 So if you want to stick around, we'll go over the Q&A. I'll answer all your questions, the best of my abilities. Also want to talk about a Voyager update in that 50 million, I think that was wrong, but we'll go over that in the Q&A. So if you got to take off, take off. Thanks for coming by. If not, stick around, we'll do a little Q&A. Also before you go, like and subscribe, a lot of good stuff. And Q&A, look at this banner out of here. Whew, what I miss, laser disk. Yeah, sometimes, guess what? The best technology doesn't win. Laser disk was ahead of its time. And what went out? VHS, if you're old, you remember that. Yeah, look at that. David Allen, my ex's parents are in their 90s. They live in Puerto Rico with no power. Very common. There's a lot of problems in Puerto Rico. Just between us, there is some corruption. It's government. There's always gonna be some corruption. But it just astounds me that in 2000, was it 17? When Maria came through, knocked everything down, they got a massive amount of influx to repair that grid that the grid still sucks. It's really bad. Like I think it's even worse than it was before. So I'm like, I don't get it. Five years, lots of money, nothing really changed there. So that's why I'm like, don't give to the government. Just give to the local agencies like that, you know. World, what was it called? World Central Kitchen and Protechos. Cause at least, you know that the local people will help the local people. All the ones kind of suck. So yeah. Chewy says, been through two tornadoes, lots of destruction. Yes, I've been through one myself. Pretty awful. One Game Boy. One VHS player. Well, Mr. Wolf, we know. Imagine if a judge showed the Fed and produced a documentary of what his back in Newest that's the beauty of it, right? It says right there. It's backed by the full faith and trust of the US government. That's what backs it and that's it. The thing is though, is that behind the scenes, there's a little backing of the US government and our GDP and how we do world trade. So like if you do, well, what is Luna backed by? Well, Luna was backed by an algorithm stablecoin. So yes, the dollar could crash and it can go to zero and it can go away. I get all that stuff, right? But what's more likely? An algorithm stablecoin is gonna crash and go to zero or the US dollar is gonna go to zero. Go take a look at the Dixie right now. Tell me how weak the dollar is. All right. Interesting theory. Luna failed because the hedge funds that had their hands on everything wanted it to. They'll want nothing to do with it. I know a couple of the hedge funds that were involved and they were pretty happy with the gains that they were getting. And they did not, I will, not all of them wanted to fail and a lot of them lost a lot of money. Just saying. Dez, we're waiting for a session. Pepperings where it's at, Cardano haters. Everybody look, nobody likes, very few people like, that's not true. It's just like, you can't like Cardano and you can't like Ethereum. It's like, I don't know, it's dumb. I like both of them. I don't understand the problem. When capitulation, that's the question. When pivot is the bigger question. Oh, so the thing I was gonna talk to you guys about, about the Voyager, that bid process that came through. There was Binance and FTX, apparently they're leading the way. And when it came out, it was just, first of all, there's been no official announcement. We will know exactly what it is until October 19th or the 13th. I can't remember the dates exactly. It was supposed to be September 27th, but they pushed that back to October to the official announcement. And from what I understand, I was in Twitter Spaces. It was with Simon Dixon talking about how we could do better. And then somebody who was in there that follows the case closely, said he looked through all the documents and they said that the $50 million that was there. First of all, we don't know if that's actually true. And second of all, that could be 50 million over what they actually had to do to pay for everything. So I don't, because when I looked at it, I'm like, if it's 50 million for all the assets, and we took a look at the assets, we just, we broke it all down. There was over, it was $1.2 billion with the loans that were covered, excluding three arrows capital. So like it had 648 billion in crypto. It had 270 in loans out and some other different parts of where their assets were. So I'm like 50 million. I think that was what they were talking about as far as like, it was over the asking amount. But again, these are all just hearsay. Nobody really knows the exact stipulations of what's going on. And we'll wait for the right information moving forward. I can't wait to take profits 100K and thank my financial dad, Rob. And see him in the pool. I'll jump in the pool. Anchor protocol. Giovanni, I don't trust Charles. You're smart to not to. Don't trust anybody. Everything's a scam until pre-otherwise. Don't trust anybody to be a lot better. Novogratz with his tattoo again. Hey, I'll give it to him. You know, when Novogratz, he had that nice, the Luna wolf howling at the moon, whatever. At least he came out and he said, look, this was a huge mistake on my part and the people that took a look at this. And he goes, I'm gonna remember this day and I got a nice tattoo to remind me every single day of the things that I should and shouldn't do. Got to tip your hat to somebody who can come up and say that. Good question. Mike says, why did Jamie Dimon say that all crypto was a scam? Because that's what he believes it is. It's very interesting though. There was, it was a hearing and they had all the different bank representatives in there and they went down the line and Jamie Dimon, they were asking him some pretty deep questions. I was listening to it this morning. Very boring, don't listen to it. But they asked him, they said, what do you think about as far as crypto? And he did talk about it. He goes, look, he goes right now, he goes, some people believe that China is in the forefront and they're beating us. He goes, in all honesty with crypto, he goes, we need to be ahead of that, ahead of them to keep everything in line. And then he talked about, and then they talked about, because when he says crypto is a scam, because he believes that nothing's, and let's be honest, what we talked about yesterday, how many scams are out there in crypto world? How many rug pulls that we gotta go through? How many things that we have to, and then people will say, well, Rob, if you don't like it, get out of crypto. Look, I'm just telling you, there's a lot of scams out there. There's a lot of rug pulls, especially in DeFi. And we just talked over one yesterday, 2. something, $4 billion of the last couple of years have been lost, people lost their money just because of these scams. So when he talks about it's full of scams, he's not far off, must be honest. But they talked about JP, JP coin, JP Morgan coin, and about how it's progressing. And so you have to understand that he has his own vested interests. So he's like, yeah, crypto, this crypto sucks, but the crypto that we're making, it's pretty awesome. Classic, classic. Swing in both ways, something like that. Excited for gonna summits, bullish on TGA Fridays, who isn't, go down as a futures, it will be, I think there's a room for many of players, Chili's, perhaps, who knows. Charles said he would love to see someone become a side champ, I'm not sure if that's true, but it was interesting. Yeah, Jamie Deming called crypto a policy scheme. Let's be honest, there has been some Ponzi's going around, has there not? But however, let's not let the banks off without a free hook. I mean, how many times are they gonna manipulate the metals market? How many times are they gonna open up bank accounts and for Wells Fargo to do that and move there? And then how many times are they going to actually, I don't know, wander money, look at credit Swiss? So it's not like they are the shining white knights out there, it's just, if you get mud slung at you, you get a sling harder back. It's called deflection and it works out pretty well. That pangolin, where's my wrench? Next time, so close. In the bear market, my Chili's went six, that's pretty good, that's pretty good. Hi, Robert, you dare jump in the swimming pool of Bitcoin? No, no, I do jump in every day though, no matter what the temperature is. That's a good point. Corporate Crypto says, die is the original TUSD and has never de-pegged so far. The original over-collateralized and battle tested stable, USDT and USDC are backed by debt. So with USDC, if you wanna say the dollar is equating to debt, then you can make a case there. But a layer of the CEO came in before Congress and said, look, here's all the financials that you wanna see. You can see how much we're actually that are pegged to different assets and you can take a look. And the same thing with the finance stablecoin. So you can say it, but again, there's a law that's not passed yet or a bill that's coming through that wants to see everything backed by something. I won't go there. And you can use the argument, but it's backed. You know, we can use it, but it's backed by debt just like the US dollars as we can print freely. The difference is that there's no crypto that has the reserve currency yet. And if people say, but brah, Bitcoin will be the reserve currency of the world. Sure, maybe, but then XRP says will be the reserve currency, maybe. And then Ethereum and Cardona and just go down the list. I don't know, but all fiat currency has gone to zero. It's a fact just throughout the whole history. The question is, will the dollar collapse tomorrow or in a thousand years? I have no idea. I like Logan. He says, you invest in Cardona because they take the slow calculated approach. That's kind of true, but it seems Charles is kind of lame and so are the daps on Cardona. Hope I'm wrong though, because I'm invested in that peer review. So I don't know. I mean, I always used to give guff to IOHK and Charles and everybody there in Cardona because they were so damn slow. But then when I'd see all the rug pulls and different things that were going on, I'm like, it's not so bad of an idea. And just takes a long time. So I kind of see it as like building a foundation, but it will be nice for a little adoption. And that's the whole point of Basel, to make things a little bit easier for those daps developers to actually build on top and make those killer apps. Because it doesn't matter how great it is and all these things, it really just comes down to use cases and adoption. Can they get that? I sure hope so. Let's see. Probably many hours before Basel complete. So it starts in three hours, but remember it also, it's supposed to end on the 27th. It's a five day process. So just be aware. David says a good point. I'll reload up on Aida when it hits 20 cents again. Probably it's gonna happen. Rug pulls are killing Bitcoin. Rug pulls are pilling everything. And also the lies and the schemes and the scams really hurt this whole industry. It's very hard to get large institutions and sovereign nations and pensions to come in here when things just are like, whoops, we lost all your money or sorry, we're insolvent. I know people, some people don't care. Like we don't care. We don't want that in there. I want people in there. I want that to happen. I want that to come in because I think it's good for mass adoption. Now, having said that, remember this, institutions aren't here to change the world. They're here to change their bank accounts. So we love them when they come in, but remember they'll sell. They all sell. How many? Yeah, that's right. That's right, crypto keeper. How many fines has JP Morgan chased racked up over the years? Never mind if I, exactly. But you have to understand it's just the cost of doing business. If you make 10 billion and you get charged a billion, hey, still got nine billion, I'd do that all day long. BitBoy said that Sam Bakeman Freed is working with the regulators to do something to ruin crypto for the rest of the market. Well, I mean, if he did do that, but I heard his business in the short term, but maybe the longterm, he could be like the Amazon and be like, oh, you failed? Well, that sucks. I'll buy you for pennies in the dollar. Who knows? Free market, right? Look, we all like freedom. That's why we like Bitcoin. And if that is what it is, even though it's straight up manipulation, that's the free market. Sad, but true. I'm just a realist. That's just what it is. Yeah, that was chewy. Jupiter Mojo, one new pure green screen October. Tober going back, can't wait. Might even donate my time back into the medical field. Who knows? Did you know? This is more for like beardy in me. I was, we're watching a, it was a CNBC or ABC Morning Review, whatever it was, but they talked about salaries in Puerto Rico. One of the ladies who was a registered nurse at one of the clinics, a registered nurse is making $800 every two weeks as a salary. That was blown away. A friend of mine works in the pharmaceutical companies. He makes roughly $10 an hour. And it's like a pretty like high up job. I'm like, what the? That is, there's a reason, like if you look at all the states in the US, the poverty lines, and we cover this in the Puerto Rico video, the poorest, if you, it's not a state, I get it, but out of all the ones, I think one of the poorest is Louisiana or Kentucky, as far as the poverty line. And it's, you know, whatever the rate is, I want to say 12, 13%, but in Puerto Rico, you're looking at almost 30% poverty. It's, I don't know how people make it over there because it's expensive to live there. Any ounce of tangent, something's got to be done. Thanks, Pokey. I stick my aided with Rob, has been this plan. Fantastic. Link in the description. Grandpa Rock, DCA hodl in the stick. Not the wrong of that. Yeah. And Nick's got a good point. He says, Rob, I stopped DCing. We'll follow Ben Cowell for now. Cash is king. There's two, there's like, you know that the DCA show we do with, it's me, James and Ben, we're like in the spectrum. And Ben is like, I'm not buying anything. I'm just waiting for this inevitable crash to come. And James is like, it's going to be good. I'm going to back up the truck and buy some things. He's more of a trader though. And I'm kind of like right in the middle. I'm like, I don't know if it's going to crash, crash, or if it's just going to move sideways forever. So I just, I continue a dollar cost average, but a lesser amount than what I would usually do. And then I wait for things to go down. If Bitcoin goes on to 15K, then I double up what I'm dollar cost averaging for everything. And if the alt coins drop by another, you know, 50%, then I increase it. It's just called dynamic DCing. I'm not for sure. I'm not smart enough to figure it out. I just know that over time, the crypto market's not going to zero. That is one thing I'm pretty sure about. But who knows, maybe good, but there's just so much money in there. I mean, we just took a look at BlackRock and Fidelity and Charles Schwab and somebody else, which is like, it equals like $22 trillion assets under management and they're all getting into crypto. Isn't it amazing how they get into crypto right now when the market is sucking? Smart money, or big money, whatever you want to call it. She says, they won't sell before me. Yes, what's a trillion among friends? Still waiting for my t-shirt, Ben. And that, that, that, uh, Thoughts on Gemini stablecoin? Nope, none. Yeah, Poki, Poc Nachos, speaking of pennies and dollars, both CZ and Sambit, 50 million from Voyager. Again, I don't think it's 50 million for the 1.2 billion assets. That doesn't make any sense. And nobody really knows. We won't know until the official announcement October 13th or 19th, that was getting wrong. Please remember the U.S. does not own crypto regular as much as you want. The rest of the world doesn't care. That's true. And that's why, like in other parts of the world, you can still get XRP. You can still do whatever you want to. It's just that, unfortunately, America's a big, big piece of the puzzle, right? Not big piece of the pie as far as global economy. So you'd want them to be involved even just a little bit because that's where a lot of money is. Just the truth. Do you think this is the bottom? I don't. But even if I, because I don't believe this is the bottom, I don't dollar cost average as much as I used to. I still think we've got a ways to go to go lower, but I could be wrong. We could be chopping sideways for a bit. So some people say, like, well, I mean, like we've already gone through these insolvencies. We've already gone through these Fed rate hikes. We've already gone through the automotive industry kind of a little bit pullbacks and then the housing market pullback. So what else is left? And I gotta tell you, a lot's left. There's a lot of different, there's a lot of more pain that we can see. You've never seen pain when people start defaulting on their homes and they have no place to go. And then of course, I mean, the one saving grace though is that there's a lot of job opportunities out there. But I think that'll start to evaporate at some point. And then of course, the Fed's not gonna stop pivoting or not gonna stop, not gonna stop raising. So if they keep raising the rates, then everything else goes up, more difficult to afford. And then we have a risk of stagflation or deflation. So, and there's a lot of problems up on the horizon. I just don't see how the macro supports it. And remember, the Fed still has yet to really tighten. Quantity of tightening. What goes down must come up. Oh yeah, tomorrow's DCA. Time again, I'm in, Kyrgyzstan recently invaded by Tijakstan. Okay. Yeah, being a European, we have some of this up to engage. I feel sorry for all Europeans, especially with the electricity prices going up so high. It's ridiculous, ridiculously high. I think that's it. Hawaii also says in Puerto Rican, I don't need to people how my family, I left in 2011 after massive re-empowerment thesis was about the decay of the Puerto Rican economy. And that's the truth. That's it. The sweat coin, ah, sweat coin question. Thank God. Just kidding. Sweat coming up in finance, I don't know. And with that, that is it for today. So look, going up on 40 minutes, so that will conclude the Q&A. So look, everybody, thanks again for stopping by and hanging out with me for 40 minutes or so. I do appreciate it. If you liked today's video, give it a thumbs up. Consider subscribing. And that's it for today. Tomorrow, there will be no video on this channel. We'll be doing the DCA show. I gotta check with Ben and James, maybe, unless somebody's traveling. But usually when I do DCA someplace else, I don't do a show here. But that's it for today. So thanks so much for stopping by. I do appreciate it. And I'll see you on the next one. The Oaks.