 If you want to stick around for a little Q&A, I'll answer all your burning questions, the best of my abilities, and we'll go there. But before we go, thanks for stopping by. I do appreciate it. I know sometimes I see a little bit gruff. I just got a lot of things to do today, so I'm trying to get things moving. Usually I'm a little bit, a little bit not so rough around the edges. All right, that's what's going on. Let's go on to some Q&A. Rob is Dan, Dan is everybody, some of us. So yeah, Digital Asset News stands for Dan. Most people just call me Dan, but Rob's fine. All right, Piper, we just had a nice little meetup yesterday at Union here in El Paso. What's up, buddy? The NCOA will be proud of your concession. Thank you, thank you. Ha ha, is the day to day I got modded. I got a lot of mods. I think we're okay for a while, but I'm watching you. Oh no, buffering, sorry man. Amazon Web Service, how free is free is always a trap. Is always a trap? That's true. Watch that deep dive video and you'll understand it. So the trap is, well, I will say for Satoshi Miles, it's, they really depend on you, I think, I'm not for sure. I haven't had the people on my show, but I think it's because it's all affiliate links and of course they want you to kind of use those. You don't have to use those. And it's pretty cool. I mean, you can just start to accumulate Satoshi's, which is awesome. Michael Payne says there's a free and a paid version. There's a premium version for sweat coin, but it just doubles your steps. So if you want to do that, I guess. All right, I got 168. Interview on it. That's never gonna happen. Oh, it could happen, who knows? They never say never. Is it free? Yes, it is free. Yeah, I don't trust anybody anymore. Yeah, I think Ben would like that. Hey, everybody just, everybody shot up Ben and tell him to use that S-Miles app because he loves that stuff. Paul Barone Network rules, what? That's slouch. Let me tell you something. So there's a link. I gotta tell you, I'm gonna say link in the description more than I say, I gotta tell you. There's a link in the description. If you scroll down for the YouTube channel recommendations, there's a bunch that I watch as much as I possibly can. Coin Bureau and Best Answers and the Cryptiverse, you know those guys. And there's Paul Barone. Good guy. And there's another one I added just today. It's called Value Tainment. It's great. One of the videos I did, they talked about the incoming real estate crash and a lot of the data points that he talks about makes a lot of sense and I can see it and I agree with them. So that's a new one to the list. Then crypto stash and of course, our man Simon Dixon. So check those guys out. They're all really good and they're not based on Hopium and craziness. So that's why I watched them. That's what's, that's that's it. Ah, all right. Kevin, Shilling sort of again. So what's defined with Shilling is, shall we? So I'm getting really sick of that word even though I was a self-proclaimed cream of shills. Shilling definition. I would say promotion would be better. Oh, well Shilling is the former monetary unit of the United Kingdom. That's what you're talking about. Ah, here we go. So let's take a look at this. So Shilling is a hustler or con artist who tries to give himself to people to buy something or think something is great. Shilling without actually ever owning it. They have ulterior motives for their actions usually because they are the actual seller or of something to gain if the product sells well. So here's the thing. I have nothing to gain if you go there and gets S miles or whatever else. Now I will say this, if you want to say that I'm a shill for Bitcoin because I talk about it, that still doesn't make any sense. Because yeah, I own it and I'm super biased on this channel. Most things I talk about, you may notice of things that I personally own. That's just the truth. So I use those things. I like those things and I would like you to use those things. Where's the problem? I tell you there are affiliate links and we go from there. Yeah, I just saw this. They're gonna go from negative to positive which is crazy. What do you think about the EU central bank raising rates the first time in 11 years? Think of it as it's about time. What's supposed to be honest. And then also, let's take a look at the app, inflation, did you also know that this is free? So there's this app. It's app.trueflation.com and there's also a link in the description where you can find this. I love this because it has 30 different data points, 30 different data points and it uses chain link as an oracle to pull an outside data into the blockchain and then give you what they believe is the right inflation rate. And they were way higher than what the government thinks but what I thought was interesting right here and they're actually going to, this is just US stuff but I had on Stefan actually, you know what? So if you go up here, right here, so it's keep an eye on inflation and there's the app, the website. Here's the FAQ video. It was me and the CEO, Stefan and we talked about how they get those 30 data points, how they're branching off into EU and things like that. That will be interesting question right now as we see inflation actually go down. This actually makes me pretty bullish on the crypto spot because July 27th, when the Fed comes out and raises rates, which they will, I'm wondering if they're going to use current data or the old CPI data, which was from, you know, was that 13th of July, which is actually retroactive. So for me, EU central banks raising rates, it's about time. That's all I can say. Ah, grow the beard. Nah, I just didn't have the time to trim it up today. Cause if I really let it grow, it looks like a skinny Santa Claus. It looks ridiculous. I am a grandpa. That's the truth. How many prices sell on Amazon? I tailor them down now because right now is not the greatest time. You can sell on Amazon, but the best time is Q4. That's when holiday shopping hits. So, you know, we'll probably ramp up. Really not that much. A bunch of gas caps and yoga mats and stupid stuff like that. I'm actually looking to get out of Amazon because you gotta really gotta think about it. Like the margins are fine, but they raise the rates all the time. It's kind of a pain. I think it's not as fun as it used to be. Cause it was fun just to do it, but these days I'm like, just a drag. Let's see. Hey Rob, you think Matic can come down at 31 cents? Did we see Bitcoin again? Man, maybe. I don't know. Yes. Hello, Sean. Thanks for signing up. William does. That's thanks, William. You do it right. Offering and taking someone listening to Zor, but shilling is not what you do. I just do it with news flash. No, it's not. Look, this is my favorite audience. I gotta tell you something. When the next bull run comes around, I know I'm gonna get a boatload of views, but it's gonna suck because it's gonna be a bunch of people who just wanna be the next Dogecoin millionaire. And they're gonna say the dumbest things in the comments. And I gotta put up with that nonsense because you can't be a jerk or you can't use, you gotta be diplomatic as much as possible for YouTube. I hate that part, honestly. But they say the dumbest things. And then the people like us who've been here for quite a long time are like, ugh, we just gotta roll the eyes and just kinda deal with it. People will get it, but it'll just be a transition. I'm six minutes behind, so if he gets the answer, that would be nice. What was the question? He's saying he's gonna, it looks weird, I'll tell you that. Rebabu, hey, Rob, I invested $700 with Binance and Stake them. Okay, I know I should get a cold storage, but for this much investment, should I go for it or should I wait so that I can buy this with Book Probably? So did you stake your Binance Smart Chain with them? If that's the case, then that's the way you can do it. I have a little bit of BNB just for transactions on my MetaMask wallet when I wanna do different things, but that's about it. I'm not a good person for that one. But in all honesty, everything that you can potentially take off, take off the exchanges, there is a caveat there. Let's say for example, you're buying $25 worth of Ethereum. Would it behoove you to take that Ethereum off of an exchange where the ETH fees are like $5 every time and put it into your cold storage? No, probably not. You probably wanna wait a little bit because the fees are ridiculous. Now, there's some exchanges that don't charge a lot of fees and right now the fees aren't crazy high. So you could probably get away with it. But it really just depends on what you wanna do. I can't give you financial advice, not a financial advisor. But for me, when I look at these things and the fees, I'm like, if it's $25 and the fees, $5, forget it. I'll just keep it on there. Will I lose everything? Yeah, probably, or maybe, but maybe I'll just accumulate a little bit in three or four weeks and then take it off every three or four weeks. So what do you ever wanna do? Are you still a fan of Theta T-Fu? I am. I like that company. I like where things are going. I mean, hey, I still have a channel over there on Theta, but we'll see if that's the next big thing. Hello, what's your take on Solana? Solana's, I'm beginning to get a lot more bullish on Ethereum after that. The news report on those ZK rollups, whatever they ZK EVM rollup or something like that for Polygon and how it's hopefully gonna lead to greater scalability and reduce the fees. Now, the test net rolls out, the test net I think is actually already there and by the end of the month, no, I think it's a, yeah, test net's already there and if they can pull it off and it does what it says it does, then Ethereum becomes a bigger juggernaut than what it is right now. So Solana, I mean, it can go up, market cap isn't that big, but how much can they actually take? So the question is, do you think Ethereum's gonna be the 60, 70, 80% and then the rest of the layer ones like the Cardonos and the Solanas and the Avalanches are gonna just pick up the scraps? Or do you think there's something else that could do pretty well? I don't know. Well, they don't like about Solana and you can drill me in the comments, but how many times they shut down? How many times they had, you know, DDoS attacks and things like that? How many times they asked the validators to reset? That's a security issue in my opinion. And of course people will say, but no, no, no, it was a slow down, it wasn't a shutdown, whatever. It just makes me concerned, right? I'm not gonna sit here and be a fan of something when I'm not. Do you hold me all right, do not? Do you think XRP is gonna win the case? I do. I don't think it's gonna be, like nobody really ever wins these types of cases where they come out like that. I told you 100%, I think there'll be some give and take. I'm just glad that they didn't settle and I think they don't want to settle. I think it was a report, Brad Garlinghouse came out and said they've spent over $100 million in legal fees to fight this case for the last two years and they want a decision. If they settle in court, outside of court, then that doesn't do anything to set precedent for the next case that the SEC tries to pull, which they're gonna pull with these other ones right now. So if they can take them all the way and the judge gives a ruling, which they're already 100 million deep in cash, let's see what the ruling is. I think they're gonna pull that out. But it depends on the degree of which they actually come out as a winner. Rob, when you come in with a coin, I already got a coin, it's called Tomato Coin and it's worthless. And I did airdrops to everybody who's in my D, in my D new Stakeful, a worthless coin. I don't know. So Zachary James, I just saw this from Eternal Wallet. Eternal Wallet looks pretty cool. I need to, Dan, can I connect with your A to Stakeful? First of all, if you didn't know. There is a link in the description. And it looks like this, Dan Cardano Stakeful, blah, blah, blah, blah, blah. And that'll take you to a webpage, which is on Dante Descripto, which talks about what a Stakeful is. There's been proof of work and proof of stake, how to stake, how to take your Cardano off of exchanges. And you know how to stake with me. You can stake with anybody you want to. But what I should really do, Zach, is I should update that video to include all the different wallets that are out there. Because right now it's just, I don't have Daedalus, Yoroi, and A to Light. I'm not a big fan of Yoroi, just not. But the other ones are pretty good. So yeah, you can, you should be able to stake it if it's a Cardano-based wall, which is what I saw. So yes, I just don't know exactly the steps one, two, and three. The biggest problem with ETH is when it's busy. It's super expensive, yeah. And that's the problem. So that's why these ZK roll-ups where it's a Layer 2 solution, think of like Lightning, you know, Lightning on the Bitcoin Network, Layer 2, Hover's above, but it's not just one or two. It's like hundreds of transactions that they can do a Layer 2 solution, and then they can record it on the blockchain. And that's gonna speed up a lot of things and hopefully reduce the fees. That's the big push. Ah, the fruit roll-ups, yes, I've heard of these. They sound delicious and fast. We need these in that pool yours. That's right, Ivan. I like that NFT, Ivan. It's very nice. So we were talking about this last night, Bitcoin and Mt. Gox. There's a time frame. I always forget. Let me pull it up. Look at this. So there was a time frame. And we covered this a week and a half ago or so. So Mt. Gox occurs on a correspondent on July 6th. And this is by the Mt. Gox rehab process. The attorney's Nibawaki Kobayashi nailed it. Okay. This is the word solid. Tell me if you think this is gonna happen and when it's gonna happen. Following discussions with the court and in accordance with the rehabilitation plan, which is what all the people that lost their Bitcoin and the hack and Mt. Gox in 2014, the rehabilitation trustee, people that are overseeing this whole process, plans to set the assignment. And the assignment is them going to be able to give you back your one of three things, your Bitcoin or Bitcoin cash or just straight cash. There is those three options. Restriction reference period from approximately the end of August. Restriction reference period from approximately the end of August this year until all or part of the repayments made as initial repayments is completed for safe and secure repayments. When I'm reading that, I'm like, I don't think they're gonna give it all to you by the end of August. I think it talks about initial repayments until all or part of the repayments. And again, you have to remember, where does it say here? Mt. Gox, Retrust and Credit to Choose Between Bitcoin Cash or Bitcoin Cash? Just, so how do they, then it really comes down to how do they go about and quantify that? And well, you had, if it was, let's say you had 100 Bitcoin, right? Would you take 100 Bitcoin? Or would you take the cash equivalent of that? It depends. And then for me, the bigger question is, well, if you get 100 Bitcoin back, would you sell it? A lot of people say, no, I'd never sell it. Yeah, you'd never sell it, but guess what? You've never had eight years of Bitcoin pent up. And some of you can say, well, I have Rob. I would. I'm telling you right now, God is my witness. If I had eight years of Bitcoin held up and I had a thousand Bitcoin or whatever else it was, you better believe I'm selling a little bit because I've been waiting eight damn years to get that. And I will put that in other assets, just saying. That's just me. Would I sell it all? No, I wouldn't. But there you got to imagine, there's some people who are like, I'm gonna sell some. I could be wrong, sound off in the comment section, but that's how I see things. Blah. I think it's it, except for this one. Bull Run is when the real shillers show up. Yes, exactly. I promote things like tax software and Roth IRAs and stuff like that. Now, it is true. I was talking for a long time about Voyager and I was talking a long time about Celsius, but when the facts change, I change. That's why when I figured it out, June 12th with the video out, take it all off Celsius, then they lock down withdrawals nine hours later. So the same thing about Voyager in June 22nd, July 1st, they shout it all down. I don't know. You know what? The nagging wife caused me to sell. My wife said the same thing. Early December when we were trying to buy a house in Puerto Rico, I was like, I don't really wanna sell because I think there's gonna be these things called extended cycles and things are gonna do pretty well. It's like, you really, really gotta sell. We gotta sell some to afford this house. Smarter thing, everything happens for a reason. Pakham said, do you hold the keys in a crypto Roth IRA? No, you don't. And that's one of the problems with that. But the one thing I will say is that this is that in a Roth IRA, you can't put your life savings all once. In America, you have a max amount, 5,000, 6,000 or 7,000, even with a backdoor Roth IRA. So the people that put their life savings in Celsius, that's gone. But for me, seven grand ain't gonna kill me, just saying. But that's why I have these rules up. Have you seen these rules? All these rules. So it's all gone. Don't invest more than you can afford to lose. Everything's a scam. Don't trust, verify. Don't leave anything on exchanges. No leverage and take profits. These are my rules and I want to be your rules. That's just what I try to live. I try to live by the best of my abilities. Am I 100% now? Right now I do have some crypto on exchanges. It's true, but I will take them all off. Any update on Simon U coming on? Yeah, it's gonna be Friday. But I don't know if Simon's gonna be a part of the DCA show or if we're gonna do one separately. Because Ben is still on vacation, sipping, as he says, the daiquiris. Daiquiris. Let's see. Yeah, you know, see, and this is, Francis says, Elon finally woke up. Anyone who buys Bitcoin is a melee or to crypto far more excited about constellation dog than something nobody uses for nothing. They just say, buy and buy. That's what a lot of people used to say. Just buy and diamond hands and whatever else. I think the people that used to say diamond hands and hold will forever I'm sorry, but are the ones that probably dumped on you? Dumped on us. So remember, institutions, not your friends. They are the friends, they're shareholders. They will dump on you. And that's just how it goes. VeChain and Harmony. I think VeChain, Harmony, people seem to love it. I don't know much about it. VeChain I think would be great for tracking and for counterfeits. And also for definitely tracking of pharmaceuticals and things like that when there's a recall. So yeah, I can see it. The question is, is when's that gonna happen? It's been like talking about that forever. Yeah. Hey dad, I always tell them I found a lot of six figures in Celsius. First of all, you come clean with them. So this is what's going on. This would be like family advice, okay? And then you gotta just tell them, look, this is where it's at. It's in chapter 11. I don't know what's gonna happen. Probably what'll happen is one of two things. Either I'm gonna take a haircut, 55 to 60% haircut of all my different assets or I'm gonna take a small cash derivatives or I'm going to have to write it out for a long-term way of two or three years as these guys come to more liquidity. That's what's being discussed. There was a great Twitter Spaces that was done by Simon Dixon, the chapter 11 expert. And they talked about this yesterday and their plan and it was fascinating. And I think that's probably been way forward. I don't think we're gonna get all of our crypto back. I don't think that's a pipe dream, but I could be wrong. I think what it's gonna be is one, two things. Either they're gonna say, look, do you want your money? Okay, you're gonna have to take at least 50% cut. So if you had six figures, 100,000, we're gonna give you 50,000, but you're gonna sign some documents, some non-disclosure agreements that you cannot sue us, that you cannot talk about this and you just go away, period. If you don't wanna do that, here's what we can do. You can also sign up for this other plan where we're going to invest into Bitcoin mining. We're also gonna wait for the market to rebound. And we might even issue some more sell token and you're gonna hold those as things go up. It might take two, three, four years, but you get all your money back or the value of that money back. Question is what do you wanna do? I think that's probably more where it's gonna go for. Sorry, Celsius sucks. All right. Where are we? And it says, if they didn't know you had that money, there's nothing to tell them. And that's very true. So salty. I'm salty. I'm a little salty these days. Some days I just wake up on the wrong side and it's like, ah. But I always show up. I always show up. That's the bigger thing. Ah, beardy. It says, hey, they love you more than money. That's true. That's very true. This is interesting. Carlos says he can't trade securities peer to peer. Peer to peer. That's the problem with labeling things securities. Be interesting. How of everything? Well, I don't think, first of all, I think Bitcoin's gonna become a security. I think, again, it was made that pretty clear so far. And I'm curious about the Ethereum part. So if that's the case, and Bitcoin is the only one that's not a security, where do you wanna put your money into? I'm just asking. Like, because when we were talking about this yesterday and one of the themes we talked about was freedom for this meetup that we were at over at Union. And I saw why people really like, I mean, like not just the number go up part about Bitcoin, but it's the freedom part to get out of the system to not be oppressed, to not have to, you can actually do the things that you wanna do and not be surveilled all the time. And that's really what Bitcoin essentially does give you when you buy it and you transfer it around. You don't have to ask for permission for anybody. It's just yours. And it's the same kind of theme when people talk about their job. They don't wanna have a job, which job to me, that's why I haven't had a job for years, because it stands for just overbroke. That's the biggest Ponzi out there. But when you have that freedom to do the things that you wanna do, it gives you that ability just to get out and live your best life. And that's what I think draws people to Bitcoin, living off the grid, not having a job, doing the things you wanna do on your time and not answering everybody. That's the big thing. So the Bitcoin isn't a security, which I don't think it's gonna be. That's gonna push that use case up to the roof. And that's why the majority of my personal portfolio is heavy Bitcoin in Ethereum. So do clown news. There's no clown news today. What am I, clown? Do I make you laugh? Funny, ha ha. Yeah, someone is saying on YouTube that Sergey Nazaroff is a Toshi. Sure, could be. I don't know. Some people said that Elon Musk was a Toshi. I don't know. Who knows? Some people said that CIA is a Toshi. You know what? The longer I'm in this crypto space, the more I become a Bitcoin maximalist. Just the truth. I'll still trade and, not trade, I'll still buy and hold different cryptos because I think they have some real world use case, Cardano being one of them, Ethereum being the other one. The other ones I'm not for sure. Storm max, theta could be there, but the majority goes into Bitcoin is because as you get older, you just see the downfall of everything. It's food for thought. Geez, if I was a Toshi, we'd have been in a lot of problems. Okay, so guys, that's it. Look, 50 minutes is a long time for us, but it's always fun. It's always fun to answer the questions and just take the heat sometimes and go from there. So tomorrow will be the DCA show. I don't know, it'll be me and James. I don't know if it's gonna be Simon. I gotta talk to him, but if not, Simon will be on the show tomorrow. As I call him, my Simon indicator, Simon U, the CEO of Storm max, great guy. I gotta tell you this story about how I totally ditched him on the first time I met him and I made him pay the lunch bill. That's a good one. Anyhow, that's it for today. So if you like today's video, just need one thing, a like. That's it. It's like, very simple to do, and that's all. You only have to subscribe. I don't care if you do or not. I'll be here every day. You'll find me. That's all. So look, thanks so much everybody. I do appreciate you for hanging out with me for almost an hour. It's awesome. Thanks so much. I'll see you on the next one. Adios.