 Let's chat a little bit and I'll answer all your questions and that's all before you leave that Hit that like button apparently that's that's big Apparently that's big for from YouTube or something All right Jonathan Livingston says hacking tracer servers until she laps and tracer takes security very seriously So this option is actually a problem. Does that mean tracer is hackable tracer is hackable? But there's a difference Tracer has already been hacked The difference was who hacked somebody's tracer in Canada. That was the exact example. It was an industry or a company that took a tracer had a physical possession of it and cracked open the case and Did a lot of hardware modeling and whatever else magic they did and they were able to hack it So if you lose your physical tracer There is a chance that somebody knows what the heck they're doing and they could hack it now I don't know how likely that is the people that break into homes or you know If they're that tech savvy maybe in the future, but I don't know But yes, that has happened in the past. So if you you know happen to lose your tracer Hopefully you have your mnemonic phrase and you can reset it and move it someplace else So yes all right The shallon says you're right maybe one hit 69 K because USD won't be worth anything I don't all fiat money goes to zero, but I don't see in the next two years the US dollar going Collapsing I just don't see that and the reason is is Because our fiat our currency is the best of the worst That's that's the best way I can say it it all comes about with trust right if fiat is all about trust I'm pretty sure a lot of the countries do not trust The Chinese Yuan or the renminbi I'm pretty sure they look at that and go I'm not using that stuff So then you have to say well, what else is out there that could actually do it Chinese Yuan could do it I don't know the other ones because you have to have a massive amount For the velocity of money to actually get through the economic system Also on top of that you have massive debt that people have bought up those dollars So for them to collapse it in two years money is gonna happen in ten years. Hey, why not? Who knows? But I just don't see it happening anytime soon And if if anything, I think the money printers will be turned back on before 2025 and it'll be worth more and Dollar terms, but the purchasing power of the dollar will actually go down because that's what happens when we print money. So Here's the here's the secret They print money Not financial advice. That's what I do. You buy a bunch of assets Because those assets are pretty important. They usually will help you especially Money returning assets such as like real estate put into your business or put into crypto or even put into gold and silver Those are assets So when you do those things then when the money starts to collapse or goes all the place Well, it's okay because you have the the interest bearing or the ability to use those assets to generate income Later on down the road That's just what I like to do All right bird flu Is Ben still waiting for 10k Bitcoin? Ah? maybe I think Ben is mostly concerned with his chess ranking opposed to Bitcoin and the and the and the amount I think he's sitting pretty right now on that Mountain of cash like Scrooge McDuck Ah Rob stop negative Nancy is taking over. I know Look, I gotta I gotta call like I see it I mean, I think we're way ahead of the schedule as far as like in June compared 2019 into right now Things are going pretty good Do I say 210,000 for Bitcoin? Sure. Why not? I don't know when I Think a more Reasonable Responsibly around 100,000 because remember we hit three trillion dollars for our market cap 3.1 3.2 That's 69,000. Why couldn't we get a five five and a half trillion? And be well over a hundred thousand. I don't see why not. I mean if gold is 12 trillion Right real estate globally is 283 trillion derivatives is roughly See why we why we can't hit that. Oh, man. Gary Gensler is Shutting me down Sorry about that a little bit problems with the Wi-Fi Have you looked into render it all kind of worried that Apple Connection will be a nothing burger in a crash this week? Good question. I'm actually buying render. We'll see what happens But here's the thing though. I Talked about before I like I'm not a programmer. I'm not a developer. I'm not into graphic studios but apparently rendering of of 3d frames and things for games and things for all the Different process that goes into rendering is pretty graphic intensive So what render does it's kind of like theta how theta uses your unused storage space to store for video files The same thing with render it uses the the processing power that is being unused in your computer And it pays you in render to use those things instead of having an essentialized location Same thing with theta is essentialized location for YouTube, right? They use they use all these different servers and they store all this data and all this These megabytes of or terabytes of video files so that you can watch these videos and Store it over there like it's super expensive, right? Because you have to build the infrastructure you have to build a physical location and it has to be in one centralized place What if you just use everybody's computers on the eight billion or so people in the world? Roughly six billion people have computers or so and you could use That storage space for theta same thing with render and running technology I can see how it could work. Just don't know if it's gonna be that one or somebody else Let's see So Lord siren says wrong Even if you lose your tracer and they can hack it if you have a passphrase put in place on the vice They can't do anything report that I read was different when they're able to get into the physical actual Trasor from a tracer that they were actually able to hack it and put it into their other funds But you're right if you know somebody is physically stole your your tracer Or hopefully it doesn't take them less than five minutes to do all these things if you have your mnemonic phrase You can just reset it move all your funds someplace else and you're good And Matt says I don't like Ledger's new service, but you trust them when they say it's often only again, if you want that service, it's $10 and I know somebody will freak out about that but You have to opt in for them to take your seed phrase and split it up or your private keys and split it up into those three different companies And if you don't pay the ten bucks, they won't that's what they say then people say but you don't understand wrong It's because they can do it now. They can do it. I'm like You know, there was a deleted tweet where they said we could have always done that just didn't happen The thing is and this is this is just the truth a lot of people don't want to touch this one because it scares the hell out of Because here's I'm gonna here's I'm gonna tell you which is the truth If Ledger goes down How many times have you heard not your keys not your crypto? And this is just the truth If Ledger goes down and it gets hacked. What happens the entire crypto Eco-sphere it collapses. I think it would collapse and nobody really wants to talk about that because that would make I said this before that would make our entire industry a Raging joke some people would say oh bro. You should have done a paper wall. Who the hell does a paper wall anymore? I mean you might be able to I mean you can still do it. I'm not gonna say you can go to 99 bitcoins calm and You can put up a paper wall, but guess what that just for Bitcoin So if you want to do something else and do a paper wall, you can do other ones Is that the way forward? Is that how we're going to innovate by using paper again? I guess so But again if Ledger goes down, I think that's it I think if because Ledger goes down and someone figures out to do it and then again We see tracer or if that goes down and what do you got? You got people saying you know what that not your keys on your crypto might be better Just to put it on a central as exchange. Oh, but wait, we just did that We did that with mount gox with a voyager with a Celsius with that FTX that didn't work out either So it is concerning to me But I have to pay I have to play around with the probabilities in all honesty. Here's what I do There are still some of my crypto that is on a central as exchange Why because I'm dollar-cost averaging every single day every single day dollar-cost averaging So things just get there until I get around to it not be so damn lazy to put it on my ledger Now what I would should probably do is take some of that on my ledger and put it into a paper wallets So I could have a paper wallet a ledger and a central as exchange I think that would be the best option, but moving forward. That's not the path or mass adoption That's just putting out a fire. I don't know what what else is coming forward But hopefully something better options come in soon. We'll see US debt has been out of the countries Well, yeah, I mean some countries default in their debt We don't we just keep raising the debt ceiling Which is pretty cool if you think about it because like if you max out your credit cards Wouldn't it be great to just call your credit card coming and go, you know what I know I'm maxed out on my money But could you just raise that? I mean they might do it sometimes, but what if you did ever like two years? Could you just raise it from ten thousand the fifteen thousand and fifty thousand twenty five thousand? I know I owe you but could you keep doing that at some point of like no, that's stupid Filter, please. I haven't used that a long time. I gotta use snap camera for that. I don't have it on me. Sorry Can H bar range $2? Sure. Why not? The Williams says we need some more adoption of 400k China might be the catalyst could be Remember that whole That whole discussion about China's coming in they're gonna buy a bunch of bitcoins and totally untrue really what it comes down to is Hong Kong is going to allow exchanges to become legal so retail investors and Institutional investors can all buy crypto and digital assets in Hong Kong. The thing is that in Hong Kong It's one country two systems so China is 1.4 billion people and Hong Kong is roughly 7.2 million people There's a vast difference between what's happening there So I know people got their hopes up But it just wasn't that way yet and remember on June 1st They were opening up the ability for these exchanges to register To become make it legal for retail investors to invest in a crypto because before they already had institutional investors That was already pop. That was already gone through. That was already legal. But as of June 1st You had to reapply apparently and if you did any kind of investing whether that be institutional or Retail that was been illegal and that will be a fine in jail time. So June 1st, it's the 4th today. Let's see if they get going His pants waiting for heat to go home. I think we all are We all are Rob could increase adoption offset dimension returns. Absolutely, but the thing is you have to get that you have to get mass adoption I'm gonna ask you guys a question What's gonna lead to more mass adoption? Is it us going? Hey check out this cool thing I'm gonna use this paper and I want you to put your entire life savings into it and then just keep this paper safe That's the future of of finance If I if someone came to me like that, I've known in my crypto. I'm like, you're out of your mind So, let me know what you think that the next big wave of mass adoption is. I don't think it's paper wall It's just call me crazy Why do you keep signing you tired of us already? I'm tired today I'm tired It's a rough night. Well, it's likely now people move from ledger. I Would that be a good question? Craig Wayne says what's a paper wall? It's a good. That's a great question So I need to do a video on that because I think that'll be a big thing paper wallet is essentially the Probably the most secure way to do things is you will write down your mnemonic phrase and your private keys and this Will be a paper wallet And that's it. You can find those on 99 design 99 bitcoins.com and there's a host by the ones, too The Fledger goes down. We're doomed. Absolutely Rob, I love you love this up just to knock us down You got to remember Here's the thing I got this friend his name is Alex We call him negatron because he's always negative and when I'm like when I have an idea for a business I go I'm like, hey, man, let's go have a beer and I'll run this these ideas by Alex And if it's like if you shoot some down shoes down, I'm like, they might be good at my bed But if he's like that's a good idea. I'm like, oh my god. I got a winner. So like for me, you know that I'm I try to keep it Balanced about what I do if I'm super bullish during this, you know, whenever the next bull run comes You can be sure it's it's it's a good thing because I'm not very easily swayed To one side or the other so once it happens like oh, this is good as opposed to like someone was like, hey, guess what I Found this new low-cap gem and it's going a hundred X tomorrow. Like really he just Smith that's always happens every week Yeah, exactly when you have a thousand wallets, you're good For us to like grab a CBD surf for you the Shaolin says it's not one country's mess like could be I don't live in China Or Hong Kong, but that's what they say it is Yeah, I always thought the crypto hype was overflowing. It was but maybe it could be the next big catalyst. We'll see Sam Dose's next big adoption will be gaming. I have to agree And I was looking for this data point on Gaming And I couldn't find it yesterday. I was doing a live stream But I found it again, and I'm gonna share this with you real quick This is why gaming is gonna be big How many gamers are out there this is from a stead It's from exploding topics which was taken from statistic And there's some things I highlighted globally as far as gamers. There's approximately three billion active video game players I don't know how many people are actually into crypto right now. I know in America apparently is 20% roughly And we only have 345 million people or something like that globally I think obviously it's much higher, but it's not nowhere near as far as gaming Asia is home to almost 1.5 billion gamers And then it goes through some stuff. I don't care about that gains by region Asia Europe Latin America North America awful And then there was a couple of things which made me feel about it Portion of gamers if you're on my channel Statistically, you're between the ages of 33 to 55 That's not a bunch of gamers. You could be younger. You could be older But gamers by and large are in the 18 at 34 year range and there's 1.17 billion 1.17 billion gamers, and you know what the majority of those are Casual gamers that's stupid games like Benji bananas Like flappy bird like candy crush whatever else it is. I know some people say I'm an adult I don't play games But it doesn't matter as an investor you have to take a look at what's going on out there And you got almost 2 billion people in the casual games What do you think's gonna happen when you're able to earn a crypto token for playing a stupid game while you stand in line? Just killing time. I Probably want to do that as opposed to Scrolling through Twitter mindlessly. I'm just saying I think there's a play for this I think it's gonna be big girl, but I could be wrong with us with the data shows. All right How do you watch hockey for don't special demprey? I haven't seen a pocky in a while. I probably check it out the plan today. That'd be good hmm thorium thought thorium Wooden fidelity offering to buy and because don't your be key BTC been excellent stuff towards adoption. Yes It would be But Rob Not your keys, not your crypto. I don't care so if you're here now In this junk market where bearish and boring you don't you custody your crypto. That's fine But to make the tent for everybody to be in That's what you do like look if you don't want to custody it you can go this route And I think I personally believe that pain is the best teacher. It's like your kids right the kids They're by the stove when they're young You don't want to touch that it's gonna be hot You want to touch that and I keep going going going like you know what what this kid touch it Touches the pan burns his finger ever does it again, right? How many of us are going to trust a centralized exchange anymore? And none of us right, but the new people They're not gonna get it. They're like I use a bank let them do those things and they're gonna do it We'll be okay We'll self-custody and let them out and then maybe as we get them into it We slowly bring them in You don't want to put You want somebody who's just taken the first boxing lesson to go into the UFC repeat sakes get crushed so we just bring them along slowly and You know Trojan horse them I guess you want to say like that Use cold wallop built on a smartphone, I don't know if that's possible Tommy see Rob's killing it. You know who's killing it. You know who's killing it? Clear-value tax that guy crushes it every time he puts and we're talking about this every time that that guy puts out a video It's like in one hour. It's like 40,000 views. It's amazing. Just this guy smart guy in a white Usual white shirt standing behind him just talking about macro I crushed it. He just does Sass finance Missing drinks for the pool made at the end So much FOMO Tom crowns a legend. Oh Yes This is a great point by Shaolin. The big catalyst is always the having remember backed I remember backed in 2019 remember the institutions are coming. It's always the Bitcoin having and I don't think people will say Well, that's not the catalyst Rob really what the catalyst is is all the money printing again It's not We've been printing money forever We've been printing money forever Remember 2015 that's a pretty junkier for for for Bitcoin 2014 after the all-time high doesn't hurt it was good, but we're always printing money. We were always printing money 2017 we're print a lot of money, right? What happened here? 2020 well that was during the the coronavirus printed a bunch of money What was the catalyst was? First of all The Bitcoin having then we had a ton of money and I'm like we just talked about before But we're tightening it shouldn't have gone up It went from 15,000 to 30,000 as we were tightening. I still think it is that now Gosh, you're not just listening to me say that sound a little bit arrogant honestly Here's what I'll say about the four-year cycles They're like politicians They They're all wrong and some are useful just like all models, right? So when I take a look at it, we're gonna push the narrative the people that are out there The narrative is gonna come out. You're gonna have the Nova grasses. You're gonna have all the different The Raoul pals and all the different people go along on the MSNBC Train and talk about the having and people like oh, that sounds pretty interesting And then all of a sudden just gets sucked in the narrative and there it is It's the narrative that we Whether it be true or not It's a narrative that we accept as the fact and we push it out there and it becomes a fact That's just really what it comes down to now What if we collapse and and it doesn't make it? Well That'll be the that'll be a first, but it wouldn't anything nothing surprises me these days It's a good point. Maybe legalizing crypto in Hong Kong It shines way be doing a test run before making it legal in the mainland. It's a good point Shaolin said it too. He said, you know, that's a misconception about one country two systems He said it's not it's we're all on at the CCP Could be His Elizabeth Warren buying Bitcoin. No, she hates our guts And she hates us and she hates crypto because she thinks it's a it's a positive narrative And she gets clamped on to it and doesn't do enough research to really look into it. That's the problem and You know that happens to us, too. Maybe we get a little bit Horse blinders on Yeah, see Tom says my channel's demo was 24 to 34 like 40% Tom You should start talking about blockchain gaming because that is your demo. I Think web 3 and blockchain gaming are gonna be awesome get on crypto stash and Blockchain gaming forgot that guy's name, but they're like, they know exactly what's happening I Actually playing a 15k guarantee and hold and turn it. No, very nice. This is a great question How do you get that game token of value? It's the same thing with everything. How do we how do we get it to have value because we would we believe it has value? Or it actually has real-world utility. Let's take gold for example, right? It's been around forever. So people believe it has value not only that but it has Intrinsic value, right jewelry we use that for for microchips and motherboards and things like that. I get it, right? So that has value food water clothes same type of thing, right? It has value. It has utility let's just say for example that you have this token and it's in a game and You could use that token To purchase power-ups and everything else, right? It's the same thing that fortnight does fortnight, you don't use you have to buy these v-bucks to actually power up your your person in in fortnight, but let's just say that a game comes along and You have people who buy the intellectual property right to it in the trademark and then you could purchase said tokens to not only power up But then you could have a part of that trademark of the intellectual property So now you actually own it and it's on-chain and it's proven because you have in your wallet and then let's just say that they take that game And I don't know maybe they have a deal with Walmart Maybe they have a deal to put those on to pre-install game somewhere Maybe that's a project. I'm involved with I'm just saying and then maybe you could do those things and You say maybe there is value here as far as residual income and also maybe instead of like a play-to-earn type of thing It's like a wind-earn type of thing where you put in a token Just like just like blackjack just like gambling right you put in a token Everybody puts in a thousand dollars. There's ten guys Top person takes point five thousand second place takes three thousand third place takes two thousand numbers four through ten get nothing essentially And then of course the house always takes a little bit. What if you could do that? There's a lot of ways for for tokens to have value and utility it just depends on how you do it and then it depends on it People are actually gonna use it and they believe in it. That's where it comes out Yes, grant that thought of six is already released. They usually be able to withdraw their in-game money But I'm telling you that's gonna be huge That's gonna be huge So they're able to play the game actually gonna take it see gamers are Bryson said this you should also file follow Bryson on Twitter He said gamers are already conditioned to hate web 3 and blockchain gaming which sounds ridiculous to us But you have to understand gamers they get nickel and dime to death Fortnite is the first game The first free-to-play game to make a billion dollars in under a year But it's free to play. How does that work out because they nickel and dime you to death all the time You have to buy all these skins and the weapons to actually make it actually work and actually Go farther in the game It's a beautiful model. It's beautiful I mean if you want to make up ton of money, but it pisses off the gamers at some point like man I can't get anywhere because everybody's whooping me All these these power-ups they have now what you say The powers that you have you can take them anywhere you want to throughout any kind of game with ever kind of ecosystem And you can do that right now and like steam and things like that But what about like creators of those types of things and they could sell those and get Royalties and again like the trademark in the IP. That's a whole different story. So It's again, it's I think it'll be big. I just don't know when Tom Cron is the coolest dude in crypto. I'd say this that kids everywhere. He's everywhere. He's at all the different shows Everybody wants Tom Cron to be with them Yeah, I'd be pretty F2 pretty The golden girl is it a rule pull on the background in front of just all green screen Yeah, the green screen Green screen man in China exactly right Jewelry is overrated like tattoos And let's see did we get everybody? Holy smokes come up at 51 minutes Crypto burger my codon was an atomic Making with Bitcoin XRP Maddox Ethan Khyber. It's been a rough. Sorry. You lost it man That sucks Came because I suck Rob used to hate it when people said of the green I did I just then I would through if I would throw things in the pool and I was like, you know what I'll just say It's a green screen great question. I think this is it Rob Tom on the four-year cycle. What month are you planning to sell in 2025? I don't to be honest with you I don't know but It's a very simple way to figure that out There's a link in the description And it's in every one of my videos there's two videos that I put out actually is for That's in all the all the descriptions. Why and when I'm selling a percent of my crypto in 2025 there's a bunch of indicators I look at and I will base it on indicators and not like what I used to base it on which was just even Just a guesswork essentially of where things are going and then There's that video and then this one is important Don't make these crypto mistakes and it's all the screw-ups that I've done along the way and I spelled it wrong Crito, don't make these Crito mistakes. I should probably fix that and then the other two are the Celsius Voyager timeline when I Talked about when I figured it all out before they shut down everything and that's it today. All right, buddy So look, thanks so much for stopping by appreciate it. Enjoy the weekend. It's a nice weekend It's gonna be a little rocky next week. I leave on Tuesday to go to first we go to Houston See my grandson and then we're going to London After that on Thursday to be a part of guys event the Coin Bureau live event Which I'll be speaking about Something and then also what's pretty cool Simon Dixon will be there I just introduced him to guys. I'm pretty I get to meet Simon Dixon first. That's pretty great But that's it for today. Thanks so much for stopping by. I do appreciate you Hit the like button on the way out and have a good weekend everybody. Adios