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The Pre-Halving Pull Back - Bad News for 3/18/24

The Pre-Halving Pull Back - Bad News for 3/18/24

Released Wednesday, 20th March 2024
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The Pre-Halving Pull Back - Bad News for 3/18/24

The Pre-Halving Pull Back - Bad News for 3/18/24

The Pre-Halving Pull Back - Bad News for 3/18/24

The Pre-Halving Pull Back - Bad News for 3/18/24

Wednesday, 20th March 2024
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Episode Transcript

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0:00

Well, it's time to pack it in,

0:03

gang. The bull run was short lived

0:05

and it's all over. Bitcoin is back

0:07

down from its all time high and

0:09

there are those who are questioning if

0:11

we're ever going to see a pre

0:13

or post having run now this time.

0:16

After all, if crypto doesn't just go up all the time,

0:18

what good is it? Of course, while

0:20

the price of Bitcoin and other coins are

0:22

down at this very moment and all likelihood

0:25

things are just getting started. We've got the

0:27

latest stories from the crypto world paired with

0:29

our version of Keen Analysis, which is

0:31

to say bad analysis. It's right here

0:33

on this bad news episode number 718

0:36

of the Bad Crypto Podcast. I

1:10

read that the first time and it looked

1:12

like a analysis. I don't know how

1:15

bad is our analysis. I

1:19

hope I don't have any anal lice. If

1:22

you got anal lices, that's like the worst kind

1:25

of Isis. You want to talk about a terrorist

1:27

attack. It's

1:30

the anal Isis. Shout

1:32

out to all the listeners right

1:34

now in the Republic of

1:36

Bad Cryptopia. You have found your home

1:38

here in our hearts for this episode

1:40

of the Bad Crypto Podcast. Joel, come

1:43

here. Travis right there. How are you

1:45

doing? Good, sir. I'm right here.

1:47

I'm right here. You're right there. No, no,

1:49

I'm here. You're there. You're

1:51

that's you're wrong. Wherever you go. There

1:54

you are. And you're right there. Okay,

1:56

I'm Travis right here. There. Beautiful.

2:00

Thank you everyone for tuning in. It is a

2:02

magical day It

2:05

is always weird when you see you know, you know

2:07

when you when you hit the previous all-time high and

2:09

Then on the journey to the next

2:12

all-time high top of the market There's

2:14

always these 20 30

2:16

percent dips along the way, right? And so

2:19

hopefully this is just one of those dips

2:21

and all indicators seem that that

2:23

should be the case I hope so Let's go

2:25

ahead and pull up the coin Geckos

2:28

right now and take a look for

2:30

those of you watching the video version

2:32

of this Podcast as well. Most

2:34

of you like to listen to us

2:36

in your ears But if you can

2:38

stomach seeing us with your eyes then

2:40

you'll find us on YouTube Rumble in

2:42

Odyssey timestamp the 18th of March 2024 at 4

2:44

13 p.m Atlantic

2:48

Standard Time which now due to

2:50

the clock change is also Eastern Standard

2:52

Time the total crypto market cap 2.647

2:57

trillion dollars Bitcoin sitting at sixty seven

2:59

thousand one twenty six Ethereum

3:01

under thirty five hundred now at thirty

3:03

four ninety two Solana Really

3:06

the only strong coin this week

3:08

during the drop at 199 B

3:10

and B 549

3:14

XRP sixty cents avalanche is sixty two

3:16

eighty one and Cardano in the number

3:18

ten slot at 65

3:22

centavos Going down a

3:24

little bit down to the top 20 25. All right,

3:27

let's go down to the top 25

3:31

right now dude I've been paying attention

3:33

to internet computer and really diving back

3:36

into the ecosystem and There's

3:38

some really great videos out there folks

3:40

If you don't fully understand what this

3:42

is, I'm convinced that internet computer is

3:44

the best technology In

3:47

the blockchain age I give and

3:49

remember we were had that conversation with Dominic Williams

3:51

the CEO And I did reach out

3:54

to him to see if we can get him back on

3:56

but when we chatted with him He was talking about how

3:59

when it launched There were

4:01

some people at FTX that were pulling some things

4:03

and pumping up the price and then dumping it

4:05

and really sort of created their launch. And

4:09

the more I sort of did research

4:11

on stuff here recently, it seems to

4:13

me that that really was the case

4:15

and a lot of big money in

4:18

Binance and Solana and Ethereum potentially. Those

4:21

guys don't want people to really understand

4:23

internet computer. And it tells me, I

4:25

spent probably over this last, since the last

4:28

show we did Joel, I bet I spent

4:30

25 hours researching stuff on it, just going

4:32

back in on the computer and

4:34

just going like, wow. So I have a

4:37

much larger portion in internet

4:40

computer than I have in the other

4:42

thing besides Bitcoin now. And

4:45

it's just once if people

4:47

start understanding how powerful it is

4:49

and what it can do, like it's

4:51

what, especially with the whole new

4:54

D-pen movement that's happening, the decentralized

4:56

physical infrastructure type of stuff. People

4:58

are pushing money into that and

5:01

ICP is all

5:03

about taking all the centralized

5:05

projects and tools that we

5:07

use and moving them on chain to their platform.

5:09

So I just say do your own research on

5:12

that because I just the more I study it

5:14

and the more I dive into it. And, you

5:16

know, we we advise them back in 2021 and

5:18

we launched the first pack

5:21

opening experience of NFTs on one

5:23

of the platforms there. And

5:25

I think it looks to me like it's just

5:27

getting better, Joel. Excellent. Well, I

5:29

mean, development is continually taking

5:32

place and all of these projects that

5:34

continue to build during the bear market,

5:36

you would hope that they're all further

5:38

along now. So, yep, if Domic

5:40

won. That was my thought. I was looking at it. I

5:42

was like, it's so weird. It's five

5:44

billion dollar market cap. And Solana just

5:47

keeps on trucking with potentially inferior technology.

5:49

And it's almost 100 billion. It's

5:52

just weird. Like, what's going on? Do

5:54

some math there because I can't I can't

5:56

do it myself. So a few stories here

5:58

to look at the overall market. here

6:01

on NewsBTC they're saying Bitcoin threatens

6:03

to retreat to $60,000 as bulls

6:07

seek solid ground. I find that so interesting because you

6:09

know just a few short months ago we're wondering you

6:12

know when it's at $30,000 man $60,000

6:16

seems so far away and of course we set new all-time

6:18

highs of what $73,000 $74,000

6:21

and there's a pullback right now

6:23

certainly any time you see that

6:25

kind of big movement right this

6:27

year I think we started January

6:29

1st was around $43,000 so to

6:33

go up $30,000 from the beginning of

6:35

the year of course there's going to

6:37

be profit-taking that goes on and

6:40

you know some say we can go as low as $50,000 on

6:44

this round I really don't know

6:46

but I believe personally

6:48

that it's all temporary right.

6:51

Pulling back profit-taking getting ready for

6:53

the next move up which you

6:55

know we're just what 30 days

6:57

out from the halving is that

7:00

right? Something about

7:02

that yeah we're about three

7:04

and a half four weeks away I believe

7:06

you know I've seen different dates I think

7:08

last time I saw it April 15th

7:11

or ballpark ish but

7:13

it is interesting because it looks like

7:16

what's happened to us and or the

7:18

whole crypto space is that because of

7:20

Bitcoin ETFs the

7:22

whole thing has moved the

7:25

bull run is earlier than

7:27

you know most people would have expected

7:30

a lot of times this stuff happens

7:32

after the halving Joel always so we're

7:34

seeing this and so like

7:36

that's why this is such a weird bull

7:38

run it's like we're hitting historic numbers and

7:41

yeah so a pullback before the halving that's

7:43

kind of expected it seemed like it would

7:45

dip a bit before it takes off again

7:48

but this one is such a weird time

7:50

to pay attention to it and to

7:52

have your money and it's so weird

7:54

I open up I look what's going

7:56

on today whoa okay why is that

7:58

taking off and Why is that

8:00

dropping and I think it's just the market

8:02

with if you think you know blackrock Joel

8:05

now has almost 1% of all Bitcoin Right,

8:09

right. So these don't need my sailor He's

8:12

got more than Michael sailor. Yeah,

8:15

here's your chart. 32 days 21

8:17

hours 19 minutes and 6 seconds

8:19

approximately until block number 840,000

8:23

and that's supposed to take place Approximately

8:26

on Saturday the 20th of April So

8:29

we're just you know, just over a little of a

8:31

month Away from from

8:34

that happening and of course people are

8:36

saying, you know, not every run is

8:38

the same, you know We thought last

8:40

time that we would get beyond 69

8:43

you know from 1000 to 20,000 was a 20x multiple Well

8:46

from 20 to the next having you think we

8:49

would have passed six figures, but we didn't it

8:51

was only like Almost a

8:53

four times multiple So maybe this time, you know

8:55

for guessing 150,000 is a high that's a 2x

8:57

multiple But

9:01

because other things as you

9:03

said are happening including the ETFs and we've

9:06

hit a new all-time high Pre-having

9:08

that this having might be different. Of

9:10

course, it's all Just

9:13

speculation because nobody actually knows what's

9:15

gonna happen and notice we never

9:17

go back and go Hey

9:20

the person that's making the prediction right now.

9:22

What did they predict last time and did

9:24

that happen? Was their last prediction? Accurate

9:27

or whether we never looked back We don't

9:29

have time because information is coming at us

9:31

so quickly Nobody goes back to the tweets

9:33

from somebody saying okay We're going down to

9:35

50 and when we never got below

9:37

60 does anybody call him out said you said we

9:39

were going to 50 never

9:41

happened, right And

9:46

do a look at that and be like hey Lucky

9:49

here you said this and they said that it's almost

9:51

like the Jim Cramer effect, right? It's almost like when

9:54

he says something you can almost know that it's gonna

9:56

go the opposite way now Do

9:58

we have a chart of Bitcoin? that we could pull

10:00

up conveniently? We do in fact

10:03

because all I got to do is go to coin

10:05

gecko and then I click this little bitcoin thing there

10:07

at the top of the market cap and how far

10:09

arranged you want to see? You want to see the

10:11

max? Let's go back and look at the last bull

10:13

run. Let's look at the last bull run so

10:15

that would have been right about. Well we're kind

10:17

of close right there it was pretty good. So

10:20

what's interesting is you can see here so

10:22

there's some people talking about whoa are we

10:25

in a triple top right now? No even

10:27

include this bull run too. Who's the

10:29

bull run that we're in right now? So include all that yeah. There

10:32

you go. So you can see we got a top right there

10:34

at about 67 there's a top at

10:36

69 we hit the top at 73. That still

10:38

to me seems like it's upward but there are

10:40

some people freaking out today saying

10:43

whoa maybe we hit a triple top and

10:45

a triple top would mean three

10:48

peaks moving in the same area

10:50

with pullbacks in between and

10:52

it says hey maybe this long cycle

10:54

of bitcoin is over and I look

10:56

at it I go that didn't make

10:58

any sense to me because we're just

11:00

getting started right? We're in that optimism

11:02

phase of the wall street you know

11:04

enthusiasm guide of investing right and

11:07

all the indicators say that we're gonna go

11:09

rock and rolling but I also look at

11:11

I go it seems like we're

11:13

gonna keep trucking up moving forward

11:15

moving upwards but I always look

11:17

at it and I think man when's

11:20

the bottom gonna fall out of the

11:22

economy in some ways? It's just like

11:24

paper money is doing stuff there's all

11:26

kinds of indicators talking about how oh

11:28

March is going to be a big month and oh

11:31

and just I don't know we need I need to maybe

11:33

find this story is that banks

11:35

are no longer able to borrow

11:37

money from the federal reserve bank

11:39

that thing happened last Monday the

11:41

previous Monday so banks are no

11:43

longer if they're insolvent they can't

11:45

go and borrow extra money from

11:47

the Fed anymore that process has ended

11:50

so that tells me there's an end of some

11:52

weird cycle that's going on here And

11:54

today I was thinking I was like man should I

11:56

get such pull some out are we gonna I was

11:58

like nope I'm not gonna. There's go to

12:00

do this of emotional thing I've I've

12:02

gotta wait until the three hundred and

12:04

fifty Day and the one hundred and

12:06

eleven day pubs and then it it

12:09

probably one hundred and fifty K Bitcoin

12:11

somewhere around there. If we're not going

12:13

to be able to predict the top

12:15

of it. But. I'm other, we've all my

12:17

assets, arm and I want a drop. Ninety percent.

12:19

What? Are. They have before. Well.

12:22

Nobody can call. And here's the thing

12:25

when you start talking about triple tops,

12:27

that bitcoin is different than other investments

12:29

is different than starts because we have

12:31

other mechanisms that are in play here.

12:33

The having is a very real mechanism

12:36

that takes place every four years. Of

12:38

the scarcity of the bitcoin that's that's

12:40

coming out in a when we look

12:42

at originally, the first having took us

12:44

from fifty bitcoins per block to twenty

12:47

five, the second having took a some

12:49

twenty five to twelve and a half

12:51

than and twenty twenty. From twelve and

12:53

have to six and a quarter and

12:56

now this is gonna take a some

12:58

six recorders, three point one two five

13:00

bitcoins. Supply is gonna run scarcer and

13:03

demand is increasing and so you know

13:05

to looking at Objective League say what

13:07

does this have to do with traditional

13:10

charting. And. That's that's my

13:12

approach to at not financial advice

13:14

ya figuring on stuff I've been

13:16

wrong so many times before. One

13:18

more time would die would just

13:20

be another in a long line

13:22

of it. What would you feel

13:24

about Marathon getting not mining facilities?

13:27

Travel? Yeah. So while one of

13:29

a bigger crypto miners out there,

13:31

Marathon Digital is asset to buy.

13:33

Another mining facility which is owned

13:35

by Applied Digital, pay about eighty

13:37

seven million dollars. For. That and

13:40

marathons actually digital. A map of

13:42

this was actually interesting. Joy think

13:44

of friends feel. Runs that

13:46

and he's he's like a big East these

13:48

a big boost in the I've ever seen.

13:50

His name is like a big Vc guy

13:52

up among say it is. He related to

13:54

Peter Thiel. Much. Or as

13:57

possible. oh, she'll the whole Peel

13:59

family. Spend That Money is

14:01

ran. Okay so like our

14:03

don't feel as more of a records. Me

14:07

Well Ah, you know El Salvador

14:09

has made some brilliant moves in

14:11

Bitcoin. Apparently they have more than

14:13

people thought they did. They move

14:16

four hundred million in bitcoin in

14:18

the cold storage. Just this very

14:20

weak on that's five thousand Bitcoin

14:22

which is what everybody thought they

14:24

had to begin with. They thought

14:27

that they the wallet that they

14:29

had. Hell does over five thousand

14:31

decline before. They moved another five

14:33

thousand. So that brings or total

14:35

to or over wilde sea. Initially

14:37

they thought they had three thousand.

14:40

Okay, so the one that helped.

14:42

Five thousand. Six hundred, eighty nine.

14:44

Just move more. So they've got

14:46

like eighty six hundred a coin.

14:48

Good move. A bouquet li over

14:50

there for. Go. And big on

14:52

bitcoin. Do Could

14:54

you imagine how tight the sphincter

14:56

would be where you're making that

14:58

transaction though? I fear that

15:00

part of the gadgets out because

15:02

you know up a wasn't bouquet

15:04

Li who did it was our

15:06

a guy of i oh my

15:08

god my ah ah under some

15:10

mega Parker right there. That's where

15:12

bad as fast as as pucker

15:14

after parker. So there's been an

15:16

upgrade to a Syrian where you

15:18

were of this. Yeah. Yeah

15:21

I've noticed is I knew it was common

15:23

the didn't can upgrade and our the gas

15:25

fees are a lot better. Now I tell

15:27

you why because I mean of gas these

15:30

were just starting to get stupid. Be no

15:32

memory back in the day with in a

15:34

T craze in you want a buyer and

15:36

in F t a one two hundred a

15:39

harder for the gas p three and a

15:41

lot know why of and is jay bags

15:43

and am so yeah it looks like I'm

15:46

That's one of the things that this one

15:48

was trying to do see reduce transaction costs.

15:50

And so a lot of the L jews

15:53

are seeing. These transaction costs the bleeding. Such

15:55

nice. What is M M Y? College? Ten?

15:57

Can I'm A? I'm sure it stands for

15:59

some. The but what does it

16:01

mean and can upgrade got a

16:03

bad job rally banana pie crusts.

16:05

There's an inside joke there somewhere.

16:07

the school a den kind in

16:09

that idiot some bad crypto will

16:11

be like with ten can. Ah

16:13

so all the gas fees are

16:16

downs. I actually the is a

16:18

quote he er den kind of

16:20

about fi stabilization not reduction. So

16:22

what keep? I'm high. but. You. Know

16:24

they're always going to be high our our stay. With that is.

16:28

That the Ip Forty Eight

16:30

Forty Four proposal for Improvement

16:32

is also known as Roto

16:34

Dank Starting Tribes. Didn't

16:36

you do that before we start recording it?

16:39

Go protracted effort. In:

16:41

totally don't have a proud of

16:43

that. It's proto think sarcasm at

16:45

at all I think I just

16:47

dang started myself. Yeah, this whole

16:50

description is great. Also known as

16:52

product thanks I was is aimed

16:54

at reducing layer to transaction fees

16:56

and enhancing data availability through blobs.

17:00

Of our far as I'm not smart

17:02

enough to understand this a new tackling

17:04

when I tell you why it's really

17:07

it's like they they they spend so

17:09

much time trying to make the said

17:11

sounds so all these big and wanted

17:13

our words were using and like dumb

17:15

it down for people's they can understand

17:18

what the hell's going on or the

17:20

say this ten can dent on their

17:22

protruding starting proud that's that's all. Yeah

17:24

L A. Craig Craig Wright is back

17:27

in the news again a His claims

17:29

of being. So Toshi have been

17:31

analyzed and apparently a d bombed

17:34

by a London's High Court of

17:36

Justice. They have formerly determined that

17:38

Craig Wright is not to Toshi

17:41

Nakamoto, these pseudonymous creator of bitcoins.

17:43

How exactly they came to that

17:45

ruling was based on evidence because

17:48

there were lawsuits that we're taking

17:50

place in the British courts and

17:53

this is. this is what they're

17:55

saying. I. Mean no, I don't

17:57

think any of us thought he was. Anyhow,

18:01

There. You go. If I'm weird

18:03

to me though, joe like. Why? Would you

18:05

fight so hard to say that he's a

18:08

dose of is not a don't see? I

18:10

don't believe Years Majestic A weird narcissistic that

18:12

he and as I do if you're supposed

18:14

he then. Access

18:16

the wall at most of them bento

18:19

on the ones that this man move

18:21

one sat that's all you either but

18:23

one that a case closed doors off

18:25

your shirt menu. A dumb ass. Anyway

18:27

so they are saying that he is

18:30

not Satoshi nor has he written the

18:32

white paper. He did not create Bitcoin

18:34

or at software. It's absurd. he was

18:36

close to. you know, whatever was going

18:38

on there. I. I. I

18:40

feel that that's probably legit. If

18:42

you want to read this, you

18:44

can read the entire article and

18:46

the findings on our show. Notes

18:48

it Bad Co.i and Affords lasts

18:50

seven. One. Eight as

18:53

where you can find all of our show

18:55

notes. You can a you know we have

18:57

a one listener travel think he needs a

18:59

shoutout right? He's on the keys in our

19:01

telegram and he picked up on the show

19:03

recently and now his name. He goes by

19:06

Super Rubes. There you go, Super ribs or

19:08

shout outs. He picked up on the show

19:10

and loved it and he's got. He served

19:12

as episode one, went back and he's like

19:14

going through all of the old episodes just

19:16

cause I got a year left until like

19:19

twenty thirty or. So

19:22

there's your shoutout in Seventh In and

19:24

Twenty Thirty super of yeah I'll get

19:26

not years of the gum or Brothers

19:28

Craig right thing and I'm like. If.

19:31

You're not a ditto seat and you're fighting

19:33

that your travel meager my believe that years

19:35

ago see like you got such ah. Have

19:38

a problem with trying to overcompensate my

19:41

he must have a really tiny penis.

19:43

It must be like minuscule reason to be

19:46

like no, no, I'm somehow see, I'm the

19:48

man. You're not. It's a big dick out

19:50

here. is. A

19:55

mouse? Some dank surgery. Go now.

19:57

Ignorance of seven? Whatever. We

20:00

we have added the beginning of the

20:02

pod yes but good though. the home

20:04

of the Daves Yard Herpes. So

20:09

to speak in have been screwing

20:11

up Ah but this dude hear

20:14

this Delve accidentally burned Ten Point

20:16

Four million and salon a token

20:18

that was supposed to be used

20:21

for a meme coin launched So

20:23

basically this is five hundred thirty

20:25

five thousand soul Honor and I

20:27

he he did this sub this

20:30

think he wrote he tweeted guys

20:32

I asked up by burn the

20:34

a liquidity pool and the tokens

20:37

that were set. Aside for the

20:39

airdrop mint authorities already revoked so I

20:41

can not meant them. There's nothing I

20:43

can do to fix this. I am

20:46

so effing sorry. Oh. My.

20:48

Goodness. Can you imagine a

20:50

mint time? I were literally eighteen Twenty

20:53

four that happened. Adidas tweeted that out

20:55

today. Oh my god he was. Get

20:57

there and launches. Is that the whole

20:59

presale fund is gone? Like everybody that

21:02

put up for this meme points is

21:04

lost their there's nothing that you could

21:06

do about it's of you invested in

21:09

whatever this particular coin was. As you

21:11

know in this is a reminder. This.

21:14

Stuff is risky. You know this is

21:16

a a new world that we're dealing

21:18

with. Your and Crypto and the human

21:20

element can really screw things up as

21:23

it appears that this guy did I

21:25

would not wanna be her orgasm day

21:27

chartering tests. At. Least

21:30

some I had. Ten million dollars bro I

21:33

that is be so painful like that is

21:35

under in order to get good sleep for

21:37

a long time. Five hundred and thirty five

21:39

thousand salon us and the prices keeps on

21:41

truck and up. Isn't a that

21:43

is painful Dude, I feel for that

21:45

guy. Yeah, now explain that. Explain this

21:47

to me like where everything else is

21:49

falling. Salon. A is

21:51

the only coined. That. Is

21:54

is making moves up. Is it their

21:56

marketing? What? Is it about the

21:58

along added to the me as kind of the

22:00

mean point because if you look out there and

22:02

you know your deck, screener, decks, tools and check

22:04

out some of those other projects that are pop.

22:07

A lot coins that are popping

22:09

up. so why has such a

22:12

huge meme ecosystem and. I.

22:14

Read how I got an honor to

22:16

try to play with some mean coins.

22:18

Also on I did I just wrecked

22:20

by Garrison. I'm gonna go him for

22:22

to be to our soul in this

22:24

oh I'm in They just rubbed it.

22:26

I'm like okay Gray there were what

22:28

is a lot of ice every time.

22:30

It's so weird that is. There is

22:32

so much wild wild west shit people

22:35

who are not getting punished over screwing

22:37

people like with without lube. So much

22:39

Day charter gone on bro. Was.

22:41

Happy of that, I'm in a move

22:43

this story up right now. Speaking of

22:45

screwing people without lube, Sam Basements Freed.

22:48

The deal Jace says should

22:50

spend forty to fifty years

22:52

in prison along with and

22:54

eleven billion dollar fine. And

22:57

forfeiture. You.

22:59

Know I'm skeptical that.

23:01

He's. Gonna get any judgment so

23:03

harsh. but if anybody? yeah, no

23:05

and did people over without lube

23:08

it was sammy. Sammy.

23:11

So I mean think about this

23:13

though. they fcx held so much

23:15

so on price they were one

23:17

of the the main people funding

23:19

that thing itself is. If

23:21

they have some stuff hidden back to

23:24

you know as I ought is it

23:26

as off the radar from people like.

23:28

If he got out of jail years down

23:31

the road by a if he he should

23:33

have to forfeiture all of his proved our

23:35

something you ought to me like you have

23:37

all these people up and his chances are

23:40

fighting years down the road All those investors

23:42

could easily be made whole by ah by

23:44

the value of all these tokens now right

23:46

as a blog is a meet. All kinds

23:49

of investments and all kinds of start offsets.

23:51

Some of them are taken off so. I

23:54

don't know as he got how his pants

23:56

down the wrong time and if they can

23:58

have waited it will he have. If

24:00

if they hadn't gotten so blatant with what

24:02

they were doing a private I never got

24:04

caught. It all out they were this for

24:07

he gets I can a sentence he's going

24:09

to have his blobs protruding started in prison.

24:11

Better fact that. As

24:14

a professional year

24:16

after. I. Read: it is

24:18

gonna be the first major tech company

24:21

the haven't I P O when in

24:23

quite some time. I met sir when

24:25

the last you know big one was

24:28

but Reddit one of the biggest sites

24:30

on the internet right now and are

24:32

being of roto Deng started that are

24:35

being probed over there a I data

24:37

practices at me I can't believe Wouldn't

24:39

believe that doesn't mean going over you

24:42

know another left leaning social media sites.

24:44

Certainly there's no doubt starting happening over

24:46

there. Didn't think. About my calls me

24:48

up these I am actually think about the Reddit.

24:51

You know, idea and on my well personally

24:53

I'm like dude, half of those things are

24:55

bots. It's all left leaning in some of

24:57

the War's trash that I've seen on the

25:00

internet the only only good stuff and I

25:02

see over on Reddit typically of the porn.

25:07

Suits how much while I want to

25:09

invest in that right? Is our another

25:11

the yeah Reddit I've he out is

25:13

not so good to me. Because.

25:15

The huddled masses are there. Apparently

25:17

their data licensing practices for a

25:20

I training are under investigation right

25:22

now. The as he see is

25:24

looking at them, the Ftc as

25:26

looking at them and a Reddit

25:29

has insisted it is not engage

25:31

and unfair deceptive trade practices. And

25:33

if you believe that I have

25:35

some beachfront property for you in

25:38

Oklahoma with a beautiful view of

25:40

the Prado Dang starting that is

25:42

happening there. You know what's weird

25:44

to. Me about Reddit is that

25:47

is it is any community could.

25:49

Hop up and ah you know dank

25:51

start. A Token is totally the Reddit

25:53

community and what we saw, what happened

25:56

with Wall Street that's right and how

25:58

they how they coordinated They. Doing

26:00

certain things so it'll be entered the. I

26:02

can see why the Se, Si and Ftc

26:04

want to keep an eye on what Reddit

26:06

is doing because it could get a good

26:08

fit. Grazie, there's some. There's some rogue actors

26:11

over there to say the least. Ah,

26:13

speaking of a I, the governments of the

26:15

world Dnr continue to try to figure out

26:17

hey put safeguards on it In know is

26:19

that Britain is that? Where the Emmy peas

26:21

are. That they are

26:23

adopting laws on this year, British

26:26

Parliament is is adopting laws to

26:28

protect fundamental rights, democracy, the rule

26:30

of law in environmental sustainability from

26:32

high risk a I while boosting

26:35

innovation and establishing Europe as a

26:37

leader in the field. In other

26:39

words, the government is going to

26:41

make laws that will have the

26:44

opposite of. That. They intend

26:46

to have on now on. A I. Whatever.

26:49

It's called typically is the exact

26:51

opposite of that of normally. When.

26:53

Seems like some artificial intelligence

26:55

asked him who. Writes.

26:58

This is gonna have a ban on

27:00

social scoring. An Ai will be used

27:02

to manipulate exploit user voted vulnerabilities. Have

27:04

tried but bans on those things. Probably.

27:07

They're trying to stop it so normal people

27:09

can use a I and they're going to

27:11

use a I to do exactly what they

27:13

say they're going to. man probably mind the

27:15

seat and up also than I did. This

27:17

is another thing I woke up were recently

27:19

I was his mind this may want to

27:21

first pieces news do that. I saw. About

27:24

Apple, Google and Ai

27:26

An Apple integrating Google

27:29

Gemini. In. There are in

27:31

the I phone I am like

27:33

good good lord please no not.

27:35

If google. Gemini is the worst

27:37

of all the Ai engines and like

27:40

is so biased and left leaning in

27:42

it's Trask like you think Apple would

27:44

be built in their own stuff? Man

27:46

I would have is I think maybe

27:48

Joe They were spending too much time

27:50

on the A Vision Pro and not

27:52

enough time thinking about Ai perhaps. so

27:54

I'm not a fan of the Caesar

27:57

butter. You know you may have seen

27:59

this story. As as well

28:01

armed this morning trap and

28:03

that is that Gronke is

28:05

going open source as a

28:07

as of today. And this

28:10

is kind of elon musks swipe

28:12

at.and open a I who vs

28:14

of course suing say all right

28:16

fine I'm at a do with

28:18

this. What does what you guys

28:20

said you going to do with

28:22

Shadier pt. right? He

28:25

trusted those got all to march in as

28:27

he put a be put hundreds of millions

28:29

of dollars in investment and the didn't take

28:31

any ownership in the projects and then there's

28:34

the stuff going on and then I saw

28:36

that are open a I had sent out

28:38

some emails that and are you on had

28:40

sent them and was trying to sort of

28:43

the of take control of the narrative was

28:45

just is is definitely weird So I think

28:47

him popping out of rock which if you

28:49

have huge prague it's actually pretty hilarious complex

28:52

is it talks like a sarcastic right. Leaning

28:54

guy? Really? Anna. When

28:56

you compare it's for the other left lady

28:58

eyes. There's a big truck, most a pig

29:01

contrast between the two. I don't use rock

29:03

as much as the other ones. But.

29:06

It's definitely different. Well, why you might

29:08

is no uses restrictions. When he says

29:10

open source, he means. Open.

29:12

Source: No strings attached according to

29:14

A to this tweeter right here.

29:16

So we're so we'll see that.

29:18

Finally, one piece of news from

29:20

the N F T world. Starbucks

29:22

is closing down there and of

29:24

T program that they started. I

29:26

really thought that there would be

29:28

more from them and perhaps this

29:30

is just the first said race

29:32

in They played around I what

29:35

they did I don't think was

29:37

particularly compelling. You know, they just

29:39

offered some collectibles. I didn't really

29:41

see much there. That would

29:43

be valuable in the future.

29:45

Stamps is their their platform.

29:47

They're transferring them to Nifty

29:49

Gateway where people can continue

29:51

buying and selling them. I

29:53

think that Starbucks can do

29:56

better. Do. Better Starbucks.

29:58

Emmy making it may that. Really fun loyalty

30:00

program. karma thing right? It's like you

30:03

more you com or points you gave

30:05

you enough points to and boom you

30:07

can earn one have won in a

30:09

t that open up discounts and who

30:11

knows merge and other things I don't

30:13

think that they had is a good

30:15

person over there who are who was

30:17

leading it is worth of with them.

30:19

A. Good foresight and really understand. By the

30:22

way this a sister and aside about

30:24

Starbucks I was going through my instagram

30:26

real says morning I came upon Susie

30:28

Orman you know who are is a

30:30

notable personality and finance and she was

30:32

saying she has never bought the Starbucks

30:34

coffee. She thinks it's stupid to have

30:36

to to do that. She says if

30:38

at the age of twenty five you

30:40

had taken the money everyday that you

30:42

spend on Starbucks and put it into

30:44

your Ira whenever it with an average

30:46

of twelve percent over your lifetime. you

30:49

know, some years good, some years not

30:51

so good. Step by the time he

30:53

had sixty five you'd have a million

30:55

dollars. So when you drink their coffee

30:57

when you buy that Starbucks everyday instead

30:59

of making it at home for a

31:01

fraction of the costs I'm just think

31:03

of it is pissed and away. Million

31:05

dollars. right? That's sad to

31:07

think about like that. Now I'm. I'm

31:09

my heart. Don't know. You want to stay nice

31:12

near by some Mcdonalds french fries now. I

31:16

do not. but thank you. I want to

31:18

say thanks everyone! tune in and listen to

31:20

this by. I do notice an uptick in

31:22

an activity when the bull markets are. Go

31:25

on some people's crypto up and people I

31:27

guru, let's listen to bad Crypto and other

31:29

shows you can see itself. Thanks for tuning.

31:31

I really appreciate yes yeah And I want

31:33

to say to all of the Prado dang

31:36

shard blobs out there that we were glad

31:38

that. You're. Listening, I think

31:40

Travis, I think we need to go

31:42

to Dolly and have it make a

31:44

huge proto dank starting blob. Okay, I'm

31:46

a part of his rocker that Lawford

31:48

enough to yeah we drop that has

31:50

an M F T. If you're not

31:52

in the bad Crypto nifty club yet

31:54

then know this is this is your

31:56

wake up call to do at to

31:58

go to Bad Crypto. Kurt.network is

32:00

also link in the show notes

32:02

and get one of these Spinney

32:04

membership and F T's they are

32:06

currently price at seven dollars it

32:08

is pegged to point zero zero

32:11

to eat so whatever that is

32:13

seven dollars and then you get

32:15

the fun airdrops at We Create

32:17

So sometime here in the next

32:19

week those who are holding this

32:21

are going to get the limited

32:23

edition Prado Dank starting blob art

32:25

work. Exclusively. Drop

32:27

to your wallet so there you

32:29

go. I love it. It's gonna

32:31

be pro now. I have lots

32:34

of children backing Wadlow. Sorry

32:38

to. The

33:00

Bad Crypto Podcast is a production

33:02

of Bad Crypto, Llc. The content

33:05

of the show, the videos, and

33:07

the website is provided for educational,

33:09

informational, and entertainment purposes only. It's

33:11

not intended to be and does

33:13

not constitute financial investment or trading

33:15

advice of any kind. You shouldn't

33:18

make any decisions as to finances,

33:20

investing, trading, or anything else based

33:22

on this information without undertaking independent

33:24

due diligence in consultation with a

33:26

professional financial advisor. Please understand that

33:28

the trading of Bitcoins. And alternative

33:31

crypto currencies have potential risks involved.

33:33

Anyone wishing to invest in any

33:35

of the currencies are tokens mentioned

33:37

on the podcast Should first seek

33:40

their own independent, professional financial adviser.

33:42

I think I just started to myself dang

33:44

started myself. I think the whole lot he

33:47

answers like than epidemic of dang starting out

33:49

any right now. he smells like this dude

33:51

listen to show and as his as wise

33:53

as I put it you just do. He's

33:55

like I may have just thing started. Oh

34:00

I god I feel runs in from the other room.

34:03

What's happening on know I

34:06

see a dank shard blob

34:08

out. ah ah ah ah.

34:10

viral viral thing sorry himself.

34:12

Jimmy.

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