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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