 For this the news piece now we'll get into the Q&A and one answer all your questions the best of our abilities And then we'll go from there and then Jerry before I before we take off any any last comments from everything We just talked about No, it's a it's a it's a great show one of the No, I don't know if you necessarily buy well, yeah, I guess you are biased I'm very glad to continue to continue to present information on Things that are actually doing stuff. I mean, how many we do we need another DeFi? Do we need another DeFi platform? How about though a platform that produces? communication internet for people that isn't Isn't owned by some megalithic corporation You know how cool is that so? I'm really happy that you continue to bring what you bring keep doing what you're doing is what I'm saying I'm trying. I'm trying man. So let's take a look here. So Oh, this is a great one This is what we alluded to in the beginning. What's your thoughts on Bitcoin for the next month next 30 days? Bullish September or bearish September? What's your thoughts Jerry? I dollar cost average into Bitcoin And it over the next 10 years and there's nothing gonna stop me Yeah, I'm I made a mistake Back in 2022 when I started to do this thing called micro DCing and I was still buying it was a Roughly half some around there of what I usually would put into it, but I was still dynamic DCing But I was still below so when I bought the the bottom, which was the bottom at that point 15,000 whatever which people always said it's not gonna 20k and I bought it, but I could have bought more the and I think that's Even when I said that a lot of sounds ridiculous look everybody With you're here right now, and you're buying at this point you're way ahead of most everybody else I guarantee you're you're you're way ahead of most of the institutions out there, especially with what's coming I don't know if the bull is gonna happen 2024 2025 But moving forward like Jerry just said he dollar cost averages probably doesn't waver in that because he keeps buying I'll be doing the same thing and actually be I'll be dynamic. It's called dynamic DCing Which let me show you I keep saying that dynamic you see I gotta see this Oh, you got it. I want to I want to be dynamic Don't we all Okay, so let me pull this up So this it basically goes like this So there's this website. It is a banner underneath me into the cryptiverse. Oh, I see what you're saying, okay Yeah, and During there are certain times and and every every crypto is different. Okay? Bitcoin if you want to call it a crypto There are times when it spends the majority of its time in these specific risk bands and What I do is I say, okay Well, I look at the trajectory and take a look at the largest point and what I do is I go, okay if Bitcoins it the risk level is 0.3 to 0.4. I'll just put a hundred bucks a week Round number examples not that smart need help, right? So I just you make round numbers and Then as it starts to go into like a little overheated territory Where things start to like heat up a little bit. Maybe I'll spend a little bit less on the other side when we started going into Less risky territory mean the price drops then I'll spend more and then more and then when I get over here I'm pretty much doubling up And then over here, I just say well, you know, this is where I want to go And then maybe I'll sell a little bit. I'll never sell everything So that's I mean that that's going way to the right because things get overheated and I always say like this is micro strategies plan Micro strategies plan is like look I'm buying at 0.1 and I'm buying at 1.0 It doesn't matter to me. Okay, and this is your friends your friends like we talked about on this point Well, actually we're over here is 0.4. I believe They're like no, there's no way and as it heats up. It's still a hard no But when it gets like Much more overheated. They're like, no, that's a soft. No, but it's interesting And then when it really goes crazy, maybe then they buy and they buy like crazy over here And of course over here, they're all laughing at you, but you're it's the person who laughs last laughs best and that's what I see coming over here. So Also to answer the question about September I Don't know Jerry ever seen this the site. Oh sure. This is Ben stuff. Yeah, I steal all the stuff. It's great. So like I like these these social metrics the indicator. I don't have ever seen this. That's pretty fun It's almost like sensing it but not really so you can see like he takes a bunch of different Tables charts so total my cap Bitcoin risk logarithm regression and he gives it a number So right now, it's I mean, it's not a great market. I mean, it's very boring. So this is like a safe time Safe ish. I'm not financial advice, right? And the social metrics This is like YouTube subscribers YouTube views all of us are down because people are just leaving So right now, it's not a bad time doesn't doesn't mean we can't go lower. Well, let me show you something Let me look at I Think it's ROI. I always forget it return on investment. Yeah. Yeah. Yeah, this isn't it though oops Very you No, there. That's what my for monthly returns and this is just Bitcoin and you can Look at it like Ethereum. Oh, I like this one better You can look at all the different cryptos that are out there. There's a ton of them Damn, you really added a lot of stuff. Those guys are working hard anyhow, like Bitcoin, for example, let's just use Bitcoin simple We talked about this on NFA live Thursday with me Ben and and Jessica so like September Traditionally is a really bad month not just for us But for traditional markets to out of the 14 months you're looking at 1 2 3 4 5 6 7 8 9 10 Or 13 months, excuse me 10 of those months suck, but Jerry, what's the old adage? selling me oh You know what I don't that's a hard okay. I I have Erased all those things for my mind So well, here's the here's the term is a selling man go away, but come back in October Well, that used to be when people because people used to actually go on vacations and they used to like Set the market they would they would put the market down for a period of time, right? Yeah, you need a vacation for all the different real estate things that you guys are doing over there on Costa Rica You need a vacation you can't make all that money. That's crazy So a You make hay when you can and that's what we've all learned right one of the things that I find is To let's put a bow on the Bitcoin thing Bitcoins expansion is generally always predicated on the Ability to borrow money. Yeah, when we are in it with when the ability to borrow money is easier today Than it was yesterday. This is very very good for Bitcoin when Credit is harder to get today than it was yesterday These this is very hard for Bitcoin and it needs some major catalysts like Fasby rule right the fair accounting practice board to to change the fair count a fair Value accounting for Bitcoin that'll open up balance sheet participation from corporations that want to do it Then you've got the BlackRock ETF. Yeah, that's a signal for demand supply and demand metric to kick heavy into the Demand element. Yeah This is all true all these I think all the nerves coming but again, we need Jerome's got to calm down a little bit see how it goes a little pivot action. Maybe stop raising rates higher for longer Who knows well, he's gonna do it. Let's be honest. Okay So to answer the question, I think September is gonna be awful when I say awful. I mean boring May drop 2% may drop 5 I don't expect a green candle on September, but October, you know historically is a pretty historically was a pretty good month only four months out of the 13 are Red four years out of yeah four years and you're right. Yeah four years So not too bad and then November looking pretty good December and then we'll just start the cycle again I don't really think too much is gonna happen until 2024 the big question is though is when the when's the big blow off top 2024 or 2025 or maybe in 2026 That's the question. Most people are saying 2095, but you never know Could be early could be later Ah Dave says big I love my comment section Bitcoin can be the greatest thing ever, but for now, it's not and Robert answers It's the greatest thing and then John says 93% of Bitcoin's already been mined. We are not early and Dave says it was 93% of Bitcoin being used to Transact daily and that's a good point. It's not Jerry, what do you think about it? Are we early because it's you know, we've been here forever Yeah, we are really early We may not be early in the mining algorithms inflation rate of Bitcoin But we're very early in the world understanding Bitcoin as actual value, right? About an asset of value understanding that it is a commodity without an issuer and How it will be used and what it will be used for is it gonna be a savings instrument? Is it gonna be a value transmission instrument? I mean, there's a there's so many question marks, but the what we do know is that it is stronger faster and Sounder then then so many of the alternatives Yeah, it's true. We should Jay, this is a good one. This is a good one to bring up Robin Jerry. It's all a play-doh Aristotle or play-doh Robin Jerry much of your profits are in property as landlords That's how you can afford to dabble in a number of high-risk projects. Many of us are hand-to-mouth. Sorry. Don't be sorry This was a great episode for you Aristotle this episode What did Rob talk about world mobile token? I don't know because I don't own a node but Rob What's the barrier to entry for a node on the world mobile network? Well now it's quite heavy, but before it was like it's I want to say I Can I want to say it's like the dollar amounts right now? If I really wanted to start a node tomorrow, what would my investment need to be? It'd be like 40,000 bucks. Oh dollars Okay, okay. There you go. However, but two years ago two years ago I could have got in on the ground floor for what a hundred bucks 200 bucks 300 bucks Somewhere between that somewhere between that a thousand. Yeah, so we're doing the same thing with hypercycle 1024 tokens one license and and your machine and and what is that as a couple Just doing some quick math of my head best of the market value. That's 700 bucks Yeah, and then so think of it this way like people, you know, I I remember so what when I did that video about link to and I kind of the credit investor and people like hey I'm not a credit investor. How how the hell can I do this and I remember back when I got out of the military the first year As I was like, well, I need a job because I was a medic in the military and had away from my licensure So I was like, well, I'll go back to my old job working the UPS at the at the airport And this was like this is in the Midwest negative 20 with windshield and I'm living pretty much I'm doing okay because like I have a I have a job. I was making ten dollars and fifty cents I remember I thought it was like the greatest. I'm like, I can afford like this little crappy apartment I can get fed I can you know, and of course I was younger so I had a lot of things But then as time went on like I would talk to like some of the guys at at at work And they were investing in a certain thing and I was like, how do you guys do that? Like I'll just time I remember that there was a guy Gary I know his I remember his first name was Gary. I want to say his last name Donald but whatever He was a farmer and he got into just like getting into stocks and he was like, yeah, but he worked in UPS as well And he said yeah, like I do this and I've been doing this for like 30 years He goes now I just come over here because I want something else to do but for over time He did pretty well and I think that's the big thing people aren't like accredited investors like Joe I don't know what you know where like your funds went But I know you were you went the last cycle you went heavy into some pretty degenerate plays I must add and it wasn't like you were having a ton of cash, but Where'd the money come from or at all that the funds was it all crypto that Or was it retirement? Yes, it's over time stacking cash. Well, my story is well documented 2015 I retired with $23,000 went to Hawaii Learned learned that my nest egg wasn't there the house that I had purchased for my mom in 2016 when she passed I figured I needed to learn how to do something learn how to do some investing and so at 50 to 53 years old I started with $23,000 and In and yes, the majority of the gains came from crypto but I've since diversified into real estate and in some other stuff and I have a much larger traditional portfolio with like Charles Schwab than I did in the past. Yeah And but I'll tell you the thing is if you understand Your your number one investment should always be education, right? I think that's where you that's where you've excelled I've had to become a student. I've had to learn how to have money make money. I was not taught these things, right? So my journey started in 2016 and I said it's learn about assets. What are they? What are commodities? What are what is the monetary system? What are monetary policy? Got it once you start learning these things then all of a sudden you think into yourself, okay Well, like Aristotle says he's living hand-to-mouth or some people are living hand-to-mouth. Yeah I mean, well, I was a guy that lived hand-to-mouth, but I was making 10 $15,000 a month What does that tell you that tells you the way I interacted with money was not in the best interest of having money later Right, right. I had to learn I had to learn to make to make choices Again back to and we're not gonna solve this problem on this cast But the point is your number one investment should be education and once you start educating yourself Then the next right move gets easier to make and then the next right move gets easier to make and then the next thing You know, guess what? You're not living hand-to-mouth anymore. The next thing you know Money that you made and invested and did something with is generating a yield that becomes your income That is or at least was my Goal. Yeah That's yeah, I was yeah, you know what like that's another thing with like well, I remember Rich dad poor dad. Yeah, and I myself oh at some point I'll be able to do this This would be great, but I couldn't do it at a certain point because I'm like, you know I'm this crappy job So, you know over time you just kind of build up and then just get into it But the thing is though is that like how much can you put away? How much can you do and how much time will it actually take and here? Okay? Here's a prime example. This is a great question to believe you know, Alex says what about Cardano Is this price attractive for DCA? Let me show you I'm always using this tool Which you guys can use it's free DCS The asset. Oh, yeah, exactly. So let's just do the asset is Cardano, let's start when I started and move forward It was now wasn't December to it only goes to search my thing Okay, let's do that Hold on Well, I started before this but whatever So let's say you want to do now 20 bucks a week That's reasonable, right? Yeah, very 20 bucks a week you start on December 14 2018 You end today So if we would have if I lump sum that over the whole time because Ben's thing shows lump sum which is great, okay? But it gets tricky so if I had 20 bucks a week for 26 years or so I would put in almost five thousand four thousand eight hundred eighty if I were to take four thousand eight hundred eighty Which again if you're living hand-to-mouth you cannot do at the peak of Cardano, you would have had a Lump of four thousand eight hundred eighty Would have given you almost half a million dollars, okay? Let's not let's say that's not gonna happen because some people have lump sums. However, if you did 20 bucks a week And for for Cardano at the very peak You would have had a hundred thirteen thousand and he would have only invested two thousand eight hundred twenty Which would have been a perfect time to take you would have set some parameter for profit-taking before that Yeah, but you know no one's gonna hit like I don't know about you Joe. I can't hit that stuff I just not that smart so like you can set a parameter though And I know you are that smart because I follow your channel. I watch what you say You're very sweet cherry. Thank you and you've you've set you've set parameters at that I am gonna take some profit at this milestone Yeah, I go up it may go up 300 percent from that then very next day But I'm gonna take my profit at this parameter and and once you again back to education should be your number one investment That is a tool you get from educating yourself around cycles True you know what I'm gonna show So to answer to really perfectly answer this question is yes, there's money made. Yes, that's in the back I will say two things first of all I'm just gonna show you one thing. Hopefully Ben doesn't get too ticked off So, let me know you're not paying right for that. I'm not paying right I Put some funds in let's see. So let's see Okay Listen, I'm gonna show you something and people will complain cuz like I pay for that trust me There is so much stuff in here. You'll never be able to go through all of it. It's just impossible. This is crypto This is all the stuff in macro is so much stuff to make to really make smart decisions And again, the link that the link that's in this the link in the description to get 10% off the first month But the stuff I just showed you with the DCA tool if you go to the website You can sign up for free and use that tool. That's what I use a tool all the time. That's most stuff. So let's see crypto risk bands So this is the this would the the one we just showed you right the Bitcoin one So let's take a look at Cardano Ada is currently in the 0.1 to 0.2. It's right here So as far as like risk levels, it's not a bad time If it goes down to here, it's a really good time, which is what I think Ben is actually thinking is gonna happen I don't know if it's gonna happen, but to answer your question Yeah, to see everything else like Ethereum BNB sole link. I think he's adding some more later Hit the website. That's the first thing the second thing. I'll just say is this this was a comment from somebody in a subscriber They said it seems like as time goes on You'll have relics of the past of the old whatever projects that are out there and then VCs get involved and bag holders get involved and it's Harder to actually make it up in the next cycle So that's why you'll see something like Solana come out of nowhere because there's no bag holders There are VCs, but I'm working on project right now and I can tell you right now those VCs and everybody's investing They got a lock up here between 12 and 24 months So even though like Solana had a like did really well if yes I have VCs, but there's a point when everything becomes unlocked and then of course things get dumped Moving into the next cycle take a look at those products that are really gaining ground right now that don't have a boat Load of bag holders. That's why we talked about optimism That's what we talked about arbitra and that's what we also talked about Hypercycle they don't have anything. I mean, I don't have a bunch of bag holders right now So moving into it just take a look at those it's risky like Aristotle or Plato talked about hand-to-mouth But some of those risky plays do play up not financial advice Just telling you this is what I see and this is why I'm actually investing into arbitra heavily not heavily I mean recently we'll say that okay Jerry, what do you think? I Agree Great sounds good But but but do you but see you're more of a degen than I am because you got into some crazy like farming plays I Don't and you get really well yield generation. So again back to you know, what what are my goals? My goal is not to die wealthy It's not my goal. What's your goal is to have a really nice quality of life now That's a good one. And so and so when my assets can generate a yield I'm able to use that yield in many different ways, right? Sometimes I buy other assets. Sometimes I buy a nice shirt Whatever it is. Yeah, you know, I mean you had me on your show when I was I was literally on a budget of $350 a month With a million dollar portfolio That was well because you were really going heavy in some things. I believe I was stocking assets instead of drinking lattes and again, it's back to that whole education thing right if I Was not earning a living So it's not like I had income coming in that I could budget and direct I had to make calls right if I drink this latte today. That's five cardano. I don't get to put in my wallet Bye-bye latte. Hello water Which I gotta tell you like right now The the problem with like the you watching this video You're not the problem investor the problem investor the people who are gonna talk to you and call you up and text you When everything blows up Those are the ones that are like, you know what I should do I should Start, you know stop buying these lattes and get into Bitcoin when Bitcoin like when the risk levels are at like 1.0, you know 0.9 to 1.0 and then just it's just kind of like too late and honestly like right now to me personally like This is the time. This is the whole year has been the time. What a blessing this year has been from an Acquisition the acquisition standpoint We are going to see another upswing because we always do business cycles ebb and flow and they have Since the beginning of free markets Let's see. Yeah, but let's see if I think there's another downtrend coming because I am I am a bear most times So we'll see what do you think predicates it? I'd like to what do you think is that the at the foundation in of of a upturn or a downturn? the talk of a risk that the talk of a recession and The Bitcoin ETF possibly being either delayed or outright rejected And when we start to hear about the news and the news about the recession and the money printer doesn't go back on We don't have access liquidity in the markets. Then what do people do? They become risk-off. We're a risk-on asset I think that's the problem moving into it But you gotta understand one last thing about recessions, you know, the recessions are great for they're great for killing that inflation And if the Fed couldn't do it with a quantitative tightening and the and the raising of rates Recession will do it for them and we'll be below 2% and we just move forward It's always like it crunches you and then it expands later on like after the last The the Great Recession 2008 2009 wait over a decade of economic prosperity that we've never seen before Same thing moving forward. I think I Agree 100% it's all gonna be based on the ability of credit Friends like you said, and it's and it's the rates are pretty high right now How about this? This was this was off to our last topic. We talked about page 24. Thank you DS flat Page 24 of the BlackRock ETF application states they can choose whichever fork of became Bitcoin. They decide is Bitcoin They also state Craig Wright is danger is a danger on page 48 still not worried So everybody thinks that it's gonna they're gonna stake it do something crazy Well, who knows but that's not it's good to enter, you know to be aware of these things Yeah, I want to get caught off guard, but you have to also play your do your own game theory in your head What is in for instance? What would be in BlackRock's the best interest? It's super simple go with the herd Urge is where the money is not not the side chain not the new fangled thing you've got control of Yeah, I gotta agree. I mean I think that if you want absolute power See that that's a very that's a tricky play right you want absolute power absolute absolute Then you can do it you can fork it and then you create your own have your own miners But it's some is it really worth it if you've got a a market that's it's less than a trillion dollars And they could potentially take over the globe and you on the majority of it or not majority But a large portion and your you put that in you actually buy that hold that in your spot ETF I think there's more of an upside the other parts. I guess it's risk-first reward ratio, and I'm not BlackRock So who knows ah How about this one? Hey, Rob. Thanks for tangent video. You are welcome tangent Jerry. I don't if you know it It's a I know exactly the CEO wonderful guy. Okay, great. Yeah, I just did a quick video on that one He says but I'm but your guests just mentioned a project I'm interested in but I've not heard anyone else talking about I haven't heard about this till Jerry told me hypercyclists Something you've looked into a little bit, but it's confusing me Jerry sent me a video of it And I sent him a video back of that of that guy who makes like like the most ridiculous Assertations as to like explain something. I don't I don't get it So I'm glad Jerry was on I kind of get a little more. I have to look more into it So no to answer your question I haven't looked heavily into it, but it's it's it's interesting and there's a lot of smart people looking into it However, that don't don't be that determining factor There's a lot of smart people that looked into FTX and they got burned too Not that's not that hyper cycles FTX was saying that smart people get it wrong. No and again Everything what is what is your your banner say? Everything's a scam until proven otherwise everything's a scam until proven otherwise exactly Preach it Jerry preach it as they say hit the like button. Thank you Education is key Future millionaire, right? Yes, it is. You've missed me by the tangent mall. I use your link. Ah, thanks, man See someone did was did a smart thing. They bought the three pack instead of my I accidentally bought the two pack stupid It just it's like ten bucks more to get one more card and it's not so it's an expensive 45 bucks for two 55 bucks for three and I think I give everybody 10% off Not bad. Oh Love that meet and have drinks. I like drinks. I like drinks D gents omen does the arborism token of a purpose do they any of them have a purpose? Do they all does does any of them like do something that you absolutely need right now except for aetherium aetherium? I need that stuff for gas fees and it takes me off. It's so expensive so although there's a cycles token is absolutely 100% needed to to fulfill the payment requirement of the smart contract for the AI to produce the work Yeah See like an Arbitrum is an L2 So I believe it that there is definite use case because guess what you don't have L2s You got to pay some super expensive for like gaming or other transactions It doesn't work out too well and also I've been playing this game lately I know you haven't seen this gear. I have a thesis that games are gonna blow up There's one called pirate nation. It's built an Arbitrum and when I do transactions It's super cheap. It's like pennies. That's like things like fractures and pennies So when you're like buying things and getting NFTs and stuff like that you put them on chain. There it is. It's very nice Here's the thing you you you develop a game build a game Produce a game and get it out there that Anybody can play on this and all they need the wi-fi connection Oh, like I don't I know you do flappy birds and it's that whole that whole concept of when somebody builds something That a billion people use Hello, I mean it is huge for the folks that were in on it It will be I'm gonna so everybody here. So everybody knows that I'm we're We're bringing back flappy bird. It's gonna be on web two web three and That's all I can say honestly, but you guys will be the first to know and I'll be doing airdrops and I'll be doing giveaways so Watch out Jay two days says there's way too many macro negatives. We've got to that's true That's very true excellent interview I don't want to have I don't want black rock to have any bitcoin as they will mean they will become a price manipulator Sure. Well, hopefully they manipulate it up and we can all you know If if you even want to you know, there was a there was a video I watched He was from bitcoin university. It's a good channel very bitcoin centric, obviously And they said the downfalls of taking profits and it was a good it was a good video and was a good point You know, we always talk about taking profits And they said well, what if you took profits and you lived in Venezuela? You lived in turkey for the lira and of course everything just collapses These and these situations. This is a bad idea And they talked about what if you live in Sub-Saharan Africa and you took profits and bought a home and then the government repossesses your home Now you took profits. What a what a bad idea And it's a it was a good point to really think about that in certain situations taking profits is a pretty bad idea for for bitcoin moving forward, however Jerry, I don't know what you think about this But like to be able to use your your bitcoin to pay like let's say you have massive massive bills And they're like the interest rate is like 20% or you want to own your home I don't see a problem with having putting into assets that you could actually Depending on the place that you live But that's how I see it. Well, that's an exchange. You're making you're making the value exchange, right? Like I want a place to live So i'm taking i'm converting the value of this asset into this asset the asset of maybe bitcoin into my home I can't live in bitcoin. I can't you know, it doesn't keep me dry in the rainy season You know what I mean? Yeah, but a roof over my home does Sure, but you know what that's that's what the white paper said, right? It's a peer-to-peer transaction That's what it's supposed to do So like I mean if my if my mortgage company took bitcoin, I'd pay them bitcoin I'd say, you know, you might want to hold on to that slip, but you know, they wouldn't so But if they just take dollars, we'll just you know, transfer to dollars You know what's interesting and I'm waiting for you to do an episode on this and that is When do you get to the point? Right, when do you get to the point where you don't take profits where where you no longer Ever get rid of your assets you just borrow against them Like for instance this bitcoin etf with black rock, right? Let's say I have my black rock account I do have a fidelity account And let's say this happened. So fidelity has a bitcoin etf and I have A million dollars worth of its etf stock in my portfolio And uh, I don't want I need I need some money now. I've run out of money So I need some money and it's a perfect time to take profit, but Maybe this is a growth thing. Maybe bitcoin is going to continue to grow for the next 100 years and taking any profit would be stupid Maybe I should borrow 10 against my etf hold it That way I'm never letting go of my asset You know what I mean? There's all once you start learning. There's no one-size-fits-all process for anybody for anything But once you start educating yourself, it's like, okay, there'll be times where taking profit in cycles when you know for a fact The world isn't ready like the world was not ready in 2021 for bitcoin Us that were in it loved it going to 65 and selling at 65 and Buying back in at 20 was a great strategy. How many more of those cycles do you think we have? one two Well, at what point do you say we've reached escape velocity and there is no more going below this seat this floor? Where's the floor? Where's no That those are those are the mechanisms So you have to you you can't discard one strategy versus the other you have to be open to Whatever's in the middle, right? Maybe some compromise and that's what I love about how you were always talking about um We're it we're in a market that's too early to leverage So it would not be a good idea to borrow against your bitcoin Yeah, I found that out, but but however, I will tell you it's a great Opportunity to borrow against your million dollars of micro strategy All right, right right, you know what I mean? So it's it's there's not it's not like leverage is bad and this is good or not I mean, it's everything is this like keep educating ourselves and learning the nuances Because what the nuances for rob may not be the best ones for jerry It doesn't mean either one is good or bad and your channel brings a lot of these kind of things So i'm glad that you keep doing this Thanks, jerry So and then jay today's got a good point do as the rich do leverage the asset and long to keep built There's a term in america. I don't know if it's globally, but it's a buy borrow die You buy borrow die So you buy your assets you borrow against them and then you kick the bucket and die and the next generation of your kids They get that they can run after they can write off the the loans if they have to everything's in a trust and of course You know taxes are minimal because everything's in a trust and it's owned by the corporation and blah blah blah so Yeah, that's a but again, I've Done loans did it on Celsius as a matter of fact Not a great idea And uh, of course when you get those margin calls, you know, because that's very volatile I think right now it's not a great idea to borrow against bitcoin, but yeah microstrategy microstrategy sure and then Here's a question This is a great question Ryan Vegeantech nailed it Why would I need what why would I need this the central line consensus of a blockchain to play fiber? That's the great thing. You don't you don't so So here's an example Let's say that let's not use flabby bird because that wouldn't not a great idea But let's just say for example we use another other bird based game Angry birds. Let's say for instance angry birds wants to come back on web 3. Why would they do that? That makes no sense. Well first of all what they could do perhaps maybe is The web 2 version Could have it where you because in flap in angry birds. You don't really earn anything right? What if you could earn like a a nice nft or something like that? Which will just stay on the on the web 2 and then maybe you could take That nft and maybe put on someplace else or you could have it and you own it in your wallet And you could take that and cross it over and start to sell that on say like open sea That'd be one thing or maybe you could say Like in the game itself angry birds not floppy birds that you Play so much that you have nft and it has all these upgrades And you can loan it out to somebody else who wants to get farther in the game And you can rent it out. That's one thing. What about the token? Let's just say for instance in angry birds That you take this token angry token And and you're able to buy up these tokens which would buy will be like some of the in-game currencies And you take those tokens for in-game currencies and let's say that you want to say, you know what? I'd like this. I'm going to keep this on me and I can stake it accrue more tokens and then also let's just say for instance that I don't know maybe the creators of angry birds say You know what we'd like to do if you'd like to give some form of royalties back to you for all the money that we make On the web 2 version And the amount of token that you're able to actually take you get a royalty A percentage of the cut for web 2 where's web 2? Angry birds make money makes money in two ways It makes money on advertisements just like how facebook does it and the second one is iap's which is in-app purchases Which is crazy enough A lot of people or some people Buy like hundreds of dollars of these things in these little goofy games trust me. I know my wife plays pogo.com for some reason and then of course Maybe down the road angry birds gets a book deal or a publishing deal or something like that and you get revenue Or synob revenue to me royalties from that This is just one thing that we that you could think of and before anybody says well, that's ridiculous Why would you have like kind of some kind of in-game currency? Look at two popular games roblox roblox and fortnight when you go into fortnight You get z-bucks or v-bucks or whatever it else it is you actually have to pay for that for those Those types of dollars those types of in-game currency and it's not just one for one It's like you get a mass amount and then roblox has I think it's roblox or something like that Again, why don't they just have the dollars while they don't however using that? Could you stake it and give royalties and all those things? Well, no, you really couldn't and all the things that you buy in in-app purchases Can you take those off and then rent them out or sell them someplace else? No, you cannot So these are just things that we I think about In a hypothetical game angry birds. That was a very long explanation. Sorry jerry. What did you did? I cut it all. Here's the thing Regardless, so the question was why would you want to decentralize network, right? Yeah, anytime that you have value You need security, right anytime. There's going to be money on a network. You need it to be secure Or the people on the network will not trust it and will not use it Right. Well, when you're talking about angry birds, you're talking about a very proprietary Terry element where the value on the network is being secured by the corporation that runs angry bird the game and They are 100 responsible They could go up. They could go down tomorrow, right? But when you're talking about ownership like a like a like a Bearer bond like a like a a bearer instrument that if I if I have this thing I own it Yeah, which is what you're talking about with NFTs and da da da da In game currencies and these type of things that that can be transferable They're bearer. They're bearer instruments You need to be secure And that is why you would want to stake and that is why you would get rewarded for the Helping secure the network so that bad actors are not in there Doing malicious little ecchi things Yeah, like they did to the da like the little story we covered. Hey, so So here's so here's another example. Let's just say an angry birds You have some kind of like like like a horse racing style game And you want to wager against other people who are playing on the same network Maybe the tokens that you have maybe you could put those up as a wager And you could say I think I can beat everybody And then you go and the certain way that you tap or the different strategy that you have will determine if you place first second or third and you could use that as some type of version of wagering so there's also that and Yeah, yeah There's a lot of you said I got into some dj and stuff Ah, that's not true Hey, there is a there's a pretty interesting game out. Uh My friend Steven who owns uh the San Juan smoke house He gets it was it was a it was a token called crown and it's you and it's like, uh, it's not AI But it's like it's horse racing which you can use the token now I'm not telling everybody gamble on youtube. You cannot promote gambling, but I'm just saying that this is some type of Buying horse something or other but I thought it was interesting and like the token went crazy And I think some people like to gamble. I don't know. I don't know why you would want to gamble I'm just kidding. We're all in crypto. We're all gambling. Are you kidding? Yeah, I guess Yeah, I guess that is I I think investing is I guess a form of speculation and speculation can be considered gambling I I don't like to frame it like that because it's a negative context The only gambling I do is my fantasy football team and my fantasy baseball game. That's um, that's reasonable. That's reasonable All right guys, so uh, look we've been almost going an hour and a half Jerry's got stuff to do He's got to go work out. He's got to go eat healthy all that good stuff. So Jerry, thanks for stopping by man. I appreciate it. Great stream. Thanks, Rob Look forward to talking more about happy bird and hypercycle in the future Yeah, exactly. Everybody if you like today's video thumbs up consider subscribing. Everybody's talking about his time sensitive That's it for today. Thanks so much for stopping by. We do appreciate it and we'll see you on the next one Adios