 Great. Welcome to Jill asset news. Take a top stories and crypto right on a bite-sized pieces. My name is Rob and today Good amount of information to go over. So we're gonna talk about how the markets are up and not just our markets It's like every markets traditional and crypto. We're gonna talk about how Bitcoin monitors are really telling the tale and I got a little hint for you It's not because of the diamond hands that they or if other people might talk about it's the exact opposite Right, and then we're gonna get into maybe the reason why you're here because of the thumbnail on the title crypto and the 2001.com bubble lessons from the past and the present and we'll wrap it up with little clown news or as I call it There's also some good news of crypto growth and then we'll finish up With part two of how Cardano is a ghost chain and then of course the very end will do Q&A So stick around for that. All right, so the first things first. Let's talk about what's going on as far as the markets Now it's not a bad day in all honesty. I mean, there's some bad things going on in our market I mean, can we all agree? I think we can agree that Voyager filing for bankruptcy Celsius getting pummeled and There is some good news there. It looked like they paid off all of their Bitcoin loan now That's at zero. So there's no liquidation on that one. So that part is good I will say that and then as far as the Voyager chapter 11. We talked about that at length yesterday. However One of the withdrawals that I had done on the 20 or 30th of June came through so at least there's that good news But that's a long slow process. You can watch that video from yesterday. I'll link it in the description But right now, this is what we have as far as the market and we're honest is right Let me refresh this 97 billion. Hey, look at that 992 billion. That's pretty good. I mean, we're almost at a trillion again Bitcoin's up 4.6 Ethereum 6.4 so on and so forth and There's some good news abound Maybe this is because of the Fed meeting yesterday People kind of got a little bit more clarity looks like they are gonna raise interest rates The question is how much and again, maybe it is priced it Maybe I'm wrong about everything and I don't really think it is but we'll see what the CPI numbers come out Which would be think the 13th Also, we take a look at the traditional markets. They're up to date, too So I'm sure traditional market players equities are very happy NASDAQ which is more akin to us is up So everything's looking good on that front. We'll see if it continues that rally, but that's not the big story That's just what's happening right now This is part of the story Bitcoin miners and what's happening behind the scenes now we always take a look at Crypto-quant charts and the on-chain data analysis, but you know, it can only give you so much of the story So this is the Bitcoin miner outflow and of course take a look at the exchange reserves. Bitcoin's going down There was a drop-off with Ethereum mean as people take their crypto off the exchange That's good. That means they're holding on to it and hopefully not selling Of course leverage ratio. Everybody's a genius gambler. So everybody's going higher and leverage I think we're at an all-time high. Let me see me hide this Yep, all-time high. So leverage 0.309 anything above 0.2 is considered extremely high and of course leverage We're at 0.30. So good luck traders have fun with that. And then of course market value realize value We're below the 1.0 threshold. So that would be an indicative of a buy I can't tell you to do that. Not your dad and I'm not a financial advisor But anything below one is usually pretty decent. However, does that mean it's the bottom? No, because we've seen it go to 0.84 0.76 and I think even 0.63 So don't dump all your money at once. That's not what I'm going to do anyhow You can do whatever you want to but this one the miner flow if we take a look here We've watched this chart. We've watched it's uh fluctuate. Let's break this down a little better Last month or so. How about the last year last year? We can see that miners I mean, we've heard that that's stupid saying before right diamond hands Never give up sell or never bought never never sell just keep buying buy that dip all the time Well, it doesn't work like that and we can see that pretty well here. So you think like the bitcoin miners and even like, uh michael's seller will talk about how bitcoin miners all they're going to do is just take out loans and they'll be fine Not so much. So they sell they sell when there's a Increase in price they will sell when things go down and the last month or so You can see it's been pretty steady Going across the way and then of course if you take a look here total outflow 2.2 million and uh, sorry 2.2 million 2,205 and the price is 21 Other price of the crypto 20,000. Excuse me. So 2,205 Outflow and does that mean it's being sold? No, it just means it goes from what's recognized as miners wallets To someplace else. However, I thought this was quite interesting This was an article coin telegraph riot blockchain is moving to New is moving from new york probably because the electricity is super high and the taxes are crazy to the great side of texas Welcome again Anybody who's listening from many outside of the u.s. Come to texas. It's great. I swarm weather electricity is cheap natural resources gas wind water solar And of course, uh taxes are pretty low But uh, this is just this isn't the art. I mean the article is not the big thing It just says they moved because of that what I just talked about so great for them But what was interesting to me is I don't care about stuff. What was interesting me was this The crypto mining firm riot reported it produced it had produced or mined 421 bitcoin in june But sold 300 bitcoin for 6.2 million leaving riot holding roughly around 6000 coins is a thursday so again, people talk about Diamond hands never sell never sell Uh, that's not true And it's just the way it is and I got a lot of guff when I was talking the last year I'm like, hey, I'm gonna take some profits people like you're stupid That's dumb. You should just hold on until it hits these crazy numbers and even I thought that it would Bitcoin would go over 100k. It just didn't but idola cost average in laddered out Things worked. Okay. And that's also got me thinking about this. Well, if they sold They sold 300 bitcoin like how much how much bitcoin is being mined every single day? That was the question and there's a great website Uh by bitcoin worldwide.com and you can just kind of see right here based on Hash rate and of course, uh, uh, how much each block is producing every 10 minutes Each new block adds 6.25 bitcoins into circulation And that means at present new bitcoin per day Just one day 900 bitcoins is being produced per day. That's like 27 000 something like that per month and as you can see here recently They sold 300 bitcoin for 6.2 and that's just one mining operation I just found it's a little fascinating and just something to consider When you're thinking to yourself is you're thinking about the rules that are below me at all times Don't invest more than you can afford to lose Know that it's all gone. Everything's a scam until proven otherwise. Don't leave anything on exchanges. Don't use leverage 25 50 100x is stupid For me These are my rules and of course take profits along the way And if it's okay for bitcoin miners to take profits along the way to keep the lights on why not you? So i'm just saying anybody who Spouts off about how you can never sell bitcoin tell them to be quiet Because even bitcoin miners do it. So yeah, let me know about what you think about that in the comment section I'm sure I'll get roasted for that. That's just the truth of what it is let's talk about crypto and the dot-com bubble and uh, someone to who was it There was uh, she had a good point He says there's a big difference between the dot-com boom and the all-time bitcoin chart and she is 100 correct I'm not a chartologist not a ta guy. You can obviously tell From these videos, uh, there's other way smarter people to talk to about that But what I want to talk to you about is just the timeline and adoption and things like that See everybody thinks that the internet was kind of was in the 90s Well, it wasn't Just the dot-com stocks were in the 90s 95 or so 94 95 and the internet was around in 93 45 actually internet uh was considered Birthed or started in january 1st 1983. This is from the university of georgia January 1st 83 is considered the official birth the internet. Why why was this the internet? Prior to this the various computer networks did not have a standard way to communicate with each other. It's true kids Uh, we had to actually write letters. It's crazy Had to actually use a dewy decimal system. And if you know what that word is you're old And that's just how it goes A new communications protocol was established called transfer control protocol internet work protocol or tcpip And this is I want you to zone in on this this word tcpip it's gonna it's gonna be important when when I show you a video from scott melker And uh his uh His scott melker and friends as they talk about this and more specifically jeff booth, but This allows what is tcp it allows different kinds of computers on different networks to talk That's all it is right and then you can build on that And and programmers can talk about it. I'm not a programmer. Okay But this is what was considered the birth of the internet because computers could talk and back then I wanted an idea what I was going to do. We had no idea We're just like that's cute. That's adorable It'll fail though because it makes no sense and the government of course we thought back then The government will never allow this because it'll be free transmission of thoughts and ideas and information They will shut that down so fast. Well, they found a way around that which was just misinformation. So whatever but again krypton.com and this was a pretty good chart laying over The bubble that is calm to the current tech bubble now. We're talking about bitcoin crypto. I don't really care about the The boom and bust Because it's just a natural cycle Things go up things go down There's a big push up here and of course in blue. We're talking about 95 96 97 And in 2000 really 2000 is when it peaked then it kind of jostled then it went back up I gotta tell you this looks let me bring up something This looks a lot a lot Not perfectly This looks a lot like The last bull run in 2017 Had a big just run up then it went down a little bit then a little little recap before just dropped out the face of the planet We kind of see that went up dropped went down a little bit a little bit of run up dropped out the face of the planet I mean, it's of course it doesn't line up perfectly, right? But it looks kind of similar just saying and of course they're comparing this to the current tech bubble Again, it's just the same things over and over and over again I uh, I can't say any any any easier is a having an all-time high a dip reset. This is 2012 2015 2016 to 2019 the same thing having all-time high dip reset Did this not happen? 2020-21 Dip reset we're here or somewhere right here and of course It's gonna happen again. I I'm not a hundred percent sure But if things play out like it has the last 12 years it's just everything just repeats. That's just how it goes. So The whole thing I I wanted to bring it to your attention is that yes This could be a bubble. Yes. It popped. Yes. It went down. Yes. We're kind of in that That's uh, some might call it crypto winner. Some might just call it a bear market but it is Of course what it is the thing I want you to make mention of is that the reason why Are part of the reason why? This whole thing dropped off is because these websites didn't do a lot of things There wasn't really a great much of utility things were just getting spaced out and that's even from 83 All the way forward. I want you to zone in on this one Internet giants or websites that ruled the web look at this ridiculousness in 98 This was like right before like a couple years before the crash right two three years Tell me if you've heard of these AOL yahoo geo cities msn net scape excite Lycos microsoft, okay. You got me that one american greetings info seek altavista trackpad. Seriously. These were like hot Websites and they people said these are gonna be awesome. There was a bookseller called amazon. No one paid attention That was stupid Real zena hop on info space 98 And then even after the bubble came around now we a little bit of Utility a little bit of usage, right? Maybe a yahoo aOL msn But what I want you to notice is The place that had real world use and utility And actually did something and actually laid down track and actually started to grow And actually be usable These are the ones that grew so just take a look. I don't have to show you Why I guess I do I don't have to point it out to you Do I just look at the ones that are actually in here year over year over five years five years five years and even today What's going on? It's the same thing which ones have real world utility, which leads me to my last point. This was a great Uh round table that's scott melker from wolf of all straights links in the description. Do not copyright me scott I'm just promoting your Your talk here, which is really good hit everybody some some heavy heavyweights scott jeff booth My man simon dixon kato long dav weisberger who is like really Treadfy guy and they gotta gotta heat it into it. It's pretty it's pretty good. It's an hour long Uh, i'm not going to show you any of it or most of it. I'm just going to show you this uh 54 second clip And this is jeff Who's jeff? Well jeff is this guy jeff wrote the price of tomorrow and he talks about deflation and how technology is going to Push down prices so much, but it's also going to be a problem because as prices get pushed down Then of course manufacturers and jobs will start to disappear because no one's really paying for anything It's uh, just a reduction So jeff just you know, you let bill direct technology company into Simplify the building industry for only two decades through the dot-com meltdown 2008 crisis and ways of disruption 2016 goldman sacks in and the most hundred most influential or intriguing entrepreneurs Founding partner of hoteo labs Add to invest knock knock. No, that's funny. It's the boards of terra mera spud dot and all the stuff great So jeff's great doing great guy Good guy great book everybody respects him Really smart gentleman. So listen to this because He has his own fund and what he talks about right here In this one little minute It'll Be able to stimulate what you think is possible in under a minute. So just take a listen. Let me stop my screen Let me share this tab So you can actually hear it Let me mute myself. I don't want to have any echo. Thank you guys. No I started a venture capital fund in this space And i'm investing in layer two and three solutions right now So i'm seeing all of the stuff that's coming on top of it coin We've seen 260 companies. We've already made commitments on our first three I will not say what they are right now My god Some of the what's coming that people don't know know about it is going that's going to bring on the next billion people under this network It's unbelievable Super exciting, but but that that ability to build on top of bitcoin didn't exist for a long time Because of because it was decentralized and secure and and they focused on the first layer So the second layer and the third layer and everything else that was able to be built on top is only just starting to emerge People are looking at this asset class Like it's always going to be like this and instead of understanding it's it's it looks a lot like tcpip Looks like tcpip just like what we talked about But again in a three everybody. This is stupid. This will never work. This doesn't make any sense And here we are there's another great comment I've said it but it was about steel And this technology that we have with bitcoin decentralization I know it seems sometimes it seems a little bit crazy to even talk about it, especially with the price action because we we We equate the price action for use and value and it's not so much that and I and The statement was Was about steel In the early days of mankind we discovered steel We made swords and and arrow tips and then we figured out that you know what we can also use that for buildings And then we also figured out maybe we can make even taller buildings We made skyscrapers and then we figured out you know what maybe we can make this into a form Which would be a space shuttle and take us to the moon Who would have thought about that thousands of years ago? So it's the same thing now when we take a look at decentralization and moving value Across the internet in the blink of an eye and of course we are the custodians and our we are the banks It just it's just hard to wrap your head around and to push yourself in the next part So when jeff talks about Maybe we got some pretty big things coming out of the pipe and you know the next billion billion users I stand up and take notice if you want to watch the entire hour long conversation. It's very good It's uh, you know the whole hiccups of decentralization and where we're actually moving I linked it It's one of the first videos in the description and you can check that out. Anyhow, let me just think about that in the comment section Let's get into Some good news of crypto growth and a little clownish stuff. So I do like Articles and things to talk about the next big thing and or where we're going and of course In the bull market, this is when everybody Everybody thinks all the good stuff happens. It doesn't it's in the bear crappy market that we're in right now And I gotta tell you there's some smart people still moving into this space And this is one of those things where I'm like, why did these people move? Why do they leave their cushy jobs to get into something that Is very risky. It's because they see the future. I think Three exacts leave jp morgan to join crypto firms. So real quick latest levers include eric roge former managing director at jp morgan with 21 years tenure at the bank joined algorand Also announcing is uh, puja samwell former head of ideation and digitization at jp morgan He joins digital currency group and then samir shah Left jp morgan to become chief operating officer At investment firm pantera capital. So again smart people moving. So I like that and then also on the flip side You can see you can see this is as bad. You can see this is good. I see it as both in all honesty Uh, this is what I like to call clown news and because You have to understand when we take a look at these things had uh We see that that the government's like, uh, you know what this is awful Crypto is going to be the worst thing of all time and we need to really really get our hands around it And so what it talks about here is Ethics watchdog bars u.s. government employees from writing crypto policy if invested us officials who are personally invested in crypto are now disqualified from working on crypto related policy and regulation that could Effect the value of their assets. I'm not saying this is bad. I'm not saying this is this part's clownish But I'll tell you why it isn't saying A legal advisor advisory notice issued by us governments of ethics on tuesday declared that's the de minimis exemption Which one applied to security would allow the owner of an amount below a certain threshold Even if the crypto in question Constitutes securities for purpose of the federal or state insecurity laws. They can't work on it Directive applies to all white house staff and the employees of all federal agencies including the federal reserve and treasury department And then federal employees less than 50,000 which I thought was interesting because I started to think about i'm like But can't they still invest in stocks? Which are securities and equities and I had to take a look at it and there's a I think there was a bill up this year I know this is the information that I got the bill that conger lembers passed Volume there's finally a man. I'm to stop trading congress This is in february and I couldn't find it like I don't know if that even went through But it seems like Either it's in limbo or not so correct me in the comment section, but I will tell you this even if it had passed Recently that I can't find You know many decades that congressmen and women were able to trade on stocks And just do whatever they wanted to and then sit on the economics committee and create policy Four said companies that they were trading and then of course here they come around and go, you know what? Not for crypto. Sorry. We're gonna nip that right now because they are federal employees. Anyhow, let me know what you think about that Let me get this stupid thing off And then let's talk about finally how cardano is a ghost shape part two. So if you haven't seen my Former video. I'll give you just a real quick breakdown coming from here. So I did this slideshow And this slideshow it's on a in a google docs There's a link in the description And it just says cardano ghost shape you can you can find this it's open access I give you access you can share with anybody But just you know like 2020 this this is the best picture. I could find it's pretty crappy But this is the this is the cardano ecosystem in 2020 doesn't look that good. I'll be honest with you Here it is in 2021 lending and borrowing launchpad dexes and stablecoin blah blah Here it is in November 2021. And then here it is in april 2022 and I couldn't even fit it on there Here's a little different projects building on cardano Not too bad Developers tooled any solutions incubator launchpad metaverse nft collections marketplaces oracles awesome Here's how much is being staked and you can see if I can blow it up. Yeah, what I was going for fine But it's 72 percent. Let me just blow this up Roughly 72 percent is staked and that means that the market cap for cardano was around 15 billion And that means 11 billion is being staked now. Is it locked up? Well, not really because Cardano doesn't have lock-up periods in uh in staking and if you're looking for a stake pool Or how to figure that out there's a link in the description and I'll show you how to do it And then also the staking ratio. This is from staking rewards.com. You can see that 71 Is actually being staked and this was like last week. So I may have fluctuated. I can't tell you Salon is at 74 and a theorem 2.0 is at 10 So just so you know and then of course people will always point to what about the d5 part Well, you got me on that one because total value locked in d5 Is 72 billion and out of that 72 billion 45 billion is a theorem just so you know, but if you take a look at bitcoin, it's only 118.55 million And then for uh cardano, it's 118.56. So we just be bitcoin On that d5 stuff. So that's what's going on, but I want to share with you like again The ghost chain that is cardano how world mobile and empower planned to bring connection affordable housing to mozambique What's going on here? I thought it was interesting because I thought this is like the thing we talked about real world utility Which you know, we take a look at these things that actually give us and actually do things Well, this is what's going on over here Empower is a real five project built on the cardano blockchain that provides decentralized affordable home loans For the financially excluded again, this is in africa And there's some pretty crazy stats on this one Empower plans to build environmentally sustainable homes in byra and deliver access to affordable home ownership And we plan to roll out our foundational infrastructure And work together with local entrepreneurs That means affordable homes meets connectivity because connectivity is all about what world mobile token is and just for transparency Uh, I am a mobile operator meaning I bought a ton Well a ton about a bunch of world mobile tokens when they were coming out And uh, I am a note operator. So just so everybody knows I'm also Uh, I have my own stake pool for a cardano. I think everybody knows that though, whatever So mozambique's population is over 30 million, but there's only 600 mortgages in the country How can you do anything with that cheapest housing options in the market? Start from 55 000 with an interest rate on home loans between 20 and 30 percent You thought 6.25 was bad 23 percent which makes housing affordable to only 1 of the population. That's not good In january internet penetration in mozambique said a 21 percent and only 34.2 of the population had 3g coverage That sucks Mobile data is super expensive country ranked the top 100 most expensive countries from all data. That's why I like this one and this one looks very interesting. So just so you know and then on top of that Uh, there's another project called votaire. We had covered this before this is where you can actually vote On the chrono blockchain. There's a simple one a ballot delegated vote for state pool operators and policies Throughout the ecosystem. So what I did was I brought on gentlemen From who is the cto? of votaire to talk exact what what it is that they do and Let me just bring that up. This is about five minutes or so Here it is With my man All right, everybody. So as promised, I wanted to bring in somebody who could really give us a little bit of background Into a pretty interesting project that's being built on cardano. You know cardano that ghost train And of course, we already introduced mike mike steward the cto here at votaire mike. Thanks for taking the time Yeah, thanks for having me. I appreciate it. Yeah, cool. So we had talked about this this project before And there was a scheduling conflict. So here we are right now Tell us about votaire. Why is this such a big deal and what's the plans for the future? Yeah, thank you very much. So, um, you know votaire, we're we're super excited about it Really the genesis of this This whole idea was a conversation we had with the eight eight Who we've worked with before in his wild warriors project and he came to us and said, hey I'd really like a way to have on-chain voting for my project And so, you know after discussions, we said, you know what? This is actually something that everyone is looking for and we think that this should be something that we built for the entire ecosystem Um, so, you know, we just uh, we just went away. We spent some time in and designed something where we can We were looking for simplicity. We were looking for something that anyone can actually Do and create an on-chain vote on cardano, right? And so It ended up with with votaire. Um, that was uh, that was the the end state kind of thing So really the way the way it works right now. There's there's three different kinds of votes You can create a simple vote which we like to call a simple one. Uh, which is anyone who holds cardano can Can vote I see their weights. Yeah, their weights are actually voted Based on how much aided they carry so very similar to like a catalyst vote essentially. Okay The next one is a is a delegated vote So we see this being for stake pool operators who might want to hold their their delegators and so this one You when you create the ballot you provide a stake pool id and All members of that pool can actually vote and have their vote counted and their Ballot will be weighted based on the amount of stake that they have delegated to that pool Yeah, Mike, you know, I was just thinking about as you were saying because we uh hear a d news We have our stake pool d news and uh, that is a that is a tricky thing because It's great to have the community, but it's hard to reach out to that specific community I can do that on youtube But now everybody's on my stake pool. So This would just work out. First of all, let me let me rewind a little bit Yeah When does everything go live because I think I'm going to use this going forward Especially when I'm going to talk about do you want some kind of dual airdrops? Yeah In in regard to cardano or aida being actually what is being staked what you can actually receive and some other things on the line So when does this go live or is it live? So, uh, so right now, uh, the the url You're on right now is test net dot vote hair dot i o. So that is live and we're doing some updates to that as we speak Uh, the live one vote hair dot i o is live right now, but it's uh, it's a private launch with wild warriors So anyone could go there See the ballots, but only holders of wild warriors can can vote on those those ballots right now So we're aiming for a yep, exactly We're aiming for a few more epics We have a few more Just some some tweaks and some ui fixes that we want to get in before we go live to to everybody God And as well we're we're also working on Kind of a branded experience as well for the policy id Tight votes, which are really the ones meant to be for projects like nft projects or fungible projects that have fungible tokens These ones will allow people to create votes that are only um Weighted based on the number of your tokens that you hold whether it be nfts or or fungible tokens So we've actually had a lot Projects we talked to us and say hey, we'd love to use this for a project So we're going to make sure that we have the ability to have these folks have a a branded experience that you can go in Visit, you know a vanity url, but that uh goes straight to your uh your ballots Awesome. Okay. I got it. So yeah, so for everybody right now who is watching the video that is What's happening as far as voting if you're a part of dnews or any stake pool in all actuality? Do me a favor in the comments just Put down what you think would be uh something that will be good to vote on For a stake pool if you were in part of a stake pool if you're not part of a stake pool Let me just talk to you about The way to do that you can you can you can sign up for ours or a day for anybody else There's a link in the description looks just like this and there's a video Which shows you exactly the difference between proof of work and proof of stake How to use the a to light a to light yoroi or a deadless wallet to stake your cardano For a reasonable amount of yield not crazy stuff like that. So and you know mike, uh again What about uh The actual time to go live we're talking like uh the end of the year next year No, like I said, we're we're technically live right now But only allowing certain ballots, but we're looking more like the end of this month We hope everything will be fully live. There we go all the features. Yeah, excellent. Not too bad for a ghost chain. Okay, great Exactly. So mike anything anything else we missed to talk about that you want to add in No, maybe just a couple things in terms of you asked about where we're going We actually have a few catalyst proposals in right now One is for integration of self-solving identity or or dins so that one is really You know if you want to actually have ballots that are tied to individuals Or you know, even when we You know get to Government adoption and whatnot and actually using this for for corporate applications or government applications You need to ensure that a person you actually have a Unauthenticated person that's that's voting rather than just the holder of a token. So we're going to do some research Talk to some different partners and And integrate that The second one is actually making this ballots actionable with some sort of escrow contract or some ability to have a vote unlock some funds So this will really make this more usable for people who want to use this for things like treasury management and whatnot Okay, excellent. So good. So things coming on the pipe. We'll see how it all works out. All right, Mike I want to see I want so what I'll have you do is once the thing goes live Come on back and then show us how to do these things for the single for the delegator and then of course, of course For the if you're gonna do policy id based vote. All right, absolutely Mike, thanks so much for stopping by. Thanks for having me. I appreciate it. All right, let's jump back So there it is Tesla coffee multitasking doing this thing We'll explain that later and that's it for for the news for today. So look, I know that's a little bit long but The markets junk Right now depending how you want to look at it But again taking a look at things that have gone on in the in the past the present hope for the future. I think we're in Hopefully A good place At some point in the future and I don't have a crystal ball. So that's it So look like this video like and subscribe now if you want to stick around for the q&a I'll answer all your burning questions the best my abilities. So let's just jump right in to that right now So let's do a little blah blah blah q&a And again she was correct