0:00

Seven guilty verdicts for Sam

0:02

Bankman-Fried. Bitcoin,

0:04

ETFs in the future, and a happy

0:07

recovery in crypto prices are

0:09

all providing the blockchain world with

0:12

much to discuss. After a couple

0:14

weeks off, we're back to do the thing we do where

0:16

we look at top stories and say whatever

0:18

our brains tell us to say and it'll

0:21

be super interesting because, by

0:23

the way, Travis is transitioning. More

0:27

about that in this show. There's no filter,

0:29

just badness and banter about what's been

0:31

going on in the crypto world and in

0:33

our world on this Bad News, episode number 701 of the

0:35

Bad Crypto Podcast.

0:56

Hey, welcome back to the Bad Crypto

0:58

Podcast, the show for the crypto curious

1:01

and the crypto serious. Joel Kahn here, Travis

1:04

Wright there, still your Sir Lords and

1:08

with you from Puerto Rico, the beautiful island

1:10

in the Caribbean. How

1:12

you doing? I'm doing great. I'm doing great.

1:15

I'm doing great. I'm doing great. I'm

1:17

doing great. I'm doing great. I'm

1:19

doing great. I'm doing great. I'm doing

1:21

great. I'm doing great. I'm

1:23

doing great. How are you doing in the Caribbean? How

1:25

are you doing?

1:26

Doing great, dude. Nice to see you again,

1:28

good sir. You as well. We've

1:30

had a couple weeks off and people

1:32

are like, are you guys done doing the show?

1:35

And we hit 700 and we're like, done.

1:38

No, actually we hit this 700th episode and

1:40

then we were waiting for SBF to get seven

1:42

indictments and then so he did,

1:44

and then we're like, OK, we can do the show

1:47

again,

1:48

now that he is going to prison for

1:50

a long time. Seven, the number of perfection. We'll

1:52

tell you more about what's been going on in

1:55

our world, but first let's get

1:57

to the news and tell you what's going

1:59

on in the Caribbean.

1:59

Seven dollars

2:23

Bitcoin thirty four thousand seven seventy

2:26

Ethereum eighteen hundred thirty eight

2:28

dollars BNB two thirty

2:30

seven XRP sixty one cents

2:32

Solana forty one dollars damn

2:34

why did I sell mine Cardano

2:36

thirty two cents and dogecoin almost

2:39

at seven cents the

2:41

crypto markets have taken a bounce

2:44

back Sir Lord Travis

2:46

you know what and one of the things

2:48

that I am transitioning is I'm selling my home

2:50

and moving back to the States and

2:52

this home is the selling process

2:55

has taken forever do but I wanted to start selling

2:57

it Bitcoin was like at 16 eight and I

3:00

decided to sell it in January

3:02

I was like dude I thought this house was gonna sell quickly

3:05

and I was like I want to get some of that sixteen seventeen

3:07

thousand dollar Bitcoin much sell this son of

3:09

a bitch and then process

3:12

and this and that in Puerto Rico and now

3:14

Bitcoin is freaking thirty almost thirty

3:16

five thousand dollars dude like I

3:18

missed out on doubling of my money

3:21

right there was sorry about

3:23

that there are so I just want

3:25

you all know I want crypto to go I want Bitcoin to go

3:27

down like about ten grand

3:30

I want I like to see 25k again so

3:33

I can snag more of that we interrupt

3:35

this show this broadcast to slap Travis

3:37

Rice in the head

3:40

yeah cuz I mean yes I want you to

3:42

have cheap Bitcoin but you know if I'm

3:44

gonna

3:45

this is just the beginning of a bull

3:47

run that means that there are lots

3:49

of opportunities remember our previous high

3:51

was sixty nine thousand and

3:54

most people are expecting us to

3:56

blow by into six figures this

3:59

time around And so we can

4:01

analyze, you know what's happening in that

4:03

world and all of what's driving it I

4:06

thought maybe we take a look and just see who

4:08

are the big winners right now We mix don't

4:10

know what it is, but it's up 66% this

4:13

week paying. That's what that's what a DJ

4:15

does whenever they have a list They do

4:17

a we mix.

4:18

Yeah a we Yeah,

4:22

some other one has been popping to man, it's been kind of

4:25

cool pancake swap remember them for

4:27

back in the day I think as crypto goes

4:29

then all these channels are gonna start kicking

4:32

back up again All it's like we're gonna

4:34

see this like this is here We are right

4:36

at that beginning part of it Joel where it's like

4:39

it goes from oh It goes into Bitcoin

4:41

and Bitcoin will drop off a little bit That'll go

4:43

into altcoins and then altcoins will

4:45

and then more back into Bitcoin I so

4:48

it seems to me probably We are

4:50

well, we know we are about a little

4:52

less than six months away from the

4:54

having so we're starting to see some some

4:56

altcoin Moving right here, which is pretty exciting.

4:59

Well, it's so, you know, I guess

5:01

I could

5:02

give my amateur analysis right

5:04

now it just feels too

5:06

soon to me and I think it's being

5:09

driven by The grayscale

5:11

ETF which we'll talk about here in

5:13

just a moment The the big news

5:16

this week is Sam Bankman Freed's

5:18

trial he has been found guilty

5:21

on all seven counts of

5:23

fraud and conspiracy in the trial

5:26

and Sentencing

5:28

isn't going to take place until the

5:30

end of March next year But

5:33

he could spend a long time in prison

5:36

up to 115 years in prison Which

5:40

isn't as much as Ross Ulbricht who

5:42

has two life sentences. Oh

5:45

My god, blame that to me. That's a

5:47

crazy That's

5:49

a crazy parallel Joel. I hadn't even thought

5:51

of that until now But I mean when

5:54

looking at this and seeing how this

5:56

whole thing, you know transcribed and

5:59

it was like

5:59

I think if you

6:01

know CZ at Binance hadn't

6:04

pulled the move that he pulled on

6:06

FTX and was like and got rid

6:09

of a big percentage of his holdings

6:12

of FTX, FTX probably

6:14

wouldn't have collapsed like it has, right?

6:17

They invested way too much money

6:19

in mostly Democratic

6:23

candidates. They did some Rhino candidates

6:26

but millions and millions of

6:28

dollars poured into it. That's why quite frankly

6:30

I was so surprised to see that he got

6:32

hit on all of them. I thought

6:36

they were going to give him some sort of custom

6:39

slap on the wrist. I'm really surprised

6:41

that they threw the whole book at him like this Joel.

6:44

Well it was unanimous. The jury

6:46

of 12 New York jurors found

6:49

him guilty in all seven charges. Interestingly

6:51

enough in this CoinDesk article it

6:54

says the verdict was released on the

6:56

first anniversary of CoinDesk's

6:59

original article that

7:01

started the downfall of SBS. So

7:03

happy anniversary CoinDesk

7:05

and SBS. It's going to

7:07

take some time here before we

7:10

know what's going to happen

7:12

to him but

7:15

he's not alone in

7:17

all this. There's a lot of criminals

7:20

there at FTX that knew

7:22

what's going on. I'm not sure who else is being

7:25

tried or convicted

7:27

but I know Caroline Ellison

7:30

was one. She pleaded guilty to charges.

7:33

Do we know what she got

7:35

yet? They got guilty but the

7:38

charges or the sentencing that's

7:40

all being delayed for all those folks right? I believe

7:43

that that is true. She

7:45

turned

7:46

on him like a scorned lover

7:48

and oh my god when she got out of that vehicle

7:51

it looked like they were going to a witch coven.

7:53

Like that is one ugly woman and then

7:56

she going in there all mad and scorny

7:58

like I'm gonna get you you ask

8:02

me if you dirty bastards like I

8:04

mean it was crazy to kind of watch

8:06

this thing go down and now that

8:08

the the smoke has settled maybe

8:11

you know that's this is what we need

8:13

we need this settled we need

8:15

some of these other things settled right

8:18

so that way the market can just kind of take

8:20

off but it seems like some of these you know

8:22

crypto exchanges like there

8:24

was some weird stuff that's happening with Kucoin

8:26

and so it's like man what are they

8:29

just trying to one by one knock off these crypto

8:31

exchanges that to me is concerning and we'll

8:33

talk about that in another episode

8:36

so an ancillary piece

8:38

on this is claim pricing on FTX

8:41

has gone up since he was

8:43

found guilty how exactly does

8:45

that work right because you've got these

8:47

creditors that all want their

8:50

piece to recoup their piece of the investment

8:53

and is that like an investment in love

8:55

itself

8:57

well it's almost like I had X amount of Bitcoin

8:59

on there right I had X amount whatever I need

9:01

to claim my stuff

9:03

but then also I look at this and I say

9:06

well you know FTX invested

9:09

Joel they invested in all these startups

9:12

right and and one of the big

9:14

startups is anthropic it's worth

9:16

over 500 billion dollars now some stupid

9:18

not 500 billion but some stupid

9:21

amount of money that they poured a 500

9:23

million over a billion I don't know but

9:25

it is it's own they own claw.ai

9:29

Google put a bunch of money in so I think maybe

9:31

what the money that they put in is worth

9:34

half a billion or something I'm not sure but I know

9:36

they put in a lot of money on a lot of different

9:38

projects and so that's what I think is going

9:40

to be interesting all of these people who have

9:43

claims against FTX and FTX

9:45

owns all these assets and stocks and

9:47

all these other companies how are those going to be divided

9:50

I think that's what's going to be determined later on

9:52

I don't think they haven't figured out yet but there's

9:54

so many startups they invested in so many

9:56

you know shitcoin projects that some

9:59

of them are going to hit

10:00

Probably well

10:02

remains to be seen here's what really

10:04

triggered the last Bitcoin run while

10:06

we were away You

10:08

know it happened and it's grayscales

10:10

of Bitcoin trust ETF

10:13

the anticipation of this has

10:16

Caused the market to go. Oh, this

10:19

is closer and closer to actually going

10:21

mainstream Which we all knew was coming

10:24

and there's been no sign of slowing

10:26

and just because the SEC has been slow to

10:28

approve These ETFs doesn't

10:31

mean they're not coming. We know they're coming and

10:33

so the GBTC

10:36

is the security that is grayscales

10:39

of Bitcoin trust it tripled in price

10:41

this year so far from eight dollars and twenty cents

10:43

to nearly $27 so

10:46

people are investing in the fact that they

10:48

know that this is coming bringing

10:50

the price of Bitcoin in its wake

10:52

and there's more applications that are on the

10:55

way, you know BlackRock of course is going to be

10:57

involved and I'm sure that there

10:59

are others that are in the queue if the SEC

11:01

will just approve

11:02

these when that happens, dude

11:04

when that happens the FOMO

11:07

will be Real this

11:10

is just beginning and

11:12

by the way Trav Bitcoin just had

11:14

its 15th anniversary and

11:17

so it's taken 15 years to get

11:19

to this point, but we are

11:22

on the cusp of Mainstream

11:24

the very beginning of mainstream adoption

11:26

Yeah, so say you invested in G BTC

11:31

early on right at eight dollars and twenty

11:33

cents and then it tripled dude

11:36

like that So you can essentially

11:38

invest in this Bitcoin trust

11:40

for a small amount right now you can do it I don't

11:43

think it's right around 27 28 bucks Whatever

11:45

it is at this very minute and how crazy

11:47

is that to be able to go in and say? All right

11:49

I want to invest in this and now Bitcoin

11:51

hits a hundred thousand two hundred thousand like

11:54

this might be a way for some people to To

11:57

get in on some of the action because the price

11:59

is so low you invested $8.20 and

12:01

now it's worth $26. Wow,

12:04

you just tripled your money. And so I

12:06

am concerned though about more people, maybe

12:09

the mainstream investors put money and stuff

12:11

like that, where it's not Bitcoin,

12:14

they don't actually own Bitcoin, they

12:16

own a stock derivative type

12:18

of a thing off a security

12:20

derivative of it, right? So it's

12:23

just kind of weird. But my God, when you're looking at the profits

12:26

that people are able to get off of that, and

12:28

more and more people start creating these

12:30

types of things where you can invest in that,

12:33

as the price of Bitcoin goes, that thing goes

12:35

up. And it maybe has the more Bitcoin that

12:37

they own. You know, that's what's weird is it's not

12:39

like micro strategy, who owns 100

12:42

and some odd thousand, almost 200,000 Bitcoin now

12:45

at this point, right? Nearly 1% of

12:47

all Bitcoin, they don't have an ETF,

12:50

right? It's almost like, if you've got 1%

12:52

of it, and you're holding a whole huge chunk,

12:55

then maybe you it

12:57

should be leveraged off of some existing

12:59

asset. I don't even know what grayscale Bitcoin

13:02

trust is. What is the assets that's

13:04

backing it? Is it just, hey, we say so.

13:06

Yeah,

13:07

well, I certainly

13:09

don't trust them myself. And I'm wondering,

13:12

you know, as we talk about ETA,

13:16

how much gold and silver has been traded on paper,

13:18

how are they going to pull shenanigans

13:20

here, I think it's going to be way more difficult

13:23

with Bitcoin to do so because

13:25

we know the exact supply, unlike

13:28

gold and silver, right? And

13:30

if somebody wants to say, hey, I

13:32

want my Bitcoin in my own wallet, that

13:36

you have to be able to transfer it your own wallet.

13:38

And so these

13:40

companies that are issuing these ETFs, how did

13:42

they not get caught with their shorts

13:45

down in case of a call? Because

13:47

there's only so much they can only have so much Bitcoin.

13:50

Well, I think that's what the thing is, is that it's a people

13:53

are buying GBTC,

13:55

they're not buying Bitcoin, they're buying GBTC.

13:59

And so basically, that is they're gonna call

14:01

that and they're gonna convert that into fiat money and

14:03

send you the fiat money. You're not gonna be able to call

14:06

it and get your Bitcoin.

14:07

That's not how that works, right? I wonder how

14:09

people are gonna feel about that. Will

14:12

it move with as Bitcoin

14:14

goes up or people gonna be expecting GPT-C

14:17

to move with it?

14:19

I don't know. Well, it has been

14:21

going mostly up. If you look at the...

14:23

if you go in there on that investing.com website,

14:25

you type in GPT-C. It's right

14:27

now it's at $27.05, which is interesting because

14:31

it looks like GPT-C actually

14:34

does only trade during trading hours,

14:37

right? Which is one of those things. So

14:40

it's like it did a little thing, dropped very little,

14:42

went back. It seems

14:44

like it's lifting up, staying

14:46

for a while, lifting up. Imagine

14:49

your client

14:50

and they're selling

14:53

you on Bitcoin and

14:55

then Bitcoin soars and you're like,

14:57

hey, I heard that I can get this in my own wallet.

15:00

Well, you don't actually have Bitcoin.

15:02

I don't think they're even selling

15:05

it as you actually have Bitcoin. You have the

15:07

ETF of it. It's not. You've got the GPT-C

15:10

and then you can just sell that back to dollars. So

15:13

I think that there's lots of profits to be made

15:15

here with that as long as you get out

15:17

at the right time most likely. But

15:19

I mean I would look at this and

15:21

I would say, yeah, you know that there's what?

15:23

I don't I never remember which one it is.

15:25

I know that gold and silver, one of them

15:28

has 250 times more paper and the other one has 500 times more. I don't remember

15:32

which one's which. But

15:35

if they start doing that with Bitcoin, this GPT-C

15:37

and start propping it up, it's

15:39

gonna be weird to watch. But I know there's gonna be a lot of profits

15:42

to be made. It's just a little risky because

15:44

I don't know when I would, when you'd want to pull out.

15:47

It's always good to pull out.

15:49

That's a good general rule. Right before you nut.

15:51

Yeah, right before it nuts.

15:54

So you know as one would expect a lot of predictions

15:57

about where Bitcoin is going

15:59

to go.

16:01

this matrix port has said 45,000 year

16:08

and then there are those that are looking at where

16:10

this is going for all time high

16:13

and they're saying after the having $250,000 I mean

16:15

that would be what

16:19

is that a five a four point

16:21

something X over the previous high

16:24

I'm

16:25

seeing anywhere between 200 and 250 thousand

16:28

is what a lot of people are saying

16:33

but we look at previous ones like

16:35

it I mean whenever we had the previous

16:38

high was what 20,000 and

16:40

then the next section is high was like 69,000 I

16:44

was like 3.5 X that so

16:46

I'll that's what I look at is like okay well

16:49

based on that and this 3.5 X

16:51

like before the all-time

16:53

high over here was like what I don't

16:55

even remember what was it was like

16:57

I don't even remember the previous high was

16:59

before 20,000 I think the previous

17:01

I was right around 1500 or something all

17:04

right here you can see here's all of the cycles

17:06

on this having cycles theory that

17:09

shows you all four years and

17:11

you know it's hard to dispute with

17:14

these trends and this is something

17:16

that you know we've not swayed from from

17:19

beginning it's like you have to look at

17:21

the macro trend lines the

17:23

having is something that is baked

17:25

in and every time this

17:27

happens because the amount of Bitcoin

17:29

being you know pulled from every block goes

17:32

down the cost to mine go

17:35

up the value has to

17:37

increase and it invariably does

17:39

now throw in that mix mainstream

17:42

adoption you know travel we've been at

17:44

this for six and a half years

17:46

now talking about this day

17:48

that is coming right we are at the very

17:51

tail of

17:53

early adoption we're about to cross

17:56

over on that technology adoption curve

17:58

to the very beginning of mainstream

18:00

adoption for Bitcoin and

18:03

that is where we're gonna see the

18:05

true multiples, I believe yeah

18:07

Well then and then you start seeing

18:09

you know The Satoshi becoming

18:12

more of a we're gonna be start talking about

18:14

the value of the Satoshi's right because

18:16

there's what 100 million Satoshi's

18:18

in every Bitcoin right so that

18:20

we're gonna start seeing the value of those I think we're

18:23

gonna start seeing a lot more projects

18:25

that sort of like fountain right

18:27

how you can listen to fountain that The

18:30

podcast player and earn Satoshi's

18:32

by listening I think more models

18:34

like that are gonna start popping up and then

18:36

maybe we start

18:37

leaving more shit coins kind of in the dust

18:39

There'll be some shit coins that are okay, but

18:41

I think they'll be mostly you know more

18:44

projects leaning on and

18:46

building on to So

18:48

you can earn Satoshi's from

18:50

doing actions I think that I think that's gonna

18:52

be really interesting part of the way if you guys aren't

18:55

listening to the show on fountain FM

18:57

you can go do that You're not earning any Satoshi's

19:00

listening to us on iTunes or I heart ready

19:02

or Spotify or Google Play You're not earning

19:04

any Satoshi's you can listen to this very same

19:07

show download the fountain FM app Find

19:10

the show there and you're in Satoshi's

19:12

and if you want to you can tip us sat there too But you

19:14

don't have to we're happy to give you this content

19:17

for free and you can earn Satoshi's

19:19

but why not why wouldn't you it's

19:22

not bad. Yeah, it's a great solution I think

19:24

we're gonna start seeing more and more of that as

19:26

this space sort of builds out and I'm

19:28

excited to see this next You know bull

19:31

run to see what people have been building because

19:33

you know There's been people and there's been projects

19:35

that you've not heard a lot from but they've

19:37

been busy working and building and doing

19:40

stuff And that's what's gonna be exciting

19:42

and as we grow into our you

19:44

know, we just passed a 700th episode This is number

19:46

seven hundred and one so seven hundred

19:48

to eight hundred This is

19:51

probably gonna be the bull run right

19:53

and part of the bull run is gonna be in these next 100 episodes

19:56

We're gonna have a lot of fun During

19:58

these next shows this next year

19:59

half or so. A lot of fun is working

20:02

together on this bull run. Yeah

20:04

and what I would say right now Joel is

20:06

that really the bull run typically

20:09

so the halving is going to happen in like April,

20:12

May, right? And then what's

20:14

always happened historically is we see

20:16

the end of that bull run really reach

20:18

its precipice in like November,

20:21

December of that next year, right?

20:23

Well, it's normally about 18, 20, 25. It would not

20:26

be the same year.

20:27

Nope, it would be 2025 because if

20:31

you

20:33

think about it. You're right,

20:35

you're right. 21 is when it was. 2017

20:38

was a little bit weird because the bull run sort

20:40

of started low and it was like, the bull

20:42

run started when Bitcoin was like 500, 600 bucks and then it

20:44

kind of was going and

20:47

then it hit that portway and went

20:49

up and then what did it do? It tanked

20:51

in January 2018, right?

20:54

Well, this last bull run it

20:56

tanked in 2022, December

20:59

of 2022. So it

21:01

would seem to me or 2021 it actually

21:03

crashed, started to hit the

21:05

peak and then it went out. So but

21:08

the halving was in 2020, right? So

21:11

we'll just kind of keep an eye on it. We'll keep you posted on

21:13

what we think. We're not obviously the be

21:15

all end all of any of this. A lot of the stuff

21:18

is guesses just like you, but we pay a lot of attention

21:20

to the stuff and watch it. And I know

21:23

me personally, I'm probably going to be looking to

21:25

get out or at least, you know, solidify

21:27

some of the assets. But then again, this last bull

21:30

run, Joel, I

21:30

thought was going to be so I was like, dude, the

21:32

economy is tanking globally, but it's

21:34

going to roll, dude. And then I was

21:36

like, boom, and he just fell

21:39

off the cliff. And I was like, that is so weird. It

21:41

didn't seem like it was time for it to fall off the cliff. But

21:44

it was a hype. The hype, it was

21:46

very reminiscent of 2017-18. The

21:48

hype was off the charts every

21:51

in when everybody starts saying it's

21:53

going to go higher when everybody starts

21:55

saying that right at the time, there's no

21:57

skeptics left. That is to

22:00

get out and the road on

22:02

crypto and NFTs for me is just

22:05

absolutely paved with so

22:07

many mistakes

22:09

and you'd think after being in this for so many

22:11

years that I would

22:13

have learned but now I know

22:15

what to watch for and

22:18

not getting caught up emotionally in

22:21

these markets is so important. Just

22:24

live your life. First of all, it's

22:27

only money and if you got your health, you're rich

22:30

and if you got friends and family and

22:32

people who love you and you got something

22:35

in your life that drives you and you're passionate, you're

22:37

wealthy. Money

22:39

is not going to fix that if you don't have those

22:41

things that just help you pay your bills. So

22:44

perspective I think is super important but

22:48

learning some lessons along the way

22:50

here is not a bad thing

22:52

to do and I think that hopefully

22:54

we're a little wiser and this next time

22:57

around when the

22:59

mindset is I'm going to hold on a little

23:01

longer before I sell, my strategy

23:04

has always been peel off a little bit. If

23:06

it's going up and you don't want to sell at

23:08

all but you want to take some profits, it never hurts to take

23:10

some money off the table, peel off a little bit. Here's

23:13

the thing, Trav, as the dollar

23:15

continues to lose

23:18

value, then you got to ask, well, what's

23:20

the point of converting it into

23:22

USD unless you need it

23:25

to pay for something if the

23:27

dollar is just going to continue to be

23:29

inflated and be

23:32

worth less and less every year?

23:35

Yeah, and then more and more countries are doing

23:37

the BRICS model where they don't even really need the dollar

23:39

to buy oil. So that's

23:42

been one of my thoughts is I've never really liked

23:44

the dollar. I'm like, once I understood

23:47

fiat currency back in the year of the year 2000,

23:49

that's when

23:52

I understood how paper money worked and I was like, whoa,

23:54

whoa, whoa, whoa, whoa. And then

23:56

I correlated that with the tech crash

23:58

that just happened with the tech. I'm going, wait

24:01

a second, it's paper money thing. So I just

24:03

never trusted it, right? I've never, and I

24:05

think that that inherent lack of trust has been

24:07

a problem. It's some of my financial

24:10

decisions because I like crypto probably way

24:12

more. I'm like, no, I don't want to switch it to

24:14

fiat money. I don't like fiat money. I like

24:17

the field. I like gold though. Gold is nice. I

24:20

have trust issues. I have

24:22

some financial trust issues, but I tell

24:24

you what, it's all been good. Look what it's done

24:26

so far for our lives.

24:29

You know, moved here to Puerto Rico. You

24:31

got a whole great fan, but you got a whole great tribe

24:34

there where you're at. I moved to a little different

24:36

area up a little bit north,

24:38

which I love this house, but my kids need

24:40

me back in Kansas City. So I'm going to head back there.

24:43

We'll talk about that more in a second. Let's

24:45

get through the rest of this news because

24:48

while things are going well for us,

24:50

the founders of

24:51

SafeMoon not having a good day. I

24:54

remember that shit coin SafeMoon. Everybody's

24:56

like SafeMoon going to the moon. Turns out the

24:58

founders have been indicted for fraud,

25:01

diverting investor funds. You

25:04

know, like that never happens. Security

25:07

is fraud. How do you trust any of

25:09

these projects? You know, especially

25:11

when there's so much hype around them. Right.

25:14

Well, that's it. They get that.

25:16

Everybody gets that sort of tribal NFT mentality

25:18

like, oh yeah, this is going to be the hugest one. The

25:21

vegan coin. This is the best. It's going

25:23

right. It's going right. And even

25:25

I looked at SafeMoon. I was like, yeah, no, I'm not. It doesn't

25:27

look safe. The indictment alleges. No,

25:30

and if they call it safe, it's probably not.

25:34

You can trust us. The indictment alleges the

25:36

defendants falsely claimed that locked SafeMoon

25:38

liquidity pools prevented insider rug

25:41

pools and that the pools would not benefit developers.

25:44

But in reality, the DOJ says defendants

25:46

allegedly retain access to divert funds

25:48

for personal gain. Yada, yada,

25:51

yada. That is what

25:53

they're alluding to here. And

25:55

now with that FTX thing, they're going to look at any project.

25:58

They're going to see, did you have ag? to fund

26:00

that was customer funds that

26:03

you shouldn't have, they're gonna try

26:05

to put the hammer down any time

26:07

that they can.

26:09

And the SEC is going after PayPal. PayPal

26:12

has their own stable coin, P-Y-U-S-D,

26:16

which would allow them to adopt cryptos

26:19

for payments and transfers. And so

26:21

they issued their own stable coin. Back

26:23

in August, not even that long ago. Yeah.

26:26

The SEC is saying, whoa, hang

26:28

on here. We're gonna

26:31

ask you some questions about this.

26:33

And PayPal being as big as they are, they'll probably

26:36

be able to overcome this and come to some sort

26:38

of settlement with the SEC. But

26:42

I'll tell you, our Securities and Exchange Commission

26:44

has not been friendly towards crypto

26:47

at all. Not at all. Yeah,

26:49

not since there's new dudes in there. Yeah, Gary Gensler.

26:52

Neat. Not like that guy at all. He could

26:54

eat a whole big bag of them. Pizza

26:57

news travel. I'll bushel. How much is

26:59

that? That's a lot of days. Not

27:02

a crypto story at all, but you

27:04

and I, both huge fans

27:07

of the Beatles' career, both individually

27:09

and corporately, and a new song. A

27:13

new song in 2023. Who

27:16

expected? I think the last

27:18

song they released was in 1995 when they did Free

27:20

as a Bird with audio from

27:24

John. They recorded

27:27

it before. And there's a great

27:29

documentary on YouTube, 12 Minutes,

27:31

that talks about now and then. The song

27:33

is now out. The remaining

27:36

Beatles, both Paul and Ringo,

27:39

recorded with guitars

27:41

from George and vocals from

27:44

John. It's a beautiful song. I

27:47

have to admit, listening to Now and

27:49

Then made me a little misty.

27:53

Yeah, it's really cool. You

27:55

know what I found interesting? I was playing

27:57

around with AI creating a new Beatles album.

28:00

And the Beatles album I came up with was

28:02

like called like Throughout Time or something.

28:05

It was like time. It

28:08

was very similar to Now and Then, which is weird.

28:11

When I saw that I was like, Whoa, wait, what's going

28:13

on? And so this is a song that

28:15

all of the Beatles or that John had

28:18

wrote and played around on his home. He

28:20

had his own on his own recording track,

28:22

a cassette. Yoko gave it

28:24

to the remaining three Beatles in 1994. And

28:28

whenever they went in and they did Real Love

28:31

and when they did Free as a Bird, they also

28:33

began working on this one. And

28:36

George laid down a track, a bass

28:38

or he laid down a guitar solo to it,

28:40

but they just couldn't really get it to sound

28:43

good because the piano was over.

28:46

It was it was just too much for John's voice.

28:49

But then with A.I., they were able to say, no, we're

28:51

moving to piano, clean up John's

28:53

voice boom. And so they used A.I.

28:56

to augment him. It's not

28:58

a it's not an A.I. track, per se,

29:00

but they used A.I. to basically

29:03

clean up John's voice. So then

29:05

I did then they also had already had

29:07

George's guitar solo

29:09

on there. So then John

29:12

Paul calls up Ringo's like, hey, would you like to

29:14

finish up this track now and then?

29:17

And Ringo's like, hell, yeah, man, let's go. And so

29:19

how cool is that in 2023? We

29:22

got a new Beatles song. And you also mentioned

29:25

I haven't checked it out yet. But the Rolling Stones have

29:27

a new album. The very same week.

29:30

This was not on my bingo card.

29:32

This was not on my bingo card at all. Right.

29:36

For 2023, that we would have the

29:38

last Beatles song. Right. I

29:41

thought we were done about 1995. That was it. Those

29:43

were left. We got a new Beatles song and the Rolling Stones

29:46

have released a new album called Hackney

29:48

Diamonds. I've listened to about half

29:51

of it. And you know what?

29:52

It's pretty good. I'm

29:55

blown away. Mick Jagger is 80 years

29:58

old. And if you listen to his voice, you... could tell

30:01

what might be in production but you could also tell

30:03

tonally what is legit.

30:06

He sounds... I mean look he never had a

30:09

great voice to begin with so he

30:11

didn't have a lot to lose but for

30:13

rock and roll it's

30:15

good and they've got some guests on

30:17

there. They've got Elton on there. Paul McCartney's

30:20

on there. Lady Gaga's on a beautiful

30:22

song that kind of reminds me of the

30:24

slower stuff they did like Angie or

30:26

Wild Horses. It's got the gospel

30:29

feel to it. I'm just

30:34

blown away that these

30:36

guys are still producing new

30:38

music and they've done

30:41

worse. I've heard some

30:43

stone stuff that's like why would you ever release

30:45

that and if

30:48

this is in then they're going out with the

30:51

winner.

30:51

It is interesting because they don't they don't

30:53

have their drummer anymore right Charlie he's passed

30:55

away no more Charlie Watts and but

30:58

I mean whenever Brian Jones

31:00

passed away or was drowned or whatever

31:03

nefarious thing happened way back in the day there's

31:05

some weird conspiracy about Brian Jones

31:08

passing that makes you go wait a second what happened

31:10

there but Rolling Stones

31:13

you know what's so cool I'll say this is

31:15

something that's like you know as a parent you

31:17

always want to give your kids great

31:19

experiences in life right and so

31:21

I took both of my kids and my mom

31:24

and brother to go see Sir Paul McCartney

31:26

in a concert we had great seats it was

31:29

spectacular and I took my

31:31

son and my daughter to go see the Rolling

31:33

Stones in Arrowhead a few

31:35

years back so dude like my kids

31:38

have seen part of the Beatles and the

31:40

Stones when they get older and I mean

31:42

I guess all the stones live like no you didn't I

31:44

get it like it was us

31:46

and then you just got back from an awesome life

31:49

experience was this

31:51

this is real

31:53

so this that's all the news but for

31:55

the fans you guys you know want

31:57

to know what's been going on with us while there's why

31:59

there's fewer shows. There's not

32:01

been a nifty show in months. There's not been a bad

32:03

AI show. There's just been a lot

32:05

of transitioning taking place here and

32:08

of course you know Sir Lord Travis is

32:10

going to be known as Lady

32:12

Tracy soon because he's transitioning.

32:15

Is that right? That not correct? Yeah

32:17

I'm transitioning back to the US.

32:19

Okay so not that kind of transitioning.

32:21

The other kind of. Keeping my penis. Keeping

32:23

my persona. You going

32:25

to keep your balls? Okay that's

32:27

good to know. So anyway

32:32

I was set to travel to

32:34

Israel of all places on

32:37

October 7th. Excuse

32:39

me well anybody who's paying attention

32:43

knows that October 7th was the day that

32:45

the scumbags did

32:47

what they did with the terrorist attacks

32:50

in Israel. You

32:52

were flying there that day? We were supposed

32:55

to fly out to Madrid the

32:57

evening of the 7th and then from Madrid

32:59

to Tel Aviv on the 8th. So

33:03

luckily they did that the day they did it then

33:05

instead of when you were there huh? Yeah I

33:08

told Aaron I said I don't know what's going on.

33:10

I don't know if we're gonna make it to Israel but

33:12

we have our bags packed and we have a plane

33:14

to Madrid and here it was supposed

33:16

to be Israel and Jordan for 10

33:19

days on a private tour and then

33:21

meeting my daughter and my mom in

33:24

Cairo Egypt for 10 days in Egypt.

33:26

I'm like I know we can go to Egypt. Egypt's

33:29

gonna be fine but we got to get overseas

33:31

and figure out what we're gonna do in between.

33:34

So we flew to Madrid and on the fly

33:36

I'm like I find out read the news don't

33:38

go to Israel. So I'm like alright great so

33:40

where we gonna go? We spent three days in

33:42

Bilbao Spain which was amazing

33:45

and then you know trying to figure out now where we're gonna go to Greece

33:48

we stay in Spain we want to go to France

33:50

before we get what do we want to do and

33:52

with the help of a great travel agent we decided

33:54

to spend eight days in Istanbul Turkey

33:57

which I know you've been to and

34:00

Amazing city, stays in a couple different places

34:02

there. And you want to talk about inflation.

34:05

Trav, their inflation over the past

34:07

two years in Turkey has been 300%. Their

34:11

people are hurting badly

34:14

over there. And it's like I see-

34:16

How's the conversion from the US dollar to the

34:18

lira? Yeah. Well, I mean, it's

34:20

great. The dollar goes a long way over there.

34:23

Yeah. You know, it's like 27 to 1

34:25

or something ridiculous like that. I see

34:27

even more than when I was there last December. Yeah.

34:30

Yeah. That's because it's probably gone

34:32

up another 100% in a year. And- I

34:35

recall it being like 15 maybe or 14. And

34:38

then we made our way to Egypt and

34:40

I finally seen the great pyramids

34:42

of Giza and- Is he going to go

34:44

in one of them? Our

34:47

guide said these, he

34:49

said, don't bother going in these. There's nothing to see.

34:51

We went inside the Saqqara,

34:54

which is the first pyramid. There's

34:58

tombs in there still and altars

35:01

and you could see some crazy stuff. So we went in several

35:03

pyramids, but he was like, really,

35:06

I wouldn't bother going in. You're just going to

35:08

be

35:09

dealing with a lot of people going back and forth

35:11

and there's nothing to see inside

35:14

of them. So- But it goes

35:16

to the great pyramid though. I mean, when you- I've done a lot

35:18

of isoteric studies on that. I'm pretty

35:20

certain that that was a giant electricity

35:24

sort of generating thing of some sort. There

35:26

was some, there's some stuff going on. The way that

35:28

that thing was set up. So there was never

35:30

really any sarcophagus in there,

35:32

allegedly. It's always some sort

35:34

of-

35:35

While, you know, Graham Hancock's

35:37

got these specials and we talked to our

35:40

guides a lot. What do you think of this? What do

35:42

you think of that? And, you know, he's like, well,

35:44

you know, nobody- Here's what I would say about that is

35:46

the guides, nobody in Egypt

35:49

will say anything beyond the world

35:51

is 6,000 years old. Anything

35:54

before that, it's an

35:56

impossibility. You won't hear any archeologists

35:59

or Egyptologists

35:59

talk about anything like this speaks

36:02

to potentially 12, 15,000. No, no, of course

36:04

not. No, because it

36:07

doesn't map match up with Islam or

36:09

something, right? Well, you can't, they can't know.

36:11

I mean, it's ridiculous. We went to the this museum

36:14

and unfortunately the brand new Egyptian

36:16

museum, which looks amazing from the outside,

36:18

it's still like a month or so from being open.

36:21

But we did see we did go to one of the other

36:23

new museums, the Civilization Museum, where

36:25

they have this incredible display of kings

36:27

and queen mummies and like those I've ever

36:30

seen before. I mean, some of them 3500 years old

36:33

with braids in their hair

36:35

still with teeth, better than

36:37

some of the people I've run to on the street here,

36:39

you know, major

36:42

US cities. It's just, it's incredible.

36:45

And then they got this one skeleton, they're

36:47

like, this is 35,000 years

36:49

old. And I'm like, if you guys not read about

36:51

the flaws and carbon dating, like they pass

36:54

off this stuff as fact,

36:56

when it's just theory. And

36:59

I'm still I'm a young earth guy, I just

37:01

I'm not convinced that they can just throw

37:03

in millions of years and say that humans

37:05

were here. Because I look at the ingenuity

37:08

of what these people created, right? These

37:10

Egyptians, they were smart mofos,

37:13

they created amazing stuff

37:16

and technology. And you're telling

37:18

me that for 2 million years before

37:20

that humans were dumb, and they couldn't figure

37:23

out how to just there's been many cataclysms,

37:25

bro. I mean, if you if

37:26

you zoom out, zoom out

37:29

from the satellite photo of Africa,

37:32

you can literally see where there's some huge

37:34

tsunami just ran over

37:36

that western that northwestern

37:39

part of Africa. That's where Atlantis

37:41

used to be. And you can see that eye of the Sahara.

37:44

I've gone down a big rabbit hole on that. So that

37:46

basically, I do and that huge tsunami

37:49

just wiped out everything.

37:51

So that big flood, you know, how long

37:53

ago is the greater the lower dais

37:55

or whenever that big 12,000 years ago, anything

37:58

that happened before that a lot of

37:59

that's returned back to the earth there's no way

38:02

I've even seen what's even happened they don't they

38:04

can't know glaciers can wipe out

38:06

civilizations water they can just wipe

38:08

them out and you don't even know they existed so

38:11

they can't know the mystery brother that's

38:13

why mysteries are so crazy anyway

38:15

it was an amazing trip the

38:18

air quality in Cairo was

38:20

very poor and the driver the

38:23

driving is crazy they're actually

38:25

you know they say it's crazy but I

38:27

think that they're actually more skilled than

38:30

than we are in the west because they're able

38:33

to deal with the crazy and not run each other down

38:35

if you're walking across the street they

38:37

will stop they will not hit

38:40

you like if those cars coming

38:42

at you they will stop for you they

38:44

have learned like you don't hit anybody

38:47

you just don't do it and

38:49

yes I'm sure accidents happen but actually

38:52

you after observing them for a little bit

38:54

and being a little frightened I'm like

38:56

you know what I think they're actually more skilled

38:58

because they can drive in this environment

39:01

where it is less

39:03

constrained they drive down the middle of the road

39:05

like they just make their own lanes and somehow

39:08

it works and it's always beep beep beep

39:10

beep beep beep beep beep beep beep sometimes

39:13

they're bad India and Bali these

39:15

some of these drivers they got some crazy skills

39:17

because they got to deal with things that we didn't

39:20

have to deal with and it's like we got this

39:22

homogenized oh here's the red light oh

39:25

don't drive slow in the fast

39:27

lane like we have these general rules like

39:30

when those things get thrown out which a lot of that's thrown

39:32

out here in Puerto Rico driving like Puerto Rico driving

39:34

is can infuriate you for sure and it's

39:37

like you know man people around the world

39:39

they got different skills and it's awesome I'm

39:41

not that's one of the countries I've not been to yet

39:44

so you went to Cairo and then you

39:46

went to the pyramids and then where's

39:49

any other spots in that happen that how

39:51

was the Nile

39:52

Nile was beautiful we did a four

39:54

night three night three night river cruise

39:56

on the Nile really you don't get the cruise too much

39:59

of it you're pretty much go from Aswan

40:01

to Luxor and

40:04

it's not a huge area that they

40:07

actually do it but it's amazing you

40:09

know it's easy if I recommend days would

40:11

you recommend to go if I was gonna go

40:13

to Egypt how many days you need you think

40:15

it depends like we didn't

40:17

go to Alexandria so if you want

40:19

to do Alexandria too then you need more time

40:22

and we took it a little more leisurely

40:24

than some would because I don't like my vacations

40:26

to be rush rush rush rush rush rush rush rush and

40:28

try and fit everything in you know I see

40:30

some stuff I don't want to relax I want to enjoy the pool

40:33

I want to go eat I want to chill I wanted

40:35

to feel like a vacation and even with that

40:37

we were there for 10 days I mean didn't

40:40

see Alexandria so you know I

40:42

would say minimum

40:45

of eight days and

40:47

you could probably do two weeks if you're gonna do Alexandria

40:50

as well would you ever concerned about because

40:52

if you look at the map you can see that Gaza

40:55

and Israel right

40:57

to Egypt not

40:59

even a little cuz I know they put a bunch of Egypt

41:02

put a bunch of tanks on that border saying no no

41:04

nobody's coming over there was high security

41:07

in Cairo and there's

41:09

like it all the hotels there's dogs sniffing

41:12

you know as your is people are pulling in

41:14

getting drunk every every tourist site that

41:18

we went to there was security

41:20

I felt very safe and Egyptians

41:22

love Americans and

41:25

they were very nice people very helpful

41:28

had no issues whatsoever felt very

41:30

safe there so in fact the the

41:32

guide was like hey you know at the end would

41:34

you make a quick video telling people because

41:37

the crews that we were on this is just extra

41:39

banter for you guys the crews that we were

41:41

on there's so many people canceling

41:44

they had only 35% occupancy on the new one because

41:48

half of the people canceled because

41:51

Egypt was so close to Israel and Gaza

41:54

and they're like we're on the Nile here this

41:56

is not it is totally safe

41:58

here but people get frightened

41:59

And I refuse I'm like yeah clearly

42:02

don't go to Israel. There's very

42:04

real reasons And I'm gonna go to Petra you

42:06

weren't able to go to Petra. We didn't know we didn't go to

42:08

Jordan we cut out That's a

42:10

bummer deal that pet Petra is Unbelievably

42:14

beautiful. Hopefully you'll be able to do that

42:16

in the future and you've just convinced me to go

42:18

to Egypt

42:20

because I've been watching some stuff and doing some things.

42:22

I'm like, I need I need to go there and let's

42:25

go to the moon before Oh One

42:27

more thing maybe you noticed at

42:29

the beginning

42:29

of the show the traditional

42:32

music but maybe with an updated

42:35

feel to it that's because the

42:37

both the start and the ending music even though

42:39

we've owned a License

42:41

to use those tracks from the very

42:44

first time we did the show YouTube

42:47

still dings us and Demonetizes

42:49

the video somebody bought that somebody bought

42:51

the company who had created all of those

42:53

tracks And then they went in and claimed

42:56

all the tracks so they could make advertising

42:58

out of it So we've basically never

43:01

made any advertising dollars off of anything

43:03

on YouTube ever because it's always been

43:05

deemed Which we've not one reason

43:08

why we've never pursued YouTube besides screw

43:10

Google. It's there But you could also go, you know

43:12

Watch the show if you want to see our faces

43:14

and the stories on both rumble

43:17

and Odyssey TV But

43:19

we had somebody cover

43:21

versions of the song So

43:23

if it sounds familiar but

43:25

a little new that's because We

43:28

know how

43:47

The bad crypto podcast is a production

43:49

of bad crypto LLC the content

43:51

of the show the videos and the website

43:53

is provided for educational informational

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and entertainment Purposes only it's

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not intended to be and does not constantly

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institute financial, investment, or

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advisor. Please understand that the trading

44:16

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44:19

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44:21

wishing to invest in any of the currencies or tokens

44:24

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44:26

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44:28

advisor.