 Now, let's get into a little Q&A. Ah, that's my best part. Yes, Simon Dixon does live in Twitter Spaces. That guy is there constantly. This is a good question, but Tim, Dan, can you tell a bit on how we should navigate crypto if and when 99% of crypto has become securities? What will be a good hold then? I can't remember. Securities are not as evil as people make them out to be. Securities are equities. Equities are stocks. Those are all securities. They're registered and they're overseen by the SEC. A masterworks what they're talking about is they're all securities. And let's just say, for example, everything besides Bitcoin becomes a security. Is that the end of crypto? No, it just means that a lot of these projects, they're gonna have to go before the SEC and go, okay, we'll register. All right, now we're gonna pay a fine. You know, this already happened. I don't know if you guys remember this. I know Beardy does. If he's here, it's kind of late, might be working. But I mean, this has happened before. And this is a story, you know, when EOS, this is back in 2019, they settled with the SEC because they said, okay, you know, the ICO was a security goddess, right? And they paid 24 million, but they raised 4.1 billion. So again, I'm like, is that the worst thing that could possibly happen? So now it's gonna be a big pain for the exchanges, right? Because they're gonna have to register it as a security platform. And of course, all the different crypto projects are gonna say, okay, if you wanna say, fine, whatever. And you know what that means? And I've said this, this is my 30th time saying, I think, but if you've got a crypto project that is not, well, doesn't have a lot of funds within it to actually talk and deal with the SEC and the lawyers and the different hoopla that has to go through it, well, they're going to fall by the wayside. How many crypto products do we possibly need? Let's be honest, we have over 5,000, I think now. And of course, we talk about more or worthless. So what'll happen is that those crypto projects will go away, most will just die and no one will even know, that'll be that. But the ones that don't make it are on the cusp, like I said before, the bigger crypto projects that are flush with cash and didn't go ahead and spend it on an arena for a name or Super Bowl commercials, just saying. Those are the ones that'll say, okay, we're going to absorb you just like how Facebook, now called Meta, absorbed tons and tons of businesses and just started to acquire everything. And then you're gonna see a consolidation. Sounds a little scary, but it is probably what'll happen. Then of course, they'll also absorb all those developers which are like gold these days. And then before you know it, we'll have a consolidation of probably the top, I don't know, 30, 40 crypto projects that need to be here. So I mean, it's gonna be painful, let's be honest, but is it gonna be the end of crypto? Probably not, and that's it. So good question. All right, so Wayne says, does that mean each one have to be set up as a business with a CEO to label it as securities? I don't know the actual structure. I've never brought a company public, but if that is the case, then that is the case. But I mean, right now, I mean, how many crypto products have a figurehead or have a business structure in the same way that you would see like any organization, right? There's somebody at the top who could be a figurehead or a CFO or somebody who is like the chief technical officer, there's a lot of those. And then of course, HR and this, just if you think about like the top 20 different crypto projects, how many actually have the structure just like that? And I got to ask you the question then, is what are we doing here? I mean, as far as like with crypto, is it just Silicon Valley, Silicon Valley 2.0 which is some minor decentralization which really is an decentralization? Are we trying to improve things and do better things? I understand that people are here to make a profit. I got you, we're all here for the same thing, but it would be nice to actually, make the world a little bit better place and just going, hey, I just made enough money to buy another Lambo. It's just, I mean, how many Lambo's do you need? How much stuff do you need? Right, I'm sure right now people are like, you know, I would just settle for a Burger King value meal these days, because I lost everything. I get you, I understand. Great, meme order one. Lucas, to be more specific, they would need to be applied before the token was even created, which would be even better. Let's take Lucas, let's extrapolate that. Wouldn't that be fantastic? They'd have to go to the SEC and say, this is what we plan to do. And the SEC can say, okay, well, you're a security or not. Or maybe there's like a board, like a triage, okay, this is actually a commodity. So you go to the CFTC, well, this is more of a currency. Go to the OCC and so on and so forth. So they do that beforehand. How many different products would actually make it to market? That's the question. Now that's a double-edged sword because some different products who have low funding, they're not gonna be able to make it. And that part would suck, but how many different scams are out there? I guess it's just one of those things where it's like, you can down if you do it, you can down if you don't. Because I mean, how many people have gotten burned on rug pulls this in 2022 alone? I wanna say it's over $2.8 billion, roughly, which in grand scheme of things, is that everything? No, but it is for somebody. I will tell you that on the flip side, it might be good for to weed out the things. Unfortunately, here's what we're stuck at. The next question though is do we really need, like that's, I think the beauty right now, if you're on the fence about which products in this and which one's gonna make it, Bitcoin so far seems to be a lock as a commodity. Even good old Gary has said, it's pretty much out of our jurisdiction. Where's it gonna go? It's gonna go to the OCC or the CFTC. And in that situation, Bitcoin will probably flourish. And if that is a situation, again, and they actually have to regulate these exchanges, guess what happens? Bitcoin ETF gets approved and Bitcoin's price goes to the roof, just saying. Photocon, will the banks still be here if cryptocurrency becomes mainstream? You think we will ever be having a decentralized fundamental system without regulation? I don't think so. I think there has to be at the very least audits. But I think since we're so early, these constant audits, and this was, I wanna show you guys something, which was not here. Okay, this one right here. It was a good point that was brought up as far as regulation. I wanna show this to you. So I tweeted this out, because I wanted just to put it here because I know everybody's gonna blame me. As soon as the regulation comes like crazy hard, which I think is what's coming. It was like, see, Rob said he won regulation, now he got it, and they're whipping and putting people in chains who own Bitcoin. That's not what I wanted. Here's what I wanted. I just wanted some clarity. I just wanted to clarify. Oops, this isn't it either. Let's see. That's not it. Yeah, I gotta stop tweeting so much. Let's see. Ah, this is it. Okay, I said this. To be clear, I wanna curb the regulation that gives us clarity, what a currency commodity security is. Just some guidelines on centralized exchanges are a must after the FTX debacle. Unfortunately, the regulations coming will go way beyond that. So that's all I'm asking for. Just show us your audits. Just show us everything on the up and up. Also, are your co-mingling funds? Also, where are you getting this yield from? Are you really an exchange that is gaining yield from, I don't know, staking and lending out? Or are you just being a big enormous Ponzi scheme? That's all I want. I don't think that's too much to ask for. And there was a great quote. Ah, Jordan, that's the Shark Punch or Johnny Crypto, the usual suspects as usual. But this gentleman, Bernard Butow, I think I said it right. And he is a retired engineer. I wanna say nuclear. He said, I was listening to a, just let this sink in. I was listening to a Crypto 101 podcast and a topic of regulation can't come up. Participants were promoting self-regulation to head off heavy-handed government regs. I'm not sure if the Crypto industry is mature enough for that. I was like, I gotta tell you, it's true. Because right now, everybody's so greedy that they can't. And he said, I worked in the US nuclear industry for 40 years. We were highly regulated, but there was differences in the way individual nuclear power plants were operating. So the industry initiated its own internal monitoring organization. So I think that would be a pretty good leeway or a compromise. Okay, give us a little bit of clarity. Here's some audits, but the best exchanges will be the ones that'll have, just like CZ talked about, we'll make everything a little bit more transparent and we'll have these audits or Merkel trees to where everybody can see what is actually on the platform. I think it goes far, but not far enough. We'd also like to see like, not just the profits, but the liabilities as well. So he says that I go, that makes sense. And then here, again, talking for somebody who's got some knowledge. It was called the Institute for Nuclear Power Operations. It was compromised on members from the best managed plants across the USA. Why can't we do that with exchanges? Get the best ones that exchanges and start to make some self-regulating rules. Regulator assessments were conducted using members, IMPL members and members from other plants other than the plant being assessed. These teams spent three weeks assessing how the target plant was conducting business and wrote an assessment to help each plant assess up their game, thereby continuously upping all plants performance. That makes sense. Perhaps a similar morphed approach could be used for self-policing dexes and centralized exchanges sniff out scams like FTX. Anybody got a problem with that? I think that's sage advice. And I'm gonna say Bernard, thanks for lending us some of your knowledge moving forward. Thank you. Markey, legend. What do you think about cash app? I use it because there's some people that's all they use is cash app. So I just use it when I need to. But that's about it. I don't really buy a bunch of my crypto on that. Usually it's just Coinbase right now. CS says, could a decentralized registration, could a decentralized exchange? Maybe could a decentralized registration be possible? That sounds kind of intuitive. I don't know if that... You were talking about dexes as far as like regulated dex. It's gonna be very tough unless you have everybody who just comes to table and go, okay, here's one inch and here's Uniswap and here's PancakeSwap and all of them get together and go, this is the industry standards we wanna do and go from there. But you can't KYC and AML your way out of that. That's inevitable as also. So I'm just talking about the interim, the centralized exchanges. JF says, Rob, you speak Spanish. Good to know that you have a pool in PR as well as when Bitcoin hits 100K screens. So my Spanish is terrible. But right now I go to class every day, two hours a day in the mornings and that's what's been pushing my videos back a little bit. So I think it's, doesn't matter how old you get, it's imperative that the place that you're at, you make sure that you learn the customs and try to communicate with the people as best as possible. Puerto Rico, most people speak English anyhow, but I feel like it is a deficiency that I have. So I want to shore up any kind of weaknesses and that's one of them. Let's see. Hello, this is pain. It is pain. I know people, I gotta tell you what's amazing to me is how many people call the bottom. They go, okay, FTX, good, we found it out. We're good, we're out of here. Nothing to see here, folks. And they're like, that's the bottom. I don't think that's the bottom. I could be wrong, I hope I'm wrong, but who knows? I made the lieshift, that's right. Thank you, welcome. Murro, how to win the ledger? That's a good question. It's pretty simple. Like this video you're watching right now, that'd be great. And then there's a tweet, which I linked the here. I'll just put this out here. There's a link in the description. That's the actual tweet you have to go to. And all you gotta do is you gotta like, like comment and share the tweet and I'll draw the winner tomorrow. And if you're having problems with that, let me just put there. There's the link to the tweets so when the ledger in the stonebook. Okay. And that, that, that. Yes, exactly. Well, central banks hold Bitcoin on its balance sheets. We'll see. I think we were doing a pretty good job until of course this fraud happened with FTX. But I gotta, I need to stress the point that there was no fraud in any of the projects themselves. There was no issues with, you know, major hack or, you know, somebody coming out and, you know, Joe Biden saying, hey, we created Bitcoin, fooled you or double spend or something like that. It just, that's not what it is. It was all, again, what comes down to people and greed. And that's pretty much what it is. Change my heart. Yeah. Youser says, if Binance fails on quitting crypto, if Binance fails, we're in some pretty big problems. But that would be something amazing, wouldn't it? Don't rule it out though. So for everybody who's like, I think Binance is safe. I'm gonna leave my crypto there. I don't know if you guys have heard me talk about these things called the rules. A collective groan comes across the audience. Here's the rules. Don't invest more than you can afford to lose. It's all gone. Everything's a scam until proven otherwise. This is right below me. Don't leave anything on exchanges. You've done your job, you've done your hard work. You use them, you paid them. Now take the crypto off. Don't use leverage. Why are people using leverage? 50 hundred X. Are you that good of a trader? Are you that awesome? Are you up for your entire lifetime? Chances are no. And then lastly, take profits along the way. That's it. Then of course, don't forget, treat a centralized exchange like a filthy public toilet. Get into your business and get out quickly. Touching as little as possible. That's from Darth Boomer. Which is an excellent point. All right. Jack in the cracks is, can I come visit you for the weekend? Your black room looks so refreshing. This is just a green screen. I'm at my mom's basement. And that's it. However, so everybody knows, next week we'll do another Puerto Rico meetup. I will see you guys at the smokehouse. Steven, hopefully you're good with that. And I buy the first round as usual. So we'll go from there. If the market's real bad, we'll all do shots. All right. Rob is a confirmed Fed. Just an agent. Just an agent. Please keep comments courteous. No, no, no. Let them all rip. Gemini set yield to 0%. Well, that's smart. Joseph says, hey, Rob, any suggestions for new Cardano ISPO's, initial stake pool offerings? Ray ISPO is over now. Just, I have a Cardano stake pool. That's about it. But not really too much there. Let's see. Sorry. I'm on a samurai. Honestly, I can't see this getting worse than it already is. Everyone is down hard for most part. That's a good point. I think mentally people are down. You know what? What's the price today? How are we doing in the exact, our market? Are we above a trillion? I'm just kidding. I know we're not. That doesn't suck. Well, not too great. So we're down, down a point. We're down 20, 10% for a week for Bitcoin. That's pretty good. It's weird. Binance coin is down 18%. XRP beat Bitcoin. It's only down 8.9. Dogecoin is only down 4%. Ah, my Cardano's down almost 12%. Polygon down 14 for the week. Polkadot, die. Shiba Inu, fantastic. 41% for Solana. Ouchie. 16% for Tron. I gotta tell you Tron still holds out. I think they actually are sponsors of CoinDesk for some reason. So Tron's doing quite well. Yeah. Good point, Modern Samurai. I can't see it. I just think it's like a slow burn sometimes. We just kind of move sideways. We lose a little bit. And then of course we hear another story and then people are trying to shore up their losses and go, well, it's only one place that's pretty liquid. That's crypto. But again, I mean, how much more can we lose? I don't know. I mean, we all, it's amazing how everybody says, I'm here for the long haul, I'm gonna make it. But once those negative percentages start rolling in, it starts to wear on you again and again and again. So we'll see. It's like a, it's like squid game. See who can make it. Who's the strongest? I mean, Adios, thanks for stopping by. Yeah. Any thoughts on Exodus wallet? Some people like it. I haven't had a problem with it. I don't use it. So I can't really sell it too much about it. But nobody's that I've known has a problem with it so far. Does that mean it's awesome? No. Max says, Sam won't be arrested. He'll have some escape goat that takes the rap. I think he'll be arrested. The question is how much will he be indicted? Will he be charged? And on what kind of charges will they bring against them? And the next question would be, how much jail time do you think he'll spend? It's very rare for billionaires to spend any kind of time in jail. However, Sam's not a billionaire anymore. So, hey, who knows? Anthony's got a good question. He says, Hey, Rob is staking.cosmos near on ledger wall at 100% safe. What if the projects went belly up? How do you like it with this case? If they go belly up, staking is out the window. You don't get anything and that's it. So the real question is, are we talking about the staking rewards? The staking rewards only work out. And let's be honest. If you were staking Solana, I mean, you were looking at 5.6% yield, not too bad, right? However, you just lost 40% of the value of whatever that you got for rewards. So it's like, yeah, was that a big deal? But as far as like staking, I don't like to stake outside of wallets besides ledger. It just don't. Cause it's pretty safe. There's only one exception I have and that's the dead list wallet for Kodano. I just love the wallet. I know people hate it sometimes because it's so slow, but it's just easy to use and it's like it's running a node. So I'll just do that. But yeah, and also I'm gonna think of it. If you're trying to figure out like, how do I stake with my ledger? That's a great question. There's this website and it's free. Dan teaches crypto and if we go to module five, how do I, how do I stay cryptos? How do I use the MetaMass wallet? How do I update the firm room and now you click on module five? I'll show you how to use the MetaMass wallet and simple swap and how to update the firmware for your nano ledger. But we'll also talk about how to stake Kodano, how to stake Avalanche and on-stake it. How do I stake on-stake Polkadot? How to stake on-stake Adam? I still have to get that, the near video out. I thought I had that out. I just didn't do it. So yeah, let's check that out. I'll show you how to do it. Very simple stuff. Dark Matters, SPF was never a crypto buff. He saw crypto as a get rich, see nothing more. Let's have a come to Jesus right now. How many people out there look at crypto and go, this is gonna change the world? This is here to help those African, Middle Eastern parts of Asia countries who they have an issue with having their crypto inflated away or stolen from the government or some other nefarious purposes and crypto specifically will say Bitcoin using as a currency. That's why I got into it. How many of you can honestly say that? How many can say that? I like the fact that the numbers go up. Let's be honest. We are here for that. We are here for change the pocket book. However, I gotta tell you, as time has gone on, especially all the things that I've seen right now, it does make a lot more sense just to look for the projects, crypto projects, people that are in the space that actually just want to do good and having screwed up too badly. I think wouldn't it be great to get a hold of a project that does both things? I think Bitcoin does that. So with Bitcoin, you can numbers go up. That's awesome. Then also it can be a store of value for those people who get everything inflated away. Say like a Turkey or Venezuela, which ever use that same example, or maybe it becomes the currency, a sovereign currency of a specific nation because everything's being inflated away. Again, I think I could do pretty well. That's why I know some people hate Cardano. I like Cardano. And of course, one of the big ones I really like is that world mobile token. We talked about yesterday, doing good things and appreciating. I think you can do both things. There's some projects that are just straight up cash grabs. I don't just don't get it. And even I fall victim to that too. I'm like, ooh, dollar signs. But in all honesty, is that really the best thing we can possibly do to move things forward? That's the question. Oh, no, he's a philosopher. I get you. All right. Best thing to do is buy on ledger, hold on ledger nano. Yeah, that's true. Because call me sometime when you have no class. I need all the help I can get. Ah, Lori says, Lori Sykes, you really think there will be regulation? It would make legitimate which the US does not want. That's why Gary Gensler and the gang are doing nothing in the crypto community is doing, killing itself. I think, so I think there's a dichotomy here. There's a separation between what is good for the government and what is good for the bank since people are like, what's the difference? And you got a point. I'll give you that one. But in all honesty, let's just go down that path and say, okay, the CBDC gets rolled out, which it's going to be rolled out. We've already recovered this yesterday. There's gonna be a digital dollar. It's gonna be a 12 week test case. It's going to not use actual digital dollar, but just made up, especially numbers. And they're gonna, I think it's a city group mastercard and Western, not Western Union, Wells Fargo and a couple other international banks that are going to be participating in this type of thing. Let's say it does do pretty well, right? That's great. And of course, now that will make the dollar a little bit more stronger because we have a new type of system, which makes things a little bit cheaper and well, hopefully cheaper and easier and faster. That's the whole point of this whole thing because Swift system sucks, whatever. That's great. And you can move funds around and it keeps the dollar strong. However, what does that do for taxes? See, the thing that I always look at is there's so much money sloshing around as far as like capital gains, short-term and long-term capital gains. The government doesn't want you sitting on your cash. The government wants you to invest in certain things, make a little money and then pay them back in taxes. That's the whole thing with the Federal Reserve. So like for me, when I look at things, I'm like, do they really want us to do that? No, they want to tax the hell out of us. And of course, the best way to do that is go, hey, here's an opportunity, invest, invest, invest, invest, invest. And here's an easier way to do it. I think people under 40 years old are probably a little more comfortable as far as the digital age and investing into equities on Robinhood as opposed to calling up a broker. Hey, Pete, can I get a thousand shares of Dapper Dan? Or whatever it is. So I just think, I look at it and go, there's too much money sloshing around. I think that'll be it. Now, as far as Gary Gensler and things like that, you may have gotten me on that one. That was tough. Because Gary's got a lot of ties into the black rocks and the big banks and things like that. So maybe just that situation. Not for sure. I will say this. Lastly, is that if America does away with it, that's cool. But guess what? They leave innovation, a big chunk of innovation and forced to go overseas. And what happens to that? I don't know if they want to lose this type of innovation to the global economy. I mean, China has no problems with that. Russia has no problems with picking it up as well. And I think there's other big countries out there that would just love for America to collapse that one. We'll see. Not for sure. But hopefully they have, I think there's a reason why Joe Biden, President Joe Biden put together a task force and said, maybe we should take a look at this before things go sideways. Mr. Solis is probably using that post 9-11 GI bill for Spanish classes. No, I'm not. I already used that one up. But I could have used that actually. Now I can. Lucas says this is not the bottom. I speak French when we're in Spanish. Oh, okay. Panas says, Coin Bureau made a very good video about ledger history. If you need to be more aware, already about safety. Go check that video out, folks. Why nano S over nano X? I think it's too confused. Whoops. One got a lot of space and one doesn't. Here, let me show you. Just the one with the buttons on the top. Yeah, yeah, yeah. So this one right here, the nano S, that's what it was. This doesn't have much storage. So you can put three or four different types of crypto on there. And just, it's not like you're putting it on there. You just have your private keys and it's cryptographically safe. The other one, the X, you can download, I mean, mass, I mean, 10, 12, 15, I think even up to like 20 different cryptos, the actual applications and then store things on there. Now you can take things off and it'll still be there and put things back on on an S. That is true. I just don't like screwing around with it. It's want everything right there, make it simple for me. You know what I really like to do? It's to, you know, as I'm transferring my crypto on my almost a daily basis now from the exchanges, because you know, I buy a dollar cost average is when it comes back into it, I get to see that, I get to see the numbers go up. I mean, not all the time, but you know, numbers go up a little bit and just go, good thing I took it off there. Now I don't have to worry about it. And I can just skate. Very nice. And that's it. Omar Pettis says, how do you know it's not a bottom and not a black swan event? So that's the thing. Almost got a good point. A lot of people say, well, it was a black swan event for FTX. I'm like, I suppose maybe a grace one event. I mean, do we not see an inevitable collapse of the massive yield that was going on and the circular nature of the yield that was being produced and just those things. It doesn't really matter. The thing is, if it was a black swan event, a grace one event, or just the crypto market going down, I believe that we haven't hit bottom because of all the unknowns that are out there, plus the fact that we're gonna hit a recession next year. I'm almost certain of it. I could be wrong. Let me know what you think about that in the comments, but our industry is so fragile. What's our market cap right now? I know it's under 900 billion. I wanna say it's teetering at 800. Yeah, $864 billion, which is peanuts. Any little thing that happens collapses. So like, when I talk about contagion and the things that I'm talking to you guys about, the reason why I talk about it so much is I just think that as we start to see more and more things come out, we're gonna start to see more of the market start to regress. And of course, the people that were like, I'm strong, I'm gonna be here forever. They're not gonna make it. It's okay. This isn't for everybody. So again, just like we thought about, we said, oh, well, you know, with three O's capital, that's it. Or with Luna, that's it. That's, you know, it was just, just Doquan and his crazy stable coins. And then of course, three O's capital, okay. Okay, that's that three O's capital. There's maybe some contagion. It looks like it's gonna be under control. And all of a sudden bing, bing, bing, bing, bing and the dominoes fell. The same thing's happened with, I mean, FTX was the domino from three O's capital. It was just, it's all interconnected. And now we're just getting to this six months later. So I'm just thinking to myself, I mean, what else is out there? I, black swan, gray swan, whatever you wanna call it. Numbers go down. I'll make it that simple. Let's see. Dr. Payne says, if you thought about switching from I trust cap to a self-directed Roth and you put your crypto in a ledger. First of all, I've looked into a self-directed Roth and people say, oh, it's very simple. It's very easy. It's not as easy as one might think. First of all, as I understand it, you have to have a corporate structure to do those types of things. Second of all, you have to file up a lot of different paperwork that you wanna do. And of course, you can do all these things and go for it. Go right ahead. I'm just not gonna do it. Period. I know people will say, well, Rob, the ethos, not your keys, not your crypto. Yes, I understand. However, for everything, there is risk. And for me personally, if I lose, because I've been using, I've been using I trust for two years now. So if I lose the $7,000 that I put in there every year, because that's the maximum I can put as an American citizen, that's even through a backdoor Roth IRA, mind you. And now that $14,000 I put in is actually worth less, I think it's worth like $7,300 now, because of the things that have gone down. I'm just like, I'll be okay. And that's it. There's no fees, there's no, I mean, there's not, there's no fees, excuse me. There's no monthly fees. There is transaction fees and that's how they make their money. So that's about it. But if someone's got another option for me and said, no, Rob, there's a self-directed Roth IRA and you can do it right now and it's super simple, show me. Let's see, Rob Smith goes, I'm gonna speak English easily despite having no knowledge of any other language. Go figure. Where else are we? Yeah, he says, this is a pretty good one. I got a great idea. Why not replace the Fed with a smart contract? It's no human intervention gonna be a... That's pretty good. That would be good. Hopefully nobody hacks it. Gary Johnson's got a good point. The bottom one, you realize that the value of supply is not being affected, just buying and selling to each other. Yeah. The real question is though, is the people that have things in the background and just say, you know what? I think we're gonna go really down farther and they started selling. Who knows? I mean, look, Gary, I'll just tell you this, man. I mean, how many people said June was the bottom and they said it forever? That's the thing. Roger Morris. Crypto is a laughing stock. He's not wrong. I will tell you this. Roger's got a good point. Even my brother texts me. He's like, hey, what's up with your stupid crypto? I was like, oh, good one. And, you know, right now it is. You have to take the shelling. And good luck at Thanksgiving for everybody going there to talk to your family when you red-pilled them last year. It's gonna suck for you. That's just how it goes. And of course, take the lumps, take the hits and just say, yeah, it's not working out too well. And Roger's got a point. It's a laughing stock. A lot of people are laughing at us. That's okay. He who laughs, lasts, laughs best. Does that mean that's gonna happen? No idea. Got a pretty good feeling though. We'll see if I'm right or wrong. Man, who needs Binance? I don't. I can't even use it. I use Coinbase. And you know what's funny? Like last year in the bull market, I got laughed at for using Coinbase. Like Rob, you're a moron because the fees and da-da-da, and it's down. And I'm like, well, you know, whatever. However, I was using Coinbase and I was using Voyager and Celsius. So who's laughing now? Yeah. That's why we self-custody, right? I gotta pull in a pond. A pond would be good for you. Classic Caddyshack comments. What's your view for the future? As far as like in medicine or like crypto, I guess we're supposed to stick with crypto. With crypto, I think I see a lot of massive pain. I see a lot of regulation that's gonna disrupt people. And when I hear about the regulation that's coming, it's gonna be excessive, I think, because they're gonna jump all over it. It's just like, the guy that overcompensates and buys a Lambo, we'll say. And he's doing a little bit too much, too fast and he just shouldn't need to. And that's what's gonna happen with Gary Gensler and all the people in Congress as they try to protect us from ourselves. That's gonna happen. And we're gonna, it's gonna suck and people are gonna be scared. And then for me, it's just like this. I always said the same thing. Show me the rules so I know the game and I can bend the rules to my whim. Same thing with taxes. I mean, just give me the tax laws and I will play within your regime and I will find the loopholes and the things that I need to do, not the loopholes, but the deductions and things that I need to take to make myself successful. It's no different. So that's what I see for the near-term future. And then I see, I always see things in the four-year blocks. I see a recession next year. I see the regulation really crushing crypto for a while and that's going down. I see 2024, a Bitcoin halving in around March. That's, I think, that's not, that is a lock. There's gonna be a Bitcoin halving in 2024 and in 2025 or maybe in 2026, we're gonna see some new all-time highs, but I could be wrong, could take us to 2027, I have no idea. But along those ways, just remember, there's always a, even if we're in a bear market the whole time, which I don't think it's gonna happen, but if there was, there's bear market rallies. And that's why I'm always harping on everybody to take some profits. If you bought Bitcoin, I don't know, at $15,500 and today it's at $16,700, maybe you wanna take some profits. And then people say, well, Rob, what about the taxes and the short-term capital? I got you, I understand, I got it. However, if you've been investing for quite some time, FIFO, first in, first out, or last one in, last out, whichever way you wanna do it, if you're doing those things for over a year and you're gaining those percentages, the short-term capital gains roughly would be about 20%. So if you made a thousand bucks, I'm gonna give you some quick math. Yeah, okay, you got $1,000, you're gonna pay 200 bucks to the government, you get to keep 800 bucks. Congratulations, you made a profit. And then just go from there. That's it, that's all I'm trying to say. Who is hosting DCA this week? I will give you a hint, it's a guy with two thumbs, this guy. So DCA on Friday will be me, Ben, and James, and we'll do it here. He must be my dad, Ben Breslin, not just most dudes. True, yeah, better late than never, Jeff is here, construction. I'm not for sure if that's correct, I will ask my professor mañana if that's true, if that's true, es verdad. FCX en español es de caca, creo que no. Pero quien sabe, Rob loved the show, do you have any ledger-staking advice? I do, it's on this website, it's free. And I think I'm gonna pound that on the ground. Dante just crypto, module five, how do I stay crypto? Check that out. My husband just talked to right through you, what do you say about it? So we're gonna do the meetup next week. I don't know what day it is, I gotta figure that out. But we'll do it again at Smokehouse, good stuff. Yeah, BitBoy did a good show, boy, I gotta tell ya, people were all ticked off at BitBoy, but now he's on everybody's good side. So look at that, it's amazing what an apology we'll do. Let's see. Oh, good point, Chris Bruncher, when Genesis liquidates its grayscale even Bitcoin, could that create more contagion and threaten grayscale? That's a great question. And again, these are the things that I, it's hard to extrapolate and take a look out, but I just see some more problems like this, what Chris is talking about. Gosh, that's scary. Kujo says, why did you start to buy Chainlink and Algorand again? I've always bought Algorand. And Chainlink, I just felt like it was unoverpriced, but as it drops down, it's the same thing I did in 2018. I just felt like everybody's gonna need an Oracle as far as all these projects. All the speculators who ran for gold, they're gonna need picks and shovels. So all the crypto products are gonna need some type of Oracle to pull outside data. Now it'll be Chainlink. So yeah. You know where I learned about Chainlink? First, Tiki Tawari, I think his name is Tiki Tawari. The guy that had like five coins of five million, that was his number one. And that's it. Richard Hart would have more listeners if it was just less braggadocious. Yeah, perhaps. But I gotta tell you, some of the things that a lot of things Richard Hart does say is correct. So has he been wrong on a bunch of stuff? I mean, I know people love to talk about hacks, but a lot of things about Bitcoin Max, my idea is correct. If you can interview SPF right now, would you? What would be the point? Oh, honestly, I interviewed Alex Moshinsky in Celsius and asked him some straight direct questions about what the platform and what was happening, lied right to me. So to me, the interviews are nothing. I think the more important thing is the chapter 11 filings from FTX. That would be what I really leather interview quite honestly. Eric says, hey, Rob, did a new backdrop, new place, new angle, noise, new angle. See, like this is the angle usually. I'm just right here. So I just did this. So yeah, very tough to do with a green screen though. I did it. Let's see. Yeah. This is a good point. I have a feeling that Sam has some dirt on some politicians. That could be. But again, that's hearsay and maybe. But it is interesting. Let's see. Guys, I think I missed a bunch of questions, but holy smokes. Okay. Diesel Kane, Rob is the best followers. I have, it's true. We have the best followers and also the most Frenches. So thank you everybody who's an admin. I appreciate you. And look who's here. Beardy, size of show up. Rob's mom is one of the, very true. No, let's see. Do you like Sheba in the long-term? Interrogate right in the interview. I'm not an interrogator. When Jari, that's a good question. It's a good question. Dr. Payne says, Rob, thanks for answering people's questions. I wish we had more back and forth conversations. Ever thought about hosting some Skype meetings with a smaller group of your viewers? No, but it's a good point. Maybe we could do that at some point. Maybe I could do that like as a giveaway. Like, hey, we'll do like 10 people, we'll do a Skype thing and just show up on this day and we'll all talk. Or you just come to Puerto Rico and meet me. And that's it. Okay. Everybody, that's it. I think we're going way too long. We're at an hour and four minutes, but that was a good one. So again, if you wanna win the ledger and the stone book, link in the description. Just like this video, then like, comment, retweet, the tweet that's in the description, we go from there. And I'll draw the winner, Mañana. But that's it for today. Everybody, thanks for stopping by. I appreciate you, especially the admins. Thank you guys so much. Like this video, thumbs up, subscribe, all that good stuff and I'll see you guys on the next one. Adios, have a good rest of the night.