 Right welcome Israel asset news. They get top stories in crypto and break them down into bite-sized pieces So today just the thumbnail the title suggests the EU Parliament which is a legislative body of the European Union came this close to drawing up a proposal or actually To vote on banning proof of work, which would be bitcoins We're gonna take a look at what happened why it was stopped and what could potentially happen in the future We'll also take a look at ETH as it's been Continues on with its burning ways becomes actually deflationary and lastly just to kind of take a look in the future There is this product earn guild to simplify play to earn gaming So for me somebody that doesn't do a lot of gaming this might actually be something interesting And then of course after that we'll do a little Q&A at the end So hold on your questions till the end that would really help and just so you know if you're here for the live stream Welcome. Thanks for stopping by on a Saturday. I know we're doing this a little bit later But a lot of things are going on in the morning. So really couldn't do too much But just you know, we usually do with the news or so it takes about about 15 to 20 minutes You should take 10 to 15 but sometimes there's so much news going on about 15 to 20 And then after that is the Q&A which is five questions in five minutes Then we get the heck out of here. So let's just roll into it. First of all, what's going on the market? So the market today is what it is. It's nothing fantastic It's just there kind of going sideways except for some pretty I think some pretty good winners in the long run So we were market caps almost 1.9 trillion. Yeah, it's pretty good considering all the awful news that's out there I think we've all heard Russia invading Ukraine and the atrocities that are going on over there. I can't I'm actually quite shocked at how well things are doing as far as the market itself and And this isn't a political show, so I'm not gonna get into the sides of this or what's gonna go on I just it's just a war is awful. I think we can all agree that agree to that, right? So let's just let's just call it that Bitcoin almost 40,000 39 for if there is 2,800 tethers Tethers finance coin XRP and it looks like there's some some pretty good ups in the last 24 hours But none so much as Tara Tara Luna, they've been going on a spree as far as like raising money So congratulations all you Tara holders. I still hold Tara. I think that could be a pretty big play Avalanche also a polka dot finally geez polka dot wasn't doing anything for the longest time all of a sudden almost 12% So it looks like most of the things are up cosmos interoperability play. I think that could be very big I hold some of that Axi-infinity up 1% watch out 5% 10% Wow, you know tasos I still own tasos. I don't know why but From what people tell me there's a lot of things going on behind the scenes, but 9.4% that's pretty good and Another graph is down. Who cares? All right. So that is what is going on in our markets Again, I was shocked I mean if you take a look at the S&P 500 from yesterday because it is Saturday So mark is not open, but I mean it was looking pretty good over five Let me see what the five-day was look at that for the invasion man It dropped off and then I just kind of rallied and people were like yep So what and then we also had here five days Yeah, Nasdaq. I mean still the Nasdaq took another dive But then came roaring back and that's what it is and then what I thought was interesting was The gold price the gold actually the gold price actually increased as Things were going on because it's supposed to do that. It's a store of value, right? It's supposed to be there when the s hits the fan and we're going into these Enormous potential World War three situations and then it's kind of just Peter off. So I mean not like it went down a ton It's just what is this negative point six percent? but I mean you would think that gold would keep going up, but it didn't and Bitcoin went down for a little bit, but then it went up So that narrative as far as store of value and kind of there as a as a hedge for different things I think Bitcoin's actually doing a pretty good job with that I think the big thing though is can we beat out paper cash because everybody seems like to go there So that is what's going on there. Let's get into the big story, huh? The big story is This European Parliament like I said the legislative body of the European Union To cancel the vote on crypto assets framework. Why did they want to cancel the vote? Well, this is why European Parliament postpones crypto legislation to address concerns over possible proof-of-work bands you have to understand proof of work right now is Really what they're targeting is Bitcoin. I mean Ethereum is also proof of work so far until the next evolution of ETH Whatever they want to call it now. I don't know if they call it either 2.0 anymore. I don't think they do Whenever that comes out, that'll be proof of stake, but make no mistakes about it It's proof-of-work band. They're trying to ban Bitcoin. So what happened here? So the vote Was the markets in crypto assets. Remember this markets in crypto assets or mica for short I guess Proposal will not take place in the European Parliament as scheduled on February 28th This was brought to life by Stefan Berger the move comes after a draft Leap to the press was found to contain provisions prohibiting cryptocurrencies Relying on environmentally unsustainable consensus mechanisms What could that be? Well, that is all about proof-of-work mining like Bitcoin and would be banned From January 1st, 2025, which is kind of interesting. They have to go out that long but it doesn't it makes sense right now, doesn't it because if you look at if you look at the global part of it the global Economics of what's going on So Russia produces they're the second or the third largest producer of oil. Okay, so if you have that Country and they are so humongous globally to provide power essentially oil and you're like well We're gonna suffer if the if the US is gonna put sanctions on there And we're gonna be behind the United States and go okay the sanctions are we can't take your oil We're gonna go someplace else if that is what it is I believe that's what it is correct me in the comment section, but that would be the big play and if that's the case then Germany Spain Italy Bulgaria, I mean every place around there is gonna suffer massively because if they can't get the oil from Russia Where do they get it? Well, I mean you can get it from the United Arab Emirates. You can get it from the United States Because we are I think we are the first or second producers of oil I showed this yesterday So if there's a problem with electricity a problem with energy consumption We're gonna go after all the ESG problem, which is what mr. Wonderful has been Complaining about this whole time. There's an ESG problem ESG problem with Bitcoin even Tesla Elon Musk's brother came out and said hey, we didn't know This is what he said. We don't really know we didn't we we didn't do our due diligence and we for some reason didn't understand how mining Bitcoin worked and So this is the narrative and if they have to really pump forth and really like put out a ton of money for electricity To fuel their countries whoever they are Maybe they don't want a bunch of Bitcoin miners there I get it that makes a lot of sense actually so They said maybe we should just ban proof-of-work, but it doesn't go in 2025. So that's kind of odd, but that's where we're at. So ba ba ba the debate around The markets in crypto assets has indicated that certain texts in the draft can be misinterpreted and understood as a POW ban members of the European Parliament or MEPS and officials from several member states such as Germany and Sweden have called for imposing a union wide ban on proof-of-work mining Signing its increasing use of renewable energy at the expense of the transition toward climate neutrality of the sector So on this one, they're like well worried about the environment But I think really what it comes down to if you take a real look at what's going on globally They probably don't want to spend a bunch of electricity for Bitcoin mining. Okay, that's okay I mean if you can't do it in in Europe. It's okay. Come to America in Texas we have an abundance of Wind and solar and gas and we have a an enormous amount of Miners who stopped over from China when China dropped the ball. So we'll welcome you with with open arms. We had a lot of energy No problems Meanwhile president of the European Central Bank Christine Christine Lagarde I think I said that right now that has urged the EU to quickly approve the regulation that would prevent Russia from using Cryptocurrencies to evade sanctions and post following its military invasions of Ukraine and this is we've been talking about this before This is the narrative that's gonna come up. They're getting people are gonna say this time and time again But that's the reason why Russia was so fast to legalize crypto and the gel assets So they could evade These sanctions and they could just deal in crypto and gel assets The question you have to ask yourself is how much Bitcoin do they have? Because wallets are wallets. Maybe wall number three is Russia me and Ben and James are talking about this after the show Potentially because wall number three take a look at Bitcoin the largest wallets that are out there wall number three Stopped accumulating Bitcoin right before the invasion. Interesting Going off on a tangent. So she says this there are always criminal ways to try to circumvent a prohibition Which is why it's so critically important that Markets and crypto assets is pushed through as quickly as possible. So we have a regulatory framework because That would be awful if they're able to evade of course these sanctions And I want to just preface it with this for every story and Every negative there's a flip side of that same story and you have to take a look at the story behind the story So if we're talking about sanctions, sure You could definitely evade sanctions if you wanted to go like around the way with crypto assets. However There is another part to this This was a tweet from the official twitter account of ukraine and it states stand with the people of ukraine now accepting crypto donations bitcoin and theorem and usdt and Yes, this is the official one. It's got 1.1 million followers. This is uh, tomica tilman He is the u.s State department u.s senate's world bank blah blah blah He was actually followed by brian kim kim kim kim tens who was the x cftc commissioner Okay, he says yes, this is the official one. So if you want to donate, well, guess what? People have been donating bitcoin. I believe it almost. I want to say Was it four million? Yeah, roughly four or five million has already been donated so far And the cost has been pennies on the just like nothing to transfer over crypto or bitcoin in this in this specific case ethereum. Yeah, I don't know so Try to get millions of dollars into the hands of a country that isn't in war And see if they can do anything with it. And I will tell you this If you're looking to donate um Maybe this is the time maybe maybe later, but I will tell you that uh The problems that are going to happen right now are far and away the problems that are going to be bigger going down the line Which is you are going to have a ton of displaced people Who are transferring themselves to from ukraine to poland to bulgaria to all the different outside countries? And you're going to have a refugee crisis So what can happen there? Well, you're going to need a lot of manpower a lot of supplies And unfortunately it's going to take a lot of money to deal with that And that's why like when I said like when we were doing our dca show yesterday And people were harping like oh, you shouldn't you shouldn't take advantage of the of of the markets and and buy the dips Because that's disrespectful to ukraine This is what I think I think uh You can do whatever you want to do and in all honesty if that takes care of you and your family And then later because you've done well and you Donate some of those those funds to the people of ukraine to the refugee to help out that situation What's the problem? I could be wrong. Let me know what you think about that in the comment section But uh, that is what we have two sides the same story. Let me what you think. Let's move on to our next piece ethereum burning. This was this is pretty good Uh, I need your help with this one because I don't think this is totally true But I'll read I'll I'll go through anyhow So ethereum after 1559, uh network near two million eith burned worth over six point nine billion But that part is true and you can actually go to etherchain.org forward slash burn You can see in real time how much is being burned right now And it's a it is a boatload and uh, you can watch that great stuff link in the description have fun But this what's going on the ethereum network has burned approximately almost two million ethereum The eip 1559 improvement was added on august 5th Man, that's a bad time flies The community has been observing how much ether is being burned on a daily basis 24 hour burn rate is almost four ether per minute, which is almost 10 grand every minute 10 thousand dollars I think that's more than uh, jeff bezels makes or maybe I can't remember he makes a lot of money eip 1559 burns the base fee per gas makes ethereum deflationary over time and it's almost at that point so ethereum actually Will be deflationary because it's burning all the fees. Well the base fees not all the fees Weeks, but this was what the the thing was and this is why I need your help weeks after the london upgrade eip 1559 did not seem to affect the high gas fees In fact the very next month after the london upgrade eth's average gas fees skyrocketed at $59 per transaction I remember being much higher than that. I I mean 59 I had 59 like like last week So I'm not sure the average gas fee to pushing a theorem transaction today is much lower at 16 bucks per transaction I don't even think that's right. So like I just did a transaction like I said two days ago and it was 67 bucks So in the comments are right now and I'll go through this Later, but I don't think it is that low. It doesn't seem that's right, but I could be wrong. So I will see but um To finish this up ordinary theorem transactions make up the second large. Whoops. Sorry. Sorry. This is the one The biggest on-chain gas burner is non-fungible tokens marketplace at open sea They burn approximately 229,000 either worth or almost almost a billion across Almost 15 million eth transfers. So I was thinking about this. I'm like, you know, where would ethereum be if it wasn't for nfts I mean all honesty nfts is kind of like the big thing that people mint on ethereum I don't understand why they do it so much. It is so expensive And uh for people to get it, but I I understand I get it I mean if you think that uh board api club is going to be awesome, which it it became Then it's a great investment But there's so many duds out there and so much trash I just don't see like even even the the the generates that are out there I don't really get how you can get into that and just say this is gonna be the winner I just don't see it. But uh, it's expensive and uh, that is the number one So if it wasn't for that, what would be? I mean you can you can get nfts on cardano You can give them an avalanche. You can get them on solana. I don't see what the point of using ethereum so much is Even though first mover advantage So ordinary ethereum transactions make up the second largest gas burning Which is the most that I would use uniswap tethers uniswap version 3 and metamask So which makes a complete sense. So I mean it's good that this is happening um But if you take a look at the total value locked up For d5 projects and things like that the majority still is in ethereum. That's true But you can see it slipping to other layer one projects and that's What is concerning if you're heavy into ethereum? I personally trying to spread things out. I think ethereum solana cardano algorand Avalanche polka dot those types of things they can really They don't have to win, but they will eat away at that market share. So let me just think about that in the comment section Let's finish up with I looking forward as I call it. So this is There was a story This is from you today earned guild launches play to earn guild with fiat give a gateway and I was just kind of going through it. It was kind of interesting, but it just comes out of these Five bullets So out of the box everything that's required for profitable gaming in one dashboard great because things are confusing You had a native marketplace for in-game assets user friendly fiat gateway So you can use your master card and native earn card Coaching for newcomers that would be me And a credit scoring system for all active players And I think this is pretty cool because like so far we've only got axi infinity right for for those types of places Where you can like scholarship people and they can play for you But now you got this other one earn guild play to earn and what they're doing is Look at this 5,000 total scholars playing and training playing from around the world So like if you've got a ton of money and you want to say well, I'll buy this I don't really want to play too much Then you can go get the gamers which will all be here and say play for me, right? And then we'll do a profit split you do the you do the gaming because you couldn't pay up front I'll pay up front. You do your thing. Everybody's happy I think that's pretty that makes kind of that makes sense And here's all the games are kind of working into it's not just their games It's all these games the central and sandbox the things you've probably heard about Well, this up you have it. Well star atlas is supposed to be big Uh urban raster meta gear and I always tell you like this some of these games I don't get it But so like here's meta gear watch this. This is like 30 seconds. You don't have to hear it But just just watch this would you play this? Yeah, man, I don't get it. I mean that's That's like to me that kind of feels like just like just Push the buttons and get paid for it. It might be awesome. I don't know but I don't really get that one But this one looks cool. This is urban racer So like just a big racing game looks awesome. Now, this is just a rendering but uh, I mean People love racing games So I'm like, well if I can get into this if I have the money Put on there a scholarship somebody someone plays for me and go. Hey, man We uh, we won this or we didn't win this we get we get this great I could do that and you got something like that game and then this this is of course the big one star atlas It hasn't as I understand it hasn't been released yet But your everything is is selling all the nfts and actually get into there and your starships and blah blah blah Again things. I don't know it's not a a big gamer But it looks to be massive and there's another one called uh big time or something like that So there's this one and I think all these things could be big So take a look at urn. What is this urn gill.io? I linked in the description And uh, you can figure it out and see that's something for you. I just bring it to you But I'm just doing part of the research it's up to you to do your own research because this is Not financial advice Just financial opinion and that's it for today. How do we do? 20 minutes on the dot you gotta love that. So look that's it for the news. Um If you don't want to stick around we're gonna do the q&a. I will say sorry that this took so long for today I had an interesting conversation this morning um There was a there's a lady that works for And this was this was a private type of meeting Uh with some with some friends who knew some people here in porto rico And one of these one of these ladies she works for a company that Is that does the uh futures uh bitcoin etf. I can't tell you which one obviously But uh, we were talking about and she said she goes, you know rob she goes people don't understand how How it is to work with the sec because we call them every day and we're trying to get a spot etf right now I'm like really let me know and uh, she said, you know, she goes It's not like they're really hammering down. They have some legitimate concerns. I can understand where they're coming from She says if we can just Fix some things and educate them. I think we can go through and if some of these exchanges would work with them Uh, I think that happened. I'm like really because you know like with coinbase They want to try to work with them and they pretty much just about pseudom. He's like well She's like well, you can't just do that You know, you have to actually go in there and actually register with the sec and I'm like It just it was interesting to hear a different side of the story from somebody who deals with the sec every single day And that's part of the reason why I was late day was one of the things that were going on But uh, that's it for today. So I just thought it was an interesting story Um, give a thumbs up if you like it get a thumbs out if you don't but let me know why It it wasn't to your liking and maybe I can fix it next time, but that's it So, uh, I'll see you. Yeah, we'll do some quick q&a and get the heck out of here saturday beautiful day commentos uh Great question Diesel what a great name. That's your real name. What a great name diesel king so There's a couple of theories I mean that ben was talking about he thinks that uh, walton number three is actually russia And then we were talking about somebody some other Entity that could be russia that was buying a bitcoin like crazy. Another theory was You know, ukraine besides it being so heavy with minerals it You know also has heavy amounts of of bitcoin, but i'm like, I don't think the the country Or the city state the republic of ukraine owns it and the people in ukraine hold it but it doesn't matter So here's the thing If russia does buy it first of all they have to buy a massive amount To really get things done But they may already have but is that good enough to avoid all sanctions and things like that? No, I don't think so because if they understand. I mean the economy The whole entire market cap of crypto is 1.9 trillion dollars, right? It's a lot and then all of bitcoin is roughly 800 900 billion somewhere around there, right? So even if you own all the bitcoin in the entire world That still wouldn't do it for you for an entire countries To get around all these sanctions if that's what they're gonna do. So I I think if They can use it in some places, but they can't buy everything But hopefully you buy it and just hold on to it. But uh, I don't think that's how The game is played for them. Okay Great question. How's the fishing for it? I don't know. I seen some people fishing up the Mounds I think you say it's pretty great. I don't know The beaches are nice. Let's say that Yeah, I've been on dca. Sorry been from into the cryptiverse So I'm having trouble in my eyes today focusing Rather than you seeing traders reality on no, I haven't best best trading channel ever There's always a good trading channel If you're a trader that'll probably be some of the watch If you only had 200 bucks to invest every two weeks, how would you divide it? Well If it's there's a difference between if it's me or if it's somebody else you have to understand so The question is always loaded because you have to understand like Some people different goals, right? If you're like 19 years old, you know Like 200 bucks every two weeks what I would do honestly I'd put like Like 25 maybe 50 bucks in a bitcoin 25 50 bucks maybe into a theorem because that's like the safest way But the rest of it I would just degen just be like a degenerate and just be like, yeah I'm gonna get these metaverse plays and get these these these low-cap gems and see if I can write it all the way the top I would probably do half pretty safe And then half degenerate stuff for about a year or two because I mean young cares, right? But if you're if you get older, you're like, you know what? I want to just save and I'll be over the long haul I mean, that's when you want to get a little bit more safer stuff That's that's what makes sense to me. It could be wrong. But that's how I would do it and I would you know, tell my Family members do it. I can't tell you to do it. It's just uh, how I see it Ah, that's a great question. You own property in the metaverse, but don't play the games How do you gain value for not using them? It's a great question So right now, uh, I just sit on them do absolutely zip It's the same thing that I do with land or property that I own in Houston and in El Paso I just buy land. I mean, I buy land and we just don't do anything. It was let it appreciate and that's it So like in the sandbox like I bought two parcels and I did a video on it. It's in the my metaverse Playlist you can watch me go through it. I show you how to get two parcels together So they're worth more as time goes on and then you can sell them as a bundle and makes more money And how to do that by a filter and like I bought it for not that much I took a look yesterday Like I want to say like it was like one one. I can't remember one or two ethereum And I looked at different plots around there a couple of days ago yesterday a couple days ago and it was like 30 ethereum 40 ethereum around there and I'm like holy smokes my bad So that's how I make money now what I should do if I was smart Is I should get somebody to be a digital property manager and start building things out So when people start to you know come through there, I know they can teleport and all that stuff, right? But I might just get like a you know a little bit of fashion of people coming through Is to start selling like some type of like digital advertising there if I was smart That's what I would do But uh, I haven't done that yet. I would actually have a digital Property manager build up things make it look nice so people can come through just haven't done it. That's how you I I think you could do it No Moonbeam, I don't know um Question number three. I think rob tell me your top four coins I can tell you what I dollar cost average in every day And I've and I've actually added this as the market's been going down and then sideways So it's always the same thing and this is what's great about you know having things on voyager Or you can do it on gemini or coinbase, right? I think even binance It just you just set it up like every day I'm going to buy this or every couple days I'm going to buy this or every week every month What do you want to do? But for me, it's every day and I buy the same thing. It's uh, it's bitcoin. It's uh, ethereum It's uh, cardano It's algorand. I'm actually getting into gala games again because I want to be a note operator and then uh, I picked up Luna There's one more I forgot which one it is it comes but it's like seven different ones that I do every day So just take them take that for what it is. I think salana. I can't remember Are you salana or not? I I have salana. I have a lot of cryptos actually that I probably should have condensed that'd be great number three. All right No, you should hear him Uh question number four one's the next potorico meetup. That'll be in two weeks I don't know where but uh, we'll do another one that last one was fun times Good times Let's see. Let me go down here because I think I missed somebody uh question number four. What do you think about? Where'd it go? What do you think about everdome? So I did a deep dive in everdome I thought it was a pretty good game a metaverse play and I thought was good because it had all all the people from meta hero I haven't really checked on it Uh too far and I really shouldn't get into that but there's so many things going on I'm trying to put this really comprehensive video together about my updated potorico video Hope and have it out by tomorrow But I've I said that for a while and it hasn't happened But there's a lot of things that I screwed up on that. I'm going to tell everybody what I did and what you should not do To avoid the catastrophes that I went through What the heck? Novak my friend operates two gala nodes and makes 5100 bucks per month. That's why I want to be a node operator I love passive income Can people outside of the usa invest in the ira and panodax? No, they cannot that I know of there's You guys in like great britain. They have another type of form where you can put away and it's tax Tax deferred tax free. I forgot the name of it, but for the Roth IRA that's only for americans Now there's this thing underneath here That you see let me pull this away See where it says masterworks right there right there. There's a link in the description And you can invest in fractionalized shares of super expensive art So you can buy a bank see I have a bank see It's like eight million dollars or something like that But I bought in at a like thousands of of dollars and it's just fraction my shares. That's all it is and uh, they actually register it with the sec because it is a security and over time It actually beats the traditional s and p 500. So if you have cash just sitting around You don't want to have it just uh flitter away through Appreciate our for inflation then that's what I recommend because over time it hits and I am have invested into it. I can't tell you what to do, but I did a deep dive into it. You can take a look at it So that's what I would say And we need one more NATO is more corrupt than russia Everybody's corrupt All countries are corrupt. I think that's not a secret Yeah, try some digital detail. I did it today. I went to the beach and played played volleyball for the first time here Peter's got a good point. He says by the time they banned crypto in the u the rest of the world would have already banned it first I don't see it getting banned anytime soon what I see. This is how I see it I see different regions banning it Not because of the environmental impact, which is big I suppose It is big. It could be big, right? I'm not going to debate anybody. I don't really it's not a big thing what is big is Energy conservation and if again If you're a country and you're like I really depend on russia's oil and now I can't get it Where am I going to get this oil or what am I going to get this this this energy from? well If I can cut off some places that are Horting or using a lot of electricity and I know we're going to debate this one But rob there's not that much for big comments. They do take some so, you know, whatever uh, I think it could be They're just going to cut it off in certain places now the places that cut it off. What does that mean? Trying to cut it off. Does that mean that bitcoin goes away? No. Do you think it goes someplace else? And that's all it is All right, and there's my dog chewy in the background doing nothing What kind of dog is in the background that chewy is a mutt and he is German shepherd and That's it. All right. So everybody at 32 minutes. That's my cutoff point It's time to do a little bit of drinking And that's it. So look if you like today's video give a thumbs up if you don't give a thumbs down Just tell me why consider subscribing and we'll do this thing tomorrow and that's it. So thanks so much for stopping by I appreciate it. See you in the next one