 Chival. That's a pretty good day. Good morning. Yes Okay, this was the question I So Rob, hope you're well We'll be great to hear your view on retail clawbacks without insiders and fall by Celsius If you don't know this thing called clawbacks, which is the dumbest thing of all time Well, it's not dumb. It's it's a legal president and what it says is that if you removed your crypto Crypto, I think the money too if you remove that at any time within 90 days of When Celsius and Voyager and FTX apparently shut down that you are subject to clawbacks What do I think about that? Well, obviously, I think that's a that's a pretty awful way to deal with investors but Unfortunately, it is the legal precedent and it really comes down to the judge and As as they determine who is the person or who is the rightful owner and Celsius they very well could do that Now are they gonna do that? That's the question and I'm actually going to have I was reached out by plan C who Asked me to have one of the representations of the lawyers on so I'm gonna have This lady on and she's gonna talk to us about clawbacks and what it means for us I'll keep everybody in the loop and go from there. Let's see Ah, that's the wrong one. Okay, I'll turn it off. It's a little goofy. Okay George good day When is Diaz Morning, Rob. Thanks on Dara. Dara looks great Some people say it's gonna be the next big thing and it might be I just don't have any exposure to it So that's all I can tell you and you know on this channel I am super biased. I only talk about the things that I own So if I start buying Hedera, you'll know it talking about it. Yeah, that's about it. Let's see Not quite sad. It says the coinbase free as a robbery. Well, there's two things really about that and first of all The fees are a little bit higher, but guess what they haven't collapsed So everybody was talking about how great the FTX fees were and you know what their fees really were 100% if you think about it, sorry So if they're gonna charge me a little bit more and they stay up great It really doesn't matter to me I transfer all my crypto off exchanges on to my nano ledger X or yeah X So I don't really care so much But if you're worried about fees, there's two options First of all, you can use they used to be called coinbase pro and now I think it's something else coinbase advanced And if you want to use that the fees are less from what I understand I don't use it personally because I just dollar cost average and I don't really I'm kind of lazy. So I just let it go Another thing is is a coinbase one you pay like 20 bucks and there's no fees up to ten thousand dollars per month That's what I use every single month That's it So yeah top of the morning That's a good question Road trip buddies. So there's To answer your question the question is Rob did you move to Puerto Rico to save on heavy taxes? It's one of the reasons. Yeah, second reason is I hate cold and the third reasons is Well, me and my wife wanted to get out and all our kids are gone. So what's the point? So we spend six months here. We can either spend six months here or like florida We're like arizona But we're like, well, we like it here and there's a nice tax benefit So we chose this place and it's working out pretty well so far. So there's a couple different reasons So before anybody moves here just remember if you got like kids And you're like, well, I got to move with the kids and then you know I depends on your revenue and your income. There's a lot of factors to think about it Don't just move here and go, okay. Great. No taxes. Trust me I've done a couple of videos on Puerto Rico so far watch those videos first And I I urge you please do that before you make a potential huge mistake And move here for some for some it's for you and for some it's not right on Let's see if staking took off coinbase could have eased fees and taken equity from finance plot twist Seize you made a few calls to a certain party And whispers and ears to stop staking, you know, there's a lot of things that are going on I just I find it interesting That gary gensler Is always talking about we you know, we believe that All these exchanges here in the united states are selling our registered securities and we believe it and then they just Every so often they really make a big move and it's like to scare people Just to scare people back into submission and go and see we told you we can we can do these things and they do it That's why i'm like just let's go to court right now Let's go to court. Let's just get it all in the open and then we'll see and guess what if the sec does win Okay, well, then you know what that means. Yes, all the exchanges become Selling securities robin hood does it every day in equities Stocks so all you got to do is register and then the different projects that'll say, okay Well, I guess now we're considered a security here. We'll pay some fines and move forward whatever So let's just get it out of the way and get it done So the institutions are like, okay now I can invest into this stuff And I know where we're at and i'm not going to get a fine for offering unregistered securities to my customers Which will leave me to my next point. I was talking to not meme not meme shout out today at the uh At the event for the shelter dogs And she said what I don't understand is that fidelity in my account is offering me Crypto products that I can buy right now in my retirement account Or I think it's an investment account and I can buy those right now But they don't seem to be bothered that it could potentially be an unregistered security and it's it's things outside of not just bitcoin Bitcoin and three months and other cryptos. So i'm like that is interesting It's a ballsy move and uh, I just wonder how that's going to play into effect later on So just think about that It's it's it's it's it Let's punch up like like some damn. Yeah, that's right punch up Ah Yeah, I don't know George says why is the sec pursuing legal action against coinbase they get up Real big thing for coinbase for whatever reason And uh, i'm not for sure why either so who knows Uh, they share network fees each other boards as users I gotta tell you And my concern was this and I talked about this before it seemed like before Like in Different exchanges like they would say okay, we're gonna stake your crypto But we're also gonna rehypothecate it and we're gonna give you x amount of of yield And it seemed like you didn't really know where the yield was coming from was like Were you really staking because you said you were but there's nothing there's no proof of documentation And are you rehypothecating? Are you commingling? Nobody really knew and now here we are. So I just think like okay fine Let's just put on the open get some disclosures like jesse pal was talking about what she's He did make sense in that statement. So I don't know what's what's happening there, but I will ask you a basic question for everybody Why the hell is anybody keeping their stuff on the exchanges? like Even gary genzler came out and said even gary genzler came out and said not your keys not your crypto on msnbc I mean if you can't get any more clear than that, I don't know what to tell you man So if you got it on exchanges and you think everybody's gonna be great More power to you I got three reasons to take it off exchanges. Celsius, voyager and ftx, but that's just me talking from experience That's a cc. It's pure corruption. I am not your dad. That's very true Uh Ho ho ho Cocaine says Celsius has confirmed they will clawback retail who withdrew their coins in the nine days of vk What's your view if that happens who would buy sell krypton u.s. central exchange if you agree exactly exactly so it's like this is Man, I gotta tell you I now i'm definitely gonna have that layer on If this happens, it's a huge black eye for everything, but you know what? it would make Where there is a hole or where there is a problem. There is a solution somewhere And I know that not me but people in the crypto Crypto field are smart enough to figure out a way around that to transfer your Your crypto some way into Or your fiat into crypto and then you just use dexes. That'd be a big a big question. So if uh, if Celsius does claw back I will go out of my way I'll go out of my way. I'll make it a mission To make sure that everybody is reminded of what they did if they ever did a new company or what's gonna happen Hell I'll stick around for another year just for that I'm a nice guy and tell Court would still be a huge risk though if it was all taken to court if we lose and good chance we would Since we're against the ac. That's not true. Then we'd really be screwed. So think I should only write Here's the thing. Cory you have to understand the sec doesn't win all the time It's just that mark cuban beat the pants off them in a lawsuit go look it up Not only was it uh a drubbing It was a fast one. So the sec accused mark cuban of insider trading. He was like Well, let's just go to court and see how that works out and it worked out great for mark cuban and the sec Close away. They don't always lose or they don't people don't always lose against the sec It's what i'm saying. So if we all got together I mean, let's let's be honest the exchanges do have a little bit of money and a little bit of power and sway I think we should do just fine and let's not forget that just because we're against the sec It doesn't mean that we don't have friends in high places the luminesces The ted cruises the tom emmerers The hester pierces. I mean these people are not just like Average jane and joes. I think we do just fine. I think I think we would win actually And we'll see SEC g just finished what f2x trying to do all year to stabilize crypto. It's a good point A lot of people think that uh sam bankman free was a was a stooge a useful idiot and they may be right I wouldn't fight rob from dan. I'm a very boring guest. I'm actually very boring Yes, george the So-called, you know, what's ben had a good point the people that I wanted on my dinner party Which was alex machinsky I'd want him first just to sit him down and ask him Why do you lie right to my face and everybody else's face on my show? That'd be the first thing and the rest of the people would come in. I don't really care and then you had uh the two guys from three arrows capital and uh Sam bankman freed And then dope wan and then the waiter would be gary ginsler So ben had a good point. He goes isn't it amazing goes if you would have said that a year ago Besides gary ginsler people and like oh those guys are really good up and standing citizens of crypto and people love them. I remember Being at guys event. No, no, no, sorry. This was uh, this was this was another another private event that that I attended And uh, there were people I was up on stage with a like that martini guy and a couple different people And somebody was talking about you know We need we need people who will stand up for for bitcoin and crypto And we all said yeah, we need more people like that and one guy stood up in the audience and goes you guys are Like he pretty much was he started to yell and he said But we already got that and his name's del qua. What do you guys don't know what you're talking about? I'm like, I don't think that guy's really that good and then like three months later everything collapsed So I think it was that I don't think it was really that good for the for the uh, crypto market in general Yeah, you know I would want to have dinner with the Illuminati, but that's just it anybody be Illuminati. You never know They'll be like i'm the Illuminati. You have no idea 200 years of jail Yeah, exactly definitely maybe I like the first clown too Road trip buddy says dude. It's a motivation youtube speech Yeah, and I and someone said that also for the thing about like it doesn't matter if you lose your mom or your dog What else it's just mad that you're successful If that's a motivational speech, it's the worst one I've ever had. I've lost both I mean there was a time when me and my wife split and uh My best friend just passed away My my dog of 14 years. I gotta tell you I'd give up Everything I own to have to take that back. I mean now me and my wife are back together after This was a while ago, but uh, like I don't give a shit how much money you make It it doesn't make a difference Uh in the world or how successful you are. It doesn't matter. It just doesn't it doesn't matter. It's a long run. That's how I see it Ah teeny tesla Hello Tika ben rinsberg. It's a good question. Hey rob. Will the staking usa problem affect us that are staying with you? No because I am just the face of denew staking. I Am uh, just a cog in the wheel. Uh the people that Are response not responsible, but we all have a certain amount in it But uh, our staking is out of net netherlands in australia So for us, it's uh cardano staking. So we don't Have anything centralized here in america uh, we used uh kubernetes and we just Space it all out globally. So for us, it's not a big thing But if you listen to what what genzler said about the staking prospect and how that all works it's um You have to understand like Think about how aetherian runs their staking, which I gotta tell you is the worst Not the worst, but it's not the greatest. We'll just say that I've when I heard about the staking I was I did a video on it and I was showing people how to do it and halfway through I just said I'm not doing this I'm just not gonna lock up my aetherian for that long. You can do it, but for me. I'm like, I don't get it I don't For me it didn't make any sense And then with cardano because like when you lock it up and you're moving your aetherium you're giving it essentially Locking it up someplace else and you don't have access to it But with cardano, I mean it never leaves your wallet ever you have your private keys You are in control of it. There are no lockup periods There is no stake or there's no slashing. There's no I mean the worst thing that could happen is that you may not you may miss if you're designated Stake pool operator isn't Doing their job. You may miss one epic not giving rewards, but you'll never have your rewards taken away So for me like personally, I think cardano knocked out the park with staking. It is the cleanest easiest Way to do things and the most consistent. I don't There's and then of course everybody will say well, well this you know for well, this other project is great I don't really I mean I stake I've staked avalanche. I've staked cosmos. I've staked near I've staked salana and so far the easiest and best way I've seen with cardano, and that's why we just stuck with that stake pool and that's it and let's see People who love money say that yeah, some people are so are so poor. They only have money That's what sucks Coinbase card rewards. I don't know I think if if the coinbase card rewards would be effective. I think all credit cards would be affected in the future uh Yeah, joseph's got a great question. Why do crypt crypto people hate coinbase? I used to you know I used to have my problems with coinbase too I used to be really I always talk about how I hated the fact that they would always go down in the most Inopportune times like during like big crashes so people couldn't sell or when things go up Uh, you know Miraculously and like these blow off tops and see like it would get so much action. It would just shut down. I'm like Why does one of the biggest crypto exchanges on on united states shut down? I mean, they should have this already figured out and I got I was always giving them guff, but later they've been doing pretty good And I will say one thing about brian armstrong I mean he really believes in crypto and really wants to make things work from what I've seen maybe behind the scenes He's plotting huge takeover. I have no idea But uh people just hate coinbase because they hate coinbase and they always talk about the fees and the fees and the fees look man These days i'm just happy that coinbase has not become insolvent and uh collapsed I got to tell you it's just like the army just show up with the right uniform and get promoted So in this situation of coinbase just keeps moving forward and doesn't collapse when I see them as onboarding my new crypto investors around the yeah me and lure in the same the same uh boat I gotta agree with you Coinbase will be good It's from troll Ah Yeah, it's it's crazy ryan, right? Uh I know mr. Wonderful does have kids. That's what's crazy He's got a wife. Maybe he hates his wife. I don't know Allegedly, I don't know Yeah, d tom says i'm in new york. So I basically need coins y'all can f off wishing to see his novel I don't wish his downfall. I want those guys to succeed as bad as anybody else does This question Curious as to why you and ben ditched james. We didn't ditch james. The thing was like when my tribe Gets together with ben's tribe. We don't really have too many problems pretty much. We're all aligned But when my tribe and ben's tribe and james's tribe gets together It was toxic and when we did these these uh the dca shows It just wasn't a good mix after time over time And that wasn't my plan my plan was to alleviate your stress You're in enough stress as it is when you go to the shows I just want you just to enjoy it and relax and when you see things on live stream and it's really negative You're like well, this isn't what I wanted. So I said me and james and ben talked me go You know what maybe our tribes just don't align and now james has got a new tribe and they seem to do pretty well So that's great. And then me and ben picked up guy and we're doing pretty just fine. So that's it How's portorico? Man in portorico is awesome um I like how in portorico like stop signs and stop lights are suggestions And not something that you actually have to do that's fun And uh, besides that the weather's perfect and people are great and the food is But I mean, it's a great place to be. That's all that's all I do like it here I'm probably keep living here for the rest of my life Is the staking ban official just rumors so the staking ban for kraken that's official That's gone through 30 million dollars later. They're not offering staking. They will not be moving forward unless Gary ginsler comes out and says here's the criteria. But as far as I know, that's it now with coinbase and all the rest of them Seems like they can still do that by nc us. Sure Uh Ah red cram red cram Keep it a good work by your insights. Wish I could have found you in the last bulletin run so I was talking to meme about this this this morning at the dog rock. I think that's what I'm going to do so I'm I have a plan to sell my crypto And people if you're a diamond hands person You can do that. But um, I did a video did a video and it was called And why and when I'm selling 80 percent of my crypto and I linked it in the description of every one of my videos At the very top in the description and I want you to watch that video because once that those criteria happen I'm going to sell 80 percent of my crypto And once that happens, I think I'm going to step away from this channel It's It's a good idea to do that To just make things final and then kind of move a little bit and what I'll do is I'll say once I sell Like this is this is just a thought I'm having it's just to go. Okay. Look everybody. I sold this is it You can do what you want to do you can ride this out But I'm going to make things final right here And I'm going to step away and tell the bear market comes and I'll probably just take a break for like three months Because there's a blow off top and then who knows three months six months Who knows Then I'll come back But I want to make it like uh like a final so people are like oh rob a serious. He really do these things Maybe I should you know really think about that Do my research and see if this is a good time to do those things because it's always the same thing It's always a four-year cycle And it seems like whenever we think like it's just going to keep going up and up it never does Obviously, right? So I want to give people something to think about Instead of just sticking around going that everything's going good. That's great. I don't know We'll see if that's a good idea or a dumb idea. I'll hear about this in the comments That comment is important Gary just wants control it's good true It's a great point if it was your wife and dog and your mother hates you and you're happy no one should ever trust you Oh, maybe Maybe your wife tried to kill you And maybe your dog Hates you. I don't know. I'm trying to play devil's advocate, but it's very tough. It's true SCC control my banks And that's staking in japan is great. Yeah I probably It's a good idea t-shirts not your dad what Is that true from april 2023 India is basically going to find and jail people who do transactions through peer-to-peer On foreign exchanges. So now the only option left is domestic exchanges that prevent crypto withdrawals So you can't that's interesting. Is that going to be a law? They already put that in if that's the case as far as crypto withdrawals nothing in cold storage. Hmm interesting jail, wow Ryan says are you DCing more into bitcoin or eth bitcoin? There's more of an upside potentially for ethereum, but i'm Trying to play it a little bit safer Didn't know that hey rob me time. I walk in the show dogs. Don't forget to mention scientifically proven to boost endorphins Yeah, and you can also lose weight and you feel better What are your thoughts on leido staking? I wouldn't do it. It's just me I don't like having things Locked up. I don't know never had an issue with eta Deadless is the best way to stake. That's what I use but people sometimes don't like because it takes so long to download I get it Mofongo or tostones neither. I don't like either of them, but everybody seems to love it here But that's just me because i'm not from here But everybody loves it here Ben had no mods ben ben doesn't like to Doesn't like to ban people He's just like me Like if you make if you're I think a scam bot, then I'll ban you but uh, I don't even people would disagree with me I don't ban them I've got plenty of those. Let's see. I think that's it guys Selling sunset selling may and go away. I'm gonna put that to the test one these days That would have worked out pretty well actually for the last bill run Okay, and that's a good way to say goodbye tesla goodbye tnt and goodbye everybody So look that's it for today Uh, I gotta do some things gotta get out of here and get some things done But enjoy the big game watch that uh super bowl commercial should be interesting But that's it for today. So like today's video thumbs up before you leave. Please It helps out a lot apparently Subscribe you can subscribe, but it's not like youtube's gonna notify you all the time But good luck, and that's it for today. So thanks so much for stopping by appreciate you And i'll see you on the next one adios