 So, as David was talking there, here's some questions I got. Mike, hello, Mike. Exchanges use your coin the same way how banks use your money in bank. Yeah, it seems like fractionalized lending is not just reserved for banks. We thought that these places were taken adequate collateral. Maybe that wasn't the case. Everything comes out in the wash. We'll see how it works, but not looking good. And Monk would be good if there are insurance companies coming on the crypto space. We'll refer someone within the crypto. Hey, Beardy. Beardy is more popular on my stream than I am, which stands the reason. He's a pretty popular person. Yeah, that'd be great. I guess the question would be would everybody want to pay insurance for their DeFi plays or their different crypto plays going to zero? I think I would, actually. I thought there was an insurance company out there. Are they still around for crypto? That'd be the big question. Every exchange is a scam. They all do front-running and wash trading. That's the whole point of getting in the middle of a peer-to-peer network where they are not needed. Yeah, I mean, it'd be nice if we could just, what we do, it's called DEXs. Decentralized exchange allows us to connect to people. However, there's always got to be market makers and there's always going to be slippage and problems like that. And of course, unfortunately, a lot of the large DEXs with a lot of liquidity are Ethereum based. So you're going to be paying a lot in fees. But that's a good alternative to what we're seeing right now. Danny, should you get a crypto punk? By the one that came before the crypto punks? No, maybe. All right. That goes from above. I'm going to be on this channel at some point. He says, I'm not a fan of Voyager. Oh, I know you're not. I've seen the videos, but I respect your opinion. That's nice. See, that's how it works. People can agree to disagree. And there we go. Alice Moshinsky was stopped in the airport. News to follow. Dan is a what? That's true. Dan is a Webtoon Max. Except I'm old. And that's it. Was Voyager your favorite? Voyager was your favorite. Voyager is still my favorite. Look, I got to buy crypto someplace. And I still like using the service itself. It just, you know, you can't keep anything anywhere. Now I'm a little bit more diligent in taking things off. Sometimes I, you know, I always say, like, you know, keep 3% on your portfolio on any one crypto exchange. If you have to, I was letting things slide. Until, you know, Celsius came along. And then we did that video on Sunday, nine hours later, everything was stopped. So it made me realize that, you know, 3% is it. But thankfully, it was 3% because I was kind of ticked off already with that earn program because of the credit investor. I was like, why, what good does it do me? I mean, obviously I can make more money by saying, here's my credit investor paper, fine, whatever. And then I give me more, more yield. But I'm like, what about the other people who aren't a credit investor? They kind of got screwed. So I'm like, nah, forget it. And I turned over to custody. Then I was like, well, it's in custom again. So I just took it off. So that was it. So actually, I mean, worked out pretty well. Yeah. And then Robert Goss, good point. Could be a minor needing cash. Maybe that was, that might have been from this, I think we're talking about this one right here. Where we could see a big inflow. Yeah, it could be minors. You know, well, let's take a look here. Hold on, let me stop. Let me stop. You want to take a look? Let's look at some data. Let me put in my super secret password. One, two, three, four, five. It's the same combination as my luggage. So let's see here. Ah, okay. Let me share my screen. So maybe let's see how many, well, that could be each point actually. Not really. I mean, as far as Bitcoin minors go, let's take a look at a year. Well, here's Bitcoin minors outflow. So you can see there's a big jump here in 27 July. Of course, there was a big jump here when we'll look at that. When the price of Bitcoin was 62,000, you had a big jump of minors coming and selling. Hey, you know, for all that talk about diamond hands and never letting go and da, da, da, da, da, da. Well, guess what? Careful you listen to because not everybody's doing that. Sometimes I just think that diamond hand comment is just manufactured so people won't sell. That's just my opinion. I've done away with that a long time ago. And then here. Oh, look at this. And there was a spike of Bitcoin price. That was again. Now as it's going lower, I think just not profitable. And they got to get out and get out. Let me blow this look at a week. Not really, really. But tomorrow we'll see those spike up, but maybe not what it was. What we think it is. All right. Good, good point. And let's see. Ian, thanks for coming a member. I don't didn't realize I even had that things turned on. I think it's like, it's like two bucks and you get a thing next to your name. That's cool. I turned off all the super chats because don't spend money on super chats. I'll answer most of your questions anyhow. So just save your money and, and buy some crypto. Not financial advice. Dirty rookie numbers in the racket. James is here. James is here. Geez. I got nothing but celebrities. I got James. Thank you, James. I appreciate it. And I got jungle ink. Another, another legend. I read Palestine was using Tron for stable coins. You think son, Justin son could build on real adoption, but he had to run out of coin. There's this guy. His name is coffee Zola. I encourage everybody to, to look him up. He did a great one on, on this Tron stable coin. And he took a look at some on chain data for all the difference of, you know, who was minting and who was using it. And it was like 90 something percent, Justin son. So yeah, that's what's going on. Kendall says, I'm confused on the three K price. Okay. I did, I did a bad job. Let's be honest. Let's be honest. Rob didn't do a good job of explaining it. So let me go back. There's a link in the description. And it's going to say, it's going to give you three steps to win 3000 bucks. Unstoppable domains came to me and go, Hey, we want to do a promo. And I said, okay, well, and I really don't, you don't do promos. They said, we're going to give away money. So great. We'll give it all to my, all my subscribers. And you know what's great about giving all the way to my subscribers. I don't have to hit that stupid button where it says that this is a sponsored, whatever. So they just give it to you guys. So 3000 bucks is what you got to do. You have to minch your blockchain domain. So what you got to do is the first thing you're going to go to Unstoppable domains. And you're going to find, let's see, let's go Dan. This is probably taken, I would guess. Of course it is. So you got to find something that's like a dot, like a.com or a.io. Well, these are, these are web three. These are addresses. And you just got to mint a dot blockchain. They're very cheap. Well, not Dan's blockchain. Sweet Mary and Joseph, Dan's dot blockchain is five grand. You got to be kidding me. I would find something cheap, something that represents you. Maybe be news. Oh, I'm released. Very nice. So it might cost you 20 bucks or whatever. Then you take that and then you mint it. And there's, there's plenty of videos on, on how to mint on stuff and actually have some here under learn a learning hub. They'll tell you everything you want to know. Anyhow, you take that dot blockchain, you attach your ERC 20 address or you attach your USDC address. ERC 20 is the token. It's on the Ethereum blockchain. So if you have an Ethereum wallet or if you have it in any exchange, you can actually use that. I recommend it, but okay. And then you just attach it to the blockchain to, excuse me, to the, to the unstoppable domain that you've minted. Again, it's, you can watch these and how to do that. Let's see. Right here. What to do after purchasing domain. There's a video right there. And then lastly, you submit this form. You're going to go to this website. I've linked that description. You put in your full name, your email address, your dot blockchain name and have you read the terms and conditions. And that's it. And they got a group of by Ram. You're not going to win 3000 bucks. It's six winners of 500 bucks. So if that makes sense. Yeah. Let's see. Mike says, no way you actually tell community to sell. Look, um, well, I think what we're talking about is with David at a coin ledger is remember that wash trading only it only goes for equities, not for crypto. So you can sell all your crypto if you wanted to and just generate massive losses. Now, depending on where you're at, you can only use so much, so much of those losses. And I think I want to say it's between three and $5,000 per year per annum of how much you can use for, for losses. So just be aware of that. Like I got some big losses, which I'll be using over the next like 20 years. That's just how it goes. So that's what they're saying. But again, once you and with equities, you can't sell it and then immediately buy it right back. You have to sell it. I believe you have to wait 30 days before you can re acquire, but in crypto, it's property. So that's it. Now they are talking about getting away or stopping that that as David calls it an opportunity. So that is still legal to my knowledge right now. And that's it. So yeah, each other. Watch those are no longer available for crypto. There was, they were talking about putting into a bill. And that's all that was, which was a lot of talk, which is what Congress is good for talk. Ian says, Hey, Rob, I managed to get four parcels of land on the crypto verse last month. Oh, pretty cool. And I bet it was cheap too. So I did a video over on Dan D. Jen, which is the risky stuff here is just the basic meat and potatoes dollar cost average. You know, don't be very safe. You know, maybe, maybe pinch that penny a little harder. But over in Dan D. Jen, it's like, Hey, let's gamble. That's essentially not, I'm not saying we're legitimately gambling, but that is like super risky stuff over there. So I do not recommend those for everybody, not for the faint of heart. And beardy says, don't worry in five years. We'll all be wearing gold plated diapers. That would be sweet. Alrighty. What else we got? What was this? David S. So what you're really saying is in a bear market where friends and family and even big exchange are having their clocks clean because of lack of regulation. No, I'm not saying about that. It's not because of, it's not because regulations going to lead to. It is the reason why there's a bear market. I will tell you this. If there was a little more clarity, I can almost guarantee that there will be a lot bigger institutions flowing into the crypto space at some points. I don't think they would get into it now because they're getting out of a lot of things, especially risk on assets. Take a look at the NASDAQ. But what it allows people to do, especially, you can talk about Wall Street or institutions or whoever you want to talk to, the pocket players, their whole thing is they already have money. Their whole thing is risk assessment and making sure they don't lose the money they already have and growing it as much as they possibly can within the allowable amount of risk. And when you have a sector that has essentially no regulation or very limited regulation, the rewards are very high, but the risks are even higher. So why would they do it? Well, I just go over here and do something a little bit safer. And on my $100 million, $10 billion, $3 trillion that I'm able to invest, I'll just get 5% to 6%, 7%. That's huge money. Why would I go over to crypto when there's not any regulation? So that's what I'm trying to say. That's all. What are your thoughts on the Mousy market? I think if you're a real estate agent, it might be time to look for another gig. I'm very worried about the real estate market, especially with the rates going up, because you guys understand when people are looking for, let me get rid of this, hold on. When people are looking for houses, it's not so much the price so much for the house, really what it is, the monthly payment, just like when you go to the car dealership, right? What did they say? It was the first time they tell you, how much you want to pay per month for this Nissan path, whatever it is. You say, wow, 500, 600 bucks. OK, we can put you in that car today. Da-da-da-da. At this rate and this rate, that's right. And they manipulate numbers, whatever else. It's the same thing when you're looking for a house, right? You get pre-approved, you get your pre-approved letter, go around and take a look. They say, well, per month, you can afford this much. Unfortunately, because of the interest that has gone up, what you would have paid 1,400 bucks for six, eight, nine months ago, now you're going to pay 1,900 bucks for the exact same price house because of the higher interest rates and mortization tables, right? So if you're taking a look at that, a lot of people are getting priced out and they're not going to be able to pay for it. And I think you're going to have too much inventory for houses and people just are drying up. That's why we have friends in construction and they're telling us that a lot of the home builders are talking about slowing down right now dramatically and not building so many houses because they know. They know what's going to happen. So that only makes sense to me. Why would I want this inventory that just sits around and it's an illiquid asset just sitting there? I can't sell it. I wouldn't want to do that. I mean, I still will. Yeah, you know, bullish whiz, all roads lead to Bitcoin. I got to tell you, I got to tell you, the longer I've been in this space, the more of a Bitcoin maxi I start to become. I mean, sorry. There's no rug pulls. It's already been up. It's lasted the test of time and so on and so forth. Now, the next bull run, I will be called a boomer or I may be called a boomer right now. I'm not for sure. But people will always tell me what a moron I am because it's a boomer coin. It doesn't really do anything. It's old technology. And you know what? The only advantage it has is first mover advantage. Let me tell you, I'm doing good so far as in 2010. Decade plus works out okay. Does that mean that there's not room for altcoins? That's not what I'm saying. I'm just saying that I get disenchanted from a lot of them as time goes on. That's what's up. David, SEC fooled y'all and you're brown-nosing them. Look, I don't care how I got to get it done. I don't care if I got a Trojan horse it to get into these institutions. But I just want them to do their job, give a little clarity and go from there. Of course, here's the problem though. There's a flip side of that. As the institutions come in, we love when the institutions come in, don't we? And they bring all that money. But guess what they're going to do? Manipulation. They're going to do a lot of selling. They're going to do a lot of buying, but they're not going to see the grand scheme of things. And they'll sell. They'll dump, just like what they do with everything. And there is, trust me, there is no mantra of diamond hands in institutions in Wall Street. I'm sorry. Yeah, live and learn. I'll sue you. Rip sells, just maybe. Boomer power. That makes me sleepy. Let's see. More or less than Max Kaiser running Bitcoin. Max said, I like planet rays. I don't know. I probably listen to planet rays more than I would Kaiser. Brandon says, Covizela has Sam describing crypto industry as a Ponzi scheme without really knowing what he's saying. You gotta understand. Take it with a grain of salt. What's the first rule? Actually, what's the second rule? Everything's a scam. So take everything with a grain of salt, even me, like even the things that I'm talking to you about, I try to link them in the description so you can actually, you know, look them up and verify. But even the things that I say, you can't take it for face value. You've got to take it, just dig into it and go, was that a deep fake that Rob showed me? Did Gary Gensler really say that? What's going on? And you got to just dig and dig and dig. And that's the only way to get it done. So like with Covizela, I mean, it's entertaining. I'll tell you that. But does he get it right all the time? No. Because nobody does. Because nobody's perfect. It's a good question though. John Paul, you never mentioned Dana. And I got to take a look in that. Love you. What percentage you lost? What percentage you lost this far this year? See, remember, well, Luna, I lost 100%. Let's just be transparent. And then I got liquidated on my crypto loan from Celsius, which in hindsight wasn't a bad deal because it was like, I got liquidated at 2,300 or 2,200 when Ethereum was $2,200. Those days, all those are good days. Got liquidated and that was my loan. The good news is that the liquidation already had the cash and the cash went to the house in Puerto Rico. Now the house is paid off. So it wasn't a bad deal. And then the Ethereum that wasn't was collateralized. I was over collateralized. I got that Ethereum moved to me. I took that Ethereum and I swapped it for Bitcoin and I transferred it out. So as far as like that part, as far as like how much I'm down my portfolio, it's a pretty good amount. But I told everybody before, the market's a little overheated. We should sell some. Take profits. It's one of my rules. It's the last rule in my rules. I got to take profits. So I did. I didn't take as much as I should have, but no one ever will. And I'll never time it right. So to say I'm down, I don't know, 40%, 30%, 40%. I don't really look too much because the only thing I'm really looking for, and I am how much a dollar cost average every week, I take a look at the news and see when the Fed's going to pivot. I take a look at just the basic on chain data that I can, just to see if I should start to ramp up my dollar cost average. And that's what I really care about because in three, five, 10 years, I'll still be here. The question is, will you be here? I mean, I hope I'll be here. Who knows my heart might give out. Let's see. Do I have faith in Ethereum longterm? Nope. I don't. I got time. We got time. It's not like the old days when you have to, like, invest for, you know, 30 years, just, you know, putting that same as account, wait for that business to give you that sweet pension right off into the sunset. It doesn't happen anymore. Unless you're an army, that's about it. You know, good pensions for the army, decent pensions for the army, but our government jobs. Besides that, it's not the same way. So, yeah, I've got time. This is funny. Robert, I tell you, I don't know Jack, but I was impressed with Cardano's best practice of not doing on-chain changes without first preview. It is pretty interesting. I got to tell you, in one account, they nailed staking. Staking is super easy. I did a video yesterday. Got a lot of guff about it. But trust me. No, no, don't trust me. Verify. Never trust verify. Go take a look at, try to stay Cardano. Just go do it. I got a video about it. It's linked in the description. And you can put it on. You can take it off. There's no lockup periods. APY is between 4% and 6%. There's a plethora of different nodes of stake pool you can join. And you can verify and take a look at them all. It's pretty cool. And it works great and flawlessly. I don't think Cardano's ever been down, has it? They have NFTs and DEXs. Yeah. Yeah, this is a good question. One mad one Martinez. What regulations do you believe should be in place? There's really, well, I guess you want to say four, but it really comes down to this. We need clarity. So we need clarity. What is a security? Okay, give that to Gary. If it's a security, it goes to Gary. What is a commodity? Well, that goes to Yellen. Go to CFTC. What is a currency? Well, that goes to the OCC, the Office of the Comptroller of the currency. Maybe, hopefully, if they get it right, they say, you know what, maybe we don't even want to do that. Maybe we just make a fourth one. We call those digital assets and we have that. That would be like what we call in the military, like when I was a combat medic, we call it triage. You just triage different cryptos and just say, okay, this, this, this, this, and off you go. I don't think it's going to be that way. So at least give us clarity. And the second, or I guess the fourth one, will be stable coins. I truly believe that if you call yourself a stable coin, you need to back it up with something that's actually stable and is pegged to something except hopes, dreams, and unicorn wishes. So I really think that they should, if you say, I have a, here's, we have a hundred billion market cap. You should have a hundred billion dollars or assets that are real assets that you can liquidate to fulfill that process if there is a run on the bank. And the only way that can happen, I mean, let's be honest, a little regulation and someone to actually take a look at that, that data. Now it would be awesome if you could use like chain link and verify that on chain and pull this off, this off chain data into the blockchain and then people could just bear anybody can verify. That would be sweet. I don't think we were there yet. So stuff like that, I think is pretty important. And then also, I think it's, it's pretty important for what Lummis, Senator Lummis from Wyoming talked about, which is distinguish if you are a broker, if you are a moderator or a node or you are responsible for staking, staking pools, that you don't have to KYC and AML all of your customers. That's ridiculous. So things like that, I think are the base and then we shoot off them there, whatever that comes to. Your wife is photobombing. She's, well, she takes president. That's why. She's the better. She's the better of both of us. I was just talking to the Jerry, a friend Jerry Hall and he's going to do some real estate investment over in Costa Rica. And he's got, he's, he bought property with a 50 foot waterfall and he's got eight different houses all around it. We're going to do a video series on it. It's going to be pretty good. And he was just asking, he's like, well, you know, with Airbnb and how's that work? I go, here's the mastermind right here. And Gabby was right here when we talked to him about the different things that he should look at and look to do and some cost analysis. And it was pretty good. Why no faith in that thing? It's a blue chip, right? I just, I know it's supposed to be, first of all, that difficulty bomb got delayed. So that'll, that'll increase the time between from moving from proof of work to proof of stake. So it doesn't make it unmindable for the miners right now. So I'm going to push that out. That's fine. But the thing that concerns me is this, there's, there was three different sections to get to what was called ETH 2.0 on the other. And I don't know what's called now. I always forget. So the first part of that already should happen. The next one we're looking at is the merge, which is going from the beacon or the beacon chain to going on to the proof of proof of stake consensus and then moving into sharding, which would be the third and final step. And that's not even going to come until we don't know. The merge has even been delayed. So the, so I just look at it and I just think it's just, it's a difficult thing because it's like building a foundation of, you know, if you don't have that foundation of concrete, right for a very tall structure, it doesn't matter how much support you, you build as you go up, it'll still crumble. And I just, I have a hard time with a theorem. And I think it's got a first mover advantage. That's for sure. But I mean, so did Friendster and so did Myspace. Hell, even Facebook had a pretty good, pretty good run there for a while. So I just, I look at and go, just because you're a first mover advantage, I mean, Blockbuster was crushing it for over a decade. I don't know if there's any even open. Oh, this is a great question. I will bring this up to Simon Dixon. Celsius had said that they did over collateralized loans to retail and institution. So did that not happen? I don't want to get sued. So I'm just going to say I don't know. Proof of reserves. That's the thing. I don't know. That's why like the only stable coin I use is USDC. And the reason why I do it is because the CEO, Alair, I always say his name, hopefully right. Alair, he went before Congress and said, we are 100% backed. And here's all the paperwork and documentation that you need. You can pour through it. Here's all our assets. So the things that we talk about as far as like the billions of dollars we have, we have it right here in reserves. So if there is a run or people want to take out all their USDC or offer just cash, here's the documentation. I'm like, I like that. I don't know what that is. How bullish are you in the meld? I was supposed to talk to Ken Oling a couple of weeks ago over in Austin. I missed him. I like, again, projects are great. They look good. And there was a question that was asked of me two sessions ago. And it was a great question. I think it was by John Marie. John, something. John Marie, John Luke. And he said, hey, Rob, he goes, if you take a look at your cut, which is, we'll eliminate the cut, the community utility tokenomics in time. Didn't that fit the criteria for Celsius and Voyager? So if it fit the criteria, what you use, why did it still collapse? And I had this lackluster answer. And I really thought about it for like the whole day. And I was thinking to myself, the cut really is to help you distinguish between like these new products that are coming out. And that's, it helps out a tremendous amount when you have, like, we're going to talk about sweat. The four products, the four projects I've reviewed on Dan D. Gen was Gensokishi. It was Everdome. Fame. And then now we just did one called sweat coin. Video will be out soon. And the four things that those all had in common was a massive, massive community before they even got into crypto. So like with Gensokishi, it was called Elemental Knights. It was already on Nintendo Switch, PlayStation, Android and iOS and had millions of players. They were going from free to play to play to earn. And to me, I'm like, that's, that's a slam dunk. They already have people coming in. Why not? And then with Everdome, they had with MetaHero. And then with Fame, it's the mixed martial art Federation over in EU, more specifically in Poland. And the people that fight in there are all influencers, YouTubers and TikTok and stuff like that. So like, that's a huge win. And then with sweat coin, they have over a hundred million users. It's the number one app. It's the number one health and fitness app on the globe with over a hundred million people. It took them 11 days to get to one million crypto wallets. It took them 21 days to get to two million wallets. And now they're already sitting at 10 million wallets. So when I took a look at this and I'm like, there's no way that, because they have so much that the community drives so much before they went, it's easy enough. And yeah, utility and tokenomics team are one thing. So the question then was like with, like with meld and Voyager and Celsius, what happened? So cut can get you through the door and understand and eliminate a lot of those other crap projects that are out there because they don't really have the pedigree and they can't make it. The next step is sustainability and scaling. And for that one, that just is just you being on top of your investments and making sure that you study as much as you possibly can and keep on them. And a prime example, a prime example was when I lost a bunch of money in zero token. Damn exchange. So what I did was I bought this zero token, something or other, and they did a token swap. I didn't pay attention. I lost all my money because I wasn't paying attention. And that's the same thing with like all these ones, like with the Celsius, with potentially whatever was going to happen and all the different other ones. If we don't stay on top of it, that's the only way because the cut can get you through the door and find you the good ones. And it's up to you to kind of maintain and just keep up to date, just like what Warren Buffett does every single week, month and year for all of his stocks that he invests into to make sure that, hey, these P&E earnings are a little bit off or these earnings ratios are just awful. I got to get out of here. It's not a one and done thing. You have to keep on it. So that, that's what cut is for as opposed to like the longer ones. Okay. No, it wasn't, it wasn't for, it wasn't the $3,000 to give away for Bitcoin. It was for unstoppable domains. Also do this in Spanish at some point. Sorry. Rob, debating about selling my house and being on a big cash position. I got to tell you, we sold two of our houses. When was that? I don't know. February? Somewhere around there. February, March, I think. January, February, March, somewhere around there. Two of them that were here in Houston. It was just the right time. I think now it's a little bit more difficult, especially with the rates going up. So I can't, first of all, I can't even tell you what to do because I'm not a financial advisor. No way. There's only one blockbuster left. I can't even talk about that one. All right, everybody, it's been an hour. So that's it. So look, if you liked today's video, give it a thumbs up, give it a like, subscribe, all that good stuff. And thanks for stopping by and hanging out with me for an hour. If you liked it, come on back tomorrow. Do the same thing. I think, actually, I take that back. I just lied to you. I'm probably not going to do a video tomorrow because we've got to do a lot of things with the other house to get things ready. And then we'll go back to El Paso. But a lot of good things are coming up. We've got Simon from our Simon Dixon from the Celsius Restructure Plan. And then we'll go from another surprise coming up next week. So that's it. So thanks so much for stopping by. I appreciate you guys. And I'll see you in the next one. Adios.