 Hello, everybody. Welcome to Friday's live stream and today is like the thumbnail and title suggest We're gonna talk about something that of course has been brewing for quite some time and it is Ethereum layer one transaction fees now before we get into it and Talk about what this is. Let me just make it crystal clear that Ethereum is going to do great this cycle Ethereum for this bull run is going to be Massive and I think with everything behind it and the history that it has and of course the probabilities of a Ethereum ETF coming to light, which is over 45% now. I think I'll do quite well having said that You can see that Ethereum and the price action categories done extremely well in the last seven days It's been up almost 17 percent bitcoins done 22 percent over seven days And you know, yes, a lot of did do 30 percent in seven days, but you know, it goes down, right? Everybody as everybody likes to say it's going down, but look even XRP went up I thought that was a stable coin watch out, but and then of course my favorite dogecoin up 60% in the top 10 Where it rightfully should be so Having talked about all this stuff This is one of the issues and you're gonna see this more and more if you're new to the crypto sphere welcome Thanks for coming by. I don't think we have too many tourists here yet, but just get used to stuff like this so I try to do a transaction and This is for a new project that I had gotten into and when I tried to do any kind of withdrawals I was greeted with this nice little Reciprocity where it tells me that hey if you'd like to bring do that and do any kind of transactions here in the layer 1 It's gonna cost you 150 bucks and I'm like I'm trying to move like 300 bucks. What's going on here? This doesn't make any sense but that is the fees and then it's just how it actually is so I posted this and I Have to tell you on X or any place else. You have to understand that there are people that Have a ton of Ethereum That really believe in a theorem There are people that absolutely despise a theorem that are people that hold the opposite token Whatever that may be I personally hold over any different cryptos So for me, I don't understand it and if I don't hold it and you go up I'm your biggest cheerleader. I'm like great. Congratulations. That's fantastic. Good for you. You did what most people can't do So when I put this out, I was an ex well I kind of was expecting pretty much the mental gymnastics that have to go through it and some were some valid points But this is just how it's gonna be So Ben's chair, you know, rightfully said, hey, is there any other option way or two? Which is a good comment actually I said no as a new project. You can't do that Ken Cole says why use an eth main net using the L to there a hundred times cheaper first of all It's one of those things we're like if we're going into the next evolution of finance And we're like well, you can't use this layer one You got to use a layer to and you got to bridge it over and you got to do all these things And you got to use a special type of Wallet and you got to do something else and it's just like you can't make it easier than that This is the future of finance. I don't think this is really doing doing so hot right now Maybe it'll pick up back up later. Who knows? Sam my financial friend says yeah, same thing beardy oof Des with this stuff out. David Rosalie says hey, it goes up and down all the time I moved some this morning only spent like 450 on fees I've been doing this the whole day and that's the cheapest I found so far one for no, no, that's not true That's not true before that. I think there was one for like $111 so I didn't post that but still and you know just a lot of things across the board at least it's up All road says that's why I'm out he's done great things for the sit base But it's now weighing down compared to other L ones and then Me says check the traffic on the network before a transaction my guy and I'm like I swear to God I think myself this cannot be the future of finance Josh says we're trying to sell some ERC 20 tokens to add to my whiff bag, which is not a bad project $212 an ETH gas fees forced forced totaling continues And then someone else corroborate my story and said hey, this is this was my fees today, and I'm like you got to be kidding me Anyhow so You have to understand that as we move into the bull market things are gonna get exposed And they're gonna get exposed because when you have a lot of transactions the transaction fees You know, of course move up massively and there's a great Chart over on bid info charts. I wish they would update it to more. I don't know More up-to-date type of platforms like I don't know anybody using dash. Sorry Zcash who the heck is using Zcash bitcoins atoshi's vision? Come on Seriously, these are the ones that are using not that I'm calling them out, but I mean come on update a little bit So if we're just taking a look at a bit Bitcoin and ETH of the last three months and of course Ethereum is in red The average transaction fee is $22 now. Yes on layer twos it definitely is cheaper However, when you're doing things like what I'm trying to do as far as like with with the new project That's an ERC 20 token only that's it and then if you're trying to transfer things back or for NFTs That are on the Ethereum chain and of course you want to you want to buy those or sell or excuse me sell those You're stuck on that chain. You can move things around, but it's not the same thing For moving. Yes, I get it, but we're selling on the chain Especially NFTs and stuff like that is not happened So here's the fees going back and this is just three months But I want to show you something over three years going all the way back 2021. This is how it was back then too so and Bitcoin is no, you know, it's no swan song. It's not like it's it's Without Merits of how high I can actually go Bitcoin has transaction fees as well and especially with ordinals I mean back in December 213 you had Bitcoin almost four times the transaction fee as far as Ethereum And then of course the mental gymnastics starts to take over. Well, Bitcoin's a store of value It's gold 2.0. Why are you moving it? You should move it. You got a diamond hands it da da da And I'm like look I get it I'm just saying that we're early to it and this can't keep going on especially with Ethereum so Just a little observation about what's happening when people come to you and say this is the future You're like well, it is it's just To get to the end point sometimes, you know, you have to go over some bumpy roads and this is exactly where we're at So let me know what you think about that in the comment section and speaking of L2s. I want to warn everybody About what's happening? there's a massive unlock going on in the next couple weeks with arbitram and Not no problem. No problem with arbitram. I own a big huge bag Very hopeful this goes up quite quite majorly, but this is what's happening over three billion dollars in crypto tokens are set to Unlock this March with arbitram having the massive unlock so Arbitrum is going to release more than one billion Arbitram tokens on one day Equating to 87% of its existing circulating supply by March 16th. Wow That's a lot This influx will be valued at approximately 2.2 billion at current market rates Let me just say it again. It's valued at approximately 2.2 billion dollars this unlock the project's core team and advisors would receive 673 million arbitram tokens and the investors and then some kind of seed phrase seed round pre seed round and some kind of investors are going to get 438 million of our tokens just so you know for the 2.2 billion The market cap right now Is 2.5 billion and that's again 87% of its circulating supply and this can actually be Verified over on token unlocks. I like to link this in the description so you check that yourself Upcoming events nine o'clock at a.m. It's two weeks away 1.1 1 billion of arbitram now having said all that you have to understand something When you have a massive unlock people will take profits will people dump like crazy until the price of arbitram Goes from roughly two dollars down to a penny Probably not Especially if you're the team and you're an investor because you want to milk this cow for as long as you possibly can again I've got nothing wrong with arbitram I Again, I'll hope they hope it does pretty well for them to sell everything probably not But you will probably see a little bit of a dip about what's happening and especially with The sell pressure coming in anyhow, I don't you think about that? So that's the theorem and layer twos. Let's talk about some good stuff Bitcoin bitcoins the shining light right now and You know, it's it's it's the king crypto so far and the ETFs and the numbers Just how well it's doing now. I'm not gonna go over this in detail because First of all, everybody covers this so you all know about it I just thought it was interesting to yesterday 29th of February that the inflows from black rock was six hundred billion dollars Excuse me. I always read these wrong six hundred million. It's not six hundred billion. That'd be crazy and then the gray scale Outflows and then dumping was five hundred ninety eight. Essentially. It was a wash, but we still came up positive ninety two So gray scale continues to dump I thought they were slowing down if they were one from one thirty seven to one ninety nine to fifty five to forty four to twenty two Then one twenty five to sixteen and funny. I'm like, wow They got a long ways to go and there's a great way to actually Visualize that that's from a website called. Hey Apollo comm and takes a look at the ETF holding. This is excluding Gray scale Bitcoin. So just take a look at this and it's just like 10 seconds or so, but you're gonna see like just how much accumulation of These massive ETF Institutions are taking on like that a hundred thousand and no time flat over and yeah, so if we take a look at that that is a lot of Bitcoin being hoovered up by these institutions But one thing that was kind of surprising to me because we hear about these These great price action. We see it. We love it. We wanted to go higher, right? Bitcoin to a million or whatever people crazy price predictions that they're giving you today But you'll notice that This is the ETF. Holdings our time From the beginning of the ETF and of course this big blue candle right here. That's gray scale Of course, they had all the cards. They had six hundred seventeen thousand Bitcoin just waiting to get dumped on and boy, did they so over time you can see that it went from like six twenty Well, six hundred seven six hundred twenty thousand. Let's just deal with round numbers and you can see it didn't really I mean, we saw a lot of price action, but it was dumping by by gray scale and picked up by Black rock Fidelity arc bitwise and stuff like that, but looking over here you're taking you you would Hear about just how much it's it's happening, but you're like how much is it really? I mean from the beginning it was six hundred twenty thousand Bitcoin now we're looking at a roughly of seven hundred and eighty thousand somewhere around there total so In the grand scheme of things this isn't the whole marbles. This isn't everything It's a good amount And I know that people, you know want to get an all-time high which I think it's coming anytime soon But it is a process. It's much faster than what I thought it was going to be but for us to say like, oh, you know They have everything they don't have everything and it's been a slow accumulation But just imagine this and extrapolate this out for three months four months five months I don't know how much supplies out there, but apparently 900 Bitcoin are being produced 10,000 are actually being hoovered up by these Institutions and ETFs and you know, I'm buying myself Not that not that I'm making any kind of changes. I was saying you probably are as well So it's just interesting to take a look at just how far we come and just how much the price will probably appreciate as time goes on because In all honesty, who the heck is selling and yeah, let me just think about that Interesting little little piece there I linked that in the description so you can show it to all your friends and orange pill them Whatever you want to do and then also I had to ask this question because you know We see this and we're bullish. I'm bullish, which is kind of strange because I'm not usually that much But I had to ask the question which was and it was some of the me and Jess and Ben were we're talking about NFA live and Ben talked about he goes, you know, you know, these guys don't really share the principles and I had to ask everybody I'm like do the Bitcoin ETF investors Believe in the principles of Bitcoin or just the numbers go up like the people that are contacting you You know they are through the you know Johnny come lately people who are like, oh, I'm just here because I heard the number went up and Across the board everybody's pretty much. I mean, there's 13% of people who really believe that yeah They're really all about the centralization and And a store of value and a flight to quality and all that stuff and they don't really care about them I grow up, but maybe it's a little bit of both, but I personally believe it's a number go up type of thing and if they Really were into the ethos of Bitcoin. They wouldn't be using ETFs. They will be self-custiding it They will be learning about why it is they don't know I don't think most of them know How important it is as far as as they hedge against inflation or to deal with inflation or how it correlates with gold or uncorrelates with gold and really is The hardest asset in the entire planet. I Just only they think that is they they look at a go number go up. I've never seen this before I'm in traditional finances It's awesome and it worries me because if something Along the way happens they double up. I think they'll at some point just sell and I know people will say that's a little bit crazy, but not everybody will I think people would take profits But when you don't know what you have why would you hold on to it? I've always told this story about son comes home from school and he says hey I got you know 500 Bitcoin for $500. You want to buy it? This is in 2012 I go what the heck's a Bitcoin he explained to me I'm like doesn't make any sense and I pass on it I can guarantee you with a hundred percent assurance as soon as that Bitcoin doubled I would have sold all of it because I didn't know what it was I think it's the same thing here. So I know everybody's super bullish. I'm bullish myself, but just remember that You know there are there is an opposite side of this and Instead of just going hey, I should dump everything right now and get into it. Just just plain devil's advocate Anyhow, let me just think about that and then also good news coinbase sees a massive 1 billion Bitcoin withdrawal and This involved a transaction or approximately 16,000 Bitcoin. This was Roughly 1 billion. This was yesterday, I believe and 16,000 Bitcoin was taken off of of Coinbase and I Usually if you're new to this this arena, which most of you are not you know that when people take Bitcoin off of an exchange It's usually because they want to hold it for a long time and that's good I think personally that people got spooked when Coinbase went down at the height of when was it a couple of days ago when everything was going ballistic and we almost Touched 65,000 we probably would have hit an all-time high if it wasn't for Coinbase and whatever happened with them because they couldn't make the load I Think people got spooked on that like you know what maybe I should roll out some that cold storage device maybe I should whip out my tracer or my ledge or my tangent or whatever and Take that off the exchange is because I have heard about these things called Mount Gox and Celsius and Voyager and FTX and that's just how it is. So I'm glad it actually happened and hopefully people will understand that these Dips or not dips these problems that arise with these centralized exchanges can happen at any time And you must always take everything off and you should you must always custody your own assets as much as possible There's no excuses. There's no excuses anymore. If you lose it on exchange All right, so I don't need a lecture. I'm not your dad and then lastly Moving away from from Bitcoin, let's talk about some crazy D gen place Well, not that DJ so we did a video a couple weeks ago matter of facts We talked about it was it was a Alvara Alvara. I always say I think I see it wrong It's a DeFi hedge fund and we talked about this on our second channel Dan D gen on that channel That's more the risky stuff. You're gonna make a boatload of money. Are you gonna lose everything? one of those two things are gonna happen and We talked about Alvara and I said, you know, there's two problems, you know, one of those was the ERC 7621 if it actually got approved which it did by the Ethereum Foundation So that was just that I think it was actually gonna happen and I mean this fast and it did the second thing was about hype and It looks like it's moving in the right direction, so I have it on good authority This is just say it's a rumor So Alvara Alvara is going to be listed on Uniswap on the 4th of March. So you got three days nice and This rumor this rumor Can't verify this But it looks like a specific fund on a specific stock exchange is going to make an announcement next week right in line with when This actually comes on a Uniswap on top of that. There's going to be a partnership announcement for a top 20 crypto project so In light of that, I thought great. This will be good times what I'm gonna do I did I did a giveaway which I never do But I said, hey, we did a deep dive in Alvara. I want you to watch it There's a link in the description is a link also to this tweet I'm gonna give away $500 in USDT. All you got to do is this I want you to follow Alvara protocol I want you to join them on telegram and then retweet this this post itself and We'll do the drawing live on Saturday and I'll give away $500 with the USDT It's a very simple thing. I'm feeling very bullish. So let's do this. So, yeah So we'll go from there and again if you Missed out on the 10 cent ideal launch have fun staying poor Just kidding Not really. All right, and then lastly a plea for everybody Can we help John Deaton out this man's a It's a good man. He's doing good things He's running against Elizabeth the senator Elizabeth Warren trying to uproot her in Massachusetts and on his secondary X account for Deeter for Deaton for Senate. He's only got 17,000 followers. That's a travesty. It's a travesty So what I'd like you to do is to follow John Keep up with him support him as he tries to overthrow Senator Elizabeth Warren when we go from there and that's it for today. So look like today's video give it a thumbs up Consider subscribing everything we talk about his time sense