 Welcome to Digital Asset News to get top stories in cryptocurrency and digital assets and bring them on to bite-sized pieces. So today it's all about a dumpster fire and this was probably a funniest and realest article I could come across and I just had to talk about it because I was laughing my A off the whole time when I was reading it. Charles Hoskinson blasts Ethereum as a dumpster fire says Cardano will attract a billion users and before anybody gets out of hand and just starts saying you know what how dare they know this. Just remember tribalism gets us nowhere. So let's we'll talk about that and also I want to need to give an update on the DNews staking pool for Cardano what is going on as far as saturation and the newest aspect which we're going to actually be doing not giveaways but charities to a place called Kiva.org and finally we'll take a look at what is going on with Bitcoin as long-term investors continue to hodl despite a one trillion Bitcoin market cap. So we'll take a look at all those things but first let's take a look at what's going on in the market and actually first of all we should address the elephant in the room which is this microphone right here. So some people complain about the audio and some people most people don't but some people do so I decided you know what I'm just going to get the best thing I possibly get and I'll use this SM7B again and see what it is and then we'll go from there. I had to tweak some settings so we used this in the past and I didn't think it was that great so we'll do some settings. Also the reason why I'm holding it is because the arm snapped in half so that's always awesome. So I just wanted to get this out of the way and see what happens. Maybe it sounds awesome maybe it sounds the exact same I can't really tell much of a difference honestly but whatever. So let's see what's going on today it is March 23rd it's almost 11 a.m and if you noticed also I haven't done a couple of videos the last two days because I was just busy and I was super like beyond tired. Sometimes I just get the you know running down and there's all these different things we're doing with I mean going to Houston and the investment properties and then dealing with the sports facility then doing with the retailers and it just kind of got to me. So Sunday and Monday just took a couple days off it was awesome I feel refreshed and yeah here we are look at me I'm like younger than 50 so I'm pretty happy today. All right so what's going on today this is what we got for the market so Bitcoin is taking a little bit of a tumble I think everybody knows this now we're down to 556 Ethereum 1700 and it just took a big a big dip and usually this happens on a Sunday it's like every Sunday night it happens but this one we've seen it actually prolong and what's going to happen not too sure but our friends over at Market Rebellion were talking about a major dip major correction maybe a 50,000 Bitcoin and I actually posted something on that on Twitter I said hey Bitcoin 250k and people lost their minds first of all you have to understand something and that is that I'm just guessing and nobody really knows exactly where it's going we can look at the technicals we can look at the fundamentals but nobody really really truly knows what's going to happen with Bitcoin do I think it can go on 50k sure do I think it will happen yeah possibly but I mean who really knows but I would just say this if you are a dollar cost average like me it doesn't really matter which way it goes and that's the greatest freedom part that you can have as far as like being an investor because you know if it goes to 50k you're like great I get it I get a sale I get to really pick some some cheap Bitcoin alts up as well and if it goes up you're like great my portfolio is up so like it really doesn't matter which way it actually goes and I think the ones that are really stressed that f out are the ones that have actually dumped way too much money into this market and they're like it has to go up it has to go up it has to go up my wife's going to kill me so if that's you just be careful what you're doing because you know what I will just say this it never ends well so just be careful what you invest in all right and yeah what else we got that this has nobody cares Cardano's down a little bit but hey that's that solid in that number five spot I'll take that we were at $1.16 it was at $1.40 after that Coinbase listing and just real quick everybody talks about the Coinbase effect there is no I don't care how much you say Coinbase effect whatever else usually it would like double sometimes triple remember when Filecoin was was put on there I mean it went way up I don't think it's as big of a deal anymore because there's so many on ramps now if this is listed on PayPal watch out anyhow polka dots a little bit XRP congratulations XRP holders there has been some new breaking things in the in the lawsuit and they're potentially could be a resolution but don't hold that to me that was just that was just lawyer speak and between me and you I think it's going to go on a lot longer and that's just how it is Uniswap 8 but this is the big story Theta token and if you've been on this channel for any length of time I've been talking with us for a very very long time before it was in the top 100 Theta token is going to be massive and not only did it have it was a granted a second US patent just last week but it was also launched online with you know in the and over in the Southeast Asia Asian countries line is like a huge type of app as far as like payments and everything else goes so Theta is launching with line and it is just going to explode I see it could go up to $20 who knows it's crypto who knows anyhow and that's like the big story so Tara also making it on a tear was on a tear down 12% take that back dogecoin which everything's going to a dollar hint it's not and some other stuff I don't really care all right so that's what's going on the markets it's kind of a bearish day except for Theta but just remember dollar cost averaging and some people say well I just want to go all in cool you can go all in but these are the days that really suck when you go all in especially when you go all in here instead of down here there's a big difference and that's why I always talk about hey just be careful and that's what I gotta say all right so let's take a look at today's top story so first up Charles Hoskins man this was funny this was funny blasted theorem is a dumpster fire says Cardinal will attract a billion users now the billion users I can really see because we there was a an interview but a workshop or a big conference for the African blockchain conference and it was taken on last week and Charles Hoskins was the keynote speaker and things that he talked about in there I'm gonna I'll cover tomorrow but it really does make a lot of sense and if people I know people think well Africa is a very poor country really in actuality it's not it's just that they are they are underserved and they are woefully unbanked so I think this is going to be a game changer and we'll talk about it tomorrow anyhow my man Charles says the theorem is a dumpster fire in which a few groups of elites have been benefiting Charles Hoskinson has claimed the mathematician believes that Cardinal is light years ahead of Ethereum with lower fees and faster transactions well he's right about that I mean his lower fees and faster transactions he predicts that Cardinal will be the first blockchain that hits one billion users so before everybody gets all crazy and starts you know going how dare he talk about Ethereum okay it is what it is like are you happy with the fees right now are you ecstatic with what's going on with the decentralized exchanges and what's happening don't you think this could have been fixed a lot longer ago with all these fees let me ask you this how many of you right now watching this video could have had a lot more different cryptocurrencies if the decentralized exchanges would get away from Ethereum I'm not balking on Ethereum I think it's going to be great they got to fix a lot of things that's what Ethereum 2.0 is all about but in this time in the time that you could have invested a lot I think a lot of people could have made a lot bigger gains now there's some people out there like what are you talking about I just dumped 10,000 and it wasn't even that big of a deal yeah for you 10,000 there good for you but for other people who may not not have that maybe this they want to spend you know 50 to 100 dollars there's a lot more of those people than there are of people who want to spend 10, 50, 100,000 dollars on these decentralized exchanges and that is just the truth so when Charles is talking about hey these transaction fees are high he's right he's right I try to do it myself it was a 50 dollar transaction and the Gatsby was 54 so whatever that's just how I see it now can Ethereum catch up sure it can just gonna take a little bit of time and but here's a problem in cryptocurrency land things are moving at a break neck pace right so they're talking about like well six months and EIP 1559 is right around the corner and you just have to wait for us I don't know I don't know that's gonna happen but I own both and I'm a big cheerleader for both but if one wins hey whatever but just remember this that's there really is no no winner winners I think there's room for both but the big question is which one's gonna be awesome and which one is gonna be super fantastic I don't know which one it is and yeah to continue on Hoskinson spared no punches calling out Ethereum community in its criticism of Cardano he said some in the Ethereum community have termed Cardano a ghost chain claiming that it has shut up despite its lack of projects building on his blockchain and really in reality it's true I mean there's really not much people building onto it because it really couldn't because they didn't have smart contracts that's the whole thing with the Gogan era that's the whole thing with the Mary hard fork so sure I can understand that but he said there's been a huge amount of intellectual intellectual dishonesty especially coming from the Ethereum maxis or other actors in the space by the nature of dApps on Cardano yeah so that's a that's a thing Cardano is still in its infancy and currently it's in its transition phase the phase starts with metadata then tokens lastly smart contracts the network is being judged by on the same level as Ethereum which has had smart contracts for years and it's true I mean Ethereum had a big jump on everything and we'll see how it all works out but again as Ethereum grew all the way this this massive juggernaut the problem is with scaling and how much data per block so that's the whole thing with Cardano now let's see if it all works out let's see if you know people start to build on it this is where the rubber meets the road and I can't say either way and people always say well there's so many people building on Ethereum well yeah because that's the option right now if you got the only game in town that is just one thing now there's another game coming in we'll see what happens I just sit back and go hey whoever wins whatever I got investments in both and let's see oh he says despite the fact that we don't have full programming ability at the base layer there's already applications like shoe authentication on new balance and catalog authentication with beef chain and so that's just one little thing and it's not a big deal but what they do is it says here it's kind of like they put like this real chain card to make sure that you're getting like real new balances which it's a new balance you whatever I mean nothing they're not great shoes but come on okay anyhow he says a hundred dollar transaction fees yield farming useless defy NFTs selling for millions that are pointless and useless there's no real substance that's sustainable or viable in the long term I have to disagree here on the NFTs thing when Gronk Kowski for well now he plays with the buccaneers but you know he minted his own cards and he just probably bypassed tops and all those different card manufacturers and you know what I'm just gonna have you guys do it I'm gonna make my own NFTs I'll just cut the middleman out and keep all the profits so you know what again that sounds pretty good um that kind of aces out some the middleman but that's just how it is so on NFTs I can kind of see that the whole space I do see those kind of some ridiculousness like I minted an NFT of myself going like this with the shill king t-shirt that's going to sell for 250 USDC that's kind of ridiculous but hey who am I to say what people think art is right and then to finish up he says ethereum is like blackberry in my space he says you don't believe me do something for me take out your blackberry phone go to yahoo on your Netscape browser and search for your myspace profile tell me how that's working for you this is how quickly things can change and in crypto land it moves fast he states this no one woke up in the 2000s and said hey I gotta build on windows because I like bill gates and microsoft they did it because that was a network effect and where everybody was at so that is what's going on so before everybody gets all ticked off whatever else it's just it's just words whatever you think doesn't mean uh that that is what is actually gonna happen whatever you think whatever charles thinks it is not the end all be all I mean ethereum could very well rise up and be fantastic but cardin was doing some pretty good things and um you know that just I see it as a as a pretty great uh competitor kind of like we've had uh microsoft windows and then we have well we had mac we had steve jobs versus bill gates uh and then we've now we're having uh kind of like um ah we got a lot of different places that are just competing with each other well one of the things would be like like space x and uh elon musk and he's competing against uh jeff bezos rocket company because they're just two crazy billionaires who want to go at each other and this is the same type of thing and uh is anybody going to win again I don't know there's really a bunch of a win I think it's just that uh they'll both be successful but who knows which one will be anyhow let me know what you think in the comment section don't get too maxed out or maximalist out uh I don't need that I don't think anybody really needs that just be a little supportive and see where it goes man that was a funny article all right so that's what's going on there and then real quick I just want to talk about the bnews cardinal staking pool um from the cardinal foundation we'd actually we wanted to be ahead of the curve because in the very beginning it was about 200 something million that you could delegate to a stake pool which was a lot then they said you know what we're going to cut that to 63 million and then the whole idea was they thought it was going to go from 63 to uh 32 million so instead of us becoming saturated and then missing out on rewards which I didn't want people who were staking to the staking pool to have that have that effect we just cut it into two pools and we said look if you're going to stake to ours because right now we don't want people to go above we didn't want people to go above the 32 million uh staking so uh this is what we have in dnews one we have 30 million and then in uh let me go back in dnews two we had a pretty good amount actually I think it was like 25 or 26 million 27 million and we thought that was great and then we could just cap it all off but just so you know they came out and said we're not going to cap it at 32 million we're going to leave it at 63 million so you can uh you can delegate all at the 63 million and not lose rewards so go ahead and have at it I will update the video that appears right here and that's it but there was a thing that came up and people were saying hey Rob when we go to delegate for deadless or yoroi either it doesn't come up or it's just keeps searching and the reason why uh is because we had to update um part of our information as far as what the dnews stake pool is all about and um one of those things that we talked about we talked about this in saturday's video the last video I did before I took a nice big fat break which was nice uh was this um on both of the of the uh pools we said that proceeds given every epic to help the global unbanked through kiva.org and we talked about that in detail how we're giving these micro loans to people across the world and it's going to be 100 ADA for every epic and every epic is every five days because again I always feel like look I mean I don't need to buy another indoor pool for my house I don't need to buy another sweet 2018 dodge caravan which is what I drive right now so nice it's the it's the beautiful marrying of uh gas efficiency and uh fantastic leg room I don't need any more stuff I just don't so I figure like I'd probably just be best served just to help more people around the world and that's why we did that so when we update this we'll do this in deadless yoroi and uh the ADA light also on the different website so the team did that and then sometimes there would be like a little bit of a of a time gap between one and updates so if you are missing the DNews stake pool just give it a little bit of time maybe another 24 hours and I'll be there it should be there right now but just you know so that's what's going on anyhow let me think the comment section and oh lastly if you're just looking to stake in the description below the very first one is uh the DNews staking pool there's a video we just scroll down you're gonna go to this website which is Dan teaches crypto one up there one's 100 free um and it's gonna show you a video it's about 18 20 minutes now and it just explains exactly how to stake to it the rewards are around five points something percent now per year and it just kind of lays out exactly how to do things so let me think of the comment section let's move on to our last and final piece so last i'll make this quick um people aren't selling people aren't selling because they know that bitcoin is going to go to what i believe 150k so this is what it says this is from glass node it states in bull markets old coins tend to move more this increases the relative supply of younger coins in the network as previous bitcoin tops around 50 percent of bitcoin supply was younger than six months we are currently significantly below this level of 36 percent and the data shows that few long-term investors are tempted to sell their bitcoin at current price levels suggesting bitcoin whales are hodling for higher prices and the current bull trend could have much further to go so look this is what's going to happen now financial vice this is just my personal prediction i've been talking about this since january 7 2021 i said actually even before that bitcoin will go to 150 000 and then there'll be a little bit of a of a sell-off because people around the world know about these four-year cycles and uh that'll happen and then when people say oh you don't understand or there's all these institutions trust me they'll sell especially if the stock market uh tanks because our market is the only 24 7 liquid market out there so we're going to get this money well guess what all the institutions that came in are going to pull their money out and that's just how it is they're not true believers like me and you they don't see the big picture yet some do michael sailor does maybe elon musk i'm not sure but uh that's how i see things going and uh but the big question for for me i think everybody else is when we see this huge dip how long is it going to last that's the bigger question is it going to be like a two-year bear market like we saw in 2018-2019 when i give them the kind of rebounded or is it going to be a big big correction and then we just turn around in a month don't know but that's why i have a negative strategy so if it lasts a little bit of time or a long amount of time i'm okay again i'm just a dollar cost average just an investor and then that's really it's all we have today so let me know what you think of the comment section i will just say this to finish up um i know everybody's the big rage is the nfts which is cool i like nfts right um i actually bought a batman one from vive which is pretty it's awesome i like that but this one what do you think about this i just want to get everybody's opinion real quick how do you like this type of instead of an nft like real art that you can actually hang on the wall acrylic wise what do you think of that because we're going to be giving one of these away in about a week or so and uh it's by a fellow who is a subscriber uh for digital asset news and he has his own shop in chicago and he says hey we make art we send it out to uh not either local artist or global artist and they make they make things for us and we want to share this with everybody so i'm like you know what i would buy that i would definitely put that in one of my investment properties i guarantee that so this is the one i'm going to get but we're going to be giving the same one away pretty soon but let me know what you think about these types of artworks in the comment section it's not as cool as an nft let me just hang on your wall but i like it anyhow that's it for today so look if you made all the way to the end thanks so much for sticking with me i appreciate it so two things three things first of all tell me what you think about the audio is it really worth it if i have to go get another arm i'll get one so when snapped second thing is if you like the video give it a thumbs up that helps the channel tremendously and i always appreciate it also consider subscribing a lot of things we talk about are time sensitive and that is all for today so thanks so much for watching i appreciate it and i'll see you on the next one