 Welcome everybody. So it looks like inflation came in pretty much as expected And it's not surprising because the Fed has been doing its darnedest just to lower these rates and Looks like it might be good for the market. So what we're gonna do is we're gonna take a look here at What's happening? And I got to tell you I know honesty. I do love how We have The different analysts that will come out and say no, no, it's gonna be high No, no, it's gonna be low. No, no, it's gonna go this way or that way and all honesty Nobody can be a hundred percent sure and this is a little articles that I picked up a little bit ago From this was yesterday and you can just see that some people of course It doesn't matter the analysts because they're always gonna go and say well This could happen and that could happen, but in all honesty again Nobody really knows and of course, this is what happened. So CPI it looks like an increased 0.2% seasonally ingested and rose 3.2% over the last 12 months and the big thing is is that? You know, we have seen a small bit of uptick, but it's not massively Damaging I think this is pretty much coming in at expectations and things are looking pretty good So What does this look like? Well right now? I mean in all honesty, I know people hate the Fed But in all honesty, they did a pretty good job So in August doesn't 22 we had a rate of 8.26 percent for inflation and they said all that time ago Look, we're gonna do what we have to do which they're tools that are supposed of course raising rates and of course for the Treasury stop printing money and Do a little quantitative tightening and then one from 8.26 percent to July to 2.97 percent I was happy and now we get that uptick of just point two percent So inflation is sticky. It will be hard. So when people talk about you know what? They should pivot right away. They should start raising those or they should start cutting those rates and I look at this I'm like, yeah, maybe not so much. So what did that do with the markets? Well If we take a look at the five day for the S&P 500, it's down a little bit But as of this morning a little bit of a rebound looking pretty good. Let's see if I can do the one day Hey, look at that markets happy Nasdaq is happy up a little bit as well and our markets not that much really so in the last 24 hours, we can see that bitcoins down everything's down a little bit by the last hour Still the same thing except for my favorite my new favorite coin dogecoin it's up a whopping 0.6 percent sheba unit 1.5 percent and Also, we take a look at the the DXY the dollar there was a little bit of a drop-off But it looks like it's not really a big deal 102.24 so Holding study, but it has come down over the last Six months or so of a high of 111 So the dollar has losing a little bit of strength and and all and all honesty I know people will say well, it's bad. It's not bad for Bitcoin if There's a nice little correspondence when when the dollar weakens Bitcoin goes up because it's a hedge against that right and We can see that over time Dixie goes up Bitcoin goes down but all the way back to 2013 When we had the Dixie at 83 Wow Then 2014 80 point one one Dixie goes down Bitcoin went up all the way up to from $13 to $1,100 Same thing here in 2017. Dixie went up in 2016 that it going down And also in 2018 Dixie went down Bitcoin Same thing over here. We can see in 2020 the 2022 Dixie goes up Bitcoin goes down Of course, that's what we're kind of stuck at right now and that's where we're at so the big question though is how does this work like untrue flation and This is why I Invited my friend Steven Ross to come on and explain what the heck is going on Steven. Welcome to the show. Thank you Thank you. Glad to be back. Oh, it's good always good Yeah, we got a little bit of a cross-reference there a little bit of the links mixed up But here we are talking again about CPI and what is we I don't think we've ever I don't think we've ever done this Where we talk about it live because this was just released Roughly two hours ago or so Yeah, so what do we got here Steph? What does it look like and then talk us through because you guys put out a report recently Which took a look like this Just talk about the highlights of what this means and where we're going. That's the big thing That's what everybody wants to know. We're we're we going is my are my bags gonna be pumped or not? I Don't know about that. I mean We we all want our bags to get pumped and I'm happy about the green candles that we've seen this morning Yeah, so that's that's pretty exciting, but you know all in all I think, you know We're we're in the summer holiday I think a lot of people are spending a lot of money everybody's employed and so as a result We feel comfortable and confident that we can afford going on a holiday because our longer term expectation is That we will be able to afford this holiday and we'll come back to a job That will allow us to pay off our credit card debt Savings are pretty high at the moment credit card debt is higher, but still as a proportion to savings. It's still pretty It's it's it's it's very it's it's we call it there people are revenge spending right now Right, I mean, I haven't spent for the last two years now I want to go out there and spend and draw down on those savings that I've accumulated over the last couple of years where I wasn't allowed to spend too much I Got you so so we know that it sounds like things are strong And the economy the US economy is stronger than what I thought I would actually do I really did think that we were gonna see more and who knows I mean, we're only in what is August 10th today So we still have that last quarter to go to see if we hit that recession or into also Q1 2024 but talking about talk us through Actually, I think it'd be best to talk us through this report that you had put out recently and I mean expanding on the things you already talked about I Mean we I mean I can go through it's a 13 page report right now I think everybody needs to read the full 13 pages, but You know the economy is growing. So the US economy grew Significantly in the last quarter from two percent to two and a half percent But that growth was really a result out of inflation, right? We think that the growth is because of the price increase in prices that has resulted in a Economic growth and that ultimately yeah, you can see there that ultimately has has created a bit of an illusion that we're seeing actual progress and productivity gains That said, you know where we see the price increases happening a lot has been in food the food space number one is hot Weathers has reduced the supply in food in the US and food is a big category in terms of spending Yeah, so you go here you go to Food and beverages right at the top And then you can see food is a significant component to that and we've seen an increase in food You can see that there at the end there in July all of July We had a big spike from June all the way to the peak in July Yeah, and that's really come because and by the way remember our data is in real time So what you're seeing here has at least a one month lead time to the data set that the BLS has Hey, yeah, so real quick so everybody So it's that's that's here this morning. Welcome Just you guys know there's a link in the description for a true flation TRU FLA Tion.com very simple to find it's a hundred percent free You can check it out and I like to take a look at it just to see where we actually are at as Opposed to the narrative that the Fed will give us and of course I mean some people don't trust the government crazy I know and some people do but I think it's it's best just to get a little bit of a different perspective So when we take a look at this it does help me to kind of figure out like did are we going too far? And what's gonna come next so Seven do me a favor like we talked about before but an overview of how you guys get this data so quickly I know you guys use chain link as an oracle to pull in that outside data, but you can just talk us through this Yeah, no, sorry. I just realized that we were going down We were already so far into the story that we didn't actually set the stage what we did is we built out true flation and true Flation was we felt that When the government shut down the economy printed a lot of money that inflation was gonna come and having Bureaucrats tell us not to worry. We got you covered and inflation's only transitory We just felt that that was not accurate And so we looked under the carpet and realized that it's very it's collected manually. It's with a one-month time lag It goes back six months and edits the data so how could we build and take a developer mindset and Provide transparency to the way the data is calculated and the way it's aggregated So we went out to now today. I think we have some 60 plus different sources of data You know, we have 30 there, but we have about 60 different partners that supply us with data sets We have our 18 million items that we track today True and of those 18 million items each item has three Individual price freaks so that we can ensure accuracy and reliability associated with one price for one item and then we bucket them into 12 categories or Multiplitude of subcategories that lead into the 12 categories that you see and that Build up to be the top line CPI and this gets updated daily So we pull this information daily not all data sets come daily some come with a weak lag Some come with maybe a month lag like real estate is a bit harder to get to on a daily basis and compile that daily But we actually now have that pretty much daily the housing market data The food data is very accurate Transportation comes in maybe on about a weekly basis utilities is real-time Etc. So we just have a whole bunch of different feeds and sources of pricing information and This is our methodology. So because we get the data real-time We have a very big difference between that of what the BLS announces and that what trueflation announces number one We also track 18 million items versus the 80,000 items that are tracked by the governments and Yeah, got you go on and on I mean there are lots of different value propositions But yeah, and that's why we have a differing number and we built it more to Reflect what we feel when we go to the supermarkets when we buy a new car when we go out there and and this Seems to be resonating really well with what people believe is more an accurate reflection of the truth Right, you know what like I mean, that's that's one of the points. I like about it because we know that Let's be honest. Yeah Jerome's not gonna look at trueflation He's just not gonna do it and then it could because he I mean he might but he's not gonna report on it That's for damn sure so I'm waiting for the day that somebody asks him after the you know when he comes out to press conference What do you say to the trueflation data? These are like, I don't know And then we're gonna hire for longer and he's gonna just go blow right past it but I gotta tell you like because When I think about it, I think to myself, okay Well, the feds not gonna look at it. So I'm not gonna base things on it However, when I take a look at it, I can see like you talk about So if the feds going to take a look at these outdated info, it's still info and they're doing a I gotta be honest I think they're doing a pretty reasonable job as opposed to a lot of different government Agencies so I gotta tip my hat to them. They're doing what they're supposed to do They're not gonna look at trueflation. But why I like to take a look at is go. Okay We know at some point these numbers are gonna hit them So it's like I'm I'm doing a run on On the Fed before the Fed really gets it So the Fed gets it they get this old outdated data old outsourced data And then when the trueflation comes or the data that they actually that you guys have right now At some point, they'll get that data and they're kind of move this way So if I look at trueflation, I see that the that the inflation rate is Going instead of going down it is going three four five six percent But the Fed comes in and goes no no everything's going down I know that in another month two months three months They're gonna get this data that you guys have and now everything's gonna get screwed up So that's why I like to take a look at trueflation because it feels like I'm kind of running on them a little bit faster Is that I mean is that pretty much reasonable to say? Yeah? No, I think that's that's an accurate reflection and that's how most people tend to use trueflation as a leading indicator To where the Fed is going to come out at But I mean given given your comment really early on was you know, I think the you know, believe it or not the government is actually aware of what we're doing and You know the US is way more transparent than any other government around the world And they're doing a really good job and at the same time They're also we for the first time actually received a request From the Bureau of Labor and Statistics to see how we could work together and how they could use our numbers And so we're pretty pumped about that and you know if they change their attack and seem to sort of want to Have more accurate fresh data versus stale data as we call it You know all the more we can help them achieve that would not be awesome Hey real quick before because I want you to sit in with me because I mean how Stephen how long have you been in the crypto space? It's been like like forever, right? No, I've been in since in cryptos in 2012 I got into Bitcoin. I Had a developer agency one of the developers wanted to get paid in Bitcoin. I then Checked it out bought my first Bitcoin and then was hooked immediately when I paid Across the other end of the world instantaneously at no fees. I then became the CEO of Bitcoin comm And I scaled that to 20 million wallets 500,000 merchants around the world that accepted Bitcoin Bitcoin cash and Ethereum as a payment for goods and services physical a Retail outlets and that was amazing, but that's when and we scaled Bitcoin cash to number four in Market cap it was all the way up there and the unique aspect around it was our payment rails We could settle payments instantaneously at nearly zero fees and And so that was really our pride. That was really what we did you could go into any merchant and We built out POS wallets as well On on a mobile phone. So in any country you could just download the app have it on a mobile phone And your staff could be walking around in the shop collecting money on their mobile phone Which would then get sent to your as a restaurant owner, for example, it would be into my wallet and Yeah, and the tip would stay with them, for example, and you could build all these functionalities around that So, I mean Stephanie. Yeah, I mean you've been around for quite some time You're most like a friend of a friend of the show Simon Dixon He's been in since he said he bought Bitcoin at $3 Good for him. Thank the future all stuff But so you've been around we've been around you've been around longer than I have and you've seen a lot of different things But remember back in the day when Roger Vera came out. It's okay We're gonna and I've had Roger on the show once for sure. Yeah, I mean But in 2017 everybody hated his guts, right? They're like, how dare he you know and go against Bitcoin So wait, I mean you've been there and seen how it all works out But how do you see the market going now because like it's way different than all the way back in 2012 2013 Where do you see things going and then then we're gonna get in I want to get into a couple articles with you about some the PayPal stablecoin and also Microsoft and a new a new crypto called Aptos. So how do how do you where do you see things going these days? so I think there's So, I mean what we when we set up crypto or when crypto was first established there was a big desire to separate state and money Right and and that was sort of the big the brouhaha. That was the evangelical move and You know today if you look at where we're at we have two systems running in parallel We have this new economy around financial services that is now greater than one trillion dollars from a zero Bitcoin startup to a one trillion dollar industry Is it separating state money not quite right? We're not quite there yet But I think what's Ethereum brought about was a whole change of separating governance from governments And so we have these two ingredients where we have our own currency and people are beginning to trust this money And you don't buy trust right you have to earn trust and trust takes time to earn and I think Bitcoin Ethereum these longer living coins have sort of established a trusted relationship with Society around the world right look at everywhere you listen Bitcoin Bitcoin Bitcoin Ethereum Ethereum So those names pop up all the time and I think where we're at now is We need to decide do we want to create new systems? Leveraging the new money and these new governance tools, or do we want to make these systems work for the old system? and And I think we're at that inflection point, and I don't think we're clear on We're so lured by all the liquidity that sits in the old system Yeah, we're very reluctant to build out these new systems because we're worried about going to jail We're worried about you know Gary Gensler coming after us Right, it's like and and and I don't think we've decided which direction we're gonna go You know it's a good point because this thing that I worried about with this Bitcoin ETF And I've been very vocal on on the channel about it and it seems like and I know some people say well We need this Bitcoin ETF and that's true I mean it'd be nice to have a spot the ETF But remember when the futures ETF came about with the CBOE in December 17 2017 I mean pretty much crashed the market and the reason was because you know the traditional finance came in and said We're gonna short the living hell out of this and they did a great job. Let's be honest with this spot ETF Yeah, with a spot ETF. I mean people say it's gonna be great and everything else. I'm like trad fi There there is a reason why they're getting into it It's to make money off of it And it's it's a reason to gobble it up and I get worried about the kind of direction. We're going I see it I feel it it's like do we want to go down this trad fi route and numbers go up and everybody's happy Or do you want to kind of create this new system? moving forward so It concerns me Stefan it concerns me and and I hear your concern and I flip flop between The two opportunities right and and I think what's changed in a lot of this dynamics is also the I mean the US the rest of the world Yeah, it's tried to close out all the choke points which and We're trying to now build out regulated solutions using crypto and the blockchain e.g. The PayPal does your stablecoin, right? Old technology. I mean there. Yeah, anyway And then there's the rest of the world that you're still seeing innovation They're trying to innovate, but there isn't the liquidity outside the US yet in other currencies that people have faith in right? So right almond off ramp with the to the US dollar was critical And I think that choke point strategy that Gensler drove is the right one for protecting the incumbents And the fiat world right and it's made it it's made it really challenging for the rest of the world So much so that I think Bitcoin at the moment. Yeah, I mean I worry every second day, right? It's like really are we actually going to become a Technology that facilitates the incumbents or are we going to be a new whole new industry that provides much more? You know much more inclusive services more transparency, etc Yeah, exactly, you know, it's and then we'll get the article in a bit in just a second But I will say that I had yet Suwan. He is the founder CEO of Anamoka brands a weird guy Super super smart. Yeah, and he explained web 3 like I've never heard anybody explain it to me I mean, so I I'll I'll link the video in the description but one thing he's that stuck with me is he we talked about web 3 gaming and The people that in America versus the rest the world Asian market specifically and he said look he goes in Korea in Japan South South Central Asia Southeast Asia He goes everybody just accepts it that web 3 is where we're going and they use these these platforms And it's like not a big deal and they actually are they're actually welcoming to it He goes but in America is totally different and he says he goes over here We're trying to escape that mentality, but it's very difficult So over in in Asian markets and things like that He goes we're really focusing on over there and that's where the next liquid is gonna be just like what you talked about before So I'm like I'm like I didn't know the problem with me. I have a lot of problems But the problem with me is that I'm an American and I see it through an American lens So I am grateful for people to come on a show and say it's not just America Rob Which I know you think it is but it's not it's a lot of places over here Yeah, I mean and And I feel the US is very keen to So there's also conflict with a lot of the developer and the crypto ecosystem in the US right on the one hand We want to protect the US and protect the US innovation and innovation has to be in the US Versus actually I care about the innovation more than I do about my nationality yeah, and and and I think that's that's that's a conflict that a lot of Developers builders Crypto holders in the US struggle with right and I think one thing that Bitcoin has done really well. It has bridged that gap. There's no more innovation needed It is the innovation And so yeah, and so that's their view right and so but in the Ethereum on on on base on we still want to innovate We're so early on in the power of what On-chain smart contracts can do Decentralized databases. What can all of these things do? I think it's it's we still are at the nice, you know Early stage of that does the US want to be a part of that new movement and will it be governed by new brands? And I think you know, that's that's gonna be a Challenge to how to incorporate that and include that and be a part of that Exactly well said. So let's so everybody if you haven't known this is my buddy Stefan rust He's the CEO and founder of trueflation. There's a link in the description. You can check it out What I like about trueflation, of course, you can look at USA And you can also look at UK and see the inflation right there Fortunately a friend of the show guy coin bureau is getting rocked right now. That's a whopping almost 11.5 percent but hey much better than 21.75 percent just a little bit over a year ago or less than a year ago So I think things are looking bright over there. They've reduced it by half So congratulations and then to to get into today's two stories I just want to talk about and we just touched on this about regulation in America and where things are going and old traditional finance There's two things Maxine Walters says she's deeply concerned about PayPal's new stablecoin and then also there's an article about aptos labs Pridering up with Microsoft. So real quick. I'm just going to read this off. Stefan will get your thoughts in a bit If you don't know Maxine Walters, she is the top democrat on the house financial service committee And just like what Stefan had said, you know trying to Not get or not allow a a flight of funds outside and to protect the dollar. This could be an issue So Red Maxine Walters says she's deeply concerned that PayPal is choosing to launch its own stablecoin while there's still no federal framework For for regulation oversight and enforcement Walters know that PayPal has four and 35 million customers around the world More than the number of online accounts of all the largest banks. I didn't know that Let me just read that again. You know that PayPal has 435 million customers around the world more than the number of online accounts of all the largest banks combined. Wow so well That's a global business for you That is a global. I was just thinking about now. They're only going to launch this in the usa But if you have a stablecoin I'm assuming that and then you have your own wallet with PayPal You just are accessed cap access to all of the different dexes that are out there and do whatever you want to But we'll talk So given PayPal size and reach better oversight and enforcement of a stablecoin operations is essential or guarantee consumer protections Love that word and alleviate financial stability concerns Mostly for Dixie the dollar moreover the republican bill undermines the fed's role as our central bank making it harder to protect the economy against inflation Or support maximum employment if stablecoins are broadly adopted seven. You've been here for a long time 2013 How do you see this playing out and what do you think about the comments here with uh, miss walters Yeah, I mean the funny thing as well and and I'm I'm not a hundred percent sure but I'm about 80 sure that PayPal is working with paxos Yes, you're right. Right. So And remember paxos was taken to court for issuing the body nance the b usd the binary stablecoin And so why is all of a sudden packs and they were taken to court Also for the way that they were hosting and providing custodian services Versus minting the coins and doing the attestation for exactly there you go. Yeah, that's right. I forgot about that So do you think this is going to be the same thing that's going to happen again? They're just going to take PayPal to court and say hey, you can't do this I don't know. I'd say there's a bit of national bias there, right? The PayPal is the lesser evil. I know PayPal Um, they're my buddy. They helped me build out an alternative and the competing Coin to that of the b usd And yeah, we'll we'll give them permission to do that. I mean that that's the sort of you know, sort of maybe the you know The tin hat sort of thinking Oh, no, no, no not here. You're You're good to go All right, so but but yeah, I mean, I don't know I mean, I think it was using old code as well, right? So the solidity code that they were using they were using old framework and an old version of solidity They have control features. The admin has unlimited capability to mint new stablecoins So there are elements in there that thank god for the transparency, right that You know, we can see that and then that puts a cautious eye On to this new stablecoin However, that said it's their first attempt You know Who's to say they won't issue a second version a third version down the road an upgrade and then do a swap In and out of that pay usd into v2 into v3 down the road, right? I mean Right, who knows what's gonna happen. I will see yeah, I will say this they're They're doing a better job. I think already they're keeping their their funds separate From it's supposed to be backed one to one for the dollar. I think they're only gonna have the dollar I know like we just touched about and then real raid boss says PayPal is not evil. PayPal's not evil companies are evil. Sometimes they just do wacky things And I know when people say oh, it's awful because PayPal can they can they can freeze accounts and and they can reverse transactions Listen, if you look at most of the of the stablecoins out there They could do the same thing We just saw that with uh, there was an article we covered about cz finance Where they they halted a transaction on tether because of it was a hack and they found it which is good But you know What's to say they can't do anything else and that's also the same with usdc any thoughts steven Yeah, no, definitely. I mean I I definitely I mean the whole What I loved about crypto was it was immutable and it was censorship resistant anybody could participate in this And and the people didn't like the immutability But if you were an e-commerce in the early days of e-commerce if you remember you would sell things services on online And you people would pay with your credit card But then they would dispute the charge when they got the charge and then you as a merchant sold the goods And you didn't get your money because of the You know the claim the the actual owner of the credit card Disputing the that they received the goods That's right And and so all of a sudden for e-commerce this immutability was perfect So you would only be very cautious about paying. Am I ready to pay? Can I pay and I think especially if you're in the adult industry they were suffering big time from this right and Um, yeah, that that is also true Yeah, so so everybody just know that there's a little bit of there's a little bit of evilness As it were everywhere, but uh, nothing to take home with the bank and then lastly And if we talk about innovation and of course stephanie said it perfectly. He said, uh, we shouldn't get nationality It's all about the innovation should be over the nationality itself Uh, there was a piece that just came out. I was looking at the the charts yesterday And I saw that aptos was up big time. I go what the heck happened with aptos aptos labs Is expanding these tools and service using microsoft's ai tech So it looks like they're partnering up and in some way shape or form aptos surge uh, 15 percent Aptos is leveraging microsoft infrastructure to deploy new offerings that combine ai and blockchain using a new chatbot called aptos assistant Which will answer user questions Chatbot is powered by you know, this isn't as big of a deal as I thought it was by fusing aptos lab tech with the microsoft Azure open ai service capabilities We aim to democratize the use of blockchain enabling users to seamlessly onboard the web 3 Innovators that apply new exciting decentralized or dapps using ai and Okay, so they're just integrating with the ai Porsche to microsoft and we can see that If here's the thing about crypto if you're if you're playing the numbers This is the last 24 hours Never chase a pump Never chase green candles because I went from 778 out of 729 and today it's at 739 not a big deal, but over seven days If you knew that it would have been pretty great. You would have gone from 670 to 775 which is pretty good gains But again, don't chase pumps. Uh, try to find a Project that you believe in you believe in the community and just work yourself from there over the long haul things are better Stefan, what do you think? I I couldn't agree 100 percent, you know, so they're really Spot on I think they you know when I saw that announcement It's like, okay. They're moving it on to a sewer. Okay, great. So they're they're porting that across to their cloud system Microsoft needs to do something on their cloud business I think the cloud business isn't doing as well as that of google and that of amazon, but Neither here nor there and then using a chatbot Using an ai agent for chatbot. I mean, yeah, I think that's not really worth that innovation Or not really very innovative But to your point really I mean one thing that I I I love and I think all of us around the world really aspire to is The us was always known for innovation. It was always open to innovation. It was always open to new ideas new New thought process as and open to disruption. We reward disruptors. We welcome them and so as a result That has changed maxine waters, but you know, the whole democratic or the whole, you know, senate I mean the whole congress. I mean everybody there's 80 years old They're boomers paying to boomers servicing boomers, you know, it's like I mean it's like really we've missed the whole concept of Where and what did we stand for? We would go west, you know, it's always we frontier new frontiers new boundaries And if we can't go west anymore, we go into the internet, right? We create electricity We create mobile networks. We do all this innovative stuff How do we foster that innovation and build a nation where that innovation can flourish? That's really what I care about because the biggest time of innovation was during the dot-com days in the us And if you look that is when the first time the government had a budget surplus Why because people were paying taxes people were earning money. They were paying income taxes They were going ipos. There were salaries going around. So the economy was flourishing. Okay, there were a lot of scams in there There were a lot of bad duds in there But out of that came big brands like amazon ebay, which ultimately led to paypal Which which has bain tree, right and all these new companies that came out of that period Of biggest boom time out there which resulted in government budget surplus government budget surplus that's the thing though, but but Stefan what you talked about there was innovation and was allowed to flourish and I think it was law 230 which allowed the internet to kind of gain foothold and actually go forward the problem is now is that we don't have that We've got a a guy in in the sc in the uh, the scc gary genser who's pretty much said like look I think everything is security except bitcoin And i'm going to go after that for consumer protections because I want to be that guy I just don't think that we can get past it Especially in america and that's why everything's fleeing across the pond. That's why the you know the project we're doing Our lawyers already told us don't launch in in the us because it's a dead. It's a dead zone That's really it's it's really sad to see and it's it's mainly because the incentives are misaligned We've we've structured the incentive the incentives have somehow shifted towards rewarding the retention of power and not the disruption of power How do we shift it back to rewarding the disruptors and and the checks and balances in place? There's no more again. So does what he wants. He says oh now he's got a committee Remember he was on this interview and tv somewhere and and it's like oh xrp Oh, it's not only up to me and now he wants to go after a i saw an article the other day He's wants to go after ai now to our cryptos less important. I want to go after ai right and so Oh, it's just it's any new technology to make sure that he retains The power and everything needs to go through the sec So every little new widget you have to have a lobbyist You have to have a lawyer. You have to have you know Accountants you have to then do the filing. So you need a consulting firm to help you do the filing in the standardized format that goes through a archaic You know old computer that was built in 1950. So it can be read properly. I don't know. I'm exaggerating Stevin going on the rant watch out Okay, so so everybody we've gone 37 minutes I'm gonna go over a couple of questions and I understand what's gotta gotta get out of here at some points But uh, let's see. So d slice puts this up. He says aptos token unlock in a day and All right So maybe that was the the the point of the pump and the the announcement There's always something behind there's a story behind the story every single time I hear about this If you want to figure out the tokenomics and when the unlocks are there's I think there's a website called Just it's called token on unlocks.io. I believe but if you're Also looking you can go to coin gecko the one that I always use. It's free and uh under see this little tab here It says tokenomics you click on that and then we can see the allocation You got investors 13 foundation got 16% the core contributors 19 community. That's still not bad 51% for the community. I'll take that I've seen some ones where the community is like 10% the founders like 90 And then here's I'd like to look at an aptos right so aptos set up as a uh an equity company in the beginning and then outsourced the The question is who owns the ip? Is it the foundation that owns the ip or is it aptos equity company that owns the ip? So there is a website agave You can go to the usp to you want to say patent and trademark office. Let's take a look I don't know a lot of times when you take a look at these things. There's a lot of That are just a little bit off and it might let's see You can see you'll get stuff stuff like this like aptos california Here we go aptos corporation Yeah, see so so all the ip is going to the corporation So whilst they give away 60 of the tokens to the community The ip is not with the foundation. So what is actually the community owning? Oh, I don't know See that's that's the this is the thing the community may go back to maybe they're going to start a dow Maybe it's or maybe and this and what I just showed you guys may not be only that's actually correct because there's like a I don't know. Yeah, it was that was new york anyway, right? So yeah, probably so We can I don't know can mean well. Here's the unlocks first of all Yeah, what the date is august So june 23 I don't see any unlocks. No, I don't like that. I've got june 23 june 2023. That's gone july august september So this is what we have. October. There's something october october february. Yeah around there. Yeah But you know, if you look at this, it's not too awful It's not a vertical cliff Where you can Dumb a bunch of things it actually is pretty reasonable. I think community and core so Now, well, that's what it is. How about this? And so says this is going back to Azura, microsoft and aptos like salana using chat gbt again if you integrate, maybe it's just Stefan remember remember the buzzwords back in the dot-com era you'd have like crystal light crystal light put like Or no nesty. It was nesty.com and their stock rose like 20 percent a day But they had nothing to do with it. So this might ai be careful with ai because they just put it behind their name It could just be another a pump This is a question for Stefan soft landing or hard landing Good question Very difficult to read. I I think we're gonna have a middle landing, right? I think we're gonna be in between Um, the two it sounds very boring. Um, not what people want to hear Um, I don't think we're gonna have a soft landing I think at some point the debt bubble is going to blow and I think they're just and I just I don't know when that is and I think when that blows People with crypto are going to be very happy Um, I I definitely tend to believe The balaji theory where Yeah, sort of, um Yeah, I think the hyper big coinization Is is definitely a trend There I think there's no accountability. There's no feeling for Whereas we all have to live by, you know, if we can't make the bills If we can't pay the bills, we have to file for bankruptcy. We can nobody's gonna give us a loan anymore If we don't have a credit score, we doesn't work How can all of these governments just get away with No accountability and the budgets are only growing and growing. It's not as though they're reducing Yeah, I have to agree. It's just and that's I know people will say well, that's a very boring answer Stefan told us, you know right there, but in all honesty, I like boring. I like boring because I don't Me personally, I'm just slowly playing the long game. Everybody knows this on the channel dollar cost averaging I don't see much activity happening until 2024 with the big one having an april moving into 2025 maybe 2026 So again, we'll all see So well Stefan we're coming up in almost 45 minutes again, everybody check out the website itself trueflation.com 100% free front run front run the fed Get all your data get all your data up to date because I don't think they do but Stefan Any last words of wisdom since you've been around since 2013 and the crypto space? No, I think you're you're spot on it's it's like, you know, the industry goes through ups and downs and every time each down has I call it sort of, you know, the tourists fled and we have a new bunch of immigrants and each time the community's grown and the community holds together, especially the ones That want to hold out and and really enjoy and and meet great people great new people that in this industry And they transpire In hard times So when the going gets tough the tough get going and the tough hold together and I think we're in That kind of an environment we have been my yeah, and and I think be wary of of any, you know, sort of New money coming in it's going to be a quick win, you know, just be cautious of that And there's nothing's easy in this world, right? If it's easy There's something wrong There's something wrong another thing is if if we're all thinking the same way someone isn't thinking so this is good to move forward All right, everybody. So that is it for today again trueflation.com Stefan welcome back to the show We'll have you on again as everybody seems to Like the things that you were talking about so everybody you like today's video like and subscribe all that good stuff And that is it for us. Thank you. Thanks Rob. Love it again. Okay guys. Good day