 Now let's get into the Q&A. I know there's a lot of questions about masterworks and of course about electricity usage. So let's just jump right in, huh? All right. Q and A. Let me get out of there with the banner. Bop, bop, bop, bop, bop, bop, bop, bop, bop, bop, bop. Crypto golfer. Riot, of course, Bitcoin mining operation here in Texas, made more money turning off their machines and selling the power back at the grid than from mining actually Bitcoin. That's actually true. I tried to find that article, I couldn't find it. So again, when they talk about this report, which says they're gonna ban Bitcoin and mining operations, I don't think that's true. I think it's just a push for this sector to move into renewables, just how it is. So that's what it's gonna take, it's what it's gonna take. Not meme, tons of energy used in mine gold, very true. Good rob, hopefully we'll see the moonshots. I gotta tell you guys, I mean, that report I felt was good. A lot of people felt it was not good, but the market rallied when that report was put out. That was yesterday, somewhere around the last 48 hours. And Bitcoin went up 10%. I think we're still up pretty well, matter of fact, unless something, who knows? In crypto, who knows? Maybe trying to ban Bitcoin mining again or something. Yeah, we're still good. Let's see, let's see, let's see. Yeah, 0.2%, we haven't plummeted. The theorem is doing well. Dang, let's look at those prices, pretty good. But the question then is what happens in the short term? I gotta tell you, I don't, but the things that are going on, I don't see the market hitting all time highs this year, let's just say that. And go from there. And there's a lot of different macro events that could change the outcome. But for me, I still think we got a long way to go before we hit another bull run. So that's all I will say. And I'm still dollar cost averaging, just not as much as they used to, because I think there's a leg down, that's just me. I could be wrong, but wrong many times, that's my wife. All right, crypto keeper. The key is to take energy off the grid by replacing with simple energy solutions so we burn less energy for no reason, true. Geothermal overtime drives cost down. Yes, it's like adding a heat pump makes it. Again, exactly what we're saying. If the report wants us to generate energy and put it back at the grid, sure. And then we add to the grid, and then the demand from the regular use of electricity isn't so much, so sure. Michael, ESG is the biggest scam on earth, probably so, let's be honest. And of course, there was a report, I wanna say Swiss bank, Deutsche Bank, one of those two, where they were fudging the numbers for their ESG compliance, so. I never believe it either, let's see. John, the solar power can be used to provide electricity to power the pumps to circulate the water, and then you go through a bit too many to keep the water. Yeah, exactly. Amy Softball's here, hello family. Dig Swimming Dave, I'm now into art, thanks Rob. That's good. There's some people who have questions about it, and rightfully so. And I think this is a good one for Masterworks, hopefully they're listening. And Lady Millicentra says, I was about to invest in Masterworks with a tone of voice, and attitude of, and she even gives the name, of Matt Mason, or whatever his name was, was kind of arrogant and rude, so I left it at that. Look, I'm not here to tell anybody their job, but try to be a little bit nicer to my subscribers, please. Adam Lewis says there will be a correction, and take care of cell, potentially. Who knows? Dez, hello Dez. Sean, what's crazy is there are a thousand, there's a thousand like cannabis, grows a dime a dozen in this country. Every one of those suck up one gigawatt per month, they're all, that's a good thing, we're legalizing marijuana, huh? Brandon had the most comments, I think. Show me something that has these guys existing before we all just start hearing about them on YouTube, Sigma Smudged, that's a good question. So the thing I would recommend, go to the website, take a look at all the SEC filings, and you can see which ones are, which ones they were initially put out, which ones were sold, at what date and what time, and that's where it comes to transparency, which is why, I mean, when they approached me, I was like, I don't know, I don't know anything about art. Like, you don't need to, because we do a lot of stuff. I'm like, oh, I don't really trust you guys. Like, well, register with the SEC, and you can register with all the filings. I'm like, I like that, so that's what I recommend. Lady, or is that something where you are stuck if Masterwork never sells the painting? It's a good question. So the question then, I think Brandon had the same question, like, what if the painting never sells? So there's a link in the description, Masterworks, we did a deep dive. They have a secondary market where if you wanna sell your shares, I think it's after 12 months, then you can sell your shares on their open market to somebody else who wants it. So again, remember, these are investments. And even though that Alan talked about the sharp ratio, nothing's risk-free. Let's, I mean, I think we know that. So don't ever say to yourself, well, this is a guarantee. I will never say that because it's not the case. It's never just a guarantee. So for that one to say it as we all will, I might be stuck with the painting. Well, you can always share your secondary sales. Could you lose money? Yes. So, you know, take a real deep look into this and if this is what you wanna do or not. Now that guy says, who's the salesman? Oh, Masterworks. I thought Alan did a good job. Brandon says, sort of tropical fish business. Red flags, perhaps. Crypto-Golfer had a diverse, it's hard to diversify when you're all in and underwater. It's true. It's hard to actually buy crypto these days after the things that we went through, right? We all went through. If you're here, you're not a tourist like I always talk about. If you went through 2021, a lot of you just guessing. Maybe you thought yourself, man, maybe I should have sold a little more crypto. Maybe I shouldn't have left it all on some exchanges. Maybe I should have ticked those off. Maybe I should have, maybe, maybe, maybe this, right? So when we get to this point, we've gone through, I mean, the market has decreased by over 80% in some cryptos. Bitcoin's down 70%, 71% from the all-time highs. We've taken a look at rug pulls. We've taken a look at hacks. We've taken a look at insolvency issues with Celsius and Voyager, and the list just goes on and on. So if you're here right now, it is hard. I get it. That is life, unfortunately. That is just the truth, not just how it is. So the question you have to ask yourself is what am I gonna do with this? Am I gonna sit back and cry about it and say, you know what? I'm never gonna get farther or am I gonna do something about it? Here's the thing. I was the same position in 2017 when I saw my portfolio. Not the exact same, I must admit. I just held on to my portfolio. Said, well, I'm down 90%. Is it gonna get worse than this? Probably. I'm just gonna keep dollar cost averaging and go to the next one. Then I swore to myself I would actually sell and stop listening to all the people that kept saying diamond hands, which is the stupidest thing I ever heard. And at that point in 2021, I did sell. Did I sell as much as I should have? No, because I got greedy. And those are the things I will work on for the next bull market. So just hang around. If you don't like the price, it'll change. Good question, Gullfer. What happened to plan B? That's a good question. What happened to plan B? Lady Melisandre says I would have invested but I do not like getting talked down to. I haven't talked about that. Dez, nothing's 100% safe and secure. Do you run research? Jeff says, how do you get a wrench? Let's start handing out wrenches. Let's see. Up, up, up, up, up, up, up. Let me, hold on, pause this. Okay. Let me share my screen. That's the wrong screen. That's also the wrong screen. Oh, this is why. Bah, here it goes. Sorry about that. Let me do this again. All right, so here we are. How do you get a wrench? Where is the, where's my live chat? Come on, let me take a second. Well, I'll come up in a second. Once it does, I'll let everybody know and I'll start handing out some wrenches. Always fun times. Brandon says, so by your fractional shares of art, we'll never see and hold them with you as long as possible, as long as possible. And you accumulate shareholders and this is in a Ponzi house. So you have to understand. So what is a Ponzi scheme, right? Ponzi scheme is the funds that you have. You're only paying back people from the new people, right? That would be a Ponzi scheme. But if you, let's just say for example, well, let's see, actually, let me show you something. Ah, here we go. So, so here's the last four pieces of art that they sold. I don't know exactly how much they sold for, but the annualized return was 32% on a Banksy, 31% on Kondo, 33% on Olin, or these people are, and another one on Brown. Obviously you can tell I'm not versed in art. So if you bought into this, let's say you put in $1,000, right? And then you waited for the year, two years, or how long it takes, and year over year, so let's see 1,000, so 30% year over year, so there. So let's say, then of course they sell at 32% higher, year over year, 66%, 64%, whatever it is. So now you're up $1,600 something, right? Now there's gonna be fees along with that, I understand. But that's not a Ponzi. A Ponzi is we just take the money in, we do absolutely nothing and just roll, roll it into the next person that comes in. So they buy art and they wait, like Alan talked about, three to seven years. It's a long time, but. And then you don't do anything and you just hold on to it. It's registered with the SEC and they sell it at some point. And of course, could you, again, could you lose everything? Sure, you could lose everything. The painting could not sell for some reason or they could sell it a loss. That is true, it's very true. So again, it's all what you wanna do. However, I've been doing pretty good so far. Not financial advice, but I've done it myself. It's okay for now, but could I lose it? Sure. And let's see, ran it again. What happens if the amount of users acquired the money, put in outstrips the value of the art you have in hand? Well, then you lose money. What happens if there's a sudden crash in the art market? Well, there's a sudden crash in the art market. It's the same thing with our market, right? If there's a sudden crash in our market, are we gonna sell immediately? Some will. Only that's not it. Depends on your time horizon, right? If the market crashes and for some reason, you're like, I need a kidney transplant. Well, I need money, I need money. And then off you go. But usually, like if I see, like me personally, when I see dips, I'm like, it's a good opportunity to buy a little bit more. Or maybe I just sit on the sidelines and don't do anything and just wait for it to come back up. It's a great thing when you have time. And that's what it comes down to. So I hope that answered most of the questions. Roodle. But you got to answer the tough questions, if not, you know? Okay, did this come back yet finally? Ah, great. Let's get some wrenches, huh? There we go, finally. Tesla's got a wrench. CryptoCube has been here for a long time. Congratulations. Let's add as a moderator. Amy Benhamer, brah-brah-brah. Dave Jensen, Darth Mike. Brandon's been here for a long time. You only had some tough questions. He is now a moderator. Look at that. Oh, Amy's not a moderator yet. Look at that. Well, everybody's having a great day today. And then who was this? Amy Benhamaterjager. Bit Moon, next time. I'll answer the thoughts on Charles Hoskinson a bit. Why don't know where she went? Am I missing it? Ah, Corey, good question. You're a moderator. I'll get to the Benhamaterjager when I find it. The question is, how long have you been working with Masterworks? Well, I bought it in October, then the affiliate links. I bought it in October. We had a couple of months. Then I added the affiliate links in the description. So, seven months, eight months, somewhere around there, working together. And remember, everything in the description are all affiliate links. I think I hope everybody knows that. Actually, I labeled them now all affiliate links. So, just so you know, you don't have to use those affiliate links. Okay? I won't be hurt. If you want to just go right to Masterworks, go right to Masterworks. But if you use the affiliate link, you get to skip the wait list. Same thing with iTrust. I'm gonna give you like $100 when you open up a Roth IRA. Same thing with like the exchanges. Like if you're looking to open up like with Coinbase. Actually, no Coinbase doesn't give me anything. Forget that. FTX, huh? I don't know. There's something else I have in there. Oh yeah, the tax software. So, you can just go to the website. Doesn't matter. Whatever you want to do. Now let's see. Art of our time has proven a viable investment. I never really trusted it. Cause I'm like, I don't understand why anybody would get into it. But then I saw the numbers. I'm like, oh, I get it now because rich people are crazy. There was a, there was a Banksy that, remember that Banksy that got shredded? I always talk about this. That was like 1.4 million. Then after it got shredded, it was like 23.8 million that it sold for. Why? Cause it is. I don't know, guys. I don't know. Might, that's not my job. Not me. Not maybe you're already won. Ben and Mortasia. Okay, there you are. You got a wrench. And that will conclude it for today. There's a lot of, this whole, I gotta tell you, with great power comes great responsibility. Don't, here's what I just say. If like somebody's got a bunch of questions, don't stop them from asking questions. If somebody's being, you know, like super disrespectful and cussing, then yeah, you can put them in time out. I don't like to ban anybody. I don't like to ban anybody at all unless they're obvious bots, what they're talking about. Invest into blah, blah, blah. And make no of these the best, whatever. But besides that, just let things go in the chats. And that's it. Cool, thanks, guys. So this one is a good question. How do you choose to invest in it for Masterworks? I signed up, but don't know how to tell what big it was. So what I did was I sat down with the guys for like 30 minutes and I said, this is my goal, this is what I wanna do. And then they just kind of did the same thing with you, if you wanna walk through it. The first time I was like, the offerings were like, I don't really know. And it doesn't make sense to me. So I just didn't do it. And then like two or three weeks later, I came back and I'm like, you know what, I'll do it. And what do you guys have to offer? There was like four or five different offerings. And I just took a look at, well, you know, they didn't have the sharp ratio back then. So if I would have known about the, if they would have the sharp ratio like we talked about, as far as that risk versus reward, I would have definitely just taken a look at that and go, give me the one with the highest sharp ratio because I want the biggest, like Alan said, the biggest bang for my buck and just go down that route, but they didn't have it. So I just looked at the potential APY and just went with that. Cause I'm greedy. Not right. Corey, I don't know what, it's definitely something I'm looking into, something an awesome opportunity, a little skeptical, but hey, it's healthy. I don't know what that is. I only banned Beardy for pumping EOS. I'm telling you guys in 2017, EOS was everything. It was the next ETH killer. That was it. Yeah. And thanks to Travis Menzel, just shows you how it doesn't make sense and the less sense, the more of a statement and the less more worthy, oddly, sure. It's a good question. Jose says, please check the XMR, the Manero Bitcoin Graph for last 12 months, very atypical for any other crypto I could find. What do you think? I'll take a look at it, go from there. If they shut down mining operations, does it mean that Bitcoin supply will decrease and the price should go up with the same, no, that's not what it does. So remember, and I'm not a miner, but correct me in the comments for the people that do mine, but the supply is set. I think we're at 6.25, somewhere around there, 50, 25, 12, 6. Somewhere around there. So every 10 minutes, miners get their 6.25 of Bitcoin. That's what it is. The next one will be 3.17 or something like that. So anyhow, it doesn't matter. So if you have, let's say to keep it simple, you have a thousand Bitcoin miners and they're all just chugging along, taking electricity, trying to find the hash rate or giving the hash rate up and high, the difficulty level adjusts. And of course then they have to put in more computational power, that's a lot more electricity. That's why they need these big enormous rigs and they have to be faster than anything else. But then if the electricity starts to be too expensive, out of those 1,000 Bitcoin miners, and they say, let's say half of them say, well, I'm in Ireland or I'm in the UK or whatever else and it's 10x more expensive to run this Bitcoin miner, it's not profitable, I'm gonna shut down. So they shut down. Now you have 500 Bitcoin miners. They still secure the network. They still do the mining. And of course the difficulty drops way off. So they don't have to use near as much electricity as the others would have had to as you had 1,000 or 10,000 or 100,000 Bitcoin miners in operation. So that's really what it comes down to. And as far as like the price decrease in the same demand, it should be the same everything around as far as electricity. What does affect the price is when there's a massive sell-off. And that's, we can take a look at the crypto quant charts for the Bitcoin miners as far as they, as much as they sell off. And you can take a, I'll show it to you right now because it makes no sense when talking about it. I don't show you dashboard. I'll show it to you in a second. Let me just log in inside of the interesting. Oh yeah, here it is. So we take a look at on-chain analysis, the Bitcoin miner outflow, let's blow this up. User everything is, because remember, miners have to keep the lights on. So that means that they have to sell Bitcoin. That's pretty much their whole thing, right? And the last, oh, what, eight months or so, six, seven months, we've seen big outflows around here. Gosh, 8,000, almost 9,000 Bitcoin in total. And then in June, another one in June, and then we've been pretty stable for quite some time. So it's okay. And some people tell me that in different reports, they say that as far as like a mass sell-off, it's still profitable to mine Bitcoin even at, if you know Bitcoin is $3,800 or higher, I've heard different reports. Sometimes some say it's around 8,000, some say it's 3,000, I really can't get a straight answer, but really it comes down to is how much electricity do you have to use? Because if you have to use 8,000, like let's just say $8,000 worth of electricity to mine one Bitcoin, what's the point of keeping the rigs on? So hope that makes sense. And of course, correct me in the comments section. Comments, yeah, yeah, it's just easier to mine Bitcoin less competition, that's true. Hmm, didn't know this. Santino Ramos says the Antelope upgrade for EOS is days away. Block one will no longer be in control, the community and the EOS foundation, upgraded tech, crushing FTs between EOS chains plus EVM. A theorem virtual machine operability, okay. Maybe that could be the big thing. Rob, your thumbnail has your hand and wrist the same size as your head. That'd be pretty tough because I got a big head. Let's see, Bitcoin prices per manipulation could be. Yes, do you ever forget yourself on a hot day and dive right into your green screen? I turn around and run right into that green screen. It's very refreshing. And guys, that's it. It's over an hour now. So go enjoy the Saturday. First of all, thanks for hanging around with me. I appreciate it. Like this video, give it a thumbs up, subscribe. Maybe YouTube will actually notify you, who knows? But that's it. So thanks so much for stopping by. I do appreciate it. And I'll see you on the next one. Adios.