 Welcome to Digital Asset News. Take a look at top stories in cryptocurrency and digital assets, and bring about a bite-sized pieces. So today we're going to take a look at the battle of the billionaires as Mark Cuban and Elon must get into words. And Mark pretty much lays it out and says, look, we need to be using Bitcoin and cryptocurrency. That's actually a lot better for the environment than what you were talking about. So we'll take a look at that on top of just how bad this retreat or this little dip was as far as in the grand scheme of things. And then we're going to take a look at just how early we are as far as like people getting into cryptocurrency. And then finally, we're going to finish up with just a little bit of talk about maximalism, because I think it's important that we get this out of the way now. And finally, we'll take a look at that Vitalik Buterin burning 6.7 billion worth of Shiba Inu token and what that did to the price. So overall, those things is a lot, but first let's take a look at what's going on the market. Last night, just so you know, this is a different space. We were in Puerto Rico in the condo, and we're just here to meet with the lawyers and talk about the whole move over here. And I will be doing a video about how that all works. And I'll be getting together the lawyers, the real estate agents, the CPAs, business people, and then actually people who are with boots on the ground as far as a lifestyle here. I will put that all together as soon as I get all the information and I can bring it to you in one nice, tidy, clean package. So I will get that done. But right now, today, this is what we got. So last night, quite a bit of a dip. We got here in Puerto Rico, I did a quick video, and we were talking pretty much about Elon Musk and his tweet storm. Ah, really, the tweet storm is just one sentence and it dropped the entire market like just an amazing amount. I've never seen one word drop the market. But hey, it's crypto, and here we are. So right now we're at 2.11 trillion market cap, a little bit of a rebound from the 2.04 or whatever else it was. So I'm happy with that. And here's what we got with the prices. Still down, still green, or still red day. What are you going to do? And it's a bummer on because to me, I find this fascinating when we've got Mark Cuban who before in the beginning wasn't a big fan of crypto. And all of a sudden he's like, eh, maybe Bitcoin. And I was like, yeah, Ethereum can be a super computer. And then, oh, Dogecoin, we're going to set that in our Maverick's gift shop for all our sweet merch. So I mean, hey, it's something. But Mark Cuban comes out and says, look, you need to accept Bitcoin, because it actually helps the environment. And it's not just Mark spouting off, but when I think this is what it is, he references to good studies and it makes sense. And to me, this is good for the entire community because it's not just about, you know, getting things out there. It's about having a discussion. And it's tough to do that on Twitter. Trust me, I know. But when you come with facts, it's kind of hard to, you know, go against those. So Mark Cuban, here's the message. He goes, we at Mavs.com will continue to accept Bitcoin. Doge because we know that replacing gold and story value will help the environment. And what he's actually referencing is an article about the New York Times. I'll link that in the description published back in 2005, shed light on the gold mining industry. And this included, and it wasn't just like, you know, a little snippet off piece. They included tours of the gold mines in the American West, Latin America, Africa and Europe. States, some metal mines, including gold mines, have become the near equivalent of nuclear waste dumps. Did not know that. That must be tended in perpetuity. Rock mining generates more toxic waste than any other industry in the United States, according to the EPA. Agency S made the last year that cost of cleaning this up was $54 billion. So no idea it was that much of a carbon footprint. But here we are. But in all honesty, doesn't everything take energy? I mean, and people will talk about this like, they're like, Hey, look, I mean, Bitcoin takes a lot of energy. But so does run a bank. So does run this. So does run that. The question is, is how much using for renewables and, you know, how much is it really actually needed. And the next article really breaks it all down. It was, it was called Bitcoin does consume a lot of energy, but here's why it's worth it. And I'm going to link that in the description. You should read this article. It is fantastic by Dominic Frisbee. And he just pretty much lays out why it all is and he goes into the history as far as like Adam back and why he said that these things need to have monetary value and even takes a look at like spam and all this thing. It's really good. So I'll link it. You can check it out, but it just makes a lot of sense. And on top of that, it's good that Mark comes out because usually kind of only listen to your peers. Unfortunately, I mean, I can go tell Elon Musk that he should do this certain thing, but when a billionaire comes out, kind of helps out a little bit. And then just see and know if you're new to crypto welcome, just know that these dips are common, but this is a little more uncommon. And this decline that we just had, the reason why I say it's it's uncommon is because usually there's a lot of factors. And I talked about this in a tweet. I said, and I actually talked about this in the video yesterday. There's really four reasons why we saw a big dip. One of those was Elon Musk. The second one is that US, we owe our taxes today. So you're going to see a lot of people selling things to get into to pay their taxes. And people say, ah, but people already done that before. I have an affiliate with crypto trader tax and I can tell you that the biggest day that I had for all signups over the last three months was yesterday. So that's just me talking and extrapolate that out to, you know, hundreds of other people that are probably affiliates with crypto trader and you get my point. But the big thing here is that this decline that we just had from just April 14th to really today, it's a 35% drop from the Bitcoin high of 648 to Bitcoin low of 42. Is that are those numbers uncommon? No. And we can see them all the way throughout. I look at December, December 2017 for a year, December 2018 was down 84%. That's crazy. But it is what it is. And it's volatile. But if you believe in what's going to happen in the projects, it's not a big deal. You just go, well, it goes down. Last night I took a look at my portfolio and I was down. Bigly. Everybody talks about how you got to buy the dip. You got to buy the dip. But even to me, it's still hard to go, I'm going to buy some more. But you just have to, let me appraise that. You don't have to do anything. You don't have to listen to me. This is just financial opinion, not financial advice. But what I did, I bought a lot of stuff last night. And it's like, I've been doing this every time for these dips. Like the last one was again, the same thing Elon Musk tweet. It's just getting out there and doing the work. And when people come up to you later and they're like, oh, you're so lucky because you got so much in this crypto and you were so, no, I wasn't lucky. I did my job. I put the work in. And these are the fruits of the labor. So just kind of remember that as time goes on. And then lastly, just as I want to point out that I think the reason why Tesla and Elon Musk are putting all this information as far as like we need it for renewables and have a carbon tax. It's because of Tesla's sixth entry in the U.S. fuel credit market. And I'm going to skip all this up to the very last part. Tesla would generate the most lucrative type of credits known as D3s, which traded a significant premium to a larger pool of additional ethanol credits. So just remember that there's a reason behind the reason. That's really it. That's really what I think is going on. So let me know what you think of the comment section. Let's move on to our next piece. That is Mark Cuban. It is Mark Cuban again. And I thought this was interesting because Mark's like Bitcoin need dogecoin. But then he asked the question on Twitter, like who uses Cardano for anything? And in all honesty, no one was really using dogecoin that much until you brought a use case for it, which is to Mavericks merchandise. I know people will say, you know, but for charity and for the things, sure, that's true. I don't have nothing against dogecoin. I don't really care. But when Mark here is like talking about like, what's the use case? Well, Mark, you gave it a use case. You accepted it for, you know, your merchandise. If you do the same thing for Cardano, the same thing. And then I thought it was a pretty good back and forth. And Charles Hoskinson, the IOHK, he put a nice little video and just explained to Mark what's so great about Cardano. And then Mark comes back, he says, he goes, well, first Charles says, seriously, Mark, it was a friendly invite. So you invited him up to his ranch in Wyoming. He says, but if you want me to pitch Ada over Twitter, okay, we have 5 million students in Ethiopia, thousands of assets, they show in Cardano, a nice DAP ecosystem brewing for a smart contract launch. And people are right, smart contracts are not available right now to Cardano. And it won't happen until August. So we're looking at two and a half months. So yeah, you're right. No one's really building. I mean, they're building, but it's nothing really live. And a new VC model with Catalyst. And then Mark just says, that's great. I'm happy for your happening in Ethiopia and thousands of assets included. Let's talk when the platform stops brewing and starts serving. Not saying you can't do well. Just saying you weren't there yet, but you're in an ETHOG, why no smart contracts start. It's a good point. And then of course, Charles can come back and go like we're very regimented. We're trying to, for sustainability and adaptability and actually so we can scale things and to make it actually function because we just saw what happened with Ethereum and their crazy gas fees. He'll come back and it'll go from there. The big thing is you have the discussion. You have the discussion. You don't call each other morons and idiots and just ridiculousness that we see on Twitter all day long. And I think it's good and hopefully it'll all work out. And again, I think Pardano and Ethereum can do really great. I think Avalanche can do really great things. And Tezos and all the different smart contracts. There's room for more than one, that's all I'll say. And that leads me to my next point. Two things. First of all, maximalism. Let's kind of drop it, can't we? Even I get caught up in that, even on Twitter. So I have to remember and Raul Powell said something very smart. He said, Bitcoin maxis are the problem for the space. When people are getting in, they listen to these people and it gets very negative. So just kind of just, you know, be like, hey, it's okay. And I made this example like this on Twitter. I said, and the comment was, I'm bullish on Disney Plus. And then the Netflix army comes out and says, you're an idiot. Netflix is the best documentary. There's more viewers. Prime Video Army. Prime Video says, you're so dumb. We've got way more independent movies and we're built on Amazon. You idiot. And then me, I just says, hey, you could have all three. It's not our team of advice. And the reason why I said this was a joke to just kind of say like, who cares? You know, you can have all three, like I own Cardano, Ethereum and Avalanche and a bunch of other different platforms. So what is, who cares? So just kind of just go, hey, if yours makes it great, I think mine's going to do well. But hey, you know, gentlemen handshake and then let's see who wins the race. And that's really shouldn't be it. I think if we can do more of that, I think we'd be a better place as far as like accepting new people as they come in. And speaking of that, there was this one from Sam Rid, Mishra. He says, I'm glad to see how many people now as compared to past cycles know about crypto. If you talk about the use cases, not only on Twitter, but also in the real world. And before we wrap all this up, I just want to say this. So the whole thing about this is that in 2017, when everything just went to the moon. I remember everybody talking about Bitcoin and crypto and everybody was talking about it. And as soon as there was a crash in 2018, nobody talked about it. And even my friends, you know, it comes to me like, hey, how's it working out for your genius? And you know, didn't, of course, it was tough to swallow your pride and go, yeah, I didn't really do too well. But I think it's going to come back. I'm a delicose average like, okay. So the thing I want to talk to, to speak to is that I think when people talk about cryptocurrency and, you know, and they talk about Bitcoin and whatnot. I think what the real message we should be is we should probably just kind of get away from the cryptocurrency part. And at least I'm going to try to do this. You can do whatever you want to. But an example of this is as we get new people in, they're still confused. So like we picked up my wife's friend yesterday from the airport in Puerto Rico and we're talking about cryptocurrencies. Like, yeah, I saw that on the news and when they talk about it, you know, like it's currency, but I don't understand because I have a dollar. So what's the point of having a currency online? Same thing. And I was like, yeah, absolutely right. And then, so to actually explain it, like, if you really want to break it down like that, now you're going to start to talk about the Federal Reserve. And, you know, that little nonsense quantitative easing. And then you have to talk about all the fractional reserve lending and how it's important to be on bank. It's very difficult to get in that conversation to really to make it simple. Like I just said, it's like all about stores of values, right? Gold, silver paintings like this one back here. I don't know who made this. But I mean, those can be store of values. It makes it a lot easier to explain store of values versus cryptocurrency. When we're talking about digital assets, I go, it's like, you know, like any kind of that you can buy online that would be considered of value. So even think about like airline rewards points, you know, that would be like a digital asset type of thing. And I guess in some way it would also be considered a currency. So I just think it's a little bit easier to, you know, talk about instead of going, it's a cryptocurrency to say stores of values digital assets because we've got so many people coming in. I just want to make it simple for everybody. You can go as deep as you want to, but I think it's just easier for the day. And let's just finish off with two things before we get going. First of all, today's the last day to pay taxes. This is the last day you're going to hear me talk about taxes until next year. So if you're looking for some help, use CryptoTrader.Tax, links in the description. Dan, you should get 20% off. And I just paid mine and it sure did hurt. So I can really say. And then lastly, I just want to talk about Shiba Inu. This is mostly from my friend, George, so we can, hey George, just because he's a big investor into these dog coins. Just so you know, Vitalik burns $6.7 billion worth of Shiba to our generous hodlers. And this is what he said. He says, I've actually been impressed by how the dog token communities have treated the recent donations. Vitalik just donated a billion dollars worth of Shiba Inu, which was gifted to him from one of the founders. And he put that into India, COVID-19 relief, which I thought was fantastic. They didn't want to do that. The founders and co-founders, but he did it. And look, there's people dying over there. So I can't, I mean, that's great. He says, plenty of dog people showing generosity and their willingness to not just focus on their own profits, but also be interested in making the role as a whole better. I support all who are earnestly doing that. And because of that, because people weren't like, you know, damning him to hell. He said, hey, thanks so much. I appreciate it. Let me just burn the rest of my, and he burned $6.7 billion worth. So that should do a little something, something for the price. Just so you know, Shiba Inu is ranked 22nd. And it was just listening on Binance, which really helped it to go up to the moon. The last 24 hours he saw go from, I can't even, I don't even know this number. 0.00001259, and it went up a lot. So I can tell you. So last 24 hour, one of 5%, 7 days, 90%, 30 days, 2000 plus percent. So just so you know, if you're looking into those coins, that probably is a catalyst, especially as things bounce back, but just financial opinion. Okay. So that's it for today. Look, I know the audio is not fantastic. We're in the condo for the next 5, 4 or 5 days. It's probably going to be like this. We'll probably meet up with Ryan and Alex and Weston and the crew today. Maybe a little Lucas, if he gets that time. Not today. It's sometime this week. I got stuff to do. And that's it for today. So thanks for watching all the way to the end. I appreciate it. Like the video, give it a thumbs up. Consider subscribing. All that great stuff. See you on the next one.