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The Network Distraction
Recorded: June 5, 2023 Duration: 2:11:04Space Recording
Full Transcription
I'm not starring until it's 100 retweets, 100 comments.
Run it up, baby.
Run it up, baby!
Run it up!
Run it up!
Run it up!
I know I got to be right now
Cause I can't get much stronger
Man, I've been waiting all night now
That's how long I've been on ya
I need you right now
I need you right now
I don't know if you got a man or not
If you made plans or not
If God put me in your plans or not
I'm tripping his drink, got me saying a lot
But I know that God put you in front of me
So how the hell could you front on me
It's a thousand years, it's only one of me
I'm tripping, I'm caught up in the moment, right
Cause it's Louis Vuitton dine night
So we gon' do everything in the con light
Heard they do anything for a Klondike
Well I'll do anything for a Blondike
And she'll do anything for the limelight
And we'll do anything when the time's right
Uh, baby you're making it
All up in her, faster, stronger
That, that, that, that don't kill me
Can only make me stronger
I need you to hurry up man
Cause I can't be much stronger
I know I got to be right now
Cause I can't get much stronger
Man, I've been waiting all night man
That's how long I've been on ya
I need you right now
I need you right now
You know how long I've been on ya
Since Prince was on Asalonia
Since O.J. had ice and toners
Don't act like I never told ya
Don't act like I never told ya
Don't act like I never told ya
Don't act like I never told ya
Don't act like I never told ya
All up in her, baby you're making it
All up in her, faster, stronger
That, that, that, that don't kill me
Can only make me stronger
I need you to hurry up man
Cause I can't wait much longer
I know I got to be right now
Cause I can't get much stronger
Man, I've been waiting all night man
That's how long I've been on ya
You know how long I've been on ya
Since Prince was on Asalonia
Since O.J. had ice and toners
Don't act like I never told ya
You know how long I've been on ya
Since Prince was on Asalonia
Since O.J. had ice and toners
Don't act like I never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Never told ya
Yo, Bucks, is there enough people in here yet?
Ah, there is not, bro.
I'm not getting started until it's 100 comments and 100 retweets, Bark.
I think we need to keep playing music.
We got to wait for Alex.
We need everyone to tag Alex right now.
Dude, what is he getting paid for then?
I mean, he's getting a $0.
We're wasting $0 a year on him.
Should we interview him?
I think we need to interrogate it.
All right, we need to interrogate him in the comments section.
Let's get his ass in here.
It's been a while since we lit this bitch up.
Let's go.
It's time to get rockin'.
We gon' party like it's your birthday.
We gon' sip a party like it's your birthday.
And you know we don't give a fuck it like it's your birthday.
You can find me in the club.
Bottle full of bub.
Look, mommy, I got the eggs.
Suck it in and take me drugs.
I'm gonna have a sex.
I ain't gonna make it love.
So come give me a hug.
You can get in and get in the rough.
You can find me in the club.
Bottle full of bub.
Look, mommy, I got the eggs.
Suck it in and take me drugs.
I'm gonna have a sex.
I ain't gonna make it love.
So come give me a hug.
Get in and get in the rough.
When I pull up out front, you see the fence on dirt.
When I roll 20 deep, it's 20 nives in the club.
Niggas heard I fuck with Dre.
Now they wanna show me love.
When you shout like him and him and the hoes, they wanna fuck.
The homie ain't nothing to change.
Hold down, G's up.
I see exhibit in the car.
That nigga roll that weed up.
Roll that weed up.
Watch how I move.
You mistake before I play up here.
Been hit with a few shells.
Now I walk with a limp.
In the hood, in the air, they say I'm 50, you hot.
They like me.
I want them to love me like they love pop.
But I lay in New York.
The niggas should tell you I'm loco.
When the plan is to put the rack, they gave me the chunk.
So I'm full of focus, man.
My money on my mind.
Got a meal out the deal and I'm still on the grind.
Now shorty say she feelin' my style.
She feelin' my flow.
A girl from Woody to Guy and they're ready to go.
I'm in a club.
I'm full of bub.
Look, mommy, I got the eggs.
Suck it in and take a drug.
I'm gonna have a set time into makin' love.
So come get me a hug.
If you're in a getin' rub.
You can find me in the club.
Bottle full of bub.
Look, mommy, I got the eggs.
Suck it in and take a drug.
I'm gonna have a set time into makin' love.
So come get me a hug.
If you're in a getin' rub.
My flow, my show, brought me the dough.
That brought me all my fancy things.
My grip, my cars, my clothes, my shoes.
Look, nigga, I done came up and I ain't changed.
And you should love it way more than you hate it.
Nigga, you mad?
How could that you be happy?
I made it.
I'm that cat by the bar, toasting to the good life.
You that faggot-ass nigga tryna pull me back, guys.
I'm a joint, get the pumpin' in the club.
It's on.
I'm with my ass, bitch.
If she smash, she gone.
If the roof on fire, let the motherfucker burn.
The toning about money, homie, I ain't concerned.
Put some new music on.
Why are you playing this boomer music?
Ain't no one trying to listen to no 90s music, bro.
Just because you were born in the 90s.
Hey, hey, grandpa.
It's the only thing that snaps you out of your trance, okay?
Trying to get this.
Bro, put some good stuff on, bro.
Some new stuff.
What the hell?
This guy's playing that rock music that just came out.
You and me, we come from different worlds.
You like to laugh at me when I look at other girls.
Sometimes you're crazy, and you wonder why.
I'm such a baby, cause the cowboys make me cry.
But there's nothing I can do.
I just want to love you, but you won't know where my ring.
But there's nothing I can do.
I just want to love you, but you won't know where my ring.
But there's nothing I can do.
I only want to be with you.
I just want to love you, but you won't know where my ring.
But there's nothing I can do.
I only want to be with you.
You can call me your fool.
I just want to love you, but you won't know where my ring.
I just want to love you, but you won't know where my ring.
I just want to love you, but you won't know where my ring.
I just want to love you, but you won't know where my ring.
But there's nothing I can do.
I only want to be with you.
You can call me your fool.
You can call me your fool.
I only want to be with you.
Put on a little dance.
Sitting on a fence.
I said that line is great.
You asked me what it meant by me.
All right, let's start this damn thing up.
God damn, bro.
What is that?
Taylor Swift's dad or some shit?
Holy smoke.
Let's start this off with Binance.
I'll start singing that damn song, man.
I'll start singing it.
Listen.
If you got funds on Binance, get them off immediately.
You have been absolutely warned.
Get your funds off of Binance.
Before that shit gets frozen.
Guys, I'd really love to hear from someone that knows more about this than I do.
Is BNB token at stake here?
Is BNB screwed?
What the hell happens?
Now that Binance is going through this SEC trouble, man, XRP wasn't really an exchange.
Binance is an exchange, and they have a token called BNB.
And they've got a whole bunch of other stuff.
They've got investments in many different things which could be conflict of interest.
I'm really not sure how this is going to play out.
I do know that when you're an enemy of this country, and they don't take it easy on you in any way, and they definitely don't play fair.
So if anyone's got any info on that, please request and come up.
Saul, you've had your hand up since we started this space.
So that makes me not interested.
You ain't watching, bro.
I've had two seconds ago.
I am not interested in calling on you, bro.
I had a question, though, about this that you might be able to answer.
I'm not interested.
Well, whatever, bro.
Let's get it out the way.
Let's get it out the way.
Let's get it out the way.
All right.
So do you think that there's a world where China and the US use CZ as kind of like cannon fodder for both of their agendas?
And also, is there a chance that, like, all the unlisted securities that were launched or supposed securities that were launched on their platform would be, like, theirs to deal with?
Like, do you think they would have to take the brunt of the lawsuits coming at those brands on BNB?
Oh, man.
I don't know.
I really, really don't know.
I mean, if ETH became a security, where would that leave ERC-20 tokens?
And ETH's a coin, right?
ETH's a token, a coin, whatever you want to call it.
It's not an exchange, so I really don't know.
When FTX got in trouble, and it wasn't really SEC, it was a whole different ballgame, you know, FTT got screwed.
We haven't really seen an exchange that has their own token, own chain, if you want to call it, get in trouble yet.
So I guess we take this as a learning experience more than anything.
This is something that the whole space is going to learn from.
And then, I mean, Binance might kick the SEC's ass.
Who knows?
I really don't know what to expect from this.
I'm not just saying that out of satire.
I'm just as curious as you guys are.
So I guess we'll have to see where it goes.
Bark, what up?
How you feeling, Bark?
Dude, I talk to you more than I talk to my mom these days.
I talk to you more than I talk to my dad, my sister, you know, my friends, my family, my loved ones.
You are, yeah.
I'm learning everything about you, Bucks.
I get a FaceTime from you earlier.
You're in the garage, casually checking out the car collection.
You're like, oh, I accidentally parked this Ferrari too close to this Ferrari.
I'm going to have to maybe move the Rolls-Royce over a couple inches so I can squeeze my Lamborghini right in between those two.
So I got to see that.
How do you know someone's got a Ferrari?
They're going to FaceTime you and it's going to be in the back.
Oh, I didn't know that was in the background.
What?
It's crazy.
How many cars do you have, Bucks?
A little over 30, bro, like collectible cars.
And then like daily drivers, four.
But I've been, you got to understand that before NFTs I collected like cars.
You know, I had an extra couple grand to spend, I would get a car.
An extra, you know, big amount of money, I'd get a car.
Like cars were my hobby for a long time and I just like them.
You know, it's not, it's not even so much investment.
Like, yeah, I got cars that I paid $900 for that I fixed up in 2009 that ended up being worth money.
But I never bought them as investments.
They were money pits at first.
They're money pits right now.
I got to pay to, I got to pay to keep them in a garage.
I got to pay to keep them secure in a garage.
I got to pay to keep them in a heated garage.
I got to pay for maintenance, cleaning them, keeping them clean, things like that.
So it is what it is.
It is what it is.
They got to get massaged.
They're vegan.
They like to watch Netflix at night.
You take care of them.
You take really good care of them.
I saw it with my own phone screen.
I saw it with my own phone screen.
Hey, call me crazy, call me stupid.
It is what it is.
It makes me think of something you guys all have to maintain.
So when all of you had that dopamine hitting you,
all of you had that euphoric feeling a year ago, a year ago from today,
a year ago from last week, the week before that, the week before that,
maybe the month before that, and a year ago from this whole entire summer.
There's something you guys all bought, and those were called ENS domains.
You guys were going crazy, buying numbers, three digits, four digits, five digits, six digits,
buying your name, three letters, four letters.
You guys were going ham.
This whole space was going ham on ENS domains.
And I want to remind you that those things expire.
So if you click the one-year option because it was the cheapest, guess what?
You really like that ENS domain.
You better start forking over that E.
It's something you have to maintain.
You got to keep paying for it, especially if you want to go for the cheapest option.
So don't forget, before you lose that ENS, wake up one day and cry about it on the timeline.
Make sure you go and renew, at least renew what you were planning on keeping,
because nobody's going to tell you.
You're only going to get the Alpha from the three marketeers.
Well, it's only two marketeers right now, but if everyone tags Alex, we could probably get them in here.
Dup, what's going on?
Yeah, as a fellow car enthusiast myself, I would say the 2016 Honda Civic is up there with top 10 cars.
Wouldn't you agree?
I think that it's one of the best cars, bro.
Honda Civic, Toyota Corolla are like the two best possible cars you can get.
I definitely agree.
How many do you have, 20?
Honda Civic?
Yeah.
I had one, I got rid of it.
Dude, I get, I love beater cars.
Like, you guys all think I'm some, like, bougie dude.
Like, I will drive a beater car all day long to get from point A to point B.
Why would I want to put miles on some exotic car or some old car that the carburetor is going to blow
or the head gasket is going to blow on if I drive it too much?
I love Honda Civics.
I love Honda CRVs, Toyota RAV4s, like, cars that, again, could get you from point A to point B,
especially cars that have made me a lot of money in my past.
I love cars like that.
Let the record show that Pete does not think books is bougie.
And that's based off of, I know.
Okay.
Let's talk about you, Pete.
I do.
I want to know what the deal is with you.
Are you an FBI agent, a CIA agent?
Let's just say I know.
Yeah, you are.
You are.
You're something, bro.
So I'm going to give everyone an example here.
I found Pete on Twitter spaces, right?
Was it in this space or Alex's space, Pete?
Where did we inherit you?
It was in Alex's space.
In Alex's space.
So we inherited Pete in Alex's space.
Come to find out later that I grew up with Pete.
Pete grew up in my hometown.
He's a little younger.
His brother is someone I knew very well.
I've been in Pete's home.
I have been inside Pete's home.
And I find it very weird.
I know Books' family.
I know Books' family.
Yeah, I find it very, very weird, bro.
I find it very weird.
We probably know a lot of the same people.
Oh, we definitely do.
When I checked your Facebook, there was a thousand mutual friends on Facebook.
Yeah, pretty fucked.
Pretty weird, if you ask me.
I do think that you're working for the government, sir.
Nah, dude.
That just can't be right.
It just wouldn't make any sense.
You are, but something is going.
Something doesn't make sense.
Oh, man.
I'm just a glorified cameraman.
I'm just a glorified cameraman like Bark.
Hey, that's IP fraud.
You can't say that shit.
That is.
Do you have the lawyers?
Yeah, you can't tinfoil hat like snitches, dude.
That's fucked up.
Hey, Bark.
I'd contact the lawyers if I was you at this point.
Yo, we got some fun on the timeline about the network token.
You see this newest scam fly thread?
Pin it to the top.
Pin it to the top.
All right.
Let me put it up there.
Let's break it down.
Pin it to the top.
Listen, I didn't want to turn it into a shill space, but pin that baby to the top.
Oh, he tweets too much.
I really wanted to talk more about this Binance situation and stuff like this is absolutely
insane.
This is not good.
I'm ignorant on this situation.
Oh, yeah.
Is it not good?
No, it's not.
It's all around not good.
It's not good.
I think CZ definitely has that like big dick energy.
Not going to lie, especially when it comes to the government.
So whatever, whenever they try to screw us in any way, CZ is going to start, you know,
bringing the big guns out.
If you look at what happened right when the news dropped today, we were at like, each
ETH was at like 1,885, 1,890.
Like it was in the high 1,800 range.
The second that news dropped, dude, it was like a flash dump by $100.
I look at the chart says 1880.
I refresh five minutes later, and it's like 1770.
So $110, $100, whatever it was that it dropped that quick, that dip got eaten up pretty damn
fast.
The goal went from like high $20, like high $21 almost, down to like $19.02.
Everything went down.
Bitcoin dropped down to like, I don't know if it hit the $24,000 range, but definitely the
low $25,000 range.
Like everything dumped and it recovered very, very quickly.
I don't know if you guys were listening in my spaces a while back.
Like I said, yo, the worst thing that could happen right now is, is Binance related.
What I really meant by that was like Binance, the exchange going down, like how FTX did more
similar in that nature.
I think this lawsuit is, you know, it's not the best thing in the world at all.
I don't even think we felt the full effects yet.
I think by the weekend is when we'll feel them if we're going to feel any effects.
But every time we start gaining momentum, every time something starts looking great
for crypto, like, hey, we're going to start pumping.
ETH is going to go over $2,000.
Something goes wrong.
Something goes wrong to fit the narrative of whatever the government's trying to do,
in my opinion.
And it sucks.
It sucks.
This stuff has to pop up now.
Why didn't this stuff pop up around Fed meeting time, early May, like the same time
that Luna erupted last year?
Why are they waiting till, you know, the beginning of June?
So I asked myself these questions.
And then I look at June 1st and Hong Kong's announcement for crypto.
Is this the US and China playing chess all over again?
I guess.
It kind of looks like it, but I don't want to ramble off about it.
I definitely want to hear more opinions.
So if anyone's got some opinions to share about this particular thing, please do.
We really appreciate it.
Raise your hand.
I don't want to interrupt people.
Pete, you've got to control yourself, bro.
I don't know if you're taking, I don't know what kind of chocolate you're eating all day
and you're coming on here, whether it's a little Polaroid box or the, what are these?
Polka Dot.
There's Polka Dot Mushroom Belgian Chocolate Gummy Bears that you're eating, or the Polaroid
Super Color White Choco MG 4000 Bar with Strawberry.
I don't know what you're doing over here.
Yeah.
I leave them in the fridge, but it seems like you're eating them all day because you can't
lay off that mute and unmute button.
The second anyone you feel like is going to stop talking, you come off that mute and you
start rambling off about some nonsense.
Dude.
I don't know what happened to you too, man.
You turned into some kind of fudder.
You went from like, you went from being the number one Alex salami washer, books and bark
supporter to fud.
I don't even know where it came from.
What?
You got proof?
Dude.
I've got so much proof, man, but I'm going to leave it.
Oh, a few people were being mean to me.
Nah, bro.
That ain't going to cut it.
Nah, nah, nah.
I was fudding the group chats because the group chats are too culty.
You were fudding.
Yo, the first thing you said on here is like, yo, there's some fud out there.
And then I say pin it.
I'm looking at the pin and it's the worst person any fud can come from.
Yeah.
It's the worst.
It's about the multi-sig.
It's about the multi-sig.
Yeah.
Maybe fud is the wrong word, but I just read through it and I was like, damn, Scamfy's
back at it again.
So you've got someone here writing a thread about a multi-sig.
This guy said during the initial launch, hold on.
Dao Kwon Do was the first initiator to the multi-sig.
After Dao Kwon Do changed the threshold and added a new owner, the creator of the multi-sig,
a mystery wallet, added a new owner that is also a mystery wallet.
So before I even address whatever he wrote, I don't even think I'm going to.
I'm going to explain something to everyone out there.
If Dao Kwon Do signed on a multi-sig, that doesn't mean Dao Kwon Do is the initiator or
the person making any changes.
Dao Kwon Do is a contributor that by the name of books that signed.
Now, when you're on a multi-sig with some cheap sons of bitches, what do they do to Dao
Kwon Do?
They leave it for Dao Kwon Do to cover the gas fees.
So just because Dao Kwon Do clicked execute and paid the gas because that's what they did.
Listen, I've been used to it my whole life.
Hey, bro, can I borrow the car tonight?
I'm going on a hot date.
Yeah, no problem.
I know I just filled that bitch up with premium gas last night and it had a full tank.
I get in the car the next day and somehow I owe the car gas.
Like the needle.
Is that the Honda Civic?
The Honda Civic.
The needle is below empty.
Like how is it even possible for a gas needle to go below empty to the point where I owe the
vehicle gas?
Like this man then drained my reserve.
So it's the same way here.
Bunch of cheap bastards.
Leave it to books to execute.
Books executes.
And then I got a thread written that he's concerned.
And I'm initiating a whole bunch of stuff.
So that's bullshit right off the rip.
Number two.
Yes, we removed somebody from the multi-sig.
Why did we remove someone from the multi-sig?
Because they're no longer on the team.
If someone was still on and no longer on the team and we kept them on the multi-sig.
I think that's more of a safety concern.
Second, we did remove four signatures.
Brought it down to three.
Why is that?
Because in case we don't want other people that are on the multi-sig to make decisions, we
won't need them to.
And we don't know who we're keeping on the multi-sig.
What I can ensure is me, Bark, and Alex, who are all doxed and all have our doxed wallets.
Sorry.
All have our doxed wallets on the multi-sig is really what matters here.
The other people are not doxed.
The other people are people that might not be on the team in the future.
So we did the safest route until we make changes in the future.
This is temporary.
This is just the beginning.
It's just for now.
If we're going to be adding anyone in the future or whatever, we can.
We're going to.
We have plans on doing so.
But how it was set up prior was more of a safety concern to us than how it is now.
So we will be making changes and stuff like that.
So keep your eyes on that.
But when you're going to go and just listen to a thread of someone that has no idea what they're talking about.
I mean, I didn't even engage with it or feel the need to respond.
A lot of the FUD in the past, you guys would see me commenting, responding and saying a whole bunch of crazy stuff.
Now I'm not even entertaining it because I'm in some mode or zone in my head where like, yo, I'm proving people wrong.
Like all these people that got something to say, I'll go back to it in a few weeks, in a month, whatever it is, and I'll just prove them wrong.
They're going to all feel stupid.
And I want them.
I want them to regret and feel like shit, especially the people that were on my side, on my team, people that I looked at as friends.
People I even called family, Web3 family or whatever that are not showing me any public support.
They were showing me support in the DMs and the texts.
They would call me and tell me, oh, this is great.
You got any tokens for me and stuff like that.
But in public, no.
So it is what it is.
Should I make a collage of how many people DM me saying, send me tokens?
I think that would be fun.
Yes.
That would be cool.
Yes.
Bark, what do you think?
How many people asking you for free coins, Bark?
Well, Pete's definitely on there.
Whoa.
Definitely on the list.
Whoa.
Twice a day.
Whoa.
I bought that shit with my hard earned fucking USD.
Wait, you used USD?
It was supposed to be ETH.
Were you the guy that sent USDC?
That's getting burned, bro.
Yep.
That shit's getting burned.
Copy that.
Wait, was it actually you?
No, it wasn't me, Bark.
I sent ETH.
Okay.
Yeah.
Okay.
Books, why do you think so many people are interested in getting free tokens?
I thought this was just a shit coin, meme coin.
Because all of them do.
Even like influencers like really exposed themselves.
They talked about every coin that dropped.
Every single pre-sale that, even pre-sales that collected a hundred K.
They wrote threads on how someone collected a hundred K.
Our token, they're pretending it doesn't even exist.
Yo, one influencer commented.
What is this?
I never heard of it or seen it.
This is the first time I'm hearing about it.
And that person is just blatantly lying.
They just don't want to see it.
It's driving them nuts.
I think jealousy and envy in this space is disgusting.
I brought this up a thousand times.
Toxic competitiveness.
For some reason, it's competition in a lot of people's heads.
Which is human nature.
It's not just Web3.
It's everywhere.
You know, that toxic competitiveness is in everyone's brain and body deep down.
Like, I'll give you guys an example.
Like, growing up, especially in the household I grew up in, which is a Middle Eastern, Russian-style household.
Oh, man.
It was always like, oh, your cousin's getting straight A's.
Why aren't you getting straight A's?
Your cousin, your brother, your friend.
Does your friend, does your friend not study when he gets home?
And just constantly, like, telling me, my cousin, my friend, so-and-such, comparing me, like, my parents comparing me to other people could have turned me into the most competitive person on Earth.
It could have turned me into a toxic competitiveness person on Earth.
Now, other relatives that I have, it did turn them into that.
Why?
Because, you know, I went to high school, guys.
Just to give you an example, I think since seventh grade.
Seventh grade, sixth or seventh grade is when my life took a turn.
Like, I did not care about school anymore.
And I never, and I'm not exaggerating, took a pen or a pencil to school.
Mind you, a bag full of books.
I never did one homework assignment since maybe seventh or eighth grade.
Like, I would just have someone do my homework, cheat on tests, like, just the worst type of human being to be in, like, middle school and high school I was.
And every teacher, every person just thought I was going to be an absolute loser, be in jail, dead from doing drugs maybe, whatever.
They thought I was going to be a waste.
And so did a lot of my relatives.
A lot of my relatives were talking about they're going to med school, they're becoming lawyers, they're doing this, they're doing that.
And then at, like, 16, 17, I started making a lot of money.
I started slowly in my life, in my early 20s, opening businesses and just leveling up in life.
And, you know, my cousins that went to school and can't get a job after college, oh, they really hate me.
They had jealousy and envy in their heart.
You know, they were always, we were always compared to each other.
And then they did all this hard work and did nothing with their lives.
And then they saw me and I like surpassing them, I guess.
And I did everything I could to put them on, give them jobs and help them in every way, shape and form.
They all ended up fucking me over.
They all ended up screwing me, stabbing me in the back and whatnot, which is fine.
I'm used to all that stuff.
But it's crazy to see, like, that same behavior in this space now.
And it's everywhere.
It's everywhere.
Look at how many people you see.
They look inseparable.
They're together like glue.
And then it all falls apart, you know, two weeks later, two months later, whatever it is.
We've seen that happen so many times.
And it's sad.
But again, guys, it's human nature.
And only the strong survive.
Like, if you're going to let some shit like that bring you down and hold you back in the future, you're going to fail.
So that's the piece of advice I can give you guys when it comes to that.
Who that bit is on a mic, buddy.
Anyway, what up, Nick?
Books, how are you, man?
I'm doing good, man.
How are you, bro?
I'm sure you're busy with everything going on.
Like, I just want to say, like, I consider it a traumatic personal failure that I got to meet.
I did not get to meet you at Bitcoin Miami.
I don't even know if you were there.
It doesn't even matter.
It's still a personal failure that I did not get to meet you.
And I got to meet profits without you there.
So, like, I don't know if I'll ever recover.
But, you know, I'm talking through that with a therapist.
But also, first of all, I just want to shout out to all my potential mutuals who are going to be following me.
And, look, if you are not retweeting this thread, if you're not going down and hitting that little purple button in the bottom right corner, you're a fucking Fed.
Okay?
Prove you are not a Fed and retweet this space.
God damn it.
I do want to, real quick, just, like, give a little bit of context to Binance and SEC.
The currency for the Feds is not how much money we're going to get out of Binance.
They don't give a fuck about money, right?
Because they just print out whatever they want.
The currency for the Feds are W's and L's.
W's and L's are what make their careers go up and down.
So, what Gary can't stop doing, though, is piling on L's.
He cannot stop taking losses.
The longer the ripple case keeps going, they hate that.
The government wants open and shut cases, and they want W's.
So, the fact that the library case was kind of a W and then was undone, the ripple case is still ongoing and looking not good for the SEC.
They've poked the bear with Coinbase.
Is Coinbase actually going to skull fuck them?
And now you've got Binance getting in the ring.
You know that they're going to counter sue.
You know that they're going to take this to court.
They're going to go hard in the paint.
Gary has just stacked a bunch of potential L's in front of himself.
And honestly, guys, this is the best timing for this.
This is the...
All of this is going to get shaken out over the next 12 months.
Just in time for the having.
Just in time for the printer to get turned on.
So, you can all thank Gary Genzer for your next buying opportunity to fill your bags with whatever securities you want to fucking put in them.
It's not going to matter long term because he's out.
Okay?
Gary's out.
The timer's done.
Jenny Yellen hates his guts.
He's no longer...
It's probably going to be Hester Pierce, but they're probably going to reformat the SEC into a board and there's not going to be a chairman anymore.
Kind of like the Fed.
So, look, this is...
As far as things being named as security, this is going to be gone.
And you know that everyone knows this bullshit because the markets are covered.
You would...
If this would have happened, like, during the FTX meltdown, it would have been, like, people would have been losing their minds.
Like, Brian Armstrong just would have started tweeting out, you know, God knows what.
Like, he's going to get hair plugs or something and become an emo singer because he doesn't know what to do with himself.
But that's not happening.
Like, we ate this up.
We took it on the chin.
It's not a big deal.
All the Cosmos whales and all the Cody whales, they don't give a shit that they were named in the lawsuit.
So, like, take a chill pill.
Everyone calm down.
Now, I'm not going to comment on, like, CZ siphoning funds and buying boats and shit because I don't know enough about it.
And I haven't pinged my sources about it.
So, I think that's FUD, but, you know, you never know in crypto.
Like, like Books was saying.
Like, there's this super competitive.
But CZ could be a piece of shit for all we know.
But I'm not going to comment on that.
But I just did want to give everybody, like, it's not a steady lads, but it's just like, yeah, whatever, as far as the SEC goes.
Man, what's going on with you, bro, over at the BitBoy headquarters?
What the hell's going on out there, man?
You guys are, I'm seeing new viral tweets every day going on.
Yes.
What is going on, bro?
Look, I let Ben speak for Ben.
Like, I do the content.
Like, he does his morning show.
We talk about news and then the long-form content.
That's what I'm the head of there.
Like, with Ben and Ben.eth, like, Ben is not, one of the best, Ben's biggest strength and his biggest weakness is he puts himself out there 100%.
So like, there's no smoke and mirrors when it comes to Ben Armstrong.
So like, what the tweets are is what's happening.
So he started, he was trying to get this thing off the ground and trying to make like a movement, trying to make like a real difference maker to onboard a bunch of people into crypto.
And Ben.eth said he was going to do it.
And then Ben.eth didn't say he was going to do it.
He started backtracking and he's being all shady and full of bullshit.
And so Ben is trying to do his best to divest himself from Ben.eth because Ben.eth is just, he's just like a fucking crackhead meme coin shit coiner.
And Ben's like, no, you don't understand.
Like, we've got to move past this.
We have to have community.
We have to have a decentralized news agency.
We have to have like real utility to onboard people.
And Ben.eth is like, yeah, I don't give a shit about that.
So it's hard.
Ben's taking it on the chin.
He's working really hard.
We're actually flying people out to like meet Ben.eth physically like face to face and like hash all this shit out.
But like, that guy's a piece of shit.
And Ben's trying to, you know, he's just trying to get he thought he was trying to give a guy a chance.
And that didn't work out.
And yeah, so I mean, that's really that's there's no inside scoop, you know, about as much as I do now.
Yeah, man.
I mean, we've been working like crazy, bro.
Like, not really.
I know you guys see like us on Twitter all day.
That doesn't mean that I'm scrolling on the timeline all day.
Like, I never really been a timeline person.
If I engage with tweets, it's usually through group chat or something that was sent to me or by chance.
It's like the first few things on the timeline.
So anything I see is usually through group chats and people tagging me and stuff like that.
So I haven't really been paying too much attention to what's going on.
So, yeah, there's that as far as the drama goes and stuff like that.
I haven't really had time for it, but there's definitely been a lot of trauma around that whole Ben.eth thing.
So, yeah, there you have it.
Yeah, it's really unfortunate and there's a good vision for what the Ben coin can do and how that's the whole idea of locked liquidity and giving people a springboard and using that to fund other, you know, like decentralized news outlets and stuff.
That's all there.
That's all great.
You know, it's just an unfortunate turn of events with with Benny's and it's pretty much all I can comment on it because I don't really know them.
So, yeah.
Yeah.
So is it is it a decentralized like a decks that you guys are trying to pursue here?
Like, are you going to be competing with Uniswap, Kyber swap one inch like all the east decks is or are you guys going to compete with ease and Bitcoin decks is other decks is out there other decentralized exchanges?
Like, what is it that they're trying to do?
So the main thing that I'm involved with, this is the only thing I can speak on, is the decentralized news agency, like a crypto news desk that is operates a lot, very similarly to how Binance operates.
Like there's no like Binance headquarters.
They're all like spread out all over the place.
CZ lives in hotel rooms and blah, blah, blah, blah, blah.
So we need a real like left, right and center news desk for crypto because like Cointelegraph is going down.
Coindesk is going down.
So we're going to be losing a lot of our journalism here in the space and who's going to fill this.
So there's a power vacuum happening.
So that, for one, is one of the main part.
It's one of the main goals in the mission of Bencoin is to be this DAO, this funded DAO that can support journalism in a decentralized and also censorship resistant way.
Like I think we're going to, we're looking at getting mirror protocol, a mirror.xyz involved as the place where we actually put out content so that it's like journalism that's actually on chain.
It can't be censored and that sort of stuff.
So that's what I'm involved in.
We're looking at the vision for what involves someone like me, like I'm a content guy.
As far as the decks goes, like we're looking at bringing on, you know, people that can make a decks.
And I think competition for decks is, is good in the space.
And if there's ever a time to build a decks, it's right now.
But the ins and outs and details of that decks, I'm not, I'm not fully engaged with at this time.
Yeah, man, I mean, as far as the decks goes, here's, here's the things that, that worry me is most of the traffic goes to like, it's like a monopoly almost, right?
With most of the traffic going to uni swap.
Yes, there are other decks is, yes, there are other decks is that are successful.
But I look at Kyber swap, right?
Like if you go on Dextools.io, Dextools is a very, very popular place to trade shit coins, DeFi tokens and things of that nature.
And you could buy crypto directly on Dextools using their swap, which is called Kyber swap.
Or you could just go on your browser on your MetaMask, Coinbase wallet and use Uniswap, one inch, whatever it is.
And I feel like they've collected a lot of money.
They have definitely proven, like Uniswap I could definitely speak to, they have proven that they're not the, they're not truly decentralized.
Because they delist tokens, they delist coins, they play games, they definitely play games, right?
Like there's coins that are untradeable on there and it's not fair because it's supposed to be decentralized.
When you're decentralized, you are, you're inheriting a whole new world in a way.
Claiming to be decentralized, you cannot ban scams.
Like scams should be tradable.
If there's something on there that's financing drugs and, and sex and stuff like that, it's gotta be tradable.
You can't, you can't have the government dictate what you can and can't do.
You have, you can't have anyone dictate what you can and can't do.
It's gotta be code and that's it. Like the code allows everything and there's no in between.
Look at like decentralized social media.
I could tell you guys a million different ways of how, and these are all my opinions.
I could tell you a million ways on how decentralized social media could be a problem.
I'll give you some examples. Twitter. There's pornography on Twitter.
There's all kinds of sex stuff on Twitter. There's even been pedophilia on Twitter.
And people complained about it, but I guess some, some kinds of rules changed or whatever.
And some, some stuff is allowed. Now if it was decentralized, there's really no way you can control any of that.
You have to allow everything you're inheriting the word decentralized and attaching it to your social media or whatever you want to call it.
So it's like a, it's like a tough thing. It's like a tough thing to play with.
And then it like gives me that thought that like, dude, this is a centralized world.
We can't have decentralism. We can't, we can't, we really, really can't.
If you want decentralized ways in which you transact, I think they'll be able, I think they'll, they're available now and they'll always be available.
But as far as having this beautiful decentralized world where everyone's playing nice and everyone's playing fair, like it's not happening.
And some of the people asking for it are the same people that are crying when they click a link and get drained in their DM.
You know, imagine it in a decentralized world, how many more people will be getting scammed and clicking links.
Uh, people have been getting scammed for ages on the internet, not even the dark web on the internet by itself.
People have been getting scammed for ages through banks, credit cards.
People have been getting scammed for ages, whether it was loans, identity fraud, identity theft, all that stuff.
So I just don't see, you know, this decentralized world fantasy land that everybody's, uh, everybody's asking for as something that's going to happen unless we fully take over.
Like, like the decentralized news thing that you guys are doing, Nick, I love it.
I love it. I support it. I want you guys to do great.
If I was to do that, why I would change my mind and not pursue it is because I feel like one day if I'm, if I'm really, really doing like decentralized news and posting news that, you know, nobody wants me to post.
And the government really doesn't want me to post. The government doesn't even want to see.
Some people in black suits might show up at my house. My mother might randomly go missing one day.
I might get poisoned at the mall or at a restaurant.
Like just some weird ass shit might happen.
And I guess people don't really think of those consequences.
So, man, I definitely applaud you for taking that.
And, you know, I'm sure you've thought of anything I could tell you or say.
I applaud you for even having the balls to want to pursue something like that.
I like I appreciate that.
And I do want to like clarify, like there's a I think it's a just like there's a difference in language.
When we talk about decentralization, there's like capital D decentralization, which is like the Wild West.
There are new rules. Everything goes.
And then there's like lowercase decentralization where it's on a sliding scale.
So like there is centralized information like what you see in the corporate media, like the Democratic Party comes up with talking points.
They send it to ABC, CBS and NBC, and then they disseminate the message like that's highly centralized.
And then you get something like fucking 4chan, which is about the closest thing on the clear net you can get to decentralized just insanity on the Internet.
So I agree, like decentralized social media is hell. It's awful. It would be a terrible thing.
So when we're saying when I'm using the term decentralized, and I think this is something that we as a community can kind of come with a better definition for is more of like the the not there are no rules, but there is no way to stop it.
So it's just the Hydra effect. So we want to have a decentralized when I'm saying decentralized news agency.
It's something to where if you cut off one head, you know, two more sprout up, so there is no way to, you know, break the back of whatever this decentralized news agency would be, it would have rules, you would you could you would have to have sources, you know, we're going to have a code of ethics, just like a DEX, a decentralized DEX is something where we would respect property rights.
Because let's face it, like, if we don't have property rights, we're not enforcing property rights, like, like, then then it's stupid, then it then it literally is the Wild West.
So, you know, you enforce property rights, but you do it in a way that the community does it and you, you know, have a back and forth.
And look, this is not easy. None of this stuff is easy. But if we can have a way to where we democratize DEXs and put a little more competition into the market, because as we all know, like, you know, swap is basically bought and paid for by a bunch
corporate shills. That's one thing. And when I say decentralized news, I'm talking about just its operations being decentralized, not the content, the content is content is moderated, like we have to have a focus and we have, there's no focus to what you're doing, and you're not going to do anything well. So I hope that kind of clears it up. But yeah, there's a lot of like, second and third order effects that we are working through. It's all on a whiteboard right now.
So, and yeah, it gets really hairy.
And it's a, it's a world, it's a world I don't want to play in. I'll keep it, I'll keep it simple. It's a world I want to definitely not play around in. Would I dabble with like the whole decentralized world?
Yeah, I feel like I already am to a degree, but is it something that I want to go and start my own type of a way to compete? Or even not just compete, but like,
be like an enemy of the government in any way? Hell no, man. I want to stay as under the radar as possible.
But I'm here to support. I am definitely here to support your endeavors, sir. And anyone's endeavors that are going to try to play in that game. I definitely have a lot to lose when it comes to that. So I'm going to, I'm going to try my best to stay away from that type of stuff as far as getting involved business wise. But I applaud you, sir. I definitely applaud you.
No Corp. What do you want?
Oh, fuck, dude. I forgot. I had my hand up in the beginning talking about CZ. Like I wanted the, one of your thoughts. Do you think that Binance, like, cause you know how like China kind of is, there's no real private businesses there. Like, do you think China will back, like the actual government will be backing Binance?
Oh man, I don't think so.
Bro, no way.
I don't think they like them.
Yeah, the CCP hates Binance because they're essentially a shadow bank for the Chinese people because the Chinese people can't put their money into a bank because it gets inflated away because they manipulate their currency so hard. So Binance has been operating as a shadow bank. That's the whole purpose of Tether is so people in China can have U.S. dollars. That's the whole purpose of Tether.
CZ can't enter China, by the way. CZ is not allowed in China.
Yo, here's like, I have a whole conspiracy theory in my head in regards to all of it. I broke it down earlier today.
I think CZ is cool with China.
And they act like he's not, and they act like he's not, and he can't enter China, and it's all like this charade.
I think America absolutely hates it. Like it drives them nuts.
And if we look back several months ago, when Brian Armstrong from Coinbase started acting like he was a man for the people, loves the people, and he's here to fight the government, and he's getting the hell out of the U.S.
He doesn't even want Coinbase in the U.S. anymore, to make a full 180 or 360 degree U-turn from what he's been in the past.
I think someone's involved there. I think the United States is.
I think Brian Armstrong might be their new pawn.
It was FTX before. It failed.
Now they have Brian Armstrong to use.
They're disgusted that it's CZ and not one of their own.
That's number one.
I think they were pushing Sam Bankman-Fried to take that number one spot of being the face of crypto.
I don't really think there is a face of crypto.
But right now, it's CZ.
CZ is the number one most important person in cryptocurrency.
If you think I'm wrong, we could agree to disagree.
I don't think it's Vitalik.
I think it's CZ.
I don't think it's Michael Saylor or any of these people.
I think it's CZ that's number one right now in the crypto space.
He's the face of crypto, in my opinion.
He's the main person.
Exchange, number one, all that stuff, number one.
They wanted it to be Sam Bankman-Fried and FTX.
Who fucked it all up for them?
I'm going to go back to last summer.
Kevin O'Leary, after Luna Ruggs, was doing an interview and said,
Oh, this is nothing.
There's going to be a really, really big one coming at the end of the year or in a few months.
And it's going to be really bad.
Kevin, you're working for Sam Bankman-Fried and FTX.
You definitely were not talking about Sam Bankman-Fried and FTX.
Now, has Sam Bankman-Fried been talking to you, Kevin,
and telling you that he's colluding and he's going to fuck over CZ?
It also sure looked that way.
It looked like Sam Bankman-Fried was going to expose CZ for something.
It looked like CZ was the one that was going to fall.
And I think the United States' plans were for CZ to fall.
And what ended up happening was Sam Bankman-Fried and FTX fell.
And why did they fall?
Because they poked a sleeping giant, which was CZ.
Now, guys, don't get me twisted.
I don't like CZ.
I don't like none of these crypto billionaires.
They are not for the people, no matter what they say and what they do.
They could do something that benefits us for two, three months max
and then do something that fucks us for two, three years.
So when I'm speaking, even if it sounds like I'm favoriting someone,
I'm favoriting them for the moment.
It doesn't mean I like them or co-sign them or any of that.
CZ then, after this whole FTX situation,
becomes this man of the people, face of crypto again.
FTX is out of the picture.
Sam Bankman-Fried is taken down.
And the U.S. government, they always had a hard-on for CZ.
But this hard-on now, it turned into like, man, they must have sniffed five boxes of Cialis
and 5,000 Egyptian 100 milligram Viagra.
Because that hard-on grew.
It grew so big.
They started taking down mini exchanges.
And any time these mini exchanges like Bits Lotto, for example, got taken down,
in the articles, if you pay attention,
it would say $700 million was money laundered through intermediaries.
Pay attention to all that because it's all going to come up in this case against CZ.
They're going to try to say CZ and Binance was the intermediary in all those little mini exchanges
that got taken down.
Because it was.
No other exchange is big enough to wash $700 million and play with figures like that,
besides Binance, Coinbase, FTX a year ago, and whatnot.
So, they had this huge hard-on for CZ.
They, in my opinion, tried to fuck the market up as much as possible.
If you look at what happened with the banks, the banks started falling.
So, we recovered from the FTX drama for a few months.
I think two months after the FTX drama, we've made a recovery.
We're pumping back up into the mid-15, 16, 1700s.
And then the banks fell, Silicon Valley, and that whole situation happened.
Now, that's something that should have been detrimental to crypto.
We should have tumbled down as well.
If you look at all those banks, what do they all have in common?
They're all like the top, the top on-ramps and off-ramps for cryptocurrency
when it comes to like business banks.
They're not banks that, you know, me, you, our mother's father's bank at
and go to the SVB bank and put money in, put our card in the ATM machine
and take out $200 because we're going to the zoo for the weekend.
These were great on-ramp and off-ramps for cryptocurrency.
It was like an attack on the banks that are good on-ramps and off-ramps.
And for anyone in the room that's listening that doesn't know what an on-ramp and off-ramp is,
for me, for example, Coinbase.
The exchange Coinbase is an on-ramp and off-ramp.
It is very easy for me to take money.
Not very easy.
Hell no, not very easy.
But it is how I would get money from my bank to an exchange
if I needed ETH, Bitcoin, or cryptocurrency.
Now, if I've got a million dollars in my MetaMask and I transfer it to Coinbase,
it's also the easiest way for me to instantly deposit from Coinbase or instant,
you know, there's limits for this stuff,
but instantly I can transfer some money from Coinbase to my bank account
where it hits immediately.
Basically, it's also, you know, the easiest on- and off-ramp for me
that works for me right now.
So, well, not right now because they banned me, but it once was.
But it's an easy on- and off-ramp.
Now, as far as an on- and off-ramp for big, big, big money,
Silicon Valley Bank was a good one.
And some of the other banks that got taken down as well.
So it looks like a targeted attack on all that.
I just wanted to explain.
Now, when that all happened, crypto was supposed to tumble.
And it did very, very temporarily.
Then you had CZ, Justin Sun, all these dudes start stepping up.
Not only were they stepping up financially, like, they pumped the market back up,
but they were also stepping up and making news headlines.
Like, Justin Sun offers $2 billion to buy a once-prominent failed bank now,
Silicon Valley Bank, or whatever the news headlines were at the time.
CZ was talking about how this is great for crypto.
And then I saw a lot of stuff saying that CZ was pumping the prices of crypto with,
I don't know if it was treasury funds or whatever it was.
He had money and he was pumping the prices up.
He was keeping it from wrecking us.
And I think he's continuing to do so.
I think today that sharp decline that we saw was him pumping prices.
Is he pumping prices to keep retail afloat and keep people on Twitter spaces happy?
He's doing this for his own reasons.
He's doing it for his own reasons.
It's just to, like, double fuck you to the bank.
It's like if you're in business with someone that's rich and you screw them a little bit,
and they don't care if they have to spend millions of dollars to screw you ten times harder.
It's the same thing.
He's playing in that game.
Now, is it a wise game to play with the U.S. government?
Not one I would ever recommend to anybody.
No matter how rich you are, you don't play games with someone that has money printers.
You know, you don't play games like that with people that could turn money printers on.
You know, which we saw happen yet again.
You know, the last thing we needed was for them to turn the money printers on,
and there they go.
They start rolling again.
So CZ's definitely been, you know, this face of crypto,
this guy that has been saving crypto, it looks like.
And the U.S. government wants it to be Brian Armstrong and Coinbase, in my opinion.
Like, their second chance after they lost Sam Bank and Freed.
So, that's my conspiracy.
I don't know what my conspiracy theory that I've came up with.
I don't know what you guys think of it or what you guys think of the whole situation,
but I'd love to hear from you guys.
So, raise your hands if you guys got anything to say in regards to any of that.
Yeah, you said you have a million dollars.
No, no, no, no.
I was just giving an example, bro.
I was going to just ask for maybe five, ten bucks.
No, I was giving an example.
That million dollars that I had a couple days ago, if you're talking about that.
A yacht has been purchased.
Vacations have been paid off for the next few years.
That's long gone, my friend.
Bark, do you know anything about that?
Dude, I'm way too stupid for this shit, dude.
I'm way too stupid for it.
And then what am I going to do about it, books?
Like, am I going to get angry?
Am I going to fly to Asia and just, like, bitch?
Dude, I am at the mercy of the wind.
I'm like Forrest Gump intro all over again, just flying around.
No control.
Crypto gets banned in the U.S.
Nothing I can do, dude.
See you in Puerto Rico, dude.
Or no, that's U.S.
No, they can grab us there.
Remember, bro.
I already told you the deal.
Okay, tell me again.
I'm a cameraman.
Me too.
What do you mean?
Listen.
I'm just a cameraman, dude.
You got to explain.
The first thing, guys, the first thing we did before leaving the United States,
the private jet, it stopped in Belize.
We set up an asset protection trust.
From Belize, we headed to Norway.
But Norway rejected us because they caught me with 19 passports.
So we get rejected in Norway.
We ended up in Dubai where we're just vacationing now, trying to plan out where we're going to go.
We were going to go to the Congo, but the internet ain't doing too well in the Congo.
So we haven't really figured out where we're going.
If you guys got any recommendations, please let us know.
But we do have the asset protection trust set up in Belize.
Panama.
The first right step.
Definitely not going to Panama, sir.
I'm not going anywhere where you put some money in the bank and that country is going to do whatever the fuck they can to get that money out of you and kill you in your sleep.
So definitely not doing that either.
A lot of people are like, oh, if I make billions of dollars, I'm going to this country.
It's like a third world country and there's no extra ditch in there and all that.
Like, dude, you have no idea what you're getting yourself into.
Just let one person out there find out what you're worth in crypto.
And watch how fast you're tied up, hanging upside down, giving them the C phrase letter by letter, capital, lowercase, number, whatever the hell you got in that C phrase.
You're giving them all that information.
And they don't even got to try.
It's like taking candy from a baby.
But they're going to try just to really, really scare you.
And then they're probably going to kill you anyway.
But that's besides the fact.
People don't understand what real life is.
I grew up going to the Middle East at a young age.
Trust me, man.
There are certain countries I don't want to go back to, especially with money.
You got some nice sneakers, bro.
They're chasing you out of every neighborhood.
You guys got no idea.
There's countries in the Middle East, man.
Not even in the Middle East.
There's Middle Easterns in Spain that my dad was friends with.
My dad told me stories in the 1970s, 1980s.
If you had a lot of money, and the second you landed in Ibiza, in Spain, the second you landed in Ibiza, my dad and his crew knew, yo, this guy with $2, $3 million just landed.
There's a long road from the airport to, like, if you're going to, I don't know which airport, Ibiza or not, but I forget.
But if you're going to, like, where my dad and his crew were staying, it was, like, this long road from the airport that takes you to wherever you got to go.
They're going to catch your ass and take that money during your trip from the airport.
Like, you're not even making it to your destination from the airport, and they've got you and got your money.
Like, that's what goes on in a lot of places.
So, good luck, you know, being incognito.
Good luck trying to have fun spending the money.
That's why a lot of people do choose Dubai.
Dubai, I do think Saudi Arabia, Qatar, those are very, very safe countries.
Not only are they safe, but I think they're the next Dubai.
I think a lot of people are going to start heading there.
I think a lot of people are going to go from Dubai to those countries because it's not, you know, zero tax anymore.
It's now, like, 10% or 14% in Dubai.
So, yeah, there's that.
Dubai is zero, zero percent, zero.
It's no longer zero, it's no longer zero.
Bro, it's still zero.
I think they just recently announced, like, a couple months ago that it's not zero.
No, no, it's still zero.
Maybe for Dubai citizens, bro, but if we go to Dubai, it's not zero.
I would go double-check that.
Bro, my friend just won there last week.
It's zero.
Well, I don't know, bro.
I saw some shit then that was wrong, but I definitely got to double-check that.
And, um, also, bro, if you need the citizenship or, um, not citizenship, I would say, like, for five years in Dubai, let me know, books.
Yeah.
We're definitely going to need that.
Yeah, you got some golden pieces on deck?
Uh, let's just say I have connections.
Yeah, I'm coming, too.
Let's go.
Here we go.
All right, I'm going to read it to you guys right here.
Ready?
The United Arab Emirates, which is Dubai, introduces its first-ever corporate taxes set to start in 2023.
The country's statutory tax rate will be 9% for taxable income exceeding 375,000 UAE dirhams, which is $102,000, and zero for taxable income up to that amount to support small businesses and startups, the ministry said.
There was some other stuff I read, but I'm not too sure how accurate that is, but capital gains, I guess the only thing I could find is 0%, so that's pretty damn cool, but it's only a matter of time, in my opinion, before they change that shit, so we'll see how it goes.
If they haven't already, I'm just not really searching it, and I can't find what I've read in the past.
I think the only charge, like, if you're trying to expand or extend your visa for five years, because, like, you have to start a corporation over there from U.S. to Dubai in order for you to get a five-year's resident or a five-year's visa, and then you have to pay tax for that visa, which is not tax.
It's just fees, but that's just for the visa, but, like, income-wise, bro, they don't charge you shit.
They don't need your money.
You know what's even better?
What up, Bongi?
Because it's going bucks.
I think, like, Middle East, for sure.
Like, nobody's, like, it depends.
Kuwait is an interesting one.
It's where things are so great, they don't even fucking care.
Um, we, I remember we did, like, mining stuff, uh, all in their, uh, chalets sort of thing.
It was a really big thing back in, you know, 2017, I would say, like, it was, like, booming.
And it's the kind of place where, like, you know, like, you can, there's no taxes, absolutely.
You get paid in Kuwaiti dinars, it's fucking beautiful.
Um, and it's generally, like, a Miami, but in the Middle East.
It's so weird, I don't know how to explain it.
Yeah, I mean...
Kuwait is definitely a good one.
That comes with a lot, though.
Because, like, if you're a woman, you, like, can't do anything in that country.
Wait, that's Saudi.
That's not Kuwait.
No, bro, Saudi changed, bro.
Saudi isn't the same no more, bro.
Yeah, it's not.
Fucking Migos was there, my dog.
Yeah.
Yeah, bro, Kuwait-wise, bro, like, Kuwait is my favorite.
Because, like, the government is super chill, bro.
Like, if you go to Saudi, and, like, if you say anything wrong, like, if you say, like, I'm saying, like, a text message on WhatsApp, bro, like, you're fucked.
You're fucked big time.
But, like, Kuwait, Kuwait is super chill.
Yeah, it's because most of the people have the money.
But it's the same thing Book said.
You, one person is all it takes there.
Just one.
And it's a done deal.
So, you know, come to think of it, like, we're talking about the best places, but, like, I've been all over the Middle East.
I'm from Egypt.
So, like, I would know, you know, but, like, yeah, man, look, it's not what you think at all.
At all.
It just takes one person, really.
That is a very true statement.
And if you're the type of person to get homesick, it's definitely not the place for you either.
It's completely different.
Like, completely different.
Is it clean?
Is it nice?
It's absolutely, but it's completely different.
It takes a lot, a lot, a lot of getting used to.
And something I would recommend trying out for, like, maybe going there during the worst time of year, which is the summer.
And spending, like, two, three months of the summer there and seeing if you like it or not before making the move.
So, you start the car before going out.
That's the note.
You start the car.
You wait ten minutes.
And then you make your way to the car.
Trust.
Just trust.
If you don't do that, then not worth Kuwait.
If you want to take it to 80% humidity, by all means.
Habibi, welcome to Dubai.
Axe, what up?
I forgot.
But did we, like, you were talking about, I was in here, you were talking about, like, the whole Binance and shit.
Did you talk about why, like, why do, why is Ethereum left off that?
We got Solana, Cardano, all those others, but, like, no Ethereum.
Why?
What do you mean?
Like, Cardano, Solana, everything was mentioned in the SEC lawsuit that they're securities, but they didn't mention Ethereum.
It's kind of.
They mentioned Matic.
Yeah, no, they mentioned a lot of things.
I think, and I don't, damn, I don't want to talk out of my ass.
I think the reason they didn't mention Ethereum is because Gary Gensler has said some dumb shit in the past that Ethereum was not a security or was not classified as a security and maybe doesn't want to, they don't want to, like, go back on his word and screw up.
I really don't know.
And you got to look at Vitalik, man.
Vitalik's also been, like, a golden child.
And he's been cooperating and he's been visiting the U.S. a lot.
And it doesn't seem like the U.S. is coming after him and talking shit about him, but I don't know, man.
I really don't know why.
Legion, what up?
What up, Bucks?
They didn't list Ethereum because a former SEC.
Ethereum is not security back in 2018.
So they would be in, like, a pickle, so to speak, if they were to, like, just come out and start saying Ethereum is a security.
But here's the thing, are they that dumb?
That's why they didn't list it.
Are they that dumb?
Because let's say Ethereum, Legion, you hear me?
Yeah, I can hear you.
Let's say Ethereum wasn't a security.
Let's say it wasn't a security in 2018.
And it wasn't a security until August of 2022.
And then September, when they did the ETH 2.0 merger and went to proof of stake from proof of work, it became a security.
And, like, that's, if anything, I feel like it did become a security then, but.
You're 100% right now.
That still doesn't, like, Gary Gensler, whoever the fuck it was that said it in 2018, like, it still voids that, doesn't it?
Like, they, you know, it doesn't make sense that all those guys didn't, ETH didn't.
Like, I definitely agree there.
So, we can.
Oh, you're breaking up, bud.
I got a question.
Is decentralization of ETH?
Oh, I think he's really rugging.
Yeah, Legion, you're rugging, bro.
You got to leave and come back.
Master, master rug.
I just get, like, did Ethereum have, like, an ICO or, like, pre-sale type of thing as well or no?
No, not that I know of.
Okay, okay.
Maybe that has something to do with it.
Boyster, you were giving a lot of thumbs down.
You got something to say about that?
About what, in particular?
About Ethereum and why it wasn't classified as a security with all the other...
Yeah, books, it was an ICO, by the way, just to throw it out there.
It was an ICO in 2014.
It went, like, I think two stages.
I think 18 million was the cap.
Got it.
Yeah, Boyster, were you just doing the thumbs down while we were talking to get brought up on stage?
That's usually, like, a tactic.
Was I just doing thumbs down to get brought up on the stage?
No, it was to disagree as to whatever was being said at the time.
I don't remember, but I guess it's obviously not in the main topic of conversation right now, so...
That's what the thumbs down was.
Yeah, I usually like to bring people up to disagree, so I'd love to hear what you were in disagreeance about.
All right, sir, you have a great day.
Let's go back to you, Ox.
All right, I just think it's...
I don't know, I didn't read the 130 pages or whatever, but, like, I feel like they're trying to push Binance US out of the US.
They don't really mention, like, the offshore exchange and everything, so I think mainly they want to get rid of Binance US is, like, my main thought behind it.
And they're connected to, like, CoinMarketCap.
So many other entities were actually named in the lawsuit, so it's, like you said, a lot of key players and parts to the space are going to react to this in many different ways.
It's going to be very interesting.
Well, the number one influencer on all blockchains, including Cardano, is actually up here on the stage right now as a co-host.
This man has warned you all and told you all a thousand times in the last two years to get all your funds off of Binance.
And I think now is the best time to do so.
Alex, what's going on, man?
Alex is sleeping.
Yeah, he's sleeping.
He's fired.
He's definitely not fired, but he's got to do an interview again with me and Bark.
Hello?
Yo, Tian!
By my mind.
Dude, how many times...
Yo, happy to be on the space with the founders of the Network Token.
Hey, can you guys tell me when this shit's going to launch?
I don't know.
I'm just doing marketing.
Okay.
Yo, how many times did you tell people to get their funds off of Binance immediately?
Dude, about a million times.
Dude, I'm like...
Unless you're trading futures on any centralized exchange, there's really 0% chance you should
have $0 on your...
There's no reason for storage on any type of centralized exchange.
I mean, you could be providing value to the blockchain simply by staking, and that doesn't
require any centralized exchange.
As a matter of fact, if you're going to actually use futures, yeah, I'll shill.
Rollbit has futures.
Rollbit has futures.
And you can 1,000x...
You can really degen.
You know what I don't understand is people that 2x futures, like leverage, or yeah, they
do shorts, or long...
Rip the fucking Band-Aid off and go 1,000x.
And that's not financial advice.
That's life-changing advice.
So yeah, no one should have any funds on the centralized exchanges.
Dude, let me ask you a question, sir.
Are you having a space at 7 o'clock tonight?
Okay.
Okay.
I think you're rugged.
You guys can hear him?
He just keeps screaming, capitulation, motherfucker.
That's all I can hear, dude.
It's good.
He's rugged.
I think he's rugged.
Like, there's...
It says co-host, and then there's a blue dot next to co.
Alex, I'm going to...
He's on an iPod shuffle, by the way.
I'm wrong.
Hold on.
No screen.
Actually, he's on a PSP.
Yeah, Ox, you got a request to come back up.
I'm going to remove Alex and bring him back.
Okay.
Yeah, he definitely rugged.
Folks, you want to know one of the most interesting things about the SEC and what I call the key
that they have right now?
Yeah, what about it?
So, like, to define the crypto assets by the SEC, they're like, it basically has to be
sufficiently, sufficiently decentralized to not become a security.
What the fuck does that mean?
How do you determine something to be sufficiently decentralized right now?
What is it?
Like, is there a number?
Do you know anything about this?
Yeah, I mean, Bitcoin is sufficiently decentralized.
Bitcoin is run by code.
There is no founder.
There is no one that can get bribed by the government.
There is no one that can get kidnapped by the government.
There is no one that can go on Twitter and put out a tweet that offends more than half
or if not all their holders.
So, Bitcoin, in my opinion, is definitely the most truly decentralized one out of the
crypto blue chips, dude.
I don't care how much is held by Binance and exchanges and stuff like that.
I don't think that determines whether it's centralized or decentralized, in my opinion.
I think there's a lot more important factors that come into play, but Ethereum, you've got
Vitalik, who, man, I don't care what he thinks about the Ukraine and Russia war, but he went
and had to open his mouth about it and definitely offended a lot of his holders.
I think he said some shit, done some shit that he shouldn't have, and it definitely hurt
Ethereum, so I'm not the biggest fan of Vitalik and having a doxed founder like Vitalik, but
it is what it is.
Like, I always, even being an ETH maxi, right, you could call me an ETH maxi, but I'm definitely
not a Vitalik maxi.
I personally think I'm a blockchain maxi.
I like any blockchain where there's opportunity for me to make money and opportunity for growth,
so when I look at Ethereum, I used to think, oh, one day ETH is going to flip Bitcoin, and
then I learned more and more and more.
Yes, I love ETH 2.0 and the burning and all that stuff, but as I learn more and my mind
starts to change, I think the sole reason ETH never flips Bitcoin is because there's no
founder.
Now, what I think in the future that's going to hurt Bitcoin is, quantum computers, and
it's like the CIA or whatever, is able to mimic Satoshi's wallet and pretend they're Satoshi
and come out and act like they're Satoshi and transact from his wallet or do some crazy
shit like that.
That's going to hurt Bitcoin, but I don't think Satoshi exists.
I think Satoshi is either dead or disappeared a long time ago as part of the plan.
Yo, Books, that reminds me of that one time that Bark shilled this coin called Gene down
my throat, and then I bought it live in the Twitter space, and then I came back here and
tried to tell you about it, and I was like, yo, Satoshi's alive, and he started a meme
coin, and you were like, Pete, if Satoshi was alive, the world would be ending, and I was
like, damn.
And then it turns out that it is not actually Satoshi's token.
So thanks for that, Bark.
That was a good day.
In case of an investigation by any...
Pete, I'll have you know that I was shilled that token as well, live on space, by somebody
else, and nobody could tell me for sure that it was not Satoshi Nakamoto.
We may not have confirmed that it was, but nobody could confirm that it wasn't.
So I have seven of them, and...
Nah, Bark, it wasn't, yo.
And I didn't sell a single one.
Bark, you see how they made my wallet send you fake network tokens and send everyone fake
network tokens?
They spoofed my wallet.
They did the same thing with Satoshi fam.
And that's exactly what he would want you to think.
So you can believe whatever you want to believe.
Listen.
No, no.
Bitcoin wasn't made...
I'm writing it off.
It's a tax write-off.
It's a tax write-off.
Bitcoin wasn't made to make you rich.
Oh, dude.
It's a tax write-off right.
I'm done.
Don't worry.
Bitcoin wasn't made to make you rich.
Bitcoin was made to set you free.
Bitcoin was made to save you from an oppressive government.
But, Legion, I hope you have good service.
You found yourself some Wi-Fi.
Maybe you pulled over at a Starbucks and connected to the wrong Wi-Fi, and they hacked your fucking
iCloud or whatever.
But please, bro, don't rug right now.
Yeah, I think I got better service.
You know, I had to leave McDonald's and go back to my office.
God damn you, Legion, bro.
Oh, shit.
You muted.
Okay, you there?
You were saying, like, Ethereum's deflationary.
I was reading, like, they mentioned Solana got mentioned in the lawsuit because it was deflationary
and burned or whatever.
Or, like, that would make it more reasonable to add Ethereum.
You know, I'm trying to call the SEC to get a reason why Ethereum is not on that list, actually.
It's very weird.
It's very weird.
But are we going to launch this?
It's completely decentralized.
I'm going to wait to launch this for a few days.
Please, like, don't launch this coin for, like, until the market recovers.
And, uh, it'll be, it'll be great.
But please don't launch this in the next day or so.
Books, what if you don't launch until you're sufficiently decentralized?
Like, what about that?
Like, is that a thing?
I mean, I ain't trying to be sufficiently decentralized or whatever the fuck that is.
I don't even know how to.
I would have to do research on that stuff.
Guys, I, uh, I also don't, I don't control a launch.
Um, and I have to ask the founder, Bark.
Maybe, uh, maybe you guys should let him know this stuff.
I'll be sure to let the founders know your concerns.
As a marketeer, I can get in contact with them.
But there's a language barrier and a, and a, and a time barrier and a couple other things
that might slow it down.
Books.
But I'll be sure to relay your messages to the founder, Alex, when I do get a shot.
I will tell you, their system is very decentralized.
Like, we can't, man, this is, uh, this has got to be, like, the first, uh, meme coin I've
ever seen where you can't even call the founders.
We, uh, we communicate via Morse code and, uh, you know, we're lucky to have Alex with
his military experience.
He knows how to, uh, how to speak via Morse code.
So, yeah, that's as decentralized as it gets, in my opinion.
Also, Books, do you want to tell everyone that's here why you removed the address, uh,
from the multi-sig and added BitBoy's address after he, uh, left Ben.Eth?
I heard that he's joining the network, uh, and he's added to the multi-sig.
Can you confirm?
We, guys, we removed an, we already, uh, did at the beginning of the space, but for anyone
that's concerned with the multi-sig, we removed an address of someone that's no longer on the
team.
So, would you rather have someone that's no longer on the team on a multi-sig?
And then you drop it down by a signature as well so that no one can really collude and
stuff like that.
It's not a, not a two against three kind of thing where there's five of us there now and
whatnot.
But we will be adding people onto the multi-sig in the future.
We're going to be removing people, adding people.
There's going to be a lot that goes on with the multi-sig, but we're going to make it as
safe as possible.
We're not worried about any of that stuff.
This is, this is just a pre-sale at the end of the day.
There's going to be other multi-sigs attached to the project, uh, project in the future.
Uh, and that was what was communicated to the three marketeers.
So, just to throw that out there.
Yeah.
Also, I know there was a thread going around.
We also went over that at the beginning of the space, but for anyone that joined later
on, guys, just because someone signed the transaction on a multi-sig does not mean they
initiated it or executed it or started it and moved people around and did all that stuff.
So, that's inaccurate.
Now, when you're on a multi-sig with a bunch of cheap bastards, they, you know, they stick
the gas to books.
So, they say, after everyone signs it, they say, books, hey, can you sign this and click
execute real quick?
And then books finds out real quick he's got to pay a couple dollars in gas because the
cheap fucks on the multi-sig didn't want to pay the gas.
And that's why in that thread, the genius that wrote the thread said, Dao Kwon Do initiated
and removed and moved and did all this crazy shit.
No, that's not true.
I just paid the gas because my friends didn't want to.
It's good to know you're that one of the three on the multi-sig bucks.
Wait, you guys don't know who's on the multi-sig?
It's me from this.
No, we do.
We do.
We just didn't know who's the one that, you know, was forced to execute and pay the gas.
But now we do.
So, 5-4-1-E is me on the wallet with my board ape in it.
Alex's wallet with his mutant in it is another one.
Bark on his main wallet is the third.
And then the other two are two undocced members of the team that we can't reveal.
It's me, Pete.
No, it definitely isn't.
And the one that we removed is removed because they're no longer on the team.
Like, we ain't stupid.
We know that we can't travel together.
We can't go on flights together.
Can't drive in the car together.
Like, there are so many rules we have in place.
Guys, the beauty of this is you get to learn from a lot of mistakes.
Crypto is no longer as new as it was two years ago, three years ago, five years ago.
So, this trial and error world of crypto, obviously, it's ongoing.
We're still in a trial and error space or phase.
We're still experimenting and learning.
But, damn, you know, there's a lot of information to go off of.
There's a lot of experience to go off of.
There's a lot of trial and error that already happened that could help us prevent things in the future.
So, we're definitely blessed.
There's been a lot of, lot of experiments that we have learned from.
And two years ago, two years ago, if you Googled, you know, DeFi, crypto, meme coins, smart contract related stuff,
you're not finding maybe 10% of what you will find today.
If you searched on GitHub, if you searched on Twitter for information, you are not finding 10% of what you will find today.
This space has grown so much, matured so much over the last two years, it's not even funny.
And I'm talking about from a technical standpoint, not from a degen and investors.
We'll be immature forever.
Dgens are, we're going down.
We ain't going upwards, but it is what it is.
Damn, y'all just engagement farming now, huh?
Adrian, what up?
Even Adrian's engagement farming today.
He's actually on the Tesla line at the moment, checking out the Model S.
He doesn't want to unmute his, he doesn't want to unmute because he's by like some big turbines or something.
He's FaceTiming with Robert, with Robert Kennedy Jr. right now, live on a Twitter space with 600,000 people in it.
Is that really going on right now?
It happened already?
Yeah, it happened earlier today.
Was it good?
I didn't, I haven't listened to it yet.
I was on set all day.
It was definitely good, bro.
11.4 million views and they went for two hours.
Insane.
Pretty rare.
I love the idea.
Almost a million people tuned in.
I love the idea that it's breaking these obviously massive conglomerates' backs and how instantaneous it is.
The fact that it's live.
I love the reality of it.
How was the quality of the space?
Did it, was it glitchy?
So the stress test worked?
I just listened to the first like 20 minutes before this space because I just got home and yeah, absolutely nothing.
It wasn't as bad as the last one.
That's for sure.
It's fucking incredible.
They have like 700,000 people tuned in.
Yeah.
The numbers are crazy.
Almost a million people.
And then the replays are insane too.
So the replays added with how many people tuned in is probably a million, no?
Yeah, definitely.
Definitely.
I'm definitely going to look at that tonight.
Like 100%.
Yo, how do you guys feel about this whole SEC thing?
Do you guys think that we'll feel the effects towards the end of this week or we've already felt it?
Ox, how do you feel?
I definitely felt it.
You know, I'm on B&B.
My bags are down.
Definitely down.
But did you see that Do Kwon was released from custody yesterday, 14 hours ago?
They're saying like somehow maybe he snitched on CZ.
I just seen a tweet about that.
What's that?
Your name is like very similar to his.
You a big fan or?
No, dude.
I'm Dao Kwon.
Dao Kwon Do.
Like Taekwondo.
Like, you know, that SpongeBob show about karate.
You know, like that.
Yo, Books, you really like SpongeBob, bro.
I mean, dude, I grew up watching Nickelodeon and Cartoon Network.
Me too.
I can tell you all about Mojo Jojo, you know?
Yeah.
Yeah, that's probably over the last two months or so.
That's probably the fourth or fifth time I've heard you reference SpongeBob.
Looking back.
The memory.
Looking back.
Yeah, looking back at like, like if I watch a SpongeBob episode today, it is the most fucked
up show for kids to watch.
Oh, yeah.
But I wouldn't recommend it for my children.
Oh, yeah.
I'll tell you that.
Amen.
It's all weird.
And like not for nothing, for Dao Kwon, like, you know, he was locked up in Montenegro.
Montenegro is corrupt as fuck, dude.
And that's like, I don't know, unless the United States was controlling that whole situation,
which would mean like, it's like as if a president got arrested in that country and the military
is handling that guy.
God knows why he got released.
Do I think he snitched on CZ?
Man, it don't really work that way.
He'd have to snitch on CZ.
Someone like him, and this is my opinion, he'd not only have to snitch on CZ, snitch
on CZ, agree to house arrest, get his passport taken away, have supervised release, and agree
to testify against CZ.
Like, all those put together, and then maybe he's getting released on a hefty, hefty bail.
So, like, and by hefty bail, I'm talking about, like, 10% of $5 million, $10 million, like
some crazy shit.
436,000 euros.
436,000 euros, like, yeah, no 10% option, obviously, out there.
So, yeah, I would say that's 10% of $5 million.
So, maybe, damn, that's crazy.
I don't know.
I don't know.
Something is up with that.
Something is definitely up with that.
You can't just arrest people, like, when it comes to crypto, you can't just arrest people
based off what people are writing in threads on Twitter.
Otherwise, every thread that ZachXBT wrote and all the FUD that happened on the timeline
after ZachXBT's thread would have led to the arrest of half this freaking space.
Well, a decent percent of this space, not half, but you guys get what I'm trying to say.
So, it's not that easy.
It's not that easy at all, especially when it comes to crypto.
This is not the bank or stock market.
It's a different ballgame here, so.
What's up, Zali?
Is everybody having connection issues today?
I don't know what's going on, Buck.
Hold on, no, no, it's my mic.
I had the other thing muted.
My bad.
I was saying, though, with Binance's exit from the United States, do you think it'll bolster
the other ones, like Coinbase and Crypto.com in the United States?
It's like people in the United States will stop using Binance and start using them more?
I don't think people in the United States really favor Binance.
Like, Binance U.S. is not the friendliest platform.
I think Coinbase and Crypto.com are easier than Binance U.S.
I don't think people favored it and really used much of it to begin with.
Binance is number one, I think, because of Binance, not Binance U.S.
But I could be wrong.
I could be wrong.
They could favor it.
I don't know.
I don't have, like, the numbers in front of me.
I'm just basing it off of what I've seen in the past.
With their exit from the U.S., that could really hurt crypto.
Like, it could really fuck us up.
It's not something I'm looking forward to.
You know, it just seems like a timely event with Chinese investors maybe being on board
of here and Binance leaving the United States is just interesting.
I agree.
I expect some very, very positive news to come out of China and Russia now in the next, like,
week or two.
Might even be sooner.
Anytime something bad happens in America, when it's crypto-related, China and Russia chime in
very fast.
And it's usually something positive, which is weird.
Again, it's like a giant, like, competition and chess board that they're all playing on.
It sucks that we're like the pawns.
Yeah, it's all basically a test.
I mean, they've been testing it for years.
Agreed.
Isn't Fed now supposed to launch in, like, July?
I think so.
I think so.
What's up, Ox?
Even a hard cap on buying.
I heard it's going to be in place.
It's $1,000.
I think it's already in place in the European Union.
Oh, they tested it.
Yo, they tested it out in a bunch of places.
Like, that shit is messed up, dude.
That shit is messed up.
Even, like, Coinbase, Crypto.com.
Like, right now, I could go buy on a centralized exchange.
I could buy a decent amount of cryptocurrency.
I think I could buy 20 or 30, 40 grand on Crypto.com with a credit card.
Like, those days are all going to end.
They're going to put crazy limits on us.
It's going to suck.
So, if you're trying to get your crypto up, get that shit up before any of this stuff happens.
Because when those limits come, it's going to be very difficult for you to make that generational wealth that you've been trying to acquire in this space.
If a decent dip happens and you have a limit where you can't add more than, like, $1,500 or $3,000, like, you ain't making generational wealth off that money.
You have way, way higher of a probability of losing all that money before making generational wealth.
So, good luck.
Yeah, and there we go again.
Stuck back in the same thing where we can't move our money on our own.
Correct.
We've got to wait and we're chopped off and red taped.
Hey, also, I know people always tell you to keep your funds off of centralized exchanges.
Now, if you're holding your money on MetaMask, Coinbase wallet, that's also not good.
I don't know if you guys heard about Atomic Wallet, but Atomic Wallet is a hot wallet that also was hacked.
So, hot wallet ain't too safe either.
I don't know the exact figure.
I want to say it's somewhere around $20 million, but I could be very far off.
$20 million worth of assets were, like, hacked on Atomic Wallet.
So, don't play that game.
When it comes to hot wallets, I wouldn't recommend storing your funds on anything but a Ledger, a Trezor, and not even the ones with Bluetooth, dude.
Like, stick to the old school Ledger Nano S rather than the Ledger Nano X if you want full security.
And that seed phrase, store that in a very safe place.
Don't screenshot it.
Don't write it on a piece of paper and put it in your kitchen cabinet.
Put it in a very, very safe, in multiple safe places so you don't find yourself in a situation where you're losing all your money.
Yeah, just to circle back what he was saying, like, I don't think necessarily Binance is leaving the U.S.
They haven't said that yet.
There's multiple different other tokens that were mentioned in the lawsuit.
ADA Charles is on live right now talking about how he plans to fight back the lawsuit as well.
So, I would see Binance's team and multiple other teams, Matic, ADA, all of them possibly working together on this case.
I don't think Binance would necessarily leave the U.S. unless they lose or something.
But they haven't said anything like that.
And actually, the Binance inflow of accounts is growing.
Like, as we speak, there's more inflows than outflows coming out of Binance, which is very interesting as well.
It's definitely a fight.
And we definitely have people with, you know, big bags to fight.
But, dude, I just...
We see it with, like, the XRP case.
Everyone's saying, oh, they're doing so well.
So, what if you had, like, XRP, Matic, ADA, BFB, all of them together fighting, you know?
I think it would, you know, more the better, hopefully.
You don't really know what that would be, but...
You know, do you guys, like, we've...
You know, Bernie Madoff was worth, like, $60 billion.
It's still $60 billion.
He didn't have much of a fight.
Like, yeah, I know that's a poor take, a poor example, or a comparison to CZ Binance.
And ADA and stuff like that.
But, dude, America's, like, the worst person you want to fight in anything, man.
They suck, dude.
Like, there's clear corruption.
And when the U.S. dollar...
Dude, when the U.S. dollar is threatened in any way, man, it sucks to fight the United States.
But look at what happened to Gaddafi.
Gaddafi said a few things at that meeting, and they...
He disintegrated.
Like, yo, he disappeared overnight.
He disappeared overnight.
You know, something that would have got...
Made...
Like, if you posted it online, it would have been graphic content, and you couldn't even watch it.
Like, they let you watch that shit to show you what happens to someone that messes with the U.S. dollar.
There's a lot of corruption that comes into place.
Saddam Hussein.
Bro, that guy disappeared overnight.
They found his ass in a hole in the ground in the middle of a desert.
Again, someone else that threatened the U.S. dollar.
And now you have, you know, people at the forefront with the United States looking at crypto directly as a threat to the U.S. dollar.
And I think worse than anything else.
Crypto is worse than anything we've seen in the past.
So, I don't know how much of a fight this is going to be, man.
I want to have faith and be as positive as can be, but just based off of what we've seen happen in the past, I really hope it goes our way, guys.
I don't think that the crypto, let's say, like, the people involved in crypto, I wish there was way more of us, but I don't think there's that many of us to even help with the fight.
There needs to be a lot more.
There's more people that don't believe in crypto than people that believe in crypto, and far more people that don't believe in it.
So, keep that in mind.
I agree, but, like, yeah, let's keep it going.
What's up, Mr. Hoddle?
Two things real quick I just wanted to touch on.
Atomic Wallet was $35 million.
It was the last reported number, which really kind of pissed me off because the guy who runs it was like, well, it was only 1% of holders that were affected.
You know, and he kind of just brushed it off.
And then I wanted to touch on one more thing that you said about, you know, writing down your seed phrase and stuff like that.
When I first got onboarded, I was told to put it onto a sheet of copper real quick.
You know, use, like, a dull pencil, put it on a sheet of copper.
That shit will never go anywhere.
It won't burn up.
The piece of paper won't disintegrate.
You throw that shit right in the safe, call it a day.
You'll always have your seed phrase.
So, yeah, just a thought.
The best thing you could do is in one year plan out, like, how many words are in a seed phrase?
Is it 17?
12 to 24, depending on what you're using.
All right, 12 to 24.
So, let's say you have 12 words in your seed phrase.
In one year, go on 12 vacations to 12 different rainforests and figure out what, walk into all the rainforests and woods and mountains that you're in and figure out what the exact coordinates are.
And then, etch it onto a tree, etch a word onto a tree, and etch the same word into a rock, and then etch it onto a piece of copper and bury it six feet underground.
But make sure you have all the coordinates, and then do one different country for each word.
And then, hold a seed phrase at your home, in a safe place, or in multiple places, of the coordinates.
So, you could go back to exactly where the seed phrase was when you're going to want to find your $200 or $2,500 that you wanted to store in a good spot.
Because it's always the people with, like, $200 to $2,500 doing the most.
You don't need to do none of that stuff.
It's not fucking rocket science.
Mr. Hoddle, if you were being serious about the piece of copper, I am very disappointed in you, sir, for even saying that dumb shit on the stage.
Can we not memorize our seed phrases? It's only 12 words.
With my luck, if I memorized the seed phrase, tomorrow morning I'd wake up with Alzheimer's or some shit, bro, and never remember what the seed phrase was.
I think memorizing might be the worst thing.
I mean, I memorized, like, 500 phone numbers from the 1990s, but the seed phrase, I don't know.
The risk assessment in this space.
What up, Adrian?
Yeah, I'm back, you guys.
I just had to do something real quick.
Quite busy.
Dude, my tweets have been blowing up this morning.
It's good stuff.
You know, the, you know, Apple brought up the new like animation.
And so, like, put that out there.
And now basically it's just going up and down, up and down.
Just the view number go up.
It's really funny.
Like, I can't even see all my notifications.
I'm so glad that Twitter, you know, takes all likes and, you know, puts them in a field.
And, yeah, I was actually in the space today while Elon was talking with, you know, JFK.
So it was really cool.
Yeah, you were hosting it.
I was not.
I was really not, though.
Dude, I'm not Elon.
Okay?
And I don't know everyone keeps telling me that.
Probably it's the voice.
Like, you want me to explain to...
Okay, I'll have to probably explain this if all of you are patient.
I can explain to you exactly why the voice is as it is.
Otherwise, people are going to be accusing me of LARPing or being an AI, which is just straight up dumb.
I'll just tell you that.
It's very simple.
I'm German.
And the slight, subtle German accent does somewhat pass for South African.
Then I also do something remarkably odd, which is I mix English and American...
Sorry, British and American English accents together because I learned English through those two mediums.
For my basics, I learned it because of, you know, British documentaries about nature, you know, narrated by David Attenborough.
And the rest of it was basically American interaction with Americans through video games and, you know, debating and such.
So I learned the rest through that.
So I basically mixed the two because I periodically switched between two accents.
So I said, fuck this, jumble it all up together and see what happens.
And now you have much more of a manageable mind.
Otherwise, I'd be just all over the place.
And that sounds even more like Elon because I have a similar condition, which means you have similar speech impediments.
Those speech impediments basically are a result of being confronted with a new scenario.
If there's a scenario that I'm very familiar with, then I'm able to just basically speak everything properly and formulate it without any impediments being present.
Like if there's something new, you hear this, you know, me jumbling across all over the place, really.
That just happens.
But when I've done something repetitively for quite a long amount of time or quite a numerous amount of times, then you will hear less and less of those speech impediments going forward.
So my best explanations are usually the ones I give very often.
As you could probably tell, I have told the story very many times.
Because hardly any speech impediments are there.
And so that's just that.
When it comes to interests, yeah, we probably do have similar interests.
Yes, I'm also fascinated by going off world because if we don't, you know, expand as a civilization, we're all going to die.
Quite simple.
It's boring.
It's annoying.
And don't want to be there.
Don't have all eggs in one basket.
So just go out there.
Similar interests, right?
Do I know some things that seem very crazy?
Yes.
Yes.
Do I remember all those things?
Yes.
Why?
I don't really know.
But it's just there.
And usually people say, how do you know all this shit?
How do you know stuff that, you know, exists as it does and then it comes out later, said by someone else, and then everybody knows it.
And I was like, how did you know before?
It's like, because I do my research, motherfucker.
I do a lot of research.
This is why, like, for instance, what I'm doing right here is a different type of research.
I'm trying to gauge, you know, the environment by being in these spaces for hundreds of hours.
I've got to do this daily.
You will see me in some space somewhere.
And crypto is so fascinating to me that I'm basically in here almost 24 hours.
It's insane.
Like, on average, I'm in here.
I'm having a lot of engagement farming.
That's what I think.
No, no, no.
I don't do farming, if anything.
I don't personally give a shit.
Like, dude, if I wanted to engagement farm, we had fucking quotes and shit.
It's like really farming it up.
Yo, if he wanted to engage in a farm, he would have larved as if he was your mom.
You got corn.
Exactly.
You got soybeans.
Maybe some carrots.
It's harvest season, baby.
It's summertime.
It's harvest season.
I'm here with you.
I mean, I understand.
I understand for sure.
But I'm really not doing any engagement farming.
Like, I don't really care.
Adrian, I appreciate.
And I'm totally just joking.
Well, of course, of course.
I mean, if a number go up, I go up.
That's all I do.
That's it.
There's absolutely no denying it.
I will never deny that.
But I'm not intentionally engagement farming.
Like, I wouldn't be in any space if I didn't like the content.
Because for me, it's just about the learning experience.
And because, you know, I will, since I am in these spaces, you know, quite a lot, there will be times where people ask me questions.
So if I'm just there for the purposes of engagement farming, I'll just be continuously drawing blanks, which is quite frustrating, which is also very annoying.
Like, you're going to have to add value.
This is also like what Alex says.
You've just got to add fucking value, and then people will follow you.
Like, just this last night, he was in a space where they were just ranting off of how annoying it is that people complain about dropping a wallet address for an iPhone.
I mean, what's wrong with that?
You just basically said, here, I want this.
Here's wallet address.
Pay me or don't.
What's wrong with that?
Like, you added value to the community.
Community gives you value back.
So that's just how it works.
And so engagement farming is useless.
You've got to have content.
That's the best way of gaining engagement.
Because there are differences, you know?
Do you gain engagement because you're truly interesting?
Or do you engage because of implied interest?
Like, do people think you are interesting, not know that you are?
So it's like, I want that engagement because it's about quality, not just about quantity.
If I did that, I'd be fucking Kim Kardashian, releasing a sex tape and destroying my reputation,
and making up one that I can write for years to come.
Sure, very effective.
But then you have a child one day.
That child goes to school, and some of the bully kids are going to find that video.
So it'd be like, hey, guess what?
I see how your mom got dicked down.
Nah, that kid's going to homeschool.
That kid's not going to school.
Exactly.
See?
Do you understand the problem?
So that's what I'm doing here.
I'm just trying to, you know, add quality, not just quantity.
Quantity to me is useless.
I like quality.
That's why it's like, when you try to explain things in a nutshell, you do so in a way that allows other people to understand what you're on about.
Because I personally feel like a lot of things are overcomplicated to just basically create massive amounts of text that you can put into a thread and then get engagement off of that.
It's like, most concepts on this planet can be explained in less than 30 seconds.
That's my personal belief.
And you use metaphors for this, but you cannot use a metaphor for anything if you don't truly understand what it is that you are trying to explain.
Because that's true understanding.
Any fool can know, but hardly anyone can understand.
And if you truly understand, you can make everyone else know and understand just as you do.
And that is beautiful, because if you are then pitching a concept to a person using metaphors and they get what you're trying to do, they will either be into it or they won't be into it.
But at least they know what they're getting themselves into.
It's like explaining crypto.
You can't just go up ahead and start with all this technical shit.
No one will give a damn.
But, yeah, that's how I see it.
What's up, Matt?
Oh, Block, you had something to say?
I was just going to ask Adrian if he was a master debater.
That was stupid.
If I was a what?
A master debater.
A master debater?
I guess maybe at some point I kind of could deviate into that direction, but honestly, I don't see myself as a master in anything.
You just know a lot or you don't.
And you either...
You'll get a handle.
You'll get a handle on it.
You'll get a handle on it.
All right.
There is no way that that was an Elon alt account, right?
First of all.
It's not.
Okay.
Yo, do they allow more speakers now?
Is there a whole other row of speakers?
Or am I crazy?
No, it's broken.
I'm probably ragged.
It's broken.
What up, Matt?
Well, it's been a while.
Yeah, I just dropped in just to say, hey.
And to be honest, for a little bit of just like a summary of what's going on, if you can kind of...
All right.
Look at me as someone that hasn't really been keeping up, been a little bit confused, hasn't had the time to follow all the spaces that have been going on.
And I'm sure there's people in your space right now that are the same way.
They just enjoy the conversation.
So look at me as someone that just wants a very short snippet of what has been happening the past three, let's say past one month with you.
What is the network?
What is all this?
I'm very confused.
Why is profits in another space?
What are you guys doing?
Do you all hate each other now?
No, I mean, I'm just...
I'm no longer with profits.
That has nothing to do with the network or anything network related.
People grow apart.
People's plans change.
It is what it is.
That's fair.
All right.
That's fair.
I'm not going to sit here and say anything else.
All right.
Let's move past that.
All right.
What is the network?
Explain the network to me.
We're all the network.
Okay.
I'm coming at this.
I literally have zero understanding.
I haven't had time for it.
We are.
We are all the network.
If you don't know what the network is, and I don't know if you've been on Twitter for
the last year, to be honest, we're all the network.
Okay.
So what is the goal of it?
The goal of the network?
Yeah.
What is the goal?
What are you trying to achieve?
Total combination.
Yeah.
The network will achieve what the network wants to achieve shortly.
Okay.
Well, that doesn't tell me much.
Matt, ask not what you can do, what the network can do for you, but what you can do for the
network.
God damn.
I feel like I made Clubhouse like two years ago.
Dude, the network is just like a huge community that like questions everything.
That's kind of how it works.
The network itself is just a tokenization of that community at its most simplistic.
So I'm kind of, I'm really bullish on it.
Personally, I don't, by the way, I don't hold a stake in it because then that would mean
that I'd have a conflict of interest.
My own personal assessment is it's very strong.
Like the community is just absolutely insane.
Why would it be a conflict of interest?
Because then I would say something that would pump my bags and you could never discern if
it is, if I'm saying something because it's true, if I'm just saying something to strengthen
my financial position.
So what is the end goal of the network then?
Let's maybe call it, what's the goal?
What's the end goal?
Where do you see this going?
Like, is this to push Web3 further?
Is it for short-term gains or long-term gains?
Like, what's the goal?
There is no end goal.
Yeah, like, this is just going to continue on further and further.
And the idea is to try and add as much utility to it as possible.
Because to take a personality like Alex and Books and, of course, Bach, right?
These guys, a lot of people want to talk to them.
So if they go into a Discord server and they do a Discord call and you want to join in,
you'd probably have to pay a network token.
So here's where you have utility.
People have to basically buy the token.
That's not true.
That's not true, though.
Because there's so many...
Yeah, of course.
But that's an example.
But that's an example.
Alex himself said that.
Alex himself said that.
That's an example.
But there are so many...
It's not what's going to happen, but it's an example you can...
Yeah.
Okay.
Add utility.
There's so many people on Web3 that have...
Like, they've come across as trying to do that.
And it hasn't turned out...
So all I'm asking...
And you see that all the time.
You see people that rug spaces.
You see a rug token.
You see that speed...
So all I'm asking...
I've followed books for quite a while.
And I've followed...
I just haven't...
I haven't chimed in a bit.
I'm just...
I'm honestly curious.
Like, I haven't...
I'm losing...
I'm losing...
Like, especially on my end.
The people I talk to...
And the investors I talk to...
It's like...
They're becoming more and more...
Like, bearish.
So what I'm saying is...
All right.
Is this something...
They're becoming more and more bearish on the network?
Bearish on Web3.
Sorry.
Not on you guys.
On just Web3.
So is this something that's going to push Web3?
You know, to...
Like, is this something I should...
Show more interest in?
What projects have you seen...
Yeah.
What projects have you seen push Web3 forward?
What projects?
I mean, other than, like, Bored Apes and OtherSide and...
You know, just...
Yeah.
I don't think that...
I don't think they've pushed Web3 forward.
I think Bored Apes, CryptoPunks, like...
They, you know, maybe were the foundation of Web3.
Like, they kind of started Web3.
But as far as pushing Web3 forward...
Earlier, I think your Web3 Exposed helped a ton, for sure.
Yeah.
I mean, that has nothing to do with the title or name.
I could put the title...
I could write on the title, hold Web3 back.
And we could push Web3 forward by, you know, delivering the same messages.
I don't think that the spaces have anything to do with that.
But as far as the project, bro...
Here, I'm going to leave you with this, man.
Listen, there might be a storyline.
There might be more details that come out.
But right now, there's no details for us to share.
Whether we're going to push Web3 forward, hold Web3 back.
Whether we're going to rug Web3 or the network's going to rug Web3.
Yo, I don't know.
I don't know.
I don't have a crystal ball.
Say, you know, 20 of us in this space pumped $20 million into a coin to pump the price of it.
And there were bots that got in and snagged up $50 million and dumped on all our heads.
You know, it rugged.
We've seen things like that happen.
Not at that scale or maybe even at that scale.
But we've seen things like that happen all the time.
So financially, if you're looking for that to push Web3 forward and it be about money and finances,
maybe not.
But bringing people together from all different blockchains, bringing people together from all different projects,
not having people married to one founder, one project, and one Twitter space or one influencer,
a group of influencers in a cabal.
Yeah, maybe push Web3 forward that way.
This division problem and things like that are definitely something that we'd like to fix.
But I don't think a token is fully necessary for that.
However, I do think a token or an ecosystem in the future are super necessary to get people's attention,
especially when bags are involved.
And that's my opinion.
Alex has a different opinion.
Bark has a different opinion.
Adrian has a different opinion.
Everyone on this stage has a different opinion.
Yeah, for sure.
Well, I would agree with you in part.
But I would have to say that probably things such as NFTs, ordinals, BRC20s, just tokens in general,
they actually do push Web3 forward.
But it's a cause and effect situation.
I don't think it's the token or particular element or the technology itself that pushes Web3 forward.
It's the implementation.
It's the community that pushes Web3 forward.
So if you have a really shit community, no one wants to get into crypto because it's terrible.
Why the fuck would you want to get involved with this?
But if you have a really good community, then you get an onboarded.
By the way, this is the only reason why I'm here, by the way.
I haven't had no idea about any of this a few weeks back.
But then I was onboarded by Kiss.
I got introduced to Alex.
I started learning from there.
Then people onboarded me into ordinals.
And the only reason why I was interested is because of the people, who they were, and then they introduced me to the concepts, the technology.
Very difficult, by the way, which is exactly why I'm going to host multiple spaces on this going forward.
Because I do think people deserve to know in a way that removes all the shilling.
Let's just take the selling thing, throw it out the window, onboard the person, explain to them the concept.
And then they will invest on their own.
If your product, what you have, what you want to give out there, is truly good enough, they don't have to worry about advertising.
People will just come to you.
Just like the example with the iPhone.
He put the address up there, everybody put the shit in there because they like the person.
He wasn't offering shit.
The person.
This is where the value is.
Community is everything.
Your network is your net worth.
And basically, the network is only worth something because its own community network is so damn strong and so damn good.
It's the only reason why it's worth anything.
You know?
Yeah.
The same thing also for frogs.
You know?
I will 100% agree with you.
I think the reason that I came into Web3 in the first place was like eSport.
Because I come from eSports.
That's my background.
And we're in a difficult spot right now as an industry.
We are on a downward trend.
And a lot of it is because, you know, compared to traditional sports, the game publishers control everything, right?
So, like, if you're trying to build an eSports brand, you still have a large amount of reliance on the game publishers versus, you know, traditional sports in a lot of ways.
And so, that's why I think Web3 has this kind of democratization of, yeah, community and a lot of what you're saying in some ways.
And that's why I've kind of – I've been very interested in what folks said to say.
And Alex, to some extent, I think he can be a lunatic at times, but I think he also is very, very smart and knows what he's talking about.
So, but I think that is what – I think – and it drives me crazy that eSports has been – the eSports industry has had such a negative connotation towards Web3 or just whatever, however you want to call it.
It doesn't matter how you could be – you're basically yelling into a funnel.
Like, no one really cares when you try to convince them about it.
But I think it's becoming clearer now with eSports on kind of – we're struggling.
The space, the industry is struggling.
We had all this money coming in years ago, and now there's no – there's barely any interest.
And I think the Web3 space is like – it's kind of at this tipping point of, okay, does it go in the way that eSports has kind of gone in?
Where – or does it – does it find a way to kind of like, you know, fixate itself in the middle of providing a bunch of solutions?
And I think – yeah, like you said, I think a lot of it starts with community.
But I think community can only get you so far.
And so that's where I –
Matt, Matt, Matt, Matt, you're rambling right now.
Enough rambling.
eSports, shmeesports.
Tell me, Matt, tell me what you would like to see the network do.
One thing is – and it's definitely on our list – we want to know what Matt wants.
So tell us what Matt would like to see the network do with all this.
Go ahead, Matt.
I would like for you to find ways to support other individuals.
I'll tell you.
Go ahead, Matt.
