 Hello, everybody. Welcome to the Sunny Livestream. As usual, I got my buddy Jerry Hall in today. Jerry, thanks for stopping by. Good to be here, Rob, as always. Yeah, man. We got a lot of stuff to go over. And of course, the reason, first of all, everybody, thanks for stopping by on a Sunday. I appreciate that. We're going to talk about, there was a tweet, and it talks about some inside trader. Well, not really inside trader, but someone who had pretty knowledge about what was going on behind the scenes as everything was starting to collapse, especially the 2020 bull run. And for me personally, I always felt like we kind of got screwed out of a proper bull run. And I think this is kind of eye-opening. But before we get into that, of course, you can follow Jerry on X, and he's got loads of information. He's got to start doing some more YouTube videos. But I know he's busy in Costa Rica doing, living his sweet life. And then also, there's a link in the description. If you guys want to do this right now, we're giving away, to four random people, 50 hypercycle tokens. And there's a tweet that will, or a post, comments. It's actually in the description. You can find this on X. All you got to do is like, comment, repost, follow hypercycle, follow Jerry Hall, and we're going to do this live today. So, first of all, before we get into this stuff, which I found fascinating, because I always like to get like insider information of what really went on behind the scenes, because no one talks about this stuff as it's actually happening. Before we get into that, let me commend Jerry for having a stable internet connection in Costa Rica. Jerry, first of all, how did you do that? Because last time it was, it was like you were MaxHeadroom. Well, okay. So in Costa Rica, you have limited options, right? You have what you can get. And last year, Elon and his company Starlink got authorized to do business in Costa Rica. And in January of this year, they actually started rolling out the hardware to connect to the Starlink system. And so I now have Starlink fingers crossed that we have an entire stream without any, oh, Jerry, you're frozen. Jerry, you're frozen. That's great. So like, I didn't know they actually rolled this out. So I was always curious to like, what are the startup costs and what are you paying per month as opposed to what you were paying per month? Okay. So fair enough. So what I was paying for previous to this was a microwave line of sight system that had about $100 US setup fee and $40 a month. Okay. And it was intermittent. I mean, it was not great. And that was the best. That was the best, right? That was the best I could get where I am. I'm not in a city. If you're in the city, you get high speed internet pretty easily from the fiber optic stuff. And that generally would run you $45 a month for a decent fiber optic internet connection. Okay, okay. Up here where I'm at the Starlink cost $300 in equipment and equipment, one time cost, right? One time cost in equipment. Now I own the equipment and then $60 a month for the actual subscription service. And some of the incredible stuff about this Rob is through the Starlink app. I can I can on demand speed testing. I know, I know how I'm doing and I can reposition my satellite on various elements of my property for optimal coverage. It's been it's been a wonderful month playing the Starlink system. I love it. That's crazy. Because well, first of all, like, because you're in Costa Rica, so I'm going to I'm going to assume, and of course, you should never do that. But like, damn, thanks for going. I would assume that in different locations is different prices like Mr. Hewitt's $85 a month. I've heard different places saying $100 a month, $120 a month, but in Costa Rica, $60 a month, which is only $15 more. I gotta tell you, it's pretty good. It's really good. Now what I'm curious downstream, because I honestly believe the theory that world mobile token put out that connectivity creates productivity. Yeah, right, right, right. And so I'm curious as the world gets more adapt to on demand connection anywhere, anywhere on the planet, what that will do for productivity on the planet. I'm hoping nothing but good things. Well, I mean, I think so. And that's that's the whole idea is, you know, we have there's massive resources out there. There's there's people that have unknown talent that we don't we don't understand or we don't know what they're doing. There's there's probably 30 more Picasso's out there. But unfortunately, because they're in third world countries, we can't connect them. They can't get to us. And, you know, we see and then of course, there's brilliant people out there that just can't come in because they are unconnected. And that's the whole thing with like what Elon is trying to do and trying to bring everybody together and talks about you know, repopulating and so on and so forth. That's a whole other video. How about this? Let's talk about this piece right here. Yes. Yeah, because I know people like get to the point, Rob. Okay, fine. So this was was retweeted by everybody, Steve, who are Steven, who owns the San Juan smokehouse where we do all the different meetups here in Puerto Rico, which Jerry hope that you're at at some point. And he retweeted this from David Choi. And this is the ifs was number 24 says in the market today we are seeing 35 billion of grayscale grayscale Bitcoin being sold. It's really the last thing left of the 2021 cycle. It's come full circle and that just got my attention. Mike, what is he talking about? This is what he's talking about. And again, so we know that this when we had the spot Bitcoin ETF, everybody had their assumptions and their assumptions where this is going to be the biggest thing of all time in the first 24 hours. We're going to see Bitcoin. I heard crazy things that go into 100,000. I heard crazy things of it's going to actually crash to below 10,000 and everything in the middle. And one thing in the market I can tell you is that when you think you know what's going to happen. It does the exact opposite. And one of the reasons is, is because the shenanigans that are going on behind the scenes by big whales and players and this kind of pulls back that curtain about what's going on. So this is David Choi. He's building a ministry XYZ. He's an angel investor. And this is what he talks about. He says he lost 700 K in a single trade. And I was lucky. And 2021 is known as the widow maker trade the single reason for all the blow ups three AC or three arrows capital block five. Silvergate FTX and down the line also Voyager and Celsius. Everything is interconnected. And because of the things that happened here, I believe is why we actually got screwed again out of a proper bull run. And I think that's why this bull run is going to be so much better than the one before. But again, markets have a way of kicking you right in the teeth. David says, this is the perspective of an insider that went through this hellhole of the trade. At the very end, the trades was net down negative 38%, which doesn't seem too bad. But as things went forward, some were down negative 1000%. The original investment and forced the repay. So this is what he shows us. And this to me, well, I'll just have him say chart above shows two measures, the premium or discount and the shares unlocked. What you were able to do essentially was was buy Bitcoin at a premium or at a discount or whatever you want to call it. And essentially, you could buy one Bitcoin was actually worth 1.3. And then when you could unlock it, the actual shares, you could go, you could go spend those or trade those or sell those. And people had to buy your bags essentially, and you were making money hand over fist. Jerry, what is that how, how you remember it? That's exactly how it went. So when, when the grayscale trust was formed, the only people that could actually buy shares in it were accredited investors. Oh, the big ones, not the peons like us, not us, not the clubs. Well, you know, yeah. You had to be an accredited investor. So what, you know, you put whatever title you want on that. So, but they bought it and there were conditions, right? You buy it. There's a lockup period. When the lockup period is over, then, then you can allocate that at whatever the OTC prices of that were at the time that you wanted to do it. OTC is where guys like you and I could, through our Schwab account or our fidelity account or TD Ameritrade, what have you, we could go in and buy OTC shares of GBTC. Well, when the market is raging, this is really good because what ends up happening is Bitcoin gets appropriated into the fund shares get allocated shares get purchased. Now there was a one-way valve on that. The fund holding the Bitcoin had a one-way ticket. It was a one-way ride. Bitcoin in, Bitcoin never out. Even though investors could shell their shares after their lockup period. And what that started to do as the, as the trust had some life, some legs behind it, some time had went by. You start getting people starting to arbitrage with the actual value of the OTC shares versus the amount of Bitcoin in the trust relative to the trading price of Bitcoin on, let's say, Coinbase or whatever exchange that you were going to use as a pricing mechanism for your arbitrage. Really crafty stuff, but it hurt a lot of people. Made a lot of people very rich, but it also hurt a lot of people too. Yeah. Well, speaking of which, let's talk about who got hurt and that's us. So again, premium discount. This is particularly interesting because a lot of the unlocks you see. A lot of the unlocks you see this week came from the period where money was locked two or three years ago. So again, if you had this locked up, you're like, all right, I got all this stuff. And you're like, I want to get the hell out of this thing. That's where you dump, right? You dump because you're like, hey, I'm up and that's what we do. You know, we do. But then he says, let's try this from the beginning. What the F was this trade? It's well known the institutional crypto world. Jump, Jane, DRW. Remember, jump. It was this anomaly where grayscale Bitcoin was valued a lot higher than the Bitcoins it held. Every one Bitcoin was worth 1.3, which is what you were saying, Jerry. This is because Bitcoin was hard to access for a lot of folks. I mean, it wasn't hard for us, but the people that aren't used to it, I guess it was very difficult. I don't understand why, but I understand if you have millions and millions of dollars, you probably don't want to self custody it because you're like, man, if I lose this piece of paper, I just lost 10. That's exactly why. Yeah. Yeah, I get it. How do we make money here? Well, you get a grayscale of Bitcoin and then you get grayscale Bitcoin after a year or whatever time frame was actually was. Then you sell the grayscale Bitcoin, the equities, which we just talked about. Of course, as I said, it's a one year wait, but the premium had never been negative, not once. And sometimes the premium went nuts like, imagine this, 800% premium. People make a money hand over fists at this point. But then it kind of went down the tubes. So we and a lot of other people decided we should do this trade. It looks decent. We've heard some folks make decent return 15 to 20 X after a year. Again, they were using crypto as their own piggy bank. They were using Bitcoin as their own piggy bank essentially. But it wasn't the underlying asset. It was just the traders and the greed that was going on. This is how the trade worked to be hedged. You got a million in cash, deposit it. Then you borrow $3 million of Bitcoin BlockFi deposit $3 million Bitcoin and grayscale wait six months, make buku money. Let's just let's just pause there and appreciate the amount of degeneracy that's going on right there. So like when everybody's telling you like these things like where you say like, hey, you know, you should really diversify and really, you know, be careful about that. And of course, you know, you've got a good old Gary Gensler talking about, you know, you should really be understanding of what's going on and disclosures to make sure there are people that are in the system that are just doing the most biggest gambles you can possibly see. I don't know how you see Jerry, but that's how I kind of take a look at this. Yeah, derivatives, derivatives, derivatives, they, it's this, it's this onion that even those who've gotten kind of, you know, through several of the layers, there's like 500 more layers. I mean, it is, you're right, you're that term that degeneracy is so appropriate because that's exactly what it is. That's exactly what it is. Yeah. So let's, let's finish this out so people can get it. So, okay, so your 3x, the principal is very low for the market where the average of this trade was 520x, Jane jump, crypto funds, blah, blah. A 5% down payment, that's not bad. Because of Twitter presence. And of course all the S posting, who does do diligence? Well, nobody does. We did 3x from the lower rates in 2021. I remember everyone asking me, wow, BlockFi has high yield. Should I deposit? This should have been our warning sign. And of course, when you see high yields, you should be like, why is your yield so high? Where's the money coming from? I fell victim to this as well. So I will stand up and say I screwed up as well. In 2021, I remember, wow, Bitcoin, if they're pumping, why that happened from $300 each to $2,000? They were both related. They both were fueled by this trade. We only did ETH in a one month in the trade. It happened the first time. The premium was a discount. Remember that math 30% premium? Well, now it's negative 30%. And if you borrow that, you got negative 90% less interest. So life turned to hell. I knew I should have stuck with the MEV. I even sold my ETH at $300 for this trade. The discount wasn't high yet. It was only negative 1% in February 2021. But of course, as the price went up, everything else went up. The real issue was actually the interest cost. Please, because remember you are borrowing against your cash. This is the under collateralized or no collateralized. And this is one of the things that Voyager did. They took a massive, they gave a loan to three hours capital of $630 or $640 million uncollateralized, essentially from a piece of paper that said, hey, we got it. Actually, it probably just said, trust us, bro. That's probably what it said. And they gave them all the money because they believed in them. And then because of that, they lost all because this widowmaker trade. And this is where everything goes to S. I called every lender counterparty who we were dealing with and begged to get some interest relief. They knew we were and everyone else in the trades in the red. The worst part, ETH was pumping. So as ETH went up, the interest went up too. Over the next few months, we got negative six, then negative four on a three X position, about negative 13. We also prepaid the interest, the hedge against the other pumping ETH. The weight was brutal. Everything went down. May 21 update, FFF, what can we do? We even did the NASDAQ to ETH correlation analysis. Why is it negative? We tried to figure this out. So why did the premium turn to a discount? It was just a ton of products and knowledge. Folks realized that they should just buy on Coinbase. That's just it. Folks realized they should just buy on Coinbase and not with their IRA via grayscale Bitcoin because that's what you could do. And now, of course, people are going this other route and they're trying to get out of grayscale. They're dumping it for fees that are a lot less than grayscale and getting into like the fidelities and the black rocks and things like that. So people are dumping and going over on the other side. Whoops, what am I doing? All right. Every day invested, we got on, we sold every share. We could unlock, transfer, dump. Unlock, transfer, dump, unlock, transfer, dump. That's why you saw there was a big, big massive dump in April and things went down and it kind of corrected. It went back up and what they do again, they dumped on us. And that's just how it goes. The market absorber ETH shares quite well. Who the F was buying this? Doesn't matter. It's a 4% discount. Why didn't we hold? One of the lenders came back to us. Hey, you want to try this basis trade? And even after that, they still try to do it again. And he said, no, this fund is done. I'm running this again. Now that's when the discount was 4% to 8%. Where did the discount hit at the bottom? Negative 55%. And I guarantee the people that are like the degenerates, the real three arrows capital, they try to write it all the way down. What would have happened if we kept going and just would have piled up? 100%. ETH could have gone higher. They're 10x. We could have borrowed 10x. And of course, if you borrowed against it, then you're going to be stuck with negative 50%. Now multiply that by negative 1, 50, 10, 100%. We walked away. In the market today, we're seeing 35 billion of grayscale being sold. No FTX, no overload of leverage, no systemic risk. Oh, no, no. Here, I want to see this one. This is really the last thing left of the 2020-2021 cycle. It's come full circle. The market is slowly absorbing all this toxic baggage, but many of the institutional grifters are gone. But they'll be back again. No FTX, no overload, no systemic risks. Folks complain about the lack of innovation, but I see an open, innocent plane. You know what would have solved this if we just had an F redeemable ETF in 2021? I disagree. I think what really would have solved this is if there wasn't been so much degeneracy going on, but I could be wrong. Jerry, how'd you like that story? I love that story. I really did, because I was not privy to that. I was not brought into any inner circle that said, hey, this is what we're doing. And what's going on over here? You know what I'm here? Bam, over here. Yeah. Yeah, yeah, yeah. I find it's not surprising. The question that I have, what's the next, not the next shoot a drop, but what's the next degenerate play that traditional finance is going to bring into our circle to screw us over again? That's, I think, what we really should be concerned with. Because to me, it's very basic, right? Me and Jerry are the same way. We get into projects. We buy our Bitcoin. We buy whatever. We hold onto it for quite some time. We see how it goes. We follow it. We make sure it's still progressing. And we plan accordingly. And that's pretty much it. We're not doing a lot of things behind the scenes. It just kind of makes sense. And I think the only thing that you can really do these days because how many people are behind the scenes, screwing everything up is really like a buy and hold approach and see where things go. Well, you asked a really good question. Where are some of the next potential pitfalls, right? Yeah. And if we look at history, and especially the history of commodities, because this is Bitcoin at its core is a commodity. Yeah. Right? I mean, it is. So when I look at it, I'm thinking, okay, potential pitfalls, that laws get passed that allow re-hapothecation of these digital assets. So all that same foolery they did with gold, right? And oil and some of these other ones. If that same shit happens to become legal in this world, all the transparency in the world will not trump human greed. True. You know what I mean? And so that's what I'm hoping. I'm hoping we don't do that. I'm hoping we don't pass legislation that allows the re-hapothecation of Bitcoin. Well, it's a very good product like that, or create this whole world of Franken assets, Franken-style type assets that aren't necessarily the real underlying asset. There's some Frankenstein version three times removed, but yet somehow legally tethered for legitimacy purposes. You know what I mean? That kind of crud. Yeah, kind of crud. Hey, real quick, just bring it down to people for banks and re-hapothecation, how that kind of works these days, and why we don't want that. It's okay. So if you're hip to money at all, then you kind of understand what fractional reserve banking is done to money. Fractional reserve banking has allowed banks to create money when loans with no backing or without the one-to-one backing to substantiate the loan. So that has created this tenuous monetary policy. When you start re-hapothecating assets like gold, like Bitcoin, and you can have five claims for the same Satoshi or five claims for the same ounce of gold, then who is the true owner of that? Right? It gets really murky when you want to cash out. When you are just having it sit as a number on your portfolio, nobody seems to care. You know what I mean? But when it's time to collect, that's when the musical chairs thing happens. And that's the kind of the simple analogy I bring to that is musical chairs. Oh, you remember when Cyprus didn't have enough money to handle the customer demand for the withdrawals and they actually created a bank holiday, shut every bank down, right? Shut every bank down and then implemented a law that was on their books to bail in by taking customer funds and using them. So between fractional reserve banking, re-hapothecation as a legitimate way to do business and laws that are on the books to, like they're patriot laws, right? As a citizen of the state, you will help bail us out of financial trouble. Right? The government being able to. Those three things are horrible for us and we should all be very aware of what our jurisdiction has on the books for those kinds of things and try to abolish them because they're heinous to us. I'm going to tell you, it's scary, but that's why like I treasure these times right now before the tourists get in. Like everybody here, you watching right now, you're not a tourist, you've been here for quite some time. The tourists are coming and I'm dreading that day because they're the ones that... I mean, I'd love to educate them, but we know how this goes, right? You're going to get a massive influx of people. 5% are going to get it. They're other 95% will like number go up and that's pretty much it. And this is the thing that scares me. There's a way that things are... should be and there's a way that things are going to be and I always talk about that. And one of the things of... I see how it should be cold storage. You own it. You don't have any middleman. There's no intermediary. You can use it as a method of finance. You can transfer. You can do whatever you want with your Bitcoin, your crypto because you personally own it because it's in cold storage. Now we see with like an ETF and there's people that actually hold it. Here's the next question then because as banks are starting to... not just collapse, but close their brick and mortar stores. We've seen that it was like a 30% slowdown over the last year from this year. We know that they are actually hurting a little bit as far as their numbers. That's why I think they're trying to get into like a little bit of this crypto digital asset storage and go, hey, we can help. We can facilitate that. We can do that. And just like what you said, when the banks get in, you know what they're going to do? Well, I got one Bitcoin. You know what? Thanks, John. I know that Jane would like to have 0.9 Bitcoin. I'll just run it out to her and then re-hypothecation comes again or fractional reserve banking. All I'm going to say is this, I'm glad everybody understands how to do cold storage. If you don't, there is a great wallet I have. It's called Tangem. There's also a free website I have. It's called Dan Teacher's Crypto. And I'll show you exactly how to do it. It takes you five minutes. That's about it. Anything else to add, Jerry? As I scare everybody to death? Well, it's interesting that you see the tourists are coming. The tourists, a lot of new people are going to come. But I'm of the thinking that I would rather have them come to Dan digital asset news and get a perspective of somebody who has come through it as like a brother versus a yet another participant as a product by a big corporation, right? Yeah, that's true. I'm just drawing the day because I know it's coming. Who is this boomer telling me to hold on to Bitcoin? Bitcoin doesn't do squat. This does everything. This is the new Bitcoin. Bitcoin potato or something. I don't know where it is. All right. So that's a good piece. Let's talk about portfolios. Again, we can't get financial advice from our financial advisors. Definitely not your dad's. But I do like to throw this out there. This is Ben's website in the Cryptoverse. And we've been kind of tracking this since September of 2022. Historically, September is a awful month, not just for Bitcoin and crypto in general, but also for traditional markets. For whatever reason, it was actually a great month. So it kind of went against what I was trying to show everybody, which is if you go down, it's OK. Just stick around. It'll change. So I'm taking a look at Bitcoin, just putting in 10 bucks a day and also the same thing with Ethereum, Solana, Cardano, Avax, Dogecoin, Polkadot, Matic, ICP, Adam, Nier, Arbitrum, and Stax. I just wanted to add. I added Stax and ICP just to show people. Actually, let me change this. This is wrong. Not December 30th. Let's go to September 1st to today. Because I know when we're in the bear market, everybody thinks that's it. The bear market will last forever. And then when we're in the bull market, everybody thinks the exact opposite. We're in the bull market. It's going to last forever. Now, here we are. So just 10 bucks a day, you can see that. I don't know why September was such a good month. But usually in September, ah, there we go. That's where I like it. Usually you're in the negative, right? And that's OK. You're in the negative. Everybody's happy. Well, actually, people aren't happy. They're like, well, that's OK. You just keep sticking around, right? You don't know what the big whales are doing. You just dollar-cost average, getting some products. Some suck for a while. Nier, I was down for forever. But I think it's got a great team. It's got a great product. And I thought it would do pretty well. And then as we get farther into it, today at the peak and Christmas, if you would have put in, again, you would have invested $1,000, again, 10 bucks a day in the Solana, you'd be up 278%, Avax, 269%. And Bitcoin, actually, you only have 35% at this point. Let's come over here to today. Whoops, let's go back a couple of days. Bitcoin, you're only up 30%. And crazy enough, ICP, Internet Computer Protocol, you're up 180%. Solana, 173%, Avax, 150%, and so on and so forth. So remember, this is before the actual halving. So I think there's still a lot of room to run. I think we are way ahead of schedule. Jerry, what do you think here? Any plays? Well, so you know how, and you do this very well, you look at historical patterns, right? You're looking at patterns trying to kind of like rhyme or reason why. One of the things I've been trying to get my mind around are the business cycle. There's a thing. It's an actual thing, the business cycle and how the ebb and flow of expansion and contraction in financial markets, right? And it's not just in our crypto space, it's in the movement of capital. Right? And it all centers around the cost to borrow money, lending rates, everything in the business cycle is around, as it pertains to expansion and contraction of our markets, has to do with the cost to borrow money. The cost, what they call, the term is cost of capital. And cost of capital is derived from like the Fed, the Fed overnight rate. That's a primary driver of what all those downstream lending products would be. All the way from what JP Morgan would borrow money for versus what you would have your home mortgage interest rates settled at the time that you negotiated with your lender in that moment. So this element that tracks that you just looked at, we just looked at analytics that said, hey, in September, this started to happen. Well, if it's no coincidence, that happened to be where the Fed put the breaks on rate increases. That's true. Yeah, yeah, that's right. And so the rate, the Fed is kind of stabilized for lack of any other better terminology. There are no longer increasing rates. They're kind of on a hold. Right? So what'll be the next interesting thing in the market? It's really good about pricing this into the market. It's when the Fed does actually reverse course and the rates start going down. When that occurs, my friend, that will be the fourth leg of the table because the first leg is the door being opened. The Bitcoin ETF, although not rambunctious for Bitcoin right now, it opens the door for a lot of capital to come into Bitcoin. Just because the door is open doesn't mean people are walking through it yet. But the door is open. Then you got the FASB ruling, right? Corporations, balance sheet, digital assets, and the business cycle, right? The cost of capital. This is going to be a good year. This is going to be a fun year to watch because the world can only take so much pain. At some point, they're going to have to bring the rate to borrow money down so that people can refinance their existing debt. Governments and corps need to refinance their debt all the time, and it's getting to the point of unbearability. It's going to be interesting to see how the next amount of months go by. Oh, it's going to be interesting. That is for sure. Yeah. We've actually taken a look at this from pause, when you pause rates to when you cut rates, like there's an average over the last, we took a look at the last 30 years. I think it would average out to eight, nine months I'm around there. Something like that. And then from when you actually cut rates to when you had a recession, you're looking at, it's a very short time, actually, two to three months. And then the recession, huh? Well, as you're going to see, there's an element of history that will not repeat and it's because you need very sophisticated vector math. We have never had this level of debt. And so the amount of debt directly correlates to time because time is money, right? The interest you pay on a trillion dollars is much different than the interest you pay on a billion dollars, even if it's 2.5%, right? Right. So we've never had this debt load before. This is going to be, this is the, in other words, I am speculating that we will have a much shorter than nine month period of time from pause to retraction based on the sheer volume of debt that needs to get recycled to where there is 7 trillion a year needs to be refinanced and that's corporate and sovereign debt loads. You know, it makes a case, it makes a case because people are talking about, you know, this next bull run, it could be short, not shortened, but the timeframe could be reduced instead of, you know, we're hitting like a year after the halving, it could be seven months, eight months, nine months after the halving, and that would be the blow off top. Some people are speculating like 2024. Again, this is a, that's a whole new video. There's indicators out there that could help us, but we'll never really perfectly know. I'll never time the top. That's why we have these rules underneath my big enormous head. It says take some profits. Rule number three, I'm doing that this time. I'm the dude set on a million dollars from a $23,000 investment. I'm sitting on a million dollars eating top ramen because I, you know, I wanted to have generational wealth and in November of 2021 when I knew that Rob said take profits and I didn't and I didn't and I watched all of 2022 my value just go like, like a rock. This time is going to be that I am taking profit system. I'm building my house this time. I am not, I'm not rolling the dice for a Lamborghini or a private jet. I am just going to, I'm going to take some profit. Yeah. You know what I, again, like I should have taken more. I took, I took a good, I took a decent amount, but I screwed up and I'm not going to do that again. And of course I have got a, if you want to find out when that's going to be everybody, there's a link in the description is a video of myself where I'm going to sell 80% of my crypto and go from there. And then of course, I'm dreading the, the tourists because they're going to tell me how different it's going to be this time. Yeah, yeah, yeah. It's different in that, you know, so anyhow, I'm looking forward to that. Let's finish this up. Jerry and we'll do a little Q&A. There was a thing I want to talk about is this one, pooper scooper. This is just something fun and lights. So it doesn't have to be all serious and like, this is, we got to do it this way. This was put out by bonk. And bonk is one of those, they're a meme coin that did an amazing, I had amazing run and they said, hey, pooper scooper is a community-developed wallet organizer that allows users to quickly scoop all unwanted assets into bonk to efficiently purge air drops and average that clutter your wallet. I was like, I'll take a look at that. And that's from the official account. They've got 205,000 followers. So I said, okay, so this is the link I linked in the description. I've never done this before. So I don't know if this is actually going to show or not. Let me see what I can do here. So it's going to say, select wallet. Can you guys see phantom? Yeah. All right. I'm going to click phantom. Can you see my phantom wallet open up? No. Probably not. So I got to do something special. This is going to look kind of goofy for a second. I want everybody to see this. So let's see. Stop. Present. This is going to look goofy. Okay. Now, can you see pooper scooper? Yeah. I see the page and you're connecting. Okay. Now, can you see my phantom wallet? Yes. All right. Show us the password. The two, three, four, five. Same combination of my luggage. Let's see. All right. So now before we do all this, everybody, just a little word of caution. Don't put your entire life savings into any hot wallet out there. That's a recipe for disaster. Some people have done it. I lost everything. I think I got like a grand in here or something like that. It's not going to crush me if something happens. These are just for funsies. And I decided from there. So I'm going to click connect. All right. What the hell happened? Okay. So look at this. I got a possible scoop of 23 something something. Oh, I see how this goes. So like you pick the, I guess the goofy stuff. That's in here. So 27. Cause I pith, whiff. Sure. Draco. I don't know what this is. Ponk. I don't know what. Choose them all. Well, I want to, I want to keep pith or pith and guac. Why not? And then go from there. Let's scoop it. All right. I don't know what that stuff is. Oh, no. Draco. Ponk. Bon coin. All right. Plus 200. Oh, that's bon coin. It's not bonk. All right. Network fee 0.00035. All right. I got a token called co F yourself. That must be from my fans. And cat. And then cat with hat and transaction has been processed. Please refresh us. Okay. So I guess. And what did it go into? That's the question. Well, shouldn't it have gone to your wallet and can and got converted into bonk? I said that was the whole point of this exercise. Oh, same. A little bit more. Yeah. I guess that's it. Well, sweet. So you got $145 worth of bonk. Is that so? Is that what just happened? I'll have to go look at the transactions, but, uh, well, no, well, 17 bucks. Somewhere around there. Oh, is that what it, is that what it says? Yeah. 17 bucks. Okay. Okay. Sorry. It looked like it was up 17% from where I'm sitting, but I can't see the screen like you can. I'll let everybody else play around with that. But I just want to show everybody that, Hey, if things went sideways and I lost everything, it wouldn't crush me. Hot wallets are there for fun. And that's pretty much it. And then also we need to do. Jerry, we got to give away some, some hyper cycle. Oh, let's give away some hyper cycle tokens. Absolutely. Let's do it. All right. Let's go to Rob's Twitter. Yeah. Go to my Twitter. Well, first of all, explain to us what hyper cycle is again. Well, okay. Literally hyper cycle is an AI to AI network. So it allows artificial intelligence algorithms to actually seek out other AI agents or computational resources to perform their AI computation. Okay. Pretty simple stuff. And it's optimized for speed and agility. So in a normal human brain, you have neurons firing synapses off all the time. They don't have to go to some central part of the brain to ask permission to do it. They just do it. That's how hyper cycle is built. So in a normal blockchain type of situation, every transaction you get is in limbo until a block gets created and then it becomes real. Hyper cycle is the opposite. Transactions occur in real time. And once enough get done, then they get sent to a Cardano side chain for the historical record. But this total IP protocol that we use is basically the foundation of hyper cycle. It's revolutionary. So it's kind of like not a layer one. It's a layer zero plus plus kind of thing. Really fascinating. You're going to be a network node operator here shortly. Exactly. Maybe next time we meet. Well, hopefully. The reason I got into this is because I mean, this guy, Dr. Ben Gortzel, he's from Singularity, right? Yeah. And he's the dude behind Sophia the robot. He is one of the premier AI scientists on the planet. Yeah. And Tufi, the CEO of hyper cycle is the guy who actually wrote the total IP protocol that is allowing this AI to AI network to even happen. Pretty amazing stuff. Yeah. But yeah, our giveaway is we're going to, I want to give four people 50 HYPC tokens. All you got to do is go, you got to follow me and hyper cycle AI on Twitter. Go to our what is hyper cycle tweet, which is our pin tweet right to the thing, retweet it, make a comment, tag three of your friends who you think should learn about hyper cycle. And I will go through those. I will find four people and I will ask them in a private message for their deposit ERC 20 address and I will send them 50 tokens. Let's see. All right. I'm grabbing my thing so we can, and you'll be able to send me the results of this, Rob, or do I need to write them down? I'll send them to you. I'm going to contact these people. So let's see. Winner two, three, four must follow at hyper cycle underscore AI at Jerry V. Hall one. Twitter tweet count. Okay. This was not put out too long ago. So let's see if we get four winners. Oh my God. There's a lot of people. 61. All right. Can you send me that list? I can draw it right now. Okay. Okay. Let's do it. I've never seen this before. This is cool. Oh, AI and Emma, you were so close, but you weren't following hyper cycle. Congratulations. Crypto bites, Rick Alba, Aaron Usan and Jason M. I'm going to DM you guys directly. So I will introduce you to Jerry and he'll give you those 50 hyper cycle tokens. We go for it on. Thank you. That is cool. Yeah. Right. Easy stuff. Twitter picker actually works now again. All right, everybody. So that's it for today. So look like this video. Give it a thumbs up. Talk about it. Definitely time sensitive. And then as a reminder, you can find everything out about hyper cycle. There's a link in the description. You can follow Jerry. And then of course, the tweet that we talked about, where we took a look at the shenanigans that are going on behind the scenes. There was a link to record to that. And you can scrutinize that and pour over it and all those great things.