 All right, everybody welcome to the Sunday live stream We got a lot of things to go over a lot of things go over. So let's just jump right in the first thing is We've got a special guest today. My buddy Jerry V. Hall is back in action Jerry. Welcome to show for the 20,000th time. Thanks for stopping by good to be here Rob. Thanks, man Yeah, and of course you guys can find Jerry's information there's a link in the description for his Twitter account You still a lot of YouTube videos kind of stepped away. I guess he's Once in a great while I just recently did a With a CEO at the interview with a caution that works the the blockchain cloud Computation network nice interesting stuff. Yeah, cool. I'll link that in the description as well So today Jerry what we're gonna talk about first We're gonna talk about because the whole thing is this as everybody as everything heats up especially in the altcoin market The discussion becomes how risky should I get into this because you'll see somebody like myself and like Jerry as well Who are like, you know what Bitcoin's doing pretty good. We're gonna stick with that DCA But then as things start to heat up you start to see hear a little bit more of I'm not gonna say degenerate type of thing I'm gonna say more risky type of plays as things come in because it's my personal opinion that the biggest risk that you can take is Not investing whatsoever now on this show me and Jerry can't give you financial advice whatsoever and tomorrow We could see a drop of 30 to 50 percent. Nobody knows does anybody know Jerry does anybody know it? Nobody knows so that's just we're just gonna take a we're just gonna take a little walk down memory lane See where we are and just see how risky it is and we're gonna talk about some of our Risky quote-unquote degenerate plays and we'll go from there. So first things first the market Sunday is it Jerry's it is me that feel like Sundays are kind of like those those like kind of like mini dump days Well, I definitely believe that anytime you start seeing gains that out Pace or outsize the traditional markets. They're gonna be a segment of that Network those people that population that are that are here to trade and if you can make 15 percent in three days Take the money. I mean if that if that's your game and there are a lot of people playing that game There's a lot of people and that's okay I mean look you got to take profit. That's one of the rules, right? Take the profit Don't trust anybody everything's scammed up or otherwise. Don't invest more. He can afford to lose Don't use leverage or type of stuff, but it just seems like a Saturday Saturdays sometimes in Sundays It's like the markets are closed. We're what's open 24 seven besides forex. Yeah crypto So we get stuff like this But before we move on and talk about the risky plays Let's talk about some of the safe plays and why things are really going well mean so me and Jerry We're talking about the same before he came on and he said a couple a couple of things Jerry There was three reasons that you talked about about why leading up into this this next year It's gonna be massive and one I had no idea what you were talking about So just talk about the first two and then we'll talk about fast B. Okay so the the first one was this once in a lifetime event in Bitcoin's life, right the Bitcoin ETF Represents one if it's a spot ETF, which is what we're all hoping these these applications that are in process will get approved for Requires a one-to-one ratio in other words They have to have the same amount of Bitcoin in the fund to represent every share of the fund that they sold from a dollar dollar Basis so if they sell ten dollars worth of the fund they have to have ten dollars worth of Bitcoin in the fund This is huge because it really it takes demand it puts a demand pressure on a Market that is already picking up steam in the speculative world, right the guys like you and me What yeah, that's true So yeah, and as when Jerry gets unfrozen just as a as a real quick thing and remember Jerry's in Costa Rica The Wi-Fi is not fantastic over there, but as a reminder like when when the gold sorry about that that's gonna happens Okay What when the gold ETF came about remember there was like it was pretty much flat for quite a long time But there was like no down years for like the first eight years And then we had like a little bit of a drop in the in the great recession time And of course gold hit it's all time. I not too long ago So if this ETF goes through that's great fantastic It's gonna be a big run so that was the first thing the once in a lifetime second thing Jerry Well, the second once in a lifetime is this is this Ruling that came from a regulatory body that regulates and sets the guidelines for all corporate Information reporting what they call the FASB guidelines for gap Accounting the financial accounting standards board this year 2023 You the board unanimously passed that they will change the designation from bit of Bitcoin on a corporate balance sheet from an indefinite intangible Meaning that whatever whenever you buy Bitcoin whatever the lowest price it ever traded for while you've owned it is what you have to Mark its value at in your reporting Which is really hostile to owning Bitcoin because it's flock, you know, you can go from 30 grand to 60 grand to 15 grand in the course of 18 months. We've seen it just recently do that, right? And now it's back up to 45 so When you change the designation from indefinite Intangible to fair value accounting, which unanimously was passed this year Then whenever you report your holdings in your k9 reporting that you can mark the Bitcoin at the price of that day I don't get it No, no just I explain explain even easier simpler because when we first talked I'm like I don't get it and it doesn't make and I don't really think it was a big deal And and then you told me why it was a big deal Well, it's a it's a big deal because if you bought Bitcoin And it's trading at 45 000 dollars today and you're doing your reporting today Wouldn't it be nice if you had one Bitcoin on your balance sheet To be able to show that you have 45 000 dollars in assets Well, that's yes, of course you would want that. That's how it's supposed to be, right? That's how it was supposed to be but it's not but when it's indefinite intangible You have to have that price of that Bitcoin valued at whatever the lowest price it was since you've owned it So let's say I owned it when it was at 15 grand, right? That's what I have to value that Bitcoin at For the whole like like for the whole time. That's a hostile treatment. Yeah. Yeah, it'll never go up That's dumb. It'll always be the low. It's it is dumb and it's not intuitive But it is the way it's been the point is that For a long time since micro strategy led the way other corporations have been resistant to get into bitcoin because of this One fact the fazby accounting rules for bitcoin But now that the board has changed that and they will start to roll out their new guidelines in 2024 Now we can see this once in a lifetime event the doors open for corporations to take bitcoin on their balance sheet This is big because again It puts extra demand On an already static market. They'll never be more than x amount of bitcoin produced by the miners each day Yeah, period and that having Obviously affects that supply, right? Right? Then there's the last thing Or do you want to save that for less? Yeah, so I just want to go through this one one one more time to make sure everybody's got it Because this is this is when jerry told me this i'm like i'm like who cares But then it goes jerry had to had to explain to me because i'm a simpleton So let's say so like you're a corporation. You're like i want to get into bitcoin like okay, but let's say like They they tell you the the bad news which is micro strategy micro strategy put bitcoin on the balance sheet at 67,000 right or at the very top But during that year it was actually the lowest it went to was like 32,000 the time of which it was the lowest That you got it at is what it will always be So when we're talking to our shareholders and we're telling hey, we got this bitcoin I mean even though it's worth a million dollars today. We got a report for port at 32,000 And that's why they're like, maybe not so I can understand that so okay We had we had the etf the fast people language. I now it makes sense and we get more corporations in and the third thing Is is what? El Salvador is Singling a signal signaling to the world. Yeah You you put up an animation on twitter Which was like a little two minute animation thing of why el salvador is not selling its bitcoin, but in that little For mercial that they did they actually go over some really good points and that is what The bitcoin is meant from An uh a currency in the economy standpoint and what bitcoin is meant as a treasury asset for the for the country, right? These are huge huge forward driving Cases being made so we've got sovereign entry Cases being made corporate entry cases being made And an entire segment of the investing public that did not want to Open a coinbase account and learn how to do private keys, but would have no problem whatsoever telling their Schwab brokerage. Hey Go ahead and load me up on some of this bitcoin etf right Makes sense So three big three big things and i'll go with the fourth thing which isn't a lot once in a lifetime But you know, there's a halving coming out and it's only like four months away. Think about that January February March. Yeah four months four months away so Jerry excellent explanation about what's happening and the reason why we brought this to everybody's attention because Everything kind of flows through bitcoin bitcoin pumps up first. Then we go into some Some large caps and the mid caps and the micro caps into the into the low cap gems everybody likes as the kids like to say so When we're doing all these things and i'm looking at it and people are saying, you know, we should take some profits Which we should along the way is you really take some profits and we can talk about when but I was thinking myself. I'm like, is this a good time to really start thinking about taking some massive profits And maybe not getting into some of these smaller caps and potentially does but I will say this If we take a look at some on-chain metrics, I pulled this from looking at bitcoin.com again link in the description Addresses with a balance of more than one bitcoin. You can see is roughly at an all-time high So people who have been accumulating the people like us who front ran everybody essentially because we knew what time it was Uh, we're really heavy and we're not going to sell and then also we take a look at bitcoin addresses with a balance of greater than 0.1 again all-time high address the balance greater than 0.01 all-time high and We can go over some other things, but let's just go into mvrvc. So If we think about like like selling and stuff like that Is this a time to like really let go of bitcoin some people can make the case it is I got to tell you if you look at the the market value versus the realized value and the z score kind of takes everything out look at how far away we are And historically it's been pretty damn good quite honestly It depends on what you want to do now every every indicator has its faults That's why you got to use a bunch of them just to kind of get a sense of what's going on But just the mvrv score not really now we take a look at the Puell multiple, which is again taking a look at Miners and how much actual profit about the way they have Puell multiple has even reached up into even half And we take a look at the pie cycle top That's where you take the 350 day moving average times two and crossed over the 111 day Moving average we can see that we are far away and over time if we take a look at the the pie cycle top It's nailed it in 2013 17 and it did a pretty decent job in 2021 around 59 000. Ah, jerry your blood pressure and then lastly The nupl which will which will give you pause if you think about it because the nupl Profits and losses it actually has crept up into the disbelief or belief in the nile stage So maybe if people are thinking about it if you group all these things together, maybe like Maybe I take some profits. Maybe not but that's up to you and everybody's journey is their own jerry Before we go on. What do you think about all that gibberish? I just talked about ah, thanks Jerry's got a train that comes by every so often just to check on him and that that was that was the noise you just heard That was actually the church. Sorry about that. There it goes one more time. So I I'll tell you what everything you just said is so spot-on But the one thing that I am and maybe I've got my once-in-a-lifetime bias hat on here Sure I because of the scarcity of bitcoin We we've never had an asset in the world ever that had such a finite scarcity to it So here's my thinking my thinking is these once-in-a-lifetime events with the with the Signaling of of sovereign nations the corporations getting the doors kicked open in 2024 and the and the etf reaching The public in a huge way I don't want to like I I've got huge profit in bitcoin this year. I was buying in january. I was buying in february. I was you know Oh, I hear you Poor jerry and the costa rica internet I apologize. This will be gone on the 11th. My starlink arrives by the waist. But anyway, that's a look at true baller He didn't the starlink very nice So the back to back to I don't want to I don't want to sell my bitcoin and make 20 000 dollars You know, which is the profit I made this year from a bitcoin Why would I want to do that when there is potentially 150 to 250 000 dollars of profit in that very same bitcoin? With that very same amount of investable income, right? It's all Because there'll never be another once-in-a-lifetime event. That's why they call it a once-in-a-lifetime event This is one of those things about time horizons And it's all about your risk tolerance. So some people like like I got as I get older I get less risky and it's like I just want to take some profits and moving on the way But some people as they as they doesn't matter what age are it doesn't matter I I've got people on this channel who reach out to me in their in their late 80s I got some people who are in their like late teens early 20s It doesn't really matter because everybody is different. So whatever you want to do works for me Of course, everybody's journey has to be Out of their own so I can I can definitely see that me personally like I take a little bit of profits here and there Just so I can remember what the heck it feels like to take some profits because when I'm telling you I think the problem moving forward. It's not so much about the buying. We can all do that I know we're all pros of buying dips and dca and stuff like that. The problem is actually getting to sell so But there is a case right now to get a little risky And what I wanted to take a look at what jerry talked about, you know, these these events that are happening We're rolling into The bitcoin halving happens every four years without fail. It doesn't matter if there's a Plannedemic doesn't matter if there's a world war. It doesn't matter if I don't know if any amp he would do it, but it doesn't really matter It's always going to happen within four years and we are going into 2024 and the the previous year before that it kind of like It doesn't match perfectly, but I'll tell you like in 2015 You see all like at the very end of the year There was a big run up a little bit of a drop Run up again little drop and then off of the races And then of course over here in 2019 We had a a run up a little bit of a drop run off again drop run off a little bit drop because of the The corona sickness and then off of the races and I think it's going to happen again And I think right now we might have a little bit of a drop. That's why I think like, okay Let's say we have a 23 drop if we do great. I got to tell you I feel like I am buying Some some assets that I think are a little bit A little overvalued right now so I could take I could take the discount. That would be great But then some people will say Rob. What about the m2 money supply because that's really what what drives it Which I have to agree if we take like of the m2 money supply and over not this Let's overlay it with the crypto market To a market cap Yeah, we can see that of course it just went up then as the money supply retract alone but down But if we even zoom in a little bit further We can see that even though that the money supply went up The crypto market still went down a little bit So I'm not I'm not Saying that this goes lockstep with everything with the money supply and right now there is a retraction There's quantitative tightening right now. I think the money printers will turn on next year But when they do I think I'll be pretty do pretty well So even though we're around, you know in the cycles like around here We could still have a nice little run-up. We could still have a drop down But I think I'm trying to make the case here that I think that as time goes on This might be a chance to get into a little bit risky assets as opposed to saying like in 2022 You know yoloing all the way in and then having a drop 90% and now jerry that makes sense or like Well, it makes a lot of sense Especially when I've lived both lives, right? So October 2021 I was buying up metaverse. Yeah projects projects while we were at the the you know, uh, $65,000 bitcoin Nice, I mean and and uh Um using ethereum to do it, you know, the ethereum was what 45 hundred dollars at the at the time and and and all of Those projects a lot of them were in the ethereum world and have subsequently Just been hammered into the ground all of us know who own gala. Oh, yeah, and you know, uh, Samhakan sand and Yeah, it's it's it's pretty bad. It's been hammered But I like I said like I think since we're kind of going into the direction that we want to go to I'm not saying there's like a 1000x out there and everything I'm going to talk about today will do that I'm just saying that I think we're closer to The more bullish nature than we are to the more bearish nature as we move away from the 2022 and we kiss 2023 goodbye But then you got to think yourself like Well, how far away are we and there's this website? that I steal from liberally And it's ben's website into the cryptoverse and I want to show you something There's been a nice little run up with bitcoin, right? And I told you everything goes through bitcoin first Then we go into like some large cap alts then some medium cap and then some low cap or gems there's this thing called the risk levels and right now The risk level for bitcoin is actually quite high. I didn't realize it was this high 0.6 and that means we're at 43,000 and Before we get into this risk levels just means essentially like this The time that each crypto spends on these risk levels or the price levels that it actually is at It varies from crypto to crypto, but this is bitcoin essentially So like as you move up in these these levels You start to see higher higher prices, right? And it's only been 18 for like the zero point out of 1.0. It's only been 18 days And that's when you had like the prices of around 59,000 or in 2017 19,200 or in 2013 978 or whatever else it was So for me like when I'm doing these, you know doing these things by the risk levels I just look at I'm like, okay. I've got this And let's say that It's the price starts to go down. That means that the risk level goes The risk level Goes down price goes down risk level goes down less risk, right? So maybe I spend 50 bucks here in the 0.7 a day or a week Then it goes to 0.6 I put a more than 0.5 a little more and you get where I'm going from right So I will buy more as it goes down And I'll buy less as it goes up and I start to think about selling around 0.75 0.8 Hopefully it makes sense. So we're looking at bitcoin We're at 0.6 And before I show you all these alts and what risk level they're at Let me get some input from jerry Well, you know, there's so Following a theme of dca. Yeah, we're always bright and I remember even guys like you and I I mean, I remember we talked about this when we first met and stuff The the how how to dca and that gauge that you just talked About is a great guideline Doesn't have to be followed to the letter No, but it is Definitely a good guideline because one of the things as we continue to mature in this market The circumstances and situations in the market will slightly Change right and then there's more money flows in that just changes the dynamic of the market altogether, right? So the corporations that start coming in countries, blah, blah, blah, it'll change But that guide is perfect especially when now We can apply it to other immature markets like the alts bitcoin is growing up. It really is it's almost a trillion by itself I mean, it's getting there and it will be 10 trillion in our lifetime. It'll probably be 20 30 trillion in our lifetime I like that. I like fair to say I like those numbers jerry. That's why I tell my show It just did look Bitcoin is not going to die Everything else is subject to change. Yeah, like I don't know which layer one is going to be the one that the the next YouTube app that everybody uses is going to be on. I don't know. I don't know either. So that's why I Many of them just like you so let's let's take this continuous. Let's get into some of the results I'm curious. I own a bunch. Hey jerry, I'll ask you a question before we get into it Now I'll ask you later I'm here to hear the question question is how many how many alts do you own? I'll tell you how much I own in a little bit I'm not not the not that the the the numeric value, but the actual number of alts And all just defined by any coin other than bitcoin other than bitcoin. Oh my goodness Exactly. So hold on. Hang on to that thought so guys So we're looking at bitcoin the level is pretty high 0.6 now as we go down again As far as like the risk levels If there's actually higher 0.646, it's actually done pretty well And I would like to say this and when it gets to 1.0, it's at 7500 now These numbers are in flux at all times because as we move and more data comes in bitcoin itself at 1.0 is 97 895 if it hits that I'm out. You won't see me again. Let's take a look at cardano, though Cardano 0.427 so not near as high What about polka dot polka dot? It's a pretty good project 0.157 avalanche, which is crushing it in the gaming sector I can't believe it's this low 0.167 and we're looking at holy smokes. We're looking at one. It's four and 64 dollars Let's go to chain link 0.551 I can see that at 16 bucks at 1.0 132 dollars And again, these aren't price predictions, but you can see where we're going Solana, which had amazing run-ups only 0.527. It's it's at 73 bucks a day. I'll be damn 1.0 683 bucks and let's see polygon 0.181 bnb 0.24 v chain 0.17 algorand This is the worst 0.087 and at 1 it's $6.90. Let's see what maker 0.24 Ripple 0.17 cosmos 0.4. See see where I'm going with this I think right now that this is a reasonable time to really get into A little bit more of risky plays and these are just like, you know the top 50 essentially now as we start going down Which we're going to get into in a second It could get pretty profitable, but extremely risky jerry input I you know, here's my personal strategy All right, I've made bets. I've been in the game what five years or so and there are bets that I've made That are still on the table Yeah, right. I made a bet on xrp. It's sitting there I'm not you it ain't going nowhere I'll do something with it when it's time to do something with it. I've made a bet on v chain It's sitting there. It's staking right. I'm earning v chain plus it's it's store token It just sits there and marinates. I got a bunch of these layer one protocols that are proof of stake that I can stake Let it auto compound and I I've made the bet. I've placed the bet once I'm walking away I no longer dca into the project and that's the majority of the 100 plus tokens I own are in that category I made a bet they're sitting there. I I have a portfolio on live coin watch that has everything identified And and that's the deal now. I have maybe six Projects that I'm active in in other words. I do buy and sell these things. I do acquire them I do something with them Bitcoin ethereum Cardano, I love a da just Love a da singularity net and of course hypercycle No, of course hypercycle. Yeah. Oh, of course. So yeah, of course. So rich trans says here's the strategy bitcoin will lift all boats I got to agree and True story. It depends on your like and we'll get into this like risk tolerance But uh, it really depends on what you want to do like, uh, I got a my friend ben over in the cryptiverse Uh, I know some people like they say, ah, it was she don't want an alt heavier or whatever else, but Ben made a pretty good point to me. We were talking afterwards Actually, we're just talking on the show and he was saying he's like, you know, he goes It's just less risk. He goes I don't want to deal with with with the headache and the problems everything else And I think there's a there's a major not a majority a lot of people out there just like, you know what? This is safer than say the s and p this is not safer This is the asymmetrical bet As come as opposed to like the indices or some kind of t bills or treasuries or whatever else And I think I can do like a two or three x here if you're say mark cuban, right and you put I don't know say like 40 of your net worth Into bitcoin, how much you think I mean in the crypto, how much you think he'd put into bitcoin as opposed to say tomato coin Or as opposed to say Whatever I think it'd be the majority I think the more that you have there's less risk you want to take on because you're like, why do I take so much risk by 2x if I 2x 40 billion dollars I'm doing okay. So it's everybody's tolerance and going from there. So anyhow, jerry, what do you think? Well, and also I think that everybody has to kind of have a view of where they think the world is going Yeah, I'm of the opinion that um, the internet of things is rolling out I believe you will have a refrigerator that'll order your food from the grocery and also pay for it Do a household wallet that it's connected to I believe that I believe that we're going to have um ai Doing things for us that that well, we're only in star wars movies, you know 15 20 years ago I believe robotics are going to take a much larger place. So when i'm investing And I go, hmm, okay. I can put a hundred dollars into nvidia, which is an ai play Or I can put a hundred dollars into hyper cycle, which is an ai play, which you know if hyper obviously nvidia is a much solid or Risk-free asset relative to hyper cycle True I get that I get that so maybe I'm going to vote 500 dollars this year to ai I'll put 150 to nvidia because that is like the bitcoin of chips. Yeah, and right and it did great and then and Then I come down and I go, okay Well, the next layer of risk is maybe I'm going to back that up with a little bit of amd Again back in the stock market. Maybe I do 100 dollars there. So half of my 500 dollar investment is in Blue chip. I know those are those are pretty solid Yeah, but I'm only going to maybe make 10 or 15 20 percent a year on those And I come down with the rest of my investment and go. Hmm hyper cycle good good white paper great team great project has potential I'll put 150 dollars into that now it has a potential of going a thousand x because it's You know, it's nothing now. It's nothing and it's risky And it's risky, but you know, I'll take on but again like all these projects that I've had in the past I'm not afraid to put some money into something that could be something later if it gives me a couple thousand x Yeah, it's not a big deal, but I don't put all my money in it No, it's true. And you know what like Like we we talked about this as far as like like with dogecoin If you had to put 10 bucks a day in dogecoin in 2019 for like six months you'd have outperformed everything That's dogecoin for pizza. That's why I like bonk. So To move on with with that exact same theme Here's what we got so as far as like we made the case for why bitcoin's going to do well And of course it was made very clear that uh, that is one of the The parts that will right that will raise all boats, right? Bitcoin's going to do pretty well, especially with that fast B ruling Especially with things are going out of Salvador and so on so forth. So we move into like and we just took a look at some of those major caps Uh, if there I'm going down now as we move forward, what about the risky stuff rob? It's a great question And again, can we go down 30%? Yes tomorrow? Sure. Why not? But does that mean that we can lose everything we lose everything? No, I think we're going in the right direction. So I'm going to be on Cardano with paul's show This was uh, this will be to tomorrow. I think it's tomorrow. It's Sunday. I think it's tomorrow tuesday And we're going to talk Cardano things like that. We're going to talk about recent buy which was a snack or snake I don't even know how to say it, but this is a meme coin, right? And it's for funsies It's not like it's not like snack is going to change the world and it's going to become the world reserve currency And everybody's going to go into it. No, this is a history of gambling essentially what it is But I mean look at this one. It's done pretty well because I lose everything Yeah, probably or yeah, maybe who knows and then of course my favorite bonk But today, of course bonk, I feel is like the salon of dogecoin today bonk's down 10% It was actually down much more. I think it was down like 20% today Uh, yeah, and of course it goes up very risky plays, but again, it's not like I'm putting everything into it uh 10 set another one that we got into a launchpad. I'm doing a uh, a Quick video on dan dj and channel because I think it's a it's a great as far as like a launchpad and things Are coming out are pretty great. Also as far as a launchpad, they have a money back After like seven or 10 days if you don't think that it pumped enough, which is crazy to me, but all right Uh pith or python that work again It's the uh, it's the oracle of selana just along with chain link and we took a look at chain link I think that's even a as well as a good play But I mean the risk value is kind of going up pith is I think it's just starting We talk about immutable x and of course I've had a lot of the guys on from from the web 3 gaming space Uh, he suits martinis had kaggy had stash nad Johnny from banter on and uh, this is only they talked about three months ago. I got into it did pretty well Aluvium not too bad. It's done 30 days 30 percent. I wish I would have gotten a little bit earlier But hey, what are you gonna do and then lastly? playable Which that was from he suits martinis 30 days 252 percent again Take some profits along the way and then lastly hypercycle and you know what jerry Start talking about hypercycle and tell us what it is again and let me take a look at the at the play As far as like the amount because hypercycle is an ai to me It's kind of like I think of it like like computers talking together or working together To create better ai okay, so the premise the premise here is that Like um, how oil was the driver of industry over the last 120 years, right? Yeah that we believe computation Computation will be the driver of a great Innovation going forward, right hypercycle is a network For ai to contract with other ai for computational purposes, right? And so there are many different ways to participate in the hypercycle ecosystem you can um You can have a full a full node setup where you have the actual hardware Software and the tokens for the economy of the network. Yeah, where all you have to do is plug in a ai module Right from an open source ai marketplace. Let's say you want to do Medical research and you're doing something on the on the benefits of the vitamin c compound on the mitochondria And you've got 800 million thousand gigabytes of data to crunch through Have that ai do it Use the computational resources on the network the smart contracts within the saddle servers Can facilitate not only the work to be done But the payment of the work done upon completion and it's basically ai working with ai in an ai network Open to the world As opposed to siloed within aws google or microsoft I think that's huge because like I know that So we have chat gpt. We have barred on google and then also x just rolled out Uh grok Which i've been using which is pretty fun fun way to do it But i'm thinking myself like there's got to be a limit because you can only you can only do so much There's only so many different uh, uh computers and chips that you can actually do before you say You know we need to open something up to really I I kind of look at it like almost like theta Like theta is like there's only so much storage that we can do for for video services So we're going to use the unused potential for the for our users and we're going to pay them in theta token So like hyper cycle right now when you use any of those ai's that you just mentioned. Um, yes Do you know you're contributing to them, right? Oh, yeah Yeah, are you getting going on the data? I am not getting paid for that jerry Oh, you're not you're not getting paid. Oh, i'm not getting paid for that. Who benefits financially from that? That would be there's this guy and i'm e1 musk And there's Okay, so the point is the point is That companies like singularity net which is our one of the the mother companies of of you know Where the origin of hyper cycle came from this whole family of ai that lives on ethereum and cardano You know what I mean? Yeah, and so Having it be in the world in the realm of I can participate in this network. I can have a business on this network I like this network not to mention What it opens up to ai developers who can create modules in an open source marketplace And now all of a sudden you've got this robust economy going on behind the scenes. It's really an an impressive thing And you know what's i want to let your viewers know We're going to do a token giveaway today. This is impromptu But i've got 160 tokens that I want to give your audience Which would mean eight people all they need to do is go to at jerry v hall one on twitter Connect with me right Uh, what are they friend request or whatever they call it there follow follow me And I will get with you in our private. I will get with you in a private message get your um a therium metamask deposit address and i'll send you tokens Damn that's nice. So everybody I put that in the chats I put that in the description and of course you can see it right there at jerry v hall one And I think that's uh, let me make sure that's right jerry wall one Yeah, without the x it's on x so On x jerry. Thanks for giving away free tokens people like free especially. It's almost time for christmas. So Well, the hope is that if they get a couple of tokens They'll take a peek at the project and that's all I ask I don't ask anybody to make a determination about it But I've done I've been in this game long enough that when I looked into it I went this is real and and I got so Engaged in the process that I reached out to become part of the team in some way shape or form Yeah, you've been a lot you've been I know that you were telling me about when we first met a lot of low cappers And they worked out pretty well, so We'll see if this one's the next your next golden lightest touch jerry Where's the world going? Is the is ai going to increase? Yes or no is robotics going to increase? Yes, sir. No, and then we look at decentralized areas in the crypto space that meet those verticals And and like try to evaluate does this got something to it? Right, I don't know. I this looks really good and we will be rolling out a main net within the next 12 Well within the next nine months, I believe is the time I'm not clear on the exact date We're supposed to have the main net But we're getting we're inching closer and closer and closer to a main net where developers will have ai There'll be a network to do the computation and there are already private companies coming to hypercycle for the computation At the ai they want to use the the resources man because they don't want to pay amazon They don't want to pay microsoft. They don't want to pay google's prices I got that makes sense. So guys this one is um It's risky like everything. We just talked about super risky, but this one's risky risky But it's early. So we'll see how it goes out. So jerry Good stuff Thanks, thanks, man. All right, so everybody that will conclude the day for for uh me and jerry jabberon So if you got to go take off go watch the football go watch the flip ball go watch the games and then we'll talk soon