 Welcome to Jalassette News, take a top story using crypt of currency and Jalassette's and break them down into bite-sized pieces today. That's pretty good stuff. First up, stealth phase over why Wall Street FOMO will make 20k Bitcoin look cheap. This is a fantastic article written by Alan Scott and it looks at what is going on behind the scenes as everything in the background is being accumulated secretly, but not so much anymore. Also, how about that election, huh? Well, blockchain voting is the alternative for trusted democratic elections. We're going to take a look at what are the options and what we can do hopefully next time. And we're going to do a cue of the day from Lucas and Lucas asked the question is, is everything outside of Bitcoin a scam? And I've got just the guy to answer that question. So we'll go over all that, but first take a look at what's going on in the market. So today is Saturday, the 14th of November, looks like it's 11am, Texas time. Everything's a little bit of a slide, but that is to be expected in the crypto asset game. We're not going to go up forever. There's going to be a little bit of peaks and valleys. And today is one of those days. So Bitcoin is down almost 2% and has slumped below the 16k mark. It looks like we're at 15.8. So not surprising. Actually would be surprised if it didn't fall down a little bit more. Ethereum is at 450, but hey, still sticking there. So I'm pretty happy about that. Down 2.5% and not too bad. Another, still around 17, 7 billion. So that's pretty great. XRP is still at 26 cents. And yesterday I said, hey, congratulations to all the XRP holders. And someone said, this is the first time I've heard you say anything positive about XRP. And if I've been very tough on XRP, it's because I'm one of those people who has bought it a long time ago. I think XRP could do something. I think it'd be great. I just, there has to be a lot of things to happen for that to happen to actually make it. And we'll see how it all works out. But it really is, to me, just disappointing right now. He's like that talented kid on your football team that could do so much. Just hasn't really done it. But we'll see what happens. Chain legs down 1.5%. Looks like it's around 12.50. Up 2.7 for the week. So that's not too bad. Hopefully I can hit a $13 mark and off we go. Bitcoin cash, nothing. Polkadot? Not too much. Ooh, light coins down 5%. 3.7 for Cardano, 2%. What is up? Let's just ask that question. What's up? Uniswap is up. Hey, it's almost at 4. I'll take it. 44% for the week. Fantastic. And of course, Celsius is almost going to hit $2. Actually, it's $1.90. So 3.7 for the day, 2.4. But remember, it did take a big hit, or a little bit of a hit from yesterday because there was some issues with the website and the app and DNS propagation and blah, blah, blah. I'm not going to go into it. Watch yesterday's video. I'll explain it all in detail. And that's what's going on. What else is there? Anything? Gee, synthetics down 7%. That's pretty bad. Compound up 8%. 21% for the week. So congratulations, all you compound holders. It looks like you're one of the few winners for today. All right, let's break in today's top story. So first up, stealth phase over. Is this what's going on as far as Wall Street FOMO? And this is the kind of impression I've gotten because in 2017, nobody in the institutions really talked about Bitcoin or cryptocurrency. It was just kind of like, that's dumb, that's stupid. And no one would ever do that. And even the banks were going to talk about firing their employees if they invested into it. But now it seems like Wall Street and big institutions and big legendary players are like, yeah, makes sense. So I think if they were accumulating secretly, PS, I think they were, the cat's out of the bag. And I think there's going to be some fireworks in 2021. It's what I've always said, but we will see. So this is a fantastic article by Alan Scott. So let's see what he's got to say. So price of Bitcoin is up 125% year to date, even though it's down today. Making it once again the best performing asset just that has been for the past decade. And if you don't know Bitcoin, to a lesser extent Ethereum is one of the top or if not the top assets for the last decade. And also if you can take a look at it of all time, it's beaten gold, it's beaten any stock, oil, anything like that. And it's why I'm heavily invested into it. But the question is, is Wall Street here? Well, they're saying that it's not here yet in droves. It is here, in my opinion, but just not to where it should be. And it's going to change. It's going to change. We're going to talk about it in a second. So it goes on to say, remember 2017? Well, it was fantastic, except for when the CME introduced their cash settled Bitcoin futures right at the peak in December, 2017. And then boom, everything crashed. And if you're, if you're into what you thought could have happened or why it crashed, this was one of the things that people point to CME introduced cash settled futures. But there was a lot of other factors in there. I think it was it was just too much too soon. It wasn't really built on, you know, anything concrete. It was on shaky ground. It was all white papers, vapor and hope. So I think these days we're in a little, a much better position, in my opinion. And they talk about Google searches for Bitcoin, pretty much tell the whole story. And interest over time, you can see from here, this is in 2017. Actually, I'm just going to show you. Here is, I pulled this up. This is the Google Trends. And Google Trends is not going to, it's not going to tell you the exact amount of searches right here. You can do that in AdWords if you do a bunch of ads and such. But for here, it's just going to tell you like over time. So if you're looking at the last 12 months on a scale of zero to 100 on May 10th to May 16th, that's when it was at the highest amount of searches. Now today, we're looking at 72. So, and you can see it's, you know, done pretty well over a little bit of time. But what I want you to take a look at is this. So, I mean, just think about this, first of all, right, before I show you. It's been on the minds of everybody. It's been on CNBC, it's been on the media, it's been on the hearts and minds of the big investors and legendary traders and all those things. So you think like, oh, this is a pretty big thing. Well, not so, because look at this trend from 2004 to today. Of course, it's flat, nothing really happened back then. This was the peak. The absolute peak was December 2017. And again, it wasn't built in anything, it was very shaky in my opinion. And then here's what we are right now. We're at a whopping 19. So out of zero to 100, we're at 19. What do you think's gonna happen in 2021? Now again, this is just Google searches, but it really does play a part and let you peer into the minds of what people are thinking and searching. And if this is any indicator, we got a long way to go. But while the public is largely unaware, several wealthy investors are heralding Bitcoin as a new asset class, like we're talking about PTA, Paul Tudor Jones, Michael Saylor from MicroStrategy, and Stanley Druck in Miller have made waves in 2020, revealing their positions. Jones and investing in Bitcoin is like investing in Apple early. Saylor from MicroStrategy, say that his company, MicroStrategy, would bought up 425 million and would hold it for 100 years, calling it the world's best collateral. Not only on top of that. Saylor also said that he feels no respect for any traders because he's like, what are you doing, you're stupid, just hold on to it, it'll be fine. That's his opinion, I think he's gonna trade, go right ahead. Also Druck in Miller, I say Druck in Miller like that because I always call him Drunken Miller and people are like, it's not Drunken Miller, it's drunk. So okay, I always slow down, Druck in Miller. The latest big name, Bitcoin Convert, now argues that if the gold bet works, that Bitcoin bet will probably work better. And as Tyler Winklevoss put it, Bitcoin is better at being gold than gold itself, and I couldn't agree more. Also, for all the gold bugs out there, just remember this, gold is pretty great. I mean, I own Gold, Silver, Bitcoin. I think everybody should own Gold, Silver, Bitcoin. But if you look at asymmetrical investments, gold is not where it's at. Gold is only up 23%, which is a monstrous year for precious metals. But in crypto, that's like a Tuesday. So it's not a big deal, but for gold bugs, it is. Gold is up 23% in 2020, during a year of global economic upheaval. And remember, it came down to massive money printing from the Fed. The stimulus package was in the trillions of dollars on top of a global pandemic, and gold went up 23%. Remember, gold is supposed to be a hedge for economic collapse, and it still only went up 23%. So I'm just saying, gold is great, but you should really look at Bitcoin if you're on the fence and you're here, welcome. Individuals who bought Bitcoin 10 or even five years ago would most likely agree. The end of Bitcoin's delt phase. This is where it gets interesting. Bitcoin is becoming particularly attractive as a hedge against inflation, which is all but guaranteed by the US, of course. Federal Reserve likes to print. And if you're any have been looking at the news, Jerome Powell, the head of the Federal Reserve, states that, hey, we're going to keep printing. He didn't say we're going to keep printing, but he's like, we're going to use all the tools at our disposal and more economic relief as on the horizon or something like that. I paraphrase a little bit, but you get the drift. There's going to be more printing and there's more printing. There's more that's quantitative easing. There's more for the dollar to recede as far as the value. And it's also going to cause a bit of turmoil. Great opportunity for gold, Bitcoin, cryptocurrency assets. But getting back to the story, unlike gold, Bitcoin is absolutely scarce. We keep finding more gold. That's just the truth. We will never find more Bitcoin. It's not like you're going to go out there and like, oh, where did I place that Bitcoin? Check out of the couch. Oh, there it is. No, it's only 21 million. That's it. It's all it ever will be. So this is a great little image of of valuation and stealth phase versus. I didn't see this. The blow up phase is pretty funny. So the stealth phase is when people are like just hoarding and kind of just slowly accumulating, which we all knew they were doing. We all knew JP Morgan was doing that. They know Diamond is such a liar. He's going to say out in the in the front, go, we're not doing anything. I'm going to fire everybody in the background is like, hey, Pete, you make sure you bought that Bitcoin? Yes, we did, sir. And then off we go. So like on the stealth phase, they don't want to tell you what they're doing. But at some point, the cat does get out of the bag and that's why you got the PTJs, the drunken millers, the micro strategies and all the big players and went, hey, we're buying right now, just let you know. And that's it. So we're at this. We're I think we're past that. That only makes sense. So now we're starting to see a little takeoff, which we saw. Right. I mean, Bitcoin is up on 25 percent for the year. That's only makes sense. Now we're going to start to see what it's going to be a little bit of a sell off. And then that's where people, the weekends, not me and you, weekends are going to start to sell and go, oh, it's it's it's dropping. I got to get out now because it's never going to. But those are the people that don't understand how valuable crypto and digital assets really are and how it's going to change everything. And it's going to be 10 X bigger, maybe 100 X bigger than the Internet Revolution in the late 90s. So they're going to sell off. And then people like me and you were going to buy up because we know what time it is. And then this is going to do this, this, this, this, this. The problem is this is the problem for me. I know it's a problem for you. But I made this mistake in 2017, which is when everything becomes overvalued and the RSI is like super, super overbought for days, weeks or however long it takes when to kind of time it. And the best thing I can tell you is watch my bull run strategy where I talk about, you know, the different price points I'm going to try to take profits. I will never sell all my cryptocurrency. But there's going to come a point where I need to because I don't want to do this bag holding nonsense like I did for like two or three years. It just only makes sense. So if this looks familiar to you, it's happened over and over and over again. It happened in 2017. I think it's going to happen again in 2021. Could be wrong. Let me just take the comments section. Moving on. We'll finish up. And this is the quote just echoes what I've been talking about with Druckenmiller, Michael Saylor and more or less the companies jumping into Bitcoin markets. It's quite clear that we're at the early stage of a new bull cycle. Well, sure. And this was a really great paragraph right here. It states in addition to having the aforementioned investors have also noticed that Bitcoin's fundamentals, network activity and on ramp infrastructure, e.g. the cash app and PayPal have all significantly improved since 2017. That's the truth. I remember in 2017, you can get it at Coinbase and Binance and some other places, but there were so many people that Coinbase shut down from taking new customers and Binance are the same thing. I remember people were selling their Binance accounts on like eBay or wherever they were selling them. I forgot what it was. And there was nothing in them. They just said, you want to count? We got to pay me X amount of dollars, hundreds, thousands of dollars. It was crazy. So that is not the case these days. Other investors will also eventually realize that a small allocation of capital and a Bitcoin significantly boosts portfolio returns. Last month, the co-founder of Ken P. Holdings, Dan Tapiero, noted this. And this is a smart phrase says only 3 percent Bitcoin positions in the past five years would have increased performance of a 60 40 portfolio from 6.8 to 10.2 percent. Imagine that. Imagine when all the advisors start to talk to their customers and like, look, Pete, here's what's going on with with your portfolio didn't do so hot this year. But there's a new asset that's really not new. It's like, you know, 12 years old now. And we can offset it a little bit risky, I suppose, but it is the best performing asset of all time. So maybe we could put a little bit in there, like, like I said, 2 to 3 percent and we can offset some of these losses that we're going to see, especially what's going to happen in the next year or two to come because the stock market is probably going to crash if they can do that. And they recommend that to all the people that they have. This could be a huge boom. And not only on top of that, the SEC has just given clearance for banks and different institutions to start to custody Bitcoin and cryptocurrency. We talked about this yesterday. So this could be a big boom. And I would think that if you're a adviser and investment advisor and you don't recommend this, I think you're doing your customers a disservice. I'm just saying because you could have been up mightily. I mean, you could have been in gold at 25 percent, but you couldn't be going to Bitcoin been up 125. I'm just saying I'm just saying at this rate, investment fund clients will begin asking the question such as this. Why is my nephew's Bitcoin stash outperforming my 401k, my thank stocks, my Microsoft, Apple, Google, Amazon and Facebook? Why is it outperforming gold and Warren Buffett put together? How do I gain exposure to Bitcoin? And this only makes sense, right? People are start to look at this and especially the older generation, which really has all the money. The big boomers have all the money and then the Gen X or the millennials, their second, third, fourth, fifth place, whatever you want to say. But now when you start to look at it and just kind of break it down, institutions are here. They're going to start to really gobble up a lot before the average investor can get into it. I mean, we've got phylogel assets, a trillion asset management, TD Ameritrade with one trillion. You've got the big goldbugs Van Eck who said, look, gold is better. Our Bitcoin is better than gold. And here's the proof and they put out a PDF not too long ago. You got Grayscale buying up everything out there. You got the PTJs out there, the legendary investments and traders and going, hey, I'm going to put my money into Bitcoin, Druckenmiller as well and on top of all the different public companies who are making money hand over fist, look at MicroStrategy. They just invested four or 25 million a couple of months ago. They're at 606 million. Do you not think that other companies are going to look at this, go, wow, what are we doing? Our money is on fire and everybody else is making a ton of money. We should probably get into this. It only makes sense. I'm just saying. Let me know what you think of the comment section. Let's move on. Next up, this is a passion project of mine. I know some people don't care, but I always cover it. So voting, if you see what if you're outside of the United States, we're going through a little bit of a turmoil right here. People are talking about election fraud and different problems with the election process, so I'm not going to get into it. This is not a political channel. I don't care. Let the courts settle that. OK, that's all I'm going to say. But I will say this, we could have avoided all this nonsense by just use a blockchain voting. I mean, come on. This is stupid. So this is a pretty good article by Tatiana Revaredo. I think I said that right due to social isolation. A lot of American voters opt to vote by mail. That's true, right? Hey, if you can't get out, you want to stand in line, you don't want to get the coronavirus. I don't care if you think it's real or not. Maybe you just don't want to go out. So you voted by mail. Great, which increased voting counting time. I think Georgia is still voting by hand, which is crazy. Led candidate and acting president Donald Trump to judicialize the electoral process with actions in several states and triggered intense debates about the veracity and legitimacy of the current American electoral system. Currently, many have proposed mobile voting as an alternative, more compatible with current times, allowing people to vote without leaving their homes. I think this is awesome. I do everything online, right? I order my groceries. I pay my bills. I pay my vendors. I can open up my bank accounts. I've got friends who are in the Sergeant Major Academy. They can open up legitimate government classified documents via the internet. I mean, pretty much everything you think of, we do the internet. I just don't understand what we can't do voting. I mean, come on. So how does one make mobile or remote voting possible without compromising the security of electoral participation? Blockchain, I'm not going to read the rest because it really just comes down to blockchain. Well, actually, now I'm going to read this last part. It's pretty good. The combination of sequential hashing and crypto and distributed structure allows for the protection of voter identity and the verification of absolutely all votes entered in the blockchain platform, which can enable secure and transparent voting mechanisms without electoral vote monitoring. So this is a great article, but I know people don't like to get bogged down with the minutiae. So I will just say this. I interviewed the CEO of votes, Nimit, really nice guy, soft spoken, pretty smart gentleman. And we went over the whole things about, well, you know, how can we protect the identity? How can we make sure that it's not hacked? How can we make sure that it's successful to everybody? And how do we make this all work? And how do we get it out to the masses? And it was, I mean, all the questions were answered right in this one. Now, it's very long. It is 50 minutes. Hopefully you can get to the meat and potatoes of it, but it's fascinating and it makes total sense. He's not talking about online voting. He's talking about using an app and keeping everything super secure. And then on top of that, you can also check your vote going as soon as you do it and then afterwards and then after the election is even over, you can go back and look on the blockchain to make sure that it was counted that way. And as far as the security and the anonymity, it really is contained with it. And what was interesting to me was that this isn't like pie in the sky like something that could happen. They've already done this in several U.S. states, West Virginia, enable mobile voting via blockchain for federal state and federal elections in 2018, Denver, Colorado, Utah, County, Utah and two counties in the state of Oregon. They also did the whole process. And most of it, I think most, if not all, was all through votes. So they've already done there and done that. The question is, why can't we move this along? Because we should anyhow, I'm going to link this video at the very end of today's video. So you can check it out if you want to. But to me, it was fascinating because I love this stuff. All right, so that's it for that piece. Let's move on. Next up, Q of the Day. This is a pretty good one. That's about Lucas because he was talking about Max Kaiser. Max Kaiser thinks everything is a scam outside of Bitcoin. Sure. So I had to answer the question and I didn't answer the question. Actually, it was Richard Hart. So let's go. Welcome back to Q of the Day. So the Q of the Day is a pretty good one. And actually, it was a Q that came to me in October. And there's a reason why I'm getting to this right now. I'll give that a second. So this is from Lucas. He is from Switzerland. Oh, Lucas. And he says, hey, Rob, first, I want to say thank you for your work. We'll enjoy watching your videos and getting your insights. Thanks for watching. Thank you all for recommending Celsius. Both received $20 bonus, which is great, right? If you're looking to sign up for Celsius, check out the link in the description. $20 to be signed up. $20 for me and you. When when? Great. He said, I stumbled across a video from Stansbury Research. Link below. I'd really like to get your opinion on Max Kaiser's statement that all altcoins, including ETH, are exit scams. Sure. I know you're invested in altcoins. It's like I am. I think it's always a good idea to get a contrarian opinion from somebody who does not see the world like we do. How would you have reacted to this statement? And Daniela's shoes might be am I right? So this is a good question because it's a question that this gentleman, Lucas, is going to come across. And a lot of people are, especially with what's going to happen in 2021 and PayPal getting in the fray and allowing everybody to buy cryptocurrency assets. So this was answered pretty astutely by Richard Hart. And somebody had reached out to me on Twitter and said, hey, Richard would be able to answer any questions. You should have one of your show. Sure. You know, so I reached out to Richard. He said, yeah, come on on. He's going to come on. And I think this was perfect because Richard is a programmer. He's done different things. Now, look, Richard is a controversial figure in the cryptocurrency digital asset space. There's no denying that. He has a product called Hex, which some people have said it's awesome. And some people say it's a scam. So it's like everything else out there. And remember, Ethereum was also called a scam at one point. So just take it with a grain of salt. And before I even start, I would just say this. I will not be investing into Hex, not because I think it's a scam or it's a bad project or whatever else. I just don't understand it. And on my show, on my channel, I tell you about the things I invest into and why I invest into them. And there's a lot of there's a lot of different things that I've passed on that went on to make a ton of money. There's a lot of things I've passed on that went to absolute zero. So I can't tell you what to do. I'm going to tell you what I'm going to do. But Richard does answer these questions fantastically. And we'll just get into it right now, Richard. So tell us all about how Bitcoin isn't the end of the deal. How all coins can make it and tell us about Hex because guess what? I don't know too much about it. Easy. All right. So then just yeah, I'm recording. We should get ready now. Yeah. All right. Hi, my name is Richard Hart. I've got the sixty five K followers on Twitter, Twitter.com, four slash Richard Hart, when 45 K on YouTube, YouTube.com, four slash Richard Hart. I founded the world's first blockchain time deposit. It's pretty amazing if you want to make the world a better place and replace the banks and the banksters and their high fees and bad hours and shady things that they do with a peer to peer replacement. Someone has to build it. So I built it. Bitcoin was invented to attack currency in the United States and China. There's about seven rather five trillion dollars of printed money, but there's seven trillion dollars in time deposits. So it's actually a larger market. So the thing that I invented Hex as a side effect of doing time deposits very well, it also does currency better. So it's not designed to do currency, but it does it better than Bitcoin does with higher throughput, lower fees, better price performance, more features. It's like it's really Bitcoin hasn't been approved in 10 years. In 10 years, you've got you could only do one thing with it. You can press send and it makes your number go down and it makes somebody else's number go up. And that's it. That's all you can do. So if you want more than that, if you want to be able to lock up your funds and get paid interest and get paid a reward for locking them, Bitcoin will never, ever, ever do that because it only mints new coins to incentivize miners to pollute the environment and give that money to hardware, manufacturers and electric companies. And that's all it will ever do. It's OK. It's it's the security model as it is. But it's been 10 years and improvements can be made and they're being made all the time. So if, you know, Bitcoin doesn't do the most fine in crypto, Tether does Bitcoin. If you want to get out of it and protect your fiat value and get into a stable coin, there's no stable coins at Bitcoin. There's tons of stable coins in Ethereum. Seven of the top 11 cryptocurrencies by market cap were started on or primarily use Ethereum. TRX, BNB, EOS, USDT, Ethereum itself. I think there's one or two I'm forgetting, but sure. Hacks, Hacks is up there. Top 20. It's a proven system that has more features, higher throughput, lower latency, more security. Bitcoin's had two inflation bugs. One, they rolled back the chain. Somebody minted $6 billion free extra Bitcoin in 2010. They rolled back the chain. And then another one was just recently found about a year ago by a Bitcoin Cash developer. And this is the result of having spaghetti code with no spec that you can write to, no useful alternative implementations, no bug bounty programs and no security audits. So why wouldn't you have problems with that? Whereas Ethereum has a bug bounty program. Hacks has three audits, two security audits and one economics audit. So we put more money and time into security. And lo and behold, we're more secure. So other cryptocurrencies have had inflation bugs, which is a fancy word for anyone could mint as many free coins as they want. And Hacks won't, because our consensus code is isolated and locked in a place where you can't accidentally screw it up trying to improve something else. Which is how the last Bitcoin inflation bug happened. But people don't know about security and they don't know how bugs and software really happened. So they think that having a higher hash rate protects you. Doesn't do anything at all to protect you. As a matter of fact, higher hash rate is a protection racket. Who are you paying to not attack you? The only people that could attack you. You're not protecting yourself from some other party. It's just like when the mafia comes into your store and says, I'd be ashamed if there was a fire here, huh? Maybe you should pay us to protect you from that. That's what mining is. And guess what those miners do with that money? They pollute the environment and sell the price down. So Bitcoin miners get paid to sell the price. They don't buy Bitcoin. They sell it. They buy electricity and mining hardware. And hacks, stakers are paid to hold the price up. It's just wildly better. And which is the reason why if you bought hacks on January 5th and held it till now, you'd have 50 times more Bitcoin. Do you want 50 times more Bitcoin? You love Bitcoin so much. Bitcoin's the best thing in the world. You're buying my bags that I bought for 30. You're buying them at 11,500. Go ahead. You can buy 50 times more had you gotten to hacks earlier. So anybody that says, you know, I love Bitcoin more than anything. Well, if you really loved it, you would have 50 times more of it, 50, five, zero times more by having gotten involved with hacks. And by the way, it's free. It's free for Bitcoin holders. If you had Bitcoin before, I believe December 1st, you get free hacks, literally free. And over $3 billion of Bitcoin holders have minted their free hacks with absolutely a wonderful experience. So, Richard, it sounds to me, correct me if I'm wrong, but you are in direct opposition to Max Kaiser by saying, yes, I believe that Bitcoin's not the end, I'll be all, it won't be the only thing we can ever use and all the other altcoins are not the S coins. Well, it's really this simple. If you're coward and you want very little from the world and you don't have high expectations, maybe Bitcoin's enough for you. You don't want anonymity. Bitcoin doesn't have anonymity. Well, lots of other coins do, including Hex. Hex has T.ME forward slash Hex NATO, ZK Snarks is your knowledge proofs on chain. Trustless, right? Bitcoin doesn't have stablecoin. There's got tons of stablecoins. Bitcoin just recently, there's more wrapped Bitcoin on Ethereum. Ethereum is acting as Bitcoin's layer two for scalability than there is in the Lightning Network, which just had a critical vulnerability which required people to upgrade or lose money a couple of days ago. It has had many. So Ethereum is doing better than Bitcoin was ever designed to do or hoped to do. You can do on chain, the largest liquid market for a dollar to Ethereum pair in the entire world is on chain, trustless, no AML, no KYC, no sign up. You wanna get out of Bitcoin? You gotta beg someone. Hey, I sent you my coins. Can you please send me something else back, please? Oh, you need selfies now? Oh, you're gonna shut my account down because you don't like what I did with my money after I got it from you? That's the Bitcoin life. You want a 13-second transaction of Bitcoin? It's not available. You wait six confirmations an hour, but let's say you just do it in one confirmation, it's 10 minutes. What do you think's faster? 13 seconds or 10 minutes? The mining hardware, like Ethereum murders Bitcoin and price-wise and feature-wise, Hex murders Ethereum, even though Hex runs on Ethereum. It's an interesting thing. It's like Ethereum is basically like a typewriter and then you can write a very nice novel, but if you don't write the novel, it's not there. So it's just like a, it's a substrate that you're executing your economic game theory on. So Hex's economic game theory rewards the only thing in crypto that actually matters and the only thing in crypto that actually has adoption, which is buying and holding and holding for a long time. If you bought Bitcoin in 2017 at the end, you're still down 50%. Boy, that sucks, doesn't it? Maybe you're down 40% now or not at 12K. So you're down more than 40% cause it was 20K then. And that's three years ago. Is that, does that sound like a good store of value to you? It dropped 65% in a week or maybe two weeks a few months ago for COVID. Does that sound like a good store of value for you? And by the way, everything does that drop. Every altcoin, Bitcoin and every altcoin is going to continue to be volatile and that's fine. Because if you want upside volatility, you've got to be able to withstand the downside volatility. You can't just have one. So if you've held cryptocurrency for a long period of time, it's the highest appreciating asset class that's ever existed in the history of man. Right now Bitcoin is up 1.1 million X from when it was a penny 10 years ago. 1.1 million times increase in value. Hex is up 116X, it did it in four months. Now we got a dip, it's down to 70X. Oh my God, I only made 70 times my money in 10 months. Oh God, you got to be kidding me. What other place in the world can you get returns like this? With no counterparty risk. There's no signup, there's no ML, there's no KYC, there's no exit scan, there's no hope. Oh, I hope some guy builds something, I hope some guy does something. It's finished, it's complete. It's faster, more secure, more price performant, more features, better everything, better domain name, better logo, better, like, you can't misspell it. Go ahead and misspell Hex. Can't. So yeah, so Richard, good explanation there for everything, right? About why Bitcoin's at the end of the year. So thank you. Before we get into Hex, let me ask you. Is it, what is, let me ask you this. What is it going to take to overthrow Bitcoin to get out of the public consciousness besides the time hand? So it depends on where, so this, it's a suitcase question. I gotta break it apart. Right now, if you're a hedge fund and you want to buy $400 million or something as some people have done, some guy named MicroStrategy brought about like $450 million of Bitcoin. If he wants to be able to get into that position without too much slippage, he needs a lot of liquidity, billions of dollars of liquidity. And if he wants to get out of that position, he needs billions of dollars of liquidity so he doesn't move the market against himself too hard getting in and getting out. So for a guy operating at that scale in cryptocurrency, really his only option is Bitcoin because the slippage is far too hard in other coins. Whereas if you're a normal human being and you're only doing 100,000, 200,000, a million, you don't need a billion of liquidity. You can get into an out of Hex or Ethereum or 100 other coins just fine with those numbers. It really does matter the scale that you're trying to operate at. So if you look at replacing finance, what percentage of finance is currency? 5% maybe, what's everything else? Options, derivatives, loans, time deposits. Time deposits, which Hex addresses is the second most popular product of the bank. So look, that's it for the interview. And as you can tell, Rich has got a lot to say. He has no shortage of opinion that is for sure. So that interview without me interrupting him went 40 minutes, 44 minutes or something like that. So for me to put that on visual asset news, the YouTube channel would just take too long. So I'm gonna chop it up. He answered the question, which I appreciate. He's gonna go more into detail about Hex and I'm gonna put that over on Dan clips so I can separate and segment these types of things. So if you're looking for that, there's a link, it'll be in the description. It looks just like this. And you can click on that and go over to Dan clips and watch the rest of the interview if you're interested. So that is it for Q of the day. Thank you, Richard for coming on the show and answering the questions. And that is it, let's jump. All right, so that's it for today. So thanks for sticking with me till the very end. Interesting stuff, I'm sure. Just as a reminder, danteachescrypto.com it is up and live and free. And you can find link in the description of every one of my videos. It's at the very top, right underneath the timestamps. And you can go and check it out. We try to simplify everything, try to make things fast, very accessible and easy to find your answers right here. So go ahead and check that out when you have time and that'll do it for today. So if you like these types of videos it'll be two months gonna pop up on your left and right. I'll pick one of them and then YouTube will do its magic for the other one. And that is it. So thanks for watching the whole thing. Appreciate it and I'll see you on.