 Let's get to it. Ah, my favorite part of the show. First of all, hey, everybody, thanks for stopping by. And I always like to see the usual suspects. It's always me, you got Vicky and I, and Norman, Daniel, memes always here, always here. CPR, Brian Mack, Wilkes, Reaper Man. Reaper Man hasn't been around too much, but I appreciate what he does come in. Let's see. Jeff, you, where's Beardy? Benimotasia, Benimotasia's always doing great things. Helping me out, getting rid of the scammers on Twitter. Ah, Benimotasia, every X amount of blocks that Justin with BlockTime is probably now, it's every two weeks. Yes, exactly. For the difficulty ratio. Joy says you're out of focus. No, this is just where I want to be. You don't want to focus on this face. You want to focus on this beautiful backdrop. Beautiful. So for everybody who's in cold climate, you can feel the warmth. Beautiful, balmy, 86 degree day, you're in Puerto Rico. Can't beat that. And another thing, it's hard to move here when you're diamond-handsing, diamond, I don't know if that's even a term, diamond-hands. Don't diamond-hands. Don't diamond-hands forever. I believe the Satoshi Nakamoto White Paper, which we've taken a look at a couple of times now, nine pages, says very specifically, uses for peer-to-peer transactions. If you want to buy a house, or you want to buy some property, and it's going to make you feel good, do it. That's what Bitcoin was made for. You can say it's a store of value, and that White Paper didn't say anything about that. I understand people want to make it into what it is, but peer-to-peer transactions, is that what it says? Ah, Vicky, you're the best. Logan says, you just explained why my charts are so accurate, weird hashtag ribbons. Yes, I never look at these things, honestly. But thankfully, with looking at Bitcoin, they give you alerts. So, I mean, they're free, but you can sign up for the alerts, it's like 20 bucks a month. I love math. What percent of Bitcoin out of all my crypto? It's the vast majority. I want to say now it's like, it's over 70%, I'll tell you that. Brian, looking at it back, here's the thing. Don't get into masterworks before you talk to the people. Like, to me, it didn't make any sense. I'm like, I don't know anything about art, I don't understand what you guys do. I just don't get it. They're like, it's going to be big. I'm like, sure, pal, it's all going to be big. So, I set up a meeting with those guys and I sat down with a gentleman on a call and it took me 30 minutes. Actually, it took me 40 minutes because I'm pretty dense. He's trying to explain to me how to have him repeat things. So, do that and if you don't, if you feel like this isn't for me, don't do it. Rob, do you want any physical artwork? I do, but it's from Amazon and it's from Target. That's about it. Sorry, I mean, I'm not very cultured. Can you, ah, it's a good question. Can you sell to your position? As far as for crypto, we probably talk about masterworks. So, masterworks does have a secondary market. You can sell your shares in the secondary market. I have personally not done that. However, you have to understand, these are not short-term plays. This is like two, three, five-year type of play. So, when you get into it, like I can sell my shares now because I've been in over a year. Again, have them explain that to you. There's some, yes, there are some amazing artists in Perarico, just on the, just the murals I see. It's beautiful here. Ah, let's see. Just saying. You don't want to linger on that particular with the YouTube algorithm. The algorithm doesn't help me much at all. So, I'm okay. I get this, the algorithm doesn't work for me too well. I'm just happy that the same people show up and we get to talk. Vicky says it again, not financial legal or tax advice. The channel's for entertainment purposes only. Dan is not an expert, no. Or a financial plan. These are just my opinions. These are just my opinions on what I'm doing. Exactly, Vicky. Bill Bones, that's a great name. Got an avagacchi there, I like that. Rob, do you think ETH would be able to become a security if the SECs they have to abs? There's too much money for them not to say it. It's very simple. SEC says, actually no, no. SEC doesn't say squat. SEC enforces the rules. The rules are made by Congress. Congress are the lawmakers. They're the ones that have to pass the bills. So, we go that route. Lumbus and all the people get together and say, okay, this is what a security is. If it hits this criteria, we're gonna call it a security. ETH becomes a security. Okay, Ethereum Foundation. I mean, you guys already have a backdoor into the SEC anyhow. So, we want you to pay a fine and say that you ran a unregistered ICO and then you're gonna register as security and you're gonna come in here and you're gonna pull the paperwork in. Okay, so what does that look like? Well, it's already happened and it happened with EOS. So, EOS, this was in 2019. EOS sells the SEC over unregistered security sales. They find them $24 million and EOS raised $4 billion. I will do that all day long too. And off you go. So, they can do it. It's very simple. And I know Mark Moss had a great video on talking about why he doesn't think it's gonna happen like that. I happen to disagree. I think they can do that. I think this. 5,000 cryptocurrencies will not become a security. They don't have the money or the funds. Look at Orbit and Ardana. They just rug pulled everybody because they don't have any money left. What is gonna happen is most will collapse. The ones that don't collapse, they will be absorbed in the fold of the bigger cryptocurrency digital asset projects. Those projects then will then go to the SEC and say, here's your money. Here's the way to work for it. And guess what? We got a whole boatload of new developers because all the other one just went bust and we picked up all these people as far as staff for pennies in the dollar because everyone needs a job. I think that's what's gonna happen. It's the same thing happened with Facebook as they rolled up into everything and said, you know what, we like this business. Instagram, that looks pretty good. And WhatsApp, we like that. We'll just buy you away. And it's the same thing. And of course, people will say, what about decentralization? That's not gonna happen for a while. The only thing that's truly decentralized is Bitcoin. That's just the truth. That's it. Some other good projects, you got a point. There are some other products that have decentralization but as time goes on, I think we're gonna see more centralization moving forward. That's what it is. Thanks, Brian, smashed it. Woot, ICP. Amy's here. Shannon Miller's here to have the brass kit. So I had a sale going on for Dan teaches crypto, the website. I just extended it from yesterday to today. It's now free. Just kidding. It's always been free. Yeah, it's all the best stuff I can put out there. Team Benny, that's right. Beardy is crying as Eos bag. I still have Eos. So I make fun of Beardy because I have Eos too. Beardy's probably working. You know, he saves lives. That's what he does. I don't believe he's an RN. Beardy says, what do you think about the debate between proof of work for his proof of stake? I fear proof of work because of network stability and decentralization. It is very decentralized. However, I still think that proof of stake, there is decentralization there. However, there are some projects that are proof of stake that are not decentralized. If you can tell all your node operators just to reset it, that's not decentralized. I'm sorry. I'm pulling away from those projects. But okay, here's an example. So like when Cardano had the upgrade, the Crown Affiliation was like, hey, we'd like everybody to upgrade. And me and other pool operators were like, nope. Nope, we're gonna test and we're gonna wait. And we'll do it when we wanna do it. And we did that and it took a lot longer. And Charles Hoskinson had to go on his channel and eat a little humble pie. But he's like, hey, I can't do anything, it's decentralized. They do what they want. And I was like, yeah, it makes sense. Now, I'm not the person that runs the stake pool operation. It's for way smarter people than me and I have a team that does that. If you want to like to stake with DNews, the stake pool, links in the description. I'll show you exactly how to do it. I'll show you what staking is all about, why it's decentralized, how it all works, how you control your private keys with Cardano and go from there. So, links in the description. And we're doing pretty good. Uptime is almost 100%. These guys are great. Great, great, great. And another thing, you're not staking it on some exchange. Like I just got an email today to stake my Ethereum, which, hold on, I'll show you what exactly what it is. Yeah, yeah. Photos earn up to 6.85% APY on your ETH. That's from Coinbase. I was like, that's pretty good, 7%. I almost smack myself in the face. So I'm like, if I have Ethereum, it's not on Coinbase, it's in my ledger now. So that's that. And 6.85% APY is great. However, when can I un-stake it? That's the big question for Ethereum. As far as the Shanghai upgrade, it was supposed to be six to 12 months. They put it back and now it's indefinite. They don't know when we can actually un-stake. And that's a problem, I think. But, get off my soapbox. Okay, Mac says, living on the Philippines river deck, you know, congratulations. It's a great place, summer, whole year round, 30 plus sell, see as to what I forgot, what is what, you know? I had some friends in El Paso, and El Paso sent me a video yesterday of it snowing, in El Paso. And they're like, Rob, you're missing out. And I just sent him a video of, we were on the beach over like Cundado, and I was like, I am not missing squat. Gravity blast is right. They tell you to diamond hands they can sell on top of your head. I said, I was showing this yesterday. I think it was hodl waves. I'm not gonna get into it. If you wanna look at Bitcoin and take a look at those charts, you'll see that, no, no, I wasn't hodl waves. It was people who had crypto in a specific wallet for, and it broke it down between four to five years, seven to nine years and 10 plus years. And you could see, it's not hodl waves, whale shadows, that's what it's called. Let me show you this chart. So I want you ever to remember this. So whenever he talks about, you gotta diamond hands it, that's it. What this is, it shows when Bitcoins that have not been moved for many years finally move again. And I'm not saying that these people, these whales and how much they're moving. I'm not saying they're selling. I'm just saying that they're moving it for whatever reason. If you have something in cold storage, what is another reason to move it besides to sell it? I mean, maybe they're doing loans, I'm not for sure, but you can just see that as the price goes up. See right here, this purple, that's, that's, hasn't been moved for seven to nine years. See over here, well, it doesn't work because of the year's genius, Rob. But over here, of course, you can see that. Yeah, they're gonna, some people will sell. So don't think that everybody's diamond-handsing, right? When the price goes up, look at these orange shadows, these orange ones right here. That's for people who haven't moved for 10 years. When the price went up, and you get a big, massive concentration when the price really starts to spike. 47,000, 49,000, they're looking at the same charts that we're all looking at. Ooh, look at this one. Oh, this one we talked about yesterday. This one was 10,000 Bitcoin that hasn't moved in seven to nine years, just moved again at 16,000. Could be selling, I'm not for sure, but I'm just saying that don't think that everybody diamond-hands, that's all I'm saying. Metal, I'm just saying that. Metal-hands. John Velasquez says, do you need to purchase CryptoVampure? No. Or maybe they're 180 days. We're here more than 180 days, like for tax benefits. And if you're looking for, I did an updated video on Puerto Rico, like would I do it again after living here for a year? The answer is yes. And there's some slight things that would change. So if you're ever gonna move here and come out, first of all, it's great. Beautiful place, great people, food. That's just me, though. And I know meme's always gonna tell me, oh, there's better food. I'm just missing the right places, I guess. But regardless, it's a great place. It's just expensive to live here. It's super expensive. Here's an example. We had a guy that had to come out and fix the fridge. He works for, God, Sears. He's a Sears rep here, right? He makes $20 an hour here, which is okay, okay, good. $20 an hour here. But the electricity cost is outrageous. Everything is imported. It's pricey for all the food items, vehicles. If you wanna purchase a vehicle, you're gonna pay up. Everything gonna, every kind of product or produce or whatever, you're gonna pay more for it, right? And electricity, like I said, crazy. It's real estate also expensive. And he was talking to my wife and he goes, he says, where are you guys originally from? We're from Texas. Oh, he's like, how's Dallas? He's like, I guess it's fine. He said, yeah, I got an offer to move to Dallas. And he goes, I don't know if I want to, because I think the cost of living is very high. They're gonna pay me $28 an hour. And me and my wife were each other. And we said, take that job right now. That's financial advice. Take that job right now, because everything is cheaper in Texas. There's no estate tax. There is, the cost of living is low. The real estate is low. And $20, I was like, get out of here. But sorry, if I talk too fast, my desk shakes. So yeah. So that's just thing to be aware of. Gandalf the graces. I feel the heat coming from my money. Gandalf, so answer me this. Since you're a miner, I'm not a miner. Were those pieces accurate for how much it costs to produce one Bitcoin? Because it seems extremely high and I could be wrong. So somebody tell me when Gandalf responds to that one. I might miss it. Yeah, I wanna set it up. Panda Pi, Rob, I have a question regarding stocks. I don't know how it all works. Is there like an equivalent of a ledger? Or is it all centralized? How do you hold your shares like in a wallet? I mean, I just use, again, these are stocks and equities, they are securities. So they are regulated by the SEC at the very minimum. So on this one, it's all centralized. And someone can probably explain it better than I can. But yeah, you can't self-custody that type of thing because that's all, that's why crypto is decentralized and that's what we do. Jeff Fries says, where is the art they buy? Can you see it? Yes, you can definitely see it, but they take possession of it and they store it. Again, talk to people over at Masterworks and go from there. And that's a great question. And you can see everything that they store and everything that they buy, what they bought for, how it moves and everything else because it's registered with the SEC which means everything has to be public. So every piece or that you look at, you get the data on it underneath. Let's see. Becky says, if there are less miners, it will be easier for the ones who still mine. Great question, Becky. And I saw my toy forgot about and this would go back to Benny's comment. So when, again, not a miner, but when the miners shut off their rigs, that means the difficulty to actually mine Bitcoin actually goes down. So it's actually beneficial for them because of course the hash rate will go down but the difficulty will be down. The more miners that are there, the more the difficulty goes up, the more it makes it more difficult, so on and so forth. So for me, when I take a look at it, again, opportunity, that video that we took a look at, again, of Jason Less where he talks about, hey, it costs us roughly 8,900 bucks to produce one Bitcoin because we have deals in place with the mining grid operation here in Texas. We're able to sell it back. We have it blocked out. Those guys are gonna massively benefit from all the small Bitcoin mining operations just shutting down. And there's gonna be a concentration of power, a concentration of Bitcoin miners. That's just how it is. I could be wrong, but that's how I see things. And I think it's the same thing with crypto and digital assets and those projects starting to collapse. They'll all collapse onto each other and then only the strong will survive, a thunder down. Yeah, Sunday was 35 cents. You should come to Puerto Rico or go to Hawaii, 67 cents. Sweet, Mary and Joseph. Rusty bots gives a good point. Even in wars, the art is protected by both parties. Yeah, true. Ironhawks has 15.5 looks like a double bottom. I think 13K, but some people say 8K. Some people say 3K. Some people also pay zero. I don't think that's how that works. Neal's got a good question. Robbie thought some dot that Gavin left the product. So he didn't leave the project. He just stepped down and believe the CEO and he's talking about Dr. Gavin Wood. Dr. Wood there is, he's more of an engineer, more of a coder, more of somebody who creates. I don't think he was happy in his role. So he probably just stepped down and go, hey, I wanna build the company another way. Kudos to him. He gets to do what he wants to do. So I'm good with that. Yeah, Sony confirms that Neal Gavin didn't leave Polka Dotty to step down. Some people just aren't built through the CEO. Some people just wanna do their thing within the company to make it work in other ways. No one or San Juan. Do you own a property outside the US or Puerto Rico? No, we only own property in the United States. And the reason is for us, me and my wife have a philosophy which is we only want to own properties in the places that we live. So we have properties in El Paso, we have properties in Houston, we have properties now condos and house house and condos here in Puerto Rico. And it's just because it's easier to manage. And one of these days I will actually put together a YouTube channel for just real estate to show you all the things that we've picked up along the way. One of those is management companies. Try not to use them as much as possible because the person that will take care of your property the best is you. That's how it is. That's all I'll say. All right, meme says it. Supreme Court determined the definition of securing the Howie case. I believe it was 1933. So long ago it might have been before what I'm trying to say. Times the update definition. That's a good one. Mr. A1, what's the next DGEN move? I don't know. I don't, like I've got a second channel for Dan DGEN and we've covered some pretty good ones. Gensokishi was one of my favorites. Sweatcoin obviously one of my favorites. Fame, MMA and Everdome. That was the big four that we did. That's really the only ones. And as far as the next DGEN move, I have nothing because the price that come to me mostly are trash. And I get probably five to 10 a week and once something good comes in I'll let you know but I haven't done a Dan DGEN video and I want to say four months because they're just worthless. If I don't want to invest, why would I tell you them? Why would I talk about it to you? I only tell you the things that I do so I can't, that's it. Let's see. Surav Agarwal says, can we say 10 count with a bottom? Could be, might be eight, might be three. I'm not sure. XRPZ says proof of work not needed consensus out of the work, XRPO never been hacked, zero downtime, it's a good point. Some people will argue about the centralization but that's not my, that's not my wheeled house. I don't really get into the problems there. But you know, there is a thing. I think we should really be aware of it. Let's make sure that we keep things decentralized because I think some of us lost our way a little bit as we started to get a little bit slimy with the centralized players, FTX being one of them. And again, I will raise my hand and said, Voyager and Celsius were great when they worked. They just made mistakes along the way, you know? And they just became, they just became defunct. What is that term in Batman they talk about? You live, you die the hero or live long enough to become the villain. That's pretty much what happened here, you know? Celcius were great. I remember March 2020 when coronavirus was, you know, wiping out everybody, making everybody crazy. They only had to liquidate three people in their loans because they had reasonable margin calls. They had a lot of funds and reserves and they were doing things that looked pretty on the up and up. Then as time went on, I think they just tried to compete too much with yield. Same thing happened with Voyager and three arrows capital. So yeah, it's a real problem. So let's just make a pact us. As we move forward, let's make sure we try to find the products that are the most essentialized that do the best things that have the real world utility. And we stay away from the centralization no matter how great the economic gain could potentially be. Let's just do that and stick to the things that we should do. All right. Ha ha ha ha ha. Rafer Man says, you should have heard what Raul Paul said when one of these viewers suggested investment website should be free. Listen up, man. Yeah, I didn't know that was what he mouthed off about. That's pretty funny. Look, everybody's different, right? Just because mine is free doesn't mean everything should be free. Obviously, right? I mean, Ben's website isn't free. It's fantastic. However, you know, Ben, in the cryptoverse, he doesn't monetize his videos. I do. And Ben doesn't do any affiliate links. I do. So like, there's always a trade-off here, right? So I just thought it was a good idea just to make things free. And if you want to use the affiliate links, you could. And if you didn't want to use the affiliate links, you could just bypass them to go right to the website. Dang it, you might miss out on some bonuses and things like that, but that's up to you. And I just felt like, you know, a lot of people or some people in the world can't afford, I think I was thinking about doing it for like a hundred bucks a month or 20 bucks a month or something like that. I thought, well, some people can't do that. So I'll just make it free. And that was it. Let's see. What else is still proof of work side of Bitcoin? That's it. There's a couple more. Is Ethereum Classic still proof of work? I believe so. Ah, let's see, let's see, let's see. I think that was it. I was joking. It's a big joke. Tomato coin to the moon. That's one I should probably cover. If you guys haven't heard of tomato coins, it's not proof of work or proof of stake, it's proof of sauce. And I think Olive Garden has implemented in the payment system. It should be huge. So Doge might actually have value. Doge could have value. Doge could have value. If it wasn't for Elon Musk buying Twitter, couldn't. Another thing. Elon Musk just came out and said that if the Twitter app is banned on Apple, he will create his own phone. So you would have Android, Apple, and a Tesla phone. Wouldn't that be interesting? And of course, that's why, if you're looking at Dogecoin, why there was a pump, that was the pump. Because of just that comment. I gotta tell you, if you're a trader, I would take a heavy look at Dogecoin and just follow Elon Musk, just whenever he mouths off and he says something positive, just watch it spike, sell, wait it to drop back down, buy again. Not financial advice, but it will be interesting to see who does it. Tom Crown does that. Hork is always interrupting me while I'm trying to watch Bob. The nerve of the people, those sons of guns. Okay. Rob, try Marcella, just over the bridge from Laudato into Old San Juan. Marcella. All right. We'll go from there. JT's here. Let's see. If it was not expensive, they'd call it Puerto Pobre. That's funny. Yeah, I got it. Tom, send me a thing about, because there's some echo. It's because we gotta put some more furniture and then also something on the wall. No state tax in Florida, that's very true. Very, very true. Finally. It's about time. Bertie, we were just talking about EOS and we were talking about how the actual project, there was this big affiliation. I don't know if it was Apple or Amazon, I forgot what it was, but yeah. So EOS and Apple Pay, I think that's what it was. No, no, Amazon, Jeff Bezos came out and said that EOS was his next big, I'm just kidding, sorry, Bertie. Nothing's going on with EOS. Me and you were just gonna hold it forever. Yeah, Ray's got a good point. Raya Blockchain is down about 90% the past year. Sure, everything's just well. You gotta remember, just because the stock is down doesn't mean that the company is the worst of all time. Here's a prime example. I remember there was a great story about Jeff Bezos. This was back in 2001, 2002, somewhere around there when his stock was just had capitulated as going down. It was down 95% and he looked at it and he said, well, let's see. Well, attributions are up, customers are up. We've got overhead is actually low. We purchased, he said like 30 or 50 more warehouses and we're expanding across the globe. Things are looking pretty good. I don't know why the stock is down but it'll rebound. If you would have listened to him at that point, it would have been pretty good. Not to say that riots is, you know, all everything's in the up and up. I'm sure they got problems and that's it. Yes, live within your means. It's very simple. Like, I don't look forward to many things. The thing I look forward to these days is just eating food. I do a one meal a day and it's crushing. So, that's all I look forward to these days. That and volleyball, which shoot, I got it going. All right, buddy, coming up on an hour here. Did I miss anybody's important questions? Oh, Jayman Chow. What's your opinion on Tether? FTX wasn't ready because a shitty auditor who can apply in Binance also. I know Bitfinex and Tether are in bed together. True, more collapse coming. I just won't touch Tether. As much as I complain about it, it's still solvent and it's still pegged to the dollar. So, that's all I can say. I won't put any money into it. I won't, so that's just me. And I think, and that's it, everybody. Can't wait to borrow each other more on your fix. All right, everybody, so that's it for today. So, look, if you liked today's video, give it a thumbs up. Consider subscribing. Everything we talk about is time-sensitive and that is it for today. Follow me on Twitter. I'll probably put out some nice videos on the beach today and that's it. So, thanks so much, everybody, for stopping by, especially on a Saturday. Thank you. All right, see you on the next one. Adios.