 Welcome to the last set news. My name is Robin. Welcome to the one and only live stream for the week We used to a lot of these but we got away from so we're just gonna do these once a week just to for the sake of time and Then we have to go over today Just a couple of stories one is about coin base and the amount of staking that's going on and also about Super Bowl commercials or commercial and then before we get into it I just want to say everybody. Thanks for stopping by. I know we're gonna go into the Super Bowl That's I think it's like the kickoff is around 6 30 Eastern time But we'll just do a little quick review and then go from there Also, what I want everybody to do right now is if you have questions put them in the comments right now because these stories won't take That long maybe six to eight minutes, and I want to get through everybody's questions So start asking those questions now. So first things first Welcome to the live stream. These are my favorite We got away from because it was just you know time constraints, but I do like doing these things It's just just getting around for the time. So the first things first is It's like collateral damage and of course everybody's been talking about the SEC and Gary Gensler and cracking down and cracking and whatever else And it's all about staking and it comes down to an article from Blockworks. I didn't know that staking and yield generation and interest had been such a large percentage of coin bases business I can understand why they were You know so up in arms when this came about I mean not of course the whole Past and and how it affects the industry as a whole But I mean to see like 20 of it building being interest generation. That's a huge chunk to lose so Coinbase diversified revenue was staking how much great question. Here it goes Between the start of 2020 to the end of the third quarter of 2022 coinbase raked in 9.46 billion dollars from retail traders And an additional 508 million from institutions So before we get in just the yield generation part in the interest part. Do you realize what a huge amount that is? 9 I mean 10 and this is not a typo. I took a look at the shareholder Revenue report that would come out every single quarter and this is exactly what they said that retail traders that's us we Gave them the fees because they provide a service. I have no problem with that 10 billion dollars institutions 508 million and it's because the curse they they buy these large chunks and That's just how it goes. Then of course they have a custody service for them But it's not that much where they make most their money Is retail trading which is why it astounds me that places like voyager FTX and all the rest of them All's they had to do was just stick to that model and it wouldn't have screwed so many things up Just stop being so greedy. You guys are making a boatload of money off us Shouldn't have that that have been enough. No, you had to keep going. I digress But the weight of coinbase's trading fee revenue has been shrinking. Okay, we are in a bear market three business Three business lines have made all the difference interest Staking and subscription fees and here's we take a look at the coinbase revenues And what's interesting here is i'm just going to do something real quick, which is This is how big the retail transaction for the revenue is watch when I take this away It's like Nothing at all. It's amazing to me. How much They make off of us. I again. I have no problems with that. Absolutely no problems with that It just astounds me again about what happened with the other centralized exchanges and the greed that they had Now in the second quarter of 2022 coinbase brought in more than 38.2 million Be its interest activities, which was only about less than 5 of its revenue But then right after that the fall of the quarter That figure exploded continually 115 million or almost 20 percent of all revenues interest activities including staking. So When they heard and there was a rumor and that's what brian armstrong put out the rumor that the sc Was going to crack down. Would you like to lose 20 percent of your revenue? Just because of some guy's idea that this isn't really what it should be now There are some minute points and I understand that we talked about The things that I thought that gary got right and the things got massively wrong I did two videos on that a couple of days ago, but to me I can understand Why there is this much issue and then we can just see it here retail transactions taking that away And that's retail transaction interest Over here in q3 It's quite a bit and of course as we go into the bear market That could really hurt coinbase moving forward if it happens But here's a good point by paul gruel. He is the coinbase chief Legal officer and he says this Coinbase's staking program is not affected by today's news Staking on coinbase continues to be available and staked assets continue to earn protocol rewards. So nothing's been done yet yet In this regard What's clear from today's announcement is that kraken was essentially offering a yield product coinbase's staking services are fundamentally different And are not securities For example, our customers rewards depend on the rewards paid by the protocol And commissions we disclose rules making clear these distinctions will provide real clarity to consumers investors and the industry So there is that part But how much is that going to stand up to the scrutiny of the scc and just saying no We don't believe that's true. Now. We're going to find you and regulation through enforcement. This is the thing that we have to fear Moving forward, but maybe it'll just force Here's the thing Maybe this will just force the scc to go. Okay, fine We think and gary's been very clear about this right not that i'm agreeing with them But he said look he goes everything outside of bitcoin and sometimes a theorem whatever day he talks about it We believe that you guys Are selling unregistered securities. So if he has said that in the past Why doesn't just sue all the exchanges in America and going you guys just you did this So you guys are selling these unregistered securities. We're going to sue all of you and let's go to court. Let's go to court Let's get this done Because i gotta tell you His little piece meals that he do he does it keeps the larger funds away from institutional investing going I don't really know I don't know if that's his plan to do that because if we just said okay fine You got your chips. We got my chips. We're going to go all in Let's have the courts decide it. Let's have congress decide it and let's just get this s out the way Because then we can have some real clarity and you can stop threatening us Like the nerdy bully that you are and just get this out in the open Correct me where i'm wrong. I just say we should just have a showdown now Because i'm tired of this this piecemeal stuff and just the the little nibbles that are being done That maybe i'm wrong here. That's how I see things and then also this was an interesting point by Jesse Powell former CEO of crack and he says oh man All I had to do was fill out a form on a website and tell people that staking rewards came come from staking Wish I'd seen this video before paying a 30 million dollar fine And agreeing to permanently shut down the service in the us How dumb do I look and he goes on a little thread and it's pretty interesting I'll link in the description. You can check it out But it is true because gary comes out and says oh we just shut you guys down because you didn't have disclosures That really wasn't what what it was. It was all about securities and piecemeal and just kind of keeping everybody in fearful and in in check So the big places can't come in so let me just think about that in the comment section and then also Just you know, I thought super bowl ads were there was going to be no representation For a crypto, but I guess so super bowl crypto ads are lacking, but nfts have a spot This was a statement from mark evans fox sports executive of ad sales. He said well two crypto Advertisers had had commercials booked and then those deals fell through after the crash of ftx So we were gonna see some even though we're in a bear market There was a couple different I guess exchanges that were coming out But they said after ftx that kind of closed the loop. However Ftf nfts a once little known acronym that entered the mainstream in 2021 Are said to step back up utah based web three company limit break. I don't know who they are Said in october that it bought a super bowl ad for six and a half million money well spent sure The company spot will feature a qr code In reminiscence of coin bases ad last year Directing viewers to sign up for a chance to own a digi Digaku nailed it drag and nft the company said the ad culminates a free mint white list opportunity Launched last month that is extremely limited. I gotta tell you it sounds good Then maybe we can get people to actually get an nfts again at least we have some representation So i'm happy with that sounds good and that's it for the news today And before we go in the q&a again get your questions ready There's just a couple of things that if you're looking for some pretty good information I think and especially if you're a cardano cosmos avalanche holder There's a great video From crypto ceo i've had him on the show real smart guy Does really great work and for some reason i just don't get this he's got a whopping 30 000 subscribers That's uh, honestly rookie numbers. He should have at least 100 k with the kind of quality he's putting out So he did a fantastic video about first of all about how polka dot avalanche and cosmos differ And how they all work and he gives them the pros and cons and it's really well balanced He talks about here about the cardano sidechain that's being created on cosmos And uh, just well put out. There's a link in the description I think it's like the first link that I put in here. So somewhere here. Yeah crypto ceo and cardano sidechains with cosmos So you can watch that video. It's like 13 minutes long real good stuff And then also if you're looking for a little entertainment, uh, we had a good good Series me guy and ben uh from coin bureau and into the cryptiverse and I want you to There's this this this last part the question was if you had a host a dinner party And you had five people that you wanted to invite living or dead Who would you invite to your your dinner party? So i'm just going to give you my answer And uh, i'm i'm not going to tell you why I said this you can watch it later But here is my answer to guy because guy and ben they came on said i'm gonna have like health any which is a great choice and uh Satoshi Nakamoto and a couple of different, uh, you know gurus in the space, but this was my answer take a listen You would ask satoshi, wouldn't it? It's like what do you what do you think? Could you ever have imagined that that it would get to this? um So rob, I mean i'm dying to hear your picks on this the picks that apparently no one's going to like No one's going to like this, but here it is So like I knew you guys were going to say some of those some of those chaps You know who you're going to bring in which will be fascinating So you can probably do a video about it or you we talk about it like all this what they says So i'm like great. That's awesome. I you know, I'd love to hear about this This is who I would want I want well, of course, we got five people. So I want number one alex moshenski I want doklon. I want the two guys from three arrows capital I forgot their names and I want sam bakeman free and if I could have a six person as like the waiter I want gerry ginsler. So so that's it. So i'm gonna tell you watch the video I don't explain why it make a lot of sense and uh Yeah, I just thought it was an entertaining why just uh just to get through but a great video link in the description also I just wanted to give people a little bit of I don't want to say hope him but some good news because I know we get you know We get all this bad stuff with the sec and we're like, ah crap everything's going down You know, it's gonna be awful for whatever else look bny melan says their investors are absolutely interested in digital assets bny melan is the oldest bank in united states also Just so you know, they don't pick a bunch of losers. They've been in this space for I mean forever They've got 44.3 trillion assets under custody. They're a bank and they've got almost two trillion assets under management so this is just one more example Of a big institution getting into crypto going. Okay. We don't know what's going on over here But we know this is going to be big and I think we're in the right place at the right time Also, I want to say thanks to everybody who showed up. We did uh the amigos de los animadas Uh, we go there every sunday and we walk the shelter dogs But look at this Look at these these great views you get to watch if you're in Puerto Rico next sunday come come hang out with us And after this we all went to breakfast, but it's just fun. We get to like walk the shelter dogs They appreciate it You get a little bit of action as far as like getting a little walking And then if you're using your sweat coin app, well, you get paid for that too. So not a bad deal win win and then Also as a reminder that this wednesday is our coin ledger live event So if you've got questions, I know people are getting like 10 99s from celcius and voyager and their You know ftx and they're having them Requesting them to pay things and there's some other questions for us taxes I'm gonna have the guys from coin ledger, which is me david kemer and the tax lawyer I forget his name But we'll be asking all your answering all your questions Live that'll be around two 15 115 eastern time I'll put it out on twitter and I'll talk about it the next two days. So just remember if you got tax questions Follow me on twitter and you can ask your questions right here and we'll answer the guys and of course We'll do it live and then lastly lastly lastly Ah Clown news. So I know everybody gets like For some reason everybody like gets scared of this clown. So I guess people have issues with clowns. I don't know. So I'll just use this clown face. No one You know gets frightened, but this is really the biggest clown news It's not news. It's just a statement. It's stupid. So this is from Mr. Wonderful kevin o'leary and it was the dumbest thing I've heard ever not ever I've heard some pretty dumb things but he came he says You may lose your wife. You may lose your dog. Your mother may hate you. None of those things matter What matters is that you achieve success and become free and you can do whatever you like I got to tell you that's the dumbest thing I've ever heard And I'm not alone With people who have to agree with me. I got to tell you if you think that Success and money is going to be like the end all be all and freedom. Let me tell you Once you get to a point where You don't really need money. There's a lot bigger things out there and it's not just about making a ton of dough And that's it. So look that concludes today's news piece So like today's video thumb up The subscribe all that good stuff and now let's get into My favorite part, which is the q&a and then we'll get out of here and go watch a little football And we'll go from there. Here. I'll do this one. That's better. I'll stay like this all day. I don't care Comments let me go up. First of all, it has a lot of a lot of questions Chival that's good. It's a pretty good day Good morning. Yes Okay, this was the question that I So rob hope you're well will be great to hear your view on retail clawbacks without insiders info by celsius If you don't know there's this thing called clawbacks, which is the dumbest thing of all time Well, it's not dumb. It's it's a legal president And what it says is that if you removed your crypto crypto I think the money too if you remove that At any time within 90 days Of when celsius and voyager and ftx apparently shut down that you are subject to clawbacks What do I think about that? Well, obviously, I think that's a that's a pretty awful way to deal with investors But unfortunately it is the legal precedent and it really comes down to the judge And as as they determine who is the person or who is the rifle owner and celsius they very well could do that Now are they going to do that? That's the question and I'm actually going to have I was reached out by plan c who Asked me to have one of the representations of the lawyers on so I'm going to have This lady on and she's going to talk to us about clawbacks and what it means for us I'll keep everybody in the loop and go from there. Let's see Ah, that's the wrong one. Okay. I'll turn it off. I it's a little goofy. Okay George good day Buenos dias Morning round thanks on dare dare looks great Some people say it's going to be the next big thing and it might be I just don't have any exposure to it So that's all I can tell you and you know on this channel I am super biased. I only talk about the things that I own so if I start buying hadara, you'll know it because I'll start talking about it Yeah, that's about it. Let's see Not quite so it says the coin base freezer robbery. Well, there's two things really about that first of all The fees are a little bit higher, but guess what they haven't collapsed so Everybody was talking about how great the ftx fees were and you know what their fees really were 100% if you think about it, sorry So if they're going to charge me a little bit more and they stay up, great Uh, it really doesn't matter to me. I transfer all my crypto off exchanges onto my nano ledger x or yeah x So I don't really care so much, but if you're worried about fees, there's two options First of all, you can use they used to be called coinbase pro and now I think it's something else coinbase advanced And if you want to use that the fees are are less from what I understand I don't use it personally because I just dollar cost average and I don't really I'm kind of lazy. So I just let it go Another thing is is a coinbase one you pay like 20 bucks and there's no fees up to $10,000 per month And that's what I use every single month and that's it So yeah top of the morning That's a good question road trip buddies So there's To answer your question the question is rob did you move to Puerto Rico to save on heavy taxes? It's one of the reasons. Yeah, the second reason is I hate cold and the third reasons is Well, me and my wife wanted to get out and all the kids are gone. So what's the point? So we spend six months here. We can either spend six months here or like Florida We're like Arizona But we're like, well, we like it here and there's a nice tax benefit So we chose this place and it's working out pretty well so far So there's a couple different reasons so before anybody moves here Just remember if you got like kids and you're like, well, I got to move with the kids and then, you know Depends on your revenue and your income. There's a lot of factors to think about it Don't just move here and go, okay, great. No taxes. Trust me I've done a couple of videos on Puerto Rico so far watch those videos first And I urge you please do that before you make a potential huge mistake And move here for some for some it's for you and for some it's not right on Let's see if staking took off Coinbase could have eased fees and taken equity from Binance plot twist CZ made a few calls to a certain party And whispers and ears to stop staking, you know, there's a lot of things that are going on I just I find it interesting That gary gensler Is always talking about we you know, we believe that All these exchanges here in the united states are selling our ownership securities and we believe it and then they just Every so often they really make a big move and it's like to scare people Just to scare people back into submission and go and see we told you where we can do these things and they do it That's why I'm like just let's go to court right now Let's go to court. Let's get it all in the open and then we'll see and guess what if the sec does win Okay, well, then, you know what that means. Yes, all the exchanges become Selling securities robin head does it every day in equities Stocks so all you gotta do is register and then the different projects that'll say, okay Well, I guess now we're considered a security here. We'll pay some fines and move forward whatever So let's just get it out of the way and get it done So the institutions are like, okay now I can invest into this stuff And I know where we're at and I'm not going to get a fine for offering Unregistered securities to my customers which would leave me to my next point I was talking to not meme not meme shout out today at the At the event for the shelter dogs And she said what I don't understand is that fidelity in my account is offering me Crypto products that I can buy right now in my retirement account Or I think it's an investment account and I can buy those right now But they don't seem to be bothered that it could potentially be an unregistered security And it's it's things outside of not just bitcoin bitcoin and there even some other cryptos So I'm like that is interesting It's a ballsy move and uh, I just wonder how that's going to play into effect later on So just think about that It's it's it's it's it Let's punch up like like some damn. Yeah, that's right punch up Ah Yeah, I don't know George says why is the sec pursuing legal action against coinbase they get up Real big thing for coinbase for whatever reason And uh, I'm not for sure why either so who knows They share network fees each other boards as users I gotta tell you And my concern was this and I talked about this before it seemed like before Like in Different exchanges like they would say okay, we're going to stake your crypto But we're also going to re-hypothecate it and we're going to give you x amount of of yield And it seemed like you didn't really know where the yield was coming from was like Were you really staking because you said you were but there's nothing there's no proof of documentation And Are you re-hypothecating are you co-mingling nobody really knew and now here we are so I just think like okay fine Let's just put on the open Get some disclosures like jessie powell was talking about what she's Does he did make sense in that statement? So I don't know what's what's happening there But I will ask you a basic question for everybody Why the hell is anybody keeping their stuff on the exchanges? like Even gary genzler came out and said even gary genzler came out and said not your keys not your crypto on msnbc I mean if you can't get any more clear than that, I don't know what to tell you man So if you got it on exchanges and you think everybody's gonna be great More power to you I got three reasons to take it off exchanges celsius voyager and ftx, but that's just me talking from experience SAC is pure corruption. I am not your dad. That's very true Uh Cookiness says celsius has confirmed they will claw back retail who withdrew their coins the nine days of vk What's your view if that happens who would buy sell krypton u.s? Injury exchange if you do Exactly Exactly, so it's like This is Man, I gotta tell you I now i'm definitely gonna have that later on If this happens, it's a huge black eye for everything, but you know what? It would make Where there is a hole or where there is a problem? There is a solution somewhere and I know that Not me, but people in the crypto Crypto field are smart enough to figure out a way around that to transfer your your crypto some way into Are your fiat into crypto and then you just use dex's that'd be a big a big question So if uh, if celsius does claw it back I Will go out of my way I'll go out of my way. I'll make it a mission To make sure that everybody is reminded of what they did if they ever did a new company or what's gonna happen Hell i'll stick around for another year just for that I'm a nice guy and tell Court would still be a huge risk though if it was all taken to court if we lose and good chance We would since we're against the ac. That's not true. Then we'd really be screwed. So think I should only Here's the thing. Cory you have to understand the sec doesn't win all the time It's just that mark cuban beat the pants off them in a lawsuit. Go look it up Not only was it uh a drubbing It was a fast one. So the sec accused mark cuban of insider trading. He was like Well, let's just go to court and see how that works out and it worked out great for mark cuban and the sec Was away. They don't always lose or they don't people don't always lose against the sec It's what i'm saying. So If we all got together I mean, let's let's be honest the exchanges do have a little bit of money a little bit power and sway I think we should do just fine and let's not forget that just because we're against the sec It doesn't mean that we don't have friends in high places the luminesces The ted cruises the tom emmerers The hester pierces. I mean these people are not just like Average jane and joes I think we do just fine. I think I think we went actually and we'll see Uh sec g just finished what f2x trying to do all year to stabilize crypto. It's a good point A lot of people think that uh sam bachman free was a was a stooge a useful idiot and they may be right What fight rob from dan i'm a very boring guest. I'm actually very boring uh Yes, george the So-called, you know what's ben had a good point the people that I wanted on my dinner party Which was alex michinsky? I'd want him first just to sit him down and ask him Why do you lie right to my face and everybody else's face on my show? That'd be the first thing and the rest of people would come in. I don't really care and then you had uh, the two guys from three arrows capital and uh Sam bachman freed and then del kwan and then the waiter would be gary genzo So ben had a good point. He goes isn't it amazing goes if you would have said that a year ago Besides gary genzo people and like oh those guys are really good up and standing citizens of crypto and people love them. I remember Being at guys event. No, no, no, sorry. This was uh, this was this was another another private event that that I attended And uh, there were people I was up on stage with a like that martini guy and a couple different people And somebody was talking about you know Uh, we need we need people who will stand up for for bitcoin and crypto And we all said yeah, we need more people like that And then one guy stood up in the audience and goes you guys are like you pretty much was he started Yeah, and he said But we already got that and his name's del kwan. What do you guys don't know what you're talking about? I'm like only that guy's really that good and then like three months later everything collapsed So I think it was that I don't think it was really that good for the for the uh, crypto market in general Nah, you know I would want to have dinner with the illuminati, but that's just it anybody be illuminati. You never know They're like i'm the illuminati. You have no idea 200 years of jail Yeah, exactly definitely maybe I like the first clown too Road trip buddy says dude. It's a motivation youtube speech Yeah, and I and someone said that also for the thing about like it doesn't matter if you lose your mom or your dog What else it's just mad that you're successful If that's a motivational speech, it's the worst one. I've ever had I've lost both I mean there was a time when me and my wife split and uh My best friend just passed away My my dog of 14 years. I gotta tell you I'd give up Everything I own to have to take that back. I mean now me and my wife are back together after This was a while ago, but uh Like I don't give a shit how much money you make It it doesn't make a difference Uh in the world or how successful you are it doesn't matter. It just doesn't it doesn't matter in the long run. That's how I see it Uh Ah teeny tesla Hello Tika ben rinsberg. It's a good question. Hey rob. Will the staking usa problem affect us that are staying with you? No because I am just the face of dnew staking. I Am uh, just a cog in the wheel. Uh the people that's Our response not responsible, but we all have a certain amount in it But uh, our staking is out of net netherlands in australia So for us, it's uh cardano staking. So we don't Have anything centralized here in america Uh, we used uh kubernetes and we just Space it all out globally. So for us, it's not a big thing But if you listen to what what genzler said about the staking prospect and how that all works it's um You have to understand like Think about how aetherian runs their staking, which I gotta tell you is the worst Not the worst, but it's not the greatest. We'll just say that I've when I heard about the staking I was I did a video on it and I was showing people how to do it and halfway through I just said I'm not doing this I'm just not going to lock up my aetherian for that long. You can do it, but for me. I'm like, I don't get it I don't For me it didn't make any sense And then with cardano because like when you lock it up and you're moving your aetherium you're giving it essentially Locking it up someplace else and you don't have access to it But with cardano, I mean it never leaves your wallet ever you have your private keys You are in control of it. There are no lockup periods. There is no steak or there's no slashing. There's no I mean the worst thing that could happen is that you may not you may miss if you're designated Stake pool operator isn't Doing their job. You may miss one epic not giving rewards, but you'll never have your rewards taken away So for me like personally, I think cardano knocked out the park with staking. It is the cleanest easiest Way to do things and the most consistent. I don't There's and then of course everybody will say well, well this you know for well, this other project is great I don't really I mean I stake I've staked avalanche. I've staked Cosmos I've staked near I've staked salana and so far the easiest and best way I've seen with cardano And that's why we just stuck with that stake pool and that's it Let's see People who love money say that Yeah, some people are so are so poor. They only have money That's what sucks Coinbase card rewards. I don't know I think if if the coinbase card rewards would be effective. I think all credit cards would be affected in the future uh Yeah, joseph's got a great question. Why do crypto crypto people hate coinbase? I used to you know, I used to have my problems with coinbase too I used to be really I always talk about how I hated the fact that they would always go down in the most Inopportune times like during like big crashes so people couldn't sell or when things go up Uh, you know miraculously and like these blow off tops and see like it would get so much action. It would just shut down. I'm like Why does one of the biggest crypto exchanges on on united states shut down? I mean, they should have this already figured out and I got I was always giving them guff, but lately They've been doing pretty good and I will say one thing about brian armstrong I mean he really believes in crypto and really wants to make things work from what I've seen maybe behind the scenes He's plotting a huge takeover. I have no idea But uh, people just hate coinbase because they hate coinbase and they always talk about the fees and the fees and the fees look man these days i'm just happy that coinbase has not become insolvent and uh Collapsed I got to tell you it's just like the army just show up with the right uniform and get promoted So in this situation of coinbase just keeps moving forward and doesn't collapse when I see them as onboarding many crypto investors around the yeah me and lure in the same the same boat I gotta agree with you coinbase will be good It's wrong Ah Yeah, it's crazy ryan, right? Uh I know mr. Wonderful does have kids. That's what's crazy He's got a wife. Maybe he hates his wife. I don't know Allegedly, I don't know Yeah, d tom says i'm in new york, so I basically need coins y'all can f off wishing to see his downfall I don't wish his downfall. I want those guys to succeed as bad as anybody else does This question Curious as to why you and ben ditched james. We didn't ditch james the thing was like when my tribe Gets together with ben's tribe. We don't really have too many problems pretty much. We're all aligned But when my tribe and ben's tribe and james's tribe gets together It was toxic and when we did these these the dca shows It just wasn't a good mix after time over time And that wasn't my plan my plan was to alleviate your stress You're in enough stress as it is when you go to the shows I just want you just to enjoy it and relax And when you see things on live stream and it's really negative you're like well, this isn't what I wanted So I said we and james and ben talked me go. You know what? Maybe our tribe's just don't align and now james has got a new tribe and they seem to do pretty well So that's great. And then me and ben picked up guy and we're doing pretty just fine. So that's it How's porto rico? Man in porto rico is awesome. Um I like how in porto rico like stop signs and stop lights are suggestions And not something that you actually have to do that's fun And besides that the weather is perfect and people are great and the food is Yeah, but I mean it's a great place to be that's all that's all I do like it here I'm probably keep living here for the rest of my life Uh is the staking ban official just rumors. So the staking ban for kraken. That's official That's gone through 30 million dollars later. They're not offering staking. They will not be moving forward unless Gary ginsler comes out and says here's the criteria But as far as I know that's it now with coinbase and all the rest of them Seems like they can still do that by hand to us. Sure Uh Ah red crayon red crayon Keep up the good work by your insights. Wish I could have found you in the last bullet run so I was talking to me about this this this morning at the dog rock. I think that's what I'm gonna do so I'm I have a plan to sell my crypto And people if you're a diamond hands person You can do that but I did a video did a video and it was called And why and when i'm selling 80 percent of my crypto And I linked it in the description of every one of my videos at the very top in the description And I want you to watch that video because once that those criteria happen I'm gonna sell 80 percent of my crypto And once that happens, I think I'm gonna step away from this channel It's It's a good idea to do that To just make things final and then kind of move a little bit and what I'll do is I'll say once I sell Like this is this is just a thought I'm having it's just to go. Okay. Look everybody. I sold This is it you can do whatever you want to do you can ride this out But I'm gonna make things final right here And I'm gonna step away and tell the bear market comes and I'll probably just take a break for like three months Because there's a blow off top and who knows three months six months Who knows Then I'll come back But I want to make it like uh like a final so people are like oh rob is serious He really did these things maybe I should you know really think about that Do my research and see if this is a good time to do those things because it's always the same thing It's always a four-year cycle And it seems like whenever we think like it's just gonna keep going up and up it never does Obviously, right so I want to give people something to think about Instead of just sticking around going at everything's going good. That's great I don't know We'll see if that's a good idea or a dumb idea. I'll hear about this in the comments Uh that comment is important Gary just wants control it's good true Uh It's a great point if it was your wife and dog and your mother hates you and you're happy no one should ever trust you Oh, maybe Maybe your wife tried to kill you And maybe your dog Hates you I don't know I'm trying to play devil's advocate, but it's very tough. It's true SCC's from my banks Uh, and that's staking in japan is great. Yeah I probably It's a good idea T-shirts not your dad Is that true from april 2023? India is basically going to find and jail people who do transactions through peer-to-peer On foreign exchanges. So now the only option left is domestic exchanges that prevent crypto withdrawals So you can't that's interesting. Is that going to be a law? They already put that in if that's the case as far as crypto withdrawals nothing in cold storage Interesting jail. Wow Ryan says are you DCing more into bitcoin or eth bitcoin? There's more of an upside potentially for ethereum, but I'm Trying to play it a little bit safer Didn't know that Hey rob me time I walk on the shelf dogs Don't forget to mention scientifically proven to boost endorphins. Yeah, and you can also lose weight and you feel better What are your thoughts on lido staking? I wouldn't do it. It's just me I don't like having things locked up. I don't know never had an issue with eta Deadless is the best way to stake. That's what I use but people sometimes don't like because it takes so long to download I get it Mofangor tostones neither I don't like either of them, but everybody seems to love it here But that's just me because I'm not from here But everybody loves it here Ben had no mods Ben Ben doesn't like to Doesn't like to ban people He's just like me Like if you make if you're I think a scam bot, then I'll ban you but I don't even people would disagree with me I don't ban them I've got plenty of those. Let's see. I think that's it guys Selling sunset selling may and go away. I'm gonna put that to the test one these days That would have worked out pretty well actually for the last bill run Okay, and that's a good way to say goodbye tesla goodbye tnt and goodbye everybody So look that's it for today Uh, I gotta do some things gotta get out of here and get some things done But enjoy the big game watch that uh super bowl commercial should be interesting But that's it for today. So like today's video thumbs up before you leave. Please it helps out a lot apparently Subscribe you can subscribe, but it's not like youtube's gonna notify you all the time But good luck, and that's it for today. So thanks so much for stopping by. I appreciate you And I'll see you on the next one. Adios