I definitely made a mistake and now we are moving on
He then followed that with, I didn't make any money on my deal with Ben.eth
He raised about 15 million dollars, I got zero
I made a mistake and we mutually agreed to part ways
We gave each other anything we had of each other's projects
Love it, how people think I did some kind of cash grab
He says, I lost the most
Which I actually believe because he paid the guy allegedly a thousand East
And I don't know if that's gone well for him
But it's rough
I don't know
I mean, the reason this is actually news at all is because a couple weeks ago
He was saying the exact opposite about how he was working with the other Ben
And all this stuff and was going to be his main focus blah blah blah
And of course three weeks later everybody forgets
And now he just wipes his hands of it
Is he still in Bahamas?
I don't think so
I mean, you know
SPF has been acquired, you know, detained
So I think his mission was
But he hasn't gotten Ben justice yet, you know what I'm saying?
No, that's right
I'm not sure he's gonna, but I'm just looking at his Twitter profile now
And I think only one, two, three, four, five, six, seven, eight
I think only four of the tickers that he has listed in his profile
Got labeled as securities today by the SEC
Only four
Yeah, only four of the eight
Yes, so you want to talk about that?
I don't know what was listed as securities on Binance today
Apparently 12 different tokens
12 or 13, I'll get the complete list here in just a second
It's interesting
To me, they're all the same
So I don't know how you pick 13 and say others aren't
I'm just pulling up here too
Yeah, so the other big news here today was like
The SEC kind of announced that they were investigating
CZ and Binance
Because basically they said that
He was found co-mingling funds
Much like an SPF type of situation
Co-mingling deposits with other stuff
And just created some big mess
So that came out today
Sent, I don't know if you've seen the price of Bitcoin today
But it sent everything in a death spiral
Which we are still in right now
Current price as of this recording
$25,609 for Bitcoin
1804, 27 for ETH
So based on that original CZ news
The price started tanking
Then I'm looking for at a tweet here from
At simply Kashif
SEC lawsuit against CZ
Has some interesting points
Securities Exchange Commission today explicitly called
12 tokens as securities
Those include BNB
BinanceUSD
CosmosHub which is
ticker Adam
Sandbox Land or Sandbox Token
Decentraland which is mana
Axie Infinity Token which is interesting
I remember COTI
I played COTI back in the day
I remember that one
So of those
BitBoy has
Cardano in his
In his profile
He has algo in his profile
He's got Matic in his profile
Sorry, so only 3 of the 8
I'm sure Ben Coin will also qualify here
I feel like H-Bar
Has always been kind of scam, you know
I mean, the only ones that probably will survive this is
I mean, XRP is already in these lawsuits
ETH and BTC obviously
are probably the ones that might survive
Sorry, was Matic on the list?
Yeah, well Polygon
Yeah, so I'm sure all of those prices are
Yeah, absolutely
I haven't looked at them yet, but
I'm sure they are
What's your thought here? This is a pretty
Statement here both on the terms
In terms of CZ
And these tokens
Obviously
Massive hit to all of those
I'm very happy that I'm just in
Bitcoin and Ethereum right now
You know, they're
I'm just looking at the charts
You know, ETH looks to be at resistance
We'll see what happens
If there's any more, you know
But usually these are just one day things and
I want to say recovery is going to be fairly quick
Again, this is just the United States
I know it's a big chunk of the population
But it's not necessarily be all end all
I don't know, it's not great
Where can you trade
If you live in the United States
Where do you trade
Chickoids
Like centralized, exchange-wise
Currently
It's like
Okay, yeah
KuCoin I guess survives
It's not US based, but you can trade here
Without KYC
I can't believe Kucoins
Survive this long, you know what I mean?
Good for them
Yeah, I mean that's
Okay, so there's some options
Obviously Coinbase being
You know, the top tier I would say out of those
Crack, maybe Kraken too
I've, you know, I've been on the record for a long time
I was never
Binance always seemed kind of scammy to me
I'm not saying that any of this is scammy
It's just the SEC putting down regulations
Or enforcing regulations
But yeah, Binance was never a place that I felt safe
You know, it just seems like another
I don't know
I don't want to be disparaging, but
I didn't get the same
Like Coinbase, when you hear Coinbase
You just, I don't know
It feels a bit more
Legitimate than Binance
I don't know, is that just me there?
I mean, I don't know
Like I get what you're saying
Binance is like this global behemoth
I would say I would rather trade on Coinbase than Binance US
I don't even have a Binance US account, right?
So I don't
I would agree with you there
But I think from like a global perspective
I think, you know, they're pretty well respected
Even though
I think CZ has a kind of
Ebb and flow
Reputation in the issue
I think that's fair
Yeah, I think that's what I'm trying to say
So this SEC article
SEC files 13 charges against Binance entities
And founder CZ
Charges include operating unregistered exchanges
Broker dealers and clearing agencies
Misrepresenting trading controls and oversight
On the Binance US platform
And the unregistered offer and sale of securities
So there's a bunch of stuff in this article here
Yeah, unregistered exchange broker and clearing agency
Unregistered offer and sale of crypto assets
Failure to restrict US investors from accessing Binance.com
Misleading investors
So those are things that are listed here
What is interesting on the failure to restrict US investors
It talks about how in 2019
He basically said that all
You know, you had a certain amount of time to get off of the main platform
And everybody had to go to the US exchange
It sounds like
He directed Binance to allow
And conceal many high level
Or high value US customers
Continue to access to Binance.com
In one instance, the Binance chief compliance officer
Messaged a colleague that
We are operating as a fucking
Unlicensed securities exchange in the USA bro
You have to imagine what's happening
I mean we see what happened with
Sam Bank-McFreed
Allowing a couple of whales to continue to play on your
Main website I think is
More than reasonable in this world
You know what I mean
Not to say it's a good thing but it's definitely
I could definitely see it happening
So that doesn't shock me
Interesting, so that's definitely the
Cause of all of the
Volatility today
I don't know about you
To me, the only time I'm getting worried
I mean I don't know the legalities
Or what you would have to do
In order to do it
Once you start coming after like the Uniswaps
Like that's where
That's where I get worried
I don't give a shit about centralizing stages
But it's when
If they can
I don't know if they can or not
But reduce access to those types of sites
Is where I'm getting a little bit more worried
Why is that?
Cause that's where I make my money
Yeah, but if this stuff is happening
It's obviously affecting
The industry as a whole from both
Not only like a regulatory standpoint
And adoption standpoint
But also price standpoint
These are not good news stories
For number go up
No, they are not
In the short term I think
Long term, you know, these are
Again, I don't know
I don't know if I'm trading any of the
Any of the tokens that were on that list of 13
I thought you had a big bag of poly, didn't you?
Oh, I saw that one
Right before
Right before the show
No, right before meme coin season
That helped
Did it fund your meme coin gambling?
It definitely helped fund meme coin season
So, you know, that was, in retrospect, a good move
So, yeah, I don't know
I feel bad saying it
I don't give a shit about adoption
I'm just trying to make money
If there's opportunity to buy at a lower price
That's good for me
As long as there's places you can exit
So obviously in the US
You know, you can enter and exit on Coinbase and crack in
And possibly Kucoin
I don't know if you can actually exit, you know, funds
I guess you just do it to your wallet
Then go to one of the other ones
Yeah, as long as there's on and off ramps
For the bigger tokens like Bitcoin and Ethereum
And then there are places where you can gamble those tokens
On other tokens
That's really all that matters to me
Yeah, I think that's fair
A couple comments before we get out of here
Our good friend Warped Joe says
The problem with Yacht Rock is the amount of Phil Collins
First of all, Joe, there is
I knew this would get you
Phil Collins is not Yacht Rock
There is an approved Yacht Rock playlist
From the gentleman that actually coined the term Yacht Rock
The reason I got
Philip Seymour Yacht Rock
Philip Seymour Yacht Rock, that's correct
No, I was actually
Great family
I think it was on
Howard Stern
Is I think the first time I heard the term Yacht Rock
And I think they had the guys that
Maybe it was one of the
Like the off, you know, not the main show
But one of the other shows, the side shows
It might have been like
What's his name? Like John and Gary's show
But that's
They had the guys that had this
I think they had a podcast or some show
And they developed
A criteria for certain songs that would qualify
And they literally went through thousands of songs
Basically applying the criteria
And getting a score out of 100
So the only ones that would qualify
Is if you had a score of 60 or higher
And they actually made the official Yacht Rock playlist on Spotify
So if you're not listening to the
Approved, official Yacht Rock playlist
You're not listening to Yacht Rock
According to Chachi BT
Yacht Rock is a term used to describe
A type of music that originated in the mid-70s
To early 80s
It is often characterized by smooth, mellow sound
And its themes of love and affluence
The term comes from the perception
That this music was popular with the yacht-owning, affluent crowd
Here are some characteristics that are often associated with Yacht Rock
Smooth, polished sound, lyrical themes
Use of certain instruments
Yacht Rock often features the use of synthesizers, electric piano
Along with other harmonizing backup vocals
And prominent artists
Some of the most well-known artists associated with Yacht Rock include
Michael McDonald, Kenny Loggins, Steely Dan, Toto, and Christopher Ross
So that is, Chachi BT knows what's up
I would go even further to say
There is zero, they need to all be electronic instruments
So zero acoustic
Typically like a jazz
The band should have a jazz background
Jazz food is 100% in
I would say not necessarily love songs
But apology love songs
Where the person that wrote it had a misstep
Or is looking to apologize
The songs often feature romantic or sentimental lyrics
And themes of love and personal reflection are common
Some songs may also reflect an affluent or luxurious lifestyle
Which is where the yacht association comes from
That's very good
Good job, Chachi BT
So Phil Collins is not on any of the official Yacht Rock lists
Alright, let's go to Joe to defend his Yacht Rock stance
No, no, no, I'm totally in agreement with that shit
They should not be playing fucking Phil Collins
That motherfucker shouldn't be played on any of these things
Shit rock
Because first, he's a Tottenham fan
So fuck his ass twice
But also, Genesis died when Peter Gabriel left
And that motherfucker just kept it going
Then he goes and does that embarrassing song with Earth, Wind, and Fire
Whoa, whoa, whoa, are you saying Easy Lover is an embarrassing song?
Easy Lover is a phenomenal song
Phil Collins in that song is an embarrassing song
Alright, that's fair
The video is terrible, I agree
The video basically is the worst video
White guy dancing
And that dude should be banned from performing anything, anywhere, anytime
And he sucks as a fucking drummer too
But that's all I'm gonna fucking say about that
So it's like people who like Phil Collins are in the same group of people who like the Eagles
And think they fucking define rock
So those two people could be pushed off and stuck into a different channel
Where it's not yacht rock, and it's not hard rock, and it's not classic rock
It's just people with terrible fucking...
That's fair
Well, that's where I was at
I was on yours
Alright, that's good, that's good
I do love Phil Collins
I do love Phil Collins though
No jacket required, it's one of my favorite albums
No, no, no, no, no, no, no, no, no, no
I'm not on your side at all
Much like
Much like the Hotel California
The mint condition, you can check out any time you like, but you can never...
That's correct
I was listening to Hotel California, I think like last weekend
That is, as much as we hate it
It's a phenomenal song
The dueling guitars in Hotel California is maybe some of the best musical experience you'll ever have
I don't really know what to say here
I don't have a strong opinion either way
I'll let Joe respond with his opinion, and then we'll go to circles
And then I'll read a couple more comments, and then we'll shut this thing down
No, no, no, I made my point on the equals
Like, you can take one song and call Hotel California, but don't give me like, you know, witchy woman
Like, come on, I mean, they make a whole entire Seinfeld episode
Even fucking Larry David
That is true
Anthony says that Toto Africa is the goat of all yacht rocks
I would argue the song we played at the start of the show is
I think What a Fool Believes by the Doobie Brothers is the penultimate yacht rock song
But Africa Toto, definitely top three
Anything from Steely?
All right
Check out up top in the Jumbotron, the link for Coffee with Captain tomorrow morning
Set your reminders
8 a.m. Eastern time, not Central time
And you will get there on time
Cap mistimed all of his links, I think they're all fixed now
Check out up top, set your reminders for tomorrow
Cap also asks, what's the price target if ETH breaks below 1800 and holds there
For me, it's that 1600 to 1550 range over a little longer period
On the daily chart chamber
Do you have anything marked up?
I would say lower, I'd say like 1400
Interesting
Okay, so I'm probably looking to buy in that mid 15s to 16
As a first spot chamber, little lower target there
So that means we can't be wrong
That's right
And lastly, JP Cass says he watched the first three episodes of season one of I think you should leave
And I don't know if I'm gonna make it
Ah, that's...
Does he not know if he wants to be around anymore?
Is that what he's saying?
That's season two
And if you get there, JP, you'll understand
I love my daughter watch
Because you had asked me my favorite sketches in season three
And I'd only gone in round one
So I literally finished season three
I was shocked that it took me a long time
No, but I did it again from between 8 o'clock and like 10.30 last night
So I rewatched it a second time
In no time at all
And it was very funny
But I let my daughter watch the first episode
Just because she's funny, she likes funny shows
But not old enough yet
She doesn't fully grasp the comedy
She doesn't fully understand why it's...
I would say she's not alone
I think this is a particular brand of comedy
I read an article, New York Times or something
I don't remember, maybe Vulture, I don't know
Something described the show as cringe comedy
And I think that's a pretty accurate description of what it is
It's meant to make you uncomfortable
And point out the uncomfortability in a lot of social scenarios
I like absurdist comedy, I think it's absurdist
Yeah, I think that's also accurate
But before we get out of here, I do have to ask you
Actually, we'll go back to a couple of hands too
Did you watch the finale of Dave?
There's only three seasons, right?
Yeah, yeah
But the season finale I guess was a couple days ago
I watched it last night
I watched it before you then, I think I watched it like...
Incredible
It was very odd
I didn't realize that it just released
I just assumed I was catching up to like...
Yeah, no, that's new
You just watched the end
The season 3 was releasing
And it just finished with that episode
Yes, I did watch it
And it was awesome
It was...
Even for a Dave episode I thought
But I enjoyed it a lot
I wish I could get...
You can't find the songs from the show on Spotify
Dude, fucking tell me about it
I'm so annoyed by that
All I want to do is listen to his music
And it's nowhere to be found
You can find a couple of songs
But that's it
There are some absolute bangers through the seasons
That one song he wrote for his first girlfriend
Oh my goodness, so good
Are you kidding me?
Yeah, they're all good
Alright, back to circles, then close it down with Joe
Since we were asking ChatGPT
About Phil Collins and Yacht Rock
I decided to double down on that
So it does say that he is associated with Yacht Rock
Specifically SoSudio and In the Air Tonight
Often have a Yacht Rock characteristics
So, I mean, don't be counting out Phil Collins and the Yacht Rock
SoSudio is one of my absolute favorite songs
So I'll allow it if ChatGPT says so
Interesting
Alright, Joe, tell us why Chambers and Asshole and then we'll close it down
I would never do that
But, no, they're saying that Binance is trying to make people
Reverify their KYC to withdraw right now
So if that's...
Oh, boy, interesting
Feed with caution
Just want to let everybody know that
And that's Binance US?
It's just Binance in general
I'm not sure about, I don't use the US
Right now that people are having trouble withdrawing
And, you know, a lot's been withdrawn today
All of a sudden you gotta re-KYC or something
Wow, interesting
They have a little bit of a...
We've seen this play out before
So if you can get your money out, you probably should
So don't feel like this time is different
And don't feel like it will never happen to you
Because it's not and it will
So if there's...
When there's smoke, there's fire
If you have funds on there that you have not yet moved out
I would very highly recommend moving them to self custody
Just in case, right, Chambers?
They should come up with like an adage
Is that too alarmist?
They should come up with an adage for like the, you know
For things like this
You mean like
Not your phrase, not your...
Not your phrase, broke for days?
Yeah, something like that, yeah
Not your keys
I don't know
There's something there
Somebody's gotta figure that out
I don't know, we'll ask Chad G.B.T.
They'll come up with something for me
Alright, that's gonna do it for us
Look at us getting through a whole show talking about real stuff
Absolutely, that was a good show
You're welcome, audience
And Jen, for that, I've hit my quota for the week
I'll be back on Friday
Chamberlain Des will be here on Wednesday
What else?
We didn't touch on the Apple thing
Did you even see the Apple thing?
Alright, we need to touch on that at some point
Cause it's...
We can talk about it on Wednesday
If you're gonna...
I won't be here
Are you for real not gonna be?
Yeah, for real
Jesus Christ
Yeah, I have a great excuse though
That I'll tell you offline
I'm not on a recorded space
It's huge news
I'm gonna go...
Go check out the very top
The very first thing I posted
Up in the top today
You'll see the full commercial
For the Apple Vision
Am I still there?
Yeah, you're still here
The Apple Vision Pro
I'm dying to hear your take on it
I need to know
If this is something that you think is
A cool advancement in tech
Is it Apple VR?
It's Apple AR
Yeah, so go check it out
I'm sure you'll tweet about it between now and then
I need to know your thoughts cause
I have a feeling you're not into this
And you're gonna be kinda like
And I hold the total opposite view of that
And I think it's pretty world changing
At some point here
So we'll see
I know Joe
Joe doesn't like the price point
At the very least
Which I'm totally in alignment with
But I'm curious to see
On our next chat
What he thinks about the actual technology here as well
So join us
Let's say we'll talk about it Friday
Unless you wanna talk about it without me
Which is also cool
We'll wait till Friday
That's gonna do it for us
Until next time
Stay mint