 Clown fove of people are now hiding on tables shaking with Rob surprised it Now I can do this. I mean whatever Bah, all right Comments VGX Rob. He was a founder and suddenly he's gone when bankruptcy hits. Yeah, it's pretty amazing. Isn't that how it works out? I don't know Didn't avoid you come back from a similar loss hack and now it went around. I mean you I mean the document save was put out in 2018 Thoughts on Cody the currency of the internet built on Cordano like Cardano don't only know much about Cody. Sorry That's pretty That's pretty good. Why not clown the CEO put clown music when CEO saying take risk management I will do that next time Jion Chao very nice Are you cash gonna ask that story in your ledger? I already took my profits. I'm just just now accumulating if There's some huge. Hey, there we go If there's some huge Big huge bump, I'll probably take some profits on the way, but I have to take a look at my spreadsheet and see which ones I had Question let's see stop it stop it There there you go. All right, so How do you think the Voyager case will linger I think it'll linger for quite some time and Hmm there was there there was two stories that we went over About these two different financial institutions that went through bankruptcy One it took three years and then one took three months and people were saying well, no company has ever come back That was in use financial instruments. That's not true. I mean we see Apple went through it that worked out. Okay, of course because they had hard assets GMC and Ford maybe GMC on about for GMC definitely did and they came back because they had hard assets But the other ones that we talked about in the video. They were just financial instruments and they came back So let's see No, this is real Rob Rob never looked at good. Let's see Do you have a spreadsheet example? I can borrow I should put one out actually I should I should So do I keep the do I get to keep the crypto that I bought a Voyager or no really comes down to how they restructure again There was two different ways There was them for the for the restructuring and they do everything in-house and they get lenders and and of course You'll probably have to take a haircut. I'll just be honest with you I don't think you're gonna get a hundred percent of your crypto back There's that option or someone else buys them out and says, okay in this If someone buys them out, here's the thing if some place buys them out and says you're not getting anything What's the point of that? What would be the point of doing that because you can't really acquire the customers because the customers like f you I'm out of here. You're not gonna give me anything back after you acquired them What's the point even being here and then of course if some people say well, it's to eliminate competition Who cares just let them die anyhow so I would think that if a third party comes around and they buy them up they would have to give some Equity back to the people that are lost and then the but the question that would be well How much I don't think it's a complete loss unless they go to chapter 7 Which is straight-up liquidations, but again, we took a look at the finances. There is still some there Just depends Okay, so this is a good question Rob with ledger is a safe to stake assets or will they go the other hand so look There was a story we talked about with ledger and them partnering up with some group Where you're able to I'm sorry to stake your assets. Yeah, you can There is a way to stake your assets through ledger and they but the thing is they have to you have to understand that every single Project every single blockchain is different like there may be some lock-up here. It's like for a theorem I don't think you can just put it in and take it out on your ledger I know for a fact if you're doing outside of ledger and you are staking your theorem That's locked up until the merge happens and who knows when that's gonna happen now with Cardano. It's different Cardano is you can just put it in and put it out anytime you want to essentially. I think it was like a like a couple of minutes weights or something like that's about it Through avalanche, I want to say it's 24 hours 40 hours something like that and then Other ones have different different time frame lock-up. So for that situation As far as staking assets, I don't stake my assets via ledger. I just put them into a wallet like dead list and go that way Researcher saying My question is if the apps on active, why is the value going up? So Lucy is it the Voyager token are you talking about Voyager? I'm guessing you are are you talking about the Public stock. I don't know Thanks, man. Use Chrono for a to staking. You can do that You know man, we both live in Puerto Rico at some point we should do a show We're not too busy Doing all the other things that you're doing Apple Good guy. I know if you guys don't know crypto crow you should watch this show He's the og One of the og's that I used to watch all the time And I still I still do it from time to time. I just like it's a damn busy with stuff Justin that's his name. I've got your name crow Justin Voyager I just had tokens so I'll get stuck to Depending on the plan that that goes through it could be so if they go in that Situation where they say we we're gonna do it ourselves. Yes for the third party Probably not but it's all up in the air Welcome people losing their life savings is nothing. Yeah, you know what? This is probably the worst bear market I've ever gone through and this is my second one the first one was bad enough I mean drawdowns of 85 95% is pretty crappy. I must admit but what's crappier even more so is just losing everything because Even if even when Bitcoin went 85% down didn't really matter You're just like well, I'll just stick it there and just wait. It'll go back up And it did and that was good But now with sales use and Voyager and some other ones Shutting off with draws you're like well, that's a hundred percent. Am I ever gonna see that again? That's what makes this probably the worst one. So if you can get through this if you can get through this bear market crypto winner where exchanges are shutting down without being hacked on my dad and The upcoming recession which I believe we're in right now With a war in Ukraine and different problems with supply chain issues, especially in China as they do also lockdowns And of course some new random various virus that will come about tomorrow. Who knows Then you get all the rewards you deserve and then also. Yeah defy rug pulls good one. All right, soft Yes, exactly Andrew you don't your keys don't any crypto. Yeah, so Jackie thoughts on Simon James interview I thought it was it was like a novella, I mean it was Like when me and Simon were talking behind the scenes He's like I just can't say much of stuff NDA's and such like that. He goes, but I'm gonna tell you right now He goes I just do not trust And I'm like I get it and then when I when I heard him on James James's channel And he's talking about the things behind the scenes and the things that Celsius did and how they kind of threw him under the bus and Pretty much just lied about their organization. I was like God. I was like damn and that's a If they did that to accompany that invested heavily into and what do they do to just to retail people, you know like us Shoot oh When I checked the app, I see the value going up for all coins. I don't know how that's possible I mean, maybe it is let's see This is the value that I have in coin get go unless The market is somehow I can refresh this just to make sure Don't know man on how that is Yeah, it was painful to watch that's for sure BR McKay the FDIC rejected my voyage reclaim FDIC insurances only applies in the like of it. I'm an insurance Metro Bank did not fail interesting Which Let's take a peek here real quick. Shall we? Bob's Twitter account You look at and now I'm looking for July 6th No, this it in July 5th my first season, right? This is it the two things Two things customers with a crypto on their accounts will receive an exchange a combination of the crypto Proceeds from 3ac recovery common shares in the newly come new company and void your tokens just like we talked about With the reorganization that will the documentation that was worth in the chapter of bankruptcy And this one right here. It's important to note that as part of this announcement We are confirming that customers with USD deposits in their accounts will receive access to those funds after reconciliation and fraud prevention process is completed with Metro commercial Bank and remember and I'm not You know saying like this is gospel and it's definitely gonna happen. I'm just saying this is what was said I Can only report the news. I can't make the news Remember ready to go the amount now. It's December 31st active users Ah, here we go 350 million of cash is held at Metro commercial Bank. So 350 million dollars It's quite a bit of change. That's quite a chunk of change. So I would have hoped that they can say well, okay Hopefully they don't use that too move it and Pay for their debts All right, so long as a scam There is a word we we don't hear too often in crypto. Let's see Thank so long is not a word those projects Fraud is part of Russians everyday life. Let's see Good question. Why is Voyager still minting VGX and dumping huge amounts on buy-outs? I'd take a look at the on-chain analysis of that that would be interesting if someone could send that to me Rob if you've got that tag me in Twitter. We'll talk about that later Yeah, so crypto starter says is I trust capital safe. This is a big question One's going along a lot and I've been in talks with those guys to come on the show It looks like the next two weeks or so. Hopefully they said that look You have to understand I trust is a very again. Don't trust anybody verify even even right now Even me I could be lying straight to your face just like people have been lying to my face So what I trust It's a Roth IRA they can't in their terms of service and Eula didn't say anything about rehypothecation or Loaning thing out or doing anything like that, which is what Celsius and Voyager was their downfall I trust the the credit that you put in there is for your retirement account And there are certain laws and regulations that have to go along with that for them even be called a Roth IRA So they say like look, we don't we're doing they said we're doing just fine because people are still gonna trade within their account because it's It's a it's a tax It's a tax savings when you trade within your Roth IRA account You can like when Bitcoin went to 60,000 you could have sold Bitcoin in your Roth IRA account stuck it in cash Waited to drop down to 20,000 then bought three more Bitcoin You could have done that and there would have been no tax implications because it's a retirement account So they said we make 1% for all transactions and we've done so well, we don't even charge a monthly fee and You know when people get that magical age of the nine and a half. Hopefully I make it who knows Then they take it out tax-free this is the exact same thing that Was it kind of confused with you're like Peter Teal the PayPal founder This is exactly he did he put his PayPal shares into his Roth IRA when they weren't weren't they were pennies and pennies and pennies And now it's worth five billion dollars. Guess how much he's paying in taxes 0.0% when he turns 59 and a half years old The only a of x I don't a little it's not that much of the of course also we have The avalanche stake pool so got on some but that that doesn't really move around With a name like I trust exactly you can't trust nobody man I don't care if your mom text you for your coinbase password. It's probably a scan Steve Austin. That's the bottom line Is Ada good DCA by? No, tell you this You know that company that's being sued Solana It went down a couple of times. I don't think it has ever been down and With all these D5 products getting rug pulled. I don't think anything's been rug pulling on Ada and Cardano Goes a little bit slower, but seems to work out. Okay And the ecosystem, you know what that's a great segue. Why don't I go to this? So There's a link in the description And it looks something I can't show you the link, but it just says Cardano's a ghost chain And there's a ghost emoji And it'll take you to here to google docs and you can share it with anybody you want to Here's the car ecosystem the Cardano ecosystem in 2020 here it is in 2021 in august here It is in november 2021 and here it is on april 2022. I couldn't fit it in there So yeah, and then of course here's the projects being built on Cardano over a thousand. This was on 6th of june 2022 Here's the amount that's actually being staked. Here's the value of that staked value Here it is as far as a reference and just staking ratio still around 71 Percent it may have gone down a little bit or up, but I think it's pretty amazing that with Cardano You can stake and unsteak anytime you want to slide There's a waiting period in ethereum is god knows how long that is With that merge and it's still up there 71 percent Of course, this is all based on not ratio percentage because there's by and saying 81 percent But it's based on the actual market cap. So third highest not too bad and of course with defi Yeah, not doing so on defi or the whole value locked in defi, which is 72 billion 45 is on the theorem chain, which makes sense if they're in everything ever built on that Everybody built a lot of stuff in ethereum, but things are changing now They're building an avalanche on the building on salon and are building on cardano and just remember Bitcoin for its defi only has 118.55 and of course cardano is 118.56 So it barely beats bitcoin in that yay cardano So if you want to take a look at that link in the description and that's called cardano is a ghost chain Yeah Vicki says get your funds off itress. Please look You can do that. You can take your iphone. You know what if you guys have any questions about itrust This is what I do and did You know, you can contact a real person over at itrust. Let me show you something I trust Name like I trust that was funny. Let's see Yeah So Wish I would have showed it to you probably would have helped So Here's itrust capital if you go to it's this itrust capital dot com that thing that's above my head all the time that thing right there That's itrust Anyhow, there's a link in the description like everything else and when you go there if you click on support You can just call them And just say hey man, what's up? I don't want to get rug pulled. What's happening? How can you alleviate my fears and go from there if at some point again? I can't tell you what to do. I'm not your dad But do you feel like these sons of they're lying to me take all take all it off But I will say this Ask them the tax implications if you start to withdraw funds out of your Roth IRA There's tax implications, especially when you withdraw early just saying And don't come back to me and be like rob told me to take it all off and now I got a big tax bill Rob look at coinbase combining usd with usd on july 14th. I think it will look at the usdc and we'll see Another good reason who knows what could happen take it all out of usdc put it in cash that's Not investment advice just what I will probably do because I don't want to deal with it anymore Ah, good question Can you do a cannonball in the pool when you sign off today would be sweet? Sure would be sweet, but I can't do that until bitcoin hits 100,000 be right there with you Rob, do you think in voyaging? I don't have that much in there. I think like 128 bucks or something like that So Will I get that back? Yeah, probably. I mean from what I just read out to you pretty sure The crypto though, which I left vgx tokens on there Should have sold it That was me Look at this one Wargasm. Hoskinson and his cult of crypto cryptards. I've never heard that. It's pretty good. It's pretty funny Look, everybody's gotta I will say this though You know, I like people say that's a cult. That's a cult. This is a cult. Bitcoin's a cult This is a cult Cults do well I didn't that didn't come out right. Let me say that again Cults around businesses do well. So take a look at apple I kind of consider that a cult people wait like all the time for these stupid phones And they wait around the block for no good reason yet one of the biggest companies in the entire world also crossfit Uh, that's a cult man. I mean I don't have nothing against Crossfit I just know a lot of injuries and getting great shape and all that stuff But it's crazy. That's a cult and uh, those people are diehards on there Some people call it a cult and it's called, you know diehards and whatever else, right? But then in crypto and digital assets, there's a lot of cults out there. Let's be honest And uh, that unfortunately or fortunately if you want to look at it Is what drives a lot of this of the progress because the people like are not going to give up That's just how it is So when I look at like projects, I'm just looking like what kind of community do they have here? How strong are they and how much how long are they willing to go? XRP had a pretty huge cult still do. Cardano is pretty pretty massive Voyager had voyager heroes and there's still people who you know are into that that thing It's just to me. I look at those types of passionate communities to say Might be something to look into Yeah vgx rob I was never going to give up on voyager, but they gave it on us. It's a good quote Hello val Oh, yeah, man investor brand invest herbal life for sure What you think of nexo? a lobo Seems to be sticking around seems to be one of those people who wants to uh, who wants to buy up these distressed assets Distressed companies. So I'll do that Jack's I'm on the aida and xrp cult stick around. You probably do pretty well Oh ETA and cannot deep dive give me some more time. My grandson's here. So I got really that that's most of my time right there Proof of work or proof of stake. I gotta tell you If it wasn't for aetherium and cardano honestly I'd just be like proof of work. Let's just do that just go from there, you know because It's amazing me and ben from in the cryptiverse. We're talking before the dca show on friday And I was like, you know ben the longer I've been here the more I just become a big bitcoin maximalist He's like any he chuckles and he looks away. He's like, no Bear markets do do that. There's a more bitcoin maximalist born every day. I was like, that's probably true Uh, so yeah, if it wasn't for those two probably that but Nah, you know what I can't say like that because I always for There are and this is the big question about utility that we talk about what Just think to yourself and I had a another whole series lined up, which I was going to go over um, Sri Lanka And how the canadian banks just not collapsed But they just shut down this weekend because of uh, rogers telecommunications broke and then we're going to talk about texas The bills are electricity costs going up super high and of course why You know, that's actually good for bitcoin miners because they can just shut off and they get paid to shut off Which is crazy. I was going to go over all this stuff and because When I was thinking about this, I'm like, well, where's the real like like utility and things like that And and we could see because of like Sri Lanka and because of the canadian effects and because of the different countries Like I see this real utility for bitcoin if you want to use that as like to get out of the system I'm pretty sure people in Sri Lanka everything is collapsing. They can't even afford electricity and food They're bankrupt the whole country's bankrupt So if you hold on to that fiat now they're in negotiations with the imf that never goes good um So I think a lot of them would like to be out of the system and before bitcoin there was no options for that I mean you could you could buy gold But you better hope that your Broke poor neighbor doesn't find out that you have bitcoin so he can sorry from gold and silver so he can steal it right from your face At least the bitcoins is a little bit of an anonymity and you actually pay for things So I just see stuff like that and then there's other projects that I think are going to be good like this play to earn That is an actual real world utility and I'm not talking about axi infinity that that game's dumb It just is I don't understand that game. I know people will say well, I play it But is it fun? I don't think it really has in a lot of replayability Other than the fact that people just pay it play it to actually get paid. There's good games coming out people will want to actually play them gamers worldwide and Enter into the billions of people So I think that's going to do it and then move to earn like I'm always talking about sweat coin I think that could be a great thing and I talked about why Did a deep dive on my second channel van de gen you can check it out why I think it's gonna be good, but The proof of work in bitcoin is probably is obviously my number one hole these days But uh bitcoin ethereum cardano do just fine Learned self-defense from a wrench attack jerky. Thanks my man for putting that out again When you have millions of worthless dollars you should send on gold and silver and probably bitcoin I gotta tell you I don't understand why why the gold and silver and bitcoin crypto people clash. We should really be in the same camp You know I I own a little gold a little silver I hope my brother's own a lot And they rub it in my face all the time. So it's fun Yes, exactly imagine playing action-filled games like horizon elden ring and god of war exist And if you've seen like big time that game coming out, that's gonna be an awesome game I've already seen the the actual play through That was brought in and got to see it like who's cool. Do you want to talk about it? I'm like, yeah, I'll talk about it at some point. That's it I was Show us your hot tub. It's right there There it is All right Thanks The old medic you do a whole little medic sold some so I thought I was gonna go So it's like Probably probably all these all coins are gonna be great next bull run. Just not this bull run What are these mythical things called profits? Yeah, I know trust me give it two years or so and Everything will be a little bit different and then lastly we gotta get out of here Do you think the CEO of Celsius will ever show up and explain to everybody what he did and all the s that happened with this company? I think there's better chance that steve or lick will come out before alex machinsky at least steven voyager there at least in the lead Making all these documents public because of the chapter 11 bankruptcy Celsius still has to get there and I don't know so That's it That's all we got so look. Thanks for everybody for showing up. I appreciate it If you like today's video thumbs up subscribe all that great stuff down there and that's all we got for today I'll see you guys tomorrow. I appreciate you guys showing up on a sunday. That's amazing and uh That's all for today anyhow I will see you guys mañana adios