 Welcome to the last set news like a top stories and crypto and bring on a bite-sized piece So today we're just gonna do a quick little live impromptu session just to talk about what's going on with Cardano And how the price is doing so well So first we'll take a look at what's going on with the market Then we'll take a look at of course why Cardano's on the rise think most people know what's going on But there's some things that you have to be aware of and there's good. There's actually some concerns Which were put out by IOHK as well as the Cardano decks themselves and we'll go over all those things just a bit also take a look at the actual Different pools that you can stake to for said rewards Hint mine is not one of them. So you're gonna have to leave my pool for a bit also Or lastly we'll take a look at those those decks concerns And finally we'll take a look at some boomers that are on board for Bitcoin because I know people don't really Care so much about the boomers in general in some way shape or form, but they should and I'm gonna tell you exactly why I'm I'll show you why a big boomer is on board for crypto who used to be a real Bitcoin haters So we'll go over all those things but first let's ask the question of can everybody hear me and how is the audio? Because it's kind of important that I actually test these things before I just start talking For like a next 10 or 15 minutes or so and that would be not good So first real quick. Can everybody hear me and how is the video quality beautiful day here in? Puerto Rico and I think we're gonna have a pretty Hopefully a pretty good week. I just am concerned about some information that was put out By the actual Decks itself. Okay, great. All good. Let's get going. Let's jump into this. So First of all, let's take a look at what is going on into is said market. So today it is 17th Wow 17th January and we got a little bit of a slippage as far as the market cap goes we're around 2.1 Hovering on 2.2 and we take a look at what the as far as price action goes everything's down Everything's down except for this little gem Called Cardano and we're up 8.6% in the last 24 hours and 31% in seven days. Can this continue? I'm not for so sure Solana down 5% seven days 1.5 XRP down about 2% everything's down down down in the last 24 hours Seven days is pretty good 18% for cosmos in seven days 41% for near but down 5% And 16% Wow light coin is up. That's crazy You know, see that too often 2% up for Tron Wacky day in crypto land 4.6% for Monero That's great 1.7 and so on and so forth and 9.2% for Abbey very nice Abbey holders So that is the market in a nutshell. Let's get to today's top story We're gonna talk about why Cardano's on the rise before I get into that. There was this really great Graphic shared which talks about Let's see if I can blow this up in the correct way, which talks about transactions transaction fees and All the different transactions for his on-chain activity going on right now if we can take a look you got Bitcoin a theorem Cardano Bitcoin cash like coins on and so forth and if you see right here in the very middle here it says transaction volume 24 the last 24 hours Bitcoin has got about 15 Billion dollars worth of transaction. It's pretty good. And then a theorem has got around five 5.5 and crown was at 5.3. So that's a pretty high Transaction volume and then there's an adjustment right over here active addresses and so on so forth But here's the big thing. I want you to pay attention to The fees the fees in the last 24 hours it took So roughly the two transaction volumes for a theorem and Cardano are roughly the same I think we can all agree on that five point five nine and five point three adjust the transaction volume four point two six four point two and The fees 43 million dollars for those fees in a theorem. Wow, that's a lot of gas But seventy five thousand bucks for Cardano that is I think a big telling tale of where things are going now ETH fans. I own ETH. I own Cardano, I own Solana. I own avalanche. I own near protocol now. I own tasos I own a bunch of different things a lot of stuff. So I understand like everybody has their Their idea as far as like where things are going and what's happening But this is on the horizon and this is happening. This is what's going on. Sure. It's all happening, right? But we're not at those at those final levels yet So just be aware of that is what is going on We're all really in a bunch of price discovery and everybody's trying to get their best foot forward to get things to market Which is great. So It's just interesting to note that it's so crazy expensive, which we all knew so if we take a look Coming back here Why is everything going up? Well, I think everybody knows this by now But Sunday swap is happening Sunday swap is the decentralized exchange that they've been working pretty diligently with I OH K And here's what's happening. This was written on January 15th, and we're going to talk about What's going on how you can participate? Liquidity providing all that good stuff. We're going to talk about the scoopers or the different different stake pools that you can stake and actually earn rewards and Which ones I know about not that I recommend but know about also going to talk about how to yield and Then we're going to talk about some negativity which was not negativity But some concerns that were put out by the Sunday swap team themselves. So first of all What's happening here? Well key dates today is I said it was a 16th, right? 16th 17th damn 17th So today's a 17th Monday on Thursday, January 20th Sunday swap will launch as a fully functional beta Essentialized exchange. They've already gone to the whole setup and they did a lot of different interaction They figured out some things they figured out some things that they're going to have some issues when things start up and They put their best foot forward and they try to change these things I think it's going to go pretty well But there's going to be bumps along the way and the big question is because of the price that is going up is This because of the dex that is happening what's going to happen when the dex launches Well, if you can think back to when everything was going on with smart contracts for Cardano you'll kind of see the same type of pattern and It's up to you to determine if this is a buy the news sell the rumor Buy the rumor sell the news type of situation or this is a long-term play It's up to you not up to me. This is investment opinion on investment advice So on Tuesday January 25th the first round of the ISO or initial state pool offering rewards will be calculated The participants that's the people like you and me who are going to delegate to these pools must delegate Ada to qualifying ISO scoopers Prior to January 25th or 2145 UTC someone do the conversion for me on January 25th So between that time between January 25th And now you have to pick a pool if you want to do these things with your Cardano You don't have to but if you'd like to get a little bit of a Sunday swap tokens Probably behoove you to do those things and then also you're gonna get both you're gonna get Ada and Sunday swap You'll be able to earn Sunday for all five ISO rounds and we'll talk about that a bit So January 20th yield farming Sunday rewards begin. That's a different thing yield farming Yield farming will be available for at least the first six months of the Sunday swap decks and during this period Liquidity provider tokens staked to yield farming contracts and eligible pools can earn additional Sunday rewards We'll go with that a bit. Okay. So how do you get Sunday? Initially, there'll be three ways to acquire Sunday. You got to participate in the ISO Available during epics 316 and through 320 so roughly looking at around 25 days Yield farming rewards January through June and swap other tokens for Sunday on Sunday swap if you want to do that type of thing When the ISO will begin on Thursday and we'll continue for five epics I know some people say but Rob. It's pronounced epochs or epics, but it's epics and that's how they pronounce it And that's just I mean that's what Charles Hoskin calls it. So we're just gonna go with epic, right? Round one through five you got Jeremy 25th 30th 4th 9th and 14th again every epic is five days Let me do some quick math like 25. Okay, so 25 days. We're going on. So before I go into yield farming thing Here's the big important Situation you're probably asking yourself. Well, Rob Which ones are the pools that I can stake to because I'd like to earn a little bit of of Sunday token on top of the card a to token. Well, here's what you got And this is done by a big voting process. There's a couple of months ago And here is the 30 that made the cut. I don't know most of these most these guys I don't know wave seven sky. I have no idea SIPO exit H. I don't know those guys I don't see CV crypto capital ventures been the on the show he's got his own YouTube channel and Seems like he's doing pretty good. He's got a lot of pools like for I think like that ITC that's been over that's into the crypto verse and he got Paul and Paul's got his own YouTube channel Card on Paul those are the ones that I know seem to be working out pretty well and those are the top 30 So as you may know, you do not see D news in here. So Well, I did get a participation trophy which is The SPO wait list and so everybody voted for I mean We had a lot of votes, but those votes didn't really count too much because it was the weight of the Cardano behind each vote How many if if a voter had like a million? Ada it was like far outweighed a person. We just would want Ada So me and ape we're down here with our participation trophy, which is not bad. I mean, hey, we get made the top 40 So that's what's going on. So let me make this very clear I put out a tweet last night I said the D new steak pool is not one of the 30 pools for the Sunday swap If you want Sunday and Ada the words and you need to leave my pool By January 25th and redelegate to one of these pools and then that's the I linked to there And I just talked about how you know, you got Ben Paul and Dan And that's what's going on. So that's essentially in a nutshell of What is happening? So I know this isn't probably great for my pool. I mean, I'll lose lose some people I did the same thing for meld when meld was going on and I lost like gosh I want to say like 10 million different delegates, but it's what's best for the community, right? So you can't do squat in my pool. I mean you get some pretty great rewards It's like a lot of different people and of course we We donate a large portion to Kiva, but you can't get any Sunday swap I don't know. I can't make it much more clear. So you're gonna have to leave the pool and go to these guys To take it for what it's worth and that's what's going on Then before I forget, let's go back to the article to Right here. Aha. So yield farming So, of course, you can buy Sunday swap token on Other decks is you can be a part of the ISO or ISPO initial stake pool offering initial stake offering We want to call it or you can yield farm. So Ah About there'll be five. This is the crazy part Yield farming is a form of stake used by decks to reduce the volatility. We know that half a million Sunday Token will be allocated daily over at least the first six months of the dex's operation So I'm gonna guess that they got a lot of coins coming out to yield farmers participating in the following liquidity pools So if you want to be a part as liquidity pools, you have to offer both Sunday Ada Liquid is LQ Ada world mobile token. Hey Ada and then cards Ada and cards is that's that launch pad. So that's how these things are done. I think I pulled up Yeah, let me sure. There's the I'd link this in the description How will yield farming work on Sunday? So because every place is a little bit different Just so you know the quality providers receive liquidity provider or LP tokens in exchange for depositing a pair Assets into a pool the LP tokens received effort qualified pools see here, which is the one That we had Sunday Ada LQ Ada develop all that stuff. Those are the ones that are Verified or ones they want to go through our Qualified pools liquidity providers will be able to stake their LP tokens in the yield farming contract and obtain additional yield On top of the fees they accrue yield farming contracts will be set for 30-day terms terms We'll roll over automatically you don't need to withdraw and then restake You just kind of leave him there let the let the good times roll at the end of each yield contract term Three a yield period users may withdraw their initial LP tokens as well as any LP tokens earned as yield from qualified pools The sunny swap Dow will swap these additional yield generally liquidity tokens for Sundays There's a bunch of different ways to earn some yield those are the three right or the two actually ISO and then yield farming So again, I linked those in the description so you could find those and read up on it But the easiest way is probably just to just to stake that way. So that takes us through the ISP pools for rewards and what's going on and then Yield farming now. I want to get into some concerns and these are the Cardano decks concerns These aren't these weren't concerns that I came up with these are concerns that the actual decks came up with themselves And you have to understand when people are saying like Rob, don't spread fight don't spread fight if you're in Syria Dow It's just awful. This isn't for me. This is from the actual this launch was exchanged. They're like look We need to deal in reality and here's the reality of what's going to happen with this decks So this is important to kind of figure this part out. So here's what we got So this was a great article written by Sunday swap on January 7th They said as we approach Sunday swaps mainnet launch the team at Sunday swap believes it's important to educate our community on some of the expected operational constraints and Limitations at the blockchain the decks will exhibit on opening day I think that's a big important thing to remember here opening day and to the first few weeks Okay, now blockchain was designed for global reach and penetration achieving consensus on transactions across the world in seconds And that's why I'm a big believer. I love Cardano like it I really love the things that are being built on their world mobile token meld being two of them two of the many And I think it's it's really building out quite nicely, especially a world mode token I mean imagine be able to connect all the different people across the globe Well with telecommunications built on the criminal blockchain can't beat that Anyhow off my soapbox Cardano is always operated by measuring twice cutting once this meant results in initial parameters of the blockchain Being set conservatively during our test net event. This is important the team noticed a large backlog in Processing user action. This was more due to the current maximum throughput parameters of the kind of blockchain While this is likely to negatively impact the user experience The congestion is a sign of the current network operating as intended by gradually applying back pressure So really what they're saying here is this like look we're gonna have problems. We're gonna see these issues It really is with Cardano as they start to figure things out and as we start to get more load Then they start to limit or de-limit these types of congestion issues So they can actually do the things that we want them to do which was scale and move fast and all that great stuff Right, but there's a process and it's frustrating for me to but look I mean how many different products do we know out there that just say hey look at this wacky project Let's see if it works out and then of course the developers make these projects and it gets out there And they're like whoops broke and everybody loses their money who lost their money wasn't the developers It was people like you and me who are like that makes like that Maybe this will actually work out and it doesn't work out and so just remember those things that sometimes is better Just to go a little bit safety and just kind of pull back now what we'd like it to go faster Of course we would is it always available? No, it's not so that's what we got for this piece Let's move on to the other parts. Let me blow this up so even bigger so you can see it And that says it really help I got an idea do that Okay, that's a little better. All right Okay, so during the testing phase 40 minute low test a single Sunday swap scoop or performed a hundred thirty nine scoops That's where that was those 30 different steak pools and this is approximately three scoops a minute This is this is essentially transaction is if that's lower than the roughly seven scoops per minute We saw on the test net. There are a few things that must be noted. These four things are big There is a much lower barrier to entry compared to test net There's no need to interact with a faucet switch your wall test that etc Basically when you when you did the test net part You know to switch your wallet to the test net and then you could actually interact with it and try to break In all those things but here just you just go to the decks and just go There is greater incentive to participate in the decks to capitalize on its utility with real funds Of course, we talked about that the ISO and the farming But there is greater risk of participation since users are exposed to losses of real funds Through training activity any decks that you go on is risky Just so you know you can lose and of course there's gonna be scammers out there so be careful Your and investments if you're using it in a proper way and then it could actually and it's happened before The Sunday swap decks must share network bandwidth other launching protocols themselves drawing additional network demand on Cardano So due to staggering levels due to staggering levels of demand and excitement for our community We expect a large backlog on main net even under our most optimistic predictions To be as transparent as possible. We want to inform you All that while orders including swapping liquidity withdrawing liquidity may take days to process Everybody's orders will be processed fairly and on the order. They were received. Let me say that one more time Are the most optimistic predictions? We're gonna see some problems to be as transparent as possible. We want to inform you This is from the team at Sunday swap that while orders including swapping providing liquidity liquidity blah blah Let me take days to process Everybody's orders will be processed fairly although we expect this backlog during the first days the protocol We're very confident the protocol can meet the normal day-to-day Load once things settle down because they're gonna be a huge amount of demand people like me going there and playing around Screwed around and just trying to see what it actually works. So all this demand surge will result a network congestion I think we hear that term a lot on a lot of difference L1 Solana being one of them I know just had to throw that in there Eventually the network will catch up this will be further improved as IOG implements a planned series of improvements and enhancements to scale card on a network capacity Throughout 2022 which is increase in block size put a script member units and other optimizations Such as a new version of the crowd node another new networking improvement known as pipelining. It'll be interesting I don't know what that is sounds great I don't know what it is, but and then layer 2 solutions such as Hydra Which hopefully will lead us to 500,000 to a million transaction per second Which will allow a large portion of the protocol trade volume to be executed faster and cheaper So that was a very long winded way to say that there as things move forward And we get these advancements just realize and you're gonna hear this from everybody whether you're a huge Cardano fan kind of a fan of Cordano or you're indifferent or you hate Cardano You're still gonna hear the same things which is okay Price is going up. Everybody's excited Round Thursday when things start happening you're gonna hear this like whoa, there's congestion. What's going on? Oh, this doesn't work. This is a piece of junk. This will never happen Then as things move forward you're gonna see the price. I Can't I'm not gonna even try to predict what's gonna happen with the price I really don't care because the long term it doesn't matter Price could do whatever it does and then you're gonna hear the same things Same stories come out about how well it's really slow and doesn't really work But you have to understand they're just working these things through could it be the greatest thing of all time? Sure, could it be faster? Yeah, maybe and could everything actually just kind of get streamlined It's up for them to say there's a different way of making all these things. I am not a developer I'm just happy that we're going in the right direction. Let me know what you think in the comments section Let's move on to our last piece Boomer is on board for Bitcoin This I think everybody can can can rally around First of all, that's Dave Raves. That's Dave Ramsey that has never seen a show He's all it's like a financial guru guy and and just by looking at him you can tell that Probably a boomer. He probably has a large Scale of people that are also boomers and why do I keep saying the word boomer? And it's because of this graph and I Know when people say like well, you know Rob all the money is is it is coming down whatever else sure the baby boomers Depending on how you want to define those are in older generation and the percentage of us household. I don't know how this works Globally, but the US household wealth by age of generations meeting court baby boomers have the most amount of cash and Assets and funds so when you got something like Dave Ramsey coming out and going You know what? Hey crypto is not so bad It leads us to the same thing I was talking about with Walmart yesterday people are like, you know I don't know about crypto and I've heard it's for like illicit activities only had nonsensically always hear about it But I trust Walmart because I shop there all the time and if they're getting the crypto then it shouldn't be so bad Same thing with Dave Ramsey. Why don't know about this crypto because silk road blah blah, but Dave Ramsey said shouldn't be too bad Let's take a look at to it and again. Let's make a big tent for everybody come on it So financial guru Dave Ramsey says crypto is fun That's a stark contrast and then he was on Fox business today and the the host asked him I know that you warned against crypto. You called it a get rich quick investment Are you telling us that we don't have or should not have any exposure to crypto? He says no as long as the exposure is money you can afford to lose Whatever you want to do with that which I thought Wasn't the most exciting way to say it, but it's that gets better. He did caution this We've got people mortgaging their homes We've got people taking their retirement of the 401k and dumping into crypto as if it is a proven process to build wealth It's just not a proven process. I have to dispute him right there because A friend of the show did he from the Bitcoin family? That's exactly what he did in early 2017 He sold his house sold his business. He sold his cars. He put it on the Bitcoin was a thousand bucks Worked out pretty well. Now. Does that mean that you should take all your money out and sell your you know Your house and your family and kids and kidneys and just go, you know what? I'm going all in on tomato coin. No, that's what I'm saying. I'm just saying that it can actually happen Is it proven? Well, it's happened before Depending on the right project that you get into so to move on with this story And we'll finish up. He says I think it's kind of fun I enjoy watching the whole thing and all that but it's an anomaly on the side It shouldn't be a big part of a personal financial plan to build wealth. It could be a small part for fun Z's and This is the same thing that Ray Dalio went through This is the same thing with like a lot of these different gurus went through They would talk about bad about it then they would do more research and then of course you see everything around you going on like Wow, Mike. He's getting into it. Wow Walmart's getting into it. Wow, you got the Bill Miller's getting into it He's a legend and then the Paul Tudor Jones So maybe there's something to it Then they do their research because they feel like it's okay and also like that's okay So it's just a group think and you can call them lemmings or what do you want to call them? But really we're all kind of subjugated to that and that's just a problem. So I think again I think this is good for the space and I'd like to see how it actually all works out but that is a That is the majority of what is going on right now. So look I know that was that first part of our Cardano Some people are gonna love it and some people are gonna hate it That's just how it is But I just remember that we really should be all chill eating for each other because it's really us Against the world. Let's be honest You know any people want us to fail on crypto everybody IMF probably does I can guarantee you that the different traditional banks Maybe the ones that haven't gotten in so really when we take a look at these things just have a little bit of Compassion for other people. Hey, if you're making money, I'm happy for you Good for you. And that's it for today. So look I'm gonna go over. We're gonna do a little quick Q&A I'm gonna take five questions and I'm so like we can actually keep this below 30 minutes and then we'll go off from there. So let me bring up some comments and see what you got great Jordan Ross is a perfect tomato coin proof of sauce What else we got let's make tomato coin the card on I'm sure I can deal with that Let's see selling some of the Cordano may be buying Puerto Rico. Great. Look, I'm gonna do an updated video on Puerto Rico. I want to share with you guys some A couple a couple of new Real estate agents I Definitely a new lawyer if you're looking at the act 60 because the one that I use like super overpriced I found a great guy. His name is Jaime and he is great and you can do it for Very inexpensive and then just talk about some things. I'd like to you know I'd like to bring on is some people who live here right now We'll see how it works out. Maybe crypto crow has got time. He did a great video. He did a great video And pretty much laid it all out about People are great potholes suck and some other stuff. It's pretty funny. Let's see what else Eddie can hit three bucks easy, you know, John that was one of my few price predictions. I got right I Says I want a three bucks and it did I But I really bombed on the Bitcoin Ethereum one though. I think we know that and like with everything we should have patience. Yeah Like Axl Rose says Mmm Better have millions you want to invest in real estate there. It's pricey But I got an idea of how to get investing into a crypto here. I've nothing to sell you, but it's gonna be called It's gonna be a Dow I which gives on American way to keep mentioning SEC. I don't mention SEC but if you're selling to American clients you and even Charles Hoskinson has made a suggestion about this You have to be aware of what's going on so it doesn't matter if you're in Australia or if you're in Uruguay if you're selling to American consumers, you have to be worried about the SEC. That's how it goes Okay. Yes, I will Gary's watching Gary watches the show. I don't know if you guys knew that Gary is a I think he's now a member Digital asset news not for sure, but You need to bill him for that the blockchain is a nice numbers of I don't know which walk chain Okay Let's see. I think that's it Okay, how about this one? This will be Yeah, okay. What if all people who hold aida from a dollar fifty to two dollars sold on Thursday for a cash? Well Then the price will go down. What does that mean if the price goes down? You get to get it for cheap So it's all you want to look at and that's it. So look Great not too many questions today. I got a lot of things going on here fix up the house stuff like that So if you like today's video, give it a thumbs up also consider subscribing I need to talk about our time sensitive and that is it for today. Thanks so much everybody for coming by I do appreciate it and I'll see you on the next one. Yeah. Adios