 All right, buddy welcome digital asset news or Dan for short. My name is Rob and today just need to discuss about the things that are going on Of course in the markets Fortunately rug pulls scams and frauds and what I want to do is I wanted to pull somebody in who could actually help me with this situation And that would be Dan Dan the other Dan from crypto capital ventures and I pulled them in to ask her some questions So he's gonna come right in and we'll talk about it. We'll talk about a bunch of stuff We're gonna talk about the projects built on a cardano as they were pulled a did a little rug pull We're gonna talk eight members of congress tried to stifle the sec investigation and kind of get Dan's opinion about Regulation wherever going and then I think the more important question is Is the bottom in and what should we be looking at and what are the lessons learned? From all of our mistakes and the catastrophes around so without further ado Let me welcome Dan back to the program Dan. Thanks for coming by. What is up my friend? Thanks for having me I love it. We're uh, we're keeping warm here in this bear market this winter Sure Yeah, I mean there's nothing else to do but just kind of just look and watch the world burn, right? That's I think that's what keeps me warm. Is that what's keeping us warm the world burning down. Oh my goodness Good, it's not that it's not the greatest, but here's what it is. So let's let's jump in first of all if you don't Subscribe to uh, Dan at ccv. There's a link in the description very simple to find he goes over a lot of different information he's He's got his uh, his eyes on a lot of different things and does a lot better Analysis for different projects cardano being one of them, but also the macro and also the uh, the uh, ta of what's happening so first things first projects built on cardano pulled a classic rug pull and me and dan were talking about this before we went live And this is what we got And I want to stress that I can't stress this enough which is this And is that there's a difference between the layer one solution being a scam and a rug pull And the projects that are built on top of that layer one solution being a scam or rug pull but here's what we know and then i'm going to have uh Dan fill in fill in the uh blank spot. So our donna and orbis calls it quits Here's what we got so our donna orbis which both announced ending development on the same day today Or maybe it was yesterday. Actually, let's see. What was his data this one? I'm very 24th. Okay So it's been a couple has it been a couple days dan? It's uh been I guess a day. I think it was yesterday. It all went down. Yeah, look at that Yeah, thanksgiving, which is a good if you're going to do a rug pull a good time to do it when everybody's You know preoccupy with a pretty major holiday not too bad. They could have waited for christmas, but whatever So our donna our donna pitch itself is the first all-in-one stablecoin ecosystem built on cardano Never in 2021 the product raised 10 million dollars and funding around led by three arrows capital I don't know if anybody has heard of them see fund a sense of assets and this was uh and ceo and co-founder ryan metavu nailed it Said along with the investors expertise this funding will allow us to establish our donna is one of the premiere defied gateways On the cardano blockchain the future is bright and then today I said this I unfortunately do the recent developments with regard to the funding and product timeline our donna project has had to come to a halt Our co-war main open source for builders to continue our work going forward and then just real quick or bis followed suit And it almost looks like the same tweet And what or bis is that's a layer two solution using zk snark roll-up tech to work for scaling and um The big concern was there was no working projects and they were trying to get funding by Looks like cardano And just so you know the orbus project ceo is ryan metavu who also found an ardeno. So Dan, what do you know? What do we got and what should we be aware of with this one? Uh, well, I know just as much as anybody else out there, which is not much I mean we don't so and I I was just watching charles. He was discussing this and you know one of the things he Mentioned was they're doing a forensics, you know report and trying to get to the bottom of what's going on here And it's I think like the biggest thing especially because I I run a recruiting firm. So we recruit for early stage startups and you know Especially as the recruiter like I see how tight startups are with their money Especially as you're trying trying to grow and build a product grow a team The first thing that popped in my head was just like How did because they raised $10 million in their seat down, right? So yeah Like what was their burn rate to have gone through all of that? And I just that doesn't make sense to me. So I don't think it's a money issue which charles. I think also mentioned Um So what's going on? You know what I'm saying and that's and that's the thing that I think we need to give it a little bit more time, but Interesting that you you noted both projects have the same ceo Yeah, that's a little bit shaky and then here's the thing. So let me do some quick math November 2021 December or now it's November 2022. I think that's roughly a year. So with Like 800 some thousand a month nine employees That's uh, that's uh, like you said, it's a holaciously Large burn rate for a project unless they were It doesn't make much sense. It just doesn't it's not it's not it can't be a money It's not a money thing. Like they had from what I saw on their LinkedIn for ardina Or ardana, whatever you want to call it. I think it said nine employees. So It's they had enough funding, right? So I don't know How that worked? I don't know. I well, this is I I also know this like I sent you the the link for charles when he talked about this on his um on his channel The first one was taken down because I guess there was an audio issue the second one I didn't know this but I looks like he had even charles had personally Donated or or funded some of some of the project. He's lost. He's lost some money I think 500 000 or something is what he tweeted. I if I remember seeing that Chump change chump. Well for some I mean for some people for us. That's that's a that's a pretty bad decade. Yeah Yeah So it's kind of like, you know the contagion that we've all been seeing in crypto and all across the space And especially I've been even in recent cardano videos. I just been like, man, cardano has been like holding up pretty good From the contagion kind of proving itself as an ecosystem and it seems like it's made its way into a cardano ecosystem But it's it's the startup world like every project every every layer one is going to have these You know bull market or bear market. So it's something to be very cautious of Right. So dan, I mean that that's what your your profession is, right? You you're like uh early early investor venture capitalist Or do those things How often do you get the winner of the big winners like let's say you invest into 10 projects? How many make it? Yeah, well the I'm not so much the investor Um, I'm I'm the recruiting firm that helps build the team Ah, yeah But with that said I get I get a nice perspective of things and I've you know from the startups We worked with and we kind of go after well funded startups that are doing well and You know, we want to see that they're going to grow a nice size team because that's where our fees are but What I will say in regards to this happening Is you know, most recently we've been recruiting for startups one building on ethereum in the gaming metaverse space One building on salana NFT exchange And I'll just say like this bear market even for like well funded Uh, the the salano project is backed by sony. This bear market's hurting Like projects even startups that have like solid teams Solid funding So when we start seeing like these really early stage ones, you know, like art and uh on cardano bailing In a bear market, it does make sense to a certain extent the bear market is is putting so much pressure When it comes to building And it's also a lot of it for founders. I think a mental pressure You know, we we want to think about money. Did they run out of money and resources? There's a mental aspect to this that I think Doesn't get talked about enough, but I just knowing founders myself and seeing what they deal with when especially prices going down in the crypto space Uh, that's a I think that's playing a big role as well when okay, so so I'll This would have been a whole another video, but I'll just ask you like when you're taking a look at the founders themselves Can you take a look and just see like okay? This one I think is going to make it because of this aspect of it Like any kind of like like mental hardiness or or the ability to have the willpower to power through or You just kind of see that later like what when you look at things really like I think this won't make it because of this For me, it's it's so simple. It's like going to their LinkedIn and seeing their Their history their background, especially in the startup space I have one startup that did an exit like a year and a half almost two years ago And the guy we started recruiting for them in 2018 But the guy just has such a successful track record in the startup space and So when I start seeing successful entrepreneurs, uh, That are launching startups in the crypto space. That's something that that attracts me. That's something that kind of gives me confidence But you'll notice with a lot of these projects That are getting funding from things like cfund on cardano and in other ecosystems. Yeah, you'll notice that they're very young There's not like a history of successful exits. And so when things like this happen, it's kind of like well It makes sense to a degree Yeah, I mean there's always I mean there's only so many Uh bill gates out there. There's so many only so many uh bezos You know that actually came up because if you take a look at all the ones And it's it's it's it's just tough to find the right one. So yeah, I always take a look at You know, I don't know where things are going till you know till you know where you've been but not even then Even past success Is not going to guarantee Exactly, but look at spf. Perfect example. Where'd he where'd he come from? You know what i'm saying like his his track record there I mean, there was no there was no huge successful track record and look what happened. I mean that so Kind of a little hint. Where'd he come from all of a sudden to be leading this multi-billion dollar Well, we know I mean there's some there's some rumors going around but yes, there are some rumors But I mean I will say and like I will and when we get to like our mistakes of the year You know, you know when we talk about like one of mine is even talking about celsias Like I will tell you like meshinsky. He had a couple of successful exits and did pretty well. Sure. That's a good point However, again again, it's everything is cool and everything works until it doesn't Everything is smooth until there's some problem and everything that happens pretty well until There is just a problem with either greed or corruption Or just an oversight But it's tough and in this situation in these places you're going to lose more than you more than you win. I think Yeah, I agree. All right. So that will be that that part Let me know what you guys think in the uh in the comment section Also, if you have a comment put in the put in the in the live chat But if you have a question for me and dam we're going to do a q&a Put that in the comments section which is underneath the live chat because then I can just take a look at those and not go through a thousand different Statements, which I do like you guys and you're also everybody's funny. However, I just want to get the question sometimes All right. So the next one eight matters that congress are trying to Try to stifle the sec investigation and this is one of those things where if you take a look at it It's one of those things where you have to take you I talked about this before is the story behind the story And what this is this is from unusual wales and he says uh, there's a tweet And when you when you read this you're like, this is awful congress members would probably try to stop the sec's inquiry into ftx for the prospect with a march letter That question the sec's authority to inquire about crypto and an important ftx And he talks about here are five of the eight received campaign donations from ftx employees from You know three thousand it's almost twelve thousand which if you look at that you're like first you're like Well, that's looks kind of shady and you're like three thousand really that's that's what it costs to buy a congressman So just wait so just wait. So here's what it comes down to this is Where the actual source came from congressman tried to stop the sec inquiry Uh, just so you know the sec was seeking information from from ftx earlier in the year So I know people will always say that you know Protect me harder gary, but they were there three or four months and they didn't find they didn't pull the trigger So it didn't really help anybody anyhow, what they're talking about here is there was a letter in march from eight house Members and before anybody says well those damn democrats or those damn republicans It was four democrats and four republicans. So write down the line They question the sec authority to make informal inquiries to crypto and black chain companies and Uh, intimated that their quest violated federal law and this is from tom emmer and he is a huge crypto proponent He just pretty much says the same thing. I don't know why gary's doing this It feels like it's uh enforcement through regulation or regulation through enforcement That's not how it goes So to break this down five of the eight members received campaign donations 3 000 12 000 ted bud republican Received half a million dollars in support from a super PAC created by ftx Co-CEO ryan salami. So that would probably be one of those things. You're like, oh That does make a little more sense a half a million dollars Now we're just wait emmer was head of the national public and congressional committee the campaign arm for house republicans and the nrcc's associated super PAC Received 2.75 million from ftx in 2022 and 2 million from salami in late september and 70 000 from the company's political action committee So it's amazing how you can get around the the uh the legalities of donating to congressional campaigns just by doing a super PAC The sec declined to comment six of the eight congressmen have yet to respond Rep byron donald said through a spokesman the congressman was not attempting to influence the ongoing investigations and did not exchange any communications with ftx Was merely concerned with the sec procedure in guidance with the crypto firms which some have described as regulation by informants by By enforcement and then he talked about how of course roiders report that ftx was already under investigation and Coinbase too it says so coinbase receiving inquiries from sec was coinbase doing any uh You know donations or contributions anybody contribution I think it was that that the yield program because what it comes out of this was sec asked ftx about a rewards program that gave deposit interest on their crypto assets, which would make them a security So a couple things to break down Is and one of those is this people will say well You know the sec is they're trying to protect us and they're doing a little bit too much But in all honesty This wasn't about really protection protection. First. It was just about gary saying this is a security You need to register with us. Yeah, and it wasn't about fraud that would probably would have come out later If they would have really kind of dug uh deep into it and the second thing is that if we take a look at The yield part of it And what it was if they just would have done just that part. I think they would have actually Put two and two together and actually done some real regulation. Yeah, let's uh, but damn What am I missing here? Do you think this is a good play and do you think there's where there's smoke? There's fire because of course these guys were What it kind of makes it sound like is that these guys were bought and they were looking at ftx Even though emmer went right on fox news yesterday or two days ago and said hey These guys have to be prosecuted to the extent of law It's a tough question. Well, actually i'm on your show. So it's not a tough question I so you can look at my most recent videos even less few weeks with ftx and all this stuff that's happening I these headlines I want to cover and I want to talk about because there's such a There's such conflict between just the general public too. Like what's going on here? Is it somewhere like on the conspiracy side? Others aren't Right, but I try not to I just like to in these situations personally I like to sit back and just watch it play out And try to not as a content creator, you know Interject my my own opinion, you know what I'm saying But what I will say is Whether there's this crazy conspiracy going on or not This everything that's happening right now that we're seeing is Probably one of the best things that could be happening for crypto right now in the bear market So And and I wanted to ask you do you think And you can go back to the headline actual headline. Do you think there's a conspiracy in there? I'm gonna so like like those types of things. It's very easy to put the tinfoil hat on and say this is what it is It has to be what it is, but if you take a look at it How many months ago, let's just let's just rewind to November 2021 or even even march of 2022 How many people were calling sam bakeman freed? the next Jeff Bezos How many people were were louding him for all of his accomplishments and how many people were Like tom emmer we're we're trying we're crushing Gary ginsler for not doing his job, even though they were trying to so And it was a good thing. It was a good thing then Yeah, you don't say that dan honestly, but you're right. You're exactly right It actually was a good thing that gary actually did come in there and go. Hey, you know, you're doing this I don't think they thought it was fraud When they asked the question about you guys are offering yield But if they would have kept pushing and you know pulled on that thread, they would have fixed. Okay Let me see your financials. Where is this coming from? Oh, it's all It's from all the other people that you're you're taking it from and you're putting it over here And then we're are you commingling your funds? Are you investing in the other other projects? And yeah, why is it go from ftx to I'll let me to research to something else and And why why is there all this property in Bahamas? Like what's going on here? Exactly. So like like we here in the crypto space. I know it's gonna be very unpopular, but it's just the truth We here in the crypto space for like, you know, damn that ginsler or whatever else If on some of these things if you just would have done his job It would have protect a lot of people and I know people are like shouting at me right now But I guarantee you if you lost your entire life savings in ftx I guarantee almost can guarantee that you were probably thinking Yeah, that would have been nice if gary would have stepped in and actually done some things Now, yeah set set some guidelines here like set give us some clarity Like this whole space is like begging for any type of clarity You know and I saw bit boy. He did a uh, like a clip the other day And he was like he said he blamed it all on gary ginsler for not offering any type of guidelines like that's his job, right? Yeah, and it's like, why does it take so long? You know, why why are you going after kim kardashian when like the rest of the industry is just like begging for answers here on Because they want to build they want to build properly and legally and correctly, you know Yeah, and then like, ah, there's so many nuances, uh for that Yeah, but but I mean I I would just say that um Here's what's gonna happen And dan, I'm glad you said the word clarity because people people when I say regulation people hate on me and that's okay But clarity be nice. Yes a clarity just I should just say clarity from now I don't know why I'm so slow But uh, just tell me what a commodity is what a security is and what a currency is and then we can go from there and then Like like we were talking of and proof of reserves and proof of liabilities What do you think about that as far as moving forward because I don't think the government's going to get it right for us I do think that we can we can self clarify. Yeah some things it's it's all about transparency and accountability That's how the space is going to thrive right and what's so perfect about it is like it's not any ordinary space It's the blockchain space blockchain offers tools on chain to help make these things happen and in a decentralized way Right, like we want accountability and transparency. That's literally what the space is about So we can get that and you just saw I mean by nance. They actually I think hours ago I just saw the headline They released their proof of uh reserves Merkle tree solution uh, it's it's like live now I think yeah, and um That's like the starting point things like that and it really is up to the big players to finance obviously behemoth in the space right, um, you know chain link they have a uh proof of reserve auditing service that they're that they're Uh, okay, stuff like that. That's the solutions we need it and it and it lends itself to the accountability the transparency that the space needs and if The regulation side of it will allow us to just do that All that all the cards are on the table type of deal Um, you mentioned before we went live policing ourselves kind of right. I think it's just it's such a good Good way to kind of move forward, you know Yeah, and like if if if we can do it the right way then people like us can say, okay Well, you know, I'm going to use this exchange because they're like the gold standard They have proof reserves proof of liability everything is out there that's open And we actually see it and I know that I can trust a little more I think that would be the better option than the government coming in and going, okay Let me see everything and we'll put it out there and then, you know, we'll do everything for you I don't think that's that's the right way because of course they will I think they will over regulate too much And then and then we'll lose transparency and accountability because of that. You know what I'm saying But it's interesting to see our world changing even as content creators, you know, you and I I'm sure you do this all the time. He's going to coin market cap and we look at What's the market cap? What what are the top cryptos? There it is Yeah, there it is so coin market cap offering a Proof of reserve tracker now like this is the world changing for us They allow it's going to allow us to track, you know, the proof of reserves via the exchanges that are choosing to do that And you know, we're gonna we have a new data point to watch, right? And so it's pretty cool to actually to see that in the spare market as as we do mature as as a space I think well that'll lead me to my to my next question then which is this which is I mean We don't like to see bear markets, but they are a necessity And the question then becomes well is the bottom end? I know no one really knows and everybody who said that the bottom is in in June, you know, obviously didn't work out So then I know you take a look at the charts a lot. What do you see? You think the bottom is in also, what are the lessons we've learned along the way the mistakes? Yeah, so I can I can share the Bitcoin chart and just kind of point out some general things that I've been watching sure and you know for context I I charted actually this is the chart that I charted. I charted this back here In 2018 in the bear market low I started noticing some things as it pertains to You know, these white lines these are having and the cycles of bitcoin But mainly I started noticing these things in regards to this Fibonacci and Fibonacci is just kind of a A resistance support macro resistance support type of indicator that I use so I I took January 2015 bear market low to the bull market high of 2018 And it's a 786 line that really stuck out. It's right here at the bottom of this green rectangle to 786 line It's a more drastic retracement right from from the high. It's like 78 percent or so down What I notice in in bitcoin and its cycles is it tends to bottom out We'd low that area right and same thing happened back here in in 2015 when it finally bottomed out The reason why the area is so Important to me when I was kind of studying it was it's just all the other data and on chain metrics When this was happening that kind of came together It it made me really speculate on what was about to happen next and so I I covered this in 2018 I speculated from the swing low that we were really in To a speculative 90 thousand dollar bitcoin It gave it gave me this chart that I charted and it didn't it wasn't perfect how we played out We obviously only went to 70 thousand not 90 But just look how we we hit a high and then we're coming back down And most recently we've fallen below the 786 line right here So if if we go to kind of a more this is a real time chart. This is the bottom range for me and you know There's so much other data, you know that revolves around this but that is that's kind of been foundational to my My own analysis. It's it's the starting point for me from a macro investor standpoint And so the question is is the bottom in I I do I do say my opinion is kind of like I think there's one more low If bitcoin was to consistently do what it's done prior 35 below the 786 this this yellow line is is 100 in play and it wouldn't be out of the ordinary. So that's like 11 12 thousand dollar bitcoin So I'm allowing for myself mentally A drop like that, right? But what I will say to answer this this question is the bottom in I think the bottom range is in right and so yeah, we can dip another 30 percent, but I think time is running out in terms of Accumulation opportunity and that that could be months away, but months in this space is like a snap of a finger You know what I mean? And so, you know We're going to come out of the woods just even the macroeconomic landscape That we're in outside of crypto. We're gonna the things are gonna turn around And it's like what happens then for crypto when that happens. You know what I'm saying it's gonna It's going to be too late for for a lot of people that kind of just twiddled twiddled their thumbs In the bear market waiting for like a you know, $5,000 bitcoin, which you know, I mean a look it could happen, right? I mean the 5,000 bitcoin could happen 2,000 a thousand I mean, I'm just saying everything's out there not it's not very probable But I mean it could actually happen. I can see I can see 12k. I can see 13k I don't really and I think for for a lot of us, especially I mean everybody who are the usual suspects that show up to my show You know the teslas and the golfers and Everybody else who comes in softball amy not mean So they all know they're not tourists They're actually waiting for this opportunity and they're doing the same thing that I'm doing I'm going because when you said that 13k I'm like, oh, please what that happened. That'd be fantastic Because I mean for us It's not a big thing because we know We kind of know where things are going whether that be the four-year cycles play out or it's elongated Maybe we're in 2020 instead of 2025. We had all the time. Maybe it's in 2026 2027 maybe it's in 2023. I don't know but that's why you you take a look at these charts You take a look at like the mvrvz score. You take a look at 12 multiple You take a look at this the basic things just to go. Okay. The market's overheated. Let me take some profits and that's pretty much it So it really is Yeah, so Dan that that'll conclude that part now. Let's get to the this is what we really were waiting for the mistakes So I have had multiple mistakes. I can I will say them again So people can of course they always remind me what they are Which was of course, I talked a little bit too much about Celsius. Obviously that was not the right But it was a weird thing like we talked about She has to get some pretty successful exits billion dollar exits, I believe and he and during the march 2020 Uh, coronavirus scare when everything just collapsed Uh, they only had to liquidate three people for their loans Everything was working up at that point and then something happened They lost their path a little bit too much loan too much greed whatever else came out, right? Did a video On june 12th. I believe it was link in the description where I talked about. Hey, there's something going on with with celsius I want to take your your funds out 10 hours later. They shut down withdrawals void your same thing. I figured that out a little bit too late On june 22nd We figured out because they're a public company that hey They had given a 641 million dollar loan three hours capital. I said i'm gonna stop using i'm gonna stop I'm gonna stop my crypto from being on there take off two weeks later came down And of course that's when the rules came about which everybody knows about I think people are sick of me saying but the middle one in there is don't leave anything on exchanges It's just a recipe for disaster. So there's there are those things that I messed up on and uh, I think it's a good thing because now Uh, gary gary gins are going with my wi-fi Celsius and void your ftx so damn what kind of mistakes This year have you made and what have you learned the big thing is what have you learned from? I'd say what have I learned is a big is a big one because I I would say also I almost made some mistakes I'm very close and One would be uh black fi. I remember it wasn't long ago. I was black fi. Yeah I was talking and this is a mistake. I almost made which is just like talking to my friends and just like dude The returns just sitting in a stable coin are ridiculous. Why am I sitting my fiat in the bank like And I wanted just to move like my savings to like Just get those returns And I really thought about it. Like I I was like, what are the chances, you know, and I didn't do it Thankfully because it was just like, you know, my gut told me not to that's a mistake. I almost made and so another mistake I almost made was I was I'm pretty I'm pretty picky with sponsors like that we bring on the channel We don't do a lot of sponsors and so we were we were in talks with ftx kind of multiple times and ever move forward with that so I'm happy about that. Um And And that's just because we kind of set up we set a high bar in terms of doing doing sponsors but for me the lesson was You know, I I wanted to have like a solid awesome exchange on board with the channel and I didn't really think especially for something as big as ftx when we were in talks with them I didn't even really think about the possibility of any type of collapse like that happened And so I think being overconfident in this space, especially in the big players in the space that You know, as we're so early stage It's like a lot of us just rely on them those big players to kind of lead the way in innovation and growth I think we have to stop doing that, you know In and that's kind of where the transparency and the things that we were just talking about come into play Because it's not blind trust that we can't have blind trust anymore And that that's the biggest lesson. I kind of am coming out of all of this with um Is is having blind trust one thing one mistake I did make is uh artena I I don't think I did a full video on them But I I think I mentioned them in a like a video just like they seem so undervalued. There's so much potential And uh, obviously look what happened there. And so as a content creator, it's something I've learned also is just like And I've been I've I've stopped kind of just low cap stuff Especially in the cardano ecosystem. I don't want I don't want to cover. It's just They're too they're too small in market cap. Um And I'll stick with the blue chips, but I think there's a lot of opportunity out there But it's again, it's like wow it's it's risky and we need to always remind ourselves of that Yeah, I think it's yeah, it's super risky and one of the things that I think That I I learned along the way, which is I thought investing could it could be like a set and forget it especially in these exchanges type of thing But now that we've gone through this like in You can set and forget it for like an s and p 500 You can set and forget it for mutual funds You can set and forget it for like like t bills. I really wanted to but For this space sub 1 trillion dollar market cap hovering around 800 billion. I think you have to be Informed on a daily basis about what's going on So you don't get either rug pulled miss out some type of exchange or some type of issue that comes up that You're like, oh, I didn't know about that now everything's gone. Like that's one of the things that I was like, wow it is It is an amazingly harder thing I gotta tell you I can understand why like you'll have like like a bitcoin maxi going I told you because how many times do those guys go through this whole thing? And they just stuck their stuff in like a paper wallet and they're They're fine right now But how many people how many of them have actually are actually here and haven't sold? Yeah, I don't I don't know if that's even possible. Yeah, that's a good question I think the other thing to take to take into consideration too is they're like even in, you know just traditional markets it's They're not immune to it either, right? We had uh layman brothers in uh, oh, yeah 2008 right over Over 600 billion lost just like that right and then when they went bankrupt And so but it's like the same The same lack of responsibility and accountability is what led to that So it's like that's that's what's exactly what's happening here in crypto and it just needs to It needs to get under control The thing is like we can't even sit here and say it's under control in traditional world though either so I don't know man. We're in trouble We're we're gonna be so everybody just uh expect a lot of a lot of pain a lot of volatility I think a little bit of pain coming up in 2023, uh, but we will see so that's ladies and gentlemen We'll conclude the news right there. So what we'll do get your questions ready. You can put them in the live chat It's fine. We don't we're good to go but uh that will conclude for the news If you got to get out of here get out of here. It's probably a nice day. 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