 Q&A that was funny. Let me get this out of here. Oops wrong one Comments so many so many comments Bright says you are such a cardano shill. That's what I don't get about you. Otherwise. Love you to bits Let's see I need that cardano at two bucks so I can leave two dollar crown would be pretty great. I gotta tell you You know in 2018 2019 when Cardano was seven cents nine cents I was like, I think I could do pretty well once it gets a main net and get some smart contracts worked out. Okay Cap or die says Jarky thanks to the membership Jarky's always given out some memberships. Thank you appreciate it so much Vicki says I'm glad to see cornucopia is here Josh and Robert legends looks like they've been doing a lot of work a lot of work Hotsky says is anyone seeing this or was I blocked again for liking Cardano? See Rob's a Rob's a carano shill, but he blocks people as it is. Oh, you see you man Alex Mansfield older new stay in we're all winners and this would go back to The survey that we took a look at where most people were saying that their crypto portfolio underperformed I get that just if you don't like the price It's like it's like the rain in Puerto Rico Just wait around it'll change Crypto golfer currently getting crushed not leaving never leaving. See that was my thing too in 20 2018. I was like, wow I just lost 75 80% of my own tire portfolio and now three weeks. I should probably stick around That was my that was my thought process. I have words longer than most people in the assassin Most people have been in a year or less. So that's that's not a surprise It's a surprise to me because I have this flaw and the flaw is I think people are like me and they've been around for a while But then I realized that's not true People really have just come in in 2021. That's it Not mean crazy isn't the IV holder very true Gary says we rich people are crazy rich people crazy Robbie rich. I'm not rich I'm doing okay. I will continue to bang this drum if your money is locked on Celsius or Voyager You're not stupid do not be ashamed multi-billion dollar companies got tricked suicides never an option. It's very true my money's there too even Mark Cuban as smart as he is even his money's there. There was a pension fund in Canada. Guess what 150 million their money's there They and do you not think that they did their due diligence take a look at those at those companies a lot of people did we just got we got screwed by a company that Row checks the body couldn't cash. That's really what it comes down to. I'm sure it's all gonna come on chapter 11 But that's really what it comes down to I will not accept the fact that all it was just victim of circumstance You have to take responsibility. They have to take responsibility Gary Reid, it's okay for you to be biased with your coins, but not Rob. That's right. That's a good one Crypto is too early and future use cases haven't been dreamed of yet, which is always very right So it doesn't matter how far ahead of project is now especially most activities from NFTs and unintentional Ponzi's Think about this way If you're in 1980 and you're perusing the classified sections in a newspaper and you're looking for Advertisements for jobs and somebody says here. I need someone who can do SEO up optimization search engine optimization I need someone who can also do buying and selling of Facebook ads Oh and also I need someone who can do a vlog for me For my website you'd be like what the heck is this? This doesn't make any sense The things that are out there now hold on Sorry The the things that we think about of what we believe Crypto visual assets metaverse plays NFTs are gonna be it's gonna change radically It's the same thing when I went through for the internet We really did think that the government would never allow the internet because it was a free flow of information We had we just never thought it actually happened and it did happen and then we thought it was only gonna be Swear to God a lot of people thought this like one website and that would be everything You just go there's one website and then be there And we had no idea what it was and to think about a place where You could stream movies that'll never work heck I remember having a blockbuster Account and go in a blockbuster renting the VHS and then when I was older I get to rent DVDs and I was like who would try to stream a sir That's stupid and of course you look at the at the stream of the videos That's all chunky and and blocky like that's never gonna work. So again always right We will never gonna know what's gonna be until we get there Arthur says just here to like your video. Well, thank you. I appreciate Arthur Cornucopia is rockstar team. It looks good iguana Puerto Rico Cardano is the boomer coin. That could be true I'm not a boomer yet close to it, but I like it. I'm more bullish, but you have to understand also I own Cardano and Bitcoin and Ethereum and Solana and Avalanche and near protocol And a bunch of others because I don't know who's gonna make it I mean if you think you think just because someone's a first mover that means that they're gonna be the best thing of all time And it's gonna be last forever. Go ask the people who found in my space and let them tell you So we'll see Oops, sorry I'm our bull sheneda in the very long term since ETH is just 55% complete even with how far ahead it's on its activity Since there's too much risk with things going wrong between labor. See that's just I don't know. I don't know That's why I still own a theorem As much as I think iguana said a lot in this one and how great Ethereum is it is doing pretty good. It's got the lion's share. That's and as far as like For total value locked up in DeFi right now. It's hidden all cylinders. That's true But there's problems across there. You can't say it's the most awesome thing of all time We'll talk about fees and we'll talk about transaction speed and all that stuff It is what it is Nothing's nothing can really handle a lot of things on a global scale for billions of transactions or billions of people I don't think it's there yet That game looks sick. I got to agree I'm not an NFT guy says St. Jude needs us and it makes believe and and it makes believe that land is just not something I feel good investing in I don't blame you when I took a look at it I was like Like I invest in the land and properties and things like that. I might take a look at a virtual and like It's just hard to say because there's really not much scarcity, you know, you can just create more but I also remember this I also remember back in the day when People would say Why would I why would I invest in a company called Google when I can just make a Google swear to God We said that and we're like, what's the difference between Google and Yahoo and Lycos and ask G It's all the same stuff. Anyhow, right? You just make another one. Why would I invest that stupid? I wouldn't invest in Google Here we are Have you ever seen a big you think the system is and like no nothing to use well, you know again I mean just like I showed you with those other projects I'm not gonna say if you eat is crushing it They have they have the most but they've been around a little bit longer right 2015 or so. I think here's the ecosystem Nobody cares here's how much they have as far as staked Pretty good amount and one more thing when you two point out comes about I was under the impression you could unsteak, but you can't unsteak the heat that you put in there Until the Shanghai upgrade, which is gonna be in six or 12 months later so I'm just saying but on the flip side of that the theorem foundation did say that's The rewards could go up by 50 percent. That's pretty nice. Actually So Cardano staking ratio Here's the top 10 crypto assets by sticking market cap if there is number one true Slot is number two and crowns number three not bad company poke it out buy and chain Defi Lama, here's the total amount of total value locked up for as far as defi 72 billion dollars a theorem has a lion's share very true 45 billion Bitcoin got a whopping hundred eighteen point five five million and Cardano the only got hundred eighteen point five six million. So at least it beats Cardano And then we talk about transaction and fees Crypto fees for a theorem is huge like if you take a look there's a website Crypto fees or sorry crypto fees that info and one day fees for a theorem is a lot They have a lot of fees, which is good if you're a company, right? Because you can generate revenue And if you take a look at yes for for fees us the value average transaction fee was about four dollars This is back in July 28. I just the transaction is only like two bucks. I guess not too many people are using I think as much Cardano, this is a was this a one-day. Yeah, the one-day fees for crowns $13,000 It's laughable if they're in with three million six hundred fifty five thousand seven thirty one dollars That's triple you takes the cake though seven seven hundred fifty bucks. It's pretty good and again 19 cents was the average transaction and Was this one some cost of transactions? Oh, yeah This is the The amount of transactions or how many transactions Ethereum if you look at just the transactions in Masari Ethereum crushes Cardano the transaction count was 1,058,621 that was on July 31st and Cardano only had 91,000 Which you have to remember You can put multiple assets on each transaction and that's why you do what's called an entrusted adjusted transaction volume This is an estimated on trains transaction volume for the past 24 hours adjusted to try and remove some type of non Economic transactions, you know back and forth nonsense stuff like approving your entry into metamask or whatever else For the adjusted transaction volume In one day if they aimed at 1.52 billion it's a lot it's a lot that's a lot But Cardano did 7.82 billion for the adjusted transaction volume. That's just not me and you can verify all this stuff There's all the places. I found it on Masari on crypto fees and info defi llama whatever else and the link Is in the description it's what I put it It's called rip cardano ghost chain. There's a link you can check it out. So pros and cons my man pros and cons Brandon's got a good question And so I need to bring this up to Josh and Rob. How are you guys making the game? We're talking about cornucopia's Economics so that you avoid the problem that axi underwent and is actually currently undergoing With assets getting too valuable for new people to come in. I remember I think Josh has something about that He said we're going slow because we don't want to be drained as far as the economic factors And as far as like a plate-earned game, what if you just have a run on the game and people they earn too much Then just drains the entire game. I think that's what's one of the problems of axi I can't speak to it because I don't really follow axi Remember super bias in this channel. I don't talk about unless I own it. So I don't know an axi So I don't know much about it God love it Ckj's total disappointment is a 30-point on the still high fees. That's not a Look, everybody wants the fees to go down, but just not yet. Look the next one The merge is happening I want to say it's gonna happen relatively soon Correct me the comments, but I know it's What is it I forgot it's coming up. I think it's like a week week and a half or so somewhere on there And they talk about how fees are still high. That's still the truth But remember there's still one more level to go to get to the the e2.0 Wherever they want to call it now, which is sharding and once that happens then the fees do go lower over early So who knows I Did not know this Darth Mike says the usual develop cycle for a game is around four years That's a lot and I was surprised what Josh said about star atlas the game. I think it's built on slope the Solana platform eight years Is one they're projecting, you know mass The mass release that's a long time and that could be I don't know. That's just what Josh Now I mean, this is very great. Thank you When chatting about pros and cons of beta please hit the like button and then You're entitled to your opinion I think that if this space taught us something is to be humble and now and know that we don't know It's just like it's like Senate. It's in a car. Marcus. No, it wasn't Marcus release. I think it was Seneca I said I'm the smartest man in the world because I know that I know nothing By the dip when moon oh Says it's still technically all season even after the dump from the weekend per outside all season index Oh, where do you find that? I'm interested all season index. I'd be interesting Hit the likes Where can I check what percentage of nodes have upgraded at water? That's a great question. You're looking for This website right here It's pool tool that IO and I link that in the description so you can verify this stuff Which is right here pool tool go down to data pool tool that IO network health Should take you right here. Oh look even in this time that we've been talking it's gone from 51% to 52% So they're upgrading. Hey, look at that looking pretty good breaking news All that stuff That's funny. I'm staking Yeah, he's staking not my keys not my crypto. Thank you It's one of those things I don't That's why I do like Cardano knocked it out of the park For staking I Don't care if you love Ethereum or you love Salon or love whatever else they really did crush it You keep your keys your private keys you can stake your Cardano You don't have to lock it up, which I understand why people want them to lock it up because it Maintains the reliability of network and then it's it's a there's an economic incentive. I understand that but it's pretty interesting that Cardano holders can lock up or not lock up Let's take their Cardano and take it out at any time they want to but it's still over 71 percent of All the Cardano is being staked if you don't believe me just go to staking rewards calm You can see the data yourself So in that regard and it works flawlessly we ever say we have two stake pools works out great And that's it Kornico was a man Yeah, no lock up radar. Thanks Jeremy best friend town, but with your thumb and We're coming up on that time folks. I don't own her ago. Do you not owner ago? I remember seeing your liking tweets later ago. I never see Tom on it. Yeah, cuz There's a lot of product I should look into I just don't cuz there's other things going on cuz remember. It's not just this I have to do other stuff takes my time so I Haven't really gotten into it. I Think someone to like give me like the the cliff notes Hmm I got a call them saying deadlines tomorrow Ready says I trust staking staking fees or I I just take my polka dot. I Do have to do a video on that matter of fact because just know that With I trust Roth IRA all that stuff. It's the thing that's sitting above my head all the time on every video They late they rolled out their staking You can stake your your your your polka dot right now and it's supposed to be Attacks free but in their terms and conditions It does state that hey if you earn more than six hundred dollars worth of staking rewards We have to give you an N and I think it's MISC 99 or a tax document and it's up to you if you want to report it and the reason I think is because The laws are so vague with I mean, let's be honest Congress and the SEC and the CFTC can't tell us if crypto is a security if it's a currency or if it's a commodity They have no idea. I mean they have their ideas, but no one's really say this is what it is right now It's not a security who knows what it's gonna be and then as far as like staking rewards in a Roth IRA There's nothing concrete. So they're just saying hey talk with your CPA and go from there I'm just gonna tell you what I'm doing. I'm not saying what you should do. I'm not I'm not a financial advisor I can't tell you what to do. I'm not your dad So what I'm doing is I'm staking those those polka dot in my Roth IRA and I will not report The gains that I get from there. That is what I am doing. I've already talked to my CPA They're like this isn't I don't see why you would do that, but that's my CPA your CPA might be like you got it whatever, okay, but I'll figure that out ready. We'll go from there. I Don't know if you should do that. I can't tell you what to do again though I'm gonna take out a 10% loan to loan to buy low Okay, I can't tell you what to do Might be a genius move might be might lose 10% is 10. Here's the real question as far as like risk There's the three questions Who what and squeeze who's is gonna affect? What's the worst-case outcome and is a juice worth the squeeze so who's gonna affect probably you 10% obviously Is it gonna affect your family and your kids if it's a large percentage? I don't know What's the worst-case scenario worst-case scenario is everything crashes then you have margin calls Then you have to fill those margin calls if you don't fill the margin calls then guess what happens to get liquidated Oh and another thing once you get liquidated. That's a taxable event in America. I don't know where you're at So you have to think about those and then the last thing is is the juice worth the squeeze Is it is it worth it to go out there and do those things and take the risk? I can't answer that but that's for you I Used to like the show happy day with the bonds that I Want to succeed so do I that's why I invested into it Everything I invest into I want to succeed. Isn't that crazy? That's why I talk about all the time Yeah corner Kobe's equal second life second life was a good game, and I think that's it. I miss anybody Huh, David Allen's here just to hear me talk about sweat coin. Let's see. I need more dot Mom says you're bad on child support my kids are gone. I think Dot is a Proof of stake version of ETH eight has been proof of stake for two years of without one outage or hack Can't deny that and that's it All right, so guys that is it for today and gals So thanks for sticking with me for an hour. It's amazing. So you guys are here I appreciate it. I do like that if you would be so kind I hit the like button you can subscribe I don't know if YouTube's gonna notify you, but it always helps them with the metrics, which is great So give that a shot and that's it for today. So thanks so much for stopping by remember all the links in the description You can check out wherever you want to do your research all that stuff. That's it So thank you. I appreciate it and I'll see you on the next one. Adios